Is The Sunshine State Back?
Posted by Marc Rasmussen on Thursday, January 28th, 2010 at 12:20pm.
Here is an interesting article from themovechannel.com talking about the comeback of Florida.
South West Florida
This region of Florida enjoys relatively uncongested areas. It is sophisticated, less crowded than the east coast and there are some real bargains here.
Sarasota was recently highlighted on NBC as the number one place in the whole of the USA to buy a home. The city is known as ‘the Jewel of the West Coast of Florida' because of its fine restaurants, beaches, theatres, arts, shops and lifestyle. Having seen a down market for prices in 2007 and 2008, Sarasota is now in full recovery mode. Prices are at 2002/2003 levels and the market between buyers and sellers is rapidly moving into equal balance. For the year to July 2009, the number of completed sales in Sarasota County showed an increase of 16.5 % over the equivalent period the previous year and pending sales showed a 57% increase on the same basis.
However, there has been little or no new construction in the area for four years, so high quality inventory is being snapped up.
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Posted on Monday, February 1st, 2010 at 10:27 PM.