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