Excitement was in the air as over 100 attendees gathered to hear the latest updates from Mark Wilson, President of London Bay Homes and Michael Timmerman, Senior Analyst at Fishkind & Associates about Southwest Florida luxury real estate and The Founders Club in Sarasota.
Market momentum is building and sales statistics from January 2012 reveal the following localized trends for luxury properties over $1 million in Sarasota County:
- January 2012 sales up 25% compared with January 2011.
- January “pendings” were up sharply, finishing 44% ahead of December; and 33.3% ahead of January 2011.
- The inventory of $1 million+ homes decreased by 15.4% compared with January 2011.
The Sarasota Association of Realtors® also reported that property sales in 2011 jumped by 8.2 percent to 8,224, achieving the highest level since 2005. This dramatic resurgence represents a 44 percent increase over the low point of the downturn in 2008.
“As one of our premier communities, The Founders Club is uniquely positioned to capitalize on Sarasota’s upward trending luxury market”, said Wilson. “We are seeing a tremendous increase in activity here.”
