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 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.

2 bedroom/ 1 bath on each side with shared pool

  Anna Maria Island Real Estate Sales continue to keep pace with 2021 but also continue to slow down because of low inventory.  Sales for the month of February 2022 were 30% over February 2021 at 35.  The Inventory has not significantly changed from last month and is currently at 79.  Sales for Feb 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 44 (SF-23, Con-16, Dup-3 & Lot-2) compared to Feb 2021 at 35 (SF-22, Con-12, Dup-0 & Lot-1).  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 44 months and 23 of the last 26 months.  Inventory is currently at only 79 (SF-53, Con-20, Dup-3 & Lot-3).  Inventory for the previous 44 months were 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.  I continue to 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 gradually.  Looking at Manatee County the average sale price of single-family homes in Manatee County for January 2022 was up again 3.5% to $378,000 above January 2021 at $365,000 and the current inventory is down 70.4% at 155 from 524 in January 2021.  As I noted above, the average sale price of a single-family home in Manatee County is $378,000 and the median sales price is 302,965 and the Pending sales are at 328 vs 373 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 in last month’s newsletter, I took my own advice and put one of my properties, a duplex, up for sale, it closed in January for $1,200,000.  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 38 properties that went pended SF-23, Condo-13, multi-family- 2, and the lots- 0.  The single families were listed between $1,200,000 and $7,875,000; The condos between $400,000 and $1,695,000; The Multi-families between $1,899,000 and $5,390,000.  Of the 53 single-family properties currently for sale, there is only 1 single-family property under $1 million ($995,000) and only 4 between $1 Million and $2 Million the remaining range is between $2,250,000 and $12,875,000.   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 February 2022 were 30% higher than in February 2021.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 79 (SF-53, Con-20, Dup-3, Lot-3) slightly down from last month but still lower than 8 of the last 11 months at 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 55 (SF-33, Con-16, Dup-3 & Lot-3) dropping slightly from the previous twelve months at 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-six months. The distribution of the 53 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, .8% or (4) between $1 million and $2 million and 20% or (10) between 2-3 Million and 70% or (38) over $3 million.  The highest-priced single-family home currently is $12,875,000 a remodeled 1,880 sq. ft. 1950’s 4BR,3.5 bath  house on a .27 acre gulf front lot.  The lowest-priced is a half-duplex, 2 BR/2 bath, 866 sq. ft. in the 400 block of Holmes Beach. The distribution of the 20 Condos currently for sale on AMI is .5% or (1) <$500K, 30% or (6) $500K-$750K, 20.5% or (5) $750K – $1 million and 40% or (8) >$1 million.  You can see that 91% of the single-family prices are over $1 million while 51% of the condos were below $1million and only 49% over $1 million.  As I mentioned above of the current inventory of 53 single-family homes the lowest priced property at 414 80^th St, HB listed at $995,000 a 2br/2bath, 866 sq. ft. half-duplex and the highest is a $12,875,000 a Gulf Front property 102 77^th St, HB.  Of the current inventory of 20 condos the lowest-priced unit, this month is a 2br/2bath Condo at 600 Manatee Ave #240 HB listed at $500,000 and the highest a 3br/3 bath condo at Vista Grande 5622 Gulf Dr. #2 listed at $4,125,000.  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 $4,736,681 and the median list price is $4,375,000 and for condos, the average list price is $1,300,695 and the median list price is $934,950.   

         Longboat Key current inventory has dropped down again to 41 (SF- 19, Con- 19, Dup- 1 & Lot- 2)  the lowest it’s been in the last twenty-five months  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 19 single family homes, the average price is $3,635,474 and the median list price is $3,195,000.  For the 19 condos for sale, the average and median list prices respectively are $2,136,700 & $1,450,000.

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 March 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

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

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

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

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

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

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

Please, continue to stay safe!

