Cape Coral Florida real estate by Joe Kendall, Realtor with Sandals Realty a Waterfront and Foreclosure specialist Cape Coral home sales reached record highs in both May and June. The lowest price ranges, experts say it has now shifted from a buyer's market to one that favors sellers.
Cape Coral homes are selling fast with many receiving multi offers specially on the botton of the market pricing under $100,000 and under $225,000 on waterfront property.
"Record numbers for as far back as I've been keeping track of statistics," said Paula Hellenbrand, Realtor and President of the Cape Coral Association of Realtors.
June sales topped out at 644 homes and May numbers were over 600 .
if you were to look back to height of the boom in 2005 - sales even then weren't nearly as high."We were in the 300, 400, maybe 500. So, over 600 homes is a fantastic number of sales," said Hellenbrand.
But with so many homes selling, there are a lot less homes from sale here in Cape Coral then what was for sale 6 months ago. I personally feel everything listed on or off water under $225,000 has become a sellers market specially the bank owned with many listings receiving 10 to 15 offers on the property.
There are many good buys of nice waterfront propery with great gulf access for the aviod boater , desiring a waterfront property with dock age for a larger boat in the $300,000 to $450,000 range. This price range will buy you quick access to the gulf of Mexico, a wider canal with a better water view from 150 to 200 ft wide canals.
Luxury Riverfront property starts around $900,000 up to $2.5 million with outstanding estate property's lining the waterfront on Cape Coral and Fort Myers sides of the river all the way to the city of Alva Florida.
Let me show you the difference in waterfront locations as we have waterfront property of every style of home for the home buyer looking for there very own "Piece of Paradise!"
I look forward to working with you!
Joe Kendall, Realtor Sandals Realty
Waterfront & Foreclosure Specialist
Phone 239-560-0726 Fax 239-236-0422
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