Cape Coral gulf access homes sales remained strong in July with 79 closed sales. Although sales were down from the approximate 110 sales in May and June, sales were still up considerably from the average sales over past 5 years. The median sales value has been relatively stable over the past 8 months with July coming in at $270000. We may be seeing the bottom of gulf access median sale prices. The gulf access market is affected by foreclosed homes and short sales with 52% of sales being distressed reo or short sales. There still is healthy number of “normal” sales occurring at 48% of closed sales. We still have a high inventory of homes with approximately 10 month supply.   

Steve Koffman

Broker/Associate

Century21 Sunbelt Realty, Inc

239-443-2463  Steve@koffman.com