2bedroom / 2 bath on one side and 1/1 on other.

Anna Maria Island real estate sales continue to get stronger each month in 2020.  Sales for the month of October continue to be this year in the highest range we have seen since 2005.  I think sales for 2020 will end the year in the 500 range, the highest yearly sales ever recorded.  Also the Inventory continues to remain the lowest I’ve seen in the last 25 years so the sales have not slowed down.  Sales for October 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 64 (SF-39, Con-20, Dup-3 & Lot-2) up 291% above October 2019 at 22 (SF-13, Con-6, Dup-2 & Lot-1).  Sales for October 2020 Y-T-D were 451 (SF-258, Con-145, Dup-24, Lot-24) up 146% above October 2019 Y-T-D at 308 (SF-193, Con-91, Dup-17, Lot-7).  Sales for the last 12 months were 418 (SF-302, Con-161, Dup-31 & Lot-24) up 120% above the previous 12 months at 349 (SF-220, Con-105, Dup-17 & lot-7).   The inventory continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-six of the last thirty-four months and thirteen of the last sixteen months.  Inventory is currently at only 155

(SF-85, Con-54, Dup-8 & Lot-8).  Inventory for the previous thirty-four months were 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 September Y-T-D were up 37% above 2019 September Y-T-D and the current inventory is down 46% from 2019 at this time.

As I said last month 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’s a sellers’ market.  Call or email me for an opinion of value today (941) 232-2216 or alan@alangalletto.com.

Since last month’s newsletter there again has been a lot of activity.   214 66^th St.  HB, closed for $475,000, and the property at 2301 Gulf Dr.#104  BB just went under contract and we put 747 Jacaranda Rd. AM under contract as well, two houses to 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.  4bedroom/4bath 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 Tampa Bay then look at the home at 705 Key Royale Dr. HB  a 3-5 bedroom/ 3bath 1993 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 first ten months of 2020, sales were 146% above the first ten months of 2019.  The inventory continues to drop and be the lowest I’ve seen it in 25 years, at 155 down from 162 & 175 the last two months.  Pended properties (properties under contract) continue to stay strong at 85 (SF-43, Con-35, Dup-4 & Lot-3) close to last month at 94 and in the middle of the previous four months at 112, 92, 71 & 42.  Distressed properties continue to be non-existent as they have been for the last couple of years with none in the current inventory and only two in the last twenty-five months.  The distribution of the single family properties currently for sale on AMI continues to skew to the high end with only 5% or (4) <$750K, 13% or (11) between $750K and $1 million, 38% or (32) between $1 million and $2 million and 44% or (37) over $2 million.  The distribution for Condos currently for sale on AMI is 34% or (18) <$500K, 26% or (14) $500K-$750K, 22% or (12) $750K – $1 million and 18% or (10) >$1 million.  You can see that 95% of the single-family prices are over $750K and 85% are over $1 million while 34% 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 85  single family homes the lowest priced property is $515,000 (a 2br/1bath half-duplex at 205 #B 71^st St and the highest is again $6,800,000 a 3/4 acre gulf front complex built in the 1940’s but totally remodeled at 103 79^th St.  Of the current inventory of 58 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $229,500 and the highest $2,199,000 a 3br/3bath direct gulf front Vista Grande unit. BTW; the Rental department estimates this unit could gross about $125k.  The prices for single family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,154,228 and the median list price is $1,799,900 and for condos, the average list price is $754,099 and the median list price is $592,000.

Longboat Key current inventory has for the sixth month dropped down again significantly to 172 (SF- 56, Con- 96, Dup- 1 & Lot- 19) the lowest it’s been in the last sixteen months 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 56 single family homes, the average list price is $2,661,514 and the median list price is $1,647,000.  For the 96 condos for sale, the average and median list prices respectively are $1,201,667 & $755,000.

Hope you are enjoying the fall weather. Keep those calls and e-mails coming.

Please, continue to stay safe!

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

Click  HERE for 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 news November, 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

GULF VIEW HOME 2912 AVE E, HOLMES BEACH MAKES GREAT RENTAL OR HOME

Sales continue to run strong through August 2020.  Sales for the month of August were again in the highest range we have seen since the 1990s.  Also, the Inventory has dropped again this month and is the lowest I’ve seen in the last 25 years so we continue to be in a sellers’ market.  Sales for August 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 53 (SF-27, Con-20, Dup-3 & Lot-3) up 96% above August 2019 at 27 (SF-21, Con-5, Dup-0 & Lot-1).  Sales for August 31, 2020 Y-T-D were 311 (SF-175, Con-101, Dup-18, Lot-17) up 18% above August 31, 2019 Y-T-D at 264 (SF-169, Con-75, Dup-14, Lot-6).  Sales for the last 12 months were 422 (SF-243, Con-133, Dup-28 & Lot-18) up 23% above the previous 12 months at 342 (SF-217, Con-103, Dup-16 & lot-6).   The inventory at 196 is the lowest it’s been in 25 years and continues to be below 300 for twenty-four of the last thirty-two months and twelve of the last fourteen months.  Inventory is currently at only 175 (SF-89, Con-67, Dup-9 & Lot-10).  Inventory for the previous thirty-two months were 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 has hit a new low for this market.  Single family sales for Manatee County August Y-T-D were up 27% above 2019 August Y-T-D and the current inventory was down 30% from 2019 at this time.  Single family sales for Sarasota County August Y-T-D were up 22% while the inventory is down 34% compared to 2019 at this time.  Condo sales in Manatee County for August 2020 Y-T-D was up 17% over last year while the inventory was down 4%.  Condo sale for Sarasota County for August 2020 Y-T-D was up 31% over last year and the inventory was down 12%.

