Anna Maria Island Real Estate Sales Blog

An article in today's Sarasota Herald Tribune reports that local supplies of previously owned homes are shrinking. And that's normally a sign of stabilization in pricing. But the writers say, "Not so fast...."

There are other signs that the full wave of foreclosures has not yet hit. And that short sales and foreclosures will continue to exert a downward pressure on existing home prices.

Of course, real estate is extremely local. Here on Anna Maria Island, we are seeing a big boost in contract-writing activity, with what I think are the smart buyers getting in near (or at) the bottom of the market. Really, though, no man knows the future, and the bottom may be in different places for condos on the beach than for homes on canals. That's just how local things are.

The article may be found by clicking here, or pasting the link into your web browser:

http://www.heraldtribune.com/article/20090419/ARTICLE/904191071/-1/NEWSSITEMAP

For more analysis, and specific numbers on prior sales activities based on Mid-Florida Regional Multiple Listing Service sales data, go to www.calltheislanders.com/salesinfo where you will find numbers that may be helpful.

Or call 941-685-8822 or email John@CallTheIslanders.com and we'll chat.