Friday, April 28, 2006

 

US Housing Market Heats Up

The US Dept of Commerce released its monthly nationwide market report this week.

What it found was extremely fascinating and furthermore supporting the fact that real estate is in demand.

In fact, to quote the report directly "US Home Sales Were Highest In March 2006". This is a great indicator that homebuyers have shaken off their winter blues, and with the great March weather, gotten out and started house hunting.

Florida real estate owners and investors alike are seeing this throughout the state. Throughout Cape Coral, there is a buzz in the air once again much like we felt last year which led to a very nice increase in real estate values across the city.

It was once said that you don't wait to buy real estate, you buy real estate and wait. Nothing can be more true than that with Cape Coral real estate.

A week ago we said we'd update you on development projects taking place throughout Cape Coral, but have yet to publish anything. We don't mean to mislead you, but are doing fact finding to verify everything that has been published is what it says it is.

Once we know, you'll know. But bottom line the gist is that Cape Coral real estate offers a superb place to reside full time, or even purchase a new property for vacation rental.

Wednesday, April 26, 2006

 

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Friday, April 21, 2006

 

$211 Million Cape Coral Real Estate Plan OK'd

By Pete Skibapskiba@news-press.com

A $211 million project planned for Cape Coral's emerging downtown of the future got a boost Tuesday night.

Members of the Cape Coral Community Redevelopment Agency voted 6-0 to accept a proposal from developer Robbie Lee for a 3.9-acre multi-building community development.

The Village Square concept looked "awesome," said board member Gary Aubuchon.

The plans call for 156 condominiums and 330,000 square feet of retail stores, offices and restaurants in buildings ranging from four to 16 stories high. The height limits in that area of the redevelopment area are set at 12 stories.

Because the development is at the concept stage, negotiations between officials and the developer about heights and other possible issues such as parking will continue.

The developer, engineers architects and redevelopment agency staff now plan to get together and design a workable plan for agency and ultimately Cape Coral City Council approval.
A major hurdle has already been overcome, a redevelopment official said.

The land necessary for the project along Cape Coral Parkway between Southeast Eighth Court to the west and Southeast Ninth Place to the east, including the Paradise Car Spa Inc., has been purchased or is scheduled for settlement in June.

"Remember this is only a concept," said Suzanne Kuehn, redevelopment agency executive director.

The concept calls for 230,000 square feet of the project to house offices. In a city strapped for office space, that is considered a big contribution.

Many of the planned projects in the 432-acre redevelopment area, which stretches along Cape Coral Parkway from Tudor Drive in the west to Cape Coral Bridge to the east, have more residential condominiums in their mix of offices and retail.

Wednesday, April 19, 2006

 

What US Housing Market Means for Florida Real Estate

Figures were just released this week from US Dept of Commerce.

Here’s what we find:

1) New US Housing Starts sit @ 1,960,000. That is down 7.8% from Feb. but up 6.9% from March 2005

2) US Housing Permits sit @ 2,059,000 That is down 5.5% from Feb. but up 1.9% from March 2005

This is great news!!

For one, we still are seeing strong surges in record home starts and sales for the past six years. Despite what the doomsday media is putting out on possible bubbles, the US Housing market continues to rise steadily.

Here is also something of interest - sales in the West have fallen 15% over the first three months of this year versus the same time last year.

So if you’re in California does it mean that it’s time to be alarmed?

We think not.

First off, weather plays a HUGE factor in buying decisions. The fact is, it rained for 31 days straight in many parts of the North West during the first thirty-one days of 2006. And for the past three months the rain has kept coming down from Southern California, all the way up to Seattle. It’s been miserable.

Cape Coral Florida real estate continues to surge ahead strong. In fact, many development projects (residential and mixed use) are breaking ground, and the population continues to rise.

If you haven’t yet, then now is the time to buy some of that good ‘ol Florida real estate down in Cape Coral!

Tuesday, April 18, 2006

 

New Development News for Cape Coral Real Estate

Wow!

Many new projects are underway in Cape Coral to beautify the city and help push up the values of this sweet piece of Florida real estate.

For example, there projects underway to beautify Cape Coral in the form of heavily landscaped medians on Skyline Blvd, Nicholas Pkwy, Santa Barbara Blvd.

There is also one huge project in the planning phase, it involves widening bothPine Island Rd and Burnt Store Rd because of a 200-acre, 1.2million-square-foot mall to be built on Pine Island Rd, about 3/4 mile westof Chiquita Blvd.

Many great things afoot for Cape Coral real estate...stay tuned as I'll be back with more info in-depth in the days ahead!

Monday, April 17, 2006

 

Cape Coral & Florida Real Estate Continues 2 Rise

I read a very interesting article today.

It found that according to the National Association of Home Builders, there were more building permits issued for single-family and multi-family homes in Florida last year than in any other state. Additionally, “Five of the 10 metropolitan areas with the strongest one-year price appreciation last year were in Florida,” the Office of Federal Housing Enterprise Oversight reports.

"You could consider Florida to be ground zero for the housing market," says Mark Zandi, chief economist at Moody's Economy.com, an economic consulting firm in West Chester, Pa. And that means great things are still in store for Florida real estate.Note that Florida still remains one of the fastest growing in the nation.

It's growing, on average, by 1,000 people a day. We expect that to increase as more boomer’s come online and look to move to a sunny area and take in the pleasures of the warm waters of the Gulf.

Florida's economy is relatively strong and it continues to create new jobs. And while many real estate in large Florida cities is seeing a curb in home sales, smaller group of Florida markets like Cape Coral is holding steady as population and affluence moving into these areas grows. Sales in Jacksonville were essentially unchanged in February year over year (a record high even still for its time), and they were up in Tallahassee.

