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You are here: Home / Archives for gary cardillo

Did you hear?

May 31, 2022 by Gary Cardillo

Did you hear PUNTA GORDA was ranked #1 as the nation’s most sought-after areas from buyers who are looking at homes in a different metro area from where they live AND we were the only city listed in top 10 in FL  #lovewherewelive  #garycardillogroup #localagents Read more below from Realtor.com….

Here Are the Most Popular Cities for Homebuyers in 2022—and the Places People Can’t Wait To Leave

By Clare Trapasso

May 3, 2022
The COVID-19 pandemic shook up just about everything—especially where many people live. It caused a mass real estate migration unlike any in recent memory.

Lots of folks traded the cities for suburbs—more space! fewer people!—while others relocated to new, often cheaper, parts of the country. And with the popularity of remote work that allows buyers to live just about anywhere and the growing frustration with record-high home prices, the real estate reshuffle isn’t slowing down anytime soon.

In the first quarter of the year, more than half, 59.7%, of all of the views on the home listings on Realtor.com® came from shoppers based in other metros, according to recent Realtor.com research. That was a 4.6% bump over the same time last year.

Our economics team analyzed the search traffic on Realtor.com to figure out the areas where people wanted to move to—and where they most wanted to leave. We scrutinized the data to determine the nation’s most sought-after areas from buyers who are looking at homes in a different metro area from where they live. On the other end of the scale, the team also found the metro areas where the highest percentage of locals were looking for homes someplace else.

“The pandemic led many Americans to revisit priorities, preferences, and timelines,” says George Ratiu, manager of economic research for Realtor.com.  “Worries over health, financial pressures, lifestyle, and well-being were channeled into finding a home in a location which offered ample access to the outdoors, better quality of life, and increasingly important, affordable housing.”

As for trends, we found that the ever-elusive quest for affordability is still driving most preferences. Vacation and retirement destinations are especially popular with those browsing real estate listings from other areas. Some shoppers were looking to relocate, especially those who can work remotely. Others were hoping to purchase a second home, and then there were those who just wanted to dream.

Meanwhile, folks in the more expensive cities, colder parts of the country, and college and military towns seem to be looking for exit strategies. Folks in the chilly and pricey Northeast were the most likely to look at homes in other parts of the country. About 37.2% of them viewed properties in different regions. About 26.4% of folks from the Midwest, 25% of those in the West, and just 11.3% of people in the South also searched Realtor.com for residences located elsewhere.

To track the moves, the Realtor.com analysis covered the 300 largest metropolitan areas in the first quarter of 2022. (A metro area encompasses the main city and surrounding towns and smaller urban areas.) We limited the list to just one metro per state to ensure geographic diversity.

OK, let’s start with the most popular list—a tour of the most desired destinations for homebuyers right now!

1. Punta Gorda, FL
Percentage of Realtor.com home listing views from outside of the metro: 90.12%
Median home list price: $430,000*

2. East Stroudsburg PA
Percentage of listing views from outside of the metro: 89.1%
Median home list price: $322,000

3. Kahului, HI
Percentage of listing views from outside of the metro: 88.3%
Median home list price: $1,197,500

4. Rocky Mount, NC
Percentage of listing views from outside of the metro: 88.3%
Median home list price: $232,500

5. Prescott, AZ
Percentage of listing views from outside of the metro: 87.9%
Median home list price: $622,300

6. Claremont, NH
Percentage of listing views from outside of the metro: 87.5%
Median home list price: $400,000

7. Hilton Head Island, SC
Percentage of listing views from outside of the metro: 85.9%
Median home list price: $522,000

8. Santa Fe, NM
Percentage of listing views from outside of the metro: 85.9%
Median home list price: $879,000

9. Decatur, AL
Percentage of listing views from outside of the metro: 84.9%
Median home list price: $268,000

10. Barnstable Town (Cape Cod), MA
Percentage of listing views from outside of the metro: 84.7%
Median home list price: $849,450

 

