Sarasota Season Promises to Be Unique!
Well here we are - it's "season" in Sarasota.
Concerning Sarasota real estate, a great percentage of our population is part time - snowbirds and seasonal residents. From Thanksgiving to Easter, there is also a huge influx of vacationing folks. Sarasota is a different place during season.
While full time residents may grumble about the increased traffic, and not being able to get a table at their favorite restaurants...many businesses rely on this time of the year for their entire year's survival. And traditionally, real estate sales rise as northerners flee from the snow and can't fathom going back home without an escape plan...or those on vacation fall in love with this amazing place and decide to buy a home of their own.
This year promises to be nothing if not unique. Sarasota home prices are low and inventory is high - the classic buyers market. But worries about global stock markets and the economy in general may have adverse effects. At least, thankfully, the election is over and folks have settled down a bit about that...
Real estate has always provided a return over the long term. It is hard to find a truly wealthy family that doesn't have extensive real estate holdings. It is the tried and true investment - over the long term. Panic over a few bad years by the general population means one thing to savvy investors. GREAT DEALS.
Although I may not be able to get a table at Roy's very easily, I look forward to season. I think people are ready for some deals on sunshine - and bayfront condos. And always remember to use a Sarasota buyer agent to protect your interests when purchasing Sarasota real estate.