Sarasota Home Prices Rebound 9.5 Percent
Home prices here is Sarasota and Bradenton have increased 9.5% from March to April of 2009, according to the Sarasota Association of Realtors and reported in an article in the Sarasota Herald Tribune this morning. See link below.
This is great news for the real estate market here in Sarastoa and Brandenton but also great news for the local economy as a whole. As a result the median sales price up $20,000 from the February low. Some want to be cautious saying that more foreclosures as adjustable-rate mortgages rest in higher payments at the same time more people are losing their jobs may could turn our recover around. But they aren’t taking into account that fact that this is Sarasota. Most likely the most desired place to live in the country. People will buy up those foreclosures as they have already this year and the market will continue on this current course of recovery. You can take that to the bank.