Welcome to the August Real Estate Update for condos and townhouses on Siesta Key, reflecting market activity from July 2026.
July brought a significant increase in sales activity compared with the same month last year. Closed sales jumped 166.7%, while pending sales were also up more than 27%. At the same time, the number of new listings declined, and active inventory was slightly lower than a year ago.
July Market Snapshot
- Active Listings: 196 — down 5.3% year over year
- Pending Sales: 28 — up 27.3% year over year
- Closed Sales: 24 — up 166.7% year over year
- New Listings: 20 — down 16.7% year over year
- Average Sale Price: $1,557,229 — up 79.7% year over year
- Median Sale Price: $783,000 — down 15.4% year over year
What Do These Numbers Tell Us?
The most notable change in July was the surge in closed sales, with 24 condos and townhouses selling compared with just 9 during the same period last year.
The average sale price also increased substantially. However, the median sale price declined 15.4%, which tells us that the average was likely influenced by a greater number of higher-priced properties selling during the month. In other words, the average price doesn’t necessarily mean that values across the entire market increased by nearly 80%.
With pending sales up 27.3% and active inventory slightly below last year, there continues to be meaningful activity in the Siesta Key condo and townhouse market.
As always, one month’s numbers don’t tell the entire story. I’ll continue tracking these statistics each month to give you a clearer picture of where the Siesta Key real estate market is headed.
Thinking about buying or selling on Siesta Key? Let’s talk about what the current market means for you