There’s an previous saying – “Do not wait to purchase actual property. Purchase actual property and wait.”
How a lot fairness would you’ve gotten as we speak for those who purchased in Sarasota roughly 10 years in the past? Beneath are the common costs of properties & condos this yr versus 10 years in the past.Â
| Common Shut Worth 2013Â | Common Shut Worth 2023 | Median Gross sales Worth 2013 | Median Gross sales Worth 2023 | |
| Siesta Key | $654,172 | $1,370,494 | $482,500 | $965,900 |
| Longboat Key | $746,059 | $1,673,081 | $493,000 | $1,100,000 |
| Casey Key | $1,721,283 | $4,701,767 | $1,325,000 | $2,850,000 |
| Hen Key | $1,269,753 | $3,546,560 | $850,000 | $3,000,000 |
| Lakewood Ranch (34202) | $374,863 | $1,074,072 | $310,000 | $795,000 |
| Palmer Ranch (34238) | $293,420 | $620,217 | $293,420 | $560,000 |
| Lido Key | $933,375 | $2,393,072 | $591,125 | $1,575,000 |
Wonderful will increase in house costs and returns on funding (particularly if debt was used). That is one thing to consider in case you are searching for a trip/winter house. There aren’t any ensures that you will notice these sorts of returns within the subsequent 10 years. However, if I had been a betting man, I might wager that we’ll see constructive returns. To not point out all the superb life and household experiences {that a} trip/winter house can present.Â
Please contact us at 941.822.0708 if we will help you to find a trip/winter house within the Sarasota, Bradenton, Lakewood Ranch, St. Petersburg, Clearwater areas.Â
Marc Rasmussen
Dealer/Proprietor of Corcoran Dwellings
