Since last month, 50 properties went pended on AMI, SF -32, Condo -17, multi-family -1, and the lots -0.  The single families were listed between $599,000 and $5,500,000; the condos between $549,500 and $1,499,000; one multi-family at 2,500,000 and no lots.  Of the 145 single-family properties currently for sale, there are only 5 single-family properties under $1 million and only 29 between $1 Million and $2 Million the remaining range between $2,000,000 and $22,500,000.  

                        To summarize, the Anna Maria Island Real Estate Market sales for MAY 2023 were 21% lower than in MAY 2022.  The inventory is still in the lowest range it’s been in 20 years, at again only 205 (SF-145, Con-44, Dup-11, Lot-5) 47% higher than last month at 139 and still in the general range of the last 17 months at 139, 111, 143, 145, 94, 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 50 (SF-32, Con-17, Dup-1 & Lot-0) but lower than fourteen of the previous nineteen months at 17, 27, 28, 35, 59, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last forty-four months. The distribution of the 145 single-family properties currently for sale on AMI continues to skew to the high end with 2% (5) <$1 million, or 13% (26) between $1 million and $2 million and 19% or (39) between 2-3 Million and 66% or (135) over $3 million.  As I mentioned above the lowest price single-family home is 445 62nd St. HB listed at $479,900 for a 1bath, 616 sq. ft. Villa, no pool.  The highest-priced single-family home currently is at 104 Sunset Ln. AM listed at $22,500,000 newly built in 2023 6 BR 6 full baths 7,163 sq. ft. direct gulf-front with pool.  The distribution of the 44 Condos currently for sale on AMI is 16% or (7) <$500K, 55% or (24) $500K-$750K, 14% or (6) $750K – $1 million, and 15% or (7) >$1 million.  You can see that 98% of the single-family prices are still over $1 million while 85% of the condos were below $1 million and only 15% were over $1 million.  Of the current inventory of 44 condos the lowest-priced unit, this month is a 1br/1 bath Bay View Terrace Condo at 117 7^th St N. Unit 5 BB is listed at $,000 and the highest is a 4br/2 bath 1,366 sq. ft. Anna Maria Beach Cottages Condo at, 112 Oak Ave #112, AM listed at $1,690,000.  Again, the prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $3,601,181 and the median list price is $2,947,500, and for condos, the average list price is $829,740 and the median list price is $749,000.

Custom home on Anna Maria Island 2 homes away from the Gulf of Mexico.

                    This month Frank & Al’s best buy at 106 Beach Ave. AM  3452 sq. ft. 5BR/3.5 Bath home one back from the Gulf was in the Wall Street Journal mansions section!  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale, let us know what that is today!

                       Looking at the average sale price of single-family homes in Manatee County through May 2023 was up again .9% above May 2022 at $735,779 and the Median sale price was up 10.7% at $570,000 from May 2022. The current inventory of single-family has jumped up 169.5% at 1531 from 568 in May 2022 and Condos were up to 786 from 234 in May 2022.  The Pending sales of SF are up at 772 vs 593 in May 2022 and condos were up to 318 from 301 in May 2022. As far as you buyers… buying sooner is still better than later unless you are not going to buy for more than two years but I expect prices will only be going up not down.  Call (941) 232-2216 or email me at alan@alangalletto.com for an opinion on the value of the property you may want to sell, or for starting a search to find a property to buy today.

                              Longboat Key current inventory bumped up last month to 194 (SF- 65, Con- 115, Dup- 0 & Lot- 14)  and is still in the low end of the range it’s been in the last thirty-one months 137, 88, 92, 76, 48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 65 single-family homes, the average price is $3,630,383 and the median list price is $2,500,000.  For the 115 condos for sale, the average and median list prices respectively are $1,944,525 & $980,000.

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

Keep those calls and e-mails coming!

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

Review the entire Newsletter and charts HERE

Call Big Al directly at 941-232-2216    or email:  ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate   #HouseHunting    #BuyAHomeOnAnIsland 

#LuxuryRealEstate    #AnnaMariaIsland

The post Anna Maria Island real estate updates June 2023 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

3300 sq ft under air, 3 car garage, cabana, pool, and over 1/2 acre NW Bradenton, Priced under $1 million   Update the kitchen and baths to make it your home.

