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You are here: Home / Archives for remax harbor

Real Estate Update

May 22, 2023 by Gary Cardillo

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.

Filed Under: Buying Real Estate, Selling Real Estate Tagged With: charlotte county, charlotte county realtor, florida, gary cardillo, homes, news, real estate, realtor, remax harbor, swfl, update, waterfront

A Champion for the Children

May 9, 2023 by Gary Cardillo

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.

I share Kim’s love for the children in our community as; for years; we were very involved in our son’s academic and athletic endeavors. I’m not sure who benefitted more from coaching our son’s teams and working on many school projects with him. To experience the confidence he developed academically and athletically was rewarding. Still, the enjoyment and personal satisfaction I had helping other children gain the same confidence when they weren’t seeing it in themselves was priceless.

Too many times, we sit in judgment of the child’s behavior rather than considering the cause. People like Kim take a different approach. She looks to the future and what these children need to be competitive. Through her involvement and mentorship, she helps foster initiatives and programs today that will pay dividends for the children in our community in the years to come. For anyone who has coached their child’s team, there were lessons gained that applied to everyday life. I saw children with discipline issues and a lack of confidence stemming from the lack of a supportive family blossom into individuals who entered a game or completed a school project with renewed confidence. It’s as if they just opened a gift, and to see the results of those early interactions years later is very rewarding.

We all have something that drives us. For some, it is personal betterment; for others, like Kim, it is investing in children to give them a more stable environment and a better chance for a bright future.

 

-Gary Cardillo

Filed Under: Community Information Tagged With: charlotte county, children, florida, FSBA, gary cardillo, kim amontree, real estate, remax harbor, school board, waterfront, youth

The Meaning of True Love

February 15, 2023 by Gary Cardillo

As Valentine’s Day is upon us, we think of it as celebrating the romance of couples in love. Men shower their wives or girlfriends with arrangements of red roses, a romantic dinner and cap it off with a heart-shaped box of chocolates. We reflect on the day we first met and celebrate our love. While I embrace that tradition, I’ve learned that “True Love” isn’t reserved just for couples in love.

One of the sweetest love stories I’ve ever known is not of a husband and wife but of a mother and daughter, and the love they share goes well beyond their bond. Anyone who has met Nanette Leonard and her mother, Adeline Seakwood, knows of their lasting contributions and passion to their chosen professions, community, and friends. Volumes have been written about their storied careers in the entertainment industry, and for someone who just celebrated her 100th birthday, Adeline’s life is nothing short of remarkable. Born in Brooklyn in 1923, she was enamored with New York City’s entertainment industry. Starting as a John Robert Powers model, she went on to appear in several films before taking on the highly skilled position as a production secretary, a title she later had the industry change to “Production Office Coordinator.” The production office was the “brain” that organized a film’s necessary functions. Adeline handled budgets, production schedules, transportation, locations, permits, equipment rentals, billing, getting catered food on set, and communicating with crew members and the actors. From her appearance in Alfred Hitchcock’s “North by Northwest,” Adeline worked on numerous TV shows that, included “Naked City,” “The Patty Duke Show,” and “The Defenders.”

She also worked on major motion pictures where she rubbed shoulders with Paul Newman, Christopher Reeve, Michael J. Fox, Farrah Fawcett, Burt Reynolds, and Peter Falk of Colombo fame. She recounts a story of a last-minute script change on the last day of shooting of “Three Days of the Condor,” starring Robert Redford. While Adeline’s role was typically off-camera and behind the scenes, she rushed to the movie set that was in Manhattan to deliver the revised pages. Spectators who were cordoned off behind the ropes wanted to know who the woman was that was delivering the script to Robert Redford, who then picked her up and kissed her. Without missing a beat, Adeline said, “that’s how rumors start.”

In 2016 I had the pleasure of interviewing Nanette Leonard, Adeline’s daughter. Like her mother, Nanette is not comfortable having the spotlight shine on her. I think it’s safe to say you would have an easier time getting the combination to Fort Knox than you can get Nanette to talk about her extraordinary life. Growing up in Stuyvesant Town in New York City, Nanette was exposed to the vibe of big city life and the culture that went along with it. She developed an appreciation for music and the arts at a young age by taking guitar and piano lessons, even writing half a dozen songs. With a smile, she added, “There wasn’t any way I could ever quit my day job.” However, like her mother, the entertainment industry was in her blood.