Filed Under: Buying Real Estate, Community Information, Selling Real Estate Tagged With: charlotte county, charlotte county realtor, current market, florida, florida waterfront, gary cardillo, listing agent, moving to punta gorda, punta gorda number 1, selling in punta gorda

All Gave Some, Some Gave All

May 27, 2022 by Gary Cardillo

Some people can visit a cemetery and feel a special bond with loved ones who have passed. Others are terrified at the thought and equate it with the ghoulish night of Halloween, where evil spirits lurk. Then there are others who have turned the page and don’t see any point in visiting loved ones or friends who are no longer with them.
While visiting cemeteries is not something I frequently make a point of doing, when paying my respects to friends or family members I feel I have stepped into a history book of stories and intrigue most books can seldom capture. I feel that certain intimacy in one such cemetery, “Our Lady of the Isle Cemetery,” located on Shelter Island, N.Y. Few places have given me an inner peace than this small cemetery has to offer. Driving up the narrow tree-lined road, you come to an opening in the woods where stories of inventors, political figures, family members, friends, and veterans abound. Many I have known, primarily through my mom and dad, who lie there and are part of that unique history. I have stayed there for hours and relived childhood memories second to none and the people that made it so special. However, when visiting a cemetery of this size, you feel an intimacy or bond with those you have loved, particularly with those who have served.
One of the most memorable walks I’ve taken there has been on Veteran’s Day or Memorial Day, where small flags adorn the entire cemetery like a carpet of spring flowers, commemorating the service of our fallen or deceased veterans. It is inspiring to see just how many people who have had some connection to this quaint island have sacrificed so much for the freedoms we enjoy today. There are World War I and II veterans, those who fought in the Korean and Vietnam wars, and even a dear friend of ours whose son was disarming bombs in Afghanistan ahead of his platoon when he stepped on an IED and sacrificed his life to save the 20 members of his team. We all have stories like this of people we know who “gave all” for their country, and then we have others who “gave all” differently.
One of my first interviewees was Punta Gorda’s first female mayor, Marilyn Smith-Mooney. Formally from Long Island, New York, Marilyn lived a life of accomplishments that would have spanned at least two lifetimes. The first half of her life was in the private sector, focused primarily on architecture, interior design, and ownership and management of a commercial construction corporation. The latter half of her life centered around executive management team positions in human resources and corporate development. She was a pilot and an Amelia Earhart award recipient. She was a graduate of the Advanced Institute for Elected Municipal Officials, Leadership Charlotte, and Local Government Leadership Florida. For eight years, Marilyn served as executive director and vice-chair of the Tetrault Family Foundation. This private non-profit provided $30 million in funding and development of the 27-acre Peace River Botanical & Sculpture Gardens, where breathtaking sculptures from artists worldwide are displayed among specimen floral fauna from the area.
She also obtained her Florida Supreme Court certification as a county mediator, which only scratches the surface of this talented woman’s accomplishments and awards. In 2017 Marilyn was honored with the award from the Punta Gorda Rotary for “Service Above Self,” acknowledging her work for so many non-profits and individuals “needing a caring heart.” However, one award Marilyn was most proud of was being the first recipient of the “Distinguished Civilian Award” from the Military Heritage Museum, which she received in August 2021.
As long as I knew Marilyn, she always had a special place in her heart for the military and those who served our country, and she wanted that history preserved for generations to come. She joined the Military Heritage Museum Board and became its president in 2007, holding the position for more than five years. She stayed on as a board member feeling “new blood, energy and ideas” were needed from leadership, but once again was recruited to serve as its president. Today the Military Heritage Museum is one of the most unique and awe-inspiring tributes to those who played such an essential role in preserving our country’s rich history.
Like many small towns throughout our country, there is a special bond and gratitude you feel when seeing someone who has served their country. Punta Gorda has that bond through the Military Heritage Museum, and the Veteran’s Memorial Wall found in Veteran’s Park within the city. With Memorial Day upon us, most associate it with the start of summer and the activities we’ve waited to enjoy all winter; however, as I’ve grown older, I’ve come to appreciate the service those have made to give us the freedom we have today. There is a military saying I came across, “All gave some, some gave all,” and while that may imply those that haven’t fought in wars “gave some,” Marilyn Smith-Mooney is a perfect example of someone who may not have marched off to war, but to me, she “gave all.” Thankfully, I’m fortunate to have had the opportunity to thank her for her “service” before she passed shortly after receiving her Distinguished Civilian Award from the Military Heritage Museum.
We send our best wishes to all for a happy, healthy, and memorable Memorial Day. To our Veterans, we thank you for your service.
-Gary Cardillo