     Real estate sales on Anna Maria Island has slowed over the last month or so.  Sales for the month of September 2022 at 14 were 34% lower than August 2022 at 21.   Sales for September 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 14 (SF-6, Con-6, Dup-1 & Lot-1) compared to August 2022 at 21 (SF-11, Con-9, Dup-0 & Lot-1).  The inventory continues to stay in the low range it’s been at in the last couple of years and continues to be well below the average of 300 for 39 of the last 48 months.  Inventory is currently at only 111 (SF-80, Con-25, Dup-5, Lot-1) Inventory for the previous 48 months were 143 , 145, 94, 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales on the island continue to slow down slightly, and the inventory is slowly starting to increase but it’s still very low.

        Since last month there are currently 22 properties that went pended on AMI, SF -14, Condo -6, multi-family -2, and the lots -0.  The single families were listed between $929,000 and $5,995,000; the condos between $634,900 and $3,098,000; two multi-families at $1,349,000 and $1,495,000and no lots.  Of the 80 single-family properties currently for sale, there are only 3 single-family properties under $1 million and only 21 between $1 Million and $2 Million the remaining range between $2,000,000 and $12,000,000.  

       To summarize the Anna Maria Island Real Estate Market sales for September 2022 were 21% lower than September 2021.  The inventory is still in the lowest range I’ve seen it in 30 years, at again only 111 (SF-80, Con-25, Dup-5, Lot-1) 22% lower than last month at 143 but still lower than 7 of the last 15 months at 143, 145, 94, 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 22 (SF-19, Con-7, Dup-1 & Lot-1) but lower than the previous sixteen months at 28, 35, 59, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-nine months. The distribution of the 80 single-family properties currently for sale on AMI continues to skew to the high end with 3% (2) <$750K, 2% or (1) between $750K and $1 million, 26% or (21) between $1 million and $2 million and 33% or (26) between 2-3 Million and 36% or (29) over $3 million.  As I mentioned above the lowest price single family home is 451 62TH St. HB listed at $479,900 a 2BR/1bath, 832 sq. ft. property no pool.  The highest-priced single-family home currently is at 211 Haverkos CT. HB listed at $12,000,000 a newly built in 2018 5BR 5 full and 2 half baths bay front house.  The distribution of the 25 Condos currently for sale on AMI is 8% or (2) <$500K, 44% or (11) $500K-$750K, 24% or (6) $750K – $1 million and 24% or (6) >$1 million.  You can see that 95% of the single-family prices are over $1 million while 76% of the condos were below $1 million and only 24% over $1 million.  Of the current inventory of 25 condos the lowest-priced unit, this month is a 1br/1 bath Coquina Reef Condo at 204 Church St. #14 BB listed at $459,000 and the highest is again a 7br/6.5 bath 3,108 sq. ft. condo at, 2514 Avenue C unit  #B, BB listed at $2,900,000.  Again, the prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $3,218,555 and the median list price is $2,950,000 and for condos, the average list price is $876,692 and the median list price is $702,000.

This month Frank & Al’s best buy is a sleeper.  3604 Gulf Dr. is a 2BR/1bath both sides duplex with a pool 100 yards to the beach listed at $1,469,000.  As a duplex it does $60K-$65K rental total both sides.  If you convert it to a 4BR/2 bath single family that close to the beach,  it would do about $100K in rental income.  If you want to see any properties just call Lynn or I.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

Looking at average sale price of single-family homes and Condos in Manatee County through August 2022 was up again 33.5% above August 2021 at $404,094 and the Median sale price was up 28.2% at $352,495.  The current inventory has bumped up 120.6% at 481 from 218 in August 2021.  The Pending sales are at 215 vs 260 in August 2021. As far as you buyers… buying sooner is still better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion on the value of the property you may want to sell, or for starting a search to find a property to buy today.

Longboat Key current inventory dropped last month to 88 (SF- 38, Con- 39, Dup- 1 & Lot- 10)  and still in the low end of the range it’s been in the last twenty-nine months  92, 76, 48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 38 single family homes, the average price is $3,965,811 and the median list price is $2,722,500.  For the 39 condos for sale, the average and median list prices respectively are $1,367,231 & $899,000.

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

Keep those calls and e-mails coming!

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

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

941-232-2216    ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

The post Anna Maria Island, FL. Real Estate News October 2022 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Custom home 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.

