Walk past two homes to the white sand beach of Anna Maria Island

              Real estate sales on Anna Maria Island continue to be slow in 2023 compared to the past couple of years.  Sales for JUNE 2023 for Anna Maria City, Holmes Beach, and Bradenton Beach were 42 (SF-30, Con-10, Dup-2 & Lot-0) compared to JUNE 2022 at 24 (SF-11, Con-12, Dup-0 & Lot-1).  Although sales remain low the inventory continues to remain low as well, still well below the normal average of 350-400.  Inventory is currently at only 232 (SF-161, Con-50, Dup-11, Lot-10) Inventory for the previous 51 months (about 4 years) were 205, 193, 111, 143, 145, 94, 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales on the island continue to remain low as does the inventory on the island.

                Since last month, 37 properties went pended on AMI, SF -22, Condo -14, multi-family -0, and the lots -1.  The single families were listed between $540,000 and $4,350,000; the condos between $399,000 and $1,095,000; zero multi-families and one lot at $2,900,000.  Of the 145 single-family properties currently for sale, there are only 3 single-family properties under $1 million and only 28 between $1 Million and $2 Million the remaining range between $2,000,000 and $22,500,000.  

                To summarize, the Anna Maria Island Real Estate Market sales for JUNE 2023 were 75% higher than JUNE 2022.  The inventory is still in the lowest range it’s been in 20 years, at again only 232 (SF-161, Con-50, Dup-11, Lot-10) 13% higher than last month at 205, inching up but still in the general range of the last 18 months at 205, 139, 111, 143, 145, 94, 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 37 (SF-22, Con-14, Dup-0 & Lot-1) but lower than four of the previous nineteen months of 50, 17, 27, 28, 35, 59, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last forty-five months. The distribution of the 161 single-family properties currently for sale on AMI continues to skew to the high end with 2% (3) <$1 million, 17% (28) between $1 million and $2 million, and 25% or (40) between 2-3 Million and 56% or (93) over $3 million.  As I mentioned above the lowest price single-family home is 445 62nd St. HB listed at $439,900 for a 1bath, 616 sq. ft. Villa, no pool.  The highest-priced single-family home currently is at 104 Sunset Ln. AM listed at $22,500,000 newly built in 2023 6 BR 6 full baths 7,163 sq. ft. direct gulf-front with pool.  The distribution of the 44 Condos currently for sale on AMI is 16% or (7) <$500K, 55% or (24) $500K-$750K, 14% or (6) $750K – $1 million, and 15% or (7) >$1 million.  You can see that 98% of the single-family prices are still over $1 million while 85% of the condos were below $1 million and only 15% were over $1 million.  Of the current inventory of 50 condos the lowest-priced unit, this month is a 1br/1 bath Runaway Bay Condo at 1801 GULF DRIVE N Unit #215 BB,  listed at $425,000 and the highest is a 2br/2 bath 1,398 sq. ft. Island Paradise Condo at, 3708 Gulf Dr #1, HB is listed at $2,695,000.  Again, the prices for single-family homes continue to move up while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $3,987,084 and the median list price is $2,895,000, and for condos, the average list price is $779,000 and the median list price is $687,000.

                This month Frank & Al’s Best Buy at 106 Beach Ave. AM  3452 sq. ft. 5BR/3.5 Bath home two back from the Gulf was in the Wall Street Journal mansions section!  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale, let us know what that is today!    There is an exquisite GULF front home coming on the market soon!

                Looking at an average sale price of single-family homes in Manatee County through May 2023 was up again .9% above May 2022 at $735,779 and the Median sale price was up 10.7% at $570,000 from May 2022. The current inventory of single-family has jumped up 169.5% at 1531 from 568 in May 2022 and Condos were up to 786 from 234 in May 2022.  The Pending sales of SF are up at 772 vs. 593 in May 2022 and condos were up to 318 from 301 in May 2022.

                As far as you buyers… buying sooner is still better than later unless you are not going to buy for more than two years but I expect prices will only be going up not down.  Call (941) 232-2216 or email me at alan@alangalletto.com for an opinion on the value of the property you may want to sell, or for starting a search to find a property to buy today.

                Longboat Key current inventory dropped a little from last month to 159 (SF- 56, Con- 85, Dup- 0 & Lot- 18)  and is still in the middle of the range it’s been in the last thirty-two months 194, 137, 88, 92, 76, 48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 56 single-family homes, the average price is $1,039,000 and the median list price is $1,000,000.  For the 85 condos for sale, the average and median list prices respectively are $884,000 & $925,000.

Hope you are all staying safe & come on down to enjoy the Florida sunshine.

Keep those calls and e-mails coming!

We love hearing from you and look forward to seeing you on the island…Alan, Frank & Lynn

Click HERE  for FULL NEWSLETTER with detailed charts and facts for Anna Maria Island Real Estate sales.

 #AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland #AnnaMariaRealEstate

The post Anna Maria Island, FL. Real Estate News July 2023 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Most homes in Key Royale are Bay or Canal waterfront homes.  Call me for new listings.

Real estate sales on Anna Maria Island continue to slow down due mostly to low inventory.  Sales for the month of April 2022 were 57% lower than April 2021 at 40.  The Inventory has started to slowly build and is currently at 94.  Sales for April 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 40 (SF-26, Con-9, Dup-4 & Lot-1) compared to April 2021 at 70 (SF-42, Con-23, Dup-1 & Lot-4).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 36 of the last 45 months.  Inventory is currently at only 94 (SF-65, Con-25, Dup-2 & Lot-2).  Inventory for the previous 45 months were 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales have started to slow down, but the inventory has not started to build much yet.  Looking at Manatee County the average sale price of single-family homes and Condos in Manatee County through February 2022 was up again 36.1% to $371,367 above February 2021 at $272,932 and the current inventory is down 48.8% at 155 from 303 in February 2021.  As I noted above, the average sale price of a single-family home in Manatee County is $371,367 and the median sales price is 325,000 and the Pending sales are at 447 vs 648 last year. Again.…. I CAN NOT say this strongly enough; for those of you thinking of selling within the next year or two now would be the time to put your property on the market while the inventory is shrinking.   As far as you buyers…buying sooner is better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of the value of the property you may want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there were 59 properties that went pended SF-27, Condo-25, multi-family- 4 and the lots- 3.  The single families were listed between $769,900 and $6,900,000; The condos between $400,000 and $4,175,000; The Multi-families between $1,200,000 and $2,295,000.  Of the 94 single-family properties currently for sale, there is only 1 single-family property under $1 million ($999,500) and only 5 between $1 Million and $2 Million the remaining range between $2,195,000 and $28,500,000.   We have left out Frank & Al’s best buys again this month since there is so little inventory, and it changes so fast.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

