Archive for the ‘Captiva Real Estate’ Category

Sanibel Real Estate Blog: February STATS

Thursday, March 22nd, 2018

Closed sales, median salesprice, and active listings saw a positive increase in the month of February in Lee County. The number of closed sales for single family homes was up more that 10% year over year with 912 closed sales compared to 824 last year. Condos were up even more- 16.7% or 511 closed sales […]

Sanibel Real Estate Blog: Rates Creeping Up

Tuesday, March 6th, 2018

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.43 percent this week from 4.40 percent last week. The new average for the benchmark rate is the highest since January 2014. The 30-year rate stood at 4.10 percent a year ago. Will they continue to climb?? Buy your […]

Sanibel Real Estate Blog: Confusing New Tax Laws

Friday, February 23rd, 2018

Yes, if you are purchasing Sanibel real estate you will want to be current on the new tax laws. Everything on the changes can be found at Tax Reform page on IRS.gov. And when you have read up on everything, consulted with your accountant and are ready to make a purchase, Chuck & Kimberley Andrews […]

Sanibel Real Estate Blog: STATE of the UNION Housing Address

Thursday, February 1st, 2018

Realtor.com recently released its own “State of the Housing Union” and according to the analysis, strong buyer demand, constrained inventory, and ready-to-buy- first timers are the key drivers in the current market. Realtors know that housing drivers are local and it’s always best to seek professional advice if you are buying or selling. If you […]

Sanibel Real Estate Blog: Some Year-End Stats

Tuesday, January 23rd, 2018

Here are some 2017 year-end stats taken from the Sanibel Real Estate Board:  The median sales price of homes was up 7.9% in 2016 due to a very active 2015. But 2017 prices seemed to have “flat- lined”. Condo prices were up about 7%  IN 2017. They were hit hardest in the “crisis”, so it’s […]

Sanibel Real Estate Blog: NO Drilling!

Thursday, January 11th, 2018

The Trump administration said Tuesday it would not allow oil drilling off the coast of Florida, abruptly reversing course under pressure from Republican Gov. Rick Scott. Interior Secretary Ryan Zinke said after a brief meeting with Scott at the Tallahassee airport that drilling would be “off the table” when it comes to waters in the […]

Sanibel Real Estate Blog: Let’s End on a Good Note!

Wednesday, December 27th, 2017

Other than a little blip on the screen in September when Irma rolled through Southwest Florida, 2017 was a good real estate year. Most months so ever so slight increases in median price point as well as pending and closed sales. The most recent info compiled for the state of Florida shows that we continue […]

Sanibel Real Estate Blog: OPTIMISM!

Tuesday, December 19th, 2017

Hey, Sanibel real estate buyers:U.S. homebuilders are feeling more optimistic than they have in nearly two decades. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose five points to 74 this month. That’s the highest reading since July of 1999, more than 18 years ago. If the time has come for […]

Sanibel Real Estate Blog: Flood Insurance Update

Wednesday, December 6th, 2017

If you are under contract to buy a home, better get your flood insurance lined up before Dec. 8. The National Flood Insurance Program expires then and if Congress doesn’t act there could be a lapse in this program. Republicans proposed a spending deal that would keep this going until Dec. 22 on Monday but […]

Sanibel Real Estate Blog: October Better Than September

Wednesday, November 22nd, 2017

Real estate activity was much better in September. Old Irma held us down a bit. Closed sales in October in LEE  County were down from last October 9.5% and condo sales were up 9.1%. The median value of a single family home continues to creep up at $240,000- that’s 6.7% higher than last October at […]