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

Real estate sales on Anna Maria Island continue to slow down due mostly to low inventory.  Sales for the month of April 2022 at 40 were 60% lower than April 2021 at 70.  Even though sales are slowing, the Inventory continues to remain at the same level as it’s been for the last year or two.   It currently is at 94.  Sales for April 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 40 (SF-26, Con-9, Dup-4 & Lot-1) compared to April 2021 at 70 (SF-42, Con-23, Dup-1 & Lot-4).  As mentioned above, the inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 37 of the last 45 months.  Inventory is currently at only 94 (SF-65, Con-25, Dup-2 & Lot-2).  Inventory for the previous 45 months were 79, 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.   Sales have started to slow down, but the inventory has not started to build much yet.

Looking at Manatee County the average sale price of single-family homes and Condos through April 2022 was up again 31% over a year ago to $703,385 above April 2021 at $536,981 and the current inventory is down 7.7% at 431 from 467 in April 2021.  As I noted above, the average sale price of a single-family home in Manatee County is $703,385 and the median sales price is 525,000 and the Pending sales are at 705 vs 826 last year. Again.…. I CAN NOT say this strongly enough; for those of you thinking of selling within the next year or two now would be the time to put your property on the market while the inventory is shrinking.   As far as you buyers…buying sooner is better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at Alan@AlanGalletto.com  for an opinion on the value of the property you may want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there were 52 properties on AMI that went pended SF-15, Condo-36, multi-family- 0, and the lots- 1.  The single families were listed between $625,000 and $6,999,000; The condos between $429,000 and $4,125,000; The Multi-families between $1,200,000 and $1,499,100: and one lot at $649,000.  Of the 94 single-family properties currently for sale, there are only two single-family properties under $1 million ($949,000 and $960,000) and 22 over $4 Million ranging between $4,200,000 and $28,500,000.   We have left out Frank & Al’s best buys again this month since there is so little inventory, and it changes so fast.  If you have any questions or want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

        To summarize the Anna Maria Island Real Estate Market sales thru April 2022 were 60% lower than thru April 2021.  The inventory has begun to creep up but is still the lowest I’ve seen it in 30 years, at again only 94 (SF-65, Con-25, Dup-2, Lot-2) 20% up from last month but still lower than 6 of the last 12 months at 79, 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 58 (SF-31, Con-24, Dup-2 & Lot-1) at the low end from the previous fourteen months at 50, 55, 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-nine months. The distribution of the 63 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, 3% or (2) between $750K and $1 million, 9.5% or (6) between $1 million and $2 million and 28.5% or (18) between 2-3 Million and 59% or (37) over $3 million.  The highest-priced single-family home currently is $28,500,000, 102 48^th St. HB  a 1940, remodeled 3,892 10BR.7.5bath beach house directly on a gulf front lot.  The lowest-priced is 3007 Ave E unit A, HB listed at $949,000 a 2br/1bath, 700 sq. ft. Villa. The distribution of the 25 Condos currently for sale on AMI is 4% or (1) <$500K, 56% or (14) $500K-$750K, 16% or (4) $750K – $1 million and 24% or (6) >$1 million.  You can see that 97% of the single-family prices are over $1 million while 76% of the condos were below $1million and only 25% over $1 million.  Of the current inventory of 25 condos the lowest-priced unit, this month is a 1br/1bath Condo at 1603 Gulf Dr. #31 HB listed at $499,000 and the highest is a 4br/4 bath condo at L’Plage, 6430 Gulf Dr. #1 HB listed at $2,998,000 (reduced from last month).  The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $4,247,122 and the median list price is $3,425,000 and for condos, the average list price is $1,038,500 and the median list price is $749,900.   

         Longboat Key current inventory bumped up from where it was last month to 71 (SF- 30, Con- 36, Dup- 0 & Lot- 5)  still in the low end of the range it’s been in the last twenty-seven months  48, 41, 62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and still significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 30 single family homes, the average price is $3,986,533 and the median list price is $2,995,000.  For the 36 condos for sale on LBK, the average and median list prices respectively are $2,322,581 & $1,324,000.

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

Keep those calls and e-mails coming!

