Archive for the ‘Market News’ Category

Sanibel real estate blog: Chuck’s stats in a nutshell.

Thursday, April 18th, 2013

What a difference a year makes in Sanibel real estate! Sanibel MLS inventory is down 27% from the past 3 year average. WE are seeing fewer sales compared to this time last year but that is a reflection of the low inventory. Thankfully, the foreclosure/short sale fiasco is in our rear view mirror and we […]

Sanibel real estate blog: The lenders say recovery is real

Thursday, April 11th, 2013

The quarterly survey of U.S. bank risk professionals says this real estate recovery is real. FICO ( a predictive analytics and decision management software company)  said 3/4 (71%) of risk pros said home prices are “rising at a sustainable pace” in the context of mortgage lending risk. FICO says the latest report has the most […]

Sanibel real estate blog: February Florida housing market continues upswing

Wednesday, March 27th, 2013

Straight from the Florida Association of Realtors: February reports show more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale. February is the 14th month in a row that statewide that for both  single family and condos, there was an increase in median price. That […]

Sanibel real estate blog: Stats through 3/18/2013

Wednesday, March 20th, 2013

 Some Sanibel real estate stats for our real estate followers: our total inventory is down 27% from the previous 3 year average. Once again, single family homes lead the way. Vacant lot sales are way up- this should translate into new homes being built. The condo market in still soft. Not enough sales so far […]

Sanibel Real estate: Blind Pass to go deep

Friday, March 1st, 2013

IN 2009, a dredging project removed 150,000 cubic feet of sand  (cost- $2.17 million) and restored the connection between the Gulf of Mexico and the bayside waters of Pine Island Sound. Lee County plans to continue work this spring to deepen the pass. This will allow the salty ocean water to merge with the fresher […]

Sanibel real estate blog: January continues market upswing.

Friday, February 22nd, 2013

Just in from the Florida realtors website: Florida’s housing market  reported increased sales, higher median prices, more pending sales and continued shrinking inventory levels in January. STATEWIDE SINGLE FAMILY HOME SALES: 13679 for an 11.7% increase from the previous year STATEWIDE MEDIAN SALES PRICE for SINGLE FAMILY: $145,000 up 12.4 % from the previous year […]

Sanibel real estate blog:Lot sales are up!

Wednesday, January 30th, 2013

Sanibel  lot sales are up and what does that mean to Sanibel real estate. ? When we had a huge inventory of homes you were much better off buying an existing home and doing a remodel.Our inventory has been dwindling over the years and now it has become more practical to build a new home. […]

Sanibel real estate blog: RE/MAX founder gives 2013 real estate predictions

Thursday, January 24th, 2013

Dave Liniger ( RE/MAX co- founder)  recently revealed his top 10 real estate predictions for 2013. Here they are:   1. More Homebuyers and Sellers come back to the market 2. Homes sales will rise by 6-7% and prices rise by 3-4% 3. The inventory of homes for sale will hit a bottom 4. Higher-priced […]

Sanibel real estate blog: The “fiscal cliff” and real estate

Friday, January 4th, 2013

ON Jan. 1, 2013, the House and Senate passed legislation to avert  the “fiscal cliff”. Obama signed this into law on the Jan. 2 and there are some things real estate professionals should be aware of: Deductions for mortgage insurance premiums for filers  making below $110,000 is extended through 2013. The Mortgage Forgiveness Debt Relief […]

Sanibel Real Estate Blog:MARKET WATCH 2013

Wednesday, December 19th, 2012

The date for the 2013 MARKET WATCH has just be announced. Want to learn more about area real estate, including commercial, residential? This seminar provides key info and vital data for buyers,sellers or just interested dabblers in the market.Find out what the experts have to say about where we are headed in 2013. IT will […]