Tight inventory fueling increases
Home prices in Charlotte County were up 32 percent in the first quarter of 2005. The average sale price in Charlotte County was $198,700, up from $149,600 in the first quarter of 2004.
Prices in Charlotte County were up dramatically despite a drop in sales volume from 990 home sales in the first quarter of 2004 to 927 in the first quarter of 2005. The current inventory of available homes is quite tight in this market.
Charlotte County, North Port see 32 percent rise in home prices [Herald Tribune]