2022 | Q2 Luxury Market Report

Page 1

TRI-COUNTY LUXURY MARKET INSIGHTS

SECO N D QUARTER 2022

Luxury Report

• The luxury $1 million-plus market across our region remained active with more listings and closed sales compared to Q2 2021. • After a lengthy “seller’s market,” the luxury single-family home market transitioned to a “neutral market,” climbing from a 1.5-month supply of inventory to a 2.9-month supply – a 93.3% increase over Q2 2021. Luxury condominium inventory rose 53.8% year-over-year to 2 months from 1.3 months. • Year-over-year, single-family active listings jumped 144% to 735, while condominium listings went up 64.37% to 143.

TRI-COUNTY

• Closed sales were up overall, with single-family sales increasing 9%, and condominium sales falling 2.4%. Pending sales were up for both single-family and condos, 5.7% and 4.1%, respectively.

SARASOTA · MANATEE · CHARLOTTE

• Although fluid, the current luxury landscape across our region seems to be trending towards a more normalized market.

NUMBER ONE IN SALES VOLUME MARKET SHARE OF PROPERTIES OVER $1 MILLION | APRIL 1, 2022-JUNE 30, 2022 BROKER

Michael Saunders

TOTAL SALES VOLUME

MARKET %

$541,135,000

29.49%

CB Residential RE

$512,532,000

27.93%

Premier Sothebys Intl

$398,278,000

21.71%

8.20%

RE/MAX Alliance Group

$150,382,000

KW on the Water

$85,456,000

4.66%

KW Classic

$73,739,000

1.36%

Fine Properties

$48,420,000

4.02%

Berkshire Hathway HS

$24,874,000

2.64%

Sarasota, Manatee & Charlotte counties combined. All residential property types. ©2022 Trendgraphix


LU X U RY R E P O R T

S ECO N D Q UA RT ER 202 2

SARASOTA, MANATEE & CHARLOTTE COUNTIES SINGLE FAMILY HOMES | PROPERTIES OVER $1 MILLION | APRIL-JUNE 2022 VS. APRIL-JUNE 2021

TOTAL HOMES FOR SALE

2021

2022

301

735

LISTINGS UNDER CONTRACT

735 E 114.19%

CLOSED SALES

2021

2022

594

648

2021

2022

505

534

MONTHS OF INVENTORY*

534

2.9

E 5.74%

SELLER'S MARKET

AVERAGE DAYS ON MARKET

648 E 9.09%

2021

2022

72

28

28 G 61.11%

©2022 Trendgraphix

SARASOTA, MANATEE & CHARLOTTE COUNTIES CONDOMINIUMS | PROPERTIES OVER $1 MILLION | APRIL-JUNE 2022 VS. APRIL-JUNE 2021

TOTAL CONDOMINIUMS FOR SALE

2021

2022

87

143

143 E64.37%

CLOSED SALES

2021

2022

205

200

LISTINGS UNDER CONTRACT

2021

2022

170

177

MONTHS OF INVENTORY*

177 2

SELLER'S MARKET

E4.12%

AVERAGE DAYS ON MARKET

200

G2.44%

2021

2022

67

24

24 G64.18%

©2022 Trendgraphix

LUXURY AFFILIATE INTERNET TRAFFIC TO MS&C LISTINGS P Americas 95.5%

GLOBAL REACH Countries represented: 44

P Europe 3.4% P Asia .6%

Languages translated: 11 Currencies: 6 Based on the page views recorded in the 1st Quarter of 2022.

P Africa 0.3%

TOP 5 COUNTRIES

TOP 5 STATES

United States

Florida

Canada

Illinois

United Kingdom

New York

Spain

Virginia

Germany

Ohio


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