TRI-COUNTY LUXURY MARKET INSIGHTS
FO U RTH QUARTER 2022
Luxury Report
• The area’s $1 million-plus luxury market shifted from a seller’s market a year earlier to a neutral market (3-6 months of inventory) in 2022, ending the year with a 4.1-month supply of single-family inventory and 3.5-month supply of condominium inventory. • Active listings increased significantly, with single-family homes on the market for sale jumping 70% and condominiums up 38%. • Closed sales for single-family homes rose by 1.6% for the year, while condominium sales dropped by 9.7% and pending sales decreased in both categories.
TRI-COUNTY SARASOTA · MANATEE · CHARLOTTE
• Average days on market saw a significant decline for the year overall, falling by 37% for single-family homes and 45% for condominiums, but there was an upward trend in days on market during the second half of 2022.
NUMBER ONE IN SALES VOLUME MARKET SHARE OF PROPERTIES OVER $1 MILLION | JANUARY 1, 2022 - DECEMBER 31, 2022 BROKER
TOTAL SALES VOLUME
MARKET %
Michael Saunders
$1,764,057,000
16.93%
CB Residential RE
$1,524,405,000
14.63%
Premier Sothebys Intl
$1,108,884,000
10.64%
RE/MAX Alliance Group
$397,487,000
3.81%
KW on the Water
$278,859,000
2.68%
Compass Florida
$224,876,000
2.16%
KW Classic
$188,701,000
1.81%
Fine Properties
$126,115,000
1.21%
Sarasota, Manatee & Charlotte counties combined. All residential property types. ©2022 Trendgraphix