Cape Coral Florida Real Estate news
September 4, 2017
State and National News:
- What is the value of $100 in your State? Read more…
- U.S. home prices surge in June, led by Seattle Read more…
Taxes, Financing, Insurance, Scams, and more:
- Florida Realtors kick off push for Amendment 2 Read more…
- HUD raising up-front fees for reverse mortgages Read more…
- Fannie loosens ARM downpayment rules Read more…
Cape Coral and SW Florida News:
- Study: Best U.S. Cities to flip homes Read more…
- Upscale RV resort for NW Cape close to a reality Read more…
- ALDI opens new store in Cape Coral Read more…
- Is Cape Coral ready for its projected growth Read more…
- 5 New Cape Coral Restaurants you should check out Read more…
- Council OKs six resolutions for tax bill Read more…
- Council approves utility-related PDP change Read more…
- After debate, Cape Coral golf course land to stay as is Read more…
- Tiny homes could have hefty price tag in Cape Coral Read more…
- 2 digital billboards added to Cape Coral skyline Read more…
- City’s midtown plan back on the drawing board Read more…
- Pine Island moves closer to incorporation Read more…
- Cape Coral Westin event center to add jobs, millions to economy Read more…
Real Estate Tips:
- Favorite renovation projects by generation Read more…
Nature:
- Cape Coral Parks & Recreation Program Guide Read more…
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TWO FEATURES THIS MONTH’S :
1241 NW 39th Ave… Stunning! Stunning! Stunning! — Gulf Access Home
No details missed on this Gorgeous FURNISHED/TURNKEY Waterfront GULF ACCESS home with 3 CAR GARAGE! This Custom home looks like a model home! Built by Builder for use as his own home, so you know that no detail has gone unnoticed. All you need is your toothbrush and a good book and your home. Stunning open floor plan makes this home light and bright. Chef’s kitchen with STAINLESS STEEL appliances, 42” Cherry Cabinets, GRANITE, and more. NEW CUSTOM HEATED POOL in 2015 with waterfall and salt-water filtration, OVERSIZED PAVER Pool Deck, Exquisite High tray ceilings with crown molding, PLANTATION SHUTTERS, Lush Landscaping with gorgeous mature Palm Trees, ENERGY EFFICIENT home with low electric bills. And don’t forget the extras you can’t see like: concrete under pavers with special drainage, extra insulation, sound proofing, etc… Magnificent master bath offers: HUGE WALK –IN SHOWER and large soaking tub. West side of the NW area for better Boating access to the Gulf of Mexico, beaches, & surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand & more… Championship Golf Courses a short ride away. Easy access to Fort Myers Int’l Airport only about 30 miles away.
Click here to see more…
5009 SW 9TH PL — Sailboat Access Home – furnished/turnkey only $364,999
If you are looking for the perfect Beach style vacation home… this is it. Beautifully decorated with modern furniture, fixtures, mounted TV’s and more. TURNKEY! Almost everything included!!! All you need is your toothbrush and a good book. Kitchen offers GRANITE, tiled backsplash and STAINLESS STEEL appliances. Three sliders on the back of the home bring in lots of light and a beautiful view of the DIRECT GULF ACCESS canal (no bridge limiting you here). Come relax on the oversized screen lanai/porch with stylish outdoor furniture and enjoy the view. COMPOSITE WRAP-AROUND DOCK with 12K lb BOAT LIFT new in 2014. NEW a/c in 2014! NEW wind/impact resistant windows in 2014. NEW Electric Panel 2014, and more. Tiled flooring and beautiful wood like laminate– no carpet here. City water/sewer ASSESSMENT IN AND PAID!!! Lovely curb appeal—you’ll fall in love with this home the moment you step out of the car. Boating access to the Gulf of Mexico, beaches, & surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand & more… Easy access to Fort Myers Int’l Airport only about 20 miles away.
Click here to see more…
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“Backyard News”
– 414 total closings in Cape Coral, usually the beginning of the 3rd quarter we see sales begin to descent.
– Inventory levels also saw a dip from last month, active single family homes are over 1,460 in Cape Coral.
– Cape Coral inventory remains at a strong “seller’s market”.
– Cape Coral home prices saw another rise from last year’s $248k by approximately 7.6%. – The average sales price in July was $267,000.
– Cape Coral permits totaled 154 for July with a taxable value of $39m. The top 5 builders in Cape Coral consists of : DR Horton, LGI, Adams, Wade Jurney and SN Construction
– Fort Myers sales mirror that of Cape Coral with a drop from the month before and inventory levels dropped by nearly 7% since June.
– Bonita Estero saw the largest drop in home sales this year, by about 30%.
– Inventory levels in Bonita Estero fell last month but without enough sales, this market is now favors buyers
“Industry News”
– Canadian Snowbird Visa Act was introduced into the US House, the Bill would allow Canadians, over 50 years of age who own or rent a US residence to stay in the US for an additional two months (approx. 242 days, total) per year.
– Freddie Mac restricting 1% down payment mortgages beginning November 1st. Freddie Mac is targeting mortgages that allow borrowers to purchase a home with a 1% down payment and says borrowers will need to come up with at least a 3% before receiving any kind of contribution from a lender.
