North Port, FL Real Estate News

By Aventura | Bal Harbour | Sunny Isles Beach | REALTOR® 786-229-7999
(SIB REALTY, Llc // WaterWayRealty.com)
Warm Mineral Springs, Florida • Believing Florida was an island, Ponde de Leon tried to sail around it, going south to what is now Key West, up the west coast of Florida, then south again on April 8, 1513. The oceanic currents of the “Gulf Stream” would become very important for future Spanish trips from Europe to America. On the return trip, a fight broke out between Ponce de Leon's men and Native Americans in southern Florida. They sailed to Cuba, then headed north, again trying to find Bimini (but instead, finding Andros Island). After returning to Puerto Rico in September, 1513, Ponce de Leon resumed fighting with the Native Americans (putting down their rebellions against Spanish rule). He returned to Spain and was named a Captain General by the King of Spain on September 27, 1514...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
Can it be Christmas? The weather has been in the 80's and dry for weeks. All my windows are open since we don't even need AC or heat right now. Come on down! There's plenty of sunshine for everyone. WATERFRONT PROPERTY One of the defining characteristics of this area is water--- fresh water lakes, rivers and canals plus saltwater canals, intracoastal and the Gulf. Two major rivers, the Peace River and the Myakka River, flow through this area into Charlotte Harbor as do all the little canals. With prices down, we're seeing a renewed interest in all waterfront property. Sailboat access to the Gulf is possible in the $150's. Locally, the bridge heights run about 45 ft. so sailors need to be on the Gulf side of the bridges if they have a tall mast or a deep draft. Allow three to four feet f...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
 Roxanne and Shannon MooreOctober Market ReportPICKING UP DEALSWe have lots of buyers in all price ranges at this time, but we hear the same phrase over and over. "I want a really good deal." Buyers want to tell their friends they snatched a bargain. One of our customers bought a $400,000 home for $220,000. Two buyers want sailboat access since that is a really good investment at this time. A couple of first-time homebuyers are looking in the $100,000-$135,000 range. One family needs four real bedrooms (not a converted garage), preferably in a 2-story for under $175,000. A couple we are taking out this weekend wants 2000sf under air with all the upgrades they can get for under $200,000. Last weekend we had a buyer trying to decide whether to build on a double lot (offered at $50,000 but...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
September NewsletterIt seems that every time we think the market has hit bottom, it drops more. No one seems to really know exactly where we are in the cycle. Some say we have another two years before prices climb. Others feel we are there now.  Do sellers take a big loss now or a small loss month by month by renting for less than expenses?Judging by the number of foreclosure and short sale properties on the market, it looks like we still haven't started to climb. More and more properties are coming up as short sales.In our own situation, we work closely with a loan mitigator in short sales, and one of the banks' conditions is that a property be listed. This shows that you are actively trying to market the listing. The mitigator works with a customer to get the hardship letter and all t...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
August, 2007 Market ReportNorth Port bustling with commercial activity, home prices dropping, foreclosures upIt comes as no surprise that the average selling price has been slowly dropping since the first of the year. Even though Adams Homes and Centex, two of the larger builders, are nearing the end of inventory homes, the market is under intense pressure from foreclosures. Listed price of pre-foreclosure properties is often below what they actually sell for, but this is attracting buyers into the market. Today's paper says "Of the 190 foreclosures in this region, 100 were in Sarasota County"likely concentrated in struggling North Port . . ."  Sarasota County jumped from #16 to #12 in the highest per capita foreclosure activity in the state.Some months do have more days, but there is s...
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By Linda Reynolds, Bradenton Real Estate
(Bradenton Real Estate - Linda Reynolds)
 Come build your dream home on this lot in North Port.  So close to the water, how can you go wrong?  This one is priced to sell so it won't last long. Terrific location only one block from the waterway section #87 lot 22 of South Gulf Cove. Community boat ramp, close to beaches, golf and shopping. Great place to invest or build.Listed at $64,900For more information visit www.ReynoldsRealty.com
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By Linda Reynolds, Bradenton Real Estate
(Bradenton Real Estate - Linda Reynolds)
 Sellers are relocating out of state & wish they could take this beautiful home with them. Over 1600 sq ft under air. Ceramic Tile in wet areas, wood laminate floors in living room, dining room & family room. Open floor plan w/vaulted ceilings. Wood cabinets in bathrooms & kitchen. Dual sinks in master bath w/garden tub & separate shower. Screened lanai w/room to add a pool. NO Deed restrictions! For more information visit www.ReynoldsRealty.com
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By Bruce Henry, Call Us & Start Packing!
