The national media is touting Cape Coral as affordable with sales up 80% and buyers flocking to the area.
Below is the link to the new clip by MSNBC that was on the air October 7th 2008.
http://www.msnbc.msn.com/id/22425001/vp/27087106#27087106
Here is are some more figures for your thoughts for selling Realtors as of September 15th.
5,353 Realtors in Lee County
3,403 Realtors sold no homes
1,950 Realtors sold at least one home.
309 Realtors sold more than $1,000,000
40 Realtors sold more than $3,000,000
The US Government is betting $700,000,000,000 that your sales will increase!
Selling and financing homes is the key to our economic future.
I just received the latest statistics from FAR regarding condo and home sales for the Cape Coral-Fort Myers Market. I would like to share this with the Membership. Here are the numbers:
Condo sales from September 2007 were: 102, September 2008: 153. Over all increase is 50%. The median sale price for September 2007 was: $224,000, September 2008: $185,000, down 17%.
Home sales from September 2007 were: 327, September 2008: 746. An increase of 128%. WOW! The median sale price for September 2007 was $231,600, September 2008: $141,400 down 39%.
THIS IS GREAT NEWS. I DO FEEL THAT THE MEDIAN SALES PRICE WILL INCREASE ONCE ALL THE AUCTIONS, FORECLOSURES AND SHORT SALES WORK THEIR WAY THROUGH THE SYSTEM.
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