By: Bob Quinn
The main takeaway in the Cape Coral single-family home market was that the monthly average median sales prices for the first five months of this year were down across the board in all of our property segments compared to the first five months of 2024. Also of note, the second highest priced active listing in the Cape reduced their list price by $500,000 to $6.2 million on June 12. This new construction riverfront home was initially listed for $7.867 million in September 2024, so the price has been reduced by a total of $1.667 million or 21.2%. When priced properly to the market, buyers emerge, offers are made and homes get sold.





