Cape Coral Florida's Real Estate Guide

Low prices and increased affordability have buyers making real estate purchases. According to the National Association of Realtors (NAR), home sales in Florida are up by 5% from this time last year. Sales are significantly strengthening in Lee County, home to Cape Coral, Ft. Myers, Estero and Bonita Springs. Selling prices are down by 20% in Florida but the noteworthy increase in home sales tells us that the real estate market is moving forward even though the country is in an economic recession.

As an added bonus, existing home sales across the country are up. 3^rd Quarter numbers are in and there has been a 2.6% increase in sales from the 2^nd Quarter. While that may not seem like much, it is especially significant considering the state of the real estate market and the U.S. economy. The increase is due mostly to buyers picking up foreclosed properties for a bargain. There is an opportunity for people who have down payments and reasonable credit scores to get an affordable mortgages and buyers are taking advantage of it. As an added bonus, mortgage rates are down to 6.16% on a 30yr mortgage and 5.87% on a 15yr mortgage according to the Mortgage Bankers Association.

Now is the time to buy in Lee County! Properties in Cape Coral, Ft. Myers, Estero, and Bonita Springs can be had at a deep discount. If you have been considering a move, take a look at some of the properties using my property search or contact me, Vickie Townes, to find your Cape Coral dream home!