        To summarize the Anna Maria Island Real Estate Market sales for April 2022 were 70% lower than April 2021.  The inventory has begun to creep up but is still the lowest I’ve seen it in 30 years, at again only 94 (SF-65, Con-25, Dup-2, Lot-2) 19% up from last month but still lower than 6 of the last 12 months at 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 59 (SF-27, Con-25, Dup-4 & Lot-3) at the low end from the previous thirteen months at 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-seven months. The distribution of the 65 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, .1% or (1) between $750K and $1 million, 6% or (5) between $1 million and $2 million and 28% or (18) between 2-3 Million and 62% or (40) over $3 million.  The highest-priced single-family home currently is $28,500,000 a 1940, remodeled 3,892 10BR.7.5bath beach house directly on a gulf front lot.  The lowest-priced is a half-duplex, 2 BR/2 bath, 1,053 sq. ft. at 208 82^nd St.  Holmes Beach. The distribution of the 26 Condos currently for sale on AMI is .5% or (1) <$500K, 41% or (12) $500K-$750K, 1.5% or (3) $750K – $1 million and 30% or (7) >$1 million.  You can see that 98% of the single-family prices are over $1 million while 73% of the condos were below $1million and only 27% are over $1 million.  As I mentioned above of the current inventory of 65 single-family homes the lowest priced property at 208 82nd St, HB listed at $999,500 a 2br/2bath, 1053 sq. ft. half-duplex and the highest is a $28,500,000 a Gulf Front property 102 48th St, HB.  Of the current inventory of 20 condos the lowest-priced unit, this month is a 1br/1bath Condo at 1603 Gulf Dr. #31 HB listed at $499,000 and the highest a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1 listed at $3,095,000.  The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $4,483,625 and the median list price is $3,685,000 and for condos, the average list price is $1,025,138 and the median list price is $716,500.   

         Longboat Key current inventory stayed about where it was last month at 48 (SF- 19, Con- 19, Dup- 1 & Lot- 2)  in the low end of the range it’s been in the last twenty-six months  41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 18 single family homes, the average price is $4,324,000 and the median list price is $3,047,500.  For the 29 condos for sale, the average and median list prices respectively are $2,242,297 & $1,250,000.

Hope you are all staying safe & come on down to enjoy the Florida sunshine.

Keep those calls and e-mails coming!

We love hearing from you and look forward to seeing you on the island…

Alan, Frank & Lynn

Click  for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

The post Anna Maria Island real estate news April 2022 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

2 and 1/2 blocks to the white sugar sand beaches of Anna Maria Island from this 2-3 bed/2bath with 1 car garage and 2 bed/1 bath with 1 car garage duplex!

         Real estate sales on Anna Maria Island again continue to outpace 2020 but is starting to slow down because we are running out of inventory.  Sales for the month of June 2021 were 54% over June 2020.  The Inventory has not significantly changed and is currently at 88.  Sales for June 2021 for Anna Maria City, Holmes Beach, and Bradenton Beach were 57 (SF-34, Con-19, Dup-3 & Lot-1) compared to June 2020 at 37 (SF-22, Con-10, Dup-1 & Lot-4).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 35 of the last 43 months and 22 of the last 25 months.  Inventory has popped up a little and is currently at only 88 (SF-54, Con-18, Dup-14 & Lot-2).  Inventory for the previous 43  months were 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  I think we’re close to the point where we are going to see the sales start to slow down and the inventory starts to build.  Looking at Manatee County the average sale price of single-family homes in Manatee County for May 2021 was up again 19.4% above May 2020 to $261,466 and the current inventory is down 78.5% at 207 from 961 in May 2020.  The average sale price of a single-family home in Manatee County is $261,466 and the median sales price is 243,595 and the Pending sales are at 299 vs 252 last year. Again.…. I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be the time to put your property on the market before the market slows down.  As I mentioned last month,  I took my own advice and put one of my properties, a duplex, up for sale.  As far as you buyers…buying sooner is better than later unless you aren’t going to buy for two years or so.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of the value of the property you want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there was not much activity.  The only property under contract from last month’s newsletter: 3407 29^th St Bradenton listed at $265,000 sold for $265,000.  Of the 54 single-family properties currently for sale, there are only 5 single-family properties under $1 million and only 22 between 1 Million and 2 million.   We have left out Frank & Al’s best buys again this month since there is so little inventory.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale, let us know what that is- today!            

