February 2025 vs February 2026 comparisons: Demand is up from last year. 13 single family properties sold versus 20 properties sold in 2026. Condominium sales are way up compared to February 2025. 6 sold in 2025 versus 11 in 2026.

February 2026 sold data: 60% of the sold properties in February 2026 were below a $2M price tag. This is a slight improvement over January but still clear buyers are waiting for bargains. No question we are still in a buyer’s market. For single family properties sold in February – 15% sold under $1M, 45% between $1M -$2M, 10% between $2M – $3M, and 30% between $3M – $5M. For condos sold in February 2026, 46% sold under $0.5M, 46% between $0.5M and $1M and 8% above $1M.

Last month Comparisons: In the month of February we saw 21 properties go pending compared to last month, 31. Demand fell 30%. 16 of those were single family homes and 5 were condominiums. A big slow down versus last month for condos. For single family homes that went pending, 50% of those had a list price of more than $2M. The sweet spot for condos remains between $0.5M to $1M with 80% of pending’s for condos in that range. As a note, the highest price single family that went pending was $5.75M and the highest pending condo for February had a list price of $0.799M.

Single Family for sale Data: The distribution of single-family properties for sale is 5%, $1M or less, 34% is $1M – $2M, 20% is $2M – $3M, 27% from $3M to $5M and above $5M is 7%.
Condos for Sale Data: The distribution of condos for sale are 19% under $0.5M, 58% from $0.5M to $1M, and 23% above $1M for sale.

Summary: Yup, the data continues to point to a buyer’s market. In my January newsletter we saw a West of Gulf Drive home go for $1.65M which is the lowest we have seen in 5+ years, that establishes a low land value. This past month we saw a 1989 built house over 4,500 sq ft on the Bay go for $3.4M. An absolute steal as it was perfectly livable with zero hurricane damage. If you are a buyer, it is great news, it sets bay front land value at least in Holmes Beach to be less than $3.4M. If you are looking for a good starter vacation rental, 5803 De Palmas just hit the market and is a great starter at $1.05M with a pool, ground level and newly renovated.

We would love the opportunity to help sell your property or start the process of sending real-time actives, pending and sold property so the education process can begin towards the purchase of your AMI home away from home. Tons of folks back on the island in February and Jennifer mentioned Publix was a mob scene this past Saturday. All great signs visitors are returning to our paradise! Thanks so much – Larry Chatt

The post Anna Maria Island Real Estate February 2026 Market Update appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

January 2025 vs January 2026 comparisons: Demand is a mixed bag compared to last year. 14 single family properties sold versus 20 properties sold in 2025. Condominium sales on the other hand are way up compared to January 2025. 3 sold in January 2025 versus 16 January 2026.

January 2026 sold data: 71% of the sold properties in January 2026 were below a $2M price tag. It is clear buyers are looking for property under market value. No question we are still in a buyers market. For single family properties sold in January – 21% sold under $1M, 50% between $1-$2M, 7% between $2M-$3M, 14% between $3M – $5M and 7% above $5M. For condos sold in January 2026, 38% sold under $0.5M, 50% between $0.5M and $1M and 13% above $1M.

Last month Comparisons: In the month of January we saw 31 properties go pending compared to December of 16. Certainly encouraging the pipeline for closings is improving. 19 of those were single family homes and 12 were condominiums. For single family homes that went pending, 42% of those had a list price of more than $2M. The sweet spot for condos remains between $0.5M to $1M with 58% of pending for condos in that range.

Single Family for sale Data: The distribution of single-family properties for sale is 12%, $1M or less, 36% is $1M – $2M, 20% is $2M – $3M, 25% from $3M to $5M and above $5M is 14%.
Condo for Sale Data: The distribution of condos for sale are 17% under $0.5M, 59% from $0.5M to $1M, and 24% above $1M for sale.

Summary: Most of the data continues to point us to a buyer’s market for Anna Maria Island real estate although the single family pending data for January is very encouraging. Speaking of a buyers market, West of Gulf drive land is around $1.65M which is at least a 5 year discount! If you have been in the market to purchase an Anna Maria Island property, then I continue to suggest you be sure to start educating yourself on market pricing for AMI properties. At the first sign of a turn I will be sure to voice my opinion but for now the data is a mixed bag and no clear data points providing a clear change in the supply versus demand curve. For example, inventory for sale did elevate 15% in January however demand has elevated as well to maintain a flat inventory absorption.

