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The Sarasota, FL real estate market is experiencing robust growth, driven by its appeal as a coastal city offering a high quality of life and a range of housing options. The market includes everything from waterfront luxury homes to more affordable single-family residences, making it attractive to a wide variety of buyers, including retirees, families, and vacation-home seekers. Sarasota has seen consistent price appreciation over the past few years, with a focus on new construction and high-end developments, especially in downtown and waterfront areas.
Sarasota's real estate market is competitive, particularly for homes in desirable locations near the beach or downtown. Buyers looking for prime waterfront properties or homes in popular neighborhoods like Lakewood Ranch often face bidding wars and higher-than-asking prices. Limited inventory, especially for luxury and mid-priced homes, keeps demand high.
Sarasota continues to attract both out-of-state buyers and international interest, with a significant number of new residents moving from northern states such as New York, Illinois, and Michigan. The city's warm climate, abundant recreational opportunities, and favorable tax policies are major draws. The trend of migration to Florida, accelerated by the COVID-19 pandemic, has sustained the growth in Sarasota’s real estate market.
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