Updates from November, 2011

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  • Florida Leads Top 10 Cities for Home List Price Increases

    11:59 am on November 8, 2011 | Comments:0
    Tags: Florida Housing Market   Filed under: Bradenton, Charlotte County, Florida, Punta Gorda, Sarasota, The Housing Market


    A top-ten list of the U.S. housing markets that experienced the greatest year-over-year increase in median list price—just released by the National Association of REALTORS®—turns out to be all but completely dominated by Florida markets.

    Only three non-Florida markets broke into the ranking, the first appearing at #6. The top five are Ft. Myers-Cape Coral, Miami, Naples, Sarasota-Bradenton and Punta Gorda. The other Florida markets included on the list are Lakeland-Winter Haven and Daytona Beach.

    Published: Friday, November 4, 2011 at 12:54 p.m.

    Florida communities, including Sarasota-Bradenton and Charlotte County-North Port, dominated a list of the 10 cities that have seen the largest percentage increase in median list prices when comparing September with a year earlier.

    The list from the National Association of Realtors speaks to the lack of available properties on the low end of the market; to the growing number of high-end owners getting off the fence and trying to sell; and perhaps to seller’s confidence about what they can get for their homes.

    Sarasota-Bradenton was No. 4 on the ratings, culled from 4 million listings on more than 900 multiple listing services around the country. The median list price during September was $233,0000, 16.5 percent higher than a year ago.

    Charlotte County-North Port was $169,000, up 14 percent from a year ago.

    Other markets up in Florida include Fort Myers-Cape Coral, whose 34.5 percent increase put it at No. 1; Miami, with 25.6 percent increase at No. 2; Naples, at No. 3; Lakeland-Winter Haven, at No. 7; and Daytona Beach, at No. 9.

    The other non-Florida communities were Shreveport-Bosier City, La.; Fort Wayne, Ind.; and Boise City, Idaho.

    Nationally, the median list price has risen 1.6 percent to $190,000, the NAR reported.

    Courtesy of the Sarasota-Herald Tribune

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  • Profile of International Home Buyers in Florida from the National Association of Realtors

    2:54 pm on September 6, 2011 | Comments:0
    Tags: , Foreign buyers, ,   Filed under: Bradenton, Florida Association of Realtors, International, Manantee, National Association of Realtors, Sarasota, Seller Info, Tourism

    Please click on image below for further inforamtion and printable format
























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  • Florida Realtors Sales Reports Second Quarter 2011

    9:50 am on August 11, 2011 | Comments:0
    Tags: , , , , ,   Filed under: Agent information, Bradenton, Buyer Info, Charlotte County, Florida Association of Realtors, Lee County, Manatee, Median Sales Price, Sarasota, Statistics, The Housing Market

    Click on the each chart for the printable format.




    For Further information  click on the below link ;



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  • Florida’s Existing Home, Condo Sales Up in 1Q 2011

    10:26 am on May 12, 2011 | Comments:0
    Tags: , , , , , ,   Filed under: Bradenton, Buyer Info, Consumer news and advice, Florida Association of Realtors, Median Sales Price, Sarasota, Seller Info, Statistics

    ORLANDO, Fla., May 10, 2011 – Florida’s existing home and existing condo sales rose in first quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. Existing home sales increased 13 percent in 1Q 2011 with a total of 44,531 homes sold statewide; during the same period the year before, a total of 39,406 homes changed hands according to Florida Realtors. Statewide sales of existing condos in the first quarter rose 29 percent compared to the year-ago sales figure

    The statewide existing-home median sales price was $123,600 for the three-month period; in 1Q 2010, it was $131,100 for a decrease of 6 percent. Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased sales of existing homes in 1Q 2011 compared to the same three-month-period a year earlier, while 18 of the MSAs showed gains in condo sales, according to Florida Realtors.

    Looking at Florida’s housing sector in the first quarter of 2011, Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Competitiveness, pointed out that the recovery is gaining strength. “Florida Realtors’ first quarter report shows sales picking up significant momentum after decelerating in the fourth quarter of last year, though prices are continuing to slip,” Snaith said. “The labor market recovery is just starting to blossom – once it is in full bloom it will provide some needed curb appeal for Florida’s struggling housing market by creating a new pool of qualified buyers and preventing other homeowners from falling victim to foreclosure.