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

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

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

Duplex HANDY MAN or teardown

The Coronavirus so far hasn’t brought the market to a standstill for Anna Maria Island real estate sales but has slowed it down a little.  Sales for February 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 37 (SF-18, Con-14, Dup-3 & Lot-2) up 28% above February 2019 at 29 (SF-20, Con-7, Dup-1 & Lot-1) continuing the year up significantly.  Sales for the last 12 months were 401 (SF-250, Con-118, Dup-25 & Lot-8) up 5% above the previous 12 months at 383 (SF-223, Con-131, Dup-20 & lot-9).   The inventory continues to remain low at 308 after being below 300 for nineteen of the last twenty-six months.  Inventory is currently at 308 (SF-180, Con-94, Dup -13 & Lot-21).  Inventory for the previous twenty-six months were 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and continues to be historically low and well below average  for this market.  Again, average sales for the last 16 years which includes 2004 and 2005 (the peak sales years) were 342.

Frank & Al’s Great Buy’s list this month is pretty much the same as last month with the exception that several properties have reduced their price.  Since last month’s newsletter the same two properties are under contract, a canal home in Key Royale and a warehouse in Bradenton. 622 Hampshire Ln. and  5821 21^st St E. .  We are negotiating an offer on the ULTIMATE new modern Tampa Bay Front home see 661 Key Royale.  It has it all, OH MY Goodness 4+ bedrooms and 5 Baths with 7000 sq. feet of FLORIDA under “roof” living area.  Still available is the 180 degree Bimini Bayfront view, ideal boater’s home then check out 543 67th St. HB . The city says this lot is big enough to split in half and build two homes or ready to be taken the current home to the next level, the existing 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal; there is a ground level mother-in-law (MIL) suite.  If you’re looking for a great rental then look at 129 52^nd St. HB.  West of Gulf Drive and a block from the beach and close to shopping with 4bedrooms/4 baths.  Call us to see the FANTASTIC rental income on this property which did $94,800 in gross annual rental income in 2019.  And to be almost on the Gulf you MUST see the recently reduced 103_47TH_ST. HB  and remodeled beach cottage with new pool and spa, 3 bedrooms/3.5 baths, one house from the beach and peaks of the Gulf in a very quiet part of the island.  Call me for more information on these or other real estate opportunities.  We can put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market to start 2020, sales have continued strong but we expect the coronavirus shutdown to slow them down a little within the next couple months.  The inventory is still at a healthy level….not too high but not too low to allow you a wide choice of properties.  Pended properties (properties under contract) continued strong at 53 (SF-28, Con-14, Dup-9 & Lot-2) below last month at 68 but still a very healthy number which continues to allow us to expect strong sales to continue in 2020.  Distressed properties continue to be non-existent as they have been for the last year or more with no distressed property currently for sale on the island and only one in the last eighteen months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much in the last year with only 3% or (6) <$500K, 12% or (22) 500K-750K, 18% or (32) between $750K and $1 million, 44% or (74) between $1 million and $2 million and 23% or (40) over $2 million.  The distribution for Condos currently for sale is 56% or (53) <$500K, 31% or (29) $500K-$750K, 4% or (4) $750K – $1 million and 9% or (8) >$1 million.  You can see that again 8% of the single-family prices are over $750K and 67% are over $1 million while 56% of the condos were below $500K.  This distribution of single-family prices and condo prices continues to remain significantly unchanged over the past year or so.  Of the current inventory of 182 single family homes again the lowest priced property this month is still $249,000 (seaside gardens 1br/1bath again) and the highest remains at $7,995,000 a one acre gulf front complex built in the 1940’s but totally remodeled.  Of the current inventory of 94 condos the lowest priced is this month a 2br/1bath Bay View Terrace condo at $214,500 and the highest $2,199,000 (price recently reduced) still 3br/3bath gulf front Vista Grande.  The highs and lows for single family and condos continue to remain unchanged.  Of the single-family properties currently for sale on AMI, the average list price is $1,686,345 and the median list price is $1,399,000 and for condos the average list price is $551,644 and median list price is $482,000.

