As we get ready to celebrate Thanksgiving here in beautiful Cape Coral, many buyers and real estate agents in our marketplace do have reason to give thanks this year! Reports out this morning show that the sale of single family homes in Lee County rose 78% from the same time last year! There were 720 single family homes sold in October up from 405 last October! Condo sales were up 48%!
This increase is due to the fact that the median price for a single family home in October was $139,500 a drop of 42% since last October! With the stock market on a wild ride it appears that many people are now taking advantage of the prices in our real estate market! According to the National Association of Realtors, distressed properties made up 45% of property sales in October!
We had a client this passed week that was able to purchase a 3 bedroom, 2 bath, 2 car garage, pool home for $99,000! Three years ago this home sold for $339,000!! If you or anyone that you know is interested in taking advantage of these prices just let us know! Realtors, if you have clients who are looking to invest in the Cape Coral and Ft. Myers area please contact me directly and I will personally work with you to find what your clients are looking for.
Please visit my website at www.sellstateadvantage.com and sign up for a Listingbook account which will give you access to our MLS. Not only will you be able to see the homes listed for sale, but you will also be able to do your own searches and change your criteria at will! We will never see deals like this again in our lifetime, so take advantage of it while you can!
Happy Thanksgiving to all!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200
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