Archive for the ‘Market News’ Category

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 […]

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 […]