TRI-COUNTY LUXURY MARKET INSIGHTS
TH I RD QUARTER 2022
Luxury Report TRI-COUNTY SARASOTA · MANATEE · CHARLOTTE
•
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.
•
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%