Custom home on Anna Maria Island among the Banyan Trees

 Real estate sales on Anna Maria Island continue at the pace it’s been at for the last few months, again due mostly to low inventory.  Sales for the month of July 2022 at 34 were 31% lower than June 2022 at 49.   Sales for July 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 34 (SF-18, Con-14, Dup-1 & Lot-1) compared to June 2022 at 49 (SF-25, Con-20, Dup-1 & Lot-3).  The inventory continues to be in the lowest range it’s been in 30 years and continues to be well below the average of 300 for 39 of the last 48 months.  Inventory is currently at only 143 (SF-102, Con-31, Dup-8, Lot-2) Inventory for the previous 48 months were 145, 94, 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales have slowed down slightly and the inventory is slowly starting to increase but it’s still very low.

Looking at the average sale price of single-family homes in Manatee County through May 2022 was up again 26.1% above June 2021 at $715,505 and the Median sale price was up 37.5% at $550,000.  The current inventory has bumped up 78.8% at 826 from 462 in June 2021.  The Pending sales are at 592 vs 710 last year. As far as you buyers…buying sooner is still better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion on the value of the property you may want to sell, or for starting a search to find a property to buy today.

        Since last month there are currently 28 properties that went pended SF-19, Condo-7, multi-family- 1, and the lots- 1.  The single families were listed between $995,500 and $5,900,000; the condos between $525,000 and $1,250,000; One Multi-family at $1,350,000 and one lot at $1,650,000.  Of the 94 single-family properties currently for sale, there is only 3 single-family properties under $1 million ($999,500) and only 23 between $1 Million and $2 Million the remaining range between $2,000,000 and $28,500,000.  

        To summarize the Anna Maria Island Real Estate Market sales for July 2022 were 21% lower than July 2021.  The inventory has begun to creep up but is still in the lowest range I’ve seen it in 30 years, at again only 143 (SF-102, Con-31, Dup-8, Lot-2) 64% is close to last month at 145 but still lower than 5 of the last 14 months at 145, 94, 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 28 (SF-19, Con-7, Dup-1 & Lot-1) lower than the previous fifteen months at 35, 59, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-nine months. The distribution of the 102 single-family properties currently for sale on AMI continues to skew to the high end with .9% (1) <$750K, 2% or (2) between $750K and $1 million, 23% or (23) between $1 million and $2 million and 25% or (25) between 2-3 Million and 50% or (51) over $3 million.  As I mentioned above the lowest price single family home is 208 84TH St. HB listed at $929,000 a 2BR/2bath, 1,252 sq. ft.  The highest-priced single-family home currently is still at 102 48^th St. HB listed at $28,500,000 a  1940, remodeled 3,892 10BR.7.5 bath beach house directly on a gulf front lot.  The distribution of the 31 Condos currently for sale on AMI is 3% or (1) <$500K, 53% or (16) $500K-$750K, 27% or (8) $750K – $1 million and 17% or (5) >$1 million.  You can see that 97% of the single-family prices are over $1 million while 83% of the condos were below $ 1 million and only 17% over $1 million.  Of the current inventory of 31 condos the lowest-priced unit, this month is a 1br/1 bath Tradewinds Condo at 1603 Gulf Dr. #31 BB listed at $489,000 and the highest is again a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1, HB listed with a price increase at $3,098,000.  The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $3,797,568 and the median list price is $2,987,500 and for condos, the average list price is $940,307 and the median list price is $712,800.   

We have left out Frank & Al’s best buys again this month since there is so little inventory, and it changes so fast.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

         Longboat Key current inventory popped up last month again to 92 (SF- 41, Con- 41, Dup- 1 & Lot- 9)  but still in the low end of the range it’s been in the last twenty-eight months  76, 48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 41 single-family homes, the average price is $3,723,354 and the median list price is $2,650,000.  For the 41 condos for sale, the average and median list prices respectively are $1,781,105 & $950,000.

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

941-232-2216    ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

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

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

Real estate sales on Anna Maria Island continue to slow down, again due mostly to low inventory.  Sales for the month of May 2022 at 49 were only 16% lower than May 2021 at 57.  The Inventory continues to slowly build but is still nowhere near the average inventory before Covid.  Sales for May 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 49 (SF-25, Con-20, Dup-1 & Lot-3) compared to May 2021 at 57 (SF-25, Con-25, Dup-4 & Lot-3).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 38 of the last 46 months.  Inventory is currently at only 145 (SF-106, Con-29, Dup-7 & Lot-3).  Inventory for the previous 46 months were 94, 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales have slowed down, the inventory has slowly started to build up.

