It sure is an exciting time in SW Florida! Here in Cape Coral, we have been featured on many national news programs within the past month. Coverage is in regard to the fantastic opportunities that exist for buyers of single family homes, condominiums and vacant land.
Let me share a few preliminary statistics for the month of September: 55% of the current properties for sale are "short sales." (If you are unclear about what a short sale is, call me and I will explain the details) 11% of the current properties for sale are bank-owned properties. Banks do not wish to own residential real estate and negotiating with banks can be very easy, relatively fast and lucrative.
Cape Coral presently has over 1160 single family homes for sale with list prices under $100,000! The price per square foot is on the rise. We're seeing an upward tick in pricing. What this means is that many of the larger homes that were really attractive in price have been snatched up.
Coldwell Banker leads all real estate companies in Southwest Florida in the number of closed sales. We have the inventory, we have the knowledge. Smart people taking advantage of the market are obtaining the necessary funding or cash and buying up the best of the best at an average discount of 33% year-over-year.
Please, if you've thought of owning a home, whether it is your first home, an investment property, or vacation home, this is a fantastic time for you to act. Let us know if we can help!
Comments(1)