Cape Coral real estate, not selling?
HA HA.
I just did a comparison for Single Family home sales for the first quarter of 2007 vs. the first quarter of 2008. I didn't address condos or vacant land.
Just Single Family Homes in Cape Coral.
(Read this or just go look at the pictures if you are visual)
Here's what I found:
NO, none, zip, zero homes sold in Cape Coral from Jan 1, 2007-March 30, 2007 Under $100,000!!!!
Guess what though? That same time frame in 2008 we had 42 single family homes sell for under $100,000 - that is GREAT news for first time home buyers and investors. One actually sold for as low as $42,000 - seriously, I couldn't believe it either. It needed some work but STILL - WOW!
In this first quarter of 2007, MOST (70%) of the sales were in the $200-500,000 range. But in 2008 (first quarter) MOST (49%) were in the $100-200,000 range!
Here's the best part, over that entire 3 month period, 594 single family homes sold in 2008 versus only 536 in 2007 - BUT DON'T WORRY - NOTHING IS SELLING IN CAPE CORAL :) (That's sarcasm folks).
The buyers are making INFORMED decisions about buying.
Also, interesting to note, about the same amount of homes sold each year first quarter in the $500-1,000,000 range. But half as many sold in the over $1,000,000 range in the first quarter of 2008 versus the first quarter of 2007.
Another tidbit of Information:
Least Expensive First Quarter 2007 single family home sold: $102,900 - Most Expensive: $3,000,000
In the First Quarter of 2008: $42,000 - Most Expensive: $1,700,000
*This data was compiled through our local MLS system & did not take into account those sold without the assistance of the MLS.
Yours in Success,
Susan Milner
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
It seems that there are buyers if the prices are right. My buyer this month has had a terrible time winning deals. It seems that every time we offer a full price plus contract, cash in 15 days, we get into a bidding war. He's learning to play the game, but there are a lot of people going after these low prices.
Did you see the huge crowd at Harbourside for the Countrywide auction? And every person had posted a $5000 cashiers check to get in. Wow!