Cape Coral Vacant Land Market Update

April 2023 Statistics

Cape Coral Vacant Land Market Update: May 2023. Here are are some important statistics from April 2023

  • Closed Sales: 223
  • New Listings: 351
  • Active Inventory: 2,559
  • Median Sales Price: $50,000
  • Average Sales Price: $75,000

April 2023 was a buyers market!

The Median Sold Price increased by 6.4% from last month. Additionally, the Average Sold Price decreased by 6.2% from last month. Based on the 6 month trend, the Average Sold Price trend was “Neutral” and the Median Sold Price trend was “Appreciating”

Additionally, the DOM for April 2023 was 136, down 9.9% from 151 days last month and up 60% from 85 days in April of last year.

Lastly, the April 2023 Months of Inventory based on Closed Sales of 11.5 was increased by 273.6% compared to last year and up 16.5% compared to last month. April 2023 was Buyer’s market.

City Approves Future Land Use Change

The Cape Coral Planning and Zoning Commission recommended approval Wednesday for a city-initiated small-scale future land-use amendment for 140 properties along Diplomat Parkway East totaling about 14.6 acres.

Buying Vacant Land in Cape Coral

Are you looking to purchase vacant land in Cape Coral or other parts of SWFL? Are you a builder, investor, or looking to build your dream home? If so, there are some important things you need to know when buying lots in Cape Coral and SWFL. Of course, we want you to know a few things you should be looking at when you decide to purchase a lot here. Click here to find out more.

Selling Vacant Land in Cape Coral

Are you looking to sell your piece of land in Cape Coral? We can help! Our clients benefit from our knowledge, experience, and results! We work with builders, investors, and other realtors who are currently buying vacant lots in Cape Coral as well as all over SWFL!

Click here to request a free Comparative Market Analysis on your property!

Lastly, if you have any questions about the Cape Coral Vacant Land Market Update, please do not hesitate to contact us!


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