Hyperlinck, Other/Just Looking in Lake Ozark, MO

Why are homes in Cape Coral are so reasonable and why it has such a large amount of foreclosures, short sales, etc. Is it taxes or insurance?

Asked by Hyperlinck, Lake Ozark, MO Thu Apr 18, 2013

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Hi Hyperlinck,
As you can see from the other responses, things have changed quite a bit in Cape Coral in the last few years. Our inventory of homes for sale is very low, and of course that means prices go up. Here are some current statistics as of this morning: 1,393 single family homes are active on the market. 74 of those are foreclosures, and 82 are short sales. Those are the real numbers directly from the MLS. What you may be seeing on Trulia or some other websites could be deceiving. Most of the distressed homes get multiple offers as soon as they hit the market and end up selling for at or above the asking price. There are still good deals out there, and our values are still relatively low compared to surrounding areas like Ft. Myers and other parts of Florida. But if you are thinking about buying, don't wait too long! We have seen an increase in median home prices of approximately 20% over the past year. Let me know if I can help further. Good luck.

Margie Birch
0 votes Thank Flag Link Fri Apr 19, 2013
The foreclosure listings and short sales have dropped tremendously. Our prices are now rising but you can still get a great buy. Feel free to search our local multiple listing service where you can view all listings regardless of what office or agent listed the property by visiting http://www.leecountyrealtor.listingbook.com
0 votes Thank Flag Link Thu Apr 18, 2013
In our building boom, Cape Coral was a bit over-built so when the bust happened several years ago, there was a flood of properties (foreclosure and otherwise) that came on to the market. The prices have rebounded, but are still a bit behind Fort Myers.
The amount of foreclosures and short sales have declined dramatically in the past year or so, as have the total number of properties that are currently on the market. As inventory decreases, prices have risen.

David Lang
Keller Williams Realty

0 votes Thank Flag Link Thu Apr 18, 2013
Prices have gone up and foreclosures and short sales are at an all time low.
Please visit my website and search all available homes in Cape Coral


or give me
a call at 239-699-0142 I would be happy to help you with your home search.

Thank you
0 votes Thank Flag Link Thu Apr 18, 2013
Hi, Prices have been going up and the numbers of foreclosures has dropped significantly. You can view accurate information and search the MLS on my website below.
Web Reference: http://www.joesansone.com
0 votes Thank Flag Link Thu Apr 18, 2013
I don't know where you are seeing these. We are seeing very few foreclosures and short sales on the market compared to what we were seeing. Are these realty trac listings? If so those are not homes for sale. Let me know if I can help.

Have a great day,
0 votes Thank Flag Link Thu Apr 18, 2013
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