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

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

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

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

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

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

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

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

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

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

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

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

6101 Marina Drive, Holmes Beach FL 34217.

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

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

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

Sales on Anna Maria Island for May 2019 continue to run well behind sales for May 2018. Sales in May 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 45 (SF-28, Con-11, Dup-3 & Lot-3) down 15% again below May 2018 at 53 (SF-30, Con-19, Dup-1 & Lot-3).  Two months into the second quarter sales for May 31, 2019 Y-T-D was 163 (SF-104, Con-45, Dup-9 & Lot-5) down 18% below May 31, 2018 Y-T-D at 198 (SF-120, Con-64, Dup-8 & lot-6).  The inventory has dropped down this month and has been below 300 for thirteen of the last seventeen months.  As I mentioned last month the average inventory over most of the past 30 years has been 400-450 properties for sale at any one time.  Inventory is currently at 293 (SF-185, Con-74, Dup-21 & Lot-13).  Inventory for the previous eighteen months were 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  Although a little above 300 for the past four months it has again ticked down below 300 this month.

There is something for everybody on Frank & Al’s Great Buy’s list this month.  If you’re looking for a fixer upper or tear down property close to the beach and Bay, then 2901 Ave C is for you.  This ground level duplex is on two platted lots and ready for a new buyer to totally remodel or tear down and build a new home on each lot.  Listed at lot value.  If you’re looking for a 180 degree Bimini Bayfront view and an ideal boater’s home, then 543 67th St. HB  is the one for you.  This 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise minutes to Tampa Bay or the intercostal.  Another great boater’s home is 517 Key Royale Dr.  It has 5bedrooms/5 baths with a great open water bayou view.  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 five months of 2019 continues to run slower than the previous 5 years.  Pended properties (properties under contract) continue to be good at 55 (SF-32, Con-17, Dup-5 & Lot-1) a little below last month but still good.   Distressed properties continue to be virtually non-existent with no distressed property for sale on the island and none in nine of the previous ten months.  The distribution of the single family properties currently for sale on AMI continues to skew upward with only 2%  or (4) <$500K, 19% or (36) 500K-750K, 20% or (39) between $750K and $1 million, 42% or (80) between $1 million and $2 million and 17% or (32) over $2 million.  The distribution for Condos currently for sale is 57% or (48) <$500K, 29% or (24) $500K-$750K, 7% or (6) $750K – $1 million and 9% or (6) >$1 million.  You can see that again 80% of the single-family prices are over $750K while 56% of the condos were below $500K.  Again, the lower prices on condos is due to the fact that most of the condos on the island were built in the 70’s and 80’s and are 2 bedroom/2 bath, 1100 sq. ft.  and there is not much you can do to improve them to increase the value other than new kitchens and bathrooms since they can’t be enlarged.  Of the current inventory of 185 single family homes the lowest priced property is $419,000 (seaside gardens) and the highest is $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 74 condos the lowest priced is $228,900 (Trade winds) and the highest $2,569,000 (Vista Grande).  Of the single-family properties currently for sale on AMI, the average list price is $1,450,666 and the median list price is $1,225,000 and for condos the average list price is $568,092 and median list price is $475,000.

Longboat Key current inventory is 386 (SF- 115, Con- 237, Dup- 3 & Lot- 31) significantly lower than the last five months at 404, 442, 461, 455, 452 which were up from the six previous months at 314, 276, 277, 307, 320 and 377.  Of the current inventory of 115 single family homes the average list price is $1,999,547 and the median list price is $1,362,500.  The lowest priced single-family home on Longboat Key is $298,500 and the highest is $15,900,000.   For the 237 condos for sale the average and median list prices respectively are $776,507 & $549,450 with the lowest $214,900 and highest $6,100,000.  The Longboat Key inventory took a significant drop this month the same as the AMI inventory.

Have a great summer and keep those calls and e-mails coming!

We love hearing from you……Alan, Frank & Lynn

FRANK & AL’S GREAT BUYS

 Entry Level Island Property: 

1.  2901 Ave C BB ($499,000)

Great opportunity to obtain two platted lots to build a home on each or if your handy you can fix up the existing duplex which sits across the two lots.  A must see to appreciate. 

2. 5400 Gulf Drive #30 (459,000)

55+ community WEST of Gulf Dr. with Gulf views from Living room!!! 2/2 GROUND level.  Community has 2 pools, shuffleboard, community center, and it is a GULF FRONT complex.

