State and National News:
- These 18 Cities will see the most economic growth next year Read more…
- Economists predict rising home prices, rents Read more…
- NAR: May’s pending home sales hit nine-year high Read more…
- 12 metros with fastest-growing economies Read more…
- Here’s why homes sales are finally surging Read more…
Taxes, Financing, Insurance and more:
- Federal agencies tinker with flood insurance rules Read more…
- House value jumping? Save home improvement receipts Read more…
Cape Coral and SW Florida News:
- New beach possible in Cape Coral Read more…
- Cape City Leaders approve researching new beach proposal Read more…
- Vision study approved for Seven Islands Properties in Cape Coral Read more…
- The 50 Most Competitive Housing Markets of 2015 Read more…
- Neighbors debate new Cape Coral gated Community Read more…
- Two new breweries coming into South Cape Read more…
- Lee County wants input on new Lehigh Acres park Read more…
Real Estate Tips:
- 10 Things Home Buyers Hate about your Home! Read more…
Nature:
- 10 Jaw dropping Springs of Florida you must visit Read more…
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NW Cape Dredging
The City of Cape Coral plans to begin dredging in the North Spreader Canal on Monday, June 29. This project will continue for several months, and will be completed no later than mid-November.
The City’s Public Works dredging crew will be working in the canal Monday thru Friday from 7 a.m. to 4 p.m., excluding holidays. The project area will extend from the *300 block of Old Burnt Store Road south to Pine Island Road. The last time this portion of the North Spreader Canal was dredged was in 2008.
Canal access will be available throughout the project. Boaters are advised to use caution when traveling through the work area, and obey all signs, buoys and instructions while City workers are present. Speed limits will be strictly enforced.
With more than 400 miles of canals, the City of Cape Coral maintains an active dredging program. Dredging removes sediments and debris that accumulate in the bottom of canals, as part of the natural process of sand and silt washing into the waterway. Dredging helps to maintain the desired depth of the canals for stormwater drainage purposes, and to ensure the safe passage of boats.
Released by:
City of Cape Coral Public Information Director, Connie Barron
Note: A holding area for the spoils (the dredged sand) will be in the far north area of Sirenia Vista Park and then trucked out.
*In addition, dredge operations that will be performed by Gator Dredging will extend from the vicinity of the Rosemary Lake Bridge Canal (located at the north end of Sirenia Vista Park) south to the vicinity of the westerly turn of the canal paralleling Pine Island Road.
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Waterfront Homesite with access to the Gulf of Mexico and beyond……only $52,000
Location! Location! Location! This fabulous SALTWATER – GULF ACCESS **WATERFRONT** LOT is a boaters dream….Welcome to PARADISE!!! Are you looking to build your new home among gorgeous gulf access homes? This beautiful home site is located on the west side of UNIT 60 which offers quicker boating access…. Imagine building your dream home…walking out your back door….getting in your boat and heading out to anywhere in the world. Now that’s ACCESS!!! Boating 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. You’ll also love that it is just a few miles from an 18-hole Championship Golf Course. Also close to shopping, restaurants, etc…. Looking for an INVESTMENT….PRICES ARE ON THE RISE! Come take advantage of the deals while there are still available….
Click here to see more…
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HELP!!! Listings are selling FAST! and we are 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”
- Cape Coral sees another drop in inventory in May, dropping 7.9%, since January inventory has decreased by 18%.
- In the past, previous trends show the month of June as the beginning of rising inventory. The second peak in inventory is usually Q4.
- There is currently 4 homes in Cape Coral with an asking price of $100k or less, all are 70’s and 80’s built.
- May total closings drop (slightly) to 399.
- Since February, pendings have exceeded the number of new listings, a forward-looking measure of future home sales and rising home values.
- Although distressed properties are down from the peak (November 2008 of 2,812) distressed sales continue to make up 17% of our market.
- A “normal” market is achieved when 2% of total sales is attributed to distressed properties.
- 13.5% gain in home values for the month of May, inventory continues to favor seller(s).
- 85 new construction permits issued in Cape Coral, freshwater lots sold for an average of $24k and gulf access lots sold for an average $120k (a drop from previous month of $50k)
- New home construction continues to increase since 2012, permits still remain well below the historic peak of March 2005 (858) eliminating any threat of a “housing bubble”
- Population growth (in Cape Coral and Ft. Myers) is expected at an average of 15,700 people or 2.3% annually, household growth is estimated at 7,025, or 2.4% annually. As long as housing demand remains strong and financing remains conservative, the housing market should continue at a steady gain for several more years.
“Industry News”
- While the housing market continues making a steady recovery, there are still homeowners that are underwater, the MHA (Making Home Affordable) Program has recently been extended to December 2016.
- On August 1st, new rules go into effect to combine the Good Faith Estimate and the Truth in Lending disclosure into a single disclosure. RE/MAX Realty Team will be hosting a workshop to keep you informed of all the new rules/modifications.
- A new policy that will go into effect on July 1st allows any person/entity “engaged in a business or profession licensed by the state” the use of drones. Persons must comply with FAA rules (www.faa.gov/uas)
