Siesta Key is an 8-mile long barrier island situated off the coast of mainland Sarasota in Florida. This wonderful year-round recreational, and vacation destination is connected to the city by two bridges.
The area has long been known for the exceptional quality of its beaches, as well as the wonderful array of waterfront homes, condominiums and apartments, as well as wonderful places for shopping, dining and outdoor recreational activities.
What The New Housing Stats Tell About Local Markets
According to new real estate figures, the stats for Sarasota as a whole shows signs of a continuing rebound. Home sales in December 2007 were significantly up from November by 22.7 percent. As resort areas are getting good for well-prices properties, this city will be on a lot of prospective home buyer's destination lists, as interest rates today provide for a more enticing aspect, after the Fed rate cuts.
More home buying opportunities are seen ,as the area has a large inventory of homes and condos. Home buyers of excellent waterfront residential properties on areas like Siesta Key, Longboat Key and central Sarasota also will also enjoy the area's natural beauty, top-notch educational facilities, world-class cafes and restaurants, safe and clean environments, wonderful cultural venues and excellent health care facilities.
Waterfront Condo Sales Are Rising
It's often mentioned that the city of Sarasota is all about the water. At present, there are more than 100 Siesta Key condos on the real estate market, and these developments offer impressive waterfront views of the Gulf of Mexico. In the recent real estate boom, homes in this aera,particularly condos on Siesta Key, have risen in prices,as the city and Siesta Key as well made it to just about every destination list on the Internet. Whie at present prices have dropped, inventory is up and interest rates are down.
For prospective home buyers, the Saraosta MLS data reports that there are a lot of condos available for sale in these popular Siesta Key beachfront condominiums, with prices starting at $489,000 for a two bedroom and two bath unit. For those units that offer the most impressive waterfront views,buyers could expect to pay as much as $1 million and more. Waterfront properties, townhomes, condos and villas have always been popular with buyers from other areas, and overseas as well.
Condo Rentals Are ALso Up
Condo rentals on Siesta Key are also popular options for vacationing families and retirees alike. Each beach condo in this area has its own rental policy regarding minimum and maximum rental periods,a nd each condominium development offers a wide assortment of amenities to attract and entertain their visitors or residents.
According to statistics released by the Sarasota Board of Realtors, the Sarasota real estate market could be heading for a comeback. Seasonal buyers are looking at properties and showing schedules are getting tighter. With the Fed lowering the interest rate 75 basis points, high levels of inventory giving buyers a great choice of homes in our resort city, now is possibly the time to consider purchasing a home in South West Florida, particularly in this wonderful city.
Siesta Key, which is most famous for having the "World's Whitest Sand Beach," offers an eclectic and vibrant mix of expensive and medium-income level waterfront homes, beach cottages, and mid-rise condominiums. A significant number of property Investors and out-of-town residents alike continue to relocate to this Key for a relaxed and vibrant lifestyle.
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