Luxury is a Bargain in Sarasota These Days

Everyone knew it would happen, but no one was quite sure when. With Sarasota real estate selling at all time highs in 2004, real estate speculators and investors jumped in with both feet and commissioned some of the most beautiful luxury condos and homes in the state. Sarasota luxury homes are the epitome of gracious Florida living, featuring stunning views of pristine sandy beaches and azure ocean, and all the amenities that affluent investors wanted in their own residences. The Sarasota luxury market is fully stocked with everything from cozy beachfront cottages to high-rise condos with pools and fitness facilities for residents.

We all know what happened next. In the past two years, real estate sales have stalled. Just about every other day, we hear another discouraging story about the falling real estate market in Florida. But there's always a silver lining to every cloud. The two year stall seems to have put the brakes on new home prices that were spiraling out of control and the Sarasota market seems to be headed back up. June's figures show an 18% increase in Sarasota home sales overall. If you're looking for a luxury condo or single family home in Sarasota, this is the time to buy. The market is headed back up at a much more moderate rate, and the prices are as much as 25% lower than they were just two years ago. Luxury is always appealing, but when you can get it at bargain prices, it's a slice of pure heaven.