Siesta Key Real Estate Market Report - Sarasota, Florida
Siesta Key, Florida - Sarasota County
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Dan Jasmer & Marnie Matarese

If you can qualify, now is an exceptional time to buy a home in Siesta Key. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Dan 941-284-9893 & Marnie 941-809-8099

Report DateFall 2009
Nearest Metro AreaSarasota
Buyers’ or Sellers’ MarketMore sellers than buyers
Average Time on Market90-120 days
Market TrendDecreasing
Housing InventoryGood supply - Some Prices
Average Home Price$550,000 - View Graph Trend
Best Selling Price Range$450,000 - $499,000
Worst Selling Price Range$150,000 - $199,000
Compared to Last YearDown 10-15%
Prices As % of Asking Price90-95%
Multiple Offers?No
Multiple Offers CommentaryLess than 5% of total active listings on Siesta Key are distressed sales. Some bank owned properties are receiving multiple offers.
Greatest ActivityRepeat Buyers
Buyer Activity for the past 90 days in Siesta Key isNo Change
Seller Activity for the past 90 days in Siesta Key isDecreasing
Is Financing Available For Qualified Buyers in Siesta Key?Yes
Comments on Financing For Qualified BuyersFinancing is available, however, the purchase of certain condominium products may require upto a 40% downpayment.
Existing Home Prices for the past 90 days areNo Change
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Housing Hot SpotsSiesta Isles, Our House at the Beach and Gulf and Bay Club are seeing nice activity.
Reason to Buy/SellSiesta Key was rated the #2 beach in the United States for 2009! Sarasota was aslo featured on the Today Show as the #1 place to purchase property in the country! Lower prices, good selection and competitive interest rates creates a perfect time to buy in Siesta Key and Sarasota!
Average Sold Price$550,000 - View Graph Trend

National Real Estate Market
National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...


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Dan Jasmer & Marnie Matarese
Dan Jasmer & Marnie Matarese
RE/MAX Excellence
Longboat Key, Florida
Dan 941-284-9893 & Marnie 941-809-8099
siestakey@agents.househunt.com
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Siesta Key Local News

News for Siesta Key, FL - Wednesday October 28th, 2009 11:38am
Siesta Key, FL. what a great 2009!

Siesta Key beach, located in Sarasota Florida had it's day in the sun as it made the #2 beach in the United States! This year Stephen Leatherman, known as Dr. Beach, named Siesta Key's beach as the second-best in the nation.

"I use 50 criteria to rate every beach, and in terms of sand alone Siesta Key is definitely the best in the world," Dr. Leatherman said. Science backs up the hyperbole: Siesta Key's beach is 99 percent quartz, which stays consistently cool and silky even in the peak of summer.

Siesta Key's downtown area which is better known as "The Village" by locals, received a multi-million dollar facelift during the offseason. Overhead utilities were buried, charming street lights, signage, paver sidewalks and lush landscaping were aslo added.

The main roads on the island were also recently paved finishing the over all make over.

There are plans in the works to make changes to the public beach parking lot which will add parking spaces and also some needed shade to the parking lot by adding oak and palm trees. Keep checking our site for updates on this proposed plan. We are hoping that it comes to fruition!

Season is right around the corner and we expect that the real estate market will continue to strengthen. We have seen solid sales through summer and into this fall which is usually a slow time for real estate in the area.

Inventory levels continue to decline and we hope this trend continues as it will ease the property value declines expreinced over the past 3 years.

We welcome your comments and questions regarding Siesta Key, Longboat Key and Sarasota Florida!


Contact Me
Dan 941-284-9893 & Marnie 941-809-8099
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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