Investors pouring money into Cape Coral property

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There has been quite a bit of good press lately on the turnaround of the US economy as it relates to the real estate recovery in the hardest hit states of Florida, California and Arizona. I just read an article that was featured in our local paper about how commercial investors are pouring millions of dollars into Cape Coral commercial properties again. It highlighted some major land acquisitions that included Lennar Homes purchasing over $10 Million of land, developer Taylor Morrison buying out the rest of Bonita Bay Groups 577 homesites in the Gated Community of Sandoval. Another notable transaction was Paradise Preserve golf course which sits right next to the border of Cape Coral and North Fort Myers was recently sold to Brandenburg Properties for $3 Million. It was once Lee County’s most expensive foreclosure at $94 Million in 2007.

This bullish activity coupled by the renewed interest I am seeing from buyers looking to buy gulf access canal lots as well as inexpensive dry lots in the Cape is a refreshing turnaround from the past 4 years of people waiting for and trying to time the bottom of the housing market here. I recently spoke with builder reps from many of the builders in Cape Coral and I am hearing that they are getting a surge of foot traffic that they haven’t had in years. The builders realize that the market is nearing a bottom and that 2013 is most likely going to be a year that we see price appreciation throughout the country. Here is a link to an interesting market study that has been shared through social media as it gains momentum throughout the real estate community on the 10 Hot Spots for Global Homebuyers. The features the Cape Coral/Fort Myers area in the # 2 position. If you have an interest in learning more about buying a second home or investment property in Cape Coral I’d love to show you around. Register to view properties in Cape Coral for sale here.

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