Luxury Real Estate Leads Sarasota Housing Recovery
Recent Luxury Home Sales in Sarasota
If you are considering buying real estate in Sarasota, Florida, you've got some very elite company. Luxury residential real estate (property priced at $1 million and up) continues to be a thriving market in Sarasota.
Sarasota seven-figure home sales were up 48% in March over the same time last year, according to the Sarasota Herald-Tribune. This year, top luxury home sales include a Lido Shores home with a $7.1 million sale price, and a Casey Key home with a $5.77 million sale price. In a recent report by the Bradenton Herald, the increase in Sarasota real estate sales has spread across all price ranges. March was the best month in seven years for sales of existing Sarasota homes and condos, and as it turns out, April surpassed even March, with the highest number of sales in one month since August 2005.
Why is Sarasota a Hotspot for Luxury Real Estate?
Sarasota has appealed to affluent and influential real estate investors since the early 1900s. High Society's Bertha Honoré Palmer was drawn to the wonderful winter climate here, and purchased over 80,000 acres of land in and near Sarasota, Florida. Charles and John Ringling of Ringling Bros. and Barnum & Bailey Circus (and possibly the fifth wealthiest man in the U.S. at the time), bought approx. 67,000 acres of what is now Sarasota and Longboat Key as investment property.
Today, buyers and investors are still drawn to Sarasota's climate (a year-round average temperature of 73 degrees), as well as her beautiful barrier islands, world-famous beaches, and incredible arts and culture. Sarasota offers theatre, ballet, opera, orchestra, museums, festivals, and more - many within walking distance of Sarasota Bay. As a result, Sarasota has become a top choice for:
• Vacation homes, including beach homes and waterfront homes
• Retirement homes for wealthy, active seniors
• Rental properties for real estate investors
• International real estate for foreign buyers
Now is a perfect time to buy your home or home-away-from-home in Sarasota. For your very own tour of real estate in Sarasota, contact us today (941) 918-1956. As highly qualified and experienced Exclusive Buyer Agents for Sarasota real estate, we've helped home buyers and real estate investors around the world discover and purchase the very best homes for sale in the Sarasota, Florida area.
William True, Sarasota Real Estate & Exclusive Buyers Broker
ABR, ABRM, AHWD, BPOR, BS, CIPS, CLHMS, CNHS, CRB, CRS, e-PRO, GREEN, GRI, RCC, RSPS, SFR, SRES, TRC
Licensed Sarasota Real Estate Broker, Sarasota Notary Public
