Skip to content
Advertisements

Are We There Yet?

May 23, 2008 UPDATE: April 2008 Sales in Cape Coral – Fort Myers real esate market up 57% over this time last year. View Details.

Just like the kids in the backseat… the question we hear over and over about the Southwest Florida market bottom… “are we there yet?” For today’s market update, we looked at waterfront sold properties in Cape Coral covering a span of just over two years.

The graph below paints a vivid picture. You can see that the peak prices for all Gulf Access homes occurred in the 4th quarter of 2005. Prices steadily declined from that point, and after steep drops, a beginning of a levelling off. The bottom of the bottom for Gulf Access Homes (one or more bridges) is behind us, having occurred in Q1 of 07. Price per square foot on Gulf Access Homes appears to be creeping back up.

may_marketupdate_1.jpg

Related Posts: Lee Belies National Trend, Knock Me Off My Chair, Vacant Land Dry and Freshwater Update, Search All Area Listings

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: