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Fort Myers - Cape Coral area Lee County
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Old 07-20-2012, 12:41 PM
 
10 posts, read 23,494 times
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House price seems picking up a lot from last year. Seriously, how realistic it is to get a 3/2/2 house in CC for under 100k right now? Any idea?
Not foreclosure, not short sale, need water and sewer on central (or at least assessment paid)
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Old 07-21-2012, 08:38 AM
 
Location: Florida Space Coast
2,356 posts, read 5,096,251 times
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Quote:
Originally Posted by flying_sky View Post
House price seems picking up a lot from last year. Seriously, how realistic it is to get a 3/2/2 house in CC for under 100k right now? Any idea?
Not foreclosure, not short sale, need water and sewer on central (or at least assessment paid)
I think it is still realistic. 3 yrs ago there were thousands to choose from now there are only a dozen. They may need some work or it could be a situation where someone else bought a short sale or foreclosure for low money and trying to flip for a quick profit. The issue is there are usually like 10 offers on these houses within a week of them coming to market and they sell fast. You need to already know the area and what you are looking for and pull the trigger fast. August and september are the slowest month for real estate in sw florida so you may find there is not as much competition during those times. Would help if you were working with a realtor. I would endorse ccressi or jeff tumbarello on this forum.
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Old 07-21-2012, 02:11 PM
 
Location: Cape Coral, FL
646 posts, read 1,643,308 times
Reputation: 380
Quote:
Originally Posted by flying_sky View Post
House price seems picking up a lot from last year. Seriously, how realistic it is to get a 3/2/2 house in CC for under 100k right now? Any idea?
Not foreclosure, not short sale, need water and sewer on central (or at least assessment paid)

Currently as of 4:07pm Saturday July 21st, 2012 there are 251 Single Family under 100k in all of Lee County currently Active on the market(not including Active Cont. or AC short Sale).

60 are in Cape Coral
36 of those are not foreclosures/Reo or short sales
6 of those have city utilities in

Inventory levels are low. Prices have stabilized in this market and there is still tremendous demand for these properties. Multiple offers are usually the case. Cash is king.

I hope this helps!
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