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A Look at the Luxury Real Estate Market

Michael Renick

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

May 11 3 minutes read

The latest luxury real estate market data 

is out and we'll break it all down for you!


Watch Mike's Real Estate Market Report to learn how to use this information to formulate your competitive advantage!


And for more great videos like this, check out our YouTube channel!

Sales

April 2020 is a Buyer's market*

Home For Sale in April 2020: 843 units.

Down 9.6% compared to last month

Down 15.3% compared to last year


Home Closed in April 2020: 72 units.

Down 17.2% compared to last month

Down 21.7% compared to last year


Home Placed under Contract in April 2020: 49 units.

Down 21% compared to last month

Down 43% compared to last year

Price

April 2020 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in April 2020: $495

Down 0.2% compared to last month

Down 10.2% compared to last year

Days on Market

April 2020 Average Days on Market trend Remains Steady*

Average Days on Market in April 2020: 124

Up 29.2% compared to last month

Down 13.9% compared to last year


April 2020 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in April 2020: 89%

Down 5.3% compared to last month

0% compared to last year

Months of Inventory

April 2020 is a Buyer's market*

Months of Inventory based on Closed Sales in April 2020: 11.7

Up 9.3% compared to last month

Up 8.3% compared to last year

All reports are published May 2020, based on data available at the end of April 2020, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Market Updates for other Local Communities:

Anna Maria   Bradenton   Casey Key   

Downtown Sarasota/Bird Key/Lideo Key

Lakewood Ranch   Longboat Key   Sarasota   Siesta Key

Venice

I would enjoy the opportunity to prepare your personal report:  No Obligation!

Reach out to Mike
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