(Berkshire Hathaway HomeServices Florida Realty)
I just listed two short sales and I'm trying to understand how investors view short sales.  Does anyone know of anyone who has self-directed IRA's or investors and is looking for some investments in North Port Florida?  I get the impression that everyone's waiting for the media to tell them we're at the bottom and not willing to act to the inventory. Anyone else having difficulty creating interest in short sales?
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By Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor
(Charles Rutenberg Realty)
If you happen to be in southern Sarasota County and looking for a really great place to eat at reasonable prices, try The Rice House located at 14287 Tamiami Trail (in the Winn Dixie shopping center just north of North Port Blvd). They are open seven days a week and also deliver locally! I have always loved both Chinese and Thai food but was totally surprised to find this little gem located in North Port! They serve both Chinese and Thai dishes and everything is always made fresh! They have the most delicious hot and spicy soup and crunchy egg rolls made fresh daily!!! They are open from 11 am until 10 pm (Sundays they open at noon)! Once you try this place you will return again and again!!!
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
January 2007-55 homes sold, $11,415,369 worth of property-average selling price, $207,552. February 2007-78 homes sold, $15,707,992 worth of property-average selling price, $201,384.March 2007-72 homes sold, $13,578,209 worth of property-average selling price, $188,586.   April 2007-73 homes sold, $14,699,737 worth of property-average selling price, $201,366.   May 2007-66 homes sold, $12,494,859 worth of property-average selling price, $189,316.   June 2007-58 homes sold, $10,581,652 worth of property-average selling price, $182,442.   July 2007-56 homes sold, $10,394,540 worth of property- average selling price, $185,616.   So far in August-18 homes have sold- $3,174,300 worth of property-average selling price, $176,350.     Note: amount of homes sold on the monthly market reports my ...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
Buyers are now sensing that now really IS the time to buy. Pendings and solds increased slightly last month with most of the activity in the under $200,000 range, but it is still not a significant upturn.Some builders think the answer is to build smaller homes in the under $200,000 price range. However, most of our buyers really want MORE square footage even if there are only two people. Families tend to include parents living with them, young adults who cannot afford their own home yet and many guests who visit for weeks, sometimes months. We predict a trend to larger homes with more people living in them. Our last four buyers have actually wanted a newer 4 bedroom home under $250,000 and with lots of space. Due to the large number of investor and builder spec homes, many are getting a...
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By Billnulls Blog Florida Realty Professional, AHWD
(Charles Rutenberg Realty)
The city of North Port welcomes you to Southwest Florida. Located between the Myakka and Peace Rivers in south Sarasota County, North Port is a rapidly growing community with A+ schools. There are many things for the young family to do, including a Skate Park for the young, a beautiful new public library, sports facilities and several fantastic golf courses!North Port is close enough to the Gulf of Mexico to enjoy all of the water sports and beaches. This area offers families beautiful new homes at reasonable prices! We are centrally located between Ft. Myers and Sarasota! Stop by and check the area out! We would love to help you find that dream home!!!
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
June 2007-North Port Florida Market ReportFor Sale There are 1552 properties for sale in North Port, Florida in the MLS. The number of available properties is down by 42 from last month. 537 of the active listings are brand new, 2006-2007. This number has decreased by 21 properties since last month.PendingIn the past 30 days June 1-30, 63 properties went pending. 18 of the pending listings are brand new, built in 2006-2007. 4 more properties went pending this month than last month.Looking at the pending properties, 10 have a listing price of -$150,000 or less. 30 of the pending properties have a listing price of between $150,001-$200,000.8 of the pending properties have a listing price of between $200,001-$225,000.5 of the pending properties have a listing price of between $225,001-$250...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
It is a great time to buy. There is a tremendous selection. Sellers are willing to negotiate, and interest rates are still low. The North Port inventory seems to be holding fairly steady.  Now that the prices have dropped significantly, more and more buyers are realizing that this is the bottom of the market. We personally have been very busy with buyers. With so many choices, the buyers are thoroughly searching for the bargains. All our buyers are willing to spend more until they come here and find out they can spend less for what they want. The re-sellers are having a difficult time competing with the builders' incentives on new homes right now. Builders want to move that inventory and get on to building homes so many are even using the services of real estate agents to unload invento...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
Local market beginning to climbApril 2007-- North Port Florida market reportFor SaleThere are 1593 properties for sale in North Port, Florida in the MLS. The number of available properties is down 55 from last month. 554 of the active listings are brand new 2006-2007. This number has increased by 4 properties since last month.PendingIn the past 30 days April 1-30, 61 properties went pending. 22 of the pending listings are brand new, built in 2006-2007.The exact same amount of new properties went pending this month as did last month.Looking at the pending properties, 12 have a listing price of $0-$150,000 or less. 25 of the pending properties have a listing price of between $150,001-$200,000.8 of the pending properties have a listing price of between $200,001-$225,000.8 of the pending pr...
