Wow…….. In the month of February 2009, 78% of the home sales in Lee County were distressed properties. Of the 827 total homes that sold in the Fort Myers area 542 (65%) were foreclosed homes, 107 (13%) were short sales and 181 (22%) were non-distressed transactions.
With the ongoing capitulation from many of our nation’s largest holders of equities, it just might be the right time to convert some holdings into hard assets like Florida waterfront property. The hottest waterfront sector in our market is Cape Coral gulf access foreclosures. Prices for REO waterfront property in Cape Coral have been heavily discounted by banks that don’t want to be in the property management business.
We are standing by ready to assist with your search for Cape Coral foreclosed gulf access properties.