Cape Coral Home Sales - Closed Sales Activity
- all data extracted from Florida Gulf Coast Multiple Listing Service
Single Family Homes
Running 90 Days (8/18/2008 - 11/18/2008)
| Owner Sale | Foreclosure | Short Sale | Total | |
| Total Sales | 543 | 474 | 260 | 1,277 |
| Allocation % | 43% | 37% | 20% | |
Avg. List Price |
$200,153 |
$118,551 |
$182,963 |
$166,364 |
| Avg. Selling Price | $187,809 | $117,148 | $171,119 | $158,182 |
Selling/List % |
94% |
99% |
94% |
95% |
Avg. Days on Market |
70 |
35 |
171 |
78 |
Based on the above closed sales activity it's clear that
- Buyers succeed when they offer on homes that are either bank owned (Foreclosures) or owner sales.
- 80% of the closed home sales are NOT short sales. Although there may be some great opportunities with short sales for those willing to wait for a response, the overwhelming number of buyers are focusing on properties where they can receive a response to their offer and close within 60 days.
- Selling prices are very close to list prices. The days of offering substantially lower than list price are probably gone. In fact multiple offers on bank owned properties are becoming the norm.
- More than 1,200 homes sold in the last 90 days. Although no one can predict 'the bottom', this is clear evidence that buyers recognize the tremendous values available today
Copyright © 2008 By Mike Canzano, All Rights Reserved. Cape Coral Home Sales
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