An excerpt from Builder Online magazine gives a bright forecast for the housing market in Sarasota, FL. Placing #9 on the list of 20 healthiest housing markets for mid-2011, the magazine feels it is a great place to relocate or invest.
“9: Bradenton-Sarasota-Venice, Fla.
Health Index: 79.5
2011 Population Forecast: 697,300
2011 Total Building Permit Forecast: 789
2012 Total Building Permit Forecast: 1,373
Sarasota, a seaside metro area with affordable housing stock, is one of three Florida markets to make our top 20. The area is south of Tampa Bay and North of Fort Myers.
Though permit activity nosedived last year, it regained forward momentum this year on the strength of a pick-up in the multifamily market. Most of the permit activity is in Manatee County, which was up strongly in the first half of the year. Pulte, D.R. Horton, and Lennar are active in Sarasota, along with local powerhouses Neal Communities and Lee Wetherington Homes.
Local real estate agents, whose blogs might have you believe there was never a housing recession here, will be happy to hear that homes prices are expected to rise 2.8% next year on the strength of some of the strongest employment growth on a percentage basis (3.7%) in the country.”
Call Joyce Marie Steward, Broker, today for information on homes and prices in the Sarasota area. 954-472-5335