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Old 07-02-2012, 07:39 AM
 
142 posts, read 129,997 times
Reputation: 137

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I talked to a guy selling all his construction tools and he said it was dead here. Well as far as construction its dead all over. Other than that is the real estate market turning around?
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Old 07-02-2012, 08:49 AM
 
Location: Port Charlotte, FL
3,961 posts, read 8,477,329 times
Reputation: 1855
My boyfriend is a Residential Contractor and does remodeling. He is extremely busy. He works a lot in Punta Gorda. There are many new homes being built in Punta Gorda Isles and a few in surrounding areas. Builders are starting to build spec homes again. I see people on city-data who post that are having a home built in this area as well. Building is not the boom it once was, but it is starting to pick up a little. We still have a large inventory of used homes to choose from, but that inventory has been going down and prices have been increasing. I have also seen an increase in vacant land purchases.
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Old 07-02-2012, 10:26 AM
 
Location: Punta Gorda and Maryland
6,102 posts, read 13,061,970 times
Reputation: 1220
I too have seen more construction activity, new houses going up on what were long vacant lots here in PGI. The market is definitely turning around. Houses are still selling at cost or a tad lower than cost, but the gap has tightened up considerably, and are definitely rising! The supply of houses coming on the market is less than the demand - even now during the slow summer season.
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Old 07-02-2012, 11:30 AM
 
Location: Anthem, AZ
2,118 posts, read 2,996,953 times
Reputation: 654
I bought my house in 2008 for what the seller paid in 2003.
My next door neighbor, with a comparable home, listed their's today for $50k less than what I paid.

I wonder what year that puts our home values at? 1999 ish?
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Old 07-02-2012, 12:00 PM
 
Location: Illinois / Gulf Cove
412 posts, read 655,807 times
Reputation: 123
Hard market to read, we bought our home last June paid just a little over half of what the sellers paid in 2002.
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Old 07-02-2012, 01:15 PM
 
Location: Mich.
6 posts, read 6,808 times
Reputation: 11
Can a REAL bussinessman tell ya ITS BAD!!!! a DISASTER & it AINT gonna get better for a time in places like my MICHIGAN --all the auto places closein up parts supply from over seas or OTHER stater THE UNION killed itself thats why florida will be DEAD for a time all our RICH retirees came to FL lots of $$ & getting big retirement cks but!!! thats bead too (or dieing) its BAD OBAMA aint helpin & evem MY bussiness is in the PITS!! 25% of the home around me are EMPTY or for SALE!! aint much better in FL & the young guys aint doin very good after this MESS UP we caused!!
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Old 07-02-2012, 01:28 PM
 
Location: Lemon Bay, Englewood, FL
3,113 posts, read 4,535,240 times
Reputation: 1083
Quote:
Originally Posted by Messing About View Post
I bought my house in 2008 for what the seller paid in 2003.
My next door neighbor, with a comparable home, listed their's today for $50k less than what I paid.

I wonder what year that puts our home values at? 1999 ish?
Ha, not if you ask our thief of a county property appraiser, who seems to think it is still 2004/2005!
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Old 07-03-2012, 05:53 AM
 
Location: Sunny FLA
686 posts, read 1,405,559 times
Reputation: 292
I was at the tax office yesterday and talking to a DMV rep she said there are tons of people coming into Charlotte County from out of state. Now this doesn't take into account of the people leaving. I was there maybe 15 minutes waiting and could over hear about 6 new residents getting their drivers license. And they were not retirees either.

Still a rough road ahead as I see it.
8 months and still no job here. We budgeted for it though so we're ok,..... for now.
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