Archive for the ‘Market News’ 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: SANIBEL Photo Contest

Friday, November 10th, 2017

It is that time of year again when R.S. Walsh Landscaping hold its’ monthly photo contest to celebrate Sanibel and Captiva. From December through April, you can submit photos each month for a chance to win a $50 gift certificate to R.S. Walsh IN the Garden. A  different theme will be featured each month and […]

Sanibel Real Estate blog: Farmer’s Market Return

Wednesday, October 11th, 2017

Get ready for some good local veggies, fruit, seafood and WAY more as the Sanibel Farmer’s Market has returned every Sunday. Come out and load up for the week or have a litte breakfast or lunch at the market. Come support our local economy. If you get an interest about Sanibel real estate while visiting, […]

Sanibel Real Estate blog: Interesting Article

Friday, September 29th, 2017

 I thought this article was quite good: FORT LAUDERDALE, Fla. – Sept. 28, 2017 – Question: While we survived Hurricane Irma, we missed a lot of work and had to spend our savings to get things back to normal. Now we can’t afford to make our mortgage payment. Are we going to lose our home? […]

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: 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: The Closing Disclosure

Wednesday, July 12th, 2017

It’s acceptable for real estate professionals to receive a copy of the closing disclosure from lenders, the Consumer Financial Protection Bureau (CFPB) ruled late last week. About a year ago, the CFPB released this clarification, and last week’s action makes it official, says the National Association of Realtors® (NAR). This is great news- we (agents) […]

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 […]