Search condos for sale on Longboat Key, FL with real estate experts LBKathy Group.
The housing market on Longboat Key is fairly active. Last month, the average selling price for a home in Longboat Key reached $1.9M, marking an 84.5% increase from the previous year. Meanwhile, the average selling price per square foot has fallen to $706, a decrease of 14.8% from last year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
The condo market on Longboat Key experienced a slight adjustment in 2023, with the median sale price for condos slightly decreasing by 0.13% to $978,750 compared to 2022. This slight decrease contrasts with the general upward trend in both Sarasota and Manatee counties, where condo and townhome prices continued to rise.
Notably, Longboat Key saw a significant increase in the median days to contract for condos, jumping from 10 days in 2022 to 33 days in 2023, indicating a slower pace of sales compared to the previous year. The overall number of closed sales for condos also saw a small decline from 365 in 2022 to 338 in 2023.
Despite these adjustments, the market showed signs of normalization after the frenzied buying activity during the pandemic, with an increase in inventory contributing to a more stable environment. Realtors observed a return to more traditional buying patterns and a significant rise in condo listings, suggesting a healthy level of activity and interest on Longboat Key's lifestyle and amenities
Owning a condo on Longboat Key offers a multitude of benefits, including access to luxurious amenities and maintenance-free living that allows residents to fully enjoy the area's stunning beaches and natural beauty without the hassle of home upkeep. The community's strategic location provides a serene and upscale living environment, with easy access to fine dining, shopping, and entertainment options. Additionally, the slight decrease in median condo prices in 2023 suggests a potentially more accessible market for buyers.
For detailed, up-to-date information on buying a condo on Longboat Key, including legal considerations and market trends, you can talk to us.
The median sale price for condos on Longboat Key has experienced slight variations, reflecting the market's dynamics. For the most current figures, refer to local real estate listings or market analysis reports.
Focus on the condition of appliances, HVAC systems, roofs, and common areas. Also, check for signs of water damage or structural issues. Hiring a professional inspector familiar with condos is advisable.
This depends on the specific rules of the condo association. Some associations may have restrictions on renting, so it's crucial to review the bylaws and regulations before purchasing if you plan to rent out your property.
Amenities vary but often include access to beaches, pools, fitness centers, and sometimes tennis courts or golf courses. Detailed amenities will be listed in the property listings or condo association documents.
Condos offer a maintenance-free lifestyle, often with access to high-end amenities. This can be ideal for those seeking a lock-and-leave property, especially if you travel frequently or prefer not to deal with the upkeep of a standalone home.
Whether you have questions or are eager to find your dream property, we're here to guide you every step of the way. Contact us today to explore your opportunities in this paradise. Let's turn your Longboat Key aspirations into reality!
Unlock the secrets of Longboat Key with our exclusive neighborhood guide! Dive into a world of stunning landscapes, luxurious amenities, and a vibrant community. Don't miss out on the opportunity to discover the perfect place to call home. Visit our guide and start exploring the best of Longboat Key!
Kathy Callahan wants to help each of her customers with everything they might need when it comes to buying or selling a home. She cares about each of her clients as a friend, and her services reflect that dedication. Give her a call today to see what she can do for you.
