I heard some more positive news about the real estate market yesterday. Michael Saunders and I spoke and she said that Sarasota market is picking up quite a bit. They just signed a six million dollar-plus contract yesterday morning. History shows that when Sarasota gets going, we are soon to follow. Also, she was just at a Christie's Great Estates retreat and the buzz there was that all of our feeder markets have also picked up. Many of our buyers in the US come from Canada, then the UK, followed by Germany and all of those sectors are looking harder here right now because they have repeatedly heard about the great values in Florida property. The northeastern markets are also picking up, which is good news for us. John Brian Losh from Regents / Luxury Real Estate agrees with Michael that beginning with our season we will come to a turning point. All in all, the luxury market is looking at a comeback year in 2011 and many of the top brokers are very optimistic.
Kelly Reark, ABR, TRC, e-PRO
Licensed REALTOR in the State of Florida
Gasparilla Properties, Inc., Boca Grande