Signature Sothebys buys Premier Properties

The office was rumbling yesterday with the latest Sarasota real estate news. Signature Sotheby's International Realty has purchased Premier Properties of Sarasota. I heard the rumors yesterday but wasn't sure they were true until it hit the Sarasota Herald Tribune website yesterday afternoon.

I noticed in the newspaper article they said, "Signature's acquisition of Premier now means it could be in a strong position to control a sizable portion of the luxury market." That was interesting to me so I decided to check out who dominated the luxury Sarasota real estate market. I went to Trendgraphix which is a software program that tracks Sarasota real estate sales and manipulates the data so we can look at it in charts and graphs.

Below is a chart showing total sales in units (homes and condos) in Sarasota county over $750,000. I had to shrink the chart to make it fit. Sorry if it is difficult to read.

More Sarasota real estate data:

According to the last 12 months of data Michael Saunders and Company dominates the luxury Sarasota real estate market. No hype, just facts. If you combine Signature Sothebys with Premier Properties they have 13.9% compared to MS&C's 31.0%. If you want to compare in terms of dollar volumes, MS & C sells more than twice the real estate as our nearest competitor Coldwell Banker as well as twice the combined sales of Signature Sotheby's International Realty and Premier Properties. 

Looking at the data it is safe to say that Michael Saunders and Company dominates the luxury Sarasota real estate market.

If you are thinking of buying or selling a home please contact us at 941-812-6272. We would be happy to help you.