First, the market is in your head. I know that sounds hard to believe however the Real Estate market in Cape Coral was the first area to get hit by the housing slump, foreclosure is at an all time peak in SW Florida. etc. etc. President Obama comes to Ft Myers. Whizzed down MLK, and told us its going to be all right. Let me suggest that it starts with us building the Community again. It should stand to reason that we being the first ones into this mess, should also be the first ones to start climbing out of it.
SW Florida has seen a steady increase in resale home transactions for the last 5 months, and home values are slowly starting to hold their own again. Inventory is reducing, meaning not as many people coming on the market as there are being sold off the market. This is healthy in my opinion, it shows that the housing industry is starting to tread water again. Interest rates are historically low. Meaning for a qualified buyer there is money to be saved by purchasing now.
Cape Coral Homes are still a great source of wealth building, and when purchased correctly, will return a handsome income in the end. Do not read this as a buy now sell tomorrow scheme, ITS NOT! Homes do not appreciate 10.5% per year, and when they do something is wrong, way wrong! Buy it right, buy it with long term holding in mind, and Cape Coral Realty will provide a sound investment, as it all ways has.
March brings with it the most buyers of the season and with good reason, seasonal people being to leave, and in 3 months (average time to sell in the Cape) school will be out.
If you are looking to sell a home or have been trying and expired, or purchase a home now is a great time to do so! Contact me or my staff at EXIT Realty Sunrise and we will assist you with all the goals for Real Estate and Wealth building with Real Estate.
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