- May 17, 2023
Roger Pettingell is a leading luxury real estate agent with more than $2 billion in sales. Sarasota, his hometown since moving there in 1983, is one of the nation’s fastest-growing luxury real estate markets. Pettingell’s experience in the field has made him one of Florida’s leading real estate agents, and his market insight can help aspiring real estate agents and luxury real estate buyers know what to expect from the market.
“Strong buyer demand drives the development of new luxury properties and will keep the Sarasota Roger Pettingell also notes that the growing value of the real estate market has led many people who would not otherwise consider a luxury home to make the investment. In Sarasota, for instance, home values have risen by an astounding 22% in the last year alone. The same level of growth is being seen in many other cities throughout the nation.
Roger Pettingell explains that now is an ideal time to invest in Sarasota’s luxury real estate market. Demand is set to rise for the foreseeable future. Inventory won’t immediately luxury market active.” Demand for luxury properties is rising due in part to the fact that the COVID-19 lockdowns led many to realize the importance of having luxury amenities that home that could be enjoyed without concern over future restrictions on freedom of movement. Moreover, many found that upscale amenities fast became essential to mental health and wellbeing as individuals worked from home rather than heading out to the office five days a week.
As demand for luxury homes has grown, developers and builders have put an emphasis on constructing luxury homes, keeping the market robust at a time when a supply chain shortage is limiting the construction of other forms of housing increase as it can take years to build luxury homes from scratch. Sarasota is one of the best and most beautiful cities in Southern Florida.
Luxury home buyers expect not only seller housing options but also knowledgeable agents who are aware of an area’s amenities and available amenities and can recommend professionals who can renovate or repair a home if the need arises. Understanding and managing the luxury real estate market can be an immensely rewarding experience for buyers, investors, and agents alike.