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Real Estate Sales in Punta Gorda Isles, FL

Posted by Jim Mulligan on February 16th 2007 to Price Trends

Understanding the Statistics

In the Charlotte Sun, February 16, 2007, a front page article, “Charlotte housing market shows life€, tells an incomplete story. This is no fault of the writer, Bob Fliss, the newspaper’s Business Editor. Bob is an excellent reporter and his informative business articles are interesting and valuable. Nevertheless, Bob can only report on data that is supplied to him.

The number of sales recorded and the median price does not tell the entire story about the Charlotte County housing market. While sales in much of the state are way down and median price is lower, it seems that Charlotte County is fairing much better.

Tell that to home sellers!

Looking a bit closer at the data, one finds that while buyers are still purchasing homes at prices they can afford, they are getting a whole lot more for their money. Take for instance, PGI.

In January, 2004, 17 homes were sold in Punta Gorda Isles. The median price was $395,000. For that money the buyer got a 3/2/2 (three bedroom, two bath, two car garage) 1,678 square foot home with a swimming pool on a sailboat canal, built in 1968. That month the lowest price home was a 2/2, no waterfront, no pool for $147,000. The most expensive was a 3/2/2 pool home with sailboat water on Casey Key Dr. that sold for only $673,000€¦ quite a bargain by 2006!

One year later, January 2005, after Hurricane Charlie, there were 13 homes sold in PGI. The median price was $500,000 and that home was 3/2/2 with pool, 2,170 sq ft, on a powerboat canal, built in 1990.

By January 2006 prices were out of hand. The huge wave of buying was just behind us, but sellers and buyers had yet to realize this. Only 5 homes sold in Punta Gorda Isles, Florida that month according to the local MLS, but the median price was $815,000 for a 1977, 3/2/2, 2,195 sq/ft pool home on a powerboat canal.

Last month, January 2007, reality had set in. The number of unsold homes was way up and prices had been falling for some months. Buyers were still able to afford a nice home but they had many more choices and were met with sellers who were ready to deal. That month the median price of homes sold in PGI was $510,000. The home was a 3/2/2, 1,772 sq/ft pool home on a sailboat canal, built in 1983.

Again, it could be argued that these stats only tell part of the story. The median price homes in 2006 and 2007 were comparing apples and oranges. The $815,000 home sold in 2006 was over 400 sq ft larger and had a bit more waterfront. Yes, it is six years older than the median priced home in 2007 but does all the rest add up to $305,000 more in value?

Let’s look at the three PGI homes sold in 1/2007 that came in over the median price. For $520,000 a lucky buyer owns a home built in 2000. It is a 3/2/2, 2,007 sq/ft pool home on a sailboat canal. It is not quite as large as the 2006 home for $815,000 but it is newer with modern design and more strict codes. The seller was asking $575,000 and came down over $50,000.

The next more expensive home sold in 2007 was on the market 346 days before being sold. The original asking price was $759,000, reduced to $695,000 and sold for $550,000. It is a 3/2/2-1/2 pool home, 2,283 sq/ft on a sailboat canal. The home was built in 1981. The description of the home in the MLS tells a lot: Amazing long wide endless view of water and mangroves. Older spacious home with unlimited possibilities. New roof, AC, pool cage and electric shutters. Great storage areas, modern open kitchen, corian counters, big master bath plus€¦

The most expensive home sold last month in PGI was listed for $790,000 and sold for $686,000. It is a 3/2/2-1/2 pool home, built in 2002. It has 2,337 sq/ft of living space under air. The home is on a powerboat canal. The description: LOOKING FOR LUXURY? YOU HAVE FOUND IT HERE. WIDE VIEWS OF INTERSECTING CANALS, 10 MINUTES TO PEACE RIVER. THE KITCHEN HAS PULL OUT PANTRY SHELVES FOR ADDED CONVENIENCE. CENTRALLY LOCATED COOK TOP RANGE WITH RESTAURANT-STYLE HOOD. HUGE POOL WITH SPA€¦

This most expensive home sold in January 2007 compares favorably to the median priced home sold in January 2006. It is slightly larger but much newer. They are located very nearby and even use the same canals to access Charlotte Harbor. For $129,000 less money the buyer in 2007 got a whole lot more home than the buyer in 2006€¦. A larger house built to more stringent codes, an extra half bathroom and up to date design.

