You may be thinking, “What goes up, must come down,” and the real estate market is no different. However, unlike the stock market you still have your property which continues to have great value. When Hurricane Charley impacted the area, property prices skyrocketed due to investor interest and limited supply. A few years later many homeowners looking to sell complained that prices dropped. What they didn’t consider was unless they bought at the high, most still enjoyed increases in the valuation of their property that outpaced returns they were getting in the stock market. Now we are seeing the same thing. Prices rose due to what we perceived as panic buying that occurred during the pandemic, but with those fears subsiding, and travel being restored to more normalcy, we are seeing that buying frenzy abating. It started the end of July 2022, and with higher interest and insurance rates in addition to inflation and banking concerns for some, valuations have been trending lower. Single family home prices in Sarasota County dropped 9.6% in the month of April compared to the year before, dropping to an average of $650,789.00, while condominiums in Sarasota County fell by 3.3% to $640,583.00. Charlotte County saw a more significant decrease in the price of single family homes over the same time period falling 18.4% to $417,914.00 from a high of $511,939.00. Condominiums saw a 16.4% decrease from the previous year to $325,303.00. The boating communities of Punta Gorda Isles and Burnt Store Isles also saw single family homes selling for 20% less this April compared to April 2022, as the average selling price dropped from $1,043,625.00 to $835,166.00. Condominiums experienced a 13.25% drop as the average selling price adjusted from $422,510.00 to $383,854.00.
While the numbers may have adjusted, take heart. Most would agree the valuations of their homes are still significantly higher now than they were prior to the pandemic. For those who bought at the high during the pandemic, I would venture to say you are enjoying your lives here in Florida. For those looking to sell at this time, keep in mind the market isn’t the same as it was during the pandemic. Inventory is a bit higher and buyers are being more patient and looking for prices that aren’t as inflated. The good thing to consider is with the lower prices buyers are going to start reentering the market, but they are factoring in higher interest rates if they are financing, along with high costs association with insurance. With remodeling costs remaining high, these are the factors buyers are keeping in mind when purchasing a home. Homes are selling if they are being perceived to be competitively prices to others on the market when factoring in the cost to remodel along with the price to purchase the property.
I consider myself very fortunate to have met so many wonderful people during my life that I’m blessed to call “friends.” Their backgrounds are as diverse as the world in which we live. Some have been politicians, others doctors, lawyers, law enforcement, and even those with rags-to-riches stories. While I love to celebrate their histories of accomplishment, the ones whose lives touch me most are those who passionately serve others, whether through personal sacrifice or by giving generously of their gifts and talents. Their backgrounds may differ vastly, but they desire to serve with little attention drawn to themselves. One such person is long-time friend Kim Amontree, whose contributions to our community read like a “Who’s Who.” Kim has served on the local school board as Vice Chair and as an integral member of a variety of boards and committees that include the “Punta Gorda Diversity Task Force,” “Charlotte County Chamber Government Affairs,” and “Charlotte County Reads” in addition to her various roles with the Florida School Boards Association. This association aims to increase student achievement by developing effective school board leadership and advocacy for public education.
Simply put, the FSBA is the “voice of education in Florida,” which Kim has served on multiple committees and continues today as co-Chair of the Legislative sub-Committee. Kim’s involvement with the community is just as comprehensive as she serves on the Board of Directors for the YMCA of Southwest Florida and is “Chair of the Punta Gorda YMCA Community Board.” Her passion for children does not end there as she is a “Coalition Member of Drug-Free Punta Gorda,” a “Volunteer Reading Buddy.” She has also served as a mentor for Take Stock in Children and a coach for Girls on the Run. I’ve often felt Kim was the person I would call if my house were on fire as she’d be the first one on the scene and have it under control before the fire trucks arrived. She’s not one to sit back and hope for change; she’s a team player who will invoke the change.
I often ask those looking to move to our area what brought them here. For Kim, it was an opportunity for her husband Jim, a highly respected Gastroenterologist, to join the Intermedic practice years ago. Kim recalled how they met through a group of friends while both were living in Albuquerque, New Mexico. They weren’t dating for long when Kim had an opportunity to move to New Orleans, working with NCR, a world-leading enterprise technology provider of software, hardware, and services for large banks and other entities. Jim was an Assistant Professor at the University of New Mexico when a close physician friend notified him of the Intermedic opportunity. Kim jokingly said, “I told Jim I wasn’t moving just for love. It would be for a ring, a house, and a dog.” So in 1991, they made the move and never looked back. Despite being on a fast track herself, Kim put her career on hold to help Jim open his practice which came to fruition in 1999. Years later, having helped create a thriving medical practice and raising three gifted children, Kim said, “Life is short, and I wanted to spend time doing things that matter.” Those who know Kim know of her passion for community and children specifically. Having been a Realtor myself for 20 years, the questions from those looking to move to our area center around medical services and education, the question most dear to Kim’s heart.
