Charlotte County prices rise over 25%, North Port 17%
Posted 07-01-2013 at 11:44 AM by StepHome941
337 single family homes changed hands in Charlotte County last month, at a median sales price of $145,750, compared to 340 homes sold in June of 2012, with a median price of $115,900, a price increase of over 25.7%, year over year.
There are currently 1581 active listings, with a median ask price of $228,975. This represents an inventory of 5.31 months, or a near balanced market between buyers and sellers. Of these active listings, there are 191 homes for sale for less than $100,000, and 236, or 15% of homes for sale at more than $500,000. There are also 76 homes with asking prices over 1 million dollars. 713 homes are listed as pending sales.
Of the active listings, only 14.1% are distressed sales (67 short sales, and 156 bank owned foreclosures).
In neighboring North Port, prices rose 17.3% year over year, from $97,000 in June, 2012, to $113,770 last month. The 358 active listings represent only 2.43 months of inventory - indicative of a seller's market. There are also 423 pending sales, with a median ask price of $114,900. Of the 358 active listings, 27.7% are distressed sales, with 34 short sales, and 65 bank owned properties.
The above report is provided as a courtesy to prospective home buyers and sellers by Stephen Schoenfeld, of Green Lion Realty.
There are currently 1581 active listings, with a median ask price of $228,975. This represents an inventory of 5.31 months, or a near balanced market between buyers and sellers. Of these active listings, there are 191 homes for sale for less than $100,000, and 236, or 15% of homes for sale at more than $500,000. There are also 76 homes with asking prices over 1 million dollars. 713 homes are listed as pending sales.
Of the active listings, only 14.1% are distressed sales (67 short sales, and 156 bank owned foreclosures).
In neighboring North Port, prices rose 17.3% year over year, from $97,000 in June, 2012, to $113,770 last month. The 358 active listings represent only 2.43 months of inventory - indicative of a seller's market. There are also 423 pending sales, with a median ask price of $114,900. Of the 358 active listings, 27.7% are distressed sales, with 34 short sales, and 65 bank owned properties.
The above report is provided as a courtesy to prospective home buyers and sellers by Stephen Schoenfeld, of Green Lion Realty.
Total Comments 1
Comments
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Thanks, that is very interesting. I have watched this market for 5 years now and the change is quite astounding.
Let us hope that we don't get a bubble, albeit at much lower prices than in the run-up to 2006.Posted 07-01-2013 at 03:25 PM by yellowsky
