Archive for the ‘Market News’ Category

Sanibel Real Estate Blog: Median Price Still Rising

Thursday, May 25th, 2017

The statewide median sales price for single-family existing homes last month was $234,900, up 10.3 percent from the previous year, according to data from Florida Realtors research department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in April was $172,000, up 7.2 percent over the year-ago figure. April was the […]

Sanibel Real Estate Blog: What about Zillow

Monday, May 15th, 2017

As a real estate agent, I love that Zillow quickly gets my listings to the internet in yet another venue to find buyers. But it is a love-hate relationship as Zillow’s formula makes for many errors.  In fact. A homeowner has filed suit against  Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her home, […]

Sanibel Real Estate Blog: March Stats

Friday, April 28th, 2017

March was a good  month for home sales in Lee County. Everything was UP!! Closed sales, pending sales and best of all: the median sale  price. The current median sales price in Lee County is $255,000 for a single family home. Last year at this time it was $225,000. Condos are up too at $193,600 […]

Sanibel Real Estate Blog: Mortgage rates lowest in 2017

Monday, April 17th, 2017

Average 30-year mortgage rate falls to 2017 low: 4.08% Long-term mortgage rates have been hard to track and even harder to predict this year. The FRM hit a 2017 high recently only to drop this week to a new 2017 low. Maybe time to hop in on some Sanibel real estate. Check out our Sanibel […]

Sanibel Real Estate Blog: FLOCKING TO FLORIDA

Friday, March 24th, 2017

Lee, Collier and Charlotte Counties continue to hold top spots for  growth. Lee County was the fifth fastest -growing metro area by percentage from July 1, 2015-June 30, 2016, according to Census figures released this week. Don’t miss out on your chance to own Sanibel real estate and be a part of this growing news. […]

Sanibel Real Estate Blog: Buyer’s Market?

Wednesday, March 1st, 2017

The January stats give us a few bright spots: more closed sales than last year and the median price is up to $ 245,000 from $227,000. Some of the numbers do indicate we are heading toward a buyer’s market: more inventory (active listings) and and fewer pending listings than this time last year. Whatever the […]

Sanibel Real Estate Blog: Don’t Forget Your Tax Deductions

Wednesday, February 22nd, 2017

OK, all of you that have purchased Sanibel real estate: Here are four Florida  deductions that you may be able to claim on your taxes this year: 1.Mortgage interest The interest paid on a home loan is typically the largest potential deduction for middle-class. Also this for a second home: you can also deduct the […]

Sanibel Real Estate Blog: DECEMBER Stats

Tuesday, January 24th, 2017

The Florida Gulf Coast Realtors just released the county wide stats for December and there appears to be a drop in sales. Closed sales were down for both Single family homes (5.5%) and condos (10.3%). Good news though- median sales price continues to climb year over year. December 2016 saw a median sales price of […]

Sanibel Real Estate Blog: Rising Interest Rates

Tuesday, November 29th, 2016

 Sanibel real estate buyers, listen up: long-term U.S. mortgage rates continued to surge last week after the recent election. Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate […]

Sanibel Real Estate Blog: Some Sanibel/Captiva Stats

Thursday, November 17th, 2016

Just updated stats on Sanibel real estate and we would like to share the results. As of Nov. 14, 2016: They have been 185 closed home sales and 142 closed condo sales. There are 22 pending home sales and 17 pending condo sales- most likely they will close before the end of year. That will […]