Housing inventory remained stable over the past few months however prices are inching up. Home values however are still well below replacement cost so the time to buy is now before prices go up any more!
Search THE MLS for FREE or RECEIVE DAILY PROPERTY UPDATES simply clicking on my web-site! (CAPECORALHOMES.ORG) Hundreds of people find this service very helpful in locating their perfect home or investment!
September sales dipped just slightly from the sales for August and inventory remained the same. Here are the stats:
- SINGLE FAMILY HOMES sales increased again over September 08 by 18%.
- There were 450 SALES in September 2008 and 532 in September 2009.
- Inventory has remained stable with 4110 HOMES ON THE MARKET However 1991 of these or 48% are under contract. This translates to only a 4 month supply. The lowest it has been for years! Buy now or you may be paying 5 to 10% more in the upcoming months.
BANK FORECLOSURES are still leading all sales with 43% of total sales *Foreclosures make up only 16% of the active listings. *Foreclosures dominate what people are buying as banks unload these houses! *Banks price some homes well below market which creates price wars.
Short sale homes make up almost half the active market. Sales in this area on the increase as buyers are tired of competing with the multiple contracts on foreclosures. Short sales are now making up 25% of the total sold's. My short sale processors are seeing a faster turn around with the banks so this is good news for both buyers and sellers! I HAVE HELPED MANY CLIENTS BUY SHORT SALE & FORECLOSED PROPERTIES AND CAN HELP YOU TOO!
ARE YOU ARE LOOKING TO BUY? Use my 20 years of full time Real Estate experience to make wise buying decisions. I am one of the very few Certified Residential Specialists trained to help you select the right house or investment. Please feel free to use my tools! If you would like to be able to search the market and the MLS at anytime for free or would like to receive daily updates on homes that fit your desires, then 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 at 1/888-505-6906 or 239-671-7653 or send me an email at florida@therealtyman.com. I look forward to helping you with your Real Estate needs. Sincerely, Dan Colofranson
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.
