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Photos of 873 Webster Ave.

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873 Webster Avenue, Port Charlotte, FL 33948

Posted by Donata on January 14th 2008 to Rental-Annual

Freshly Painted 2 bedroom, 2 bath 1 car port. Open Living Room, Large Lanai with quiet view. Beautiful Terazzo Floors, huge back yard with utility shed. Upgraded windows. Economical and efficient living. Close to parks, boat ramps, fishing and shopping mall.

To view more information and photos of this house, click on link below:

Donata Noone, Property Manager (941-875-4744)

PO Box 380503

Murdock, FL 33938

Jim Mulligan (941) 456-3034

Andy Leonard (941) 662-0033

Questions sales@suncoasteam.com Search the Southwest, Florida MLS

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Forecast says housing backlog gone after 2010

Posted by Jim Mulligan on January 08th 2008 to Price Trends

Charlotte Sun-Herald Newspaper. Reprinted with permission.

January 8, 2008

By BOB FLISS CHARLOTTE BUSINESS EDITOR

Compared with the rest of Southwest Florida, Charlotte County’s residential real estate market is in fair shape, according to an economic forecast released Monday.
No predictable event is likely to produce a repeat of Charlotte’s post-Hurricane Charley “boom€ year of 2005, when about 13,000 single-family houses changed ownership, nearly all existing structures.
But the forecast by Orlando economist Hank Fishkind states that 2007 should be the bottom of the market in Charlotte County, with only about 3,600 sales of new and existing houses.
For 2008, Fishkind predicts about 4,300 sales, rising to about 4,900 in 2009, and 6,000 in 2010. This would still be slightly less than the volume of new homes sold during the last pre-Hurricane Charley years of 2002 and 2003, but it’s as close to a full recovery as the local market is likely to get.
Although the slow residential market is causing significant job losses, Fishkind said that the overall economy is in much better shape than the last major housing bust, which occurred in 1990-91.
“Then you had a severe recession with very high interest rates … I don’t believe we will have a recession, and if we do, interest rates are much lower than in 1990-91,€ Fishkind said.
Important as construction is to the Florida economy, there’s enough momentum from other sectors to prevent a recession, Fishkind said. Also, look for the Federal Reserve to continue cutting interest rates, which should provide relief to borrowers caught with adjustable-rate mortgages, while possibly encouraging some potential real estate buyers.
Although selling a house in the current market has become a challenge, prices have come down only moderately. Fishkind said he didn’t see any major loss in property values.
“Home prices aren’t like the prices of barbecue grills at Wal-Mart. If there’s an excess of barbecue grills at the end of the season, you just cut the prices until you clear the market,€ Fishkind said.
Houses, on the other hand, usually represent the largest share of the owners’ assets €” hence, there’s an understandable reluctance to cut prices.
“In Florida, prices tend to shoot up like a rocket and come down like a feather,€ Fishkind said. He forecasts that the average sale price of a Charlotte County house will stay around at its current level of $218,000 through 2010.
In Sarasota County, this figure should hold around $340,000. In Lee County, the price should hover around $310,000, while in rural DeSoto County, the going price should be stuck around $113,000.
All of these markets have inventories to work off €” but volatile prices should be much of a concern through 2010, Fishkind concluded.
Another bit of good news is that Charlotte is still gaining population and jobs, Fishkind noted in a Monday conference call arranged by the sponsor of his forecast, Attorneys’ Title Insurance Fund Inc., also of Orlando. This is the second year Fishkind has done the report, which is based on actual sales data for all 67 Florida counties, processed with a series of macroeconomic equations.
Hurricane Charley led to a loss of about 3,000 residents during 2005, Fishkind reported. Since then, Charlotte has returned to a fairly steady pattern of growth €” about 6,000 new residents in 2006, about the same forecast for 2007. Looking forward, Charlotte should gain a little less than 5,000 residents in 2008 and in 2009, rising to about 5,500 in 2010.
Future demand for housing closely tracks population growth. The number of new households will be roughly half the number of new residents. And each household needs a place to live.
And that’s where Charlotte seems to be on a much steadier course than some neighboring communities €” notably Fort Myers and Cape Coral in Lee County. Fishkind describes Lee County as probably the most “distressed€ housing market in the state, because construction has outstripped demand, leaving an inventory that will take several years to work off.
For 2007, Fishkind predicts about 2,800 new households in Charlotte County, against an inventory of about 7,000 houses. These numbers are going to move closer together in 2008, closer still in 2009, and balance out in 2010, when Fishkind predicts 3,500 new households against 2,500 existing houses on the market, and about 1,500 housing starts.
Lee County has a much larger backlog to work off. Population growth appears to have peaked in 2006 with about 36,000 new residents. But that figure dropped in 2007 to about 19,000, representing about 8,500 new households.
At least these new Lee County residents have an inventory of about 25,000 houses to choose from. And this inventory will take years to work off. Fishkind predicts that by 2010, Lee County’s housing starts and housing inventory will still be nearly twice the number of new households.
But perhaps the most overbuilt market in Florida may be condominiums in Miami. The oversupply situation there is comparable to the boom and bust of the 1970s, Fishkind said.

