How’s the real estate market for condos in Cape Coral? I get asked this question by many of my out of state buyers that have been looking to buy a condo in Cape Coral and surrounding areas. Is buying a condo in Cape Coral a good idea versus a single family home. This really depends on your own personal preference and what types of amenities that you desire if you are looking to buy a condo in Southwest Florida. Here is a summary of the condominium sales in Cape Coral for the time period of January 1, 2013-February 28, 2013.
There were 76 sold Cape Coral condominiums that sold during the first 2 months of 2013. The average listing price for these sold units were $149,715 and the average square feet for the condos were 1416 square feet. The listing price per square foot was $97 SF, and the average total days on the market was 150 days. The average sales price was $143,188 and the average selling price per square foot was $93 SF.
If you are a Canadian looking to buy real estate in the Cape Coral area, buying a condo may be a better and less expensive alternative than looking for a single family home. Some benefits of buying a condo that many developments have is gated security, community pools and recreation areas, landscaping and upkeep of the grounds.
Since each condominium building is different it is essential that you weigh your options of whether you want to buy a condo instead of a single family home in Florida, by seeing how much the monthly condo association fees are and what they cover. Also it is a good idea to make sure that each seller that sells a condo for sale provides a sellers disclosure on the property which includes all the financials on the building so that you can make an educated decision about the financial health of the condominium building.
If you are interested in learning more about the great deals available for sale on condominiums for sale throughout Southwest Florida contact me through this website and I will help you get the answers you are looking for.