Who Sells the Most Sarasota Luxury Homes?
Posted by Marc Rasmussen on Monday, March 28th, 2011 at 10:44am.Below is a pie chart showing the market share of brokers for properties over $750,000. People's definition of luxury will vary. Some believe it is over $1,000,000 while others think it is less. It is hard to say that a $900,000 home does not classify as a luxury home.
Sarasota Luxury Home Sales
| Broker | Total Sales in $,000's | Market Share | ||
| Michael Saunders and Company | $452,164 | 40.3% | ||
| Coldwell Banker and Company | $170,141 | 15.2% | ||
| Signature Sotheby's | $105,795 | 9.4% | ||
| RE/MAX Alliance Group | $78,868 | 7.0% | ||
| Prudential Palms | $61,581 | 5.5% |
The numbers above are for Sarasota county properties above $750,000. These include both homes and condos. The #6 broker had a market share of .6% so I only included the top 5 in the pie chart. Obviously, the larger firms are going to have the largest market shares. It is virtually impossible for a 50 agent office to outsell a 500 agent office. Regardless, it is pretty impressive to see Michael Saunders and Company have a whopping 40.3% of the market share of Sarasota luxury homes above $750,000.
Just for kicks I pulled the sales figures for homes above $1,000,000 and $1,500,000. The market shares for Michael Saunders and Company went up to just over 43% for properties above $1,000,000 and about 45% for properties above $1,500,000. If you make the jump up to $2,500,000 MS&C has 56% of the market.
If we can help you buy or sell a luxury property in Sarasota, Florida give us a call at 941.812.6272.
Don't worry if you are not looking in the "luxury" segment of the market. We work with buyers and sellers in all price ranges. View the Top Sarasota real estate brokers.
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Great post Marc! The market is looking highly competitive!
Posted on Thursday, March 31st, 2011 at 1:10pm.