Sarasota/Bradenton – #5 Turnaround Town In The Country

By | February 17, 2012

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The Sarasota-Bradenton area was just named the #5 turnaround town in the country by www.Realtor.com.

That’s no surprise out here in the trenches – my phone has been ringing off the hook, most listings I market receive multiple offers in the first week, and there’s a real feeling of optimism among my customers and my co-workers.

In fact, Florida dominated the list, taking 7 of the top 10 places.

Prices have been stable in our area for several years now and we’re on the verge of becoming a seller’s market again (based on the available inventory). FYI, a six-month supply is considered equilibrium, and we’re at 8.3 months right now. That’s a 10-year low for us.

By the numbers, our average list price appreciated 10.78% from last year while our time-on-market fell 26.57%. We also have 31% fewer listings this year than last year.

Here’s the link, in case you want to read the entire article:

http://www.realtor.com/blogs/2011/11/16/florida-dominates-realtor-com-top-ten-turnaround-markets/

… if you’re still thinking about buying a house in or around Sarasota, this IS the season to buy! Don’t wait for our inventory to get lower or prices to get higher!


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