Anna Maria Island Real Estate Sales Blog

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