Looking at the average sale price of single-family homes in Manatee County through May 2022 was up again 26.1% above May 2021 at $715,505 and the Median sale price was up 37.5% at $550,000.  The current inventory has bumped up 78.8% at 826 from 462 in May 2021.  The Pending sales are at 592 vs 710 last year. As far as you buyers…buying sooner is still better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of the value of the property you may want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there are currently 35 properties that went pended SF-20, Condo-15, multi-family- 0 and the lots- 0.  The single families were listed between $999,500 and $5,495,000; the condos between $259,000 and $1,985,000; The Multi families between $1,200,000 and $2,295,000.  There were 0 lots pended.  Of the 94 single-family properties currently for sale, there is only 1 single-family property under $1 million ($999,500) and only 17 between $1 Million and $2 Million the remaining range between $2,000,000 and $28,500,000.  

        To summarize the Anna Maria Island Real Estate Market sales for May 2022 were 16% lower than in May 2021.  The inventory has begun to creep up but is still the lowest I’ve seen it in 30 years, at again only 145 (SF-106, Con-29, Dup-7, Lot-3) 64% up from last month but still lower than 4 of the last 13 months at 94, 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 35 (SF-20, Con-15, Dup-0 & Lot-0) lower than the previous fourteen months at 59, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-eight months. The distribution of the 106 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, 3% or (4) between $750K and $1 million, 15% or (16) between $1 million and $2 million and 28% or (30) between 2-3 Million and 57% or (60) over $3 million.  The highest-priced single-family home currently is still $28,500,000 a 1940, remodeled 3,892 10BR.7.5 bath beach house directly on a gulf front lot.  The lowest-priced is a half-duplex, 2 BR/1 bath, 700 sq. ft. home in Holmes Beach. The distribution of the 27 Condos currently for sale on AMI is 8% or (2) <$500K, 37% or (10) $500K-$750K, 27% or (7) $750K – $1 million and 27% or (7) >$1 million.  You can see that 97% of the single-family prices are over $1 million while 73% of the condos were below $1million and only 27% are over $1 million.  As I mentioned above of the current inventory of 106 single-family homes the lowest priced property at 3007 Ave E unit A, HB listed at $949,000 a 2br/1bath, 700 sq. ft. half-duplex and the highest is a $28,500,000 Gulf Front property at 102 48th St, HB.  Of the current inventory of 29 condos the lowest-priced unit, this month is a 1br/1.5 bath Condo at 3014 Ave C. #4 HB listed at $259,000 and the highest is again a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1, HB listed at $2,998,000.  The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $3,994,525 and the median list price is $2,995,000 and for condos, the average list price is $985,481 and the median list price is $750,000.   

We have left out Frank & Al’s best buys again this month since there is so little inventory, and it changes so fast.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

         Longboat Key current inventory popped up last month at 76 (SF- 36, Con- 33, Dup- 0 & Lot- 7)  but still in the low end of the range it’s been in the last twenty-seven months  48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 36 single family homes, the average price is $3,778,883 and the median list price is $2,645,000.  For the 37 condos for sale, the average and median list prices respectively are $1,948,100 & $1,175,000.

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

Keep those calls and e-mails coming!

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

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

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

Real estate sales on Anna Maria Island continue again to outpace 2020 and we do not know how much higher it can go because we are running out of inventory.  Sales for the month of May 2021 were 93% over May 2020.  The Inventory has not significantly changed and is currently at 82.  Sales for May 2021 for Anna Maria City, Holmes Beach and Bradenton Beach were 58 (SF-25, Con-25, Dup-4 & Lot-4) compared to May 2020 at 30 (SF-12, Con-12, Dup-4 & Lot-2).  The inventory continues to be the lowest it’s been in 30 years and continues to be below 300 for 34 of the last 42 months and 21 of the last 24 months.  Inventory has popped up a little and is currently at only 82 (SF-51, Con-14, Dup-14 & Lot-3).  Inventory for the previous 42  months were 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  I’ve talked to Realtors who are going on vacation because there is nothing to sell.  Looking at Manatee County the average sale price of single family homes in Manatee County for May 2021 were up again 28% above May 2020 and the current inventory is down 79.7% from 2020 at this time.  The average sale price of a single-family home in Manatee County is $303,121 and the median sales price is 235,000 and Pending sales are up 146.3% over last year. Again.…. I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be the time to put your property on the market while it still is a sellers’ market.  As a matter of fact, I took my own advice and put one of my properties, a duplex, up for sale last week.  As far as you buyers…buying sooner is better than later unless you aren’t going to buy for two years or so.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of value of the property you want to sell, or for starting a search to find a property to buy today.

