Anyone currently investing in the Sarasota/Bradenton, FL area?

[Scott R.]

Hi everyone!  My wife and I are trying to break into real estate by purchasing a small condo or duplex in Sarasota or Bradenton to rent out.  However, the housing marking in the area seems extremely high right now and appears to be going higher.  Units that used to cost 50-60K are now going for 120-130K.  150K houses are now going for 230K or higher.

From all we've read it seems like a good time to hold tight and save for when it stabilizes.  But we also don't want to miss any opportunities.  Has anyone else experienced this or live in an area that seems to be skyrocketing?  

Thanks in advance for any advice!