Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO. CoreLogic is a nationwide analytics company. “This spring, the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices,” says Mark Fleming, CoreLogic’s chief economist. “Although this has been the [...]
According to the zillow website: 19 of the 30 markets in their monthly reports are expected to hit bottom in 2012. A few of the real estate markets expected to hit bottom: New York, LA, Dallas-Ft. Worth, Philadelphia, DC, Boston and Miami-Ft. Lauderdale. This report also said that Miami should see increases in home values [...]
This is the weekend you all have been waiting for: National Open House Weekend! Homes throughout America are getting polished and shined as I write in preparation for buyer prospects. This is a great time to get out and check out neighborhoods, floor plans, and prices. Many Sanibel real estate properties will be open, look [...]
Just looking over a few March stats and find that the number of listings in Lee County is down. March 2011 we had 6889 active listings and this year we have 4171. That’s a 33.6% decline. While the number of active listings is down, the median price has gone up. The new median price in [...]
Yes, indeed! The condos are moving: eight closed sales since the first of the year, and 3 more currently pending and another two more awaiting short sale approval from the bank. Maybe it is time to list your Crown Colony condo and move on up to the big house and pool. We have a nice [...]
Sanibel real estate sales are up 23% over last year. The significant increase in the number of transactions is due mainly to single family home sales. The total number of listings is down 18% from a year ago. Year-to-date sales 2012 vs. 2012 up 50%, and 2012 vs. 2011 up 15%. Buyers are realizing NOW [...]
A couple of nationally recognized hurricane experts say this year’s storm season could be one of the quietest of the past three decades. The experts are William Gray and Philip Klotzbach, both hurricane research specialists from headquarted on Colorado State University. The reasoning behind the prediction is the tropical Atlantic Ocean is cooler than normal [...]
One of Sanibel’s oldest landmark is reopening very soon. Previously called McT’s, it is reopening under the name Sanibel Fish House, after about one and half years of remodeling. We wish them lots of good luck! If your trip to the island to visit the restaurant leads to curiosity about Sanibel real estate, give the [...]
I stole that line from the recent article in the Fort Myers News Press but it seems appropriate. Now this is according to a survey, and not actual hiring but if the survey ends up to be reality about 23% of employers will be hiring in the next quarter of 2012 (April- June). Another 64% [...]
A few more pending home sales this week, and they both are the bargains, telling me that buyers are still searching for that deal! The REO went under contract as well as very low priced Sterling model. (List price: $529,000 and $489,000). Huge reduction on the beautiful Sterling model overlooking the second green on Crownsbury [...]
