TRI-COUNTY LUXURY MARKET INSIGHTS
TH I RD QUARTER 2022
Luxury Report TRI-COUNTY SARASOTA · MANATEE · CHARLOTTE
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The $1 million-plus luxury market shifted from a long-term sellers’ market moving closer to a balanced/neutral market year-over-year with a 77% increase in active listings.
•
In Q3, luxury single-family home inventory soared to a 5.2-month supply – a 93% increase, while condominium inventory reached a 4.5-month supply – a 67% increase, when compared to Q3 2021.
•
Active listings in Q3 also made significant gains with single-family homes for sale jumping 72% and condominiums for sale rising 41% over Q3 2021.
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Closed sales of single-family homes and condominiums were up 2.2% and 5.6%, respectively, while pending sales increased 13% and 45%, respectively, over Q3 2021. This demonstrates that there is good demand for well-priced and well-located luxury properties.
NUMBER ONE IN SALES VOLUME MARKET SHARE OF PROPERTIES OVER $1 MILLION | JULY 1, 2022-SEPT. 30, 2022 BROKER
TOTAL SALES VOLUME
MARKET %
Michael Saunders
$413,685,000
19.40%
CB Residential RE
$333,235,000
15.63%
Premier Sothebys Intl
$229,093,000
10.79%
RE/MAX Alliance Group
$69,565,000
3.26%
KW on the Water
$63,561,000
2.98%
Compass Florida
$59,816,000
KW Classic
$29,073,000
Fine Properties
2.81%
1.36%
$19,180,000
Sarasota, Manatee & Charlotte counties combined. All residential property types. ©2022 Trendgraphix
.90%
LU X U RY R E P O R T
T H I R D Q UA RT ER 202 2
SARASOTA, MANATEE & CHARLOTTE COUNTIES SINGLE FAMILY HOMES | PROPERTIES OVER $1 MILLION | JULY-SEPTEMBER 2022 VS. JULY-SEPTEMBER 2021
TOTAL HOMES FOR SALE
2021
2022
369
636
LISTINGS UNDER CONTRACT
636
E 72.36%
CLOSED SALES
2021
2022
407
416
2021
2022
359
407
MONTHS OF INVENTORY*
407
5.2
E 13.37%
SELLER'S MARKET
AVERAGE DAYS ON MARKET
416 E 2.21%
2021
2022
45
38
38
G -15.56% ©2022 Trendgraphix
SARASOTA, MANATEE & CHARLOTTE COUNTIES CONDOMINIUMS | PROPERTIES OVER $1 MILLION | JULY-SEPTEMBER 2022 VS. JULY-SEPTEMBER 2021
TOTAL CONDOMINIUMS FOR SALE
2021
2022
87
123
123
E41.38%
CLOSED SALES
2021
2022
90
95
LISTINGS UNDER CONTRACT
2021
2022
82
119
MONTHS OF INVENTORY*
119 4.5
SELLER'S MARKET
E45.12%
AVERAGE DAYS ON MARKET
95
E5.56%
2021
2022
68
37
37
G45.59% ©2022 Trendgraphix
LUXURY AFFILIATE INTERNET TRAFFIC TO MS&C LISTINGS P Americas 91.2%
GLOBAL REACH Countries represented: 39
P Europe 4.9% P Asia 3.3%
Languages translated: 12 Currencies: 1 Based on the page views recorded in the 1st Quarter of 2022.
P Africa 0.4%
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