SANIBEL REAL ESTATE BLOG: VOTE YES ON AMENDMENT 2

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 or to get involved.

“If Amendment 2 fails to pass, it doesn’t mean that the cap is just no longer going to be in effect going forward,”  Kurt Wenner, TAXWATCH v.p.  said during a media event at the Florida Press Center. “It means that all of this property will suddenly be assessed at full value. This can be quite a big sticker shock when some people get their tax bills.”

Wenner said he expects that these potential tax increases would be passed along to renters and business customers, making the issue important whether someone owns property or not.

So let’s help our second home friends and neighbors owning Sanibel real estate this fall when it’s time to vote on Amendment 2.

 

SANIBEL REAL ESTATE BLOG: SOME MARCH STATS

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 price and were at $255,000 in March of 2017.

More closed sales on condos too selling 769 compared to 511 the previous month. Condos median price is down though bu 1.9% and sitting at $190,000.

Sanibel real estate continues to be popular combining beach life with small town living!  Call Chuck Andrews to check out your Sanibel real estate or check all of our area listings at www.chuckandrews.com

SANIBEL REAL ESTATE BLOG: MORTGAGE INTEREST RATES RISING

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 to 4.58 percent from 4.47 percent last week. By contrast, the benchmark rate averaged 4.03 percent a year ago.

If you are buying Sanibel real estate and looking for a mortgage- shop around, get a great rate and then come to see us about a purchase.

Check out Sanibel real estate listings at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime!

Sanibel Real Estate Blog: A Few Quick Stats

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 what it was in 2010.

Told you  it was a quick recap! Check out our website at www.chuckandrews.com for Sanibel real estate listings, or feel free to call or email anytime about what is happening in the Sanibel real estate market.

Sanibel Real Estate Blog: February STATS

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 compared to 438 in 2017. Median prices were up for both too, 2.1% for homes and 3.8% for condos. Sanibel Captiva recorded a 48% jump from 2017 for single family home sales.

Maybe time to jump into the Sanibel Real estate market! Check our website at www.chuckandrews.com for listings or give us a call to discuss the Sanibel real estate market!

Sanibel Real Estate Blog: Rates Creeping Up

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 now and avoid future hikes. 4.43 percent is still pretty darn good! Check out all of our area listings at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime. 

Sanibel Real Estate Blog: Confusing New Tax Laws

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 will be the ones to call for  all of your Fort Myers/ Sanibel real estate needs. Check out our listings at www.chuckandrews.com or give us a call to discuss the market anytime!

Sanibel Real Estate Blog: FAST GROWTH TRACK For Florida

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 population growth rate: 1.82%
  • Current population: 20.61 million
  • 2015 population: 20.24 million
  • 10-year population growth rate: 13.46%

Thinking of relocating to Florida and interested in Sanibel real estate? Check out our website at www.chuckandrews.com or give us a call to learn about our Southwest Florida market.

Sanibel Real Estate Blog: STATE of the UNION Housing Address

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 want to know the current Sanibel real estate drivers and conditions, give us a call anytime at 239-849-3396 or check out our website at www.chuckandrews.com  for up to the minute listings!

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.