Cape Coral Fl 2011 New Home Building Permits - Best Year Since 2007

The city of Cape Coral Fl just released its new home building permit data through October 2011. The numbers are
By: Michael Rogala
 
 
Building Permits October 2011
Building Permits October 2011
Nov. 7, 2011 - PRLog -- The city of Cape Coral Fl just released its new home building permit data through October 2011. The numbers are great news for the city. The October results ensure 2011 will be the best year for new home building permits since 2007.

There were 21 new home single family permits issued for the month of October.  The 2011 year to date total for Cape Coral, Fl is 223. That number already exceeds the total permits issued for any of the last three years. The previous high for the last three years was the 215 total permits issued in 2010. That's welcome news with two months remaining in the year to pad that increase.

The Sandoval development continued to drive the new home permit data for Cape Coral in October. The amenity rich community accounted for 9 of the 21 permits issued. For the year, Sandoval accounts for 109 of the 223 permits issued or 49%.You can view the MLS listings for Sandoval at http://www.capecoralhouseforsale.com/properties/sandoval/ or learn about the community amenities and view over 60 photos at http://www.capecoralhouseforsale.com/learn/sandoval-cape-....

It certainly appears like Cape Coral, Fl is in the early stages of a housing recovery. Home inventories are also way down from the 2007-2009 period where foreclosures and short sales caused the number of listed homes on the market to exceed 10,000. Resale properties have leveled off to the 1400-1500 range for single family homes since July.  Buyers are returning slowly but surely according to the data. Why not? Cape Coral still has its 400 miles of canals, the Caloosahatchee River, Gulf of Mexico, proximity to Naples, Fl and Fort Myers, Fl and desirable Southwest Florida climate to attract those seeking to purchase at about a 50% discount compared to a few years ago.

New single family home building permits are just one indicator pointing to a housing recovery. Going back as far as 2007, when 824 building permits were issued, permits trended steeply downward in 2008 (209) and 2009 (180). The year 2010 (215) saw a return to 2008 levels. Thankfully, 2011 is the best year of the last four years for new home building.

“We appear to be well on our way out of the real estate crash”, said Michael Rogala a Realtor® who specializes in Cape Coral and Fort Myers, Florida properties, "I’m encouraged by the building now taking place in Cape Coral, Fl. Gulf access, no-bridge lots on the spreader are selling again. Several have sold for over $300,000 in the last few months.”  Visit Mike's website at http://www.capecoralhouseforsale.com for more information on his eight featured amenity rich communities, including Sandoval, plus prestigious waterfront dream lots and homes.

Contact Mike and he will be happy to guide you through the process of buying or selling a home. He also has the knowledge to provide valuable information related to Southwest Florida builders that will assist you in weighing the pros and cons of building a new home or to discuss the existing resale opportunities. Speaking to an individual who researches the market may pay off for you.

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I am a Realtor serving the Cape Coral and Fort Myers Fl areas. My webite features links to the MLS listings for eight amenity rich communities plus prestigious land and spectacular homes.You will also find detailed information on each community with numerous photos in order to assist you in finding that piece of Florida paradise.
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Zip:33914
Tags:Cape Coral, Home, House, Sandoval, Permits, New Home, Building, Florida
Industry:Real Estate, Construction, Home
Location:Cape Coral - Florida - United States
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Page Updated Last on: Nov 08, 2011
Michael Rogala,Broker Associate Southern Premier R PRs
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