Cape Coral Real Estate - Bad news or Good news?
Cape Coral has sure made the news a lot in the past few years. It was a few years ago, double digit appreciation which spurred all of the ‘bubble' controversy. Everyone called and wanted to ‘invest' in Cape Coral. Some, as we know now, lost their shirts, but a lot of folks made a lot of money here and the city did grow.
Next we had some hurricane scares. Charley hit just north of us & caused quite a bit of damage to homes in Cape Coral. My phone rang off the hook with calls from people wanting to know about the real estate deals that must now be available. Yes, seriously. While I was worried that it would HURT our market it got our name out there again.
The newest news is all of the FORECLOSURES in Cape Coral. Guess what? Our phones are ringing off the hook again. People that had thought about moving here & weren't sure they could afford it are calling. Investors and snowbirds that were looking during our peak in 2004-2005 are wowed by the prices of today.
Our current market is about the hottest I've seen. We might have a lot of inventory but when you look at TRUE inventory (those that are priced to sell & can sell) it is almost not enough.
When myself, and other agents in my office, sit down with potential buyers going over their needs & wants at first the buyer is overwhelmed thinking so much is for sale. But once the details are plugged in & the search performed they are usually left with 5-10 properties that actually match their needs. The first 2-3 are usually pending within the first day or two of looking. Of course, more inventory will become available but this just goes to show you that even in THIS market homes are selling. 
My question is, what are you waiting for? Let's talk!
Yours in Success,
Susan Milner, Broker
Florida Future Realty, Inc.
(239) 218-2229
Search Cape Coral & other area listings: http://www.florida-future-realty.com/
Yours in Success,
Susan Milner
Florida Future Realty, Inc
http://www.YouTube.com/FloridaFuture
(239) 542-8521
Susan@SusanMilner.com
We also handle Cape Coral Short Sales......
copyright 2008-2012 Susan Milner of Florida Future Realty Inc
The trulia graph on your post seems to be representative of most all of the market value direction in America, Susan. Seems like your sheltered from the storm. Memphis is not the same type of community. We have a barrage of political corruption to contend with combined with high property taxes, poverty and crime. Anyone in the business where the air is sweet and the neighbors are nice can count their many blessings. I think that the current market situation will take 7 years to return to a healthy position, all over the country. Best wishes...