Statistics as of 8/26/08 numbers from the MLS:

Single Family Short Sales Cape Coral, FL

Total Active - 2,085

Total Pending - 664

Total Closed in last 30 days - 49

If we continue to close only 49 short sales per month and no new listings come on the market it would take 42.5 months to sell the active short sale inventory in Cape Coral.

What will happen to all these pending sales? What percentage will actually close?

Single Family Foreclosures, Bank Owned and Traditional Sellers Cape Coral, FL

Total Active - 2,272

Total Pending - 597

Total Closed in last 30 days - 251

At the rate of 251 closings per month it would take over 9 months to completely sell the active inventory of unsold homes if no new listings were to come onto the market.

We have in Cape Coral two separate markets running parallel to each other, the short sale market and the traditional/foreclosure bank owned market. Although 9 months of supply is by no means a good figure, it would be definately preferable to a market with over 42 months of supply.

Segments of the Cape Coral market are actually doing much better than the numbers above might imply. FOR EXAMPLE:

$120,000 or less Single Family Foreclosures, Bank Owned and Traditional Sellers Cape Coral, FL

Total Active - 450

Total Pending - 287

Total Closed in last 30 days - 100

4.5 months of supply

$300,000 or less Waterfront Single Family Foreclosures, Bank Owned and Traditional Sellers Cape Coral, FL

Total Active - 213

Total Pending - 64

Total Closed in last 30 days - 39

5.46 months supply

To view foreclosure and bank owned properties in Cape Coral that are good deals for primary residence, 2nd/vacation home, or investment you can search the preferred listings at my web site by clicking here

Martin Untch

Seawinds Realty, Inc.

Foreclosure Buyer Specialist

239-989-8681

martin@swfldeals.com

www.swfldeals.com