Siesta Key Real Estate Market Update

Below is a brief summary of current real estate data for the Siesta Key Florida real estate market. All of the information below is current as of November 13, 2008.

October 2008 Data*

Siesta Key Condos
Current Active Listings: 379
Highest Priced Listing: $4,250,000
Lowest Priced Listing: $170,000
Currently Under Contract - 40
October Sales - 16

Siesta Key Single Family Homes
Current Active Listings - 176
Highest priced Listing: $17,500,000
Currently Under Contract - 16
October Sales - 7

2008 Year to Date Data*

Siesta Key Condos
Highest Sale Price: $1,914,282
Year to Date Sales - 177
Average List price: $614,092
Average Sales price: $546,066 (89%)

Siesta Key Single Family Homes
Highest Sale Price: $8,000,000
Year to Date Sales - 101
Average List price: $1,284,913
Average Sales price: $1,199,018 (87%)

*All real estate data was pulled from our MFR MLS system and is deemed reliable, but is not guaranteed.

If you would like specific data or statistics for the Siesta Key real estate market, leave a brief post here or send me an email. BuySarasota.com allows you to view photos and detailed information on all Siesta Key condos and homes for sale.

New Siesta Key Fractional Ownership Resort by Hyatt

Hyatt has started development on a new $100 million fractional ownership resort on Siesta Key. The old Sea Castle resort was demolished to make way for the new property. Construction has begun and should be finished by April of 2009.

In my opinion, this development will fill a much need niche in the Siesta Key condo market. The project will include 44 units. Each unit will have 8 to 12 owners.

Beach Villas - Brand New Construction

Strong, beautiful, convenient, and located one of the hottest places you can own a condo on Siesta Key, come and experience Beach Villas on Siesta Key. Have peace of mind knowing that your home was built to hurricane code of solid concrete while still enjoying the beautiful interior and exterior architecture of this Mediterranean style condominium. Residents will enjoy spacious turreted terraces

The penthouse units feature a starlight private rooftop. Other amenities include, a custom-designed heated pool with waterfalls and soothing spas per building, gated private courtyard, oversized 2-car garage for each residence and many more. Located only a few blocks away from Siesta Key Village and the ever -so- popular Siesta Key Beach, what more could you possibly want? Beaches, fun shops, boutiques, restaurants, bars and clubs are all just around the corner.

With just 7 buildings and 22 units, one and two story villas range from 1,479 to 4,822 square feet. Pre-Sales starting at $1 million for Villas and $2+million for Penthouse Suites.

Fun in the Sun at Peppertree Bay

Are you one of the thousands who have escaped the colder weather for some Florida sunshine? Do you enjoy a variety of fun outdoor activities and want to call your home paradise? Well, Peppertree Bay Condominiums has all of that any many more. Located on the beautiful Crescent Beach of Siesta Key, the development spans over 16 acres of lush and tropical landscape. The complex is framed by roughly 400 lineal feet of gulf front beaches and panoramic Sarasota Bay views. Peppertree Bay stretches across the island, from gulf to bay and offers residents a variety of scenic views. There are 5 different floor plans available, with one to two bedrooms and one floor or two floor townhomes. Many units are offered are fully furnished with 24-hour onsite staffing for convenience.

Peppertree Bay redefines resort-style living with their ample active amenities. Residents here take advantage of their lighted tennis courts, exercise rooms and saunas, fishing pier, 2 heated pools, barbeque grills and recreations halls with a kitchen for private parties. For those who need to conduct business, an office facility is available with access to a fax, copy and notary.

Residents of Peppertree condominiums on Siesta Key enjoy many outdoor activities such as canoeing-kayaking, sailing, fishing, scuba-snorkeling, beach activities, and state parks, just to name a few. Fun in the sun is the name of the game here.