PRESENTATION OF THE CITY OF SARASOTA IN FLORIDA

 PRESENTATION OF THE CITY OF SARASOTA IN FLORIDA

The city of Sarasota in Florida is an ideal vacation destination.

First of all, because it boasts one of the most beautiful beaches in the world, called Siesta Key. Thanks to its inimitable sand and azure waters, this city, just a few kilometers from Tampa, stands out from the crowd.

To learn more, let's take a closer look at what makes this city so special.

The City of Sarasota by the Numbers

→ Population = in 2022 is 462,286 inhabitants in Sarasota County

→ Industry = the 3 largest employers:

1 – health care and social assistance,

2 – accommodation and catering

3 – Retail trade

→ Education = 93.7% high school graduate and 37.3% have a bachelor's degree or higher

→ Median household income: $56,093.00 which has been constantly evolving for several years.

→ Citizenship: In 2020, 90.8% of Sarasota city, Florida residents were U.S. citizens, which is lower than the national average of 93.4%.

→ Poverty rate: 15.6%

→ The unemployment rate is 2.40%. A particularly low and stable rate.

→ Health Coverage: 83.9% of the population of Sarasota, Florida has health coverage, including 29.2% on employee plans, 15.2% on Medicaid, 20.2% on Medicare, 17.5% on private plans, and 1.66% on military plans.

What you need to know

1- A notable public transportation service because it's particularly efficient. This is rather rare for American cities. This makes it easier for residents to get around.

2- The city is home to many large companies offering many employment opportunities, including: Sarasota Memorial Hospital, L-3 Aviation Recorders, APAC Customer Services, Capgemini, and The Zenith

3- The city has 15 public elementary schools, five public middle schools, and six public high schools, all operated by Sarasota County Public Schools. This school district has consistently earned an "A" grade (the highest) from the Florida Department of Education.

4- We can't talk about Sarasota without its beaches. One in particular. Siesta Key Beach is the most popular beach in the Sarasota area, and for good reason. Located a few miles south of the city, it has been named the best beach in the country in numerous polls. This beach contains quartz sand that is ground into a fine white powder. The feel of this sand is therefore incomparable.

5- Sarasota is a vibrant city that always has something interesting going on, whether it's a small flea market or the ever-popular holiday parade. There are many events throughout the year, including: Sarasota County Fair

, Taste of the Suncoast, Shark's Tooth Festival, Sarasota Jazz Festival, Sarasota Holiday Parade.

6- Times were tough during the 1970s recession, which led to the closure of many businesses in downtown Sarasota. However, the city began to prosper again in the early 1990s following a major economic shift. Today, Sarasota is recognized as having one of the most beautiful downtowns in Florida.

Sarasota, Florida Real Estate Figures

58% of Sarasota residents own the home they live in.

63.7% of them are owners through a mortgage loan.

The median sales price of homes sold in Sarasota is $480,000.

In July 2020, this same price was $324,500. We therefore see an overall increase of more than $150,000 over 3 years.

Regarding migratory flows in Sarasota, we see that the city is particularly attractive.

Since 37% of buyers are looking to leave Sarasota while 63% of buyers are looking to stay in the Sarasota metro area.

Buyers looking to purchase in Sarasota from other cities are mostly from New York, Chicago, and Boston.

Another major point to note is that, from a national perspective, the real estate market has experienced a slowdown due to the Fed's policies. Sarasota now appears to be a particularly active market, with homes selling after only 22 days on the market.