Here in Cape Coral FL, we have many homes for sale, whether it is a
traditional sale due to relocation, upgrading, or downsizing, or the
many being sold due to foreclosure, or short sale. Has the
economy influenced the rate at which homes are selling, as portrayed by
the media? Or, are more people buying because home prices continue to be
discounted, and offered much more economically than in past
years? Here are the statistics below:
Homes priced from
$0 to $150,000
1st and 2nd quarter of 09′ combined, the number
of sold properties were 3,159.
1st and 2nd quarter of 10′ combined, the number
of sold properties were 2,778.
Homes priced from
$150,000 and above
1st and 2nd quarter of 09′ combined, the number
of sold properties were 868.
1st and 2nd quarter of 10′ combined, the number
of sold properties were 806.
What we can gather from this information, is that home sales have
remained virtually unchanged from this year to last. The media
likes to negatively portray our areas real estate market as being on a
downward cycle, but the reality is that we are selling homes. The
very slight decrease from last year’s is most likely due to the slightly
longer than normal negotiation times associated with bank owned
properties and short sales.
It is certainly a great time to buy, homes are offered at huge
discounts from the preceding years, interest rates continue to be at
some of the lowest levels ever offered, and financial institutions are
loaning money more freely again.
If you thought living in Florida was just a pipe dream, it could be
your reality. If you are interested in searching for a new home
take advantage of our user-friendly home search.
Yours in Success,
The Florida Future Realty Team
(239) 542-8521
inquiry@FloridaFutureAgents.com
Copyright Susan Milner of Florida Future Realty