The Sarasota Real Estate Market will remain a seller’s market. I expect 2022 will be similar to 2021 but with less frenzy, but equal demand, continued high sales volume, more price escalation and continued competition.
The Sarasota Real Estate Market experienced yet another month of strong housing appreciation. As we move into what is normally our busier season, my expectation is that prices will continue their remarkable strength.
The year 2021 is likely going to finish with the highest volume of luxury transactions in the Sarasota Real Estate Market’s history. Luxury tiers between $1-3 million and above $3 million have reached a remarkable pace, causing inventory levels in the segment to fall dramatically and prices to rise.
Inventory is the Sarasota area’s dominating factor. Sellers are waiting for the peak tourist season to get underway, seasonal residents to return, and for the arrival of our European buyers who have been absent from our buyer pool for most of the last two years.
The Sarasota Luxury Real Estate Market segment has narrowed list-to-sale periods as well as list-to-sale prices, with May sales averaging 96% of list price. Inventory has fallen 40% making for a more favorable seller’s market.
What a special privilege to represent our dear niece and her beautiful family in purchasing their first home! After making offers on several homes they fell in love with, and with no success…this beauty in Laurel Oak came available and it is just perfect! We are so happy to welcome The Smith family back to […]
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