Anna Maria Island Real Estate Sales Blog

    Based upon the most recent market data from the Manatee Board of Realtors, it sems likely that sales will end the year under 200 for the second year in a row.

    Here is the combined sales data for single family homes, condos, multi-family and building lots through November 30, 2007:

	Listing $	SqFt	Listing Pr/SqFt	DOM	Sale $	Selling Pr/SqFt
Residential (110)	$727,511	1703	$446	120	$637,800	$390
Condominium (60)	$603,708	1240	$511	137	$543,807	$466
Duplex and Triplex (10)	$635,685	1857	$339	89	$544,245	$286
Lot (8)	$539,112	3837	$391	121	$460,000	$357
All Types (188)	$626,504	2159	$422		$546,463	$375

    Note that selling prices per square foot are considerably lower than in 2006, which were the highest on record:

	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

    Also note the numbers of sales are considerably below the record year of 2005, in which the peak of the 'boom' was reached:

	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

    For more information on this data, and what these numbers might mean both to buyers and sellers, contact me, John van Zandt, at Island Real Estate, 941-778-6066, or on my cell at 941-685-8822, or by email at john@calltheislanders.com