There were 506 new home permits issued in 2013 vs 339 for 2012, an increase of 167. Click the chart to the right to enlarge it and view the trend lines.
The Sandoval development continued its success but represented only 17% of the new home building permits with 87 issued. In 2012, the community totaled 96 permits and represented 28% of Cape Coral Fl’s total. Sandoval remains a key contributor to the city growth but is no longer the major player it once was percentage wise, as demand continues to grow in other parts of Cape Coral, Florida. The amenity rich Sandoval Community recently celebrated the opening of its newest addition. Two regulation size Bocce courts. They each measure 90’ X 13’. The Sandoval Men’s Bocce League continues to grow with approximately 75 participants ready to compete in the 2014 season.
You can view Sandoval MLS listings at http://www.capecoralhouseforsale.com/
Cape Coral Florida property values continue to rise with gulf access, no bridge or one bridge properties soaring in value. Home sites in Tarpon Point, Cape Coral’s premier community, are listed as high as the $1,000,000 range. Tarpon Point Landings includes spectacular views. To learn more about Tarpon Point and browse MLS listings click this link: http://www.capecoralhouseforsale.com/
Buyers are returning, according to the data. Why not? Cape Coral, Florida still has its 400 miles of canals, the Caloosahatchee River, Gulf of Mexico, proximity to Naples, Fl and Fort Myers, Fl in addition to its desirable Southwest Florida climate to attract those seeking to purchase a piece of paradise at substantial discounts when compared to a few short years ago.
Look at these numbers representing new home building permits from 2008 through 2013. The trend is obvious.
§ 2008 – 209
§ 2009 – 180
§ 2010 – 215
§ 2011 – 268
§ 2012 – 339
§ 2013 – 506
Cape Coral is still nowhere near its peak building boom year of 2005 when almost 7400 new home building permits were issued. Still no one is complaining about the increases of the last four years after the financial crises the country experienced. Why should they when data provided by the Realtor Association of Greater Fort Myers and The Beach shows Lee County's median home prices jumped 21.4% to $170,000 in November 2013 vs the same period last year.
If you are interested in searching for homes in SW Florida, try browsing my recently enhanced website’s search capability. Easily research resale homes using the advanced search feature which also includes 31 popular gated communities in Cape Coral, Ft Myers, Bonita Springs and Estero. Visit my website at www.capecoralhouseforsale.com/