Offering our clients advanced knowledge of Sarasota's market dynamics is an essential part of the advantage that we offer to both sellers and buyers. Understanding the trends at every price point and in every neighborhood informs our strategic advice for preparing and pricing a listing, and for buyers, informs how we navigate successful contracts.
The year-end and year-to-date trends are illustrating that we are in a different era than what we had gotten used to over the last two years, especially in the ultra-luxury price bracket. While there is a sustained trend of rising values in Sarasota and our market's residential growth has contributed to strong demand, there has been a significant downshift in urgency, leading to much longer transaction times across the region and leading many sellers to reduce their original list prices. While sellers who have not calibrated their expectations to this normalized pace are expressing frustration at the length of time their properties have been on the market, the current reality is that days on market have doubled from their average at this time last year and are now aligned with their pre-pandemic standard.
Click through our detailed market analysis below and click here to reach out with any questions or to request a consultation.
