Anna Maria Island Sales Info 2010

Sales Information for Anna Maria Island, 2010

December 2010

The month just completed shows another strong performance in terms of number of sales, with 35 compared to 28 in December 2009, an increase of 25 percent.

But the average price per square foot was way off, in each of our main categories: single family homes down 12 percent, condos down eight percent and the only duplex sold showing a 25 percent decrease.

Looking at the year in total, though, the picture is a bit rosier. While values on price per square foot are also down for the entire year of 2010 compared to 2009, they're not down much. And sales for the whole year are up 35 percent in number, which is very respectable, with more than 300 total sales.

Here's the data, as usual, drawn from the Manatee Multiple Listing Service as provided by MyFlorida MLS.

Sales December 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 12 197 1,769 $571,192 $506,188 $288 90%

Condo 14 312 1,024 $485,236 $427,625 $377 91%

MultiFamily 2 367 2,164 $343,313 $313,000 $150 93%

Totals 28

Sales December 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 19 176 1,914 $539,947 $475,961 $253 90%        (0.12)

Condo 15 302 1,233 $486,547 $438,540 $346 93%        (0.08)

MultiFamily 1 681 1,500 $223,000 $170,000 $113 76%        (0.25)

Totals 35         0.25

Year end 12-31-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 120 226 1,791 $589,424 $521,588 $302 89%

Condo 96 300 1,119 $391,544 $350,393 $302 90%

MultiFamily 9 269 1,989 $402,836 $361,906 $185 91%

Totals 225

Year end 12-31-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 186 208 1,749 $562,562 $501,802 $294 91%        (0.03)

Condo 95 238 1,052 $340,476 $307,950 $286 92%        (0.05)

MultiFamily 23 206 1,999 $441,594 $392,326 $181 90%        (0.02)

Totals 304         0.35

November 2010

November provides another mixed month in sales results for properties on Anna Maria Island, with total sales up 41 percent in year-to-year data, and fairly steep declines in the average price per square foot of single family homes and condos.

Again, it's good news for buyers; not so good for sellers. Here's stern advice for those who really, really need to sell: Get price competitive now. Your property could be worth less tomorrow.

For buyers, now IS a good time to buy. But buy to hold, not to flip, as short term signs still point to a decrease in value pretty much across the board.

Here's the raw data from MyFlorida Regional Multiple Listing Service, with all the good (or bad) news:

Sales November 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 9 200 1,804 $610,922 $466,939 $280 91%

Condo 8 443 950 $267,975 $234,875 $249 88%

MultiFamily 1 19 2,080 $318,500 $310,500 $149 97%

Totals 18

Sales November 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 16 159 1,941 $668,544 $556,781 $256 85%        (0.09)

Condo 7 123 787 $172,929 $160,171 $201 94%        (0.19)

MultiFamily 2 158 2,410 $554,500 $410,000 $188 76%         0.26

Totals 25         0.39

Year end 11-30-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 116 222 1,799 $596,106 $529,678 $309 90%

Condo 86 292 1,129 $371,834 $333,488 $288 90%

MultiFamily 8 265 1,962 $417,350 $372,645 $191 90%

Totals 210

Year end 11-30-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 179 211 1,733 $565,541 $504,839 $298 91%        (0.04)

Condo 94 239 1,019 $338,727 $304,935 $291 92%         0.01

MultiFamily 24 200 2,035 $442,512 $394,979 $182 91%        (0.05)

Totals 297         0.41

Remember, the "% Change" above is the change in average price per square foot for the period involved. If you're really interested, check below for other months. See how the market is moving.

October 2010

October sales results for home, condo and multi-family properties on Anna Maria Island are quite intriguing.

1) The exact same number of homes, condos and duplexes were sold in both 2009 and 2010

2) The average price per square foot for homes sold in October 2010 is up 22 percent over October 2009; for condos, it's down 28 percent. For the only duplex, the appsf is up 18 percent.

3) Longer term trends, using data for year-end October 31, 2010 versus the prior year are also somewhat mixed, with the appsf slightly down for homes, VERY slightly up for condos and a bit down for multifamily properties.

4) The pace of sales is starting to slide a bit off the overheated levels of the summer, now up ONLY 41 percent from the prior year, with 290 sales for the year ended 10-31-10 versus 205 for the previous year.

What the HECK does this mean? I believe that we're bouncing along the bottom now, with plenty of buyers out there to obtain special deals. For home sellers, if the price is low enough in the category, it will sell. For home buyers, if the price is right, it's now OK to buy without having to further worry about price devaluation. At least that seems to be true in the micro-economy of Anna Maria Island.

