Anna Maria Luxury Real Estate  December 2016 Newsletter   

Gulf View, Gulf front Condo complex with 1 bedroom, 1 and half baths.

Happy New Year to all.  It’s hard to believe another year has almost gone by.  December’s Newsletter will be short due to the holidays but January’s will recap all of 2016.

Sales on Anna Maria Island through November 2016 picked up some steam.  November 30, 2016 Y-T-D AMI sales were 333(SF-197, Con-97, Dup-23, & Lot-16) down 11% from November 30, 2015 Y-T-D at 373 (SF-214, Con-114, Dup-22 & Lot-23).

Sales in November 2016 for Anna Maria City, Holmes Beach and Bradenton Beach were 30 (SF-18, Con-8, Dup-3 & Lot-1) up 30% over November 2015 at 23 (SF-8, Con-9, Dup-4 & Lot-2).  The last 12 months sales (Dec 1, 2015 to Nov 30, 2016) were 367 (SF-213, Con-111, Dup-26, Lot-17) still down 11% from the previous 12 months (Dec 1, 2014 to Nov 30, 2015) at 409 (SF-234, Con-129, Dup-22 & Lot-24).  Of the last 12 months sales only 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 5% or 21 (SF-13, Con-7, Dup-1 & Lot-0) in the previous 12 months (Sep 1, 2014 to Aug 31, 2015).  Although we’re running 11% behind last year in sales, I don’t think we will close the gap in December but we will eat away at some of that 11%.  Inventory has ticked up again this month.  Inventory is currently at 311 (SF-174, Con-82, Dup-14 & Lot-29).  Inventory for the previous five months were 290, 298, 314, 303, 308.

To summarize the Island market for the first eleven months of 2016, we continue to run behind 2015 but sales continue to be strong.  Pended properties continue to be strong and still well above the average.  Pended properties (properties under contract) are at 37 (SF-18, Con-18, Dup-1 & Lot-0).   Distressed properties continue to be rare with one single family short sale and one bank owned duplex.  Of the single family properties sold the first eleven months of 2016, the average sale price has been $945,011 and the median sale price was $790,000.  In the first eleven months of 2015 the average price for single family sales was $767,290 and the median sale price was $630,000.  The current inventory of 174 single family homes the average sale price is $1,295,820 and the median sale price is $1,087,000.  The lowest price single family home on the island is currently $315,000 and the highest price $5,995,000.  For the 92 condos for sale the average and median prices respectively are $608,326 & $479,000 with the lowest $189,000 and highest $2,149,000.

Longboat Key current inventory is 407 (SF- 127, Con- 245, Dup- 0 & Lot- 33) significantly up from 304 last month and 314,336 and 345 the three previous months.  Of the current inventory of 127 single family homes the average sales price is $2,300,273 and the median sale price is $1,450,000.  The lowest priced single family home on the island is $295,000 and the highest is $20,000,000.   For the 245 condos for sale the average and median prices respectively are $860,746 & $659,000 with the lowest $189,000 and highest $5,999,000.  Pended properties on Longboat Key are 46 (SF-17, Con-27, Dup-0 & Lot-2) down last month from 48 and 54, 49 and 62 the previous three months.  Distressed properties on Longboat Key are only 3, all condos (2 short sales and 1 bank owned).

Keep those calls and e-mails coming!  We love hearing from you……Alan, Frank & Scott

#Beaches, #AnnaMariaIsland, #RealEstateForSaleOnAnIsland,  #AnnaMariaLuxuryRealEstate, #BeachHouse, #AnnaMariaRealEstate, #WaterFrontHomeForSale, #BradentonWaterfrontHomeForSale,  #luxuryrealestate, #buythebeachhouse, #realtyannamaria, #islandrealestate, #GallettoTeam, #AlanGalletto, #Bradenton, #FloridaWaterFrontHomes, #WineOnAnnaMariaIsland, #HappyDays

 

See http://www.AnnaMariaLuxuryRealEstate.com/  for the full Newsletter with all charts and figures for Anna Maria Island real estate sales.

Galletto Team TOP 1% of Realtors since 1999 Alan@AlanGalletto.com 941.232.2216

 

NOVEMBER 2015 VS. NOVEMBER 2016 STATS ON ANNA MARIA ISLAND

 

# Sold 2015 #Sold 2016       Pending Inventory
HOMES 8 18 18     174
CONDOS 9 8 18       92
M/FAMILY 4 3 1       20
LOTS 2 1 0       25
TOTAL 23 30 37     311

 

 

Jan 1, 2016 – Nov 30, 2016 SALES ON ANNA MARIA ISLAND

# Sold Lowest Highest Avg. Sale Price Median Sale Price
HOMES     197 $190,500 $3,950,000 $945,011 $790,000
CONDOS       97 $162,000 $ 937,500 $375,216 $325,000
DUPLEXES        23 $275,000 $1,625,000 $656,486 $580,000
LOTS       16  $160,000 $1,100,000 $503,281 $467,500
TOTAL     333  

 

 

Jan 1, 2015 – Nov 30, 2015 SALES ON ANNA MARIA ISLAND

# Sold Lowest Highest Avg. Sale Price Median Sale Price
HOMES 214 $187,000 $3,200,000 $767,290 $630,000
CONDOS 114 $145,000 $1,500,000 $393,892 $359,500
DUPLEXES 22 $340,000     $1,750,000 $657,977 $550,750
LOTS 23 $300,000     $4,100,000 $683,435 $480,000
TOTAL 373  

 

 

 SALES ON ANNA MARIA ISLAND 2002-2015

2015    2014    2013    2012    2011    2010    2009    2008    2007    2006    2005   2004    2003    2002 

 

SF          228        219       237     245      174      187      118      121        111        74     182     243       198      145

CON      128        106       120     126       126        94       84        57         71         45     186     101       118        82

DUP         27         34         26       27        16         23       10        26         10         15       53       70          31       33

LOTS      24         22         25       33        24         15        12          7            7            4       17        21           7        12

TOT       407       381       408      431       340      319      224     211      199       138      438     435       354     272