According to the new home building permit data compiled by the City of Cape Coral, Florida for calendar year 2013, new home building in the city flourished. For the fourth consecutive year, since this key matrix bottomed in 2009, the number of new home building permits issued will increase when compared to the previous calendar year. The results for 2013 are impressive. They represent a 49% increase vs 2012.
There were 506 new home permits issued in 2013 vs 339 for 2012 for an increase of 167. Click the chart below to enlarge it and view the trend lines.
The Sandoval development continued its success but represented only 17% of the new home building permits with 87. In 2012 the community totaled 96 and represented 28% of Cape Coral Fl’s total. Sandoval remains a key contributor to the city but is no longer the major player it once was as demand continues to grow in other parts of Cape Coral, Fl. The amenity rich community recently celebrated the opening of its newest addition. Two regulation size Bocce Courts. They each measure 90’ X 13’. The Sandoval Men’s Bocce League continues to grow with approximately 75 participants
You can view MLS listings for Sandoval at http://www.capecoralhouseforsale.com/properties/sandoval/ or learn more about the community amenities and view over 60 photos at http://www.capecoralhouseforsale.com/learn/sandoval-cape-….
Cape Coral, Fl property values continue to rise with gulf access, no bridge or one bridge properties soaring in value. Home sites in Tarpon Point, Cape Coral’s premier community, are listed as high as the $1,000,000 range. Tarpon Point Landings includes spectacular views. To learn more about Tarpon Point and browse MLS listings click this link: http://www.capecoralhouseforsale.com/properties/tarpon-po…
Buyers are returning, according to the data. Why not? Cape Coral still has its 400 miles of canals, the Caloosahatchee River, Gulf of Mexico, proximity to Naples, Fl and Fort Myers, Fl in addition to its desirable Southwest Florida climate to attract those seeking to purchase a piece of paradise at substantial discounts when compared to a few short years ago.
Look at these numbers representing new home building permits from 2008 through 2013. The trend is obvious.
- 2008 – 209
- 2009 – 180
- 2010 – 215
- 2011 – 268
- 2012 – 339
- 2013 – 506
Cape Coral, Florida is still nowhere near its peak building boom year of 2005 when almost 7400 new home building permits were issued. Still, no one is complaining about the increases of the last four years after the financial crises the country experienced. Why should they when data provided by the Realtor Association of Greater Fort Myers and The Beach shows Lee County’s median home prices jumped 21.4% to $170,000 in November 2013 vs the same period last year.
If you are interested in searching for homes in SW Florida, try browsing my recently enhanced website’s search capability. Easily browse resale homes using the advanced search feature which also includes 31 popular gated communities in Cape Coral, Ft Myers, Bonita Springs and Estero. Visit my website at www.capecoralhouseforsale.com/properties/mls-search and give a try.
Contact me and I will be happy to guide you through the process of buying or selling a home. I’ll assist you in weighing the pros and cons of building new or discuss the existing resale property opportunities. Speaking to an individual who researches and knows the market can save you time and money. Call me today at (239) 738-8088!
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