RETURNING TO NORMAL
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 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, 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
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.
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.
LEONARDO AND ANGELICA,
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.
Cape Harbour
MARCH 2023 REAL ESTATE MARKET REPORT
PREPARED ESPECIALLY FOR Leonardo and Angelica Washington
PRESENTED BY John J. Milaski
Your Cape Harbour Real Estate Specialist & Neighbor for over 24 Years
YEAR-TO-DATE REAL ESTATE REVIEW | CAPE HARBOUR
GULF ACCESS HOMES
105.0% SP/LP RATIO HOME SOLD DAYS ON MARKET 1 0 $2,100,000 $924 -10.6% from YTD 2022 +72.7% over YTD 2022 96.6% AVERAGE SP/LP RATIO TOTAL CONDOS SOLD AVERAGE DAYS ON MARKET 2 95 Sold Price Price Per Sq. Ft. $600,000 $375 $645,000 $411 $690,000 $447 LOW LOW AVERAGE AVERAGE HIGH HIGH +1.9% over YTD 2022 -0.2% from YTD 2022 CONDOS SOLD PRICE PRICE PER SQ. FT. Broker Associate Mobile: 239.314.8016 jmilaski@miloffaubuchonrealty.com capeharbourhomes.com John J. Milaski LLC 2315 Sagramore Place Cape Coral, FL 33914
mpowering your next bold move.™ Assistance with BUYING, SELLING and BUILDING 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 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
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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.
Cape Harbour
MARCH 2023
REAL ESTATE MARKET REPORT SCAN HERE!
Leonardo and Angelica,
Don’t wait to get your home on the market. Let my experience work for you. Reach out to me today at 239.314.8016 for a FREE no-obligation market analysis for your property.
John Milaski and Miloff Aubuchon are not in any way affiliated with Cape Harbour Home Owners Association, nor is this in any way an official advertisement or publication of Cape Harbour. © 2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the SWFLAMLS as of February 27th, 2023. All listings and sales presented anywhere in this report may not be those of Miloff Aubuchon. The SWFLAMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 © 2023 ADDRESS BEDS BATHS EST. SQ. FT. YEAR BUILT SOLD PRICE PRICE PER SQ. FT. SOLD DATE DOM 5704 Cape Harbour Drive #207 2 2.0 1,600 2004 $600,000 $375 02/21/23 153 5706 Cape Harbour Drive #110 2 2.0 1,702 2004 $745,000 $438 10/24/22 88 5706 Cape Harbour Drive #210 2 2.0 1,600 2004 $639,000 $399 03/01/22 1 5702 Cape Harbour Drive #302 2 2.0 1,600 2004 $635,000 $397 02/22/22 2 5706 Cape Harbour Drive #410 2 2.0 1,600 2004 $589,000 $368 11/05/21 33 5702 Cape Harbour Drive #203 2 2.0 1,600 2004 $560,000 $350 08/31/21 35 5706 Cape Harbour Drive #310 2 2.0 1,600 2004 $615,000 $384 08/04/21 7 5706 Cape Harbour Drive #311 2 2.0 1,600 2004 $590,000 $369 07/13/21 5 LUXURY CONDOS RECENTLY SOLD | AS OF 02/27/2023 DATA BELOW SHOWING ALL SINGLE FAMILY HOMES SOLD BETWEEN 02/01/2022 & 02/27/2023 MONTHLY HISTORY OF AVERAGE PRICE PER SQUARE FOOT BETWEEN 02/01/2022 & 02/27/2023 GULF ACCESS HOMES RECENTLY SOLD | AS OF 02/27/2023 MONTHLY HISTORY OF AVERAGE PRICE PER SQUARE FOOT BETWEEN 02/01/2022 & 02/27/2023 CONDOS MONTHLY HISTORY OF AVERAGE PRICE PER SQUARE FOOT BETWEEN 02/01/2022 & 02/27/2023
HOMES $397 $399 0 0 0 0 0 0 $438 0 0 0 $375 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB $411 $426 $428 $442 $461 $475 $411 $439 0 0 $432 0 $447 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB 0 $593 $708 $503 0 0 0 0 0 $705 0 $924 0 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB 0 3 2 1 0 0 0 0 0 1 0 1 0 0 $2,600,000 $2,580,000 $1,450,000 0 0 0 0 0 $2,100,000 0 $2,100,000 0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MEDIAN SOLD PRICE | HOMES SOLD MARINA VIEW CONDOS GULF ACCESS SINGLE FAMILY HOMES MARINA SOUTH I & II CONDOS ADDRESS BEDS BATHS EST. SQ. FT. YEAR BUILT SOLD PRICE PRICE PER SQ. FT. SOLD DATE DOM 5793 Cape Harbour Drive #911 3 2.0 1,544 2007 $690,000 $447 02/24/23 37 5781 Cape Harbour Drive #1303 2 2.0 1,276 2006 $530,000 $415 12/19/22 89 5793 Cape Harbour Drive #819 3 2.0 1,737 2007 $780,000 $449 12/14/22 0 5793 Cape Harbour Drive #711 3 2.0 1,544 2007 $670,000 $434 09/23/22 54 5781 Cape Harbour Drive #1308 2 2.0 1,276 2006 $585,000 $458 09/22/22 57 5793 Cape Harbour Drive #811 3 2.0 1,544 2007 $655,000 $424 09/02/22 90 5781 Cape Harbour Drive #1003 2 2.0 1,276 2006 $525,000 $411 08/10/22 11 ADDRESS BEDS BATHS EST. SQ. FT. YEAR BUILT SOLD PRICE PRICE PER SQ. FT. SOLD DATE DOM 2108 El Dorado W Parkway 3 2.0 2,273 2000 $2,100,000 $924 01/13/23 0 1819 Harbour Circle 3 4.1 2,979 2002 $2,100,000 $705 11/14/22 28 2200 El Dorado W Pky 3 2.1 2,883 1998 $1,450,000 $503 05/25/22 9 2030 El Dorado W Pky 3 3.0 3,315 2015 $2,325,000 $701 04/19/22 52 5711 Yardarm Court 5 4.0 3,970 2003 $2,835,000 $714 04/04/22 5 2304 El Dorado W Pky 3 4.0 3,680 2015 $2,600,000 $707 03/21/22 3 2138 El Dorado W Pky 3 4.1 2,985 2011 $2,015,000 $675 03/09/22 26 5502 Harbour Preserve Circle 6 7.2 7,925 2008 $3,150,000 $397 03/01/22 229
GULF ACCESS SINGLE-FAMILY
JOHN J. MILASKI | 239.314.8016 | JMILASKI@MILOFFAUBUCHONREALTY.COM | VISIT: CAPEHARBOURHOMES.COM
GLOBAL LUXURY AGENT
