November sales for Cape Coral zip code 33914 went from 87 in 2010 to 74 this year, reflecting a citywide decrease in available inventory. Average sales price shrunk by approximately $8000 from last year for November.
Price per square foot is up $2 contrary to sales price decreasing 8k which points to smaller homes selling during this timeframe compared to 2010.
Days on market is down 34 days – huge!
Distressed sales shrunk 25% continuing what has been a trend all over SWFL for the previous 4 months.