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Siesta Key - Is Now the Time to Buy Your "Piece of Paradise" ?


Posted September 14, 2011



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Siesta Key is one of the major barrier islands situated just off Sarasota Florida and separated from the mainland by Sarasota Bay. On the Gulf side of this eight-mile long island, Siesta Key has some of the nicest beaches in the state of Florida facing the calm, warm waters of the Gulf of Mexico. Siesta Beach, itself, rated the #1 beach in America in 2011 by Dr. Beach, is world-famous for its soft white, powdery quartz sand, unsurpassed anywhere in America in its beauty.

On the inland side, Siesta Key faces Sarasota Bay and the Florida Intracoastal Waterway where residents and visitors enjoy boating and sailing on protected water and fishing along the edges of scenic mangrove forests.

The Travel Channel said of Siesta Key; "Relaxing is easy on Siesta Key with its sand as soft and white as sugar, its brilliant sunshine and azure waters. But be prepared, with so much to see and do, it's almost impossible to lie idly on this island!"

Siesta Key has shops and boutiques from the chic and elegant to the hip and funky, with all sorts of casual fashions, beach accessories and souvenirs. There are restaurants where you can grab a quick breakfast or lunch in your flip-flops or relax in style over an extraordinary dinner. And, of course, there are grocery stores, drug stores, a post office conveniently located on the island. And right across either of the two causeways lie all the arts, cultural and other venues that make Sarasota so attractive to so many.


SIESTA KEY AVERAGE MONTHLY TEMPERATURES
MONTH
HIGH
LOW
GULF WATER
RAINFALL
JANUARY 72 51 63 2.6"
FEBRUARY 74 57 64 1.5"
MARCH 77 57 68 4.3"
APRIL 81 59 74 1.01"
MAY 87 68 78 2.8"
JUNE 89 73 83 5.0"
JULY 92 75 86 7.9"
AUGUST 91 74 87 5.4"
SEPTEMBER 89 73 85 7.8"
OCTOBER 85 68 79 4.5"
NOVEMBER 80 80 72 2.0"
DECEMBER 73 59 67 1.91"

For housing, the Siesta Key real estate market offers a wide spectrum of options in an eclectic collection of settings. Siesta Key neighborhoods vary from an artists and writers colony at Siesta Village, single-family homes and condos, and exclusive waterfront estates. From one end of the island to the other, you will experience a vibrant island lifestyle. Many who live on Siesta Key consider it “Florida's Paradise.”

Despite the troubling condition of the overall Florida housing market, Siesta Key home and condo sales have increased each year since 2007. During the initial onset of the housing problem, prices on Siesta Key dropped dramatically. While single-family home prices have rebounded somewhat since their 2009 lows, Siesta Key home prices today are still nearly 40% below their 2007 level. Condominium prices are even more attractive, nearly 55% below their market highs.

So. Is Siesta Key a location you should strongly consider as you wonder where to buy that get-away spot or permanent home you’ve been dreaming about ? A lot of people think the answer is “yes.”

Sarasota Florida area yhome and condo buyers have been taking advantage of the still-depressed Siesta Key real estate prices to buy their own “Little Pieces of Paradise.” Although prices have crept up by about 17 - 20% in the past year, home and condo prices on Siesta Key are still very attractive at 40% to 55% below their highs. But hurry, this opportunity may soon be gone.

    If you'd care to comment on this article or any other facet of Sarasota Real Estate News, please visit my Sarasota Real Estate Blog.

   Would you like to know more about the Sarasota Florida real estate market in general, or the cultural, shopping or recreational amenities of Sarasota ?     I'd be happy to send you my free Sarasota Florida Real Estate and Lifestyle Package.  Or, if you prefer, call me directly at (941) 266-1799 or toll-free at my office at (800) 966-2334.



Information and opinions expressed above have been derived from a variety of sources
and are believed to be accurate and timely but are not warranted.



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