Your Name:
Your Email Address:
To: (Email)
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

"The Bottom" In Cape Coral, Florida?
I hear this question daily in Cape Coral,"Have you hit bottom yet?" I guess that is the million dollar question! Well here is a little insight, today on the MLS I found a home in Cape Coral for less than $50,000! That is right- LESS THAN $50,000! Wow!! The lot that that home is on probably sold for more than $50,000 a few years ago! I heard that someone sold a lot 3 years ago for $79,000 and they recently sold the lot again for $85,000! The difference- this time the lot had a 3 bedroom, 2 bath, 2 car garage home on it!
So is it now safe to say we have hit bottom! We tried to find a corporate owned home today for under $100,000 that did not have multiple offers on it and found it next to impossible! Most all of the REO's under $100,000 are in multiple offer situations!
As I told someone today,"You never know that you are at the bottom, until you have missed it!"
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200
... more

Are you on The Rain? Grow Your Network!

Spam prevention