Longboat Key current inventory has popped up a little again to 388 (SF- 135, Con- 224, Dup- 2 & Lot- 27) higher than the last eight months at 378, 364, 354, 309, 309, 274, 289,359 but lower than the previous six months at  386, 404, 442, 461, 455, 452. Of the current inventory of 135 single family homes the average list price is $2,221,624 and the median list price is $1,295,000.  The lowest priced single-family home on Longboat Key is still $299,000 (2br/2bath home in Spanish Main) and the highest is still $19,750,000 (A 6BR/6 & 2half baths, 19,300 sq. ft. home on 1.18 acre on the Gulf) same as last month.   For the 225 condos for sale the average and median list prices respectively are $810,336 & $579,000 with the lowest again at $6,000 (a 2BR/2bath Longboat Bay Club Timeshare) and the highest the same as last month at $15,900,000 (a 23BR/20 bath 23,595 sq. ft. condo resort).

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

THE GALLETTO TEAM of Island Real Estate, 6101 Marina Drive, Holmes Beach FL 34217.
For detailed charts see the entire newsletter on our website; http://www.AnnaMariaLuxuryRealEstate.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate
ALAN@AlanGalletto.com

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

Fantastic cottage close to beaches and shoping, trolley or restaurants. 

Well another year is gone and real estate sales on Anna Maria Island for 2019 ended the year-to-date number of sales is down 6% below 2018 but still very healthy.  Sales for December 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 34 (SF-24, Con-6, Dup-4 & Lot-0) up 89% above December 2018 at 18 (SF-12, Con-6, Dup-0 & Lot-0) ending the year up significantly for the last two months of the year.  Sales for 2019 were 375 (SF-237, Con-107, Dup-24 & Lot-7) down only 6% below 2018 at 397 (SF-234, Con-131, Dup-23 & lot-9).   The inventory continues to remain low but popped up to 312 after being below 300 for nineteen of the last twenty-four months.  Inventory is currently at 312 (SF-179, Con-96, Dup-19 & Lot-18).  Inventory for the previous twenty-four months were 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, and still historically low and still healthy for this market.  Average sales for the last 16 years which includes 2004 and 2005 (the peak sales years) were 342.  As I predicted in last month’s newsletter based on the trajectory of sale the last couple months we would end the year in the 375 range…….. Right on…..a healthy year.

There is something for everybody on Frank & Al’s Great Buy’s list this month.  Since last month’s newsletter two of the duplex properties went under contract, the duplex with a pool, steps to the beach at 200/202 66^th St.  and  5616 Guava with an additional platted lot.  If you want the ULTIMATE new modern Tampa Bay Front home see 661 Key Royale.  It has it all, OMGoodness 4+ bedrooms and 5 Baths with 7000 sq feet of FLORIDA under “roof” living area, .  Next, for a 180 degree Bimini Bayfront view, ideal boater’s home then check out 543 67th St. HB . The city says this lot is big enough to split in half and build two homes or ready to be taken to the next level, the existing 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal; there is a ground level mother-in-law (MIL) suite.  For a great rental you can’t pass up 129 52^nd St. HB.  West of Gulf Drive and a block from the beach and close to shopping with 4bedrooms/4 baths.  Call us to see the FANTASTIC rental income on this property.  If you want to be almost on the Gulf then look at 103_47TH_ST. HB  a remodeled beach cottage with new pool and spa, 3bedrooms/3.5baths, one house from the beach and peaks of the Gulf in a very quiet part of the island.  Call me for more information on these or other real estate opportunities.  We can put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for 2019, number of sales were a little lower than the previous 2 years but not significantly so. Pended properties (properties under contract) stayed very healthy at 56 (SF-31, Con-16, Dup-5 & Lot-4) well above last month at 40 and a very healthy number which continues to bode well for a strong start of 2020.  Distressed properties continue to be non-existent again with no distressed property currently for sale on the island and only one in the last sixeen months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much in the last year with only 3% or (5) <$500K, 15% or (27) 500K-750K, 17% or (30) between $750K and $1 million, 40% or (70) between $1 million and $2 million and 25% or (45) over $2 million.  The distribution for Condos currently for sale is 57% or (52) <$500K, 28% or (26) $500K-$750K, 5% or (5) $750K – $1 million and 10% or (9) >$1 million.  You can see that again 72% of the single-family prices are over $750K and 65% are over $1 million while 57% of the condos were below $500K.  This distribution of single-family prices and condo prices haven’t changed much and has continued to remain about the same for over the past year.  Of the current inventory of 179 single family homes again the lowest priced property is $429,900 (seaside gardens 1br/1bath again) and the highest is $6,850,000 a 4br/5.5 bath direct bay front.  Of the current inventory of 96 condos the lowest priced is a 1br/1bath Tradewinds at $210,000 and the highest $2,569,000 still Vista Grande.  The highs and lows for single family and condos haven’t changed for the last several months.  Of the single-family properties currently for sale on AMI, the average list price is $1,687,227 and the median list price is $1,454,500 and for condos the average list price is $572,617 and median list price is $445,000.

