Sunday, October 11, 2009

Water Club Condos on Longboat Key Update

Water Club Resort Pool at Longboat Key FLOur November 2008, Water Club report, highlighted 12 Longboat Key condos available at Water Club in the Sarasota MLS.

Water Club is located along Longboat Key's prestigious Gulf of Mexico Drive and is positioned along the shores of the Gulf. This condominium provides outstanding amenities and excellent concierge services to its owners as well as part-time residents. With one of the most beautiful and efficient Club Houses, residents and guests experience the high-end luxury including an elegant entrance for entertaining, library, game room, fitness center and ballroom for larger functions.

Currently there are 17 condos for sale at Water Club priced from $900,000 to $3,400,000. There are two sales pending and in the last six months 7 condos have sold with selling prices ranging from $1,100,000 to $3,000,000.

Residents enjoy the beach, swimming, fishing, boating and tennis. St. Armands Circle and downtown Sarasota are short drives for shopping, cultural activities and dining.

For more Sarasota FL real estate information on Longboat Key condos, contact John Allen at 941-544-6467 or Annette Smith at 941-504-3922.

Friday, October 9, 2009

October 2009 Longboat Key Condo Market Snapshot

Beachfront Pool at Water Club, Longboat Key Florida



October 2009 Longboat Key Condo Market Snapshot


The Longboat Key real estate market has been brisk with activity as savvy buyers are taking advantage of reduced prices on very desirable condominium residents. For those on the fence, there is still a nice selection of inventory in all price ranges.
Longboat Key Condominium Inventory and Sales
Current Inventory
  • Active Listings: 395*
  • Highest Priced Condo: $5,000,000 (Bleu Claire)

  • Lowest Priced Condo: $145,000

  • Average Listing Price: $876,903

  • Median Listing Price: $599,000

  • Average Days on Market: 332
Condos Under Contract

  • Pending Sales: 49*

  • Highest Priced: $1,695,000 (Water Club)

  • Average Listing Price: $522,063

  • Median Listing Price: 410,000
Recently Sold Condos (last 90 Days)

  • Condominiums Sold: 65*

  • Highest Sale Price: $2,200,000 (Water Club)

  • Lowest Sale Price: $185,000

  • Average Sale Price: $575,982

  • Median Sale Price: $$450,000
**Includes Condos, townhomes, and villas
Contact John Allen or Annette Smith if you are interested in exploring current opportunities in the Longboat Key condo market.