Filed Under: Community Information Tagged With: charlotte county, gary cardillo, marilyn mooney, memorial day, military, military heritage musuem, punta gorda, thank you, things to do

Real Estate Update: April 2022

April 20, 2022 by Gary Cardillo

Many people have asked me with the war going on in Ukraine, inflation and interest rates on the rise when do I see the market crashing or at the very least bursting.
While no one has a crystal ball, we have several things going for us that I feel will enable Florida and our area specifically to do better than most. Yes, the higher cost of living does affect the discretionary income for many, while higher interest rates will impact those when it comes to financing a home. However, Florida remains very attractive for its climate, its cost of living when compared to many northern states, and for the tax benefits to be enjoyed. In other words “weather, water, way of life!”
As I’ve mentioned many times before, ever since the onset of Covid, those moving from the north found they could work remotely and sold their homes at a much higher price than the homes they were purchasing in Florida. Most paid cash, while others only borrowed 50-60%. There were no sub-prime mortgages and over leveraging granted to buyers who, under normal circumstances, wouldn’t qualify for the loans they were seeking. From a lending point of view the banks were in much better position to sustain a real estate slow down knowing those that were approved for loans were well qualified and weren’t a great risk.
Port Charlotte and Punta Gorda specifically were considered the fastest growing areas in the country and compared to our surrounding counties, we were the “bargain” that attracted the growth. However, with that growth and low inventory levels sellers started taking full advantage of the “captive market” and property prices started to soar. Unfortunately, when prices start to take meteoric rises on properties that shouldn’t be rising to that level, that is when you can start to see some pull back. I base this more on buyer feedback than any prediction of a crash.
While Covid may still be a presence, I think more people feel they can cope with it better now than at the panic levels we have experienced the past few years. While the real estate market has become a 365 day a year business, we are starting to see some of our winter visitors heading back home to be with family for Easter. These may ease the “frenzy” a bit when it comes to bidding wars, but keep in mind a well-priced property doesn’t require a buyer to be present to submit an offer on a home, so I would still expect to see multiple offers on those properties.
So what do I see? I feel prices will remain high, but for those properties that are perceived as excessively priced, there will be price reductions as buyers are keeping an eye on those market rates and inflation. The result is they will hedge themselves a bit from going out on a limb and submitting an offer for a property that is perceived to be well over market value. Coupled with material costs to build or remodel, I feel the market will remain strong, but buyers will exhibit a bit more caution and make offers more in line for what they feel their total investment will be in a home, and not be as influenced by emotion as what we may have been experiencing.
Very few can argue that Florida affords one an incredible lifestyle, and that bodes well for our community. By comparison we are better poised for continued growth and with developers and national home builders still attracted to our area I think pricing, especially in the $250,000-600,000 will remain very competitive.

Filed Under: Buying Real Estate Tagged With: charlotte county housing, florida waterfront, for sale, gary cardillo, local real estate, punta gorda, punta gorda real estate, real estate news, realtor

Easter, Where Hope Springs Eternal

April 15, 2022 by Gary Cardillo

If I had to summarize my outlook on life, I would have to say Alexander Pope’s “An Essay On Man” depicted it best when he wrote, “Hope springs eternal in the human breast.” Various interpretations characterize his words: “People will always be optimistic and think something better is coming.” That certainly describes me!