Nan an experienced public relations/marketing professional and producer with over 40 years in the entertainment industry began her career at Allied Artists Pictures, serving as Publicity Manager, working on PR campaigns for Academy Award-winning films that included, “Cabaret,” “The Man Who Would Be King,” and “Papillon.” At United Artists, Nan served as East Coast Director of Publicity, mounting PR campaigns on such films as “Raging Bull,” the Bond films, “The French Lieutenant’s Woman,” starring Meryl Streep, and has worked with Steve Guttenberg, Marvin Hamlisch, Alan King, Jay Leno, and Redbook Magazine. In the 80s, Nan became Senior Vice President at Solters/Roskin/Friedman, one of the largest entertainment PR firms, where she represented Whoopi Goldberg and helped launch her career. Also included in a long list of celebrities Nan represented are Dolly Parton, Gregory Peck, Frances Ruffelle (“Les Miserables”), and Anthony Crivello (Kiss of the Spider Woman). In 1992, Nanette opened her agency, “Nanette Leonard Public Relations,” servicing a diverse clientele that included two-time Tony Award-winning actress Judith Ivey, Tony Award winner Anthony Crivello, international television personality, journalist, and author, Cristina Saralegui, Michael Uslan (Executive Producer of all the Batman films) and a host of organizations that reads like a “Who’s Who.”

One would think with just a fraction of their impressive resumes I’m sharing, Adeline and Nanette would find contentment reminiscing on their extraordinary past. However, those experiences have provided a foundation for the care and service they continue to give their community and the lives they touch. Unlike the typical daughter taking care of a mother relationship; this is more like George Burns and Gracie Allen; comedian and straight man, with Adeline being the comedian. As I entered their home, I was taken aback by the hundreds of cards, flowers, and balloons from Adeline’s recent 100th birthday celebration. Among all the gifts and early Valentine’s Day decorations was a signed picture from Robert Redford, congratulating Adeline on her special day. Sensing I was somewhat overwhelmed, Adeline grabbed my arm and, pointing to Nanette, said, “You know Nurse Radchet” (of “One Flew Over the Cuckoo’s Nest” fame), don’t you?” I couldn’t help but laugh, knowing this would be one of my most entertaining interviews. Adeline is as quick-witted as Nanette is humble. Each time Nanette would leave the room to answer one of the many calls she received, Adeline would proudly share Nan’s accomplishments and tell me how proud she is of all her achievements and how much she appreciates all Nan does for her. She said, “She’s added ten years to my life.” I would venture to say, “Much more.”

I recall the movie “The Curious Case of Benjamin Button,” where a man played by Brad Pitt starts aging backward. As each year passes, he gets progressively younger-looking. Adeline and Nanette would be a real-life version of this movie. As long as I’ve known them, they look younger with each passing day. Adeline shared with me a previous interview she did where the radio host asked, “Your complexion is so good; what do you use?” The story goes she looked at Nanette, “who looked back in horror and gave her a “NO, Don’t say it,” signal, and said, “I was going to say because I use Preparation H, a standard application in the modeling industry, but so as not to embarrass Nanette I said, “Dove Soap.” Alfred Hitchcock, too, was mesmerized by her beauty during the filming “North by Northwest,” and said she was “too pretty” to put into a street scene as an extra and put her in an elevator scene behind Cary Grant. On the first take, Grant stood in front of her so she couldn’t be seen. As filming paused, without missing a beat, Adeline whispered in Grant’s ear, “My mother would never forgive you.”

You would think with backgrounds like theirs, they would have been attracted to a larger city, but Adeline’s husband, who was the love of her life she lost in 2016, said he needed the warm weather. Adeline shared, “The first thing I ever said to him after being married was, “One place I never want to live is Florida.” When he asked why, she said, “Your hair comes down the minute you walk out the door, and your makeup falls off.” She still feels his loss and says he would often tell her, “God outdid himself when he created you,” and “I won the lottery in life the day I met you.” Adeline said their marriage was idyllic, and together wrote 25 love songs about their relationship.

For Nanette, the move to Punta Gorda was an act of love. Having lived in Middletown, New Jersey, for 34 years, Nan was not only relocating her business but leaving friends and organizations she had supported for years. Affectionately she added, “It’s a circle of life. My parents took care of me; it was my time to take care of them.” Nan continued, “My stepdad would often say, “My blood may not run through your veins, but my love does.” For Nan, the move was a leap of faith. “I didn’t know what I was going to do,” but she committed to herself that she would recreate the type of life she had in New Jersey in Punta Gorda. Some people take a lifetime to leave a lasting impression on their community and friends; for Adeline and Nanette, very few organizations haven’t benefitted from their love and commitment. For 30 years, Adeline has been a Punta Gorda Civic Association member and is known to all as the “Sunshine Lady.” While the role was considered an Ambassador of sorts welcoming new members, she expanded the role to offer solace and encouragement to the ill and bereaved. Adeline said, “I always write notes to people, letting people know there is someone who cares about them. She continued, “From the moment I moved to Punta Gorda 30 years ago, I wanted to give back to my community, and I’m always forming groups.” She recounted a group of women she formed where one came and said, “I miss my mother,” Without hesitation, I said, “You could have me as Mom #2.”