As I said last month 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’s a seller’s market.  Call or email me for an opinion of value today (941) 232-2216.

Since last month’s newsletter, there has been a lot of activity.   1001 Gulf #3 BB, closed for $420,000, and the property at 113 Palm AM  closed for $925,000, 319 64^th St HB closed for $750,000 and 129 52nd St HB  closed for $1,275,000.  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.  4bedroom/4bath 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  147 50^th St HB Just became available.  A four-minute walk to the beach with a private pool, spa and waterfall feature, this is a great location for a great rental.  Call us to see the FANTASTIC rental income.  If you want to be directly on the Gulf then look at the condo at 5622 Gulf Dr. HB  a 3 bedroom/ 3bath 1993 sq. ft condo built in 2007 with all the amenities you would expect.  The rental department estimates this unit could gross about $125k.   If you want to see this or any unit just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the first eight months of 2020, sales were 18% above the first eight months of 2019.  The inventory continues to be the lowest I’ve seen it in 25 years, at 175 down from 196 last month.  Pended properties (properties under contract) continue to stay strong at 104 (SF-65, Con-29, Dup-5 & Lot-5) close to last month at 112 and above the previous three months at 92, 71 & 42.  Distressed properties continue to be non-existent as they have been for the last couple years with none in the current inventory and only two in the last twenty-four months.  The distribution of the single family properties currently for sale on AMI continues to skew higher with only 2% or (2) <$500K, 4% or (4) 500K-750K, 11% or (10) between $750K and $1 million, 39% or (35) between $1 million and $2 million and 44% or (38) over $2 million.  The distribution for Condos currently for sale on AMI is 43% or (29) <$500K, 30% or (20) $500K-$750K, 12% or (8) $750K – $1 million and 15% or (10) >$1 million.  You can see that 94% of the single-family prices are over $750K and 83% are over $1 million while 43% 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 89 single family homes, the lowest priced property is still $499,000 (a 2br/2bath, 1456 sq. ft. home at 2704 Ave B) and the highest is again $6,800,000 a 3/4 acre gulf front complex built in the 1940s but totally remodeled.  Of the current inventory of 67 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $214,900 and the highest $2,295,000 again the 3br/3.5bath direct gulf front Palm Gables unit.  The prices for single family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,123,974 and the median list price is $1,799,000 and for condos, the average list price is $664,799 and the median list price is $535,000.

Longboat Key current inventory has for the fourth month dropped down again significantly to 199 (SF- 66, Con- 110, Dup- 2 & Lot- 21) the lowest it’s been in the last fourteen months 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 66 single family homes, the average list price is $2,417,844 and the median list price is $1,399,000.  For the 110 condos for sale, the average and median list prices respectively are $799,212 & $590,000.

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

Please, continue to stay safe!

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

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

2/2 on one side and 1/1 on other.  Close to Anna Maria Island Beaches

Although the Coronavirus has slowed sales through the first half of the year versus the first six months of 2019 I expect sales for the year 2020 to equal or exceed 2019.  Sales in June 2020 were down over sales for June 2019.  Inventory continues to be very low (well under 300) which continues to support the upward pressure on pricing.  We’ll continue to keep you informed if anything that significantly changes relative to the AMI market.  Sales for June 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 37 (SF-22, Con-10, Dup-1 & Lot-4) down 20% below June 2019 at 46 (SF-25, Con-17, Dup-4 & Lot-0).  Sales for June 30, 2020 Y-T-D were 194 (SF-102, Con-68, Dup-11, Lot-13) down only 7% below June 30, 2019 Y-T-D at 208 (SF-128, Con-62, Dup-13, Lot-5).  Sales for the last 12 months were 361 (SF-211, Con-113, Dup-22 & Lot-15) down 3% below the previous 12 months at 371 (SF-225, Con-116, Dup-24 & lot-6).   The inventory at 230 continues to be below 300 for twenty-two of the last thirty months and ten of the last twelve months.  Inventory is currently at only 230 (SF-132, Con-72, Dup-10 & Lot-16).  Inventory for the previous thirty months were 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 continues to be historically low and well below average for this market.

Since last month’s newsletter 1910 Bay Dr. N closed for $606,250.  5614 Guava, HB, is still under contract and should close in August. 5823 21^st St E. Bradenton which was under contract fell through because the buyer could not qualify for financing.  The property at 661 Key Royale Drive which was taken off the market, went under contract since the last newsletter and is due to close in August.  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 at 129 52^nd St. HB.  Is still available.  West of Gulf Drive, 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 still available condo at 5622 Gulf Dr.  a 3 bedroom/ 3bath 1993 sq. ft condo built in 2007 with all the amenities you would expect.  Rental department estimates this unit could gross about $125k.   If you want to see this or any unit just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the first six months of 2020, sales were 7% below the first six months of 2019.  Again we expected sales to slow down because of the corona virus but they seem to be hanging in there.  The inventory continues to remain in the low range, as shown above, at 230, it’s the lowest it’s been in the last year and a half which means it’s putting upward pressure on prices.  Pended properties (properties under contract) continue to grow stronger at 92 (SF-41, Con-63, Dup-1 & Lot-7) well above last month at 71 and the previous month at 42.  This bodes well for sales to continue to stay strong over the next several months.  Distressed properties continue to be non-existent as they have been for the last couple years with none in the current inventory and only two in the last twenty-two months.  The distribution of the single family properties currently for sale on AMI continuing higher with only 2% or (3) <$500K, 8% or (11) 500K-750K, 14% or (19) between $750K and $1 million, 40% or (52) between $1 million and $2 million and 36% or (48) over $2 million.  The distribution for Condos currently for sale on AMI is 56% or (40) <$500K, 30% or (21) $500K-$750K, 6% or (4) $750K – $1 million and 8% or (6) >$1 million.  You can see that again 90% of the single-family prices are over $750K and 76% are over $1 million while 56% of the condos were below $500K.  As you can see single family prices are going up much faster than condo prices.  Of the current inventory of 132 single family homes the lowest priced property is still $389,000 (a Seaside Gardens 2br/2bath) and the highest is again $7,995,000 a one acre gulf front complex built in the 1940’s but totally remodeled.  Of the current inventory of 72 condos the lowest priced is again this month a 1br/1bath Trade Winds condo at $214,900 and the highest $2,295,000 again the 3br/3.5bath direct gulf front Palm Gables unit.  The prices for single family homes continue to move up while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,002,807 and the median list price is $1,690,000 and for condos the average list price is $587,428 and median list price is $480,000.  Condos have gone down while single families have gone up.

