Charlotte County Single Family Home Sales - August 2014 During the month of August, 2014, 320 single family homes were reported sold in Charlotte County, FL through the area MLS system. The average sale price was $171,909. The median sale price was $140,000. The average sold price per square foot was $93.54. The sale price to list price ratio was 96%. Sarasota County … Keep reading... about Sales Stats August 2014 Charlotte and Sarasota Counties
Home Buying and Selling
Over 50% Buyers in Florida Pay Cash
Buyers in Florida Pay Cash... According to CoreLogic, a financial study company in California, more than half of all buyers of real estate in Florida paid cash rather than financing. The Metropolitan Statistical Area that includes North Port, Sarasota and Bradenton reported that 59.8% of sales were cash. Florida was the only state where more than half of buyers paid cash, … Keep reading... about Over 50% Buyers in Florida Pay Cash
Home Owners Build Wealth
According to the Federal Reserve's Survey of Consumer Finances home owners are building their wealth at a rate four times that of renters. Net worth of a home owner over the past 15 years is 30 to 45 times greater than a renter. On average, a home owner has over $200,000 of net worth while a renter’s hovers around $5,000. Home ownership is a significant component of the net … Keep reading... about Home Owners Build Wealth
Home Remodeling in SW Florida
When people think about selling a home, they often consider remodeling ideas to make the home more valuable and to sell faster. There are often items that should or could help in this, but they rarely come close to a 100% return on investment (ROI). According to Remodeling Magazine, one of the best investments a homeowner can make is a simple one. Replace a worn or weak front … Keep reading... about Home Remodeling in SW Florida
Southwest Florida is a prime destination for baby-boomer retirees
In Florida, Charlotte County – Punta Gorda (32.9% were baby boomers in 2013, a 34.3% increase since 2007) topped the list for baby boomer population growth. A study conducted by RealtyTrac analyzing Census population data between 2007 and 2013, found that Punta Gorda / Port Charlotte and Charlotte County were at the top of boomers retirees radar. This growth is due to the … Keep reading... about Southwest Florida is a prime destination for baby-boomer retirees
It’s Cheaper to Live in Florida
A study by the Tax Foundation found that overall, living in Florida is less expensive than living in the Northeast and Midwest. Based on the national average, your dollar goes farther in Florida than other states. $100 in Florida buys $101.21 of goods based on national prices. However, as the Clearwater Gazette reported, prices are higher near cities, but prices in and … Keep reading... about It’s Cheaper to Live in Florida
Economic Data Points to Improved US Economy
Indicators of economic activity show that the US economy grew faster than expected and suggest that a sustainable growth period lies ahead. Business investment is up significantly and the growth rate April through June, 2014 was over four percent. In addition, the Labor Dept reported a drop in initial unemployment benefits claims. This is improvement is reflected in optimism … Keep reading... about Economic Data Points to Improved US Economy
Home Construction Growth
Last month’s housing starts were at an annual rate of 1.093 million units, the highest reading since November. Single-family housing starts in July increased 8.3 percent over the revised June figure of 606,000, and were at a rate of 656,000. The July rate for multifamily housing was 423,000, showing the strongest level of starts since 2006. Home Depot and other home stores … Keep reading... about Home Construction Growth
Florida Foreclosure Properties
While Florida still has the highest foreclosure rate in the nation, July 2014 showed a drop of 30% over July 2013. Home sales in Florida have been somewhat flat and property prices have begun a slow increase. Southwest Florida home sales, and homes sold in Punta Gorda, Port Charlotte, Rotonda, Venice and Sarasota have gained in price, the uptick is not dramatic. Because … Keep reading... about Florida Foreclosure Properties
Flood Hazard Zones
Many people misunderstand the coverage they have with their standard homeowner insurance policy and the need for additional flood insurance underwritten by the US government. FEMA was created by the Flood Protection Disaster Act of 1968 to regulate construction in coastal areas and flood plains. FEMA analyzed the flood prone areas of the nation and in 1970’s issued maps that … Keep reading... about Flood Hazard Zones