| By Pat Eberle,
on 04-02-2010 19:42
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Views : 655 |
Published in : Blog, Blog |
Cape Coral is 4th most undervalued City in the US Atlantic City, N.J., is now the most overvalued metro area in the nation. At 30.2% over fair market, it is the only city in the dangerous 30%-plus category. Almost at that cutoff is Wenachee, Wash., at 28.9%. The third most overpriced area is Ocean City, N.J. The most undervalued market is Las Vegas, where homes sell for 41.4% below fair market, followed by Vero Beach, Fla. (-39.8%), Merced, Calif. (-37.7%), and Cape Coral, Fla. (-36.8%).
These judgments are determined by comparing median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited over time. CNNMoney.com Top 10 Undervalued Cities in the US. |
| Las Vegas, Nev. | $129,700 | -41.4% | 38% | | Vero Beach, Fla. | $123,300 | -39.8% | 54% | | Merced, Calif. | $102,300 | -37.7% | 77% | | Cape Coral, Fla. | $118,700 | -36.8% | 52% | | Houma, La. | $116,200 | -34.6% | -1% | | Port St. Lucie, Fla. | $115,600 | -33.3% | 72% | | Warren, Mich. | $117,500 | -32.3% | 15% | | Vallejo, Calif. | $196,900 | -31.9% | 53% | | Modesto, Calif. | $138,700 | -31.8% | 67% | | Stockton, Calif. | $145,100 | -31.8% | 72% |
Source: PNC Financial Services and IHS Global Insight If you would like more information regarding the Cape Coral Real Estate market please contact Cape Coral Realtor Pat Eberle at 239.220.2389 or pat@rasorealty.com. Last update: 04-02-2010 19:42
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