        To summarize the Anna Maria Island Real Estate Market sales for June 2021 were 54% higher than June 2020.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 88 (SF-54, Con-18, Dup-14, Lot-2) slightly up from last month but still lower than 6 of the last 10 months at 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain strong at 63 (SF-40, Con-18, Dup-4 & Lot-1) dropping slightly from the previous twelve months at 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92, 71.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-five months. The distribution of the 54 single-family properties currently for sale on AMI continues to skew to the high end with 5% (3) <$750K, 4% or (2) between $750K and $1 million, 43% or (22) between $1 million and $2 million and 23% or (12) between 2-3 Million and 25% or (13) over $3 million.  The highest-priced single-family home currently is $8,900,000 a 1950’s house on a double gulf front lot with 174 ft. of beachfront.  The lowest-priced is a seaside garden 1 BR/1 bath, 688 sq. ft.  Villa. The distribution of the 18 Condos currently for sale on AMI is 19% or (3) <$500K, 12% or (2) $500K-$750K, 38% or (6) $750K – $1 million and 31% or (5) >$1 million.  You can see that 95% of the single-family prices are over $750K and 91% are over $1 million while 31% of the condos were below $750K and only 31% over $1 million.  As I mentioned above of the current inventory of 54 single-family homes the lowest priced property at 431 62^nd St HB  listed at $489,000 a 1br/1bath Villa in Seaside Gardens and the highest is an $8,900,000 double lot gulf Front property at 5102 5th Ave. HB.  Of the current inventory of 18 condos the lowest-priced unit, this month is a 1br/1bath Westbay Cove condo at 600 Manatee Ave. #214 listed at $425,000 and the highest a 3br/3 bath condo at Carissa Villas, 2 blocks to the beach at 201 57^th St unit A HB. The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $2,590,152 and the median list price is $1,992,500 and for condos, the average list price is $857,312 and the median list price is $830,000.   

         Longboat Key current inventory has popped up again to 62 (SF- 21, Con- 38, Dup- 1 & Lot- 2) still the lowest it’s been in the last twenty-one months  48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 21 single family homes, the average price is $3,643,814 and the median list price is $3,445,000.  For the 38 condos for sale, the average and median list prices respectively are $1,280,862 & $899,000.

Hope you are all staying safe & enjoying the summer weather.

Keep those calls and e-mails coming!

We love hearing from you and look forward to seeing you on the island…Alan, Frank & Lynn

Click HERE  for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

The post Anna Maria Island real estate news JULY, 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

It will be gone fast! Just like everything else on the market.  Seside Garden Handy man special.

       Real estate sales on Anna Maria Island continue to outpace 2020 which was a historically high sales year.  Sales for the month of March 2021 were over double the sales for March 2020 and the Inventory at 72 continues to be lower than the pended properties at 96.  Sales for March 2021 for Anna Maria City, Holmes Beach and Bradenton Beach were 76 (SF-37, Con-31, Dup-7 & Lot-1) were 223% higher than March 2020 at 34 (SF-14, Con-14, Dup-2 & Lot-4).  The inventory continues to be the lowest it’s been in 30 years and continues to be below 300 for 31 of the last 39 months and 18 of the last 21 months.  Inventory is currently at only 72 (SF-44, Con-13, Dup-9 & Lot-6).  Inventory for the previous 39  months were 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and again has hit a new low for this market.  Looking at the whole county single family sales for Manatee County February 28, 2021 Y-T-D were up again 12.8% above February 28, 2020 Y-T-D and the current inventory is down 70.7% from 2020 at this time.  The average sale price of a single-family home in Manatee County is $553,312 up 35.6% over a year ago. Again, for the fourth month….I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be a good time to put your property on the market while it still is a sellers’ market.  As I said last month, historically this market has come about every 7-10 years.  As far as you buyers…buying sooner is better than later.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of value or starting a search to find a property today.

         Since last month’s newsletter there continues to be a lot of activity.  517 Key Royale Dr. HB closed for $1,933,000. The following properties went under contract since last month’s newsletter: 210 75th St HB at $2,495,000; and 6700 Gulf Dr, HB listed at $1,799,000.  If you are looking for a great rental there again is not much to choose from.  Of the 44 single family properties currently for sale there still are only 4 single family properties under $1.1 million and only 16 between 1 Million and 2 million.   If you want to be directly on the Gulf than check out this New Four unit direct gulf front condo complex The units are 4BR/3.5 Bath between 2495-2635 sq. ft. with amazing views of the Gulf from each one.   If you want to see these or any other properties just call Lynn or I.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!   To summarize the Anna Maria Island Real Estate Market beginning 2021, sales for March 2021 were 223% higher than March 2021.  The inventory continues to drop and continues to be the lowest I’ve seen it in 30 years, at 72 (SF-44, Con-13, Dup-9, Lot-6) down from 76, 100, 135, 145, 155, 162 & 175 the last seven months.  Pended properties (properties under contract) continue to remain strong at 95 (SF-53, Con-35, Dup-4 & Lot-3) above all but two of the previous ten months at 95, 101, 87, 86, 90, 94, 112, 92, 71 & 42.  For the last two months in a row there are more pended properties then there is inventory. Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-two months. The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with only 2% or (1) <$750K, 7% or (3) between $750K and $1 million, 36% or (16) between $1 million and $2 million and 28% or (13) between 2-3 Million and 27% or (12) over $3 million.  The distribution for Condos currently for sale on AMI is 14% or (2) <$500K, 28% or (4) $500K-$750K, 22% or (3) $750K – $1 million and 36% or (5) >$1 million.  You can see that 99% of the single-family prices are over $750K and 91% are over $1 million while 42% of the condos were below $750K and only 36% over $1 million.  As you can see again single family prices continue to go up much faster than condo prices.  Of the current inventory of 44  “single family homes” the lowest priced property again is $725,000 (a 2br/1bath) home at 203 Haverkos Ct. HB and the highest are two $6,000,000 Gulf front properties 104 75^th St. South and North, HB.  Of the current inventory of 13 condos the lowest priced unit again this month is a 1br/1bath  condo at 1325 Gulf Dr. #220 BB at Tortuga listed at $349,000 and the highest $1,250,000 a 2br/2 bath direct gulf front Island Paradise, 3708 Gulf Dr. Unit #4, HB. The prices for single family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $2,538,467 and the median list price is $2,375,000 and for condos, the average list price is $790,154 and the median list price is $750,000.

           Longboat Key current inventory has for the ninth month in a row dropped down again significantly to 59 (SF- 17, Con- 35, Dup- 2 & Lot- 5) the lowest it’s been in the last twenty-one months  75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 17 single family homes, the average price is $2,687,176 and the median list price is $2,400,000.  For the 35 condos for sale, the average and median list prices respectively are $1,270,528 & $765,000.

