Florida is home to the elite and luxury. Two counties in particular are becoming more and more popular amongst buyers. The Sarasota and Collier counties have become the optimal locations for buying luxury homes. These locations offer sunny days and an attractive beachfront lifestyle. Buyers are ditching the hustle and bustle of popular, congested cities for the peaceful and beautiful luxury homes in the Sarasota and Collier counties.
According to the May 2018 Luxury Home Index, Sarasota and Collier counties are now the fastest-growing nation’s luxury housing markets and shows no sign of slowing down. People from across the country are now realizing the prices in the south are unbeatable. Buying a luxury home in one of these countries is just a fraction of the price of what it would be in larger cities such as New York City or Chicago.
Due to the spike in sales in the Florida counties, the larger and more well-known cities are seeing a stall from buyers. Counties in Boston, Chicago, and New York have seen a decrease in their luxury home prices within the past year. Even though the decrease of price in these cities is leading to a increase of price in the Sarasota and Collier counties, buyers are still opting for the Florida. In the sunny state the are still getting more space and more luxury at a better price.
It’s not just Florida seeing an increase in luxury home sales. Other regions such as Northern California, Colorado, and Washington are gaining more buyers. The luxury home sales in California Bay Area in particular are on the rise. The San Mateo, Marin, and Santa Clara counties can be found in the top five most expensive luxury markets. The prices of their luxury homes are ranging from $2.7M and $3.5M. While they are among the most expensive, they are also some of the most popular locations for luxury homes.
Beautiful beaches, sunny days and leisure lifestyle makes it the perfect location for everyone to enjoy. As the Sarasota and Collier counties top the charts of fastest-growing luxury housing markets, there is no denying that Florida is the true destination for luxury.