Sanibel Real Estate Blog: Some Year-End Stats

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 good to see them coming back.

The number of closed sales in 2017 was up 5%  over 2016 and we start the year with the same number of listings as we started in 2017.

If you would like some stats on your neighborhood, we are always happy to meet with you to discuss the current Sanibel real estate market. Give us a call at 239-849-3396.

Sanibel Real Estate Blog: NO Drilling!

January 11th, 2018

The Trump administration said Tuesday it would not allow oil drilling off the coast of Florida, abruptly reversing course under pressure from Republican Gov. Rick Scott.

Interior Secretary Ryan Zinke said after a brief meeting with Scott at the Tallahassee airport that drilling would be “off the table” when it comes to waters in the eastern Gulf of Mexico and the Atlantic Ocean off Florida.

The change of course – just five days after Zinke announced the offshore drilling plan – highlights the political importance of Florida, where President Donald Trump narrowly won the state’s 29 electoral votes in the 2016 election and has encouraged Scott to run for Senate.

This is great news for all of  Florida and for Sanibel! No reason not to look at Sanibel real estate now. Check out our listings at www.chuckandrews.com or give us call to discuss Sanibel real estate anytime.

Sanibel Real Estate Blog: Let’s End on a Good Note!

December 27th, 2017

Other than a little blip on the screen in September when Irma rolled through Southwest Florida, 2017 was a good real estate year. Most months so ever so slight increases in median price point as well as pending and closed sales.

The most recent info compiled for the state of Florida shows that we continue to track positive in November. Not only more closed sales but also more pending sales and rising median prices. IT’s a trend we like! The current median price in Florida is $240,000, that’s up 9.1% from the previous year.

For the lastest Sanibel real estate stats as well as all of Southwest Florida, drop us an email or give us a call. You can always check out the latest Sanibel real estate listings at www.chuckandrews.com

Sanibel Real Estate Blog: OPTIMISM!

December 19th, 2017

Hey, Sanibel real estate buyers:U.S. homebuilders are feeling more optimistic than they have in nearly two decades.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose five points to 74 this month. That’s the highest reading since July of 1999, more than 18 years ago.

If the time has come for your to research Sanibel real estate or any other Southwest Florida real estate, check out our website at www.chuckandrews.com or give us a call to get a list of area homebuilders.

Sanibel Real Estate Blog: Flood Insurance Update

December 6th, 2017

If you are under contract to buy a home, better get your flood insurance lined up before Dec. 8. The National Flood Insurance Program expires then and if Congress doesn’t act there could be a lapse in this program.

Republicans proposed a spending deal that would keep this going until Dec. 22 on Monday but there is uncertainty on the program and it’s future.

Best to line it up now.

Sanibel real estate as most of Southwest Florida, does require flood insurance ( if you are getting a mortgage). If you are one of those looking, check out our listings at www.chuckandrews.com or give us a call to discuss the market anytime.

Sanibel Real Estate Blog: October Better Than September

November 22nd, 2017

Real estate activity was much better in September. Old Irma held us down a bit. Closed sales in October in LEE  County were down from last October 9.5% and condo sales were up 9.1%. The median value of a single family home continues to creep up at $240,000- that’s 6.7% higher than last October at $225,000. Condo median value is down just a touch at $178,000- it was $181,000 last year.

We can help with all questions on Sanibel real estate or you can check out our listings at www.chuckandrews.com. Give us a call to discuss the market anytime!

Sanibel Real Estate Blog: NAR Applauds Flood Bill Passage

November 16th, 2017

According to NAR, H.R. 2874 authorizes $1B to elevate, buy or mitigate high-risk properties; caps premiums at $10K per year; opens up coverage to the private market; allows community flood maps and an appeal process; improves the claims process; and deals with properties that flood repeatedly. Originally to expire on Dec. 15th, this seems like good news.

This bill will help on Sanibel real estate owners. If you are looking for Sanibel real estate check out our website at www.chuckandrews.com or give us a call to discuss area real estate anytime.

Sanibel Real Estate Blog: SANIBEL Photo Contest

November 10th, 2017

It is that time of year again when R.S. Walsh Landscaping hold its’ monthly photo contest to celebrate Sanibel and Captiva. From December through April, you can submit photos each month for a chance to win a $50 gift certificate to R.S. Walsh IN the Garden. A  different theme will be featured each month and participants can submit up to 5 photos per month. For more information on submission visit rswalsh.com.

If you get an interest in Sanibel real estate while out shooting your photos, check out our listings at www.chuckandrews.com, or give us a call to discuss Sanibel real estate anytime!

Sanibel Real Estate Blog: Irma Not Good for Sales

October 23rd, 2017

Hurricane Irma, which made landfall in the Keys on Sept. 10 and continued up the state’s west coast, affected Florida’s housing market data in September, according to the latest housing data released by Florida Realtors®. Fewer sales, pending sales and new listings were reported, though median prices rose as a still-tight inventory of for-sale homes remained the norm in many areas. Sales of single-family homes statewide totaled 18,030 last month, down 20.4 percent compared to September 2016.

IN Lee County, pending sales were down 48% in September, but as we move through October it sure seems to be picking up! The phone is ringing and showings are happening.

If you have an interest in checking out Sanibel Real estate after this storm, give us a call or check out our website at www.chuckandrews.com.

Sanibel Real Estate blog: Farmer’s Market Return

October 11th, 2017

Get ready for some good local veggies, fruit, seafood and WAY more as the Sanibel Farmer’s Market has returned every Sunday. Come out and load up for the week or have a litte breakfast or lunch at the market. Come support our local economy.

If you get an interest about Sanibel real estate while visiting, give us a call or check out our website at www.chuckandrews.com.