SARASOTA, FLORIDA, June 29, 2017 – Opportunities on career development and on growing a business, two factors contributing to the market health of Sarasota homes for sale, appear strong in the Manatee–Sarasota region, recent reports indicate.
CareerEdge Funders Collaborative, a non-profit focused on providing opportunities for better jobs and wages in the two-county area, reported that from its 2010 inception up to 2016, $10.1 million was invested in the region’s workforce development. This in turn resulted in the training of more than 4,000 workers and a $20.7 million increase in the annual earnings of area employees.
The nonprofit noted these are measurable impacts of the collaborative’s investments to strengthen the Florida Gulf Coast’s labor market and workforce development system, and move more low- skilled workers up the career ladder. One of the collaborative’s projects, the young adult internship program, also notably supported more than 90 local interns from 35 universities and colleges at 44 area employers in 2016.
Such superiority in educational training, meanwhile, helped propel the Manatee–Sarasota region as No. 1 in a study on the best cities in Florida for young entrepreneurs. Conducted by the personal finance website MoneyRates.com, the study also rated Charlotte County No. 7 on the list.
Besides educational attainment, the criteria for the ranking included the business tax environment, young adult affluence, and population growth rates. However, the affordability of Manatee and Sarasota homes for sale, which has yet to be adequately addressed in the region, was not weighed in the study.
Florida’s favorable tax environment, ranked fourth best in the U.S. by the Tax Foundation, is the common thread that raised Manatee and Sarasota in the MoneyRates ranking. The two-county area also emerged No. 1 as it was counted amongst the top in each of the other three parameters including a third-place ranking in adult affluence. According to MoneyRates, the region’s young adults are earning incomes good enough to be economic forces in the market and still have something left over for savings.
For many younger workers in the region though, attainable housing continues to be a debacle. The Young Professionals Group, a council of the Greater Sarasota Chamber of Commerce, in a survey last year found out that almost half of the respondents considered relocating from Sarasota because of the lack of Sarasota homes for sale that they can afford.
However, some indications are beginning to surface that young adults are beginning to make their presence felt in the Sarasota–Manatee region’s home market. A consumer research study that Lakewood Ranch commissioned recently to analyze its current and potential future buyers showed that the master development has begun experiencing a rise in millennial buyers starting in 2016.
Such an increase could be attributed to the wide range of Lakewood Ranch homes for sale now at lower price points. At Lakewood National expected to be completed this November, for instance, there are town-homes priced in the upper $100s, featuring two bedrooms and two baths within a floor area of 1,107 square feet. Boca Grove, an existing condo community in Lakewood Ranch also have some resale units starting at the $100s which are attainable for successful young professionals or enterprising millennials.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>