Longboat Key current inventory has popped up again to 364 (SF- 133, Con- 198, Dup- 3 & Lot- 30) higher than the last six months at 354, 309, 309, 274, 289,359 but lower than the previous seven months at  386, 404, 442, 461, 455, 452, 314. Of the current inventory of 133 single family homes the average list price is $2,070,131 and the median list price is $1,320,000.  The lowest priced single-family home on Longboat Key is $299,000 (2br/2bath home in Spanish Main) and the highest is $19,750,000 (A 6BR/6 & 2half baths, 19,300 sq. ft. home on 1.18 acre on the Gulf) same as last month.   For the 198 condos for sale the average and median list prices respectively are $841,269 & $595,000 with the lowest $160,000 (a 2BR/1bath La Playa 699 sq. ft. unit) and the highest $15,900,000 (a 23BR/20 bath 23,595 sq. ft. condo resort).

Have a great day and keep those calls and e-mails coming!  We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

THE GALLETTO TEAM of Island Real Estate, 6101 Marina Drive, Holmes Beach FL 34217.
For detailed charts see the entire newsletter on our website; http://www.AnnaMariaLuxuryRealEstate.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate
ALAN@AlanGalletto.com

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

LIVE IN ONE SIDE RENT THE OTHER ACROSS FROM BEACH 3/2 & 2/2 WOW

          We are eleven months into 2019 and Anna Maria Island real estate sales are starting to catch up with the year-to-date sales for the year.  Real Estate Sales for November 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 33 (SF-20, Con-10, Dup-3 & Lot-0) up 45% above November 2018 at 23 (SF-15, Con-8, Dup-0 & Lot-0) and equal to sales in September at 22.  Sales through November 30, 2019 Y-T-D were 341 (SF-213, Con-101, Dup-20 & Lot-7) down only 10% below November 30, 2018 Y-T-D at 379 (SF-222, Con-125, Dup-23 & lot-9) compared to the last two months year to date when we were down 15%.   The inventory continues to remain low and has been below 300 for nineteen of the last twenty-four months.  Inventory is currently at 296 (SF-165, Con-91, Dup-20 & Lot-20).  Inventory for the previous twenty-four months were 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  As I mentioned last month, the lower sales this year-to-date over last year-to-date isn’t because of low demand but primarily because the inventory continues to be low and buyers are not finding what they want to buy so they wait until it comes on the market.  Sales are still healthy for this market.  Average sales for the last 15 years which includes 2004 and 2005 (the peak sales years) were 340.  If you exclude the two peak years average sales for the last 13 years were 325.  Based on the current trajectory and with only one month to go we shout end the year in the 375 range…..a healthy year.

        There is something for everybody on Frank & Al’s Great Buy’s list this month.  If you’re looking for a duplex with a pool, steps to the beach, use one side and rent the other or rent both sides, then we have  200/202 66^th St.  or  5616 Guava with an additional platted lot. Then why not add another duplex (next door) 201 58^th St and the SFR (also next door) 5614 Guava and make a condo complex or resort out of it!?

