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Friday, July 12, 2024

What for those who purchased a house ten years in the past in Sarasota?

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. 

Common Shut Worth 2013  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. 

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. 

Marc Rasmussen

Marc Rasmussen
Dealer/Proprietor of Corcoran Dwellings

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