Market Overview

Sarasota Real Estate Market for Luxury Properties Sizzles in October

The luxury home market segment looms as a bright spot which can drive the southwest Florida real estate market entering into the historical increase in activity of buying and selling during the winter months according to Sarasota Bay Real Estate.

Sarasota, Florida (PRWEB) November 24, 2012

The luxury home market segment looms as a bright spot which can drive the southwest Florida real estate market entering into the historical increase in activity of buying and selling during the winter months according to Sarasota Bay Real Estate. The full service real estate broker noted that sales of luxury residential properties, defined as those that are priced $1 million and above, picked up anew this October after two consecutive months of relatively slow turnover.

During the month, Sarasota Bay Real Estate noted that broker agents in Sarasota County sold 34 luxury homes worth a total of nearly $70 million, with each property fetching an average price of about $2 million. This total value was more than double that of September when 19 sales of luxury residences were posted and valued at a total of $34.2 million. This August, nineteen luxury residential properties were likewise sold and had a total value of $30.9 million.

The barrier islands of Siesta Key and Longboat Key are two hotspots for those in search of high-end Sarasota homes for sale, Sarasota Bay Real Estate reports. Some luxurious residences on the market can be found at Roberts Point of Siesta Key where available estate homes can have tag prices from $1.2 million to $2.5 million. Many condominiums in the island likewise offer multi-million dollar units as well as those that are in the mid-priced range, according to Sarasota Bay Real Estate which just this October listed a rarely offered Siesta Key condo villa at Gulf Haven and sold a unit at Peppertree this August. The spectacular Gulf views, pristine beaches, and proximity to Sarasota's downtown combine to mold the appeal of these communities to upscale home buyers.

Equally luxurious choices can be had at the twelve-mile-long island Longboat Key where Sarasota Bay Real Estate this August also sold a unit at the Islander Club condominium. Other select, high end properties in the island include the Longboat Key Club and Resort in a 410-acre site which hosts superb golf and tennis facilities. It is the only property development among Sarasota's barrier islands with a golf course. Top-listed residences in this upscale community range in price from $1.15 million to nearly $2.2 million. The Sanctuary condominium with sales-listed units priced at approximately $1.3 million–$2 million, and Beach Place which can have offerings in the $1.4 million range, are also among the many luxury options at Longboat Key.

Luxurious residential choices are as plentiful at the Sarasota downtown district where a short list of alternatives can be led by properties at the Ritz Carlton. Notably, SBRE owner and broker Christina Miller this spring sold a unit that she herself listed in this upscale condominium for $1.275 million. Choice units in the Ritz Carlton can have quoted prices of up to $4.5 million. Master planned developments like Lakewood Ranch and Palmer Ranch too have an array of luxury homes to choose from. Many of these can be found in the duo's gated golf communities where the residents are pampered with country club amenities that truly are definitions of luxury.

About Sarasota Bay Real Estate

Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide some of the highest quality real estate marketing services for the properties in the company's inventory. Sellers of Sarasota Florida real estate choose Sarasota Bay Real Estate due to their reputation of going above and beyond expectations when marketing properties located in the Sarasota-Manatee County areas as well as the company's vast Internet marketing reach. Sarasota Bay Real Estate Internet assets receive more than 1,000 visitors a day and this exposure contributes greatly to a property selling quickly and for the highest price. When property marketing strategies are paramount in sellers listing requirements, Sarasota Bay Real Estate is the clear choice in the Sarasota real estate market.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebsarasota-real-estate/market-trends/prweb10166697.htm

 

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