The first day of March has arrived and with it, two major closings on behalf of distinguished buyers. These sales are representative of the escalating luxury purchase trends that are happening throughout Sarasota's residential market. On Westway, a $5.8 million waterfront purchase characterizes the privacy-seeking preference of elite buyers. And on Bay Shore Road, award-winning design won over our buyers seeking an ultimate upscale retreat with the distinctive modern style of the Sarasota School of Architecture. With very different styles in different neighborhoods, these luxury homes still share the common thread of belonging to a limited inventory of high echelon homes. As the market's inventory tightens, leveraging strategy in both search and transaction is critical for buyers.
Congratulations to the sellers and to the new owners of these exquisite properties! Stay tuned as more closings are on the March calendar and, as always, let us know of any questions as you seek advantage in this market.