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CAPE CORAL IS THE 4th MOST UNDERVALUED REAL ESTATE MARKET IN US. Jan 30, 2010

With a current median price of $118,000, the CNN study found Cape Coral to be 36.80% UNDERVALUED. Compare that to 52% OVERVALUED in 2006. This puts Cape Coral 4th in the country and 2nd in the state for being undervalued. If you have not heard me before shouting about the bargains currently available in the area, this may help you to perk up your ears.
According to CNN back in 2006, few if any markets were undervualed and many Floridia markets were tremendously overvalued. The study factors in and compares median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited over time.
Sunny areas such as Florida and California usually carry a premium because of their great weather and outdoors lifestyle, while prices in cold Rust Belt cities such as Detroit generally sell for less than their income stats might suggest.
The study is suggesting what we have all felt pretty deeply locally. That when a bubble bursts the pendalum swings hard in the other direction going from irrational exuberance to ridiculously low values.
BUY WHEN THERE IS BLOOD ON THE STREETS
"According to an article in Forbes magazine, Market blood baths make most investors squirm. The best investors sprout fangs."
Real Estate is cyclical in nature and the current market cycle is bringing some amazing investment opportunities. Property is often selling for 50 cents on the dollar or even lower. One persons loss is another persons gain. We have entered the part of the cycle where the investors that have been in a cash position are beginning to smell the blood and they are coming out. This is when most of multi-generational wealth is made. For the full article from Forbes click on the link below.
Buy when there is blood on the streets.pdf
Moguls buy up Lee County 4-26-09.pdf
Lee county home sales on the rise 6-24-09.pdf
Canadians clean up Lee County real estate 6-29-09.pdf
LOOKING TO INVEST IN REAL ESTATE? Mary understands real estate both from an end-user as well as an investor standpoint. Let Mary help you find quality investments that you are comfortable with. Mary studies the market extensively both in Cape Coral as well as various emerging markets throughout the country. To find out more, call Mary today.
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!!!
INVESTMENT OPPORTUNITIES IN CAPE CORAL REAL ESTATE
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The market has never been more challenging (or more rewarding)-short sales, foreclosures and credit freezes have severly hindered many investors. Your Realtor must be able to face the new challenges and identify properties that make sense for future investments. While there are alot of well priced listings out there, there is also a lot of junk. Work with a Realtor that understands your personal investment goals, understands investing, and can assist you every step of the way.
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Are you sitting on the fence wondering if this is a good time to buy? If you have been sitting on the fence the last few years, it was probably a good call. However the Cape Coral real estate market began to change significantly in mid to late 2008 and you should now be part of that action. The rules are different, transactions are more tedious, but the opportunities have not been this great in years.
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Are you wondering if this is the right time to sell? Selling at this time can be a real challenge. Prices remain low and those that have over-leveraged will find it difficult to sell at an acceptable price. However, if you have owned your property for a long time, or can price it to compete with the current trend of short sales and foreclosures, you can definately sell. There are buyers out there and more are coming in every day. Pricing is the key.
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Want to invest but afraid to go it alone. We offer partnership opportunities. We have been investing for close to 20 years. We specialize in Cape Coral residential real estate and Cape Coral real estate investments. Check out our Partner with us section.
IF YOU ARE A SERIOUS INVESTOR WITH QUESTIONS REGARDING LOCAL MARKET CONDITIONS CALL ME TODAY.
Cape Coral is a high-growth area with lots of investment potential. Since it is only 35% developed there are a multitude of opportunities in foreclosures, REOs, rental properties, vacant land, new construction, multi-family and commercial. Call me today for more information.
Foreclosures-this is the opportunity you have been waiting for. This is THE TIME to buy. With so many homes in foreclosure or pre-foreclosure, the opportunities are amazing.
Vacant land-Since we are only 35% developed, there are many options when it comes to selecting a home site.
New construction-Not much building is happening now, but its time will come again once the high levels of inventory are gone. Builders are not all alike. Call me today to discuss your buiding options. There are many quality builders to choose from. Don't risk your most important investment by relying on a fly-by-night to construct your home.
Multi-family-since there is not much currently available in the way of mutli-family, and with so many condo conversion projects taking place, building multi-family housing is an investor's dream.
Commercial-this will be the market it the years to come. Currently it is overbuilt but the next few years willl offer some great opportunities. The city's transition from a bedroom community to one of dynamic growth will again open the door for investors in the near future.
1031 exchanges-I am experienced in exchanges, reverse exchanges, investment tax loopholes, and general investment and tax strategies. Don't let an amateur handle your investor dollars. Work with someone that knows, understands,and actively participates in the current real estate investment market.
Know the market cycle you are in.-Each market cycle dictates that we use a different kind of investment strategy. Do you know what to do in this market? Working with an experienced Realtor is a must! Just because a home is on the market or in foreclosure, it does not necessarily make it a good deal.
Let us help you with your investment decisions, property management, rehab projects and more. We know Cape Coral, we know real estate investment and we know property management. Call us today!!
Check out some recent sales:
- 3631 NW 20th St Sold Jan 2010 for $87,000 previously sold for $255,000 in 2005 (3/2 1712 square feet)
- 5212 SW 5th Pl sold Jan 2010 for $255,000 Sold in 2007 for $417,000 (3/2 lakefront with boat lift)
- 2419 Cape Coral Pkwy W Sold Jan 2010 for $680,000 was built in 2004 for $950,000 (3/3 3100 square feet, fully furnished model home with fabulous canal views)
  
CAPE CORAL BOTTOM HAS HIT THE REAL ESTATE MARKET-PRICES TO RISE 25%
January 18th, 2010 10:08 AM
Above is a depiction of the bottom of our local real estate market. Since Cape Coral was first into this mess, we are also the first ones out. This is evident of the anount of activity the last 6 months or more as I have mentioned in past blogs.
Prices will go up but so will interest rates, as they have been unnaturally low for too long. As the market corrects itself rates will begin to go upward.
Local real estate market prices will rise by at least 25% or so this year. I whole heartedly agreee as I have already seen prices rising. Where else can you get a 25% return on your money!
No matter what kind of market you are in, it will not last forever. Out local market is slowly but surely turning to a sellers market, starting at the bottom range and working it's way upward. Sales are continuing to rise, so are prices, and inventory is being reduced.
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