Sarasota Luxury Home Sales Outperforming National and Broader Market

Forty Sarasota County homes and condominiums sold for $1 million or more in July, generating a total of $70.2 million and averaging $1.75 million each. That's three more than June and the same pace as March, the more traditional high season for home sales in Southwest Florida.

Compared to July 2012, when 26 homes and condos and two waterfront lots changed hands for $48.2 million, we are currently experiencing a 54% increase in units sold and 46% increase in total volume sold for the same period last year.

All of the sales but one were on the region's barrier islands.

The numbers outperform the national average, where homes priced at more than $1 million jumped an average 37 percent in 2013, triple the pace of the broader market.

Source: Sarasota Herald-Tribune