Hope you are all staying safe& enjoying the spring weather. Keep those calls and e-mails coming?   We love hearing from you and look forward to seeing you on the island…Alan, Frank & Lynn

Click for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island real estate forecast April 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

A few steps down to the white sugar sand beach of Anna Maria Island. WOW

          Real estate sales on Anna Maria Island continue to outpace 2020 which was a historically high sales year.  Sales for the month of February 2021 were about equal to sales for February 2020 and  Inventory at 76 is lower than the pended properties at 95.  Sales for February 2021 for Anna Maria City, Holmes Beach and Bradenton Beach were 35 (SF-22, Con-12, Dup-0 & Lot-1) about equal to  February 2020 at 36 (SF-17, Con-14, Dup-3 & Lot-2) after being up 79% and 99% over the previous two months.  Sales are tapering off not because there is no demand but because there is no inventory. The inventory continues to be the lowest it’s been in 30 years and continues to be below 300 for thirty of the last thirty-eight months and seventeen of the last twenty months.  Inventory is currently at only 76 (SF-43, Con-19, Dup-7 & Lot-7).  Inventory for the previous thirty-eight months were 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and again has hit a new low for this market.  Looking at the whole county single family sales for Manatee County January 31, 2021 Y-T-D were up again 26% above January 31, 2020 Y-T-D and the current inventory is down 64% from 2020 at this time.  The average sale price of a single-family home in Manatee County is $510,940 up 21% over a year ago. Again, this month….I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be a good time to put your property on the market while it still is a sellers’ market.  Historically this market has come about every 7-10 years.  As far as you buyers…buying sooner is better than later.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of value or to start a search to find a property today.

           Since last month’s newsletter there continues to be a lot of activity.  543 67^th St. HB closed for $1,802,395. Palm Isle Village 3206 6^th Ave. HB at $525,000. 600 Manatee Ave. West Bay Cove #214 HB closed for $362,000.  3601 East Bay Drive Sandy Pt #207 HB closed at 321,500.  West Cove N 600 Manatee Ave HB closed at $362,000.  6814 Gulf West Winds HB at $560k.The following properties went under contract since last month’s newsletter: 3707 Gulf Dr. HB listed at $1,949,000; and 6500 Flotilla #157, HB listed at $459,000.  If you are looking for a great rental there again is not much to choose from.  Of the 43 single family properties currently for sale there are only 4 single family properties under $1.1 million and only 14 between 1 Million and 2 million.   If you want to be directly on the Gulf then check out this New Four unit direct gulf front condo complex The units are 4BR/3.5 Bath between 2495-2635 sq. ft. with amazing views of the Gulf from each one.   Call me to get the details…hurry one is already sold.    If you want to see these or any other properties just call Lynn or I.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today! To summarize the Anna Maria Island Real Estate Market beginning 2021, sales for February were about equal to February 2020.  The inventory continues to drop and continues to be the lowest I’ve seen it in 30 years, at 76 (SF-43, Con-19, Dup-7, Lot-7) down from 100, 135, 145, 155, 162 & 175 the last six months.  Pended properties (properties under contract) continue to remain strong at 95 (SF-53, Con-35, Dup-4 & Lot-3) above all but two of the previous nine months at 101, 87, 86, 90, 94, 112, 92, 71 & 42.  There are more pended properties than there is inventory. Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-one months. The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with only 2% or (1) <$750K, 7% or (3) between $750K and $1 million, 43% or (19) between $1 million and $2 million and 23% or (10) between 2-3 Million and 25% or (11) over $3 million.  The distribution for Condos currently for sale on AMI is 16% or (3) <$500K, 42% or (8) $500K-$750K, 21% or (4) $750K – $1 million and 21% or (4) >$1 million.  You can see that 98% of the single-family prices are over $750K and 91% are over $1 million while 58% of the condos were below $750K and only 21% over $1 million.  As you can see again single family prices continue to go up much faster than condo prices.  Of the current inventory of 43  “single family homes” the lowest priced property is $725,000 (a 2br/1bath) home at 203 Haverkos Ct. HB and the highest is $6,750,000 a .87 acre gulf front elevated home built in 2014 at 807 N Shore Dr. AM  Of the current inventory of 19 condos the lowest priced unit again this month is a 1br/1bath  condo at 1325 Gulf Dr. #220 BB at Tortuga listed at $349,000 and the highest $3,750,000 a 4br/3.5 bath direct gulf front Buena Vista,101 67^th St. Unit 1, HB.  The prices for single family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $2,449,545 and the median list price is $1,935,000 and for condos, the average list price is $917,142 and the median list price is $684,900.

           Longboat Key current inventory has for the ninth month in a row dropped down again significantly to 75 (SF- 16, Con- 50, Dup- 2 & Lot- 7) the lowest it’s been in the last twenty months at 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 16 single family homes, the average price is $2,642,688 and the median list price is $1,993,000.  For the 50 condos for sale, the average and median list prices respectively are $1,122,004 & $672,000.

Hope you are all staying safe& enjoying the spring weather. Keep those calls and e-mails coming.   We love hearing from you and look forward to seeing you on the island…Alan, Frank & Lynn

Click HERE for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island real estate news March, 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

4+Plex with income possibilites Update and make it an Island Paradise of your own.

Well, its official!  Real estate sales for 2020 on Anna Maria Island ended the year at 579. Higher than any year since we have been recording sales.  The previous high was 438.  Sales for the month of December were 68, twice as high as sales for December 2019 at 34.  Inventory continues to remain the lowest I’ve seen it in the last 25 years at 135.  Sales for December 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 68 (SF-39, Con-24, Dup-1 & Lot-4) up 200% above December 2019 at 34 (SF-24, Con-6, Dup-4 & Lot-0) after being up 179% and 299% over the last two months.  Sales for December 31, 2020 Y-T-D were 579 (SF-327, Con-194, Dup-28, Lot-30) up 54% above December 2019 Y-T-D at 375 (SF-237, Con-107, Dup-24, Lot-7).  The inventory continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-eight of the last thirty-six months and fifteen of the last seventeen months.  Inventory is currently at only 135 (SF-73, Con-42, Dup-9 & Lot-11).  Inventory for the previous thirty-six months were 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and again has hit a new low for this market.  Single family sales for Manatee County December 31,2020 Y-T-D were up 63% above December 31,2019 Y-T-D and the current inventory is down 216% from 2019 at this time.

