TOM & SUE DEMOGENES...
"YOUR INFORMED REAL ESTATE COUPLE"
We predicted the $200,000 median home price mark in Cape Coral would be broken soon, but didn't expect it for another month or two. Normally we would wait until our March Newsletter to apprise you of this milestone, but our enthusiasm got the better of us.
We won't know exact numbers for about 10 more days, but sales data thus far assures the median home price in Cape Coral will exceed $200,000 for the month of February. In February there was only home sale over a million dollars, but it was a biggie at $1.9 million, one of the highest priced sales in the last year and a half. We expect a few home sales this year to break the $2 M mark, maybe even some $3 M sales. Our city and surrounding area is definitely on the comeback trail.
Below is the most important info we will provide you this year....or any year. It's our annual synopsis of Timing The Real Estate Market, by Robert M. Campbell. Although we watch our local real estate market closely (Sue claims Tom watches it too closely, like a stock broker watches the stock ticker tape), we feel all of our clients should pay close attention to where we are in a real estate cycle... and why.
Most of our clients know that Tom now considers timing the market more important than "Location, Location, Location", the previously considered most important factor in real estate. Below the synopsis Tom will comment (in green) on where the key indicators are in relation to our local market...and yes, all real estate is local, even though our market is affected much more by national and international buyers than most real estate markets in the U.S.
Topics: Short Sales vs Foreclosures - Major CC Gov't Happenings - Future Appreciation in SWFL
Topics: Snowbirds Race to Snatch up Florida Housing - What are the Best Gulf Access Home Areas?
Topics: Local Home Prices Up 32% - Is It Too Late to Enter the Cape Coral / Ft. Myers Market?
Topics: Cape Coral Prices Highest in 5 Years - Million Dollar Homes Selling Again