Archive for the ‘Market News’ Category

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 […]

Sanibel Real estate: Budget Decor for dummies

Tuesday, September 10th, 2013

I get the question a lot after the Sanibel real estate sale: How am I going to decorate this thing?? Well, I am not a decorator but do all of my own decorating and if I do say so myself, my home looks pretty good and is very comfortable. Those were my goals so I […]

Sanibel real estate blog: Florida’s housing market continues a positive track in July

Tuesday, August 27th, 2013

The Florida Realtors recently released July sales numbers and the housing market continues to gain momentum– we had more closed sales, more pending sales and higher median prices. Here’s how it breaks down and how Lee County compares to the rest of the state: FLORIDA: 21,238 single family closed sales ( up 20.9% from July […]

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 […]