Siesta Key Real Estate Market Update (Sarasota Florida Area)

For the 6 months ending April 30th, 2010 there were 22 Single Family properties sold from $900,000 up to $2,567,900 on Siesta Key, 15 properties pending that were listed from $900,000 – $4,200,000 and 126 currently active properties from $900,000 to $15,000,000. Absorption rate averaged 16.8 months worth of inventory. Siesta Key is a barrior island located in Sarasota County (Southwest Florida). There are over 10,000 residences on the island.

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