Cape Coral Real Estate Trends

As the median home prices continue to climb in Cape Coral Florida, we continue to see less than 4 months of inventory available for single family homes.

June 2016 Average Sold Price per Square Footage is Neutral Based on 6 month trend – Appreciating/Depreciating/Neutral

Average Sold Price per Square Footage in June 2016: $147
• Up 8.9% compared to the last month
• Up 16.7% compared to the last year

Jakus Realty Team gets homes SOLD

Assisting clients to market and sell their home sold for the most money in their particular time frame is always our number one objective. Below is a list of properties Listed and Sold by Jason Jakus, the Jakus Realty Team of NextHome Advisors in 2015. We specialize in marketing and selling homes that failed to sell the first time on the market.

Please contact us for a list of our Most Recent Sales. We are also happy to provide you with a list of references to call anytime.

Captiva Island welcome sign in South Florida
Welcome to Gorgeous Captiva Island

 

1013 TROPIC TER NORTH FORT MYERS
1813 FRENCH ST FORT MYERS
1402 GARDENIA AVE FORT MYERS
3038 ROYAL PALM AVE FORT MYERS
1015 ROSE AVE FORT MYERS
5514 VIRGINA DARE LN NORTH FORT MYERS
1409 FLORAL DR FORT MYERS
4641 PALM TREE BLVD #1 CAPE CORAL
3425 FRANKLIN ST FORT MYERS
1495 MAPLE DR FORT MYERS
5526 BEN FRANKLIN LN NORTH FORT MYERS
2253 9TH CT LEHIGH ACRES
8687 RIVER HOMES LN #4101 BONITA SPRINGS
1873 JEFFERSON AVE FORT MYERS
3490 N KEY DR #316 NORTH FORT MYERS
12001 ROCK BROOK RUN FORT MYERS
13288 WHITE MARSH LN FORT MYERS
1118 NW 10TH ST CAPE CORAL
1115 SE 29TH ST CAPE CORAL
8160 PELICAN RD FORT MYERS
14831 PARK LAKE DR #310 FORT MYERS
28121 PINE HAVEN WAY #111 BONITA SPRINGS
11026 SMOKEY DR BONITA SPRINGS
2719 NW 9TH AVE CAPE CORAL
13100 BELLA CASA CIR #124 FORT MYERS
15645 OCEAN WALK CIR #116 FORT MYERS
2350 W 1ST ST #406 FORT MYERS
1819 SE 20TH LN CAPE CORAL
2505 NW 24TH ST CAPE CORAL
1203 NW 20TH TER CAPE CORAL
321 SANTA BARBARA BLVD CAPE CORAL
5561 PANGOLA RD FORT MYERS
2019 HANCOCK BRIDGE PKY CAPE CORAL
1606 SW 19TH TER CAPE CORAL

STAGING YOUR HOME FOR THE MARKET: HOW TO GO ABOUT IT

Staging your home can make a huge difference when selling. Properly staged homes (by a stager, not just thrown together) can bring out aspects of the home, as well as make rooms look more sizably voluminous, exhibiting livability of the space.

Obviously the reliance on staging is smart. If you had the option between two similar homes, where one looked immaculate and perfectly decorated and the other was dirty and filled up with random furnishings, you would naturally go with the home that looked better.

We are told ahead of time to always place our best foot .forward, especially when you want to appeal to other people. You clean your car or truck before you try to sell it. You dress great for interviews when you want a job. It only makes sense to spruce up your own home for potential purchasers. The problem comes once you have unreasonable expectations associated with staging. Home staging isn’t substitute for the effort that goes into selling a house.

Things like hiring the right Realtor, setting the right price and marketing the house effectively are a lot more important in selling a house than the furnishings. When you wish to sell your property quickly and for a good price you have to do everything right. Staging generally is a helpful addition to the present process but it’s no substitute for each of the more important steps that go into home sales.

If your house has not been drawing in the attention of would-be buyers, you can hire a stager to sell more faster and for more money.

What Home Stagers Do

A home stager is akin to an interior decorator — with expertise in orchestrating and culling colors, fabrics, and furniture, and arranging them all in.

Dramatic Interior of A Beautiful Master Bedroom.
Dramatic Interior of A Beautiful Master Bedroom.

But a great home stager brings a couple of extra things to the mix. The stager is just not focused on making a home that suits your personal taste and desire for everyday comforts, but instead on making your home appeal to a wider range of preferences. Livable or not — most likely not, after you’ve concealed the toaster, toothpaste, and clothing hamper – the thought is for the stager’s work to make people begin to look all starry eyed at your place and want to buy it.

More precisely, here’s what any stager might do to have your house ready for sale:

-Examine your home from top to bottom, and explain — ideally in a very written report — what must be done to make it ready. Together, you and the stager can examine the recommendations in addition to costs, and develop a plan.

