Sanibel Real Estate Market Update: Whatever it is you do to enjoy the outdoors, you can do it more often here, with the exception of sports that you have to wear a jacket. Our tropical warmth on Sanibel Island makes our piece of paradise, just that… paradise. If you have a choice, which many living up north do, plans will be made soon to do what it takes to own down here. With record cold, I expect an increase of pended sales over last year at least thru the first 5 months. I expect overall sales to be up around 5%
The national economy, the new Tax laws that favor states with low taxes, spending on vacations is doing well, Tourists are renting in record numbers and are helping owners cover costs. A Real Estate Professionals job is easy.… find a place in Florida that allow you to be you. (Southwest Florida) The second The decision is to find your own place to lay your head at night. (This is what we do)
The Southwest Florida market can sometimes shift quickly from a balanced state to one that favors the buyer or seller, depending upon the dynamics that change. If inventory continues to decrease, and buyer demand remains strong, it could shift to favor sellers and push prices higher. Alternatively, if inventory remains stable or grows and buyer demand decreases, the shift could favor buyers. The outlook for 2018 is for the market to continue the stable trend of the past two years, with moderate price appreciation and an ample supply of product from which buyers can choose.
The Richter Scale
Often I will get asked, How is the Real Estate market? I’ve tried to quantify it by giving it a number, so you’ll know. So like a typical grading scale 0-100 like in school. Here is where we are: The Richter Scale number is…
Jay has been an SW Florida Broker for 22 years, working with agents in the field daily, evaluating the market, national economy, listing prices, absorption, interest rates, confidence, general business, financial markets, and sales.