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Sarasota
Sarasota is known for its outdoor amenities, beaches, and resorts. The Sarasota real estate market made several improvements in 2016. Home prices increased, along with appreciation rates. The unemployment rates have increased as well as the job market, which is promising for both homeowners and those investing in Sarasota real estate. These improvements have made the city one of the most affordable markets nationwide.
There are a few different strategies that would work well when investing in Sarasota real estate. Firstly, with the job growth, new residents are looking for long-term rental properties. Secondly, Sarasota has beautiful scenery and makes for a great vacation spot, which means short-term rentals could reap the benefits of tourism. Finally, the number of foreclosures increased by 54% from between September and October of 2016, although there was an over 9% decrease compared to October 2015. Those looking for rehab properties might be able to snatch amazing deals in this already-affordable market.