This is happening all over the county. While the price of a Punta Gorda Isles, FL waterfront home magnifies the drop in home prices, the same thing is happening in Rotonda, Port Charlotte, Englewood and Deep Creek. Last year at this time Andy and I had a difficult time finding a nice home in Port Charlotte for buyers in the $150,000 - $175,000 range. Now, even better homes are being offered at less than $150,000. These buyers can still afford the $175,000 home but they will get a lot more for their money!

The median price of homes sold has not changed very much because qualified buyers still have the same income and available down payment. When they apply for a mortgage the loan officer tells them they are in the same price range as last year. Only now they have more choices and are in a better negotiating position. Investors are a much smaller segment of the buying market and land sales have plummeted.

Home buyers are slowly returning to the market and Charlotte County will see a more “normal€ real estate market in the coming years. Most homes sold will be for personal use rather than investment. Land sales will also level out with prices moderating as buyers select from a huge inventory for that parcel on which to build their dream home in paradise.

This is a great time to be a buyer of real estate in Southwest Florida. There are bargains galore and the statistics only tell part of the story.

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

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Building lots affected by Scrub Jays in Charlotte and Sarasota Counties, FL

Posted by Jim Mulligan on February 13th 2007 to Local Interest, SW FL Land

For information on Scrub Jays in Charlotte and Sarasota Counties there is an article on our website. Click the following link to read the article. Scrub Jay lots in these counties require special permitting. This article has links to check if your lot has been affected. It also has links to reports by USFWS and the counties. There is also a list of environmental consultants who conduct Scrub Jay studies to determine if the birds presently inhabit your property and help in gaining clearance to build.

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida

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homes for sale in Rotonda, Florida.

Rotonda, Florida – Sales Statistics – 1/2006

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Rotonda, Florida Real Estate

Statistics posted monthly, approximately the 10th of the month for the preceding month. If this report is not for the most recent month, Click here for most recent area real estate sales statistics. Then bookmark that page to get the most recent updates every month€¦

Rotonda is divided into several sections. These include Rotonda West, Rotonda Lakes, Rotonda Sands, Rotonda Villas and Meadows and Rotonda Heights.

Rotonda West is further divided into seven pie shaped subdivisions: Oakland Hills, Pebble Beach, Pinehurst, Broadmoor, Long Meadow, White Marsh and Pine Valley, named to emphasize the golf course community.

Rotonda West is the most fully developed and therefore has the most resale homes. Rotonda Heights and Rotonda Lakes also have resale homes while the remaining communities are sparsely developed resulting in few resale homes. Most of the real estate sales in Rotonda Sands, Rotonda Villas and Meadows are vacant lot sales.

There are currently 407 homes for sale in Rotonda, FL.
The price range is $165,000 - $949,900. The median price is $299,000.

The breakdown of single-family home sales is as follows:

1-2007: 7 homes sold, $230,000- $470,000. Median price: $329,000.

12-2006: 18 homes sold, $192,500- $449,000. Median price: $309,000.

11-2006: 17 homes sold, $165,000 - $390,000. Median price: $245,000.

10-2006: 2 homes sold, $213,000 and $235,000

9-2006: 3 home sold, $158,000 - $290,000. Median price: $280,000

8-2006: 4 homes sold, $205,000 - $540,000. Median price: $300,000

7-2006: 7 homes sold, $210,000 -$372,000. Median price: $280,000

6-2006: 17 homes sold, $220,000 - $505,000. Median price: $330,000

Condominiums in Rotonda, FL (Rotunda, FL), FL are mostly new construction with only a few resales. There are currently 74 condos for sale in Rotonda, FL. The price range is $108,000 - $345,900 and a median price of $219,000.

SOLD:

1-2007: 2 sold, $140,000 and $214,000

12-2006: 1 sold, $105,000

11-2006: None sold

Five have sold since June 1, 2006, $111,500 - $215,000. Median price: $199,000.

The sale of lots in Rotonda, FL (Rotunda, FL), FL has also been quite slow in 2006. There are presently 1,381 building lots for sale in Rotonda, FL. The price range is $19,500 for a lot in Rotonda Villas to $189,000 for a lot in Pine Valle section of Rotonda West. The median price is $74,000. For the purpose of this report we have discarded oversize lots and multiple lot offerings. In the many sections of Rotonda, the price of vacant land will vary greatly depending upon age of surrounding homes, number of area homes, size of the lot, etc€¦ Before using this data to value your specific lot, please call or write so we can perform an area analysis. Furthermore, all the high asking prices are outrageously overpriced for today’s conditions. Sales stats tell more of the story.

