2008 Lido Key Condo Review
| Lido Key Condos | 2008 | 2007 |
| Total # sold | 30 | 53 |
| Average price of solds | $882,350 | $933,478 |
| Most expensive sold | $2,375,00 | $3,360,000 |
| Least expensive sold | $185,000 | $270,000 |
| # sold under $500,000 | 14 | 24 |
| # sold from $500,001 to $1,000,000 | 5 | 16 |
| # sold over $1,000,000 | 11 | 13 |
There was a significant drop in sales of Lido Key condos from 2007 to 2008. This is a much different picture than what happened on Siesta Key. On Siesta Key there were 257 condo sales in 2008 compated to 199 in 2007. I think that is just a function of price. The average price of a Siesta Key condo dropped significantly from 2007 to 2008 while on Lido Key the average price of a sold condo only dropped slightly. It appears that the sellers need to adjust their prices downward if they want to get their condos sold. Perhaps in 2009 we will see an increae in Lido Key condo sales as sellers make price adjustments. So far the Siesta Key condo market seems to be the bright spot in the Sarasota real estate market.
| Lido Key Condos | January 4, 2009 |
| Total number for sale | 105 |
| Currently under contract | 2 |
| # for sale under $500,000 | 36 |
| # for sale from $500,001 to $1,000,000 | 34 |
| # for sale over $1,000,001 | 35 |
All of this data comes from the Mid Florida MLS system. There are sales that are not recorded on the MLS but it typically is not a significant amount.
Follow Lido Key condos for sale to get an up to date look at what condos are for sale on Lido Key. If I can be of any assistance in a purchase or sale please fill out the form below or call me at 941-812-6272.
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Sunday, 4. January 2009
A friend of mine just emailed me one of your articles from a while back. I read that one a few more. Really enjoy your blog. Thanks