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

Questions sales@suncoasteam.com

Featured Homes, Condos and Lots for Sale in Southwest, Florida

Port Charlotte Homes For Sale
Port Charlotte Condos For Sale
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You can also browse real estate listings in North Port, Port Charlotte, Punta Gorda, and surrounding areas:

Port Charlotte Real Estate

Punta Gorda Isles Real Estate

Punta Gorda Isles Homes For Sale
Punta Gorda Isles Condos For Sale
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Waterfront homes in Punta Gorda Isles

Punta Gorda Real Estate

Punta Gorda Homes for Sale
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Burnt Store Isles Real Estate

Burnt Store Isles Homes For Sale
Burnt Store Isles Condos For Sale
Burnt Store Isles Lots For Sale

Deep Creek Real Estate

Deep Creek Homes For Sale
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North Port Real Estate

North Port Homes For Sale
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Rental Properties – Annual – Seasonal in Port Charlotte, Punta Gorda, Rotonda, North Port and Deep Creek, Florida.

Punta Gorda Isles Homes For Sale

Dr. Peter Bryan-Brown

Posted by Jim Mulligan on January 08th 2008 to Local Interest

The following article is from the Charlotte Sun-Herald, Tuesday, January 8, 2008. I had the pleasure of knowing Peter and his gracious and kind wife, Evelyn. They both lived their lives by example, showing all who met them the best of humanity. Peter will be missed by anyone who has known him.

I have enjoyed sailing with their son, Nick and through him have gotten to know the family. They are products of their parents and people who it is my honor to call friends.

Jim Mulligan

Peter Bryan-Brown
Dr. Peter Bryan-Brown, 83, of Punta Gorda, Fla., died Sunday, Jan. 6, 2008. He was born in China, and returned to England with his missionary parents. Peter received his medical degree at Cambridge University. He and his beloved wife, Evelyn, led an adventurous life, living in New Zealand, Hawaii, Massachusetts, New Jersey and finally in Punta Gorda. His unique personality and intellect made him an unforgettable character. He was a member of CafÃ© Philo, the Port Charlotte Multihull Association and the Harvard Club. He is survived by his daughters, Diana (Brian) Thorpe of Northville, Mich., and S. Rose (Raymond) Gordon of Newark, N.J.; sons, Nicholas (Claudia Richards) Bryan-Brown of Mattapoisett, Mass., and Michael (Kayla Black) Bryan-Brown of Bainsbridge Island, Wash.; and six grandchildren. He was preceded in death by his wife after 58 years of marriage. Memorial services will be held at 1:15 p.m. Thursday, Jan. 10, 2008, at the Episcopal Church of the Good Shepherd in Punta Gorda. In lieu of flowers, the family requests donations be made to TideWell Hospice and Palliative Care, 5955 Rand Boulevard, Sarasota, FL 34238.

