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News Story
Updated: 10/26/2013 08:00:03AM

Rural land on

a slower pace

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While home prices in Charlotte County were up 16.9 percent in September over the year-earlier figure, and volume jumped 18.4 percent over the same period, the rural real estate picture is less sanguine, but not without signs of life.

Recent sales have involved smaller residential tracts, where per-acre prices of around $2,000 to $3,000 are the norm due to lower demand and the economic challenges of living “out of town,” according to Lindsay Harrington, the former Punta Gorda mayor and state legislator who deals in rural property through Coldwell Banker Residential Real Estate. Harrington recently closed sales on five- and 10-acre tracts to individuals in that price range, but sees plenty of property owners seeking higher prices.

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