Excerpts taken from Berge Aslanian, and his “Real Estate Trends” article with the Chamber of Commerce. Berge is a 7 year Re/Max Island Harbor Realtor, in Cape Coral.
Everyone knows that in a market with prices going down……..you tighten your financial belt and wait out the storm. Does that also mean that in an “up Trending” market the opposite is true? Perhaps Yes!
In December 2012 there were 202 Cape Coral homes sold, with an average sales price of $144,000. In February 2013 there were 231 Cape Coral homes sold with an average sales price of $155,000.
In December 2012 there were 21 Cape Coral condo’s sold with an average sales price of $100,500. In February 2013, there were 36 Cape Coral condo’s sold with an average sales price of $106,000. …continue