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%
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