Charlotte County home prices slip in May while some areas retained strength

Author: Nancy Semon, Gulfshore Business
Published: Updated:
Credit: The Nix Team at Coldwell Banker Sunstar Realty

Single-family homes for sale in Charlotte County experienced more price reductions in May, while in some areas selling prices remained steady. Meanwhile, condominium and townhome prices decreased amid rising HOAs based on assessments from hurricane damage coupled with an inventory buildup. 

Selling prices remained strong in Punta Gorda Isles and Burnt Store Isles, said Leanne Walker, president of Realtors of Punta Gorda-Port Charlotte-North Port-DeSoto Inc. 

“PGI and BSI have not been seeing price reductions,” she said. “I think the time of the year and rates, as well as the economy, are making everyone pause.” 

She cited inflation, including the price of groceries and day-to-day living, as a factor making would-be buyers cautious. 

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