October marked the first month of the year in the Sarasota Real Estate Market in which most of the data reflected a moderation in activity. There were still plenty of areas to celebrate the region’s continued growth, so as our peak selling season gets underway, I believe the market is well positioned for improved sales, prices and more balanced inventory conditions.
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 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.
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