Cape Coral’ s housing market is shining, with vacant lots filling in with new construction, bustling pockets of teardowns and rebuilds, and distressed properties in a sharp decline. Now is a good time to carve out your own slice of paradise.
“ With diverse premium waterfront locations, easy access to the Gulf of Mexico, shops and beaches in easy driving distance … Cape Coral has more to offer than meets the eye,” says real estate broker Paula Hellenbrand.“ The discerning eye will appreciate the quality, diversity and value the Cape affords.”
Whether you’ re searching for a starter home, vacation property, retirement nest or a smart real estate investment, Cape Coral is a destination for buyers throughout the United States and the world. Residential and commercial sales are on the rise, prices are increasing and builders are certainly busy.
Following the recession that hit Southwest Florida in late 2007,“ 2014 was the turn-around year and 2015 is getting back to a reasonable market,” says commercial real estate expert Phil Deems.“ Rents and building values have increased.
As long as it’ s in moderation, that’ s a good thing.”
Prices remain low enough that anyone from first-time homebuyers to those scouting the perfect million-dollar dream home can find plenty of options in Cape Coral. You may need to act fast, though. The Cape is starting to experience a shortage of homes on the market and more people interested in buying here. Last year,
there was a big uptick in single-family home sales— a 41 percent increase from 796 closings by July 2014 to 1,124 in July 2015. The median sale price also increased from $ 114,900 to $ 140,000, according to a multiple listing services analysis by the Florida Realtors.
Another strong market indicator: The number of distressed sales( foreclosures, lender-owned and short sales) plummeted
NEW SINGLE-FAMILY HOMES from the $ 100s * 3621 Chiquita Blvd, Cape Coral( 239) 225-2626 sunset POINTE
NEW SINGLE-FAMILY HOMES from the $ 300s * 3067 Sunset Pointe Circle, Cape Coral( 239) 225-2680 www. drhorton. com / swfla
* Home and community information, including pricing, included features, terms, availability and amenities, are subject to change and prior sale at any time without notice or obligation. Pictures, photographs, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built. capecoralchamber. com 9