What is really hot in the Sarasota, Florida real estate market is the luxury market. In a recent Realtor.com report of the top 10 fastest-growing U.S. luxury markets nationwide, the Sarasota-Manatee market stood atop the list. Sarasota’s entry-level luxury price rose 19.1 percent year over year, reaching $993,000. Luxury prices are rising quickly as buyers from places like New York, Boston and Chicago realize there is a better bang for their buck available here.

Sarasota, Florida property taxes are also more reasonable than in the northern cities.  The lack of a state income tax is a big draw for luxury buyers moving to Florida.