FIND GREAT DEALS AS FORECLOSURES & SHORTSALES DOMINATE THE MARKET!! SEARCH THE MLS for FREE! Read my email below and I'll show how you can get this information whenever you want!
No matter what you see in the news, prices are down and SALES ARE UP 61% compared to this time last year! October is starting off once again with seeing a slight drop in listings in single family homes to 5604 with 12.3% or 709 under contract which includes short sales under contract and approved by the bank. Bank foreclosures are still leading the sales as the best buys available however short sales continue to gain pace with 17% of all sales being bank short sales. The best priced houses are still getting several offers on them for the bank to consider and for the most part are selling at or over the asking price. All indications are showing increased sales with many taking advantage of these great bargains and many are wise investors who are paying cash. With the decrease in home owners insurance, along with the new decrease in taxes makes buying a home or investment property more affordable then ever!!
The available short sale homes have remained basically the same making up almost half the market at 49%! These are houses where the banks are actually willing to lower their payoff figures to make them more attractive to buyers. I am seeing banks responding quicker to accept short sales because they now represent 17% of pending sales and also 17% of all solds. One of my agents is closing 4 short sales this week and has another 10 pending with a cash investor!
The MLS now has a mandatory field to track foreclosures. With the information available now, foreclosures make up 44% of all pendings and 28% of all sales. These figures as still a little off and should reflect better next month.
Lot prices have stabilized. Currently there are 114 buildable lots priced under $14,000 and 32 are under contract. There are 472 lots priced below $20,000 and 66 are under contract. Lots are remaining stable at these prices and investors are buying. Call or e-mail me so I can find you some affordable investment property!
I CAN HELP YOU!! Use my 19 years of experience to make wise buying decisions. I can help you to select the right house or investment. Please feel free to use my tools! As I mentioned at the beginning of this newsletter, if you would like to be able to search the market and the MLS at anytime for free simply go to my web site at CapeCoralHomes.org, click on PROPERTY, then search the MLS. The system will give you your own private login and password to get you started immediately! Or if you prefer give me a call 1888-505-6906 or 239-671-7653 or send me an email. I look forward to helping reach your Real Estate goals.
ZIP Codes: 33904, 33914, 33991, 33990, 33993, 33909 Location Characteristics: Cape Coral is one of the fastest growing cities in Florida. The City incorporated in August 1970, and its population continues to grow rapidly with more than 160,000 residents. Cape Coral is the 3rd largest city geographically in the state of Florida and is the 11th largest city in population.
Cape Coral is made up of 115 square miles of land and is the largest city in Southwest Florida and the largest between Tampa and Miami. With golf courses, tennis courts, boat ramps, athletic parks, natural preserves, and more, the quality of life in Cape Coral is second to none. It is a boater's paradise with over 400 miles of canals.
Our city has one of the best recreation departments in the state, providing all kinds of services for young and old. Cape Coral consistently ranks at the top for public safety in both Florida and the United States
About Dan Colofranson:
Dan is a Certified Residential Specialist who has served the Cape Coral area for over 19 years. His dedication and his high commitment to his clients has earned him the elite position of being in the Top 1% of all Realtors for listings sold in Cape Coral, with over 65% of his business coming from satisfied past clients and referrals. Client satisfaction is his main priority. A common comment he receives from those who have had real estate dealings in the past, is that "Dan has made my transaction one of the easiest we ever had!" Dan has the experience and abilities to help his clients in any type of market. For expert advice from a seasoned professional, CALL Dan Colofranson. His promise to you is the make your next Real Estate transaction a stress free and pleasurable experience.
For results that count, you can count on Dan!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
