Mon Nov 23 2020
This week the median list price for Cape Coral, FL 33914 is $635,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has held steady at or around 196.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$635,000|
|Per Square Foot||$261|
|Days on Market||137|
|Strong Seller's Market|
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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|
|$1,150,000||3,446||0.25 - 0.5 acre||4||4||13||1||5||195|
|$719,900||2,478||0.25 - 0.5 acre||3||3||19||6||4||152|
|$499,500||2,124||0.25 - 0.5 acre||3||2||16||9||6||130|
|$319,900||1,816||0.25 - 0.5 acre||3||2||20||14||14||69|