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.

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.

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

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

Custom home in Banyan Tree Estates on Anna Maria Island is now listed for sale by Galletto Team.  Two houses to the white sand beaches.

Real estate sales on Anna Maria Island continue to slow down, again due mostly to low inventory.  Sales for the month of May 2022 at 49 were only 16% lower than May 2021 at 57.  The Inventory continues to slowly build but is still nowhere near the average inventory before Covid.  Sales for May 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 49 (SF-25, Con-20, Dup-1 & Lot-3) compared to May 2021 at 57 (SF-25, Con-25, Dup-4 & Lot-3).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 38 of the last 46 months.  Inventory is currently at only 145 (SF-106, Con-29, Dup-7 & Lot-3).  Inventory for the previous 46 months were 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, the inventory has slowly started to build up.

Looking at the average sale price of single-family homes in Manatee County through May 2022 was up again 26.1% above May 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 May 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 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 are currently 35 properties that went pended SF-20, Condo-15, multi-family- 0 and the lots- 0.  The single families were listed between $999,500 and $5,495,000; the condos between $259,000 and $1,985,000; The Multi families between $1,200,000 and $2,295,000.  There were 0 lots pended.  Of the 94 single-family properties currently for sale, there is only 1 single-family property under $1 million ($999,500) and only 17 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 May 2022 were 16% lower than in May 2021.  The inventory has begun to creep up but is still the lowest I’ve seen it in 30 years, at again only 145 (SF-106, Con-29, Dup-7, Lot-3) 64% up from last month but still lower than 4 of the last 13 months at 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 35 (SF-20, Con-15, Dup-0 & Lot-0) lower than the previous fourteen months at 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-eight months. The distribution of the 106 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, 3% or (4) between $750K and $1 million, 15% or (16) between $1 million and $2 million and 28% or (30) between 2-3 Million and 57% or (60) over $3 million.  The highest-priced single-family home currently is still $28,500,000 a 1940, remodeled 3,892 10BR.7.5 bath beach house directly on a gulf front lot.  The lowest-priced is a half-duplex, 2 BR/1 bath, 700 sq. ft. home in Holmes Beach. The distribution of the 27 Condos currently for sale on AMI is 8% or (2) <$500K, 37% or (10) $500K-$750K, 27% or (7) $750K – $1 million and 27% or (7) >$1 million.  You can see that 97% 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 106 single-family homes the lowest priced property at 3007 Ave E unit A, HB listed at $949,000 a 2br/1bath, 700 sq. ft. half-duplex and the highest is a $28,500,000 Gulf Front property at 102 48th St, HB.  Of the current inventory of 29 condos the lowest-priced unit, this month is a 1br/1.5 bath Condo at 3014 Ave C. #4 HB listed at $259,000 and the highest is again a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1, HB listed at $2,998,000.  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 $3,994,525 and the median list price is $2,995,000 and for condos, the average list price is $985,481 and the median list price is $750,000.   

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!

         Longboat Key current inventory popped up last month at 76 (SF- 36, Con- 33, Dup- 0 & Lot- 7)  but still in the low end of the range it’s been in the last twenty-seven months  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 36 single family homes, the average price is $3,778,883 and the median list price is $2,645,000.  For the 37 condos for sale, the average and median list prices respectively are $1,948,100 & $1,175,000.

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 updates June 2022 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Key Royale Canal Front HOME  2666 Sq Ft “Good bones”, New Roof, New Seawall & docks

Real estate sales on Anna Maria Island continue to slow down due mostly to low inventory.  Sales for the month of April 2022 at 40 were 60% lower than April 2021 at 70.  Even though sales are slowing, the Inventory continues to remain at the same level as it’s been for the last year or two.   It currently is 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).  As mentioned above, the inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 37 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 through April 2022 was up again 31% over a year ago to $703,385 above April 2021 at $536,981 and the current inventory is down 7.7% at 431 from 467 in April 2021.  As I noted above, the average sale price of a single-family home in Manatee County is $703,385 and the median sales price is 525,000 and the Pending sales are at 705 vs 826 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 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’s newsletter, there were 52 properties on AMI that went pended SF-15, Condo-36, multi-family- 0, and the lots- 1.  The single families were listed between $625,000 and $6,999,000; The condos between $429,000 and $4,125,000; The Multi-families between $1,200,000 and $1,499,100: and one lot at $649,000.  Of the 94 single-family properties currently for sale, there are only two single-family properties under $1 million ($949,000 and $960,000) and 22 over $4 Million ranging between $4,200,000 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 have any questions or 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 thru April 2022 were 60% lower than thru 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) 20% 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 58 (SF-31, Con-24, Dup-2 & Lot-1) at the low end from the previous fourteen months at 50, 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 63 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, 3% or (2) between $750K and $1 million, 9.5% or (6) between $1 million and $2 million and 28.5% or (18) between 2-3 Million and 59% or (37) over $3 million.  The highest-priced single-family home currently is $28,500,000, 102 48^th St. HB  a 1940, remodeled 3,892 10BR.7.5bath beach house directly on a gulf front lot.  The lowest-priced is 3007 Ave E unit A, HB listed at $949,000 a 2br/1bath, 700 sq. ft. Villa. The distribution of the 25 Condos currently for sale on AMI is 4% or (1) <$500K, 56% or (14) $500K-$750K, 16% or (4) $750K – $1 million and 24% or (6) >$1 million.  You can see that 97% of the single-family prices are over $1 million while 76% of the condos were below $1million and only 25% over $1 million.  Of the current inventory of 25 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 is a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1 HB listed at $2,998,000 (reduced from last month).  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 $4,247,122 and the median list price is $3,425,000 and for condos, the average list price is $1,038,500 and the median list price is $749,900.   