On the other hand, if the macro-economy of the USA goes further in the tank, which it might, all bets are off. At least here on AMI, inventory is pretty stable, we still have beautiful beaches, owners who choose to rent their places at least some of the time can get great returns, and the sun is shining.

Here is this month's raw data:

Sales October 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 10 339 1,775 $464,350 $425,250 $249 92%

Condo 8 241 1,102 $492,276 $472,634 $379 97%

MultiFamily 1 767 2,056 $480,000 $430,000 $209 90%

Totals 19

Sales October 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 10 154 1,560 $498,076 $465,050 $303 94%         0.22

Condo 8 276 1,271 $374,950 $321,500 $271 90%        (0.28)

MultiFamily 1 95 1,575 $439,500 $389,000 $247 89%         0.18

Totals 19            -

Year end 10-31-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 115 219 1,800 $624,208 $554,002 $321 90%

Condo 82 273 1,144 $380,011 $340,524 $290 90%

MultiFamily 8 269 1,862 $407,525 $363,820 $196 90%

Totals 205

Year end 10-31-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 172 215 1,717 $553,101 $498,024 $301 91%        (0.06)

Condo 95 264 1,030 $344,986 $309,702 $294 91%         0.01

MultiFamily 23 196 2,003 $427,382 $390,000 $180 93%        (0.08)

Totals 290         0.41

September 2010

The pace of sales has slowed ever-so-slightly here on Anna Maria Island, now only 47 percent greater than in the prior year ending September 30. In fact, there were 289 closings of single family homes, condos and/or multifamily properties in the year just ended, versus 196 closings in the year endind September 30, 2009.

Once again, we note a buyer's market for properties in the cities of Anna Maria, Holmes Beach and Bradenton Beach, with unit increases in all three categories for the year. Perhaps most striking is the increase in multifamily sales, with 23 closings in the most recent year compared with only eight in the prior year. Single family homes are also up, at 172 vs 111. And even condos are up at 94 compared with 77 in the year ending 2009.

Month-to-month comparisons are also interesting. Single family homes sold more than twice as fast in September 2010, with 20 closings compared with just nine in 2009. Eleven condos sold in September '09, versus eight in the month just ended. Four multifamily properties closed this September; there were none in 2009.

Trends are best represented by the larger numbers of sales from annualized data, since month-to-month information can be skewed somewhat with a small sample.

For example, note that the average selling price per square foot for homes in the year ending September 30, 2010 shows at $299. During the year ending September 30, 2009, the average ppsf was $330. This indicates a nine percent drop in that key statistic. But looking at residential sales for this September, we see the average ppsf is at $319, versus $334 in 2009. That's down only four percent, and yet, it's slightly above the annualized average.

In the condo category, the average ppsf for the year ending September 2009 was $285; this year, it's $302, an increase of six percent. But looking at September '09 comparerd to September '10, we see a significant decrease, from $296 to $238.

Does any of this mean that prices have begun to stabilize? I believe it's still too soon to tell. I'm putting this month's charts below to help you develop your own opinions. Take a look at September and then scroll down for August, further for July, etc. It could be that with a decreasing inventory thanks to the hot levels of sales, that we'll begin seeing solid signs of stability in the average price per square foot.

Only time will tell. Once again, this data is from the MyFlorida Multiple Listing Service and is deemed accurate, but not warranted.

Sales September 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 9 134 1,959 $632,644 $578,611 $334 92%

Condo 11 367 1,226 $404,545 $363,818 $296 90%

MultiFamily 0

Totals 20

Sales September 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 20 242 1,565 $571,450 $501,990 $319 90%        (0.04)

Condo 8 220 1,083 $269,319 $214,750 $238 89%        (0.20)

MultiFamily 4 146 2,122 $337,200 $301,250 $148 91% #DIV/0!

Totals 32         0.60

Year end 9-30-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 111 214 1,825 $656,494 $579,606 $330 89%

Condo 77 235 1,143 $370,392 $328,726 $285 89%

MultiFamily 8 211 1,931 $622,525 $535,070 $256 89%

Totals 196

Year end 9-30-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 172 183 1,726 $552,037 $496,466 $299 91%        (0.09)

Condo 94 260 1,016 $354,609 $322,136 $302 92%         0.06

MultiFamily 23 186 2,025 $429,143 $391,783 $178 93%        (0.30)

Totals 289         0.47

August 2010

Sales for the last year of residential and income properties on Anna Maria Island are still up 50% compared to the prior year, with 277 units sold during the year ending August 31, 2010 and 183 in the year before.

Month-to-month sales also show an increase of 22 percent with August 2010 showing 28 sales and August 2009 totaling 23.

