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        <title>Sarasota Real Estate Blog</title>
        <link>http://www.buysarasota.com/blog/condominiums/</link>
        <description>Read the Sarasota real estate blog and news presented by John Allen. View the latest information at our real estate blog for Siesta Key, Longboat Key, Lido Key and Casey Key Florida.</description>
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            <guid>http://www.buysarasota.com/blog/siesta-key-real-estate-update-february-2012.html</guid>
            <link>http://www.buysarasota.com/blog/siesta-key-real-estate-update-february-2012.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Siesta Key Real Estate Update - February 2012</title>
            <description> <![CDATA[ 
Each year, Siesta Key real estate activity on our websites and blogs increases dramatically each time Dr. Beach publishes his Top 10 Best Beaches report. Siesta Key, now at the no. 1 spot for 2011, has a new billboard that touts its top spot. Interest rates, single family home and condo real estate inventory are still good on the Key, and buyers are here. 


Many buyers of Siesta Key real estate have been coming to this word-famous beach for decades. These visitors have seen prices jump out of their reach, and now they are trying to get a piece of paradise before prices make another jump. Siesta Key’s weather, gorgeous white sand and the Gulf of Mexico are the big draw. The relaxed atmosphere of Siesta Key Village and the friendliness of the people as well as a laid-back resort lifestyle have visitors dreaming of owning their own sandcastle.


Siesta Real Estate Market


Both single family home and condo inventory are down. Buyers have been taking advantage of low prices and low interest rates. Prices start at $119,900 for a bank-owned condo at Ebbtide and go up to $2,499,999 for a 5 bedroom penthouse at Island House.  Pricing of single family homes start around $250,000.


Single Family Homes Sales Activity for Last 6 Months




Current Single family homes for sale: 170


Lowest Priced Home: $250,000


Highest Priced Home: $14,500,000


Pending Single Family Homes:  27


Single family Homes Sold Last 6 Months:  75


Lowest Priced Home Sold: $165,000


Highest Priced Home Sold: $4,100,000


Average Price Home Sold: $785,235


Median Price Home Sold: $530,000




Visit our Siesta Key homes section to view all current home listings for sale.


Siesta Key Condos Sales Activity for Last 6 Months (Condos, Villas &amp; Townhouses)




Current Listing Condos: 320


Lowest Priced Condo: $119,900


Highest Priced Condo: $2,499,999


Pending Condo Sales: 45


Condos Sold in Last 6 Months: 135


Lowest Priced Condo Sold: $100,000


Highest Priced Condo Sold: $1,890,000


Average Price Sold: $401,124


Median Price Sold: $340,000




You can view detailed information and search all active MLS listings at our Siesta Key condos for sale section of this website. Our website is updated daily with new listings!


Activities on Siesta Key include relaxing, beachcombing, shell collecting, boating, fishing, walking, swimming and shopping to name a few. Sarasota’s downtown cultural activities are a short drive from the Siesta Key too!


If you are looking for an experienced Siesta Key Realty company to help you navigate all the options, feel free to contact us today. Don’t miss out a good buy. Ask our team of experts to help you select a single family home or Siesta Key condo for sale that fits your lifestyle and budget.
 ]]> </description>
            <pubDate>Fri, 03 Feb 2012 10:30:00 -0500</pubDate>
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            <guid>http://www.buysarasota.com/blog/2011-market-update-sarasota-real-estate.html</guid>
            <link>http://www.buysarasota.com/blog/2011-market-update-sarasota-real-estate.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>2011 Market Update - Sarasota Real Estate</title>
            <description> <![CDATA[ 
Real estate in Sarasota, Florida has continued to sell at a brisk pace in 2011. The Sarasota Association of Realtors recently issued its August a press release reporting 599 properties sold in July 2011, a 14.3 percent increase from the previous year. In the&nbsp;July 2010 Sarasota real estate market, there were 525 property sales.

Single family home closings totaled 445 and 154 condos sold in July of this year. Four months in 2011, sales have hit the 700 level or above. July marked the fourth month in the previous 12 with sales exceeding 700 units. June sales reached 728 and May sales were the highest at 796 during Sarasotas busiest selling season. Sales in July, of course, cooled as summer arrived. The Federal homebuyer tax credit which was a selling factor also expired during this time.