We would love the opportunity to help sell your property or start the process of sending real-time active’s, pending and sold property so the education process can begin towards the purchase of your AMI home away from home. Finally, I expect with high season approaching our real estate market will begin heating up and you can expect a monthly newsletter from here forward. Thanks so much – Larry Chatt

The post Anna Maria Island January 2026 Market Update appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Inventory for sale has elevated a small amount since Q3/2025. Q3/2025 ended at 296 AMI properties for sale and Q4/2025 increased to 309 which represents a 4% increase in inventory. Inventory absorption which is a relative leading indicator for supply and demand saw a slight increase from 11.0 months Q3/2025 versus Q4/2025 of 11.4 months. Our 10 year average inventory absorption is 8.1 months of inventory on hand. In summary, slightly above average supply with slightly below average demand. It is however important to note we have seen 12 months of flat supply versus demand.

Q4/2024 vs Q4/2025 comparisons: Demand is up compared to last year, (51) Q4/2024 versus (81) Q4/2025 AMI property sold representing an increase in demand of 59%.

Q4/2025 sold data: The average sale pace for Q3/2025 was 27 per month. 21% of the sold properties Q4/2025 were above $2M as compared to Q3/2025 which was 25%. I was hoping we would see non-distressed sales increase closer to 30%. This tells us the market is moving from distressed buyers to those ready to make the leap. It’s important to keep an eye on this but if Q1/2026 pushes 30% of our total $2M+ sold properties our recovery of real estate values is on the way. Lastly, 22 condos were sold in all of Q4/2025 up from 15 in Q3/2025. 55% of condo sales were above $0.6 M which is a significant increase from Q3/2025 of only 20%.

Last month Comparisons: In the month of December we saw 16 properties go pending. 25% of those had a list price of more than $2M. 44% of December pending were single family homes and 44% were condos. There were 29 properties sold in December 2025. 28% of the properties were above $2M and 66% of the properties were single family homes. Condos have seen an uptick in non-distressed properties selling on AMI.

Single Family for sale Data: The distribution of single-family properties for sale is 19%, $1M or less, 35% is $1M – $2M, 16% is $2M – $3M, 29% from $3M to $5M and above $5M is 14% of the AMI inventory for sale.
Condo for Sale Stats: The distribution of condos for sale are 19% under $0.5M, 57% from $0.5M to $1M, and 24% above $1M for sale.

Summary: Most of the data continues to point us to a buyer’s market for Anna Maria Island real estate. A small sign in the right direction is inventory for sale has remained flat, while Q4/2025 has seen a decrease in lower priced inventory in both single-family properties as well as condos. The difference in reduced low priced inventory is seen with an increase in the highest price range for both categories.

One last note for potential buyers. Q4/2024 at 51 properties sold is the worst demand quarter since the financial crisis in 2008 when we dipped to 32 properties sold. There is normally a LAG time between sellers understanding the market has shifted and prices dropping. The inventory shift mentioned above could be an indicator we are in the middle of a low market price reality for sellers. In addition, the vacation rental market demand for Q1/2026 is healthy and close to “normal” demand levels. While I don’t have a crystal ball, my guess is Q2/2026 is when we can expect a turn in the market DATA. If you have been on the sidelines waiting for the moment to buy, I would strongly suggest making some offers to see if you can pick up your dream AMI property in Q1/2025.

HAPPY NEW YEAR! Larry Chatt and the Galletto Team

The post Anna Maria Island 2025 4th Quarter Newsletter appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Q3/2024 vs Q3/2025 comparisons: Demand is up compared to last year, (77) Q3/2024 versus (81) Q3/2025 AMI property sold. Most notably, demand is up 59% from our low of 51 Q4/2024 versus Q3/2025 of 81.

Q3/2025 sold data: The average sale pace for Q3/2025 was 27 per month. 25% of the sold properties Q3/2025 were above $2M as compared to Q2/2025, which was 15%. I am excited that the volume of property sold above $2M has increased to 25%. This is the beginning of an indicator of a healthy market after our windy storms of 2024. It’s important to keep an eye on this, but if Q4/2025 pushes 30% of our total $2M+ sold properties, our recovery of real estate values is on the way. Lastly, 15 condos were sold in all of Q3/2025 down from 21 in Q2/2025. Only 20% of sales in Q3/2025 were above $0.6M.