 Potential Rental Income:

1. 129 52^nd St HB, ($1,325,000)

Magnificent awaits you at Beachy Blue.  This 4BR/4bath spacious home west of Gulf Dr. with great pool & spa is a short walk to the beach. All high end finishes.  Too many features to list….a must see.  This home has been a seasonal rental and did $82,400 in 2018.  A great first or second home and/or rental.

2. 117 Peppertree Ln. Anna Maria City ($899,900)   

West of Gulf drive single family 4bed/2 bath, 1,624 sq. ft. 2 car garage with pool.  Gulf is at the end of the street.  Recently improved with new kitchen and new tile throughout.  A great second home or investment property. Currently a great rental.

And still more offered…. 205 76^th St,  6814 Gulf Dr,  6250 Holmes Blvd    

GULF Front Condos: Vista Grande 5622 Gulf Dr #4,  Westwind 6818 Gulf Dr

Ask us about terrific MULTI-PLEX opportunities too… 3707 Gulf Dr 4-Plex,  Queen’s Gate Resort, 3604 Gulf Dr HB 

Great Canal/Bay front Location:     

1.   543 67^th St. Holmes Beach ($1,899,900)  

Direct Bimini Bayfront with Panorama views with 3-4 bedrooms/4 full baths about 3000 sq. ft.

Two docks on 256 feet of seawall…great boater location.  The lot is big enough to be split into two lots.  Offered Unfurnished.

      2 .  606 Concord Ln. Holmes Beach ($985,000) Reduced

Boaters dream home in graceful Key Royale neighborhood with dock and 9000 lb. boat lift PLUS 2 additional docks for fishing, sunning or launching kayaks or paddle boards. Over 210 feet of seawall to pull a boat up to! No bridges to Tampa Bay or the Gulf of Mexico. 2,533 sq. ft. well maintained home….Come see this property.

Ask us… there are more!  517 Key Royale HB,  405 20th PL N BB,  9921 Manatee Ave.

 Click on the property address to bring up the information & virtual tour or Call me for more information on these or other great properties…Alan (941)232-2216

See http://www.AnnaMariaLuxuryRealEstate.com NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.
941-232-2216 ALAN@AlanGalletto.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

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

Gulf Front WestWinds Condos AMI

           Real Estate Sales on Anna Maria Island for April 2019 continue to run well behind sales for April 2018. Sales in April 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 41 (SF-26, Con-13, Dup-1 & Lot-1) down 15% below April 2018 at 48 (SF-26, Con-19, Dup-2 & Lot-1).  Sales for April 30, 2019 Y-T-D was 118 (SF-76, Con-34, Dup-6 & Lot-2) down 19% below April 30, 2019 Y-T-D at 145 (SF-90, Con-45, Dup-7 & lot-3).  The inventory has dropped down this month and has been below 300 for thirteen of the last seventeen months.  As I mentioned last month the average inventory over most of the past 30 years has been 400-450 properties for sale at any one time.  Inventory is currently at 305 (SF-192, Con-81, Dup-20 & Lot-12).  Inventory for the previous seventeen months were 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298 as you can see all below 300 except for four months.  As I mentioned last month whether low sales and high inventory is the beginning of a trend is still too early to tell but it is a continued good sign that the inventory is dropping off.

There is something for everybody on Frank & Al’s Great Buy’s list this month.  If you’re looking for a fixer upper or tear down property close to the beach, then 2901 Ave C is for you.  This ground level duplex is ready for a new buyer to totally remodel or tear down and build new.  Listed at lot value.  Another great starter property is 2419 Ave. B.  It needs work but it’s in a great location.  If you’re looking for a 180 degree Bayfront view and an ideal boater’s home, then 543 67th St. HB  is the one for you.  This 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise minutes to Tampa Bay or the intercostal.  Another great boater’s home is 517 Key Royale Dr.  It has 5bedrooms/5 baths with a great open water bayou view.  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 beginning 2019, the first four months started slower than the previous 5 years.  Pended properties (properties under contract) continue to be strong at 65 (SF-39, Con-18, Dup-7 & Lot-1) another hefty increase over last month.   Distressed properties continue to be virtually non-existent with no distressed property for sale on the island and none in eight of the previous nine months.  The distribution of the single family properties currently for sale on AMI continues to skew upward with only 3%  or (5) <$500K, 18% or (34) 500K-750K, 24% or (45) between $750K and $1 million, 36% or (67) between $1 million and $2 million and 19% or (36) over $2 million.  The distribution for Condos currently for sale is 56% or (45) <$500K, 28% or (23) $500K-$750K, 7% or (6) $750K – $1 million and 9% or (7) >$1 million.  You can see that again 80% of the single-family prices are over $750K while 56% of the condos were below $500K.  Again, the lower prices on condos is due to the fact that most of the condos on the island were built in the 70’s and 80’s and are 2 bedroom/2 bath and there is not much you can do to improve them to increase the value other than new kitchens and bathrooms since they can’t be enlarged.  Of the current inventory of 192 single family homes the lowest priced property is $419,000 (seaside gardens) and the highest is $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 81 condos the lowest priced is $228,900 (Trade winds) and the highest $9,500,000 (Layby the railroad complex).  Of the single-family properties currently for sale, the average list price is $1,453,297 and the median list price is $1,249,000 and for condos the average list price is $683,785 and median list price is $475,000.

