Sarasota: A Top City in the USA for Home Price Increases and Relocation
Posted by Bill True on
Florida is looking to be more popular than ever…especially the Sarasota area.
Research from Black Knight Financial Services found that most cities in America saw a big price increase for homes last year which has begun to balance out since…balance out everywhere except Florida, that is.
In comparison to the rest of the US, Florida home values are still on the rise bragging a .6% month-to-month increase in December (right behind New York’s .7%).
Where are people moving when they come to Florida?
Statistics say that Miami is the #1 to move to in Florida (with home values rising 1.2% month-to-month in December) and Sarasota is #2 (with a .9% increase in home values month-to-month in December)!
If all of this seems like a foreign language to you, here is the simplified version:
Florida home values are increasing at a rate such that they are in 2nd place only to New York. Miami is the city that is the most moved to in Florida and the homes there are having a 1.2% increase each month. Sarasota is the 2nd most moved to city in Florida with the homes having a .9% increase each month. In other words, if you are looking to move to Sarasota, now is the time because home prices are increasing steadily.