Punta Gorda, Port Charlotte, North Port stats (sales, real estate market)

[SoFLGal]

I just got my monthly broker report in and I thought I'd post some of it.

Properties sold in Jan-200--previous year Jan-244, change from last year, 10.50%

Properties sold in Feb-244--Previous year in Feb-225, change from last year, 8.44%

Properties sold in March-311--Previous year in Mar-281, change from last year, 10.68%

The majority of the sales are under $50K and $100K-$120K.

The average list price is $137,484 and the average sales price is $127,778. 93% of list price.

[justNancy]

Originally Posted by SoFLGal

The majority of the sales are under $50K and $100K-$120K.

The average list price is $137,484 and the average sales price is $127,778. 93% of list price.

Thank you for the information. I'm probably not reading this correctly, but can you explain why the above statements aren't a bit contradictory?

[SoFLGal]

Originally Posted by justNancy

Thank you for the information. I'm probably not reading this correctly, but can you explain why the above statements aren't a bit contradictory?

Sure. The majority of the sales were at the $50k and $100K-$120K but when you average all of the listing sales for that time period they average out to be $137,484 and the average sales price is $127,778, 93% of list price. For instance, if you have a few $900K sales this is going to bring up the lower average prices.

I wish I could post the Adobe spreadsheet. It's a lot easier to follow.

[vegasboy]

This is good news. While the sob sisters here on CD were attacking anyone who dared to be positive about the future of the real estate market a year or three ago, others went ahead and positioned themselves for a future harvest. These are investors, flippers and whatever you like to call them, despised by whiners.

I really feel sorry for people who are stuck in their circumstances. I am in a similar position here in South Africa, but the answer is to avoid being robbed of your joy by looking for new challenges. If you lose joy, you lose hope. If you lose hope your spirit is crushed, and a 'crushed spirit dries up the bones'. Whatever you do, don't lose your joy...

I have been researching real estate in many countries for the last years. I have yet to find one country where the majority of locals weren't fed up and didn't think it was good to invest there. I'm just saying...