Longboat Key current inventory is 404 (SF- 121, Con- 246, Dup- 3 & Lot- 34) significantly lower than the last four months at 442, 461, 455, 452 which were up from the six previous months at 314, 276, 277, 307, 320 and 377.  Of the current inventory of 121 single family homes the average list price is $1,928,479 and the median list price is $1,350,000.  The lowest priced single-family home on Longboat Key is $298,500 and the highest is $15,900,000.   For the 246 condos for sale the average and median list prices respectively are $777,000 & $549,000 with the lowest $214,900 and highest $6,100,000.  The Longboat Key inventory took a significant drop this month the same as the AMI inventory.

Stay warm and keep those calls and e-mails coming!

We love hearing from you……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 May 2019 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Canal on 2 sides!! BOATERS Dream

Sales on Anna Maria Island for October 2018 were down again 25% over October 2017.  For October 2018 AMI sales were 21 (SF-13, Con-8, Dup-0, & Lot-0) compared to October 2017 at 28 (SF-13, Con-11, Dup-3 & Lot-1).  With only two months to go for 2018  Y-T-D sales on Anna Maria Island are still up 3% at 356 (SF-207, Con-117, Dup-23 & Lot-9) compared to the same point in 2017 with Y-T-D sales of 344 (SF-193, Con-114, Dup-20 & Lot-17).

Sales for the last 12 months (November 1, 2017 to October 31, 2018) for Anna Maria City, Holmes Beach and Bradenton Beach were 415 (SF-239, Con-138, Dup-28 & Lot-10) up 3% over the previous 12 months (November 1, 2016 to October 31, 2017 at 402 (SF-226, Con-134, Dup-24 & Lot-18).  Of the last 12 months sales (November 1, 2017 to October 31, 2018) only .9% or 4 (SF-2, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) for the previous 12 months (November 1, 2016 to October 31, 2017).  Inventory has dropped down significantly below 300 this month again for the sixth month in a row and for fifteen of the previous eighteen months.  Inventory is currently at 255 (SF-147, Con-63, Dup-16 & Lot-16).  Inventory for the previous eighteen months was at 242, 242, 266, 289, 295, 308, 313, 308, 297, 254, 249, 231, 214, 223, 240, 254, 267, & 297.

To summarize the Anna Maria Island market for the first ten months of 2018, sales continue strong with sales Y-T-D up 3% over 2017 which as I mentioned again in last month’s newsletter, was an exceptionally strong sales year at 401 properties sold, in only four of the last fourteen years have we had yearly sales over 400.   If you look at the chart, yearly sales 1993 to 2018 you can see if this year continues as projected it will be the highest sales in a year since 1993.  Fourteen of the last seventeen months the inventory has been below 300 which is the lowest since the crazy years of 2003-2005.  Attesting to the strong market on AMI, I have again left the article that I put in May’s newsletter from a personal finance site (GOBANKINGRATES- see attached article) that used data from Zillow comparing median home prices from January 1998 and January 2018 in 25 cities around the country to identify those where prices had gone up the most.  Of the top 10 cities it’s not surprising that 8 were in California, 1 was in Hawaii and the #5 city was Anna Maria.  Holmes Beach was in the top 25 at #23…. Which supports the great long-term value in property on the island.

The properties on this month’s Frank, Scott & Al’s Great Buy’s list hasn’t changed much.  I mentioned last month 3303 Gulf Drive – Pirates Cove #1 has gone under contract and is due to close 12/3/18.  If you’re looking for a great location in Holmes Beach with 180-degree views of the Gulf, then you must check out this one of a kind condo 5622 Gulf Drive Vista # 4 listed at $2,600,000 arguably the best built complex on the island with only 4 units in the complex.  A well maintained canal home with 210 feet of seawall at 606 Concord Ln. is a must see for boaters.  At the other end of the spectrum is 5608 Gulf Drive #102 at Sun Plaza West a gulf front complex listed at $529,000.  Call me for more information

Of the current AMI inventory of 159 single family homes the average sale price is $1,546,224 and the median sale price is $1,250,000.  The lowest priced single-family home on the island is currently $484,900 and the highest priced is $6,495,000.  For the 60 condos currently for sale on AMI the average and median sale prices are $658,375 & $595,000 respectively with the lowest $198,900 and the highest $2,600,000.

