Posts Tagged ‘Punta Gorda News’

Has Punta Gorda real estate hit bottom?

Tuesday, September 15th, 2009

I was recently asked if we have “hit bottom”.  I don’t think that there is a more loaded question for a Realtor.  If I say “Yes” and the market drops in 5 months, I look like a misguided fool and if I say “No”, I am called a pessimist who does not believe in the product (the local real estate market).

However, since I like to live dangerously, I am going to address the question.  I think that we have hit a leveling off period which may be the bottom of this drop.  The number of actual sales in Punta Gorda / Port Charlotte in 2009 is much higher than our number of sales in 2006, 2007 or 2008.  There are more deals happening which is good in two ways.  First, it helps to reduce inventory.  Less inventory means less competition from other sellers which means less pressure to reduce pricing.  The second benefit of more transactions is simply a building of consumer confidence.  It is becoming “all right” to buy real estate again.  For 2-3 years, buying real estate was not seen as a wise move.  Now, however, the statistics say that more people are buying real estate.  The summer is not typically our busiest time of year.  However, this year’s summer was busy.  If that continues through the winter and spring, we may be a much healthier market in May 2010.

Two positive sidenotes:

  1. Money magazines article ranking our area as the number one place to retire brought positive press to our beautiful area
  2. There have been many articles in Forbes magazine, the WSJ and others suggesting that real estate is one of the best hedges against inflation.  Good or bad, many of the people that I am talking to think that inflation is coming.  If it does, there are countless advisors saying “Get into Real Estate to protect against inflation”.   If we are going to have inflation (which I am not rooting for at all), at least I am in an industry seen as a hedge.

Visit our website to learn more about Punta Gorda real estate. You can search the Punta Gorda MLS or  read about Punta Gorda area neighborhoods. It is a one-stop resource when buying or selling Punta Gorda property.

Punta Gorda/Port Charlotte Board of Realtor Stats

Monday, September 14th, 2009

They say that statistics can paint any picture, any color depending on the interpretation.  I will do some of my own hypothesizing of the Punta Gorda/Port Charlotte/North Port Board of Realtors statistics released last week.  

There are some interesting numbers.  For example, within the Board covered area, there have been 2,030 single family home sales through August 31st.  This is way off of the totals for 2005 but is 230 more sales than at the same date in 2008.  More sales are better than fewer sales because it means that more buyers are taking the plunge and hopefully, inventory is being reduced.

Some other interesting parts of the data:

  • 2,030 single family home sales through August 2009 (better than last year)
  •  Only 5 of those 2,030 were at sale prices higher than $700,000 (not good for sellers asking high dollars)
  • 211 of the sales were between the small sale price range of $100-$119,999 (no wonder the median price for our area has dropped so dramatically)

This data is for a wide geographic area so PGI/BSI only make up a fraction of the data.  However, sometimes it is good to look at the stats for the entire area.   View the PG-PG-NP August 2009 Stats here.

Punta Gorda Remembers Charley

Wednesday, August 12th, 2009
Honoring the Community that Survived & Thrived

Honoring the Community that Survived & Thrived

As Punta Gorda prepares to mark the 5th anniversary of Hurricane Charley, the St. Petersburg Times published a nice article on Punta Gorda comparing then and now. It seems like more than 5 yrs have passed to those of us who were here on that fateful day in August 2004. However, the changes and improvements that have happened in the aftermath of that category 4 storm leave many to say that hurricanes really are nature’s loofah. Scrubbing away the old and unsightly and bringing out the true beauty of  this quaint, boating town nestled on the banks of Charlotte Harbor. Don’t get me wrong, it was very difficult in the weeks and months that followed the storm but we made it through. But, those dark days feel like an eternity ago.

From a real estate perspective, Hurricane Charley did two things: First it gave the community national attention. Secondly, it gave almost all of the houses in Punta Gorda Isles and Burnt Store Isles a facelift (i.e. new roof, exterior paint and pool cage). We affectionately called that the ‘PGI package’. Of course, many people faced more repairs than those three but overall the community looks very good with lots of curb appeal.

Visit our website to learn more about Punta Gorda real estate.

