Orchid Beach Club Market Update

by MarcRasmussen on September 21, 2011

Orchid Beach Club Sarasota Florida

Activity in the Orchid Beach Club is a little slow this year with only 2 sales. In 2010 there were 6 sales in this complex. Below you will see sales since 1/1/2010.

2050 Ben Franklin Dr # D802 2,375,000 8/24/2011
2050 Ben Franklin Dr # B904 1,600,000 5/6/2011
2052 Ben Franklin Dr # PH110 2,575,000 11/19/2010
2050 Ben Franklin Dr # 303 B 1,000,000 8/26/2010
2050 Ben Franklin Dr # 504B 1,395,000 6/30/2010
2050 Ben Franklin Dr # A502 1,350,000 5/17/2010
2052 Ben Franklin Dr # 301C 2,400,000 3/17/2010
2052 Ben Franklin Dr # 801C 2,475,000 1/28/2010

 

While other segments of the Sarasota real estate market are busy this community is a bit slow. Currently there are six condos for sale here. You can catch a glimpse of them here – Orchid Beach Club.

Sarasota real estate inventory

 

This chart represents total inventory for Sarasota county. The green bars represent the number of properties for sale for the past 5 years. As you can see we are eating through our inventory nicely. The red line indicates pending sales and the dark green bars are closed sales. The demand remains brisk. The Sarasota county inventory levels have dropped below 5,000 for the first time in many years.

Lido Key Real Estate

Since the beginning of the year there have been 40 condo sales on Lido Key.

Condos Sold on Lido Key 1/1/2011 – 9/21/2011

  • 40 condos sold
  • Lowest sold price – $176,000
  • Highest sold price – $2,850,000
  • Average sold price – $752,225

The most expensive sale was for $2,850,000 and it was in The Beach Residences building. For more stats visit Lido Key Real Estate market update.

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