Good News for Sarasota Real Estate Sellers in July 2011 

Excerpt from the SAR Press Release:

The total inventory of available properties dropped again to the lowest level in more than a decade. There were 2,829 single family homes and 1,656 condos on the market, for a total of 4,485 available properties. This is more than a 7 percent drop from the June 2011 total of 4,830, and a 25 percent drop from the July 2010 figure of 6,054. The decreased inventory could spur stronger competition for homes and condos, and subsequent price appreciation.

The median price of a single family home in July was $169,900, just slightly lower than the June figure of $175,000. The July 2010 figure stood at $155,000, so the median price was up almost 10 percent from last year at this time. The condo median price slipped to $145,000 from $185,000 in June, but was 14 percent higher than last July's median of $127,000.

The months of inventory rose to 6.4 months for single family homes, from last month's figure of 5.9 months. For condos, the months of inventory also rose to 10.7 months from June's figure of 8.2 months. Both figures remain far below the highs of 25.3 months for single family (in early 2009) and 41.7 months for condos (in late 2008). This statistic represents the time it would take to sell the existing inventory at the current month's rate of sales. The 6 month level is traditionally a point which represents equilibrium in the market between buyers and sellers.

Pending sales in July 2011 increased from 754 in June to 799. Pending sales in July 2010 were headed downward in the summer which indicated lower total sales in the fall period.

SAR President Michael Bruno point out that &ldquo;while we did see the market seasonally moderate in July from the hot selling pace weve experienced in the first half of 2011, these numbers still reflect strength in the market. There hasnt been an alarming drop in sales, and the higher number of pending sales signals a healthy fall market. The inventory of available properties remains at a low for the past decade, and this historically means we should experience upward pressure on prices. The percentage of distressed property sales has remained stable, which is another positive factor.&rdquo;

Short sales and foreclosure sales remained at &ldquo;38 percent of the July 2011 sales figures. In February 2011 distressed sales totaled 47 percent of total sales and in November 2010, distressed sales totaled 51 percent of total sales.

SAR President Bruno also stated that &ldquo;the impact of recent events in the financial market may cause some uncertainly in terms of national home sales, but we all know that real estate is local, and Sarasota is traditionally a market that emerges from tough times with strength and leads the new wave of prosperity.&rdquo;

Sarasota Real Estate Market Recap for July 2011


Total Properties Sold: 599

Single Family Homes Sold: 445

Condos Sold: 154

Median Price Single Family Homes: $169,900

Median Price Condos: $145,000


The Sarasota real estate market continues to tempt international buyers who have marked Sarasota as a &ldquo;hot&rdquo; destination for decades. Price adjustments have afforded many real estate buyers the opportunity of a lifetime to purchase a home or condo in one of the worlds most beautiful cities where culture and the arts intertwine with Sarasota's crown jewels, the barrier islands of Siesta Key, Casey Key, Bird Key, Lido Key and Longboat Key.
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            <pubDate>Mon, 29 Aug 2011 09:41:51 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/sarasotas-siesta-key-named-best-beach-in-the-united-states.html</guid>
            <link>http://www.buysarasota.com/blog/sarasotas-siesta-key-named-best-beach-in-the-united-states.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Sarasota's Siesta Key Named Best Beach in the United States</title>
            <description> <![CDATA[ 
Its official! &ldquo;Dr. Beach&rdquo; has confirmed what weve known all along: Siesta Beach was just named the #1 beach in the United States for 2011.

Dr. Stephen Leatherman (&quot;Dr. Beach&quot;) is the director of the Laboratory for Coastal Research at Florida International University. He considers 50 different criteria including sand, water quality, facilities and crowds to rank the nations beaches in his annual survey. For the past two years, Siesta Key held the #2 ranking. Dr. Beach cited several factors that helped Siesta Key Beach win the top spot for 2011:



Siesta Key's sugar white quartz crystal sand is considered by many to be the finest and whitest sand in the world.



