Siesta Key Condo Market Update
Posted on 08. Jun, 2009 by Marc in About Siesta Key, Gulf Views
Thinking about purchasing a Siesta Key condo? Before you buy it is important to understand the market. The chart below shows Siesta Key condo inventory levels, sales and condos under contract/pending. The chart goes from February 2008 to April 2009. Based on closed sales there is roughly 30 months of inventory on the market. Based on pending sales we have about 26 months of inventory.
Siesta Key Condominium Statistics
I searched the Sarasota MLSÂ this morning for the statistics below.
- 453 condos currently for sale on Siesta Key
- Highest asking price - $3,200,000
- Lowest asking price - $30,000
- Average sales price - $663,602
- 44 condos currently under contract
- 74 condos sold from January 1, 2009 to June 8th, 2009
- Highest sales price - $2,225,765
- Lowest sales price - $140,553
- Average sales price - $511,850
Siesta Key Condos with Full Gulf Views
- 118 condos for sale
- Highest asking price - $3,200,000
- Lowest asking price - $190,900 - Fractional ownership - 6 weeks
- Median home price - $799,499 or $636 per square foot
- 26 condos sold from January 1, 2009 to June 8th, 2009
- Highest sales price - $1,500,000
- Lowest sales price - $270,000 - gulf view but not on beach
- Median sales price - $640,000 or $471 per square foot
View my Siesta Key condo page to see hundreds of condos for sale on Siesta Key. This page is updated daily with photographs, virtual tours, addresses, descriptions and Birdseye images. You can also give me a call at 941.812.6272 if I can help you buy or sell a Siesta Key condo.
Marc Rasmussen
Michael Saunders and Company
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