It appears that after a few trouble years for our local real estate market the clouds are parting and the sun is shining brightly over Cape Coral and Fort Myers Florida. There have been two studies performed by two separate online search giants; Realtor.com and Trulia. They have suggested through their research we (Cape Coral) are poised for a real estate rebound.
Realtor.com has published a Top Ten Turnaround Report. It states that there are “6 Florida cities that were considered good bets for an upswing in sales.” This information was gathered through a formula that was created by analyzing recent price appreciation, changes in inventory, median age of inventory, number of searches through there site (Realtor.com), and area unemployment statistics. In Cape Coral we have experienced an increase in the median home price, smaller amount of inventory, our unemployment rates have stabilized, and we have seen recently; an influx of foreign buyers to our market.
Realtor.com turnaround list (Florida cities only) includes:
- Fort Myers-Cape Coral
- Fort Lauderdale
- Lakeland- Winterhaven
Trulia has published a similar report, Trulia’s Metro Mover Report.
This report was designed to analyze home searching data. They have looked at the number of people that search for homes is a particular city. This study also includes people interested in rental properties. They then compare it to the number of city residents looking for somewhere else to call home. It’s findings; an area with a high number of searches within the same city and low searched for elsewhere suggests an increase in demand for housing.
Their list is as follows: (Florida cities only)
- North Port-Bradenton-Sarasota
- Fort Lauderdale-Pompano Beach-Deerfield Beach
- Cape Coral – Fort Myers
- West Palm Beach-Boca Raton-Boynton Beach
If you are on the fence about buying, or looking to make a positive real estate investment, Cape Coral is a great place to do just that. If we can help you with your real estate goals, no matter how big or small, give us a call. We look forward to hearing from you.
Yours in Success,
The Florida Future Realty Team