Local MLS releases stats on Cape Coral/Fort Myers area...
Members of the Association closed 1,340 single family home sales in December, bringing the total for 2009 to 16,789; this is a 91.4 percent increase vs. 2008 when 8,768 homes were sold. Of the December sales, 48.3 percent were bank-owned, 18.2% were short sales and the remaining traditional sales made up 33.4 %. The median price was $89,929, which is 8.0 percent lower than the prior December; however, the median price continues to be driven down by the number of bank-owned and short sales properties. During Quarter 4, the median price for traditional sales was $135,000 (a 3.5 % decrease from the prior quarter), for bank-owned sales it was $69,900 (up 2.7 %) and the median price for short sales was $94,950 (up 6.6 % from last quarter).
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