Anna Maria Island in September and October becomes pretty quiet every year. Typically most locals find they schedule the majority of their vacation during this time. September is a beautiful month in the domestic U.S.A and the height of Hurricane season is in September so it all makes sense and we all set our seasonal watch to a slow season in
Condo for Sale
Sept/Oct.
So, September transactions are typically slower than the rest of the year. That was the case this year and our September stock market tumble put everyone on the edge of their seat. I looked away for a week and a half and the DOW lost 2000 points. Yikes, we saw many prospective buyers head to the sidelines awaiting more news on the stability of world wide financial markets.
Anna Maria Island Single family Real Estate transactions are up 28% YTD, Condominium transactions are flat versus 2007, and multi-family transactions are triple as compared to last year.
Below you will find the average single family residential average SOLD prices for year over year. The dotted line shows 10% appreciation. Average single family homes since 2000 have appreciated at a rate more than 10%. Wondering where to further diversify your stock portfolio?
The below chart shows multi-family and condominium average SOLD prices for the past 8 years. Both property types have continued to slip in 2008 however the transaction volume versus inventory for multi-family
Anna Maria Island Real Estate would lead us to believe that 2008 will be the low for multi-family properties. Condominiums are a bit more difficult to predict. We could see further slippage in 2009 however only time will tell and of course if I had a crystal ball – well you know the rest of the story but this is just on person’s opinion who lives and breathes
Anna Maria, Fl Real Estate.
Single Family Sales information
Be sure to call with questions or if you believe I can help further diversify your financial portfolio with Anna Maria Island property. I am not a CPA, however I can provide initial guidance regarding passive losses, passive income, and in many cases help find an investment property that creates a lower Federal income tax base with limited negative cash flow burden. Rental income from a vacation rental plays a large part in your Anna Maria Real Estate investment. I can help ensure the location you choose as well as the amenities of the investment property will be sure to reach your
Anna Maria rental investment goals.