I’ve often thought, “Is it the child in me who wants to see life through rose-colored glasses, or is it my desire to see the best in people and what life offers?” I sense I’m not the only one as I find many who I meet are on the same path as me, looking for those little nuggets along our life’s journey that bring us joy. When you think about it, every month of the year has that little “treat” we refer to as a holiday we celebrate with great anticipation. However, when you look into the history of many of these holidays, their origins are vastly different than how we celebrate them today. We have molded them into a day that makes us feel good and gives us that renewed “optimism.” Think about it. January starts our new year, a clean slate, if you will. Some people look at it as a start of a better year than the previous one. New resolutions are made, and who cares if they are broken a few weeks later, we feel like we got a fresh start. February brings us Valentine’s Day, and who would think we somehow could turn a day honoring 2 Christian martyrs into a romantic day for lovers. March amazes me as St. Patrick would never have deemed people from all walks of life and races would claim their Irish heritage and celebrate it until all hours of the night. Somewhere along the way, the fact that it was to celebrate the arrival of Christianity into Ireland got lost between the corned beef, Irish soda bread, and another round of beer. May brings us spring flowers, Cinco de Mayo, and a day to honor our Mothers. While I understood the significance of Mother’s Day and spring flowers, can someone explain how a kid from New York interprets a day when Mexico celebrates its victory over the French Empire in The Battle of Puebla, known as Cinco de Mayo,” as one he should commemerate as well? June was one of my favorite months as it was not only the month of my birthday but Father’s Day and the start of another great summer. Soon to follow was the 4th of July, and all we could think of were those great summertime barbeques and firework displays and not so much as those who gave of themselves fighting for our independence. While August didn’t have any particular holiday we looked forward to, it was the last month of a summer that was in full swing. Then came Labor Day, and once again, we somehow interpreted this day that originated as an observance of the labor unions contributions to the U.S. economy, as almost a weekend of rest and one final celebration before heading back to the drudgery of another school year. If you were like me, I bet you couldn’t wait for Halloween to arrive, and whoever would have thought we could have turned a day of observance for the deceased, martyrs, and saints into a night of ghoulish activities, costumes, and shopping bags full of candy! November brought Thanksgiving, which not only was the beginning of the holiday season but seemed to make us a bit more appreciative of the things for which to be grateful. There was a desire to savor the day in the company of family and friends, and it was perhaps one of the few holidays that genuinely made us reflect on the significance of that day. Then came Christmas for those of the Christian faith, and like most kids, it was a day we looked forward to since the end of summer. While it was supposed to signify the birth of Jesus Christ and God’s plan to bring salvation to the world, somehow, our focus was more about the gifts we showered on each other, and the Christ child in a manger got hidden behind that new bicycle and the mountain of toys.

I bet you think I forgot about April, didn’t you? For many, it represents the month that “God giveth and the taxman taketh away.” Perhaps Easter is God’s way of helping us endure that pain; however, Easter represents much more to me. The beginning of spring was starting to bloom. The air seemed fresher, and everything seemed to come back to life. As a child, my early recollections were of an Easter Bunny delivering a brightly colored basket full of jelly beans, a chocolate cross and rabbit, and a stuffed baby duckling, all nestled on a bed of colored cellophane grass. But, of course, no Easter would be complete without the dying of eggs and the Easter egg hunt that soon followed. As I got older, I thought, what sense did all of this make. Easter is supposed to be a celebration of the risen Christ and the hope of many for eternal life, and somehow we have a rabbit delivering colored eggs and candy. Did someone tell the rabbit he walked onto the wrong movie set?

I was relieved to find, according to Time, this “egg-laying hare” stems from a pagan tradition known as the Festival of Eostre, which honored the goddess of fertility and spring. It is said the goddess’s animal symbol was the rabbit, which stood for high fertility and reproduction rates. If you live in my community you will see first-hand the rabbits have successfully continued this time-honored tradition! However, in the 1700’s, German Immigrants coming to Pennsylvania brought this tradition of “Osterhase” or “Oschter Haws,” an egg-laying hare that would lay colorful eggs and give them to good children. I can’t tell you my relief as I must have been one of the good ones, or of mistaken identity, as I always awakened to a big Easter basket full of every sugar-filled treat known to man!

