The Sarasota Real Estate Market is on track for another healthy selling season, and heavily favoring sellers. There are ample ready, willing and able buyers seeking properties, but we need an improved pace of new listings to continue to meet demand.
Sarasota Real Estate Market data showed positive results with sales growth, total volume up, price appreciation and contracts signed steady with last year, indicating the months ahead will continue to see healthy conditions.
Consumer confidence is driving steady demand from buyers for both existing and new homes. The Sarasota Real Estate Market remains fundamentally strong allowing for more growth in the months ahead.
Sarasota Real Estate Market’s momentum of sales growth, increase in prices and tightening of inventory appears to be carrying on its spring season patterns. Strong pending sales will lead to continued market expansion in the months ahead.
Sarasota was #3 globally in the ranking of “Hottest” markets for second homes. Those of us fortunate enough to have practices serving the ultra-wealthy seeking properties in the Sarasota Luxury market know the many factors that this unique group weighs when choosing a primary or second residence. This report from Christie’s offers excellent insight into this high-value market.
Sarasota Real Estate Market demand is still outpacing supply in virtually all price points and housing segments. All of these market fundamentals suggest that our region will continue its steady expansion.
Sold for $3,450,000.00. Congratulations to my clients on the sale of their exquisite Longboat Key Bay front residence!
Congratulations to my buyer clients for their purchase of this spectacular Longboat Key waterfront home on an incredible site with more than 100 ft. of bay frontage. The 4,650 SF manse has 5 bedrooms, true chef’s kitchen, spacious master suite with direct bay views and so much more!
The Sarasota Real Estate Market had a strong spring selling season, with especially impressive activity in the luxury tier. Nearly 7% of all area sales were above the $1 million mark. With a good pace of pending sales underway, we anticipate steady growth into the summer months.
With the Sarasota Real Estate Market’s healthy economic conditions, attractiveness to buyers from communities around the country that are suffering from unfavorable tax conditions, our strong appeal to the international home buyer market, and the many quality of life benefits that Sarasota offers, I believe that our housing market will continue its spirited activity in the months ahead.