Sarasota Real Estate Blog

This week’s Sarasota Herald Tribune had yet another interesting article about Sarasota’s active real estate market-"Luxury Home Sales up 42% in Manatee, Sarasota and Charlotte Counties" specifically focused on the Sarasota and surrounding area Luxury Homes.

Here are a few highlights from the article:

• In Sarasota, Manatee and Charlotte counties, September sales in the $1 million-plus market increased 42.1% in September over August, and they were up a stunning 170% from a year ago.
• Pending sales (contracts that have been signed but not yet closed) in the luxury market were up 8% in September over August, and 77% from a year ago
• Sarasota County saw the biggest spike in $1 million + sales, up 26.7% in September over August, and 280% from a year ago.
• Sarasota County Pending Sales in the luxury market were up 18.8% over August, and 90% from a year ago. 
• The median price for luxury homes sold in Sarasota County was $1.28 million in September, up about 20 percent from a year ago.
• The median price for luxury homes sold in Manatee County was $1.82 in September, up about 40 percent from a year ago. 

   

 Sarasota and Manatee County Luxury Homes Sold

Here's a graphic showing the past year sales of luxury homes ($1 million +). The purple bar represents the number of luxury homes under contract for the two counties, and the green bar represents closed transactions.  

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