Sold:

1-2007 – 21 sold, $20,000 – $122,000. Median price: $44,900

12-2006 – 26 sold, $17,000 – $127,500. Median price: $18,000

11-2006 – 20 sold, $17,500 – $69,900. Median price: $25,500.

87 vacant lots have sold in all areas of Rotonda June 1, 2006 – October 31, 2006. The price range was $22,000 for a building lot in Rotonda Villas to $132,000 for a larger lot in the new section of White Marsh in Rotonda West.

Your Suncoasteam is committed to finding the best property available to fit your needs. We work for you to get the best deal possible. If you’re not happy, we’re not happy. Please consider Your Suncoasteam when buying and selling real estate in Rotonda, FL (Rotunda, FL).

Andy Leonard and Jim Mulligan are real estate brokers serving Rotonda, FL (Rotunda, FL), FL and the surrounding areas. The following handy links, will take you to our Rotonda, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Rotonda, FL (Rotunda, FL), FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Rotonda, FL (Rotunda, FL).

Rotonda (Rotunda) All Sections:

condos for sale in Rotonda, Florida.

lots for sale in Rotonda, Florida.

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

Visit our Suncoasteam Blog to read discussions on local real estate trends and reports on prices of land in homes in our area€¦ and you can leave your own comments or ask questions.

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida

Sellers – Know what your Southwest Florida home is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your Southwest Florida Home.

Homes For Sale In Port Charlotte. Florida – Northeast Section

Port Charlotte, FL - Sales Statistics – 1/ 2006

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Port Charlotte, Florida Real Estate

There are currently (2/6/07) 1,789 homes for sale in Port Charlotte, FL (Sections P101 – 106). The price range is $70,000 - $7,992,000. The median price is $225,000.

One must understand that there are modest one bedroom retirement homes as well as extravagant waterfront estates in Port Charlotte. This town has something for everyone. Boaters and Sailors can find homes on gulf access canals and those on fixed incomes can find a cozy Florida cottage.

Sold:

1-2007: 44 homes sold, $60,000 - $600,000. Median price: $165,000.
12-2006: 75 homes sold, $79,000 - $600,000. Median price: $200,000.
11-2006: 61 homes sold, $68,250 - $635,000. Median price: $185,000.
10-2006: 85 homes sold, $95,000 - $521,000. Median price: $169,500.
9-2006: 69 homes sold, $67,000 - $570,000. Median price: $190,000.
8-2006: 91 homes sold, $65,000 - $500,000. Median price: $179,000.
7-2006: 85 homes sold, $50,000 - $1,100,000. Median price: $185,000.
6-2006: 94 homes sold, $75,000 - $749,900. Median price: $193,000.
5-2006: 120 homes sold, $70,000 - $1,275,000. Median price: $180,000.
4-2006: 101 homes sold, $105,000 - $650,000 Median price: $185,000.
3-2006: 125 homes sold, $99,000 - $1,300,000. Median price: $190,000.
2-2006: 84 homes sold, $95,000 - $975,000. Median price: $195,000.
1-2006: 74 homes sold, $65,000 - $1,300,000. Median price: $191,000.

Condominiums in Port Charlotte, FL can be a great value. There are many very reasonably priced. There are currently 311 condos for sale in Port Charlotte, FL. The price range is $50,000 - $750,000 and a median price of $130,000.

Sold:
1-2007: 5- $ 72,000 - $110,000. Median price: $72,500.
12-2006: 9- $ 75,000 - $450,000. Median price: $117,000.
11-2006: 9- $ 90,000 - $144,500. Median price: $119,900.
10-2006: 8 - $73,000 - $121,000. Median price: $84,900.
9-2006: 8- $ 65,000 - $319,000. Median price: $120,000.
8-2006: 8- $ 76,900 - $125,000. Median price: $101,000.
7-2006: 7- $ 95,000 - $222,500. Median price: $108,000.
6-2006: 11- $ 44,000 - $150,000. Median price: $115,000.
5-2006: 14- $ 108,000 - $251,800. Median price: $118,000.
4-2006: 9- $ 89,000 - $195,000. Median price: $115,000.
3-2006: 13- $ 80,000 - $385,000. Median price: $119,000.
2-2006: 11- $ 72,000 - $185,000. Median price: $113,500.
1-2006: 11- $ 72,000 - $310,000. Median price: $110,000.

