Sarasota’s Real Estate Market Is Getting Stronger

Posted by Andree Huffine, PA on Thursday, June 25th, 2020 at 5:44pm.

 

We have had quite a unique start to 2020 across the globe. We’ve seen 
some unprecedented events. However, here in Southwest Florida, the 
real estate market is already showing very strong signs of thriving.

“It did not stop, but it dropped fairly dramatically,” David Clapp, 
President of the Realtor Association Of Sarasota & Manatee, explained 
to WWSB7 local news. One major factor that has helped boost the 
housing market in Sarasota has been the addition of virtual open 
houses. Virtual walk-thru’s and open houses may even become a gold 
standard in the near future—a luxury many Realtors and home-buyers on 
this coast have gladly relished. In addition to this virtual luxury, 
mortgage rates have remained low, helping buyers (especially first 
time buyers) with purchasing power.
The confidence in buyers has been on the rise in the past couple of 

weeks. Not only are buyers back in the market, but construction of new 
homes has also been seeing signs of rebounding. Experts are estimating 
that within six months we’ll see more and more building permits 
getting approved plus the market be sky-high. Out of state buyers are 
also flocking in droves continuing through the first half of 2020.

Compared to other parts of Florida this summer, Sarasota’s economy as 
a whole has been better than many parts of the state of Florida. Many 
other industries have shown signs of steady numbers despite current 
events within our country’s economy. This is all incredibly positive 
news for the state of Sarasota’ economy and positive outlook for the 
real estate market in Q3 and Q4 2020.

Southwest Florida is an incredible place to live—this much is certain. 
Yet, the vast rebounding of the real estate market is attracting even 
more people to the Sunshine State. If you’re considering a change of 
scenery in 2020, let Southwest Florida be your new home.

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com