2 and 1/2 blocks to the white sugar sand beaches of Anna Maria Island from this 2-3 bed/2bath with 1 car garage and 2 bed/1 bath with 1 car garage duplex!

         Real estate sales on Anna Maria Island again continue to outpace 2020 but is starting to slow down because we are running out of inventory.  Sales for the month of June 2021 were 54% over June 2020.  The Inventory has not significantly changed and is currently at 88.  Sales for June 2021 for Anna Maria City, Holmes Beach, and Bradenton Beach were 57 (SF-34, Con-19, Dup-3 & Lot-1) compared to June 2020 at 37 (SF-22, Con-10, Dup-1 & Lot-4).  The inventory continues to be the lowest it’s been in 30 years and continues to be well below 300 for 35 of the last 43 months and 22 of the last 25 months.  Inventory has popped up a little and is currently at only 88 (SF-54, Con-18, Dup-14 & Lot-2).  Inventory for the previous 43  months were 82, 72, 72, 72, 76, 100,135, 145, 155, 162, 175, 196, 230, 261, 253, 274, 308, 314, 312, 289, 279, 282, 292, 296, 293, 305, 334, 338, 319, 291, 257, 249, 231, 214, 223, 240, 254, 267, 297, 297, 310, 290, 298.  I think we’re close to the point where we are going to see the sales start to slow down and the inventory starts to build.  Looking at Manatee County the average sale price of single-family homes in Manatee County for May 2021 was up again 19.4% above May 2020 to $261,466 and the current inventory is down 78.5% at 207 from 961 in May 2020.  The average sale price of a single-family home in Manatee County is $261,466 and the median sales price is 243,595 and the Pending sales are at 299 vs 252 last year. Again.…. I CAN NOT say this strongly enough;  for those of you thinking of selling within the next year or two now would be the time to put your property on the market before the market slows down.  As I mentioned last month,  I took my own advice and put one of my properties, a duplex, up for sale.  As far as you buyers…buying sooner is better than later unless you aren’t going to buy for two years or so.  Call (941) 232-2216 or email me at alan@alangalletto.com  for an opinion of the value of the property you want to sell, or for starting a search to find a property to buy today.

        Since last month’s newsletter, there was not much activity.  The only property under contract from last month’s newsletter: 3407 29^th St Bradenton listed at $265,000 sold for $265,000.  Of the 54 single-family properties currently for sale, there are only 5 single-family properties under $1 million and only 22 between 1 Million and 2 million.   We have left out Frank & Al’s best buys again this month since there is so little inventory.  If you want to see any properties just call Lynn or me.  We can also put you on your own automatic search for properties with your specific criteria so you can get them as soon as they go up for sale, let us know what that is- today!            

        To summarize the Anna Maria Island Real Estate Market sales for June 2021 were 54% higher than June 2020.  The inventory continues to drop and continues to be among the lowest I’ve seen it in 30 years, at again only 88 (SF-54, Con-18, Dup-14, Lot-2) slightly up from last month but still lower than 6 of the last 10 months at 82, 72, 72, 76, 100, 135, 145, 155, 162 & 175.  Pended properties (properties under contract) continue to remain strong at 63 (SF-40, Con-18, Dup-4 & Lot-1) dropping slightly from the previous twelve months at 70, 85, 94, 95, 101, 87, 86, 90, 94, 112, 92, 71.  Distressed properties continue to be non-existent as they have been for the last couple of years with again none in the current inventory and only two in the last thirty-five months. The distribution of the 54 single-family properties currently for sale on AMI continues to skew to the high end with 5% (3) <$750K, 4% or (2) between $750K and $1 million, 43% or (22) between $1 million and $2 million and 23% or (12) between 2-3 Million and 25% or (13) over $3 million.  The highest-priced single-family home currently is $8,900,000 a 1950’s house on a double gulf front lot with 174 ft. of beachfront.  The lowest-priced is a seaside garden 1 BR/1 bath, 688 sq. ft.  Villa. The distribution of the 18 Condos currently for sale on AMI is 19% or (3) <$500K, 12% or (2) $500K-$750K, 38% or (6) $750K – $1 million and 31% or (5) >$1 million.  You can see that 95% of the single-family prices are over $750K and 91% are over $1 million while 31% of the condos were below $750K and only 31% over $1 million.  As I mentioned above of the current inventory of 54 single-family homes the lowest priced property at 431 62^nd St HB  listed at $489,000 a 1br/1bath Villa in Seaside Gardens and the highest is an $8,900,000 double lot gulf Front property at 5102 5th Ave. HB.  Of the current inventory of 18 condos the lowest-priced unit, this month is a 1br/1bath Westbay Cove condo at 600 Manatee Ave. #214 listed at $425,000 and the highest a 3br/3 bath condo at Carissa Villas, 2 blocks to the beach at 201 57^th St unit A HB. The prices for single-family homes continue to move up rapidly while condos continue to creep up.  Of the single-family properties currently for sale on AMI, the average list price is $2,590,152 and the median list price is $1,992,500 and for condos, the average list price is $857,312 and the median list price is $830,000.   

