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Vacation Home Buyers Flock to Sarasota—Here’s Why

Buildings Boat to Beach in Sarosota

A 2020 ranking put Sarasota among the top 3 most popular destinations for vacation home buyers. Counting the top 15, neighboring Manatee County made it in the list too, emerging at the
14th spot.

This ranking was based mainly on the growth of mortgage applications that for Sarasota manifested in a 5 percent gain. Another benchmark used was the median sale price increase that for Sarasota rose 16 percent in 2020 compared with 2019. In 2020, Sarasota posted a median home sale price of $324,571, up from $280,498 in 2019.

Welcome warmth for northerners

There are plenty of reasons why buyers choose to buy a second residence or a vacation home in Sarasota despite a significant increase in its residential prices. The warm tropical Florida climate of Sarasota is one main attraction for these buyers, especially for those coming from the north where winters are long and cold.

Besides being a warmer locale where temperatures typically range from 53°F to 90°F year-round, Sarasota also attracts homebuyers for the following reasons:

  • Charming small-town feel. The city of Sarasota retains its small-town ambiance largely because of its lower population density as compared with other major U.S. urban centers.
  • World-famous beaches. Sarasota and her islands take pride in their pristine beaches. The crown jewel of the local coastline is Siesta Key Beach which has been named several times as the world’s best. The immaculate white sands of Siesta Key’s shores are also replicated in other Sarasota beaches, such as those in Lido Key and Longboat Key.
  • Exciting water-based activities. The waters of Sarasota and her islands offer a wide selection of water-based recreational pursuits. These include fishing and sailing, with major events on these activities also regularly held by local interest groups.
  • Inspiring arts and culture. Sarasota has earned the bragging rights as the “Cultural Coast of Florida.” Its opera house, theater, live music performances, film and art festivals helped form the backbone for this prestigious moniker. Sarasota’s popular museums, like the iconic John and Mable Ringling, greatly contributed as well.
  • Lively sports centers and parks. Sarasota is home to a rich mix of sports and recreational centers. These include several golf courses that contributed not only to the development of golf in the U.S. but also helped in developing many residential communities in Sarasota. For other recreational activities, residents and visitors of Sarasota have a great selection of local parks and nature preserves to choose from.
  • Eclectic shopping and dining venues. Commercial and business hubs are plentiful in the Sarasota area. With the many choices for shops and restaurants already in the Sarasota downtown area, there are more options at St. Armands Circle, just west of downtown as well as University Town Center (UTC) Mall where you can find shops such as Apple and Lilly Pulitzer.
  • Dynamic real estate market. A vast array of choices await prospective buyers of vacation homes in Sarasota. In addition to single-family homes and townhouses, buyers have options on condos on the waterfront or downtown. The Judy Kepecz-Hays Team has multiple listings from Longboat Key along the coast to Lido Beach and downtown Sarasota including The Beach Residences on Lido Beach. For a downtown choice, check out our Team’s listing at the Plaza at 5 Points, at the heart of the City with beautiful sunset water views.