Sanibel Real Estate Blog: You love Realtors!

November 12th, 2015

The National Association of Realtors®‘ (NAR) 2015 Profile of Home Buyers and Sellers indicates that 89 percent of sellers used real estate agents this year – an increase from 88 percent in 2014.

Meanwhile, 87 percent of buyers used real estate agents, one-percentage point lower than last year.

NAR and real estate professionals attribute the increased demand for agents in the digital era to a variety of factors, including:

  • Supply shortfalls. A lack of inventory makes home buying competitive, which prompts buyers to turn to agents for the inside scoop on homes coming to market and, when they do, to quickly write offers.
  • Data overload. Consumers also need agents to weed through vast amounts of data, when the info available online is often old or inaccurate.
  • Complex steps. The buying-selling process is now more complex, with longer contracts. More and more consumers start to realize that agents are better equipped to handle them.
  • Earlier connections. Real estate websites and online ads have contributed to the increase in demand for property professionals by helping consumers connect with agents earlier in the process.

If you need help navigating the Sanibel real estate market, check out our website at www.chuckandrews.com for new listing info or give us a call and let us do the Sanibel real estate search!

Sanibel Real Estate: Cape Coral rocks!

November 6th, 2015

To determine America’s best cities to live in, 24/7 Wall St. reviewed data on the 550 U.S. cities with populations of 65,000 or more as measured by the U.S. Census Bureau. Based on a range of variables, including crime rates, employment growth, access to restaurants and attractions, educational attainment, and housing affordability, 24/7 Wall St. identified America’s 50 Best Cities to Live.

According to 24/7 Wall St.:

Cape Coral, a city on Florida’s Gulf coast, is one of the best places to livein the country. One of the biggest draws to the city of roughly 170,000 people — apart from the beach-lined coast — is the city’s economic expansion. Between 2012 and 2014, employment grew by more than 10%, the fifth-largest growth of any U.S. city. Cape Coral’s violent crime rate is also half that of the national average violent crime rate of 366 incidents per 100,000 people. Though the cost of living is about 3% higher that it is nationally, the city’s poverty rate of 12.5% is lower than the national rate of 15.5%.

Sanibel is just around the corner and one of the premier beach locations in the area. If your Cape Coral venture finds you nearby and thinking of Sanibel real estate check out our website at www.chuckandrews.com or give us a call at 239-849-3396 to discuss Sanibel real estate.

Sanibel Real Estate Blog: Sept. home prices up for LEE

October 27th, 2015

Home prices soared in Lee and Collier counties in September, according to the latest stats number from our local real estate board.

In Lee County, the median price of a single-family home sold with the assistance of a Realtor increased 20.9 % from $175,000 to $211,578 between July 2014 and July 2015. Collier County saw an 18% increase from $318,000 to $375,000 in the same time period.

And how are we making out on Sanibel real estate? Year to date closed sales are up over 15% from 2014. There are only 8 homes for sale under $500,000. If you want to jump into the Sanibel real estate market, check out our listings at www.chuckandrews.com or give us a call to discuss the market anytime!

Sanibel Real Estate Blog: “Ding” Darling Days are Here Again!

October 19th, 2015

Ding Darling Days are back 10/18-10/25 at the Wildlife Refuge. There is the big 139th birthday celebration of Jay Norwood “Ding” Darling on 10/21 with free birthday cake for all.  Come and find out what the wildlife refuge is all about with all kind of special events this week: learn how to paddle board, do a sunset kayak tour,  or take a sealife and nature cruise. Find out why the Islanders love the refuge! The website has a full list of activities at www.dingdarlingsociety.org.

If a trip to Sanibel brings thoughts of Sanibel real estate ownership, check out our website at www.chuckandrews.com or give Chuck a call at 239-849-3396 for more info about Sanibel real estate.

Sanibel Real Estate Blog: CABBAGE KEY

October 12th, 2015

Cabbage Key Inn made the list of “super-remote getaways” from across the globe on oyster.com ( a website that hires investigators to stay incognito at hotels and evaluate them).


Cabbage Key is described on the website as a mid-range property offering 6 quaint rooms and 8 cottages on a beautiful, secluded island that is only reachable by boat. The 100-acre island is filled with nature trails and lush flora and fauna, as well as an on-site marina.

Cabbage Key is described by locals as a great place to stop for a rum punch and a burger while boating in the Gulf of Mexico.

If a trip to Cabbage Key has you thinking of Sanibel real estate, check out our website at www.chuckandrews.com or give Chuck Andrews a call at 239-849-3396 to discuss Sanibel real estate.

Sanibel Real Estate Blog: Farmer’s Markets reopen

September 30th, 2015

WE must be getting closer to season…. the markets are opening! Don’t miss out on all of weekly markets: Lakes Park opens Friday, Oct 2 and will be open every Friday, Florida Southwestern College will have weekly Saturday markets beginning  Oct 3.

Offerings include fresh local produce, cheeses, fresh pastas, seafood, baked breads, meats, herbs, organic veggies, flowers, soaps and even ready to eat meals.

Look for an announcement of the Farmer’s Market opening day on Sanibel, coming soon.

