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.
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.
The Sarasota Real Estate Market had a strong spring selling season, with especially impressive activity in the luxury tier. Nearly 7% of all area sales were above the $1 million mark. With a good pace of pending sales underway, we anticipate steady growth into the summer months.
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