July 2018 Newsletter









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The Sun Is Out And The Market Is Sizzlin’!

  

Real Estate Update
Courtesy of Jennifer Calenda, PA

Summer is off to a great start here in Punta Gorda!

A 44% increase in unit sales was reported in Burnt Store Marina for the period 6/1/18-7/15/18, versus the same period last year.  A 30% increase was reported for  single family homes put under contract in Punta Gorda Isles/ Burnt Store Isles for the same period versus last year. As one would expect, we have experienced a corresponding increase in property showings and phone inquires in comparison to prior summers. 
We think some Buyers are here trying to lock into the current interest rates before they creep above 5%.
Many properties have been selling somewhat faster this year, which has encouraged more sellers to list their property “off season
”.
We are however, expecting that buying activity will fall off some in August and September, (as it typically does) and will pick back up in October.
New housing starts continue to grow throughout our region with more and more house land packages approaching the high six figure range.

 

Watch Jennifer’s Market Update Video!

Are you prepared for Hurricane season?
June 1 marked the beginning of the 2018 hurricane season here in SW Florida. While we have almost two months behind us, we still have a couple months of possible storms ahead. On September 10, 2017, Hurricane Irma made landfall in South Florida, and I was surprised to discover how many people were unsure what to do. Here is some information to help you prepare… Read More

Mortgage Update
 

Current mortgage rates and Quarter One House Price Index. Find out the latest in the mortgage world from Nathan Davis.
 

Good News For Burnt Store Marina!
Safe Harbor Marinas (the owner of Burnt Store Marina since January 2017), has partnered with the second largest privately-held company in the U.S.- Koch Industries. We believe this means gives greater stability and future improvements to SW Florida’s largest deep water marina!
Read more about the partnership here.


Our Favorite Summer Video
 

Pool connoisseur and Instagram famous Albus makes a splash in some of southwest Florida’s most luxurious pools!
 

Seawall Update

Marine Contracting Group continues to work on damaged seawalls in the Harborwalk area and Punta Gorda Isles. Work is scheduled to begin in sections of Burnt Store Isles on Oct 1, 2018. For the full update from the city, or to find out what zone you are in, CLICK HERE.
 

Local Entertainment
Tom and I enjoyed listening to one of our favorite local entertainers, Mike Hirst, at Scotty’s last Sunday. Be sure to check out Mike’s website to see where he is playing next.

Giving Back To Our Community
 

Giving back to the community has been a priority at Michael Saunders & Company for over four decades. The company founded The MSC Foundation in 2011 – with a mission to improve lives in the communities we serve by providing funds to organizations that offer shelter, sustenance, education and path to self-sufficiency. This month we had the privilege of presenting a grant to Crossroads Hope Academy, a local organization providing a home and education to foster boys who have had multiple failed placements in the foster care system. Click Here to learn more  about this wonderful organization!

Jennifer Calenda, PA
Broker-Associate, MBA

Questions about the market?
Contact me! I’d love to hear from you!

941-916-0798
jencalenda@comcast.net

Thanks for reading our July newsletter! We are wishing you and your family a fun filled summer!
If someone else sent you this email and you would like to subscribe to our monthly newsletter, CLICK HERE. We would love to include you!

Copyright © 2018 Jennifer Calenda, PA, All rights reserved.

Our mailing address is:
Michael Saunders & Company
16480 Burnt Store Rd., Ste. 102
Punta Gorda, FL 33955

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