Anna Maria Island real estate saw an average year of transactions. Inventory dropped to 500 properties which depending on which statistics you review is about 10% higher than normal. Bank related real estate for sale continues to be around 5 -8% of our total inventory which continues to be much lower than the nation wide average. Since 2006 an average Anna Maria Island property has lost an estimated 25-30% of their value. The great news for Anna Maria Island is over time the value of our properties appreciate at 10%. Supply and Demand is what drives prices so this entry focuses more on inventory changes as compared to 2008. More charts of Anna Maria Island real estate statistics will follow to show 2009 results. Stay tuned and review the inventory statistics below.
Below is Anna Maria Island real estate inventory as it stood the end of the calendar year 2009.
Anna Maria Island Inventory
Compare the breakdown of 2009 inventory to 2008 inventory and you see there is not much of a change.
Anna Maria Island Inventory - 2008
So lets talk details… Anna Maria Island Condominiums for sale in 2008 was 213 and at the end of 2009 the total condos for sale was 181. Anna Maria Island single family homes for sale at the end of 2008 was 263 and 2009, 242. Anna Maria Island Multi-families for sale for 2008 was 48 and the end of 2009 was 37. Vacant lots for Anna Maria Island went up by one to 38 for 2009.
As you can see, the Anna Maria Island real estate market saw a healthy reduction in inventory for sale. In total about a 10% reduction in real estate inventory for sale. A nice reduction when the rest of the nation has gained real estate for sale. The information above was taken from MLS. If you have further questions don’t hesitate to call.
La Casa Costiera is a phenomenal Anna Maria Island luxury condominium Gulf Front complex. La Casa Costiera has
Gulf Front Resort
essentially three buildings and two ground level condominiums which are Direct Gulf Front. The two Holmes Beach ground level properties have a spiral stairway to the roof which offers a perfect view of the Gulf of Mexico as well as early evening Anna Maria Sunsets.
The second building offers Direct Gulf Front views from the living areas as well as the covered patios. The covered patios have seating as well as high top tables and chairs perfect for relaxing at the Gulf.
The last two buildings are located towards the back of the property and all condominiums have views of the Gulf with phenomenal covered patios. These two buildings overlook the heated pool area, the spa and a vineyard terrace that houses dining tables as well as a community propane barbecue grill and charcoal barbecue grilling fireplace.
All La Casa Costiera properties have two bedrooms with a den or three bedrooms. Wet bars are included in the living areas. High end kitchen appliances, ceramic cook tops, plenty of televisions, DVD’s, Surround sound stereo, outdoor patio speakers, and many more amenities.
If you are interested in a Luxury Gulf Front three bedroom vacation rental on Anna Maria Island then look no further. The La Casa Costiera complex located in Holmes Beach on Anna Maria Island is the perfect resort for an unforgettable tropical vacation. See links below for more information on the properties Island Real Estate Vacation Rentals offers.
While the macro economy started turning a corner in the second quarter, Anna Maria Island continues to wonder what all the hub bub is about. Let’s first discuss some banking statistics then move to our little “peace” of paradise.
Per government regulators the amount of United States banks that shut down in 2009 was triple the number that failed in 2008 calendar year. The majority of the banks that have failed in 2009 were smaller, regional banks. Of course the Federal Deposit Insurance Corporation (FDIC) covers limited losses to consumers and CNN reported the FDIC has paid out $446 Million in 2009.
The FDIC still has plenty of money although they estimate in the next five years they will pay out more than 70 billion due to the failure of various financial institutions. So far the FDIC has used 20% of their reserves in place.
Anna Maria Island continues to see average transaction years although the rest of the country has not quite caught up yet. So why all the talk about the National Banking situation. Well our “peace” of paradise has been affected by banks providing money for loans on real estate. Single family homes on Anna Maria Island as a primary or secondary property is no problem in regards to finding money from large or small banks. Condominiums as well as Condo-Hotels are another story. A Condo-Hotel is a property that rents nightly or has a staff member on the property to provide accommodation services.
So why bring this up? Some condo prices continue to slip due to the difficulty buyers are having regarding borrowing money for condos. If you have CASH you can pick up some phenomenal condominium deals on Anna Maria Island. Take Palm Isle Village Resort for example. Pick up a two bedroom that grosses more than $35,000* per year in rental income for less than $350,000! Unbelievable! Give me a call for more Condo investment deals!