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

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

2 bedroom/ 1 bath on each side with shared pool

  Anna Maria Island Real Estate Sales continue to keep pace with 2021 but also continue to slow down because of low inventory.  Sales for the month of February 2022 were 30% over February 2021 at 35.  The Inventory has not significantly changed from last month and is currently at 79.  Sales for Feb 2022 for Anna Maria City, Holmes Beach, and Bradenton Beach were 44 (SF-23, Con-16, Dup-3 & Lot-2) compared to Feb 2021 at 35 (SF-22, Con-12, Dup-0 & Lot-1).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 36 of the last 44 months and 23 of the last 26 months.  Inventory is currently at only 79 (SF-53, Con-20, Dup-3 & Lot-3).  Inventory for the previous 44 months were 88, 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  I continue to think we’re close to the point where we are going to see the sales start to slow down, and the inventory starts to build gradually.  Looking at Manatee County the average sale price of single-family homes in Manatee County for January 2022 was up again 3.5% to $378,000 above January 2021 at $365,000 and the current inventory is down 70.4% at 155 from 524 in January 2021.  As I noted above, the average sale price of a single-family home in Manatee County is $378,000 and the median sales price is 302,965 and the Pending sales are at 328 vs 373 last year. Again.…. I CAN NOT say this strongly enough; for those of you thinking of selling within the next year or two now would be the time to put your property on the market before the market slows down.  As I mentioned in last month’s newsletter, I took my own advice and put one of my properties, a duplex, up for sale, it closed in January for $1,200,000.  As far as you buyers…buying sooner is better than later unless you aren’t going to buy for more than two years.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of the value of the property you may want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there were 38 properties that went pended SF-23, Condo-13, multi-family- 2, and the lots- 0.  The single families were listed between $1,200,000 and $7,875,000; The condos between $400,000 and $1,695,000; The Multi-families between $1,899,000 and $5,390,000.  Of the 53 single-family properties currently for sale, there is only 1 single-family property under $1 million ($995,000) and only 4 between $1 Million and $2 Million the remaining range is between $2,250,000 and $12,875,000.   We have left out Frank & Al’s best buys again this month since there is so little inventory, and it changes so fast.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale because the inventory is turning over so quickly, let us know what that is today!

        To summarize the Anna Maria Island Real Estate Market sales for February 2022 were 30% higher than in February 2021.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 79 (SF-53, Con-20, Dup-3, Lot-3) slightly down from last month but still lower than 8 of the last 11 months at 88, 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain about where they have been for the market at 55 (SF-33, Con-16, Dup-3 & Lot-3) dropping slightly from the previous twelve months at 63, 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-six months. The distribution of the 53 single-family properties currently for sale on AMI continues to skew to the high end with 0% (0) <$750K, .1% or (1) between $750K and $1 million, .8% or (4) between $1 million and $2 million and 20% or (10) between 2-3 Million and 70% or (38) over $3 million.  The highest-priced single-family home currently is $12,875,000 a remodeled 1,880 sq. ft. 1950’s 4BR,3.5 bath  house on a .27 acre gulf front lot.  The lowest-priced is a half-duplex, 2 BR/2 bath, 866 sq. ft. in the 400 block of Holmes Beach. The distribution of the 20 Condos currently for sale on AMI is .5% or (1) <$500K, 30% or (6) $500K-$750K, 20.5% or (5) $750K – $1 million and 40% or (8) >$1 million.  You can see that 91% of the single-family prices are over $1 million while 51% of the condos were below $1million and only 49% over $1 million.  As I mentioned above of the current inventory of 53 single-family homes the lowest priced property at 414 80^th St, HB listed at $995,000 a 2br/2bath, 866 sq. ft. half-duplex and the highest is a $12,875,000 a Gulf Front property 102 77^th St, HB.  Of the current inventory of 20 condos the lowest-priced unit, this month is a 2br/2bath Condo at 600 Manatee Ave #240 HB listed at $500,000 and the highest a 3br/3 bath condo at Vista Grande 5622 Gulf Dr. #2 listed at $4,125,000.  The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $4,736,681 and the median list price is $4,375,000 and for condos, the average list price is $1,300,695 and the median list price is $934,950.   

         Longboat Key current inventory has dropped down again to 41 (SF- 19, Con- 19, Dup- 1 & Lot- 2)  the lowest it’s been in the last twenty-five months  62, 48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 19 single family homes, the average price is $3,635,474 and the median list price is $3,195,000.  For the 19 condos for sale, the average and median list prices respectively are $2,136,700 & $1,450,000.

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

Keep those calls and e-mails coming!

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

Click HERE  for FULL NEWSLETTER and detailed charts and facts for

Anna Maria Island Real Estate for sale.

