Has anybody noticed the uptick in Cape Coral sales?

Two things caught my eye this week. 

First of all, my buyers lost the first three offers they made to multiple offer situations.  Then we wised up and started bidding higher than list with our all-cash offers.  Now we are batting about .500 !  True, we are bottom-feeding, but I am amazed at the number of others who are also bottom-feeding.  Seems like bank-owned properties are attracting five to seven good offers, where a short time ago, that was not happening.  I also notice that many of the very low-priced homes on the MLS are disappearing, even the ones that need significant work.  Fixer-Uppers are in high demand.  This market is beginning to feel different!

Second thing I noticed, was that in the MLS today I saw 38 price increases in Cape coral Real Estate!  Now tell me that is not different!  Mostly homes by one builder, but that builder must see something different in the Cape Coral Real Estate Market.  Same builder was steadily eroding prices up until a short time ago.

I'm wondering how many of the home sales right now are finding their way to the MLS statistics.  So many channels for sales......I just wonder.   Banks seem to be moving their inventory via whatever means it takes, which is to be expected.  Countrywide is holding a big auction April 9.  I hope they make some progress with their inventory....it will help everyone.  Their auction covers a wide range of prices and locales, so the results should be informative.

The Coral Oaks Golf Course still seems to have a lot of unsold inventory in the $250-$500,000 category.  When these homes begin to sell, it should be a bellweather for the rest of the Cape's mid-range homes.  Waterfront homes seem to be attracting some attention already, but I'm surprised that the activity level isn't higher.

All we can do is keep strokin' !!

Jim Gibson
http://www.JimGibson.BIZ