Cape Coral, FL - Local Housing Data - Summary

Change location:

Region

State

City

Cape Coral, Fort Myers, FL

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Cape Coral, FL Local News

New Home Sales and Prices Both Rise in Cape Coral According to Freshest Data

Posted on: Apr 06, 2014 07:06:32 AM

In January, there was an increase in closings of new homes in the Cape Coral, FL market year-over-year, and the market seemed to be signaling bolstering with a percentage hike stronger than December 2013. New home closings saw a climb of 31.5% from the year earlier to 146. This came on the heels of a 16.3% rise year-over-year in December.

A total of 2,033 new homes were sold during the 12 months that ended in January, up from 1,998 for the year that ended in December.

New home closings represented 7.9% of overall housing closings. This is better than the 5.4% of closings a year earlier. Following a year-over-year decline in December, closings of new and existing homes also dropped year-over-year in January.

Pricing and Mortgage Trends

The average price of new homes grew year-over-year in January to $341,621 per unit, a rise of 29.6%. This surge is better than the 17.5% boost in December year-over-year.

Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In January 2014, the average mortgage size was $250,793, a 29.5% surge from a year earlier. In December 2013, average mortgage size on newly sold homes saw a 12.5% gain year-over-year from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.