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2014 Siesta Key 1st Quarter Luxury Real Estate April 2014

5831 Riegels Harbor Road Offered at $1,895,000

YOUR SIESTA KEY EXPERT


2014 SIESTA KEY 1ST QUARTER LUXURY REAL ESTATE MARKET REPORT I am pleased to present my 2014 First Quarter Market Report for Siesta Key. As an 18-year Siesta Key resident, I understand the importance of having accurate, detailed information on what is currently happening in the real estate market on our island. Based on our prior statistical research, the projections made in our last report have once again proven to be on target. Please feel free to contact me if you are considering a move, or would like a professional opinion of your home’s value and marketability in today’s market. I look forward to hearing from you! Judie

Berger, PA, ABR, GRI Judie.Berger@sothebysrealty.com ~ 941.928.3424

SIESTA KEY CONDOS – 1ST QTR 2014 COMPARISON TO 1ST QTR 2013 Price Point Under $500,000 $500,001 to $1,000,000 $1,000,001 to $2,000,000 Over $2,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2014

50

125

7.5

$322,515

2013

44

-

-

$326,964

Change

+14%

-

-

-1%

2014

17

69

12.2

$686,954

2013

22

-

-

$726,466

Change

-23%

-

-

-5%

2014

2

20

30

$1,450,000

2013

6

-

-

$1,370,208

Change

-67%

-

-

+6%

2014

1

6

18

$2,300,000

2013

1

-

-

$2,049,200

Change

0%

-

-

+12%

2014

70

218

9.3

$471,485

2013

73

-

-

$556,700

Change

-4%

-

-

-15%

FEATURED LISTINGS

5330 Siesta Cove Drive + Lot $3,350,000

5330 Siesta Cove Drive $2,350,000

8015 Midnight Pass Road $1,299,000

458 Island Circle $1,295,000

449 Canal Road $1,295,000

1258 Riegels Landing Drive $999,000

10 Lands End Lane $875,000

526 Treasure Boat Way $824,900


SIESTA KEY SINGLE FAMILY HOMES – 1ST QTR 2014 COMPARISON 1ST QTR TO 2013 Price Point Under $500,000 $500,001 to $1,000,000 $1,000,001 to $2,000,000 $2,000,001 to $4,000,000 Over $4,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2014

7

9

3.9

$400,014

2013

12

13

3

$414,533

Change

-42%

-31%

+30%

-4%

2014

14

42

9

$682,081

2013

23

39

5

$681,930

Change

-39%

+8%

+80%

0%

2014

12

34

8.5

$1,392,971

2013

7

41

18

$1,303,573

Change

+71%

-17%

-53%

+7%

2014

0

36

N/A*

*

2013

3

32

32

$2,233,333

Change

N/A*

+13%

N/A*

*

2014

2

26

39

$5,660,000

2013

2

26

39

$7,125,000

Change

0%

0%

0%

-21%

2014

35

147

12.6

$1,153,854

2013

47

151

10

$1,079,443

Change

-26%

-3%

+26%

+7%

* Cannot be determined with 0 sales activity for the quarter

A SELECTION OF HOMES SUCCESSFULLY SOLD BY JUDIE BERGER SOLD

SOLD

SOLD

SOLD

7805 Midnight Pass Road $2,700,000 List Price

13211 Palmers Creek Terrace $1,695,000 List Price

3147 Founders Club Drive $1,395,000 List Price

7251 Plovers Way $1,295,000 List Price

SOLD

SOLD

SOLD

SOLD

5322 Siesta Cove Drive $1,250,000 List Price

5415 Azure Way $1,249,000 List Price

5353 Cape Leyte Drive $1,085,000 List Price

5303 Cape Leyte Drive $925,000 List Price

TRUST THE REALTOR WITH PROVEN RESULTS

941.928.3424 – judie.berger@sothebysrealty.com ©2014 Premier Sotheby’s International Realty. All rights reserved. This material may not be reproduced, displayed, modified or distributed without the express prior written permission of the copyright holder. Premier Sotheby’s International Realty is a holding of The Lutgert Companies. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered service marks used with permission. Each office is independently owned and operated. Equal Housing Opportunity. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Based on information from Mid-Florida MLS for the period January 1, 2013 to April 1, 2014. These properties were not all listed and/or sold by Premier Sotheby’s International Realty and were listed and/or sold by various MLS participating offices. Information deemed accurate but not guaranteed. *Source: BrokerMetrics® and proprietary data. Sales volume of residential homes, condominiums and vacant land that listed, closed and recorded in MLS plus proprietary records.


Judie Berger, PA, ABR, GRI Premier Sotheby’s International Realty The Plaza at Five Points 50 Central Avenue, Suite 110 Sarasota, Florida 34236

Trust the Power of Your Siesta Key Expert and Premier Sotheby’s International Realty “Without a doubt you are the best we have ever worked with. A true professional. Judie, as sellers we could not be happier. As good as you are at all the other Realtor skills; you absolutely shine as a negotiator. You are a credit to your profession.” —Peter & Mary Gravelle, Sarasota, FL and Plymouth, MA “Judie represented me in the sale of my home with grace, a great attitude, and professionalism. I couldn’t be more pleased with her tireless efforts and the results. I will refer her to everyone I know, and use her again in my future transactions.” —Jonathan Stahr, Siesta Key, FL and Elkhart, IN “Judie sold our home in two days for more than list price, and at a much higher price than similar homes in our neighborhood. She was precise, thorough and an excellent negotiator. We have already referred her to other neighbors.” —Fred and Cathy Crehan, Siesta Key, FL “We wish to express our thanks with the way you represented the sale of our home, as well as the purchase of our new home. I have been involved in hundreds of real estate transactions during my career, so I understand the time and effort it requires from listing to closing. We both appreciate your extraordinary, friendly, courteous and professional style.” —Gary & Yvonne Fadely, Sarasota, FL and Topeka, KS

Judie Berger Your Leader in Siesta Key Home Sales Judie Berger

REALTOR® Top Producer on Siesta Key

941.928.3424

judie.berger@sothebysrealty.com 8 Years in a Row

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2014 Siesta Key 1st Quarter Luxury Real Estate Market Report