Sarasota’s even-keeled Real Estate Market and continued high demand, as evidenced by the total pending sales contracts signed in all price points in February exceeding prior month by 26%, should lead to sustained sales volume, prices, and balanced inventory over the next few months.
The Sarasota Real Estate Market now has the largest available inventory for sale in the last 10 years. But demand remains strong and market metrics are favorable.
The Sarasota real estate market has slowed a bit since 2023, but luxury home sales above $1 million have continued to exceed the past six years. Compared to pre-pandemic sales in 2019, high-end home and condo sales in 2024 nearly tripled, with only 2021 coming close during the peak of the COVID buying frenzy. Year-to-date, […]
Between Hurricanes Helene and Milton our region had significant damage and prolonged power outages in some areas, which impacted new listings, contracts signed, and closings in late September and through the month of October. Add to that the distractions of an intense election season, October’s Sarasota Real Estate Market remarkably maintained stability when compared to […]
More inventory in the Sarasota Real Estate Market is increasing the period from listing to sale allowing buyers the luxury of time to make their decisions, as well as more choices and negotiating power.
The May 2024 Sarasota Real Estate Market data had mixed activity with growth in the existing single-family segment and a slight dip in sales of condominiums. When combined however, sales were still stronger when compared to prior year. Across the U.S., according to the National Association of Realtors, May sales dipped almost 3% with the […]
With the inventory of homes and condos returning to a normalized level, buyers appear to be responding to the increase in choices, as evidenced by the growth in sales and contracts signed.
Listings in the Sarasota Real Estate Market have been steadily improving conditions to bring the market into better balance when it comes to supply and demand. Since a low in 2020 of 23 days on market for new listings, an unbelievable reduced inventory of just over 2 months supply, and nearly 68% absorption rate, a […]
With Sarasota Real Estate inventory in the $1 Million and over price points up 63% over prior year, sales growth of 76%, and new contracts signed increasing 89% in the luxury segment, we are moving into the new year with positive momentum.
Until now, the St. Regis Residences was sold out! This 5,320 square foot interior PLUS more than 10,000 square feet of exterior terraces including a private plunge pool and hot tub make this a one-of-a-kind opportunity!
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Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228