There's good news on the horizon for Lee County's housing market. Foreclosure numbers are currently the lowest in three years. With just over 800 foreclosures for the month of May, this is a sign of things to come. Property values have continued to hold at rock bottom prices, but they won't stay that way for long. If you've been waiting for the ideal time to buy, don't wait any longer. Cape Coral waterfront homes can still be scooped up for under $200,000 but with less foreclosures flooding the market, it is a sign of the stabilizing economic climate. Clearly, things are getting better. Southwest Florida's real estate experts predict the positive trend to continue. Foreclosure numbers are dropping and housing prices are beginning to climb. Last month, the median price was up 7 percent from last year. Sales were also up, almost 10 percent, due to the excellent pricing that have hung on through the first half of 2010. The number of distressed homes are fewer, that's for certain, but there are still excellent deals to be found. It's not unusual to find a three bedroom, two bath pool home in Cape Coral that is at or just above $120,000.What does that mean for the property investor? Pretty simple. It means, "Buy Now." With the way things are cycling, investors will not have to hold onto their properties for very long before they have equity in their property. And that's very good news. If you buy now, you'll be able to rent out your property for quite a nice profit, or hang onto it for a vacation or second home. Cape Coral waterfront property owners enjoy the very best of paradise. Pool homes, waterfront property with private docks for your watercraft, beautiful golf courses, marinas, shopping, breathtaking sunsets, neighborhood events, community parks, and nearby restaurants. Cape Coral has it all, and right now it's all within reach financially. Realistically, there hasn't been a better time to buy Lee County Florida real estate. For those thinking about retiring to the sunshine state, this is an opportunity that you won't want to miss. Whether it's a Cape Coral waterfront property you are looking for, a pool home, or a luxury golf course property, give us a call at Sporleder Realty and we will walk you through your purchase. We have been selling Cape Coral for years and have all of the neighborhood and canal information that you need. Now is the time to purchase your slice of paradise. This time next month, you could be relaxing on your dock watching the manatees play.
By David Sporleder | Sporleder-Ray Realty Group | email@example.com| Google+