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Punta Gorda Isles, FL (PGI) – Real Estate Sales Statistics – 12/2007

Posted by Jim Mulligan on January 08th 2008 to Price Trends

Punta Gorda Isles, 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€¦

Sales of homes in Punta Gorda Isles, FL have been very slow since January, 2006. Buyers are getting much more for their money than they were in 2006. There are currently 244 homes for sale in Punta Gorda Isles, FL. The price range is $148,000 – $5,400,000 and a median price of $549,000. This creates great buying opportunities.

If you are considering buying a home in Punta Gorda Isles, FL, there have been few opportunities as good as the present.

The breakdown of home sales is as follows:

12-2007: 10 homes sold. $250,000 – $850,000. Median price: $375,000

11-2007: 9 homes sold. $250,000 – $869,000. Median price: $475,000

10-2007: 9 homes sold. $330,000 – $590,000. Median price: $420,000

9-2007: 7 homes sold. $169,000 – $725,000. Median price: $325,000

8-2007: 16 homes sold. $340,000 – $750,000. Median price: $460,000

7-2007: 3 homes sold. $355,000 – $700,000. Median price: $355,000

6-2007: 12 homes sold. $325,000 – $825,000. Median price: $475,000

5-2007: 3 homes sold. $295,000 – $600,000. Median price: $530,000.

4-2007: 5 homes sold. $299,000 – $885,000. Median price: $585,000.

3-2007: 13 homes sold. $325,000 – $1,300,000. Median price: $550,000.

2-2007: 14 homes sold. $295,000 – $610,000. Median price: $470,000.

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 been slow for more than a year but there seems to be some renewed interest in buyers. PGI has some of the nicest condos in Florida and certainly the best price for waterfront condos. There are currently 382 condos for sale in Punta Gorda Isles, FL. The listing price range is $120,000 to $2,990,000 with a median price of $349,000.

Recent sales of Condos in Punta Gorda Isles, Florida:

12-2007: 5 sold, $150,000 – $400,000. Median: $3000,000

11-2007: 3 sold, $159,500 – $414,000. Median: $240,000

10-2007: 5 sold, $105,000 – $450,000. Median: $225,000

9-2007: 5 sold, $181,000 – $382,500. Median: $237,000

8-2007: 6 sold, $191,000 – $415,000. Median: $225,000

7-2007: 1 sold, $134,500

6-2007: 6 sold, $155,000 – 340,000. Median: $267,000

5-2007: 5 sold, $134,900 – 405,000. Median: $177,000

4-2007: 11 sold, $135,000 – 580,000. Median: $200,000

3-2007: 8 sold, $185,000 – 475,000. Median: $279,900

2-2007: 5 sold, $175,000 – 285,000. Median: $200,000

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.

Lots in PGI

There are presently 171 building Lots For Sale in Punta Gorda Isles, FL. The price range is $45,000 – $2,600,000 with a median price of $379,000. 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. PGI is the best waterfront community in Florida. No waterfront community offers better open water access for the money! If you want to own a home on waterfront in Florida, now is the time to buy a Punta Gorda Isles waterfront lot.

Recent lands sales in Punta Gorda Isles, FL:

12-2007: 0 sold

11-2007: 0 sold

10-2007: 1 sold – $250,000

9-2007: 0 sold

8-2007: 2 sold, $195,000 and $225,000

7-2007: 5 sold, $245,000 – $250,000

6-2007: 0 sold

5-2007: 0 sold

4-2007: 0 sold

3-2007: 1 sold, $835,000.

2-2007: 2 sold, $90,000 and $310,000.

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.

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 Punta Gorda Isles, FL.

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.

Punta Gorda Isles:

Punta Gorda Isles Condos For Sale

Punta Gorda Isles Lots For Sale

James B. Mulligan, Licensed Real Estate Broker
PO Box 380503
Murdock, FL 33938

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

Questions sales@suncoasteam.com

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.

