Anna Maria Island Real Estate Sales Blog

Here are the sales results for properties on Anna Maria Island for July, 2008. The spreadsheets below indicate sales of single family, condo and multifamily properties in the City of Anna Maria, Holmes Beach and Bradenton Beach. Comparisons are drawn between July '07 and July '08 and for year-to-date data for both periods.

Please note that with the new Multiple Listing System, there are still some glitches in pulling property types from the sold data, and in combining numbers for ALL types, including multifamily (duplex) with residential and condo statistics. In order to eliminate as much statistical error as possible, I've separated the duplex information. The new system refers to all multifamily properties, including duplexes, as income properties, and will not average in that information with residential.

Additionally, residential is a category which includes everything from mobile homes to townhomes, half-duplexes, single family, condos and co-ops. I have endeavored to report only townhomes, singlefamily and half-duplexes as residential. Condos are reported alone.

Despite my best efforts and many, many hours of learning the new system, with the assistance (sometimes) of able personnel at the MLS Exchange where all Mid-Florida Multiple Listings are stored, there are some inconsistencies in numbers of sales.

Within each of my data summaries, however, I can feel reasonably secure in knowing that the specific information is correct. And without spending many more hours on analysis, I'll never know why July 2008 sales of residential and condo units show eight and six, respectively, but that the total shows 15 (for example).

Surely, it's a matter of how this system has imported information from the old (Rappatoni) provider. So use this information with care.

Sales July 08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (8)	$798,738	2158	$367	120	$716,363	$334
Condominium (6)	$295,300	976	$319	224	$267,692	$286
All Types (15)	$587,380	1675	$345	173	$523,137	$310
Sales July 07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (7)	$674,986	1914	$356	70	$641,286	$337
Condominium (3)	$449,667	801	$757	231	$374,500	$622
All Types (11)	$577,618	1471	$577,618	118	$537,727	$456
Sales YTD 7-31-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (88)	$856,285	1921	$442	145	$767,671	$397
Condominium (47)	$518,081	1276	$397	166	$460,187	$351
All Types (140)	$726,264	1676	$425	154	$649,403	$380
Sales YTD 7-31-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (80)	$708,027	1785	$408	106	$632,230	$363
Condominium (30)	$580,583	1161	$517	121	$522,180	$462
All Types (115)	$660,837	1567	$449	111	$593,490	$405

In prior years, I have reported multifamily within each of the graphics above, and included their numbers in the total, or 'All Types' row. The new system won't allow that, with all multifamily now under "Income" properties. So here is the data for multi.

Multi-Family Sales                  YTD 7-31-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Duplex and Triplex (16)	$502,037	1892	$265	138	$458,275	$242
Multi-Family Sales                  YTD 7-31-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Duplex and Triplex (9)	$659,767	1874	$349	95	$564,717	$295
Multi-Family Sales                      7-1-08 thru 7-31-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Duplex and Triplex (4)	$443,725	1781	$268	173	$411,250	$247
Multi-Family Sales                     7-1-07 thru 7-31-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Duplex and Triplex (1)	$499,000	1860	$268	0	$417,450	$224

Clearly, we are seeing a stabilization of sales values among single-family homes, and a continued erosion of values in condo and multifamily properties. Should you wish to contact me regarding any of this information, its methodology or its implications, I'm always ready to talk!

John van Zandt

John@CallTheIslanders.com

Cell 941-685-8822