Sanibel real estate blog: New home sales jump in October

More evidence of the housing market recovery: New home sales grew in October after a few lackluster months. Sales of new homes grew 25.4% to a seasonally adjusted annual rate of 444,000 the Commerce department reported this week. This is the largest monthly increase since May 1980.

Speaking of new home sales, there is a great new opportunity near Sanibel real estate, in what we call the Sanibel corridor. At the end of Winkler Road, just before the Estero Preserve is a new home community by Neal Communities called Coastal Key. I checked it out last week before the grand opening (this weekend Dec 6-8) and the homes are a “Key West” style with big front porches and funĀ  colors. Starting in the high $200,000’s– this project will do very well. We wish them luck! Give us a call at 239-935-9235, if you would like a tour of this new developmentĀ  or info on any real estate in the Sanibel corridor.

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