Cape Coral is a boater and fisherman’s haven offering close to 200 miles of salt water canals that access the Gulf of Mexico.
Comparing to 2010 3rd Quarter sales data, there was a 15% decrease in the number of Cape Coral home sales and a 19% increase in the number of Cape Coral condominium sales. The average price for homes rose up 47% while the average price for condominiums rose up 31%. End of the quarter showed 1,797 active residential properties listed in the Cape Coral MLS. That was a decrease of 17% relative to the same time last year.
Total sales year-to-date were 4,653, which is down by 3% compared to the same time last year. Pending sales were up 31% with a grand total pending of 2,371. The median price of all existing properties was $102,950, up 13% from a year ago. The median price for properties sold above $300,000 was $382,500, up 2% from $374,000 in 2010.
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