Siesta Key is widely known for its beautiful beaches. Not only has the Siesta Key real estate market improved, but the areas around it that are inland have also seen big increases. Here is the absorption rates for Siesta Key.... 50k-500,000 195 active listings 46 under contract bringing the absorption rate to 4 months. 500k-1,000,000 44 active listings and 2 under contact giving an absorption rate of 22 months. Here's the shocker. 1,000,000 and above 32 active listings 3 under contract giving the final absorption rate to 11 months. It appears that Siesta Key is becoming one of the hot spots if you're investing in a 1 million or over purchase.
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