Cape Coral Florida Real Estate News
November 2020
State and National News:
- NAR Forecast: 2021 could be real estate’s best winter ever Read more…
- Survey: Gen Z expects homes to come with tech Read more…
- NAR’s 2020 Buyer/Seller Survey finds 14 Pandemic-led changes Read more…
- South Florida: Frenzy over real estate here continues, no sign of cooling Read more…
- Fla. misses Snowbirds — and Snowbirds miss Fla. Read more…
- Homeownership creates wealth even if that’s not the goal Read more…
- Homes usually sell for less in Dec.– but not this year Read more…
- A vacation home for escape? Online searches hit 5-year high Read more…
- Homebuilding is Booming — But will it be enough? Read more…
Taxes, Financing, Insurance, and more:
- Mortgage rates fall to new low Read more…
- FHA proposes private flood insurance options Read more…
- Amendment 5 and Tax Benefits: What it means for Fla. Sellers Read more…
- Reverse mortgage: Who is it right for? Read more…
- Nation’s top state for wire fraud? Florida Read more…
Cape Coral and Florida News:
- Best places to retire? 13 of the ‘Top 25’ are in Fla. Read more…
- Vietnam Veterans’ Memorial moving to Cape Coral Read more…
- Cape Coral purchases more land for Festival Park Read more…
- Lee, Collier Counties: SW Florida real estate explodes Read more…
- New affordable housing coming to Cape Coral Read more…
- New rehab hospitals set to open in Cape Coral and Naples Read more…
- Cape Coral seeks $2M in state funding to push Chiquita lock removal Read more…
- Encompass Health pays $4.1M for Cape Coral land Read more…
Tips:
- 12 Sneaky ways your home is draining you account Read more…
- 15 Holiday Decorating ideas Read more…
Nature and Parks:
- Cape Coral Parks Map Read more…
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HELP !!!
RECORD LOW INVENTORY!!!!
Need listings!
Everything is selling quick!!!
If you (or someone you know) are thinking about selling your home …. NOW IS THE TIME!!!
Call Deb today…239-233-2322!
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~ Two FEATURED Properties ~
Waterfront Lot….3207 NW 5TH AVE, Cape Coral FL … Only $11,900
Waterfront! Waterfront! Waterfront! This residential lot is located in Unit 40 on the Syracuse Canal. Eastern Exposure. City shows this lot is NOT in a Special Flood Hazard Area. EVERYONE IS MOVING TO SUNNY SW FLORIDA!!! City of blue skies, lots of sunshine and beautiful palm trees. Imagine building your dream home in this lovely community and living the Paradise dream…. Or keep it as an INVESTMENT as we watch the City grow!!! Cape Coral offers Saltwater Boating Access from different Community Boat Ramps located throughout the city, which gives 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. You’ll love that this lot is about 4 mile to an 18-hole Championship Golf Course. And easy access to the Fort Myers International airport only about 30 miles away and Punta Gorda Airport about 20 miles. PRICES ARE ON THE RISE so hurry and call today!
Click here to see more…
Gulf Access Lot …1102 SE 13TH AVE, Cape Coral FL … Only $64,900
GULF ACCESS lot!!! Home site with SEAWALL on the RUBICAN CANAL located in unit 22. City water/sewer in and ASSESSMENTS PAID!!! Don’t miss out on this established neighborhood close to shopping, restaurants, Mid-point Bridge and more… Great location centrally located off Del Prado with easy access to Fort Myers. City shows this lot is NOT in a Special Flood Hazard Area. Northwest exposure. 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. Not to mention, this area offers some of the best fishing to be found anywhere in the world. Located about 8 miles to the Cape Coral Yacht Club beach, 20 miles to Sanibel beaches, 15 miles to Fort Myers beach. Easy access to the Fort Myers International airport only about 20 miles away and Punta Gorda Airport less than 25 miles ….. Call today!!!!
Click here to see more…
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Backyard News:
“Cape Coral”
- The beginning of the 4th quarter and especially the month of October, Cape Coral tends to see an uptick in new listings. It’s customary that we see the beginnings of a listing increase in the market but as we’ve seen this year with lowest number of homes, levels don’t appear to being replenished any time soon.
- Sales topped off at 582. Even during the distressed sales days, absorption rates have never been this high, a jump of 42% in one year and an 85% absorption rate making it one of the best months’ in 3 years.
- 18% gain year over year and a 4% increase in one month. While inventory levels are one of the lowest in the area/country, prices are becoming more and more unstable as we near the $350k mark.
“Fort Myers News”
- Active single family homes plummet 34% in one year with no clear end in sight.
- Fort Myers has a new record selling month. 412 single family home sales and a 52% absorption rate last month. These numbers are more aligned with summer months and not Q4 ones.
- Fort Myers single family homes sold for an average price of $419k, although not a huge difference from the month before, year over year it’s a 32% increase.
“Industry News”
- “Forbearance ALERTS” are beginning to pop up in certain files during underwriting, when lenders pull “Fraud Guard reports.” If borrowers did not accept, and are not currently in forbearance – signed LOEs should contain following the verbiage: Letters (LOE’s) should state if they ever called to inquire about payment options, if they were granted options, and what they chose to do (most pay despite a forbearance). If this pops up when reports are pulled, even with a LOE, the lender will do their due diligence to ensure there are no problematic issues or undisclosed information.
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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…..