Longboat Key current inventory has again dropped down significantly to 275 (SF- 94, Con- 153, Dup- 3 & Lot- 25) the lowest it’s been in the last twelve months at 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 94 single family homes the average list price is $2,257,609 and the median list price is $1,197,000.  For the 153 condos for sale the average and median list prices respectively are $806,547 & $635,000.

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

Please, continue to stay safe!

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

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate

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— https://www.annamarialuxuryrealestate.com/wp-content/uploads/2020/08/JULY2020NL.pdf

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

Vista Grande 3/3 Luxury Gulf front Penthouse condo Anna Maria Island

      The Corona Virus has brought Real estate showings in the market to almost a standstill and that includes Anna Maria Island. We see buyers pausing their pursuit of homes and a slight continuation of temporary withdrawing of listings (mainly so as not to accumulate additional days on the market). 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 if anything significantly changes relative to the Corona Virus.

Sales for March 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 34 (SF-14, Con-14, Dup-2 & Lot-4) up 6% above March 2019 at 32 (SF-20, Con-9, Dup-3 & Lot-0) continuing the rise in sales.  Sales for March 31, 2020 Y-T-D were 102(SF-56, Con-35, Dup-5, Lot-6) up 34% above March 31, 2019 Y-T-D at 76 (SF-49, Con-21, Dup-5, Lot-1).  Sales for the last 12 months were 403 (SF-244, Con-123, Dup-24 & Lot-12) up 7% above the previous 12 months at 376 (SF-219, Con-126, Dup-23 & lot-8).   The inventory has dropped below 300 again at 274 after being below 300 for nineteen of the last twenty-seven months and six of the last nine months.  Inventory is currently at 274 (SF-158, Con-85, Dup-12 & Lot-19).  Inventory for the previous twenty-seven months were 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 is pretty much the same as last month with the exception that several properties have reduced their price.  For the ULTIMATE new modern Tampa Bay Front home see 661 Key Royale.  It has it all, with an “OMGoodness” to be sure. 4+ bedrooms and 5 Baths with 7000 sq. feet of FLORIDA under “roof” living area. 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 almost on the Gulf then look at the recently reduced 103_47TH_ST. HB  a remodeled 1940’s 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.  When this cottage was remodeled by Moss Builders in 2009 Jim told me he found a bunch of 1944 newspapers in the garage…..welcome to WWII news.   Call us for more information on these or other real estate opportunities.  We can put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market for the 1^st quarter of 2020, sales were 34% above the 1^st quarter of 2019 but we expect the 2^nd quarter to slow down an 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 274 which means there is not any immediate downward pressure on prices.  Pended properties (properties under contract) continue to be decent at 39 (SF-18, Con-13, Dup-7 & Lot-1) below last month at 53 but 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 one distressed property currently for sale on the island (a bank owned condo) and only two in the last nineteen months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much over the last year with only 3% or (5) <$500K, 16% or (23) 500K-750K, 17% or (26) between $750K and $1 million, 40% or (60) between $1 million and $2 million and 24% or (36) over $2 million.  The distribution for Condos currently for sale is 52% or (41) <$500K, 33% or (26) $500K-$750K, 8% or (6) $750K – $1 million and 7% or (7) >$1 million.  You can see that again 81% of the single-family prices are over $750K and 64% are over $1 million while 52% of the condos were below $500K.  This distribution of single-family prices and condo prices have continued to inch up over the past year or so.  Of the current inventory of 182 single family homes the lowest priced property is still $249,000 (seaside gardens 1br/1bath again) and the highest is at $6,850,000 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 again this month a 2br/1bath Bay View Terrace condo at $214,500 and the highest $2,300,000 a 3br/3.5bath gulf front Palm Gables unit.  The highs and lows for single family and condos continue to remain unchanged.  Of the single-family properties currently for sale on AMI, the average list price is $1,674,193 and the median list price is $1,399,000 and for condos the average list price is $574,605 and median list price is $499,000 not much change from last month.

Longboat Key current inventory has popped up a little again to 388 (SF- 135, Con- 224, Dup- 2 & Lot- 27) about the middle of the last nine months at 388, 378, 364, 354, 309, 309, 274, 289,359 but lower than the previous six months at  386, 404, 442, 461, 455, 452. Of the current inventory of 126 single family homes the average list price is $2,191,668 and the median list price is $1,295,000.  For the 213 condos for sale the average and median list prices respectively are $739,570 & $575,500.

