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Undervalued Cape Coral-Fort Myers market a good buy now
So the a headline reads on 3-25-10 in the local News-Press newspaper
The Cape Coral-Fort Myers area is the second most undervalued residential real estate market in the country, according to a new research report.
That means this is a good time for investors looking to buy land, experts say.
Lee County real estate was overvalued during the boom and now the pendulum has swung the other way. Prices are down 40% or more. Some land prices are down an astonishing 90% from the boom. “We’re aggressively bullish on real estate in Southwest Florida right now,” some investors say.
Lee County’s homes, with a median price of $112,800, were selling for 40.5 percent under value in the fourth quarter of 2009, down from being overvalued by 31.5 percent at $236,200 four years earlier, the report by financial consulting company IHS Global Insight states.
NOTHING LASTS FOREVER, INCLUDING THIS FANTASTIC BUYER'S MARKET
PRICES ARE PREDICTED TO GO UP 25% THIS YEAR
With sales continuing to rise and foreclosure and shortsale inventory continuing to fall time may run out on these bargains. Just as the boom didn't sustain, neither will the fall.
IT'S TIME TO BUY CAPE CORAL!!
Cape Coral is the 7th most affordable place in the world.
Return on investment: Where else can you get that kind of return on your investment? If you buy a $100,000 home cash and it goes up 25%, you have made 25% on your investment. If you finance this investment with 25% and it goes up 25%, you have gotten 100% return on your initial investment of 25,000. Not bad!!!
This is your perfect opportunity to take advantage of the market while there is an ample supply of short sales, REOS, foreclosures and pre-foreclosures. However the inventory is shrinking daily, and is down over 65% from 2008. Read below to see what you can get for the money.
There has never been a better time to buy, but trying to purchase in this type of environment requires expertise and knowledge of the market-place. Work with an experienced Realtor.
I have closed many short-sales and REOS in the last few months and know what it takes to get your offer accepted.
If you have been thinking about purchasing property in Cape Coral
Now is the Time,
PRICES ARE AT ALL TIME LOWS!!
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AMAZING OPPORTUNITIES ARE ON THE MARKET
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PRICING IS AT ROCK BOTTOM
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INTEREST RATES ARE STILL LOW
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CAPE CORAL IS A GREAT PLACE TO LIVE, WORK, AND PLAY
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LOTS STARTING AT JUST $10,000
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WATERFRONT STARTING AT $20,000
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DIRECT ACCESS HOMES IN THE LOW 200s
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PRICES ARE BELOW CONSTRUCTION COSTS
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CAPE CORAL IS ONE OF THE FASTEST GROWING AREAS IN THE COUNTRY
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GREAT SCHOOLS
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GREAT QUALITY OF LIFE
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WONDERUL BOATING
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SEVERAL GOLFCOURSES
What your money buys you today in Cape Coral!
March 5, 2010
3/2 built in 2004, $58,900
Needs TLC
3/2 1408 square feet built in 2006 $74,9000
move in ready
3/2 1341 square feet $99,900
Like new, beautiful location, city water and sewer,
3/3 2901 square feet, $179,900
completely remodelled custom 2 story home. Not a short sale or a floreclosure
3/2 1701 Square feet $279,900
Prestigious Palaco Grande intesecting canal location. Only 7 minutes to the river.
3/3 1952 $425,000
Location locatioon location, Clu desac property on over 450+ wide sailboat access basin
5/5 5281 square feet $1,899,000
On the river with expansive views. Wow!!!
Don't wait much longer!!
Call me today and let's find your dream home.
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