Cape Coral Florida Real Estate News

May 2019

 

State and National News:

• Which Fla. Cities offer the most bang for the investment buck?   Read more…
• 10 U.S. States now provide homebuyer savings accounts   Read more…
• More homes go solar to save money, protect environment   Read more…
• It’s official: AARP designates Fla. an Age-Friendly state   Read more…
• What does a ‘normal’ market look like?  This one   Read more…

Taxes, Financing, Insurance, Scams, and more:

• How to appeal property taxes   Read more…
• Bank of America offers 10K to lower-income buyers   Read more…
• Want flood insurance before hurricane season?  Act now.   Read more…

Cape Coral and SW Florida News:

• 11 Fla. Cites ranked desirable by U.S. News & World Report   Read more…
• Cape Coral seeking approval for outside seating at Streetscape restaurants   Read more…
• Cape Coral to cement plans for benches at bus stops   Read more…
• Sidewalks improvements coming to Del Prado in Cape Coral   Read more…
• Cape Coral Fleet Management ranked 15th best in the nation   Read more…
• Cape Coral to hire more firefighters, add more fire stations   Read more…
• Governor DeSantis appoints blue-green algae task force   Read more…
• What to do with the Chiquita boat lock?  Read more…
• Cape Council addresses affordable housing proposals   Read more…
• Cape Coral-Fort Myers make Census list of fastest growing metro areas   Read more…
• Cape Coral plans to approve engineers for park renovation plan   Read more…
• Cape Coral to get second Aldi grocery store off Pine Island Rd   Read more…
• Boat trailer parking payment boxes to be eliminated in Cape Coral   Read more…
• Myriad Luxury Motorcoach Resort in Cape Coral   Read more…
• Cape Coral extends high-rise Village Square project again, passes land-use overhaul  Read more…
• Cape Coral considers association’s proposal to beautify city with murals   Read more…

Real Estate Tips:

• 8 Cleaning products that won’t have you lifting a finger   Read more…
• 15 smart ways to organize every room of your home   Read more…

Nature and Parks:

• Cape Coral to consider preserving land for gopher tortoises   Read more…
• Parks and Recreation 2019 Summer Program Guide   Read more…

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TWO FEATURED Properties:

1503 Burnt Store Rd, Cape Coral  — WATERFRONT GULF ACCESS w/two boat lifts. REDUCED to $399k

Every fishermen’s dream….WATERFRONT GULF ACCESS HOME with TWO REMOTE CONTROLLED BOAT LIFTS!!! Double dock with one 10,000 lb lift and one with 7,500 lb. NEW Boat Canopy in 2018! Underwater fish light to watch giant fish swim right up to your docks. COMPOSITE DECKING for easy maintenance. Inside is gorgeous too!!!… TRAVERTINE flooring in almost every room. Large Great Room with tray ceiling has views of the water. Formal Dining Room and Den. Huge kitchen with center island. Split floor plan offers two bedrooms on one side of home and master bedroom on the other for the utmost privacy. Imagine floating the day away in your HEATED POOL with a SALT WATER SYSTEM. Nicely landscaped with attractive aluminum FENCE, palm trees and water pond. WHOLE HOUSE R/O system. Only one bridge to go under for great Boating access 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. Close to shopping, restaurants. golf, etc… Fort Myers International airport about 30 miles away and Punta Gorda airport approx 20 miles away.

Click here to see more…

 

 

5220 Tower Dr, Cape Coral  — Waterfront Gulf Access home in YACHT CLUB AREA. REDUCED to $249,900

LOCATION! LOCATION! LOCATION! Spectacular waterfront DIRECT BOATING ACCESS TO THE GULF OF MEXICO from this Yacht Club area home. NO BRIDGE! Located just around the corner from the Bimini Basin. This diamond in the rough is priced right & just waiting for your TLC. City water/sewer in & ASSESSMENTS PAID! Attached garage. Dock with pilings & electric make installing a lift that much easier. Nice long backyard. Outside patio seating area & a generous screened lanai area. En suite master bathroom also has access to the backyard. Looks like plenty of room for a pool. Terrazzo floors. H/W heater new in 2017. Storm shutters for lanai sliders & awning-type shutters on several windows. Well-manicured lawn & landscape. SW exposure offers beautiful sunsets in Paradise. Boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand, etc. Located close to the up and coming DOWNTOWN area with popular restaurants & activities. And the YACHT CLUB BEACH, YACHT CLUB and Boathouse Tiki Bar just a little over a mile away. Quick access to the Fort Myers Int’l airport only about 18 miles away.

Click here to see more…

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“Backyard News – Cape Coral”

• Typically inventory begins its decline in the first part of the second quarter, primarily April into May therefore the fact that levels remained virtually unchanged is no departure for the time of year. Total active homes in Cape Coral were 2,316, the highest they’ve been in years.
• Year over year comparisons show distressed listings nearly doubling in March to 100, although still below normal market levels they remain unchanged from the month before.
• 463 closed single family homes last month a jump of nearly 40% and the second consecutive month of increased sales.
• Nearly 50% of all closings are in the $200-$299k price bracket which is this area’s “sweet spot” however, this price point is an equal level playing field for buyers and sellers and roughly 40% of our market is within this price range.

“Fort Myers News”

• Fort Myers inventory fell last month by 4%, which is exactly what we expect to see at this time of year. Total active single family homes are 1,788.
• A surge in closings is also an expected sign and in fort Myers that meant 328 up from 230.
• Average single family home in Fort Myers fell from a year ago by 1% to $330,000 down from $334,000 the year before.
• The majority of all sales in Fort Myers are within the $300k-499k range and the average inventory in this range is borderline a buyers’ market with 5.6 months of inventory.

“Industry News”

• FHA underwriting standards may affect many would be buyers with its new underwriting policies that are effective now. Large numbers of applications could be rejected in the coming months. FHA recently informed lenders nationwide that from March 18 onward, it would be applying more stringent standards to applications from high-risk homebuyers. FHA documented that lenders must now conduct manual analysis of every new loan applications that is flagged as high risk.

 

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…..