Cape Coral, FL Real Estate News

By Mike Kelly
(Sellstate Advantage Realty)
Well the office continued to be buzzing with buyer activity all week. We are still seeing out of state buyers on a daily basis. We even had  a walk in on Friday and even though the latest statistics say 93% of buyers are going to the internet first, we are still getting 2 or 3 walk ins a month! I am sure that is due to our highly visible and convenient location on Cape Coral Parkway! We are looking forward to another busy week and hopefully a busy Memorial Day Weekend! The news press our local paper reported that the median price for a home in Lee County is $212,500 which is a declining of 34% since December 2005! And as expected there were only 84 building permits applied for in April less than 25% of a year ago! There are still unbelievable deals on the market for first time home buye...
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(Finacial Destination )
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
Joe Kendall with Sandals Realty writes, Cape Coral, Fort Myers, Lehigh Acres, Florida Foreclosures, Bank Short Sale and Bank Owned Property come in all prices, sizes and Colors! The selection, variety and location has never been better! Now is the time to Buy your Dream Home, Your Vacation Home, or Your Florida Investment Opertunity. Call Joe Kendall, Realtor with Sandals Realty for a complete list of what you might be interested? Homes, Condos, New Construction, High Rise, Waterfront, Ocean Front, Gulf Access, Gated Communites, Golf Course Living, the list is endless!        2005 Built 3 bed 2 bath                    3900 sq. ft. Gulf Access                Cape Harbour Condo Cape Coral Florida                          Bank Short Sale. Must See!            Gulf Access Resort Style Livi...
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By Scott Brenner
(Sellstate Elite Inc)
Greetings from SW FL! It's getting to a point where you can't ignore the headlines about SW FL in almost ever National media newspaper, TV, radio even NPR has done an investigative report on our housing market and the downward effect it has had on the local economy.  But when the headline fade from the public eye and buzz has quieted down my hometown is still one of the most beautiful places in the world.  Know what has been reported in the media, but what brought me to this area nearly 15 years ago is still just as true today as it was then. In fact when I first came to Lee County FL the nation was experiencing an "economic down turn" then as well. But back then we called it a recession, not an economic downturn; it seems to me we spin a lot of things today.  It's not a recession becau...
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By Mike Kelly
(Sellstate Advantage Realty)
The newspapers say there is "Blood in the Streets!" The evening news says,"It is a terrible market!" The 11 o'clock news says,"Foreclosures are at record numbers!"  There may be some truth to these,  but as someone who is on the front lines, we are busier than we have been in a few years! There are unbelievable deals down here in Cape Coral and Ft. Myers! Prices are down to where they were in 2002 and people who were priced out of the market just a few years ago, are now able to buy! The banks have tightened up the requirements for a mortgage, but we are writing contracts everyday for first time homebuyers as well as Baby Boomers! Just this week alone we had two properties with multiple offers, one home had 11 offers! Inventory although still at an all time high, is declining! The deals...
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By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/   New Listings 79   Back on Market 9   Price Increases 6   Price Reductions 112   Contingents 20   Pendings 37   Solds 21   Expireds 30   Inactives 11   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-...
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By Mike Kelly
(Sellstate Advantage Realty)
Today I celebrated another anniversary of the day I was born! I stopped celebrating B-Days a long time ago! My wife found it amusing to call and email everyone that I know and remind them, that today was my b-day! Because she was so thoughtful my phone started ringing at 7:45 this morning and it is now 10:00 PM and for the first time today I have been able to put my phone down for more than a few minutes! I am usually on the phone for 3 to 4 hours a day, so you can imagine what today was like! Quite a few times today I was asked,"Why are you working on your B-day?" I actually had to stop to ponder that question and I realized that I did not feel that I was working. Oh, I am not talking about all the calls I was answering from family, friends, fellow Realtors, clients and business associ...
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By Mike Kelly
(Sellstate Advantage Realty)
I have started to see a trend in our market that is very disturbing! There seems to be agents who are beginning to tell people, what they think they want to hear, instead of the truth! I am talking specifically about listings and pricing! There were always agents who would do anything to get a listing when the market was hot, but it seemed to have stopped as the market was declining! Recently we have seen an increase in this type of activity and I guess it is because we have had an increase in buying activity and these agents are looking for sign calls! These agents are misleading these home sellers by inaccurately pricing their homes and then locking them into a listing contract with penalties for early termination! This is wrong and very unethical to say the least! My experience has s...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
  Joe Kendall, Realtor with Sandals Realty writes. Here is an example of a home, I help one of my clients purchase! Listed for $128,000 offered $119,000 plus $10,000 toward the buyers closing costs and the Bank said, Drum Roll!  Yes! They will take the deal! No fancy charts or numbers for you to figure out, Just Old Fashion Service! Lets my years of experience work for you! It's not about how many listing's a Realtor has, or how many agents are on their team,  It's all about you and your home purchase! It's not about me, it's all about You!  Search Hundreds of Bank Short Sale Homes ! Visit www.joekendall.listingbook.com Sold 04/23/08 Listing # 200803557 1715 SW 3rd Ter Cape Coral, FL 33991-1383 Listing Price: $128,000   County: Lee       Property...
