Longboat Key FL Condo Market Update

The Longboat Key condo market stats in the Sarasota MLS system are continuing to show improvement. 417 condos on Longboat Key are currently listed as active, 48 condos, townhouses and villas are under contract and the sales for the last six months total 132. Longboat Key condo sales for the last six months outnumbered famous Siesta Key even after Dr. Beach named Siesta Key Beach No. 2 on his 10 Best Beaches in America list in May. Siesta Key sales stats for condos sold in the last six months numbered 114.

Longboat Key condos range from small condominiums, duplexes to newer luxury condos that sit majestically on the beach of this tropical oasis. Older condominiums on this island Paradise have remodeled their lobbies, amenity room and added extra luxury features to attract today’s discriminating buyers. Gulf front condos remain top on buyer’s priority lists and command higher prices for outstanding views and extraordinary detailing. Boaters, of course, seek the bayside condos which provide deep water canals or open waters of Sarasota Bay. Longboat Key’s condo selection remains strong and prices have adjusted considerably downward in the last few years. Prices currently range from $155,000 to $5,000,000 for a condo, townhouse or villa. Prices do not include boat docks, time share or fractional ownership buildings which start as low as $50,000 for a few weeks' use at complexes such as the Colony Tennis Resort.

Residents of Longboat Key enjoy an active lifestyle of boating, fishing, tennis and golf. More relaxed activities such as shell collecting and beachcombing are wonderful on Longboat Key Beach. Daily sound of the splashing surf, wildlife, beachcombers, swaying palm trees are all part of the allure of Longboat Key. A short drive to St. Armands Circle and downtown Sarasota are added features of living in this island Paradise. Downtown shopping, restaurants, galleries and cultural amenities are a big draw and St. Armands is home to small cafes and fine restaurants. Vacationers and residents also enjoy shopping at surf shops, specialty shops and taking in the services of top Florida spas.

Longboat Key Condo August 2009 Update (Including Townhouses & Villas):

• Least Expensive Condo: $155,000
• Most Expensive Condo: $5,000,000
• Condos Under Contract: 49
• Condos Sold Last Six Months: 132

If you are searching for Longboat Key real estate for sale, contact John Allen at 941-544-6467. For more info on the market, head over to our Longboat Key FL real estate update. John shows Longboat Key homes and condominiums on all Sarasota’s barrier islands including Bird Key and Casey Key. It is important to seek a professional with experience in waterfront properties necessary to guide you to a successful purchase of your Longboat Key real estate.

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