941-232-2216

ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

The post Anna Maria Island, FL. Real Estate News March 2022 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

Starting at $3,750,000  each 4 bed, 3.5 bath 2500 sq. ft plus per unit.  AND  1 garage, 1 under-building park, and another outside each!

Real estate sales on Anna Maria Island continue to soar.  After ending the year in 2020 with historic high sales it continues now into 2021.  Sales for the month of January 2021 were 70% higher than sales for January 2020.  Inventory if it were any lower would be non-existent.  Sales for January 2021 for Anna Maria City, Holmes Beach and Bradenton Beach were 56 (SF-28, Con-20, Dup-7 & Lot-1) up 70% above January 2020 at 33 (SF-24, Con-9, Dup-0 & Lot-0) after being up 79% and 99% over the last two months.  The inventory continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-nine of the last thirty-seven months and sixteen of the last nineteen months.  Inventory is currently at only 100 (SF-57, Con-25, Dup-7 & Lot-11).  Inventory for the previous thirty-seven months were 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.  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.

Again….I can not say this strongly enough;  for those of you thinking of selling within the next year or two now would be a good time to put your property on the market while it is a sellers’ market.  Historically this market has come about every 7-10 years.  As far as you buyers…buying sooner is better than later.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of value or to start a search to find a property today.

Since last month’s newsletter there continues to be a lot of activity.  403 20^th Place, BB  closed for $2,225,000 and 7100 Gulf Drive #202, HB closed for $435,000.  The following properties went under contract since last month’s newsletter:  6200 Flotilla #306 HB listed at $559,000;  6814 Gulf Drive, HB listed at $570,000; 2716 Gulf #204, HB listed at $789,000;  600 Manatee Ave #214, HB listed at $379,000;  5622 Gulf Drive#3, HB listed at 2,290,000 and 543 67^th St, HB listed at $1,799,900.   If you are looking for a great rental there isn’t much to choose from.  Of the 57 single family properties currently for sale, there are only 5 single family properties under $1 million and only 14 between 1 Million and 2 million.   The property at 228 Willow Ave. recently became available.  A 6BR/4.5 Bath a short 2 block walk to the beach and on a canal with too many amenities to say, listed at $3,485,000.  If you want to be directly on the Gulf then check out this new Four unit, direct gulf front condo complex The units are 4BR/3.5 Bath between 2495-2635 sq. ft. with amazing views of the Gulf from each one.   Call me to get the details…hurry one is already sold.    If you want to see these or any other properties just call Lynn or I.  We can also put you on your own automatic search for properties with your specific criteria, let us know what that is- today!

To summarize the Anna Maria Island Real Estate Market beginning 2021, sales for January were 70% above January 2020.  The inventory continues to drop and continues to be the lowest I’ve seen it in 25 years, at 100 (SF-57, Con-25, Dup-7, Lot-11) down from 135, 145, 155, 162 & 175 the last five months.  Pended properties (properties under contract) continue to remain strong at 101 (SF-47, Con-31, Dup-7 & Lot-2) above all but one of the previous eight months at 87, 86, 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 thirty months.

The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with only 5% or (3) <$750K, 5% or (3) between $750K and $1 million, 30% or (17) between $1 million and $2 million and 26% or (15) between 2-3 Million and 34% or (19) over $3 million.  The distribution for Condos currently for sale on AMI is 32% or (8) <$500K, 32% or (8) $500K-$750K, 16% or (4) $750K – $1 million and 20% or (5) >$1 million.  You can see that 95% of the single-family prices are over $750K and 80% are over $1 million while 32% of the condos were below $500K.  As you can see again single family prices continue to go up much faster than condo prices.  Of the current inventory of 57  “single family homes” the lowest priced property is still $515,000 (a 1br/1bath) home at 205 peacock Lane HB and the highest is $7,985,000 a 1/4 acre gulf front ground level bungalow at 102 77^th St. HB  Of the current inventory of 25 condos the lowest priced unit again this month is a 2br/1bath  condo at 611 Gulf Dr. Imperial House D26 BB listed at $300,000 and the highest $2,399,000 a 3br/2.5 bath direct gulf front L’Plage unit #7 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 $2,308,936 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 127 (SF- 30, Con- 79, Dup- 2 & Lot- 16) the lowest it’s been in the last nineteen months at 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 30 single family homes, the average list price is $2,688,393 and the median list price is $1,887,000.  For the 79 condos for sale, the average and median list prices respectively are $1,335,149 & $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 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, FL. Real Estate News February 2021 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

2 bed 2 bath condo overlooking tennis courts.

