Myrtle Beach and Sarasota Real Estate Markets Improving in Late 2009

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As the summer crowds start to wind down in Myrtle Beach, Sarasota Florida sees their season start to arrive in full swing. Learn more about the Myrtle Beach and Sarasota Florida real estate markets and see how agents there view the fall of 2009 for real estate sales and vacation rentals.

After several months of improving real estate statistics from the Sarasota MLS, buyers of all types of properties in Sarasota are headed back into this market.

As the summer crowds start to wind down in Myrtle Beach, Sarasota Florida sees their season start to arrive in full swing. Learn more about the Myrtle Beach and Sarasota Florida real estate markets and see how agents there view the fall of 2009 for real estate sales and vacation rentals.

Fall in Myrtle Beach, SC always means the end of summer crowds and traffic jams. When school starts the family resorts slow to a crawl, and the winter rental reservations begin. Retirees from Canada and northern states in the US will now flock down to stay for several months at the time. Golfers return, and Myrtle Beach golf condos see more interest.

Winter rentals bring a new kind of sales inquiry, and although the summer rush in real estate sales will end, golf properties and residential homes will rise. "Snow Birds", as we call them, often look for Myrtle Beach pet friendly condos, and resorts that offer indoor pools and bargain prices. Rentals are lower than any other time of the year. As prices have pretty much bottomed out over the summer, this may be the last best chance to buy a condo or home at a rock bottom price. Anyone who has considered buying that dream vacation home will find no better time than right now in Myrtle Beach.

As the winter season approaches, Sarasota real estate sales and activity are poised to pick up even more. "After several months of improving real estate statistics from the Sarasota MLS, buyers of all types of properties in Sarasota are headed back into this market," reports John Allen, Broker of Allen Real Estate Services, Inc.

Sarasota, Florida's fabulous warm climate and cool Gulf breezes have drawn retirees, families relocating to a more relaxed lifestyle and real estate investors for decades. Reduced prices, low interest rates and a great selection of homes and condos for sale have combined to form the perfect buying opportunity. Although mortgage rates have increased slightly, they are still near record lows.

The real estate market in Sarasota has continued to show signs of improvement. July 2009 total unit sales in Sarasota were up 29% over 2008 levels according to recent statistics released by the Sarasota Association of Realtors. In addition, home and condo inventory levels have been declining steadily. Inventory levels are at three year lows.

The waterfront barrier islands of Casey Key, Siesta Key, Bird Key, Lido Key and Longboat Key Florida are seeing increased activity on all of our websites. "Sarasota Property inquiries as well as showings are up across the board considerably from last year," reports Annette Ashley Smith, also with Allen Real Estate Services, Inc. Sarasota is all about waterfront lifestyles and Sarasota waterfront homes are again in demand as Paradise rekindles a brisk real estate atmosphere.

Whether you prefer Myrtle Beach or Sarasota now may be the best time to explorer the real estate market. Mortgage rates are near all time lows, prices are reasonable and there is a good selection of inventory. These conditions will not last forever. With many baby boomers poised for retirement, long term growth markets like Myrtle Beach and Sarasota can offer a fabulous lifestyle as well as the potential for a great long-term investment.

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John Allen
Allen Real Estate Services, Inc.
(941) 544-6467
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