Sanibel Real Estate Blog: A Note From Chuck

June 14th, 2016

Chuck has been reviewing the  Sanibel real estate stats as of this week and he has this to say:

Compared to this time last year our closed sales are down 21%. Home sales are down 23% and condos are down 13%. Our listing inventory is up 9% since January 1 and that is partly due to the slow sales activity.

The good news is that the median sales price for both homes and condos is up 8%. With smaller inventories and good comp sales, sellers are staying closer to their asking price than previous years.

Call Chuck Andrews to review the Sanibel real estate market anytime or check out our listings at


Sanibel Real Estate Blog: RATE HIKE?

June 8th, 2016

This information reprinted from the USA TODAY: Federal Reserve Chair Janet Yellen on Monday sketched a generally positive picture of the economy and labor market, saying Friday’s dismal jobs report was “concerning,” but policymakers still plan to gradually raise interest rates.

She did not specify whether a rate hike at the Fed’s June 14-15 meeting was still feasible, but financial markets are giving less than 5 percent odds of such a move, and Yellen said nothing to alter that view. She also didn’t tip her hand on the likelihood of a July rate increase, though fed fund futures say the chances are 27 percent, down from 31 percent before the speech.

Generally, however, Yellen emphasized the labor market’s cumulative progress and voiced only measured concern about Friday’s report, which revealed that just 38,000 jobs were added in May, a nearly six-year low. The Labor Department also revised down its estimates of April employment additions to 123,000.

“Although this recent labor market report was, on balance, concerning, let me emphasize that one should never attach too much significance to any single monthly report,” Yellen said in a speech at the World Affairs Council of Philadelphia. She noted that other key labor market indicators, such as initial jobless claims, remain low.

Yellen pointed out the economy added an average 230,000 jobs a month in 2015, and the unemployment rate has fallen to 5 percent from 10 percent in 2009.

Meanwhile, she said, wage growth is picking up, the pace of job openings hit a record high in March, and the number of Americans switching jobs is near prerecession levels.

“If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate,” she said.

But she didn’t provide a timetable, a retreat from her remarks in late May that a favorable economy likely would lead to a rate increase “in coming months.”

“Recent signs of a slowdown in job creation bear close watching,” she said.

“Unfortunately, as I noted earlier, new questions about the economic outlook have been raised by the recent labor market data,” Yellen said. “Is the markedly reduced pace of hiring in April and May a harbinger of a persistent slowdown in the broader economy? Or will monthly payroll gains move up toward the solid pace they maintained early this year and 2015?”

Some economists have said the Fed likely will want to see at least two solid employment reports before lifting rates.

Yellen’s mixed assessment probably means a July rate hike is still on the table but economic data “will likely need to bat a thousand for that to occur,” economist Michael Feroli of JPMorgan Chase says.

Time to buy Sanibel real estate before a possible rate hike? Check out our listings at or give us a call to discuss Sanibel real estate anytime!

Sanibel Real Estate Blog: April Stats

May 26th, 2016

April was another month of fewer closed sales in the Lee County housing market. IN April, there were 1216 closed single family home sales compared to 1325 last year. Condos were down as well with 699 condos sold compared to 774 last year.

Prices however, continue to rise. The median price for  a single family home in April was up to $235,000, almost 5% more than last year at this time. Condos fared even better with 10% jump over last year to $192,500.

Time to jump in the Sanibel real estate market? Check out all Sanibel real estate  listings at or give us a call to discuss the market anytime!

Sanibel Real Estate Blog: 30 Million Visitors!

May 18th, 2016

Statewide, Florida smashed its first-quarter visitor record, welcoming an estimated 29.8 million tourists in the first quarter of 2016. That’s a 4.8% increase in 2015 (the previous record).

We say, ” C’mon down!” And if a visit to the area entices you to check out Sanibel real estate: visit our website for Sanibel real estate listing or give us a call to discuss Sanibel real estateBeach anytime at 239-849-3396.


