Market update Tag

 

Huge Parcel Sold Near Tucker’s Grade!

26.04.2017 in Area News, Market Update, Uncategorized

There was an exciting article in today’s Charlotte Sun. We have been waiting for new development near I-75 for a long time. Joe Boff, the developer of Lely in Naples, among other communities, is making a proposal for what will be a real boon for Charlotte County. Of course, it will take a couple years to get this started as the infrastructure is put into place. We will stay tuned to this project.

 

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Baby boomers chart new direction in housing

24.08.2016 in Market Update, Uncategorized

punta gorda golfNEW YORK – Aug. 22, 2016 – Economists are having a tough time figuring out what housing market moves baby boomers will make next. Americans over the age of 55 are veering from previous generations, opting not to retire but instead launching second or even third careers. They are shunning the traditional patterns of retirement, and that could have a big impact on their housing choices, according to a Freddie Mac Insight report.

Baby boomers are a critical piece to the housing market puzzle. Americans over the age of 55 make up a quarter of the population and control about two-thirds of the single-family home equity in the nation. Sixty-five-year olds who, on average purchased a home 35 years ago now tend to have a home value that is likely 3.7 times the purchase price.

Nearly a quarter of baby boomers recently surveyed by Freddie Mac say they need major renovations in their current home in order to stay there as they age – and many say they face financial constraints to take on those remodels. And some of the baby boomers may be underestimating the financial costs of outfitting their home with age-in-place features, says Sean Becketti, Freddie Mac’s chief economist.

As a result, about 18 million homeowners over the age of 55 may be shopping for another house in the next few years, according to the Insights Report.

Unlike earlier generations, however, baby boomers’ main reasons to move aren’t due to downsizing. Instead, the survey showed the key influences making these generations move are: Affordability of the community, the need for retirement amenities and a home with less maintenance.

Bottom line, the authors note: The 55-plus population is likely to be an active part of the housing economy for years to come still.

Source: “Boomers Ignoring Conventional Housing Wisdom,” Mortgage News Daily (July 19, 2016)

© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688

 

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2015 Burnt Store Marina Sales

08.02.2016 in Area News, Market Update
Burnt Store Marina--a wonderful community

Burnt Store Marina–a wonderful community

 

 

Wondering what properties sold for in Burnt Store Marina in 2015?  Check out our detailed spreadsheet of all properties sold. Scroll through to find the neighborhood you are looking for and be sure to take note of all of the transactions handled by Michael Saunders & Company.  If you are thinking of buying or selling, let Jennifer Calenda assist you in getting your arms around the current market conditions and help you make an educated investment.

 

 

 

 

P1 CMarina Sales-1P2 CMarina SalesP3C Marina SalesP4 CMarina SalesP5 CMarina Sales-1P6C Marina Sales

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