Posted by Mark Washburn on Saturday, September 17, 2011 at 8:11:45 AM By Mark Washburn / September 17, 2011 Comment
Average annual temperatures in the mid 80s, hundreds of miles of canals and rock-bottom real estate prices have propelled Cape Coral to the top of CNN Money's top retirement destinations. The real estate downturn significantly impacted Cape Coral and now median home prices are under $100,000. Today's prices are more than 60% below peak 2006 pre-bubble home prices. Cape Coral is home to over 150,000 residents who enjoy the casual laid-back life-style in this Southwest Florida Gulf Coast community. Boaters are attracted to Cape Coral's 400 miles of man-made canals, many of which provide access to the Gulf of Mexico. Cape Coral has easy access to the RSW International Airport, located across the Caloosahatchee River in Fort Myers. Both second-home owners and investors are drawn to the value-priced real estate currently available in Cape Coral. The large majority of our housing stock is not in gated communities and free from monthly HOA fees. Many buyers are finding great deals on Cape Coral foreclosure and Cape Coral short sale homes that are currently available in the market. Here is a resource to learn more about the Cape Coral real estate market and expedite your search for the perfect home in Cape Coral.
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