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

Click here for full 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 April 2020 PANDEMIC * Anna Maria Island, FL; Real Estate appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

3/2.5 incredible space under house too.

Sales on Anna Maria Island for September 2019 ran well above sales for September 2018 for the first month this year.  Sales for September 2019 for Anna Maria City, Holmes Beach and Bradenton Beach were 22 (SF-11, Con-10, Dup-1 & Lot-0) up 38% above September 2018 at 16 (SF-8, Con-6, Dup-2 & Lot-0).  Sales through September 30, 2019 Y-T-D were 286 (SF-180, Con-85, Dup-15 & Lot-6) down only 15% below September 30, 2018 Y-T-D at 335 (SF-194, Con-109, Dup-23 & lot-9) compared to the last two months year to date when we were down 15% so you can see the year to date difference between 2019 and 2018 has been leveling off.   The inventory has dropped down again this month and has been below 300 for eighteen of the last twenty-two months.  Inventory is currently at 279 (SF-154, Con-88, Dup-20 & Lot-17).  Inventory for the previous twenty-two months were 282, 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 primarily because the inventory continues to be low and buyers are not finding what they want to buy so they wait until it comes on the market.  Sales are still healthy for this market.  Average sales for the last 15 years which includes 2004 and 2005 (the peak sales years) were 340.  If you exclude the two peak years average sales for the last 13 years were 325.  Based on the current trajectory 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 duplex with a pool, steps to the beach, use one side and rent the other or rent both sides, then          3604 Gulf Dr. is for you.  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, deep water minutes to Tampa Bay or the intercostal; there is a MIL suite on ground level.  If you want a great rental… another great property is 129 52^nd St. HB.  west of Gulf Drive and a block from the beach 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 new 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 nine months of 2019 sales continue to run slower than the previous 5 years and Pended properties (properties under contract) jumped up this month again from 36 to 48 (SF-36, Con-11, Dup-0 & Lot-1) well above last two months which bodes well for a strong closing of the year.  Distressed properties continue to be non-existent with one bank owned 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 (6) <$500K, 17% or (26) 500K-750K, 18% or (28) between $750K and $1 million, 34% or (52) between $1 million and $2 million and 27% or (42) over $2 million.  The distribution for Condos currently for sale is 60% or (53) <$500K, 25% or (22) $500K-$750K, 6% or (5) $750K – $1 million and 9% or (8) >$1 million.  You can see that again 79% of the single-family prices are over $750K and 61% are over $1 million while 60% of the condos were below $500K.  This distribution of single family prices and condo prices haven’t changed much and has continued to remain about the same for over a year.  Of the current inventory of 154 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 88 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 $1,633,868 and the median list price is $1,495,000 and for condos the average list price is $563,399 and median list price is $437,000.

Longboat Key current inventory is 309 (SF- 105, Con- 176, Dup- 2 & Lot- 26) higher than the last two months at 274, 289 but lower than the last eight months at 359, 386, 404, 442, 461, 455, 452, 314. Of the current inventory of 105 single family homes the average list price is $2,167,281 and the median list price is $1,299,000.  The lowest priced single-family home on Longboat Key is $294,000 (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 176 condos for sale the average and median list prices respectively are $838,465 & $583,850 with the lowest $160,000 (a 2BR/1bath La Playa 699 sq. ft. unit) and the highest $7,495,000 (a 4BR/3.5 bath 4,912 sq. ft. gulf front unit at L’Ambiance).

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 October, 2019 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Pristine 3 bedroom 2.5 bath home on Canal with new dock, lift and fabulous back yard

Two months into 2017 looks a lot like the beginning of 2016.  February 28, 2017 Y.T.D. Anna Maria Island property sales were; 47(Single Family Homes (SF)- 22, Condos (Con)-21, Multi-Family homes, aka, Duplex (Dup)-2, & Vacant lots (Lot)-2) which is even with  February 29, 2016 Y.T.D. at 47 (SF-23, Con-15, Dup-6 & Lot-3).

Sales in February 2017 for Anna Maria City, Holmes Beach and Bradenton Beach were 25 (SF-11, Con-11, Dup-1 & Lot-2) up 47% over February 2016 at 17 (SF-8, Con-7, Dup-0 & Lot-2).  The last 12 months sales (Mar 1, 2016 to Feb 28, 2017) were 361 (SF-211, Con-115, Dup-20, Lot-15) down 9% from the previous 12 months (Mar 1, 2015 to Feb 29, 2016) at 396 (SF-222, Con-124, Dup-27 & Lot-23).  Of the last 12 months sales only .6% or 2 (SF-2, Con-0, Dup-0 & Lot-0) were distressed properties (bank owned or short sales) compared to 4% or 15 (SF-8, Con-6, Dup-1 & Lot-0) in the previous 12 months (Mar 1, 2015 to Feb 31, 2016).  Inventory continues to run well below the normal of 450-500.  Inventory is currently at 310 (SF-178, Con-93, Dup-26 & Lot-13).  Inventory for the previous six months were 290, 298, 314, 303, 308, 343.  The inventory hasn’t been below 300 since 2005 the peak year for prices.

Two new properties on Frank, Scott & Al’s Great Buy’s list since last month, 114 Elm Ave. and 119 Neptune Ln. are also great rentals each doing about $130,000 to $140,000/year in gross annual rental income.  The property at 3603 4^th Ave, a 3BR/3bath single family, three houses to the beach has been reduced to $959,000 is still a great rental and it does $85,000 in gross annual rental income.  The property just off the island 9931 Manatee Ave. Bradenton a 2,376 square foot, 3 bedroom 3 bath condo with boat dock and lift a great Palma Sola Bay View just went under contract.  Call me for more information on these or other real estate opportunities.

