CLOSED SALES 9/11/2010 - 9/25/2010
RESIDENTIAL (2)
978 Sand Castle Rd 3BD/3+1/2BA ListPrice/$398,000 SalePrice/$345,000
1409 Albatross Rd 3BD/2/BA ListPrice/$424,000 SalePrice/$400,000
VACANT LAND (2)
3762 Coquina Dr ListPrice/$299,000 SalePrice/$240,000
1340 Eagle Run Dr ListPrice/$299,500 SalePrice/$150,000
CONDO (4)
Tennisplace #A-26 2/BD1+1/2BA ListPrice/$265,000 SalePrice/$240,000
Mariner Pointe #733 2BD/2BA List Price/$269,000 SalePrice/$240,000
Coquina Beach #5D 2BD/2BA ListPrice/$399,000 SalePrice/$350,000
Sanibel Inn #3524 2BD/2BA ListPrice/$469,000 SalePrice/$395,000
Saturday, September 25, 2010
FLOOD INSURANCE EXTENSION !
Daily Real Estate News
September 24, 2010
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National Flood Insurance Extended Through 2011
The National Association of REALTORS® is pleased to report that Congress has unanimously approved a one-year extension, until Sept. 30, 2011, for the National Flood Insurance Program (NFIP). A long-term extension has been a top legislative priority for NAR. Earlier in 2010 the NFIP lapsed, causing major disruptions for REALTORS®, and with the Sept. 30 deadline fast approaching, NAR redoubled its efforts to extend the program.
REALTOR® advocacy efforts helped make the long-term extension a reality. When Congress returned to Washington, D.C. in mid-September, NAR was waiting with its federal political coordinators who came to D.C. to meet with key senators and urge the long-term extension. Additionally, on Sept. 22 NAR was ably represented by Maryland REALTOR® Nick D’Ambrosia. He stressed to the Senate Committee on Banking NAR’s commitment to extend and strengthening the program beyond 2011 for the long-term. While the one-year extension brings a level of certainty to the NFIP, there needs to be comprehensive reform measures to place the NFIP on more sound financial footing for at least another five years.
Flood Insurance Timeline
Sept. 21, 2010 S. 3814 Approved by Unanimous Consent in the Senate
Sept. 23, 2010 S. 3814 Approved by Voice Vote in House of Representatives
The bill now heads to President Obama for his signature as soon as next week. With program authority now extended for a year, it is expected that attention will turn to proposals to reform and ensure the financial soundness of the NFIP. While the House passed its reform bill (H.R. 5114) earlier this year, it is unlikely that a comprehensive reform bill will move until the 112th Congress goes into session next year.
Source: NAR
September 24, 2010
Share
National Flood Insurance Extended Through 2011
The National Association of REALTORS® is pleased to report that Congress has unanimously approved a one-year extension, until Sept. 30, 2011, for the National Flood Insurance Program (NFIP). A long-term extension has been a top legislative priority for NAR. Earlier in 2010 the NFIP lapsed, causing major disruptions for REALTORS®, and with the Sept. 30 deadline fast approaching, NAR redoubled its efforts to extend the program.
REALTOR® advocacy efforts helped make the long-term extension a reality. When Congress returned to Washington, D.C. in mid-September, NAR was waiting with its federal political coordinators who came to D.C. to meet with key senators and urge the long-term extension. Additionally, on Sept. 22 NAR was ably represented by Maryland REALTOR® Nick D’Ambrosia. He stressed to the Senate Committee on Banking NAR’s commitment to extend and strengthening the program beyond 2011 for the long-term. While the one-year extension brings a level of certainty to the NFIP, there needs to be comprehensive reform measures to place the NFIP on more sound financial footing for at least another five years.
Flood Insurance Timeline
Sept. 21, 2010 S. 3814 Approved by Unanimous Consent in the Senate
Sept. 23, 2010 S. 3814 Approved by Voice Vote in House of Representatives
The bill now heads to President Obama for his signature as soon as next week. With program authority now extended for a year, it is expected that attention will turn to proposals to reform and ensure the financial soundness of the NFIP. While the House passed its reform bill (H.R. 5114) earlier this year, it is unlikely that a comprehensive reform bill will move until the 112th Congress goes into session next year.
Source: NAR
Tuesday, September 14, 2010
SANIBEL AND CAPTIVA MARKET WATCH
Week of 9/04/2010 - 9/11/2010
Residential (1)
1409 Alabatross Rd 3/BD/2BA ListPrice/$424,000 SalesPrice/$400,000
Condo (2)
Sanibel Arms West 2BD/2BA ListPrice/$429,000 SalesPrice/$385,000
Sanibel Inn 2BD/2BA ListPrice/$469,000 SalesPrice/$395,000
Vacant Land (1)
3762 Coquina Dr 138 X 142 ListPrice/$299,000 SalesPrice/$240,000
Residential (1)
1409 Alabatross Rd 3/BD/2BA ListPrice/$424,000 SalesPrice/$400,000
Condo (2)
Sanibel Arms West 2BD/2BA ListPrice/$429,000 SalesPrice/$385,000
Sanibel Inn 2BD/2BA ListPrice/$469,000 SalesPrice/$395,000
Vacant Land (1)
3762 Coquina Dr 138 X 142 ListPrice/$299,000 SalesPrice/$240,000
Tuesday, September 7, 2010
SANIBEL & CAPTIVA MARKET WATCH
WEEK OF 8/28/2010 - 9/04/201
RESIDENTIAL (2)
498 Surf Sound Ct 3BD/3BA List Price/$799,000 Sell Price/$775,000
205 Hurricane Ln 3BD/2BA List Price/$799,000 Sell Price/$800,000
CONDO (6)
Loggerhead #343 2BD/2BA List Price/$509,000 Sell Price/$477,500
Sandalfoot #4D3 2BD/2BA List Price/$569,900 Sell Price/$541,000
Heron at the
Sanctuary #2B 3BD/3BA List Price/$599,000 Sell Price/$550,000
Shell Island
Beach Club #7A 2BD/2BA List Price/$649,999 Sell Price/$585,000
Beach Cottages #1425 2BD/2BA List Price/$1,050,000 Sell Price/$875,000
Gulfside Place #201 2BD/2BA List Price/$1,999,000 Sell Price/$1,500,000
VACANT LANE (2)
1208 Par View Drive List Price/$325,000 Sell Price/$240,000
1808 Buckthorn Lane List Price/$329,500 Sell Price/$235,000
RESIDENTIAL (2)
498 Surf Sound Ct 3BD/3BA List Price/$799,000 Sell Price/$775,000
205 Hurricane Ln 3BD/2BA List Price/$799,000 Sell Price/$800,000
CONDO (6)
Loggerhead #343 2BD/2BA List Price/$509,000 Sell Price/$477,500
Sandalfoot #4D3 2BD/2BA List Price/$569,900 Sell Price/$541,000
Heron at the
Sanctuary #2B 3BD/3BA List Price/$599,000 Sell Price/$550,000
Shell Island
Beach Club #7A 2BD/2BA List Price/$649,999 Sell Price/$585,000
Beach Cottages #1425 2BD/2BA List Price/$1,050,000 Sell Price/$875,000
Gulfside Place #201 2BD/2BA List Price/$1,999,000 Sell Price/$1,500,000
VACANT LANE (2)
1208 Par View Drive List Price/$325,000 Sell Price/$240,000
1808 Buckthorn Lane List Price/$329,500 Sell Price/$235,000
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