Sunday, May 17, 2015
The number of new single-family home permits being issued shows the building industry in Cape Coral is healthy - and sustainable.
Paul Dickson, chief building official with the city of Cape Coral, said 451 single-family home permits have been pulled so far this year. In 2014, 591 permits were pulled for the entire year.
"It has been steady growth for the past two or three years," he said. "I think it is very positive."
Although the city is seeing an increase in new growth, it has a long way to go before reaching the construction boom of the early 2000s.
"In 2003, I issued 3,818," he said of single-family home permits. "We have a long way to go to get back to 2003 levels."
A fair number of permits are being pulled for smaller homes, Dickson said, adding that he is also seeing an increase in custom and larger homes as well.
Dickson said with the size of Cape Coral, the city could be doing more than it currently is, but the numbers are still showing a steady increase - and they do not want to go too fast or too quickly in terms of building new homes.
Although the growth of new single-family homes is spread out across Cape Coral, Dickson said the gated community Sandoval, as well as Bella Vida are experiencing new homes growth.
The increase in new single-family homes is a wonderful thing to see after the recession, said Gary Aubuchon of Aubuchon Homes.
"For us we saw it begin to take place over the last two to three years, but in the past year in particular we have seen a very strong resurgence," he said of single-family homes. "Our sales have more than doubled year over year."
Cape Coral Construction Industry Association Executive Director Bill Johnson agrees that over the past year to year and a half, there has been an increase in new home construction for the single family home market throughout the entire city of Cape Coral. He believes the increase is due to a better time in the economy, allowing people to start building home again.
The market, which was once saturated with homes that were already built and foreclosures, has now decreased, he said.
"People are looking to go back out and build a home of their dreams," Johnson said, adding that individuals can go to one of the city's fine local builders to create their dream home.
Aubuchon attributed the growth to a combination of several things:
There is a shrinking inventory of existing homes available for sale; prices of existing homes have gone up significantly; the market has rebounded and buyers are finding that it makes more sense to build a new home because of the rising cost of existing homes.
In addition, Aubuchon said their clients are finding very low interest rates, resulting in more affordable homeownership.
"Our clients are typically finding interest rates in the 3 to 4 percent range," he said.
An important aspect of this particular construction boom is it is not like the boom of the early 2000s, but rather a healthy, sustainable market, Aubuchon said. Unlike the "boom" market that led to the housing bust, people are purchasing and building for their own use, rather than doing it from an investment standpoint.
"Half of our buyers are paying with cash. People are contributing to this building boom with their own dollars, or with serious equity when they are financing," Aubuchon said. "We don't see this as a bubble market. We see this as a true and sustainable market."
The homes that the Aubuchon Group is building vary in size from 2,000 square feet to more than 6,000 square feet.
"We are seeing buyers across the price spectrum for our company, which is in the range of $300,000 to over $2 million," Aubuchon said.
Entry level construction is also seeing growth.
Now with a better economy, people are able to go out and get that first home, Johnson said, making a jump that they could not do two or three years ago.
According to Johnson, new home construction is ranging anywhere from $175,000 to $350,000, with an average of 1,600 square feet to 2,500 square feet. Although there are some European buyers, as well as out-of-state buyers, Johnson said there are still a lot of local people making the jump from renting to owning.
In terms of buyers, Aubuchon said they are experiencing three different kinds. The first is the local buyer moving up from an older or smaller home into a newer or larger home. The other buyers include individuals traveling to Cape Coral from the Midwest and Northeast, as well as from Europe, Germany in particular.
Aubuchon said they are building a significant number of homes in the older section of southeast Cape Coral.
"The southwest Cape has always been a strong market for us," he said. "The new emerging market is the southeast Cape."
The emerging market is tearing down existing homes and rebuilding a newer home on the same property.
"It represents about 25 percent of all the construction we do," Aubuchon said.
The rebuilding is usually a new buyer that bought an older existing home for the land and beautiful lot.
"They weren't interested in the house, but the location," Aubuchon said. "We knock down and build exactly what they want in that spot."
Johnson said it is good to see that the market is coming back.
"Cape Coral has always been a resilient city. To see growth come back the way it has, it is a refreshing sight," he said. "We have a very good city government, council and mayor, which has made our city noticeable on a regional and state level. Cape Coral is an excellent place to live, so why not build a home here?"
The CCCIA and the Lee Building Industry Association are hosting a trade show event from 5:30 p.m. to 7:30 p.m. Tuesday, June 2, at The Ranch Concert Hall, 2158 Colonial Blvd.
The expanded Contractors Showcase will offer networking opportunities with available subcontractors.
Monday, April 20, 2015
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Licensed Realtor® Since 2004
Gulf Coast Realty Network
4002 Del Prado
Cape Coral, FL 33990
Summary for Cape Coral
Average price per square foot for Cape Coral FL was $114, an increase of 7.5% compared to the same period last year. The median sales price for homes in Cape Coral FL for Jan 15 to Apr 15 was $160,000 based on 1,025 home sales. Compared to the same period one year ago, the median home sales price increased 8.5%, or $12,500, and the number of home sales decreased 3.8%. There are currently 4,228 resale and new homes in Cape Coral on Trulia, including 8 open houses, as well as 1,288 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Cape Coral FL was $278,955 for the week ending Apr 01, which represents a decrease of 0.8%, or $2,110, compared to the prior week. Popular neighborhoods in Cape Coral include Pelican and Caloosahatchee, with average listing prices of $388,151 and $354,434.
