Punta Gorda Florida Market Update
By Kevin Hughes, Punta Gorda Real Estate
(The Andreae Group at RE/MAX Harbor Realty)
The most common question that I hear from prospective buyers these days is, "Has the real estate market hit bottom yet?". That is a difficult question to answer because you can never tell when you're at the bottom. In fact, you won't know for sure until the market data shows that you have already started to rebound. At that point, for those trying to time the market, they have missed the bottom. What I can tell you is that our office has definitely noticed an increase in activity. I looked at our MLS data that shows year to date (1-1-08 thru 5-15-08) there have been 61 homes sold in Punta Gorda Isles. This compares to 45 sold in the same period last year. That's a 35.5% increase. Plus there are another 33 homes in PGI in pending (under contract, but not yet closed). The Charlot...
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