My Blog

In the March 2, 2010 edition of USA Today Punta Gorda Florida gained National attention by being named one of the first real estate markets in the country to be considered as stabilizing.  In the article,  local Association of REALTORS President, Bob Gray, provided the following info:

•Sales status. The market has stabilized. In January, Punta Gorda home sales were 12% higher than the same month in 2009.

“People have started to realize that now is the time to grab something, because you can buy a nice non-waterfront house for as little as $100,000 with a pool,” Gray says. Punta Gorda, which has waterfront properties, golf and sailboat access, is more affordable than other retiree areas in Florida.

•Price points. Home prices are rising. That might indicate that foreclosures have hit bottom and are no longer a drain on home values. In January, Punta Gorda’s median sales price increased 2.6% from a year earlier. 

•Hot ‘hoods. Punta Gorda Isles is a sailboat, waterfront community with an eclectic mix of homes and reasonable prices. It has biking paths, parks and restaurants, Gray says. And it is close to the Gulf of Mexico.

Home prices are now roughly half of what they were at the peak. One waterfront property with three bedrooms and a swimming pool is priced at $199,900.