The August 2018 Cape Coral market report represents all sales that occurred within city limits during the month of August and are based on averages. Each zip code is represented with total number of sales for both single family homes and condos, the percentage of distressed sales that closed from the total number of sales and average list price to sales price ratio.
The two trends I’m noticing in the Cape Coral real estate market are an uptick in foreclosure activity and the gap between list price and sales price is tighter. Higher numbers of short sales and foreclosures (still very low at 4% of all inventory) are attributed to financial difficulties experienced after Hurricane Irma. My experiences as an active broker regarding list to sales price ratios are telling me that sellers are willing to stick to their guns on pricing and wait for the right buyer. Inventory in some segments of the market is still tight, especially for pool homes under 250k.
Cape Coral Zip Code 33904
Cape Coral Zip Code 33909
Cape Coral Zip Code 33914**One home sold for $1.165 million after 567 days
Cape Coral Zip Code 33990
Cape Coral Zip Code 33991
Cape Coral Zip Code 33993
Cape Coral All Zip Codes
What can you buy in Cape Coral for the average sales price of August 2018?
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© Danielle Sharp | Sharp Homes Realty | firstname.lastname@example.org | August 2018 Cape Coral Market