Archive for the ‘Crown Colony real estate’ Category

Sanibel Real Estate Blog: NAR Applauds Flood Bill Passage

Thursday, November 16th, 2017

According to NAR, H.R. 2874 authorizes $1B to elevate, buy or mitigate high-risk properties; caps premiums at $10K per year; opens up coverage to the private market; allows community flood maps and an appeal process; improves the claims process; and deals with properties that flood repeatedly. Originally to expire on Dec. 15th, this seems like […]

Sanibel Real Estate Blog: Irma Not Good for Sales

Monday, October 23rd, 2017

Hurricane Irma, which made landfall in the Keys on Sept. 10 and continued up the state’s west coast, affected Florida’s housing market data in September, according to the latest housing data released by Florida Realtors®. Fewer sales, pending sales and new listings were reported, though median prices rose as a still-tight inventory of for-sale homes […]

Sanibel Real Estate Blog: Flood insurance after Harvey

Thursday, August 31st, 2017

In a statement, William H. Stander, executive director of the Florida Property & Casualty Association, said the organization can’t speculate on how Texas losses could impact Florida rates: “More importantly, all Floridians should recognize the importance of buying flood insurance, which is not covered under your homeowner’s insurance policy,” he said. We all know it… […]

Sanibel Real Estate Blog: TOP 10!!

Tuesday, August 8th, 2017

Travel and Leisure magazine just came out with it’s annual World’s Best list and good ole’ Sanibel  Island came in at #10!! Pretty amazing. Check out the August issue for yourself! Sanibel real estate sales are moving along nicely this summer. If you have any questions about Sanibel real estate or your Sanibel neighborhood, check […]

Sanibel Real Estate Blog: Some Stats for June

Tuesday, August 1st, 2017

June was a busy month in Southwest Florida for real estate. There were more closed sales, more active listings, and higher median sales prices than June in 2016. 1276 single family homes sold in Lee County and that was up 8.45%, condos were up 11.9% as 575 sold. How about that median sales price– still […]

Sanibel Real Estate Blog: Ding Darling Photo Contest

Thursday, July 20th, 2017

The 30th annual “Ding” Darling Days Amateur Nature Photography contest is accepting entries through Sept. 15. Complete contest rules, and entry form and other contest info can be found at www.dingdarlingsociety.org. Winners will be announced on Oct .21 at the Conservation Art Day. So, polish off the camera and get out to Sanibel where  nature […]

Sanibel Real Estate Blog: Estoppel Fees Capped

Thursday, June 29th, 2017

One of the new laws in real estate world is the cap on estoppel fees. Previously unregulated, management companies could charge whatever they wanted at closing to seller to give their blessing to the closing. Here is how the Florida Board of Realtors explains the new law: Cap on estoppel certificate fees – Sellers of […]

Sanibel Real Estate Blog: May 2017 Looked Good!

Thursday, June 22nd, 2017

The home sales numbers have been tallied for May and the median price is up to #239,000 statewide. That is a 7.7 % increase from last year at this time. The condo statewide median price is now $178,000- that’s an 8.1 % increase over last year. Sales of single family homes statewide totaled 27,850, up […]

Sanibel Real Estate Blog: Mortgage Rates Still Falling

Friday, June 9th, 2017

According to mortgage buyer Freddie Mac:long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months. They went on to say  the average rate on 30-year fixed-rate home loans dropped to 3.89 percent from 3.94 percent last week. The rate […]

Sanibel Real Estate Blog: Chuck’s update

Wednesday, May 31st, 2017

As of May 23rd, our Association of Realtors numbers tell us that we are on the same pace ( closed sales) as 2016 but still 23% lower than the banner year of 2015. Our market is healthy but not as robust. Don’t believe everything you read in the papers about the real estate market. The […]