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(Finacial Destination )
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By Jay LaGace, Cape Coral / Lee County Real Estate - 239-443-8795
(RE/MAX Realty Team)
I wanted to share some surprising figures with you to shed light on our real estate market. Many buyers still remain on the fence about pulling the trigger. I urge you to read this email - we are down to inventory levels of 9 months. Most of the offers I am placing are up against multiple offers and my buyers have been beaten out of many homes because they have either low balled the offer or did not get in quickly enough. The investors are back and are blowing through our inventory.Interest rates are going to rise in the months to come and lenders are tightening their guidelines - do not miss your opportunity. I have personally closed over 30 transactions this year and the time to buy is NOW. We had a 1% price increase last month and all indications are showing that now is the time to b...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Cape Coral Real Estate | Riverfront Homes Under 1 MillionCape Coral riverfront homes can now be purchased for under 1 million dollars. These prices were unheard of until recently. The Caloosahatchee river is the separator of Cape Coral and Fort Myers. The river goes out to the Gulf of Mexico. The views are just amazing from the river in Cape Coral. Riverfont under 1milCape Coral - Cape CoralAddress: Read MoreEdith EsplanadeCape Coral, FL 33904Price: $899,900Photo 1 of 9 See MoreMLS ID: 200823402Property Type: Single Family HomeStatus: ActiveBeds: 3     Baths: 2     Sq Ft: 2237Agent Remarks:Don't let the age fool you on this updated pool home located on the Caloosahatchee River in Cape Coral. Home features updated kitchen with granite counters, new carpet, newer roof, hurricane shutter, ...
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By Barbara Klare, Broker Associate, Jones & Co Realty
(Looking For a Real Estate Value in Cape Coral or Fort Myers?)
What do You Get For Your Money In Today’s Cape Coral Real Estate Market? Cape Coral is a very pretty city located in sunny SW Florida on the Caloosahatchee River. Just west of Fort Myers, Cape Coral has hundreds of miles of canals flowing into the Gulf of Mexico. It is one of the largest boating communities in Florida. The popular beaches of Ft Myers Beach, Captiva and Sanibel Islands are close by.  Living choices include beaching, boating, fishing, kayaking, swimming and snorkeling. At the moment Cape Coral has a wonderful choice of homes, condos and vacant land.  My clients are those looking to make a move now, to buy a second home or invest in a future home. Below $100,000: Yes, there are many single family homes out there. This amount of money will probably buy you a smaller home o...
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(Finacial Destination )
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By Beatrice Cooper,
(Finacial Destination )
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
            Joe Kendall, Realtor with Sandals Realty  writes, Now is the time to make your offer on waterfront property in Florida. Here is a example of hundreds of waterfront properties for sale in Cape Coral Florida. This is a home built by United Home Builders in 2006 it has over 2,000 sq. ft. of Living area and is currently being offered as a bank Short Sale! Wonderful pool and Lanai area over looking the canal! This home is currently listed for sale at $210,000  and is  listed below recent appraised value. The bank is waiting for an offer! The Seller has been approved for a short sale! Now is the time to make your best offer! Search Hundreds of Waterfront Property on line with interior pictures visit www.joekendall.listingbook.comand sign up for a free account to search the Local M...
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By Mike Kelly
(Sellstate Advantage Realty)
I was reading an article earlier this week that stated that over the next 4 years the largest percentage of people ever to retire in a 4 year period will occur! An then I began thinking, "Where will they go?" North Dakota-NO! Maine-NO! Tennesse-Maybe! Florida-YES!!! I live in one of the most beautiful places in this country and I sell real estate here too! I was fortunate to have found Cape Coral, Florida in 2000 and I have watched a city come to life right in front of my eyes. Cape Coral is a boaters paradise with over 400 miles of canals many with access to the Gulf of Mexico and over 27 miles of shoreline! Our average yearly temperature does not vary more than 10 degrees, technically making it a sub tropical climate! Cape Coral is the second largest city by land mass in Florida at 11...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
        Joe Kendall, Realtor with Sandals Realty writes, The Foreclosure process can be avoided by working with your current mortgage holder. One option you have is doing a bank short sale. I suggest you request a Short Sale package from your lender. After sending in the required documents they will advise you on where you qualify for a  Bank Approved Short Sale. The Lender will advise you to get your home listed with a Realtor, price it where  the current market value for the home and bring them an offer. I suggest to you that you use a Realtor that is experienced in doing Bank Short Sales.  I work with WINGED FOOT TITLE Company that provides the service you need to get the short sales accepted and closed! They provide me with a Pre-Title work and a HUD-1 statement to present to the Le...
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By Cape Coral Florida Golf Course and Waterfront Homes
(Gulf Coast Realty Network, Inc.)
As we begin the long recovery in real estate sales and prices, many real estate investors are coming back to test the waters.  The primary motivation seems to be that they can buy inexpensive homes now, rent them at a small negative cash flow for three years and then turn the investment over for a nice total return.Where I have questioned this practice is whether buying the low-end homes will give the best total return.  It seems to me that buying mid-range homes on a golf course or on waterfront lots would seem to give more acceleration on price looking down the road.  Several investors I have talked to say "Yes, but I like to stick to the bottom rung on the ladder."  The rents are another issue that I have thought about.  Right now rents have crashed due to the large number of homes f...
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By Barbara Klare, Broker Associate, Jones & Co Realty
(Looking For a Real Estate Value in Cape Coral or Fort Myers?)
Have you been waiting to buy REO, bank owned, foreclosure properties in the Cape Coral Florida area? Cape Coral Florida is an area of SW Florida famous for its lovely boating community and gulf access canals. Cape Coral is a boater's paradise with over 400 miles of canals. Cape Coral waterfront living at reduced prices is now possible. In todays market a normal sale price for a gulf access pool home is $280,000 average.The response of the home buying public is growing. There were 106 gulf access homes under contract in April. That number is up from 47 in March. May is looking promising already. The inventory will be eaten up quickly at this rate.If you're a qualified buyer looking to buy a REO, bank owned, foreclosure home, call me and I'll find you an excellent deal.Barbara KlareGulf C...
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