The Anna Maria Island Sun Newspaper

Vol. 15 No. 11 - January 7, 2015


Florida population on the move


We’re at the beginning of a new year, and what a year it’s setting up to be. Last week we talked about redefining what a million dollar property is. This week we’re going to talk about how the state of Florida is being redefined.

When my parents retired to Florida in the early 1970s, the old adage “Florida is God’s waiting room” was alive and well. At that time, Florida retirees would have trouble convincing their children to visit; forget about relocating. Well it’s not your parents’ Florida anymore, and the U.S. Census Bureau is proving it.

A few days before Christmas, the U.S. Census Bureau released statistics ranking the state of Florida as the third most populated state in the country behind California in first place and Texas in second. For the first time, Florida has overtaken the state of New York, just nudging it out of its third place status, an ironic twist since one in t10 new Florida residents relocate from New York. The report goes on to say that an average of 803 new residents arrived in the state every day during the previous year. Florida’s population is just under 19.9 million representing a 1.49 percent growth from July of 2013 to July of 2014.

Florida’s growth is certainly due in part by demographics, with the enormous wave of baby boomers finally starting to retire after recovering financially in the wake of the financial crisis. Their primary homes are worth more, their stock portfolios are fatter and their hair is graying faster than they would like. In addition, Florida has actively solicited business owners from other states prompted by Gov. Scott and The Florida Chamber of Commerce with some very positive results.

As we already know, politically, Florida is already a state that can make or break a national election, making the Southeast a powerful region. Ultimately, this population growth could even change the number of congressional seats, making the state even more influential.

But don’t think that the only people moving to Florida are retirees and Northern business owners; the influx of international buyers is growing annually. A recent report in the Wall Street Journal pointed out that Miami is actively marketing condos to Chinese buyers. China’s share of international buyers within the United States rose to 16 percent in 2014 an increase of 4 percent from the previous year, according to the National Association of Realtors.

And, of course, the Chinese are only one group of international buyers looking at Florida. South American residents have been coming to Florida for years, as well as other international buyers who have helped to turn Miami’s once lagging condo market into one that is now selling like hot cakes.

With more people moving into the state, it’s inevitable that substantial growth will follow. Is it the weather that’s attracting people or the lack of income tax? I don’t know. What I do know is that in the 17 years I’ve lived in Florida, I never experienced a hurricane that came even close to the ones I lived through in the state of New York, so the hurricane threat is not scaring people away.

Redefining Florida – no doubt about it. So sit back and enjoy the changes, especially the great new shopping and restaurants.

Real Estate Transactions
November 2014

Sponsored by Alan Galletto Island Real Estate

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

Anna Maria

11/21/2014 529,000 500,000 714 Gladiolus St. 987 50x1002 2 Br/2 Ba SFR
11/14/2014 674,900 632,500 236 Gladiolus St. 1361 2 Br/2 Ba SFR
11/18/2014 720,000 680,000 208 Palmetto Ave. 1232 2 Br/2 Ba SFR
11/14/2014 789,000 750,000 120 Oak Ave. 1429 50.0x110.0 4 Br/2.5 Ba SFR
11/14/2014 240,000 220,000 522 Pine Ave. 8a 822 2 Br/1 Ba Condo

Bradenton Beach

11/14/2014 219,000 205,000 204 Church Ave. #9 590 2 Br/1 Ba Condo
11/21/2014 619,900 600,000 107 10th St. N. 2020 3 Br/2.5 Ba Condo
11/26/2014 619,900 600,000 109 10th St. N. 2020 3 Br/2.5 Ba Condo
11/21/2014 142,900 138,500 117 7th St. N. # 7 594 1 Br/1 Ba Condo
1/12/2014 495,000 475,000 241 17th St. 1676 3 Br/2.5 Ba Condo
11/28/2014 295,000 287,500 2212 Ave C 50x105 Vac


11/11/2014 699,000 699,000 12326 BayPointe Ter. 2565 3 Br/2.5 Ba SFR
11/19/2014 869,900 845,000 12918 Yacht Club Pl. 3270 4 Br/2.5 Ba, REO / Bank Owned
11/18/2014 649,000 600,500 3840 Mariners W. 526c 2547 3 Br/2.5 Ba Condo
11/21/2014 79,000 73,000 12305 BayPointe Ter. 83x186x117x149 Vac

Holmes Beach

11/26/2014 369,000 355,000 5604 Guava St. 1545 57x105
11/21/2014 449,000 449,000 8316 Marina Dr. 1440 3 Br/2 Ba SFR
11/18/2014 799,000 770,650 525 Key Royale Dr. 1788 3 Br/3 Ba SFR
11/13/2014 1,079,000 980,000 207 73rd St. 2038 4 Br/3 Ba SFR
11/26/2014 1,199,000 1,170,000 628 Key Royale Dr. 4800 100.0x160.0 4 Br/4.3 Ba SFR
11/14/2014 495,000 495,000 8106 Gulf Dr. # A & B 1600 59x115x58x105 Duplex
11/04/2014 299,900 289,000 409 63rd St. 1400 3 Br/2 Ba, 1/2 Duplex
11/20/2014 274,900 275,000 18 Seaside Ct. # 18 978 2 Br/2 Ba Condo
11/07/2014 399,000 380,000 5608 Gulf Dr. 204 1092 2 Br/2 Ba Condo
11/26/2014 525,000 500,000 5400 Gulf Dr. # 34 1188 2 Br/2 Ba Condo

Source: Mid Florida Multiple Listing Service

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