Good News & Bad News in Cape Coral and Lee County

By
Real Estate Broker/Owner with Sellstate Advantage Realty

Greetings from beautiful Cape Coral, Florida! The latest numbers are out for our area sales in August and depending on your perspective the news is either good or bad! For Realtors the numbers are great because sales increased by 32% from this time last year! There were 684 sales which translates to 1368 transaction sides. It was reported as the largest year over year increase in Florida!

For sellers the news was not so encouraging because the median price dropped to$146,900 from $250,800!! Although there are still 15,000 homes on the market it is encouraging to see the increase in sales and the decrease in inventory!

 So what can we take from this? If you are in the market for a home in  Cape Coral or Ft. Myers, Florida now is the time to buy! Homes are selling at 1999 prices! It is a buyers market so jump in and take advantage of the current market conditions! They won't last forever!

Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200

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Topic:
ActiveRain Community
Location:
Florida Lee County Cape Coral
Groups:
Cape Coral Florida Real Estate
Florida Gulf Coast Realtors
Florida Waterfront
WATERFRONT REAL ESTATE
Sellstate Realty
Tags:
buying
median price
cape coral
ft myers
lee county
sellers
florida
homes
mike kelly
sellstate advantage realty

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