Cape Coral Real Estate

As you may know, I check the foreclosures on a daily basis. I do that for all my client looking for the best deal possible. They can get into my Cape Coral foreclosure list by filling the form that you can find here.

Few months ago, I’ll say something like last fall, we had 1,000+ foreclosures in our MLS for the whole Lee County, that include Cape Coral foreclosures, Fort Myers Foreclosures and Lehigh Acres Foreclosures.
And since a couple of weeks, that number had a steady decrease to reach 660 today.

That number is very important for me and I explain that to my clients, investors or first time home buyers.
Not only, obviously, that means there are less foreclosures out there, but also, the non-distress market will take over sooner. Consequently, prices are going up. It shows even with the foreclosures themselves. Banks now see more multiple offers on their listings and adjust pricing. They see an increase of the demand.

We also experience an employment rate having an upward trend and the 60 days and the 90 days delinquency rates are both decreasing, that’s always a sign of a foreclosure rate decline.
So hurry. Not only I was showing a proof that this is the best time to purchase a property in Lee County in history, but prices are increasing little by little. So if you are looking to get a great deal, call me today and I’ll send you the available foreclosures in Lee County.

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Comments (0) Feb 11 2011

There were 953 mortgage foreclosures filed in Lee County in September — up from 834 in August but down sharply from the 1,610 filed in September 2009, according to statistics released today by the Southwest Florida Real Estate Investors Association.

The increase likely isn’t a sign that a second wave of foreclosures is coming, said Jeff Tumbarello, director of the association.

“I don’t think we’ve got that many more to go through,” he said. “We’ve canceled out the boom.”

Source from The News-Press

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Comments (0) Oct 02 2010

Well, since 2 or 3 weeks now, I have seen an increase of leads, emails and phone calls from buyers. It seems that they really begin to see an increase of pricing and realize that it’s now or never!

There is no day that I don’t have a couple of showing, and I mean showing properties for 2 different persons in that day. Of course, the main market is the foreclosures and/or properties priced under $120,000. There is a huge demand at the moment. And there are lots of beautiful houses in that price range, sometimes with pool.

However, I experience more difficulties to find what I was finding in the past months. The inventory is shrinking for that $120,000 and less houses. Those buyers will definitely get a nice equity in their purchase soon. I’m guessing 2 – 3 years from now. And those who were waiting will regret what we experiencing now.

TV news also showed a decrease in the foreclosure filing in Lee County, from the 900+ down to 800+

Bottom line, not only there are much more buyers out there but the low priced properties are decreasing in number. That’s the rule of  this time…So hurry before it’s too late

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Comments (0) Jun 04 2010