Chile Group Restaurants A Paradise RealtyFran Maxon Real Estate, Inc. Sato Real Estate Head Quarters Salon - Your Head Quarters for WeddingsBoyd Realty

Vol. 17 No. 19 - February 22, 2017

REAL ESTATE

Sightseeing a million and over

 

There's an old, overused expression and probably mostly untrue in the real estate business, "Buyers are liars." Not to put a fine point on it but buyers may not actually be lying. They more than likely don't have a clue what they want. Just watch a few episodes of House Hunters on HGTV and you'll know exactly what I'm talking about.

For the most part this is just a lack of experience in looking for a property and changes fast once they have a little realtor education under their belts. However, there are buyers among us who aren't really buyers; they are sightseers. The problem is how do you tell the difference?

Experienced real estate professionals become pretty savvy at spotting the sightseers and are particularly careful with the more expensive homes. If a potential buyer shows up at an open house, takes a look around admiring the furniture and decorating then says they'll get back to you, he/she is sightseeing. But if they keep coming back to look at the property and never make an offer, a red flag should go up.

Since Anna Maria Island is awash in luxury properties, the sightseers can't be far behind. And speaking of luxury properties, here's my three month update on million dollar and over properties:

This analysis will be for sales in the months of October, November and December for Cortez and the three cities on Anna Maria Island:

Starting with Cortez, there was only one over million dollar sale in this time period closing for $1,375,000. During the previous three months there were two.

The city of Anna Maria closed six over million dollar sales ranging from $3,950,000 to $1,100,000 during this time. During the previous three months there were eight sales.

Holmes Beach and Bradenton Beach had nine over one million dollar properties ranging from $1,650,000 to $1,000,000. During July, August and September of last year, seven properties were closed.

As of this writing, on the market Cortez has seven over one million dollar properties from $1,850,000 to $1,150,000 and one listed for $975,000. During the previous three months there were three.

Anna Maria city has 47 over million dollar properties from $5,495,000 to $1,050,000, and three in the $900,000's from $990,000 to $949,000. During the previous three months there were 40 properties over one million and four above $900,000.

And finally, Holmes Beach and Bradenton Beach have 79 over one million properties listed from $3,995,000 to $1,049,000, as well as 14 properties ranging from $999,500 to $919,000. During the previous three months, there were 80 properties above one million listed and 16 over $900,000.

I always like to point out the properties just under a million, since this price range is very close to the million mark. The statistics for the closed properties is from the Manatee County Property Appraiser's Office, and the available properties are from realtor.com, which generally reflects what is listed on the local multiple listing service.

The number of closed sales and on the market properties remain consistent, with the exception of Cortez, which has a lot more over million dollar properties available. The true story will be told when the traditional buying season wraps up. In the meantime, watch out for those sightseers; they're the ones with the bright red sunburn and socks.

Real Estate Transactions
Real estate transfers of October-November 2016 •Sponsored by Alan Galletto, Island Real Estate
Source: Mid Florida Multiple Listing Service

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

Anna Maria

2016-12-05 1,100,000 900,000 9707 & 9705 Gulf Dr 1809 Commercial
2016-12-27 645,000 630,000 252 Gladiolus St 1428 2 Br/1 Ba SFR
2016-12-09 750,000 675,000 222 Chilson Ave 1248 3 Br/2.5 Ba SFR
2016-12-22 999,000 960,000 407 Spring Ave 1450 4 Br/3 Ba SFR
2016-12-27 2,575,000 2,575,000 885 N Shore Dr 3141 4 Br/4.5 Ba SFR

Bradenton Beach

2016-12-13 925,000 850,000 120 9th St N #1 2248 150x95 Triplex
2016-12-30 239,000 212,700 308 2nd St N #102 520 1 Br/ 1 Ba Condo
2016-12-26 344,000 334,000 1801 Gulf Dr N #226 1080 2 Br/ 2 Ba Condo
2016-12-12 475,000 350,000 1325 Gulf Dr N #160 1392 2 Br/ 2 Ba Condo
2016-12-30 389,000 375,000 108 9th St S #F 1154 2 Br/ 2 Ba Condo
2016-12-02 485,000 450,000 2401 Ave B #Unit A 1410 2 Br/ 2 Ba Condo

Cortez

2016-12-15 320,000 300,000 12421 Baypointe Ter 112x166x112x160

Holmes Beach

2016-12-08 624,000 600,000 206 83rd St 1448 90x100 3 Br/2 Ba SFR
2016-12-22 655,000 600,000 515 71st St 1841 95x111 3 Br/2 Ba SFR 2016-12-16 649,900 630,000 311 65th St #B 1400 3 Br/2 Ba SFR 2016-12-13 729,000 695,000 205 68th St 1384 75x100 3 Br/2 Ba SFR
2016-12-15 719,900 720,000 234 85th St 1715 3 Br/2 Ba SFR 2016-12-12 789,000 730,000 4803 2nd Ave 1790 3 Br/2 Ba SFR 2016-12-28 899,000 875,000 7005 Holmes Blvd 2017 4 Br/3 Ba SFR 2016-12-23 1,395,000 1,250,000 4105 4th Ave 2425 6 Br/6.5 Ba SFR 2016-12-29 1,395,000 1,275,000 207 73rd St 1738 4 Br/3 Ba SFR 2016-12-16 339,900 318,000 3702 6th Ave #1 1047 2 Br/ 2 Ba Condo 2016-12-30 399,000 357,000 3701 E Bay Dr #1 1949 4 Br/ 3.5 Ba Condo 2016-12-16 399,900 375,000 5806 Gulf Dr #103 1184 3 Br/ 2 Ba Condo 2016-12-20 599,000 540,000 4200 Gulf Dr #205 1008 2 Br/ 2 Ba Condo 2016-12-22 679,000 637,500 213 75th St #A 1569 72x100 3 Br/ 2.5 Ba Condo 2016-12-31 799,000 700,000 5608 Gulf Dr #116 2 Br/ 2 Ba Condo 2016-12-16 825,000 725,000 5610 Gulf Dr #2 1456 2 Br/ 2.5 Ba Condo 2016-12-23 324,000 308,000 4001 Gulf Dr #103 1106 2 Br/ 2.5 Ba Townhome 2016-12-28 699,000 682,000 207 55th St #A 1232 3 Br/2 Ba Villa


Let us know what you think, post a comment.

AMISUN ~ The Island's Award-Winning Newspaper