Last month Comparisons: In the month of September, we saw 20 properties go pending. 20% of those had a list price of more than $2M. 60% of September pending were single-family homes, and 30% were condos. There were 21 properties sold in September 2025. 19% of the properties were above $2M, and 62% of the properties were single-family homes. This continues my thoughts that we are in a mixed market with a slight decrease in distressed property buyer’s market, which will likely continue until December 2025.

Single Family for sale Data: The distribution of single-family properties for sale is 12%, $1M or less, 29% is $1M – $2M, 23% is $2M – $3M, 23% from $3M to $5M and above $5M is 13% of the AMI inventory for sale. Condo for Sale Stats: The distribution of condos for sale are 27% under $0.5M, 60% from $0.5M to $1M, and 13% above $1M for sale.

Summary: Most of the data continues to point us to a buyer’s market for Anna Maria Island real estate. Inventory holding steady for 9 months, as well as 25% of properties Q3/2025 sold above $2M. This is a glimpse that sellers are becoming more understanding of market conditions, and sellers motivated to sell are reducing their prices. If you are considering purchasing something on Anna Maria Island, I would suggest to start watching the market. With continued reductions in interest rates expected as well as no windy storms this season, I anticipate the market could turn hot for single-family properties under $2.5M and Condos under $1.1M.

It’s hard to believe that 1 year ago, the island was ravaged by two hurricanes. Recently, I reflected on life after hurricanes and told my youngest son, “I hope in 50 years you are celebrated for your first-hand recollection of what it was like to live on Anna Maria Island during Helen and Milton.” He asked why? “This would mean Islanders are not posed for 50 years with the question, is the risk versus the reward?” Thanks – Larry Chatt

The post Anna Maria Island 2025 3rd Quarter Newsletter appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Inventory for sale since our windy season has almost tripled. The vast majority of the increase came at the start of 2025. Since the end of Q1/2025, Q2/2025 is only up 2.5%. In Q3/2024 our absorption rate was at a low of 4 months of inventory. Q1/2025 spiked to 12 months of inventory on hand and Q2/2025 has flat inventory absorption, maintaining a supply based on demand of 12 months of real property for sale on Anna Maria Island. Driving Anna Maria Island, I estimate that there are still 10% of ground-level properties that remain untouched from Helene.

Q2/2024 vs Q2/2025 comparisons: Demand is down compared to last year, (114) Q1/2024 versus (87) Q2/2025 AMI property sold. Properties for sale have increased 7% year over year. (319) Q2/2024 versus (344) for Q2/2025.

Q2/2025 sold data: The average sale pace for Q2/2025 was 29 per month. 15% of the sold properties Q2/2025 were above $2M as compared to Q1/2025 which was 21%. Q2/2024 saw 33% of properties sold above $2M. I anticipate that until we get closer to 20-25% over $2M sold, the market will continue to be a buyer’s market. Lastly, 21 condos were sold in all of Q2/2025 up from 11 in Q1/2025. This is a sign that flood-resistant AMI properties are beginning to bounce back.

Last month Comparisons: In the month of June, we saw 23 properties go pending. 22% of those had a list price of more than $2M. 53% of June pending were single-family homes and 22% were condos. There were 28 properties sold in June 2025. 11% of the properties were above $2M and 50% of the properties were single-family homes. This continues my thoughts that we are mostly in a distressed buyer’s market which will likely continue until DEC 2025.

Single Family for sale Data: The distribution of single-family properties for sale is 10%, $1M or less, 35% is $1M – $2M, 21% is $2M – $3M, 24% from $3M to $5M and above $5M is 10% of the AMI inventory for sale.

Condo for Sale Stats: The distribution of condos for sale are 32% under $0.5M, 52% from $0.5M to $1M, and 16% above $1M for sale.

Summary: All the data is pointing to a buyer’s market for Anna Maria Island real estate. Don’t believe me, 41% of the AMI real estate for sale is $2M and over. These are non-distressed wind and flood-damaged properties. Q2/2025 saw 15% of the sold properties were above $2M. Just to reiterate, I anticipate that until we get closer to 20-25% over $2M sold, the market will continue to be a buyer’s market. If you are in the market to buy, give us a call or email so we can begin to send you real-time properties as they go up for sale. If you are in the market to sell, we can help with that too however we will suggest you try to hold out until later in 2025 or early 2026. Hope everyone had a fantastic and blessed Independence day!

