Suncoasteam Blog

SINGLE FAMILY HOMES

North Port, Florida Single Family Home Sales, last 30 days: 106, Average sale price $100,791, 96.3% of list price.

36% of all Single Family Home sales in the past 30 days were standard, Private Sales owner to buyer sales (39). Average sale price, $122,174, 94.2% of list price.

31.1% of sales were Foreclosures (33), Average sale price, $86,348, 100.7% of list price.

32% of sales were Short Sale properties (34), Average sale price, $90,281, 95.8% of list price.

CONDOS

North Port, Florida Condo Sales, last 30 days: 6, Average sale price $110,567, 92.2% of list price.

50% of all Condo sales in the past 30 days were standard, Private Sales owner to buyer sales (3). Average sale price, $123,667, 87.6% of list price.

16.6% of sales were Foreclosures (1), Average sale price, $72,500, 101.4% of list price.

33.3% of sales were Short Sale properties (2), Average sale price, $109,950, 97.9% of list price.

LOTS AND VACANT LAND

North Port, Florida Vacant land and Lots Sales, last 30 days: 14, Average sale price $3,921, 79.8% of list price.

78.6% of all land sales in the past 30 days were standard, Private Sales owner to buyer sales (11). Average sale price, $3,291, 78.4% of list price.

21.4% of sales were Foreclosures (3), Average sale price, $6,233, 82.7% of list price.

0% of sales were Short Sale properties (0), Average sale price, $NA, NA% of list price.

Create your own reports for sales in North Port or Southwest Florida. Go to http://www.searchsuncoast.com/recently-sold.html Sales Statistics for Southwest Florida Real Estate.

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Your Suncoasteam has set up a valuable tool on our website that will allow you to access and create reports of sold properties in Southwest Florida. With this tool you will be able to watch the market and determine the general value of similar properties. Go to http://www.searchsuncoast.com/recently-sold.html Sales Statistics for Southwest Florida Real Estate.

This is an example of a report I created on the page:

Charlotte County Single Family Home Sales, last 30 days: 233, Average sale price $151,295, 92.5% of list price
Number of these that were foreclosures: 52, Average sale price, $84,740, 92.5% of list price
Number of these that were short sales: 36, Average sale price, $121,439, 92% of list price

37.8% of all homes sold in the last 30 days in Charlotte County, FL were either a short sale or a foreclosure. While that is an very high number, it still means that 62.2% of homes sold in the county were standard, private sales without third party approval. There are good deals to be had in all types of sales.

When you use the module, take your time to analyze the data. For instance, of the 145 standard sales, the difference between list price and sales price was 92.5%…. BUT… if you remove the few outliers, those homes that were listed too high and finally sold at the correct price, perhaps 75% of list, the difference is higher than 92.5%. Homes that are price right, sell for closer to list. Simple logic.

Take a look at the homes that have sold for a low price or a lot lower than list. They usually need a lot of work. Some buyers think they can offer 20% less than the asking price but the data show something different. Yes, there are those homes that are overprices but not too many. Compare apples to apples, look at what a home needs compared to others on the market and make a realistic offer. Sometimes a “lowball” offer is the right number. Most of the time it is not.

Take time to analyze your property and rely on the help of a professional, experienced real estate agent to determine the right price whether selling or buying.

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Your Suncoasteam is always trying to provide the best possible service and the easiest and most user friendly website in the industry. We value your input and suggestions.

We are now testing a new module for the site to allow visitors to conduct their own searches of sold are properties so you can watch price trends and gauge the market. You can conduct searches for used homes, condos and land in the Southwest Florida market. While at this date all the bugs might not be completely out of the module, you are welcome to visit the page and try it out: Sold Property Statistics Search for Southwest Florida Real Estate http://www.searchsuncoast.com/recently-sold.html

While this will return all properties reported as sold in the MLS system, there is no substitution for a complete, apples to apples Comparative Market Analysis (CMA) conducted by a professional real estate agent. If you have a specific property in mind, please call one of our agents and we will provide a free, no obligation CMA that is focused on exact comparables for that property.

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Luxury home in Port Charlotte, FL

Front of home from Lake Worth Blvd

Formal dining room at the front of the home

Bright open kitchen with breakfast bar and plenty of counter space

Large, open formal living room

Living room has fire place and wet bar

Large, comfortable master bedroom opens to lanai

Huge master bath with walk-in closet as large as some bedrooms!

Lanai great for entertaining guests and visitors

Large, heated pool in screened lanai

Hot tub / spa beside the heated pool!

This luxury home has every feature anyone would expect in a property of this high quality. The owners are meticulous in maintaing this home.

For more information or a showing appointment, please call Jim Mulligan at 941-456-3034

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