The Anna Maria Island Sun Newspaper


Vol. 16 No. 51 - October 19, 2016

REAL ESTATE

Everybody loves real estate

 

The holiday season is just around the corner with Halloween next week, Thanksgiving in a month and then, of course, all of the Christmas and New Year's festivities. And I can guarantee you that one of the main topics of conversation at all of the holiday parties will be the real estate market.

Everybody loves to talk about real estate and many of us make perusing real estate search engines, if not a sport, then certainly an entertaining pastime. According to research published by Google in August, Americans spend an average of 55 minutes per online visit with real estate apps on their phones. Well, after all what else is there to do in the doctor's waiting room?

Google further reported that customers start early in the morning and continue throughout the day, considering "shopping for real estate fun." Whether it's on their smart phones or home or office computer, Americans are so addicted to home shopping online that 64 percent say they keep checking out houses and home values long after they have purchased a home. In addition, on average consumers start hunting for real estate three years before they actually buy. Also, only one in five of the people checking out homes on real estate apps and websites are actually in the current market to purchase a home.

I personally have an addiction to Realtor.com, and I receive Trulia alerts when a new property is listed in zip codes I'm interested in, however, there are lots more to choose from: Zillow, Yahoo Homes, Homefinder.com and Redfin, to name a few. Also, realtor associations around the country allow public access to their local multiple listings, as well as individual real estate companies, where you can access their listings and multiple listings through their websites.

So, since we're all obsessed with the real estate market, how are we doing? Well nationally home purchases in the month of August were reduced by 0.9 percent from July per the National Association of Realtors, but up 0.8 percent from August of last year. The market is still struggling with high prices as the result of a shortage of homes for sale and an economy that can't really get moving.

Around here, Manatee County closed 13 percent more single-family homes in August of this year than August of last year, with an average sale price of $314,827, down just slightly from last year's $315,419. The median time to sell is also almost the same with 91 days this year and 92 last. Active listings are up 15.7 percent this August over last August with a 4.2-month supply of single-family homes available this year compared to 3.5 percent last year.

Condo sales were way up in August of this year compared to last to the tune of 45.2 percent, with the average sale price at $199,197 this year compared to $209,994 last year slightly down. Median time to sell was similar, 99 days this year compared to 94 last, and active listings were up this year by 17.8 percent. Monthly supply of inventory was almost the same at 3.8 months this year compared to 3.7 last.

Right now, our on the market numbers are a little higher, which is good for the market, but we continue to be well below the healthy six-month supply of available inventory. When the busy selling season starts these supply numbers will be interesting to follow.

Time to start working those real estate apps before the holiday cocktail parties. You don't want to look like you're not keeping current. God knows there isn't anything else to talk about this year!

Real Estate Transactions
Real estate transfers of June 2016

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

16-07-11 625,000 525,000 122 Oak Ave 1176 3 Br/2 Ba SFR 16-07-08 745,000 689,000 405 Spring Ave 1696 4 Br/3 Ba SFR 16-07-01 899,000 850,000 302 Tarpon St 1878 3 Br/2 Ba SFR 16-07-05 1,099,000 919,000 525 Kumquat Dr 2288 3 Br/2 Ba SFR 16-07-22 1,200,000 1,100,000 116 Peppertree Ln 1996 3 Br/2.5 Ba SFR
16-07-14 1,250,000 1,153,500 229 Chilson Ave 1597 3 Br/3 Ba SFR 16-07-21 1,250,000 1,170,000 238 Lakeview Dr 2281 3 Br/2 Ba SFR 16-07-25 1,745,000 1,600,000 909 N Shore Dr 1868 3 Br/3 Ba SFR 16-07-25 3,500,000 3,300,000 825 N Shore Dr 3486 3 Br/4.5 Ba SFR
16-07-21 620,000 580,000 218 Palmetto Ave 1648 52x100 Duplex
16-07-15 399,000 350,000 710 N Shore Dr 60x85 Vac.
16-07-07 495,000 470,000 401 S Bay Blvd 76x105 Vac

Bradenton Beach

16-07-01 1,495,000 1,495,000 106 4th St S 3000 6 Br/5 Ba SFR 16-07-01 379,900 349,000 1301 Bay Dr N #5a 1079 2 Br/2 Ba Condo
16-07-28 610,000 585,000 1417 Gulf Dr N #1417 1524 3 Br/2.5 Ba Condo

Cortez

16-07-26 1,800,000 1,720,000 12614 Baypointe Ter 4677 3 Br/3.5 Ba SFR
16-07-12 123,500 107,500 12334 Baypointe Ter 110 x 151 Apx Vac.

Holmes Beach

16-07-11 489,000 475,000 406 Bay Palms Dr 1332 2 Br/2 Ba SFR 16-07-06 549,000 490,000 308 56th St 1080 2 Br/1 Ba SFR 16-07-12 579,000 575,000 208 Haverkos Ct 2181 65x98 3 Br/2.5 Ba SFR 16-07-18 619,000 620,000 5802 Imperiore Ave 1020 2 Br/2 Ba SFR 16-07-20 650,000 650,000 304 60th St #B 1150 3 Br/2 Ba SFR 16-07-15 849,000 790,000 206 67th St 2139 4 Br/3 Ba SFR 16-07-27 999,000 975,000 307 74th St 1676 3 Br/3.5 Ba SFR
16-07-11 1,299,000 1,185,000 671 Key Royale Dr 2885 221x78 3 Br/2.5 Ba SFR
16-07-19 2,190000 1,800,000 512 59th St 4544 6 Br/4.5 Ba SFR 16-07-11 2,399000 2,100,000 625 Key Royale Dr 3118 4 Br/3.5 Ba SFR
16-07-05 375,000 350,000 3215 Gulf Dr #3215 672 1 Br/1.5 Ba Condo
16-07-01 360,000 360,000 600 Manatee Ave #205 1187 2 Br/2 Ba Condo
16-07-01 389,000 375,000 3402 Gulf Dr #3 359 2 Br/2 Ba Condo
16-07-18 415,000 392,000 5806 Gulf Dr #204 1078 2 Br/2 Ba Condo
16-07-15 499,900 485,000 6006 Gulf Dr #111 1154 2 Br/2 Ba Condo
16-07-11 395,000 367,500 3009 Avenue E 751 2 Br/1 Ba Villa
16-07-26 469,000 425,000 5613 Guava St #A&B 1580 57x105 Duplex

Source: Mid Florida Multiple Listing Service


AMISUN ~ The Island's Award-Winning Newspaper