Sanibel real estate blog: Housing index up again

WOW! U. S. home prices rose 10.9 percent over the last year  AND (our you ready for this?) that’s the biggest increase since April 2006! That report comes from STANDARD & POORS/CASE-SHILLER home price index.The price index includes 20 cities around the nation. The biggest gains were found in Phoenix, San Francisco and Las Vegas- all over 20%.

 The report does not include Lee County- specifically Sanibel Island, Cape Coral and Fort Myers. I can report that locally the median price of a single family home in LEE County was $182,000 in April and that is up 29.8 % from one year earlier. The median price in Collier County is now $244,000- up 9.4% from $223,000 last year at this time. The actual number of homes sold was up in both counties too!

Buying or selling Sanibel real estate: check out our website at www.chuckandrews.com– or give us a call, we love to discuss the market.

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