housing

Hello April, Hello Cape Coral

Picture13Hello it’s April 2015!  Where is the year going?  Seems just like yesterday I published the March edition of Livin on the Cape!  Well its been a warm spring already – temperatures have been in the mid to high 80’s and the AC is cranking.  Pool cover coming off next week and water temps will be regulated naturally by the sun.  Busy time in the Cape!  The influx of Northern visitors has been at a maximum this year.  Multitudes escaping from a brutal winter!  Have seen license plates from all over the Northeast and Midwest and some even from Alaska – now that’s quite a drive and determination to escape the cold!  The coming of spring has awakened our dormant hibiscus plants and now are beginning to bloom.  Soon we will traverse from the dry season to the wet one with afternoon rains that will last fro about 10to 20 minutes. A ni8ce time to sit under the lanai and just relax!  April also brings us the dreaded tax filing deadline!  This April we celebrate Easter and Passover coinciding at the same time.  We wish all our friends and family Happy Easter, Happy Passover and Happy Spring!

Cape Coral Growth is On!

The influx of new residents in the Cape Coral/Fort Myers area continues to be on the rise.  A sound economy, affordable housing, great weather  and a reasonable cost of living continues to be the main drivers.

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Housing Summary Cape Coral March 2015

Looking to Buy:

It’s an active market in Cape Coral and Fort Myers!  Inventories continue to be on the low end although there was an increase in listings from mid February to mid March.  Median prices have continued to increase steadily.  If you are considering that second vacation home to escape next years’ winter or looking to make this part of SW Florida your new permanent home – then now is the time.  Call or email us and we will be more than happy to help you find that new place in the sun!

 

  • The median sales price for homes in Cape Coral FL for Dec 14 to Mar 15 was $155,000. This represents an increase of 0.6%, or $1,000, compared to the prior quarter and an increase of 6.2% compared to the prior year.
  • Sales prices have appreciated 55% over the last 5 years in Cape Coral.
  • The average listing price for Cape Coral homes for sale on Trulia was $377,380 for the week ending Mar 04, which represents a decline of 1.1%, or $4,007, compared to the prior week and an increase of 0.4%, or $1,657, compared to the week ending Feb 11.
  • Average price per square foot for Cape Coral FL was $111, an increase of 5.7% compared to the same period last year.

The Rental Market:

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Cape Coral Monthly Rental Summary Y to Y (2014 vs. 2015)  Note the increases in 2, 3, and 4 bedroom units.

The rental market in 2015 is being driven by three significant factors: Millennials the future drivers of the real estate ownership market (single family residences) are being hampered due over $1 trillion in student loans hanging over every financial decision. An abysmal jobs market and banks’ unwillingness to lend money are forcing millions of Americans to rent instead of buy. In addition to these factors, an unexpected side effect of the mortgage crisis has been the replacement in many neighborhoods of single-family homeowners with renters. So the upward tick in rents in the 2, 3 and 4 bedroom units in Cape Coral continues.  For investors this may be a good time to invest in rental property.

Events

Come to the Butterfly House!

DSC_0089_edited-1Want to engage in a fun, springtime family activity?  Come to the Tom Allen Memorial Butterfly House at Rotary Park in Cape Coral.  Free tour every Monday, Friday and Saturday at 10:30 a.m. Reservations are not required.  Many different species of butterflies and floral plants can be seen at the Butterfly House.  Make sure to visit the resident iguana too.  Rotary Park also offers a great nature hiking trail as well as places to sit relax and enjoy nature!   Courtesy of the Friends of Wildlife. Donations accepted. Call 549-4606, email rotaryparkinfor@capecoral.net or visit capeparks.com for information. Rotary Park, 5505 Rose Garden Road, Cape Coral.

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Here Comes the Sun(set)!

WP_20140205_006April 1st -Sunset Celebration It’s a monthly event the first Wednesday of each month in Cape Coral at the Cape Coral Yacht Club!

– Enjoy Southwest Florida’s fabulous sunsets on the first Wednesday of every month on the Caloosahatchee River.    The celebration includes live music, and over 50 vendors selling arts and crafts, jewelry, gift items, and much more! Free Admission. Cape Coral Beach and Yacht Club.  It’s a grand time, our last time we attended there was  live entertainment on the beach along with the vendors and food carts.  Took a walk out on the pier and enjoyed the evening breeze as the sun set in the West over Sanibel Island.  Just another great venue here on the Cape.  If you’d like to do dinner the new Boathouse Restaurant is right off the pier.  And if you want to boat in to the area there is plenty of docking space available.  It’s a beautiful way to spend a relaxing evening mid-week!

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Print April 11- Cape Coral Bike Night- The City of Cape Coral’s Parks & Recreation hosts one the largest collection of motorcycles, live music, food, games and entertainment in Southwest Florida. With four different events throughout the season, Bike Night has become one of Cape Coral’s most anticipated events. This year Bike Night includes; two stages of live music, dunk tank, and Dixie Roadhouse Bull Riding Contest. More information at:  http://www.come-to-cape-coral.com/cape-coral-bike-night.html

 

thApril 17 & 18- Cape Coral Cardboard Boat Regatta- From the African Queen to Viking Ships to floating turtles, this one of a kind event has something for everyone floating through the bimini basin at Four Freedoms Park in south Cape Coral. Come enjoy watching boat makers float their cardboard boats through the water and see which ones make it to the finish line. More information at http://www.capecoralregatta.com/

 

Canals, Canals and More Canals!

capeLabeledDid you know that Cape Coral has more canals than the city of Venice Italy? Cape Coral Florida has over 400 miles (640 km) of canals, more than any other city in the world.  Most of the canals are navigable and some have access to the Gulf of Mexico. Canals are what makes Cape Coral unique, they increase quality of life with more water views for homes; provide recreation such as boating, kayaking and fishing, flood protection, and irrigation water; attract wildlife, and maintain home values.  Cape Coral includes both saltwater and freshwater canals.  Saltwater canals refers to those with Gulf access, freshwater canals do not!  The freshwater canal system makes up for this with a large network of lakes and basins for freshwater fishing. Whatever your pleasure the canal system is a boater’s paradise! Click on the canal make for a larger view of the canal system.

Map of Cape Coral, Florida and surrounding islandsThis map gives a perspective of where Cape Coral and Fort Myer’s are located in relation to the Gulf of Mexico and other waterways.  Cape Coral is a peninsula surrounded by the Caloosahatchee River on the Southeast, Matlacha Pass on the West and Charlotte Harbor on the North. The canal system can have access to all of these water boundaries and in turn to the Gulf of Mexico.  The Gulf is located on the western side of the barrier islands – Sanibel, Captiva and Boca Grande.  Fort Myers Beach is located directly on the Gulf of Mexico as is Estero to continue  South to Naples and Marco Island. To the North of the Cape one will find Port Charlotte and Punta Gorda.  All are premier communities of Southwest Florida and it’s no wonder that visitors become residents after experiencing the beauty, weather and lifestyle of the area.  Hope to see you soon!

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Lover’s Key State Park Estero

Thank you for visiting our blog.  Our goal continues to provide you with a snapshot of the SW Florida area and lifestyle. We trust you found the information helpful and may spark your desire to visit. Should you need additional information or if you would like to start a property search or even visit  please feel free to contact us – there is no obligation and we would be more than happy to help and answer all your questions!   Have a Happy Spring!

 

 

 

 

 

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