Bradenton Florida Real Estate market

 Bradenton Beach City, the seat of the Manatee County Florida, offers a lot of opportunities for homeowners. The beauty of the place attracts many. Residents and tourists enjoy, most especially the tranquil and pristine beaches. 

The region offers numerous remarkable golf courses including the River Run Golf Links. Myakka River State Park features an abode of wildlife and rare birds. People also can do hiking trails and boat tours. At the nearby Ana Maria Island, visitors have opportunities to watch egrets, manatees, dolphins and other types of wildlife. The real estate market of Bradenton has been doing good for many years, despite of its ups and downs during periods national economic crisis. It can be also seen with its several hotels and motels like Best Western Midtown, Island Breeze Inn, The Ringling Beach house and more. The median home cost in Bradenton is $90,490. Home appreciation the last year has been -11.16 percent. Another great thing about Bradenton is that compared to the rest of the country, Bradenton's cost of living is 19.60% -lower than the U.S. average. Most of the communities in Bradenton are in its western side since that area is also the location of the city’s downtown. However, the Eastern side of Bradenton is growing at a rapid rate. Initially starting as the popular subdivision Lakewood Ranch, it is now becoming a heavily populated part of town. Most of the communities are newer than in West Bradenton. However the majority of foreclosures in Manatee County took place in that area due to the fact, that a much higher loss in value happened compared to the areas of West Bradenton which is located nearer to the beaches. 

Recently, the average price per square foot for Bradenton FL was $74, a decrease of 9.8% compared to the same period last year. Likewise, the median sale for the homes in the city from the month of December to February was $109,800 based on 696 home sales (trulia.com). If we compare this price from the same period a year ago, the median home sales price decreased by 8.5 % or $ 10,200. Additionally, the number of home sales also decreased by 26.8%. According to Trulia, there are currently 3,832 resale and new homes in Bradenton including 23 open houses, as well as, 2200 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Bradenton FL was $222,671 for the week ending Mar 09, which represents an increase of 0.1%, or $157, compared to the prior week.