Archive for the ‘Market News’ Category

Sanibel real estate blog: Setting a sales price

Thursday, September 4th, 2014

What’s the most important thing about formulating a listing price for your home? Well, it is going to sound self-serving, but I would say the most important thing is to listen to your real estate agent (or agents). Let’s say you invite 3 realtors to your home to get their opinion on a price to […]

Sanibel real estate blog: Home prices continue rise

Thursday, August 28th, 2014

The Lee County median single family price is still on the rise as we review July stats. The median price for a single family home for July was $ 179,900-that’s up 10.4 % from $163,000 a year earlier. The median sales price for a condo in July was $ 159,950 and that’s a 14.3% increase […]

Sanibel real estate blog: IT’s easier to get a loan

Wednesday, August 6th, 2014

 The home mortgage market improved last quarter as demand increased and many banks eased their lending standards for the most creditworthy borrowers, the Federal Reserve said Monday. Banks also loosened lending criteria for a variety of other consumer and business loans as the economy improved and demand picked up. The developments could foreshadow a turnaround […]

Sanibel Real Estate Blog:June Statewide Stats

Tuesday, July 22nd, 2014

The Florida Association of Realtors has just released the June stats and it looks like: more closed sales, higher median prices, increased new listings with a rise in inventory. June was the 31st month that median sales price rose year over year. The statewide median sales price for a single-family existing home is now $ […]

Sanibel real estate blog: May prices and sales up!

Monday, June 30th, 2014

This market is getting better all of  time. In all of Lee County, the median price of a home is now $195,000, a 10.6% increase from a year earlier, according to the most recent Lee County MLS stats. The condo median sales price is now up to $169,000 and that is a 6.2% increase from […]

Sanibel real estate blog: MEDIAN PRICE above $200,000!

Friday, May 23rd, 2014

A recent report form Florida Realtors Association has April with higher median prices and more overall sales than last April. Florida realtors sold 21,385 homes in Florida, and that’s up 4.1% from last April. And for the 29th month in a row median sales price rose for both single family homes and condos. The statewide […]

Sanibel Real Estate Blog: MARKET WATCH 2014

Wednesday, February 26th, 2014

The News-Press Market Watch took place this week and the presenters agreed that Southwest Florida is currently experiencing a relatively normal market. One stunning statistic: as of February 2014 there are only 490 homes valued at less than $100,000. In 2011, that number was 2312 and in 2009 it was 4220! You are going to […]

Sanibel real estate blog: 2014 “year of the big move”

Thursday, January 16th, 2014

The president of and CEO of one of our associate real estate companies says “2014 is the year of the big move”. The factors that could spark a move: 1.Rising mortgage rates: They are expected to move up this year and many may react  before they do. 2. Dropping affordability: Incomes are not keeping pace […]

Sanibel real estate blog: Why renourish the beaches?

Wednesday, December 11th, 2013

As the Captiva beach renourishment project wraps up (leaving 750,000 cubic yards of sand) and the Sanibel’s Blind Pass project begins this week. Why renourish the beaches of Southwest Florida? First, the beaches protect buildings and roads from storm surge from hurricanes and tropical storms and wave action from cold fronts. Second, the beaches provide […]

Sanibel real estate blog: New home sales jump in October

Thursday, December 5th, 2013

More evidence of the housing market recovery: New home sales grew in October after a few lackluster months. Sales of new homes grew 25.4% to a seasonally adjusted annual rate of 444,000 the Commerce department reported this week. This is the largest monthly increase since May 1980. Speaking of new home sales, there is a […]