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Real Estate in Sarasota Florida

Thinking of buying real estate in Sarasota Florida? If so, right now is a great time to be a buyer. Your timing couldn’t be better. Everything is on sale! Prices are down as much as 40% or more from the record home prices set during the boom years of 2004-2006.

2006 ushered in the first buyer’s market in years and it continues to be a buyer’s market in 2008 for real estate in Sarasota County.

Want to know some great reasons to buy real estate in Sarasota Florida NOW?

Well, I’ll get to those reasons in just a moment, but first, let your imagination take over for a few minutes and let me ask you a few questions.

Casey Key Beach HomeCasey Key Florida Beach House on the Bay

What kind of home are you looking for?

  • A cool retreat at the beach?

  • A starter home in a planned community like Palmer Ranch or Lakewood Ranch?

  • Or one in a private country club like The Oaks in Osprey, on a lush, green golf course from which you can see the ninth hole from your pool and lanai?

  • Or a condo with a community pool, clubhouse and workout room?

  • A second home or an investment property?

  • Maybe you’re an empty nester looking to downsize or retire to the warmer climate here in the Sarasota Sun Coast area and move into a trendy maintenance-free paired Villa or Town Home?

There's plenty of real estate in Sarasota Florida from which to choose!

Real Estate in Sarasota Real Estate in Sarasota Venice Florida

Florida Golf Course Home Sarasota Backyard Lania deck and pool

A few more questions:

  • Do you need to sell a home before buying and moving?

  • Is your present home on the market?

  • What’s your desired time frame for your new home?

  • Will you be moving from nearby or from across the country?

  • What’s your price range?

  • Are you interested in new construction or a resale home?

  • Are you paying cash, do you have financing lined up or should we get you pre-approved?

  • What features are you looking for in a home?

  • How many bedrooms and bathrooms?

  • Amount of square feet of living space?

  • What area?

Now that you’ve thought about the answers to those questions, let me tell you a little more about Real Estate in Sarasota Florida.


The Sarasota-Venice Real Estate market also encompasses the communities of Osprey and Nokomis, which are between Sarasota and Venice and close to Gulf of Mexico beaches and Sarasota beaches. And of course, the closer the home is to the water, the pricier it will be.

But, then, not everyone is looking for a beach house. You may be one of them. And if so, you’re in luck, because there are more homes, condos, town homes and villas for sale off the water than on the water here in the Sarasota-Venice Real Estate Market.

The home styles and designs are gorgeous and they can range from classy Mediterranean style mansions with beautiful barrel tiled roofs and beach front lanais looking out over the Gulf of Mexico, Sarasota Bay or the Intra-coastal waterway to sleek contemporary hideaways and what’s known as the traditional Florida Home, with tiled roofs and screen-enclosed lanais (porches).

When it comes to real estate in Sarasota Florida, there’s also a glut of new construction homes on the market as well as resale homes.

Whatever your desire, there’s a home style for you in Sarasota. And with prices ranging from under $100,000 for condos to multi-million dollar estates you should be able to find a home here in paradise.

Casey Key House on the bayReal estate in Sarasota home on the bay


Current Sarasota Real Estate Market Conditions:

As I mentioned above, 2006 rang in the first buyer’s market in years and it continues to be a buyer’s market in 2008 for Sarasota County Real Estate. Look at the trends in the tables below.

Sarasota County Real Estate Market Trends*

Sarasota County Jun. 08 May 08 Apr. 08 Mar. 08 Feb. 08 Jan. 08
Homes for Sale 7,074 7,350 7,763 7,935 8,030 7,975
Homes Closed 364 410 331 333 292 228
Pending Sales 370 373 379 354 344 269
Months of Supply 19.4 17.9 23.5 23.8 27.5 35
Avg Days on Market 148 146 146 144 152 149
Sold/List Price Ratio 89% 89% 89% 89% 89% 89%
Price Trend Depreciating Depreciating Depreciating Depreciating Depreciating  Depreciating

(* Trend information supplied by Trendgraphix. This information is a combination of both single family homes and condos.)

