Anna Maria Island positive Real Estate News
There are a number of reasons to continue to remain positive about Anna Maria Island Real Estate. It’s not because I am having a good day or the sun is out. The good news comes from DATA.
Below shows the number of closing transactions regarding Anna Maria Island Real Estate. The chart interpolates year to date transactions to estimate what year end transactions will look like. As you can see below the Aqua line shows single family residential Real Estate Transactions are almost at 2004 levels. While condominiums, multi-family properties and vacant land are not at 2004 levels it can be seen that transactions for each are significantly higher than 2007. Average sold value for single family residential real estate continues to show appreciation as compared to 2007. Condos, multi-family, and land have continued to show depreciation versus 2007 of 10%+.
Anna Maria Island Transactions
Below is the end of July 2008 inventory breakdown of properties for sale on Anna Maria Island. Condo inventory continues to be by far the largest portion of our inventory and owners that have condos for sale need to continue to remain aggressive on pricing.
Real Estate Inventory
Lastly, keeping in mind the condo inventory is “bogging” down Anna Maria Island inventory, the below chart is even more impressive. The chart below shows the total inventory trends of Anna Maria Island as well as the quarterly absorption trends. While the bars show inventory has gone down only a little, much more impressive is the current 17 months of inventory on hand based on the number of Real Estate transactions for the second Quarter. If this trend continues through Quarter 3 it most certainly provides a strong “future’s” indication of strong appreciation for Anna Maria Island Real Estate based on the simple supply versus demand economics of Real Estate.
Inventory Absorption Chart
For more Anna Maria Island Real Estate information call me at 941 345-1288. For additional information on Anna Maria Island visit the Island Real Estate Blog. I have additional charts available to those who sign up for my newsletter. Mailto: Larry@IslandReal.com .
Data is deemed accurate however not guaranteed.
Tags: Charts, Holmes Beach City, Information, Investment, news, Property, Real Estate, Realtor, tips
This entry was posted
on Wednesday, August 13th, 2008 at 7:12 pm and is filed under Anna Maria Island Real Estate Information.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
