Category Archives: Real Estate

Mortgage Rate Comparison

Mortgage Rates Through the Years Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $200,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac. 1970s Average 30-year fixed-rate mortgage: 8.86% Approximate payment on a $200,000 mortgage: $1,589 1980s Average 30-year fixed-rate mortgage: 12.70%... Read More »

Sanibel Real Estate Stats

Here are Sales statistics for the period January 1st – February 21st 2014: 29 houses closed with 40 under contract. There was a 26% decrease in the average sale price compared to 2006. 10 condos closed with 23 under contract. There was a 23% decrease in the average sale price compared to 2006. 2 lots closed with 7 under contract.... Read More »

Sanibel and Captiva Real Estate

Interest Rates are a full percent higher than this time last year and interest rates for 30-year fixed-rate mortgages are predicted to rise in 2014. If you have been sitting on the fence waiting to jump into our market, don’t wait any longer. Give me a call! Read More »

Financial Reasons to Buy a Home

This link will take you to an excerpt from a Harvard study on home ownership.  Good argument for why it is often better to buy than rent. Read More »

Sanibel Island

 Don’t you wish you were here?! Another day in paradise…. Read More »

Updated Sanibel Real Estate Stats

As of 11/16/13: There were 184 home sales closed with an average price of $926,134 which is up +12.14% from 2012 and down 19.05% from 2006. There were 181 homes sold in all of 2012. For Condos 150 have sold so far with an average selling price of  $568,922.  This is up 1.73% from 2012 and down 34.38% from 2006. In comparison 146 condos sold... Read More »

Updated Sanibel Real Estate Stats

Both the houses and condo sales numbers are doing well so far this year.  The average and median sales prices for both are ahead of 2012. Houses 2012 – 181 closed sales with average sale price of $825,837 and median price of $560,000 Houses 2013 YTD – 176 closed sales with average sale price of $926,274 and median price of $647,500; 10 more... Read More »

VIP Realty Voted #1

For the second year in a row, VIP Realty Group has been voted the best Real Estate Agency on the Islands.   I have been with VIP since April 1990 and it is a great group of dedicated and friendly people.  Thanks to all who voted for us. Read More »

The Cost of a Home

The following article is from the KCM Blog on august 26,2013. very interesting stats: The cost of a home is determined mainly by two components: price and mortgage rate. Today, we want to show how the monthly cost of purchasing a median priced home has changed over the last twelve months and how it might change over the next twelve... Read More »

Coastal Cleanup

Mark your calendars for Saturday, September 21 for international coastal clean up day.  If you are on Sanibel, go to SCCF between 9:00 and noon and pick up your trash bags and assigned area.  Lunch and snacks will be provided by Baileys on the Nature Center porch.  This is a great way to help remove coastal trash that can harm our... Read More »