Cape Coral FL Absorption Rate....

By
Real Estate Agent with REMAX Realty Team-Cape Coral, FL

You can have some of this AWESOME weather too but you better hurry.  Paradise is selling fast! 

There are currently:

             2275 single family homes for sale in Cape Coral, FL

        1594 homes have sold in the past three months

 That leaves us with an absorption rate of: 4.2 months 

 What does that mean? 

Let's say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 4.2 months....

Rule of thumb:

A ‘normal' real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6% 

The tide has turned...but the deals are still available.  But  RUN don't walk.....

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Florida Lee County Cape Coral
Tags:
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Rainer
123,350
Marian Pierre-Louis
Fieldstone Historic Research - Medway, MA
Metrowest Boston

Debbie, your market is huge compared to mine!  That's some great activity you have!  I had no idea your area was so large. And I love the photo.  Makes me wnat to move there.  -Marian

Dec 15, 2009 01:55 PM #1
Rainmaker
671,988
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Debbie, Cape Coral is such a beautiful part of Florida.  We are seeing similar activity here. Homes are selling quickly and the clean well priced properties under $150,000 are ending up in bidding wars.  Great news for Florida.

Dec 16, 2009 10:51 AM #2
Rainmaker
1,083,042
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Great market update on the absorption rate for Cape Coral, Deb! :)

Leilani

Dec 16, 2009 02:02 PM #3
Rainmaker
400,727
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

This is a good picture to go along with your point.

Dec 16, 2009 05:05 PM #4
Rainer
55,348
Mike Canzano
Berkshire Hathaway HomeServices Utah - Park City, UT
Associate Broker / Realtor

and nearly no new home starts...which while not good for the construction industry is good for overall absorption 

Dec 17, 2009 03:57 AM #5
Rainer
149,247
Eva Erdmann
Lion International Inc. - Holiday, FL
interior decorator

Hi Debbie,

I used to travel in business to Cape Coral area.

I love it !

Now living in Europe I miss the weather a lot,specially around the Christmas time.

Have a Happy Holiday Season ! 

Zijuzijazijana

Dec 19, 2009 11:47 PM #6
Rainmaker
3,412,588
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Debbie...What a photo to look at and here we are on Long Island with the Blizzard '09!

Dec 21, 2009 08:41 AM #7
Rainmaker
1,571,296
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

That seems like a pretty good turnover of homes.  It takes a little longer to move inventory over here.  

Jan 02, 2010 10:38 AM #8
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Rainer
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Debbie Cullen

Your Cape Coral, FL Specialist
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