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The post Anna Maria Island 2025 2nd Quarter Newsletter appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Q1/2024 vs Q1/2025 comparisons: Demand is similar, (79) Q1/2024 versus (82) Q1/2025 AMI property sold. However, properties for sale have increased 21% year over year. (277) Q1/2024 versus (335) for Q1/2025.
Q1/2025 sold data: The average sale pace for Q1 2025 was 27 per month. 21% of the sold properties in Q1 2025 were above $2M. 11 condos were sold in all of Q1 2025 which represents 13% of the total.
Last month Comparisons: In the month of March we saw 19 properties go pending. 26% of those had a list price of more than $2M. 68% of March pending were single family homes and 21% were condos. There were 35 properties sold in March 2025. 26% of the properties were above $2M and 74% of the properties were single family homes.
Single Family for sale Data: The distribution of single-family properties for sale is 11%, $1M or less, 30% is $1M – $2M, 22% is $2M – $3M, 20% from $3M to $5M and above $5M is 17% of the AMI inventory for sale. A big change since the hurricane is the amount of $1M and less single families for sale. Typically this is 1-2%, however due to hurricane damage we have a high distribution of properties for sale at land value prices.
Condo for Sale Stats: The distribution of condos for sale are 33% under $0.5M, 53% from $0.5M to $1M, and 14% above $1M for sale.

Summary: It’s a buyer market on Anna Maria Island. If you have been considering real estate on Anna Maria Island, depending on your demand specifics now may be the time. If you are looking to pick up a property requiring post hurricane renovations at or below land value then NOW is the time to watch the market. Most owners that are prepared to walk away from their Anna Maria Island property have already decided to hit the market with mold ridden drywall removed and have left the home as a blank slate for the next owner. If you are not looking for that much work, we suggest starting to watch the market for the next 3-6 months for pre hurricane 2025 buys. Inventory is likely to increase and I forecast in 9 months demand will increase making it more difficult to pick up a below market AMI property.
Best Buys – 216 Archer Way, 3 BR which is ground level, gutted at $910,000. The second opportunity is 210 Willow for $1,350,000. However, there are a lot of great ground level deals at the cost of land.
If you are considering buying or selling, give Larry a call, (941) 224-4072 or email him at Larry@IslandReal.com. We would love the opportunity to see if we can help.

The post Anna Maria Island 2025 1st Quarter Newsletter appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

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.

                       Since last month, 50 properties went pended on AMI, SF -32, Condo -17, multi-family -1, and the lots -0.  The single families were listed between $599,000 and $5,500,000; the condos between $549,500 and $1,499,000; one multi-family at 2,500,000 and no lots.  Of the 145 single-family properties currently for sale, there are only 5 single-family properties under $1 million and only 29 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 MAY 2023 were 21% lower than in MAY 2022.  The inventory is still in the lowest range it’s been in 20 years, at again only 205 (SF-145, Con-44, Dup-11, Lot-5) 47% higher than last month at 139 and still in the general range of the last 17 months at 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 50 (SF-32, Con-17, Dup-1 & Lot-0) but lower than fourteen of the previous nineteen months at 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-four months. The distribution of the 145 single-family properties currently for sale on AMI continues to skew to the high end with 2% (5) <$1 million, or 13% (26) between $1 million and $2 million and 19% or (39) between 2-3 Million and 66% or (135) over $3 million.  As I mentioned above the lowest price single-family home is 445 62nd St. HB listed at $479,900 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 44 condos the lowest-priced unit, this month is a 1br/1 bath Bay View Terrace Condo at 117 7^th St N. Unit 5 BB is listed at $,000 and the highest is a 4br/2 bath 1,366 sq. ft. Anna Maria Beach Cottages Condo at, 112 Oak Ave #112, AM listed at $1,690,000.  Again, 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 $3,601,181 and the median list price is $2,947,500, and for condos, the average list price is $829,740 and the median list price is $749,000.

Custom home on Anna Maria Island 2 homes away from the Gulf of Mexico.

                    This month Frank & Al’s best buy at 106 Beach Ave. AM  3452 sq. ft. 5BR/3.5 Bath home one 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!

