“What’s going on in the real estate market?” March 2019

That’s a question I’m asked frequently, due to having studied the market in Charlotte County for more than a quarter-century. I have seen the ups and downs we have experienced over the years, and I am happy to report that current conditions are very positive and give me confidence for the immediate future.

There are there three main developments that reinforce that belief:

Foreclosures are down: Thankfully, Charlotte County is extremely transparent with data points on this topic. Roger Eaton, Charlotte County Clerk of the Court, and his team provides the number of new foreclosure filings (the legal term is Lis Penden) every month. I’ve been collecting that data since 2004, which provides a historical look at 15 years of data.

 Right now, the picture is clearly good for our area. In fact, there are fewer foreclosure filings on a monthly basis now than there were back in 2004.

Single family permits are up: Another great data source is Florida Gulf Coast University’s Lutgert College of Business monthly Southwest Florida Regional Economic Indicators. This report includes a recap of single family building permits on both a trailing 10 years and over the past 12 months. Both of these indicators (annually and monthly) show increased permits.

Homeownership is growing: What do the historic numbers say about trends in local homeownership? Again, our area is very fortunate to have a great resource for that sort of data from Paul Polk, Charlotte County Property Appraiser, and his team. A quick review of the data available on that public website enabled me to pluck data dating back to 2000, which means that we have a solid 18 years of data points.

Those data points clearly indicate that homeownership is up

Keep in mind that there are two ways to look at data. One way is what is frequently referred to as the “elevator analysis,” which means something went up or down. The other way to look at data – which is my favorite – is to analyze what the figures say contextually based on past performance.

Either way I look at the three indicators cited – foreclosures, single family permits and home ownership – I’m seeing confidence in our market.

Maryann Mize, CCIM, Senior Vice President and Senior Credit Officer of Charlotte State Bank & Trust can be contacted at or 941-624-1916 

Charlotte State Bank & Trust is an Equal Housing Lender. Loans subject to credit approval. NMLS # 477000

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