         Longboat Key current inventory bumped up from where it was last month to 71 (SF- 30, Con- 36, Dup- 0 & Lot- 5)  still in the low end of the range it’s been in the last twenty-seven months  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 still significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 30 single family homes, the average price is $3,986,533 and the median list price is $2,995,000.  For the 36 condos for sale on LBK, the average and median list prices respectively are $2,322,581 & $1,324,000.

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 forecast May 2022 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 bedroom/ 1 bath on each side DUPLEX with shared pool WEST of Gulf Drive

             Real Estate Sales on Anna Maria Island for 2022 is a little slower compared to 2021 but that’s because we are running out of inventory.  Sales for the month of January 2022 at 45 is down 25% over January 2021 at 56.  The Inventory has continued to drop and is currently at 61 (SF-40, Con-12, Dup-6 & Lots-3).  Sales for January 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 45 (SF-25, Con-14, Dup-4 & Lot-2) compared to January 2021 at 56 (SF-28, Con-20, Dup-7 & Lot-1).  The inventory continues to be at historic lows and continues to be well below 100 for 10 of the last 10 months.  Inventory is currently at only 61 (SF-40, Con-12, Dup-6 & Lot-3) and pending properties are currently at 80 (SF-42, Con-32, Dup-4 & Lots-2).  We’re at the point where we are seeing the sales starting to slow down but the inventory has not started to build yet because of continued high demand.  The average sale price of single-family homes on Anna Maria Island for January 2022 was up again 28% above January 2021 to $2,192,988 from $1,713,896 and the current inventory on the island is down 40% at 61 from 88 in January 2021.  Looking at Manatee County the average sale price of single-family homes in Manatee County is $496,984 up 23.6% over 2021 and the median sales price is $357,900 up 28.5% over a year ago and the Pending sales are at 505 vs 578 last year down 12.6%. Again.…. I CAN NOT say this strongly enough; as I said previously for those of you thinking of selling within the next year now would be the time to put your property on the market before the market slows down.  As I mentioned in my previous newsletter, I took my own advice and put one of my properties, a duplex, up for sale for $1,199,900 and it sold for cash at the list price.  As far as you buyers…buying sooner is better than later unless you aren’t going to buy for two years or more.  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 personalized search for you to find a property to buy today.

        Since the last Newsletter, and since the inventory has been so low, the sales activity has also been low.  Of the 40 single-family properties currently for sale on the island, the lowest priced single-family is $1,225,000 and only 5 are below $2,275,000.  Of the 12 condos currently for sale on the island, the lowest priced is $525,000 and the highest priced is $3,195,000.  We have left out Frank & Al’s best buys again this month since there is so little inventory but the best buy would be the highest-priced property you can afford.  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 see 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 January 2022 were down 54% from January 2021.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 61 (SF-40, Con-12, Dup-6, Lot-3) and the lowest in the last 10 months.  Pended properties (properties under contract) continue to remain about the same at 61 (SF-40, Con-12, Dup-6 & Lot-3) as the previous five months.  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 40 months. The distribution of the 40 single-family properties currently for sale on AMI continues to skew even higher to the high end with 0% (0) <$750K, 0% or (0) between $750K and $1 million, 12.5% or (5) between $1 million and $2 million and 17.5% or (7) between 2-3 Million and 70% or (28) over $3 million.  The highest-priced single-family home currently is $12,875,000 a 1950’s 4 bedroom/3.5 bath direct gulf-front house on an 11,600 Sq. Ft. lot.  The lowest-priced is a  2 BR/1.5 bath, 988 sq. ft. home, listed at $945,000  The distribution of the 12 Condos currently for sale on AMI is 8% or (1) <$750K, 58% or (7) $750K – $1 million and 34% or (4) >$1 million.  You can see that 87.5% of the single-family home prices are over $2 million while 66% of the condos were below $1 million.  Of the current inventory of 12 condos the lowest-priced unit, this month is a 2br/2bath Shell Point condo at 6300 Flotilla #100 HB  listed at $525,000 and the highest a 4br/4 bath condo at L’Plage a direct gulf front 6430 Gulf Dr. #1, HB listed at $3,195,000. 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 $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 is down again to 40 (SF- 19, Con- 19, Dup- 0 & Lot- 2) the lowest it’s been in the last twenty-six months and significantly lower than the previous thirteen months. Of the current inventory of 19 single-family homes, the average price is $3,584,053 and the median list price is $3,195,000.  For the 19 condos for sale, the average and median list prices respectively are $2,197,000 & $1,390,000.

