Good News in the Real Estate market...REALLY!!

Are you tired of all the doom and gloom on network news and in the papers? I know I am. Yet, even our local paper tends to sensationalize the negative issues of the day. Instead, I'd like to share some positive points about the real estate market in my home town of Cape Coral, Florida.

1. Today's weather is sunny, clear and temperatures in the 70s.
2. The SW Florida region leads the state in International Buyer Sales.
3. November marks the 5^th month in a row that unit sales (number of homes sold) exceed any previous year's sales
4. The ratio of list price to sale price is climbing (currently 96.33%)
5. Vacant land sales were up 36% over November 2007 in number of units sold
6. Foreclosure sales represent 62% of all home sales in November and selling ratio is 98.51% of list price in that group
7. Foreclosures and short sales represent only 11% of the listings on the market, yet they are 78% of all November sales
8. 47% of all homes sold in Cape Coral sold for under $100,000 in November
9. 85% of all homes sold in Cape Coral sold for under $200,000 in November

Although November was a tough real estate market in the nation, as sales units were down 20%. Yet, here in Cape Coral, our units sold were up 162%! Southwest Florida continues to be a featured topic on national news and business programs.

As a prospective property owner in Southwest Florida, one couldn't pick a better time to buy. Imagine your dream home at 30% off! We are finding many future retirees purchasing a second home property as an vacation home, investment, or seasonal rental and capitalizing on the opportunities here.

We welcome your calls and emails and would be happy to help you find the ideal property in our waterfont community!