Sanibel Real Estate Blog: MARKET WATCH 2014

The News-Press Market Watch took place this week and the presenters agreed that Southwest Florida is currently experiencing a relatively normal market. One stunning statistic: as of February 2014 there are only 490 homes valued at less than $100,000. In 2011, that number was 2312 and in 2009 it was 4220! You are going to have to work a little harder to find that below median piece of real estate in Southwest Florida now.

One of the residential real estate presenters, Denny Grimes, was quoted as saying, “2014 will usher in a rational boom for a least 5 years”. He says the retiring baby boomers will continue to fuel the area growth with attractive retirement because we offer water, warmth and a way of life.

All presenters agreed that financing is still difficult and Stouder said, ” why do they call it funding? There’s nothing fun about getting a loan today.” In fact, 65% of commercial deals in 2013 had no financing at all, meaning they were cash deals.

I think I like Randy Thibaut’s quote the best,” Predicting the future of where are home building industry’s going to go is like predicting where a hurricanes going to go.”

If this year’s Market Watch brings thoughts of Sanibel real estate ownership, give us a call at 239-849-3396 or check out our website with all Sanibel real estate listings at www.chuckandrews.com.

Beach

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