Cape Coral Real Estate Market Update

Cape Coral Market update:

The market continues to improve in Cape Coral.  The average
sale price jumped to $198,000 for July 2015.   Please realize we are up 18%
in average sale price over the beginning of the year.  If you are thinking
of buying, it is not prudent to wait until next year.  Prices will be
higher.

We have just 4.5 months of inventory for sale.  July single family sales for
the Cape were 487.  Our average time on market was just 39 days.  Lower end
properties go under contract within a matter of a few days and are closed
shortly thereafter.  We are still trending at 60-65% CASH purchasers.

For Sellers this is a wonderful time to list your house.  Remember when we
have less than 6 months of inventory, it is considered a sellers’ market.
So, if you price your home fairly, it will sell quickly and for top
dollar…you can’t beat that!

“Boating and real estate, what could be more fun?”  Call me. 239-826-6208