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Longboat Key Condominium Sales

November 7, 2006

Currently on Longboat Key there are 432 condominiums for sale.  The average list price is $987,027.  These condominiums have been on the market for an average of 159 days.  With listing inventories at higher levels than in the past few years it is a pleasure working with buyers.  Previously impossible to find properties are now available.   Want a condominium on Longboat Key with beach access, a boat dock, rental income and one that allows pets? No problem.  In addition to the fine selection of properties, today’s buyer can find some real deals.

While increased inventory decreases an individual seller’s chance of a quick sale, there are sales.  We are seeing an increase in sales activity.  Currently there are  25 pending condominium sales on Longboat Key and 11 more under contract and listed as backup needed.  During the last 9 months 173 condominiums have sold on Longboat Key.  The average list price of those sold was $968,336 and the average sale price was $899,652.

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