Since last month’s newsletter there continues to be a lot of activity.  6700 Gulf #7 HB closed for $1,675,000; 3303 Gulf #2 HB closed for $495,000 and 210 75^th St. HB closed for $2,600,000.  The following property went under contract since last month’s newsletter: 3407 29^th St Bradenton listed at $265,000.  Of the 44 single family properties currently for sale, there still are only 3 single family properties under $1 million and only 17 between 1 Million and 2 million.   We have left out Frank & Al’s best buys this month since there is so little inventory.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!    

To summarize the Anna Maria Island Real Estate Market sales for May 2021 were 93% higher than May 2020.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 82 (SF-46, Con-11, Dup-9, Lot-6) slightly up from last month but still lower than 6 of the last 9 months at 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain strong at 70 (SF-44, Con-16, Dup-6 & Lot-4) dropping slightly from the previous eleven months at 85, 94, 95, 101, 87, 86, 90, 94, 112, 92, 71.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-four months. The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with none <$750K, 7% or (3) between $750K and $1 million, 39% or (17) between $1 million and $2 million and 27% or (12) between 2-3 Million and 27% or (12) over $3 million.  The highest priced single family home currently is a 3,593 sq. ft. 3BR/3.5 bath home built in 2016 on 1/3rd of an acre on Bimini Bay listed at $6,500,000.  The lowest priced is a Land condo 2BR/2 bath 880 sq. ft.  at 310 62^nd St listed at $824,900.  The distribution of the 14 Condos currently for sale on AMI is 7% or (1) <$500K, 27% or (4) $500K-$750K, 33% or (5) $750K – $1 million and 33% or (5) >$1 million.  You can see that 100% of the single-family prices are over $750K and 97% are over $1 million while 34% of the condos were below $750K and only 33% over $1 million.  As I mentioned above of the current inventory of 51  single family homes the lowest priced property is $824,900 a 2br/1bath land condo at 310 62^nd St HB  and the highest is a $6,500,000 Bimini Bay Front property at 8017 Marina Isles Ln. HB.  Of the current inventory of 15 condos the lowest priced unit again this month is a 1br/1bath Imperial House condo at 611 N. Gulf Dr. #A23 listed at $269,000 and the highest a 3br/3 bath condo at Carissa Villas, 2 blocks to the beach at 201 57^th St unit A HB. The prices for single family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $2,517,879 and the median list price is $2,225,000 and for condos, the average list price is $863,800 and the median list price is $824,999.   

Longboat Key current inventory has dropped down again to 48 (SF- 18, Con- 27, Dup- 1 & Lot- 2) the lowest it’s been in the last twenty-three months  63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 18 single family homes, the average price is $3,752,161 and the median list price is $3,747,500.  For the 27 condos for sale, the average and median list prices respectively are $1,878,193 & $979,000.

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

Keep those calls and e-mails coming!

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate0000000000000000000000000000000000000000000000000000

The post Anna Maria Island, FL. Real Estate News June 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

