How’s the Cape Coral real estate market. MLS Data for Cape Coral zip code 33991

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How’s the market in Cape Coral Florida for single family homes and condos? I usually answer back with it depends on where you are looking to buy or sell. Whether you are looking for single family houses in Cape Coral or condos in Cape Coral there is many great deals for buyers depending on where you are looking. If you are a buyer it is an awesome time to buy in Cape Coral. Prices are still at historically low prices and interest rates are still hovering in the 4% range on average for 30 year loans. So yes if you are a buyer or investor the market is great right now.

For example there are currently 28 single family homes in the 33991 zip code for sale right now that are listed for under $125,000. Some are short sales and may not close in a timely manner, some are bank owned and need some TLC, but the prices are still very low from a buyers perspective to own a home in Cape Coral.

The rental rates for a 3 bedroom 2 bathroom home in this area of Cape Coral average between $900 to $1200 for a single family home depending on how nice the home is. So an investor who can access financing at favorable rates can buy these homes and have positive cash flow from the start and start building a nice portfolio of long term holdings. It is an awesome market if you are an investor – and are looking to either fix up and flip a property or hold it and put renters in the house.

If you are a seller and your house is not in foreclosure/short sale the great news is that the average days on the market for homes is now considerably less meaning that buyers and investors will be looking to buy homes that do not have to go through the short sale process and buyers will be competing to buy your house.

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