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Siesta Key Condo Update

July 1, 2009

Palm Bay Club

Currently on Siesta Key there are 401 condominium properties for sale ranging from $30,000 for a fractional ownership to $4,250,000 for a gulf front penthouse. There are 39 condominium properties currently under contract at an average price of $496,464 or $387.22 per square foot. The highest pending sale is $813.57 per square foot or $1,399,000. The lowest price pending sale is $149,900. So far this year 84 condominiums on Siesta Key have been sold at an average of 90% of list price. The average sale price was $521,738 or $398.52 per square foot. The average days on market for these sold properties was 235. The highest sales price YTD has been $2,225,765.

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