The Anna Maria Island Sun Newspaper

Vol. 14 No. 20 - March 12, 2014

REAL ESTATE

Too good to be true?

 

Recently I’ve been thinking about a Chinese proverb I read a long time ago, “He who returns from a journey is not the same as he who left.” I’ve decided that every visitor to Anna Maria must have changed during their time on the Island, which is one of the reason they keep coming back.

Last month TripAdvisor’s Traveler’s Choice Island awards named Anna Maria Island the Number 3 island in the United States. This was up from last year’s Number 4 ranking and well ahead of some of the most famous and beautiful beaches in other parts of the country. Anna Maria ranked higher than beaches in the Hawaiian Islands, Nantucket, Massachusetts and Key West, among others.

Right after TripAdvisor announced this year’s rankings, The Wall Street Journal had a large section titled “Old Florida” drawing attention to areas of Florida that represent classic Florida. Anna Maria Island was front and center in this piece capturing the front cover with a picture of one of our beaches. A quote from the article reads, “Anna Maria is nice but not glitzy, quiet yet not desolate, with just enough quirk to keep things interesting.”

Why wouldn’t visitors keep coming back with that kind of an endorsement?

We know what Anna Maria’s popularity is doing to our traffic jams and umbrella space on the beach, but what is it doing to real estate? Real estate values in all of Manatee County are soaring, and Anna Maria Island is no exception. According to Florida Realtors, housing prices were the highest in four years at the beginning of the year. The median price of single family homes sold in January was $217,000 which is up almost 16 percent from January of last year. The average sales prices in Manatee County for single family homes was $272,506, also a 16 percent increase over last year. Condo and townhouses jumped to an average of $170,447 an almost 11 percent increase.

Contrasting this are the national median sales prices in January reported by the National Association of Realtors to be $188,900, which is 10.7 percent higher from the year before. The price increases are a definite reflection of the low supply of inventory both nationally and locally. Currently Manatee County has a 4.6 month supply of properties for sale.

Other great news reported by the Bradenton Herald is the amount of new construction that has already started or is in the planning stages mostly in the eastern and northern part of the county. According to the Herald, much of the demand for homes is being spurred on by a strong market in Hillsborough County and the new 1 million square foot distribution center being built by Amazon in Ruskin, expected to create about 1,000 jobs.

All of this activity, whether it’s right on Anna Maria Island or in Lakewood Ranch and Palmetto, has an impact on our little Island. People from all over the county come to the beaches, enjoy the restaurants and spend money in the shops. This combined with national recognition of Anna Maria will only add to an already busy winter season, which has now spilled over into the summer months as well.

Anyone who lives or works on Anna Maria has certainly been on a journey during the past couple years, and none of us are the same as we were when we started. I guess the Chinese had it right, but I can’t help wondering who we’ll be down the road.

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

01/03/2014 1,400,000 1,400,000 107 Beach Ave. 2789 150x100 4 Br/3 Ba SFR
01/06/2014 895,000 800,000 806 Gladiolus St. 2250 69x100 3 Br/3 Ba SFR
01/06/2014 317,000 470,549 205 Elm Ave. 1203 52x110 2 Br/2 Ba SFR Reo
01/06/2014 749,000 683,000 517 Magnolia Ave. 2219 75x115 4 Br/2.5 Ba SFR
01/10/2014 989,000 910,000 213 Spruce Ave. 937 105x100 2 Br/2 Ba SFR
01/22/2014 1,495,000 1,450,000 203 Spruce Ave. 696 2 Br/1 Ba SFR
01/24/2014 850,000 849,900 113 Gull Dr. 2447 91x100 3 Br/2 Ba SFR
01/29/2014 522,000 465,000 8806 Gulf Dr. 936 50x100 2 Br/2 Ba SFR
01/30/2014 510,000 502,000 524 Blue Heron Dr. 1653 3 Br/2 Ba SFR
01/30/2014 1,345,000 1,325,000 214 Spring Ave. 3189 52x145 6 Br/5.5 Ba SFR

Bradenton Beach

01/31/2014 425,000 385,000 252 17th St # 252 1268 2 Br/2 Ba Condo
01/02/2014 289,000 282,000 1801 Gulf Dr N # 238 1080 2 Br/2 Ba Condo
01/31/2014 635,000 617,500 2300 Avenue B 2832 50x100 4 Br/4 Ba SFR
01/16/2014 259,900 259,900 2515 Avenue C # A 1584 50x100 Inc.
01/31/2014 635,000 617,500 2300 Avenue B 2832 50x100 Inc.
01/10/2014 297,777 290,000 200 22nd St . 50x100 Vac.

Cortez

01/13/2014 439,000 400,000 4207 126th St. W. 3412 100x100 4 Br/3 Ba SFR

Holmes Beach

01/02/2014 330,000 315,000 5808 Gulf Dr. # 206 912 2 Br/2 Ba Condo
01/08/2014 375,000 330,000 6250 Holmes Blvd. # 65 1206 3 Br/2 Ba Condo
01/14/2014 392,900 366,250 6400 Flotilla Dr. # 96 985 2 Br/2 Ba Condo
01/16/2014 359,900 347,000 600 Manatee Ave. # 136 1179 2 Br/2 Ba Condo
01/23/2014 318,000 283,000 201 35th St .# 5 630 1 Br/1 Ba Condo
01/27/2014 279,000 265,000 3801 E Bay Dr. # 108 1121 2 Br/2 Ba Condo
01/27/2014 379,000 370,000 6200 Flotilla Dr. # 262 1266 2 Br/2 Ba Condo
01/29/2014 219,900 208,000 3000 Gulf Dr. # 6 756 1 Br/1 Ba Condo
01/03/2014 689,000 671,750 117 51st St. 1536 3 Br/2.5 Ba SFR
01/09/2014 565,000 535,000 502 83rd St. 1728 3 Br/3 Ba SFR
01/10/2014 1,049,000 950,000 509 68th St. 2546 80x102 3 Br/2 Ba SFR
01/10/2014 896,000 725,000 313 61st St. 2374 4 Br/3.5 Ba SFR
01/10/2014 799,000 772,000 213 65th St. 2184 3 Br/2.5 Ba SFR
01/23/2014 399,000 390,000 2819 Avenue B 2332 3 Br/2 Ba SFR
01/24/2014 450,000 450,000 113 31st St. 1682 50x105 3 Br/2 Ba SFR, Reo
01/24/2014 350,000 325,000 502 Bayview Dr. 1214 75x120 3 Br/2 Ba SFR
01/29/2014 598,000 565,000 5606 Holmes Blvd. 1040 3 Br/2 Ba SFR
01/29/2014 775,000 775,000 4118 5th Ave. 2786 6 Br/3.5 Ba SFR
01/31/2014 974,900 907,930 637 Key Royale Dr. 2422 100x151 4 Br/3 Ba SFR
01/13/2014 339,900 275,000 4501 Gulf Dr. # A 1325 1554x800 Inc.
01/21/2014 500,000 450,000 212 Haverkos Ct. 108x110 Vac.

Source: Manatee County Property Appraiser’s Office


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