The newest entry into Sarasota’s collection of Ritz Carlton Residences in now offering pre-sales for the spectacular 20-story prime waterfront residential tower overlooking Sarasota Bay!
Following several months of what seemed like a softening of demand from luxury buyers, the upturn in The Sarasota Real Estate Market since the start of 2023 has been tangible. Sellers are also beginning to ease back in resulting in growth in number of new listings.
Prices in the Sarasota Real Estate Market are still climbing at double-digit pace, although they have slowed to a more sustainable growth rate. I expect with our continued high demand, that sales will strengthen as we enter our peak selling season.
Though the Sarasota Real Estate Market has cooled, there is great potential to sell well located and move-in ready homes and condos, as well as properties in prized locations that are a perfect site for a custom home.
Inventory in all price points is still at historically low levels, and demand remains high. Prices in our region continue to grow at a healthy pace, leading me to believe that The Sarasota Real Estate Market will stay stable during the bumpy economic months ahead.
As The Sarasota Real Estate Market normalizes, meaning that supply and demand gaps are narrowing, our market foundation is strengthening and key fundamentals stabilizing.
Stay informed on Sarasota’s Real Estate Business Environment and Sarasota’s Finest Properties events by joining Michael’s Subscriber List.
Extraordinary Properties
Unrivaled Expertise
Exceptional Results
michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228
EXTRAORDINARY properties
UNRIVALED expertise
EXCEPTIONAL results
Call or Email Now
michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228