The Cape is Back and Leading the Real Estate Recovery
From Gulf Coast Business Review, February 2012
Cape Coral Home Building on the Rise
“At this point in the homebuilding recovery, builders are focused on certain locations where there is limited supply: waterfront lots with access to the Caloosahatchee River and the Gulf of Mexico.”
“The Lee Building Industry Association parade of homes, an annual industry event during which builders open model homes to the public for three weeks, has 42 homes this year, a 31% increase from last year. Of that total, 13 models are located in Cape Coral, more than double the five that were in the parade last year and one more than the dozen homes in the entire county’s parade just two years ago.”
“The most expensive home in the parade this year is the one built by entrepreneurs Don and Ginny Koogler on a waterfront lot in Cape Coral. The $2.3 million, 7,500-square-foot home built on speculation was sold before it was completed. Already, 1,500 people have toured the home in the first weekend it was opened to the parade.”
Read the full article here.