Despite the wrath of Mother Nature, demand for the serene, waterfront homes of Cape Coral, in southwest Florida, is rising rapidly. This young community, only about forty years old, is still highly affordable; a home for sale in Cape Coral has a median house price of approximately $200,000

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For Sale in Cape Coral

It’s Still Paradise in Sunny Florida

Combine the low market value of homes for sale in Cape Coral with an increase in retiring baby boomers, low mortgage interest rates, and a mean annual temperature of 74 degrees, and you can guess that demand is high and asking prices are going up. Cape Coral is located in Lee County, which has been one of the country’s fastest growing regions for more than ten years. Located in southwest Florida, the repeated onslaught of natural disasters (ie really angry hurricanes) has not scared away any potential buyers. This ongoing population growth has added thousands of jobs to Florida’s job market and flooded billions of dollars into the already healthy economy.

People are relocating to Cape Coral and other cities in Florida in order to take advantage of interest rates and housing costs before they get too high. With housing costs still relatively low, many people can invest large amounts of equity built in their out-of-state homes and put large dollar amounts down on these Florida homes (some can even pay for them entirely without obtaining a mortgage). With Florida’s explosive growth, it is very easy for buyers to quickly build equity in these newly found homes for sale in Cape Coral.

Will Florida See a Downturn?

As soon as mortgage rates increase, residents from other states may find it difficult to sell their homes and relocate, thus decreasing the number of people moving readily into Florida. However, market researchers suggest that Florida’s amazing real estate trends are immune to the effects that rising interest rates may have on other markets. Florida has been and will continue to be a sought-after locale for retirees and other buyers looking to move to a warmer climate and find that little piece of waterfront paradise at a really attractive price. Cape Coral is one of those cities that are expected to keep up with current rates of growth.

The Quaint Waterfront Community of Cape Coral

Cape Coral is the second largest city in Florida geographically (about 114 square miles), and the state’s 12 th largest city by population (about 120,000 and counting). Many of the houses for sale in Cape Coral are located on man-made canals. A large number of these canals lead directly to the Gulf of Mexico and Charlotte Harbor. Since Cape Coral is a peninsula, thousands of homes are right on the water. This quaint design makes the Cape Coral community very attractive to people looking to retire along Florida’s coast.

Looking For a Home in Cape Coral?

If you want to check out this little Eden on the coast of Florida, look no further than your own PC. Home sellers and builders in Florida are well aware that many of their potential buyers are currently living outside of Florida and won’t be able to make frequent trips to look at homes. In addition to detailed home descriptions on the Multiple Listing Service (MLS), many sellers and builders have photo and video tours on comprehensive websites. This way, buyers can feel more confident choosing among the available homes for sale (or sometimes even buying sight-unseen).

Otherwise, you might as well use your home search as an excuse to take your family on a trip to Florida. You want to tour of the Florida coast in order to find a dream home for sale in Cape Coral? I doubt you’ll hear any complaints!

A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®