Longboat Key Luxury Buyers Will Have More Choice in 2023Posted by Steve Walter on
Sarasota Sees New Luxury CondosBY KATE TALERICO | ORIGINALLY PUBLISHED ON DECEMBER 30, 2022 | MANSION GLOBAL
Throughout the pandemic, inventory was tight across Sarasota as people sought to move to Florida for its lower taxes and less burdensome Covid restrictions, said Steve Walter, an agent and partner in Walter Group Real Estate based in Longboat Key. Traditionally a second-home market with median prices around $3 million, his area of Sarasota suddenly drew people looking to make a permanent move.
“In 2020 and 2021, people bought throughout what would typically have been our slow season from Easter to Labor Day,” Mr. Walter said. Now, he’s seeing the return to a “more typical seasonally oriented market” where sales decline throughout the…
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