Hello Carol Ann,
The simple answer to your question is yes. For the year 2011 the Island actually saw on average, appreciation of 4-6%. While 2012 has been a phenomenal transaction year for Anna Maria Island we have not seen as considerable appreciation of propery values. The 2012 data can be very deceiving depending on whether the buyer considers median or average statistics as well as type of property and location on Anna Maria Island. Rather than bore you with details of where we were let me pull out the Anna Maria Island real estate crystal ball. Many housing economists use inventory absorption as a leading indicator of prices. Inventory absorption is a fancy term for how many months of property is for sale relative to the past. At the end of 2012 Anna Maria Island has 30+% less real estate for sale as compared to an average year. 2012 saw the second highest number of real estate transactions in the history of the island only to be beat by 2005 transactions which was the high of the real estate boom. So, if you believe in supply and demand, demand is 30%+ higher than an average year and supply is 30% lower than an average year. Most would consider those strong indicators that Anna Maria Island is due for another 5+% appreciation year. Hopefully this information will allow you to be the judge.