November 2017 Market Report Anna Maria Island

In November 2017, 28 properties sold on Anna Maria Island.  That includes the cities of Anna Maria, Holmes Beach and Bradenton Beach, Florida.

The lowest sale price was $175,000 for a 1 bedroom, 1 bath condotel at Tradewinds Resort in Bradenton Beach with 380 square feet. A condotel is a condo hotel.

The highest price was $2,240,000 for a 4 bedroom, 3.5 bath on Sunrise Lane in Holmes Beach.

The average sale is a 3 bedroom, 2 bath home with 1550 square feet for $694,970.

Homes in November 2017 on Anna Maria Island sold on average for 95% of list price.

Status: Sold 28
Beds Baths SqFt Heated     Sale Price SP/SqFt     ADOM CDOM SP/LP Ratio
Min 1 1 380 $175,000 $251.14 .86
Max 5 5 3,605 $2,240,000 $1,184.83 440 105 1
Avg 3 2 1,550 $694,970 $445.16 66 .95
Median 2 2 1,345 $505,250 $396.98 88 .96

 

Below is a list of the real estate sales in November 2017.

Address City Legal Subdivision Name Sq Ft Heated Sale Price Beds Full Baths Half Baths Property Style
524 VILLA ROSA WAY ANNA MARIA VILLA ROSA 2,450 $1,350,000 4 3 0 Single Family Home
5311 SUNRISE LN Unit#A HOLMES BEACH SUNRISE LANE LAND CONDO 3,605 $2,240,000 4 3 1 Single Family Home
212 SPRING AVE ANNA MARIA ANNA MARIA BEACH SUB 1,196 $480,000 2 2 0 Single Family Home
620 N POINT DR HOLMES BEACH NORTH POINT HARBOUR UNIT TWO 2,570 $740,000 3 3 1 Single Family Home
600 MANATEE AVE Unit#236 HOLMES BEACH WESTBAY COVE CONDO II 1,377 $450,000 2 2 0 Condo
645 KEY ROYALE DR HOLMES BEACH KEY ROYALE 2,679 $1,400,000 3 2 0 Single Family Home
700 JACARANDA RD ANNA MARIA WELLS TERRACE 1,924 $1,265,000 4 2 1 Single Family Home
6250 HOLMES BLVD Unit#24 HOLMES BEACH NORTH BEACH VILLAGE 1,272 $350,000 2 2 1 Townhouse
4307 GULF DR Unit#207 HOLMES BEACH CAYMAN CAY 1,027 $296,667 2 2 0 Condo
4255 GULF DR Unit#222 HOLMES BEACH ISLAND VILLAGE CONDO 1,254 $407,500 2 2 0 Condo
1801 GULF DR N Unit#158 BRADENTON BEACH RUNAWAY BAY 722 $268,000 1 1 0 Condo
1801 GULF DR N Unit#156 BRADENTON BEACH RUNAWAY BAY 691 $242,500 1 1 0 Condo
1801 GULF DR N Unit#114 BRADENTON BEACH RUNAWAY BAY 1,080 $329,000 2 2 0 Condo
1603 GULF DR N Unit#27 BRADENTON BEACH TRADEWINDS A CONDO 380 $175,000 1 1 0 Condo
1325 GULF DR N Unit#219 BRADENTON BEACH TORTUGA CONDO PH 1 476 $260,000 1 1 0 Condo
6400 FLOTILLA DR Unit#11 HOLMES BEACH WESTBAY POINT & MOORINGS 1,314 $330,000 2 2 0 Condo
3601 E BAY DR Unit#112 HOLMES BEACH SANDY POINTE CONDO 931 $255,000 2 2 0 Condo
2313 AVENUE B BRADENTON BEACH ILEXHURST 2,614 $810,000 5 5 0 Single Family Home
2110 AVENUE A AVE BRADENTON BEACH ILEXHURST 1,490 $585,000 3 2 1 Single Family Home
215 82ND ST HOLMES BEACH HOLMES BEACH 31ST UNIT AMD 824 $475,000 2 2 0 Single Family Home
117 7TH ST N Unit#20 BRADENTON BEACH BAY VIEW TERRACE 864 $350,000 2 1 1 Condo
201 76TH ST Unit#A HOLMES BEACH BAY PALMS ADD 2ND BLKS H&I 1,456 $530,500 Duplex
202 75TH ST Unit#B HOLMES BEACH CASA DEL MARE III LAND CONDO 1,967 $995,000 4 2 1 Single Family Home
526 72ND ST HOLMES BEACH BAY PALMS ADD 8TH UNIT 1,388 $715,000 2 2 0 Single Family Home
210 72ND ST HOLMES BEACH WEST WIND SHORES 844 $1,000,000 2 1 0 Single Family Home
207 70TH ST HOLMES BEACH HOLMES BEACH 2,014 $1,035,000 Duplex
4112 5TH AVE HOLMES BEACH VILLAS ON FIFTH AVENUE II CONDO 2,842 $975,000 5 3 1 Single Family Home
106 36TH ST Unit#106 HOLMES BEACH PALM GABLES CONDO 2,140 $1,150,000 3 2 1 Condo

 

Of the 28 homes that were sold, 20 of them were all cash purchases.  That is typical for our market.  If you specific questions about Anna Maria Island Real Estate or would like updated reports to be sent to you, please contact us.