To summarize Anna Maria Island market for the first two months of 2017 started off neck and neck with 2016.  Pended properties continue to be strong remaining well above the average.  Pended properties (properties under contract) are at 65 (SF-42, Con-15, Dup-0 & Lot-8).   Distressed properties continue to be non-existent with no distressed properties for sale on the island in the last three months and only one currently a bank owned condo at Sunbow Bay.

The current inventory of 178 single family homes the average sale price is $1,359,110 and the median sale price is $1,154,000.  The lowest price single family home on the island is currently $289,900 and the highest price $4,995,000.  For the 93 condos for sale the average and median prices respectively are $584,663 & $469,000 with the lowest $189,000 and highest $1,999,000.

Longboat Key current inventory is 469 (SF- 137, Con- 298, Dup- 0 & Lot- 34) up dramatically from 304 last month and 314, 336, 345 and 374 the four previous months.  Of the current inventory of 137 single family homes the average sales price is $2,240,167 and the median sale price is $1,347,000.  The lowest priced single family home on the island is $289,000 and the highest is $26,500,000.   For the 298 condos for sale the average and median prices respectively are $805,485 and $599,000 with the lowest $199,999 and highest $3,650,000.  Pended properties on Longboat Key are 86 (SF-25, Con-59, Dup-0 & Lot-2) up from last month at 45 and 54, 49, 62 and 86 the previous four months.  Distressed properties on Longboat Key are only 3 all condo’s 1 bank owned and 2 short sales.

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

See the March 2017 NEWSLETTER at AnnaMariaLuxuryRealEstate.com for detailed charts and facts on Anna Maria Island Real Estate for sale.
941-232-2216 ALAN
SCOTT 941.779.3313
#AnnaMariaLuxuryRealEstate #WaterfrontRealEstate #BuyAHomeOnAnIsland  #LuxuryRealEstate

The post Real Estate Newsletter March 2017 GALLETTO Team Al and Scott Anna Maria Island, FL. appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Ask Anna Maria Luxury Real Estate Galletto Team Consultants 1st

Sales on Anna Maria Island for 2016 ended below 2015 but still a good year.  December 31, 2016 Y-T-D AMI sales were 361(SF-212, Con-109, Dup-24, & Lot-16) down 11% from December 31, 2015 Y-T-D at 407 (SF-230, Con-128, Dup-25 & Lot-24).

Sales in December 2016 for Anna Maria City, Holmes Beach and Bradenton Beach were 28 (SF-15, Con-12, Dup-1 & Lot-0) down 18% below December 2015 at 34 (SF-16, Con-14, Dup-3 & Lot-1).  Of the 2016 sales only .6% or 2 (SF-2, Con-0, Dup-0 & Lot-0) were distressed properties (bank owned or short sales) compared to 5% or 22 (SF-12, Con-8, Dup-2 & Lot-0) for 2015.  Although we’re running 14% behind last year in sales, we are closing the gap on 2015 which was a very good year for sales.  The low inventory is the primary reason we ran behind 2015 in sales but it looks like inventory is starting to move up again.  Inventory is currently at 325 (SF-182, Con-98, Dup-23 & Lot-22).  Inventory for the previous five months were 290, 298, 314, 303, 308.  The inventory the last two months was below 300 but other than that it hasn’t been below 300 since 2005.

There is something for everybody on Frank, Scott & Al’s Great Buy’s list this month.  The properties at 117 Willow Ave ($1,395,000), 120 Neptune ($1,995,000) and 103 81^st St ($2,499,900) are all in fantastic locations and are great rentals.  If you don’t mind being just off the island 9931 Manatee Ave. Bradenton a 2,376 square foot, 3 bedroom 3 bath condo with boat dock and lift a great Palma Sola Bay View.  Call me for more information on these or other real estate opportunities.

To summarize the Anna Maria Island market for 2016, we ended up 11% below 2015 but it was still a very strong sales year as you can see from the charts below.  Pended properties continue to be strong and still well above the average.  Pended properties (properties under contract) are at 38 (SF-17, Con-17, Dup-3 & Lot-1).   Distressed properties continue to be non-existent with no distressed properties for sale on the island in the last four months.  The distribution of the single family sales on AMI for 2016 hasn’t changed much with  17% <$500K, 33% 500K-750K, 16% between $750K and $1 million and 34% over $1 million.  The distribution for Condo sales for 2016 also hasn’t changed much and was 80% <$500K, 18% $500K-$750K, 2% $750K – $1 million and 0% >$1 million.  These percentages have been pretty consistent over the last year.  Of the single family properties sold in 2016, the average sale has been $940,435 and the median sale $767,500.  In 2015 the average sale for single family homes was $779,381 and the median sale was $630,000.  The current inventory of 182 single family homes the average sale price is $1,266,642 and the median sale price is $1,085,000.  The lowest price single family home on the island is currently $224,900 and the highest price $5,495,000.  For the 98 condos for sale the average and median prices respectively are $611,045 & $488,500 with the lowest $189,000 and highest $2,149,000.

