Single Family home sales in Cape Coral continue to sky rocket upward. No one can tell when we are at the bottom, we can only know the bottom once we past it. Based on sales and pricing data, I see the bottom of the single family Cape Coral market as being Feb. 1, 2009. As an example, you could have bought an 1800 square foot home, 2004-2007 for $75,000 in the beginning of Feb. Now, these homes are selling in the mid $90's. Sales of single family homes have increased to 646 closings in March 2009. The chart below shows the closing activity. The supply of homes has dropped from 4649 Jan 3rd to 2944 on March 12th.
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April 12, 2009
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Good to hear some positive real estate news.
Posted by: Orlando Vacation Homes | June 30, 2009 at 05:11 AM