Although there are no real statistics at this time, it appears that most buyers on Anna Maria Island are second home buyers.
In some cases, the purchase is also an investment, using rental income to pay all or some of the costs of ownership, including taxes and insurance. Many buyers are paying cash.
Seems that is not an uncommon occurence nationally. Read this article, fresh from the National Association of Realtors.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=257430
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