Charlotte County Real Estate | Market Statistics for Everyone
The third quarter of 2011 is officially over and that means it’s time to take a look at how the Charlotte County real estate market fared last quarter and what that means for future Charlotte County home buyers and sellers.
Charlotte County Real Estate Ideal for the First Time Home Buyer
In the third quarter of 2011, the Charlotte County real estate market demonstrated a 5% decrease in median sold price but a 3% increase in total number of homes sold when compared to the third quarter of 2010.
What does this mean for a first time home buyer of Charlotte County homes for sale?
Charlotte County real estate prices are down making Charlotte County homes for sale more affordable than ever for the first time home buyer. However, Charlotte County real estate is still selling and in fact many properties are moving quickly with 28.9% of Charlotte County homes sold last quarter going under contract within 0 to 30 days of being on the market!
Another major benefit of Charlotte County homes for sale to the first time home buyer is the abundance of affordable Charlotte County homes. The most popular price range for Charlotte County homes for sale last quarter was $50,000 to $99,999 with 30% of the Charlotte County homes sold last quarter falling into that price range – an often ideal price range for the first time home buyer.
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Increase in Sales Amongst Charlotte County Luxury Homes
Although the median sale price of Charlotte County real estate may have decreased, the average sale price last quarter actually increased 4% compared to the third quarter of 2010.
This increase in the average sale price is clearly due to an increase in sales amongst Charlotte County Luxury Homes. Last quarter five Charlotte County luxury homes sold for over $1,000,000 – compared to two during the same period last year. In addition 20 Charlotte County homes for sale sold for over $500,000 – up from 17 Charlotte County luxury homes last year!
And one last intriguing tidbit regarding the current Charlotte County luxury homes market : the highest sale price of Charlotte County luxury homes was $2,635,000 last quarter. This is more than double the highest sale price of $1,200,000 for the third quarter of 2010.