Deep Creek Homes For Sale
Deep Creek Condos For Sale
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Deep Creek, FL – Real Estate Sales Statistics – 12/2007

Posted by Jim Mulligan on January 08th 2008 to MLS Listings

Deep Creek, Florida Real Estate

There are currently 238 homes for sale in Deep Creek, FL. Single family home prices start at $148,000 with a high asking price of $499,000. The median asking price of homes for sale in Deep Creek, FL is $229,000.

Deep Creek has some of the best deals in all of Charlotte County. With the high inventory it is easy to find a great deal. Prices are near the level seen prior to the speculative boom and it is a great time to buy. While the median price seems to have risen over the last few months it really reflects the fact that buyers are getting more for their money.

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:

12-2007: 17 homes sold, $135,000 – $232,500. Median price: $188,000

11-2007: 10 homes sold, $170,000 – $320,000. Median price: $200,000

10-2007: 13 homes sold, $154,000 – $315,000. Median price: $192,500

9-2007: 15 homes sold, $148,900 – $285,000. Median price: $215,000

8-2007: 12 homes sold, $164,900 – $319,900. Median price: $215,000

7-2007: 16 homes sold, $155,100 – $245,000. Median price: $185,000

6-2007: 22 homes sold, $140,000 – $400,000. Median price: $210,000

5-2007: 15 homes sold, $150,000 – $455,000. Median price: $214,500

4-2007: 20 homes sold, $144,200 – $285,000. Median price: $227,000

3-2007: 15 homes sold, $145,000 – $330,000. Median price: $208,400

2-2007: 12 homes sold, $160,000 – $225,000. Median price: $218,000

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

Deep Creek Condos

There are currently 105 condos for sale in Deep Creek, FL The lowest asking price is $69,900 and the highest price is $389,900. The median price: $129,900.

Recent sales of Condos in Deep Creek, Florida:

12-2007: 0 condos sold

11-2007: 1 condos sold , $106,000

10-2007: 2 condos sold , $114,900 and $135,000

9-2007: 0 condos sold

8-2007: 2 condos sold, $82,800, $124,500

7-2007: 2 condos sold, $129,900 $ $150,000

6-2007: 5 condos sold, $85,000 – $132,500. Median price: $95,000

5-2007: 2 condos sold, $158,965 and $160,000

4-2007: 3 condos sold, $92,000 – $134,000. Median price: $99,000

3-2007: 6 condos sold, $99,000 – $137,800. Median price: $120,000

2-2007: 2 condos sold, $92,000 and $93,000

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 96 lots for sale in Deep Creek, FL (Smaller than 1/2 acre). The price range is $13,900 – $150,000 with a median price of $49,900. Unchanged in the last month.

Recent lands sales in Deep Creek, FL:

12-2007: 0 sold

11-2007: 2 sold – $7,000 & $17,000

10-2007: 3 sold – $15,000, $20,000 & $55,000

9-2007: 2 sold – $50,000 each

8-2007: 1 sold – $41,000

7-2007: 3 sold – Low $16,000 – high $37,000. Median: $16,000

6-2007: 0 sold

5-2007: 3 sold – Low $17.000 – high $40,000. Median: $30,000

4-2007: 3 sold – Low $25,500 – high $45,000. Median: $39,000

3-2007: 4 sold – Low $14,000 – high $19,000. Median: $14,000

2-2007: 1 sold – $30,000

1-2007: 1 sold – $33,000

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:

James B. Mulligan, Licensed Real Estate Broker
PO Box 380503
Murdock, FL 33938

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

Questions sales@suncoasteam.com

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.

Port Charlotte Homes For Sale
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Port Charlotte, FL – Real Estate Sales Statistics – 12/2007

Posted by Jim Mulligan on January 08th 2008 to Price Trends

Port Charlotte, Florida Real Estate

There are currently 1,503 homes for sale in Port Charlotte, FL. The price range is $38,900 – $6,995,000. The median price is $189,900. (Excluding uninhabitable and mobile homes)

Sales seem to be leveling off and prices are doing the same. A closer look reveals that the median price is reflected in buyers getting more for their money. The typical $200,000 home sold in Port Charlotte last month would have sold for as much as 25% more at this time last year. Buyers are shopping for values and they are certainly finding them in Port Charlotte. Buyers are starting to return to the market, albeit slowly, as they seem to feel that prices are stabile or at least affordable and not likely to drop much further.

