Cape Coral Real Estate Sales Update - January to June 2009
Posted Jul 17, 2009 @ 6:13 pm, Viewed by 551 Visitors, Read 579 Times.The mid year Cape Coral real estate market statistics for both homes and condominiums are listed below. Cape Coral, known as the "The Cape" to locals, is one of Southwest Florida's most rapidly growing areas. It is the 3rd largest city in Florida in terms of land mass and features over 400 miles of both fresh and salt water canals - many with gulf access.
Cape Coral Sales Data
Cape Coral Home Sales January-June 2009*:
- 3596 Closed Sales
- Average Sales Price - $129,363
- Median Sales Price - $93,850
- Average Days on Market - 72
- Average Sales Price/Square Ft. - $69.39
Cape Coral Condominium Sales January-June 2009*:
- 243 Closed Sales
- Average Sales Price - $121,630
- Median Sales Price - $94,450
- Average Days on Market - 110
- Average Sales Price/Square Ft. - $81.82
In comparison with 2008 sales data, we saw a 95% increase in the number of home sales and a 49% increase in the number of condominium sales. We also have seen a 40% decrease in the average price for homes and a 30% decrease in the average price for condominiums. Average days on market fell by 21% for homes and by 25% for condominiums.
Like many rapidly growing cities in Florida, Cape Coral participated heavily in the speculative building boom in 2005 and 2006. As a result, the current market is suffering from a having a large number of foreclosures and short sales. The upside is that buyers have a wide variety of homes or condominiums from which to choose - many at prices not seen in years. And, in some of its more sought after communities like Cape Harbour and Tarpon Point, there are some really well priced properties available.
So, if you would like to explore more of what the Cape Coral real estate market has to offer, please contact us at Gulf Coast Associates, Realtors and we'd be happy to assist you. Call us at 888-617-3674.
*Sales Data Statistics from SWFL and NABOR MLS
Rate this Post!
Share this Post
Print
Social BookmarkingThis Post Has No Comments.
REW Blogs User Stats
Currently Online Users:
1
Total Users:
2,389
Entries:
7,601
Unique Views:
6,435,704
Total Views:
6,773,050
Total Comments:
9,370
Total REW Points:
510
Gulf Coast Associates is a private real estate firm specializing in SW Florida Real Estate. Benjamin Dona is the Broker-Owner. He and his wife Terry, an underwriter with 20 years experience, also own a federally-regulated mortgage banking firm, Metro Mortgage Company.
Originally from Saint Louis, Missouri we've lived and worked from our base in Bonita Springs since 1997. Read More
View My Listings
Contact Me
RSS Feed- This User's Stats
-
Blog Entries: 165Average Blog Rating: 0Unique Views: 322,504Total Views: 332,713Comments Posted: 42Comments Received: 78REW Points: 0
- Friends
-
Top Rated
REW Blogs RSS Feed