{"id":207825,"date":"2025-04-27T01:24:42","date_gmt":"2025-04-27T01:24:42","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/what-if-you-bought-a-home-ten-years-ago-in-sarasota\/"},"modified":"2025-04-27T01:24:42","modified_gmt":"2025-04-27T01:24:42","slug":"what-if-you-bought-a-home-ten-years-ago-in-sarasota","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=207825","title":{"rendered":"What if you bought a home ten years ago in Sarasota?"},"content":{"rendered":"


\n<\/p>\n

\n

There is an old saying – “Don’t wait to buy real estate. Buy real estate and wait.”<\/p>\n

How much equity would you have today if you bought in Sarasota roughly 10 years ago? Below are the average prices of homes & condos this year versus 10 years ago.\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n
\nAverage Close Price 2013<\/span><\/strong>\u00a0<\/span><\/td>\nAverage Close Price 2023<\/span><\/strong><\/td>\nMedian Sales Price 2013<\/span><\/strong><\/td>\nMedian Sales Price 2023<\/span><\/strong><\/td>\n<\/tr>\n
Siesta Key<\/strong><\/a><\/td>\n$654,172<\/td>\n$1,370,494<\/td>\n$482,500<\/td>\n$965,900<\/td>\n<\/tr>\n
Longboat Key<\/strong><\/a><\/td>\n$746,059<\/td>\n$1,673,081<\/td>\n$493,000<\/td>\n$1,100,000<\/td>\n<\/tr>\n
Casey Key<\/strong><\/a><\/td>\n$1,721,283<\/td>\n$4,701,767<\/td>\n$1,325,000<\/td>\n$2,850,000<\/td>\n<\/tr>\n
Bird Key<\/strong><\/a><\/td>\n$1,269,753<\/td>\n$3,546,560<\/td>\n$850,000<\/td>\n$3,000,000<\/td>\n<\/tr>\n
Lakewood Ranch (34202)<\/strong><\/a><\/td>\n$374,863<\/td>\n$1,074,072<\/td>\n$310,000<\/td>\n$795,000<\/td>\n<\/tr>\n
Palmer Ranch (34238)<\/strong><\/a><\/td>\n$293,420<\/td>\n$620,217<\/td>\n$293,420<\/td>\n$560,000<\/td>\n<\/tr>\n
Lido Key<\/strong><\/a><\/td>\n$933,375<\/td>\n$2,393,072<\/td>\n$591,125<\/td>\n$1,575,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Amazing increases in home prices and returns on investment (especially if debt was used). This is something to think about if you are looking for a vacation\/winter home. There are no guarantees that you will see these kinds of returns in the next 10 years. But, if I were a betting man, I would bet that we will see positive returns. Not to mention all of the amazing life and family experiences that a vacation\/winter home can provide.\u00a0<\/p>\n

Please contact us<\/a> at 941.822.0708 if we can assist you in finding a vacation\/winter home in the Sarasota, Bradenton, Lakewood Ranch, St. Petersburg, Clearwater areas.\u00a0<\/p>\n

\"Marc<\/p>\n

Marc Rasmussen<\/a>
Broker\/Owner of Corcoran Dwellings<\/p>\n<\/p><\/div>\n