Time and fact continue to point the way that Florida real estate is the place to be.

Saturday, April 15, 2006

 

$211 Million Development For Cape Coral Florida real estate

Another new project, this one valued at $211 million, appears headed for Cape Coral's downtown, promising stores, restaurants, offices and condominiums.

This project adds to an already growing list of shopping, office, entertainment and residential venues that exceeds $1 billion for the downtown area during the next several years.

Cape Coral resident and developer Robbie Lee submitted plans to the redevelopment agency for a 3.9-acre multibuilding community he would like to build along Cape Coral Parkway between Southeast Eighth Court to the west and Southeast Ninth Place to the east.

The agency board plans to review his proposal at its regular meeting at 5:30 p.m. April 18 at City Hall.

But acquiring the land for this project may be a problem.

The plans for Village Square call for replacing the car wash, bank and a massage business in the area with 156 condominiums, 330,000 square feet of retail stores, offices and restaurants in four to 16-story buildings.

Two residential towers in the village would have parking garages with room for 1,056 vehicles.
The Bradford and Company Design Group artist's renderings for the project take it beyond attractive into enticing. Covering an entire city block, the renderings show landscaping entrances at all four corners, two fountains and the buildings in a Mediterranean-style, a favored look in the Cape.

The developer remained confident he could acquire the land.

Lee's companies, Island Development LLC and Downtown Village Square LLC own substantial portions of the site, Lee said.

A confidentiality agreement prevented Lee from discussing his purchase of other land on the block, including the Fifth Third Bank and Paradise Car Spa Inc. properties, he said.

In the proposal for the development, Lee's company said it might buy the bank for $2.5 million. It listed the car wash under option to buy for about $3 million.

The proposal states that Lee's company could be in possession of all property except the city-owned land and the bank by June.

All land acquisition for the project, including a corner area and the city-owned public-parking lot, could push the total to more than $8 million, the proposal states.
Phone calls to Paradise Car Spa resulted in several "no-comments" from a representative who would not give his name. The property has a corporate ownership with a listing of Cheryl Rodgers as a contact. She could not be reached at the car wash.

Brian Hornberger, manager at the bank, said that two weeks ago he asked his regional manager about a possible sale and was told there was no sale at this point.

That's all good, said Sal Lanzeri, owner of Sal's Pizza on Cape Coral Parkway also in the redevelopment area. But he wants to know who owns what before he believes the project will go through.

"I don't believe they have bought the land and without the land he can't do the project," said Lanzeri, the owner of Sal's Pizza on Cape Coral Boulevard. "Of course I'd be happy if the project is built. It'll mean my place will be worth more and it'll be good for business."

Down the street at Origins Coffee Roastery one of the owners, Lorraine Whitney, said she would welcome the project as an addition to the neighborhood.

"The competition won't hurt us, our clientele is loyal," Whitney said. "It would bring more people downtown, and they'd probably come over to us, too."

The Village Square project could also lead to the redevelopment of her block more quickly, Whitney said. Origins Coffee Roastery remains a cozy place to gather, but a redeveloped block could be more of an attraction, she believes.

By Pete Skibapskiba@news-press.com Originally posted on April 15, 2006

Monday, April 10, 2006

 

Oprah's take on Cape Coral Florida real estate!?!

We're so excited about this our hands are shaking ...

You may not know that although we’re pretty good at"espousing" the benefits of Florida real estate, we’rereally pathetic at convincing people (the masses) that they should get involved.

We were close to giving up on this game a while ago because we constantly have to stay on top of things (day to day) and it's really, really, frustrating dealing with emails from the naysayer’s who thinkthat becoming a millionaire with Florida real estate, even in a place like Cape Coral, is a pipe dream.

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Friday, April 07, 2006

 

Cape Coral real estate is "shining"

Welcome to Cape Coral Florida – the epicenter of Florida real estate. Coined “The Venice of the West”, Cape Coral is part of Lee County.

As a city Cape Coral spans 115 square miles and encompasses 400 miles of fresh and saltwater canals with access to the Gulf of Mexico making Cape Coral Florida real estate a boater’s paradise! Ranked #1 on the Milken Institute’s “Best Performing Cities” for 2004, Cape Coral is the 5th fastest growing city in the US according to the Census Bureau. Since values climbed 27.2% in 2003, Cape Coral real estate has appreciated on average by 32% per year the past three years in a row.

Do you want to make money in real estate? Want to own property in hot market for the long term? Then there’s no better Florida real estate opportunity available.

With average year round weather in the seventies, seven golf courses, half a dozen new schools being built, and a new University campus to support its 130,000 permanent residents (and growing at a clip of 8% per year), Cape Coral Florida real estate is booming! Sixty-two percent of the Cape Coral workforce alone boasts white collar professionals. Located only minutes away from some of the world’s best beaches in nearby Sanibel island, Cape Coral still offers affordable living. Florida real estate is fast becoming a treasured jewel in the great land grab of the 21st Century.

And no city has felt that more than in Cape Coral.

Wednesday, April 05, 2006

 

Florida Real Estate in The Sunshine State

Wow, what a beautiful day!

It's a warm and sunny 70 degrees F....birds are singing in Cape Coral, the oranges are growing across Florida, and interest rates are still at an all time low.

Do you own Florida real estate?

More specifically, do you own Cape Coral Florida real estate?

What we're talking about here is a phenomenal growth area. Cape Coral Florida real estate represents an optimum investing for anyone....so whether you're looking to retire in the sunshine state, consider buying cape coral real estate.

Cape coral lots and cape coral homes offer great appreciation and investment opportunities. Be sure to check them out as they offer both short and long term returns.

http://www.cape-coral-florida-new-homes.com or visit http://www.cape-coral-florida-land-for-sale.com

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