Home prices dropped incredibly and people were very hesitant to invest in The Cape.
Cape Coral, Florida (PRWEB) January 31, 2012
There is no denying the fact that Cape Coral was one of the worst hit cities in the nation when the real estate bubble burst. The local economy took a great hit, foreclosures were popping up left and right, and Cape Coral lost some of the prestige it touted in the past few decades. However, like any resilient city, things are starting to turn a corner and Cape Coral property management specialist and Realtor Laura Christiano sees the market on the way to stability.
"We were really hit hard," says Laura Christiano. "Home prices dropped incredibly and people were very hesitant to invest in The Cape." Steadily, the residents and businesses of Cape Coral are making headway. Encouraging new business to come in and assisting current businesses, The Cape is seeing a resurgence of interest in the community. "The price of real estate is helping," says Christiano. "When you can buy a home, a Cape Coral short sale, or setup a business for considerably less than other cities in the nation and you are looking at the long term potential of the place, Cape Coral is definitely an excellent option."
As the end of 2011 came, Cape Coral saw an influx of home buyers seeking to take advantage of the affordable home prices. And although the property prices are low now (bear in mind that the market is in a state of transition), the fact remains that Florida has been and always will be an in-demand state for retirees and water lovers. And as land is something that we can't really make more of, save of course if we reclaim it from the sea, the future looks pretty bright for Cape Coral.
Find out more about Lee County foreclosure properties, Cape Coral foreclosure homes, and the stabilizing real estate market by getting in touch with Laura Christiano and visiting ChristianoRealty.com.