I can not say this strongly enough;  for those of you thinking of selling within the next year or so now would be a good time to put your property on the market.  While it is a sellers’ market as far as you buyers…buying sooner is better than latter.  Call (941) 232-2216 or email me at alan@alangalletto.com for an opinion of value or starting a search to find a property today.

Since last month’s newsletter there continues to be a lot of activity.   2915 Ave E. #2 HB, closed for $515,000, and the property at 2310 Gulf Dr. #104 closed for $520,000. The property at 517 KR, HB just went under contract and also so did 7100 Gulf Dr. #202, HB as well, on the beach.  Still available is the 180 degree Bimini Bayfront view, the ideal boater’s home, check out 543 67th St. HB.  Take the current home to the next level, the existing 2,909 sq. ft.  4 bedroom/4 bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal or tear down and build new.  If you are looking for a great rental  304 65^th St. HB recently became available.  A 5BR/3.5 Bath a short walk to the beach with a resort style pool and spa with large outdoor bar (see Frank & Al’s great buy’s).  Call us to see the property that meets your needs.  If you want to be directly on the Bay then look at the home at 238 S. Harbor Dr. HB  a 5 bedroom/ 4.5 bath 3,526 sq. ft. waterfront home with all the amazing views you would expect.     If you want to see this or any property just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the twelve months of 2020, sales were 55% above the twelve months of 2019.  The inventory continues to drop and continues to be the lowest I’ve seen it in 25 years, at 135 (SF-73, Con-42, Dup-9, Lot-11) down from 145, 155, 162 & 175 the last four months.  Pended properties (properties under contract) remains strong at 87 (SF-47, Con-31, Dup-7 & Lot-2) close to last month at 86 and in the middle of the previous six months at 90, 94, 112, 92, 71 & 42.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last twenty-seven months.

The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with only 5% or (5) <$750K, 12% or (9) between $750K and $1 million, 36% or (26) between $1 million and $2 million and 47% or (34) over $2 million.  The distribution for Condos currently for sale on AMI is 33% or (14) <$500K, 29% or (12) $500K-$750K, 19% or (8) $750K – $1 million and 19% or (8) >$1 million.  You can see that 95% of the single-family prices are over $750K and 83% are over $1 million while 33% of the condos were below $500K.  As you can see again single family prices are going up much faster than condo prices.  Of the current inventory of 73  “single family homes” the lowest priced property is $525,000 (a 1br/1bath) home at 205 peacock Lane HB and the highest is again $6,495,000 a 1/2 acre gulf front tear down built in 1960 at 5102 5^th Ave. HB  Of the current inventory of 42 condos the lowest priced unit this month is a 2br/1bath  condo at 611 Gulf Dr. Imperial House D26 BB listed at $300,000 and the highest $2,199,000 a 3br/3bath direct gulf front Vista Grande unit 4 HB. BTW; our rental department estimates this unit could gross about $125k.  The prices for single family homes continue to move up rapidly while condos continue to remain flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,308,936 and the median list price is $1,995,000 and for condos, the average list price is $769,459 and the median list price is $588,944.

Longboat Key current inventory has for the eighth month dropped down again significantly to 129 (SF- 50, Con- 89, Dup- 1 & Lot- 16) the lowest it’s been in the last eighteen months 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 37 single family homes, the average list price is $2,541,916 and the median list price is $1,595,000.  For the 75 condos for sale, the average and median list prices respectively are $1,299,236 & $750,000.

Hope you are enjoying the fall weather (we don’t do winter here!!  HA).

Keep those calls and e-mails coming.   Please, continue to stay safe!

We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

Click HERE ((((( ADD NEWSLETTER LINK HERE)))))) for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate 

The post Anna Maria Island real estate updates January 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

2bedroom / 2 bath on one side and 1/1 on other.

Anna Maria Island real estate sales continue to get stronger each month in 2020.  Sales for the month of October continue to be this year in the highest range we have seen since 2005.  I think sales for 2020 will end the year in the 500 range, the highest yearly sales ever recorded.  Also the Inventory continues to remain the lowest I’ve seen in the last 25 years so the sales have not slowed down.  Sales for October 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 64 (SF-39, Con-20, Dup-3 & Lot-2) up 291% above October 2019 at 22 (SF-13, Con-6, Dup-2 & Lot-1).  Sales for October 2020 Y-T-D were 451 (SF-258, Con-145, Dup-24, Lot-24) up 146% above October 2019 Y-T-D at 308 (SF-193, Con-91, Dup-17, Lot-7).  Sales for the last 12 months were 418 (SF-302, Con-161, Dup-31 & Lot-24) up 120% above the previous 12 months at 349 (SF-220, Con-105, Dup-17 & lot-7).   The inventory continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-six of the last thirty-four months and thirteen of the last sixteen months.  Inventory is currently at only 155

(SF-85, Con-54, Dup-8 & Lot-8).  Inventory for the previous thirty-four months were 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and again has hit a new low for this market.  Single family sales for Manatee County September Y-T-D were up 37% above 2019 September Y-T-D and the current inventory is down 46% from 2019 at this time.

As I said last month for those of you thinking of selling within the next year or so now would be a good time to put your property on the market while it’s a sellers’ market.  Call or email me for an opinion of value today (941) 232-2216 or alan@alangalletto.com.