Summary for Fort Myers
Average price per square foot for Fort Myers FL was $119, an increase of 10.2% compared to the same period last year. The median sales price for homes in Fort Myers FL for Jan 15 to Apr 15 was $167,000 based on 1,322 home sales. Compared to the same period one year ago, the median home sales price increased 8.4%, or $13,000, and the number of home sales decreased 18.6%. There are currently 2,234 resale and new homes in Fort Myers on Trulia, including 8 open houses, as well as 1,493 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Fort Myers FL was $344,197 for the week ending Apr 01, which represents an increase of 2.7%, or $9,178, compared to the prior week. Popular neighborhoods in Fort Myers include McGregor and Colonial Country Club, with average listing prices of $542,183 and $242,600.
Summary for Naples
Average price per square foot for Naples FL was $215, an increase of 11.4% compared to the same period last year. The median sales price for homes in Naples FL for Jan 15 to Apr 15 was $275,000 based on 1,926 home sales. Compared to the same period one year ago, the median home sales price increased 7.8%, or $20,000, and the number of home sales decreased 19.5%. There are currently 5,367 resale and new homes in Naples on Trulia, including 132 open houses, as well as 1,187 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Naples FL was $932,381 for the week ending Apr 01, which represents a decrease of 5.6%, or $55,455, compared to the prior week. Popular neighborhoods in Naples include Old Naples and Moorings, with average listing prices of $1,838,433 and $1,657,365.
Things to do in Cape Coral
The News-Press ..... 7:15 p.m. Cape Coral Yacht Club, 5819 Driftwood Parkway,Cape Coral. caloosadive.club ... •Ring of Fire gallery exhibit an invitational exhibit hosted by the Florida Society of .... a variety of large and small group prayeractivities including time for special focused prayers of blessing.
By CHUCK BALLARO (email@example.com) , North Fort Myers Neighbor ... The event featured not only great food but great entertainment from the Calendar Girls. ... North Fort Myers, FL 33903 ... Anna Galina and her daughter, Sophia, 10, from Cape Coral, came for the food and fun.
Study Finds Houses Moving Fast in the West, Slow in the East
... U.S. this spring found that eight of the 10 fastest-moving housing markets are in California. ... One notable exception in the east is Cape Coral, Florida, where the pace of sales has ... “It turns out it's homes priced at the low end of the market,” said Trulia ... “And this is bad news for first-time homebuyers.
Fort Myers entertainment complex to feature bowling, laser tag, ropes
It's not your father's bowling alley and it may be unlike any bowling center you've ever seen.
HeadPinz Fort Myers, under construction on the west side of Treeline Avenue near the airport, is expected to open in mid-June.
The 50,000-square-foot center is much more of a multi-use entertainment attraction than what keglers at other Southwest Florida bowling locations have experienced.
That's because this location will feature a two-story laser tag arena, a suspended aerial ropes course and an area featuring more than 40 top arcade games.
"There's nothing like it in Florida," said Mike Cannington, director of operations for Bowland Centers. "You have to go to Atlanta or Dallas (or another major city) to find a building that has all these pieces."
Oh, and there's bowling too. The center will have 28 lanes — 16 in a traditional setting, eight in a boutique area with its own bar and four "old time" lanes with pin setting by hand and a vintage look.
There will also be an indoor/outdoor lounge, conference, meeting and party rooms. Beyond that will be Nemo's Sports Bar, serving breakfast, lunch and dinner, with a full bar and large-screen TVs.
"We're testing lamb chops and ribeye steaks," Cannington said. "This is going to be so far apart from what a traditional bowling center brings to mind. The area is ready for it."
Sound like fun? Cannington hopes at least 125 people find it a fun place to work too.
Positions include management, food and beverage (cooks, prep, bartenders, servers), game zone attendants, bowling center customer service, event sales staff and mechanics.
The first of three job fairs will be Saturday, but don't worry if you can't make it because there will be two more. The next one is Monday, April 27, and the last one will be Saturday, May 9.
Wages will "run the gamut," depending on the role and level of responsibility, Cannington said, with some starting at minimum age and others paying substantially more.
The plan is to first get the management team solidified. Once that is determined, those managers will have a say in who joins their team.
"We have so many jobs and ample opportunity for moving up as well," Cannington said.
This will be the seventh Southwest Florida location in the Bowland Centers family. There are two in Naples and two in Cape Coral as well as one each in Lehigh Acres and Port Charlotte.
Gary Tasman, founder and executive director of Cushman & Wakefield Commercial Property Southwest Florida, said it's interesting to see how that area is starting to develop.
HeadPinz is "leveraging a destination location against a large concentration of traffic that's going to be generated in that immediate area by what's there already," he said, noting its proximity to Gulf Coast Town Center, FGCU, Miromar Outlets and the airport, as well as family-filled communities including Gateway and San Carlos Park.
The location near the interstate will also allow it to draw from much farther, he said, likely from as far away as North Naples to the south.
"I think it's very feasible to expect additional entertainment and retail uses along Treeline in that area," Tasman said, likening the center to the popular Dave & Buster's concept. "I think (the Bowland people) were brilliant to be pioneers to go into that area to build that kind of facility. Word will get out quickly. It will be very well received."
What: HeadPinz Fort Myers job fairs
When: Saturday, April 18, 10 a.m. to 3 p.m.; Monday, April 27, from 3 to 8 p.m.; Saturday, May 9, from 10 a.m. to 3 p.m.
Where: Holiday Inn Fort Myers Airport & Town Center, across from Gulf Coast Town Center, for all three
Requests: Bring a resume and dress nice
Want to be a step ahead? Before going to the job fair, go to headpinz.com and click on the "Join Our Team!" tab to apply. The process should take less than 10 minutes.
For more information: Call Mike Cannington at 947-2111.
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