Sunday, August 30, 2009

Siesta Key Condos Update

Data from the Sarasota MLS system indicates that Siesta Key condos are on the move. There are 413 condos on Siesta Key that are currently available. 43 condos, townhouses or villas are under contract and the sales for the last six months total 114 units. Dr. Beach recently added to Siesta Key’s allure when he bumped Siesta Key Beach up a notch to #2 on his 10 Best Beaches in America list in May.

Siesta Key condos range from tiny motel type condominiums, duplexes to contemporary newer high-rise condos that mingle with the older condos, many in the midst of remodeling their lobbies and amenities to provide buyers with the activities and surroundings they desire. Gulf front condos are the most popular and command a higher price if the view is extraordinary. Bayside condos are popular too as boaters seek condominiums providing boat dockage and easy access to the Gulf of Mexico. Siesta Key’s condo selection is still excellent and prices have adjusted considerably. Prices currently range from $150,000 to $4,250,000 for a condo, townhouse or villa. Prices do not include time share or fractional ownership buildings which start as low as $30,000 for a few weeks' use.

Residents of Siesta Key sit on their balconies and take in the sites of the surf, wildlife, beachcombers, swaying palm trees and bask in the warm weather. Walks to the Village are popular as well as dining in cafes and restaurants of Siesta Key Village. Surf shops, specialty shops and restaurants are busy with travelers from around the world.

Siesta Key Condo Market Update (Including Townhouses & Villas):

  • Least Expensive Condo: $150,000
  • Most Expensive Condo: $4,250,000
  • Condos Under Contract: 43
  • Condos Sold Last Six Months: 114

If you are searching for real estate on Siesta Key Florida, contact John Allen at 941-544-6467. John shows Siesta Key condominiums as well as all of Sarasota's other barrier islands. Contact a professional with experience in waterfront properties necessary to guide you to a successful purchase of a Siesta Key condo.

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