Siesta Key blue and turquoise water is clean and clear.



The waves are small and currents are gentle making it a very safe area for children.



Siesta Keys expansive sand is hundreds of yards wide with plenty of room for volleyball players, sunbathers and beachcombers.



Looking for something to do on the beach besides the usual? There are daily yoga classes, weekly beach runs, and of course the weekly staple drum circle. Residents and tourists alike gather at sunset on Sunday evenings to enjoy the rhythm of hand drums and the colorful antics they inspire. Heres a link to a slide show by the Herald Tribune: Heres a link to a slide show by the Herald Tribune: Siesta Key Drum Circle

Search Siesta Key Real Estate Listings

Siesta Key Condos | Siesta Key Homes | Siesta Key Neighborhoods

Siesta Key Beach - America's Best Beach



Siesta Key's Calm Waters



Siesta Key's World Famous White Sand



Siesta Keys Unforgettable Sunsets



Paradise is waiting for you here on beautiful Siesta Key Florida.
Contact us today by email or call direct at 941-544-6467 if you are interested in learning more about the Siesta Key real estate market. ]]> </description>
            <pubDate>Tue, 31 May 2011 12:08:45 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/seaplace-condo-on-longboat-key-florida-just-listed-639000.html</guid>
            <link>http://www.buysarasota.com/blog/seaplace-condo-on-longboat-key-florida-just-listed-639000.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Seaplace Condo on Longboat Key Florida Just Listed - $639,000</title>
            <description> <![CDATA[ 
Are you searching for your slice of Paradise? We just listed a gem of a condo at Seaplace on Longboat Key. The owners did a fabulous job on renovations taking the space taking down walls and opening up the living/dining area to beautiful open style living. Sip your morning coffee and enjoy incredible close-up views of the Gulf of Mexico. The view changes every day from crashing waves to a calm still scene where you'll see seagulls and pelicans diving for their catch as sailboats drift in the distance.

New Listing: 2045 Gulf of Mexico Dr #109 Longboat Key, FL 34228

This condominium residence at Seaplace Longboat Key FL&nbsp;features 2 bedrooms, 2 baths and a screened lanai overlooking the swimming pool, beach and the Gulf. There is a laundry room in the condo and ample store as well. Enjoy the newly designed kitchen which features stainless appliances and granite countertops. The baths are beautifully finished with granite countertops also.

About Seaplace Longboat Key

Seaplace is a one of the most popular and affordable Longboat Key condominiums, located across Gulf of Mexico Drive from the south Bay Isles Gates. Amenities at Seaplace include tennis courts, clubhouse, fitness center, walking trail, 2 heated swimming pools and 2 spas. If you are a golfer, there are more than 80 golf courses in the Sarasota area where you can practice your putts.

Seaplace Real Estate Activity

There are currently 25 condos for sale at Seaplace.


Lowest Priced Condo: $249,000

Highest Priced Condo: $1,200,000

Condos Under Contract: 4

Condos Sold Last Six Months: 6

Average Selling Price: $340,250

Median Selling Price: $334,500


Seaplace residents enjoy Longboat Key's many restaurants, specialty shops, professional services and general island living. There are walking and biking trails as well as an array of water activities including swimming, diving, boating and fishing.

Located towards the&nbsp;southern end of Longboat Key, it is convenient for Seaplace&nbsp;residents to shop and dine on famous St. Armands Circle or drive to downtown Sarasota to attend the opera, ballet, theatre or a musical performance at the Van Wezel, Sarasota's performing arts hall. Sarasota is known for the beach and its wonderful climate, but the cultural venues of Sarasota complete with those of major cities.

