For those who thought Anna Maria Island Property Sales Report (AMIPSR) was dead, we have good news in more ways than one. After almost a year, AMIPSR is back and the market seams to be coming back as well! We apologize for the extended break in publishing. Our website, www.amipsr.com has some of the data from the period since our last edition.
Please consider this a special RE-LAUNCH edition.
September 2006 Sales
Just eight homes were sold in September 2006 versus 19 in the same month in 2005. The average sale price in 2006, when three properties sold for over $1 million, was $824,375. versus $729975. in September 2005. Days on the market for the eight single family homes sold in September ‘06 averaged 219 versus 57 in September ‘05.
There were also four condominium sales in September ‘06, at an average sales price of $825,000. In September 2005, comparable figures showed nine condos sold at an average sale price of $541,644. Days on the market for the four units sold in September 2006 averaged 114 versus 50 in September ‘05.
There was one lot sale, after 64 days on the market, but no duplex or commercial sales this past September. In contrast, September ‘05 saw three duplex and triplex sales at an average price of $665,667.
QUICK FACTS
This issue of AMIPSR starts with a new feature that presents a brief overview and summary of island single family residences, condos and duplexes/triplexes. (Abbreviations: SFR: single family residences; ASP: Average sale price; ALP: Average listing price; DOM: Days on market; $SF: Price per square foot.) .
Current active listings:
SFR: 286 units / ALP: $1043K / $SF: $609K
CONDOS: 329 units / ALP: $729K / $SF: $870K
DUP/TRIP: 73 units / ALP: $870K / $SF: $473K
TOTALS: 688 units / ALP: $883K / $SF: $565K
Current pending sales:
FEWER SALES, HIGHER SELLING PRICES CHARACTERIZE JUNE ‘06 ANNA MARIA ISLAND PROPERTY SALES
On a positive note, the number of active real estate listings on Anna Maria Island in June 2006 was down from May ‘06, with 684 properties on the market, including 256 single family residences, 317 condos, 70 duplexes/triplexes and 41 lots. There were 747 properties on the market on Anna Maria Island on May 11, 2006.
Also, there were 114 new island listings posted on the Multiple Listing Service in June ‘06 which is the lowest number for any month this year. A significant number of these new listings were not new at all but was a result of sellers changing agencies.
ANNA MARIA ISLAND REAL ESTATE SALES UP IN MAY ‘06 COMPARED WITH APRIL, ‘06; STILL WAY BELOW MAY, 05.
Real estate sales are rebounding on Anna Maria Island, based on sales activity reported by the Multiple Listing Service (MLS) in May 2006, when ten single family residences were sold at an average price of $744,400 ($449./square foot). This is up from six sales in April ‘06.
In addition, condominium sales rebounded, from just one in April ‘06 to seven in May ‘06, when the average sale price was $592,496. ($570./square foot).
There were also two duplex sales in May, 06, with the average price $788,800. ($456./square foot) compared to one duplex sale for $545,000 in April, 06.
ACTIVE LISTINGS ON ANNA MARIA ISLAND CONTINUE TO CLIMB, THE NUMBER OF SALES ARE WAY DOWN BUT THERE ARE SOME POSITIVE SIGNS
The number of active property listings on Anna Maria Island continues to increase, up from the 632 reported in the last issue of AMIPSR on Feb. 13, 2006 to 714 on May 11, 2006. The active listings included 289 single family residences with an average listing price of $1,055,314.; 285 condominiums, average listing price of $744,875.; 81 duplex/triplex listings, average listing price of $878,953.; 37 lots, average listing price of $1,140,743.; and 22 commercial properties, average listing price of $2,902.545.
ACTIVE LISTINGS ON ANNA MARIA ISLAND TOP 600
The number of active property listings on Anna Maria Island continued to increase in January, going from 431 at the start of ‘06 to 632 as of Feb. 13 ‘06.
The current list comprises 250 single family residences, up from the 167 reported in the January ‘06 issue of AMIPSR.
There are also 254 condominium listings, up from 174 last month.
A total of 78 duplexes and triplexes are currently on the market versus 57 last month.
The number of lots on the market more than doubled in the last month, going from 15 then to 31 currently.
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This is the issue of AMIPSR we’ve all been waiting for…the year in review edition.
The bottom line?
Total gross sales of Anna Maria Island properties were up 46% in 2005 compared to 2004.
The average price paid for island properties was up 28.2% over 2004.
The total number of properties sold on the island in 2005 were up 14% from 2004.
(Some private sales were not included in these figures).
These number are outstanding and encouraging but do they accurately illustrate the market conditions today? NO!
It seems no matter where people gather the most asked question is, “What do you think of the real estate market on Anna Maria Island?”. Ominous terms such as, “bubble” and “buyer’s market” are finding there way into press articles but the indisputable market statistics are yet to support any such trend in the Anna Maria Island market.
Read more »»»
While national news stories talk about a slowdown in real estate sales, the slowdown does not appear to have affected Anna Maria Island–yet.
Read more »»»
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