Archive for the ‘Market News’ Category

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 […]

Sanibel real estate blog: 6 weeks to go in 2013- what happened in the Sanibel real estate market?

Wednesday, November 20th, 2013

Here we go– as we start to wrap up this year, here is how the market looks, stats through November 16th. The total number of listings is down 40% from January 2012 an down 23% from January 2013. The most active market segment was single family homes. Since January 2013 we have seen an increase […]

Sanibel real estate blog: NAR makes economic predictions

Wednesday, November 13th, 2013

And the latest word from NAR (NATIONAL ASSOCIATION OF REALTORS) at a Realtors Conference and Expo last Friday:  Price gains to drive housing growth.  The dollar volume of home sales will rise modestly next year, but that growth will stem entirely from increased home prices. This is according to NAR Chief Economist Lawrence Yun. He […]

Sanibel real estate blog:: Taste of the Islands returns!

Wednesday, November 6th, 2013

OK Sanibel Islanders:  Once again time for the annual food tasting  from the area  top restaurants at the 2013 Taste of the Island festival. In previous years, Taste of the Island was hosted at The Community House, but as the event grew in size organizers decided to move it to The Dunes Golf and Tennis […]

Sanibel real estate blog: Florida’s housing market shows positive gains in September

Tuesday, October 22nd, 2013

While the nation existing home sales declined in September, Florida continues positive growth mode with more closed sales, higher median prices, & increased pending sales. Reports from the Florida Board of Realtors Association show 22 months in a row of a steady rise in median sales price. The statewide median sales price last month was […]

Sanibel real estate blog: 6 1/2 year high in home sales.

Wednesday, September 25th, 2013

WOW! U.S. home sales rose last month to the highest level since February 2007! Resales rose 1.7 % to a seasonally adjusted annual rate of 5.48 million in August in the U.S. How did we fare locally? In Lee County: the August median price of single-family home was $165,000 and that is up 26.9% from […]