Tag Archives: Barack Obama

October Scoop from Sanibel & Captiva Islands

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It’s another happy Friday on Sanibel. SANSLogoIsland traffic picked up considerably both yesterday and today with folks arriving for the long Columbus Day holiday weekend. Hopefully some of them will be interested in real estate. SanibelSusan Realty will be open and ready!

Fabulous island-style fall weather is expected too, with no rain in the forecast until the middle of next week. With a drop in humidity and evening temperatures to drop into the 60’s, we look forward to some of the best island weather! October is really here!

Redfish Pass

Redfish Pass

With all of the ugly media reports this week, we want more positive news. So, here’s some for the team – we had another condo listing go under contract this week, had a nice SanibelSusan closing today and another one scheduled for Tuesday where we helped both the buyers and sellers achieve their goals. Woohoo! Many thanks to all!

Lands End

Lands End

Here are a few news items, followed by the activity posted in the Sanibel and Captiva Islands Multiple Listing Service over the last seven days.

Sanibel Skate Park

Autumn-Skate-Park-Hours-Sanibel-Recreation-Center_mediumDid you know that Sanibel even has a skate park? It is at the Sanibel Recreation Center and is open Thursdays from 2-4 p.m. and Saturdays from 9 a.m. to noon. Skateboards and roller blades are welcome, users must provide their own equipment, and helmets are mandatory. All participants also must have a valid Rec Center membership and have a skate park release form completed by an adult. Children under 12 must be accompanied by an adult. More info is on http://www.mysanibel.com.

Florida Regulators Developing Guidelines to Bring Flood Insurers to the State

TampaBayTimesThis article was posted by a St. Pete Realtor® who read it in the “Tamp Bay Times” this week. I sure hope this happens. It could offer some insurance relief.

“Florida Insurance Commissioner Kevin McCarty said Wednesday that his office is in the process of developing a “set of simple guidelines” for insurance companies to request approval to write primary flood insurance in Florida as an alternative to the Federal Floods Insurance Program. “The guidelines will not only provide a framework for the approval of rates and forms for flood coverage, but will also address financial requirements that must be met for insurers to write this new coverage,’’ McCarty said in a statement.

“The Florida Office of Insurance Regulation was barraged with questions Wednesday after McCarty’s deputy, Rebecca Matthews, told the Senate Banking and Insurance Committee on Tuesday that OIR was working with companies to help them write primary flood coverage in the state to give them an alternative to paying the massive price increases expected as a result of federal reforms.

“The Biggert-Waters Flood Insurance Reform Act of 2012 attempted to phase in a series of rate increases in the National Flood Insurance Program as a way to close the program’s $24 billion deficit. But estimated 268,000 Floridians with older homes in high risk flood zones will lose their subsidized rates when they sell their homes, hitting buyers with triple digit increases in their flood insurance premiums in many cases.

“Gov. Rick Scott and Florida’s congressional delegation have appealed to Congressional leaders to pass a delay in the rate hikes but, with Washington at a standstill, nothing has happened. Meanwhile, real estate experts say the rate shock on buyers could freeze Florida’s slowly-thawing real estate market. They are urging state leaders to come up with an alternative for the nearly 2 million homeowners who now have NFIP policies.

“A handful of companies are currently writing primary flood coverage in Florida, but they are generally specialty companies and write flood coverage only for high value homes, said OIR spokeswoman Amy Bogner. Insurers can either write the flood policy as a stand-alone flood policy or as an endorsement onto a homeowners policy, she said.

“Some of the companies current writing flood insurance include: Chubb (Federal Insurance Company); AIG (Chartis Property Casualty Company); Wright National Flood Insurance Company; Privilege Underwriters Reciprocal Exchange; Firemans Fund Insurance Company; ASI (American Strategic Insurance Corporation); Markel American Insurance Company.

“Scott was asked on Wednesday whether he would support policies to make it easier for insurers to provide alternative insurance in Florida but the governor refused to answer and instead blamed President Barack Obama. “The president signed the bill. He could have an impact by stopping it,” Scott told reporters. “He needs to put a pause on that bill.””

Florida Announces Support For Mississippi’s Lawsuit Against FEMA

Photo Credit Meredyth Hope HallIn a press release late Thursday from the Governor’s office (eog.myflorida.com):

“Governor Rick Scott and Attorney General Pam Bondi today announced that they will be filing an amicus brief, or “friend of the court” brief, in Mississippi’s lawsuit against the federal government’s unfair National Flood Insurance Program’s rate hike. Governor Rick Scott said, “President Obama is failing to save Florida families from huge flood insurance rate hikes and that is why we are going to support Mississippi in their lawsuit against FEMA. This unfair rate hike could devastate Florida’s real estate market and homeowners.

