This Season’s Sales Numbers Tell a Different Story
With storms, elections, and shifting markets, the question is understandable. Yet when you look at the Sarasota real estate numbers, the answer may surprise you.
Sales in the first quarter of 2025 are up slightly — about half a percent higher than a year ago. In the luxury market, activity has held steady, while in the ultra-luxury sector (properties over $5 million), we continue to see healthy sales momentum.
The biggest shift? Inventory
Today, there are nearly 30% more homes on the market compared to this time last year. With more choices, buyers are gaining negotiating power — naturally putting downward pressure on pricing. In many ways, that’s a positive development, rebalancing the market and creating real opportunities.
It’s not that properties aren’t selling — far from it. Just days ago a property on Bird Key, a direct bayfront home — a recent new build with a beautiful setting, attractively priced — went under contract within four hours. By the next day, it had two full-price offers, with more waiting in the wings.
Exceptional properties continue to command attention. Sellers should stay optimistic, even as buyers become more discerning. Properties requiring storm repairs are trading at discounts — as they should — but pricing floors are beginning to form as the winter season winds down.
What’s ahead for spring and summer?
Buyers remain highly engaged. Philanthropists, developers, and private investors are actively investing in Sarasota’s future. Sarasota has not lost its allure — if anything, its long-term prospects have only strengthened.
Looking ahead, the next opportunity lies in local government matching the private sector’s investment in rebuilding and enhancing our community. With continued momentum, Sarasota’s reputation as a world-class paradise is only poised to grow.
If you’d like a deeper dive into the opportunities emerging in our community, please don’t hesitate to reach out @ 941.587.0740.
