Team Petel
What happens on Sanibel & Captiva is broadcast on The Coconut Telegraph.
Friday, December 23, 2011
Monday, December 19, 2011
Our Current Listings - Great Properties & Price Reductions!
Have you visited www.teampetel.com lately? Check out the team website for all the latest listings and unbelievable price reductions!
Stratford Place - 55+ community, 2BR/2BA condo ONLY $99,500!
Sanibel Arms West - 2BR/2BA condo, best view for the best value, great rental income $409,000!
AND MORE!
The weather is cooling off but the properties available on Sanibel and in South Fort Myers are hot! Contact us today for your customized property list or to talk about selling your home!
Team Petel
Stratford Place - 55+ community, 2BR/2BA condo ONLY $99,500!
Sanibel Arms West - 2BR/2BA condo, best view for the best value, great rental income $409,000!
AND MORE!
The weather is cooling off but the properties available on Sanibel and in South Fort Myers are hot! Contact us today for your customized property list or to talk about selling your home!
Team Petel
Monday, December 12, 2011
BEAUTIFUL CONDO - PRICE REDUCTION!
Well maintained 2 Bedroom 2 Bath condo with partial Gulf views. Over $26,000 in rental income in 2010! Brand new washer and dryer in unit. Fully furnished. Just reduced to $409,000 - Best priced condo at Sanibel Arms West with a view!!
Sunday, December 11, 2011
SANIBEL OPEN HOUSES!
Check out Team Petel’s Upcoming Open Houses:
1111 Schooner Place – Custom built 3BR, 3BA home with beautiful finishes and all the new building codes. Located on the quiet East End on a mangrove canal. Room for a pool! MONDAY DECEMBER 12TH 1PM – 4PM
1340 Middle Gulf Drive 9A – Perfect beach condo. Totally remodeled with beautiful finishes. 2BR, 2 BA. Located on the Sanibel River with a peek of the Gulf. Garage and storage. MONDAY DECEMBER 13TH 1PM – 4PM
Visit our website for more info! www.teampetel.com
Saturday, December 10, 2011
Fla.'s home, condo sales higher in 3Q
Existing home sales up 12% over year ago, condo sales up 13%; Fla. condo price up 13%. National sales slip 0.1%.
Friday, December 9, 2011
Rate on 30-year mortgage below 4% for second time
WASHINGTON – Nov. 11, 2011 – The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history.
Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent last week. Five weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research.
Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent last week. Five weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research.
Thursday, December 8, 2011
Realtor.com’s Top Ten Turnaround Report
In Realtor.com’s “Top Ten Turnaround Report,” six Florida cities were considered good bets for an upswing in sales. Realtor.com, which is owned by The National Association of Realtors®, says it created a formula to rank a city’s turnaround potential based on recent price appreciation, changes in inventory, median age of inventory, number of Realtor.com searches by visitors and area unemployment.
Realtor.com attributes the Florida cities’ success to year-over-year home price increases, reductions in inventory, lower unemployment rates and, in some cases, an upswing in international buyers.
Realtor.com’s turnaround list includes:
1. Miami: Ranked No. 1 in the report, Miami hit the top based on “a healthy inventory that is only half the size from a year ago,” a lower foreclosure rate than the national average, and an increase in condo sales.
2. Orlando: While No. 2, Realtor.com says Orlando had more home searches than any other city when compared to the total number of listings. It also had a significant drop in the number of foreclosures.
3. Fort Myers-Cape Coral: Median prices in Fort Myers-Cape Coral have increased year-over-year, foreclosures are down, inventory is lower and foreign buyers are attracted to the area’s real estate prices.
4. Phoenix-Mesa, Ariz.
5. Fort Lauderdale: Inventory has decreased and prices have increased, says Realtor.com.
6. Sarasota-Bradenton: About one in 10 foreign buyers look in Sarasota-Bradenton for a home, Realtor.com says. Listing prices have increased and inventory has decreased.
7. Lakeland-Winter Haven: According to Realtor.com, the number of distressed sales has decreased significantly and prices have gone up.
8. Boise City, Idaho
9. Fort Wayne, Ind.
10. Ann Arbor, Mich.
Realtor.com attributes the Florida cities’ success to year-over-year home price increases, reductions in inventory, lower unemployment rates and, in some cases, an upswing in international buyers.
Realtor.com’s turnaround list includes:
1. Miami: Ranked No. 1 in the report, Miami hit the top based on “a healthy inventory that is only half the size from a year ago,” a lower foreclosure rate than the national average, and an increase in condo sales.
2. Orlando: While No. 2, Realtor.com says Orlando had more home searches than any other city when compared to the total number of listings. It also had a significant drop in the number of foreclosures.
3. Fort Myers-Cape Coral: Median prices in Fort Myers-Cape Coral have increased year-over-year, foreclosures are down, inventory is lower and foreign buyers are attracted to the area’s real estate prices.
4. Phoenix-Mesa, Ariz.
5. Fort Lauderdale: Inventory has decreased and prices have increased, says Realtor.com.
6. Sarasota-Bradenton: About one in 10 foreign buyers look in Sarasota-Bradenton for a home, Realtor.com says. Listing prices have increased and inventory has decreased.
7. Lakeland-Winter Haven: According to Realtor.com, the number of distressed sales has decreased significantly and prices have gone up.
8. Boise City, Idaho
9. Fort Wayne, Ind.
10. Ann Arbor, Mich.
Wednesday, December 7, 2011
Fla.'s home, condo sales higher in Oct.
Existing home sales up 13%, condo sales up 12% over year; Fla. condo median price up 9%. National total sales up 1.4%.
Tuesday, December 6, 2011
Florida’s Existing Home, Condo Sales Up in October 2011
ORLANDO – Nov. 21, 2011 – Florida’s existing home and existing condo sales continued to show gains in October, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,755 homes sold statewide compared to 12,145 homes sold in October 2010, according to Florida Realtors
Monday, December 5, 2011
Consumer confidence surges over 15 points
NEW YORK – Nov. 29, 2011 – The Conference Board Consumer Confidence Index, which declined in October, surged almost 15 points in November.
The Index now stands at 56.0, up from 40.9 in October. The Present Situation Index increased 11.2 points to 38.3 from 27.1. The Expectations Index, which gauges attitudes about the economy’s condition six months from now, went up 17.8 points to 67.8 from 50.0.
“Confidence has bounced back to levels last seen during the summer (July 2011, 59.2),” says Lynn Franco, Director of The Conference Board Consumer Research Center. “Consumers’ assessment of current conditions finally improved after six months of steady declines. Consumers’ apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably. Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak.”
The Index now stands at 56.0, up from 40.9 in October. The Present Situation Index increased 11.2 points to 38.3 from 27.1. The Expectations Index, which gauges attitudes about the economy’s condition six months from now, went up 17.8 points to 67.8 from 50.0.
“Confidence has bounced back to levels last seen during the summer (July 2011, 59.2),” says Lynn Franco, Director of The Conference Board Consumer Research Center. “Consumers’ assessment of current conditions finally improved after six months of steady declines. Consumers’ apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably. Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak.”
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