Sanibel Real Estate Blog: Sanibel SMASH!

May 11th, 2016

The biggest recorded sale in Sanibel Island history just happened at 3421 West Gulf Drive for $6.837  million. That tops every single-family home ever for sale on Sanibel.

This home is very unique, built in 2007 by the Wolter Group and checks in at 5534 sq. ft. Of course it is right on the Gulf of Mexico with a gorgeous infinity pool.

WE have more! If it is time for you to get in on the Sanibel real estate action, give us a call at 239-849-3396 or check out our website at for all of the Sanibel real estate listings.

Sanibel Real Estate Blog: Average Hurricane Season Expected

May 5th, 2016

The Colorado State University hurricane researchers are predicting a near -average season as we begin 2016 season on June 1.

They are predicting 12 named storms- of those they predict five to become hurricanes and 2 to reach major hurricane strength with sustained winds of 111 mph or greater.

They will issue updates on June 1.

Sounds like a  very unscary hurricane year coming up- maybe time to think about Sanibel real estate. Check out our listings at or give us a call to discuss  Sanibel real estate anytime.

Sanibel Real Estate Blog: Oops, sales down.

April 27th, 2016

The number of sales reported in the Sanibel MLS is down 28% from this time last year. We feel this is partly due to record low inventory (down 25%!) from the last two year average. There has been  a slight increase in median prices, so the market is seemingly back to normal.

If the Sanibel real estate market is on your hit list- check out our listings at or give us a call to discuss anytime- 239-849-3396.

Sanibel Real Estate Blog: Redesigned

April 21st, 2016

The bold new has been completely redesigned, refreshed and re-engineered to create a user experience home owners and buyers will love. Visitors to the site will find streamlined navigation, robust search functionality and a mobile-responsive experience. The increased engagement by consumers will result in more leads generated for agents over time.

“All of the enhancements to the site will impact brokerages in a very positive way,” said Tim Drouillard, RE/MAX Senior Vice President of Information Technology. “We’ve built something with a dynamic design, that’s instantly engaging and versatile enough to keep up with today’s fast-paced tech world.”

The new site fully promotes the global, luxury and commercial brands, making it the one-stop shop for customers searching real estate online. Specifically designed with SEO best practices in mind, is now easier than ever for consumers to find. And its up-to-date listing information, as well as relevant content on the social-friendly blog, will have people returning to the site again and again.

“The new site has made searching for a home a stress-free, and even fun, experience,” Droulliard said. “And when consumers are ready to leap from browsing to buying, we’ve made it easy to get in touch with a RE/MAX agent to help.”

The new is now live! Be sure to check out all of the new updates for your Sanibel real estate! You can always check out our Sanibel real estate listings at too!

Sanibel Real Estate Blog: Downtown!

April 15th, 2016

Wow, this is new: Sanibel will have a new downtown hub with construction beginning in 2017. The new hub will include a performance hall, theater and learning center. The City of Sanibel government has donated 25 acres of land located near the Sanibel Public Library. Pretty exciting stuff!

Sanibel real estate sales continue to hum along too. If you have an interest in Sanibel real estate, you can check out our listings at or give us a call at 239-849-3396.

Sanibel Real Estate: Beer in the Bushes

April 7th, 2016

We will take our beer anywhere we can get it-and the bushes sounds just fine, especially when the venue is SCCF’s Nature Center while not only enjoying fine craft beer but also live music, dancing & food truck offerings. It is happening this Saturday, April 9 from 6-10. It is a rain or shine event and tickets are $70.

This year’s entertainer is Kermit Ruffins & the BBQ Swingers, a New Orleans Jazz band.

The fundraiser helps support SCCF’s  mission of conserving coastal habitats and aquatic resources on Sanibel & Captiva.

If thoughts of Sanibel real estate ownership enter your mind  while attending the Beer in the Bushes bash, check out Sanibel real estate listings at our website: or give us a call to discuss the Sanibel real estate market anytime.