Is this realtor brain dead, or is she just fronting? Or both? Lemme see-sky high insurance premiums, soaring property taxes, the inevitability of another bad storm. Golly, can’t think of why anyone in Cape Coral would want to sell.

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

Let Angie know that it's the high insurance and property taxes. I don't how she missed that in her research.

For a realtor she sure doesn't seem to "know" much. Typical. Also the houses are sitting longer because it's getting harder to find the next bagholder. Hocking the "Buy it now to make a fast profit by selling it next month." is starting to grow thin...

I was going to leave a pithy comment but the people who left one already nailed it.

Sells pretty close to listing price after 20 price cuts.

Find 10 properties you like. Start making offers at 2018 prices one by one until someone starts negotiating with you.

They are on the market so long because prices are too high and Insurance is dam near out of reach to get now. They might as well lower those prices and try to rent or sell them all at all most cost. This is what happens when we let greedy corporations buy up and control the housing market.

What a waste or report didn’t tell the truth why they not selling ✌️

Yup, it's all about insurance and property taxes.

What do you mean “May have to cut your price”? There is no Maybe. Prices will be cut if these homes are to sell. 🤷🏻‍♂️

Homes are on sale all over. Problem realtors don’t admit is that the homes are all overpriced. People paid too much ( again) and now they can’t unload them.

My "research" on Zillow shows more like 5,900 properties for sale as of 5/28.

NOPE! Not the reason. The insurance costs skyrocketed after the last hurricane. Assuming you can even get insurance which is a big if!

Florida is always the epicenter of every housing bust. This time Texas is joining them early and Arizona is also pulling up the driveway.

No investor was in any rush to sell when prices were going up 15 or 20% in a year. The market is turning and it’s going to get ugly.. they’ll have 6,000 home for sale eventually.

"I think........" "Hard to tell.....you know....I mean.....". This gal doesn't know squat yet she is portrayed as an expert.

Next year the cost will be 50% less. 2008 all over again 😊

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

Completely missed the reason. It's kind of obvious, they just don't want to say it. Insurance, or lack of it, and taxes. How many of those homes are under the homesteader exemption until they sell.

Wait til this years hurricane season comes and goes. There won’t be any Insurance Companies left

yeah because there is no storm coverage on alot of them

Buyers will have to be millionaires to buy. That’s the part that’s left out here. Nobody can afford homes in Florida and to call it a buyers market is a joke.

This does not bode well...plus the developers are still building for some reason..this will not end well..

Hurricanes, taxes, flooding, hi insurance, hi prices, too hot outdoors, mosquitoes the size of helicopters, alligators.......Hmmmm is it really that hard to figure this out?

How do you know when a realtor is lying? There lips are moving.

If people are smart and make good life choices they will NOT buy in Florida. it is that simple

People trying to sell more now for some reason. Property taxes and insurance doubling. That could be the reason alone with hurricanes? Thousands of condos that are going to be condemned because of the new safety regulations passed. That could be the reason? Could be Florida is a wonderful state to visit, not live anymore.🤔

Perhaps they are all moving to Naples just rated the best city in the US to live- what a joke! High prices, traffic 24/7 and insurance you cannot get in Florida! No wonder so many people moving!

In 2019 my dream house was $550,000. That same home in Cape Coral is now close to a Million. Everything else is bull s**t

Cape Coral is primed for an epic crash, but its not here yet. People are still buying, people are still renting, people are still working. This is not a buyers market yet. Good luck offering a seller a fair price. They would rather delist the property and either rent it or try again later this year closer to the SWFL home buying season. When the labor market starts falling apart, that's when the power will start to swing from the sellers to the buyers. I don't see a buyable housing market in Cape Coral until 2026 at the soonest.

HOA’s , condo fee increases…insurance…. if you can get it has doubled…plus quite a few elderly deaths in Florida since covid… kind of a no brainer.

Zillow lists 5878 homes for sale, Realtor lists 6985 homes for sale in Cape Coral. Why the big difference?

Let me know when you can get a 3 bedroom for $100.000

Cape coral city motto: "If you cant afford to live here, we really dont want you here anyway."

The underlying cause is the high likelihood of having the house, and probably neighborhood destroyed at least one by storms in the next decade.

This report deserves a Pulitzer Award! It had everything, lows and highs, facts and fiction, un-informed opinions, and irrelevant gibberish. Bravo!!!!

I remember when there weren’t 4,000 homes in Cape Coral. I was part of the first class to attend Caloosa middle school in 1972 and you could not see more than a couple of buildings from the school grounds. Back then you could have a “Something Special” home built which was what the company called their 2 bedroom 2 bath about 1,100 sq ft home built on your lot for $17,777, a dry lot at the time was less than 3,000. I left the area in 1980 and have visited numerous times and was amazed by the growth, when I left I don’t think there was a home north of Pine Island road. My last visit was well over 10 years ago now.

