The just-published Premier Sotheby's Quarterly Market Report provides a solid overview of the status of the real estate industry in some of the most sought-after communities in the markets we serve in both Florida and North Carolina. This information is highly beneficial in making decisions and shaping conversations as you consider either an acquisition or a sale.
Highlights from the Sarasota region detail the volume and pace for specific communities ranging from Anna Maria Island and Bird Key to Bradenton and Lakewood Ranch. While the data is most valuable at the hyper-local level, one overall takeaway is that average sale prices are slightly down in the most affluent neighborhoods and up in the more accessibly-priced communities. This observation reflects the general tempo of the market in the last year, as luxury buyers have waited out the market dynamics, pressuring prices in their bracket downward as luxury sellers try to motivate activity, while those purchasing homes for full-time residential purposes are not able to wait on searching and purchasing.
