TRENDS 941.928.3424 | judie.berger@premiersir.com | homesofsarasota.com 2023 YEAR END 2024 FORECAST DEFINING THE NEXT EVOLUTION OF LUXURY SIESTA KEY 1035 SEASIDE DR #501 | PENDING | $5.25M
SIESTA KEY FORECAST: A REFLECTION
As we begin 2024, the Siesta Key real estate market stands as a testament to enduring resilience. 2023 has been a narrative of subtle shifts and steadfast values, epitomizing the enduring desire for the island lifestyle and stability that Siesta Key is renowned for.
The overarching sentiment as we bid adieu to 2023 is one of cautious yet palpable optimism. The market dynamics this year have been reflective of a thoughtful and deliberate decisionmaking process, indicative of a market that values quality and foresight. The calming of mortgage rates and the consistent influx of discerning buyers, retirees, and investors to Sarasota continues to underpin the market’s vitality.
In a market that speaks the language of luxury and discernment, the single-family homes sector paints a picture of steady assurance. Witnessing a slight recalibration, the average sales price for single-family homes adjusted to $2,403,011, a nuanced variation from the previous year. This gentle modulation is not a detour but a sign of a self-correcting market that mirrors the cautious optimism of national trends. Amidst this, Siesta Key has maintained its allure, with premier properties—those boasting of state-of-the-art construction or those transformed through meticulous renovations—continuing to captivate high-end buyers.
The condominium market, a vibrant tapestry of modernity and convenience, has seen a remarkable upswing. Climbing to an average sales price of $1,060,312, it marks a significant 14.9% increase year-over-year. This surge is a clear indicator of the undiminished appeal of Siesta Key’s condos, which combine the essence of luxury living with the serene beauty of Sarasota’s Gulf Coast. The demand for these strategically located sanctuaries remains robust, reflecting the aspirations of those seeking a harmonious blend of luxury and ease.
Single Family Homes
$2,403,011
Average Sales Price Q4 2023
$2,427,121
Average Sales Price Q4 2022
.99%
Year Over Year
Condominiums
$1,060,312
Average Sales Price Q4 2023
$923,164
Average Sales Price Q4 2022
14.9%
Year Over Year
Looking forward, the Siesta Key market is poised on the cusp of steady, measured progress. The demand for high-caliber homes in this sought-after enclave remains unwavering. In 2024, the market is expected to sustain its tempered yet positive momentum, reaffirming Siesta Key’s status as a premier destination for refined living.
2024
OF RESILIENCE &
LUXURY
3200 HIGEL AVE | $3.65M
|
5345 SIESTA
CT
$1.449M
5102 SANDY COVE AVE
| $2.25M
| $1.595M NEW NEW
622
TROPICAL CIRCLE
Have we met yet? If you’re considering a move and would like to discuss detailed information about market trends in your neighborhood with Siesta Key’s top-selling agent, please contact me for a confidential consultation; I look forward to discussing your real estate goals with you. For a full report on Siesta Key and the Sarasota-Manatee area that is sent regularly to my private client list, please contact me at 941.928.3424 or judie.berger@premiersir.com.
SUCCESS STORIES
“There is a reason Judie Berger is so successful - she focuses on the details and she does the work! Her superpower is her intelligence, and she uses that gift so well in determining the essential value of your property and how to bring it most effectively to the market. She is strategic, and very data driven in her analysis. With that analytical orientation, she is able to read the sometimes very subtle signals of the market, often before others. She is a very seasoned professional with deep knowledge and experience. And on top of all that, she is a pleasure to work with. We easily give her our highest recommendation.”
- Marge Dolan & Veronica Murry
NEW LET’S TALK
565
COMMONWEALTH PL | $1.695M
5188 SIESTA WOODS DR | $1.8M
5125 OAKMONT PL | $1.599M
3532 FLAMINGO AVE | $3.2M
5305 AVENIDA DEL MARE | $1.745M
NEW
319 OGDEN ST | $1.725M
NEW NEW NEW
SUCCESS STORIES
“You can’t go wrong with Judie Berger! When I decided to sell my home on Siesta Key, I wanted to find the best, most experienced realtor to help me market and sell my property. I had interviewed three or four realtors when I met Judie Berger. It was evident after the first five minutes of our conversation that she was far superior in knowledge, personality and experience to any of the other realtors I had interviewed. She was extremely knowledgeable about the Sarasota real estate market and she came prepared with a marketing plan to sell my home. Without hesitation, I chose Judie to list my house and I’m sure glad I did.”