Realtors have no integrity.

insurance premiums and property taxes will match your mortgage payment.

we live very land locked - very far from any coast or water. Home insurance has doubled for the last 2yrs. Over 5k per yr to insure. Insurers are leaving many markets - not accepting new policies. Welcome to the "You will own nothing and be happy world". This is just the beginning of what will be some very long, hard years - potentially ending property ownership as we've known it in the past. Why do you think so many apartments are being built in EVERY market? they want us all in boxes.

I was wondering about Sanibel and Captiva, how much rebuilding is going on there? Can’t imagine paying the property taxes on a house or lot that you can’t use.

There’s no recession to see here folks…keep it moving

My Venice home owner insurance jumped from $2,500 to $4,100 in one year.

Um....that realtor called it a "buyer's market" when - per the report here - homes that sell are sold at near asking to asking. That would make it a seller's market.

Owned 2 homes in Naples, Florida 1990/2014. Saw the writing on the wall and bailed in 2014. Made a ton on the property. Headed to Western North Carolina. Perfect. Good luck living in Southwest Florida.

When sellers stop being greedy, and lower the price, houses will sell. No one should buy a bubble priced house right now.

bring down those prices

Prices will head down despite what this realtor is trying to sell people. People will start lowing the price… and it will go down like an escalator. The inventory climbing will cause prices to drop.

This exact scenario is playing through SW Florida. 1. Many of those homes are older and not up to current Florida hurricane building standards. 2. There are many national builders in the area developing large communities (brand new homes). Those LARGE builders are originating the mortgages or buying down two or three percent lower rates versus what you'll find an existing home mortgage for.. One problem is that many large builders are packaging the mortgages with a two year cap... remember balloon mortgages? People don't seem to care, remember 2007-09?. IF again if we see lower interest rates that inventory of existing homes will go to normal attrition rates. This real estate person being interviewed may be a great seller (I don't know her), but she doesn't know squat about the financial backdrop.

If more than 4,000 homes are for sale in Cape Coral don`t tell they will sale within 50 days. She is dreaming.

They are u dewatering, skyrocketing insurance, property taxes are sky rocketing, interest rates still climbing.. new build cost 20% less tan a year ago.. (if you bought new at $400K. That same house would now be $320K. FOMO bite all of you right in the as$. The market is a mess.

Property taxes, home owners insurance, interest rates, and cost of the home is your answer.

Unless you have a boat and waterfront property there is absolutely no good reason to move to cape coral

Lower the fucking prices!

They forgot to mention all the wells drying up and the water isuue. Traffic is awful, and now one of the major bridges will be under complete construction soon from Fort myers. Plus, the pay wages are similar to Mississippi. I definitely would sell also.

Gee, a lot said that said nothing. Realtors always defend, "it's a good time to buy."

Are the homes “on sale” or “for sale”? The reporter starts with “on sale,” and then switches to “for sale.” There’s a difference.

Insurance premiums, Property tax, HOA assessments, hurricanes ....i always wondered why anyone would buy a home in FL for decades. Why did it take decades for premiums to increase drastically!

The cost of Homeowners and Flood insurance is astronomical

Just go to the comment section for the real reason why.

Every other comment seems to say that property taxes are part of the problem. Property taxes are capped in Florida at 3 % per year and most jurisdictions don't even increase it that much, so the property taxes are clearly not the problem. It's insurance.

Lots of mold, hidden storm damage, electrical nightmares, and now their insurance has tripled due to Ian...perfect storm alright😢

HOA shortage $$, flood insuance and tax's ...that is why people are running!

Where Insurance and Taxes are higher than a house payment it is a recipe for collapse !Thus, where that recipe does exist the homeless are increasing in unforeseen numbers !

Extremely and artificially outrageous home prices, High interest rate, high Insurance cost, high property taxes. Yes I could think of a few reasons why people want to sell.

What is the inventory level compared to what is considered healthy? We may find that the market is actually stabilizing versus collapsing with the additional inventory and consumer choice.

Our Governor was too busy campaigning around the country to care for FL residents. Insurance has been increasing every year. Always some excuse and every time, Tallahasse does nothng

Totally depends on the area. I'm guessing some of these houses in Cape Coral were sent non renewals of property insurance or will have to pay a ridiculous amount to get insured.

It would be great if the Governor of Florida/ legislature actually did something to lower homeowner insurance premiums, car insurance premiums, flood insurance, etc; instead of battling non issues (Disney, etc).

That place is devoid of any vegetation besides a few palms. Do they have laws against planting trees?