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

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

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

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

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

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

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

Alan, Frank, Scott & Lynn

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

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

3603 4th Ave 4 bed 3 bath INVESTOR SPECIAL

Anna Maria Luxury Real Estate
October 2016 Newsletter

Sales on Anna Maria Island for 2016 continues at a healthy pace. September 30, 2016 Y-T-D AMI sales were 282 (SF-170, Con-79, Dup-20, & Lot-13) still down 13% from September 30, 2015 Y-T-D at 323 (SF-193, Con-95, Dup-15 & Lot-20).

Sales in September 2016 for Anna Maria City, Holmes Beach and Bradenton Beach were 28 (SF-18, Con-8, Dup-2 & Lot-0) about even with September 2015 at 29 (SF-17, Con-11, Dup-0 & Lot-1). The last 12 months sales (Oct 1, 2015 to Sep 30, 2016) were 366 (SF-207, Con-112, Dup-30, Lot-17) still down 11% from the previous 12 months (Oct 1, 2014 to Sep 30, 2015) at 411 (SF-243, Con-122, Dup-20 & Lot-26). 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 22 (SF-14, Con-7, Dup-1 & Lot-0) in the previous 12 months (Sep 1, 2014 to Aug 31, 2015). Although we’re running 13% behind last year in sales, which had 407 properties sold and was one of 3 years in the last 6 with sales over 400. Again, the low inventory is the primary reason we are running behind 2015 in sales. Inventory is currently at 287 (SF-158, Con-80, Dup- 19 & Lot-30). Inventory for the previous five months were 290, 298, 314, 303, 308. The inventory hasn’t been below 300 since 2005.

As I mentioned last month, two properties on Frank, Scott & Al’s Great Buy’s have gone under contract. See below for this months BEST BUYS.  The property at 307 Clark listed at $749,000 is due to close on 11/21/16 and 503 59th St listed at $560,000 closed on 9/28/16 for $549,500. Also since last month the two real estate only restaurant properties went under contract. The property at 1701 Gulf Dr. listed at $485,000 is due to close on 11/2/16 and the property at 9705-9707 Gulf Dr. listed at $1,100,000 is due to close at 11/15/16. Both contracts are cash and no inspection. Call me for more information on these or other real estate opportunities.

To summarize the Island market for the first nine months of 2016, we continue to run behind 2015 but we will end the year with another strong sales year. Pended properties continue to be strong and still well above the average. Pended properties (properties under contract) are at 46 (SF-28, Con-15, Dup-2 & Lot-1). Distressed properties continue to be non-existent with one single family that is a short sale and one bank owned multi-family property. The distribution of the single family sales on AMI 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 83% <$500K, 14% $500K-$750K, 3% $750K – $1 million and 0% >$1 million.

These percentages have been pretty consistent over the last several years. Of the single family properties sold the first eight months of 2016, the average sale has been $933,505 and the median sale $772,750. In the first eight months of 2015 the average sale for single family homes was $739,941 and the median sale was $630,000. The current inventory of 158 single family homes the average sale price is $1,334,221 and the median sale price is $1,100,000. The lowest price single family home on the island is currently $324,000 and the highest price $5,995,000. For the 80 condos for sale the average and median prices respectively are $635,081 & $515,000 with the lowest $189,000 and highest $2,149,000.

Longboat Key current inventory is 358 (SF- 119, Con- 207, Dup- 2 & Lot- 30) up from 304 last month and 314,336 and 345 the three previous months. Of the current inventory of 119 single family homes the average sales price is $2,068,938 and the median sale price is $1,394,500. The lowest priced single family home on the island is $224,900 and the highest is $19,900,000. For the 207 condos for sale the average and median prices respectively are $835,184 & $629,000 with the lowest $164,900 and highest $5,999,000. Pended properties on Longboat Key are 33 (SF-7, Con-25, 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 3 (SF-1, Con-2, Dup-0 & Lot-0).

Read our full newsletter here.

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 -$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. Elevated Duplex Close to the Beach – 119 52nd St A&B (REDUCED) $899,900  This 3BR/2.5bath and 2BR/2bath duplex has a combined 3,444 sq. ft. and is one half block to the beach without crossing any streets. Great rental or permanent or 2nd home.

