Are home prices still dropping in Cape Coral?

Asked by Aya123, 33993 Fri Jul 10, 2009

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Mark Washburn, Agent, Cape Coral, FL
Fri Jul 10, 2009
Median prices in Cape Coral have remained virtualy unchanged in the first half of 2009. The median selling price for a Cape Coral residential property in jan-09 was $95,300 and in jun-09 was $94,850.

Here is a recent post I authored on my blog about Cape Coral home prices in 2009:…
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Alexandra Fi…, Agent, Cape Coral, FL
Fri Jul 10, 2009
Robin seems to read the same news as I do and I do agree.
If there are enough buyers for the next option arm wave, we have nothing to worry about.
There were enough for the first wave.
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Carlyn Walton, , Cape Coral, FL
Fri Jul 10, 2009
I agree with Llyod and Tim it looks like prices are stablizing. I even see a few going up in the MLS. We do have to wait and see what happens with the next wave. There are not as many homes on the market now and it is getting harder to get my people in a home. It seems like everything is selling!
Carlyn Walton
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LLoyd Nichols, Agent, Fort Myers, FL
Fri Jul 10, 2009
Aya: It seems we have hit bottom and no they are not still dropping.However we need a few months of the same to see if its more then a trend.Cape Coral average home prices have actually raised in May and June.
good luck with your search,


LLoyd Nichols
Right Choice Realty LLC
cell: 239-810-2980
office: 239-463-5217
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0 votes
Tim Bishop, , Cape Coral, FL
Fri Jul 10, 2009
Hello Aya,

On the contrary, home prices are finally starting to stabalize a bit. There are still some amazing deals to be had but it is getting a little bit harder to find places on the market in the under 100k range that are move-in ready. There are still many foreclosures out there (and we are in the midst of a serious second wave of foreclosure property coming on the market as we speak) but, knocking firmly on wood, I'd suggest that the market is beginning to rebound, especially in Cape Coral. Now is a great time to be a buyer, that is for sure.

Take Care and please feel free to contact me if you have more questions or needs!

Tim Bishop
Century 21 Sunbelt
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