- Allen Carman
5951 SNOWY EGRET DR | $825K
8728 MANGILLI RD | $1.495M
| $745K PENDING PENDING
HOUSE OF THE SUN | $1.039M
VILLA NAVARRA
7345 PINE NEEDLE RD | $2.75M
3913 HAMILTON CLUB CIR #2 | $1.695M
5322 AVENIDA DEL MARE | $2.3M
NEW NEW NEW
1774 MEADOWOOD ST | $2.875M
NEW
SUCCESS STORIES
“We could not be happier with our experience with Judie Berger and her team. Judie helped us with the sale of our home on Siesta Key and the purchase of our new home on Siesta Key. She is friendly and a pleasure to deal with, very detail-oriented and listened to what was important to us. Also, her experience and knowledge meant that we had no surprises at closing for either transaction. We were in really good hands all along the process for both the sale and the purchase of our properties and we would not want to use anyone else should we be in the market again.”
- Harald & Cori Hvideberg
PENDING
3650 FLAMINGO AVE | $4.35M
642 WATERSIDE WAY | $3M
5322 SIESTA COVE DR | $3.595M
NEW PENDING NEW NEW LISTINGS
7247 TURNSTONE RD | $3.25M
816 EDGEMERE LN | $2.95M
3201 CASEY
KEY RD | $5M
1280 HIDDEN HARBOR WAY | $7M
778 SIESTA DR | $6M
3731 INDIAN BEACH PL | $6M
4034 ROBERTS POINT RD | $5.6M
521 CASEY KEY RD | $5M
8415 MIDNIGHT PASS RD | $4.775M
854 N CASEY KEY RD | $4.35M
5315 HIDDEN HARBOR RD | $4.15M
728 N CASEY KEY RD | $4M
1035 SEASIDE DR #501 | $3.95M
326 ISLAND CIR | $3.9M
3423 LA PALOMA AVE | $3.55M
7340 PINE NEEDLE RD | $3.5M
7323 PINE NEEDLE RD | $3.375M
642 WATERSIDE WAY | $3.2M
713 TREASURE BOAT WAY | $3.1M
5382 SHADOW LAWN DR | $3
746 SIESTA DR | $2.75M
8008 MIDNIGHT PASS RD | $2.675M
6909 LONGBOAT DR S | $2.615M
657 SIESTA DR | $2.5M
497 ISLAND CIR | $2.45M
4904 HIGEL AVE | $2.355M
614 AVENIDA DE MAYO | $2.275M
7840 MIDNIGHT PASS RD | $2M
1844 OLEANDER
ST | $1.94M Judie Berger, PA, ABR, GRI Premier Sotheby’s International Realty The Plaza at Five Points 50 Central Avenue, Suite 110 Sarasota, Florida 34236 © 2024 Sotheby’s International Realty Affiliates LLC. A Realogy Company. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. 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. Each Office is Independently Owned and Operated. 25 Years Connecting Buyers and Sellers Ranked in the Top 1.5% of Realtors ® in the USA Judie Berger, P.A., REALTOR ® Judie.Berger@PremierSIR.com 941.928.3424 homesofsarasota.com SIESTA KEY’S TOP SELLING REALTOR ® SINCE 2005 No.1 SOLD SOLD SOLD PENDING GULF & BAY CLUB BAYSIDE | $1.505M CASA BLANCA | $1.449M SIESTA KEY | BUYER | $2.355M CASEY KEY | $4.35M OVER $175 MILLION SOLD IN 2022-2023 832 FREELING DR | $5M SANDERLING CLUB | SIESTA KEY | $3.375M SOLD PENDING