Real estate in Sarasota-Manatee, as in much of Florida and across the U.S., has went through a dramatic change in a remarkably short period. The area’s long-overlooked luxury segment has taken off, drawing new buyers who see bargains on the less crowded Gulf coast. In the Sarasota area’s real estate scene, where the median home price has shot up to $500,000 amid a scarcity of homes for sale, real-life flippers have found it exceedingly difficult to stay in the profession. When they do find a property where the numbers can work, supply chain issues have pushed the cost of building materials higher than ever — eating away at potential profit. or its desirability, quality of life, and cost of living, Sarasota was named one of the best places to live in the country by U.S. News & World Report. The annual rankings, released this week by the media company, put Sarasota at No. 9 on a list of the 150 best places to live in the country, making it the only Florida city to land in the Top 10. Looking to buy or sell in real estate in the Gulf Coast of Florida, Call me directly at 954-376-2129 or send me an email [email protected]