The Longboat Key current inventory is 360 (SF-113, Con-216, Dup-1 & Lot-30) a little higher than last month at 314 and up from the previous six months at 276, 277, 307, 320, 377 & 403 and creeping up to the high end of the previous five months at 304,314,336,345 and 374.  Of the current inventory of 113 single family homes the average price is $2,119,883 and the median price is $1,200,000.  For the 216 condos currently for sale the average sale price is $809,793 and the median sale price $590,200 with the lowest price at $17540, ,000 and the highest at $6,100,000.  Pended properties on Longboat Key are 30 (SF-15, Con-23, Dup-0 & Lot-2) again down from the previous twelve months at 40, 34, 51, 63, 95, 113, 86, 45, 54, 49, 62 & 86.  There are two distressed property on Longboat Key, both are bank owned condos.

Keep those calls and e-mails coming!  We love hearing from you…… 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
ALAN@AlanGalletto.com

The post Real Estate Newsletter November 2018 Anna Maria Island, FL appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

2 bed 2 bath condo overlooking tennis courts.

Sun Plaza West Condo for sale on Anna MAria Island preented by Galletto Team

           Sales for the last 12 months (September 1, 2017 to August 31, 2018) for Anna Maria City, Holmes Beach and Bradenton Beach were 429 (SF-243, Con-144, Dup-30 & Lot-12) up 7% over the previous 12 months (September 1, 2016 to August 31, 2017 at 400 (SF-228, Con-132, Dup-22 & Lot-18).  Of the last 12 months sales (September 1, 2017 to August 31, 2018) only .9% or 4 (SF-2, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) for the previous 12 months (September 1, 2016 to August 31, 2017).  Inventory has dropped down below 300 this month again for the fourth month in a row after popping up just over 300 the previous three months.  Inventory is currently at 244 (SF-148, Con-65, Dup-16 & Lot-15).  Inventory for the previous sixteen months was at 266, 289, 295, 308, 313, 308, 297, 254, 249, 231, 214, 223, 240, 254, 267, & 297.

              To summarize Anna Maria Real Estate for sale for the first eight months of 2018 it’s continuing with very strong sales Y-T-D continuing up 9% over 2017 which as I mentioned again in last month’s newsletter,  was an exceptionally strong sales year at 401 properties sold and historically low inventory which we have experienced since 2010.   Thirteen of the last sixteen months the inventory has been below 300.  Attesting to the strong market on AMI, I have again left the article that I put in May’s newsletter from a personal finance site (GOBANKINGRATES- see attached article) that used data from Zillow comparing median home prices from January 1998 and January 2018 in 25 cities around the country to identify those where prices had gone up the most.  Of the top 10 cities it’s not surprising that 8 were in California, 1 was in Hawaii and the #5 city was Anna Maria.  Holmes Beach was in the top 25 at #23…. Which supports the great long term value in property on the island.

      The properties on this month’s Frank, Scott & Al’s Great Buy’s list have not changed from last month.  If you’re looking for a great location in Holmes Beach with 180-degree views of the Gulf, then you must look at this one of a kind condo 5622 Gulf Drive Vista # 4 listed at $2,600,000 arguably the best built complex on the island with only 4 units in the complex.  At the other end of the spectrum is 3303 Gulf Dr. Pirates Cove #1 totally remodeled condo recently reduced to $424,900.  Call me for more information on these or other real estate opportunities.

      Of the current Anna Maria Real Estate for sale; of 148 single family homes the average sale price is $1,535,576 and the median sale price is $1,250,000.  The lowest priced single-family home on the island is currently $360,000 and the highest priced is $6,495,000.  For the 65 condos currently for sale on AMI the average and median sale prices are $653,823 & $588,000 respectively with the lowest $198,900 and the highest $2,600,000.

