Anna Maria Island Real Estate Sales Blog

Based upon Manatee Board of Realtors data garnered from the Multiple Listing Service, we see a slight increase in numbers of sales over the same period in 2007. Below, see a summary of sales for the first two months of 2008, and below that, a similar summary for the first two months of 2007.

2008 Sales thru 02-29-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (13)	$948,292	1988	$475	119	$831,038	$423
Condominium (10)	$427,340	1232	$353	113	$405,500	$333
Duplex and Triplex (1)	$299,000	1144	$261	14	$282,500	$247
All Types (24)	$558,211	1455	$363		$506,346	$334

2007 Sales thru 02-28-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (6)	$845,817	1687	$515	168	$705,817	$424
Condominium (11)	$707,277	1346	$486	38	$676,409	$465
Duplex and Triplex (3)	$576,333	1526	$378	215	$456,667	$299
All Types (20)	$709,809	1520	$459		$612,964	$396

We note a 20 percent increase in number of sales, but the average price per square foot across the board is down about 16 percent. Single family prices are holding their value; condos are down nearly 30 percent; multifamily (duplexes, mostly) have too few sales to be statistically significant.

As of March 5, we see hopeful signs for future sales. There are many properties under contract, pending closing at this time, and anecdotal evidence is that business activity is increasing, particularly among the 'deal seekers.'

Sales Currently Pending	Listing $	SqFt	Listing Pr/SqFt	DOM
Residential (20)	$682,060	1741	$407	153
Condominium (16)	$655,750	1603	$395	128
Duplex and Triplex (3)	$497,633	1959	$252	74
All Types (39)	$611,814	1768	$352

For more analysis on what these data indicate, don't hesitate to call John at 941-778-6066, or toll free at 1-877-778-6066.