U.S. construction spending showed a tiny increase in January as strength in housing helped to offset declines in nonresidential building and government projects. The Commerce Department says construction spending edged up 0.1 percent in January, significantly slower than Continue Reading
Things to Do on Sanibel & Captiva Island this Weekend: February 22 & 23, 2014
Looking for something to do the weekend on the Islands? Below are a few events happening around town. For additional information go to the Sanibel Chamber of commerce: www.sanibel-captiva.org Feb 22 Defamation - The Play, by Todd Continue Reading
Jumbo loans loom large in luxury housing
NEW YORK – Feb. 17, 2014 – Jumbo mortgages are providing the housing market recovery with a boost, according to industry experts. Buyers looking at luxury properties currently can obtain jumbo mortgages with interest rates that are on par with – and sometimes even lower than Continue Reading
See our Featured properties in the Islander Newspaper: Sanibel Island Real Estate
Our wrap advertising wrap around the Island newspaper is out tomorrow but you can see it first here. Please CONTACT US or the AGENT for more information on any of these or any other Southwest Florida Property. Continue Reading
Why did the Egret cross Periwinkle Way?
One reason for traffic back up on Periwinkle Way is to give way to the many other island residents we have. Here's an egret crossing the road with our nature loving locals and guests letting him cross. Gotta love Sanibel Island! Continue Reading
Closed Sales Year to Date
Address Sale Price Sale Date GULFSIDE PLACE 319 $1,145,000 3/17/14 SANDALFOOT 1A1 $630,000 1/7/14 4724 Rue Belle Mer $615,000 1/9/14 4954 Joewood Dr $365,000 1/10/14 960/964 PALM ST $450,000 1/13/14 775 LIMPET DR $1,500,000 1/13/14 4515 BOWEN BAYOU Continue Reading
Canadians looking in Fla. told it’s time to buy
TORONTO, Canada – Feb. 10, 2014 – The epic beach party might not be over yet, but the economic tides are starting to inch a little closer for aspiring Canadian snowbirds. A pair of concurrent trends over the last year have chipped away at the historic buying power Canadians Continue Reading
Sanibel Library Celebrates 20 Years on the Island
The Sanibel Public Library is celebrating its 20th Anniversary at its current location. There will be music and light refreshments inside the library's lobby on Jan. 23 from 2-4 p.m. It has earned recognition for its stellar service and importance to the community. Library Continue Reading
Florida amendment to secure conservation funds makes it to 2014 ballot
Voters will decide this fall whether a 20-year-old conservation trust fund should be closed to the Legislature's prying hands. Florida's Water and Land Legacy was the state non-profit organization that collected 696,294 valid signatures as of Jan. 23 to put the amendment Continue Reading
Baby boomers set sights on multifamily housing
NEW YORK – Jan. 21, 2014 – The aging of the nation’s Baby Boomer population could reshape the United States’ residential real estate market – and economy – in the coming years. As members of this demographic get older, many will move out of the houses where they raised Continue Reading
Study: U.S. has most of world’s affordable markets
WASHINGTON – Jan. 24, 2014 – The U.S. has the most major markets in the world where buying property is considered affordable, according to the Demographia International Housing Affordability Study, an analysis of 360 cities in nine countries. Pittsburgh leads the pack in Continue Reading
NAR: In 2013, U.S. prices hit ‘06 levels with sales up 9.1% – strongest in 7 years
WASHINGTON – Jan. 23, 2014 – Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to National Association of Realtors®’ (NAR) sales figures released today. Total existing-home Continue Reading
Fla. home sale prices up 11.4% year-to-year in Dec.
ORLANDO, Fla. – Jan. 23, 2014 – Florida’s housing market reported higher median prices, more new listings, fewer days on the market and the continued stabilization of inventory in December, according to the latest housing data released by Florida Realtors®. Closed sales of Continue Reading
Sanibel, Captiva, Fort Myers & Surrounding Areas: National Shadow Inventory at Lowest Level in 6 Years
CoreLogic states that the national shadow inventory — also often known as “pending supply” — dropped to the lowest level since August 2008, to 1.7 million homes and down 24 percent compared to levels just one year ago. The company estimates shadow inventory by the number of Continue Reading
John R. Wood Agents Welcome New Neighbor, Bennett’s Fresh Roast
One can only say, ”the much anticipated opening of Bennett’s Fresh Roast on Periwinkle Way was worth the wait.” Owners, Bob and Frankie have transformed the former office building and site into what will surely be one of Sanibels favorite breakfast and lunch Continue Reading
