Cape Coral Real Estate | Lee County Market Heats Up

Properties in Lee County that are selling is on the rise. Values may still be declining but the amount of sales are up. And WAY up.. Soon I’ll have the numbers for August 2008 vs. August 2007 but take a look at the numbers comparing July 2007 and July 2008.

I broke out the short sales because in our MLS short sale yes/no is a mandatory field. I was unable to get exact figures on bank owned properties because checking off ‘foreclosure’ in not a mandatory field and many do not check it on the bank owned properties. I would guestimate that half of non-short sales were bank owned, but that’s just my guess.

Total Residential Sales (Just out of MLS):

July 2007 ~ 553

July 2008 ~ 980

Residential Short Sales Sold in Lee County:

July 2007 ~ 12

July 2008 ~ 124

As you can tell the number of sales are up as are the number of short sales. Many agents and customers are still believing that ‘nothing is selling’ or that ‘short sales don’t close’ but we beg to differ. Many properties that sold went for above list price because they were priced very competively and the buyers had to fight over them.

You can search for all of the properties available in Lee County right online from the comfort of wherever you have internet access. Our website contains a user friendly real estate search engine and is 100% free to use. Go ahead, check it out: Lee County Real Estate Compare properties, see photos, get notified of new listings that match your criteria, save your favorites, schedule showings and more!

We look forward to hearing from you!

Yours in Success,

Copyright 2008

Susan Milner

Florida Future Realty, Inc.

239-542-8521