Luxury Market Report 2021 – Quarter 1
Sarasota, Manatee & Charlotte Counties
View the Michael Saunders & Company Luxury Market Report 2021 – Quarter 1
Across all three counties, the first quarter of 2021 reported the highest demand and lowest inventory in the luxury market in the last 15 years. Pending sales rose 2-3 times higher than the start of 2020, indicating both confidence in real estate as a sound investment and the demand for our year-round outdoor lifestyle.
- Driven by buyers from high-tax states like Illinois and New York, median sales prices also saw notable increases.
- Single-family homes continue to edge out condominiums/townhomes when it comes to buyer preferences
- Record sales at new resort developments, such as the upcoming Residences at the St. Regis on Longboat Key, indicate concierge-service blended with waterfront living will be highly sought-after in the year ahead.
Michael Saunders & Company, Sarasota’s Luxury Real Estate Leader.