And the average price per square foot for single family homes has increased for the second month in a row (although only four percent), from $279 psf in August 2009 to $291 psf in August 2010. Last month, the increase was up five percent.

Condo unit sales are up, with 10 in August versus seven a year ago, but price per square foot is down from $320 to $245, almost 25 percent. Smaller units were sold, also, at a much lower average selling price.

To better understand the overall trend, though, it may be more helpful to note year ending data. Residential average price per square foot is down from $330 to $299. Average selling price has dropped from $576,416 to $500,372.

Condo averages are up seven percent this year, though, with selling prices at $335,719 for 2010 and $328,133 for 2009.

Multifamily numbers are up, but prices are down, as are the average price per square foot.

Here's the data:

Sales August 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 16 245 1,947 $592,156 $524,270 $279 89%

Condo 7 325 901 $325,129 $287,143 $320 89%

MultiFamily 0

Totals 23

Sales August 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 16 279 1,798 $565,894 $511,253 $291 92%         0.04

Condo 10 152 882 $214,090 $199,700 $245 94%        (0.23)

MultiFamily 2 204 2,107 $470,750 $440,000 $211 93% #DIV/0!

Totals 28         0.22

Year end 8-31-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 105 222 1,802 $653,741 $576,416 $330 89%

Condo 67 252 1,134 $371,122 $328,133 $285 89%

MultiFamily 11 195 1,818 $548,918 $474,142 $243 89%

Totals 183

Year end 8-31-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 161 221 1,759 $554,131 $500,372 $299 91%        (0.09)

Condo 97 277 1,035 $367,306 $335,719 $306 92%         0.07

MultiFamily 19 241 2,004 $448,499 $410,842 $185 93%        (0.24)

Totals 277         0.51

As always, the information presented here is based on data available from MyFlorida Multiple Listing Service and is deemed reliable, though not guaranteed.

July 2010

The pace of sales on Anna Maria Island continues to run very hot, with an increase of 56 percent, comparing total unit sales of 271 properties for the year ended July 31, 2010 versus 174 in the prior year.

Month-to-month sales are also running 20 percent above the previous year, with 18 sales compared to 15 in July 2009. The average selling price per square foot for homes actually increased five percent, to $331, versus last year's $315.

Condo sales show a 14 percent decline in the average price per square foot, but there were two sales of multi-family units, which have picked up in the past 12 months.

Here are the data:

Sales July 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 9 311 1,585 $563,589 $496,000 $315 88%

Condo 6 318 1,213 $437,483 $367,083 $319 84%

MultiFamily 0

Totals 15

Sales July 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 12 229 1,655 $593,567 $532,083 $331 92%         0.05

Condo 4 172 790 $213,925 $197,600 $273 93%        (0.14)

MultiFamily 2 55 1,376 $235,750 $235,750 $171 100% #DIV/0!

Totals 18         0.20

Year end 7-31-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 99 214 1,806 $680,184 $605,307 $344 90%

Condo 62 245 1,159 $374,714 $331,289 $281 89%

MultiFamily 13 218 1,817 $520,308 $456,581 $236 91%

Totals 174

Year end 7-31-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 161 217 1,774 $556,741 $501,665 $298 91%        (0.13)

Condo 94 294 1,041 $380,465 $346,572 $314 91%         0.12

MultiFamily 16 259 1,913 $443,436 $401,938 $183 92%        (0.22)

Totals 271         0.56

As usual, these figures come from MyFloridaRegional multiple listing service and are believed correct, though not warranted by this author.

June 2010

Anna Maria Island Property sales for the year ending June 30, 2010 are just short of 50 percent greater than the year prior, with 268 total homes, condos and multifamily units sold compared with 182 for the year ending June 30, 2009.

That's a 47 percent increase in unit sales, and demonstrates a healthy demand for inventory, which is now at just over 500 active listings in the three island cities: Anna Maria, Holmes Beach and Bradenton Beach.

And for the fourth straight month, the average price per square foot for condos sold on the island during the same period is up nearly 15 percent, at $315 versus $277 a year ago.

It's a phenomenal tally, representing pent-up demand for the vacation homes this island offers, generally lower prices, and more flexible sellers than in recent years. Buyers also have shown confidence that their second homes can help pay a portion of their cost through strong rental income.

For buyers, it's still great news, especially when one considers month-to-month comparisons. For example, comparing June 2010 with June 2009, the average selling price per square foot for homes is now just $251 versus $284 a year earlier; for condos, it's a similar story, $231 this year and $253 last year.

