More buyers purchasing multimillion-dollar homesJul 18th, 2011 | By Bea Weiss, Real Estate Consultant, Attorney | Category: Blog, Sarasota
Here are some interesting facts:
In the unincorporated areas of Manatee and Sarasota counties and on Longboat Key, builders have begun construction of 49 luxury homes during the 12-month period ended June 30 at an initial cost of $58.5 million. That compares with 32 homes valued at $31 million during the preceding 12 months. Those numbers do not include Bird Key, Anna Maria Island and the city of Sarasota, where at least 40 more high-end homes are under construction at a total cost of around $40 million.
Court records show that at least one third of 115 luxury homes permitted in Manatee and Sarasota counties since July 2009 have been purchased by people from out of state or out of the country.
So if you are interested in selling a luxury home, make sure that it is marketed to those out of state and out of country buyers.
Call us today at 941.866.1666 if we can help you buy or sell a luxury home.