-Identify specific methods to highlight your home’s best features and compensate for its shortcomings. For instance, the stager could possibly recommend removing curtains coming from a window that has a great view; or maybe, in a small bedroom, replacing the double bed having a twin or possibly a baby’s crib, in order to make the space look larger.

-Recommend which items of your furniture or household possessions should stay in the home and which must be removed before an open house or maybe showing.

-Recommend repairs, arrange repairs or maybe other major work on your home — simply by lining up contractors, carpenters, painters, in addition to landscapers, and supervising their work. (You’ll normally pay their expenses separately, however. )

-Bring in furniture, art work, curtains, carpets, pillows, and even artful-yet-homey objects like a bowl of grapefruits (either real or maybe high-quality fakes! ), potted orchids, and also a welcoming doormat.

-Add finishing touches before an open house or main showing. For example, the stager could possibly add fresh plants, or put a pie inside oven on low heat as a way to waft delicious aromas through the house.

December 2015 Housing Market Update Fort Myers and Cape Coral

Jason Jakus Market Updates
Jason Jakus Market Updates

Housing Market Update for Fort Myers and Cape Coral ends 2015 with a 21.6 percent increase in Median Sale Price for Single Family homes; 13 percent decrease of Months Supply of Inventory

The Cape Coral and Fort Myers 2015 median price ($231,000) finished a healthy 21.6 percent higher than the 2014 annual median price ($190,000), thanks to a full 12 months of year-over-year price increases.

“We saw several significant trends in 2015,” says REALTOR® Association President Jason Jakus, NextHome Advisors., “most notably we are seeing a decrease in inventory (Active Listings), which is down 4.3 percent .”

 

December 2015 Market Recap

The overall median price of Single Family Homes for the month of December 2015 is $231,000, a 21.6 percent jump compared to the $190,000 median price in December 2014.

Condo Median prices were also up 2.6 percent in December 2015 ($189,900) compared to December 2014 ($185,000).

Closed Sales of Single Family Homes was down 2.8 percent in December 2015 (1132 closed sales) compared to December 2014 (1165 closed sales) and New Pending Sales were down 4.2 percent in December 2015 (1405) compared to December 2014 (1467), which is a direct result of lower inventory.

 

Completed Sales

A total of 1132 Completed Single Family Home Sales and 553 Condo Sales (down 6 percent from December 2014 where 588 Condo Sales were completed) were completed in December 2015.

Single-family home sales decreased 11.64 percent in December 2015 compared to December 2014, while condo sales increased 8.31 percent.

Cash sales for Single Family Homes was down 10.8 percent from 507 sales in December 2014 to 452 sales in December 2015. Condo cash sales were significantly down from 414 in December 2014 to 343 in December 2015, a 17.1 percent decrease.

 

Pending Sales

Pending sales – those under contract and awaiting closing – were down 6.2 percent for Condo Sales and 4 percent for Single Family Home Sales.

 

Inventory

The number of existing homes (all types combined) that were available for purchase in December 2015 is 4.7 percent below that of December 2014 and now rests at 7,683.

Current inventory combined with the current pace of sales created a 4.5-month supply of Single Family Homes in Fort Myers and Cape Coral for December 2015. There was a 5.2-month supply in December 2014 for Single Family Homes.

 

Affordability

Although the Median Sale Price for Single Family Homes was up 21.6percent, the Average Sale Price was up 17.2 percent ($333,735) compared to December 2014 ($284,741).

The Median Sale Price for Condos was up 2.7 percent while the Average Sale Price for December 2015 was up 5 percent ($247,045) from December 2014 ($235,199).

 

Market Recap

All indications show that the market will continue to improve in 2016. The average days on market for Condos went from 43 days in December 2014 to 40 days in December 2015 and Single Family Homes average days on market went from 34 days in December 2014 to 30 days in December 2015. With inventory shrinking as shown from a decrease in both Active homes for sale as well as lower pending sales, prices will continue to grow. When supply is lower than normal, and the market shifts, prices will continue to rise in 2016.

 

Stoneybrook Golf Course Estero Florida

Stoneybrook Golf Course is a challenging par 72 course designed by the widely renowned architects Jed Azinger and Gordy Lewis. With seven sets of tees, Stoneybrook offers a golf course for everyone and is one of only 200 courses nationwide to be certified “Beginner Friendly” by the National Golf Course Owners Association. Stoneybrook Golf Club, from the Champions Tees, is one of the longest golf courses in Southwest Florida. Wide and generous fairways wind through immense preserve areas and crystal clear lakes leading to large undulating greens protected by imposing bunkers and rolling mounds.

My most recent time playing Stoneybrook Golf Course, the staff was very friendly as were every single golfer we encountered. The course was in very good condition and I found the back nine a little more challenging as some of the holes have a little more narrow fairways.

For Real Estate in Stoneybrook Golf, the median home price is currently $ 312,000 and an average days on market of 49 days. Homes in Stoneybrook includes condos, villas and single family homes. If you are looking for a great home with lush landscaping and a great golf course, Stoneybrook Golf Course is your place.