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Winter 2012 Market Update
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.
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Punta Gorda is | No Change |
| Seller Activity for the past 90 days in Punta Gorda is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well priced properties are in high demand. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Punta Gorda! |
| Nearest Metro Area | Punta Gorda, FL |
| Housing Hot Spots | North Port has a large number of newer homes available at very good prices starting at well under $100,000 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 | $175,000 - View Graph Trend |
Punta Gorda Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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