Anna Maria Island Square Foot Trends
The above chart shows a continue slippage in square foot values for single family real estate. Keep in mind that Anna Maria Island has seen a disproportionate number of smaller single family properties sell which is adversely affecting the average square foot values. I do have limited statistics that shows more regarding the degradation of square foot values so please give me a call so I can provide more accurate facts regarding the specific area on Anna Maria Island that you are researching.
Anna Maria Island Real Estate for Sale Inventory
Inventory continues to drop and is actually at its lowest since 2005. Of course as supply drops and demand increases our prices will continue to level out and we are seeing a similar affect for single family homes. If you are in the market for an investment property give me a call. Banks are beginning to loosen up their lending and several are supplying real estate money for 30% down and in a few months that will free up more to a standard 20% down.
* By no way are rental proceeds guaranteed and should not be considered to be guaranteed.
Palm Isle Village located on Anna Maria Islandis a fantastic resort located less than one block to the wonderful sandy beaches of the Gulf of Mexico. The unique cottage designs offer Gulf views from the widow watches that perch above the roof line of the resort and offer a glimpse into Anna Maria Islands million dollar sunsets. Palm Isle Village Resort amenities has single handily re-established the benchmark for Anna Maria Island’s vacation rentalindustry. The resort has even made news on Flickr where several pictures of the Widow Watches and exterior architecture has been spotlighted on the web
Using 2008 rental income both one and two bedrooms can be owned for less than $300 per month. Amazingly this analysis includes all anticipated costs for owning a Palm Isle Village cottage. This analysis INCLUDES debt service! * One Bedrooms start at $299,000 and two bedrooms start at $349,000. The average rental income for a 2 bedroom in the resort is $39,000 and a 1 bedroom is $34,000. Wow!
For more information on Palm Isle Village Resortplease call me and I would be happy to provide more information as well as pictures regarding Palm Isle Village. (941) 345-1288 If you are interested in renting out a Palm Isle Village cottage please visit Anna Maria Islands premier vacation rental service.
* The estimate of costs on a monthly basis have several assumptions. While most assumptions are deemed reasonable I ultimately suggest you call for details of our analysis and ensure your specific financial situation meets assumptions already made by consulting with your Certified Public Accountant
Are you renting on Anna Maria Island or in Bradenton? Why rent annually when you can begin to build equity in real estate? Fantastic 2 bedroom 2 bath furnished condo located in Wildwood Springs for $89,100. That’s right, $89,100. With assistance for first time home buyers and property prices rolled back more than 5 years now is the perfect time. The lowest 2 bedroom condo in Wildwood Springs is ripe to be picked up by a renter that wants to start to build equity and potentially take advantage of some Federal Income Tax relief.
More details on the second floor Bradenton Condominium… The enclosed lanai opens to wonderful tropical landscaping. The condominium complex has tennis courts, pools, and plenty of sidewalks. Property includes one carport and includes furnishings. Kitchen is equipped with newer appliances including a ceramic top stove with built in stove fan and microwave. Tons of closet storage, outdoor storage and big master bedroom with attached bath. Just minutes from lots of shopping and gorgeous white Anna Maria beaches. Lowest price on market and ready to move in. Price has just been reduced, act now before it is too late.
For more information on this fantastic condo please give me a call at (941) 345-1288. I am a Real Estate Professional with Island Real Estate of Anna Maria Island, Inc
Looking for a vacation rental on Anna Maria Island? Look no further. Island Real Estate has over 150 hand picked vacation rentals on Anna Maria Island, Florida. Island Real Estate’s office is open 7 days per week to ensure any day of the week they service your vacation rental needs. Whether you are looking for an Gulf Front Beach Cottage or luxury accommodations Island Real Estate has the widest variety of Vacation rentals on Anna Maria Island.
Island Real Estate manages properties that can accommodate over 50. That’s right, over 50 guests. We have several options. Beach Cottages with Gulf Views, Direct Gulf Front Condominiums or a cluster of homes West of Gulf Drive. Visit their exclusive Vacation rental Last minute specials page for some phenomenal accommodation deals.
Be sure to visit the premier Anna Maria Island Vacation Rental website where accurate on-line availability can be found through simple or complex vacation rental searches. Most properties have virtual tours and all properties have received Island Real Estate’s exclusive rating from Bronze to Platinum to ensure all their rentals measure up to guest expectations.
May 2009, Florida’s Existing Home and Condo Sales Up.
ORLANDO, Fla., June 23, 2009 – Florida’s existing home sales rose in May – the ninth month in a row that sales
Florida Real Estate
activity increased in year-to-year comparisons. This is according to the latest housing data released by the Florida Association of Realtors® (FAR).
