Longboat Key Market Update

Here is a comparison between the 2009 and 2010 Longboat Key real estate sales activity. The sales information includes homes and condos.

2010 Longboat Key Market Update 

• 237 sales 
• Lowest sales price - $30,000 (Colony timeshare)
• Highest sales price - $6,650,000
• Average sales price - $765,698
• Median sales price - $550,000
• Average days to contract -  210

2009 Longboat Key Market Update

• 213 sales
• Lowest sales price - $97,000
• Highest sales price - $7,125,000
• Average sales price - $709,089
• Median sales price - $486,000
• Average days to contract - 215

Interesting to see that sales are, median price is up and average price is up. Things are looking pretty good on Longboat Key. This segment of the Sarasota real estate market has not been affected by foreclosures and short sales like other areas of the market.

If you are looking to buy or sell in the Sarasota area give Marc Rasmussen a call at 941.812.6272.