by Gee Family Team | Apr 20, 2023 | Featured, John's Blog
Hurricane Ian struck Sanibel on September 28, 2022. Both Buyers and Sellers want to know how “Ian” affected real estate values on Sanibel 6 ½ months since “the event.” Let’s start with the inventory levels of single family homes prior to...
by Gee Family Team | Sep 21, 2022 | Featured, John's Blog
Let’s talk about the Fort Myers real estate market. Keep in mind, going back six months, the median sale price of a single family home on Sanibel was $1,412,500 and a condominium was $1,080,000. Combine this with many of our prospects who are working with a...
by Gee Family Team | Sep 20, 2022 | Featured, John's Blog
Let’s take a “snapshot” of today’s real estate market on Sanibel. For starters, our MLS inventory remains low at only 31 homes and 25 condos currently on the market. Going back 60 days, 24 homes closed with an average sales price of $1,600,208 and condos closed...
by Gee Family Team | Aug 12, 2022 | Featured, John's Blog
Suddenly we are into August and able to compare sales data to last summer. What was the market like one year ago?…….”HOT” characterized by multiple offers, inventories were decreasing and sales prices were rising at a rapid rate. During June and July in...
by Gee Family Team | Apr 2, 2022 | John's Blog
Each week, I find myself focusing on the limited number of homes and condos currently on the market. Combined with strong demand resulting in increased sales prices. As of “now” the trend appears to be the same. In “ordinary” markets most...
by Gee Family Team | Apr 1, 2022 | John's Blog
Local real estate market conditions continue to be characterized by multiple offers on new listings. For example, our office had three offers last week, all were cash transactions with short inspection periods and all were over the asking price. Existing resale...
