Archive for the ‘Market News’ Category

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 […]

Sanibel Real Estate Blog: February Lee County update

Wednesday, March 23rd, 2016

The stats are gathered for February and it seems we have hit a bit of slump in Lee County. Closed sales in February amounted to 825 home sales and that was down 12.5% from last year. February was however the 51st consecutive month of a median home price increase, now up to $ 216,800 (from […]

Sanibel Real Estate Blog: Tax credits for homeowners

Thursday, March 3rd, 2016

Sanibel real estate homeowners: Are you getting all of the tax credit you deserve on home improvement this year? Homeowners can earn up to $500 on their return by taking into account small upgrades made last year, including: Biomass stoves Heating, ventilation, and air conditioning Advanced main air-circulating fans (tax credit amount of $50) Insulation […]

Sanibel Real Estate Blog: Florida January Sales Strong

Wednesday, February 24th, 2016

From the Florida Association of Realtors: Florida’s housing market saw rising median prices, fewer all-cash closed sales and a tight inventory of for-sale homes in January, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 16,529 last month, up 2.7 percent over the January 2015 figure. “Florida’s […]