As The Sarasota Real Estate Market normalizes, meaning that supply and demand gaps are narrowing, our market foundation is strengthening and key fundamentals stabilizing.
Among the most desirable markets, Sarasota is still considered a “value pocket”. Our region offers an enviable lifestyle at a good price, and luxury tier buyers are drawn with the expectation they are making a good investment.
I feel optimistic that the stabilizing prices, growing inventory, and continued high demand for purchasing properties in our region will result in a more normalized pace of activity in the fall and winter season ahead.
As long as demand outpaces supply, even with shifting market conditions, the region’s home price appreciation, pace of housing starts, and ample demand, will serve the Sarasota Real Estate Market well in the months ahead.
Custom-designed and built downtown Sarasota Penthouse at Rivo at Ringling where you will find this stunning one-of-a-kind penthouse condominium that takes modern living to the next level. This beautiful home is being offered at $3,200,000. This residence on the top floor offers spectacular panoramic city and bay views that span from one end of the […]
The new owners will certainly enjoy this direct Gulf front condominium with the most outstanding view in Longboat Key’s, The Water Club. SOLD for $3,850,000. Congratulations to my sellers who were delighted with the swift sale – under contract in 48-hours of listing.
February chalked up another month in the Sarasota Real Estate Market in which sales and contracts signed exceeded the number of new listings driving further price appreciation.
Sold to my buyers for $8,000,000.00, this elegant custom designed residence by famed architect, Clifford Scholz, is in the exclusive gated Lighthouse Point waterfront enclave of just 16 custom homes at the southern tip of Longboat Key.
Sarasota Real Estate demand remains robust, and I expect sales to continue at current pace with willing buyers ready to pay the price for their piece of paradise here, which will keep our market strong for the foreseeable future.
As 2021 wound down, activity remained brisk in the Sarasota Real Estate Market. At year-end, sales for all price points and all existing homes and condominiums increased 17.5% over prior year, inventory of properties for sale fell almost 40%, the price paid increased 27%, and listing prices jumped 50% from year-end 2020. In December, the […]
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Longboat Key, Florida 34228
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michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228