Hi! Honestly, that’s a tough one to put a timeframe on. The good news is that area down there is one of the relatively higher demand areas for condos. I know Porto Vista has seen some better than average activity this summer. If we can get some of this inventory off the market in 2025 and the stock market does well, maybe we can hope to see overall condo prices start to bump up in the spring of 2026, but there’s a lot of speculation in that. Ultimately, I think there are some “forced sellers” (condo owners who no longer can afford to keep their unit with the higher fees and therefore MUST sell) that we need to get through before that turnaround happens. Once we get through those, that will help things out quite a bit for the sellers that remain. Wish I could be more definitive, but that’s my best guess as it stands right now. Thanks for watching!
Very informative as usual. Thank you!
My pleasure!
thank you very informative.
Glad it was helpful!
Hi we live in Cape Coral how many years b4 increase you think? we have 2/2 condo off Chiquita and Cape Coral parkway thanks!
Hi! Honestly, that’s a tough one to put a timeframe on. The good news is that area down there is one of the relatively higher demand areas for condos. I know Porto Vista has seen some better than average activity this summer. If we can get some of this inventory off the market in 2025 and the stock market does well, maybe we can hope to see overall condo prices start to bump up in the spring of 2026, but there’s a lot of speculation in that. Ultimately, I think there are some “forced sellers” (condo owners who no longer can afford to keep their unit with the higher fees and therefore MUST sell) that we need to get through before that turnaround happens. Once we get through those, that will help things out quite a bit for the sellers that remain. Wish I could be more definitive, but that’s my best guess as it stands right now. Thanks for watching!
@ ok thank you!
a little long winded
lol yes it is. Thanks.