Sarasota Real Estate News

Time to Buy a luxury Sarasota home? There are over 200 homes listed on Sarasota’s barrier islands under $1 million. Read Matt Woolsey’s article on Yahoo real estate from Forbes.com about what your money will buy in today’s real estate market nationwide and then check out Sarasota properties. Matt points out nationally:

“As luxury homes continue to pop up in cities like Charlotte, where job creation is strong, there is something of a geographic refocusing. Luxury homeowners from higher-priced markets move to take advantage of better affordability and as a result the luxury sectors in those higher priced markets experience a softening — more homes are available with fewer resident buyers.

The result? Neighborhoods quickly climbing in value, set to be filled with million dollar homes in the next five years, gain at the expense of higher priced areas where homeowners are worried about selling their home.

But don’t be surprised if on your next seven-figure house hunt, you find less domain for your dollar. Because the overall market is tightening, buyers aren’t as loose with their money as they were when any property they bought was almost guaranteed to appreciate in value. Now, according to home builders there is an increasing emphasis on quality per dollar as opposed to size per dollar. In other words, the era of McMansions may be coming to a close.”

In Pictures: What $1 Million Buys In Homes Across The U.S.

What About Sarasota Home Prices

Sarasota’s barrier islands, offering luxury lifestyles to investors and private retreats for baby boomer retirees during the peak hot market, currently has 200 homes listed under the million dollar target, not including condos.

In Pictures: Homes Under a Million Dollars in Sarasota.

If you are looking for a million dollar home on Longboat Key, Siesta Key, Bird Key or mainland Sarasota, Florida, Annette Smith with RE/MAX Properties is experienced in barrier island real estate sales and is ready to assist you in the changing Sarasota real estate market. Email us for a list of condos available under a million dollars in one of our island communities.

search for : Yahoo real estate, Forbes.com, Sarasota properties, RE/MAX Properties

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