As we predicted, 2017 has been a great year for the Cape Coral housing market.
Prices are steadily rising, builders are working on new homes across the city, and more residents are realizing they can afford their dream home.
Are you wondering if now is the right time to buy a house? Let the latest developments in the Cape Coral real estate market help you make your decision.
The Cape Coral Real Estate Market Is Perfect for Buyers
If you’re looking to buy a home, it’s best to act when prices are low, but trending upward. That way, your home appreciates in value.
In Florida, the median home price rose 7.8 percent in 2017. That beat out the nationwide average of 6.5 percent growth.
But how do those trends affect Cape Coral?
Home prices in this coastal city have, by comparison, risen more slowly. They are still climbing at a rate of about 2 percent, but compared with national trends, that’s slow growth.
The good news is, now is a great time to buy. Here’s why.
More Homes Are Being Built in Cape Coral
More new homes are popping up all the time in Cape Coral. In 2017, the city saw the most housing permits issued since 2006. That’s great news for buyers.
As the supply of homes grows, prices should remain affordable. You also get to choose from a great selection of brand new homes across the city.
That trend won’t last forever, however. Home prices are climbing nationwide, so it’s important to act quickly if you want to purchase a new home for an affordable price.
Home Prices Are Likely to Keep Rising
If Cape Coral home prices continue following national trends, home prices will keep rising over the next few years. That’s why now is a great time to invest in a home.
Even if growth is slow, you’re likely to see an increase in your home’s value. If the Cape Coral real estate market really picks up steam, your house could increase its worth exponentially.
The latter scenario is starting to look more likely, as new people are drawn to the city.
Cape Coral Is Building a Reputation as a Great Place to Live
Owing to its beautiful natural surroundings and healthy job growth, residents nationwide are realizing that Cape Coral is a great place to call home.
In fact, the city–together with Fort Myers–was recently named one of the top real estate markets to watch in 2017.
As more Floridians and expats from other states head to Cape Coral, home prices will skyrocket. If you buy now, you can sit back and enjoy the good life this city has to offer–while watching your home’s value increase each year.
If You’re Ready to Buy a Home, Cape Coral Mortgage Can Help
In business more than 15 years, the Cape Coral Mortgage team is ready to help you buy your dream home.
We handle everything in-house, cutting down on the time it takes to qualify for your mortgage. Check out our services today to find out how we can help you.
Cape Coral Mortgage, Inc.
3512 Del Prado Blvd. S Ste106
Cape Coral, Fl. 33904
(239) 540 5555
