Search homes for sale in Siesta Key, a go-to place for a relaxing getaway on Florida's Southwest Coast.
Siesta Key Real Estate Overview
Siesta Key, a gem in the real estate world, presents a somewhat competitive market landscape. The recent trends have shown a 3.6% increase in median sale prices over the past year, reaching $1.1M. Despite this growth, there's a noticeable adjustment in the price per square foot, now at $703, reflecting a 6.4% decrease from last year.
As of October 2023, the Siesta Key housing market exhibits a vibrant yet stable environment. Homes typically remain on the market for about 70 days, closely mirroring the previous year's duration. The number of homes sold has seen a slight decrease from 26 to 18 compared to last year, indicating a selective yet active market.
Homes in Siesta Key are selling relatively quickly, with an average market presence of 32 days. The competitive nature of this market is highlighted by some homes receiving multiple offers. Generally, homes sell for around 4% below the listed price, while "hot homes" – those in high demand – may sell for about 1% below the list price and go pending in as little as 10 days.
If you're contemplating purchasing a property in Siesta Key or have any questions regarding this unique market, I am here to assist. With professional insights and a deep understanding of the Siesta Key real estate landscape, I can guide you through making an informed and confident decision.
Contact me today to explore the potential of Siesta Key real estate – whether you're looking to invest, find a new home, or simply explore your options. Let's navigate this dynamic market together, ensuring your real estate journey is as seamless and rewarding as possible.
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.