         Longboat Key current inventory has popped up again to 62 (SF- 21, Con- 38, Dup- 1 & Lot- 2) still the lowest it’s been in the last twenty-one months  48, 63, 59, 75, 127, 129, 156, 172, 178, 199, 218, 275, 295, 337, 388, 386, 378, 364, 354, 309, 309, 274, 289,359 and significantly lower than the previous seven months at 388, 386, 404, 442, 461, 455, 452. Of the current inventory of 21 single family homes, the average price is $3,643,814 and the median list price is $3,445,000.  For the 38 condos for sale, the average and median list prices respectively are $1,280,862 & $899,000.

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

Keep those calls and e-mails coming!

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #LuxuryRealEstate #AnnaMariaIsland

The post Anna Maria Island real estate news JULY, 2021 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

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

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

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

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

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

941-232-2216 ALAN@AlanGalletto.com

#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island real estate news March, 2021 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.

Charmingly renovated. 1 bed 1 bath, ELEVATED
Close to beaches. Easy on off Island.

It’s for sure that we will close 2020 with sales on Anna Maria Island higher than any year that we have been recording sales.  Sales for the month of November continue to be in the highest range we have seen since 2005.  I think sales for 2020 will end the year in the high 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 buyers continue to buy.  Sales for November 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 59 (SF-29, Con-25, Dup-3 & Lot-2) up 179% above November 2019 at 33 (SF-20, Con-10, Dup-3 & Lot-0) after being up 179% last month.  Sales for November 2020 Y-T-D were 510 (SF-287, Con-170, Dup-27, Lot-26) up 50% above November 2019 Y-T-D at 341 (SF-213, Con-101, Dup-20, Lot-7).  Sales for the last 12 months were 544 (SF-311, Con-176, Dup-31 & Lot-26) up 52% above the previous 12 months at 359 (SF-225, Con-107, Dup-20 & lot-7).   The inventory continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-seven of the last thirty-five months and fourteen of the last seventeen months.  Inventory is currently at only 145 (SF-85, Con-46, Dup-9 & Lot-5).  Inventory for the previous thirty-five months were 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 November Y-T-D were up 45% above 2019 September Y-T-D and the current inventory is down 50% 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 and as far as you buyers…buying sooner is better than later.  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 747 Jacaranda AM closed for $1,500,000. The property at 2310 Gulf Dr. #104 BB just went under contract and as did 403 20^th Place BB as well, two blocks 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 eleven months of 2020, sales were 50% above the first eleven months of 2019.  The inventory continues to drop and be the lowest I’ve seen it in 25 years, at 145 down from 155, 162 & 175 the last three months.  Pended properties (properties under contract) continues to stay strong at 86 (SF-39, Con-37, Dup-5 & Lot-5) close to last month at 90 and in the middle of the previous five months at 94, 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-six months.

The distribution of the single-family properties currently for sale on AMI continues to skew to the high end with only 6% or (5) <$750K, 12% or (10) between $750K and $1 million, 37% or (31) between $1 million and $2 million and 45% or (37) over $2 million.  The distribution for Condos currently for sale on AMI is 29% or (14) <$500K, 31% or (15) $500K-$750K, 23% or (11) $750K – $1 million and 17% or (8) >$1 million.  You can see that 94% of the single-family prices are over $750K and 82% are over $1 million while 29% 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 $424,900 (a 3br/3bath sunbow bay townhouse (should be listed as a condo) at 3803 East Bay Drive #6 HB and the highest is again $6,495,000 a 1/2 acre gulf front tear down built in 1960 at 5102 5^th Ave. HB Of the current inventory of 46 condos the lowest priced is again this month a 1br/1bath Tortuga Inn condo at $214,900 and the highest $2,199,000 a 3br/3bath direct gulf front Vista Grande unit. BTW; our rental department estimates this unit could gross about $125k.  The prices for single family homes continue to move up rapidly while condos remain almost flat.  Of the single-family properties currently for sale on AMI, the average list price is $2,155,522 and the median list price is $1,799,900 and for condos, the average list price is $753,219 and the median list price is $592,000.