Since last month’s newsletter there again has been a lot of activity.   214 66^th St.  HB, closed for $475,000, and the property at 2301 Gulf Dr.#104  BB just went under contract and we put 747 Jacaranda Rd. AM under contract as well, two houses to the beach.  Still available is the 180 degree Bimini Bayfront view, the ideal boater’s home, check out 543 67th St. HB.  Take the current home to the next level, the existing 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal or tear down and build new.  If you are looking for a great rental  304 65^th St. HB recently became available.  A 5BR/3.5 Bath a short walk to the beach with a resort-style pool and spa with large outdoor bar (see Frank & Al’s great buy’s).  Call us to see the property that meets your needs.  If you want to be directly on Tampa Bay then look at the home at 705 Key Royale Dr. HB  a 3-5 bedroom/ 3bath 1993 sq. ft. waterfront home with all the amazing views you would expect.     If you want to see this or any property just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the first ten months of 2020, sales were 146% above the first ten months of 2019.  The inventory continues to drop and be the lowest I’ve seen it in 25 years, at 155 down from 162 & 175 the last two months.  Pended properties (properties under contract) continue to stay strong at 85 (SF-43, Con-35, Dup-4 & Lot-3) close to last month at 94 and in the middle of the previous four months at 112, 92, 71 & 42.  Distressed properties continue to be non-existent as they have been for the last couple of years with none in the current inventory and only two in the last twenty-five months.  The distribution of the single family properties currently for sale on AMI continues to skew to the high end with only 5% or (4) <$750K, 13% or (11) between $750K and $1 million, 38% or (32) between $1 million and $2 million and 44% or (37) over $2 million.  The distribution for Condos currently for sale on AMI is 34% or (18) <$500K, 26% or (14) $500K-$750K, 22% or (12) $750K – $1 million and 18% or (10) >$1 million.  You can see that 95% of the single-family prices are over $750K and 85% are over $1 million while 34% of the condos were below $500K.  As you can see again single family prices are going up much faster than condo prices.  Of the current inventory of 85  single family homes the lowest priced property is $515,000 (a 2br/1bath half-duplex at 205 #B 71^st St and the highest is again $6,800,000 a 3/4 acre gulf front complex built in the 1940’s but totally remodeled at 103 79^th St.  Of the current inventory of 58 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $229,500 and the highest $2,199,000 a 3br/3bath direct gulf front Vista Grande unit. BTW; the Rental department estimates this unit could gross about $125k.  The prices for single family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,154,228 and the median list price is $1,799,900 and for condos, the average list price is $754,099 and the median list price is $592,000.

Longboat Key current inventory has for the sixth month dropped down again significantly to 172 (SF- 56, Con- 96, Dup- 1 & Lot- 19) the lowest it’s been in the last sixteen months 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 56 single family homes, the average list price is $2,661,514 and the median list price is $1,647,000.  For the 96 condos for sale, the average and median list prices respectively are $1,201,667 & $755,000.

Hope you are enjoying the fall weather. Keep those calls and e-mails coming.

Please, continue to stay safe!

We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

Click  HERE for FULL NEWSLETTER and detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216     ALAN@AlanGalletto.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island real estate news November, 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

        Anna Maria Island Real Estate Sales continue very strong through September 2020.  Sales for the month of September continue to be this year in the highest range we have seen since the 1990s.  Also, the Inventory continues to be again the lowest I’ve seen in the last 25 years so the sellers’ market continues.  Sales for September 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 76 (SF-44, Con-24, Dup-3 & Lot-5) up 345% above August 2019 at 22 (SF-11, Con-10, Dup-1 & Lot-0).  Sales for September 30, 2020       Y-T-D were 387 (SF-219, Con-125, Dup-21, Lot-22) up 35% above September 30, 2019 Y-T-D at 286 (SF-180, Con-85, Dup-15, Lot-6).  Sales for the last 12 months were 476 (SF-276, Con-147, Dup-30 & Lot-23) up 37% above the previous 12 months at 348 (SF-220, Con-107, Dup-15 & lot-6).   The inventory at 162 continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-five of the last thirty-three months and thirteen of the last fifteen months.  Inventory is currently at only 162 (SF-87, Con-57, Dup-10 & Lot-8).  Inventory for the previous thirty-three months were 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and again has hit a new low for this market.  Single-family sales for Manatee County September Y-T-D were up 37% above 2019 September Y-T-D and the current inventory is down 46% from 2019 at this time.

        As I said Anna Maria Island Real Estate last month for those of you thinking of selling within the next year or so, as you can see from the numbers, now would be a good time to put your property on the Anna Maria Island Real Estate market while it’s a sellers’ market.  Call or email me for an opinion of value today (941) 232-2216 or alan@alangalletto.com.

         Since last month’s newsletter there again has been a lot of activity.   319 64^th St. HB, closed for $750,000, and the property at 6301 Holmes Blvd. HB closed for $895,000, and 405 20^th Place, BB  closed for $880,000.  Still available is the 180-degree Bimini Bayfront view, the ideal boater’s home, check out 543 67th St. HB.  Take the current home to the next level, the existing 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal or tear down and build new.  If you are looking for a great rental  776 N Shore, AM recently became available.  A five-minute walk to the beach across the street with private pool and gulf views it did $118K in gross annual rental income in 2019 (see Frank & Al’s great buy’s).  Call us to see the property that meets your needs.  If you want to be directly on the Gulf then look at the condo at 5622 Gulf Dr. HB  a 3 bedroom/ 3bath 1993 sq. ft. condo built in 2007 with all the amenities you would expect.  The rental department estimates this unit could gross about $125k.   If you want to see this or any unit just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

