Home > Blogs > Debbie Cullen > Debbie Cullen's (capedeb) Blog

Cape Coral FL Absorption Rate....

By Debbie Cullen

Real Estate Agent with REMAX Realty Team-Cape Coral, FL

December 15, 2009 09:04 AM

You can have some of this AWESOME weather too but you better hurry. Paradise is selling fast!

There are currently:

2275 single family homes for sale in Cape Coral, FL

1594 homes have sold in the past three months

That leaves us with an absorption rate of: 4.2 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 4.2 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 market? When the absorption rate is under 6%

The tide has turned...but the deals are still available. But RUN don't walk.....

Comments(8)

Comment

Show All Comments

Sort:

Marian Pierre-Louis

Fieldstone Historic Research - Medway, MA

Metrowest Boston

Debbie, your market is huge compared to mine! That's some great activity you have! I had no idea your area was so large. And I love the photo. Makes me wnat to move there. -Marian

Dec 15, 2009 01:55 PM

Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Debbie, Cape Coral is such a beautiful part of Florida. We are seeing similar activity here. Homes are selling quickly and the clean well priced properties under $150,000 are ending up in bidding wars. Great news for Florida.

Dec 16, 2009 10:51 AM

Bob & Leilani Souza

Souza Realty 916.408.5500 - Roseville, CA

Greater Sacramento Area Homes, Land & Investments

Great market update on the absorption rate for Cape Coral, Deb! :)

Leilani

Dec 16, 2009 02:02 PM

John Cannata

214-728-0449 http://TexasLoanGuy.com - Frisco, TX

Texas Home Mortgage - Purchase or Refinance

This is a good picture to go along with your point.

Dec 16, 2009 05:05 PM

Mike Canzano

Berkshire Hathaway HomeServices Utah - Park City, UT

Associate Broker / Realtor

and nearly no new home starts...which while not good for the construction industry is good for overall absorption

Dec 17, 2009 03:57 AM

Eva Erdmann

Lion International Inc. - Holiday, FL

interior decorator

Hi Debbie,

I used to travel in business to Cape Coral area.

I love it !

Now living in Europe I miss the weather a lot,specially around the Christmas time.

Have a Happy Holiday Season !

Zijuzijazijana

Dec 19, 2009 11:47 PM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Debbie...What a photo to look at and here we are on Long Island with the Blizzard '09!

Dec 21, 2009 08:41 AM

Georgie Hunter R(S) 58089

Hawai'i Life Real Estate Brokers - Haiku, HI

Maui Real Estate sales and lifestyle info

That seems like a pretty good turnover of homes. It takes a little longer to move inventory over here.

Jan 02, 2010 10:38 AM

Cape Coral FL Absorption Rate....

Comments(8)

Debbie Cullen

Real Estate Resources

Recent Posts