Wednesday, March 02, 2005

Sarasota real estate is on solid ground for next decade

I am often asked if the Sarasota real estate market is going to flatten. My research says definitely" no". The Sarasota real estate market appears to be on very solid ground for the next decade. Here is some more information on the subject from the National Association of Realtors web site.

"Because the typical second-home buyer is a baby boomer, it's likely over the next decade that second-home sales will remain historically high," leery said.

"The boomers are still in their peak earning years and have both the wherewithal and the desire to purchase vacation homes and investment properties."

Ninety-two percent of all second-home buyers see their property as a good investment. In addition, 38 percent said it was very likely they'd purchase another home within two years, breaking down to 47 percent of investment buyers and 16 percent of vacation-home buyers.

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