If you’re looking for a 180 degree Bimini Bayfront views and an ideal boater’s home then 543 67th St. HB  still available.  Ready to be taken to the next level, this 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise, deep water minutes to Tampa Bay or the intercostal; there is a mother-in-law suite on ground level.  If you want a great rental you can’t pass up 129 52^nd St. HB.  West of Gulf Drive and a block from the beach and close to shopping with 4bedrooms/4 baths.  Call us to see the rental income on this property.  If you want to be almost on the Gulf then look at 103_47TH_ST. HB  a remodeled beach cottage with new pool and spa, 3bedrooms/3.5baths, one house from the beach and peaks of the Gulf in a very quiet part of the island.  Call me for more information on these or other real estate opportunities.  We can put you on your own automatic search for properties with your specific criteria.          

         To summarize the Anna Maria Island Real Estate Market for the first eleven months of 2019 sales continue to run slower than the previous 5 years but not far behind. Pended properties (properties under contract) stayed very healthy at 40 (SF-25, Con-13, Dup-1 & Lot-1) a little below last month at 47 but still a very healthy number which continues to bode well for a strong closing of the year.  Distressed properties continue to be non-existent again with no distressed property currently for sale on the island and only one in the last fifteen months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much in the last year with only 3% or (5) <$500K, 20% or (33) 500K-750K, 16% or (25) between $750K and $1 million, 35% or (56) between $1 million and $2 million and 26% or (42) over $2 million.  The distribution for Condos currently for sale is 58% or (52) <$500K, 28% or (25) $500K-$750K, 5% or (4) $750K – $1 million and 9% or (8) >$1 million.  You can see that again 77% of the single-family prices are over $750K and 61% are over $1 million while 58% of the condos were below $500K.  This distribution of single-family prices and condo prices haven’t changed much and has continued to remain about the same for over the past year.  Of the current inventory of 165 single family homes again the lowest priced property is $359,000 (seaside gardens again) and the highest is still $5,750,000 an old gulf front cottage on a one-acre lot (the cottage is about $50K of the value the rest is the lot).  Of the current inventory of 91 condos the lowest priced is again $225,000 (Lay-z-liv-n condo) and the highest $2,569,000 still Vista Grande.  The highs and lows for single family and condos haven’t changed for the last several months.  Of the single-family properties currently for sale on AMI, the average list price is $1,634,936 and the median list price is $1,399,000 and for condos the average list price is $571,201 and median list price is $445,000.

         Longboat Key current inventory has popped up to 354 (SF- 136, Con- 188, Dup- 2 & Lot- 28) higher than the last four months at 309, 309, 274, 289 but lower than the previous eight months at 359, 386, 404, 442, 461, 455, 452, 314. Of the current inventory of 136 single family homes the average list price is $2,041,467 and the median list price is $1,324,500.  The lowest priced single-family home on Longboat Key is $225,000 (2br/2bath home in Spanish Main) and the highest is $22,500,000 (A 6BR/6 & 2half baths, 19,300 sq. ft. home on 1.18 acre on the Gulf) same as last month.   For the 188 condos for sale the average and median list prices respectively are $785,026 & $595,000 with the lowest $160,000 (a 2BR/1bath La Playa 699 sq. ft. unit) and the highest $3,875,000 (a 3BR/3.5 bath 3,344 sq. ft. gulf front unit at Positano).

Have a great day and keep those calls and e-mails coming!  We love hearing from you and look forward to seeing you on the island……Alan, Frank & Lynn

See http://www.AnnaMariaLuxuryRealEstate.com NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.

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941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Newsletter December 2019 * Anna Maria Island, FL; Real Estate appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Discover a little peace of paradise , just down the road to the beaches of Anna Maria Island on the Gulf of Mexico

         The inventory is not only low on Anna Maria Island but is also below the historic averages for Florida in general.  According to data from the census bureau and the National Association of Realtors, inventory remains well below historic averages and is 50% less than the peak in 2006.  On Anna Maria Island the inventory has remained well below 300 properties for most of this year while sales for November 30, 2017 Y-T-D are up 12% over sales for November 30, 2016 Y-T-D.   As of November 30, 2017 Y.T.D. Anna Maria Island property sales were; 373 (SF – 209, Con – 125, Dup – 23, & Lots -16) compared to November 30, 2016 Y-T-D at 333 (SF-197, Con-97, Dup-23 & Lot-16). The number of sales in November 2017 at 33 (SF-16, Con-14, Dup-3, Lot-0) is up 10% over November of 2016 at 30 (SF-18, Con-8, Dup-3, Lot-1).