Venice, Florida Real Estate Market Trends*

Venice, FL Jun. 08 May 08 Apr. 08 Mar. 08 Feb. 08 Jan. 08
Homes for Sale 2,786 2,631 3,046 2,232 2,293 2,199
Homes Closed 122 160 116 133 83 53
Pending Sales 107 179 186 167 113 88
Months of Supply 22.8 16.4 26.3 16.8 27.6 41.5
Avg Days on Market 136 135 137 136 186 137
Sold/List Price Ratio 89% 91% 92% 90% 90% 88%
Price Trend Depreciating Depreciating Depreciating Depreciating Depreciating  Depreciating

(* Trend information supplied by Trendgraphix. This information is a combination of both single family homes and condos.)

Sarasota Real Estate on the intracoastal

Why Buy Real Estate in Sarasota Florida Now?

If you’re waiting for the media to tell you to buy, you may miss your chance. There may never be a better time to buy real estate in Sarasota Florida than right now. Why?

A Dozen Good Reasons to Buy Real Estate in Sarasota Florida Right Now!

  • It’s currently a buyer’s market

  • Historically low interest rates – near 40 year lows -- In 1987, the 30-year fixed rate was 11.36% today, in 2008, it is about 6%!

  • Large Inventory and outstanding selection from which to choose

  • Real Estate continues to be a Great Investment – over 60% appreciation over the last 5 years in Florida

  • 4.9 Million International visitors come to Florida annually

  • Florida had the highest U.S. migration trend because of warm weather, with 1,057,000 incoming residents from 2000 – 2005. It will not stop

  • Florida’s population is growing twice as fast as the national average and will double by 2040

  • Sarasota has great potential to create First-Mover Advantage (First to open a business in any segment generally does better than latecomers)

  • Sellers are apt to negotiate

  • Owning is still favorable to renting

  • Not owning postpones wealth accumulation

  • Impending rising demand will push prices up

One More Reason to Buy Real Estate in Sarasota Florida Now:

Florida Property Tax Reform

Florida adopted a major property tax reform measure in January, 2008 that calls for an additional $25,000 homestead exemption applied to the assessed home value above $50,000, and is effective for the first time in 2008.

Another change to the property tax code creates “portability” of accumulated Save Our Homes (SOH) benefits for homeowners who move from one homestead property to another. This law is retroactive to Jan. 1, 2007. Homeowners may transfer their SOH benefits to a new homestead in Florida within two years of leaving their former homesteads.

This means if you sold your home in 2007, you can transfer your SOH benefit to a new homestead if you establish the homestead by Jan. 1, 2009.

Casey Key Bayfront homeSarasota Real Estate backyard Lanai



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Buying Real Estate in Sarasota Florida and choosing a licensed, Sarasota Real Estate Professional

Real Estate agent in Sarasota I'm John Dial and as a Sarasota Real Estate Professional and REALTOR with Coldwell Banker Residential Real Estate, I would be happy to work with you to find the home in the price range and location you want.

As a Florida Licensed REALTOR I have access to all of the MLS real estate listings in Sarasota and beyond.

Simply fill out the form below or click on this link, (which will open a new browser window on your computer screen) www.dial4homes.com to go to my real estate web site where you can search through thousands of homes for sale that come from the Sarasota, Venice and Manatee county MLS as well as the entire state of Florida MLS (multiple listing service). Real Estate in Sarasota Florida and the surrounding communities comes in all sizes and price ranges and from the link above you can search for the home of your dreams.

From my real estate web site you will be able look at thousands of homes currently for sale. Just click on this link www.dial4homes.com. If you find something of interest, simply click on the “contact me” link and send me an email with your questions and I’ll be happy to get an answer for you.

Or simply fill out this form with as much information as possible so I may be able to better serve you and help you find the right home at the right price in the location you want. It's an easy way to find real estate in Sarasota Florida that you may be interested in taking a closer look at.

Buyer Information
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What kind of property?*
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