For more information on Seaplace or other Longboat Key Florida real estate, contact the John Allen Team at 941-544-6467. Our team of experienced agents can help you sort through all of the options available to find the perfect property for your budget and lifestyle.
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            <pubDate>Sun, 23 Jan 2011 08:58:10 -0500</pubDate>
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            <guid>http://www.buysarasota.com/blog/positano-longboat-key-luxury-condos-on-the-gulf.html</guid>
            <link>http://www.buysarasota.com/blog/positano-longboat-key-luxury-condos-on-the-gulf.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Positano - Longboat Key Luxury Condos on the Gulf</title>
            <description> <![CDATA[ 
Situated on the beaches of the Gulf of Mexico, the luxury condos of Positano on Longboat Key offer residents luxurious amenities as well as an unparalleled level of privacy and security. In addition, thanks to the prime location of the condos in the middle of the island, residents of Positano in Longboat Key are also located only a short drive away from all the restaurants, shopping venues and other attractions found at St. Armands Circle and downtown Sarasota.

Positano was recently built in 2007 to the most stringent hurricane building codes. With only 29 units ranging in size from 3,156 to 3,319 square feet, residents of Positano enjoy plenty of space and privacy. All residences feature three bedrooms plus a den/office or three bedrooms with a den and family room. In addition, large verandas, enormous windows and high ceilings bring the outdoors inside. The residences perfectly blend indoor and outdoor living.

The private garages, the private elevators and the manned guard gate all add to the level of privacy and security that residents of Positano Longboat Key enjoy. In addition, thanks to the 10 acres of beachfront land on which the development is located, residents of the condos enjoy magnificent views as well as private beach access. At Positano, you're always just a few steps from the white sand and turquoise waters of the Gulf.

As might be expected from a low-density luxury condo development, residents of Positano in Longboat Key also enjoy access to a variety of on-site amenities. Some of these include a resort style swimming pool, cabanas, hot tub, a clubhouse and exercise facilities. Additionally, the first floor residences in each building have their own private pools.

Currently, there is only one listing available at Positano, priced at $3.95M. However, there have been two sales in 2010 for $2.25M and $2.85M. If you are looking for something less expensive, be sure to review all of the information we have available to you on the website. Longboat Key Florida has a wonderful selection listing inventory, prices have been reduced, interest rates are near historic lows&nbsp;and many sellers are motivated.
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            <pubDate>Fri, 29 Oct 2010 15:30:35 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/four-popular-lido-key-condos.html</guid>
            <link>http://www.buysarasota.com/blog/four-popular-lido-key-condos.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Four Popular Lido Key Condos</title>
            <description> <![CDATA[ 
Popular with buyers wanting to be close to St. Armands Circle and downtown Sarasota, Lido Key condos are available in a variety of price ranges. Known as a European style beach community, Lido Key is home to many international residents. Early morning beach walking is a daily occurrence as well as gatherings of friends and visitors for sensational Lido Key sunsets.

Lido Key residents enjoy the beach, shopping and dining on St. Armands as well as visiting cultural events such as the opera, ballet and symphony in downtown Sarasota.

Four Popular Lido Key Condos

Orchid Beach Club  one of Lido Keys newest condominiums buildings, Orchid Beach Club is a luxurious beachfront building. The amenities in this building are in line with what buyers currently expect in a luxury condo. Featuring a beachfront pool, state-of-the-art fitness center and an outstanding club house facility, this is a must see for the luxury buyer.

Lido Beach Club  Built in 1978, Lido Key Beach Clubs lobby was renovated recently. This beachfront building is right next door to the popular Tikki Bar at the Ritz Carlton Beach Club. There is a swimming pool and also onsite-management.

St. Armands Towers  Just across the street from Lido Key Beach, youll find the two towers of St. Armands. What a great location! Just minutes from famous St. Armands Circle, resident enjoy not only the beach but shopping and fine dining too. 

The Beach Residences  the personification of luxury is always found at the Ritz Carlton and The Beach Residences are no exception. Youll find beautiful architectural detailing in this building. The lobby is furnished exquisitely and the amenities are outstanding. Residents enjoy all of the Ritz Carlton services and the Ritz Carlton Beach Club is right on the property.

