The housing market in the US took a big hit with the current recession. Many markets saw their housing bubble burst and the end result was a volatile market. Yet, there is one town in Florida on the Gulf Coast that has seen a silver lining. Cape Coral foreclosures have created a buyers' market for house hunters looking to buy waterfront property situated on one of the country's most beautiful coastlines.
Finding Deep Discounts With Cape Coral Foreclosures
Foreclosures in this Florida community have really helped buyers price themselves right into the housing market. A buyers market means that more and more of the homes for sale are being offered at a premium value. Even for property that is not for sale by a bank is more affordable in a buyer's market.
Even if a home is purchased off of a bank's foreclosure list, the home still offers all of the amenities and perks of waterfront living. Families are able to find affordable real estate whether they are buying from the previous owners or at a bank auction. Best of all, Cape Coral homes for sale offer even greater value and the ability to stretch every dollar further than ever before. Even with the current state of the economy, buyers are still coming to this Florida waterfront community to make home purchases.
Cape Coral Homes For Sale Make For Affordable Waterfront Living
It is no small wonder why many families are looking to find waterfront homes to call their own. House hunters that come looking for Cape Coral homes for sale can find affordable homes with water access and amazing views. This community has more canals than any other city in the world, including Venice. In fact, the town has over four hundred miles of navigable waterways. There's a reason why this town has earned the nickname "waterfront wonderland."
The housing market in central Florida has been making this dream a reality for many families. This possibility has been bringing in new families, young professionals, and businesses. Many people can't resist the potential of affordable, waterfront homes.
Investment Possibilities For Cape Coral Real Estate
This coastal community has been growing steadily for the last 30 years. In fact, it is one of the fastest growing areas in not only Florida, but the entire country. It is the most populous city between Tampa and Miami and continues to grow. It is also a significant part of the Fort Myers metropolitan area.
This growth is being spurred on by new businesses, retailers, families, and young professionals that continue to flock to the area. All of this growth makes each home for sale a great investment as well as an amazing home. Waterfront property is never a bad choice for investment; this type of property will hold its value and steadily grow year after year.
So while some communities have been hard hit by the housing bubble, buyers looking for waterfront homes and great investment opportunities continue to look to Cape Coral real estate. There has never been a better time to invest in a home on the Gulf Coast.