All things Sarasota - The Jasmer Group: Siesta Key Florida Market Report

Siesta Key Florida Market Report

We have seen the traditional summer slow down for property sales on Siesta Key Florida. There are currently 585 properties for sale, on par with last quarter but lower than the 607 for the first quarter of 2010.  Since July 1st, 2010 there have been 66 sales on Siesta Key with an average selling price of 525k. Average days to close was 250, a slight increase over last quarter.  Sales prices have averaged 90% of list price, a slight decline from the 92% from last quarter.  There are 84 Pending sales which should amount to a higher number of closings for the last quarter of 2010.  The average list price for Active homes is 942k which signifies that homes in the lower price point are selling better than those above 750k. The average list price of the Pending listings is 641k. Stay tuned for our next report detailing the average sales prices for the last quarter of 2010.  Condominiums represent just over 60% of active and sold units.  Siesta Key is known as a vacation destination and has a greater number of condominiums in order to accommodate visitors and second home owners.  No oil from the BP Oil disaster ever made its way to the beautiful white sugar sand beaches of Siesta Key!

 BedsFull BathsSq Ft HeatedList PriceLP/SqFtSold PriceSP/SqFtLP/SP RatioDays to ContractDays to Closed High Low Average Median
6 4 3,764 2,995,000 868.37 2,625,000 761.09 106 1,417 1,481
0 1 596 179,900 131.73 162,000 115.73 61 3 23
2 2 1,584 593,096.94 365.09 525,793.94 324.88 90 193 250
2 2 1,349 477,000 348.36 408,350 303.77 90 115 178

 

Comment balloon 1 commentDan Jasmer • September 21 2010 07:57AM

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