Anna Maria Island Real Estate Sales Blog

The Data Is In: Sales Are Up! (with some caveats)

In comparison to the doom and gloom in the national real estate business, at least a part of the marketplace on Anna Maria Island shows some strength. Single family sales values, as expressed in average dollars per square foot, have increased slightly, up two percent, for the entire year to date as compared to 2007.

On the other hand, that same measure reveals continued weakness in the condo and multifamily markets. Condo prices per square foot are down 22 percent; multifamily prices dropped an average of 16 percent.

Total sales volume was up six percent, with 222 total units sold, nearing an average year in units sold.

Part of the excellent performance in residential sales is due to two sales of residential property located directly on the Gulf of Mexico selling during 2008 in excess of $3 million. Of course, one also has to mix in two tiny homes selling for less than $200,000. Here's the data in easy to understand format.

Sales Period December 2007	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP
Residential	13	160	1,801	792,684	654,019	$345.78	0.82
Condo	9	150	1,474	452,777	317,027	$243.77	0.74
MultiFamily 0	0	0	0	0	0
Totals	22
Sales Period December 2008	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP	% Change
Residential	6	109	1,847	756,983	701,250	$449.53	0.92	0.30
Condo	2	186	896	249,450	247,000	$277.73	0.99	0.14
MultiFamily	1	416	2,121	399,900	350,000	$165.02	0.87
Totals	9							-0.59
Sales Period 1-1 to 12-31-07	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP
Residential	141	195	1,708	726,797	634,369	$380.89	0.89
Condo	59	233	1,232	583,745	503,221	$430.40	0.86
MultiFamily	9	178	1,779	650,772	553,605	$298.24	0.84
Totals	209
Sales Period 1-1 to 12-31-08	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP	% Change
Residential	136	239	1,907	818,196	738,859	$387.78	0.91	0.02
Condo	63	250	1,227	474,328	417,992	$333.87	0.88	-0.22
MultiFamily	23	307	1,860	535,491	481,621	$249.85	0.91	-0.16
Totals	222							0.06

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