Jen and Mark Bowman, Keller Williams on the Water – 941-840-0117.

Data is from the MLS as of 12/1/2017.

Multiple Offers in Real Estate and Getting Yours Accepted

Multiple offers in Real Estate – Depending on the price, condition and location of a home,  we may see multiple offers.  I know we don’t hear the term multiple offers as often as we used to, but they are still out there.  What makes your offer strong?  The right offer price, of course.

Are you asking for seller paid closing costs? The less you ask for, the stronger your offer is.

Is your escrow deposit or earnest money strong?   Giving a strong amount for deposit shows the seller good faith.  Remember, if all the contingencies in your contract aren’t approved, you get your earnest money back.

Multiple offers in Real Estate

How much is your down payment?  3.5% down or 20% down –  A 20% down buyer is a stronger buyer. An all cash buyer is even stronger because there’s no financing contingency.  A financing contingency means the sale depends upon the buyer obtaining a loan.

Is your pre-approval letter or proof of funds included with your offer? If not, your offer is very weak and probably won’t be considered.

If all things are equal,  it can come down to the professionalism of the agent.  Why does that matter?   It matters because if 2 offers are identical, we will probably choose the offer that came to us in the most professional manner.   Professional offers are completely filled in, typed clean and leave no unanswered questions.  If the agent doesn’t return calls, that can be a challenge.  If all things in the offer are equal, it also comes down to if the agent plays well with others.    That means we know that it takes on average 4 to 6 weeks to get to closing.  We want to work with agents that are nice and will help to get the job done.   After all, real estate is really about the people.

Recently we had a seller take an offer considerably less than another one because the buyers wrote the sellers a letter.  The letter explained that the buyers loved the home and wanted to raise their family there.  It was heartfelt and both the seller and the buyer felt good about the transaction.  Another time, we represented a buyer who was in the military.  I wrote to the listing agent what it would mean to the family to have a place to call home and settle down.  The seller on that one accepted our offer even though it was less than other offers that were presented.  It’s not always about the numbers and the bottom line.  Buying and selling a home can be an emotional experience and sometimes we need to address that.

Using an Escalation Clause with Multiple Offers

In order to help our buyers get a home when we are in a multiple offer situation, we will use an escalation clause.  An example reads like this:  All parties agree that buyer will pay $1,000 above any bona fide written offer up to $500,000.   So, if another buyer put in an offer of $498,000, our offer would be $499,000 which is the other offer plus $1000.  It’s just important that the listing agent understands what it means.  I always verify because I’ve seen agents dismiss offers they didn’t understand.

In conclusion, when you’re in a multiple offer situation there are more things to consider than just the sale price.   Please contact us, Jen and Mark Bowman, Keller Williams on the Water at 941-840-0117 if you’re ready to win in a multiple offer situation.

Cortez Park Open Houses

Cortez Park Open Houses – We are having an Open House from 10 a.m. to 3 p.m. on Saturday February 22nd, 2014.   We will have 7 homes on tour at Cortez Park.  Please come to the Sunset Haven Cottage on the east side of the park to go on tour.   You’ll see the Open House flag and directional signs. If you missed the open house, just give us a call at 941-840-0117.  We would be glad to schedule an appointment for your private showing of Cortez Park.

Cortez Park
Waterfront at Cortez Park

Cortez Park is a 55+ waterfront co-op community in Bradenton, Florida in the fishing village of Cortez.  This clean well maintained community has both seasonal residents and year round residents.  Amenities include fishing pier, on site marina, restaurant, docks, clubhouse, shuffleboard and the best sunsets you’ve ever seen.   When we talk about real estate, we talk about location.  Cortez Park is location, location, location.

 Cortez Park is located at 12507 W. Cortez Rd. in Cortez, right at the drawbridge that goes across to Anna Maria Island.   It’s convenient to shopping, restaurants, medical facilities and of course the fabulous beaches on Anna Maria Island.

See all the homes currently on the market in Cortez Park.

See photos of  Cortez Park on Pinterest. 

For more information on Cortez Park, contact Jen and Mark Bowman, Keller Williams on the Water 941-840-0117.

Sell your Cortez Park Home.