Sanibel Real Estate Blog: Chuck’s update

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.

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