Sarasota Real Estate Market Update on Longboat Key Condos

The Sarasota real estate market is definitely trending towards recovery even with oil slick worries in Louisiana and hurricane season approaching. Sellers are negotiating and lowering their prices and working to make deals happen as indicated by the last several months of real estate activity. Buyers who know Longboat Key are finally stepping into this market to scoop up some buys that only decade dips in coastal real estate provide. Opportunities to purchase waterfront properties at reduced prices don’t happen too often on Longboat Key.

Longboat Key Condo Activity Last Six Months

• Current Condos Listed: 436
• Pending Condo Sales: 51
• Condos Sold: 140
• Lowest Priced Condo: $109,900
• Highest Priced Condo: $5,950,000

Buildings on the southern end of Longboat Key are close to St. Armands Circle and offering residents additional specialty shopping, dining and professional services. Downtown Sarasota is easily accessed for outstanding cultural venues, art galleries and waterfront activities on Sarasota Bay.

If you are searching for Longboat Key real estate for sale, contact the John Allen Team at 941-544-6467. Allen Real Estate Services, Inc.’s real estate agents are experienced in all areas of Sarasota County and can show you any property listed in the Sarasota MLS. Would you prefer living in a home closer to downtown Sarasota? Check out our recently released Bird Key real estate market update where you can view current information on recent sales, statistics and listings.