Archive for the ‘Sanibel Real Estate’ Category

SANIBEL REAL ESTATE BLOG: VOTE YES ON AMENDMENT 2

Thursday, May 17th, 2018

   Amendment 2, the proposed amendment this November  would extend a current 10 percent cap on annual increases in assessed values of non-homestead properties – a cap that voters approved in 2008. Florida Realtors and www.chuckandrews.com  supports Amendment 2! Visit the “Amendment 2 – Good for All Floridians” website for more information on the campaign […]

SANIBEL REAL ESTATE BLOG: SOME MARCH STATS

Monday, May 7th, 2018

March was  a great month in Lee County home sales with closed sales for single family homes running at 1281, compared to 912 the previous month. Median sales price for single family homes stays on a positive track as well with the median sales price up 2%- we are now at $260,000 for median sale […]

SANIBEL REAL ESTATE BLOG: MORTGAGE INTEREST RATES RISING

Friday, April 27th, 2018

Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers’ prospects amid the spring buying season. It was the third straight week of increases for long-term mortgage rates. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped […]

Sanibel Real Estate Blog: A Few Quick Stats

Monday, April 2nd, 2018

Just a quick recap of Sanibel real estate stats as of April Fool’ s Day (and it’s not a joke!): we are on the same pace as 2017 for closed sales. Home sales lead the way with an increase in median sales price of 18%. Inventory is down a bit for 2017 but half of […]

Sanibel Real Estate Blog: February STATS

Thursday, March 22nd, 2018

Closed sales, median salesprice, and active listings saw a positive increase in the month of February in Lee County. The number of closed sales for single family homes was up more that 10% year over year with 912 closed sales compared to 824 last year. Condos were up even more- 16.7% or 511 closed sales […]

Sanibel Real Estate Blog: Rates Creeping Up

Tuesday, March 6th, 2018

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.43 percent this week from 4.40 percent last week. The new average for the benchmark rate is the highest since January 2014. The 30-year rate stood at 4.10 percent a year ago. Will they continue to climb?? Buy your […]

Sanibel Real Estate Blog: Confusing New Tax Laws

Friday, February 23rd, 2018

Yes, if you are purchasing Sanibel real estate you will want to be current on the new tax laws. Everything on the changes can be found at Tax Reform page on IRS.gov. And when you have read up on everything, consulted with your accountant and are ready to make a purchase, Chuck & Kimberley Andrews […]

Sanibel Real Estate Blog: FAST GROWTH TRACK For Florida

Tuesday, February 6th, 2018

Out of the 50 U.S. states, eight had populations that grew by more than 1.6 percent in 2016. Many of the fastest-growing states tend to have affordable, midsize cities with quality school systems, and low unemployment, reports 24/7 Wall St., a financial news site. AND here is Florida in #4 Position:   4. Florida 1-year […]

Sanibel Real Estate Blog: STATE of the UNION Housing Address

Thursday, February 1st, 2018

Realtor.com recently released its own “State of the Housing Union” and according to the analysis, strong buyer demand, constrained inventory, and ready-to-buy- first timers are the key drivers in the current market. Realtors know that housing drivers are local and it’s always best to seek professional advice if you are buying or selling. If you […]

Sanibel Real Estate Blog: Some Year-End Stats

Tuesday, January 23rd, 2018

Here are some 2017 year-end stats taken from the Sanibel Real Estate Board:  The median sales price of homes was up 7.9% in 2016 due to a very active 2015. But 2017 prices seemed to have “flat- lined”. Condo prices were up about 7%  IN 2017. They were hit hardest in the “crisis”, so it’s […]