Punta Gorda, Florida Real Estate - Area Sales Update

Area Sales Update – July 2010

Comments

If it isn't one thing.....

Just as our recovery was gathering steam, it hit a bump in the road, or is it a sink hole?

Two factors seem to be of concern to buyers: the oil spill and the economy. The uncertainty surrounding these issues is causing some buyers to hold off.

NOAA predicts that the likelihood of SW Florida beaches being affected by the spill at UNDER 1%! Compare this to the liklihood for South Carolina: up to 20%.

The overall economy is more difficult to assess. Many experts are predicting a small correction, then resumption of the recovery. Let's hope so.

Meanwile, houses and condos are selling, just at a slower pace than before. Seven SF homes and condos went under contract in BS Marina in June.

Here is the monthly run-down by community and property type:

Burnt Store Marina -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	52	320	140	825
On Market 7-1-09	53	409	195	999
On Market 7-1-08	59	482	225	1,700
SOLD 1-10 thru 6-10	15	288	146	580
SOLD 1-09 thru 6-09	14	305	168	530
SOLD 1-08 thru 6-08	11	378	200	875


Burnt Store Marina -- Condos

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	86	298	90	995
On Market 7-1-09	116	323	99	999
On Market 7-1-08	126	456	159	1,450
SOLD 1-10 thru 6-10	46	192	82	428
SOLD 1-09 thru 6-09	22	190	79	450
SOLD 1-08 thru 6-08	16	297	125	521


Burnt Store Lakes -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	38	263	99	500
On Market 7-1-09	20	283	140	432
On Market 7-1-08	46	350	150	695
SOLD 1-10 thru 6-10	18	188	65	275
SOLD 1-09 thru 6-09	12	163	98	260
SOLD 1-08 thru 6-08	8	271	210	353


Burnt Store Lakes -- Single Family Building Lots

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	82	47	12	179
On Market 7-1-09	87	61	9	225
On Market 7-1-08	144	88	25	339
SOLD 1-10 thru 6-10	9	13	7	21
SOLD 1-09 thru 6-09	3	30	24	43
SOLD 1-08 thru 6-08	9	32	15	75


Burnt Store Village -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	14	124	55	199
On Market 7-1-09	10	136	80	199
On Market 7-1-08	32	188	95	283
SOLD 1-10 thru 6-10	10	119	65	185
SOLD 1-09 thru 6-09	17	110	45	153
SOLD 1-08 thru 6-08	13	169	114	249


Burnt Store Village -- Single Family Building Lots

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	27	17	5	64
On Market 7-1-09	25	25	9	70
On Market 7-1-08	29	239	150	447
SOLD 1-10 thru 6-10	2	8	8	8
SOLD 1-09 thru 6-09	5	7	7	8
SOLD 1-08 thru 6-08	1	17	17	17


Burnt Store Meadows -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	17	219	123	369
On Market 7-1-09	20	217	110	329
On Market 7-1-08	33	250	150	365
SOLD 1-10 thru 6-10	19	168	84	265
SOLD 1-09 thru 6-09	12	163	90	350
SOLD 1-08 thru 6-08	8	244	150	310


Burnt Store Meadows -- Single Family Building Lots

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	21	48	16	100
On Market 7-1-09	25	48	19	85
On Market 7-1-08	15	60	40	100
SOLD 1-10 thru 6-10	1	16	16	16
SOLD 1-09 thru 6-09	2	18	13	22
SOLD 1-08 thru 6-08	2	34	30	39


Burnt Store Isles -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	48	519	159	1,085
On Market 7-1-09	44	552	179	1,385
On Market 7-1-08	59	514	200	1,085
SOLD 1-10 thru 6-10	15	389	170	640
SOLD 1-09 thru 6-09	15	350	200	755
SOLD 1-08 thru 6-08	11	399	278	520


Burnt Store Isles -- Building Lots

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	43	240	84	500
On Market 7-1-09	43	281	100	500
On Market 7-1-08	37	322	115	519
SOLD 1-10 thru 6-10	6	132	35	195
SOLD 1-09 thru 6-09	2	117	63	170
SOLD 1-08 thru 6-08	2	225	200	250


Punta Gorda Isles -- Single Family Homes

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	186	543	149	5,900
On Market 7-1-09	182	606	179	6,900
On Market 7-1-08	199	624	189	4,000
SOLD 1-10 thru 6-10	106	353	115	999
SOLD 1-09 thru 6-09	80	376	130	953
SOLD 1-08 thru 6-08	93	455	120	3,875


Punta Gorda Isles -- Condos

	Number	Avg Price	Low	High
	of units	dollars in thousands
On Market 7-4-10	178	220	69	650
On Market 7-1-09	223	250	88	750
On Market 7-1-08	188	300	110	890
SOLD 1-10 thru 6-10	101	185	56	450
SOLD 1-09 thru 6-09	60	171	85	365
SOLD 1-08 thru 6-08	39	228	95	399

Information from Punta Gorda, Port Charlotte North Port
Board of Realtors® Multiple Listing Service. Compiled by
Craig Havemeyer. Data excludes transactions not involving
a Realtor®.

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