3407 29th St W. BRADENTON HOME .24 ACRES, 1615 UNDER AIR. ROOM FOR EXPANSION AND POOL

          Real estate sales on Anna Maria Island continue again to outpace 2020 and we do not know how much higher it can go because we are running out of inventory.  Sales for the month of April 2021 were again at historic highs over April 2020.  The Inventory at 72 continues to be lower than the pended properties at 86.  Sales for April 2021 for Anna Maria City, Holmes Beach, and Bradenton Beach were 70 (SF-42, Con-23, Dup-1 & Lot-4) were 3-times higher than April 2020 at 23 (SF-12, Con-9, Dup-1 & Lot-1).  The inventory continues to be the lowest it’s been in 30 years and continues to be below 300 for 33 of the last 40 months and 20 of the last 23 months.  Inventory is currently at only 72 (SF-44, Con-13, Dup-9 & Lot-6).  Inventory for the previous 41  months were 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, and again has hit a new low for this market.  I’ve talked to Realtors who are going on vacation because there is nothing to sell.  Looking at the whole county the average sale price of single-family homes in Manatee County for April 2021 were up again 37.4% above April 2020 and the current inventory is down 76.3% from 2020 at this time.  The average sale price of a single-family home in Manatee County is $536,981 up 37.4% over a year ago and pending listings are up 65.7% over last year. Again, for the fifth month….I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be the time to put your property on the market while it still is a sellers’ market. As a matter of fact, I’m going to take my own advice and put one of my properties up for sale next week.  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 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 continues to be a lot of activity.  6500 Flotilla #157 HB closed for $445,000; 6200 Flotilla #306 HB closed for $580,000. The following properties went under contract since last month’s newsletter: 433 62^nd St. HB listed at $389,000; 3201 Gulf PIV#1 HB listed at $799,000 and 3302 Gulf SeaPirates #2 HB listed at $519,900.  Of the 46 single-family properties currently for sale, there still are only 4 single-family properties under $1.1 million and only 20 between 1 Million and 2 million.   If you want to see these or any other properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!    

                       To summarize the Anna Maria Island Real Estate Market in May 2021, sales for April 2021 were 3-times higher than April 2020.  The inventory continues to drop and continues to be the lowest I’ve seen it in 30 years, at again only 72 (SF-46, Con-11, Dup-9, Lot-6) down from 72, 76, 100, 135, 145, 155, 162 & 175 the last eight months.  Pended properties (properties under contract) continue to remain strong at 85 (SF-47, Con-29, Dup-6 & Lot-3) dropping slightly from the previous eleven months at 94, 95, 101, 87, 86, 90, 94, 112, 92, 71 & 42.  For the last three months in a row, 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-three 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, 6% or (3) between $750K and $1 million, 40% or (19) between $1 million and $2 million and 25% or (12) between 2-3 Million and 27% or (13) over $3 million.  The highest-priced single-family home is a 3,600 sq. ft. home built in 2016 on 1/2rd an acre on Bimini Bay listed at $6,500,000.  The distribution of the 11 Condos currently for sale on AMI is 27% or (3) <$500K, 27% or (3) $500K-$750K, 19% or (2) $750K – $1 million and 27% or (3) >$1 million.  You can see that 98% of the single-family prices are over $750K and 92% are over $1 million while 54% of the condos were below $750K and only 27% 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 46  “single-family homes” the lowest priced property again is $725,000 (a 2br/1bath) home at 203 Haverkos Ct. HB and the highest is a $6,500,000 Bimini Bay Front property at 8017 Marina Isles Ln. HB.  Of the current inventory of 11 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 a $1,500,000.  3br/3 bath land condo, 2.5 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 $2,558,831 and the median list price is $2,112,500 and for condos, the average list price is $814,909 and the median list price is $750,000.   

                        Longboat Key current inventory has, after dropping for ninth months in a row popped up again slightly to 63 (SF- 23, Con- 34, Dup- 2 & Lot- 4) still one of the lowest it’s been in the last twenty-two months  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 23 single-family homes, the average price is $2,379,227 and the median list price is $1,844,000.  For the 34 condos for sale, the average and median list prices respectively are $1,249,570 & $639,000.

Hope you are all staying safe & looking forward to 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 CHARTS and full newsletter.

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

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

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

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

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

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

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

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

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

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

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate 

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

WOW this house seems to have it ALL

The year 2020 started off with a bang.  Sales for January 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 33 (SF-24, Con-9, Dup-0 & Lot-0) up 120% above January 2019 at 15 (SF-9, Con-5, Dup-1 & Lot-0) beginning the year up significantly.  Sales for the last 12 months were 393 (SF-252, Con-111, Dup-33 & Lot-7) up 4% above the previous 12 months at 379 (SF-219, Con-130, Dup-22 & lot-8).   The inventory continues to remain low at 314 after being below 300 for nineteen of the last twenty-five months.  Inventory is currently at 314 (SF-182, Con-94, Dup-16 & Lot-22).  Inventory for the previous twenty-five months were 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 still historically low and still well below average  for this market.  Average sales for the last 16 years were 342, which includes 2004 and 2005 (the peak sales years).