Longboat Key current inventory is 437 (SF- 131, Con- 278, Dup- 1 & Lot- 27) up from 304 last month and 314,336 and 345 the three previous months.  Of the current inventory of 131 single family homes the average sales price is $2,234,778 and the median sale price is $1,439,500.  The lowest priced single family home on Longboat Key is $287,500 and the highest is $20,000,000.   For the 278 condos for sale the average and median prices respectively are $837,940 & $629,450 with the lowest $164,900 and highest $5,999,000.  Pended properties on Longboat Key are 54 (SF-21, Con-28, Dup-1 & Lot-4) up from last month at 44 and 54, 49 and 62 the previous three months.  Distressed properties on Longboat Key are only 3 (SF-0, Con-3, Dup-0 & Lot-0).

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

941.232.2216

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

#HouseHunting #HomeSale #AnnaMariaIsland #IliveWhereYouVacation #Paradise #Listing #BuyABeachHouse #FloridaWaterFrontHomes

The post Anna Maria Island, FL; Real Estate Newsletter January 2017 Al & Scott- The GALLETTO TEAM appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Gulf View, Gulf front Condo complex with 1 bedroom, 1 and half baths.

Happy New Year to all.  It’s hard to believe another year has almost gone by.  December’s Newsletter will be short due to the holidays but January’s will recap all of 2016.

Sales on Anna Maria Island through November 2016 picked up some steam.  November 30, 2016 Y-T-D AMI sales were 333(SF-197, Con-97, Dup-23, & Lot-16) down 11% from November 30, 2015 Y-T-D at 373 (SF-214, Con-114, Dup-22 & Lot-23).

Sales in November 2016 for Anna Maria City, Holmes Beach and Bradenton Beach were 30 (SF-18, Con-8, Dup-3 & Lot-1) up 30% over November 2015 at 23 (SF-8, Con-9, Dup-4 & Lot-2).  The last 12 months sales (Dec 1, 2015 to Nov 30, 2016) were 367 (SF-213, Con-111, Dup-26, Lot-17) still down 11% from the previous 12 months (Dec 1, 2014 to Nov 30, 2015) at 409 (SF-234, Con-129, Dup-22 & Lot-24).  Of the last 12 months sales only 1% or 5 (SF-3, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 5% or 21 (SF-13, Con-7, Dup-1 & Lot-0) in the previous 12 months (Sep 1, 2014 to Aug 31, 2015).  Although we’re running 11% behind last year in sales, I don’t think we will close the gap in December but we will eat away at some of that 11%.  Inventory has ticked up again this month.  Inventory is currently at 311 (SF-174, Con-82, Dup-14 & Lot-29).  Inventory for the previous five months were 290, 298, 314, 303, 308.

To summarize the Island market for the first eleven months of 2016, we continue to run behind 2015 but sales continue to be strong.  Pended properties continue to be strong and still well above the average.  Pended properties (properties under contract) are at 37 (SF-18, Con-18, Dup-1 & Lot-0).   Distressed properties continue to be rare with one single family short sale and one bank owned duplex.  Of the single family properties sold the first eleven months of 2016, the average sale price has been $945,011 and the median sale price was $790,000.  In the first eleven months of 2015 the average price for single family sales was $767,290 and the median sale price was $630,000.  The current inventory of 174 single family homes the average sale price is $1,295,820 and the median sale price is $1,087,000.  The lowest price single family home on the island is currently $315,000 and the highest price $5,995,000.  For the 92 condos for sale the average and median prices respectively are $608,326 & $479,000 with the lowest $189,000 and highest $2,149,000.

Longboat Key current inventory is 407 (SF- 127, Con- 245, Dup- 0 & Lot- 33) significantly up from 304 last month and 314,336 and 345 the three previous months.  Of the current inventory of 127 single family homes the average sales price is $2,300,273 and the median sale price is $1,450,000.  The lowest priced single family home on the island is $295,000 and the highest is $20,000,000.   For the 245 condos for sale the average and median prices respectively are $860,746 & $659,000 with the lowest $189,000 and highest $5,999,000.  Pended properties on Longboat Key are 46 (SF-17, Con-27, Dup-0 & Lot-2) down last month from 48 and 54, 49 and 62 the previous three months.  Distressed properties on Longboat Key are only 3, all condos (2 short sales and 1 bank owned).

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

#Beaches, #AnnaMariaIsland, #RealEstateForSaleOnAnIsland,  #AnnaMariaLuxuryRealEstate, #BeachHouse, #AnnaMariaRealEstate, #WaterFrontHomeForSale, #BradentonWaterfrontHomeForSale,  #luxuryrealestate, #buythebeachhouse, #realtyannamaria, #islandrealestate, #GallettoTeam, #AlanGalletto, #Bradenton, #FloridaWaterFrontHomes, #WineOnAnnaMariaIsland, #HappyDays

See http://www.AnnaMariaLuxuryRealEstate.com/  for the full Newsletter with all charts and figures for Anna Maria Island real estate sales.

Galletto Team TOP 1% of Realtors since 1999 Alan@AlanGalletto.com 941.232.2216

NOVEMBER 2015 VS. NOVEMBER 2016 STATS ON ANNA MARIA ISLAND

Jan 1, 2016 – Nov 30, 2016 SALES ON ANNA MARIA ISLAND

Jan 1, 2015 – Nov 30, 2015 SALES ON ANNA MARIA ISLAND

 SALES ON ANNA MARIA ISLAND 2002-2015

2015    2014    2013    2012    2011    2010    2009    2008    2007    2006    2005   2004    2003    2002 

SF          228        219       237     245      174      187      118      121        111        74     182     243       198      145

CON      128        106       120     126       126        94       84        57         71         45     186     101       118        82

DUP         27         34         26       27        16         23       10        26         10         15       53       70          31       33

LOTS      24         22         25       33        24         15        12          7            7            4       17        21           7        12

TOT       407       381       408      431       340      319      224     211      199       138      438     435       354     272

The post Newsletter December 2016 Al and Scott Galletto * Anna Maria Island, FL; Real Estate appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

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

Anna Maria Luxury Real Estate November 2016 Newsletter

    Sales on Anna Maria Island for 2016 looks to be on pace to end the year in the mid to high 300’s.  October 31, 2016 Y-T-D AMI sales were 303(SF-179, Con-89, Dup-20, & Lot-15) still down 14% from  October 31, 2015 Y-T-D at 350 (SF-206, Con-105, Dup-18 & Lot-21).