                       Looking at the 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 bumped up last month to 194 (SF- 65, Con- 115, Dup- 0 & Lot- 14)  and is still in the low end of the range it’s been in the last thirty-one months 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 65 single-family homes, the average price is $3,630,383 and the median list price is $2,500,000.  For the 115 condos for sale, the average and median list prices respectively are $1,944,525 & $980,000.

  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

Review the entire Newsletter and charts HERE

Call Big Al directly at 941-232-2216    or email:  ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate   #HouseHunting    #BuyAHomeOnAnIsland 

#LuxuryRealEstate    #AnnaMariaIsland

The post Anna Maria Island real estate updates June 2023 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

3300 sq ft under air, 3 car garage, cabana, pool, and over 1/2 acre NW Bradenton, Priced under $1 million   Update the kitchen and baths to make it your home.

     Real estate sales on Anna Maria Island has slowed over the last month or so.  Sales for the month of September 2022 at 14 were 34% lower than August 2022 at 21.   Sales for September 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 14 (SF-6, Con-6, Dup-1 & Lot-1) compared to August 2022 at 21 (SF-11, Con-9, Dup-0 & Lot-1).  The inventory continues to stay in the low range it’s been at in the last couple of years and continues to be well below the average of 300 for 39 of the last 48 months.  Inventory is currently at only 111 (SF-80, Con-25, Dup-5, Lot-1) Inventory for the previous 48 months were 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 slow down slightly, and the inventory is slowly starting to increase but it’s still very low.

        Since last month there are currently 22 properties that went pended on AMI, SF -14, Condo -6, multi-family -2, and the lots -0.  The single families were listed between $929,000 and $5,995,000; the condos between $634,900 and $3,098,000; two multi-families at $1,349,000 and $1,495,000and no lots.  Of the 80 single-family properties currently for sale, there are only 3 single-family properties under $1 million and only 21 between $1 Million and $2 Million the remaining range between $2,000,000 and $12,000,000.  

       To summarize the Anna Maria Island Real Estate Market sales for September 2022 were 21% lower than September 2021.  The inventory is still in the lowest range I’ve seen it in 30 years, at again only 111 (SF-80, Con-25, Dup-5, Lot-1) 22% lower than last month at 143 but still lower than 7 of the last 15 months at 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 22 (SF-19, Con-7, Dup-1 & Lot-1) but lower than the previous sixteen months at 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 thirty-nine months. The distribution of the 80 single-family properties currently for sale on AMI continues to skew to the high end with 3% (2) <$750K, 2% or (1) between $750K and $1 million, 26% or (21) between $1 million and $2 million and 33% or (26) between 2-3 Million and 36% or (29) over $3 million.  As I mentioned above the lowest price single family home is 451 62TH St. HB listed at $479,900 a 2BR/1bath, 832 sq. ft. property no pool.  The highest-priced single-family home currently is at 211 Haverkos CT. HB listed at $12,000,000 a newly built in 2018 5BR 5 full and 2 half baths bay front house.  The distribution of the 25 Condos currently for sale on AMI is 8% or (2) <$500K, 44% or (11) $500K-$750K, 24% or (6) $750K – $1 million and 24% or (6) >$1 million.  You can see that 95% of the single-family prices are over $1 million while 76% of the condos were below $1 million and only 24% over $1 million.  Of the current inventory of 25 condos the lowest-priced unit, this month is a 1br/1 bath Coquina Reef Condo at 204 Church St. #14 BB listed at $459,000 and the highest is again a 7br/6.5 bath 3,108 sq. ft. condo at, 2514 Avenue C unit  #B, BB listed at $2,900,000.  Again, 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 $3,218,555 and the median list price is $2,950,000 and for condos, the average list price is $876,692 and the median list price is $702,000.

This month Frank & Al’s best buy is a sleeper.  3604 Gulf Dr. is a 2BR/1bath both sides duplex with a pool 100 yards to the beach listed at $1,469,000.  As a duplex it does $60K-$65K rental total both sides.  If you convert it to a 4BR/2 bath single family that close to the beach,  it would do about $100K in rental income.  If you want to see any properties just call Lynn or I.  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!

