NW Cape Coral Investment Land or Home Site- The Gratia Group Featured Lot of the Week

3238 NW 41st Ave 33993SWFL land expert, Gratia Group’s new Featured Lot of the Week appeals to both those seeking the perfect home site to build your Florida dream home and investors looking to cash in on the lucrative Cape Coral land scene.  The featured lot is located in the popular Northwest section of Cape Coral at 3238 NW 41st Ave, 33993.  This lot is the perfect addition to any investment portfolio and is listed for only $12,000.

Renowned Gulf Coast beaches, verdant golf courses and family attractions like the popular Sun Splash Waterpark make Cape Coral an appealing place to call home.  Located near Fort Myers and within sight of the glimmering Gulf of Mexico, Cape Coral is a vibrant and friendly community with all they beauty that you can expect from SWFL.  With more than 400 miles of canals, boating, fishing and water sports are a significant enhancement to the quality of life.  And don’t forget the golf courses, tennis courts, athletic parks and nature preserves.

To learn more about the Gratia Group Featured lot of the Week of any of our beautiful Florida land listings, contact a member of the Gratia Group team at (239) 333-2221.

SWFL Land and Home Sales See Big Jump

Blog PhotoThe median price of an existing single-family home in Lee and Collier counties increased sharply in October compared to a year earlier along with Cape Coral land prices.  In Lee County, the median rose 17.3 percent from $157,000 to $184,175, according to statistics released by the Realtors Association of Greater Fort Myers and the Beach.

Collier County’s median increased 20.1 percent from $279,000 to $335,000, according to the Naples Area Board of Realtors.

Area real estate experts feel that even with such a robust surge in Florida land sales prices, there isn’t the danger of a bubble similar to the last boom’s over-heated market in 2005.  It would take annualized increases of 20 percent for five years to get us up into the territory where the region was (at the peak of the boom and currently the area isn’t even close to a danger bubble.

The rate of increase in prices is actually slowing but the market will stay strong this winter with omens such as six feet of snow in Buffalo, N.Y.   Experts feel the region is poised to have a very, very good season.  To learn more about the SWFL real estate market contact a member of the Gratia Group team at (239) 333-2221.

Big Living on a Triple Lot in NW Cape coral: The Gratia Group Featured Lot of the Week

2341 NW 39TH AVE CAPE CORAL FL 33993

The Gratia Group Featured Lot of the Week is a win for both investors and those looking for the perfect Florida home site.  A huge, triple lot with over 15,000 square feet this lot can be subdivided by an investor for maximum ROI potential or could be the perfect lot to build your Florida dream home!  Located at 2341 NW 39th Ave. in beautiful Cape Coral, FL 33993 this lot includes highly sought after Gulf Access.  Listed for only $69,800.00, this huge lot is sure to sell fast.

Cape Coral is the largest city in Southwest Florida.  The northwest region of Cape Coral is still an up and coming area and it’s residents enjoy a quieter, more laid back, country lifestyle than residents in the southern sections of town.  This doesn’t mean that the area is just rural lots and acerage for sale!  Many shopping centers, schools, parks and businesses are spread throughout the Northwest section of “The Cape”.

To learn more about this Gratia Group Featured Lot of the Week or any of our beautiful SWFL lots, contact a member of the Gratia Group team at (239) 333-2221.

 

2014 was a Stellar Year for Real Estate Sales to Foreign Investors

Foreign Land Investors

In the year to June, non-resident foreign buyers purchased an estimated US$7.97 billion worth of Florida real estate, according to a report from the National Association of Realtors (NAR) and Florida Realtors.  This compares to just US $6.43 billion in the same period a year earlier.  This represents a rise of US $1.5 billion or nearly a quarter (approximately 23%).

According to the NAR’s Profile of International Home Buyers in Florida 2014 report, about a third (32%) of these purchases were made by Canadian buyers.  A further 24% of total spending came from buyers in the Western Europe, particularly the UK, Germany and France.  Latin American and Caribbean investors were collectively close behind their Western European counterparts when it came to buying home, lots and acreage for sale in Florida, providing a further 23% of all foreign funds.  Many of these investors are resident in Brazil or Venezuela.  Asian buyers made up 10%, with China alone accounting for 6%.  As China represented just 1% of Florida real estate purchases by foreign buyers a few short years ago, it seems the country’s investors are rapidly taking a greater interest in Florida and in US markets in general.  Central Europe, the Middle East and Africa represented fairly small percentages of the total pot, 5%, 4% and 2% respectively.

Overall, these figures suggest that a full 10% of the total residential market in Florida was made up of sales to foreign buyers, up from 9% last year.  Furthermore, it shows the significant popularity of Florida with foreign buyers, as roughly 17% of the US $46.7 billion spent by foreigners on US properties went towards purchases in Florida.  Of all foreigners buying and holding one or more US properties, roughly a quarter are believed to own at least one unit in Florida.

In terms of the number of units purchased by this near US $8 billion pot of spending, it is estimated that international buyers snapped up around 26,500 individual properties in Florida.  This compares to just 22,600 in the same period a year earlier, representing growth of just over 17%.

According to the report: “The increase in international home buying activity was driven by the continued recovery of the world economy and the affordability of US properties.  Both US and Florida residential prices remain affordable to most international homebuyers.”  It was noted that the strong position of many currencies against the US dollar was a factor in the decision to purchase, making US properties more affordable as foreign buyers can get more for their money.

The report also went on to note that “international clients continued to purchase properties, lots and land for sale that are on the average above the mean price paid by domestic buyers.”

Compared to a national average of just 28%, over half of Florida real estate agents (52%) have international buyers among their list of clients.  However, this figure is down from last year’s 63%. Of these, almost one in five (19%) has at least six foreign clients, and 20% say that more than a quarter of their business comes from international buyers.

To work with Florida’s premier land sales firm, Gratia Group, call us today at (239) 333-2221.

Cul-de-sac, Country Lot in NW Cape- Gratia Group Featured Lot of the Week

3511 Delilah Drive Cape Coral FL

 

This week the Gratia Group proudly announces the release of a wonderful investment lot or home site in NW Cape Coral.  The Gratia Group Featured Lot of the Week features country living while still being in close proximity to shopping, schools and community locations like parks and libraries.  The lot for sale is located at 3511 Delilah Drive Cape Coral, FL 33993. Listed for only $27,900, this cul-de-sac lot will surely sell fast!

Cape Coral is a wonderful place to invest or live.  The real estate has seen a recent resurgence making it a great time to buy land.  The median home value in Cape Coral is $172,900. Cape Coral home values have gone up 15.4% over the past year.  The median price of homes currently listed in Cape Coral is $198,500 while the median price of homes that sold is $165,840.

To learn more about this Cape Coral lot for sale or any of our Featured Lots of the Week, contact a member of the Gratia Group team at (239) 333-2221.