Cape Coral's real estate market is in someways similar to the current hurrican season. It has been calm as of late. I have my fingers crossed that the hurricane season remains that way through the rest of the year.
But there is one prediction I will make about the upcoming winter season. The Cape Coral real estate market is positioned to explode. Here is why: Supply and Demand! As of late the supply of Cape Coral homes for sale has been steadily decreasing over the last several years. In fact we are at about the lowest level I have seen since the early 2000's.
The reason the inventory is so low is in part due to the minimal amount of foreclosures left and the steadily decreasing supply of short sales. I dont' want to say we are out of that mess, but the majority of owners have since sold there homes. Banks are no longer driving the markets. Real sellers with real equity are the few that are selling.
Remember that saying about the only two things certain in life: Death and Taxes, well I have two more to add to that list.
First It is darn cold up north every winter and secondly every day someone new is retiring! Combine those two factors and the the demand for Cape Coral homes will continue. This winter IT WILL SNOW up north. I can here the conversation now. "I can't stand this weather, I am moving to Florida" So like clockwork Florida will see an influx of retirees and northerners who hate the cold.
My prediction is this winter the prices will again increase to the joy of sellers and the disappointment of buyers. Here is the really good news though if you are a buyer. Today's prices are still much lower than the peak in 2006-2007. In addition if you get here early enough you can still get a great deal on a Cape Coral home.
Don't wait. Start your search at our new site www.villarealty.com You can sign up for notifications and alerts to discover all the newest homes as soon as they come on the market.