Looking at average sale price of single-family homes and Condos in Manatee County through August 2022 was up again 33.5% above August 2021 at $404,094 and the Median sale price was up 28.2% at $352,495.  The current inventory has bumped up 120.6% at 481 from 218 in August 2021.  The Pending sales are at 215 vs 260 in August 2021. As far as you buyers… buying sooner is still 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 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 last month to 88 (SF- 38, Con- 39, Dup- 1 & Lot- 10)  and still in the low end of the range it’s been in the last twenty-nine months  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 38 single family homes, the average price is $3,965,811 and the median list price is $2,722,500.  For the 39 condos for sale, the average and median list prices respectively are $1,367,231 & $899,000.

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 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, FL. Real Estate News October 2022 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Custom home on Anna Maria Island among the Banyan Trees

 Real estate sales on Anna Maria Island continue at the pace it’s been at for the last few months, again due mostly to low inventory.  Sales for the month of July 2022 at 34 were 31% lower than June 2022 at 49.   Sales for July 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 34 (SF-18, Con-14, Dup-1 & Lot-1) compared to June 2022 at 49 (SF-25, Con-20, Dup-1 & Lot-3).  The inventory continues to be in the lowest range it’s been in 30 years and continues to be well below the average of 300 for 39 of the last 48 months.  Inventory is currently at only 143 (SF-102, Con-31, Dup-8, Lot-2) Inventory for the previous 48 months were 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 have slowed down slightly and the inventory is slowly starting to increase but it’s still very low.

Looking at the average sale price of single-family homes in Manatee County through May 2022 was up again 26.1% above June 2021 at $715,505 and the Median sale price was up 37.5% at $550,000.  The current inventory has bumped up 78.8% at 826 from 462 in June 2021.  The Pending sales are at 592 vs 710 last year. As far as you buyers…buying sooner is still 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 on 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 there are currently 28 properties that went pended SF-19, Condo-7, multi-family- 1, and the lots- 1.  The single families were listed between $995,500 and $5,900,000; the condos between $525,000 and $1,250,000; One Multi-family at $1,350,000 and one lot at $1,650,000.  Of the 94 single-family properties currently for sale, there is only 3 single-family properties under $1 million ($999,500) and only 23 between $1 Million and $2 Million the remaining range between $2,000,000 and $28,500,000.  

        To summarize the Anna Maria Island Real Estate Market sales for July 2022 were 21% lower than July 2021.  The inventory has begun to creep up but is still in the lowest range I’ve seen it in 30 years, at again only 143 (SF-102, Con-31, Dup-8, Lot-2) 64% is close to last month at 145 but still lower than 5 of the last 14 months at 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 28 (SF-19, Con-7, Dup-1 & Lot-1) lower than the previous fifteen months at 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 thirty-nine months. The distribution of the 102 single-family properties currently for sale on AMI continues to skew to the high end with .9% (1) <$750K, 2% or (2) between $750K and $1 million, 23% or (23) between $1 million and $2 million and 25% or (25) between 2-3 Million and 50% or (51) over $3 million.  As I mentioned above the lowest price single family home is 208 84TH St. HB listed at $929,000 a 2BR/2bath, 1,252 sq. ft.  The highest-priced single-family home currently is still at 102 48^th St. HB listed at $28,500,000 a  1940, remodeled 3,892 10BR.7.5 bath beach house directly on a gulf front lot.  The distribution of the 31 Condos currently for sale on AMI is 3% or (1) <$500K, 53% or (16) $500K-$750K, 27% or (8) $750K – $1 million and 17% or (5) >$1 million.  You can see that 97% of the single-family prices are over $1 million while 83% of the condos were below $ 1 million and only 17% over $1 million.  Of the current inventory of 31 condos the lowest-priced unit, this month is a 1br/1 bath Tradewinds Condo at 1603 Gulf Dr. #31 BB listed at $489,000 and the highest is again a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1, HB listed with a price increase at $3,098,000.  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 $3,797,568 and the median list price is $2,987,500 and for condos, the average list price is $940,307 and the median list price is $712,800.   

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!

         Longboat Key current inventory popped up last month again to 92 (SF- 41, Con- 41, Dup- 1 & Lot- 9)  but still in the low end of the range it’s been in the last twenty-eight months  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 41 single-family homes, the average price is $3,723,354 and the median list price is $2,650,000.  For the 41 condos for sale, the average and median list prices respectively are $1,781,105 & $950,000.

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

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