punta gorda market trends Tag
May 2014 Market Update
We have compiled data for the Burnt Store & PGI/BSI market place for the first four months of 2014, which represents our peak selling season. The charts below demonstrate that unit sales have remained stable in comparison to the same period in the past couple years, allowing the market to gain strength and momentum.
While many market participants have been awaiting an uptick in prices after the extended 5 year slide down, we have not witnessed any significant price appreciation in the markets we service. We do remain optimistic that the continued demand for housing in the greater Punta Gorda marketplace, coupled with shrinking supply will ultimately result in modest price increases in the 3rd & 4th quarter of this year.
New visitors to the area continue to share their winter horror stories about the harsh 2013-2014 winter season and are searching for a way to escape the potential punishment in upcoming years.
Below you will see that the biggest change in the market has been in land sales; most notably in Burnt Store Lakes & the Punta Gorda Isles market. This activity has in turn fueled a continued increase in building permits issued and new housing starts, as substantiated by a couple of our local custom home builders.
Click the link below to open a PDF containing Market Trends Charts.