There were 27.2% more property sales on Anna Maria Island in the third quarter of 2007 than the third quarter of 2006.

Here is the breakdown of single-family residences, condos, duplexes/triplexes and building lots sold in July through September 2007 compared to the same period in 2006:

2007 ~ 2006

SFRs: 39 ~ 21
Condos: 14 ~ 19
Dup./Trip: 1 ~ 3
Lots: 2 ~ 1

TOTAL: 56 sales ~ 44 sales

Totals
Sales Values: $37,170,000 ~ $34,175,000

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The third quarter 27.2% increase is consistent with the volume of sales in the first three quarters of 2007 which saw an average 32.5% increase in property sales. The following is a report on the number of sales of single family residences, condo, duplexes/triplexes and lots sold in the first nine months of 2007 compared to the first nine months of 2006. The amount in parentheses is the median sale price for that period. This equates to a 32.5% year-to-year increase.

2007 ~ 2006

SFRs: 105 ($550,000) ~ 64 ($783,000)
Condos: 54 ($425,000) ~ 47 ($475,000)
Dup/Trip: 9 ($425,000) ~ 15 ($654,000)
Lots: 7 ($500,000) ~ 4 ($925,000)

Totals 175 sales ~ 132 sales

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The number one question in people’s minds relating to real estate is: Have we found the bottom of the cycle yet? The following data shows median sale prices each month for the first 9 months of the last three years. Readers can draw their own conclusions. Keep in mind the number of sales each month are relatively few and one large sale can skew the averages. These figures are for single family residences and condos only. The numbers in parentheses are the number of just single family residences and condos sold that month.

2007 ~ 2006 ~ 2005

Jan: $535,000. (8) ~ $585,000. (15) ~ $555,000. (27)
Feb: $650,000. (9) ~ $817,000. (6) ~ $580,000. (23)
Mar: $558,000. (24) ~ $545,000. (14) ~ $530,000. (51)
Apr: $550,000. (22) ~ $870,000. (10) ~ $616,000. (37)
May: $534,000. (28) ~ $530,000. (16) ~ $608,000. (44)
June: $425,000. (15) ~ $782,000. (10) ~ $612,000. (51)
July: $564,000. (12) ~ $685,000. (14) ~ $592,000. (46)
Aug: $463,000. (24) ~ $660,000. (14) ~ $737,000. (76)
Sept: $620,000. (17) ~ $717,000. (12) ~ $615,000. (28)