      The Longboat Key current inventory is 278 (SF-76, Con-173, Dup-1 & Lot-28) about the same as last month at 277 and down from the previous four months at 307, 320, 377 & 403 and well below the low of the previous five months at 304,314,336,345 and 374.  As you can see the last two months inventory dropped well below 300 when it was well above 300 for the previous nine months.  Of the current inventory of 76 single family homes the average price is $2,241,770 and the median price is $1,350,000.  For the 173 condos currently for sale the average sale price is $808,023 and the median sale price $549,000 with the lowest price at $229,000 and the highest at $6,100,000.  Pended properties on Longboat Key are 34 (SF-13, Con-21, Dup-0 & Lot-0) significantly down from the previous ten months at 51, 63, 95, 113, 86, 45, 54, 49, 62 & 86.  There is only one distressed property on Longboat Key a bank owned condo.

         Keep those calls and e-mails coming!  We love hearing from you……

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
ALAN@AlanGalletto.com

The post Anna Maria Real Estate for sale Newsletter 9-2018 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Beach house, cute as a button Anna Maria Island condo for sale.

Property Sales on Anna Maria Island at the end of the second quarter of 2018 show Y-T-D sales again up 5% at 234 (SF-137, Con-77, Dup-12 & Lot-8) compared to the same point in 2017 with Y-T-D sales of 223 (SF-128, Con-70, Dup-13 & Lot-12).  Sales on Anna Maria Island for June 2018 were down 12% from June 2017.  For June 2018 AMI sales were 36 (SF-17, Con-13, Dup-4, & Lot-2) compared to June 2017 at 41 (SF-25, Con-10, Dup-6 & Lot-0).

In the last 12 months sales (July 1, 2017 to June 30, 2018) for Anna Maria City, Holmes Beach and Bradenton Beach were 414 (SF-234, Con-142, Dup-24 & Lot-14) up 6% over the previous 12 months July 1, 2016 to June 30, 2017 at 390 (SF-220, Con-127, Dup-25 & Lot-18).  Of the last 12 months sales (June 1, 2017 to May 31, 2018) only 1% or 5 (SF-2, Con-2, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 1% or 5 (SF-2, Con-1, Dup-2 & Lot-0) for the previous 12 months (June 1, 2016 to May 31, 2017).  As you can see distressed properties have disappeared from the inventory.  Inventory has dropped down again this month.  Inventory is currently at 289 (SF-175, Con-83, Dup-19 & Lot-12).  Inventory for the previous fourteen months was at 295, 308, 313, 308, 297, 254, 249, 231, 214, 223, 240, 254, 267, & 297.

To summarize the Anna Maria Island market for the first six months of 2018 it’s continuing with very strong sales Y-T-D up 5% over 2017 which was an exceptionally strong sales year at 401 properties sold and historically low inventory which we have experienced since 2010.   For the third month I have left the article that I put in May’s newsletter from a personal finance site (GOBANKINGRATES- see attached article) that used data from Zillow comparing median home prices from January 1998 and January 2018 in 25 cities around the country to identify those where prices had gone up the most.  Of the top 10 cities it’s not surprising that 8 were in California, 1 was in Hawaii and the #5 city was Anna Maria.  Holmes Beach was in the top 25 at #23…. WOW we are in pretty good company as far as appreciation of real estate!

The properties on this month’s Frank, Scott & Al’s Great Buy’s list have some changes from last month.  The property at 3603 4^th Ave closed last week at $900,000.  If you’re looking for a great location in Holmes Beach with peaks of the Gulf, then twice reduced Vitamin Sea 114 48^th St. listed at $1,750,000 generates great rental income but also is a great location for a year around residence.  The two unit property at 601 Gulf Dr. S. Bradenton Beach that I recommended as a great investment property last month went under contract on 7/12/18.  Call me for more information on these or other real estate opportunities.

If you look at the average and median sales prices for single family homes and condos over the last 12 months versus the previous 12 months you can see that single family homes are up 7% & 9% respectively and condos are up 17% & 13% respectively year to year.   Pended properties (properties under contract) continue to look strong this month again at this month at 76 (SF-51, Con-15, Dup-10 & Lot-0) which continues to bode well for continued strong sales over the next several months.  Distressed properties continue to be non-existent again with only one bank owned single family in the existing inventory.

Of the current AMI inventory of 175 single family homes the average sale price is $1,545,691 and the median sale price is $1,325,000.  The lowest priced single-family home on the island is currently $360,000 and the highest priced is $6,495,000.  For the 83 condos currently for sale on AMI the average and median sale prices are $629,682 & $504,750 respectively with the lowest $198,900 and the highest $2,600,000.

