Luxury Homes For Sale Sarasota Florida
There are 308 luxury homes for sale in Sarasota Florida on November 8, 2013. The average list price is $2,737.838, the minimum list price is $1,025,000 and the maximum list price is $14,900,000. The average list price per square foot is $638, the minimum list price is $184 per square foot and the maximum list price is $2,775 per square foot. The average days on market was 236.
There are 40 luxury homes pending sale in Sarasota Florida for the same period. The average list price is $2,068,422, the minimum list price is $1,037,500, and the maximum list price is $7,900,000. The average list price per square foot is $515, the minimum list price is $58 per square foot and the maximum list price is $2,295 per square foot. These homes were on the market an average of 202 days with the shortest market time of 0 days and the longest market time of 987 days.
There have been 34 luxury homes sold in the last 90 days in Sarasota Florida. The average list price for the luxury homes sold during this period was $1,773,460, the minimum list price was $1,085,750, and the maximum list price was $3,750,000. The average sold price was $1,639,774, the minimum sold price was $1,070,000 and the maximum sold price was $3,725,000. The average sold price per square foot was $471, the minimum sold price was $224 per square foot and the maximum sold price was $1,049 per square foot. The average list price to sold price ratio was 92.46%. The average days on market was 119, the shortest days on market was 0, and the longest days on market was 1,169.
With 34 luxury homes in Sarasota Florida selling in the last three months, or 11.3 luxury homes per month, with 308 luxury homes currently on the market there is a 27.26 month inventory of luxury homes for sale in Sarasota Florida. Industry experts suggest that 6 months of inventory is where the market is balanced. More than 6 months, it's a buyer's market and less than 6 months, it's a seller's market.
Real Estate Market Trends In Sarasota Florida
Luxury homes for sale can be found in almost all the zip codes in Sarasota Florida. The gauges below reflect current market conditions in Sarasota overall. Because the gauges are updated automatically, they may show more current information than the point-in-time information contained in this real estate market report. The needles on the gauges point to this month's metric and the dials start at the five year low and stop at the five year high. Where the dials change color, that marks the average over the five year period.
Find Luxury Homes For Sale in Sarasota Florida
Owning a luxury home is about the lifestyle. Overwhelming square footage is out and lifestyle amenities are in, from a garden oasis to a separate guest house. It is also about what the area has to offer in the way of indoor or outdoor activities and experiences. Luxury buyers can find can find an excellent choice of multi-million dollar homes, townhomes and condos for sale in downtown Sarasota, at the beaches at Siesta Key, Lido Key, and Longboat Key, or the surrounding areas. While it is true that homes with Sarasota Bay, skyline views or coastal waterfront retreats can be very expensive, there is an excellent selection of homes in Sarasota that will satisfy the most demanding and discriminating buyer's lifestyle. From sun, to sand, to sea Sarasota is the perfect global location when it comes to enjoying cultural events, dining, shopping, golfing, fishing, boating and beaches.
Do you need help buying or selling a luxury residence? If so, email me or call me at 941-870-4141. Are you wondering what your luxury residence is worth? Request a no-obligation real estate market analysis. Just looking? Then visit Luxury Homes For Sale Sarasota Florida.
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Luxury Homes For Sale Sarasota Florida Market Update 2013 10
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