Cape Coral Florida offers wonderful gulf access homes and communities.
In the first quarter alone we noticed an upswing in the amount of higher end homes sellling in Cape Coral, Florida.
Comparing the figues to our first quarter of 2010 we see that properties over $500,000 in Cape Coral went from making up only 2% of the entire market (2010) to this year (2011) making up 12% of the total market.
We also saw an increase in our higher end, yet still affordable houses as well. Those houses selling between $200-500,000 went up from 16% in 2010 to 36% of all home sales in the first quarter of 2011.
This tells me that the higher end buyers are making decisions to buy in Cape Coral again. Yes, we still have many properties for sale under $200,000 but that market share is diminishing.
Watch my video below to see the Cape Coral luxury home sales data in a slideshow presentation.
* raw data derived from local MLS & interpreted by Susan Milner of Florida Future Realty, Inc. Does NOT include condos, vacant land, commercial or multi family properties. This data is strictly including single family home sales in Cape Coral from Jan 1, 2011 through March 31, 2011. Note: some sales may have yet to be recorded. In our mls active contingent means that there is an offer but there is some sort of short term contingency on the offer/contract. Active contingent short sale means that the listing is a short sale and the seller has accepted an offer already but is awaiting bank approval of said contract. Pending typically means that everything looks good on the accepted offer and that they are on their way to closing (could still have financing and inspection contingencies though).