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Old 03-18-2012, 06:31 PM
 
Location: Raleigh, NC
19,437 posts, read 27,838,210 times
Reputation: 36108

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We spent 3 months in Cape Coral last winter and really enjoyed the area. We loved the fishing, and the idea of living on one of the canals. We looked at several single family homes and condo's with slips on the canals and were very surprised at the low prices. Many of the homes were older and needed a good bit of updating, but still, they were pretty cheap. There seemed to be many under the $200K price point on a canal.

Have the prices stayed steady, or gone up or down?

Same questions would apply to Ft. Myers, please.

 
Old 03-18-2012, 06:52 PM
 
Location: Cape Coral
5,503 posts, read 7,333,723 times
Reputation: 2250
Top 10 turnaround towns - Fort Myers, Fla. (4) - CNNMoney
"Median listing prices for the Fort Myers metro area saw the biggest increase in the nation last year, up 31% compared with 12 months earlier, according to Realtor.com. That trend should continue thanks to shrinking housing inventory, which was down 35% year-over-year. "
 
Old 03-18-2012, 07:01 PM
 
1,299 posts, read 2,349,784 times
Reputation: 245
Foreclosures are still increasing month over month.
Keep your eye on the ball, because they are going to go lower again.
 
Old 03-18-2012, 07:06 PM
 
Location: Cape Coral
5,503 posts, read 7,333,723 times
Reputation: 2250
Quote:
Originally Posted by equalrightsforeveryone View Post
Foreclosures are still increasing month over month.
Keep your eye on the ball, because they are going to go lower again.
Careful with equal's advice. He has been wrong for the past two years.
 
Old 03-18-2012, 07:15 PM
 
Location: The Conterminous United States
22,584 posts, read 54,294,239 times
Reputation: 13615
Prices are up and will continue to rise.
 
Old 03-18-2012, 09:05 PM
 
Location: Cape Coral, FL
646 posts, read 1,642,233 times
Reputation: 380
Under 200k inventory has gone down, but you can still find a nice home. Just might need to act quickly if you see something, bc we have an influx of buyers here this winter and more qualified buyers than last year. IMO

Good luck to you!
 
Old 03-19-2012, 04:50 AM
 
Location: Twin Cities, MN 55337, Outing, MN 56662, and Cape Coral, FL 33904
96 posts, read 212,007 times
Reputation: 58
Home Values: 5 Best Markets | Bankrate.com

In this study (Q4 '10 to Q4 '11) Cape Coral/FM was #1 best market in the country. Prices up 25.6% year over year.
 
Old 03-19-2012, 05:27 AM
 
Location: Indiana and Cape Coral
282 posts, read 1,008,907 times
Reputation: 151
Prices have definitely gone up. I'm not a real estate agent but I watch the market very closely. We are on our 4th house in 5 years in Cape Coral. We have had one in the SE, 2 in the SW and now we are in the NW and keeping this one. We thought about buying a fixer upper and updating it but the prices have gone up too much and it wouldn't be worth it.
 
Old 03-19-2012, 06:11 AM
 
Location: Florida Space Coast
2,356 posts, read 5,091,624 times
Reputation: 1572
Prices should be stable right now. In 2011 there were about 1450 single family homes. It hasn't changed from there at all During last years tourist season inventories were dropping about 100 homes per month. That did not happen this year. The psrcent of distressed sales to con entional sales is lower which would make prices higher and conventional homes can have higher prices due to not having to compete with the foreclosures. Theses next 3 months are usually the busiest and command the highest prices but of course every summer sales volume drops and the people who really want to sell are going to drop their prices.
 
Old 03-19-2012, 06:07 PM
 
Location: Pittsburgh
374 posts, read 796,238 times
Reputation: 367
I started looking mid 2009 and bought at the end of 2009. When I was in the market to buy, there were soooo many units available in my price point... Now there are just stragglers in that same price point. I wanted to try and get in on another condo, but sad to say there is very few to choose from.
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