The last 12 months of Florida Real Estate sales for Anna Maria City, Holmes Beach and Bradenton Beach (December 1, 2016 to November 30, 2017) were 401 (SF-224, Con-137, Dup-24, Lot-16) up 10% from the previous 12 months (December 1, 2015 to November 30, 2016) at 366 (SF-213, Con-111, Dup-26 & Lot-16).  Of the last 12 months sales only 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) equal to  the previous 12 months (December 1, 2015 to November 30, 2016) at 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0).  Inventory has ticked up a bit but continues to remain at historically low levels and is currently at 249 (SF-144, Con-78, Dup -15 & Lot-12).  Of those 249 listed properties the city of Anna Maria has 58-SF, 1-condo, 2-duplex & 4-lots.  Holmes Beach has 72-SF, 43- condos, 7-duplexes & 6-lots.  Bradenton Beach has 14-SF, 34-condos, 6-duplexes & 2-lot.  Inventory for the previous twelve months were 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298, 314.  Demand remains strong as you can see by the strong year-to-date sales numbers.

Well one of the properties that was under contract on Frank, Scott & Al’s Great Buy’s last month, a direct gulf front, listed at $2,599,000 closed on 12/13/17 for $2,150,000.  This month’s great buys remain the same as last month.  The property at 100 4^thSt. S. Bradenton Beach listed at $1,048,800 is a 5 unit Inn that has consistently produced $155,000 of gross annual rental income netting $70,000.  The other is an up & down duplex both 2 bedroom/2 bath for each level at 6407 Gulf Dr. Holmes Beach just across the street from the beach which does about $80,000 in gross annual rental.  Again if you’re looking for one of the newer gulf front condos which also rents very well you should consider 6420 Gulf Drive L’Plage #3 in Holmes Beach listed at $1,499,000.  It is a 2,484 square foot, 3 bedroom + den, 3 bath condo, two garage parking spaces and elevator with partial gulf views.  Call me for more information on these or other real estate opportunities.

To summarize the Anna Maria Island market for the first Eleven months of 2017 sales continue to remain very strong and the inventory continues to remain very low.  We continue to run ahead of last year-to-date and with only one month left in this year we will definitely close the year over the 400 mark in sales for 2017.  Pended properties (properties under contract) are at 36 (SF-26, Con-6, Dup – 2 & Lot-2).   Distressed properties continue to be non-existent again with no distressed properties in the current inventory.

Of the current inventory on Anna Maria Island of 144 single family homes the average sale price is $1,168,969 and the median sale price is $949,000.  The lowest price single family home on the island is currently $387,500 and the highest price $4,595,000.  For the 78 condos for sale on the island, the average and median prices respectively are $555,094 & $450,000 with the lowest $199,000 and highest $1,850,000.

Longboat Key’s current inventory is 369 (SF-100, Con- 231, Dup- 2 & Lot- 36) one of the lowest levels in the past thirteen months (342, 322, 302, 303, 331, 393, 437, 456, 469,304, 314, 336, 345).  Of the current inventory of 100 single family homes the average sales price is $2,527,500 and the median sale price is $1,195,000.  The lowest priced single family home on the Longboat Key is $295,000 and the highest is $26,500,000.   For the 231 condos for sale the average and median prices respectively are $803,863 and $575,000 with the lowest $204,900 and highest $6,100,000.  Pended properties on Longboat Key are 50 (SF-21, Con-28, Dup-0 & Lot-1) down a bit from last month and about average for the last 13 months 55,37,45, 57, 61, 66, 68, 79, 86, 45, 54, 49, 62.

Keep those calls and e-mails coming!  We love hearing from you and stop in to see us when you’re on the island……Alan, Frank, Scott & Lynn

THE GALLETTO TEAM of Island Real Estate, 6101 Marina Drive, Holmes Beach FL 34217.
For detailed charts see the entire newsletter on our website; http://www.AnnaMariaLuxuryRealEstate.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate

The post Al Galletto Team – Real Estate Newsletter – December 2017 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.