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.

The main takeaways in the Cape Coral condo market were that the number of closed sales in our overall condo market in the month of May were 28% higher than they were in May 2024, but during the first five months of this year the number of overall closed condo sales were 6% lower compared to the first five months of 2024. This decline in the first five months was driven by a drop in the number of dry lot condo sales. Another positive note was that the number of closed condo sales in our saltwater canal segments were higher than they were over the first five months of last year. But the big negative in the Cape's condo market was that median condo sales prices were lower across the board this May when compared to May 2024.

We continue to see a lot of sellers in Cape Coral and throughout Southwest Florida struggling to attract potential buyers and get their homes sold. Based on our personal experiences and from conversations with a number of Realtors, it is clear that the level of frustration is continuing to grow. As we have been noting […]

The theme in the Cape Coral single-family home market remains much the same, as homes priced properly to the market seem to find their way to a buyer, although things have slowed down a bit in our typical out-of-season fashion. Home price trends remain under pressure. Current active listings and pending sales As of Tuesday, […]

Goshen. The event was in tribute to the conservative activist who was killed last week in Utah.