Unit sales for June this year are off 11 percent; average price per square foot is a bit lower, and tales of cautious behavior have local agents wondering what -- if any -- additional effect the gusher in the Gulf will have on sales and property values.

For the raw data, check the information below. Note that the "% Change" column refers to the average selling price per square foot, except for the "Totals" line, which is based on the numbers in the first column of data. As usual, this information is derived from the Mid-Florida Multiple Listing Service and is deemed to be accurate.

Sales June 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 8 196 1,498 $463,550 $408,125 $284 89%

Condo 11 187 1,027 $289,909 $260,600 $253 91%

MultiFamily 0

Totals 19

Sales June 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 12 210 1,558 $426,792 $389,083 $251 90% -0.12

Condo 4 390 1,066 $266,925 $247,250 $231 90% -0.09

MultiFamily 1 543 1,682 $329,000 $310,000 $184 94% #DIV/0!

Totals 17 -0.11

Year end 6-30-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 99 197 1,851 $699,442 $623,558 $346 90%

Condo 66 246 1,166 $368,564 $327,989 $277 89%

MultiFamily 17 208 1,809 $502,288 $445,915 $239 91%

Totals 182

Year end 6-30-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 158 222 1,772 $554,334 $499,032 $296 91% -0.14

Condo 95 304 1,069 $393,190 $366,156 $315 91% 0.14

MultiFamily 15 271 2,079 $473,899 $430,300 $183 92% -0.23

Totals 268 0.47

May 2010

Sales of homes, condos and duplexes on Anna Maria Island are up 40 percent comparing the year ended May 31, 2010 with the prior year. In the year ended May 31, 2009, 193 units sold; this year, there were 270.

Condo sales were up the most, an astounding 65 percent, with 62 units sold in the prior year, and 102 sold this year.

Home sales were also up, about 39 percent, with 154 sales this year, and 111 in the previous year.

Duplex sales are down 30 percent, with 20 sales compared to 14 in the year ending May 31, 2010.

Month-to-month sales totals were also up, a total of 26 percent, with 29 sales in May 2010 compared to 23 in 2009.

Condo sales are showing the biggest strength in this market. The average selling price per square foot has risen three months in a row, and now stands at $294. This is a higher price than May's single family home price per square foot average of $286.

Using averages, means, and other statistical data can be a bit dangerous, of course. No single home or condo is really like another (with few exceptions), and these stats can only be used to make broad assumptions about the health of this market place.

Generally, we can say that Anna Maria Island, and the communities of Holmes Beach, Anna Maria and Bradenton Beach have seen a big burst in sales in recent months. That trend could be slowing, though, as spring turns to summer.

Broader market conditions could affect things much more than our local activities, too. And the threat of oil continuing to spill from an out-of-control well in the Gulf is a sobering reminder that a lot of factors are out of our control.

For discussion on the data presented below, and how that affects your buying or selling decisions, don't hesitate to contact me by phone at 941-685-8822 or by email at John@calltheislanders.com.

Sales May 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 12 183 1,757 $643,733 $579,333 $344 90%

Condo 10 202 1,050 $307,970 $280,130 $260 92%

MultiFamily 1 157 2,427 $445,000 $423,000 $174 95%

Totals 23

Sales May 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 21 205 1,614 $516,357 $457,876 $286 90% -0.17

Condo 7 261 855 $272,114 $253,771 $294 94% 0.13

MultiFamily 1 157 2,975 $485,000 $400,000 $134 82% -0.23

Totals 29 0.26

Year end 5-31-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 111 191 1,832 $703,162 $625,862 $352 90%

Condo 62 252 1,179 $409,197 $362,632 $301 88%

MultiFamily 20 195 1,825 $488,095 $434,528 $232 91%

Totals 193

Year end 5-31-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 154 221 1,775 $559,556 $502,877 $299 91% -0.15

Condo 102 288 1,065 $387,003 $350,122 $312 91% 0.04

MultiFamily 14 252 2,109 $484,249 $438,893 $183 92% -0.21

Totals 270 0.40

April 2010

The residential market on Anna Maria Island continues to get healthier, with big increases in units sold and even condo prices per square foot going up again this month.

Comprised of the cities of Anna Maria, Holmes Beach and Bradenton Beach, the Island saw total sales representing 28 units, up 40 percent over April, 2009, when 20 properties were sold. Sales are also up 33 percent in the year ending April 30, 2010 over the prior year, with 263 total units sold in the most recent 12 months, compared with 198 units sold in the previous year.

Condo sales are up 22 percent, with 11 sold this year versus nine last year. Values have also increased, based on a $279 price per square foot compared with $247 in '09, up 13 percent. The average condo is a bit smaller, just over 1,100 square feet this year, compared to a bit over 1,300 square feet last year. Actual selling prices are down marginally, at almost $318,000, compared with $327,000 in 2009, a decrease of about three percent.

