2315 Sagramore Place Cape Coral, FL 33914
John J. Milaski LLC Broker Associate
Mobile: 239.314.8016 jmilaski@miloffaubuchonrealty.com capeharbourhomes.com
DON’T EXPECT A
PRICE DROP IN HOME PRICES IN 2023
Expect an increase of 1% in the national median home price next year instead.
bold move.™ Assistance with BUYING, SELLING and BUILDING
The Current Market While elevated rates, sluggish sales, and high inflation have taken a toll, it’s unlikely home prices will drop next year. In fact, we may see a further uptick; home prices are holding steady for most parts of the country since inventory is extremely low.
Mortgage Rates Housing inventory is about a quarter of what it was in 2008, with distressed property sales at just 2% and nowhere near the 30% mark seen during the crash. There are signs that mortgage rates have topped out at 7%. One example is the October consumer price index, which shows inflation is rising less than expected.
Predictions Home sales are expected to decline by 7% in 2023. However, 2024 is expected to result in a strong rebound, with a projected increase of 10% in home sales and a 5% increase in the national median home price. Prices should hold firm or marginally grow. Source: Dr. Lawrence Yun, Chief Economist for the National Association of Realtors
Cape Harbour
Empowering your next
JANUARY 2023 REAL ESTATE MARKET REPORT PRESENTED BY
PREPARED ESPECIALLY FOR
YEAR-TO-DATE
REAL
ESTATE
CONDOS Committed to be your Ambassador, Strategist and Negotiator JOHN J MILASKI LLC
BSEE, MBA, GRI, PSA, MRP, CSP, ACCRS, CNE Cape Harbour Resident for over 24 23 Years, and a Boater Have listed and sold multiple properties in Cape Harbour MILOFF AUBUCHON REALTY GROUP, INC. Broker Associate and Certified New Home Sales Professional (CSP) with the NAHB
4707 SE 9th Place, Cape Coral, FL 33904 Mobile: 239.314.8016 | jmilaski@miloffaubuchonrealty.com
John J. Milaski
Leonardo and Angelica Washington
Sold Price +25.1% over YTD 2021
Price Per Sq. Ft. +32.7% over YTD 2021
LOW AVERAGE
LOW AVERAGE HIGH
REVIEW
|
CAPE
HARBOUR
GULF ACCESS HOMES
$505,000 $656,727 $824,900
HIGH
Your Cape Harbour Real Estate Specialist & Neighbor for over 24 Years
$363 $430
Sold Price +63.5% over YTD 2021
Price Per Sq. Ft.
$475
+35.8% over YTD 2021
LOW
$1,450,000
AVERAGE
$2,351,818 $3,150,000
HIGH
LOW
$383
AVERAGE HIGH
$595 $714
Leonardo and Angelica, Plenty of potential buyers are still patiently waiting to enter the market. Talking with your neighborhood expert to develop a plan to stay ahead of the curve will result in the best sale possible. Call me today at 239.314.8016 to get the conversation started.
29
20
98.3%
11
35
94.8%
TOTAL CONDOS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SP/LP RATIO
TOTAL HOMES SOLD
AVERAGE DAYS ON MARKET
AVERAGE SP/LP RATIO
Data based on listings from SWFLAMLS from January 1st to December 20th, 2021 and 2022. Information deemed accurate but not guaranteed. THIS MARKET REPORT IS NOT INTENDED TO SOLICIT PROPERTIES ALREADY LISTED FOR SALE NOR INTENDED TO CAISE A BREACH OF AN EXISTING AGENCY RELATIONSHIP.