         To summarize the Anna Maria Island Real Estate Market for the first nine months of 2020, sales were 35% above the first nine months of 2019.  The inventory continues to drop and be the lowest I’ve seen it in 25 years, at 162 down from 175 last month.  Pended properties (properties under contract) continue to stay strong at 94 (SF-47, Con-39, Dup-4 & Lot-4) close to last month at 112 and above the previous three months at 92, 71 & 42.  Distressed properties continue to be non-existent as they have been for the last couple of years with none in the current inventory and only two in the last twenty-four months.  The distribution of the single-family properties currently for sale on AMI continues to skew higher with only 4% or (3) <$750K, 14% or (12) between $750K and $1 million, 36% or (31) between $1 million and $2 million and 46% or (39) over $2 million.  The distribution for Condos currently for sale on AMI is 38% or (22) <$500K, 29% or (17) $500K-$750K, 16% or (9) $750K – $1 million and 17% or (10) >$1 million.  You can see that 96% of the single-family prices are over $750K and 82% are over $1 million while 38% of the condos were below $500K.  As you can see again single-family prices are going up much faster than condo prices.  Of the current inventory of 87 single-family homes the lowest priced property is $525,000 (a 1br/1bath half-duplex at 205 Peacock lane) and the highest is again $6,800,000 a 3/4 acre gulf front complex built in the 1940s but totally remodeled at 103 79^th St.  Of the current inventory of 58 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $219,000 and the highest $2,295,000 again the 3br/3.5bath direct gulf front Palm Gables unit.  The prices for single-family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,172,068 and the median list price is $1,799,900 and for condos, the average list price is $718,475 and the median list price is $569,000.

         Longboat Key  current inventory has for the fifth month dropped down again significantly to 178 (SF- 66, Con- 110, Dup- 2 & Lot- 21) the lowest it’s been in the last fifteen months 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 59 single-family homes, the average list price is $2,717,409 and the median list price is $1,595,000.  For the 106 condos for sale, the average and median list prices respectively are $1,045,164 & $627,000.

Hope you’re enjoying the Fall weather and keep those calls and e-mails coming.

Please, continue to stay safe!

We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

Click HERE for FULL NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island Real Estate Oct 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Vista Grande condo on Anna Maria Island.           This  GULF FRONT unit COULD BE A            RENTAL WORKHORSE!!!

Well last month did I say the Corona virus has slowed sales through the first half of the year versus the first six months of 2019?  All the buyer’s out there must have wanted to prove me wrong because sales for the month of July were the highest by far since I have been keeping monthly sales as far back as the 1990’s.  Also Inventory is the lowest I’ve seen in the last 20 years which will continue to support the upward pressure on prices.  Sales for July 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 64 (SF-46, Con-13, Dup-4 & Lot-1) up 220% above July 2019 at 29 (SF-20, Con-8, Dup-1 & Lot-0).  Sales for July 31, 2020 Y-T-D were 258 (SF-148, Con-81, Dup-15, Lot-14) up 8% above July 31, 2019 Y-T-D at 237 (SF-148, Con-70, Dup-14, Lot-5).  Sales for the last 12 months were 396 (SF-237, Con-118, Dup-25 & Lot-16) up 11% above the previous 12 months at 357 (SF-218, Con-111, Dup-23 & lot-5).   The inventory at 196 is the lowest it’s been in 25 years and continues to be below 300 for twenty-three of the last thirty-one months and eleven of the last thirteen months.  Inventory is currently at only 196 (SF-112, Con-65, Dup-8 & Lot-11).  Inventory for the previous thirty months were 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and as I said has hit a new low for this market.  For those of you thinking of selling within the next year or so now would be a good time to put your property on the market.  Call or email me for an opinion of value today.

Since last month’s newsletter there has been a lot of activity.   5614 Guava, HB, closed for $560,000 and the property at 661 Key Royale Drive HB also closed for $4,195,000.  Also the following properties went under contract, 319 64^th St. HB,  6301 Holmes Blvd HB,  1001 Gulf Dr #3 BB,  113 Palm AM,  405 20^th Place BB,  129 52^nd St. HB  Still available is the 180 degree Bimini Bayfront view, the ideal boater’s home, check out 543 67th St. HB . The city says this lot is big enough to split in half and build two homes or ready to take the current home to the next level, the existing 2,909 sq. ft.  4 bedroom/4 bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal; there is a ground level mother-in-law (MIL) suite.  If you are looking for a great rental    147 50^th St HB Just became available.  A 4 minute walk to the beach with private pool, spa and waterfall feature this is a great location for great rental.  Call us to see the FANTASTIC rental income.  If you want to be directly on the Gulf then look at the recently withdrawn but still available condo at 5622 Gulf Dr. HB  a 3 bedroom/ 3 bath 1993 sq. ft condo built in 2007 with all the amenities you would expect.  Rental department estimates this unit could gross about $125 k.   If you want to see this or any unit just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the first seven months of 2020, sales were 8% above the first seven months of 2019.  Last month we said we thought sales would slow down because of the corona virus but quite the opposite happened sales sky rocketed.  The inventory as I said is the lowest I’ve seen it in 25 years, at 196, which continues to put upward pressure on prices.  Pended properties (properties under contract) continue to grow stronger at 112 (SF-64, Con-34, Dup-8 & Lot-6) again well above last month at 92 and the previous two months at 71 & 42.  This continues to bode well for sales to continue to stay strong over the next several months.  Distressed properties continue to be non-existent as they have been for the last couple years with none in the current inventory and only two in the last twenty-three months.  The distribution of the single family properties currently for sale on AMI continuing higher with only 3% or (3) <$500K, 7% or (7) 500K-750K, 11% or (12) between $750K and $1 million, 44% or (46) between $1 million and $2 million and 35% or (37) over $2 million.  The distribution for Condos currently for sale on AMI is 48% or (32) <$500K, 31% or (20) $500K-$750K, 12% or (8) $750K – $1 million and 9% or (6) >$1 million.  You can see that again 90% of the single-family prices are over $750K and 79% are over $1 million while 48% of the condos were below $500K.  As you can see again single family prices are going up much faster than condo prices.  Of the current inventory of 132 single family homes the lowest priced property is still $389,000 (a Seaside Gardens 2br/2bath) and the highest is again $7,995,000 a one acre gulf front complex built in the 1940’s but totally remodeled.  Of the current inventory of 72 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $214,900 and the highest $2,295,000 again the 3br/3.5bath direct gulf front Palm Gables unit.  The prices for single family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $1,956,815 and the median list price is $1,689,500 and for condos the average list price is $616,674 and median list price is $515,000.  Condos have gone down while single families have gone up.