The sale of lots in Port Charlotte, FL has also been quite slow in 2006. There are presently 1,311 building lots for sale in Port Charlotte, FL. (1/2 acre or less, residential with public water on paved road) For the purpose of this report we will consider ONLY lots with public water service. It may be possible to find lots that require a well for somewhat less money. The price range for lots with public water service is $18,000 - $1,400,000 for a waterfront lot with spectacular views of Charlotte Harbor. Median price: $47,000. Keep in mind that waterfront lots or extra large lots sell for quite a bit more than a standard, neighborhood dry lot.

Sold:

1-2007: 27 - $18,000 - $43,000. Median price: $20,000.
12-2006: 12 - $15,000 - $159,900. Median price: $30,000.
11-2006: 15 - $15,000 - $1,200,000. Median price: $24,000.
10-2006: 17 - $24,375 - $165,000. Median price: $25,000.
9-2006: 12 - $19,000 - $165,000. Median price: $26,500.
8-2006: 22 - $18,000 - $205,000. Median price: $35,000.
7-2006: 16 - $24,500 - $304,000. Median price: $30,000.
6-2006: 26 - $16,500 - $155,000. Median price: $31,000
5-2006: 22 - $25,000 - $850,000. Median price: $33,000.
4-2006: 30 - $12,500 - $185,000. Median price: $40,000.
3-2006: 30 - $30,900 - $255,000. Median price: $45,000.
2-2006: 37 - $28,000 - $216,500. Median price: $48,900.
1-2006: 50 - $22,000 - $550,000. Median price: $48,000.

Andy Leonard and Jim Mulligan are real estate brokers serving Port Charlotte, FL and the surrounding areas. The following handy links, will take you to our Burnt Store, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Port Charlotte, FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Port Charlotte, FL.

Port Charlotte Section:

Port Charlotte – Northeast:

Condos For Sale In Port Charlotte, Florida – Northeast Section

Lots and Land For Sale In Port Charlotte, Florida – Northeast Section

Port Charlotte – Southwest:

Homes For Sale In Port Charlotte, Florida – Southwest Section

Condos For Sale In Port Charlotte, Florida – Southwest Section

Lots and Land For Sale In Port Charlotte, Florida – Southwest Section

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida

Sellers – Know what your Southwest Florida home is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your Southwest Florida Home.

Homes For Sale In Burnt Store Isles, Florida

Burnt Store Isles, FL – Sales Statistics – 1/2006

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Burnt Store Isles, Florida Real Estate

There are currently 77 homes for sale in Burnt Store Isles, FL. The price range is $279,000 - $1,365,000 and a median price of $599,000. This is unchanged from last two months. Buyers will continue to find very motivated sellers.

The breakdown of home sales is as follows:

1-2007: 5 homes sold, $320,000 - $686,000. Median: $510,000

12-2006: 0 homes sold.

11-2006: 4 homes sold, $410,000 - $575,000. Median price: $520,000.

10-2006: 4 homes sold, $340,000 - $990,000. Median price: $776,000.

9-2006: 1 home sold, $750,000

8-2006: 0 homes sold

7-2006: 5 homes sold, low price, $295,000, high price, $699,000, median price, $460,000

6-2006: 1 home sold, $7898,000

Condominiums in Burnt Store Isles, FL are mostly new construction with only a few resales. There are currently 46 Condos For Sale In Burnt Store Isles, FL. The price range is $172,000 - $499,000 and a median price of $289,000.

1-2007: none sold

12-2006: none sold

11-2006: none sold

None sold in October, 2006.

Three have sold since June 1, 2006 at $180,000, $242,000 and $407,000.

There are presently 78 building lots for sale in Burnt Store Isles, FL. The price range is $119,900 - $685,000 with a median price of $375,000.

No lots sold in BSI during the month of November or December 2006 and only 8 have sold all this year.

1-2007: None sold

Andy Leonard and Jim Mulligan are real estate brokers serving Burnt Store Isles, FL and the surrounding areas. The following handy links, will take you to our Burnt Store, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Burnt Store Isles, FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Burnt Store Isles, FL.

