Looking For a Real Estate Deal in Cape Coral? Call 239-292-1358. I Specialize in Cape Coral foreclosure property – Bank Owned - REO Homes – Short Sales … Free list e-mailed daily. Visit www.cape-coral-foreclosure.com
Cape Coral Market Report for August 1st – October 31st 2009
Total 1,637 single family Cape Coral homes sold
710 foreclosures
509 non-distress sale
418 short sales
November 1st 2060 single family Cape Coral homes active on market
Although this season is usually sluggish in the real estate market, Cape Coral home sales were still strong. The market remained hectic. Short sale closings have greatly increased over the past year. Might be banks are have finally realized they better take the money and run!
The average sale price of foreclosed homes is $82,219. Most of these distressed homes were snapped up within a few days with the average “days on market” being just 12. Average sale price was 100.6% of asking price. Multi offers situations are the norm.
Gulf Access homes were great deals. The average price is $249,900 with 64 days on the market and selling at 96% of asking price.
The coming season is expected to be busy. Many more foreclosure will be coming on the market. Higher end homes and coming through the foreclosure process and will soon be on the market. This may be the chance to buy the SW Florida home you’ve always dreamed of.
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