Robert Coscia & Sandy Ramseth are Realtors with SanCap One Source Realty and are known for their expertise in Sanibel-Captiva Real Estate. 

Great Real Estate News!

If you are considering buying Real Estate here on Sanibel or Captiva there is NOW some really GOOD NEWS for Us in FL!

Florida in TOP FIVE for home price appreciation!

Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO.

CoreLogic’s latest home price index, which includes distressed sales, shows a slight month-over-month nationwide increase of 0.6 percent in home prices from February to March. But some markets are seeing much more of a price boost this spring, including Florida, which ranked No. 5 overall for home price increases.

“This spring, the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices,” says Mark Fleming, CoreLogic’s chief economist. “Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”

States with highest appreciation

According to CoreLogic, the following states had the highest appreciation in March (this includes distressed sales):

• Wyoming: +5.9%

• West Virginia: +5.3%

• Arizona: +5.1%

• North Dakota: +4.7%

• Florida: +4.5%

Meanwhile, the states with the greatest depreciation, when also figuring in distressed sales, are:

• Delaware: -10.6%

• Illinois: -8.3%

• Alabama: -8%

• Georgia: -7.3%

• Nevada: -5.8%

Source: Melissa Dittmann Tracey, Realtor® Magazine Daily News

© 2012 Florida Realtors®

So you know what this means? The GREAT price DEALS on Sanibel will not last forever. Call us if you’re thinking about making that move to Sanibel…there’s no better time than now!!!

 

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Robert Coscia & Sandy Ramseth Broker/REALTORS/Owners
SanCap One Source Realty
695 Tarpon Bay Road, Suite 14
Sanibel, FL 33957