If traveling to the market bring thoughts of Sanibel real estate, check out our site at www.chuckandrews.com or give us a call anytime to discuss the market. 239-849-3396.

Sanibel Real Estate Blog: August Stats

September 23rd, 2015

The new stats for August sales are in and the median sales price continues to increase. Compared to August 2014, there was a 12% increase. The August median sale price was $ 205,000. ($182,500 last year).

The big story was on Ft. Myers Beach:  there was 60% increase in closed sales over last August.

We are still lacking in inventory, and so we saw 1025 closed sales in all of Lee for August, compared to 1039 last August.

If you have an interest in Sanibel real estate, or FT. Myers area real estate, give us a call or check out all area listings at www.chuckandrews.com

 

Sanibel Real Estate Blog: SONGWRITER FEST!

September 17th, 2015

Don’t miss out on the second annual Island Hopper Songwriter Fest taking place today through Sept. 27. The lineup includes some of Nashville’s biggest hitmakers with 70 performers, 138 performances and 24 venues.
In addition to performances on Captiva and Ft. Myers beach, downtown Ft. Myers has been added as a venue. Kristian Bush, Jana Kramer and LOCASH will be some of the performers. For a full list of performances, check out www.Islandhopperfest.com.

If your trip to beaches find you wondering about Sanibel real estate, check out our listings at www.chuckandrews.com or give us a call for an update on Sanibel real estate.

Sanibel Real Estate blog: PETS

September 10th, 2015

We love our pets- but how do you deal when you are trying to sell a home:

 

  • Clean the entire house, especially rugs or carpeting, before putting the home on the market. It may mean calling in professionals – and don’t forget air vents.
  • Once the house is clean, keep it that way.
  • Pet owners often don’t notice the odors caused by animals, so ask a Realtor or friend if they can smell anything.
  • If animals have urinated in the house, replace the affected carpeting or flooring, and eliminate the odor at its source.
  • Ideally, pets should be removed from the home while the house is on the market. If impractical, take pets out during showings or keep them confined in a small room or crate.
  • Safety is the major reason to remove pets from the home during showings,” said saysDavid Scott of RE/MAX Valley Realtors in Illinois, who says he once was attacked by a dog at a property he was showing. “Pet owners usually think their animals are harmless, but accidents do happen, and both homeowners and brokers could have legal liability.”

Pets can also be a distraction. Some people are phobic about animals. Others adore them. Either group can have a hard time ignoring a pet wandering around a home, and 15 minutes playing with a cat takes time away from viewing the home.

If you have some Sanibel real estate to sell, pets or not, give Chuck Andrews a call at 239-849-3396 or check out our website for current listings at www.chuckandrews.com

Sanibel Real Estate blog:Healthy Market!

August 18th, 2015

An  interesting article in the 8/15 Fort Myers News-Press, for all of you interested in buying or selling Sanibel real estate.

Lee County sales were up more than 9 percent as compared to the same time last year. Collier’s sales were down slightly. The two factors that contribute to Lee’s performance are affordability and inventory. The median sales price in Collier is $423,000 as compared to $218,000 in Lee County.

Obviously there are more $200,000 buyers than $400,000 ones, so this should drive inventory down and prices up. That is what is happening in Lee as inventory is down almost 16 percent and the quarterly median price is up 9.6 percent. Collier’s inventory is down less than 2 percent and the median price has risen a modest 4 percent. Naples hasn’t lost its luster, just its affordability.

Sales for condominiums are down slightly in both counties.

The most newsworthy event is that the quarterly median sales price in Lee County has finally passed the $200,000 mark. That’s impressive considering the median was only $143,000 for the second quarter in 2013. Interestingly, Collier’s median price in 2012 was $275,000, 25 percent higher than Lee’s current median price.

Luxury, ultra luxury continue improvement

The Lee County luxury market ($1 million-$5 million) saw an impressive 24 percent increase in closed sales during the second quarter and Collier County had a 7 percent reduction in closings in the same price and time range. However in the ultra luxury market, which are homes sold over $5 million, Collier had a 47 percent increase and Lee County had no change.

The most improved segment

The move-up market segments, which are the price ranges above $300,000, were the most improved in Lee County during the second quarter. Specifically, the $300,000-$500,000 was up 19 percent, the $500,000 to $1 million was up 25 percent and the million dollar plus market was up 23 percent. There were 346 closed single-family homes last quarter in the price range of $500,000 to $1 million. In fact there were more homes sold in that price range in Lee County then in Collier. Collier’s percentage changes were +17 percent, +7 percent and -3 percent respectively.

In spite of Collier’s improvement in the ultra luxury segment, there were fewer homes sold between $1 million to $5 million during the second quarter this year versus last year. This may be because that buyer moved their purchase into Lee County or decided to take advantage of the many new home choices that now exist.

Conclusion

The health of the residential market is as good as I’ve seen it in more than a decade. Supply, but not too much, price growth, but not too fast, and investors, but not too many. Our market, which used to be a four-month selling season, has turned into a 12-month selling season. I expect this to continue as long as the sellers from our feeder markets continue to reap the benefits of their improving market.

If it is time for you to hop in (or out) of the Sanibel real estate market, check out our listing at www.chuckandrews.com or give us a call at 239-849-3396.