The Longboat Key current inventory is 307 (SF-97, Con-177, Dup-3 & Lot-30) down from the last three months at 320, 377 & 403 and near the low of the previous five months at 304,314,336,345 and 374.  Of the current inventory of 97 single family homes the average price is $2,111,677 and the median price is $1,189,000.  For the 177 condos currently for sale the average sale price is $779,686 and the median sale price $549,000 with the lowest price at $175,000 and the highest price at $6,100,000.  Pended properties on Longboat Key are 80 (SF-19, Con-40, Dup-0 & Lot-4) significantly up from last month at 63 and near the high’s for the previous eight months at 95, 113, 86, 45, 54 ,49, 62 & 86.  There is only one distressed property on Longboat Key.

Keep those calls and e-mails coming!  We love hearing from you……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
ALAN@AlanGalletto.com

The post Real Estate Newsletter July 2018 Anna Maria Island, FL appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

517 Key Royale Anna Maria Island Canal front Home

Sales on Anna Maria Island two months into the second quarter of 2018 show Y-T-D sales again up 9% at 198 (SF-120, Con-64, Dup-8 & Lot-6) compared to the same point in 2017 with Y-T-D sales of 182 (SF-103, Con-60, Dup-7 & Lot-12).  Sales on Anna Maria Island for May 2018 were up 10% over 2017.  For May 2018 AMI sales were 53 (SF-30, Con-19, Dup-1, & Lot-3) compared to May 2017 at 48 (SF-31, Con-13, Dup-1 & Lot-3).

     In the last 12 months sales (June 1, 2017 to May 31, 2018) for Anna Maria City, Holmes Beach and Bradenton Beach were 419 (SF-242, Con-139, Dup-26 & Lot-12) up 10% over the previous 12 months (June 1, 2016 to May 31, 2017 at 382 (SF-217, Con-125, Dup-19 & Lot-21).  Of the last 12 months sales (June 1, 2017 to May 31, 2018) only 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 1% or 4 (SF-1, Con-1, Dup-2 & Lot-0) for the previous 12 months (June 1, 2016 to May 31, 2017).  Inventory has dropped down below 300 this month again after popping up just over 300 the last two months.  Inventory is currently at 295 (SF-175, Con-88, Dup-20 & Lot-12).  Inventory for the previous thirteen months was at 308, 313, 308, 297, 254, 249, 231, 214, 223, 240, 254, 267, & 297.

To summarize the Anna Maria Island market for the first four months of 2018 it’s continuing with very strong sales Y-T-D up 9% over 2017 which was an exceptionally strong sales year at 401 and historically low inventory which we have experienced since 2010.   I have left the article that I put in last month’s newsletter from a personal finance site (GOBANKINGRATES- see attached article) that used data from Zillow comparing median home prices from January 1998 and January 2018 in 25 cities around the country to identify those where prices had gone up the most.  Of the top 10 cities it’s not surprising that 8 were in California, 1 was in Hawaii and the #5 city was Anna Maria.  Holmes Beach was in the top 25 at #23…. WOW we are in pretty good company!

The properties on this month’s Frank, Scott & Al’s Great Buy’s list have some changes from last month.  The property at 3603 4^th Ave has gone under contract for cash and is due to close on 7/13/18.  If you’re looking for a great location in Holmes Beach with peaks of the Gulf, then recently reduced Vitamin Sea 114 48^th St. listed at $1,799,900 generates great rental income but also is a great location for a year around residence.  The two unit property at 601 Gulf Dr. S. Bradenton Beach is a great rental property that generates $75K in gross rental income.  Call me for more information on these or other real estate opportunities.

If you look at the average and median sales prices for single family homes and condos over the last 12 months versus the previous 12 months you can see that single family homes are up 15% & 12% respectively and condos are up 18% & 16% respectively year to year.   Pended properties (properties under contract) continue to look strong this month again at 62 (SF-39, Con-13, Dup-9 & Lot-1) which continues to bode well for continued strong sales over the next several months.  Distressed properties continue to be non-existent with only one bank owned single family in the existing inventory.

Of the current AMI inventory of 175 single family homes the average sale price is $1,504,497 and the median sale price is $1,295,000.  The lowest priced single-family home on the island is currently $360,000 and the highest priced is $6,495,000.  For the 88 condos currently for sale on AMI the average and median sale prices are $614,329 & $494,250 respectively with the lowest $198,900 and the highest $2,600,000.

