While we are still seeing a decline in most residential markets here locally we are seeing more and more commercial developments. Cape Coral Appreciation Rates have been behind in commercial growth for years. Slowly, we now have about 8% commercial. A recent article in the news-press examines this. Many of my clients & prospective clients have been worried about the current market conditions.
From this commercial growth we’ll see the residential side start to stabilize & then turn around to appreciate again. While I do not believe we will see appreciation rates in the 20-30-50+ ranges anytime soon again, I do think we’ll see 5-10% a year after we stabilize. It’s still a great time to buy – especially since I believe it will turn around quickly & leave many would-be buyers on the sidelines too late to have gotten a great opportunity.