““I want to thank Senators Rubio and Nelson for working across party lines on this issue, especially during such a time of partisanship in Washington. Ultimately, the buck stops with the President and that’s why we continue to ask him to get his agency- FEMA- to undo this unfair insurance rate hike on Florida families.”

“Attorney General Pam Bondi said, “Due to Congress’ failure to better protect consumers, Floridians are now facing increased flood insurance rates that could force them from their homes and hurt the economy. While we are in frequent communication with OIR to determine whether we can legally take additional action, we support Mississippi’s lawsuit.”

“Chief Financial Officer Jeff Atwater said, “The National Flood Insurance Program was created to help families who live in flood prone areas, but the recent changes are going to cause more harm than good. I am appreciative of Senator Rubio, Senator Nelson and all of Florida’s Congressional members who are working toward making the appropriate legislative changes, and I am appreciative of states like Mississippi that are helping Washington realize immediate action needs to be taken to fix the problem.””

Freddie Mac‘s Plan to Stall Impact of Shutdown

FreddieMacLogo_3An on-line REALTOR®Mag article in “Daily Real Estate News” on Tuesday, says: “With the government shutdown now in its second week, Freddie Mac has issued intermediate guidelines to lending institutions for approving home loans and modifications to keep the housing market from grinding to a halt.

“Federal employees and contractors are not receiving paychecks during the government shutdown, but Freddie Mac is allowing lenders to approve mortgages for those borrowers — even in the absence of steady income — assuming they meet other loan requirements and plan to return to work once the government reopens.

“”Today’s bulletin is intended to give lenders the certainty to continue approving and delivering new mortgages that meet Freddie Mac guidelines to eligible borrowers, such as federal employees and contractors, during the temporary shutdown,” says Dave Lowman, Freddie Mac executive vice president of single-family business. “We are also reminding servicers of our forbearance options to assist qualified home owners with Freddie Mac mortgages to minimize the shutdown’s impact on our nation’s families and communities.”

“Freddie Mac has mortgage relief and forbearance policies available to public- and private-sector employees who are affected by the government’s shutdown. One of the biggest hurdles for lenders is being unable to verify borrowers’ income directly from the IRS during the government freeze. But both Fannie Mae and Freddie Mac have said they would adjust policies as needed so that loans and modifications could continue to be approved.”

Survey: Gov’t Shutdown Deflating Housing Optimism

fannie-mae-logoAnother “Daily Real Estate News” article also on Tuesday offered the following glum news: “Though Americans have expressed optimism about the housing recovery over the last few months, their feel-good attitudes took a turn for the worse in the run-up to the government shutdown, Fannie Mae reports in its latest National Housing Survey.

“”Our September National Housing Survey results show that the improvements in consumer housing attitudes witnessed in recent months softened ahead of the government shutdown,” says Doug Duncan, Fannie Mae’s senior vice president and chief economist. “Americans’ awareness of policy uncertainty leading up to the October 1st shutdown, and the pending debt-ceiling debate, appears to have grown as indicated by an apparent cautionary holding pattern in overall consumer housing and personal finance sentiment.”

“The percentage of Americans who say they believe home prices will increase over the next 12 months fell from 55% in August to 52% in September. And 63% say they believe mortgage rates will keep rising, an all-time high for the survey and an uptick from 60% in August.

“Still, 72% say it’s a good time to buy a house, and 38% say it’s a good time to sell, according to the survey.”

Sanibel & Captiva Islands Multiple Listing Service Activity from October 4-11

Sanibel

Sanibel River from Spanish Cay

Sanibel River from Spanish Cay

CONDOS
5 new listings: Colonnades #13 1/1 $169K (short sale), Loggerhead Cay #362 22/2 $512K, Loggerhead Cay #351 2/2 $548K, Sundial #Q202 2/2 $780K, Island Beach Club #220D 2/2 $849K.
2 price changes: Shorewood #2B 3/3 now $1.449M, Plantation Village #B321 3/3 now $2.499M.
2 new sales: Spanish Cay #F7 1/1 listed for $264K (our listing), Nutmeg Village #214 2/2 listed for $899K.
3 closed sales: Tennisplace #D31 1/1 $170K, Sanibel Arms West #M4 2/2 $424K, Sanibel Arms #D1 2/2 $445K.

