Anna Maria Island Real Estate Sales Blog

Now that the month of April is reasonably past, let's take a look at sales of homes, condos and multi-family properties in Holmes Beach, Bradenton Beach and the City of Anna Maria.

Sales 4-1 to 4-30-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (24)	$962,446	2171	$437	156	$882,000	$398
Condominium (11)	$550,618	1320	$404	267	$489,945	$357
Duplex and Triplex (5)	$650,260	2296	$281	176	$599,980	$257
All Types (40)	$721,108	1929	$374		$657,308	$338

For comparison, let's see what sales were like a year ago:

Sales 4-1 to 4-30-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (11)	$702,909	1888	$389	120	$673,595	$366
Condominium (11)	$597,318	1340	$488	157	$527,682	$436
Duplex and Triplex (1)	$490,000	1800	$272	3	$425,000	$236
All Types (23)	$596,742	1676	$383		$542,092	$346

We can see that the number of sales is up substantially in residential and multifamily properties. Condo sales are flat however. See also that the selling price per square foot for residential is up a bit, near the average for all of 2008 homes sold. Condo prices per square foot continue to decline. And the data for multifamily price per square foot comparison is not sufficient to make a reasonable call.

Currently, here are the sales under contract, or pending, as of 5 May, 2008:

Sales pending 5 May 2008	Listing $	SqFt	Listing Pr/SqFt	DOM
Residential (20)	$680,085	1984	$345	127
Condominium (14)	$632,857	1366	$472	238
Duplex and Triplex (4)	$493,225	2226	$224	179
All Types (38)	$602,056	1859	$347

With 38 sales pending, that's near the 40 we had at a similar time last month. This indicates that activity remains reasonably strong at this point in the selling season.

Now, let's consider sales for year to date 2008 compared to year to date in 2007, using April 30 as the cut-off:

Sales 01-01-08 to 04-30-08	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (46)	$872,780	1955	$441	141	$790,880	$401
Condominium (30)	$540,740	1386	$385	160	$481,180	$341
Duplex and Triplex (8)	$546,787	1970	$272	135	$500,925	$249
All Types (84)	$653,436	1770	$366		$590,995	$330

One third of the way through the year, we're selling at a rate of 252 properties per year. Last year at this time:

Sales 01-01-07 to 04-30-07	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (36)	$747,986	1779	$435	115	$663,901	$383
Condominium (27)	$620,643	1351	$462	107	$568,441	$423
Duplex and Triplex (6)	$664,833	1738	$368	135	$592,500	$321
All Types (69)	$677,821	1623	$422		$608,281	$376

Prices per square foot were about the same for residential properties, and more for both condos and multifamily.

We continue to see strengthening in the residential market here on Anna Maria Island, and weakening in the condo and multifamily product categories. Total sales are up about 20 percent, which further indicates that buyers are finding properties to their liking, at prices they are willing to pay.

For more detailed analysis, or to discuss what this means for your buying or selling success, call John van Zandt at 941-685-8822 or email John@calltheislanders.com