On the single family home side, prices continue to slide, off 15 percent compared to last year. Average price per square foot in April 2010 was $280; in 2009 it was $328. Unit sales are up 60 percent, though, and a these prices, it's no wonder. The average price for an 1,827 square foot home in April 2010 was $523,063, compared to last year's $575,270 for a 1,713 square foot home.

Looking at the year ending April 30, 2010, single family homes' average price per square foot is off 18 percent, at just over $300 p.s.f., averaging $516,217. The previous year, it was just over $370 p.s.f., at $685,148, a decline of just about 25%.

For those thinking of purchasing (or selling) multifamily products, mostly duplexes on Anna Maria Island, the number of sales in the year just ended is down by about one-third, from 22 units to 14. Sales data are skewed, however, by the only sale last month, four units in a beachfront development, for $1,360,000. Not your ordinary duplex sale.

In summary, 2010 continues to be a hot market on Anna Maria Island. Condos are actually increasing in price; single family homes are going down still. But total sales are markedly up, and, based upon current activity from this reporter, will continue to blaze for at least the next couple of months.

Data to support these conclusions appears below. As always, it is derived from Mid-Florida Regional Multiple Listing Sales information, and is believed to be accurate (but not warranted).

Sales April 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 10 179 1,713 $678,080 $575,270 $328 86%

Condo 9 271 1,315 $370,411 $327,000 $247 88%

MultiFamily 1 19 1,536 $324,900 $326,000 $212 101%

Totals 20

Sales April 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 16 171 1,827 $593,231 $523,063 $280 89% -0.15

Condo 11 210 1,115 $356,436 $317,909 $279 89% 0.13

MultiFamily 1 226 3,580 $1,595,000 $1,360,000 $385 85% 0.82

Totals 28 0.40

Year end 4-30-09 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 114 180 1,857 $770,910 $685,148 $371 90%

Condo 62 228 1,219 $442,440 $392,519 $318 88%

MultiFamily 22 156 1,800 $485,218 $431,480 $233 91%

Totals 198

Year end 4-30-10 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 144 177 1,792 $573,494 $516,217 $305 91% -0.18

Condo 105 236 1,077 $387,135 $349,880 $308 91% -0.03

MultiFamily 14 224 2,067 $481,391 $440,536 $186 93% -0.20

Totals 263 0.33

March 2010

Anna Maria Island property sales have once again shown increasing strength compared to sales for the same period in the prior year, most surprisingly led by a big increase in condo prices.

The average price per square foot rose more than 25 percent for the five condos sold in March 2010, with the average selling price over $600,000, compared to just over $300,000 in 2009. Much larger properties were also sold, averaging 1,832 square feet versus 1,235 square feet in the prior year. Days on Market was also down, from 322 to 246 days. Does this mark a return to the boom days of years past? Probably not. One of the sales was a large, Gulf-front condo, at $1,667,000, another was a bank-owned property listed low, at $395,000, which sold at $516,000.

More than twice as many homes were sold in 2010 than in 2009, and the average price per square foot was virtually the same, down only four percent. The percentage of listing price to sales price is also up, from 86 percent to 93 percent, indicating that sellers are getting more realistic in their asking prices. The average selling price and property size were very much the same, and the number of days on market decreased markedly, from 243 to 194.

Multi-family properties also saw a big jump, with five sales this year and only one in the same time frame last year. Generally, they were larger properties, averaging 2,193 square feet versus 1,625 in the prior year, driving the average price per square foot down a bit more than 20 percent.

In all, trends continue to show a decline in selling price per square foot for the year ending March 31, 2009 to the same 12 months ending March 31, 2010. Residential values are off 17 percent, condos are down 11 percent and duplexes are down 21 percent.

Still, it's a buyer's market, and savvy buyers are getting some really good deals. Maybe one of them is for you!

Here is the raw data.

Sales Mar 2009 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP

Residential 10 243 2,025 $665,050 $556,930 $304 86%

Condo 5 322 1,235 $365,200 $311,000 $254 87%

MultiFamily 1 147 1,625 $382,500 $336,658 $207 88%

Totals 16

Sales Mar 2010 # Sales DOM Sq. Ft. LP SP SP/Sq. Ft. LP/SP % Change

Residential 21 194 1,908 $580,324 $543,190 $293 93% -0.04

Condo 5 246 1,832 $619,400 $602,960 $319 97% 0.26

MultiFamily 5 134 2,193 $365,760 $353,000 $163 95%