The September 2013 Cape Coral market report represents all sales that occurred within city limits during the month of September 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.
Data for our market reports is pulled on the 15th of each month from the MLS for all Cape Coral zip codes to allow sufficient time for all sales to be marked as closed. Our numbers are based on averages, not median values, for single family homes and condos. We have not included any reports for vacant land or new construction but would be happy to provide a specific report for you.
Report key by column, left to right:
- Month and year of data
- Total sales for both single family and condos combined and separately for both single family and condos
- Average sales price for all sales combined and separately
- Average price per square foot for all sales combined and separately
- Days on market (DOM) for all sales combined and separately
- Market share of distressed sales (short sales & foreclosures) that sold out of all total sales
- Average percent of final sales price above or below asking price
If you are considering selling or purchasing a property outside Cape Coral we do serve all areas of Lee county – we are AllAroundTheCape!
September prices for Cape Coral real estate softened a bit due to an increase in available inventory, which is welcome after months of a very tight market. As we approach season more homes will enter the market to meet increased buyer demand. Typically this does not create any downward pressure on prices since the population swells during winter months.
Prices have increased again year over year – a whopping 21.37%! Distressed inventory continues to shrink (yay!). Average days on market for single family homes is just over two months while condos are sitting a little longer at four months. Pricing is still one of the most important strategies to sell a home.
The 2013 winter season promises to be good for our local housing market. To discuss an aggressive marketing strategy for your home, call us. We would love the opportunity to create something customized for your goals.
So what can you buy in Cape Coral for the average sales price of August 2013?
For a customized market value of your home or list of available homes fill out the form below or contact us directly at 239.541.5363.
© Danielle Sharp | Sharp Homes Realty | firstname.lastname@example.org | September 2013 Cape Coral Market