“The Cape Coral housing market has been shifting from a seller’s market to a buyers market. The trend has continued into the second quarter of 2006. The first few weeks of April have seen many sellers reducing their prices to stay competitive in the market. While the housing market has slowed from the record highs of the past few years, Cape Coral continues to be one of the fastest growing cities in the nation and home sales will remain strong when homes are priced right.”
Location Characteristics: As one of the fastest growing cities in the nation, Cape Coral boasts over 400 miles of fresh and saltwater canals. Boaters can enjoy direct Gulf of Mexico access or venture to the many freshwater lakes Cape Coral is known for. The city has built up tremendously, with residential and commercial projects constantly in the works. It is conveniently located to the best beaches in South West Florida, airports, dining and nightlife.
FORT WORTH, Texas – May 16, 2006 – Strong storms are roaring in from the Atlantic Ocean more often, but that hasn’t stopped a home-buying and building frenzy along the country’s hurricane-threatened coastline.
Prices for coastal property along the Gulf of Mexico and the Atlantic continue to climb, especially in Florida, because more Americans can afford to live there, real estate analysts say.
And that growing army of customers is chasing after a limited supply of real estate. The result is a more densely populated American coastline, with more people and increasingly valuable property exposed to potential storm damage.