February Southwest Florida Real Estate Outlook
February 5, 2021 | Blog
| Welcome to season in Southwest Florida! Businesses have found a way to safely welcome back our winter visitors and we’re even looking forward to Spring Training starting up again soon.We’ve had another record-breaking month for real estate. In January, 487 homes closed in Cape Coral. Overall, Lee County saw just under 1,750 home and condo closings. The average sales price of these homes is up more than 30% since 2019. Buyers continue to take advantage of the lowest mortgage rates in decades. With the Fed’s promise to keep interest rates low it doesn’t appear that will change anytime soon.
On the flip side, the number of available homes continues to drop down more than 50% year over year. If you’re thinking about selling, then we have buyers ready to buy and it’s not too late. Home values continue to rise with the shortage of inventory of homes on the market. There are more buyers than sellers right now. That puts sellers in a great position! We can provide you with a FREE MARKET ANALYSIS. Now is a great time to sell, so let’s talk! Here’s a snapshot of what’s happened in the last 7 days in our local market:
SPOTLIGHT ON NEW LISTINGS 513 SW 51st Ter, Cape Coral | $1,500,000 Gulf access lakefront pool/spa home in coveted Rose Garden/8 Lakes! Triple lot, 3-car garage, composite dock, boat and jet ski lifts, kayak launch & MORE! Wide water views everywhere. PLUS – Quick access to open water! 1412 SE 40th St. #3, Cape Coral | $194,900 Gulf access condo overlooking pool and dock. Short distance to the River and Gulf. Watch the boats go by from your beautiful oversized lanai. 5793 Cape Harbour Dr. #919, Cape Coral | $495,000 Ninth floor spacious corner/end unit offers sweeping panoramic views of the south spreader waterway, protected nature preserve, the Caloosahatchee River, and glimmering evening lights over the city. 2816 SW 32nd St., Cape Coral | $550,000 Custom built with many high-end touches and located in a desirable Cape Coral neighborhood. Massive pool area offering Southern exposure. Three separate living areas so you’ll never run out of room to work, school or entertain. 5842 Shell Cove Dr., Cape Coral | $1,400,000 Funky Fish House Village in Cape Harbour is a landmark waterfront subdivision in SWFL. This coastal chic home sits right on the water’s edge with decks on every level to enjoy the breathtaking waterfront views. 4804 SW 20th Pl., Cape Coral | $489,500 Beautiful pool home located in desirable Southwest Cape. Just a few minutes to Cape Harbour Marina, shops and restaurants. High ceilings throughout open to a fabulous outdoor living space.
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