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Latest Updates: Manatee RSS
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Michael Saunders & Company Market Leader in all Price Points April 2011
Beth Ward
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November 2010 Single Family Sales from Florida Realtors®
MSC Marketing
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November 2010 Condo Sales from Florida Realtors®
MSC Marketing
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2010 MSC Web Stats and Regional Market Share
Beth Ward
Click on the below item for printable format of Web Stats and Regional Market Share
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What U.S. Cities are the Best Places for Retirement? Portfolio.com Ranks the Most Attractive for Seniors
MSC Marketing
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.comPortfolio.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 oh@braincomm.com duquin@braincomm.com SOURCE Portfolio.com
http://www.bradenton.com/2010/12/16/2817078_p2/what-us-cities-are-the-best-places.html
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September 2010 Condo Sales from Florida Realtors®
MSC Marketing
For printable format click on the chart
http://www.media.floridarealtors.org/statistics/2010/Sept2010%20condo%20chart.pdf
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September 2010 Homes Sales from Florida Realtors®
MSC Marketing
For printable format click on the chart
http://www.media.floridarealtors.org/statistics/2010/Sept%202010%20home%20chart.pdf
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September Sales Remain Soft Following End of Home Buyer Tax Credit
MSC Marketing
Pending Sales Portend Better Months Ahead
The market for properties in Sarasota, Manatee and Charlotte Counties continued it’s slow but steady rebound from the drop-off in sales that occurred in the first months immediately following the cessation of the first time homebuyer tax credit in late June. Stronger pending sales portend better months ahead, but recent unexpected developments centered around the foreclosure crisis could easily have a profound effect on future sales since foreclosures account for a large percentage of today’s transactions.
“We fully anticipated a softening in sales in the months immediately following the end of the tax credit,” said Michael Saunders, founder and CEO of Michael Saunders & Company. “The tax credit was designed to stimulate sales in the short term to hasten the market’s recovery. It’s June 30th deadline essentially motivated buyers who might have otherwise acted more leisurely to speed up their timeframe for buying, leaving a temporary gap in the market that new buyers are gradually rushing in to fill.”
TRENDGRAPHIX latest report shows that combined sales for the tri-county region of Sarasota, Manatee and Charlotte Counties were down 2.4% in September 2010 as compared with the previous month; and down 1.3% versus September 2009. September 2010 pendings, on the other hand, were up 6.6% versus last month; and up 9.6% versus last September. The combined inventory of properties for sale rose 1.5% from August to September 2010; and rose 4.2% versus last September.
“One of the most telling signs that a significant number of buyers continue to have a outdated sense of their home’s value in today’s corrected market is the wide gap that still exists in the average list price versus the average sale price in all three counties,” adds Saunders. “That gap has to narrow considerably in order to reflect a trend in correct pricing across all price ranges.”
Sarasota County:September 2010 sales in Sarasota County were up 1% percent versus August, but were 2% behind the same month a year ago when the tax credit was in effect. Pendings had a stronger showing in September, up 7.4% vs. last month; and were 7.6% ahead of the same time last year. The number of properties for sale rose marginally in September (2.6%) versus the previous month; but were essentially unchanged from a year ago.
Of the 629 homes sold in Sarasota County during the month of September, 72% were under $200,000, 18% were between $200,000 and $400,000; and 10% sold for more than $400,000.
September’s median price of $125,000 for a home in Sarasota County declined by 3.8% from August; and by 10.7% since September 2009.
Manatee County:September sales in Manatee County were down 5.4% versus August, and 1% behind the same month a year ago. September pendings were 3.1% ahead of August and 12.7% ahead of last September. The number of properties for sale county wide remained virtually unchanged from August to September, but were 2.3% higher than last September.
Of the 439 homes sold in Manatee County during the month of September, 66% were under $200,000, 26% were between $200,000 and $400,000; and 8% sold for more than $400,000.
September’s median price of $153,000 for a home in Manatee County was up 4.8% versus August; but was 7.3% less than in September 2009.
Charlotte County:In Charlotte County, September 2010 sales were down 4.9% vs. August; but 5.4% ahead of last September. Pendings for September were up 10.9% vs. last month; and up 9.3% vs. last September. The number of properties for sale in September was up 1.4% from August; and up 14.5% vs. last September.
Of the 293 homes sold in Charlotte County during the month of September, 84% were under $200,000, 14% were between $200,000 and $400,000; and 2% sold for more than $400,000.
September’s median price of $95,000 for a home in Charlotte County was down 3.1% from August; and down 12% from September 2009.
About TRENDGRAPHIX, Inc:
Trendgraphix, Inc. is a California-based real estate research and reporting company that uses actual local MLS data to provide highly-visual statistical graphs that help real estate brokers, agents, their customers and real estate associations across the U.S. interpret the latest trends in their respective market areas. Trendgraphix is used by 100 brokerages and 48 MLS systems; and by tens of thousands of agents and real estate executives in 18 states.
For more information visit Trendgraphix.com.
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Year to Date Statistics and MSC Market Share
MSC Marketing
Click the image to see full size chart in printable format. Also includes Michael Saunders & Company Regional Market Share.
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Bradenton/Manatee again named among best for young
MSC Marketing
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.
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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