Longboat Key current inventory has for the sixth month dropped down again significantly to 156 (SF- 50, Con- 89, Dup- 1 & Lot- 16) the lowest it’s been in the last seventeen months 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 50 single family homes, the average list price is $2,553,015 and the median list price is $1,547,000.  For the 89 condos for sale, the average and median list prices respectively are $1,183,031 & $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 forecast DECEMBER 2020 appeared first on Galletto Team - Anna Maria Island Luxury Real Estate.

        Anna Maria Island Real Estate Sales continue very strong through September 2020.  Sales for the month of September continue to be this year in the highest range we have seen since the 1990s.  Also, the Inventory continues to be again the lowest I’ve seen in the last 25 years so the sellers’ market continues.  Sales for September 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 76 (SF-44, Con-24, Dup-3 & Lot-5) up 345% above August 2019 at 22 (SF-11, Con-10, Dup-1 & Lot-0).  Sales for September 30, 2020       Y-T-D were 387 (SF-219, Con-125, Dup-21, Lot-22) up 35% above September 30, 2019 Y-T-D at 286 (SF-180, Con-85, Dup-15, Lot-6).  Sales for the last 12 months were 476 (SF-276, Con-147, Dup-30 & Lot-23) up 37% above the previous 12 months at 348 (SF-220, Con-107, Dup-15 & lot-6).   The inventory at 162 continues to be the lowest it’s been in 25 years and continues to be below 300 for twenty-five of the last thirty-three months and thirteen of the last fifteen months.  Inventory is currently at only 162 (SF-87, Con-57, Dup-10 & Lot-8).  Inventory for the previous thirty-three months were 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 Anna Maria Island Real Estate last month for those of you thinking of selling within the next year or so, as you can see from the numbers, now would be a good time to put your property on the Anna Maria Island Real Estate 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.   319 64^th St. HB, closed for $750,000, and the property at 6301 Holmes Blvd. HB closed for $895,000, and 405 20^th Place, BB  closed for $880,000.  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  776 N Shore, AM recently became available.  A five-minute walk to the beach across the street with private pool and gulf views it did $118K in gross annual rental income in 2019 (see Frank & Al’s great buy’s).  Call us to see the property that meets your needs.  If you want to be directly on the 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 nine months of 2020, sales were 35% above the first nine months of 2019.  The inventory continues to drop and be the lowest I’ve seen it in 25 years, at 162 down from 175 last month.  Pended properties (properties under contract) continue to stay strong at 94 (SF-47, Con-39, Dup-4 & Lot-4) 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 of 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 4% or (3) <$750K, 14% or (12) between $750K and $1 million, 36% or (31) between $1 million and $2 million and 46% or (39) over $2 million.  The distribution for Condos currently for sale on AMI is 38% or (22) <$500K, 29% or (17) $500K-$750K, 16% or (9) $750K – $1 million and 17% or (10) >$1 million.  You can see that 96% of the single-family prices are over $750K and 82% are over $1 million while 38% 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 87 single-family homes the lowest priced property is $525,000 (a 1br/1bath half-duplex at 205 Peacock lane) and the highest is again $6,800,000 a 3/4 acre gulf front complex built in the 1940s 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 $219,000 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 $2,172,068 and the median list price is $1,799,900 and for condos, the average list price is $718,475 and the median list price is $569,000.

         Longboat Key  current inventory has for the fifth month dropped down again significantly to 178 (SF- 66, Con- 110, Dup- 2 & Lot- 21) the lowest it’s been in the last fifteen months 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 59 single-family homes, the average list price is $2,717,409 and the median list price is $1,595,000.  For the 106 condos for sale, the average and median list prices respectively are $1,045,164 & $627,000.

Hope you’re enjoying the Fall weather and keep those calls and e-mails coming.

Please, continue to stay safe!

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

Click HERE for 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

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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;

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ALAN@AlanGalletto.com

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

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

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

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

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

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

Please, continue to stay safe!

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

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

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

Gulf Front Condo Anna Maria Island perfect get-a-way spot.   Ahhhhhh the Gulf of Mexico.

