Remember the Mantra of Real Estate is LOCATION, LOCATION, LOCATION
Then note the following regarding the Punta Gorda market in a snapshot:
•SAIL magazine's list of the "10 Greatest Places to Sail in the United States"
•Golf Digest's "Third Best Place to Live and Play Golf in America"
•MONEY magazine's "Best Places to Live in the South"
•Named one of "America's Best Healthy Places to Retire" by U.S. News & World Report.
Abstracted from website: Charlotte Harbor & Convention Bureau
Clearly a Buyer's Market.
Many bargains and deals are available to Buyers.
Indeed opportunities of a lifetime.
Unfortunately, Seller's needing to sell must reduce expectations as to current pricing compared to past years.
Low listing price is the important draw to selling a property today.
Potential Seller's not needing to sell should hold on the their properties and not sell at drastically reduced prices unless absolutely necessary in their own situation.
City of Punta Gorda improvements continue to make it an extremely desirable place to live, retire or visit.
When real estate recovers in the United States past Punta Gorda prices will be exceeded and handsome profits will made by some.
Those not acting now will regret their inaction.
Timing is everything and everyone has their own timetable and expectations.
Review yours carefully and discuss with me.
An Elder Agent Seems to Agree With My Opinon. He says,
Buy a house today if you can, but don't sell one if you don't have to, says George W. Johnson, a 97-year-old real-estate agent who has been working the Seattle market since 1936.
Johnson, who is reluctant to call himself America's oldest real-estate agent — he says he just learned of a 99-year-old broker in Florida — has seen his share of housing booms and busts since he hung his first real-estate shingle 74 years ago.
"I've been through a lot of these ups and downs," he says, remembering the property boom that followed World War II, as well as the deep downturn in the 1970s when Seattle's biggest employer, Boeing, laid off thousands of workers.
Through it all, Johnson says he has learned many enduring lessons. Chief among them: After every housing recession, the market has "gone higher than the one before." You have to have the stomach to hang on through all of the twists and turns, he says.
15 Cities Where Listing Prices Are Rebounding
Daily Real Estate News | Friday, September 23, 2011
Prices are rising in Florida: Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Florida cities make up 9 of the top 10 places for highest year-over-year list price spikes, based off of August data of 2.2 million listings in 146 markets.
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
Average list price: $640,332
Year-over-year increase: 27.4%
2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%
Average list price: $405,809
Year-over-year increase: 19.41%
4. Punta Gorda, Fla.
Average list price: $267,066
Year-over-year increase: 16.37%
5. Macon, Ga.
Average list price: $193,520
Year-over-year increase: 15.98%
6. Sarasota-Bradenton, Fla.
Average list price: $466,785
Year-over-year increase: 15.86%
7. Naples, Fla.
Average list price: $713,087
Year-over-year increase: 15.13%
8. West Palm Beach-Boca Raton, Fla.
Average list price: $591,895
Year-over-year increase: 14.68%
9. Ocala, Fla.
Average list price: $193,360
Year-over-year increase: 12.07%
10. Lakeland-Winter Haven, Fla.
Average list price: $181,409
Year-over-year increase: 11.48%
11. Oralndo, Fla.
Average list price: $319,419
Year-over-year increase: 10.56%
12. Portland-Vancouver, Ore.-Wash.
Average list price: $314,537
Year-over-year increase: 10.52%
13. Boise City, Idaho
Average list price: $212,588
Year-over-year increase: 10.43%
14. Springfield, Illinois
Average list price: $174,537
Year-over-year increase: 9.12%
15. Shreveport-Bossier City, La.
Average list price: $211,414
Year-over-year increase: 8.34%
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
Punta Gorda Zip Codes are:
All information deemed reliable but not guaranteed.