Cape Coral Real Estate News for January 2015

Cape Coral Real Estate News for January 2015

State and National News:

• States with the highest price expectancy   Read more
• Coming soon.  The return of the 3% downpayment   Read more
• Fla. “economic miracle” in 2015   Read more
• More people think it’s a good time to buy   Read more

Taxes, Insurance and more:

• How safe is your Florida property insurer?   Read more
• Cape Coral fire assessment   Read more

Cape Coral and SW Florida News:

• 2015 holds numerous Cape Coral projects   Read more
• Cape Coral named one of the safest places to drive   Read more
• Report shows Ft Myers/Cape Coral area top market for Baby Boomers   Read more
• Investors: Business is back in Cape Coral   Read more
• Lee County labor market projects hottest in U.S.   Read more
• Where the jobs will be in 2015 — Cape Coral #1   Read more
• Cape Coral Council talks redevelopment   Read more

Real Estate Tips:

• 21 Hot Housing Trends for 2015   Read more

Nature:

• Manatees gathering near Burnt Store Rd   Read more

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Everything is selling quick!  Check out these two new listings….

 

5605 SW 12th Ave #106, Cape Coral …. Rose Garden area GULF ACCESS Condo only $325,000

RARE! RARE! RARE find in the Rose Garden area…. You don’t see too many of these large condos with quick GULF ACCESS and a PRIVATE DOCK on the market ….. Especially a FIRST FLOOR END UNIT with GRANITE, diagonal 20″ tile, faux painted tray ceiling, plantation shutters, a large screened lanai/porch area within just a few steps of the pool, 10K boat lift, electric wind shutters on the lanai and picture window, high 10′ ceilings, and more. Not to mention — the WATERFRONT VIEWS over the 200′ canal are just amazing! Imagine sitting in your screened lanai overlooking the water, watching the sunrise, drinking a cup of coffee and dreaming about the boating day ahead. GREAT Location makes everything available: restaurants and shopping just a short drive or bike ride away, great community for bike riding and walking, and only located approx. 20 miles to the International airport.

Click here to see more… 

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2218 Brooklawn Dr, N Ft Myers, FL  ….  Oversized lot in Paradise only $6,900

Are you tired of shoveling snow? Ready to own your own piece of SW Florida Paradise? This OVERSIZED lot is priced to sell! Nice little community with lots of privacy and still close enough to shopping, etc… tucked between the beautiful communities of Herons Glen and Magnolia Landing.

Click here to see more….

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HELP!!!  I NEED MORE LISTINGS…

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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“Backyard News”

If you hope to land a job in the next three months, where in the U.S. will you find the most vibrant employment market? According to the recently released Employment Outlook Survey from staffing giant Manpower Group, the No. 1 spot is the Cape Coral “Metropolitan Statistical Area.”

• Cape Coral inventory saw a 5% increase last month, great news for our market.
• If this continues (gradual increase of new listings) and pendings continue equally as strong, inventory will should remain below 6mo.
• 441 new active listings were taken in November and 338 went under agreement. In contrast to the previous year, when 202 properties went active, the 9mo if inventory we saw at the beginning of the year was inevitable!
• Throughout the year, Cape Coral traditional listings have remained very steady at 250 mark.
• Cape Coral annual appreciation is 5%, strong, healthy and very sustainable, national levels are expected to be around 3% (2015).
• Gulf Access lots sold on average for $172k and freshwater for $28k.  there are currently 465 GA lots on the market with 26 offering some type of seller financing terms.
• New construction permits saw an incredible 28% increase over last year.  46 new permits issued in November.

“Industry News”

• Short Sale Tax Break passes the House and is on to the Senate.  The Tax Increase Prevention Act of 2014 if passed would offer tax breaks for thousands of distressed homeowners who sold their homes prior to the Mortgage Debt Forgiveness Act that expired in 2013.
• A proposed rule by CFPB committed to ensure that homeowners and struggling borrowers aren’t wrongly foreclosed on is in review.  If passed the new rule would expand consumer protections to surviving family members and other homeowners (which is currently in place) the new rule will extend to divorce, legal separation and more.
• Alternative mortgages (ARMS, jumbo, interest only) have risen approximately 15% in recent years.