The Conference Board Consumer Confidence Index, which improved in June, increased again in July. The Index now stands at 90.9, up from 86.4 the month before. The Present Situation Index increased to 88.3 from 86.3, while the Expectations Index that gauges attitudes about Continue Reading
RealtyTrac: Home prices up 13% due to high-end sales
In RealtyTrac's May 2014 Residential & Foreclosure Sales Report, U.S. residential properties – single family homes, condominiums and townhomes – sold at roughly the same rate as they did one month earlier and less than 1 percent higher year-to-year. However, total sales Continue Reading
Woodring property acquired by ‘Ding’ Darling, Lee County
The "Ding" Darling Wildlife Society and Lee County announced on March 17 that Sanibel Island's historic 6.5-acre Woodring property had been acquired through a collaborative venture to conserve the local environment. The property was purchased for $3 million with funds from 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
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
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
John R. Wood Island Real Estate Celebrates the Holidays and a Successful 2013
With a perfect beach day out on Captiva, even a dredging pipeline couldn’t damper the celebration of the owners, staff, and agents at John R. Wood Island Real Estate. Their annual Christmas party, held at the Captiva Island Yacht Club, always features a Gulf beach cocktail Continue Reading
Foreclosures Drop in Collier and Lee Counties
RealtyTrac released its foreclosure report for November 2013. This report found that foreclosures decreased in both Collier and Lee Counties. The numbers are: Collier County filings totaled 256, down 39.19 percent from October and 49 percent from November 2012 In Lee Continue Reading
