The city of Cape Coral and the surrounding area in Southwest Florida has had an extremely warm (not quite hot) real estate market of late. With less distressed properties on the market and more home sellers realizing higher sale prices than previous years there seems to be a feel of the market stabilizing and actually increasing into 2013. Recent million dollar home sales in the area include locations like Alva, Orchard Ridge in Bonita Springs, and Town River development. This Town River development and million dollar sale allowed for sailboat access canal and private dock and lift. Some of the other million dollar homes that have recently sold in the area have amenities like golf course views, private pools and spa, riverfront access and gated security.
Not only have their been impressive million dollar sales in the area but the cost of financing home has dropped to absolute record historic lows. Right now in December 2012 the average 30 year fixed rate is just over 3.3%. 15 year rate fixed mortgages or just over 2.6%. We have never seen rates this low in Southwest Florida and look forward to it creating a steady increase in an already appreciating market. If you’re looking for a home, condo or waterfront community in Southwest Florida be sure and reach out to us we would be honored to help.