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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, according to RealtyTrac data. When mortgage rates rise, which they will surely do in 2014,…

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% ahead of last year’s pace, and a full 96% higher than those same months in…

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 the French. But the recent influx of Brazilians, Venezuelans and Argentines indicate our reputation is…

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 population by 2% per year, more than double the national average of just under 1%….

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, dropping to 6.2%. That marked the lowest reading since the start of the economic slowdown….

Looking to buy a Sarasota property on the beach near a golf course ?

Longboat Key is a great option for all lifestyles and price ranges. Beachfront homes or condos, canal/bay front or Golf course homes and condos for sale. Its your pick. Longboat Key Club Let’s not overlook the Longboat Key Golf Club as a golfing option simply because their expansion plans are still awaiting approval. In fact,…