An upward, seemingly unstoppable trajectory in growth is seen everywhere we look in Sarasota. The national online insurance marketplace, Insurtech, reported that new units built in our metro area—which includes Sarasota and Manatee counties—increased by 24% between June, 2022, and June, 2023, and that our population increased nearly 7% between 2020 and 2022. For comparison, the national rate of population increase was 0.6%.
Our metro area reported the greatest number of new residential units in the country, with 218.37 under construction for every 100,000 residents. In the last year, eight projects in downtown Sarasota were approved, bringing 573 residential units and 3,692 square feet of financial institution space. Additionally, there are 14 projects within the downtown and major corridors—that is, Fruitville Road, U.S. 301 and U.S. 41—that are under construction. Within the city and those major corridors, there are also 14 projects under review and pending site plan approval.
If you are looking to relocate to your ideal neighborhood, find a vacation home, or transition out of your current residence, let’s review your options. Call me, with over $98 Million sold and pending in 2023, I can help you locate or list your residence in one of the best places to live in the country.
