Cypress Lake Real Estate Market Conditions & Reports, Cypress Lake Market Trends, Florida

Market Commentary Provided by Kellie Brown
If you can qualify, now is an exceptional time to buy a home in Cypress Lake. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 239-738-3696

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Kellie Brown
John R. Wood Realtors
Bonita Springs, Florida
239-738-3696
kbrown@johnrwood.com
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Nearest Metro Area

Cape Coral

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

There are approximately 500 properties currently listed for sale in the Cypress Lake area ranging in price from $25,000 to $1.7 millon. This includes condominiums, attached villas, and single family homes.

Average Home Price

$150,000 - View Graph Trend

Best Selling Price Range

$100,000 - $149,000

Worst Selling Price Range

$300,000 - $349,000

Compared to Last Year

Down more than 30%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Multiple Offers Commentary

The number of bank owned properties on the market are decreasing, so people are turning to short sales looking for distressed property bargains. However, there are many 'non-distressed' properties selling at market value, which is an excellent buy

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Cypress Lake is

Increasing

Seller Activity for the past 90 days in Cypress Lake is

No Change

Is Financing Available For Qualified Buyers in Cypress Lake?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

10-15%

Housing Hot Spots

Reason to Buy/Sell

Lower prices and good selection and competitive interest rates creates a perfect time to buy in Cypress Lake!

Average Sold Price

$150,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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