Archive for the ‘Sanibel Real Estate’ Category

Sanibel Real Estate Blog: Kitchens Sell IT!

Wednesday, December 7th, 2016

  According to realtor.com, of all homes sold 69 percent of the listing descriptions highlight the kitchen as a selling point. Forty-nine percent mentioned the bedrooms and 35 percent highlighted the garage, the next two most popular. Kitchens sell it and Realtor.com surveyed which added most value and came up with: Custom cabinetry: 41% (the […]

Sanibel Real Estate Blog: Rising Interest Rates

Tuesday, November 29th, 2016

 Sanibel real estate buyers, listen up: long-term U.S. mortgage rates continued to surge last week after the recent election. Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate […]

Sanibel Real Estate Blog: Some Sanibel/Captiva Stats

Thursday, November 17th, 2016

Just updated stats on Sanibel real estate and we would like to share the results. As of Nov. 14, 2016: They have been 185 closed home sales and 142 closed condo sales. There are 22 pending home sales and 17 pending condo sales- most likely they will close before the end of year. That will […]

Sanibel Real Estate Blog: A ” Rational” Market

Wednesday, November 2nd, 2016

I am going to reference a News-Press article in this blog, because as an agent on the street living with the “stats” everyday, I can say it’s true! The News-Press reported in the business section that 2015 was the peak recovery year (agreed!), 2016 was the beginning of the market correction (agreed!), price growth will […]

Sanibel Real Estate Blog: Florida is Nearly Normal.

Thursday, October 27th, 2016

Just reprinted from the Florida Realtor Association: Fla. real estate market rapidly returning to ‘normal’ WASHINGTON – Oct. 26, 2016 – According to Freddie Mac, the nation’s housing market is almost back to normal or, in Freddie’s terms, “on the outer edge of its historic benchmark range of housing activity.” The study also found that […]

Sanibel Real Estate Blog: Florida Real Estate Stats for September

Friday, October 21st, 2016

Reprinted from the Florida Real Estate Board info: Florida’s housing market had more new listings, higher median prices and fewer all-cash closed sales in September, according to the latest housing data released by Florida Realtors®. Tight inventory continues to impact the state’s housing market, noted Florida Realtors Chief Economist Brad O’Connor. Closed sales of single-family […]

Sanibel Real Estate Blog: Median Price up a Bit

Friday, September 23rd, 2016

August stats for Lee County have just been released and the median price for a single family home is currently $225,000, up 11% from last August. There was also a huge jump in sales in the over one  mill category of 80% with 27 homes sold in that range this past month. Closed sales for […]

Sanibel Real Estate Blog: New-home sales climb

Wednesday, August 24th, 2016

The AP has just reported that Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years. Thank you to low mortgage rates! New-home sales jumped 12.4 % last month- the best jump since October 2007. The demand has eclipsed the pace of construction, just 4.3 months of […]

Sanibel Real Estate Blog: Floridians are Happy!

Wednesday, August 10th, 2016

HomeAdvisor surveyed 17,629 homeowners last spring across the country asking questions designed to see how happy they were in their homes. Florida ranked six in happiness only to be outranked by California, Washington, New Mexico, Colorado and Arkansas. The least happy states were Maryland, Indiana, New Jersey and Delaware. So c’mon get happy! Check out […]

Sanibel Real Estate Blog: Summer Doldrums!

Wednesday, August 3rd, 2016

IN spite of being the hottest summer we can recall, the real market has cooled off a bit since 2015. Still healthy- just not robust! At this point in the summer, closed sales are down 25% year to date. With 261 closed sales so far this year we are only about half way to the […]