Cape Coral Florida Real Estate News
July 29, 2018
State and National News:
- 95% likelihood home prices will rise over next two years Read more…
- Buyers undeterred by rising prices and higher interest rates Read more…
- Scott issues order to protect beach access Read more…
- Is artificial intelligence the answer for home security? Read more…
Taxes, Financing, Insurance, Scams, and more:
- Tax watch: Fla. still a low-tax state – No. 42 out of 50 Read more…
- Tips to avoid rental fraud Read more…
- Too few buyers question the need for a 30-year mortgage Read more…
- Over 50% of homeowners are under-insured Read more…
Cape Coral and SW Florida News:
- Road watch for Burnt Store Road project Read more…
- Nathan’s Famous unlike any other is coming to Cape Coral Read more…
- Cape Coral hosts clean water form with water experts Read more…
- Big John stands tall in Cape Coral lore Read more…
- New emergency pumps for Cape Coral Read more…
- Hotel, townhomes, retail and more proposed for 270 acres in N Ft Myers Read more…
- Cape Coral car wars: new Chrysler Dodge Jeep Ram dealer takes shape Read more…
Real Estate Tips:
- 6 things buyers must do Read more…
- Summer Energy Efficiency Read more…
- 3 easy ways to transform a yard into an outdoor oasis Read more…
Nature and Parks:
- 10 Best Parks & Nature Attractions in Cape Coral Read more…
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Happy Dance! Happy Dance! Happy Dance!
Wow!!!! I received an email from Adam Contos (CEO of REMAX)…. congratulating me for being listed on REAL Trends list of ‘America’s Best Real Estate Professionals”. He said that 1-in-4 Agents ranked were REMAX Agents. Way to go REMAX!!!
Special thanks to my wonderful customers!!! Yes, I hustle every day …. but it’s all of you that landed me this spot.
What an awesome recognition for doing what I love to do every day and I couldn’t have done it without you….
#BestCustomersInAmerica!
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July’s FEATURED Property:
1221 NW 39th Ave, Cape Coral – $64,900… IT’S A GREAT DEAL!!!
WATERFRONT GULF ACCESS Lot located off the tree-lined Yucatan Parkway in NW Cape. Lot is located on a quiet CUL-DE-SAC with UPSCALE waterfront homes on both sides of the street. EASTERN EXPOSURE offers beautiful sunrises. Lot is located on the western section of Unit 60 for faster boating access out. This area is part of the City of Cape Coral’s New Vision planning. Big things are on the way! 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!!! Close to the access bridge for easier boating access out to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more…. Not to mention…this area offers some of the best fishing to be found anywhere in the world. You’ll also love that this lot is only a few miles away from an 18-hole Championship Golf Course. INVESTORS AND BUILDERS—don’t miss out on this up and coming area with lots of new Custom homes being constructed in the neighborhood. Close to shopping and restaurants…. And Fort Myers International airport is only about 30 miles away. Call today!
Click here to see more…
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“Backyard News”
Cape Coral:
- Inventory levels surge year over year with of nearly 10% throughout the year. Of all active inventory, new construction makes up approximately 25%, a contributing factor to the wide difference of both years.
- 471 sales in June a minute drop from last year, although not surprising since higher inventory levels typically bring a decrease in sales activity.
- The average sales price rose to $295,000 in June up from $278,000 in June 2017.
- Inventory levels at 3.6 months.
Fort Myers:
- Unlike Cape Coral, Fort Myers inventory levels have remained neutral from a year ago.
- Approximately 7% of all active inventory is new construction homes.
- 350 sales a jump of 12% in one year, 2018 outperforming 2017’s roller coaster like year.
- The average sales price fell by nearly 5% from a year ago to $318,000 and inventory levels are at 4.2 months.
“Industry News”
Introducing the Secured Buyer” program. We will be able to have the buyer fully underwritten AND having a rate locked up to 90 days WITHOUT having a property in place. That means that while they shop for a home we can have their entire file underwritten and rate locked in a rising rate environment.
New Fannie Mae DU guidelines that affect the following:
o Bankruptcy and Mortgage delinquency assessments
o DU Validation service
o HomeStyle Energy
o Potential Caseline Reuse
o IPC Data field Retirement
o HFA Preferred and Preferred Risk Sharing
o Updates to Align with the Selling Guide
For more… click here for Cape Deb’s Blog…..
Have questions? Need Cape Coral Real Estate assistance? Call Deb Cullen at (239) 233-2322 or click here…..