The Longboat Key current inventory is 320 (SF-98, Con-187, Dup-3 & Lot-32) down from the last two months at 377 & 403 and about in line with the previous five months at 304,314,336,345 and 374.  Of the current inventory of 98 single family homes the average price is $2,236,579 and the median price is $1,186,000.  For the 187 condos currently for sale the average sale price is $788,999 and the median sale price $559,000 with the lowest price at $180,000 and the highest price at $6,100,000.  Pended properties on Longboat Key are 63 (SF-19, Con-40, Dup-0 & Lot-4) significantly down from last month at 95 and near the low for the previous seven months at 113, 86, 45, 54, 49, 62 & 86.  There is only one distressed property on Longboat Key.

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

See http://www.AnnaMariaLuxuryRealEstate.com NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.
941-232-2216 ALAN@AlanGalletto.com
SCOTT 941.779.3313
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island, FL. Real Estate Newsletter June, 2018 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Fixer upper 2 bed 2 bath Condo

Sales on Anna Maria Island one month into the second quarter of 2018 show sales up 8% at 145 (SF-90, Con-45, Dup-7 & Lot-3) compared to the same point in 2017 with sales of 134 (SF-72, Con-47, Dup-6 & Lot-9). Sales on Anna Maria Island for April 2018 were up 9% over 2017. For April 2018 AMI sales were 48 (SF-26, Con-19, Dup-2, & Lot-1) compared to April 2017 at 44 (SF-27, Con-12, Dup-0 & Lot-5).

In the last 12 months sales (May 1, 2017 to April 30, 2018) for Anna Maria City, Holmes Beach and Bradenton Beach were 414 (SF-243, Con-133, Dup-26 & Lot-12) up 9% over the previous 12 months (May 1, 2016 to April 30, 2017 at 379 (SF-216, Con-125, Dup-20 & Lot-18). Of the last 12 months sales (May 1, 2017 to April 30, 2018) only 1% or 6 (SF-4, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 1% or 4 (SF-1, Con-1, Dup-2 & Lot-0) for the previous 12 months (May 1, 2016 to April 30, 2017). Inventory has inched up a little bit just above 300 the last three months after being below 300 over the previous 12 months but again is still well below the historical average inventory on the island of 450-500 properties. Inventory is currently at 308 (SF-181, Con-93, Dup-22 & Lot-12). Inventory for the previous twelve months were 313, 308, 297, 254, 249, 231, 214, 223, 240, 254, 267, & 297.

To summarize the Anna Maria Island market for the first four months of 2018 it’s continuing with very strong sales and historically low inventory which we have experienced since 2010. As evidence at how good the AMI market has been a personal finance site (GOBANKINGRATES- see attached article) used data from Zillow comparing median home priced from January 1998 and January 2018 in 25 cities around the country to identify those where prices had gone up the most. Of the top 10 cities it’s not surprising that 8 were in California, 1 was in Hawaii and the #5 city was Anna Maria.  Holmes Beach was #23…. WOW we are in pretty good company!

The properties on this month’s Frank, Scott & Al’s Great Buy’s list have some changes from last month. The property at 3603 4th Ave has gone under contract for cash and is due to close on 6/29/18. If you’re looking for a great location in Anna Maria City with peaks of the Gulf, then recently reduced 744 North Shore Dr. listed at $1,295,000 it generates great rental income but also is a great location for a year around residence. The two unit property at 601 Gulf Dr. S. Bradenton Beach is a great rental property that generates $75K in gross rental income. Call me for more information on these or other real estate opportunities.

If you look at the average and median sales prices for single family homes and condos over the last 12 months versus the previous 12 months you can see that single family homes are up about 22% and condos are up 18% year to year. Pended properties (properties under contract) continue to look strong at 63 (SF-37, Con-17, Dup-6 & Lot-3) which continues to bode well for continued strong sales over the next several months. Distressed properties continue to be non-existent with only two bank owned properties and one short sale property in the existing inventory.

Of the current AMI inventory of 181 single family homes the average sale price is $1,369,380 and the median sale price is $1,195,000. The lowest priced single-family home on the island is currently $379,800 and the highest priced is $4,995,000. For the 93 condos currently for sale on AMI the average and median sale prices are $605,968 & $475,000 respectively with the lowest $199,000 and the highest $2,600,000.

Live your life.. buy the beach house NOW

The Longboat Key current inventory is 377 (SF-106, Con-227, Dup-3 & Lot-41) down from the last two months at 377 & 403 and about in line with the previous five months at 304,314,336,345 and 374. Of the current inventory of 105 single family homes the average price is $2,221,871 and the median price is $1,173,000. For the 210 condos currently for sale the average and median prices respectively are $769,354 and $549,000 with the lowest price at $174,900 and the highest price at $6,100,000. Pended properties on Longboat Key are 95 (SF-19, Con-71, Dup-0 & Lot-5) down from last month at 113 and up from the previous six months at 86, 45,54,49,62 & 86. There is only one distressed property on Longboat Key a bank owned condo.

