Archive for the ‘Market News’ Category

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 […]

Sanibel Real Estate Blog: Florida is Nearly Normal.

Thursday, October 27th, 2016

Just reprinted from the Florida Realtor Association: Fla. real estate market rapidly returning to ‘normal’ WASHINGTON – Oct. 26, 2016 – According to Freddie Mac, the nation’s housing market is almost back to normal or, in Freddie’s terms, “on the outer edge of its historic benchmark range of housing activity.” The study also found that […]

Sanibel Real Estate Blog: Florida Real Estate Stats for September

Friday, October 21st, 2016

Reprinted from the Florida Real Estate Board info: Florida’s housing market had more new listings, higher median prices and fewer all-cash closed sales in September, according to the latest housing data released by Florida Realtors®. Tight inventory continues to impact the state’s housing market, noted Florida Realtors Chief Economist Brad O’Connor. Closed sales of single-family […]

Sanibel Real Estate Blog: Median Price up a Bit

Friday, September 23rd, 2016

August stats for Lee County have just been released and the median price for a single family home is currently $225,000, up 11% from last August. There was also a huge jump in sales in the over one  mill category of 80% with 27 homes sold in that range this past month. Closed sales for […]

Sanibel Real Estate Blog: Summer Doldrums!

Wednesday, August 3rd, 2016

IN spite of being the hottest summer we can recall, the real market has cooled off a bit since 2015. Still healthy- just not robust! At this point in the summer, closed sales are down 25% year to date. With 261 closed sales so far this year we are only about half way to the […]

Sanibel Real Estate Blog: June sales info

Monday, July 25th, 2016

The June sales numbers are in for Lee County and it looks like we took a drop in actual sales but there was another uptick in prices. WE had 1177 closed single family home sales in Lee in June and last June we saw 1342 closed sales. There was a jump in the median price […]

Sanibel Real Estate Blog: the 4th of July on Sanibel

Thursday, June 30th, 2016

NO shortage of activities on Sanibel Island this 4th of July! Start your day with a pancake breakfast and Sanibel Community Church, served 7:30-9:30. Then head down Periwinkle and catch the amazing 4th of July parade. What to try a road rally? Head to Timbers Restaurant and 12 and sign-up. Spend some time walking the […]

Sanibel Real Estate Blog: Oops, sales down.

Wednesday, April 27th, 2016

The number of sales reported in the Sanibel MLS is down 28% from this time last year. We feel this is partly due to record low inventory (down 25%!) from the last two year average. There has been  a slight increase in median prices, so the market is seemingly back to normal. If the Sanibel […]