Lately I have been working with a client who wants to purchase a newer pool home in Cape Coral. His range is mostly under $210,000 and with his wife they have been frantically searching for that great deal. The deals are here. Of course these are mostly short sales and foreclosures. They are coming pretty soon so like usual I check to make sure these homes are active and if they have any offers on them, before gathering info and data and pre-viewing them.
Cape Coral in-ground screened pool home over 2200 SF under air,3/2, 3 car garage, build in 2006, in-closed pool asking price: $209,900.
The clients and I put together a list of 7 homes they have a strong interest in. Before pre-viewing them I found out that 5 out of 7 had already either a single offer or multiple offers. 4 of them were shorts sales and one of them was a foreclosure. All good looking 2004 to 2006 homes with swimming pools.They are located either in SW Cape Coral or NW Cape Coral. Good areas.What is going on?
Cape Coral fresh canal frontage, 2006,in-closed in-ground pool home, 2100 sf under air, asking price 199,000.
It is clearly a sign that Cape Coral has started to hit bottom and is attracting buyers from all over. Granted these homes under $210,000 were carefuly hand picked, either on fresh water canals and lakes and the others were just top of the line homes.Still, there are many other great deals available. Most of these were bought for over $280,000 in 2005-2006 up to mid $300's. There are very appealing opportunities for buyers and they are coming.
The Cape Coral market report from 07/04/08 to 08/04/08 .
Average price IS $174,422 for a total volume of $59,826,780
343 condos and singles homes sold
with 95 Days on the Market Average
Lets put this in perceptive. They were just 185 single homes and condos sold in Cape Coral from 07/04/07 to 08/04/07. This is a jump of 55%!
Average price WAS $272,229 for a total volume of $50,362,368
with 95 Days on the Market Average
What stands out like a clown nose on a face? The average price. It dropped $98,000 during the last year and still Cape Coral sold nearly $10,000,000 more worth of homes during that same month of July 2008. I am not counting the lots and commercial sales. That will be for another post. Keep tuned.
Looking for deals? Cape Coral has them. Give me a call and I will be glad to assist you.
Many buyers who were staying on the fence are making their move.The numbers speak by themselves.
Happy Hunting!
LLoyd Nichols
Right Choice Realty LLC
6360 Presidential Court, Suite 4
Fort Myers, FL 33919
cell: 239-810-2980
Fax: 239-463-4826
home office: 239-463-5217
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Website Blog:http://ftmyershomesandgardens.blogspot.com/
Comments(2)