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

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 #BuyTheBeachHouse #AnnaMariaIsland

The post Anna Maria Island, FL; Real Estate Newsletter May 2018 GALLETTO TEAM appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Close to all your beach needs. BUY the beach house! 744 North Shore Anna Maria City

  Two months into 2018 looks to be another good start for the year.  February 28, 201 Y.T.D. Anna Maria Island property sales were; 58(Single Family Homes (SF) – 40, Condos (Con)-12, Multi-Family homes, aka, Duplex (Dup)-5, & Vacant lots (Lot)-1) up 23% over February 28, 2017 Y.T.D. at 47 (SF-22, Con-21, Dup-2 & Lot-2).

Sales in February 2018 for Anna Maria City, Holmes Beach and Bradenton Beach were 25 (SF-16, Con-6, Dup-3 & Lot-0) even with February 2017 at 25 (SF-11, Con-11, Dup-1 & Lot-2).  The last 12 months sales (Mar 1, 2017 to Feb 28, 2018) were 412 (SF-244, Con-123, Dup-28, Lot-17) up 14% from the previous 12 months (Mar 1, 2016 to Feb 28, 2017) at 361 (SF-211, Con-115, Dup-20 & Lot-15).  Of the last 12 months sales only 1.5% or 6 (SF-4, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to .5% or 2 (SF-2, Con-0, Dup-0 & Lot-0) in the previous 12 months (Mar 1, 2016 to Feb 28, 2017).  Inventory continues to run well below the normal of 450-500.  Inventory is currently at 308 (SF-169, Con-102, Dup-25 & Lot-12).  Inventory for the previous twelve months were 297, 254, 249, 231, 214, 223, 240, 254, 267, 297, 297, and 310.  Although the inventory has popped up a little this month it hasn’t been below 300 since 2005 the peak year for prices.

Two properties on Frank, Scott & Al’s Great Buy’s list since last month have been reduced, 744 North Shore Drive is now $1,229,000 and 3603 4^th Ave. is now $929,900 both steps to the beach and very good rentals.  The property at 5610 Gulf Drive #1 (Hidden Cove) is a one of the kind condo with gulf views from anywhere in the unit and which allows you to walk from your deck right out to the beach.  Call me for more information on these or other real estate opportunities.

To summarize Anna Maria Island market for the first two months of 2018 started off 23% ahead of 2017 which was a 400 plus year in sales.  Pended properties continue to be strong remaining well above the average.  Pended properties (properties under contract) are at 69 (SF-40, Con-24, Dup-3 & Lot-2).   Distressed properties continue to be virtually non-existent with only one bank owned condo for sale on the island in Sun Plaza West.

The current inventory of 169 single family homes the average sale price is $1,246,620 and the median sale price is $998,500.  The lowest price single family home on the island is currently $287,000 and the highest price $4,995,000.  For the 102 condos for sale the average and median prices respectively are $532,905 & $437,450 with the lowest $199,000 and highest $1,775,000.

Longboat Key current inventory is 403 (SF- 113, Con- 249, Dup- 3 & Lot- 38) up dramatically from 304 last month and 314, 336, 345 and 374 the four previous months.  Of the current inventory of 113 single family homes, the average sales price is $2,256,117 and the median sale price is $1,050,000.  The lowest priced single family home on the Longboat Key is $305,500 and the highest is $26,500,000.   For the 249 condos for sale the average and median prices respectively are $775,048 and $560,750 with the lowest $219,900 and highest $6,295,000.  Pended properties on Longboat Key are 86 (SF-25, Con-59, Dup-0 & Lot-2) up from last month at 86, and 45, 54, 49, 62 and 86 the previous five months.  Distressed properties on Longboat Key are only 1, a condo that is bank owned.

In summary, the sales are running in the peak numbers and the inventory, although it’s bumped up the last couple months, is still way below the normal average inventory.  If you look at the past 12 months average and median sales prices on all 4 types of properties compared to the previous 12 months prices have risen in the 15% range over that period.  Single-family average sales prices are up 18% and median sales prices are up 15% from a year ago.  Condo average sales prices are up 21% and condo median sales prices are up 11% over a year ago.  It continues to be a very healthy market.

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

See NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.
941-232-2216 ALAN
SCOTT 941.779.3313
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post GALLETTO Team Anna Maria Island, FL. Real Estate Newsletter March, 2018 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.