Archive for the ‘Market News’ Category

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, […]

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 […]