         The Coronavirus continues to show lower sales on Anna Maria Island this year VS last year although Y-T-D sales for 2020 are only slightly down over 2019.  Sales in May 2020 were down over sales for May2019.  The continued low inventory (well under 300) continues to support the current pricing levels without downward pressure on any reductions.  We’ll continue to keep you informed if anything that significantly changes relative to the corona-virus.  Sales for May 2020 for Anna Maria City, Holmes Beach and Bradenton Beach were 30 (SF-12, Con-12, Dup-4 & Lot-2) down 33% below May 2019 at 45 (SF-28, Con-11, Dup-3 & Lot-3).  Sales for May 31, 2020 Y-T-D were 157 (SF-80, Con-58, Dup-10, Lot-9) down only 3% below May 31, 2019 Y-T-D at 162 (SF-103, Con-45, Dup-9, Lot-5).  Sales for the last 12 months were 370 (SF-214, Con-120, Dup-25 & Lot-11) up 2% above the previous 12 months at 361 (SF-217, Con-112, Dup-24 & lot-8).   The inventory at 261 continues to be below 300 for twenty-one of the last twenty-nine months and nine of the last eleven months.  Inventory is currently at 261 (SF-153, Con-80, Dup-14 & Lot-14).  Inventory for the previous twenty-nine months were 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 three properties from Frank & Al’s Great Buy’s list have gone under contract, 1910 Bay Dr. N. BB,  5614 Guava, HB, and 5823 21^st St E. Bradenton.  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 Fhttps://youtu.be/1V92nLz8jOEANTASTIC 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 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 five months of 2020, sales were 3% below the first four months of 2019.  Although we expected sales to slow down because of the corona virus they seem to be hanging in there.  The inventory continues to remain in the low range, as shown above, at 261 which means there continues to be no immediate downward pressure on prices.  Pended properties (properties under contract) look even stronger this month at 71 (SF-45, Con-15, Dup-6 & Lot-5) well above last month at 42 and the previous month at 39.  This bodes well for strong sales in the next couple 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-one months.  The distribution of the single family properties currently for sale on AMI hasn’t changed much over the last year or so with only 4% or (6) <$500K, 8% or (13) 500K-750K, 14% or (21) between $750K and $1 million, 45% or (68) between $1 million and $2 million and 29% or (29) over $2 million.  The distribution for Condos currently for sale on AMI is 59% or (46) <$500K, 31% or (24) $500K-$750K, 5% or (4) $750K – $1 million and 5% or (4) >$1 million.  You can see that again 88% of the single-family prices are over $750K and 74% are over $1 million while 59% of the condos were below $500K.  This distribution of single-family prices and condo prices continues to inch up year by year.  Of the current inventory of 153 single family homes the lowest priced property is still $389,000 (a Seaside Gardens 2br/2bath) and the highest is $7,995,000 a one acre gulf front complex built in the 1940’s but totally remodeled.  Of the current inventory of 80 condos the lowest priced is again this month a 1br/1bath TradeWinds 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 creep up while condos remain flat.  Of the single-family properties currently for sale on AMI, the average list price is $1,858,231 and the median list price is $1,570,000 and for condos the average list price is $532,885 and median list price is $479,500.  Condos have gone down while single families have gone up.

       Longboat Key current inventory has dropped down significantly to 295 (SF- 100, Con- 170, Dup- 2 & Lot- 23) at the low end of the last eleven months at 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 100 single family homes the average list price is $2,152,952 and the median list price is $1,295,000.  For the 170 condos for sale the average and median list prices respectively are $765,256 & $599,000.

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

FRANK & AL’S GREAT BUYS

Entry Level Island Property: 

1. 113 Palm Ave  ($959,000)  Great opportunity to obtain a house west of Gulf Drive.  Ground level 2-bedroom, 3 bath home in the city of Anna Maria & in a quiet part of the island.

2. 214 66^th St. HB ($559,000)  Duplex, 1/1 each side, total remodel/tear down, 1.5 blocks to the beach.

Good Potential Rental Income:

1. 307 59^th St HB ($825,000)  This 3BR/2 bath land condo home with private pool is 4 blocks to the beach & is currently a very good seasonal rental.  Well maintained centrally located near restaurants & shops.

2. 129 52^nd St HB, ($1,339,000)   Magnificence awaits you at Beachy Blue.  This 4BR/4bath spacious home west of Gulf Dr. with luxuries pool & spa is a short walk to the beach west of Gulf Drive. All high end finishes.  Too many features to list….a must see.  This home has been a seasonal rental & grossed $94,800 in 2019.  A great rental &/or first or second home.

3.  6301 Holmes Blvd. HB ($915,000)   2 blocks to the beach- this land condo home has a private pool & is currently a seasonal rental that has many possibilities.  A year round home or great seasonal rental. Estimate gross $65+

4.  201 58^th St HB  ($795,000)   Remodeled Duplex, 2/2 on one side & 1/1 on other – close to beach.

