North Port/Port Charlotte lot prices ?? (Englewood: for sale, work, houses)

[Guido]

I was notified by a developer offering 10,000 foot buildable lots priced from $50,000 to $70,000.

Is this a reasonable price for the area ???

Thanks !!!

[Anne1125]

We bought a large sq. corner lot (125x130) in East Englewood last March for $41,000.

Check the multiple listings. Most sellers will negotiate. Ours was asking $55,000.

Good luck.

Anne

[bamboosmom]

That is about right for a lot now. 6 years ago you could have picked up a lot
for $1,000 to $30,000 in Deep Creek.

[MrMeisterMan]

Thanks going to look cheap in March 2007 my friend....there is a lull right now and overdevelopment...but the demand is ticking back up.....check on some re-sales (new)...they're tons of them out here from builders who overbuilt !!,,,,and stupid greedy investors, many of whom are agents themselves !!

[MrTudo]

I paid 4,000 apiece for a couple of lots here in Port Charlotte. Sold them for between 28 and 30K each 10 months later. They are now asking 40K. A friend of mine in the building trades laughed at the asking prices saying that there's more than 300,000 lots in Charlotte Cnty available.

I would say that making LOW offers is appropriate.

[jamesdsimpson]

Lots in North Port were selling for 50k last fall but the price has dropped considerably. If you do your homework you can find a good building lot (no fllood zones, wetlands or scrub jays which are federally protected) for around 30k. I live in North Port and have bought and sold 80 lots over the last 2 years.

[Need_affordable_home]

Originally Posted by MrTudo

I paid 4,000 apiece for a couple of lots here in Port Charlotte. Sold them for between 28 and 30K each 10 months later. They are now asking 40K. A friend of mine in the building trades laughed at the asking prices saying that there's more than 300,000 lots in Charlotte Cnty available.

I would say that making LOW offers is appropriate.

I have at least 4 neighboors selling their houses for way too much. No one of course is even interested. One realtor told me their asking price was ridicuolous! I checked public apprasial records and that guy that wants $750k, their 1860 square foot house+lot has a value of a little over $400k!
My dad says many people all over Florida are in denial and still think house prices have gone up and their asking price reflects this. Just wait a year and let the denial wear off and reality sink in that we are in for a crash landing, the bubble has popped and the air is wooshing out!

[ynayshtut]

I have a friend who has two dry lots in Port Charlotte for sale.They are 30-35k each.Moderator cut: advertising

[MrTudo]

Originally Posted by ynayshtut

I have a friend who has two dry lots in Port Charlotte for sale.

If they are in a good neighborhood then 15K sounds about right. I just made an offer on one of the lots I bought and sold in the last 3 years. On this particular lot, I paid 5K. Sold it for 28,500.00. It was listed for 45K. It's not going anywhere and I'd like to have it although it's land, not gold so 15K is my offer. In Port Charlotte.

[firemed]

Port Charlotte is falling fast. the flippers are crying the blues now that the market has changed. I would say just sit back and watch the price drop.