Michael Saunders quoted in international luxury report


Michael Saunders of Michael Saunders & Company was quoted regarding Sarasota’s luxury real estate market in the inaugural “State of the International Luxury Real Estate Market Report” published by Christie’s International Real Estate.

“Our market is edging close to normalcy,” said Saunders of Sarasota. “Ours was among the first to feel the downturn, the first to take the corrective measure of lowering prices, and now is among the first to enjoy a sustained recovery. Buyers who arrive today expecting to find a glut of properties to choose from will be shocked to discover a growing shortage of well-priced, well-maintained properties that are in move-in condition.”

Christie’s International Chief Executive Officer Neil Palmer said in the introduction of the report that 129 brokerages in the Christie’s International Real Estate network were asked to complete a survey on the state of the Luxury Market. Select respondents were then contacted by phone to expand.

“This report captures the collective wisdom, experiences and insights of the leader of our network, the affiliate principals and management of CIRE,” said Palmer.

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