Anna Maria Island Real Estate Sales Blog

In an effort to increase accuracy in respect to sales of homes, condos and multifamily dwellings on Anna Maria Island, including the cities of Anna Maria, Holmes Beach and Bradenton Beach, I am recasting data for the month just ended: January 2009.

Our new Multiple Listing Service does not contain only those product types. In addition, there are categories such as half-duplex, co-op, townhouse and villa. We will not use any properties included within the PUD (Planned Unit Development), manufactured or modular listings, as they are not germane to our reporting.

So I am now including as townhouse with single family as Residential. Condo includes condo, villa and co-op. Recasting the data to make these inclusions enlarges the universe of total sales, but does not change the basic results:

Residential sales price per square foot is virtually the same as it was the last 12 months compared with the previous year. This is good news. The average is about $380 psf.

Condo sales price per square foot is down 21 percent. Average there is about $348 psf.

Multifamily prices are also down, 20 percent, at an average psf of $241.

The good news is that sales volume is up 11 percent in total numbers of units sold, with 239 units in the last 12 months and 216 in the prior year. We're quite busy here at Island Real Estate. Buyers are getting some pretty good deals. Sellers are needing to be extremely flexible in their demands, because there's somebody who will be willing to 'make a deal,' and buyers know that.

Here's the data:

Sales Period January 2008	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP
Residential	6	77	1,916	926,650	832,916	$474.41	0.89
Condo	5	143	1,171	390,580	374,800	$291.33	0.95
MultiFamily	0	0	0	0	0	0	0
Totals	11
Sales Period January 2009	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP	% Change
Residential	9	187	1,658	708,644	629,722	$361.96	0.91	-0.24
Condo	4	411	1,416	558,750	516,375	$327.26	0.90	0.12
MultiFamily	2	266	1,927	494,000	402,500	$207.00	0.80	NA
Totals	15							0.36
Sales Period 2-1-07 to 1-31-08	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP
Residential	144	192	1,721	730,240	639,226	$380.56	0.89
Condo	63	239	1,167	533,180	463,024	$438.94	0.88
MultiFamily	9	149	1,802	647,538	558,050	$301.43	0.85
Totals	216
Sales Period 2-1-08 to 1-31-09	# Sales	DOM	Sq. Ft.	LP	SP	SP/Sq. Ft.	LP/SP	% Change
Residential	141	242	1,891	800,158	722,509	$380.08	0.91	0.00
Condo	71	283	1,267	514,404	453,585	$347.58	0.88	-0.21
MultiFamily	27	272	1,798	520,118	464,529	$241.25	0.90	-0.20
Totals	239							0.11