Punta Gorda is Changing Before Our Eyes07 Aug 2016, by Uncategorized in
The greater Punta Gorda area is certainly changing.
This week Frontier airlines announced new service out of Punta Gorda Airport. In October they will begin offering flights to Punta Gorda with service in and out of Chicago, Philadelphia and Trenton, NJ.
My visit to the Burnt Store Publix (next to the Home Depot) on Saturday impressed upon me that our market is, in fact, changing before our eyes. This was the first time in 18 years that I had to park ten rows back in July versus being one of the only cars in the lot. Punta Gorda is officially on the map and there is no turning back!
The canal homes in Punta Gorda Isles and Burnt Store Isles saw a 50% increase in unit sales in July 2016 over July 2015, while the sale of condos in this market segment increased modestly. The increase in the “average selling price” also increased by nearly 15% during this timeframe for single family canal homes.
On the other hand, sales in Burnt Store Marina and Burnt Store Lakes were relatively flat. The average price of homes that sold went up (largely due to selling more higher priced properties). With interest rates remaining low, and the overall housing inventory remaining low, we are expecting a vibrant fall selling season.
In addition to our summer marketing initiatives, we are gearing up for fall when we will be pursuing more target marketing to past visitors to our area.