Anna Maria Island Real Estate Market October 2016
This market report shows residential property only including condos, town homes and single family homes. The Anna Maria Island real estate market report for October 2016 does not include income property or vacant land. Anna Maria Island includes the cities of Anna Maria, Holmes Beach and Bradenton Beach. Let’s break down the numbers for you.
There are currently 239 homes for sale on Anna Maria Island. The average list price is $1,081,599. The average home size is 1,927 square feet and is 3 bedrooms with 3 full baths.
The lowest price listing currently on the market is at the Sandpiper Resort Co-op, a 55+ manufactured community in Bradenton Beach. It’s a 1 bedroom/1 bath and 320 square feet for $169,000. The highest price home currently on the market is on Mangrove Ave in the city of Anna Maria for $5,995,000. It has 4 bedrooms, 5 ½ baths and is 6,900 square feet. It’s gulf front with 2 lots.
In October of 2016, 20 homes sold with an average of 117 days on market. On average, the homes sold on Anna Maria Island for 95% of list price. The average sold price was $548,675 at $407 a square foot.
8 homes went under contract and are still being marketed for backup offers. That’s when you might see a AWC which is Active with Contract. In the near future, our local Multiple Listing Service will be discontinuing the use of the Active With Contract category, so that will not be on future reports or visible in online listings.
27 homes on Anna Maria Island are pending sales, which means they went under contract but have not yet closed. The average list price for the pending sales is $462 a square foot. The average list price of the pending homes is $794,693.
At the current rate of homes selling, Anna Maria Island has a little less than 9 months of inventory. That still shows a buyer’s market. A balanced market would be 3-6 months of inventory. Housing inventory higher than 6 months, it’s a buyer’s market. Housing inventory lower than 3 months shows a seller’s market.
Every market is different, every home is different, every buyer’s and seller’s motivation to buy or sell is different.
If you’re thinking of buying or selling a home on Anna Maria Island, contact us – Jen and Mark Bowman, Keller Williams on the Water at 941-840-0117. We provide international exposure for your listing. For out of town buyers we do custom live video tours of the homes you want to see.
What’s your Anna Maria Island home worth?
For a market analysis on your home please contact us at 941-840-0117 or fill out this form.