• 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 / Archives for Selling Real Estate

July 2018: Housing Recap

July 25, 2018 by Gary Cardillo

As we closed out the first half of the year, the number of single family home sales in Charlotte County was slightly lower than for the same time period last year however, home prices rose 8.6% to an average of $270,500. During the same time period condominium sales increased 10% with the average sale price of $224,700, or an 8.7% increase over the previous year.

Waterfront properties compared to last year in Punta Gorda Isles and Burnt Store Isles, had a 17% increase in single family home sales averaging a 9.2% increase over last year with the average home selling for $505,300. Waterfront condominium sales were even for this time period last year with the average selling price of $256,280 showed 3.7% increase. Selling price to list price ratios average 96%, indicating sellers were pricing their homes aggressively.
In Sarasota County, single-family home sales were slightly lower, however, the average selling price of a home increased 8.9% to $395,880. Conversely, condominium sales increased by almost 10% resulting in an average purchase price of $460,150 for a 15.7% increase.
The Sarasota waterfront, particularly the downtown Sarasota and Longboat Key areas, have the greatest bearing on sales averages throughout the county. Single family waterfront home sales increased 12.5% averaging almost $1,530,200which was a 7.8% increase over the previous year. Condominiums sales also increased by 12% however, while the average sale price was approximately .5% lower, the average sale price of $748,800 is still very impressive. Even in this price range; the selling price to list price ratios averaged 93% for single family homes and 95% for condominiums, clearly indicating buyers were receptive to the list pricing.
And as always, please feel free to reach out with any questions your may have! –Gary

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: garycardillo, july 2018 market, moving to punta gorda, selling in punta gorda, specialist, waterfront

October Real Estate Activity

November 19, 2015 by Gary Cardillo

October did not disappoint as real estate sales indicate a healthy, thriving market. Are you thinking about putting your home on the market this season? Let us help you get the price you want for it. Here we look at Charlotte County as a whole, along with Venice and Sarasota sales in October 2015 compared to October 2015.

Charlotte County single family home sales

2014 2015
Total Homes Sold 370 388
Average Sq. Ft. 1,697 1,738
Days on Market 90 71
Selling Price $181,412 $201,592
Sales Price to List Price Ratio 95% 97%

Charlotte County condo, villa and townhome sales

2014 2015
Total Condos Sold 74 75
Average Sq. Ft. 1,321 1,232
Days on Market 105 77
Selling Price $164,497 $150,497
Sales Price to List Price Ratio 94% 95%

Punta Gorda Isles and Burnt Store Isles single family home sales

2014 2015
Total Homes Sold 29 21
Average Sq. Ft. 2,256 2,007
Days on Market 144 123
Selling Price $420,484 $389,400
Sales Price to List Price Ratio 95% 96%

Punta Gorda Isles and Burnt Store Isles condo, villa and townhome sales

2014 2015
Total Condos Sold 13 18
Average Sq. Ft. 1,656 1,630
Days on Market 86 52
Selling Price $216,640 $234,572
Sales Price to List Price Ratio 94% 97%

Venice Area single family home sales

2014 2015
Total Homes Sold 143 127
Average Square Feet 1,737 1,794
Days on Market 68 58
Selling Price $227,845 $263,230
Sales Price to List Price Ratio 96% 98%

Venice Area condo/townhome/villa sales

2014 2015
Total Homes Sold 66 60
Average Square Feet 1,259 1,344
Days on Market 78 72
Selling Price $173,979 $226,685
Sales Price to List Price Ratio 96% 96%

Sarasota single family home sales

2014 2015
Total Homes Sold 513 429
Average Square Feet 2,021 2,042
Days on Market 73 73
Selling Price $381,624 $380,746
Sales Price to List Price Ratio 97% 97%

Sarasota condo sales

2014 2015
Total Homes Sold 282 284
Average Square Feet 1,406 1,301
Days on Market 85 73
Selling Price $309,110 $252,863
Sales Price to List Price Ratio 96% 96%

Filed Under: Buying Real Estate, Selling Real Estate

Real Estate Sales Are Steadily Climbing

October 25, 2015 by Gary Cardillo

The rise in sale prices is not only due to the lower priced properties that are no longer on the market, but due to lower inventory levels.
The rise in sale prices is not only due to the lower priced properties that are no longer on the market, but due to lower inventory levels.

A look at January-September sales in 2014 compared to January-September sales in 2015 shows an increase all around.

Here we take a look at sales of homes, condos and lots in Charlotte County as a whole, as well as Punta Gorda Isles and Burnt Store Isles sales.

