Are Anna Maria Island Home Prices On The Rise...
Do recent rises in neighboring area real estate values signal a turn around? Don't be so sure, say some.
Tell us what you think... are home prices on Anna Maria Island on the rise?
It was reported just yesterday in the Herald Tribune that, "Home prices in Sarasota-Bradenton rebounded 9.5 percent from March to April, pushing the market's median sales price up about $20,000 from a possible bottom earlier this year."
All this has little to do with places like Anna Maria Island or Longboat Key, or does it?
It's a pretty bold statement considering what is being reported about the housing market throughout the rest of the United States.
None the less, HT staff writer, Tom Bayles, published an article entitled, "Area Home Prices Buck U.S. Trend - Do recent rises in local real estate values signal a turn around? ", and as you might expect... it's created a bit of an uproar amongst it's readers.
The article goes on to say, "the median in April was $164,300, up from $150,000 in March and a February low of $144,000. That bucks the trend of falling prices nationwide, though it remains unclear whether it will hold."
After referring to recent shifts in other Florida area real estate markets, the article quotes Pat Martin, co-owner of the boutique agency Fisherman's Village Realty in Punta Gorda. He says, "We showed property until we wanted to throw up during season, but now those people are calling and e-mailing us," Martin said. "Those who looked during the season are now coming back and capturing the value."
Martin says he thinks the rebound in pricing is the beginning of a turn-around for the region. "I can unequivocally tell you that in my market that bottom has moved twenty grand upwards," Martin said. "What you could buy 10 months ago for $200,000 will cost you $220,000 today."
Although the article does remind us that these 'claimed' short-term gains... "remain tempered by big year-over-year declines. Sarasota-Bradenton's 39 percent drop from a year ago was the largest in Florida... ", there were still a number of readers less than impressed by what the article was saying.
Here are just a few short quotes from the comments left.
-
"Your market bottom? My bottom (...)! Let me guess, you were part of the team that said it was 'time to buy' almost a year and a half ago. Hey, jackass, that 200000 house that you are trying to sell for 220000 right now will be going for 175000 this time next year after continually slow drops in values take place. "
-
"Bury the headline of the just released facts that the national data just released shows that all housing markets in the United States are depreciating in value."
-
"For starters, prices did not "buck the trend", they were DOWN 40% y/o/y!! Tom and his Realtor cronies need to learn what a 'median' price is and learn you don't compare month-month changes."
-
"What some people don't realize is that when you treat other people like idiots by insulting their intelligence and tell bare-faced lies that are not in any way supported by facts then it DESTROYS your credibility both professionally and personally.The quote from that Realtor tells me that they have learnt absolutely NOTHING from the giant ponzi scheme that they have been part of."
Wow!
If you want to read the full article by Tom Bayles, maybe even weigh in your opinion in the comment area, go to "Area Home Prices Buck U.S. Trend - Do recent rises in local real estate values signal a turn around? "
At the very least, it makes for some interesting and entertaining reading ;-)
What I'm interested in, is how it relates to the home and real estate market on Anna Maria Island. If you have an opinion on that you can leave your two cents worth on our comment area below... or you can weigh in on the Anna Maria Island Community Forum.
Please let us know what you think about the Anna Maria Island housing market.
Otherwise what are we here for... right?
Recent Comments