Florida real estate sales showed gains over the previous month’s sales in both existing home and existing condo real estate markets. More impressive is for the first time in many months, the Florida median sales price in May rose over the previous month’s figure, April.
Existing home sales rose 16% for the month of May with a total of 13,921 homes sold compared to 12,044 homes sold in May 2008, according to FAR. Florida Realtors reported existing home sales in May, increased 6.2% over April’s activity. Florida existing condos rose 21 % for sales in May and existing condo sales in May rose 3.8 % versus April.
“The improving sales of existing single family homes and condos is a trend we have been seeing for several months in Florida – what is new in this month’s data release is that we are seeing evidence of prices beginning to firm,” says Dr. Sean Snaith, director for the University of Central Florida’s Institute for Economic Competitiveness. “While one month of data does not a trend make, it is the first green shoot we have seen in some time as far as prices are concerned; until prices stop declining, we cannot state with confidence that the housing market has stabilized. Sales have risen to levels we have not seen since 2006, though the economy still faces headwinds. As credit markets begin to thaw this will help speed along this process of recovery in the housing market.”
Statistics courtesy of Florida Association of Realtors.
Palm Gable is a new condominium complex located directly on the Gulf of Mexico. The luxury condominium is in Holmes Beach on Anna Maria Island. The pool is in front of the complex which is fairly rare on Anna Maria, Fl. 108 36th street has been listed for sale, $1,490,000. The three bedroom, two and a half bath has more than 2000 square feet with lots of custom features. Several built in cabinets, custom electronics, and granite can be found everywhere.
The Anna Maria Island complex boasts plenty of parking with gated access. The huge outdoor patio is perfect for enjoying Florida as well as the million dollar sunsets. One last note, the luxury property allows weekly rentals which are sure to assist with operational expenses. Direct Gulf Front vacation rentals typically demand $3000 per week in high season and a little more than $2000 in the low season which is early Fall. For more information on investment property tips be sure to visit my Anna Maria Island Vacation rental blog.
Hidden Cove is a fantastic condominium complex that Island Real Estate manages. The name “Hidden Cove” was well chosen. The entrance to the direct gulf front condo is hidden and can be difficult to find although not impossible. The Gulf Front condominium was designed to maximize Gulf views inside and out. Note: click on each picture for a virtual tour on each Hidden Cove vacation rental property Island Real Estate manages.
The interior design all flows towards the Gulf of Mexico. The kitchen is towards the back overlooking the dining and living areas. At the end of the living area are three floor to ceiling 12′+ high window/sliding doors. Look through the glass to see an amazing view of the sand and Gulf. A half bath is just behind the kitchen on the first floor. The second floor has two bedrooms with attached baths. The Master Bedroom boasts similar views as the living area and has a deck off sliders so that a night cocktail can be enjoyed outside on your private deck. Take in the stars or a full moon over the Gulf of Mexico.
Lastly the most important features of all, the outside areas. The pool is behind the condominium and offers a
Hidden Cove Pool
refreshing dip. There is tropical lush landscaping at the pool. At the front of condominium is a unique deck system that is accessible from the living area of the condo. Due to the openness of the deck system, sitting on the deck creates a more intimate experience with the beach. Don’t take our word for it, give the vacation rental specialists at Island Real Estate a call and book one of three Hidden Cove’s for yourself.
September through mid-January offer 30%+ discounts with the same balmy breezes and wonderful Gulf of Mexico. If you are searching for a place to hang you hat for a lifetime then visit Anna Maria Island’s property Specialist for more information on Anna Maria Real Estate.
Click on the pictures below to see a larger view. For an even large view click once more!
For the best luxury rental properties on Anna Maria Island visit Island Real Estate’s website. Located at 6101 Marina Drive the office is located in the heart of Holmes Beach and at the center of Anna Maria Island. Visit the office seven days per week or call their toll free number at 877 778 6066. The website offers real time accurate availability as well as ratings for each property using a stringent 10 category system. Take the scavenger hunt out of finding
Island Real Estate
accommodations on Anna Maria Island, check out Anna Maria’s leading real estate and vacation rental company, Island Real Estate.
Learn more about Larry Chatt - Broker Island Real Estate of Anna Maria Island, Inc.
Office Phone (941) 778-6066
Cell Phone (941) 224-4072
Alt. Phone (941) 345-1288
Fax (941) 778-6306
Email - Larry Chatt
6101 Marina Drive, Holmes Beach, FL 34217
