Anna Maria Island Real Estate Sales Blog

Anna Maria Island Sales for 2007

Now that the new year is a week old, we can be reasonably assured that the sales figures from the Manatee Multiple Listing Service are complete.

Take a look at the total sales of listed properties on Anna Maria Island, including Anna Maria, Holmes Beach and Bradenton Beach, from January 1, 2007 through December 31, 2007:

2007	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (118)	$748,781	1715	$452	122	$654,239	$394
Condominium (70)	$583,121	1301	$479	129	$514,738	$431
Duplex and Triplex (10)	$635,685	1857	$339	89	$544,245	$286
Lot (8)	$539,112	3837	$391	121	$460,000	$357
All Types (206)	$626,675	2178	$415		$543,305	$367

See how this compares with similar statistics for the same areas and product types in the year 2006:

2006	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (81)	$1,009,005	1867	$565	111	$911,524	$514
Condominium (54)	$684,805	1157	$607	113	$644,765	$575
Duplex and Triplex (17)	$772,312	1724	$452	63	$731,506	$429
Lot (6)	$1,319,817	4184	$1,183	25	$1,116,858	$1,096
All Types (158)	$946,484	2233	$702		$851,163	$653

And at the height of the market, in 2005, the following was true:

2005	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (195)	$801,924	1679	$489	82	$761,237	$467
Condominium (213)	$599,137	1133	$573	80	$585,313	$561
Duplex and Triplex (55)	$753,184	1973	$387	93	$716,289	$369
Lot (17)	$734,606	7839	$63	88	$619,294	$57
All Types (480)	$722,213	3156	$378		$670,533	$364

Thus, we can see that although sales volume is increasing again after the dismal year in 2006, we are still far from the heyday of 2005, in both volume and price. In fact, average selling prices per square foot are down between 25% and 33% across the board.

For a complete analysis, send me an email: john@calltheislanders.com.

I'll give you the data going back to the year 2000, so you can see the general trend, despite the ups and downs of recent years. We're looking toward a more stable market in 2008.

John van Zandt, Realtor