• Home
  • What Makes a “Waterfront Specialist”?
  • Buyers
    • Buying or Selling a Luxury Home
    • What You Should Know About Short Sales
    • What You Should Know As a Buyer When Attending an Auction
    • Who To Consider When Buying a Home?
  • Sellers
    • Buying or Selling a Luxury Home
    • What to Look for in a Realtor When Selling Your Home?
    • What You Should Know About Bank Owned Properties
    • What You Should Know About Short Sales
  • About Us
    • Contact Us
    • Privacy Policy
  • Testimonials

The Gary Cardillo Group

Your Punta Gorda Waterfront Specialists

  • Office Listings
  • Homes for Sale
    • Port Charlotte Homes
    • Punta Gorda Homes
    • Punta Gorda Isles Homes
    • Burnt Store Isles Homes
    • Englewood Homes
    • North Port Homes
    • Sarasota Homes
    • Venice Homes
    • Waterfront Homes
      • Sailboat Homes
      • Canal Homes
    • Newly Listed Homes
  • Condos for Sale
    • Port Charlotte Condos
    • Punta Gorda Condos
    • Punta Gorda Isles Condos
    • Burnt Store Isles Condos
    • Englewood Condos
    • North Port Condos
    • Sarasota Condos
    • Venice Condos
    • Waterfront Condos
      • Sailboat Condos
      • Canal Condos
    • Newly Listed Condos
  • Land for Sale
    • Port Charlotte Lots
    • Punta Gorda Lots
    • Punta Gorda Isles Lots
    • Burnt Store Isles Lots
    • Englewood Lots
    • North Port Lots
    • Venice Lots
    • Waterfront Lots
      • Sailboat Lots
      • Canal Lots
    • Newly Listed Lots
  • Search the MLS
  • Blog
  • Contact Us
You are here: Home / Selling Real Estate / Market Update

Market Update

December 4, 2024 by Gary Cardillo

For months we’ve been posting updates on the real estate market which up until recently has impacted the local and statewide markets by the higher than anticipated taxes, rising insurance premiums, interest rates and the election. While those factors alone led for a decline in sales and sales prices for most of the state, the devastating effects of the hurricanes over the past few months have had a unique impact of their own, especially to our local markets.

Typically this time of year we not only focus on the year to year sales comparisons, but the year to date recap as well, however, adding in the variable of multiple hurricanes are skewing the numbers resulting in fewer showings, inventory that was damaged or lost this year versus last, and listing prices decreasing. While we would typically see more inventory coming on the market this time of year in anticipation for the upcoming season and the arrival of our winter visitors, we are also seeing a significant number of inquiries by investors looking for opportunistic buys. Unlike Hurricane Charley where Money and Forbes magazines had just voted our area as one of the best places to retire that created an unique competition between investors and buyers vying for limited inventory, there is plenty of inventory for buyers and investors of all types. The silver lining for some is if their homes have not been impacted by the recent storms, those homes will be viewed more favorably and the potential is for shorter times on the market if priced competitively. For others who did not fare as well, keep in mind there is a 50/50 rule that will impact your recovery plans. When in doubt call a reputable contractor to give you an estimate, and who can also determine if any of your damage was wind related or just caused by rising water. Before making any decisions check with your accountant and financial advisor as they will help you decide if rebuilding is a viable option or selling the property “AS IS” is your wisest financial choice.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county, charlotte county real estate, florida, florida waterfront, gary cardillo, market update, punta gorda, punta gorda real estate, real estate, real estate market, remax harbor, selling in punta gorda

How Can We Help You?






    Shop for Real Estate

    • Single-Family Homes for Sale
      • Port Charlotte Homes
      • Punta Gorda Homes
      • Punta Gorda Isles Homes
      • Burnt Store Isles Homes
      • Englewood Homes
      • North Port Homes
      • Sarasota Homes
      • Venice Homes
      • Waterfront Homes
        • Sailboat Homes
        • Canal Homes
      • Newly Listed Homes
    • Condos for Sale
      • Port Charlotte Condos
      • Punta Gorda Condos
      • Punta Gorda Isles Condos
      • Englewood Condos
      • Burnt Store Isles Condos
      • North Port Condos
      • Sarasota Condos
      • Venice Condos
      • Waterfront Condos
        • Sailboat Condos
        • Canal Condos
      • Newly Listed Condos
    • Lots & Land for Sale
      • Port Charlotte Lots
      • Punta Gorda Lots
      • Punta Gorda Isles Lots
      • Burnt Store Isles Lots
      • Englewood Lots
      • North Port Lots
      • Venice Lots
      • Waterfront Lots
        • Sailboat Lots
        • Canal Lots
      • Newly Listed Lots
    • RE/MAX Harbor Realty Office Listings

    Search The MLS

    To search for real estate listed for sale in the MLS, please use our MLS Search Form »

    Search By MLS Listing Number

    MLS #:
    For multiple MLS numbers, separate numbers by a comma: e.g., C7005869, C7015140

    Recent Posts

    • Market Update
    • Thanks…..Giving
    • Market Update November 2024
    • Life Lessons from the Storms We Endure
    • Q: How has this new “anti-trust suit” in Missouri impacted the way agents work with buyers and sellers?

    Search The Blog

    Share

    Twitter
    facebook

    Contact The Gary Cardillo Group

    By email: Info@FLwaterfrontliving.com
    Mobile: 941-916-0939
    Address: RE/MAX Harbor Realty
    2815 Tamiami Trail
    Punta Gorda, FL 33950

    About The Gary Cardillo Group

    Gary Cardillo, Realtor While most people would like to talk about themselves, Gary and Gail have always put their clients first, and their diverse backgrounds have provided their clients an unparalleled level of service and knowledge throughout the past years.
      » Read More...

    Explore Real Estate for Sale

    • Search the MLS
    • Condos for Sale
    • Lots & Land for Sale
    • Single-Family Homes for Sale

    Read Our Blog

    • Buying Real Estate
    • Community Information
    • Events & Activities
    • Selling Real Estate
    The Gary Cardillo Group • RE/MAX Harbor Realty
    2815 Tamiami Trail • Punta Gorda, FL 33950
    941-916-0939
    garycardillo@wesellpg.com

    Copyright © 2011-2025 · The Gary Cardillo Group
    Site designed and managed by Tropical Web Works 104.156.48.242

    Back to Top
    Contact Us