     Sales in October 2016 for Anna Maria City, Holmes Beach and Bradenton Beach were 21 (SF-9, Con- 10, Dup-0 & Lot-2) down 22% from October 2015 at 27 (SF-13, Con-10, Dup-3 & Lot-1). The last 12 months sales (Nov 1, 2015 to Oct 31, 2016) were 360 (SF-203, Con-112, Dup-27, Lot-18) down 13% from the previous 12 months (Nov 1, 2014 to Oct 31, 2015) at 406 (SF-236, Con-128, Dup-19 & Lot-23). Of the last 12 months sales only 1.7% or 5 (SF-3, Con-1, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 5% or 21 (SF-13, Con-7, Dup-1 & Lot-0) in the previous 12 months (Nov 1, 2014 to Oct 31, 2015). Although we’re running 14% behind last year in sales, we are still going to have a very good year. I still believe the low inventory is the primary reason we are running behind 2015 in sales. Inventory is currently at 301 (SF-164, Con-89, Dup-20 & Lot-28). Inventory for the previous five months were 290, 298, 314, 303, 308.
The inventory on Anna Maria Island hasn’t been below 300 since 2005.

     Two properties on Frank, Scott & Al’s Great Buy’s list which were under contract in last month’s
newsletter have closed. The property at 307 Clark in Holmes Beach closed at $675,000 and 308 2nd St N #202 closed at $229,000. The property at 3603 4th Ave, Holmes Beach, a 3BR/3bath single family, three houses to the beach listed at $999,900 is still a great rental and it does $75,000 in gross annual rental income. If you don’t mind being just off Anna Maria Island; 9931 Manatee Ave. in Bradenton listed at $524,900 is a 2,376 square foot, 3 bedroom 3 bath condo with boat dock and lift and a great Palma Sola Bay View . Call me for more information on these or other real
estate opportunities.

     To summarize the Anna Maria Island market for the first ten months of 2016, we continue to run behind 2015 but it looks like we will end the year at about 350 sales + or – which will be one of the top 5 years in sales in the last
ten. Pended properties continue to be strong and still above the average. Pended properties (properties under contract) are at 38 (SF-26, Con-12, Dup-0 & Lot-0). Distressed properties continue to be almost non-existent with two distressed properties for sale on the island, one single family property and one multi-family property.

     The distribution of the single family sales on Anna Maria Island over the last 12 months still hasn’t changed much with 18% <$500K, 32% 500K-750K, 16% between $750K and $1 million and 34% over $1 million. The distribution for Condo sales over the last 12 months also hasn’t changed much and was 84% <$500K, 13% $500K-$750K, 3% $750K – $1 million and 0% >$1 million. These percentages have been pretty consistent over the last year. Of the single family properties sold the first ten months of 2016, the average sale has been $926,712 and the median sale $765,000. Of the condos sold in the first ten months of 2016 the average sale price was $374,978 and the median sale price was $325,000. In the first ten months of 2015 the average sale for single family homes was $759,954 and the median sale was $627,500. Of the condos sold in the first ten months of 2015 the
average sale price was $394,398 and the median sale price was $359,000. The current inventory of 164 single family homes the average list price is $1,284,733 and the median sale price is $1,060,000. The lowest price single family home on the AMI is currently $324,000 and the highest price $5,995,000. For the 89 condos for sale the average and median list prices respectively are $622,195 & $504,450 with the lowest $189,000 and highest $2,149,000.

     Longboat Key current inventory is 389 (SF- 129, Con- 226, Dup- 2 & Lot- 32) up from 304 last month and 314, 336 and 345 the three previous months. Of the current inventory of 129 single family homes the average list price is $2,329,548 and the median list price is $1,395,000. The lowest priced single family home on Longboat Key is $299,500 and the highest is $20,000,000. For the 226 condos for sale the average and median list prices respectively are $838,988 & $625,000 with the lowest $164,900 and highest $5,999,000. Pended properties on Longboat Key are 47 (SF-15, Con-31, Dup-0 & Lot-1) down last month from 48 and 54, 49 and 62 the previous three months. Distressed properties on Longboat Key are only 5 (SF-2, Con-3, Dup-0 & Lot-0).

   We are running about 14% in Anna Maria Island sales behind 2015 which ended with sale of 407 but we are still going to end the year with very strong sales.

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

Frank, Scott & Al’s GREAT BUYS

GREAT ENTRY LEVEL ISLAND PROPERTIES:
1. Four unit condo totally remodeled (308 2nd St N – Unit #201 closed for $230K)
There are two units (102 & 202) under contract & one ground floor unit (101) available listed at
$239K. All were recently remodeled with a new cocktail pool. Great entry level units.