There is something for everybody on Frank & Al’s Great Buy’s list this month.  Since last month’s newsletter two more of our properties went under contract, a canal home in Key Royale and a warehouse in Bradenton. 622 Hampshire Ln. and  5821 21^st St E. Bradenton FL .  If you want 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.  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 which did $94,800 in gross annual rental income in 2019.  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 to start 2020, sales have started strong and the inventory is at a healthy level….not too high but not too low to inhibit sales.  Pended properties (properties under contract) stayed very healthy again at 68 (SF-33, Con-25, Dup-8 & Lot-2) above last month at 56 and a very healthy number which continues to bode well for a strong sales year in 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 seventeen 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 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 is $249,000 (seaside gardens 1br/1bath again) and the highest is $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 a 1br/1bath Tradewinds at $210,000 and the highest $2,569,000 still 3br/3bath gulf front 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 $1,708,593 and the median list price is $1,399,000 and for condos the average list price is $581,483 and median list price is $489,450.

Longboat Key current inventory has popped up again to 378 (SF- 139, Con- 208, Dup- 3 & Lot- 28) higher than the last seven months at 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 139 single family homes the average list price is $2,234,924 and the median list price is $1,350,000.  The lowest priced single-family home on Longboat Key is $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 198 condos for sale the average and median list prices respectively are  $845,442  &  $595,000 with the lowest $6,000 (a 2BR/2bath Longboat Bay Club Timeshare) 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

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 February, 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

On Tide Water Pond, Paddle board ready!!

Sales on Anna Maria Island for August 2019 again ran well behind sales for August 2018 which continues to widen the 2019 Y-T-D vs 2018 Y-T-D.  Sales for July 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 27 (SF-21, Con-5, Dup-0 & Lot-1) down 36% below July 2018 at 42 (SF-22, Con-13, Dup-7 & Lot-0).  Sales through August 31, 2019 Y-T-D were 264 (SF-169, Con-75, Dup-14 & Lot-6) down only 21% below August 31, 2018 Y-T-D at 319 (SF-186, Con-103, Dup-21 & lot-9) compared to last month year to date when we were down 15% and the previous month when we were down 11% so you can see the year to date difference between 2019 and 2018 has been increasing.   The inventory has dropped down this month and has been below 300 for seventeen of the last twenty-one months.  Inventory is currently at 282 (SF-159, Con-87, Dup-23 & Lot-13).  Inventory for the previous twenty-one months were 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  Again the lower sales this year-to-date over last year-to-date isn’t because of low demand but 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 we should end the year somewhere between those two numbers.

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 HB is for you.  This property is currently under contract but not yet through the inspection period so it may come back active on the market.  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.  Ready to be taken to the next level, this 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise minutes to Tampa Bay or the intercostal.  If you want a great rental another great property is 129 52^nd St. HB.  west of Gulf Drive with 4bedrooms/4 baths.  If you want to be almost on the Gulf then look at 103_47TH_ST. HB  a remodeled beach cottage with pool and spa, 3bedrooms/3.5baths, one house from the beach and peaks of the Gulf.  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 eight months of 2019 sales continue to run slower than the previous 5 years and Pended properties (properties under contract) jumped up this month to 36 (SF-23, Con-7, Dup-6 & Lot-0) well above last month and about at the average for pended properties.  Distressed properties continue to be non-existent with no distressed property for sale on the island and none in the last year.  The distribution of the single family properties currently for sale on AMI hasn’t changed much in the last year with only 4% or (7) <$500K, 12% or (20) 500K-750K, 20% or (32) between $750K and $1 million, 38% or (61) between $1 million and $2 million and 26% or (41) over $2 million.  The distribution for Condos currently for sale is 60% or (52) <$500K, 26% or (22) $500K-$750K, 5% or (4) $750K – $1 million and 9% or (8) >$1 million.  You can see that again 84% of the single-family prices are over $750K and 64% are over $1 million while 60% of the condos were below $500K.  This distribution of single family prices and condo prices has continued to remain about the same for over a year.  Of the current inventory of 159 single family homes 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 87 condos the lowest priced is $214,500 (Bay View Terrace) and the highest $2,569,000 (still Vista Grande).  The highs and lows for single family and condos haven’t changed for several months.  Of the single-family properties currently for sale on AMI, the average list price is $1,645,074 and the median list price is $1,495,000 and for condos the average list price is $564,259 and median list price is $439,500.

