Posts Tagged ‘single family’

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.