Summer Real Estate Snapshot for all Anna Maria Island

Larry Chatt here, I hope everyone is enjoying their summer? Real Estate on Anna Maria Island has been a mixed bag of results for buyers and sellers for the last six to twelve months. If you are a buyer looking for product that is 5+ years or older and may need a renovation here or there then life is grand. There is plenty of great real estate for sale on Anna Maria Island and sellers are recognizing demand is low which requires reducing price as needed. Of course a great situation for buyers but not so good for sellers.
On the other hand, if you are a buyer looking for new construction you are likely becoming frustrated over the high demand of new real estate. High demand correlates with little negotiating room for buyers and sellers know it. Sellers are still negotiating but very little. New construction prices are being driven higher and higher and appear no relief in sight. At least for the last five years one thing is true, if you are a buyer of new construction, the sooner you buy the less it will cost.
Our local naughty 7 letter word, Red Tide, did impact real estate on Anna Maria Island last year. This is evidenced by inventory absorption for the last quarter of 2018 and first quarter of 2019. Inventory absorption often provides a leading indicator of the health of supply and demand for real estate in an area. Our chart measures how many months of real estate is for sale during a given snapshot in time. The chart shows for the first time in almost 10 years we saw two data points of Anna Maria Island real estate inventory exceeding 12 months. The good news is that in the second quarter of 2019 demand has bounced back and we seem to be back in normal territory.
If you have any questions about Anna Maria Island Real Estate please call on any of our full time real estate sales professionals. We would love the opportunity to help!

2018 Market Summary for Anna Maria Island by Lawrence Chatt, Broker

Results are in for Anna Maria Island Real Estate for 2018. I would like to discuss each category of real estate then will move on to the overall health of Real Estate on Anna Maria Island.

Single family homes on average were flat for 2018. The amount of single families sold (234), average sold price ($1,050,000), and days on market (135) are all flat as compared to results from 2017. One notable difference this year is the amount of single family homes on the market at 179 versus end of 2017 at 139. Average for the last 4 years has been 170 single family homes on the market in December. While a big jump from last year the inventory of 179 falls right in line with a normal year.

Condos for sale on average improved versus 2017. Condos have lagged single family home results so not big surprise condos caught up a little in 2018. More specifically, on average condo prices were up 3%, transactions were flat (131), Days on the market flat (138) and inventory was down 15% (73). If you have been considering selling a condo, now might be a good time to throw your hat into the ring since the average inventory in the last 4 years has been 85 and currently our supply is low.

Multi-family/ Duplexes and Land are all relatively flat as compared to 2017. There is relatively no movement for duplexes however for vacant land there are two noticeable results for 2018. The first is appreciation on average of 6% versus 2017. Fairly significant however the “mix” of sold vacant land could be the culprit as only 9 vacant lots were sold versus an average year of 19 and 2017 of 18. Of course as vacant land becomes more and scarcer on the island this stat is expected to continue to reduce slowly. However I believe escalating building costs and the fact land plus build cost in most cases exceeds the price of relatively new product on Anna Maria Island has contributed to the slowdown in 2018.

Finally where would be in this world without charts? Below is a chart that provides the quarterly sales since 2005. Of course this is the demand side of the Anna Maria Island absorption rate. Sales for the 4th quarter of 2018 is low and the last time we saw transactions for the 4th quarter hovering around 60 was in 2011. 2018 transactions, (397) ended a little higher than the 4 year average of 390 so 2018 for demand was an average year. Red tide is likely the culprit of the 30% drop in sold properties for Q4 and its encouraging our new governor of Florida is taking red tide seriously and within weeks of being sworn in is taking some progressive steps towards ensuring red tide is stamped out. Definitely something we will all keep our eye on for 2019.

As always, email or call if you have further questions. We would love the opportunity to help find your “peace” of paradise on Anna Maria Island or its surrounding areas. Here’s to a prosperous, healthy and red tide free 2019. I very much appreciate your business!

Local Lawn Care – Shady Lady Horticultural Services

Founded in 2012 by Anna Maria Island resident Joan Bowling, Shady Lady Horticultural Services provides service with a focus on the specific and unique needs of island properties. For example, sea spray can end up with plantings looking rather plain. The simple addition of salt tolerating colorful shrubs and moisture holding mulch make for a much nicer view.  A nice balance of form and function.

Shady Lady Horticultural Services prides themselves by offering turnkey solutions for island residents. Shady Lady offers landscape design, construction and maintenance services with both native plants and custom designs.