Longboat Key current inventory is 274(SF- 90, Con- 155, Dup- 1 & Lot- 28) lower than the last eight months at 289, 359, 386, 404, 442, 461, 455, 452 and from most of the six previous months at 314, 276, 277, 307, 320 and 377.  Of the current inventory of 90 single family homes the average list price is $2,208,399 and the median list price is $1,395,000.  The lowest priced single-family home on Longboat Key is $230,000 (2br/2bath in Spanish Main) and the highest is $22,500,000 (A 19,300 sq. ft. home on 1.18 acre on the Gulf) same as last month.   For the 155 condos for sale the average and median list prices respectively are $748,413 & $566,750 with the lowest $160,000 (a 2BR/1bath La Playa 699 sq. ft. unit) and the highest $6,100,000 (a 4BR/4.5 bath 3,921 sq. ft. gulf front unit).  The Longboat Key inventory took a significant drop the last two months the same as the AMI inventory.

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    Email me with any questions!

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

S

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 HB is for you.  Again I don’t know why this hasn’t sold already.  This ground level duplex is on two platted lots and ready for a new buyer to tear it down and build a new home on each lot.  Listed at lot value…you can’t buy a lot for $225K.  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.  Ready to be taken to the next level, this 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise minutes to Tampa Bay or the intercostal.  If you want a great rental another great property is 129 52^nd St. HB.  west of Gulf Drive with 4bedrooms/4 baths.  If you want to be almost on the Gulf then look at 103_47TH_ST. HB  a remodeled beach cottage with pool and spa one house 3bedrooms/3.5baths from the beach and peaks of the Gulf.  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 seven months of 2019 continues to run slower than the previous 5 years and Pended properties (properties under contract) dropped down this month to 25 (SF-15, Con-7, Dup-3 & Lot-0) well below last month.  We’ll see if this trend continues or is just a blip.  Distressed properties continue to be virtually non-existent with no distressed property for sale on the island and none in eleven of the previous twelve months.  The distribution of the single family properties currently for sale on AMI continues to skew upward and hasn’t changed much in the last year with only 5% or (9) <$500K, 15% or (25) 500K-750K, 20% or (34) between $750K and $1 million, 37% or (64) between $1 million and $2 million and 23% or (39) over $2 million.  The distribution for Condos currently for sale is 59% or (48) <$500K, 27% or (22) $500K-$750K, 5% or (4) $750K – $1 million and 9% or (7) >$1 million.  You can see that again 80% of the single-family prices are over $750K while 59% of the condos were below $500K.  This distribution of single family prices and condo prices has continued to remain about the same for over a year.  Of the current inventory of 171 single family homes 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 81 condos the lowest priced is $229,900 (still Trade winds) and the highest $2,569,000 (still Vista Grande).  The highs and lows for single family and condos haven’t changed for several months.  Of the single-family properties currently for sale on AMI, the average list price is $1,540,037 and the median list price is $1,350,000 and for condos the average list price is $562,970 and median list price is $475,000.

Longboat Key current inventory is 289(SF- 90, Con- 170, Dup- 0 & Lot- 29) lower than the last seven months at 359, 386, 404, 442, 461, 455, 452 and from most of the six previous months at 314, 276, 277, 307, 320 and 377.  Of the current inventory of 90 single family homes the average list price is $2,114,478 and the median list price is $1,350,000.  The lowest priced single-family home on Longboat Key is $294,500 (2br/2bath in Spanish Main) and the highest is $22,500,000 (A 19,300 sq. ft. home on 1.18 acre on the Gulf) same as last month.   For the 170 condos for sale the average and median list prices respectively are $744,117 & $545,000 with the lowest $160,000 (a 2BR/1bath La Playa 699 sq. ft. unit) and the highest $6,100,000 (a 4BR/4.5 bath 3,921 sq. ft. gulf front unit).  The Longboat Key inventory took a significant drop this month the same as the AMI inventory.

On Anna Maria the average sale price for single family homes since last July has gone up 19% and the median sale price has gone up 9%.  For condos over that same period the average sale price went up 9% and the median sale price went up 4%.  A continued healthy market.

Have a great Labor 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

June 2018 VS. June 2019 STATS ON ANNA MARIA ISLAND

Aug 1, 2017 – July 31, 2018 SALES ON ANNA MARIA ISLAND

Aug 1, 2018 – July 31, 2019 SALES ON ANNA MARIA ISLAND

 SALES 2004-2018

2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  

SF       234     225   212   228    219     237    245    174    187    118    121     111      74     182   243

CON   131     135   109   128    106     120    126    126      94      84      57       71       45    186   101

DUP       23      25      24     27      34       26      27     16       23      10      26       10       15      53     70

LOTS      9      18      16     24       22      25      33      24      15      12        7         7         4      17      21

