Archive for the ‘Market News’ Category

Sanibel real estate blog: Shop for a Mortgage

Wednesday, January 14th, 2015

IN a survey taken recently, it looks like mortgage consumers are not shopping around. If you are checking out Sanibel real estate and need a mortgage info, we have a list of reputable lenders and would be happy to provide it. Today’s report is based on results from the new National Survey of Mortgage Borrowers, […]

Sanibel real estate blog: September price report

Thursday, October 30th, 2014

Still on the upward trend…. all of those interested in Sanibel real estate, listen up: The median price of an existing single family home in LEE County rose 3.9% from $168,500 to $175,000 in September 2014 from September 2013. Closed sales of a single-family home rose during that same period 2.4% with 965 closed sales. […]

Sanibel real estate blog: positive outlook!

Wednesday, October 8th, 2014

.According to Fannie Mae’s September 2014 National Housing Survey, consumers are feeling a little bit better about the housing market. What do you say, Sanibel real estate buyers? In September, the share of consumers who say it’s a good time to buy a home is back up to 68 percent, a four-percentage-point increase from August. […]

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 […]