Hope you are all staying safe & enjoying the change of seasons.

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 updates February 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.

2 and 1/2 blocks to the white sugar sand beaches of Anna Maria Island.  Duplex or teardown for single family home.

Real estate sales on Anna Maria Island continue again to outpace 2020 and we do not know how much higher it can go because we are running out of inventory.  Sales for the month of May 2021 were 93% over May 2020.  The Inventory has not significantly changed and is currently at 82.  Sales for May 2021 for Anna Maria City, Holmes Beach and Bradenton Beach were 58 (SF-25, Con-25, Dup-4 & Lot-4) compared to May 2020 at 30 (SF-12, Con-12, Dup-4 & Lot-2).  The inventory continues to be the lowest it’s been in 30 years and continues to be below 300 for 34 of the last 42 months and 21 of the last 24 months.  Inventory has popped up a little and is currently at only 82 (SF-51, Con-14, Dup-14 & Lot-3).  Inventory for the previous 42  months were 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’ve talked to Realtors who are going on vacation because there is nothing to sell.  Looking at Manatee County the average sale price of single family homes in Manatee County for May 2021 were up again 28% above May 2020 and the current inventory is down 79.7% from 2020 at this time.  The average sale price of a single-family home in Manatee County is $303,121 and the median sales price is 235,000 and Pending sales are up 146.3% over 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 it still is a sellers’ market.  As a matter of fact, I took my own advice and put one of my properties, a duplex, up for sale last week.  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 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 continues to be a lot of activity.  6700 Gulf #7 HB closed for $1,675,000; 3303 Gulf #2 HB closed for $495,000 and 210 75^th St. HB closed for $2,600,000.  The following property went under contract since last month’s newsletter: 3407 29^th St Bradenton listed at $265,000.  Of the 44 single family properties currently for sale, there still are only 3 single family properties under $1 million and only 17 between 1 Million and 2 million.   We have left out Frank & Al’s best buys 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, let us know what that is- today!    

To summarize the Anna Maria Island Real Estate Market sales for May 2021 were 93% higher than May 2020.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 82 (SF-46, Con-11, Dup-9, Lot-6) slightly up from last month but still lower than 6 of the last 9 months at 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain strong at 70 (SF-44, Con-16, Dup-6 & Lot-4) dropping slightly from the previous eleven months at 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-four months. The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with none <$750K, 7% or (3) between $750K and $1 million, 39% or (17) between $1 million and $2 million and 27% or (12) between 2-3 Million and 27% or (12) over $3 million.  The highest priced single family home currently is a 3,593 sq. ft. 3BR/3.5 bath home built in 2016 on 1/3rd of an acre on Bimini Bay listed at $6,500,000.  The lowest priced is a Land condo 2BR/2 bath 880 sq. ft.  at 310 62^nd St listed at $824,900.  The distribution of the 14 Condos currently for sale on AMI is 7% or (1) <$500K, 27% or (4) $500K-$750K, 33% or (5) $750K – $1 million and 33% or (5) >$1 million.  You can see that 100% of the single-family prices are over $750K and 97% are over $1 million while 34% of the condos were below $750K and only 33% over $1 million.  As I mentioned above of the current inventory of 51  single family homes the lowest priced property is $824,900 a 2br/1bath land condo at 310 62^nd St HB  and the highest is a $6,500,000 Bimini Bay Front property at 8017 Marina Isles Ln. HB.  Of the current inventory of 15 condos the lowest priced unit again this month is a 1br/1bath Imperial House condo at 611 N. Gulf Dr. #A23 listed at $269,000 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 $2,517,879 and the median list price is $2,225,000 and for condos, the average list price is $863,800 and the median list price is $824,999.   

Longboat Key current inventory has dropped down again to 48 (SF- 18, Con- 27, Dup- 1 & Lot- 2) the lowest it’s been in the last twenty-three months  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 $3,752,161 and the median list price is $3,747,500.  For the 27 condos for sale, the average and median list prices respectively are $1,878,193 & $979,000.

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

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