HOMES
3 new listings: 6451 Pine Ave 3/2 $489K, 1342 Sand Castle Rd 3/2 $599K, 1480 Angel Dr 3/3 $1.499M.
5 price changes: 2729 Wulfert Rd 4/4.5 now $1.175M, 2520 Harbour Ln 3/2.5 now $1.275M, 1748 Jewel Box Dr 4/4 now $1.389M, 829 Tulip Ln 5/4.5 now $2.295M, 3869 West Gulf Dr 6/7/2 now $9.495M.
1 new sale: 2279 Troon Ct 3/4 listed for $1.395M.
3 closed sales: 1183 Kittiwake Cir 3/3 $670K, 1735 Jewel Box Dr 4/3 $1.175M, 6014 White Heron Ln 3/3.5 $1.25M.

Pool 6

Island Woods pool

LOTS
No new listings.
1 price change: 1898 Woodring Rd now $2.495M.
No new sales.
4 closed sales: 1847 Farm Trl $207.5K (our listing), 3358 Saint Kilda Rd $284K, 2323 Starfish Ln $300K, 3761 Coquina Dr $317.5K.

Captiva
CONDOS
No new listings, price changes, or new sales.
1 closed sale: Lands End Village #1631 2/2 $1.085M.

HOMES
No new listings.
1 price change: 15301 Captiva Dr 4/3.5 now $2.249M.
1 new sale: 16838 Captiva Dr 7/7.5 listed for $4.995M
No closed sales.

LOTS
Nothing to report.

This representation is based in whole or in part on data supplied by the Sanibel & Captiva Islands Association of Realtors or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions. If your property currently is listed with another broker, this is not intended as a solicitation of that listing.

Happy October, wherever you are! SanibelSusan

A Summer-Like September On Sanibel & Captiva Islands

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It has been another quiet week on the islands – good weather but not many visitors and vacationers. Our local bird life is having fun though.

East End Happenings

Below is a photo taken as I was heading to work one morning. This Norfolk pine near the end of Anchor Drive is also very close to an osprey nest that I also check out every morning. I haven’t seen any activity in the nest for a few weeks.

Surprisingly on this tall tall tree, I saw a white ibis alight near the very top, followed by three juveniles. Appeared to be a mama taking her young ones on a flying lesson.

The young ibis have brown feathers, while the adult looked more like the photo to the left.

Two babies landed near mama on the top, while the third was a few branches below. I have seen a similar family several times in the last few days snacking in my yard. Made me wonder if they are the same birds.

West End Happenings

Here is another snapshot I captured this week. If you remember me remarking in an earlier post, after Tropical Storm Debbie passed us by earlier this summer, that a huge tree at the West Wind Inn was uprooted in that storm, here is what that spot looks like now. The tree could not be saved, but in its place the West Wind added this charming tropical garden. It will be fun to watch it grow and develop – it’s already beautiful.

If you haven’t dined at The Normandie Seaside Pub at The West Wind, it’s open to the public when there’s room. It’s a local favorite for breakfast and lunch, also open for dinner.

Florida’s Amendment 4

Several passers-by have asked about the posters that we have in our office windows saying “Vote Yes on Amendment 4”. Here’s a write-up about Amendment 4 from the September issue of “FloridaRealtors®” magazine.

“If passed this proposed constitutional amendment on the November ballot would create Florida jobs, grown Florida’s GDP and increase the personal income of Floridians, according to an independent economic and fiscal analysis by Florida TaxWatch.

“Amendment 4, which would take effect on January 1, 2013, proposes:

  • an additional homestead exemption for first-time Florida home-buyers;
  • reduction in the non-homestead maximum annual assessed value increase cap from the current 10% (on nonschool levies) to a new level of 5% and an extension of non-homestead assessed value caps through the 2022 tax year (which also does not apply to school levies); and
  • provision of legislative authority to eliminate the Save Our Homes “Recapture Rule”.

“Florida TaxWatch estimates that the passage of Amendment 4 would result in the creation of 19,483 private nonfarm jobs over the 10-year period of the analysis (2013-2022), an increase in Florida GDP by approximately $1.1 billion and an increase in personal income by more than $5.3 billion.

“The analysis also estimates that between 319,861 and 383,810 additional homes sales would occur due to the effects of Amendment 4 during the 10-year period following its passage and implementation.”

Vegetation Reminders

Island property owners recently received a mailing with a variety of informational pamphlets for homeowners. Here are a few highlights from the flier about vegetation. 

