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.

The Water Club on Longboat Key Florida

If you are searching for a Longboat Key condo that provides its owners a total resort lifestyle, this is it! Water Club of Longboat Key is one of Sarasota Florida’s most prestigious condominiums. An impressive site each time we take our visitors for showings.

Sarasota is bursting into Spring and the sidewalks of Gulf of Mexico Drive in front of Water Club are filled with joggers, rollerbladers and walkers each time we visit Water Club with our customers. Tropical plantings featuring towering palm trees and an impressive gated entrance lead to two towering buildings built in 1996 and 1999. Residents enjoy the finest of beach lifestyles here.

The Club House at Water Club is outstanding. It features a billiard room, bar, library, ballroom and fitness center with his/her locker rooms. The resort style swimming pool and spa are overlooking Longboat Key Beach and Water Club residents relax in Paradise. The pool area offers a card coded gate entry to and from the Beach.

Currently the Sarasota MLS lists 15 condos available for sale at Water Club. Many of these listings are 3 bedrooms, two baths with parking.

Water Club april 2010 Condo Update:

• Least expensive Condo: $1,095,000
• Most expensive Condo: $3,050,000
• Average Price: $2,066,400
• Median Price: $1,995,000
• Pending Sales: 2
• Sold Last Six Months: 6 ($1,295,000-$2,062,500)

For information on Water Club condos currently available, contact John Allen at 941-544-6467. John’s premier website is the place to search all Longboat Key real estate lsitings. Other condos to consider on Longboat Key are LAmbiance, Sanctuary, Islands West and Islander Club for resort style living.

Longboat Key Florida Real Estate Snapshot - March 2010

The Longboat Key real estate market has been brisk with activity. Below are current stats for active listings as of March 16, 2010. All information on active listings is pulled from the MLS system.

Longboat Key Single Family Homes for Sale

• Active Listings: 171
• Highest Priced Home for Sale: $13 Million
• Median Home Price: $1,225,000
• Average Home Price: $1,749,598

Longboat Key Condos for Sale

• Active Listings: 381
• Highest Priced Condo for Sale: $5.95 Million
• Median Condo Price: $599,000
• Average Condo Price: $891,242

Longboat Key Lots/Land for Sale

• Active Listings: 50
• Highest Priced Lot for Sale: $3.4 Million
• Median Lot Price: $649,500
• Average Lot Price: $993,592

Visit BuySarasota.com to search all MLS listings on Longboat Key, Lido Key, Siesta Key, Casey Key, and Sarasota. feel free to contact us with any questions or if we can be of any help with your search. Contact the John Allen Team direct at 941-544-6467 for all of your Longboat Key real estate needs or if you have any questions about the market.

Longboat Key FL Real Estate Market Update - 2010

The Longboat Key real estate market has been brisk with activity as savvy buyers take advantage of drastically reduced prices and a very nice selection of homes and condos. There have been 82 properties sold on Longboat Key in the past 90 days. In addition there are 72 MLS listings under contract.

Longboat Key Sold Properties - Past 90 Days

• Total Sales - 82
• Highest Sale - $2,500,000
• Lowest Sale - $126,500
• Average Sale - $912,235
• Median Sale Price - $699,000

Longboat Key Properties Currently Under Contract

• Total Listings Under Contract - 72
• Highest Prices Listing - $4,900,000
• Lowest Priced Listing - $125,000
• Average Price - $832,409
• Median Price - $624,500

Visit BuySarasota.com today if you are interested in exploring Longboat Key. Our comprehensive website allows you to view detailed information on all of the most popular condominiums and neighborhoods. In addition you can view over 600 MLS listings for all of the condos and Longboat Key homes for sale. If you would like our help with your search, feel free to email us or call us direct at 941-544-6467. We are here to assist you with all of your real estate needs.

Islands West Condos on Longboat Key Florida

Majestically towering to 15 stories, Islands West on Longboat Key are home to 87 units. Built in 1972, these Longboat Key condos’ amenities include: swimming pool, club house, exercise room and, of course, its main amenity Longboat Key Beach.

The Sarasota MLS currently reports 4 condos for sale at Islands West on Longboat Key. There are no sales pending and one condo has sold in the last six months. The selling price was $450,000.

If you are searching for a Longboat Key FL real estate, we are happy to help. Call John Allen at 941-544-6467 to view condos for sale at Island West or for a condo at Sanctuary, Longboat Key Towers, L’Ambiance or EnProvence. Our agents know Longboat Key condos and will guide you to a smooth closing.

Longboat Key Florida Demographics

Exclusive Longboat Key Florida is an 11 mile long barrier island like no other. We are constantly asked by buyers about Longboat Key's population, real estate and demographics. So here you go...

Longboat Key Demographics Snapshot

Population: 8,000 year round, grows to 20,000 or so in season
Median Age of Residents: 68 years old. 58% of residents were 65 or older
Density of Residents: 1,546.44 People Per Square Land Mile
Gender: 53.5% Female, 46.5% Male
Race: 99.2% White, 0.8% Other
Marital Status: 77% Married, 23% Single, Divorced, Widowed
Education: 94.4% High School or Higher
Real Estate: 75% Condominiums, 25% single family homes and others.
Median Listings Price: $699,000
Occupancy: 48.4% Occupied Housing, 52.6% Seasonal or Occasional Use

Resources and More information: Wikipedia, US Census

If you are considering a home or condo on this slice of paradise, head over to our comprehensive Longboat Key real estate section where you can view hundreds of MLS listings. All of the listings in our database are updated daily and feature full descriptions, addresses, and advanced satellite mapping technology. If you would like our help with your Longboat Key home search, contact the John Allen Team direct at 941-544-6467.

Longboat Key Homes for Sale Market Update 2009

Longboat Key Florida is more than just a destination. It is a lifestyle. This 11 mile long island offers an array of waterfront activities, dining, spas, golf, tennis and so much more. Longboat Key provides a private atmosphere to its lucky residents, yet it is only minutes from the endless amenities of St Armands Circle and downtown Sarasota.
The Longboat Key real estate market has been brisk with activity as savvy buyers have been taking advantage of reduced prices and a nice selection of inventory.
Longboat Key Single Family Home Data from the MLS

• Active Home Listings: 158
• Price range: $179,000 to $13,000,000
• Average Listing Price: $1,883,889
• Median Listing Price: $1,310,000
• 2009 Home Sales – 64
• Sales Price range: $220,000 to $7,125,000
• Average Sale Price: $1,033,115
• Media Sale Price: $717,500

If you have been considering a condo or home purchase on Longboat Key, give the John Allen Team a call direct at 941-544-6467 to start the process. His team can help you explore all Sarasota real estate. Many experts believe that now is a great time to buy. sale prices are at a level comparable to what we saw 7 to 8 years ago and there is still a very nice selection of inventory.
Related Link: Longboat Key Condominium Market Update - 2009