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Real Estate Briefs

July 25, 2014
Cape Coral Daily Breeze

Celebration Cape

50 percent sold out

D.R. Horton's Southwest Florida Division has announced strong sales activity in Celebration Cape and the community is now 50 percent sold out. As one of few gated communities in the heart of Cape Coral, living in Celebration Cape is convenient and affordable with prices starting in the low-$200,000s. Additionally, several new homes are scheduled to be available between September and November.

Celebration Cape is centrally located off Southeast 8th Street in Cape Coral, just east of Santa Barbara Boulevard, between Nicholas Parkway and Hancock Bridge Parkway.

Seven floor plans are offered in this neighborhood of just 44 single-family homes, ranging from approximately 1,804 to 3,374 square feet of living space. A home for every lifestyle is available at Celebration Cape, starting with the Pembroke, which offers three bedrooms, two baths, and a two-car garage and starts at just $204,990. The most spacious of all the plans is the Winchester, offering three bedrooms, four baths, and a three-car garage, while the Lancaster offers an additional bedroom.

There is still time to reserve a site for your new home or take advantage of several quick move-in opportunities. For more information call 239-634-3689, email, or visit

Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 79 markets in 27 states in the East, Midwest, Southeast, South Central, Southwest, and West regions of the United States. For more information, visit 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.

Home sales continue

to climb in Lee County

In Lee County, 1,213 single-family homes sales were completed in June 2014 compared to 1,052 in June 2013, an increase of 15.3 percent, according to the Realtor Association of Greater Fort Myers and the Beach. Compared to last month, this is a decline of 6.2 percent. Condo sales experienced a year-over-year sales increase of 11.2 percent; however, month-to-month condo sales decreased 26 percent.

Traditional single-family home sales increased 17.2 percent when compared to June 2013. Sales of foreclosures increased 58.9 percent and short sales decreased 53.5 percent.

"For the past four months our active inventory has shown a positive trend", said Association President Karen Swanbeck. "While new pending sales were up 8.2 percent in June, the median days on market is under 2 months for properties priced below $300,000; thus, buyers continue to be hit with competition as there is high demand for available properties".

The association notes that Lee County's housing market also showed positive movement in median price in June. The median price for single-family homes again hit $200,000, an increase of $15,000 or 8.1 percent compared to June 2013 and an increase of 2.6 percent or $5,000 from last month.

Compared to June 2013, traditional properties experienced a median price increase 13.9 percent while the median price of short sales decreased 3.8 percent and foreclosure properties decreased 0.5 percent.

In June, short sales and foreclosures made up 20.1 percent of single family home sales, while traditional sales made up 79.9 percent. Last year in June, those percentages were 21.4 percent and 78.6 percent, respectively.

Single-family homes of all types spent a median 53 days on market before coming under contract in June 2014, and the average home sold for 92.8 percent of its listing price. In June 2013 those numbers were 57 days and 93.8 percent, respectively.

Pending sales of single-family homes those under contract and awaiting closing are currently at 1,249. The number of pending sales in June 2014 is 8.2 percent higher than it was in June 2013 (1,154) but 13.3 percent lower than in May 2014 (1,441). The number of existing single family homes available for purchase in June 2014 is 5.5 percent above that of June 2013 and sits at 5,229. Inventory decreased by 311 properties from last month.

Current inventory combined with the current pace of sales created a 5.2-month supply of single family homes in Lee County for June, the association reported. There was a 5.1-month supply in June 2013 and a 5.6-month supply in May 2014.

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. Statistics released each month may be revised in the future as new data is released.



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