Sarasota Ready for Brisk Season based on Positive BP Gulf Oil Spill and Interest Rate News
While interest rates remain at historically low levels, and the BP oil spill has been contained, Sarasota is pushing closer towards a rapid seasonal rush on Sarasota real estate.
Sarasota, FL (PRWEB) August 19, 2010
The news for Sarasota keeps getting better and better. The popular city on the Gulf of Mexico has always enjoyed a reputation as an exciting cultural, artistic and business haven, situated on one of the world's top beaches and most beautiful waterfronts.
Although originally hard hit by the downturn, Sarasota (http://seesarasotalive. com) is pushing closer and closer toward a rapid seasonal rush on property. Sales continued to climb in June and July and all indicators point to a continued stabilization of the Sarasota real estate market. Well priced properties are moving off the market quickly, generating bidding wars not seen for several years.
This summer, the question of the effects of the BP oil spill seemed to put the brakes on the momentum. But now that the BP oil spill is contained, the expert consensus is that the famous white sands of Siesta Key (http://seesarasotalive. com/siestakey. php) will remain pristine and oil-free. In fact, Sarasota residents have reported one of the best summers ever, with crystal clear water and mild temperatures. With the fate of the majority of other Gulf shore beaches uncertain, Sarasota's desirability has increased tremendously.
Prices along this world-famous stretch of beach are at remarkable levels, prompting the International Property Journal to report that Sarasota is the best real estate value in the Western World (IPJ, July 2010). The national and international communities are taking notice, and it is expected to spur on sales as season rapidly approaches. Sarasota real estate (http://truesarasota. com), always a popular investment choice, is currently the darling of much of the world.
Interest rates remain at historically low levels, making the financing side of the equation as desirable as the properties themselves.
Clean beaches, low interest rates, low prices and international acclaim all point to a robust sales season for Sarasota real estate (http://truesarasota. com), and the city is well positioned to see a healthy recovery.
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