April 2010 Punta Gorda Real Estate Market Update :: Home Sales Up 10% over April 2009

Good news!!! April 2010 home sales posted a 10% gain over April 2009 while only slipping 6% from March 2010. This trend of year over year sales increases has been the case since September 2008, reinforces what most believe to be an improving market. April’s sales were greater than any monthly total dating back to 2007 another positive trend. Overall the market continues to firm up, sending signals that the worst is behind us. Not surprisingly, condo’s and homes in price ranges where inventories have fallen, prices have stabilized and in some case seen a slight uptick. April’s average home price is up 5% over March and 14% higher than the same period last year. With distressed properties working their way through the system, the destabilizing effect becomes less.

Three major factors for the improving market condition are price levels not seen since the late 1990’s, a more positive consumer outlook and record low interest rates. The Punta Gorda real estate market has not benefited significantly from the federal taxes credits due to its demographics, so the upcoming expiration should not hamper future sales. The solid foundation the housing market enjoys, points to a number of things but quality of life style and market value second to none would top the list.

The time to explore Punta Gorda real estate market is now. Paradise can be found in the beautiful waterfront neighborhoods of Punta Gorda Isles, Burnt Store Isles and Burnt Store Marina. World class boating and fishing is right at your back door, offering Florida living at prices not seen in over 10 years. Simply put the time to buy is now.