The woman threw her arms around Adeline and said, “Would you?” that is how it started and grew from there. Some collect jewelry, antiques, and autograph pictures; I collect friends.” On the other hand, Nan champions more causes in the community than you can imagine. She has a soft heart for animals and is on the board of directors with the Welfare League. Aside from her countless hours of community service, Nanette created her organization called “Fresh Jersey Tomatoes (FJT). What started as a few ladies from New Jersey who met at a restaurant reminiscing about their lives back home now boasts over 350 members. Now in its 8th year, FJT’s has collected toys to benefit Charlotte Behavioral Health Care, and filled a 58-foot trailer with supplies sent to Ukraine to help those suffering in their war-torn nation.

In 2015 Nan brought a short film festival to Charlotte County and the Punta Gorda Short Film Festival was born. Along with her business partner, Doug LeClaire, director and creator of Asbury Shorts/USA (New York City’s longest-running concert of award-winning short films), it is as a celebration of the World’s Best Short Films.”

Adeline and Nanette share their unique backgrounds and commitment to serving others continually and feel Punta Gorda is the “smallest city with the biggest heart.” Yet despite their ongoing community involvement, they savor their moments together. They leave loving notes for each other and end each day watching a rerun together of “Everyone Loves Raymond. As they turn out the lights of another productive day, they each make the shape of a heart with their hands and finish by saying, “I love you.” Then out of the darkness, a voice replies, “I love you more.”

In today’s age, where tradition, compassion, and service to others are often missing, I was honored to be invited into a home filled with so much love and embodied an aura of a sweeter, kinder, and gentler era. As I was leaving, Nanette shared with me the video tribute of her mother’s 100-year celebration. I was surprised to find out what an accomplished pianist she is. While Nanette plays the guitar, both play by ear, and similar to the Beatles, neither can read music, which confirms my belief music comes from the soul.

I often consider how blessed I was to have grown up in a loving family and, for the past 34 years, have had an equally loving marriage. As I got back into my car, I couldn’t help but feel the contagiousness of the love story Adeline and Nanette shared with me. After losing my mother and mother-in-law, it was very gratifying to know I walked away having been adopted by another “Mom” as well.

-Gary Cardillo

Filed Under: Community Information Tagged With: adeline seakwood, florida real estate, gary cardillo, meaning of true love, nanette leonard, newsletter, remax harbor

Thanks…..Giving

December 14, 2022 by Gary Cardillo

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.

A few weeks later, we go from ghosts and goblins to pilgrims and turkeys. We welcome a season of thanksgiving and seem to rekindle more vital compassion for others. It is a time of year when our greatest joy comes from giving more than receiving. We seem to find inner peace in decorating our homes and listening to the season’s music, pausing to cherish each moment.

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.

At the principal’s request, she asked if Joe would make time to have lunch with this young boy to build a bond and see if he could find out the cause of Lucas’ deviant behavior. Joe said at first he was puzzled why a child this age would exhibit such an incidence of this kind of behavior, but as Lucas opened up to Joe, he shared how he had bounced back in forth between 10 foster homes in Lee in Charlotte Counties in one year. It was then Joe realized this boy needed more stability and a bit of a father figure and confidant. Joe started to take Lucas off campus to places like McDonald’s, where he could experience some of the pleasures children in a more normalized home setting enjoyed. Through their time together, Joe gained an intimate insight into how children in Lucas’ situation were starving for a permanent place they could call home.

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.”

Hearing of Joe’s love for these children, the Children’s Network of Florida has reached out to Joe with children and families in desperate need of holiday cheer that will carry them throughout the New Year. Joe told them, “If you know of a child in need, share that with us, and we’ll make sure their Christmas is a bit more special.”

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.

Upon leaving, each child receives 3-4 personal gifts to take home, and the foster parents receive a festive holiday bag with all the side dish staples and a gift certificate to Publix for a turkey that will feed up to a family of twelve for a beautiful Christmas dinner.

I’ve often wondered what gives us the most satisfaction in life and as I’ve grown older it isn’t the presents I’ve received, it is the joy of giving, and the look of surprise on someone’s face that gives me the most pleasure. As I walked around the sea of tables, clearing them so the church could set up for their service the following morning, a couple of the children asked if they could clear the tables with me. To see these little ones that weren’t more than ten years of age wearing adult disposable gloves and clearing the tables with me spoke volumes about how grateful they were. They had no idea how much they touched my heart.

As Joe and I sat together recapping the day’s events, he said, “Gary, I think about this event every day of the year and how we can make it better and touch the lives of more families and children.” I thought, “You didn’t just make their lives better; you made mine better as well.” I was given the opportunity to give, and to me, that was priceless.

As the holidays quickly approach, we want to send our best wishes to you and your family for all the happiness this season brings, and that not only will you be blessed in the New Year, but so will the lives of others whose lives you touch.

-Gary Cardillo

Filed Under: Community Information Tagged With: adoption, charlotte county, foster families, gary cardillo, holiday luncheon, joe angelini, real estate, remax agent, remax harbor, volunteer

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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    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.
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