My strategy is to just make a lot of really stupid offers. Most people will tell you to F off, but you’ll always find that one homeowner that will accept the offer. It may not be the exact house you want, but you won’t lose money on it either.

I have mentioned this before private equity firms own around 650k in inventory of homes, Now if they (the equity firm) unloads even 1/2 of these homes in Floridia and people can not afford to buy them, Then yes it will become a perfect storm. We have to remember that during the Covid Pandemic all the people who took advantage of the federal programs to not pay your rent or home loan or even student loans, Now these people have bad credit and may not qualify for a home loan. In the past everyone was complaining that there was not enough housing or homes on the market and this was because these equity firms were buying up all these homes and just either renting them or letting them sit vacant. When these equity firms off load all there inventory ( witch may be within the next 24 months ) it will cause the housing market to collapse, because now you have to many homes on the market and not enough qualified buyers

When you want to know the brutally honest truth about Real Estate, Go talk to a Realtor.🤔🤐

I wonder if this realtor can find me a house that’s way over priced, has outrageous HOA fees, is uninsurable and could literally be underwater at any moment.

It’s not “On sale”. It’s “For sale”.

A Florida realtor laughing about Cape Coral being in a flood zone? Everyone is selling before the 2024 hurricane season because all of Florida below Lake Okeechobee is a drained swamp.

They are playing with the stats. 200% more homes and Minimal price decrease! BS

Why is insurance going up tenfold for homes and cars? If you can answer honestly this question, then Florida needs to work on that to fix it and it can be fixed. Oh, it has nothing to do with climate change, hurricanes, material costs or flooding.

Yes, Butch knows all. Highest property taxes, Karen run Code Enforcement, no water or lack of water. High Homeowners insurance, high traffic issues, lack of trees, etc.

That realtor has no clue

Prices in Cape Coral have been generally overpriced for a few years now. Good reason, the place is as close to an Island paradise your going to find. Filled with FL wildlife. Interesting reading the comments, my first thought was finding a bargain. Despite all the bad news, a properly built and maintained home can be insured at a reasonable rate, add flood insurance, in FL. I'm doing it now in Daytona Beach.

Is this mainly for homes along the coast or those in the middle of the state as well?

NEVER MET A BROKER WHO DID NOT THINK IT WAS TIME TO BUY!

Diesnt the cost of homeowners insurance have something to do with it?

Don't listen to anyone trying to tell you this is not like 08. The spiel about cash buyers and people with 3% mortgages not having to sell is bs. There's gonna be plenty of "cash buyers" who are gonna get tired of holding on to that money pit and sell just to dump it. Just like last time. And just because someone bought a house with a 3% interest rate doesn't mean they can still afford the house. Lots of those will end up in foreclosure because they paid too much for the house to begin with. It's the realtors and builders who get on here and try to keep the scheme running for as long as they can. Like Robin Williams said "Brace yourself Effie!"

“We have discovered the problem…and it is us”

Hurricane, flood zone, and crime, reasons not to move in this direction. One highway is always a challenge.

Prices are not going down. Soon thousands of retirees will be relocating to Florida to live out the rest of their lives. We are going to see a huge drop in interest rates. This is going to fuel another building boom. The best advice is to buy now when you have so much to choose from. People can take out loans and build their dream homes. If they get into financial trouble they can still live in their home until they die. That’s one of the great protections about retiring in Florida. Might as well enjoy it all now with your family, most people nowadays are living into their 90s and over.

Plus monkey werx claims they're flying immigrants to Port Charlotte i.

I believe the bottom will fall out of the housing market in Fl. by the end of 2025

The water is awfully close to the ground floor. I would raise those houses higher.

prices headed straight down in the Florida market. Good luck insuring your homes.

The largest employer in Lee county is Publix and construction jobs so not sure how this is going to shake off when the economy tanks and all the construction jobs slow down.

No one should offer any purchase offer at above 2019 prices. Even at that level the homes will be unaffordable for many due to insurance and HOA costs.

Actually “for sale.” Unless she meant for sale moved into on sale. But I think not. Not for nothin’, the average person CANNOT afford flood insurance. And it’s gonna keep going up sharply. That’s only one factor.

You would have to be pretty nuts to move anywhere that looks like it was once the bottom of the ocean at this point.

Prices in FL seem cheap to the people in the northeast. People relocating from the northeast to retire in FL will sell their house for a million, average price of 500,000 - 750,000 will look like a bargain

I am a Big Fan of the Cape Coral area. There is new construction available in the Area. I recently saw a Home Listed on Zillow, on a Canal for $2,000,000. I would rather live there than Sarasota.

If you are here & hurting, the book “THE SUN ALWAYS PIERCES THROUGH” will help u heal forward.