Punta Gorda is fortunate that many neighborhoods have sidewalks offering a safe way to enjoy a walk but actually lack a destination. Downtown Punta Gorda, Historic District and northeastern Punta Gorda Isles including Fishermen’s Village offer numerous places to walk to with many interesting places to enjoy.
Subtle changes continue a trend pointing to a weakening housing market year over year. April is going against a 6 months trend of decreasing “closed sales” by posting a 3.9% improvement year over year. In my opinion this will prove to be an aberration. Median and average sale prices also continue to increase year over year at 5.7% and 5.4%.
When viewing waterfront real estate listings, you’ll sometimes notice a reference to sailboat water. Typically, this means there’s no bridges or no other overhead obstructions to open water. This is important information if you have a sailboat or large yacht. While this seems straight forward it still can be tricky in areas such as Punta Gorda Isles.
March follows the continuing trend of a softening real estate market. While March doesn’t show a drastic change, it supports the position that market heading down. This has been a slow and gradual process.
With only home prices currently showing a slight improvement year over year for March at + 4.9%. So, it is true home prices are up year over year it’s also clear that this trend is slowing.
I’m often asked which waterfront community is the best, Punta Gorda Isles or Burnt Store Isles. On every level they’re both premier waterfront neighborhoods that offer a lot of value not found anywhere else and are especially liked by boaters. Perhaps a better question I ask my clients is “which of these waterfront communities fits you best?”. After spending a day with me looking at property and discussing the features and unique aspects of each neighborhood in detail most of my buyer clients are able to make a well-informed decision on which one will suit them best.