Real estate blog entries tagged with cape coral foreclosures by Debbie Cullen-Your Cape Coral, FL Specialist (REMAX Realty Team-Cape Coral, FL)

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Home : Blogs : Debbie Cullen-Your Cape Coral, FL Specialist : Debbie Cullen-Your Cape Coral, FL Specialist's Blog : Tag "cape coral foreclosures"

cape coral foreclosures: Cape Coral Market Watch.....(Absorption Rate) - 07/24/10 08:08 AM

Paradise is selling fast!
There are currently:
2525 single family homes for sale in Cape Coral, FL
1582 homes have sold in the past three months
That leaves us with an absorption rate of: 4.7 months
What does that mean?
Let's say that not another house went on the market. How long would it take to sell the existing inventory? Only 4.7 months....
Rule of thumb:
A ‘normal' real estate market (if there is such a thing) has an absorption rate of 6%
When is it a buyers market? When the absorption rate is over 6 %
When is it a sellers … (3 comments)

cape coral foreclosures: Have we turned a corner in Cape Coral FL?.... - 07/24/10 08:03 AM

Lee County Lis Pendens filed.........
First, what is a lis pendens? A lis pendens is a written notice that a lawsuit has been filed with the courts concerning real estate. You could kind of call it...one of the first indicators of a possible foreclosure.
Everyone's talking about foreclosures. Are they slowing down? Will there be a new wave?
It is important to keep in mind that not every lis pendens filing will turn into a foreclosure but I've been watching the overall numbers for a while now...waiting for a sign. You tell me what you see......
CALL OR EMAIL FOR A … (0 comments)

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