Downtown Sarasota Luxury Condo Sales Rise 52.5% in 2026 as Median Market Time Nearly Doubles

SARASOTA, Fla. - Rezul -- What is happening in the Downtown Sarasota luxury condo market in 2026?

Downtown Sarasota luxury condominium sales of $1 million or more increased to 90 closed sales from Jan. 1 through July 31, 2026, compared with 59 during the same period in 2025, a 52.5% increase. At the same time, median cumulative days on market increased from 49 to 95 days, according to Stellar MLS data analyzed by Carole Samuels, Coastal Real Estate Advisor with REMAX Palm Realty.

The median sale price was $1,762,500, compared with $2.05 million during the first seven months of 2025, a 14.0% decline. Median price per square foot declined 5.7%, from $918.95 to $866.83. Closed dollar volume increased 25.3%, from $143.61 million to $179.90 million.

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As of Aug. 23, 2026, the analyzed data showed 115 active Downtown Sarasota luxury condo listings priced at $1 million or more, representing approximately 8.9 months of active supply at the year-to-date 2026 closing pace.

Current inventory is not uniform. Approximately 65% of active inventory reported a year built of 2024 or later. Pending activity was also concentrated, with 22 of 42 listings categorized as pending or accepting backups located at 1000 Boulevard of the Arts.

"The Downtown Sarasota luxury condo market is showing why building-level analysis matters," said Samuels. "Buyers are comparing newer construction with established luxury condominiums, and the differences can extend well beyond the individual residence. I encourage clients to evaluate the association and the building alongside the condo itself before making a decision."

Samuels uses The COAST™ Framework, representing Community, Opportunity, Architecture, Strategy and Transition, to help clients organize the considerations surrounding Sarasota coastal real estate decisions.

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The primary analysis compares Jan. 1 through July 31, 2026, with the same period in 2025. July 2025 contained only four closed sales, so the monthly comparison is treated as a cautioned snapshot. The data does not establish that hurricanes, interest rates, Florida condominium legislation or another single factor caused the MLS trends.

Read the complete Downtown Sarasota luxury condo market analysis: https://rem.ax/4xhgcAr

Source: Stellar MLS data analyzed by Carole Samuels.

Carole Samuels | Coastal Real Estate Advisor | Downtown Sarasota Luxury Condos & Siesta Key Waterfront Homes | Creator of The COAST™ Framework | REMAX Palm Realty |
330-503-9035