|
Summer 2010 Market Update
Market Commentary Provided bySue 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. |
|
| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 20-25% |
| Average Time on Market | More than 120 days |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Seller Activity for the past 90 days in Punta Gorda is? | |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |
| Is Financing Available For Qualified Buyers? | |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Single-Family Home |
| Reason to Buy/Sell | Other |
| Nearest Metro Area | Punta Gorda, FL |
| 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. |
| Average Sold Price | $225,000 - View Graph Trend |
Punta Gorda Local News
Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
Contact Me
Send me an Email
941-637-9530Blog Archives
Mortgage Rates
– Jul 30th, 2010 –
---------------------------------
30 yr. fixed rate: 4.60%---------------------------------
15 yr. fixed rate: 4.07%
30 yr. jumbo rate: 5.42%
15 yr. jumbo rate: 4.98%
Home Values
StreetZip Code
 |
|||
|
 Ask Me!
Sue Strope The Strope Team
CENTURY 21 Almar & Associates |
941-637-9530 |
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Punta Gorda Homes for Sale | Search Punta Gorda Real Estate | ||
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Florida Homes for Sale |
Florida Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2010 HouseHunt Inc - All Rights Reserved