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By Bruce Henry, Call Us & Start Packing!
(Berkshire Hathaway HomeServices Florida Realty)
Looking for an established Gated 27-hole Championship Golfing Community?  At the center of downtown North Port, over 700 homes are a prime location for North Port's growth.  There are several new(er) homes available for resale.  With a beautiful new clubhouse, resort pool, tennis courts and 24-hour workout facility you have plenty to keep you busy year round.  No CDD fees in Heron Creek and you can ride around to visit your neighbors in your golf cart.  Let me know if I can tell you more.  Your thoughts on Heron Creek?? For more information, search my website www.brucesellsnorthport.com
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
March 2007-- North Port Florida market report March 2007-- North Port Florida market reportFor SaleThere are 1648 properties for sale in North Port, Florida in the MLS. The number of available properties is down 26 from last month. 555 of the active listings are brand new 2006-2007. This number has also decreased by 16.PendingIn the past 31 days March. 1-31, 69 properties went pending. 22 of the pending listings are brand new, built in 2006-2007. This month 9 more properties went pending but we also had 3 more days than in February. So it looks like thing are finally holding steady.Looking at the pending properties, 18 have a listing price of $0-$150,000 or less. 26 of the pending properties have a listing price of between $150,001-$200,000.7 of the pending properties have a listing pri...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
Yesterday I got a call from the local newspaper regarding the local tree ordinance. The ordinance that the People for Trees, Inc is trying to pass reads that 80 percent of the tree canopy must be left on the lot. Right now builders just clear cut the lot when a home is built and plant three oak trees that usually die before the home is sold. My opinion is that both sides are being unreasonable. I don't want North Port to be like a desert with no trees and a few houses sprinkled throughout. But I also don't think that charging builders $100 per inch of each tree they have to cut down, is the answer either. I think there needs to be a happy medium with the ordinance. The builders are also saying that if they leave trees on the lots it could be a fire hazard. Most lots in North Port are 80...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
For SaleThere are 1668 properties for sale in North Port, Florida in the MLS. 586 of the active listings are brand new 2006-2007.PendingIn the past 30 days Jan. 1-31, 66 properties went pending. 20 of the pending listings are brand new, built in 2006-2007.Looking at the pending properties 36 of the properties have a listing price of $200,000 or less. 24 of the pending properties have a listing price of between $200,000-$300,000. 6 properties have a listing price of $300,000 or more. SoldUsing the same time frame, 50 properties closed. 17 of the sold listings were brand new, built in 2006-2007.Of those 50 properties that closed 26 properties closed under $200,000. 20 properties were $200,000-$300,000. 5 properties were over $300,000.For more information on the North Port, Florida area co...
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By Shannon Moore, Realtor, Sarasota & Charlotte
(Green Lion Realty)
Over the past few weeks my partner and I have acquired several new listings not because we came in with the highest listing price but because we were honest with the sellers. One example is a home we listed just yesterday. The seller (who was a referral to us from another agent) contacted several local agents for CMA's, us included. We gave them a CMA, it was around $40,000 less than some of the other agents CMA's. So, we get a call a few days after they received our CMA thanking us for our time and telling us that they had decided to go with an agent that had sold many of the same kind of home and would list it for $40,000 more than our CMA recommended. This seller was by the way "in dire need of selling." We chatted for a few minutes and after I  hung up with him I put the home on my ...
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