It was in the News-Press a few days ago. For homes priced under $200,000, Cape Coral has less than 2 months of inventory on hand. Despite these facts there are still buyers waiting for the prices to drop more. Ok, we have had a 24% INCREASE in the average sale price since the first of the year. If you expect prices in the under 200K category to drop, you are missing the boat..it has already sailed.

The media in other areas is still however, providing inaccurate information about Cape Coral. We are in the top three as far as international investor purchases, yet, some of my wonderful Canadian clients are still reading in their local papers that the bottom is still dropping here….this is simply not the case.

Those buyers that are sitting on the fence will either pay more next year or will not purchase at all because prices have increased so much that they are now priced out of the market. The same thing happened in 2004-2005. Many of those potential purchasers gave up because prices increased so much. If you have a dream of owning a peice of paradise, now is the time to buy.

Judy Ramage, Broker Associate, ReMax Realty Team 239 242-2005, judy@capecoralwaterfront.net