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Real Estate Briefs

December 27, 2013
Cape Coral Daily Breeze

Celebration Cape is now open for sales

D.R. Horton's Southwest Florida Division has announced that Celebration Cape is open for sales. Homebuyers now have the chance to purchase in this brand new community, which features seven luxurious open floor plans ranging from 1,983 to 3,297 square feet. The single-family homes in this gated community start in the low $200,000s. A new model is scheduled to open at the end of December.

Celebration Cape is located in southeast Cape Coral, just east of Santa Barbara Boulevard, between Nicholas Parkway and Hancock Bridge Parkway. For more information, call (239) 634-3689, email or visit

Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 78 markets in 27 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States. D.R. Horton is America's largest builder as reported by Builder magazine. For 35 years, D.R. Horton has delivered top-quality new homes to homebuyers across the nation. For more information, visit the company website at Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Square footage dimensions are approximate. D.R. Horton is an Equal Housing Opportunity Builder.

Median price of homes in Lee County jumps 21.4

percent in November

The overall median price of single-family homes in November was $170,000, a 21.4 percent increase compared to the November 2012 median price of $140,000, reports the Realtor Association of Greater Fort Myers and the Beach.

The November median price was 8.3 percent higher than October's median price of $157,000.

In addition to the overall median price increase, each individual property type experienced a year-to-year median price increase in November. Traditional properties led the way with a 23.9 percent increase, while the median price of foreclosures increased 18.2 percent and short sales increased 7.8 percent.

Throughout Lee County, 805 single-family homes sold in November 2013, compared to 860 that sold in November 2012, a 6.4 percent decrease. This is also a 19.5 percent drop from the prior month when 1,000 single-family homes were sold.

Traditional properties made up 71.8 percent of the number of homes sold, while foreclosures represented 18.9 percent and short sale properties, 9.3 percent. Last year in November, those percentages were 67.9 percent, 14.8 percent and 17.3 percent, respectively.

Single-family homes spent an average of 45 days on the market before coming under contract in November 2013, and the average single-family home sold for 93.7 percent of its listing price. Compared to November 2012, there was no change.

Pending single-family sales those under contract and awaiting closing are currently at 1,081 for November 2013. This is 1.4 percent higher than in November 2012 (1,066) and 3.1 percent than the prior month (1,116).

Inventories year-to-year remain flat with 6,081 existing single family homes available for purchase this November and 6,083 in November 2012. Compared to last month's inventory of single-family homes (5,847), this is an increase of 4.0 percent.

Current inventory combined with the current pace of sales created a 6.0-month supply of homes in Lee County in November; there was a 6.1-month supply of homes in November 2012 and a 5.7- month supply last month.

The numbers reported by the REALTOR Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors in Lee County, FL. Statistics released each month may be revised in the future as new data is released.



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