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:

12-2007: 58 homes sold, $29,900 – $565,000. Median price: $170,000.

11-2007: 42 homes sold, $73,786 – $340,000. Median price: $164,000.
10-2007: 49 homes sold, $35,000- $423,500. Median price: $154,500.
9-2007: 44 homes sold, $40,000- $287,500. Median price: $120,000.
8-2007: 62 homes sold, $59,360- $500,000. Median price: $150,000.
7-2007: 41 homes sold, $72,500 – $550,000. Median price: $199,000.
6-2007: 70 homes sold, $75,000 – $1,400,000. Median price: $200,000.
5-2007: 67 homes sold, $75,000 – $875,000. Median price: $169,000.
4-2007: 65 homes sold, $75,000 – $900,000. Median price: $165,000.
3-2007: 55 homes sold, $82,000 – $1,985,000. Median price: $195,000.
2-2007: 51 homes sold, $70,000 – $650,000. Median price: $160,000.
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 270 condos for sale in Port Charlotte, Florida. The price range is $44,900 – $359,000 and a median price of $115,000. The change in median price reflects the sale of condos at the low price of the market. Condo sales in Port Charlotte, Florida remain soft in 2007 and this creates opportunities for buyers.

Sold:

12-2007: 3- $ 67,000 – $100,000. Median price: $98,000
11-2007: 5- $ 45,000 – $104,000. Median price: $83,505
10-2007: 4- $ 83,000 – $183,000. AVERAGE price: $130,000
9-2007: 2- $ 75,000 – $80,000
8-2007: 4- $ 75,000 – $158,000. AVERAGE price: $117,750
7-2007: 4- $ 40,000 – $100,000. AVERAGE price: $75,000
6-2007: 7- $ 50,000 – $170,000. Median price: $87,400
5-2007: 11- $ 70,000 – $220,000. Median price: $114,900
4-2007: 11- $ 55,000 – $175,000. Median price: $114,900
3-2007: 13- $ 55,000 – $150,000. Median price: $95,000
2-2007: 11- $ 50,000 – $172,000. Median price: $125,000.
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 and now into 2007. Prices have fallen since the speculation boom of 2004 – 2005 and are unlikely to rebound any time soon. Many speculators have been burdened with a large inventory of lots and are selling at reduced prices. There is a very nice opportunity for buyers to find a great deal on a building site for their new home.

There are presently 978 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 $10,000 – $1,400,000 for a waterfront lot with spectacular views of Charlotte Harbor. Median asking price: $37,900. Keep in mind that waterfront lots or extra large lots sell for quite a bit more than a standard, neighborhood dry lot.

There are very good deals available on building. If a buyer is interested in a lot for personal use, there are many fine lots available.

Sold:

12-2007: 4 – $10,500 – $13,000. Median price: $11,000
11-2007: 6 – $10,000 – $13,500. Median price: $11,000
10-2007: 8 – $5,000 – $19,000. Median price: $10,500
9-2007: 8 – $11,000 – $117,900. Median price: $13,000
8-2007: 19 – $9,500 – $220,000. Median price: $24,000
7-2007: 5 – $16,000 – $160,000. Median price: $75,000
6-2007: 10 – $10,400 – $112,000. Median price: $20,000
5-2007: 14 – $14,000 – $175,000. Median price: $16,000
4-2007: 18 – $10,000 – $300,000. Median price: $16,000
3-2007: 13 – $11,000 – $600,000. Median price: $33,500
2-2007: 7 – $14,900 – $87,500. Median price: $29,000.
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 Real Estate For Sale

James B. Mulligan, Licensed Real Estate Broker
PO Box 380503
Murdock, FL 33938

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

Questions sales@suncoasteam.com

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 Rotonda (Rotunda) West, Florida

Rotonda, Florida – Real Estate Sales Statistics – 12/2007

Posted by Jim Mulligan on January 08th 2008 to Price Trends

Rotonda, Florida Real Estate

Sales have remained flat in Rotonda for the past two years while the median price has fallen. It is truly the time for buyers to act. Prices for homes and land in Rotonda, FL are at the lowest level in years and there are fantastic bargains available.