Burnt Store (Burned Store) West, Isles & Meadows:

Condos For Sale In Burnt Store Isles, Florida

Lots and Land For Sale In Burnt Store Isles, Florida

Burnt Store Marina, Lakes & Village:

Homes For Sale In Burnt Store Marina, Florida

Condos For Sale In Burnt Store Marina, Florida

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

Visit our Suncoasteam Blog to read discussions on local real estate trends and reports on prices of land in homes in our area€¦ and you can leave your own comments or ask questions.

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida

Sellers – Know what your Southwest Florida home is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your Southwest Florida Home.

Homes For Sale In Deep Creek, Florida

Deep Creek, FL – Sales Statistics –1/2007

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Deep Creek, Florida Real Estate

There are currently (February 6, 2007) 347 homes for sale in Deep Creek, FL. Single family home prices start at $159,900 with a high asking price of $599,000, unchanged from the previous month. The median asking price of homes for sale in Deep Creek, FL is $256,000.

This has created opportunities for those now seeking retirement, vacation or full time homes. Deep Creek also has a nice inventory of available condos and vacant land on which to build your home.

In order to help buyers and sellers better understand the current real estate market, your Suncoasteam has assembled a report of real estate sales in Deep Creek, FL since June, 2006.

The breakdown of home sales is as follows:

1-2007: 15 homes sold, $190,150 - $360,000. Median price: $223,000

12-2006: 17 homes sold, $169,000 - $268,900. Median price: $225,000

11-2006: 15 homes sold, $157,900 - $368,000. Median price: $231,000

10-2006: 11 homes sold, $189,900 - $402,000. Median price: $230,000.

9-2006: 11 homes sold, low price, $178,000, high price, $310,000, median price, $240,000

8-2006: 19 homes sold, low price, $170,000, high price, $399,000, median price, $245,000

7-2006: 21 homes sold, low price, $200,000, high price, $370,000, median price, $265,000

6-2006: 43 homes sold, low price, $209,000, high price, $380,000, median price, $250,000

There are currently 145 condos for sale in Deep Creek, FL. The lowest asking price is $105,000 and the highest price is $389,900. The median price: $159,900.

Recent sales of Condos in Deep Creek, Florida:

1-2007: 3 condos sold, $125,000, $160,000, $168,900

12-2006: 16 condos sold, $89,000 - $198,625. Median price: $169,610.

11-2006: 8 condos sold, $150,000, $198,800. Median price: $170,000.

10-2006: 3 condos sold, $105,000, $144,900, $319,900.

9-2006: 19 condos sold, low price, $122,000, high price, $206,000, Median price, $171,000.

8-2006: 14 condos sold, low price, $122,000, high price, $207,500, Median price, $158,600.

7-2006: 20 condos sold, low price, $90,000, high price, $176,500, Median price, $149,900.

6-2006: 14 condos sold, low price, $130,000, high price, $381,000, Median price, $150,000.

The sale of lots in Deep Creek, FL has stagnated in 2006. There is a large area of Deep Creek that has been determined to be a nesting area for scrub jays, an endangered species of bird. Obtaining building permits in an area designated a Scrub Jay Hazard Area can be a lengthy process. It is very important that a buyer of vacant land in Deep Creek, Florida employ a real estate broker with knowledge of Scrub Jay Hazard areas. The real estate brokers of your Suncoasteam have attended seminars on this subject and have a great deal of experience with such properties. We will be happy to discuss your concerns.

There are presently 262 lots for sale in Deep Creek, FL. (Smaller than 1/2 acre) The price range is $18,000 - $249,000 with a median price of $60,000, unchanged from December, 2006.

Recent lands sales in Deep Creek, FL:

1-2007: 4 sold - $18,333 - $33,000. Median: $18,333

12-2006: 1 sold - $45,000

11-2006: 0 sold

10-2006: 1 sold, $67,500.

9-2006: 1 sold, $45,000.

8-2006: 1 sold: $50,500.

7-2006: 7 sold: Low price, $45,000 high price, $52,000, median price, $50,000

6-2006: 5 sold: Low price, $58,000 high price, $75,000, median price, $60,000

Andy Leonard and Jim Mulligan are real estate brokers serving Deep Creek, FL and the surrounding areas. The following handy links, will take you to our Deep Creek, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Deep Creek and Punta Gorda Isles, FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Deep Creek, FL.

