Real Estate market trends for January 2010 are sending mixed signals, this should not come as a surprise, considering the overall economy. Recovering from the long and painful fall from the peak of the housing bubble will most likely have some up’s and down’s. The three major communities of Punta Gorda, Port Charlotte and Northport had a 29% drop in sales from December 2009. Recording sales of 249 homes of all types was the lowest amount since January 2009.
Contrasting the decline in housing sales, January enjoyed a 9% gain in average sale price of all housing, over the same period last year. Average home sales prices have increased every month since September. Many consider this upward trend in value a clear signal we’ve reached bottom and in the future this maybe identified as the turning point of the housing market. Others view these mixed signals as a reminder that our economy remains unstable and vulnerable to another dip in activity.
Despite an unseasonably cool January and February local realtors are reporting brisk activity throughout the region. Port Charlotte named “best place to retire” last year in CNN’s Money Magazine provided significant national recognition. Punta Gorda on numerous occasions has had the national spotlight place on her and continuing that tradition next week Punta Gorda is slated to be feature in a USA Today article.
Pin pointing the bottom of the housing market will not be clearly identified until months after it’s occurred. What is known, when comparing the Punta Gorda, Port Charlotte and North Port housing market to any other, our real estate values cannot be beat.
Punta Gorda Florida will always be an attractive place to live. Blessed with some of the finest weather anywhere, world class fishing and boating, coupled with real estate values considerable below the national average make this the place to live.