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 less 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 323 homes for sale in Rotonda, Florida. The price range is $99,999 – $649,000. The median price is $319,000.

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

12-2007: 15 homes sold, $120,000- $536,000. Median price: $230,000.

11-2007: 7 homes sold, $135,000- $420,000. Median price: $215,000.

10-2007: 15 homes sold, $100,000- $320,000. Median price: $211,000.

9-2007: 23 homes sold, $135,000- $420,000. Median price: $248,500.

8-2007: 15 homes sold, $120,000- $450,000. Median price: $230,000.

7-2007: 11 homes sold, $120,000- $329,000. Median price: $232,000.

6-2007: 16 homes sold, $159,000- $460,000. Median price: $235,000.

5-2007: 17 homes sold, $175,000- $465,000. Median price: $300,000.

4-2007: 14 homes sold, $197,500- $400,000. Median price: $255,000.

3-2007: 12 homes sold, $185,000- $375,000. Median price: $255,000.

2-2007: 8 homes sold, $235,000- $385,000. Median price: $250,000.

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

Many condominiums in Rotonda, FL (Rotunda, FL), FL are new construction mixed with resales. The slow market in 2006 has extended to 2007 and there are many exceptional deals awaiting qualified buyers. There are currently 50 condos for sale in Rotonda, Florida. The price range is $94,900 – $315,000 and a median price of $179,800.

SOLD:

12-2007: sold, $74,124 and $194,000

11-2007: 0 sold

10-2007: 0 sold

9-2007: 0 sold

8-2007: 0 sold

7-2007: 1 sold, $90,000

6-2007: 0 sold, $0

5-2007: 1 sold, $159,900

4-2007: 0 sold

3-2007: 0 sold

2-2007: 0 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 and this continues into 2007. Prices have fallen due to very high inventory and the need for many owners to liquidate assets. There seems to be very little evidence that the price of vacant land will rebound in the near future. There are presently 754 building lots for sale in Rotonda, Florida. The price range is $11,900 for a lots in Rotonda Meadows and Villas to $280,000 for a ridiculously overpriced parcel in Rotonda West. The median asking price is holding at $59,900. While the median price of sold lots did tick up in November, that stat represents a huge drop in price in the Rotonda West where lots that once sold at over $100,000 are now selling in the 40′s.

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. Buyers who want a very nice lot on a golf course can now find great prices. They no longer have to settle for poor quality or location.

Sold:

12-2007 – 11 sold, $8,250 – $55,000. Median price: $16,000

11-2007 – 7 sold, $11,000 – $57,000. Median price: $45,000

10-2007 – 14 sold, $13,000 – $70,000. Median price: $15,000

9-2007 – 6 sold, $15,000 – $76,000. Median price: $25,000

8-2007 – 11 sold, $13,000 – $84,000. Median price: $34,000

7-2007 – 8 sold, $33,500 – $89,000. Median price: $43,000

6-2007 – 15 sold, $17,000 – $61,000. Median price: $17,000

5-2007 – 14 sold, $15,000 – $59000. Median price: $25,000

4-2007 – 25 sold, $17,000 – $95,000. Median price: $25,833

3-2007 – 10 sold, $19,900 – $89,900. Median price: $23,500

2-2007 – 13 sold, $17,000 – $55,000. Median price: $34,900

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.

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) West All Sections:

Condos For Sale In Rotonda (Rotunda) West, Florida

Lots and Land For Sale In Rotonda (Rotunda) West, Florida

James B. Mulligan, Licensed Real Estate Broker
PO Box 380503
Murdock, FL 33938

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

Questions sales@suncoasteam.com

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.