    “Distressed properties are proving to be an ongoing complication in the healing process of Florida’s housing market,” he added. “The foreclosure moratorium and Florida’s overburdened court system have slowed the process of handling foreclosures. Until these properties can move through this process, complete recovery will be difficult to attain.”

    In the year-to-year quarterly comparison for existing condo sales, 23,375 units sold statewide in the first quarter compared to 18,170 units in 1Q 2010 for a 29 percent increase. The statewide existing-condo median sales price was $80,700 in 1Q 2011; a year earlier, it was $96,100 for a decrease of 16 percent. Sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes, according to the National Association of Realtors® (NAR). The median is a typical market price where half the homes sold for more, half for less.

    Two charts showing statistics for Florida and its MSAs are attached. One chart compares the volume of existing, single-family home sales and median sales prices in the first quarter of 2011 to the first quarter of 2010, based on Realtor closed transactions from local Realtor boards/associations within the MSAs. The second chart compares the volume of existing condo sales and median sales prices in first quarter 2011 to first quarter 2010, based on Realtor closed transactions from local Realtor boards/associations within the MSAs.

    Single-Family pdfhtml
    Condominium pdfhtml

    Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 64 boards/associations. Florida Realtors® Media Center website is available at http://media.floridarealtors.org.


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  • The recent record-setting home sale on Longboat Key puts the Spotlight on the Most Expensive Homes on the Market

    1:45 pm on May 5, 2011 | Comments:0
    Tags: Boca Grande, , , , , , , ,   Filed under: Bradenton, Charlotte County, Luxury, Manatee, Michael Saunders & Company, Sarasota, Seller Info, The Housing Market, Wealth

    Published: Sunday, May 1, 2011 at 1:00 a.m.
    Last Modified: Thursday, April 28, 2011 at 4:14 p.m.

    OK, you missed your chanceat the mansion in Longboat Key Club’s Regents Court that just sold for an island-record $12.5 million. But don’t fret. There are many other extremely high-end homes still on the local market. (More …)

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  • Florida’s Existing Home, Condo Sales Up in February 2011

    11:26 am on March 22, 2011 | Comments:0
    Tags: consumer news and advise, , Sarasota - Bradenton,   Filed under: Bradenton, Buyer Info, Florida Association of Realtors, NAR, National Association of Realtors, pricing, Sarasota, Seller Info, Statistics, The Housing Market

    ORLANDO, Fla., March 21, 2011 – Florida’s existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February’s statewide sales of existing condos rose 29 percent compared to the previous year’s sales figure.

    Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in February; 18 MSAs had higher condo sales. It’s the third month in a row that Florida Realtors has reported higher year-over-year existing home and existing condo sales statewide.

    “Current market conditions and very low mortgage rates continue to offer great opportunities to anyone looking to buy a home in Florida,” said 2011 Florida Realtors® President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. “Every day, Realtors® help people realize their dreams of homeownership – they see the positive impact that homeownership has on families and communities.” (More …)

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  • What U.S. Cities are the Best Places for Retirement? Portfolio.com Ranks the Most Attractive for Seniors

    9:32 am on December 20, 2010 | Comments:0
    Tags: , , , , , people relocation, , ,   Filed under: Baby Boomers, Bradenton, Buyer Info, Consumer news and advice, Manatee, People, Relocation, Retirement, Sarasota, Seller Info

    Top Ten List Dominated By Warm Weather Cities

    /PRNewswire/ — Portfolio.com – the national business news site for small and mid-sized business (SMB) executives – today revealed its latest U.S. Uncovered study, ranking the most popular and desired cities for retirement. The study, which used a six-part formula to rank 157 metropolitan and micropolitan markets with at least 40,000 seniors, named Bradenton-Sarasota, Florida as the number one choice for seniors’ post-retirement plans.

