Sarasota Real Estate News

Each year, Siesta Key real estate activity on our websites and blogs increases dramatically each time Dr. Beach publishes his Top 10 Best Beaches report. Siesta Key, now at the no. 1 spot for 2011, has a new billboard that touts its top spot. Interest rates, single family home and condo real estate inventory are still good on the Key, and buyers are here. 

Many buyers of Siesta Key real estate have been coming to this word-famous beach for decades. These visitors have seen prices jump out of their reach, and now they are trying to get a piece of paradise before prices make another jump. Siesta Key’s weather, gorgeous white sand and the Gulf of Mexico are the big draw. The relaxed atmosphere of Siesta Key Village and the friendliness of the people as well as a laid-back resort lifestyle have visitors dreaming of owning their own sandcastle.

Siesta Real Estate Market

Both single family home and condo inventory are down. Buyers have been taking advantage of low prices and low interest rates. Prices start at $119,900 for a bank-owned condo at Ebbtide and go up to $2,499,999 for a 5 bedroom penthouse at Island House.  Pricing of single family homes start around $250,000.

Single Family Homes Sales Activity for Last 6 Months

Current Single family homes for sale: 170

Lowest Priced Home: $250,000

Highest Priced Home: $14,500,000

Pending Single Family Homes:  27

Single family Homes Sold Last 6 Months:  75

Lowest Priced Home Sold: $165,000

Highest Priced Home Sold: $4,100,000

Average Price Home Sold: $785,235

Median Price Home Sold: $530,000

Visit our Siesta Key homes section to view all current home listings for sale.

Siesta Key Condos Sales Activity for Last 6 Months (Condos, Villas & Townhouses)

Current Listing Condos: 320

Lowest Priced Condo: $119,900

Highest Priced Condo: $2,499,999

Pending Condo Sales: 45

Condos Sold in Last 6 Months: 135

Lowest Priced Condo Sold: $100,000

Highest Priced Condo Sold: $1,890,000

Average Price Sold: $401,124

Median Price Sold: $340,000

You can view detailed information and search all active MLS listings at our Siesta Key condos for sale section of this website. Our website is updated daily with new listings!

Activities on Siesta Key include relaxing, beachcombing, shell collecting, boating, fishing, walking, swimming and shopping to name a few. Sarasota’s downtown cultural activities are a short drive from the Siesta Key too!

If you are looking for an experienced Siesta Key Realty company to help you navigate all the options, feel free to contact us today. Don’t miss out a good buy. Ask our team of experts to help you select a single family home or Siesta Key condo for sale that fits your lifestyle and budget.

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Investors love Bay Oaks Siesta Key condos. These bayside condos were built in 1975 and have onsite management and offer a liberal weekly rental policy.  Since it’s just a short walk or drive to Siesta Key Beach, Dr. Beach’s No. 1 Beach for 2011, Bay Oaks is a great place to relax as your Siesta Key [...]

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The Sarasota Association of Realtors released data yesterday showing Sarasota real estate sales jumped by 8.2 percent to 8,224 in 2011. This is the highest level since 2005. “The surge in sales was accompanied by stabilization in the median sale prices, which now stand at $155,925 for single family homes and $156,800 for condos over the full year, and have not fluctuated much for the past 12 months.”

Real estate is local and the Sarasota, Florida area is the considered the “place to be” by many homebuyers. “For the overall year of 2011, the resurgence in sales was dramatic, and represents a 44 percent increase over the low point of the downturn in 2008, when only 5,820 properties changed hands.”

New SAR President Laura Benson said "This is really incredible news, and demonstrates how far this market has improved in only three short years." "Now, we also offer very affordable pricing. Combined with the high quality of homes and condos on the market, I think we clearly have the best values in Florida, without question."

Property transactions in the Sarasota real estate market jumped 7.3 percent in December 2011, compared to the November totals. Combined sales stood at 648, up from last month’s figure of 602 and the October 2011 sales of 577. This sales resurgence has paralleled the drop in the available inventory, and put the remaining months of inventory in the range of a seller’s market.

Inventory of properties for sale in Sarasota was at 4,567 in December. November 2011 inventory of available properties was 4,672. Inventory of available properties in Sarasota slid to a 10-year low totaling 4,408 in August 2011. As the inventory diminished, “the months of inventory has dropped and now stands at 6.3 months for single family homes and 9.2 months for condos. A figure of 6 months is considered equilibrium between a buyer’s and a seller’s market.”

For the complete press release and statistical charts, contact the John Allen Team at BuySarasota.com.

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Bird Key is a Sarasota, Florida neighborhood rich in beauty, luxury, privacy, and history. In the early 1900s, Bird Key was purchased by Thomas Worcester of Cincinnati, Ohio. Worchester built the first expensive home on a Sarasota Bay island. In the 1920s, John Ringling of circus fame bought Bird Key and proceeded with the development of connecting Bird Key, Lido Key and St. Armands to mainland Sarasota. Arvida Corporation bought the Ringling properties and continued development of the 511 single family home sites. Today Bird Key real estate is among the most desirable in all of Sarasota.

Bird Key today is a beautiful boating community with just under 300 waterfront homes facing the bay or on interior canals. The remaining homes on Bird Key are not on the water and referred to as “garden homes.” Youll find luxurious mansions on Bird Key, some “old Florida” style homes needing some “TLC” and possibly a refurbished beauty.

As a boating community, Bird Key is tops. The Bird Key Yacht Club is one of the most prestigious yachts clubs in Florida. The Club offers members an outstanding list of amenities as well as superior docking services with reciprocal agreements with other Yacht Clubs.

Amenities of Bird Key Yacht Club

Social Gatherings

Parties

Tennis

Bridge

Boating

Bird Key Real Estate Data 2011

The Sarasota MLS currently reports 29 homes for sale on Bird Key. The lowest priced home is $545,000 and the highest is $8,800,000. Homes sales totaled 35 in 2011 and recent prices ranged from $407,000 to $4,950,000.

Contact Us

If you need more information on Bird Key real estate, contact the John Allen Team at 941-544-6467. We have agents who specialize in Bird Key, Siesta Key, Lido Key and Longboat Key available to give you more information or to schedule a tour of homes.

John Allen – Allen Real Estate Services, Inc.7131 Curtiss AvenueSarasota, FL 34231(941) 544-6467

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Located within a 5 minutes drive from downtown Sarasota, St Armands Circle and Lido Key beaches, Bird Key has one of our area’s most desirable locations. There are just over 500 home sites in the neighborhood with 291 on the bay or canal. Bird Key real estate has long been synonymous with privacy and luxury. Owners [...]

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The Longboat Key Florida real estate market along with the entire Sarasota Florida real has been quite active as buyers take advantage of reduced prices and a good  selection of condos and homes for sale. Longboat Key Florida has been popular for decades with luxury home and condo buyers in colder parts of the world. [...]

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Are you looking for Siesta Key real estate to complete your holiday gift list? Since Dr. Beach added Siesta Key Beach to his Top 10 Beaches list this summer, Siesta Key real estate has really popped. Residential home sales and condos sales are on the up as inventory comes down. There’s plenty to do on [...]

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Siesta Key Beach is not only the No. 1 Beach in the USA, it is also an active real estate community.  Baby boomers, retirees and second homeowners are looking for their place in the sun at bargain prices and scooping up the best deals.  The Siesta Key condo market has improved right along with single [...]

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