Real Estate Buyers and Investors Flock to Port Charlotte and Englewood, Florida

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 26, 2012 -- Port Charlotte and Englewood, Florida
“Real estate buyers are coming out of the woodwork in Port Charlotte and Englewood, FL. "We are seeing many homes sell for full asking price, and in some instances above the ask. Multiple offers and small biding wars are not uncommon." According to Paul Forsberg, Broker of HG Real Estate Services.

“Buyers and investors are coming out of the woodwork!
• They are buying vacant lots
• They are buying homes
• They are buying condos!
• They are looking to build!

The long awaited Baby-Boomer migration is happening! They are moving their money out of the banks and Wall Street and they are buying SW Florida Real Estate!” said Paul

According to statistics from MFRMLS (the local Multiple Listing service), there were 129 more pending contracts written on real estate in January 2012 than the same month last year. This is a 27% INCREASE in pending home sales.

Paul Forsberg, Broker of HG Real Estate Services says, "This year is definitely different than last. "We are seeing many homes sell for full asking price, and in some instances above the ask. Multiple offers and small biding wars are not uncommon. Vacant Lots are flying off the shelves, and we have many, people looking to build homes.”

He went on to day, “At this very moment I am working with a developer from PA, an investor from NY, and an investment group from Europe. All three are seriously looking to invest and develop in the Cape Haze area.

New Home construction prices range in the $75 to $120 sf range. Depending on the size and amenities.

Charlotte County Florida is enjoying a robust real estate market.

• Inventory of homes for sale is down, creating more demand.
• Days on Market are shorter
• Listing price to sales price spreads are narrowing

Three indications of a robust real estate market.

For more information, charts, graphs, comments and more of the SW Florida real estate market, visit Pauls blogs at http://CapeHazeCourant.com and http://www.TheLotGuy.com