Few of us would disagree that we live in a world fraught with many issues, from health and finance to the environment. Kim reflected, “Unfortunately, the problems in society we face today the next generation is going to have to solve, and that comes through education.” Equally challenging is the environment our educators face today. Aside from the lack of decorum exhibited in debates of opposing thoughts and philosophies, you hear in classrooms and on college campuses throughout the country, not to mention security challenges, Kim said, “There is a direct tie to the impact on educational performance that stems from socio-economic conditions. Approximately 60% of the children are “direct certified” (receiving some form of government assistance). Over 90% are considered “economically needy.” While the pandemic had devastating effects on the 2020-2021 school year, where 30% of the children missed more than ten days of school, a dramatic increase from the 12% norm, Kim said, “The Charlotte County school system wasn’t going to take the foot off the gas; the students were expected to learn the curriculum.” In 2021, the Charlotte County School System had its highest graduation rate of 91%. Not only did more children graduate, but they scored in the top tier of Florida’s Advance Placement Standardized Test.
Kim’s decision to join an organization or board comes down to one significant fact, “Does it benefit the children of the community?” I’ve always felt we educate our children to benefit other cities and towns across the country since, historically, there have been limited employment opportunities locally. Kim said they could benefit from higher-paying jobs by providing workforce opportunities to serve the community’s growth, such as aviation, where students can graduate with FAA certifications. Kim continued by saying that with the cost of education reaching all-time highs, providing white-collar opportunities without going through a four-year college program would reduce student loan debt and enable these students to earn a good living in less time. She added, “If you want better medicine and services, you must support and have confidence in the school system.” By passing the “Yes For Success” referendum, teachers’ salaries increased from $38,000 to $54,000, which is one of the highest in the state. The referendum enabled the school system to address the psychological impact many children face today. Succinctly stated, “Schools are the front line of mental health issues.” As a result of the passage of the referendum, they were able to triple the number of social workers and double the number of psychologists.
Kim continued, “Discipline is one of the biggest barriers to educational success. It only takes a two percent discipline problem in a class to impact the other ninety-eight percent.” When you factor in some families’ socio-economic challenges, taking 20 minutes a day to read with a child is often compromised. Kim added, “Some parents don’t know what they don’t know.” Reading with your child stimulates from a knowledge base perspective and builds a stronger parental bond.” I have often thought with the absence of this bond; one can only assume there is a correlation as to why we see so many issues manifesting in today’s generations.
“Gary Cardillo with The Gary Cardillo Group of RE/MAX Harbor Realty Punta Gorda, FL has earned The Institute for Luxury Home Marketing’s Million Dollar GUILD™ recognition for experience, knowledge, and expertise in million-dollar and above residential properties.
I always look forward to this time of year, and believe it or not, it starts with Halloween. While each season brings us something different, I think the joy and anticipation of the holidays make this time of the year a little more special. It all begins with the fun on that ghoulish Halloween evening where we enjoy watching kids dress up as their favorite characters, filling their bags with candy as they “trick or treat” their way around the neighborhood. I remember those days dressing up in costume myself, coming home with enough candy to feed a small country, much to my dentist’s delight. As I’ve grown older, that exuberance has evolved into a satisfaction I see in others having on this fun-filled evening.
While I’ve always wanted to savor each holiday to its fullest, like many, we were ready to usher in the holidays earlier this year so we could inject a little joy into our lives after the devastating effects of Hurricane Ian. While I think most of us experienced less impact from this storm than we did from Hurricane Charley 18 years ago, it does make you stop and take stock of what is essential in life.
I recently had the opportunity again to be part of a unique team of volunteers assembled by Punta Gorda Police Officer Joe Angelini that hosted 51 foster families and 144 foster children to a holiday luncheon. This touching holiday event started seven years ago, a year after Joe became a resource officer at Sally Jones Elementary School. Always having had a special place in his heart for children, Joe recounts how the school principal asked him if he would take a little first-grade boy named Lucas under his wing. Joe agreed that the department would put him back patrolling the streets the following year, which was part of his service to the community he enjoyed. Little did Joe know the impact this child would have on him.
While we reminisced what it was like growing up and coming down Christmas morning to see the brightly colored presents Santa brought us the night before, Joe felt an emotional tug at his heart. He saw how the holidays often accentuated the transient hand these children were dealt. Despite the best efforts, these foster families were trying to provide the love and stability the children lacked. Joe felt these families and children needed more than a holiday lunch. They needed something where memories were made. He met with Pastor Tim Buck of First Methodist Church in Punta Gorda, now New Life Church, along with various community leaders and restauranteurs, and the groundwork was established. Hearing what Joe was planning, an elderly lady in the community anonymously provided presents for each one of the children. Joe confided, “She provided, and the Christmas Elves wrapped.”
Over these seven years, this 14-year Veteran of the Punta Gorda Police force has created an event to remember. The buffet-style luncheon is more like a feast with fresh roasted turkey and enough side dishes and desserts to feed an army. The food is delivered to the homeless shelter if anything is left over. After lunch, the children are treated to take part in a photo booth, a cookie decorating station, and one where they can create their ice cream sundaes. Of course, what holiday event would be complete without a personal visit and picture with Santa? Local musicians play holiday music throughout the event in the background, along with various festive decorations and lighted Christmas trees. It is a beautiful setting to behold. However, the best is yet to come.
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.