Deep Creek Section:

Condos For Sale In Deep Creek, Florida

Lots and Land For Sale In Deep Creek, Florida

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida

Sellers – Know what your Southwest Florida home is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your Southwest Florida Home.

Homes For Sale In Punta Gorda Isles, Florida

Punta Gorda Isles, FL – Sales Statistics Report – 1/2007

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Punta Gorda Isles, Florida Real Estate

Sales of homes in Punta Gorda Isles, FL have been very slow since January, 2006. There are currently (February 6, 2007) 284 Homes For Sale In Punta Gorda Isles, FL.

The price range is $184,500 - $5,400,000 and a median price of $569,000. This creates great buying opportunities.

The breakdown of home sales is as follows:

1-2007: 7 homes sold. $320,000 - $685,000. Median price: $510,000.

12-2006: 5 homes sold. $318,000 - $945,000. Median price: $455,000.

11-2006: 5 homes sold. $415,000 - $750,000. Median price: $480,000.

10-2006: 6 homes sold. $345,000 - $825,000. Median price: $460,000.

9-2006: 5 homes sold, low price, $350,000, high price, $1,155,000, median price, $505,000

8-2006: 9 homes sold, low price, $350,000, high price, $850,000, median price, $540,000

7-2006: 10 homes sold, low price, $400,000, high price, $830,000, median price, $550,000

6-2006: 12 homes sold, low price, $390,000, high price, $1,165,000, median price, $590,000

Sales of Condominiums in Punta Gorda Isles, FL have fared even worse than home sales. There are currently 399 Condos For Sale In Punta Gorda Isles, FL. The listing price range is $124,900 to $1,349,000 with a median price of $339,000.

Recent sales of Condos in Punta Gorda Isles, Florida:

1-2007: 6 sold, $195,000,000 - 490,000. Median: $250,000

12-2006: 3 sold, $235,000, $325,000 and $365,000.

11-2006: 2 sold, $280,000 and $550,250.

10-2006: 8 sold, $150,000 - $531,000. Median price: $275,000.

9-2006: 3 condos sold, low price, $215,000, high price, $575,000, Median price, $347,000.

8-2006: 3 condos sold, low price, $210,000, high price, $368,000, Median price, $287,500.

7-2006: 6 condos sold, low price, $199,000, high price, $490,000, Median price, $300,000.

6-2006: 12 condos sold, low price, $199,000, high price, $900,000, Median price, $286,000.

There are presently 226 building Lots For Sale In Punta Gorda Isles, FL.

The price range is $60,000 - $2,600,000 with a median price of $400,000, unchanged from September. Vacant land is much more difficult to quantify than existing homes or condos, however the number available compared to sales show trends in the market.

Recent lands sales in Punta Gorda Isles, FL:

1-2007: 0 sold.

12-2006: 1 sold, $340,000

11-2006: 2 sold, $275,000 and $300,000.

10-2006: 2 sold, $235,000 and $265,000

9-2006: 2 sold, $255,000 and $325,000.

8-2006: 1 sold: $330,000.

7-2006: 1 sold: $455,000.

6-2006: 3 sold: $365,000, $590,000, $625,000.

Andy Leonard and Jim Mulligan are real estate brokers serving Punta Gorda Isles, FL and the surrounding areas. The following handy links, will take you to our Punta Gorda, Florida real estate search of MLS systems. Your Suncoasteam’s MLS search for Punta Gorda Isles, FL is the most comprehensive service provided by any broker in southwest Florida. Please “bookmark€ this search page and use it as your exclusive source for real estate in Punta Gorda Isles, FL.

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James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

Visit our Suncoasteam Blog to read discussions on local real estate trends and reports on prices of land in homes in our area€¦ and you can leave your own comments or ask questions.

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Punta Gorda, FL and Port Charlotte, FL Home Sales Statistics 1/2007 Report

Posted by Jim Mulligan on February 08th 2007 to Price Trends

Homes Sold in Punta Gorda, Florida and Port Charlotte, Florida

This chart is intended to help buyers and sellers understand the trend in homes sold in the area over the last two years. In mid 2005 prices soared and seemed to hold while sales slowed. During the Spring and Summer of 2006 prices began to moderate. This chart follows the sale of the average home in our area. For the purpose of this report we call the home a Standard Home (STD).