3. 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 $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 $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 pictures, information & virtual tour!

Keep those calls and e-mails coming!

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

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

Continue reading last months blog

The post The GALLETTO Team – Anna Maria Island, FL. – Real Estate Newsletter – October 2016 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

1 bed, 1 bath units available. Close Bay and the Gulf of Mexico!

Sales on Anna Maria Island for 2016 continues to lag behind 2015. June, 2016 Y-T-D AMI sales were 195 (SF-120, Con-53, Dup-12, & Lot-10) down 18% from June, 2015 Y-T-D at 235 (SF-139, Con-71, Dup-10 & Lot-15).   Last month Y-T-D we were behind 2015 Y-T-D by 20% & two months ago we were behind last year by 28% so we have been gaining and are still running about equal with 2014 which ended the year with 381 sales.

Sales in June 2016 were 33 (SF-22, Con-8, Dup-0 & Lot-3) down 9% from June 2015 at 36 (SF-20, Con-13, Dup-2 & Lot-1). The last 12 months sales (July 1, 2015 to June 30, 2016) were 367 (SF-211, Con- 110, Dup-27, Lot-19) down 10% from the previous 12 months (July 1, 2014 to June 30, 2015) at 409 (SF- 234, Con-121, Dup-27 & Lot-27). Of the last 12 months sales only 2% or 9 (SF-5, Con-3, Dup-1 & Lot-0) were distressed properties (bank owned or short sales) compared to 6% or 24 (SF-14, Con-6, Dup-4 & Lot-0) in the previous 12 months (July 1, 2014 to June 30, 2015). Although we’re running 18% behind last year in sales, we are catching up and the low inventory is a contributing factor to the lower sales. Inventory is currently at 314 (SF-175, Con-96, Dup-15 & Lot-28).  Inventory for the previous four months were 303, 308, 343 and 342.

Again this month these two investment properties are still available. The property at 214 Fir, a 3BR/2bath 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. It’s a newly built (2014) 8 bedroom/6 bath, 2,936 sq. ft. home a block to the beach with peaks of the gulf and it does about $225,000 in gross annual rental and is listed at $2,300,000. These returns are exclusive of the increase in the value of the property. Call me for more information on these or other properties.

To summarize the market for the first six months of 2016, we continue to run behind 2015 but still will end the year as one of the top 3 years in sales since 2005. Pended properties continue to be strong and well above the average which could mean a continued strengthening of sales as we continue through the year. Pended properties (properties under contract) are at 42 (SF-23, Con-13, Dup-5 & Lot-1). Distressed properties continue to be non-existent and will continue to be so. There are currently no distressed properties in the inventory. The distribution of the single family sales on AMI over the last 12 months again hasn’t changed much with 20% <$500K, 38% 500K-750K, 14% between $750K and $1 million and 28% over $1 million. The distribution for Condo sales over the last 12 months also hasn’t changed much and was 85% <$500K, 12% $500K-$750K, 2% $750K – $1 million and 1% >$1 million. These percentages have been pretty consistent over the last year. Of the single family properties sold the first six months of 2016, the average sale has been $926,840 and the median sale $737,500. In the first six months of 2015 the average sale for single family homes was $745,191 and the median sale was $630,000. The current inventory of 175 single family homes the average sale price is $1,208,313 and the median sale price is $979,000. The lowest price single family home on the island is currently $239,900 and the highest price $5,995,000. For the 96 condos for sale the average and median prices are $607,349 & $471,000 with the lowest $197,500 and highest $2,149,000.

Longboat Key current inventory is 336 (SF- 120, Con- 182, Dup- 2 & Lot- 32) down from 345 last month and 374 and 387 the two previous months. Pended properties on Longboat Key are 49 (SF-9, Con-40, Dup-0 & Lot-0) down last month from 62 and 86 and 87 the previous two months. Distressed properties on Longboat Key are only 4 (SF-0, Con-4, Dup-0 & Lot-0).

Keep those calls and emails coming! Be sure to read the full NEWSLETTER for charts and other interesting listings.                                                                         

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

OUR website is going through a makeover and name change. Be sure to keep an eye on the progress!  www.AnnaMariaLuxuryRealEstate.com, you will still be able to get there from www.AlanGalletto.com.

TIRED of the Traffic, but long for a wide open water view?  Check out these two homes on Palma Sola Bay…. one condo, one HOME.

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