November 2011 Market Report for Cape Coral 33993

The real estate market in Cape Coral zip code 33993 for November 2011 shows steady improvement.

Distressed sales decreased 10.27%

Days on market dropped almost 30 days

The difference in list price to sales price increased modestly

Average sales price is up approximately 3%

Price per square foot is up by $3

All that good news with one negative – sales are down by 25% year over year.  Why?  Inventory has shrunk all over SWFL for a variety of reasons – buyer demand, less foreclosure activity by the banks and sluggish new construction.

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