Cape Coral Real Estate

I just got this article from Realtor.com regarding the areas with the highest price rising and the highest price decrease. It’s very interesting for us since the Cape Coral – Fort Myers area is number one as the highest rising price area. Have a look:

Southern metro areas dominated a list of the 10 markets with the biggest year-over-year increases in median list price in April, according to monthly data released this week by Realtor.com. The data considers 146 metro areas nationwide.

Two Florida markets saw the highest jumps: median list price in Fort Myers-Cape Coral rose 25.7 percent to $225,000, and the median in Miami rose 8.6 percent to $239,000.

Shreveport-Bossier City, La., followed with an 8.1 percent increase, to $173,000. Fort Myers-Cape Coral and Miami also saw the biggest year-over-year drops in inventory: -25.3 percent and -29.9 percent, respectively.

The two Florida markets were the only metros in the top 10 to move properties at a slower rate than the national median: 95 days. Median age of inventory for each was 116 and 129 days, respectively.

In order to obtain the median age of inventory for each market, Realtor.com subtracted a property’s listed date from whichever was earlier: its end listing date or the end of the time period, and took the median of all the resulting individual days on the website.

The three other Southern metros to make the list were Charleston, W.V.; Tyler, Texas; and the Virginia segment of the Washington, D.C. metro area. (Realtor.com separates data for metro areas that encompass multiple states.) The Washington, D.C., metro was the fastest-moving among the 10 markets with a median inventory age of 57 days.

In the U.S. overall, the median list price fell 4 percent year-over-year in April, to $191,900.

Two Midwestern metros (Columbia, Mo.; and Peoria-Pekin, Ill.) and two Western metros (Fort Collins-Loveland, Colo.; and Anchorage, Alaska) made the list. No market in the Northeast was among the top 10.

Eight of the 10 metros saw their inventory decline year-over-year last month, six of them by double-digit percentages. Only Anchorage and Tyler saw their total listings rise: 15.7 percent and 3.6 percent, respectively.

Nationally, total listings fell 8.3 percent.

Among the 10 markets with the fastest-dropping median list prices, Western metro areas prevailed, accounting for six among the top 10; two are in the South and two are in Midwest. All 10 saw double-digit declines compared to April 2010. No Northeastern market made that top 10 list.

Santa Barbara-Santa Maria-Lompoc, Calif., saw the biggest price decline: down 26.2 percent to $498,250. The market was also one of two to see its inventory rise year-over-year, by 6 percent. The other was Reno, Nev., with a 9.5 percent increase.

Inventory declined by double digits in six of the remaining eight markets. Savannah, Ga., experienced the sharpest decline: -48.3 percent.

Savannah was also one of three markets with a median age of inventory above the national median. The market’s median inventory age was 198 days in April, though that represents an 11.2 percent decline from April 2010.

I hope you bought last year. If not, give me a call to begin right away. It’s still time to build some serious equity here, in the Cape.

Comments (0) May 25 2011

Foreclosures in Florida fell in August for the fifth straight month, but the state still ranks amongst those with the highest foreclosures rates within the united states, RealtyTrac reported Thursday.

Florida ranked second behind Nevada inside proportion of real estate units receiving foreclosures notices in the course of the month, with a single in every 155 properties receiving one – more than twice the national common, according to the Irvine, Calif. company’s monthly survey of your U.S. real estate marketplace.

Two Florida metropolitan regions – Cape Coral/Fort Myers (third) and Miami-Fort Lauderdale-Pompano Beach (fifth) – ranked among the leading 10 metro regions around the country in terms of the frequency of property foreclosures for the month.

Across the country, default notices, auctions and financial institution repossessions dropped 5 % from August 2009 but were 4 percent higher than in July, a figure RealtyTrac CEO James Saccacio attributed to a convergence of elements which includes stepped-up financial institution repossessions and fewer initial default notices.

“On the front finish, seriously past due loans are rolling into foreclosure at an unusually slow rate, while on the back finish, the dammed-up inventory of properties already in foreclosures is moving to (lender ownership) in a steady stream instead of a flood, presumably to prevent further erosion of household costs,” Saccacio said in a statement.

Numerous states, which include Florida, have enacted regulations or made voluntary arrangements with mortgage lenders to expand the time period prior to which mortgage loans become past due in an effort to give home owners as much help as possible to maintain their properties. Sluggish house prices and a glut of supply on the market, however, continues to add pressure on some home loan holders who uncover themselves “upside down,” having to pay home loans on home valued at considerably less than what they paid for it.

Across the country, Nevada continued to guide all states from the proportion of houses in several state of foreclosure proceedings. One in each and every 84 property units in Nevada got a foreclosures discover in August, more than four times the nationwide common. August marked the 44th straight month Nevada held the dubious position, despite a 25 % drop in foreclosure activity compared to August 2009.

Arizona, California and Idaho rounded out the top five states in the proportion of properties in foreclosures. In terms of sheer numbers, California led the nationwide with 69,143 properties getting a discover in August. In Florida, 56,877 properties obtained notices for the duration of the same time period.

In all, five states – California, Florida, Michigan, Illinois and Arizona – accounted for more than half of the 338,836 households inside U.S. to fall into default.

Incoming search terms:

• Cape Coral FL foreclosure rate (2)
• cape coral foreclosure rates (2)
• cape coral 2012 forclosure rates (1)
• foreclosure notices james merritt cape coral florida (1)
• foreclosure cape coral florida (1)
• Capr coral foreclousre rates (1)
• Cape Coral-Fort Myers FL real estate (1)
• cape coral foreclosure rate (1)
• cape coral fl foreclosures rate (1)
• www expertforeclosurehelper com/ (1)

Comments (1) Sep 17 2010