Posted by Mark Washburn on Monday, May 5, 2014 at 5:16:47 PM By Mark Washburn / May 5, 2014 Comment
Named one of America’s Best Mid-Sized Cities for home buyers, Cape Coral residents live big without living in the biggest city. If the large sprawling metropolitan city isn’t your lifestyle or a small town, then consider buying a home in Cape Coral. Cape Coral’s charm rests in its affordability for house hunters. There is a lot of supply here because unemployment is on the high side and days on the market are high (62 days). Crime is low and school rank is high which translates to home values staying high. That in-between city----neither big nor small---share common factors when making a decision about your location for a future home. The Movoto Real Estate Blog compiled a list of the Best Mid-Sized Cities where the market conditions are best for home buyers. Cape Coral at #2 is preceded by #1 Clarksville, Tenn. Rounding out the Top 5 are Port St. Lucie at #3, Fayetteville, North Carolina at #4 and McAllen, Texas at #5. The criteria used by The Movoto Real Estate Blog to compile their 100 Best Mid-Sized Cities throughout the U.S. with populations ranging from 126,000-211,000 reflect real estate supply and demand and quality of life issues that affect property values. Criteria included: total homes for sale per capita, median days on market, median income to median home price ratio (affordability), crime rate, school quality and higher unemployment rate. Here is a resource to start your search for a new home in Cape Coral.
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