Longboat Key Real Estate is Improving

As the national real estate market improves, Longboat Key real estate is improving too. In the last six months, the Sarasota MLS reports that 148 condominiums, town houses and villas have sold. Pending condo sales stand at 48. Single family homes sales have seen activity in the last six months too with over 35 sales. The lowest sale was a $315,000 home on St. Jude Drive and the most expensive sale was a five bedroom house and bayfront estate which sold for $4,000,000.

The Sarasota MLS reports a great selection of real estate available at prices much lower than the peak years of 2005 and 2006. Prices similar to 2003 and 2004 are helping buyers purchase homes at reduced prices. Low interest rates are still available and the selection remains outstanding on this popular manicured Key.

Longboat Key is a popular destination location for vacationers, baby boomers looking for retirement condos and homes on Longboat Key as well as second home buyers.  The many waterfront activities along with going and tennis are attractive to home purchasers and well as the amenities offer by this coastal resort area on the Gulf of Mexico.

If you’ve been looking for Longboat Key real estate and want to take advantage of the price reductions, give us a call. We’ll open doors to Longboat Key homes and condos that might work for you!