What do the numbers reveal about the Anna Maria Island real estate market?
In the last 12 months there has been a nearly 19% increase in sales over the previous year. Inventory of properties for sale in November 2012 was 323, the lowest since the 2005 market bubble and the crash high of almost 1000 in 2006.
What are the visible signs of real estate activity?
Within a few blocks I observed 7 properties under construction. Two are in the process of demolition, one is new, and the rest are remodels of existing structures.
This house sold for $695,000 recently. It has expansive water views of Bimini Bay and boat access to Tampa Bay and Gulf of Mexico without going under any bridges.
It is being demolished for a new house.
