The city -- which now boasts the largest population in the Southwest Florida according to the most recent census findings -- also is on the rise in other ways.
North Port has long been viewed as the epicenter of the foreclosure crisis because of the preponderance of investors in the city, but even the city's distressed sales are showing appreciation.
According to an analysis by Michael Saunders & Co. agent Robert S. Goldman, the average sales price for all properties -- distressed and others -- was $104,400 last month, 15.6 percent higher than the same time a year ago and has been on an "upward trend" for much of 2011.
Also, "the gap between the average list price and the sales price for all properties has narrowed significantly," Goldman noted.
Pascal Schreier
Broker Associate
Pascal@OConnorRealty.info
Monday, October 17, 2011
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