Last Update on Cape Coral foreclosures

Cape Coral Foreclosure Listings

Homebuyers can choose from an array of 126 foreclosure listings in Cape Coral. The best thing about these Cape Coral bank foreclosures is their affordability. The average price per square foot of homes in this city is $68. The price is tempting and attractive to real estate investors and new residents who want to own homes in Cape Coral. The waterfront homes will surely make beautiful residences.

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Bank Foreclosures in Cape Coral

Cape Coral is also an amazing city, and well-loved by its 102,286 year-round residents. There is a wealth of opportunities in the city. New residents can enjoy waterfront living if this is their dream.

Cape Coral is a relatively young city founded in 1957 by two real estate developers who had a master plan to establish a Waterfront Wonderland with 400 miles of navigable waterways.

In its early years, the city became a popular haven for retirement, attracting mature families with grown children, military veterans and urban singles of retirement age. Still today, 37.9% of the population are older than 50 with 14.7% being 70 or older. 64.8% are married and 71.0% are without children.

During the construction boom in the 1990s, many younger professionals and their families moved to Cape Coral. Currently, Cape Coral has a population of 162,852 people. It is also now the second largest city in Florida and has become a popular place to live and do business.
Cape Coral supports a variety of businesses, retailers and restaurants with high quality sites at unbeatable prices.

Families who appreciate relaxed, easy-living will enjoy floating down the “lazy river,” playing a round of golf in one of Cape Coral's seven courses and bird watching in the several recreational parks present in the city. Cape Coral also offers a safe and secure environment with crime statistics that are well below the state average.

As of late March 2010, the average listing price for houses in Cape Coral was $237,513. The average price per square foot in city is around $70. The median sales price between December 2010 and February 2011 was $89,000 while the median value of owner-occupied houses was $110,800.

Home buyers looking out for the best deals will find 126 houses available on the city's foreclosure listings of which 116 are Cape Coral bank foreclosures. 10 of the houses are on auction. It is also possible to get a condo with two bedrooms and two bathrooms for only $1,000, at $1 per square foot, or a single family home with three bedrooms and two bathrooms for $888,729.

Preferred neighborhoods include Pelican, Caloosahatchee, Hancock, Mariner, and Burnt Store where the prices are between $104,218 and $352,546. There are also good opportunities in Pelican, Diplomat and Mariner which are showing positive, week-on-week average price appreciations.