Thu Sep 16 2021
This week the median list price for Cape Coral, FL 33914 is $725,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 126.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$725,000|
|Median Price of New Listings||$490,000|
|Per Square Foot||$327|
|Average Days on Market||42|
|Median Days on Market||28|
|Strong Seller's Market|
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,394,900||2,618||0.25 - 0.5 acre||4||3||16||1||2||35|
|$825,000||2,234||0.25 - 0.5 acre||3||2||16||7||3||28|
|$589,750||2,016||0.25 - 0.5 acre||3||2||22||5||11||24|
|$374,950||1,639||0.25 - 0.5 acre||3||2||22||11||9||28|