GREAT LOCATION & POTENTIAL RENTAL:
1. 3603 4th Ave Holmes Beach-$999,900 (back on the market)
Great location, 2 houses to the beach, this 3 bedroom/3 bath, 2376 sq. ft. totally remodeled home
has an elevator, roof top deck with panoramic views of the Gulf, intercostal and Skyway Bridge
with a very open floor plan. Private backyard and pool with lush landscaping. It does about
$75K a year in Gross annual rental.
2. City of Anna Maria Beach Home – 770 N Shore Dr. $1,159,000
This 3 bedroom/2 bath, 1,512 square foot beach cottage is steps to the beach with the beach access
just across the street. Totally remodeled with a private cocktail pool and high end finishes.
Would make a great rental or 2nd home.

JUST OFF ISLAND HOMES:
1. Bay Front Condo – 9931 Manatee Ave  Bradenton $524,900
Beautiful Palma Sola Bay Front Condo, 3 bedrooms/3 baths, 2,376 square feet, 2 car garage,
private elevator with boat dock and lift. Community pool and great bay views
2. Bay Front Home – 3304 Palma Sola Blvd. Bradenton $1,299,000
Exclusive 4,000 square foot, 4 bedroom/3.5 bath, home has 180-degree view of Palma Sola Bay.
Designed with maximum water views, privacy and outdoor access in mind. 4 car garage and
Elevator shaft in place.

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

To see all charts for Anna Maria Luxury Real Estate CLICK November 2016 Newsletter

#Beaches
#AnnaMariaIsland
#RealEstateForSaleOnAnIsland
#AnnaMariaLuxuryRealEstate
#BeachHouse
#AnnaMariaRealEstate
#WaterFrontHomeForSale #BradentonWaterfrontHomeForSale

The post Real Estate Newsletter November 2016 GALLETTO Team Al and Scott Anna Maria Island, FL. appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

You can own business property in the City of Anna Maria right on GULF DRIVE call Al

Thru the end of April, 2016 Y-T-D AMI real estate sales at 117 (SF-67, Con-32, Dup-11, & Lot-7) were down 28% from April, 2015 Y-T-D at 143 (SF-82, Con-44, Dup-6 & Lot-11). This is about where we were at the end of the first quarter, so we haven’t gained and are behind last year at about the same percentage.

Sales in April 2016 were 39 (SF-24, Con-10, Dup-2 & Lot-3) down 5% from April 2015 at 41 (SF- 21, Con-15, Dup-1 & Lot-4). The last 12 months sales (May 1, 2015 to April 30, 2016) were 381 (SF-213, Con-116, Dup-32, Lot-20) equal to the previous 12 months (May 1, 2014 to April 30, 2015) at 381 (SF-217, Con-110, Dup-29 & Lot-25). Of the last 12 months sales only 3% or 12 (SF-7, Con-4, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 6% or 23 (SF-12, Con-5, Dup-6 & Lot-0) in the previous 12 months (April 1, 2014 to March 31, 2015). Only one month in for the quarter but inventory is down and transactions are up creating a great absorption rate. Inventory is currently at 308 (SF-171, Con-90, Dup-21 & Lot-26). Inventory for the previous four months were 343, 342,328 and 309.

If you’re looking for investment properties to buy with a good return there are still some available. The property at 214 Fir, City of Anna Maria is a 3 BR/2 bath each side duplex, three houses to the beach listed at $1,499,900 is a great rental with a 7% return and does $185,000 in gross annual rentals.

Another great rental with a 6% return is 209 54th St. Holmes Beach FL.  It’s a newly built (2014) 8 bedroom/6 bath, 2,936 sq. ft. home a block to Anna Maria Beaches with peaks of the gulf and it does about $225,000 in gross annual rental and is listed at $2,300,000. Call me for more information on these or other properties.

Anna Maria Island Real Estate Summary

To summarize the market for the first five months of 2016 has started off a little slower than 2015 which at this point in time in 2014 had about the same number of sales. But if you look at pended properties they are well above the average which could mean a continued strengthening of sales as we continue through the year. Distressed properties continue to be non-existent and will continue to be so. There is currently still only one distressed single family property in the inventory. Pended properties (properties under contract) continue well above average at 79 (SF-55, Con-21, Dup-1 & Lot-2) up from 51 last month. The distribution of the single family sales on AMI over the last 12 months was 20% <$500K, 41% 500K-750K, 16% between $750K and $1 million and 23% over $1 million. The distribution for Condo sales over the last 12 months is 79% <$500K, 17% $5000K-$750K, 3% $750K – $1 million and 1% >$1 million. These percentages have been pretty consistent over the last year or so.

Longboat Key current inventory is 374 (SF- 136, Con- 200, Dup- 3 & Lot- 35) down from 387 last month. Pended properties on Longboat Key is 86 (SF-30, Con-56, Dup-0 & Lot-0) about equal to last months 87, and Distressed properties on Longboat Key are only 4 (SF-0, Con-4, Dup-0 & Lot-0). The distribution for single family home sales on Longboat Key for the last 12 months was 26% <$500K, 26% $500K – $750K, 20% $750 K – $1 million & 28% >$1 million. The distribution for Condo sales on Longboat Key for the last 12 months was 49% <$500K, 22% $500K – $750K, 11% $750K – $1 million & 18% >$1 million. The distribution of sale between single family and condos on Longboat Key have not changed much over the last year.

Again you can see from the charts in the full newsletter that average and median sale prices have both gone up for the last 12 months compared to the previous 12 months. Definitely a healthy market with sales high and inventory low.

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

For detailed charts and additional information about Anna Maria Island real estate for sale, view our full newsletter.

941-232-2216 ALAN
SCOTT 941.779.3313

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