Punta Gorda Real Estate Market Conditions & Reports, Punta Gorda Market Trends, Florida

Market Commentary Provided by Sue Strope The Strope Team
For the same reasons that buyers used to flock to our area they will begin to return in the near future - great value. The inflation that was experienced due to infomercials on local land inventory shortages of 2004 and 2005 has been reversed in 2006 and resulted in a return to bargain pricing.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Sue Strope The Strope Team
CENTURY 21 Almar & Associates
Punta Gorda, Florida
941-637-9530
sueshomes@aol.com
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Nearest Metro Area

Punta Gorda, FL

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

More than 120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$225,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 20-25%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

Single-Family Home

Buyer Activity for the past 90 days in Punta Gorda is

Seller Activity for the past 90 days in Punta Gorda is

Is Financing Available For Qualified Buyers in Punta Gorda?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

North Port has a large number of new homes available at very good prices starting at well under $200,000 for a 3/2/2. Waterfront properties are becoming much more affordable in Punta Gorda and Port Charlotte. Overall vacant lots in Charlotte county and North Port are becoming a great bargain again.

Reason to Buy/Sell

Other

Average Sold Price

$225,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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