2315 Sagramore Place Cape Coral, FL 33914
John J. Milaski LLC Broker Associate
Mobile: 239.314.8016 jmilaski@miloffaubuchonrealty.com capeharbourhomes.com
THE IMPACT OF
RISING MORTGAGE RATES
Cape Harbour
Empowering your next
JULY 2022 REAL ESTATE MARKET REPORT
bold move.™ Assistance with BUYING, SELLING and BUILDING
PRESENTED BY
John J. Milaski Your Cape Harbour Real Estate Specialist & Neighbor for over 23 Years
YEAR-TO-DATE
Sold Price
from Freddie Mac inched up over 6%, and rates are forecast to continue to increase in the year ahead. While that news may have you questioning the timing of selling your home, the market is still
+35.5% over YTD 2021
favoring sellers. A balanced market is 4-6 months of inventory. As of June, inventory in zip code 33914 is at 2 months and rising. Rising interest rates may greatly reduce the number of qualified buyers, affecting what your home sells for. However, serious
Committed to be your Ambassador, Strategist and Negotiator
buyers are approaching the rising rates as a motivating factor to buy sooner before rates increase even more.
WH A T D O E S T HIS MEAN F O R YO U? Sellers should act fast. Listing your home now provides an excellent stage to highlight your home before the market potentially levels off or declines, especially as new listing competition continues to rise. Let’s leverage my proven community knowledge and marketing experience to list and make your home stand out from the crowd!
JOHN J MILASKI LLC
BSEE, MBA, GRI, PSA, MRP, CSP, ACCRS, CNE Cape Harbour Resident for over 23 Years, and a Boater Have listed and sold multiple properties in Cape Harbour MILOFF AUBUCHON REALTY GROUP, INC. Broker Associate and Certified New Home Sales Professional (CSP) with the NAHB
4707 SE 9th Place, Cape Coral, FL 33904 Mobile: 239.314.8016 | jmilaski@miloffaubuchonrealty.com
ESTATE
CONDOS
R A TE S AR E ON THE R IS E In the last few weeks, the average 30-year fixed mortgage rate
REAL
Price Per Sq. Ft. +44.7% over YTD 2021
LOW AVERAGE
LOW AVERAGE HIGH
|
CAPE
HARBOUR
GULF ACCESS HOMES
$505,000 $647,379 $800,000
HIGH
REVIEW
$363 $424 $471
Sold Price +98.2% over YTD 2021
Price Per Sq. Ft. +49.0% over YTD 2021
LOW
$1,450,000
AVERAGE
$2,377,000 $3,150,000
HIGH
LOW
$383
AVERAGE HIGH
$584 $714
19
7
99.5%
10
36
95.3%
TOTAL CONDOS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SP/LP RATIO
TOTAL HOMES SOLD
AVERAGE DAYS ON MARKET
AVERAGE SP/LP RATIO
Data based on listings from SWFLAMLS from January 1st to June 20th, 2021 and 2022. Information deemed accurate but not guaranteed. THIS MARKET REPORT IS NOT INTENDED TO SOLICIT PROPERTIES ALREADY LISTED FOR SALE NOR INTENDED TO CAISE A BREACH OF AN EXISTING AGENCY RELATIONSHIP.