Current Port Charlotte housing market Aug, 2012

The Port Charlotte decrease of inventory was significant from July to August with an 8% drop in the number of homes. The median list price in August for single family homes in Port Charlotte is 147,146 as of today. The list prices increased by 4.26% from the previous month.

What this means to me is that the market is without a doubt starting to turn or has turned and the inventory is certainly shrinking as a whole.

I am sure many of you investors or home buyers looking into foreclosures have become very frustrated as of recent. Seems like the banks have things figured out and they actually have for a while now. I tend to think that they price some of the foreclosures low to entice a auction/bidding war scenario and actually get more than they would had they listed it correctly in the first place.  One thing about it, if you see a foreclosure come on the market and it is a good deal, you had better jump on it because in just a couple of days it very well may have a dozen offers on it. Although there are some phenomenal  deals in the foreclosure area, many buyers tend to steer toward the regular sale so as to avoid the stress of a multiple offer situation on the home of their dreams.

 

The median single family home price as of August 10 2012 for Port Charlotte, FL is $147,146. 

Median Price of homes in Port Charlotte, FL. Measured on August 10 2012.

Moveto

Blogs by Hammerhead Realty Group:

Eastern Diamond Back Rattle Snake, Its Whats For Dinner

Freedom Swim

SHARK FISHING THE HARBOR

Sailing the Charlotte Harbor

.Why Hire a Seller’s Agent?

Gross Rent Multiplier

Another day in South West Florida