Sanibel Real Estate Blog: Chuck’s update

May 31st, 2017

As of May 23rd, our Association of Realtors numbers tell us that we are on the same pace ( closed sales) as 2016 but still 23% lower than the banner year of 2015. Our market is healthy but not as robust.

Don’t believe everything you read in the papers about the real estate market. The Wall Street Journal reported on two occasions that ” we have rebounded to the levels of 2006″. While this may be true in some areas of the country it is not the case on Sanibel or Ft. Myers. In the USA today on May 31 an article stated that home prices have increased by 5% since last year and have done so for the past few years. I can tell you that is not the case in my neighborhood. While we have gotten a lot of back, we are not back to 2006 prices. I can cite many examples in residential neighborhoods where this is not the case.

If you would like more info on your Sanibel real estate– give us a call or check out our website at www.chuckandrews.com for all of Sanibel real estate listings.

Sanibel Real Estate Blog: Median Price Still Rising

May 25th, 2017

The statewide median sales price for single-family existing homes last month was $234,900, up 10.3 percent from the previous year, according to data from Florida Realtors research department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in April was $172,000, up 7.2 percent over the year-ago figure. April was the 65th month in a row that statewide median prices for both sectors rose year-over-year. The median is the midpoint; half the homes sold for more, half for less.

There you have it…. time to buy or sell   some Sanibel Real Estate— give Chuck Andrews a call at 239-849-3396. Or check out our website at www.chuckandrews.com for more info on all of Sanibel real estate.

Sanibel Real Estate Blog: What about Zillow

May 15th, 2017

As a real estate agent, I love that Zillow quickly gets my listings to the internet in yet another venue to find buyers. But it is a love-hate relationship as Zillow’s formula makes for many errors.  In fact. A homeowner has filed suit against  Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her home, creating a “tremendous road block” to its sale. She is asking that they remove or amend their “Zestimate” of her home. They have it at nearly $100,000 below her asking price and current neighborhood value.

If you have some Sanibel real estate that you would like to know the value of- trust your Sanibel real estate agent (or an appraiser) but use Zillow as only a rough guide. Check out our Sanibel real estate listings at www.chuckandrews.com or give Chuck Andrews a call at 239-849-3396 to discuss your home’s value anytime.

Sanibel Real Estate Blog: March Stats

April 28th, 2017

March was a good  month for home sales in Lee County. Everything was UP!! Closed sales, pending sales and best of all: the median sale  price.

The current median sales price in Lee County is $255,000 for a single family home. Last year at this time it was $225,000. Condos are up too at $193,600 compared to $172,500 at this time last year.

It’s good new but each  neighborhood has it’s own numbers and sales facts. If you are looking to buy or sell Sanibel real estate, check with the local experts about your specific neighborhood. Check out our listings on www.chuckandrews.com, you neighborhood may be featured.

Sanibel Real Estate Blog: Mortgage rates lowest in 2017

April 17th, 2017

Average 30-year mortgage rate falls to 2017 low: 4.08%
Long-term mortgage rates have been hard to track and even harder to predict this year. The FRM hit a 2017 high recently only to drop this week to a new 2017 low.

Maybe time to hop in on some Sanibel real estate. Check out our Sanibel real estate listings at www.chuckandrews.com or give us a call to discuss the market anytime. We have some excellent lenders that can match these low rates/

Sanibel Real Estate Blog: Florida Performs

March 29th, 2017

 

Fla. a top state when comparing taxes paid to services received

If ROI (return on investment) is applied to taxes, a WalletHub study ranks Florida. third in the nation for the value residents get from the state taxes they pay.

For the analysis, WalletHub says it used 23 metrics to compare the quality and efficiency of state-government services across five categories – education, health, safety, economy, and infrastructure and pollution. It then compared the services to the “drastically” different rates at which citizens are taxed in each state.

The complete report on the U.S. tax landscape, the Best & Worst Taxpayer Return on Investment in 2017, is available online.

In the overall rankings, Florida outshines most other states. It ranks third for overall ROI, and third for “total taxes per capita.” In education, it’s No. 17; for infrastructure and pollution it ranks at No. 21.

In the “overall government services” comparison, Florida ranks at No. 34.

 

If you want to take advantage of the Florida services, check out Sanibel real estate at our website, www.chuckandrews.com or give us a call for Sanibel real estate info anytime!

Sanibel Real Estate Blog: FLOCKING TO FLORIDA

March 24th, 2017

Lee, Collier and Charlotte Counties continue to hold top spots for  growth. Lee County was the fifth fastest -growing metro area by percentage from July 1, 2015-June 30, 2016, according to Census figures released this week.

Don’t miss out on your chance to own Sanibel real estate and be a part of this growing news. Check out our website at www.chuckandrews.com for Sanibel real estate listings or give us a call to check it out anytime.

Sanibel Real Estate Blog: Rates Rising

March 17th, 2017

30 year mortgage rates are definitely on the rise. This week’s rate is 4.3 compared to last week’s 4.1. Most bank experts think they will continue to rise.

If you want to get in on some Sanibel real estate before rising rates hit, check out our website for all of the Sanibel real estate listings or call us anytime for area info.

Sanibel Real Estate Blog: Buyer’s Market?

March 1st, 2017

The January stats give us a few bright spots: more closed sales than last year and the median price is up to $ 245,000 from $227,000.

Some of the numbers do indicate we are heading toward a buyer’s market: more inventory (active listings) and and fewer pending listings than this time last year.

Whatever the market, if you have an interest in Sanibel real estate, then check out our website at www.chuckandrews.com or give us a call to discuss the Sanibel real estate market anytime.

Sanibel Real Estate Blog: Don’t Forget Your Tax Deductions

February 22nd, 2017

OK, all of you that have purchased Sanibel real estate: Here are four Florida  deductions that you may be able to claim on your taxes this year:

1.Mortgage interest
The interest paid on a home loan is typically the largest potential deduction for middle-class. Also this for a second home: you can also deduct the mortgage interest on that, as long as it isn’t a rental property.

2. Points
If you recently purchased a home but paid “points” to the bank in order to get a better rate, that expense is tax deductible in the year you paid them.

3. Energy credits
If you did something that was energy efficient to your home, you may be able to claim that credit.

4. Casualty losses
If you suffered property damage and weren’t reimbursed by an insurance company for repairs, you may be eligible for a big deduction.
Check with your tax accountant for deductions!