Builder Magazine just published an interesting article on the top 20 healthiest housing markets in the country. Only 3 of the 20 markets are in Florida and you guessed it, Sarasota / Bradenton is one of the three.
The article is based on data from Moody’s Economy.com. It reviews a host of factors including job growth, building permits, resales and more.
Bottom line, they are predicting that the Sarasota / Bradenton market will appreciate 2.8% in 2012. WOW. That is great news.
Now we all know builders are cut from the overly optimistic side, so let’s temper that projection and assume it is only half right. Who cares. Any appreciation would be fantastic.
Note that this does not mean your house will appreciate 2.8%. It means to average for our overall market will increase. Individual homes will still be impacted by the supply and demand for a particular location, product and price point. There may still be some product categories that actually reduce in value while others increase even more than 2.8%. It is all about supply and demand.
And of course we will still be impacted by short sales and foreclosures. I have actually seen an increase in the number of foreclosure filings in my primary market neighborhoods in the past 3 months, so those will continue to be a drag on pricing for the next couple of years.
But the message is still positive. Sarasota / Bradenton is in high demand. People want to move here. To review the full article just go to
Craig Cerreta
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