Cape Coral Florida Real Estate News
December 2019
State and National News:
- Average Fla. Homeowner 55 yrs old Read more…
- House Funding Bill extends Flood, Terrorism Insurance Read more…
- RE2020 Forecast: Growth, slowing price gains, no recession Read more…
- New York vs. Florida: Tax difference between two States Read more…
- Study: Which Tactics work best in a bidding war Read more…
Taxes, Financing, Insurance, Scams, and more:
- Relocate to Fla. for Tax Purposes? Here is how it works Read more…
- The Gift of a Home Down Payment: What you should know Read more…
- 43% of Renters saw fake listings during their home search Read more…
- Fed Stands Firm: No interest changes this month Read more…
- False Homestead claim lands man in jail Read more…
- Fact Sheet: Why should I buy flood insurance? Read more…
- How to Avoid the Pitfalls in Homeowners Insurance Read more…
- Snowbirds can be taxed as Florida Residents: Here’s how Read more…
Cape Coral and SW Florida News:
- Cape Coral ‘On the Move’ City Newsletter Read more…
- U.S. News unveils the 2020 Best Places to Retire Read more…
- Three Florida areas among the biggest ‘boomtowns’ in Nation Read more…
- Lock removal fails legal challenge Read more…
- Eden Oak site eyed by Conservation 20/20 Read more…
- Plans to preserve land near Four Mile Cove stalled until Cape Coral fixes damages Read more…
- How does Cape Coral’s noise ordinance compare with other Florida cities? Read more…
- Job outlook in Lee County ranks third in the nation Read more…
- Kismet Lakes Grand Re-opening Read more…
- Ground broken for Porto Vista apartments Read more…
- Cape Coral Police want new training facility Read more…
- The 6 Most Affordable Cites in Florida Read more…
Real Estate Tips:
- 10 ways the average American Home is different today than it was in the 60’s Read more…
- 20 Things to get rid of before the New Year Read more…
Nature and Parks:
- Cities are building Elder Playgrounds for Boomers to exercise and play Read more…
- New revised parks concepts revealed in Cape Coral Read more…
- Cape Coral Parks & Recreation Fall/Winter Program Guide Read more…
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MERRY CHRISTMAS TO YOU AND YOUR FAMILY! And thank you for you’re 2019 business.
Click here to view the map of beautiful Cape Coral homes with holiday lights…
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~ December’s FEATURED Property ~
3011 Ceitus Pkwy, Cape Coral FL — $459,000
RARE OVERSIZED OASIS!!! Exclusive piece of Paradise! *** ASSESSMENTS PAID by Seller at closing! That’s an over $34,000 benefit *** Stunning INTERSECTING & BASIN VIEWS from approx 255 ft of waterfront. Lush landscaping! Recently resurfaced TENNIS COURT with fiberglass mat, new net & backboard. Solar and heated POOL with waterfall. Great room OPEN FLOOR PLAN with sliders that pocket behind the wall. Two Master suites; one with large sliders & entry to pool, waterview, walk-in closet, & en suite bath. The other with en suite bath and office with separate entry. Guest bedroom has POOL BATH nearby. Owners have made substantial improvements in the past few years: NEW high efficiency a/c system, NEW hot water heater, entire house re-piped, NEW gorgeous black aluminum FENCE, upgraded lights and fixtures, Suntamer window filters for energy saving, NEW roof on WORKSHOP along with updated electrical & insulation, GRANITE & STAINLESS appliances, 8” of attic insulation, HUGE BONUS ROOM added, and more… Only about 28 miles from the Ft Myers Int’l Airport and 21 miles to Punta Gorda Airport. Walking distance to shopping, restaurants & more…
Click here to see more…
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Backyard News:
“Cape Coral”
- A small increase in inventory last month, the customary double digit gain Cape Coral normally sees at this time is non-existent this year. Not to mention, inventory levels are the lowest they’ve been in six years and have plummeted by 27% since January.
- November 2019 has gone down in the books as one of the highest November reported Sales in well over a decade. Sales continue it’s positive momentum and rose 14% from 2018.
- Absorption rates unseasonably high for this late in the year at 23%, with the average sales price nearing the $300k mark again this year with a healthy 8% gain from last year.
- New construction permits down from a high in October and no notable change from the 2019FY. New construction sales make up nearly 18% of all sales in Cape Coral
“Fort Myers News”
- Inventory levels have not been this low in almost 10 years and the much expected 10-15% increase we normally see this late in the year may not become reality. In fact, inventory rose by only 1% which is a far cry from past years and one can’t help but wonder what 2020 will bring.
- What appeared to be a transitional year from the hyper-supply to recession in 2018 now appears to be back to expansion levels.
- At first glance, the monthly comparison in prices appears that FM had negative appreciation in 2019, however after further review there was a property which sold for $7 mil, remove that and prices actually rose 3.5%.
- New construction permits in November were 207, down from October but up nearly 19% from a year ago.
“Industry News”
- The Federal Housing Finance Authority (FHFA) have raised their conforming loan limit by 5.38% to a maximum amount of $510,400 for Fannie, Freddie and Conventional loans. FHA is $331,760 all will take effect in 2020, however if closing a Conventional loan in December, the new limit will apply.
- Beginning in 2020 VA Loan will have no limit caps. Under the new rules, vets can get any loan amount via VA that can independently qualify to receive, though banks can still put in some restrictions to protect themselves against defaults. For example, some lenders may require higher credit scores or debt-to-income ratios in qualifying for the loans. The loans likely apply only to a borrower’s primary residence too.
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…..
