Saunders has served for nearly 20 years at the largest Sarasota-headquartered real estate company and had previously served as board vice president at Stellar MLS.
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Experts say the market’s strength can be attributed to a series of factors, including an increase in cash sales and the use of escalation clauses in sales contracts as buyers seek to make sure they get their house. COVID-19 is also a factor, as well as a massive wave of baby boomers retiring at once.
And while the market is strong now, some experts say this might be just the beginning. As more people discover Sarasota and tell their friends about their new hometown, there could be more waves of new buyers in the near future.
So many multimillion-dollar homes are being sold that local real estate professionals have started to look at “luxury” as anything over $3 million, as opposed to the usual $1 million.