Shady Lady’s design services are unmatched, offering both residential and commercial solutions. They use a “Best Practices Approach” to construction and provide service worthy of their island neighbors.

Local Lawn Care – Stewart’s Landscape Management

Stewarts Landscape Management has been serving locals since 1980 with full service residential and commercial landscaping and maintenance. They provide design and construction services, grounds maintenance, plantings, holiday decorating, and specialty outdoor spaces, comprehensive all season maintenance services.

Stewarts Landscape Management has a single focus – to be Extraordinary FROM THE GROUND UP. Complete customer satisfaction is what they are all about. The entire staff is committed to ensuring that the job is done right the first time, on time. They are recognized as one of the premier landscape companies in the area, and this did not happen by chance, rather they earned it as a result of dedication and hard work. At the end of the day, when the job is done, the quality results speak for themselves – customers understand that Stewarts Landscape Management is beyond a doubt Extraordinary FROM THE GROUND UP.

Their success begins with a team of experienced professionals. Many employees have been with the company for years and are knowledgeable in all aspects of landscape construction, installation and maintenance.

Stewarts provide complete project management, designed with each client’s unique needs in mind. This has made us one of the most respected landscaping companies in south Florida. The staff at Stewarts Landscape Management looks forward to working with you on your next residential or commercial project.
In a world of mega marts and multinational corporations it’s nice to know that at Stewarts Landscape Management you can still get personalized service. They can customize a maintenance program that meets your needs and fits into your budget.
For our commercial customers your business partners they know the importance of “Curb Appeal”. Your landscape is the first thing a customer sees as they arrive at business and the last thing seen when leaving.
Whether it is a residential home or a multi-million dollar commercial property, as a full service landscape company you can rest assured that your property will always look its best.
Reach Stewarts Landscape Management at 941-778-6036.

AFTER CLOSING – NOW WHAT? Lawn Tips

AFTER CLOSING: So your Island Real Estate Sales Agent has been there with you through the closing, but the work isn’t done! You’ll need local vendors for both routine maintenance and special projects. Critical to keeping your curb appeal is choosing a landscape maintenance vendor that is right for what you envision your property to be. Some homeowners prefer a precision trimmed yard and others love to have the native plants grow lushly for a more tropical feel. It’s important you both are familiar with any currently installed irrigation systems at your new home and ensure the timers are set around local watering rules, if any.

Discussing fertilizer and pest control spray procedures and schedules is important too so make sure to add that to your list when interviewing landscapers. Keep in mind growing seasons are unique in Florida where we are considered a sub-tropical zone for planting.

We have had good experiences with: Stewarts Landscape Services; 941-778-6036, Chad’s All in One; 941-713-3790 and Shady Lady Horticultural Services, 941-704-9025.  Continue reading AFTER CLOSING – NOW WHAT? Lawn Tips

Anna Maria Island Market Conditions for 4th Quarter 2018

 

Anna Maria Island real estate continues to be robust with what seems to be a healthy amount of supply and demand.  Our proprietary inventory absorption metric has spiked in the fourth quarter of 2018 to 11 months of Anna Maria Island real estate for sale but would not characterize the spike as an indicator of problems ahead as we have reached 11 months of inventory for sale on the island several times in the past 5 years.  More specifically 1st and 4th quarter of 2016.  For the last 5 years our real estate for sale has averaged a little more than 8 months on hand.   How well inventory is turning is a great leading indicator for real estate.  It provides a relative measure when supply and demand is out of balance and provides an indicator to watch for movement into a buyer’s market.

For the last five years average transactions per month has ranged from 45 to 22 with the low occurring this quarter at 22.  We have dipped into the twenty’s for number of property transactions 6 out of the last 20 quarters so it is nothing new.  Inventory remains low at 257 so supply and demand continues to remain at what seems to be a healthy balance.  For the last five years our total real estate for sale on Anna Maria Island has ranged from about 350 to 250 properties.  The average for the last five years has been 283 properties for sale at least according to Mid Florida MLS figures.

Happy Holidays!  We hope everyone is staying warm during this cold season.  The island has been unseasonably warm up until December and we are starting to see a few cold snaps and dipping into the 40’s occasionally at night.  Brrr…

Please be sure to call Island Real Estate for your Anna Maria Island real estate needs.  All our sales professionals are full time and we don’t have any weekend warriors dabbling in real estate on the side.   We would love the opportunity to help!

Waste Collection Schedule for Anna Maria Island

If you are visiting or relocating to Anna Maria Island, it is important to be aware of the waste collection schedule for all three Island cities. Below, you will find the garbage and recycling pickup days for Anna Maria City, Holmes Beach, and Bradenton Beach.