Longboat Key current inventory has for the third month dropped down significantly to 218 (SF- 70, Con- 123, Dup- 2 & Lot- 23) the lowest it’s been in the last thirteen months at 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at  388, 386, 404, 442, 461, 455, 452. Of the current inventory of 70 single family homes the average list price is $2,181,669 and the median list price is $1,195,000.  For the 123 condos for sale the average and median list prices respectively are $780,285 & $624,950.

Have a great rest of the summer and keep those calls and e-mails coming.

Please, continue to stay safe!

We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

Click HERE for detailed charts and facts of Anna Maria Island Real Estate for sale and the full version of the Newsletter.
941-232-2216    ALAN@AlanGalletto.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island, FL; Real Estate Newsletter August 2020 * appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Townhouse with tropical pool area, 3 beds, 2 1/2 baths and great livivng

The Coronavirus has slowed showings in this market but they have picked up over last week.  Sales in April 2020 were significantly below sales for April 2019 but April 2019 was an unusually high sales month not just for 2019 but any month in the last 15 years.  Year-to-date sales continue to be above last year.  The continued low inventory (under 300) continues to support the current pricing without putting pressure on any reductions.  We will continue to keep you informed of anything that significantly changes, relative to the corona-virus.  Sales for April 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 23 (SF-12, Con-9, Dup-1 & Lot-1) down 56% below April 2019 at 41 (SF-26, Con-13, Dup-1 & Lot-1) which as I said was an unusually high sales month.  Sales for April 30, 2020 Y-T-D were 127 (SF-68, Con-46, Dup-6, Lot-7) up 9% above April 30, 2019 Y-T-D at 117 (SF-75, Con-34, Dup-6, Lot-2).  Sales for the last 12 months were 385 (SF-230, Con-119, Dup-24 & Lot-12) up 4% above the previous 12 months at 369 (SF-219, Con-120, Dup-22 & lot-8).   The inventory has dropped again below 300 again at 274 continuing to be below 300 for twenty of the last twenty-eight months and six of the last nine months.  Inventory is currently at 253 (SF-146, Con-77, Dup-13 & Lot-17).  Inventory for the previous twenty-eight months were 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and continues to be historically low and well below average  for this market.

Frank & Al’s Great Buy’s list this month have a few changes.  Still available is the 180 degree Bimini Bayfront view, the ideal boater’s home, check out 543 67th St. HB . The city says this lot is big enough to split in half and build two homes or ready to take the current home to the next level, the existing 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal; there is a ground level mother-in-law (MIL) suite.  If you’re looking for a great rental then look at 129 52^nd St. HB.  West of Gulf Drive and a block from the beach and close to shopping with 4bedrooms/4 baths.  Call us to see the FANTASTIC rental income on this property which did $94,800 in gross annual rental income in 2019.  If you want to be directly on the Gulf then look at the recently withdrawn but available condo at 5622 Gulf Dr. Holmes Beach, a Vista Grande; 3bedroom / 3bath unit 1993 sq. ft. Condo built in 2007 with all the amenities you would expect.  If you want to see this unit just call Lynn or I.  Also available Gulf Front 6818 Gulf Dr. HB -Westwinds, top floor 2/2 plus loft unit for only $799,000.  We can put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the first four months of 2020, sales were 9% above the first four month’s of 2019 but we expect the 2^nd quarter to slow down a little and be under the 2^nd quarter of 2019 because of the corona-virus.  The inventory still remains in the low range, as shown above, at 253 which means there is not any immediate downward pressure on prices.  Pended properties (properties under contract) look strong this month at 42 (SF-25, Con-10, Dup-5 & Lot-2) above last month at 39 and still very healthy which continues to allow us to expect consistent sales into the next quarter.  Distressed properties continue to be non-existent as they have been for the last couple years with still only one distressed property currently for sale on the island (a bank owned condo) and only two in the last twenty months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much over the last year or so with only 4% or (6) <$500K, 11% or (17) 500K-750K, 14% or (21) between $750K and $1 million, 46% or (68) between $1 million and $2 million and 25% or (37) over $2 million.  The distribution for Condos currently for sale on AMI is 53% or (40) <$500K, 33% or (25) $500K-$750K, 7% or (5) $750K – $1 million and 7% or (5) >$1 million.  You can see that again 85% of the single-family prices are over $750K and 71% are over $1 million while 53% of the condos were below $500K.  This distribution of single-family prices and condo prices continues to inch up year by year.  Of the current inventory of 146 single family homes the lowest priced property is still $419,000 (a Sunbow Bay 3br/3bath) and the highest is $6,850,000 again the one acre gulf front complex built in the 1940’s but totally remodeled.  Of the current inventory of 77 condos the lowest priced is this month a 1br/1bath TradeWinds condo at $214,900 and the highest $2,295,000 a 3br/3.5bath direct gulf front Palm Gables unit.  The prices for single family and condos continue to remain creep up.  Of the single-family properties currently for sale on AMI, the average list price is $1,734,867 and the median list price is $1,495,000 and for condos the average list price is $563,382 and median list price is $499,000 not much change from last month.

Longboat Key current inventory has dropped down again to 337 (SF- 113, Con- 200, Dup- 0 & Lot- 24) about the middle of the last ten months at 388, 386, 378, 364, 354, 309, 309, 274, 289,359 but lower than the previous seven months at  388, 386, 404, 442, 461, 455, 452. Of the current inventory of 113 single family homes the average list price is $2,070,473 and the median list price is $1,249,000.  For the 200 condos for sale the average and median list prices respectively are $746,024 & $595,000.

Have a great day and keep those calls and e-mails coming and please continue to stay safe!  We love hearing from you and look forward to seeing you on the island.

THE GALLETTO TEAM of Island Real Estate  Alan, Frank and Lynn

6101 Marina Drive, Holmes Beach FL 34217.

For detailed charts see the entire newsletter on our website; Click here  
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate
ALAN@AlanGalletto.com

The post Anna Maria Island, FL; Real Estate Newsletter May 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.