So what does Easter mean to me? Unlike most holidays steep in tradition, I always felt it was the start of something extraordinary inside me and the world around me. Everything seemed new and fresh; it was almost as if life was just beginning. As I’ve grown older, it has taken on a different perspective as chocolate bunnies and colored eggs have given way to more of a reflective period. Easter has almost become a better time to make those resolutions in bettering ourselves and sharing our gifts with others. I’ve often wondered if we make our New Year’s resolutions at the beginning of each year as something genuinely positive to look forward to, or is it our feeble attempt to distract us from the suffering of those long, harsh winters? After all, how many of those good intentions become just that after only a few short weeks? Yes, guilty as charged! For those who share the Christian faith, Christ’s death and resurrection was that opportunity to bury the old negative thoughts and way of life in exchange for a better, more rewarding eternal life. One in which we could find total enjoyment in the simple pleasures life had to offer without trying to create distractions to get us through each day. This is, to me, the actual “Hope Eternal,” as Easter has brought me a renewed appreciation for the things I have, the friends that surround me, and the hope of a better world to come.
My hope is this Easter season brings the same joy to you.
-Gary Cardillo

Filed Under: Community Information Tagged With: buying real estate, easter, florida, flwaterfront, gary cardillo, listing agent, meaning of easter, pgrealtor, port charlotte, punta gorda, realtor, selling real estate

Real Estate Update-“Nearly half of home buyers pay cash”

March 24, 2022 by Gary Cardillo

By NANCY J. SEMON STAFF WRITER “Charlotte Sun Newspaper”

Homes sales strong despite holidays
January traditionally is a slower month for real estate sales, and although closed sales were down from December, the market shows no sign of slowing.
“There is a 30-day lag and due to the holidays in December, Realtors were not writing as many contracts; January is even lower than the summer months,” said Sharon Neuhofer, president of Realtors of Punta Gorda-Port Charlotte-North Port-DeSoto, Inc.
She said in some parts of the nation, rising interest rates might be attributed to slowing home sales, but not in our area.
Many buyers in Southwest Florida are paying cash, so the mortgage interest rates do not affect them, she pointed out.
In January, when there were 323 closed sales of single-family homes in Charlotte County, 46.4%, or 150 buyers, paid cash.
Neuhofer said beside January’s traditional slowdown in sales, Realtors “have buyers we don’t have houses for.”
She said current low inventory levels means would-be buyers do not have a lot to choose from, and when they do find a house, often there are multiple parties interested.
“You can’t sell what we don’t have,” she said.
The same scenario held true for townhomes and condominiums. Of the 66 closed sales, 47 buyers paid cash, or 71.2% in January.
But while the median and average sale prices of single- family homes in January was lower than in December, the median and average price of townhomes and condos was higher.
SINGLE-FAMILY HOMES
The median sale price in January was $346,500, compared to $350,000 in December. The average sale price of $407,678 was also lower than December’s $450,671.
For 11 consecutive months, sellers were getting 100% of the original listed price.
The median time to sale was 57 days, and time to contract was 12 days. There were 370 homes in inventory in January, which represented a 0.9 month supply.
The inventory level from a year ago was down 30.8%.
TOWNHOMES AND CONDOS
The median sale price in January stood at $287,000, up from $269,950 in December.
The average sale price was $312,069 versus $296,717 in December.
The median percentage of the original listed price was 100% in January, continuing a nine-month trend.
Inventory stood at a 0.6 month supply, the same as it was in December. The inventory level was down 77.8% from a year ago.
Those wanting to sell should “know what you’re going to buy, or you could wind up homeless,” Neuhofer said.
QUICK SALES
She said with cash buyers coming to buy in Southwest Florida, homes are being bought up quickly.
The median time to contract for single family homes in Charlotte County was 12 days, and the median time to sale was 57 days — under two months.
But in some cases buyers will offer incentives — such as a higher price — if sellers agree to move in 30 days.
The median time to contract for townhomes and condos was similar — 10 days, and 53 days for the median time to sale.
January saw 671 single family homes about to come onto the market in February, and 119 townhomes and condos.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county, florida waterfront, for sale, gary cardillo, punta gorda real estate, real estate, remax harbor

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