What's New in Punta Gorda?

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800-788-1203-O 
941-637-6116-O
941-457-1041-Cell
 
Lise Johnson
       

Five Star
Realty
 
Your Hometown Realtor
 


AUGUST  2011
 
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Hello! 

I don't know about you but I have had enough bad economic news to last me awhile! However on a positive note, Punta Gorda was listed  #19 on a list of 26 "recession'resistant" areas by Forbes magazine this month! You can check out the link here. There were property price  increases in both the 1st and 2nd quarter.

If you need any area or real estate information, please give me a call! 
 
Lise

July Statistics

Punta Gorda-Pt. Charlotte 
 
Below are numbers sold each month, and prices are average. 

                Total Units    Homes        Home Avg $       Condos      Condo  Avg $
                                          
July            254             211               $152,094              43              $117,728 

The total units sold  dropped about 12% from June however the average sales prices rose for the month of  July, by about $4000 for both homes and condos.. Four homes closed over $500,000 in July and three closed in the  $400,000 to $499,000 range .   

  

Preparing to Sell?

 

One of the most important things to remember if you are selling your home is that real estate is visual. Remember, less is more, so de-clutter.  Paint is a relatively inexpensive fix. Spruce up the landscaping so people will like what they see on the outside of the home. Put yourself in the place of a Buyer and take an objective look at your house. If an item is worn, not working , or in bad condition either fix or replace it before it is listed, as first impressions are lasting. The reason for this is that if an item  is  worn or in bad shape, for instance-carpeting, in the mind of a Buyer the cost to replace the item is always inflated quite a bit more than the actual cost. This inflated amount will usually be reflected in a lower offer on your property.

 

By doing these repairs first, you will not only increase the likelihood that your property will sell faster, as it will show better, but also get more money in your pocket as well.

Hurricane Tracking Website

 

First earthquakes, now hurricanes- what next? If you are interested in checking the location and status of hurricanes and tropical storms check out  this website-www.wunderground.com or click this link. There is a wealth of information here and alot of utility companies use this site. It is the season now for storms and they always have accurate information.

Record Lows for Interest Rates 

 

Interest rates hit record lows this month with a 30 year mortgage rate  averaging 4.15%.  The 15 year mortgage rate, which is the most popular for refinancing averaged 3.36%-its lowest  level  on record.Typically the mortgage rate is tied to the yield on the 10 year Treasury Bill rate.

Refinancing is accounting for 70 % of all mortgage activity nationwide.

Tax Tips for House Sellers 

 

The IRS has just posted tips on their website that will help you if  you are planning to sell your house now or some time in the future. While it's a  good idea to talk with a tax professional,  you can click here to see this information.  It discusses treatment of capital gains and losses that may
be incurred upon a house sale.
Laishley Park  Check out my Website!

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