The Anna Maria Island Sun Newspaper

Vol. 14 No. 12 - January 15, 2014

REAL ESTATE

Duck Dynasty real estate

 

I had to do it, I had to watch an episode of Duck Dynasty after last month’s uproar over patriarch Phil Robertson’s, shall we say, insensitive comments. Well, as luck would have it, the one and only episode I choose to watch was about buying real estate. I couldn’t have been happier if Donald Trump himself called me with real estate advice.

For those of you who aren’t familiar with Duck Dynasty basically it’s a reality TV show about a family from Louisiana who became wealthy by selling products for duck hunters. Well, what do wealthy families do, they move up to larger homes and in the words of Miss Kay Robertson, start to enjoy their money “after all we deserve it.”

Well good old Phil didn’t quite see it that way. His idea of a good hunt was not hunting houses, but hunting ducks, preferably from the back deck of his house. After all if you can’t shoot something right out your back door, what good is the house? Well, you get the picture.

But Miss Kay was actually on to something since the 2014 housing picture looks pretty good for stepping up to your family’s dream home. Although the houses the Robertson’s realtor showed them might have been a little too McMansion for Phil with frescos on the ceilings and spas on the deck, most of us would have been in heaven.

Trulia chief economist Jed Kolko has stated that the coming year should be a good mix of buyers. Not only will there be families finally moving up, but also first time buyers, who are encouraged by the economy leveling off. This is a really healthy place for the real estate market to be in rather than all those years of catering to all cash investors.

Increasing mortgage rates dictated, by the Federal Reserve’s bond buying program, will also serve to stabilize the market, since buyers now know that the previous years of low rates are coming to an end and will finally get that this is the time to make their move.

Mortgage rates will probably move above 5 percent, and in some markets, mortgages may be easier to get, but since there are still a lot of new mortgage regulations starting this month banks will continue to be cautious. Also the supply and demand of properties is pretty much in line keeping both buyers and sellers in more of a reality zone and encouraging builders to move forward with projects.

The one slightly dark note on the horizon is that nationally the home price appreciation index is predicted to be less than last year, increasing only by an estimated 3 percent versus 5.2 percent in 2013. Overall, after years of instability in the housing market, this could be the year where things return to more of a vigorous and stable footing.

It certainly was a good year for the Robertson family, who during the episode I watch were also celebrating 40 years in their Duck Commander business by building the world’s largest duck call. I’m not sure I learned anything about real estate from Phil and Miss Kay’s little excursion, but I certainly learned something about the 12 million viewers of cable TV’s biggest hit.

Let’s just say if youth is wasted on the young then granite and stainless steel will likely be wasted on the Robertsons. Don’t waste your buying opportunity. Go out and shoot a house before they all fly away.

Real Estate Transactions
Real estate transfers as of May 2013
Sponsored by Alan Galletto Island Real Estate

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

Anna Maria

09/06/2013 499,900 465,000 830 North Shore Dr 1467 3 Br/2 Ba SFR
09/20/2013 529,000 490,000 313 Magnolia Ave 1424 73x114 2 Br/2.5 Ba SFR
09/20/2013 799,900 750,000 115 Willow Ave 2140 50x110 3 Br/3 Ba SFR
09/20/2013 750,000 750,000 300 Shore Dr 1680 4 Br/2 Ba SFR
09/23/2013 875,000 800,000 511 South Dr # A 2742 158x130 5 Br/3 Ba SFR
09/23/2013 430,000 445,000 511 Spring Ave 1093 52x145 2 Br/2 Ba SFR
09/24/2013 634,900 600,000 113 Pelican Dr 1008 91x100 2 Br/2 Ba SFR
09/24/2013 720,000 677,500 771 Jacaranda Rd 1586 52x98 3 Br/2 Ba SFR 09/25/2013 594,0 00 540,000 215 Palm Ave 1040 52x110 3 Br/2 Ba SFR 09/06/2013 369,900 360,000 812 Jacaranda Rd 61x108 Vac.
09/20/2013 1,835,000 1,865,000 207 - 215 Magnolia Ave 260x110 Vac.
09/26/2013 500,000 500,000 207 Magnolia 52x110 Vac.
09/26/2013 500,000 500,000 Magnolia 52x110 Vac.

Bradenton Beach

09/20/2013 434,900 405,000 2113 Avenue C 1280 50x100 3 Br/1 Ba SFR
09/05/2013 290,000 265,000 2302 Avenue B 2145 50x100 3 Br/2 Ba SFR, Short Sale
09/06/2013 395,000 380,000 1325 Gulf N Dr # 166 1392 2 Br/2 Ba Condo
09/06/2013 799,999 799,000 2309 Avenue C # Both 3326 6 Br/4 Ba Villa
09/06/2013 799,999 800,000 2309 Avenue C # Both 3326 102x108 Inc.
09/23/2013 269,900 280,000 102 1st N St 2447 50x106 Inc., Bank Owned

Holmes Beach

09/06/2013 475,000 405,000 415 Bay Palms Dr 1746 80x100 3 Br/2 Ba SFR
09/12/2013 2,174,000 1,900,000 534 70th St 3511 109 x 119 4 Br/4.5 Ba SFR
09/12/2013 625,000 575,000 207 69th St # B 1200 70x110 3 Br/2 Ba SFR
09/13/2013 450,000 355,000 6818 Palm Dr # A,B 2042 3 Br/2.5 Ba SFR
09/20/2013 519,000 495,000 4110 6th Ave 1500 3 Br/3 Ba SFR
09/20/2013 1,695,000 1,350,000 204 66th St 3400 29x105 6 Br/5.5 Ba SFR
09/26/2013 2,499,000 2,170,000 103 49th St 2431 113x150 3 Br/2.5 Ba SFR
09/26/2013 649,500 615,000 300 67th St 1450 50 x 100 3 Br/2 Ba SFR
09/30/2013 579,000 552,500 215 66th St 1114 54x105 3 Br/2 Ba SFR
09/30/2013 449,000 438,000 231 64th St 1206 3 Br/2 Ba SFR
09/30/2013 719,000 650,000 5605 Carissa St # South 1500 76x117 3 Br/2 Ba SFR
09/02/2013 249,000 225,000 3601 East Bay Dr # 202 1035 2 Br/2 Ba Condo
09/18/2013 1,000,000 1,000,000 6006 Gulf Dr # 201 2010 3 Br/2 Ba Condo
09/20/2013 325,000 300,000 6200 Flotilla Dr # 261 1426 2 Br/2 Ba Condo
09/30/2013 379,900 379,900 6005 Gulf Dr # 219 1011 2 Br/2 Ba Condo
09/30/2013 529,900 500,000 7000 Gulf Dr # 107 1259 2 Br/2 Ba Condo
09/30/2013 317,500 307,500 5808 Gulf Dr # 104 1198 2 Br/2 Ba Condo
09/30/2013 374,900 360,000 3311 Gulf Dr # 1 1331 2 Br/2 Ba Condo
09/23/2013 279,000 265,000 3100 Gulf Dr # 5 884 2 Br/2 Ba TH
09/17/2013 299,900 287,500 426 63rd St 1216 2 Br/2 Ba 1/2 Dup., Bank Owned
09/25/2013 475,000 425,000 6504 Marina Dr # A 1791 104x100 Inc.

Source: Manatee County Property Appraiser’s Office


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