Sarasota/Charlotte County Luxury Property Update May 2010
Luxury homes sales in the Sarasota and Charlotte Counties for 2010 are promising. We are seeing a increase in properties going under contract, healthy increase in the number of properties sold and a steady decrease in the amount of properties available for sale, all indicators that the luxury real estate market is slowly headed towards a recovery. The numbers of luxury properties available for sale are declining, from 1058 properties in May 2009 to 839 properties in May 2010. Pending sales have increased almost 7% with 30 properties under contract. Closed sales increased from 26 properties in May of 2009 to 36 properties sold in May 2010 up over 38%.
Luxury Home Statistics
- 839 properties available for sale over $1,000,000
- Highest listed property, $18,000,000
- Average listed property $2,279,444
- Median listed property $1,675,000
- 36 properties sold listed for over $1,000,000 in May of 2010
- 25 properties sold between $906,750 to $2,000,000
- 5 properties sold between $2,000,000 to $3,000,000
- 4 properties sold between $3,000,000 to $4,000,000
- 1 property sold for $4,950,000
- 1 property sold for $6,425,000
Serving customers in Venice Florida, South Venice, Osprey, Nokomis Florida, Casey Key, Manasota Key, Englewood Florida, Rotonda West and North Port communities. Call me to list your home for sale, answer questions regarding steps you can take to AVOID FORECLOSURE or answer any general questions you may have about real estate.
Contact me by email at Kari@KariBattaglia.com. Need information fast, call me direct at 941-270-1851. Copyright©2011 by Kari A. Battaglia. All Rights Reserved.
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