Archive for the ‘Market News’ Category

Sanibel real estate blog: LOW inventory

Wednesday, August 14th, 2013

Here are some current stats from the Sanibel real estate board that you may find interesting: Our inventory is down 43% from the past 3 year average. This has translated into a 17% increase in the median price of a single family home compared to this time last year. Mainly in homes under $600,000. This […]

Sanibel real estate blog: HOME prices continue gain

Wednesday, July 31st, 2013

Standard & Poor’s/Case-Schiller index was reported this week  and they are saying that home prices continued to surge in May, jumping 12.2% since last May. This was the biggest annual gain since March 2006. The price increases were widespread. All 20 cities reported on showed gains, with Dallas and Denver reaching the highest level on […]

Sanibel real estate blog: Florida’s housing market continues upward trend

Wednesday, July 24th, 2013

Florida’s housing market continues on a upward trend as the June numbers just released indicate. The state median price for a single family home is up 15.1% (from last June) at $175,000. How does Lee County compare? Our current median price is $185,000- that’s up 32% from last year! Single-family home sales are down slightly, […]

Sanibel real estate blog: May sales continue positive trend.

Monday, July 1st, 2013

The numbers are in and May 2013 was another great real estate sales month in Florida. Single-family home sales rose 18.7% compared to May 2012.Homes sold in Florida totaled 22,375 and that is the highest May total since May 2005. The median price is up to $232,000. The news is good locally too. Sales of […]

Sanibel real estate blog: And now an update from Chuck

Wednesday, June 12th, 2013

Sanibel real estate sales are up in the first quarter of this year compared to 2012. Single family homes continue to lead the way. Our inventory is now at normal levels and we are seeing the last of the “short sales” and foreclosures. Another good sign that the market is getting better is the fact […]

Sanibel real estate blog: Housing index up again

Thursday, May 30th, 2013

WOW! U. S. home prices rose 10.9 percent over the last year  AND (our you ready for this?) that’s the biggest increase since April 2006! That report comes from STANDARD & POORS/CASE-SHILLER home price index.The price index includes 20 cities around the nation. The biggest gains were found in Phoenix, San Francisco and Las Vegas- […]

Sanibel real estate blog:Cheap Home Remedies

Thursday, May 23rd, 2013

Here you go: buying or selling real estate, sometimes you just need some fast, easy solutions to make your home shine. Have a clogged drain?  Try dropping 3 Alka Seltzer tablets down the drain followed by a cup of white vinegar. You have small fry decorations on the wall? Crayon markings can be removed with […]

Sanibel real estate blog: What? No mortgage payment?

Wednesday, May 8th, 2013

A new mortgage program, created about 4 years ago by the FHA called HECM is being used in Myrtle Beach, S.C. with success. You have to be 62 years old and have a down payment of 30%-50% but you will have no mortgage payments. The down payment varies with age and older buyers have to […]

Sanibel real estate blog: 20th Annual Islands Night coming up

Thursday, May 2nd, 2013

Mark your calendar: May 15th is the 20th Annual Sam Bailey Islands Night at Hammond Stadium. The gates open at 5:30- parade at 6:15 and game time is 7:15. Come out to see your  Sanibel Island faves. Free tickets all over the island from sponsored businesses: including Re/Max of the Islands.Tickets can also be found […]

Sanibel Real estate blog: 15th consecutive month of increase

Wednesday, April 24th, 2013

The statewide housing market continues to show signs of recovery- March was the 15th consecutive month that we saw an increase in the median  sale price for both single-family homes and condos. The statewide March median sales price for a single family home was $ $160,000 up 15.2% from the previous year. In Lee County, […]