TOT    397     403    361   407     381   408     431   340    319    224     211     199     138    438   435

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

Luxury Gulf Front Condo Anna MAria Island for sale

Sales in January 2016 started the year off strong again among all property types and showed average and median sales prices up again from 2015.  January 2016 sales were 27 (SF-15, Con-8, Dup-3 & Lot-1) down slightly from January 2015 at 30 (SF-15, Con-9, Dup-3 & Lot-3) but still the third best January sales since 2006.  The last 12 months sales (Feb1, 2015 to Jan 31, 2016) were 404 (SF-228, Con-127, Dup-27, Lot-22) up 8% over the previous 12 months (Feb 1, 2014 to Jan 31, 2015) at 374 (SF-212, Con-105, Dup-34 & Lot-23).  Of the last 12 months sales only 4% or 18 (SF-9, Con-8, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 6% or 22 (SF-10, Con-3, Dup-9 & Lot-0) in the previous 12 months (Feb 1, 2014 to Jan 31, 2015).  Inventory on the island continues to remain low but is slightly up again this month at 330 (SF-187, Con-97, Dup-17 & Lot-29).  The inventory last month was 309 and for over the last year the inventory has been running slightly below 300.

If you’re looking for some very good properties to buy check out Frank, Al & Scott’s Great Buys this month. Since last month’s newsletter 727 Jacaranda listed at $1,149,000 has gone under contract, so buyers are active.  The best investment buy in the whole inventory is still 3603 4^th Avenue.  If someone doesn’t buy it soon I’m going to buy it myself.  It has averaged $90K in gross annual rental income which makes it a 10 ratio (purchase price/Gross annual rental income) at list price.  Ask for a Cost of Ownership Analysis on 3603 4^th Ave. to see the numbers.  If you’re looking for an entry level condo check out 2814 Gulf Drive a 3 unit condo with 2 bedroom units listed at $379,900 and a 1 bedroom unit at $319,900.  If you’re only looking for a 1 bedroom unit also check out 308 2^nd St N.  Two of the units are already under contract.  This 4 unit condo that has been totally remodeled has only 2 units left at $274K & $249K.  If you’re looking for a Bay Front Family Compound check out 2201 Avenue A – a 5 bedroom/3.5 bath bay front home with panoramic Bay views, a manicured pool area and boat lift listed at $1,999,900.  Check out the other great buys this month.

Location Location 34217 % bed 3.5 ba Waterfront Home for sale

To summarize the market for the beginning of 2016, it’s starting off where the record year of 2015 left off.  Distressed properties are pretty much non-existent and will continue to be so into the future.  There is currently only one distressed single family property in the inventory.  Pended properties (properties under contract) are about average at 25 (SF-10, Con-11, Dup-3 & Lot-1).  The distribution of the single family sales on the island over the last 12 months was 22% <$500K, 43% 500K-750K, 17% between $750K and $1 million and 18% over $1 million.  The distribution for Condo sales over the last 12 months is 83% <$500K, 13% $5000K-$750K, 2% $750K – $1 million and 2% >$1 million. 

            Longboat Key current inventory is 483 (SF- 148, Con- 207, Dup- 96 & Lot- 32).  Pended properties on Longboat Key is 65 (SF-14, Con-31, Dup-20 & Lot-0) and Distressed properties on Longboat Key are only 3 (SF-0, Con-1, Dup-2 & Lot-0).  The distribution for single family home sales on Longboat Key for the last 12 months was 23% <$500K, 29% $500K – $750K, 18% $750K – $1 million & 30% >$1 million.  The distribution for Condo sales on Longboat Key for the last 12 months was 51% <$500K, 26% $500K – $750K, 10% $750K – $1 million & 13% >$1 million. 

            This year is starting out at about the same pace as last year and I expect the market to continue at the same pace that we’ve seen for the past five years that is at a 5%-6% equity increase.

THE GALLETTO TEAM of Island Real Estate, 6101 Marina Drive, Holmes Beach FL 34217.

