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Cape Coral Real Estate News for October 2014

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Cape Coral Real Estate News for October 2014

 

State and National News:

  • Fla. ranked #5 for best “Business Tax Climate”   Read more…
  • Lender’s step up to help Vets buy homes   Read more…
  • New home sales inch to 6-year high   Read more…
  • Fla. second only to Texas as top state for business   Read more…
  • 90-day no-flip rule for FHA loans is coming back   Read more…
  • Trend: More home is squeezed on smaller lot   Read more…

Taxes, Insurance and more:

  • Homeowners’ premiums go up less after claims in Fla.   Read more…
  • Still no short sale tax forgiveness this year   Read more…
  • Ex-Owners Bamboozled Years after Foreclosure   Read more…
  • Floridians’ median property tax cost about average   Read more…

Cape Coral and SW Florida News:

Real Estate Tips:

  • Study: Landscaping boost home values up to 12%   Read more…

Nature:

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Snowbird season is upon us so we have three FEATURES this month……

 

1417 TROPIC TER, N Ft Myers …. Gulf Access Condo for $52,500

Yes this is correct — the price is NOT a typo….What a great DEAL for a GULF ACCESS CONDO with two bedrooms and two bath !!!!!! This is one of the last of the great recession deals. Open floor plan is light and bright. Master bedroom has private master bath. Are you looking for a friendly well cared for 55+ community? Then this is the one! Community heated POOL with festive cabana, Shuffleboard and Boat Docks! Beautiful well kept ‘park like’ landscaping is a lovely place for an afternoon walk. Or grab a book and come relax in your enclosed porch/florida room while enjoying the pretty canal WATERFRONT VIEWS from this second floor unit. Unit is conveniently located close to the ELEVATOR so within just a few steps you’ll be HOME. Attention boat owners the marina with limited river and gulf access has slips available on a first come first serve basis. Great location close to shopping, restaurants, etc…

0-back build0-lanai0-pool

Click here to see more… 

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2346 NW 39th Ave, Cape Coral FL ….  Oversized TRIPLE LOT for ONLY $69,900

This OVERSIZED home site is located in Unit 56… The highly desirable WESTERN EXPOSURE offers beautiful sunsets… Lot PREP WORK HAS ALREADY BEEN DONE FOR YOU so you are one step closer to building your dream home!. Imagine building your home and living the Paradise dream…. Nearby Saltwater Boating Access from the Community Boat Ramp is only a short drive and will give you access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand… Not to mention…this area offers some of the best fishing to be found anywhere in the world. Plus, you’ll love the fact that this lot is just around the corner from an 18-hole Championship Golf Course. PRICES ARE ON THE RISE! Come take advantage of the deals while there are still available….

boat paint.10.27.14

Click here to see more….

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404-406 NW 37th Ave, Cape Coral FL ….  Two lots ONLY $13,500

TWO Lots being sold together (404 & 406 NW 37th Ave)…….FANTASTIC location in a neighborhood of Gulf Access SALT-WATERFRONT properties!…….These home sites are located in Unit 59… With highly desirable Western Exposure you’ll get beautiful sunsets… Imagine building your dream home in this quiet community and living the Paradise dream…. Saltwater Boating Access from the Community Boat Ramp about 1 1/2 miles away, gives you access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand… Not to mention…this area offers some of the best fishing to be found anywhere in the world. Plus, you’ll love the fact that this lot is just a few miles away from an 18-hole Championship Golf Course. PRICES ARE ON THE RISE! Come take advantage of the deals while there are still available…. Buy to Build or for an INVESTMENT!!

lots.10.18.14

Click here to see more….

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Listings are selling FAST!  and I am looking for more inventory!  If you know someone that wants to sell their home/lot or possibly buy in the near future, please let me know.

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condo sales

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“Backyard News”
·        Cape Coral inventory continues to decline, making September the 6th consecutive month of decreases.
·        397 (was the total number of pending units for September) vs. 332 (the total number of new listings that hit the market in September).
·        As inventory levels continue to fall, “On the Fence” sellers have little competition; including from distressed properties, making it prime time to list and sell their home for top dollar.
·        More closings in September (337) than the month before can be attributed to higher number of active REO’s in August.
·        30% price increase for Gulf Access lots in 1 month!
·        According to a study performed by RealtyTrac, Cape Coral-Ft. Myers made the top 10 list for baby boomers for population growth (28%).
·        Rental market has appreciated roughly 8-10% since last year and in some cases rental amounts are about even with mortgage payments.