Cape Coral Florida Real Estate News
October 2018
State and National News:
- Study: Waiting 1 year cost buyers $168 per month Read more…
- What’s the status of year-round Daylight Savings Time in Fla? Read more…
- Support Amendment 2 toolkit Read more…
- Builders: Labor shortages are ‘significant and widespread’ Read more…
- Hotter rental demands pushes apartment costs higher Read more…
- More older homeowners delay downsizing Read more…
- Photographer sues Zillow for $81M over photo copyrights Read more…
- Median U.S. household income up 1.8% Read more…
- Tech can help reduce home energy costs Read more…
- 17 Fla. agencies receive HUD funds for disabled housing Read more…
- Suburbs are again growing faster than cities Read more…
Taxes, Financing, Insurance, Scams, and more:
- New-to-Fla. homebuyers should update their estate plan Read more…
- Sellers who inherited a house have unique problems Read more…
Cape Coral and SW Florida News:
- Cape Coral ‘On the Move’ Newsletter Read more…
- Some Fla. Cities top U.S. growth charts – Ft Myers no. 1 Read more…
- Contract between LCEC and Cape Coral approved Read more…
- How Cape Coral will spend your tax dollars next year Read more…
- Cape Coral population booms Read more…
- Second suspected mammoth bone emerges in Cape Coral Read more…
- Cape Coral distillery tops national list for 3rd time Read more…
- Votes decide whether city parks see upgrades in Cape Coral Read more…
- Cape Coral continues to grow Read more…
- Heard it through the Cape Vine: Dollar Stores abound in Cape Coral Read more…
- 5 Things to know about the Cape Coral Animal Shelter Read more…
Real Estate Tips:
- The design of homes in the year 2039 Read more…
- 50 home decor horrors you can’t look away from Read more…
- 18 clever storage ideas for hard-to-store stuff Read more…
Nature and Parks:
- Cape Coral environmental Read more…
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October’s FEATURED Properties:
222 SW 42nd St, Cape Coral – $399,000… Waterfront with access to the Gulf of Mexico!!!
Gorgeous 4 bedroom+ DEN/3 bath GULF ACCESS pool home with THREE CAR GARAGE; located in the sought after PELICAN Blvd area. Plenty of room for entertaining. This beautiful home had a HUGE addition and was fully remodeled around 2007. City water/sewer ASSESSMENTS PAID!!! Gourmet kitchen offers: GRANITE, Stainless appliances, built-in wall oven and microwave, cooktop, HUGE island seating area, crown molded cabinetry, built-in desk, and more. Home is beautifully TILED THROUGHOUT! Spacious Master Bedroom has private entry to the pool and plenty of room for a separate seating area. En-suite bathroom with JETTED SOAKING TUB and oversized shower Split floor plan for utmost privacy. Two guest baths: one with tub/shower combo and the other has access to the pool and is handicapped accessible including shower with grab bars and raised toilet. METAL ROOF! Driveway, walking path, cantilever dock, and pool deck; all with pavers. DOCK & BOAT LIFT. Garden Pond in pool area presents a tranquil feel. Beautifully landscaped with large PALM TREES. Located on side neighborhood street but close to restaurants, shopping, and more. Fort Myers Int’l Airport is less than 20 miles away.
Click here to see more…
4108 NW 35th St, Cape Coral – REDUCED to $268,500… POOL HOME!
Lots of room in this gorgeous POOL home located in up and coming area of NW Cape Coral. EXTERIOR FRESHLY PAINTED. Kitchen with island bar, crown molding cabinets, pot filler (for filling pots with water right on the stove), and more. Great curb appeal with fruit trees, olive trees, and fresh mulch. Comfy front porch, with pavers, to sit and watch the world go by. NEW A/C in 2016! Two separate den/office areas, one with double French doors. OPEN FLOOR PLAN makes this home light and bright. SOUTHERN EXPOSURE, which everyone loves since it keeps sun on the pool most of the day and shade in the relaxing and eating areas. Large pool deck and screened lanai has a ½ bath so no towel shuffling inside needed. Split bedroom floor plan offers HUGE Master on one side of the home and guest rooms on the other for the utmost privacy. Master bedroom has HUGE walk in closet and en suite bath with jetted soaking tub and oversized shower. Nice sized Guest rooms and TWO SINKS in Guest Bath. And guys… you will love the flaked finished garage floor. Less than 4 miles from an 18-hole Championship Golf Course and easy access to Ft Myers International Airport which is only about 35 miles away.
Click here to see more…
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“Backyard News”
- Distressed properties (both Short Sale and REO) have risen slightly over the last few months, they remain way below pre-recession levels and make up approximately 2% of all inventory.
- Closings continue to remain strong, year over year gain of over 7%. Distressed sales make up less than 2% of total closings in 2018 vs. 4% in 2017. Research shows that a market where distressed sales are below 5% is considered a viable, solid, sustainable one.
- New Construction permits is one of a market’s strength indicator and this month proves that this sector is thriving. There were approximately 241 permits applied for this past month and the number of issued permits have out surpassed 2017 by 24%.
“Industry News”
- The TDC (Tourist Development Council) has a reserve for beach clean (not canals) in the amount of $10 million dollars. The reserved funds will be used for the proper disposal of the algae. Disposing of the algae has proven to be the most challenging due to its toxicity. Currently, there are two separate grants for Algae and Red Tide cleanup in the amount of $1.1 million dollars which will be used in the hardest hit areas. To date, the Yacht Club area has been recognized as the hardest hit area (according to TDC) with a total of 1,200 tons of fish removed.
- The Small Business Administration (SBA) officially declared disasters for both red tide and blue-green algae. Small businesses who have been negatively impacted may be eligible for loans for up to $2 million. For more information, please visit: www.FLRA.org/algae
- Facebook removes Ad Options after HUD filed a complaint that the social network’s platform allowed users to discriminate based on the user’s race, color, religion, sex, familial status, national origin and disability.
- New Financing option revealed, called the AUS Non-Conforming Loan, which allows up to 95% financing with no MI. Rates are higher in addition to the high LTV and includes “cash outs” with no MI.
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…..
