How’s The Cape Coral Real Estate Market? August 2012 Update

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How’s the market in Cape Coral Florida for single family homes and condos for the year 2012? 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. This article will address current home prices in Cape Coral as of August 2012. 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.

Currently in the price range of between $100,000 to $125,000 of single family homes for sale in Cape Coral there are 119 homes for sale with 3 or more bedrooms, with an average price per square foot listing price of $77 per square foot. Of those 119 homes, 20 of them are listed as short sales and 11 of them are listed as bank owned properties.

Current homes listed for sale between $100,000 to $125,000

This is a great price range to find homes to buy as a starter home for a first time buyer or as an investment property to rent out and have positive cash flow and slow but steady price appreciation over the years.

In the price range of single family homes between $125,000-$150,000 for single family homes in Cape Coral there are 149 homes for sale with 3 or more bedrooms. The average asking price per square foot for these homes is $82 per square foot. Of these 149 homes, 31 are listed as short sales and 14 are listed as bank owned properties. 66 of the properties in this $125,000 to $150,000 price range have private pools. Many of these homes were built in the last 6 years and make great investments as a second home or even rented out seasonally as many seasonal renters want a home to rent with a pool.

Current homes for sale in this price range in Cape Coral:

In the price range of single family homes between between $150,000-$200,000 there are 168 homes listed for sale, at an average price per square foot of $96. There are only 19 of these listings that are short sales and 16 are bank owned. 103 of these homes have a private pool.

Current homes for sale in Cape Coral in this $150,000-$200,000 price range:

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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