Data released by the Sarasota Association of Realtors suggests that property sales in Venice and Sarasota were beginning to pick up.

The data indicated that comparing January 2010 to the same time the year before, Sarasota property sales were up 58 per cent.

Pending sales, which are normally a good indication of how the market will perform in the coming months, have topped 800 for the first time since October 2009.

In January 2009, there were 683 pending sales compared to 815 in January of this year.

Venice showed similar sales increases, according to Trendgraphix. The number of closed property sales increased by over 35 percent in January 2010 compared to the same month in 2009. The number of pending transactions increased a by around 87 percent for the same time period.

Anyone looking to buy property in Florida may want to keep track of developments in the property market in order to seize the best opportunity to buy a home in the sunshine state.

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