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Christian Panin's Blog

By Christian Panin | Agent in Venice, FL

Englewood, Florida Median Home Sale Price Up 49% From Jan. 2012 to Jan. 2013

Englewood, Florida is on the move! You may ask, “Where is Englewood?” Englewood is split between Charlotte and Sarasota Counties on Florida's Gulf Coast. It offers uncrowded beaches and outdoor activities. It stretches from the boundaries of South Venice and North Port in South Sarasota County to the Myakka River in Charlotte County. The Englewood area has been coined the “Gem of the Suncoast!” If you’re thinking it’s time to “Go Coastal” consider Englewood.  The median sold price appears to be on the rise, making it a great investment as well!

If you have questions on how median price is derived, refer to my previous post.

In January of 2012 a total of 73 homes were sold in Englewood. Of these 73 homes, 40 of them were single family homes. In the same month of 2013 a total of 73 homes were also sold. Of these 73 homes, 41 of them were single family.  Although, from one year to the next we have not seen an increase in the number of homes sold, when looking at the median sold price of these homes we see significant growth.

In January of 2012, when comparing all types of homes, we see that the median sqft of the 73 homes is 1,261. The median list price was $89,900, and the median sold price was $80,000. This indicates that properties were selling for approximately 89% of their listed price. Of these 73 homes, 40 of them were single family homes. Single family homes had a median size of 1,408, a median list price of $109,900, and a median sold price of $104,500. This reflects homes selling for approximately 95% of their list price, which is slightly higher than when comparing all home sales for this period.

 In 2013 of the same month, we see that the total of all homes sold remained at 73. The median sqft of these homes rose to 1,372, and the median list price climbed to $129,900, with the median sold price reaching $119,000. An almost 49% increase from the same period in 2012, with homes now selling at about 92% of their listed price. Of these 73 homes, 41 of them were single family. The median single family home got slightly larger, at 1,536 sqft. Its median list price of $129,900 was equal to that of all listed homes, but its median sold price climbed to $123,600, giving it a higher list to sold ratio of 95%, remaining constant with 2012.

In conclusion, , according to data derived from the Florida Regional MLS in comparing January 2012 home sales to those of January 2013, the Median List Price Rose approximately 45%, and the Median Sold Price Rose from $80,000 in 2012 to $119,000 in 2013. An almost 49% increase! Don’t let another year pass you by. If you’re looking to Go Coastal, there is no better time than the present.

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