Posts Tagged ‘Burnt Store Isles’

Punta Gorda Market Update-September 2009

Wednesday, September 2nd, 2009

Sometimes it truly does depend on how you look at the situation to decide if it is good or bad.  The Punta Gorda Isles/Burnt Store Isles (PGI/BSI) real estate market has good news, bad news and some that I am not quite sure is which. 

Transactions in Punta Gorda Isles and Burnt Store Isles are definitely up.  There are simply more buyers buying properties which is good for any market.  Whether the buyers are back due to pent-up demand, lower prices, more confidence in the economy, or lack of any real hurricane threats is anyone’s opinion. 

An example of the up tick in transactions certainly can be seen in Burnt Store Isles.  In 2008, there were 24 single family residential homes sold.  Through September 1 of 2009, there were 24 single family residential homes sold with 6 currently in Pending.   With 6 in Pending and 4 more selling months, there will certainly be more homes sold in Burnt Store Isles this year than last.

However, this up tick in transactions has not resulted in appreciation.  I believe that this is due to the still very high amount of properties for sale (inventory).  In August 2008, the average sale price in PGI/BSI was $414,856.  In February 2009, the average sale price was $379,765.  In August 2009, the average sale price was $359,780. 

Good news – more sales due to more buyers
Bad news – prices still dropping due to very high inventory

For more information about the Punta Gorda Real Estate market, visit our website. You can view new listings by neighborhood, see all available properties organized by neighborhood, search all properties available in Charlotte County or even view Just Sold reports for many area neighborhoods.

Punta Gorda’s Car Musuem

Wednesday, March 4th, 2009

Yesterday, Punta Gorda welcomed a new car musuem that is garnering national attention. Rick Treworgy’s Muscle Car City Musuem features cars from his personal collection of more than 200 pristine, muscle cars from the vintage 50’s through the early 70’s. The musuem is housed in the old Wal-Mart building near the entrance to Burnt Store Isles. Wal-mart vacated the building when they opened a new Super Wal-Mart just a few miles down the road. Many local residents wondered what would occupy the former big box store and are pleasantly surprised with their new neighbor. The musuem promises cruise-ins and weekly car shows.

You can read more about the soft opening as reported by the St. Petersburg Times. Or learn about the Muscle Car City Musuem by visting their website.

Contact us or visit our website for up-to-date listings and Punta Gorda real estate information.

Burnt Store Isles Lighted Boat Parade

Saturday, December 13th, 2008

If you lived in Burnt Store Isles, last night you would’ve witnessed an annual tradition: The lighted boat parade. The BSI parade is sandwiched between the Punta Gorda lighted boat parade and the Punta Gorda Isles boat parade. Basically, three weekends of boat parades. We sat on the lanai and watched the boats as they passed by spreading their festive cheer.

Burnt Store Isles offers sailboat access throughout the community, meaning there are no bridges to go under on your way out to open water. Waterfront properties feature no less than 30′ of seawall upto more than 200′ of seawall. Find the perfect Burnt Store Isles home or property for you.

Learn more about Burnt Store Isles real estate or Punta Gorda real estate on our website.