For detailed charts see the entire newsletter on our website; www.AlanGalletto.com
Call Realtors ALAN and Scott GALLETTO 941.232.2216 and 941-779-3313

The post Alan & Scott- The GALLETTO Team Anna Maria Island, FL. Real Estate Newsletter February, 2016 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

West of Gulf Drive steps to Gulf of Mexico

Sales for September 2015 were up 11% over last year at 30 (SF-15, Con-11, Dup-3 & Lot-1) compared to September 2014 at 27 (SF-7, Con-9, Dup-8 & Lot-3). Sales for September 30, 2015 Y-T-D were 323 (SF-191, Con-95, Dup-17 & Lot-20) again up 10% over September 30, 2014 Y-T-D at 293 (SF-169, Con-79, Dup-29 & Lot-16). Sales for the last 12 months were 411 (SF-241, Con-122, Dup-22 & Lot-26) up 5% over the previous 12 months at 393(SF-219, Con-110, Dup-39 & Lot-25).  Of the sales for the last 12 months distressed properties were only 6% of the sales at 23 ( SF-14, Con-7, Dup-2 & Lot-0) compared to the previous 12 months where 8% or 33 ( SF-14, Con-9, Dup-9 & Lot-1) were distressed. Currently there are only 2 distressed properties on the market or .7% of the inventory of 257 (SF-132, Con-77, Dup-22 & Lot-26) for sale on the island.  Pended properties (properties under contract) continue to remain strong at 37 (SF-21, Con-10, Dup-4 & Lot-2) up from 29 last month. Inventory on the island has stayed pretty low and steady at under 300 for the past sixteen months. It currently is at 257 up a little from 242 last month.

Since last month’s Frank, Scott & Al’s Great Buy’s we have added a few new properties for you to review.  The property at 2814 Gulf Dr. is a 3 unit condo with two 2 bedroom/1 baths units and one 1 bedroom/1 bath unit.  There is a good size common pool and a backyard access to 29th St and one house to the beach. We are also previewing another 4 unit condo with a cocktail pool which will be listed within the next couple weeks.  These are all 1 bedroom/1 bath units in the low to mid $200K’s.  There have been two reduction in prices since last month.  103 75th St, a 4 bedroom/4 bath one house from the beach, was reduced from $1,659,000 to $1,499,900 and 9935 Manatee Ave. (Palms at Palma Sola Condo) a 3,908 sq. ft. unit with two boat docks and one lift, was reduced from $779,900 to $729,900.  Another property that was reduced this week was 629 Key Royale Drive, a direct bay front which was at $1,499,000 and just reduced to $1,399,000.  The lot there is worth $1.2 million.

To summarize the island market, sales in 2015 continue to run ahead of 2014.  Again if you look at September 30, 2015 Y-T-D sales at 323 (SF-191, Con-95, Dup-17 & Lot-20) they are up 10% compared to September 30, 2014 Y-T-D sales at 293 (SF-169, Con-79, Dup-29, Lot-16).  We continue to match or exceed the great sales years in 2012-2014 which had 431, 409 & 381 properties sold respectively. We are still on track to again in 2015 have sales in the 400 range.  Single family sales continue at historic highs and for the last three years, continue to be higher than the peak year of 2005.  There are currently 132 single family homes for sale on the island with an average and median sale price of $1,315,143 and $1,199,000 respectively.  Also there are currently 77 condos for sale on the island with an average and median sale price of $655,716 & $495,000 respectively.  The distribution of sales of single family homes Y-T-D were 23% <$500K, 45% $500K-$750K, 18% $750K-$1Million and 14% >$1 Million.  The distribution of sales of Condo’s Y-T-D were 80% <$500K, 15% $500K-$750K, 2% $750K-$1 Million and 3% >$1 Million. All the trends still continue to point to moderately rising prices and lower inventory levels.

I thought you may like to see some comparison to the Longboat Key market since it’s so close. Longboat Key currently has 277 properties for sale (SF-108, Con-133, Dup-3 & Lots-33).  There are 57 properties pended (under contract) (SF-22, Con-32, Dup-0 & Lot-3). Of the single families currently for sale the average and median sale prices are $1,938,150 and $1,069,500 respectively. Of the Condos currently for sale the average and median sale prices are $1,029,311 and $699,000 respectively.  As you can see the single family average and median sale prices are higher on Anna Maria than Longboat Key and the Condo average and median sale prices are higher on Longboat Key than Anna Maria. Longboat Key has more condos with a bigger price spread due to the high rises on Longboat.

Click back on the NEWSLETTER  www.Alangalletto.com to see all charts comparing Real Estate Sales on Anna Maria Island, including Bradenton Beach and Holmes Beach FL.

Call Realtors ALAN and Scott GALLETTO 941.232.2216 and 941-779-3313

The post Alan & Scott – The GALLETTO Team Anna Maria Island, FL. Real Estate Newsletter October 2015 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.