    “Beginning next year, an unprecedented three million Americans will turn 65. While most of these seniors are expected to stay in their current homes, a significant number will decide to seek new places to live in other parts of the country,” said J. Jennings Moss, editor of Portfolio.com. “In addition to warm cities, we’ve also seen that seniors are attracted to communities that already have a significant population of retirees. This demonstrates that seniors will go to places that already have a comfortable infrastructure in place.”

    Already thought to be the classic retirement destination, the state of Florida is home to eight of the top ten cities in the survey, with Bradenton-Sarasota taking the top spot. Senior citizens represent 26.81 percent of the city’s population, which is more than double the national average of 12.9 percent. With a population of 688,126, Bradenton-Sarasota is the largest city among the top 10, while Homosassa Springs, Fla. (#7) is the smallest with a population of 140,357. More than 95 percent of seniors residing in Bradenton-Sarasota were born out of state compared to only 53 percent of the elderly residents of a typical U.S. market who were born out of state.

    The Most Popular Retirement Cities  
    Bradenton-Sarasota, Fla.  
    Prescott, Ariz.  
    Lake Havasu City, Ariz.  
    Cape Coral-Fort Myers, Fla.  
    Naples, Fla.  
    Palm Bay-Melbourne, Fla.  
    Homosassa Springs, Fla.  
    Ocala, Fla.  
    Punta Gorda, Fla.  
    Port St. Lucie, Fla.  

    Two cities from Arizona earned a place in the top 10. Prescott, Ariz. ranked #2 in the study with 23.6 percent of its population comprised of seniors. Lake Havasu City, Ariz. followed directly behind taking the #3 spot. The rest of the top 10 are occupied by Florida cities including Cape Carol-Fort Myers, Naples, Palm Bay-Melbourne, Homosassa Springs, Ocala, Punta Gorda and Port St. Lucie.

    “The study explores a wide variety of markets, both in terms of size and geography. The markets that ranked the highest in the study were areas where the population of seniors is already substantial and growing rapidly,” said G. Scott Thomas, a nationally-recognized demographer who created the analysis for Portfolio.com. “While not surprising that many cities in the top 30 were from the southeast and southwest, there are several cities that have broken the stereotype of beach retirement communities including Seaford, Del. (#13), Barnstable, Mass. (#14) and Eugene, Ore. (#29) from the north.”

    The study used data from the American Community Survey, which was conducted in 2009 and released in September 2010 by the U.S. Census Bureau. Data was used from the top 157 metropolitan and micropolitan areas with at least 40,000 residents that can be classified as seniors. Rankings were determined using six statistical indicators: seniors as a share of the total population, median age, seniors born out of state, incoming seniors, difference in out-of-state births and difference in incoming rates.

    The U.S. Uncovered series provides original, insightful analysis of the American lifestyle and business trends of interest to the highly lucrative market of small- and mid-sized business executives, who will fuel the country’s economic recovery over the next five years.  Most recently, the U.S. Uncovered revealed the most educated cities with a unique “Brainpower Index,” ranking Boulder, Colo. as America’s smartest city. The series also disclosed the rankings of the cities with the “Highest Income Growth,” ranking El Paso as the city with the most growth potential; “Most Stressful Place in America,” ranking Detroit as the most stressful city; “Best Mid-size Places to Live” ranking Boulder, CO as the small city with the highest quality of life; “Best Big Places to Live,” ranking Raleigh as #1;  “Best Cities to have fun,” ranking New York City as #1; “Top U.S. Wealth Centers,” naming Newport Beach as #1; “Small Business Vitality,” naming Texas the best state and Austin the top city for small business; and “Best Places for Young Adults,” naming the Southwestern region the new frontier for young Americans with Austin as #1. About Portfolio.com

    Portfolio.com is the national business news site for small and mid-sized business executives. Comprising original, in-depth reporting, thought-provoking insights, colorful features, exclusive analysis of custom research, and an intelligent business-news filtering tool, Portfolio.com is the first national business media outlet dedicated solely to delivering actionable news and information to this coveted audience. Portfolio.com relaunched in December 2009 as the information destination for business executives, insiders and strategists within the growing and profitable American City Business Journals.