Charlotte County single family home sales

2014 2015
Total Homes Sold 3,194 3,579
Average Sq. Ft. 1,735 1,767
Days on Market 96 82
Selling Price $181,959 $204,432
Sales Price to List Price Ratio 95% 96%

Charlotte County condo sales

2014 2015
Total Condos Sold 804 848
Average Sq. Ft. 1,320 1,306
Days on Market 114 114
Selling Price $155,518 $183,407
Sales Price to List Price Ratio 94% 95%

Charlotte County lot sales

2014 2015
Total Lots Sold 4,970 5,000
Days on Market 222 216
Selling Price $90,474 $94,421
Sales Price to List Price Ratio 94% 95%

Punta Gorda Isles and Burnt Store Isles single family home sales

2014 2015
Total Homes Sold 242 272
Average Sq. Ft. 2,204 2,284
Days on Market 112 117
Selling Price $378,246 $437,751
Sales Price to List Price Ratio 95% 95%

Punta Gorda Isles and Burnt Store Isles condo sales

2014 2015
Total Condos Sold 176 183
Average Sq. Ft. 1,543 1,598
Days on Market 100 104
Selling Price $187,023 $218,112
Sales Price to List Price Ratio 95% 95%

Punta Gorda Isles and Burnt Store Isles lot sales

2014 2015
Total Lots Sold 83 85
Days on Market 398 427
Selling Price $151,923 $170,841
Sales Price to List Price Ratio 91% 91%

The rise in sale prices is not only due to the lower priced properties that are no longer on the market, but due to lower inventory levels. Generally speaking, sellers are pricing their homes more aggressively as the days of marking a property up to provide more negotiating room are gone. Buyers want to know they are getting a fair price and the result is you are seeing selling price to list price ratios in the mid to upper 90% levels.

With the outlook of prices rising, low inventory levels and the strong possibility of interest rates increasing, no longer is the real estate market a seasonal endeavor. Buyers are now in the market on a year round basis willing to hop on a plane when they see a property that is of strong interest. While September and most of October are typically the slowest selling times of the year, this window is continuing to shrink as buyers and sellers are no longer waiting for the new season to approach with the thought more properties will come on the market to choose from. While more inventory is sure to come on the market, higher list prices are sure to accompany them.

After a few years of unusually frigid conditions up north, there is a much greater number of people now looking to the year round warmer climates to call home, and with that comes a stronger demand on the lower inventory of homes. Buyers are now realizing this, and are coming back much earlier each year out of fear their “dream home” will no longer be available if they wait as they are seeing homes selling at a much faster rate than in years past.

Filed Under: Buying Real Estate, Selling Real Estate

New Home Starts – Another Sign That Florida’s Economy Is Recovering

January 7, 2013 by Gary Cardillo

In a Charlotte Sun article today, it appears our area is well on its way to recovery as new building starts continue to make great strides. Several months back the City of Punta Gorda stated building permits for residential new construction starts was on target to reach 50, up from approximately 36 the year before.

Today’s article seems to indicate this is not a local trend. According to Sarasota Building Official Greg Yantorno, 686 permits were granted in 2012 with 461 of those permits approved for areas south of Blackburn Rd in Nokomis and 225 to the north. Also noted where the over 900 permits that were in the pipeline for Sarasota county. While this may be down from the 2,400 permits issued during the height of the market, it is a clear signal that inventory levels of existing homes are down and there is a renewed confidence for new home construction.

Patrick Neal of Neal Communities, builders of homes in such communities as Palmer Ranch, and their $800 million project in Grand Palms, off Center Road in Venice, as well as the up to 500 homes projected in Boca Royale Golf and Country Club development in Englewood, says they are investing in the South Venice and Englewood areas as these are areas of great growth potential.

Greg Lapinsky, General Manager for Pulte Homes says they have seen the same resurgence as evidenced by the success of their Island Walk community located in North Port’s West Villages. Lapinsky characterizes today’s buyer as being a “more cautious northerner…half who are paying cash, and looking to buy as much home as possible without looking as much at zip code.” He continued by saying, “they are looking for nature walks, preserves and maintenance free living”… looking to “see Florida,” as more and more people are looking to enjoy the year round outdoor lifestyle that Florida has to offer.

The city of Punta Gorda seems to recognize that same interest with the near completion of their “Linear Park,” which is a walk way taking you through all the highlights around the city that include waterfront parks.

Robert Denk, Senior Economist with National Home Builders Association, said the U.S. averaged 1.3 million new residential building starts however, after 2009 it dropped to 27% but by 2013 it should be back up to 51% and by 2014 is projected to rise to about 70% of pre downturn levels. Florida it was stated averaged 127,000 new starts per year and dropped to 15%. By the end of 2013 it is projected the state will rebound to about 40% of pre downturn levels and 50% by 2014.

While Charlotte’s “West County,” south Sarasota and Englewood are seeing a more significant uptick as evidenced by Charlottes 29% increase in new starts, remodeling permits are also up. It is not uncommon to see $30,000 permits for kitchen remodels and $50,000 for pools. Monthly permit approvals have jumped from 7-8 per month to 25-30, a clear indication consumer confidence is on the rise.

Tom Danahy, President of Kitson Babcock, a division of Kitson Partners, said they are seeing the same trends. Danahy stated that typically 300,000-400,000 people move to Florida each year and a recent report showing Florida had a net gain of over 200,000 people moving to the sunshine state which ranks Florida within the top three states with that kind of population growth; Texas and California being the other two states.

However, of the states with the most robust growth most affected by the downturn, Florida appears to be the fastest on the road to recovery, and with prices in many areas not only stabilizing but showing signs of increase, now could be your last opportunity to get the most home for your dollar as inventory levels are much more in line with market consumption. While it was noted that new home starts priced over $400,000 still may prove a bit more challenging than those priced in the more affordable price ranges, we are seeing a greater number of homes being viewed that are priced above $500,000 than we have in the past few years, another sign we are well on the road to recovery!!!

Filed Under: Buying Real Estate, Selling Real Estate

  • « Previous Page
  • 1
  • …
  • 3
  • 4
  • 5

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