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January 2014

Home prices post double-digit gains

Sarasota posted an 11.3% gain in median prices over 2012, while Manatee County median sales prices rose 16.2 %. Meanwhile, Florida wide median sales prices were up 16% for the year, by far outpacing the nation’s year over year increase…

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Cash buyers dominated the market

Cash sales of single-family homes and condominiums accounted for 64.5% of all transactions in Sarasota County in 2013. That figure was up from 48.3% a year earlier. In November, Florida actually led the nation in cash sales of single-family homes,…

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New home construction skyrockets

With inventory of existing homes remaining tight and buyer demand rising, new home construction was robust in our region. Through the first 10 months of 2013, the 2,581 new residential building permits issued in Sarasota and Manatee Counties were 45%…

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Foreign buyer interest spreading

Although 2013 figures are not yet in, one in five sales of Florida homes was to a non-resident foreigner the previous year, per the National Association of Realtors. Canadians remain as the leading buyers, followed by the Germans, British and…

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Population growth continues

  Florida’s population is now growing so quickly that the Sunshine State could soon overtake New York as the nation’s third most populous state. Florida’s economic momentum “begins and ends with net in-migration” claims Moody’s Analytics. Florida historically grows its…

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Economists bullish on Florida

Those economists who closely watch Florida are convinced that the state will lead the nation’s emergence from the Great Recession. That came after state government reported that the jobless rate in Manatee, Sarasota and Charlotte counties eased again in November,…

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