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.

Check out our listings at www.chuckandrews.com and get all of the scoop on Sanibel real estate

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