Southwest Florida Market Update Q2, 2021 has come in strong! As a matter of fact according to President, Drayton Saunders of Michael Saunders & Company, it is . . .
“One of the BEST markets we’ve EVER seen!”
Southwest Florida Market Update Q2
Luxury real estate remained fast-paced in the second quarter of 2021 in and around the Boca Grande area. This year, visitors stayed well into the summertime, which is traditionally much slower. Home sales continued strong, and in Charlotte County alone, were up 312.3%.
Michael Saunders & Company ended the quarter number one in sales volume for both the luxury and general residential market. We garnered a 25% market share for luxury residences, homes $1 million and above, and a 14% share for the general market.
Southwest Florida Market Second-quarter results proved that it was a great time to sell across Sarasota, Manatee and Charlotte counties, including Boca Grande.
Two months of inventory was experienced by sellers in the luxury market on average. Altogether, consumer confidence has continually been high in the strength of the market and the projected outlook.
Stats indicate the migration of people into the Sunshine State will keep agents busy for some time to come. The growth of our region is incredible with the infrastructure of the surrounding area continuing to develop and grow to meet the needs of the people who aim to call the Gulf Coast home.
Growth in Our Region
Key motivators in the constant influx of people to Florida and along the Gulf Coast include the high cost of rent in more densely populated areas and state income taxes. Keeping Current Matters, other leading industry media, our website data and analytics share studies and show top searches by State are being generated from Florida, New York, New Jersey, Ohio, and Illinois. This is proof positive that many moving into our area are following the national trend.
Boca Grande and the surrounding area offers a unique island atmosphere in an unparalleled setting. Friends and neighbors run errands by golf cart or bicycle. We enjoy an outdoor lifestyle year-round. Come for a visit, follow on social media, and via my weekly news updates to discover what it means to live life #OnIslandTime.