2315 Sagramore Place Cape Coral, FL 33914
John J. Milaski LLC Broker Associate
Mobile: 239.314.8016 jmilaski@miloffaubuchonrealty.com capeharbourhomes.com
THE MARKET IS
Cape Harbour
Through the last few years, the real estate market has been highly unpredictable. 2020 saw the market flatline briefly before a slow build-up. 2021 was the first
RETURNING year of explosive growth, which led into a volatile start to 2022. By the middle of the year, interest rates catapulted, and the market slowed greatly. However, TO NORMAL experts are predicting good signs for the market ahead! THE FUTURE LOOKS PROMISING FOR MORTGAGE RATES January recorded a four-month low, with the average 30-year fixed rate dropping to 6.15%. Rates are almost a full percentage point lower than the peak last October.
RATES ARE PREDICTED TO FALL IN THE FIRST QUARTER Experts are predicting further mortgage rate decreases, with another potential 0.5% drop by the end of March. This is great news for both sellers and buyers!
HOUSE FLIPPING IS DWINDLING
PRESENTED BY
PREPARED ESPECIALLY FOR
John J. Milaski
Leonardo and Angelica Washington
Empowering your next bold move.™ Assistance with BUYING, SELLING and BUILDING
As the cost-to-benefit ratio dries up, house flipping is becoming less common. With the loss in profitability, more buyers have a better chance at their dream home.
YEAR-TO-DATE
REAL
ESTATE
CONDOS Sold Price +1.9% over YTD 2022
LOW AVERAGE
Your Cape Harbour Real Estate Specialist & Neighbor for over 24 Years
REVIEW
There’s plenty of opportunity to make a great profit in selling your home. If you’ve thought about selling this year, give me a call at 239.314.8016 and let me provide you with a thorough comparative analysis to get the best response from the market.
HARBOUR
SOLD PRICE
$645,000
$2,100,000
$690,000
Committed to be your Ambassador, Strategist and Negotiator
Price Per Sq. Ft. -0.2% from YTD 2022
LOW AVERAGE HIGH
PRICE PER SQ. FT.
$375 $411
$924
$447
+72.7% over YTD 2022
JOHN J MILASKI LLC
LEONARDO AND ANGELICA,
CAPE
GULF ACCESS HOMES
$600,000
HIGH
|
-10.6% from YTD 2022
SUPPLY IS STILL HISTORICALLY LOW Demand is still outpacing supply, which indicates a healthy market. Buyers are still buying homes, albeit a slightly slower pace.
MARCH 2023 REAL ESTATE MARKET REPORT
BSEE, MBA, GRI, PSA, MRP, CSP, ACCRS, CNE Cape Harbour Resident for over 24 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
2
95
96.6%
1
0
105.0%
TOTAL CONDOS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SP/LP RATIO
HOME SOLD
DAYS ON MARKET
SP/LP RATIO
Data based on listings from SWFLAMLS from January 1st to February 20th, 2022 and 2023. 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.