For more information on any of these properties, browse through&nbsp;our&nbsp;website or contact The John Allen Team at 941-544-6467 for help with your search. We show all Lido Key condos including Orchid Beach Club, Lido Beach Club, St. Armands Towers, The Beach Residences.
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            <pubDate>Fri, 24 Sep 2010 13:56:43 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/water-club-longboat-key-florida.html</guid>
            <link>http://www.buysarasota.com/blog/water-club-longboat-key-florida.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Water Club - Longboat Key Florida</title>
            <description> <![CDATA[ 
Located along prestigious Gulf of Mexico Drive, the two buildings of Water Club Longboat Key sit directly on a gorgeous stretch of the Gulf front beaches. The Water Club provides incredible amenities including a Gulf front resort style swimming pool and spa. In addition, there is&nbsp;a 24 hour guard gated entrance as well as outstanding concierge services to its owners and part-time residents. With one of Longboat Key real estate's most beautiful and efficient Club Houses, residents and guests experience the ultimate in luxury including an elegant entry for entertaining, library, game room, fitness center and ballroom for larger functions. In addition to a resort pool, there are lighted Har-Tru tennis courts on the grounds.

Longboat Key offers residents walking and biking trails, numerous outdoor activities and shopping and dining are a quick drive to St. Armands Circle. Of course, there Longboat Key Beach too!



Currently there are 12 Water Club condos for sale priced from $1,095,000 for a three bedroom, three bath residences with almost 3000 sq.ft. to $2,500,000 for a condominium residence offering full Gulf views. Seven condos have sold at Water Club in 2010 with sale prices ranging from $705,000 to $2,062,500.

Water Club - Current Listings



Active Listings: 12



Highest Priced Listing: $2,500,000



Lowest Priced Listing: $1,095,000



Median Listing Price: $1,942,500



Average Liting Price: $1,921,667



Listing Price PSF Range: $369 to $841



For more information on the water Club or any other Longboat Key real estate for sale, contact the John Allen Team at 941-544-6467. Our agents show Water Club on Longboat Key regularly.
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            <pubDate>Wed, 22 Sep 2010 09:48:39 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/sarasota-real-estate-market-sales-update.html</guid>
            <link>http://www.buysarasota.com/blog/sarasota-real-estate-market-sales-update.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Sarasota Real Estate Market Sales Update</title>
            <description> <![CDATA[ 
August 2010 Sarasota Real Estate Sales Rebound

Sales data just released from the Sarasota Board of Realtors show more positive signs than last months numbers. After a disappointing July, the Sarasota real estate market rebounded in August 2010. Sales were up nicely  8% over July 2010 In addition, sales were&nbsp;up 14.3% compared to&nbsp;August 2009. 

Total property sales this August totaled 567. &ldquo;This compared to 525 sales in July 2010 and 496 sales in August 2009.&rdquo; In August, 408 single family home sold. The median price reported was $154,500. Last month the median price was $155,000. In August 2009, the price was also $155,000. 

Condos sales totaled 159 in August. The median price rose by 22 percent to $155,000 from Julys figure of $127,000. &ldquo;For the last 12 months combined, the median sale price for condos was $169,900. Distressed condo sales have dragged the overall median price down substantially, with normal arm's length sales garnering three-times as much as bank-owned properties, and twice as much as short sales on average.&rdquo;

Pending sales rose in August to too. There were 816 pending sales, a 25 percent increase over July. Fall is looking good for an increase in sales too.

Eric Shumway, pointed out that &quot;it was very encouraging to see that the market recovered nicely after a drop in sales from June to July. After experiencing a five-year high in sales for the second quarter, everyone knew the loss of the homebuyer tax credit would have a negative impact. But we saw a big jump in sales for August, and prices held steady, so this market still has legs and the recovery appears to be a healthy one.&quot;

Contact the John Allen Team if you are interested in exploring current Sarasota real estate listings. Our agents specialize in luxury homes and condos on Sarasotas barrier islands of Siesta Key, Casey Key, Longboat Key, Bird Key and Lido Key.

Click HERE for the complete PDF version of the press release, along with two pages of statistical charts.
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            <pubDate>Wed, 15 Sep 2010 10:18:41 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/beau-ciel-hosts-cocktails-at-twilight.html</guid>
            <link>http://www.buysarasota.com/blog/beau-ciel-hosts-cocktails-at-twilight.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Beau Ciel Hosts Cocktails at Twilight</title>
            <description> <![CDATA[ 
 &ldquo;Cocktails at Twilight&rdquo; were enjoyed by a select group of Sarasota real estate brokers and&nbsp;residents of Beau Ciel in Sarasota. Barbara Mei, Realtor at Surfside Properties on Siesta Key was the hostess of this elegant event to introduce one of Sarasotas most beautiful buildings. 

