Cape Coral Florida Real Estate News
January 2019
State and National News:
- Florida Realtors 2018 Profile of Home Buyers and Sellers Read more…
- How much income do you need to rent a house in each State Read more…
- Desantis, Rooney take action on water quality Read more…
- Foreclosure activity drops to a 13-year low Read more…
- DeSantis unveils major environmental reforms including $1B increase for water quality protection Read more…
- More S. Fla. owners using PACE for energy upgrades Read more…
Taxes, Financing, Insurance, Scams, and more:
- 30-year mortgage rate falls again to 4.45% Read more…
- Who can receive compensation for referrals Read more…
- What will cause the next recession? Not what you think Read more…
- Fla. Brokers use new tax law as marketing tool Read more…
- Reverse Mortgages don’t always help older adults Read more…
Cape Coral and SW Florida News:
- America’s 10 fastest-growing retirement hot spots Read more…
- Northerners increasingly search for homes in SW Florida Read more…
- Best places to retire in America Read more…
- Volunteers plant thousands of trees along Veterans Parkway Read more…
- Sister city may invest in Cape Coral come February Read more…
- Cape Coral City Council to change election years Read more…
- Another 1,460 homes approved for Corkscrew Road, has links to nearby project Read more…
- Lee County Commissioners approve $14 million road widening project in Cape Coral Read more…
- Cape Coral planning to replace more than 100 trees Read more…
- Purple Heart exhibit opens in Cape Coral Museum Read more…
Real Estate Tips:
- Remodeling Magazine releases 2019 Cost vs. Value Report Read more…
- What does a 100% smart home look like? Read more…
- What is ‘Cwtch’ and why should you care? Read more…
Nature and Parks:
- $60M approved for Cape Coral Parks Read more…
- First ‘Ground Owl’ Day in Cape Coral Read more…
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Broker Yoselyn Hollows just announced 2018 results…..
Thank you to all my wonderful customers for a great 2018!
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TWO FEATURED Properties:
1702 & 1703 NW 43rd Ave, Cape Coral — RARE 4 Lot GULF ACCESS SITE…
1702 AND 1706 NW 43rd Ave SOLD together — RARE FIND!!! VIEWS! VIEWS! and more VIEWS!!! O V E R S I Z E D !!!! These lots with SEAWALLS already installed make one BIG 4 Lot GULF ACCESS homesite with almost ½ acre. Magnificent 250+’ WATERFRONT VIEW across the Bowie Canal. DIRECT SAILBOAT ACCESS (no bridge to go under) these lots offer good boating access. GORGEOUS WESTERN EXPOSURE will give you stunning sunsets….. This area is part of the City of Cape Coral’s New Vision planning area with LOTS of new construction nearby. Don’t miss out on this up and coming neighborhood. Imagine building your dream home….walking out your back door….getting in your boat and heading out to anywhere in the world….now that is ACCESS!!! Boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grande, etc. This area offers some of the best fishing to be found anywhere in the world. You’ll also love that this lot is about 2 miles from an 18-hole Championship Golf Course. Easy access to the Fort Myers International airport only about 30 miles away and Punta Gorda Airport less than 20 miles. Close to shopping, restaurants, etc…
Click here to see more…
1226 NW 39th Ave, Cape Coral — Just Reduced to $64,900
Location! Location! Location! Fabulous GULF ACCESS LOT located on cul-de-sac with WATERFRONT GULF ACCESS homes on both sides. WESTERN EXPOSURE will give you the sunsets that you desire….. Lot is located on the western section of Unit 60 for faster boating access. This area is part of the City of Cape Coral’s New Vision planning area with lots of new construction nearby. Don’t miss out on this up and coming neighborhood. Imagine building your dream home….walking out your back door….getting in your boat and heading out to anywhere in the world….now that is ACCESS!!! Boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand, etc. This area offers some of the best fishing to be found anywhere in the world. You’ll also love that this lot is less than 2 mile from an 18-hole Championship Golf Course. Easy access to the Fort Myers International airport only about 30 miles away. Close to shopping, restaurants, etc…
Click here to see more…
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“Backyard News – Cape Coral”
- Cape Coral single family sales totaled 321 a minimal dip from the previous month of 9. Overall for 2018, Cape Coral had a yearly gain of 10% in total single family home sales.
- Lee County closed over 13,279 single family homes in 2018, of those, Cape Coral made up nearly 40%.
- Cape Coral home prices have hit a lull, 2.2% appreciation for 2018. December’s average home sale price was $281,000, while inventory levels support a buyer’s market, the average list to sale ratio is a steady 97%.
“Fort Myers News”
- Inventory levels rose by 3% respectively in FM, bringing the total active homes to 1,677 with an average list price of $497,000.
- Another positive end to a solid area, FM sales contribute to 28% of all Lee County single family home transactions, making it the second largest.
- $331,000 is the average home (sale) price in FM, a yearly gain in appreciation of 5%, the highest of all three markets.
“Industry News”
- Effective for all loans with a Note date on or after December 21, 2018, Lenders will temporarily suspend the requirement for tax transcripts except for the following programs: Conventional Jumbo, Non-QM and Second Liens which must adhere to program guidelines.
- Under Congressional and industry pressure, FEMA has reversed its position on the impact of the shutdown on the National Flood Insurance Program. FEMA announced that NFIP insurers may resume the sale, renewal and monetary endorsements for flood insurance policies.
- FEMA added that the change is retroactive to December 21st and has been extended until May 31, 2019.
For more… click here for Cape Deb’s Blog…..
Cape Coral Weekly Market Watch
Have questions? Need Cape Coral Real Estate assistance? Call Deb Cullen at (239) 233-2322 or click here…..