    About American City Business Journals

    American City Business Journals engages 13.5 million decision makers each month through the company’s 40 newsweeklies, 42 Web sites, digital newsletters and more than 400 local events across the country. It is the largest publisher of business-to-business information in the United States. More than 4 million readers each week engage with exclusive, in-depth coverage of local business communities; some 9 million unique monthly users engage with the company’s digital content; more than 11 million e-newsletters are delivered each month via email; and the company sees more than 1 million mobile page views each month. American City is a unit of Advance Publications Inc., which also operates Condé Nast Magazines, Parade magazine, Fairchild Publications, the Golf Digest companies, Newhouse Newspapers and cable television interests.

    Media contacts:  
    Sharon Oh / Maggie Duquin Nolan  
    Brainerd Communicators, Inc.  
    (212) 986-6667  

     SOURCE Portfolio.com


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  • Bradenton/Manatee again named among best for young

    12:04 pm on September 23, 2010 | Comments:0
    Tags: , ,   Filed under: Bradenton, Manatee, People

    By SARA KENNEDY – skennedy@bradenton.com

    HERALD FILE PHOTO ManaTEENs perform a safety assessment of a private home in Sunset Village in Bradenton while giving away fire extinguishers.

    HERALD FILE PHOTO ManaTEENs perform a safety assessment of a private home in Sunset Village in Bradenton while giving away fire extinguishers.

    MANATEE — Bradenton/Manatee County has again been named among the nation’s 100 Best Communities for Young People because of its abundance of leadership and service opportunities for youth, according to America’s Promise Alliance, a partnership organization dedicated to youth and children.

    “Through its innovative and far-reaching programs, Bradenton/Manatee County is taking bold and effective steps to help their young people graduate and lead healthy, productive lives,” said Marguerite W. Kondracke, America’s Promise Alliance president and chief executive officer, in announcing the winners. (More …)

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  • Sarasota and Bradenton Named in Top 25 Small Cities by American Style Magazine

    8:53 am on May 21, 2010 | Comments:3
    Tags: , ,   Filed under: Bradenton, Sarasota


    Top 25 Small Cities

    May 2010 |  by Jennifer Clary  |  Issue 72, Summer 2010

    1. Asheville, N.C.

    Asheville, N.C.’s new signage program features work by city artists—more than 300 signs were produced with the help of local glass and metal artists. Credit: Asheville Convention & Visitors Bureau

    Readers flew “the Land of the Sky” into the top spot in the Small Cities category for the first time this year. A walk along the streets of Asheville will prove why it deserves this honor, from the Art Deco buildings seen all over the city (including the town’s city hall) to the more than 50 galleries representing every medium. Reader Mark Flowers, of Alexander, N.C., explains, “Asheville’s creative scene runs from the visual art, the handmade craft arts, the music arts, down to the amazing small brewery arts. It’s a total package that brings me downtown whenever I am near.”

    With two new public arts programs, Asheville is undergoing a downtown renaissance. In the city’s historical center, known as Pack Square, a new park opened this spring. Along with lush green space, Pack Square Park features an interactive water fountain (aptly named “Splashville”), an amphitheater decorated with handmade tiles, and original works of art by local artists. (More …)

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  • Luxury on Sale

    12:55 pm on February 17, 2010 | Comments:0
    Tags: , , , ,   Filed under: Bradenton, Buyer Info, Condominiums, Luxury, The Housing Market

    February 17, 2010
    Check out the bargains at Riviera Dunes in Palmetto.
    By Robert Plunket, Real Estate Junkie, Sarasota Magazine
    The whole town is talking about those luxury apartments at Riviera Dunes up in Palmetto that have been reduced to prices that are truly startling – they now start at $140,000 for a 2,000-square-foot unit that was originally priced at almost half a million. Are they any good? What’s the catch? And what does this mean for the future?
    Riviera Dunes is a very elaborate high-end development on the eastern edge of Palmetto that includes private homes, a big marina, and three large apartment complexes, the one in question being called Bel Mare. It was built at exactly the wrong time and has been purchased out of foreclosure by a company that specializes in turning these sort of situations around. Apparently they purchased 53 units for an average price of $120,000 and are now selling them at greatly deflated prices. (More …)
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