Anna Maria Island Waste Collection Schedule 

Holmes Beach:
Household Garbage (solid waste) – Collected on Mondays and Fridays
Residential Recycling – Collected on Tuesdays
Residential Yard Waste – Collected on Wednesdays

Anna Maria City:
Residential Yard Waste and Recycling – Collected on Mondays
Household Garbage (solid waste) – Collected on Mondays and Fridays.


Bradenton Beach:

Household Garbage (solid waste) –  Collected on Monday and Thursday
Residential Recycling – Collected on Thursday
Residential Yard Waste – Collected on  Wednesday

 

Community Center on Anna Maria Island

Center of Anna Maria Island

The Center of Anna Maria Island, located in Anna Maria City, is a non-profit community center open Monday – Saturday.  The Center provides an abundance of different human service needs for children, seniors, and every age group in-between.

Whether you’re looking to take up a karate class with the whole family, or get out of the house by-yourself for the Center’s yoga class, there are tons of fun activities to take part in for everyone.

Along with the variety of classes taught there (Meditation, Cycling, Tai Chi, etc.), they also provide an awesome before and after school program, summer camps (ages 5 – 14), and different recreational sports.

Becoming a member is easy, and a great way to meet new people. You can get individual annual passes, or a family pass for only $105 a month. If you’re visiting Anna Maria Island for a vacation, the Center also does daily, weekly, or monthly passes.

 

Address: 407 Magnolia Ave, Anna Maria, FL 34216
Phone: (941) 778-1908

Bridge Street Market in Bradenton Beach

If you have visited our wonderful little island of Anna Maria, then you have probably been to Bridge Street in Bradenton Beach. If you haven’t, then you’re missing out on a lot!
Especially if you are on the Island anytime between November and April. Because that is when the Bridge Street Market takes place!

 

 

Bridge Street Market is held from 10:00 am – 3:00 pm every Sunday in November, through April. The market is located at 107 Bridge Street in Bradenton Beach. Visit your favorite vendors and enjoy fantastic food, beautiful art and jewelry, great local musicians, fresh produce, and much more!

Address: 107 Bridge St, Bradenton Beach, Florida 34217
Contact Number: (215) 906-0668

 

Yoga on Anna Maria Island

beach yoga, sup yoga, and so much more! 

 

If you’re staying/living on Anna Maria Island and looking into beginning yoga, or are already an experienced yogi, then you definitely want to continue reading this blog.

 

AMI is the perfect place to get your yoga on, and luckily, there are a few different local options when it comes to finding the right instructor for you. Below are four companies based on Anna Maria Island that will definitely help with developing your yoga skills.

 

 

Starfish Yoga
Starfish Yoga offers Beach Yoga, Vinyasa Flow, Gentle Yoga, Restorative Yoga, Chair Yoga, Meditation, Breath Work, as well as Arm Balances and Inversions. You can take private yoga classes at the studio, your own home, a special event, or even the beach!
Teacher:
Rachel Kisellus
Phone: 941-405-3377

 

Take part in a beach yoga class! Photo courtesy of Island Yoga Space

 

Island Yoga Space
Along with owner/directer Cindy Phillips, there are 6 other yoga teachers at Island Yoga Space. They offer quite a few different classes, including; Gentle Yoga, Flow Yoga, Restorative Yoga Therapeutics, Basic Express Flow Yoga, and more! Island Yoga Space also does beach yoga every Saturday morning, and even has a SUP yoga class you can register to take.
Teacher(s): Cindy Phillips, Frannie Hoffman, Jenny Bieselin, Hillary Bardwell,  Rachael Croll, Nicole Cook, and Angela Simone.
Phone: 941-224-0292

 

 

A SUP Yoga class by Salty Buddha Paddle & Yoga Co

Salty Buddha Paddle & Yoga Co
Salty Buddha Paddle & Yoga Co offers SUP yoga classes. Owner/instructor, Rachael Croll, will guide the group through a yoga lesson on the water during the daytime, or the evening during her Sunset SUP Yoga.
Teacher: Rachael Croll
Phone: (941) 932-3671

 

 

Aluna Wellness Center & Spa
Aluna Wellness Center & Spa has two yoga classes, both taught by yoga teacher Jennifer VanGraupen. There is a Basic Hatha Yoga every Saturday morning, and a Yoga Nidra class every 1st and 3rd Sunday of the month.
Teacher: Jennifer VanGraupen
Phone: (941) 778-8400