 5.   319 64^th St. HB (799,000) This 3br/2.5 bath large condo is only 3 blocks to the beach. The secluded heated pool with  waterfall surrounded by a fenced tropical back yard gives you plenty of private outdoor entertaining space. You have to see this one.

Great Gulf/Canal/Bay front Location:       

1.   5622 Gulf Dr HB. ($2,199,000)  Direct Gulf views from this 3br/3bath, 1993 sq. ft. Gulf Front condo. Built by Brent Whitehead this exquisitely furnished condo has Gulf front pool and spa along with entertainment area with outdoor kitchen, including fridge, grill and sink. Only 4 units in this complex. Est. gross $125K

2.  405 20^th Place N. Bradenton Beach ($949,000) Boaters dream home in a secluded part of Bradenton Beach. Just 100 feet out the canal to the inter-coastal this 3br/2.5bath elevated home is a great island get away.  Plenty of room to add a pool in the back. Come see this property!

Ask us… there are more Canal/Bay front homes!    543 67th St. HB

More GULF Front Condos:

Westwind units are 1-month min.

6818 Gulf Dr   ($799,000) 2/2 plus LOFT  Seriously GULF FRONT!!!!

6814 Gulf Dr ($570,000) 2/2 plus LOFT with a nice peak of the Gulf

Click here FOR FULL NEWSLETTER NEWSLETTER for detailed charts and facts for Anna Maria Island Real Estate for sale.
941-232-2216 ALAN@AlanGalletto.com
#AnnaMariaLuxuryRealEstate #HouseHunting #BuyAHomeOnAnIsland #luxuryrealestate

The post Anna Maria Island, FL. Real Estate Newsletter June 2020 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.

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There is something for everybody on Frank & Al’s Great Buy’s list this month.  If you’re looking for a fixer upper or tear down property close to the beach and Bay, then 2901 Ave C HB is for you.  Again I don’t know why this hasn’t sold already.  This ground level duplex is on two platted lots and ready for a new buyer to tear it down and build a new home on each lot.  Listed at lot value…you can’t buy a lot for $225K.  If you’re looking for a 180 degree Bimini Bayfront view and an ideal boater’s home, then 543 67th St. HB  is the one for you.  Ready to be taken to the next level, this 2,909 sq. ft.  4bedroom/4bath Bimini Bayfront is the ultimate in boating paradise minutes to Tampa Bay or the intercostal.  If you want a great rental another great property is 129 52^nd St. HB.  west of Gulf Drive with 4bedrooms/4 baths.  If you want to be almost on the Gulf then look at 103_47TH_ST. HB  a remodeled beach cottage with pool and spa one house 3bedrooms/3.5baths from the beach and peaks of the Gulf.  Call me for more information on these or other real estate opportunities.  We can put you on your own automatic search for properties with your specific criteria.          

To summarize the Anna Maria Island Real Estate Market for the first seven months of 2019 continues to run slower than the previous 5 years and Pended properties (properties under contract) dropped down this month to 25 (SF-15, Con-7, Dup-3 & Lot-0) well below last month.  We’ll see if this trend continues or is just a blip.  Distressed properties continue to be virtually non-existent with no distressed property for sale on the island and none in eleven of the previous twelve months.  The distribution of the single family properties currently for sale on AMI continues to skew upward and hasn’t changed much in the last year with only 5% or (9) <$500K, 15% or (25) 500K-750K, 20% or (34) between $750K and $1 million, 37% or (64) between $1 million and $2 million and 23% or (39) over $2 million.  The distribution for Condos currently for sale is 59% or (48) <$500K, 27% or (22) $500K-$750K, 5% or (4) $750K – $1 million and 9% or (7) >$1 million.  You can see that again 80% of the single-family prices are over $750K while 59% of the condos were below $500K.  This distribution of single family prices and condo prices has continued to remain about the same for over a year.  Of the current inventory of 171 single family homes the lowest priced property is $359,000 (seaside gardens again) and the highest is still $5,750,000 an old gulf front cottage on a one-acre lot (the cottage is about $50K of the value the rest is the lot).  Of the current inventory of 81 condos the lowest priced is $229,900 (still Trade winds) and the highest $2,569,000 (still Vista Grande).  The highs and lows for single family and condos haven’t changed for several months.  Of the single-family properties currently for sale on AMI, the average list price is $1,540,037 and the median list price is $1,350,000 and for condos the average list price is $562,970 and median list price is $475,000.

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

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

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

June 2018 VS. June 2019 STATS ON ANNA MARIA ISLAND

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

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

 SALES 2004-2018

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

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

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

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

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

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

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

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