SANIBEL CAPTIVA MLS MARKET WATCH:

Residential and Condo Sales from 8/20/2010 - 8/28/2010

Residential: 5
1) List Price - $399,000/Sales Price - $380,000 710 Donax St., Sanibel, FL 2BD/2BA
2) List Price - $439,900/Sales Price - $425,000 - 523 Rabbit Rd., Sanibel, FL 3BD/2BA
3) List Price - $499,900/Sales Price - $460,000 - 1866 Farm Tr., Sanibel, FL 3BD/2BA
4) List Price - $500,000/Sales Price - $500,000 - 1386 Sand Castle Rd., Sanibel, FL 3BD/2BA
5) List Price - $549,000/Sales Price - $494,000 - 3987 Coquina Dr., Sanibel, FL 3BD/2BA

Condo's: 1
1) List Price - $659,000/Sales Price - $600,000 - Tarpon Beach 2BD/2BA

Weekending August 20 Update

Florida Real Estate News

Legislation Extends Flood Insurance/ Tax Credit through Sept 30

After a close brush with the deadline, Congress passed an ex- tension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extensionappliesonlytotransac- tions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legisla- tion is designed to create a seam-

less extension; the new closing deadline for eligible transactions is now September 30, 2010.

Additionally, the United States Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move

forward. The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enacment of the extension.

For more information visit www.FloridaRealtors.org

Sanibel Captiva MLS Market Watch:

Past 5 Days, 3 Condos went under contract

• Sundial
• Tarpon Beach
• Tennisplace

-Mark & Teresa