Every year around this time, many of our Northern neighbors experience their first freeze. The chill in the air prompts them to pack up their belongings and head south. Our city will soon wake from its summer slumber and welcome back the snowbirds, vacationers and extend a warm invitation to our potential transplants. Northerners; No need to pack up those Bermuda shorts and flip-flops just yet, come see what all the fuss is about. If you are in the market to buy a vacation home or thinking of relocating altogether there is no better time than the present. Home prices along with interest rates are at an all time low, with plenty of inventory to choose from. No matter what your budget or criteria there is something here for everyone. Listed below is what you can expect within your budget.
What can you get for up to $100,000?
Well there are many homes available in that price range, 214 to be exact. There will be an average of 1472 sq feet and 3 beds and 2 baths. In this price range 17 of these homes do offer an in-ground pool. None of these homes have access to the Gulf of Mexico, but 4 are located on non-navigable fresh water canals, which is still a nice view. There are 42 of the 214 homes available with the city utilities in and paid. The majority of the 214 homes are located in the NW, NE area of Cape Coral, which is a bit further from the heart of the city, but still a close drive to Pine Island Rd., where many great restaurants and retail stores are located. 106 of these homes are regular resale’s, 53 are foreclosures and 55 are short sales. In this price range many of these homes will not be considered move-in ready, but with some work will still be a great investment.
What can you get from $101,000 to $200,000?
In this price range, a lot of requests we hear from buyers such as; with a pool, 1800 sq feet minimum and access to the gulf can be met, but the price will be closer to the $200,000 mark. There are 506 homes available in this price range with the average homes being a 3 bed two bath with 1,817 sq ft. Out of the 506 homes 230 have in-ground pools (average price being $154,841) and 184 have the city utilities in and paid. 96 of 506 homes are waterfront but only 45 of the 96 are gulf access, some with closer proximity to the Gulf of Mexico and/or the Caloosahatchee River than others. The average home price for the 45 gulf access homes with a pool is $189,900, a great buy for this type of home. The number of homes in this price range that are regular resale’s are 378, 46 are foreclosures and 82 are short sales.
It is important to understand that some short sales and foreclosures at any price range may have been stripped of certain fixtures, left vacant for extended periods of time, or may have not been properly maintained. It is really important to have a home inspection to make certain you account for all necessary repairs and to be certain there will be no major surprises after closing.
No matter what your price range or criteria, we are certain we can find a great home to fit your needs, it is just important to be realistic and flexible and all the rest will easily fall into place. If we can help you find the perfect home at the perfect price please don’t hesitate to call, we look forward to hearing from you.
The Florida Future Realty Team
*Please note the figures here were obtained from the MLS( multiple listing service) on September 26, 2011 are figures are subject to change, feel free to call for updated statistics.