Fort Myers market is following suit to Cape Coral with an increase year over year in sales and a decline in sales from a month ago. Sales totaled 234 in September.
Inventory levels showed no real change from a month ago, as we move into the fourth quarter, expect levels to rise as this area prepares for their seasonal shift.
Single family home inventory hit 1,474 for September.
The average sales price for this area at $306,000, no gain or loss from 2017.
“Cape Coral Backyard News”
The beginning of our annual cyclical shift is in full force in Cape Coral, inventory levels increased again from last month by 5% while this area did see another month over month rise it still wasn’t enough to propel it to favor either buyers or sellers. For the time being, Cape Coral remains at neutral inventory levels with over 1,800 single family homes and 361 single family sales. Total number of sales rose by 4% last month from a year ago, however sales in September declined from August by 21%. Average sales prices dipped last month by over 8% from a year ago. The reasons may be attributed to more inventory levels, affordability issues resulting from higher rates and fewer entry level homes causing buyers to hold off on purchasing a home.
“Hidden Gems in SW Florida”
Buckingham Farms Fort Myers
You may not ever be genuinely “in the neighborhood,” but you will find yourself making excuses for special trips out to this Fort Myers farm. The 50-acre working hydroponic farm also encourages visitors to its country store, “Rustic Barn” event space and counter-service café with a vegetation view. While they also offer weekday lunch and Friday dinner, we recommend you get your introduction to their fresh product with the to-die-for Saturday breakfast menu (read: bread pudding-style French toast, farm-fresh scrambled eggs and homemade biscuits “smothered” in rich sausage pan gravy). Afterward, drop into the store for stuff like honey, jam, heirloom tomatoes, kale, strawberries and Southern-style chow chow. Yum.
12931 Orange River Blvd (14.84 mi)
Fort Myers, Florida 33905
It Doesn’t get any better
PARADISE FOUND!!! This all updated home located in Matlacha a small town in unincorporated Lee County, a quiet Gulf Access neighborhood. 3 Bedrooms 2 Bath located on a cul-de-sac lot with circular paved driveway.This home has been extremely well-maintained. updated and move-in ready.
Prime SW Cape Coral location on a quiet street. Gulf Access home 3/2 with small Den located on a 150′ wide western exposure canal, aggressively priced. The property features an open floor plan with lots of natural light, split bedrooms
Just like new 3 BR/2 Bath plus Den home located in a great area of Cape Coral. Beautiful Tile throughout, large Breakfast Bar, all stainless steel appliances, huge pantry, lots of plant shelves upgraded lighting and fans, large Dining area, and the whole house is freshly painted inside and out.
Amendment 2 is on this year’s ballot. The passing of this law would make the 10 percent cap permanent on annual increases of non-homestead property taxes, which includes home and apartment rentals, business and commercial parcels and vacant lots.
Challenges with Manufactured Homes in a flood zone (Pine Island as an example). FHA and VA do not allow you to close Manufactured Homes in a flood zone unless they are at a certain elevation, unlike Conventional loans. A preemptive move is to have your buyers and sellers get an elevation certificate to the lender to confirm if they can go FHA or VA. Requirements for Manufactured Home financing are: they must be built after 1976, own their own land, fixed to the ground and must be at least 14 feet wide.
2nd Home/Vacation Home- Investors, there are programs which allow the borrower to purchase a vacation home for 10% down.
Fannie and Freddie may be backing up all Non-QM Mortgages in the foreseeable future.
Things to do in LEE County
Did You Know?
That there is a Music Walk in Fort Myers?
The River District comes alive on the third Friday of the month as local and regional musicians line the streets. From jazz and blues to rock & roll, many genres can be heard and vary each month. Free to the public with many venues featuring additional attractions and specials. 6-10 pm.
Registration is required to be a performer at Music Walk events.
Bike Night Is Here again!
Cape Coral Parks and Recreation is proud to bring Cape Bike Night! Motorcycle enthusiasts can get together and listen to live bands, eat great food, and just have fun! This event takes place the second Saturday of October, December, February, and April each year. This is a great opportunity to see the new products and biker gear, and enjoy a rock-n-roll/country night out on the town, BIKER STYLE!
Backyard Beer Garden Just Opened!
The new restaurant is a vast departure from Two Amigos. Its focal point is a new bar trimmed in reclaimed wood and topped with hammered copper. A series of lounge areas, made from pallets topped by colorful cushions, line one side of the dining room. Strings of Edison bulbs hang from the ceiling, and from an all-new pergola that shades the 60-seat patio on Cape Coral Parkway.
This is a Fun Place to visit!!!
Wacky Monster Cookies
roll (16.5 oz) Pillsbury™ refrigerated sugar cookies
Neon gel food colors (orange, purple and green) SAVE $
Rope licorice, candy eyes, large and miniature marshmallows, candy corn, 1 pouch black cookie icing.
Heat oven to 350°F. In large bowl, crumble cookie dough and add flour, kneading until well blended.
On floured surface, roll dough to 1/4-inch thickness. Cut with floured 1/2- to 3 1/2-inch shape cookie cutters (round, square, triangle). On ungreased cookie sheets, place cutouts 2 inches apart. Reroll dough and cut additional cookies.
Bake 11 to 13 minutes or until edges are lightly browned. Cool 5 minutes; remove from cookie sheet to cooling rack. Cool completely. Meanwhile, separate frosting into 3 small bowls, and add gel food color; mix to desired colors. Frost and decorate cookies, using photo as a guide.
Hope you enjoyed reading my monthly Newsletter, until November.
Lilo Clacher your Southwest Florida Realtor, representing Cape Coral, Fort Myers, North Fort Myers, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Pine Island, Bokkeelia, Matlacha, Saint James City FL.