Punta Gorda’s Newest Building

Wednesday, August 5th, 2009

I never used to consider a parking garage as the type of building that makes a downtown more attractive.  If you haven’t visited Punta Gorda in a while you will be surprised.  The brand new Herald Court Centre not only adds 400 parking spaces in the middle of our downtown, it also provides commercial space for potential businesses.  So far three new businesses have already signed lease agreements.  Be sure to stop by check it out for yourself.

Visit our website for more information on Punta Gorda real estate.

More Baseball Coming to SW Florida

Friday, July 24th, 2009

The Baltimore Orioles have signed a 30 year agreement bringing them to Sarasota for Spring Training. With the addition of the Orioles, the teams that call SW Florida home during Spring training are the Tampa Bay Rays in Port Charlotte, the Boston Red Sox in Ft. Myers, the Minnesota Twins in Ft. Myers, the Cinncinnati Reds in Sarasota and the Pittsburgh Pirates in Bradenton.

Learn more about the Punta Gorda area or Punta Gorda Real Estate at our website.

Punta Gorda Welcomes a New, Luxury Hotel

Monday, June 8th, 2009

This week marks the grand opening of the Sheraton Four Points Hotel – Punta Gorda Harborside. For those of you keeping track that makes a grand total of three waterfront hotels with two being less than a year old. Now when you choose to visit us, your accomadations are no longer limited by lack of choice. Experience a wonderful, waterfront visit at any of our local hotels.

Browse our informative website to learn more about Punta Gorda real estate or to schedule a visit.

Redfish Festival and Fishing Competition

Monday, May 4th, 2009

Punta Gorda recently saw the kick off of the seventh annual Redfish Cup. The Redfish Cup coincides with our city’s Redfish Festival and Punta Gorda has the distinction of being the only permanent stop for the circuit. Ask any of the anglers and they’ll tell you that the Punta Gorda/Port Charlotte area knows how to treat its boaters.  There are celebrations, kids events and even dog jumping contests that all happen around the actual fishing tournament providing lots of excitement and entertainment for locals and visiting fishermen alike. Read more about the 2009 Redfish Cup event in Punta Gorda or the 2008 Redfish Cup event to learn more about the festival.

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.

Punta Gorda Isles Christmas Boat Parade

Saturday, December 20th, 2008
Typical Lighted Boat

Typical Lighted Boat

Well, it’s that time of year again. Our palm trees are adorned with Christmas lights, festive cheer is everywhere and the annual Punta Gorda Isles Christmas boat parade will be making its way along the perimeter canal turning around in the Key Largo basin and heading back out again.

For those of you Northerners who may be unfamiliar with a Christmas boat parade, it is a parade of boats decorated to the nines with Christmas lights that travel through the neighborhood canals bringing good cheer to homeowners along the canals. Landside, many homeowners host holiday parties on the night of the boat parade so that their guests can enjoy this annual event as well. 

This is just one of several boat parades throughout the area. There is also a much larger parade that crosses Charlotte Harbor from Port Charlotte to Punta Gorda.

Learn more about Christmas in Florida or Punta Gorda, Florida at our website. Find your Punta Gorda Waterfront dream home on our website and you, too could watch the boat parade from your lanai.

Punta Gorda Lands in Top Ten Again

Tuesday, October 7th, 2008

Well, we did it again.  Punta Gorda made its way onto another Top 10 List.  This time U.S. News & World Report named Punta Gorda as one of the top 10 “Best Healthy Places to Retire”.  As a matter of fact we were the only city named in Florida (and actually the whole southeastern United States)! You can view the article at the US News and World Report website.

Aside from this recent recognition, Punta Gorda has been named in many other national top ten lists. Other lists have included Money Magazines “Best Places to Live” (1997& 2003). Forbes places us #5 on the “Best Places for Businesses and Careers” list in 2001. MSN House and Home ranked us #4 in 2003. In 2005, Golf Digest recognized the great opportunities we have for golfers and ranked Punta Gorda #3 on their list of best cities for golf in the country. Sail magazine has ranked Charlotte Harbor as the best boating in Florida.

Contact The Andreae Group or visit our Punta Gorda Real Estate website for more information.