The Anna Maria Island Sun Newspaper

Vol. 14 No. 18 - February 26, 2014

REAL ESTATE

End of year comparisons

 

New Year’s Eve may have been almost two months ago, but we’re just now getting statistics and trends from 2013. And one group of statistics that the real estate community awaits each year is the fourth quarter and year- end comparisons. Mid-February the national and local year-end sales statistics were published. Nationally, the news was a little bit of a mixed bag, but locally, we’re doing great, so for all of you numbers people here we go.

The National Association of Realtors announced that overall the median price of an existing home rose 10.1 percent in the fourth quarter to $196,900 from a year earlier. This was, however, down from 12.5 percent in the third quarter. Lawrence Yun, the National Association of Realtor’s chief economist said that, in his opinion, there was a slowdown because buyers were taking a second look at the market, especially in areas where the prices have increased 20 percent to 30 percent.

Some of the hardest hit regions, Atlanta, Los Angeles, Jacksonville and Sacramento, where investors were pouring into the market place, have cooled off a little, probably a good thing. According to the National Association of Realtors, in spite of some slower growth right now, California has four of the nation’s five most expensive markets with San Jose leading the pack at a median single family home price of $775,000.

The Manatee Association of Realtor’s year end comparison statistics comparing 2013 to 2012 are also pretty impressive. Sales of single-family homes in Manatee County increased 12.7 percent from 4,981 in 2012 to 5,612 in 2013. The median price rose 19.4 percent from $180,000 to $215,000 and the average sale price rose 13.2 percent from $240,274 to $272,050. In addition, the days on market came down 19.9 percent from 53 in 2012 to 43 in 2013.

The numbers for townhouses and condos for closed sales increased 12.4 percent with 2,051 sold in 2012 and 2,305 sold in 2013. The median sales price was up 18.1 percent from $110,000 to $129,900 and the average sales price was up 11 percent from $152,851 to $169,675. The days on market were a real shocker dropping 31.1 percent from 80 in 2012 down to 55 in 2013.

As we know, Anna Maria Island’s numbers are even better than the county as a whole, and our listing prices are amazing, as I reported two weeks ago in this column. So is this a good thing or are we headed for trouble again?

Nationally, it looks like buyers are remembering the bubble years and are not jumping into the market with the same frenetic pace as they were before the bubble burst. Good for them. No one should be caught on that out of control train again.

Locally, I’m still worried, but it appears that not even the flood insurance controversy is having that much of an impact across the board, as I personally would have thought. Anna Maria Island is such a sought after destination and so unique, even for Florida, the buyers and visitors keep coming.

So that’s my year- end report. The real estate market is good, and the stock market has also turned around. So now you can go back to your beach chair and book and not think about it for another year. That’s assuming you can find the beach – that would be the place with the sand, the water and the thousands of beach umbrellas – the price we pay for beauty and increasing real estate values.

Real Estate Transactions
Real estate transfers as of October 1-31, 2013
Sponsored by Alan Galletto Island Real Estate

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

Anna Maria

12/03/2013 899,000 845,000 796 N Shore Dr 2520 50x100 3 Br/3.5 Ba SFR, Bank Owned
12/09/2013 849,000 800,000 238 Gladiolus St 2202 102x105 3 Br/3.5 Ba SFR
12/09/2013 1,479,000 1,387,000 103 Seagrape Ln 1221 2 Br/1 Ba SFR 12/19/2013 999,000 945,000 308 Palm Ave 1952 72x116 4 Br/4 Ba SFR 12/26/2013 1,195,000 1,050,000 803 Gladiolus St 3290 72x128 5 Br/4.5 Ba SFR 12/19/2013 320,000 290,000 510 N Bay Blvd 50x62 Vac.
12/30/2013 2,690,000 2,090,000 100 Park Ave 112x400 Vac.
12/30/2013 2,690,000 2,125,000 101 Park Ave 106x460 Vac.
12/30/2013 2,690,000 2,125,000 100 Beach Ave 106x498 Vac.

Bradenton Beach

12/10/2013 149,000 140,000 1603 Gulf N Dr # 30 380 1 Br/1 Ba Condo
12/17/2013 187,900 177,000 1801 Gulf N Dr # 256 691 1 Br/1 Ba Condo 12/17/2013 189,900 189,000 1801 Gulf N Dr # 108 691 1 Br/1 Ba Condo 12/18/2013 369,000 366,000 1325 Gulf N Dr # 171 1392 2 Br/2 Ba Condo 12/30/2013 169,000 161,000 117 7th N St # 12 729 2 Br/1 Ba Condo

Cortez

12/17/2013 189,900 185,000 9604 Cortez Rd W 323 1218 2 Br/2 Ba Condo 12/20/2013 684,900 625,000 4244 Marina Ct # 121 2307 3 Br/2 Ba Condo

Holmes Beach

12/09/2013 595,000 582,000 5613 Gulf Dr 1422 100x105 2 Br/2 Ba SFR 12/16/2013 1,199,000 1,075,000 691 Key Royale Dr 2055 100x150 3 Br/3 Ba SFR
12/19/2013 1,975,000 1,500,000 4410 2nd Ave 1942 75x200 3 Br/2 Ba SFR 12/19/2013 3,250,000 3,100,000 95 52nd St 2988 3 Br/3.5 Ba SFR 12/20/2013 739,900 571,500 311 65th St 2690 3 Br/2 Ba SFR, Short Sale
12/23/2013 550,000 515,000 526 68th St 1582 80x110 3 Br/2 Ba SFR 12/30/2013 610,000 610,000 627 Dundee Ln 1687 3 Br/3 Ba SFR 12/30/2013 439,000 427,500 213 77th St 1985 4 Br/2 Ba SFR 12/03/2013 299,000 290,000 3801 E Bay Dr # 204 1146 2 Br/2 Ba Condo 12/11/2013 521,000 475,000 4200 Gulf Dr # 105 1008 2 Br/2 Ba Condo 12/17/2013 2,999,900 2,622,000 3716 Gulf Dr # A 3247 3 Br/3.2 Ba Condo 12/20/2013 949,000 910,000 6700 Gulf Dr # 4 1513 3 Br/2.5 Ba Condo 12/24/2013 449,000 480,300 4105 5th Ave # N/A 1994 3 Br/2 Ba Condo, Short Sale
12/30/2013 194,900 175,000 3010 Avenue C 1200 50x100
12/06/2013 409,000 1,100,000 3522 6th Ave # C 1357 50x100 Inc
12/06/2013 1,225,000 1,100,000 3501 Gulf Dr # 1n 3806 100x100 Inc
12/12/2013 970,000 850,000 110 72nd St 2125 100x100 Inc
12/12/2013 699,000 645,000 111 78th St 1596 64x80 Inc
12/17/2013 425,000 395,000 2910 Gulf Dr 1517 50x100 Inc
12/30/2013 194,900 175,000 3010 Avenue C 1200 50x100 Inc
12/20/2013 450,000 315,000 3004 Avenue C 150x100 Vac

Source: Manatee County Property Appraiser’s Office


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