Barbara spoke shortly of the outstanding features of Beau Ciel before turning over the podium to the buildings architect, Chuck Jones of Tampa. Chuck took the audience through the beginning concept of Beau Ciel which was originally sketched on a cocktail napkin at a meeting with the building developers. The Manager of the Hyatt Hotel, Beau Ciels neighbor, pointed out the amenities provided to Beau Ciel from the Hyatt, and The President of the Sarasota Chamber of Commerce rounded out the program.

Guests mingled with each other while sipping cocktails and visited several food stations with delicious edibles prepared by the Hyatt staff.

Beau Ciel was completed in 2003 and has outstanding views of the downtown Sarasota waterfront. The 17 story contemporary building offers &ldquo;resort amenities and magnificent views to opulent luxury and spectacular convenience.&rdquo; There are 8 condominiums for sale currently in the MLS at Beau Ciel. Prices range from $749,000 to $7,700,000.

Each residence has its own elevator. There is a gorgeous Lobby with a 24 hour concierge service, a social room with large catering kitchen, an outstanding fitness center, swimming pool and spa featuring an outdoor entertainment area. If you would like to know the complete list of Beau Ciels amenities or make an appointment to view one of these distinctive residences, please call the John Allen Team at 941-544-6467.
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            <pubDate>Thu, 01 Jul 2010 12:31:39 -0400</pubDate>
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            <guid>http://www.buysarasota.com/blog/sanctuary-condos-on-longboat-key-florida.html</guid>
            <link>http://www.buysarasota.com/blog/sanctuary-condos-on-longboat-key-florida.html</link>
            <author>john@buysarasota.com (John Allen)</author>
            <title>Sanctuary Condos on Longboat Key Florida</title>
            <description> <![CDATA[ 
Constructed from 1989 to 1991, Sanctuary condos are located&nbsp;behind the gates of the prestigious Longboat Key Club. There are five buildings comprising this complex. Residents love the wraparound terraces providing city, golf course and Gulf of Mexico views from many of these units.

Sanctuary Amenities include:



Olympic Pool and Spa



Hard-Tru Tennis Courts



Private Beach



Fitness Center



Clubhouse/Recreation



24-Hr Security



Longboat Key condos position on the Gulf of Mexico like Sanctuary provide residents the gentle sound of Gulf waters and white sandy beaches. Just a short drive from most condos located from mid island to the southern tip is excellent shopping on St. Armands Circle, dining and professional services. Sanctuary is a short drive from the Circle to downtown Sarasotas cultural venues. Sarasota International Airport is about 20 minutes away.

The Sarasota MLS currently reports 9 condos for sale at Sanctuary. Prices range from $999,000 to $2,650,000.

In the last few years Longboat Key real estate has adjusted, but buyers are busily searching for the best values on the market and jumping back in. High pending sales are a good indication that the Longboat Key market is in recovery. A good selection of condos for sale remains and Sanctuary could be the best value for you. In addition to Sanctuary, you will find similar amenities behind the gates of the Longboat Key Club at Beaches, Longboat Key Towers and LAmbiance.

Sanctuary Condo Update - April 2010:



Least expensive Condo: $999,000



Most expensive Condo: $2,650,000



Average Price: $1,667,888



Median Price: $1,649,000



Pending Sales: 4



Sold Last 6 Months: 5 ($725,000-$1,750,000)



For information on condos available at Sanctuary of Longboat Key, contact John Allen at 941-544-6467. John is experienced in the luxury buildings of Longboat Key. If you are planning a trip to Longboat Key to view condos, our calendar fills quick, so let us know when your plans are complete. Other condos to consider on Longboat Key are LAmbiance, Islands West and Water Club. 
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            <pubDate>Fri, 02 Apr 2010 14:55:05 -0400</pubDate>
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