Figures just released by the Sarasota County Property Appraiser's office puts new construction for all of 2009 at $137 million. Putting the 2009 figure in terms of 1988 dollars lowers that figure to $74 million.
http://www.heraldtribune.com/article/20100531/ARTICLE/5311019/2117/REALESTATE?Title=2009-new-construction-75-percent-below-previous-20-year-low
Steve Eckhardt, Broker, Luxury Real Estate Professional
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Yikes, Steve. Pretty sobering numbers. Thanks for keeping us informed.