Anna Maria Island Real Estate Sales Blog

Anna Maria Island has seen sales continue at a similar pace to last year, as one can see in this analysis of first quarter sales among single family homes, condos and multifamily properties in the City of Anna Maria, Holmes Beach and Bradenton Beach.

Note statistics for first quarter sales in 2008 as represented in below:

2008 SALES	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (22)	$774,964	1709	$445	125	$691,477	$404
Condominium (19)	$535,021	1426	$373	97	$476,105	$331
Duplex and Triplex (3)	$374,333	1425	$258	65	$335,833	$234
All Types (44)	$561,439	1520	$359		$501,139	$323

Here are the same stats for the first quarter of 2007:

2007 SALES	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (25)	$767,820	1730	$457	113	$659,636	$390
Condominium (16)	$636,678	1359	$444	73	$596,462	$414
Duplex and Triplex (5)	$699,800	1725	$387	162	$626,000	$338
All Types (46)	$701,433	1605	$429		$627,366	$381

Except in the single family category, price per square foot is significantly down. And even though the price per square foot in residential properties is up a bit, and has remained fairly steady in the past three months, it may yet be too early to declare that the bottom has been reached on the Island.

It's pretty clear that for condos and multifamily properties, the bottom is not yet in sight.

For an idea of future sales, here are stats on the "pending" sales. "Pending" status indicates a property under contract but not yet closed. And "Pending" properties do not show the price agreed upon under contract, but only the most recent asking price.

Pending as of 4-9-08	Listing $	SqFt	Listing Pr/SqFt	DOM
Residential (21)	$684,314	1987	$354	130
Condominium (14)	$673,207	1474	$475	208
Duplex and Triplex (7)	$467,900	2157	$226	137
All Types (42)	$608,474	1873	$352

For further analysis, or to discuss what these figures may mean for your home selling or buying plans, call John van Zandt most anytime, on his cell phone at 941-685-8822.