Real Estate Market Update for 34228 (Longboat Key, FL)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 24% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 750-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 20%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 480-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 34228 (Longboat Key, FL)
Area Information for 34228 (Longboat Key, FL)
  • Population: 6,945
  • Median Age: 69.68 yr
  • Median Commute Time: 19.66 mins
  • Sales Tax: 7%
  • Population Density: 1,682/sq mi
  • Population Change Since 2000: -8.67%
  • Closest Airport: Sarasota/bradenton International
  • Closest College: New College Of Florida
  • Closest Jr. College: Florida College Of Natural Health
  • Median Household Income: $103,746
  • Annual Residential Turnover: 18.86%
  • Median Years in Residence: 2.97 yr
  • Closest Major Sports Team: Devil Rays
  • Change Avg. Household Income Since 2000: 15%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 34228 (Longboat Key, FL)
Median Age: 69.68 Married: 75% Number of Households: 4,067 Households with Children: 145
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 34228 (Longboat Key, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.