Notes:

STD: Standard home is a non-waterfront, 3 bedroom, 2 bathroom, 2 car garage, between 1500 and 200 square feet of air conditioned living area. Median sale price (half sold for more, half sold for less) was determined for homes with a pool and homes without.

All Active S/F/H Listings: All homes listed for sale per month in PC-PG

Active Median List Price: STD homes in PG & PC sections.

STD SFH Sold/month: Number and median price of Standard Homes (STD) sold in PC&PG sections each month, separated into with pool and without pool categories. Number of homes sold in each category in parentheses (#).

All Punta Gorda, Port Charlotte: MLS Sections 101 – P 124

ACTIVE STATISTICS

2/5/2007
All Active S/F/H Listings – 3321
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $265,900 (222),
n/pool, $233,900 (285)

1/10/2007
All Active S/F/H Listings – 3136
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $265,900 (277),
n/pool, $234,900 (370)

12/15/2006
All Active S/F/H Listings – 3224
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $274,500 (251),
n/pool, $244,900 (329)

7/15/2006
All Active S/F/H Listings – 2888
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $284,900 (182),
n/pool, $244,900 (241)

6/9/06
All Active S/F/H Listings – 2862
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $289,500 (184),
n/pool, $249,900 (250)

5/25/06
All Active S/F/H Listings – 2901
Active Median List Price. 3/2/2, 1500 – 2000 s/f, w/pool $299,900 (217),
n/pool, $249,900 (280)

SOLD STATISTICS

STD SFH Sold/month: $-STD/with pool $STD/no pool

1/2007- pool - $240,000 (8) - no pool- $205,000 (4)

12/2006- pool - $250,975 (9) - no pool- $178,000 (16)

11/2006- pool - $232,000 (10) - no pool- $205,000 (8)

10/2006- pool - $230,000 (10) - no pool - $205,000 (11)

9/2006- pool - $237,000 (5) - no pool - $207,000 (14)

8/2006- pool - $252,500 (12) - no pool - $195,000 (17)

7/2006- pool - $249,000 (16) - no pool - $209,000 (12)

6/2006- pool - $245,000 (17) - no pool- $220,000 (16)

5/2006- pool - $255,000 (14) - no pool- $220,000 (12)

4/2006- pool - $245,000 (15) - no pool - $219,900 (19)

3/2006- pool - $285,000 (19) - no pool - $235,000 (11)

2/2006- pool - $269,000 (5) - no pool - $229,000 (8)

1/2006- pool - $247,000 - no pool - $225,000

12/2005- pool - $260,000 - no pool - $239,500

11/2005- pool - $270,000 - no pool - $241,900

10/2005- pool - $285,000 - no pool - $227,000

9/2005- pool - $270,000 - no pool - $225,000

8/2005- pool - $252,450 - no pool - $225,000

7/2005- pool - $262,000 - no pool - $220,000

6/2005- pool - $254,000 - no pool - $225,000

5/2005- pool - $240,000 - no pool - $192,000

4/2005- pool - $220,000 - no pool - $199,500

3/2005- pool - $215,000 - no pool - $209,000

2/2005- pool - $240,000 - no pool - $195,000

1/2005- pool - $203,500 - no pool - $234,900

12/2004- pool - $198,900 - no pool - $189,850

11/2004- pool - $194,000 - no pool - $155,000

10/2004- pool - $180,000 - no pool - $172,500

9-2004- pool - $180,000 - no pool - $173,250

8/2004- pool - $185,000 - no pool - $172,900

7/2004- pool - $197,000 - no pool - $170,000

6/2004- pool - $205,000 - no pool - $168,000

5/2004- pool - $179,900 - no pool - $150,900

4/2004- pool - $181,500 - no pool - $154,000

3/2004- pool - $170,000 - no pool - $144,000

2/2004- pool - $170,000 - no pool - $164,900

1/2004- pool - $163,000 - no pool - $134,000

Discussion: 2007 should be a great time to buy a home in this area. There is a large inventory and a great selection. The median price for homes in the area has leveled off and there are many great deals as sellers have come to realize that asking prices of the last year were too high. With the new year and the “snowbird season€, there are a good number of lookers.

James B. Mulligan, Licensed Real Estate Broker
18245 Paulson Dr.
Port Charlotte, FL 33954

Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com

featured Properties:
Featured Homes and Lots For Sale In Southwest Florida, Florida

Sellers – Know what your Southwest Florida home is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your Southwest Florida Home.