Here are the latest absorption rates for Longboat Key Florida. 50k-500k range 115 active,10 under contract, with an absorption rate of 12 months. 500k-1million 125 active,3 under contract bringing the absorption rate to 22 months. 1 million and up has 110 active,4 under contract,with a final absorption rate at 28 months. Longboat Key is moving a little slower than some of the other beachfront areas. It takes a specific type of buyer most of the time. Those who do choose to move here have beautiful beaches and some great local restaraunts to choose from. If you have any Sarasota Real Estate questions feel free to contact Brent Tipton.
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