  • Native plants are protected by law on Sanibel. If you want to remove or move a native tree or shrub, a vegetation permit is required.
  • A vegetation permit is ALWAYS required prior to trimming mangroves and trimming the beach dune.
  • The City requires all landscape contractors, or persons hired to plant, transplant, prune, trim, or remove plants, to have a Vegetation Competency Card. Those who apply fertilizer must also have a Vegetation Endorsement.
  • For new or substantially improved properties, at least 75% of the vegetation in each plant category – trees, shrubs, and groundcover – must be native. This ratio of native plants to exotics is to be maintained in perpetuity.
  • To allow native plants to develop to maturity and provide food and shelter for wildlife, the City requires that pruning be limited to 25% of the leaf area in any one year.
  • The Brazilian Pepper Eradication Program is nearing completion. Removal of pepper from ALL residential and commercial properties is now MANADATORY.
  • In addition to pepper, the City encourages, and in some cases requires, the removal of seven additional exotic plants: air potato, earleaf acacia, exotic inkberry, melaleuca, Java plum, lead tree, and mother-in-law’s tongue.
  • Application of fertilizers containing nitrogen and phosphorus is prohibited from July 1 to September 30.

More info at www.mysanibel.com and www.sanibelh2omatters.com/fertilizer/

Sanibel Beach Parking Permits

Beach parking permits expire on November 30, 2012. Renew your permit at the Sanibel Recreation Center, 3880 Sanibel-Captiva Rd, beginning October 15. A valid vehicle registration for each vehicle and a valid state-issued identification or driver’s license are required. The Rec Center is open Mondays thru Thursdays 6:30 a.m. to 8 p.m.; Fridays 6:30 a.m. to 6:30 p.m.; Saturdays 8 a.m. to 5 p.m.; and Sundays noon to 5 p.m.

Sanibel Center 4 Life

Located at 2401 Library Way, “Sanibel Fit 4 Life”, is also part of the Sanibel Recreation Department and offers a variety of courses, group outings, fitness classes, and book/game/food fun. They are open Mondays thru Fridays 8 a.m. to 3:30 p.m. (May thru October) and until 5 p.m. (November through April).

Will the Presidential Election Affect Real Estate?

A posting in “Daily Real Estate News” on Wednesday, sourced “The Washington Post” August 30, saying:

“The next president of the United States — whether Democratic incumbent Barack Obama or Republican challenger Mitt Romney — could have a big influence over the recovery taking shape in the real estate market, according to political pundits. “The next president, whoever it turns out to be, is going to have a couple of big housing issues to address,” Barry Zigas, director of housing policy at the Consumer Federation of America, told The Washington Post. For example, “What is the government’s role in housing finance, and will consumers have access to mortgages at affordable rates?”

“Neither candidate so far has outlined a specific proposal for the housing market or mortgage lending. However, if re-elected, President Obama is expected to continue adding to his existing programs, such as in foreclosure relief, loan modifications, and by expanding refinancing options for home owners. He is also expected to continue to push for new housing finance rules under the Dodd-Frank Act, The Washington Post reports. If elected, Romney is expected to repeal Dodd-Frank. He also would likely replace it with regulations that would make it easier for the private sector to be a stronger player in the mortgage market, The Washington Post reports. 

“Housing analysts say that the next president will likely have a big influence over the mortgage market, such as determining how much of the real estate market could continue to be subsidized by the federal government. “The decision will have a huge influence on the housing market and the price of real estate, both for the lower end of the market that competes with affordable rental housing and the higher end that has lagged, partly because of lower limits for the size of mortgages that can be purchased and resold by Fannie and Freddie,” The Washington Post reports.

 “Also, the next president will also have to decide whether to ease up lending standards to make it easier for more people to qualify for a loan and the amount of down payment needed to buy a home.”

 Patients at CROW

I am always amazed to read the variety of animals that are treated at Sanibel’s CROW (Clinic for the Rehabilitation of Wildlife). There are 138 patients at the Clinic pending release now. Here’s the list: 1 Anhinga, 3 Eastern Cottontails, 12 Mourning Doves, 2 Mottled Ducks, 1 Common Grackle, 1 Common Ground Dove, 1 Herring Gull, 9 Virginia Opossum, 1 Osprey, 3 Great Horned Owls, 6 Brown Pelicans, 28 Northern Raccoons, 66 Eastern Gray Squirrels, 1 Atlantic Ridley Sea Turtle, 1 Eastern Box Turtle, and 2 Eastern Mud Turtles. If you haven’t visited the new CROW facility, be sure to do it. It is facinating!

“Ding” Darling Days Coming Up

Yesterday, I ran into Birgie Vertesch, Executive Director of the “Ding” Darling Wildlife Society. In talking about the upcoming 2012 “Ding” Darling Days, October 14-20, she reminded a local family that the first day of this now annual celebration, Sunday, October 14, is a FREE Family Fun Day. If you know a family on Sanibel that day, please be sure to tell them about this event for all ages. Schedule of events on http://www.dingdarlingsociety.org/ddd-events

Sanibel and Captiva Multiples Listing Service Activity August 31-September 7
 


Sanibel
CONDOS
4 new listings: Sundial #F105 1/1 $295K, Sundial #G401 2/2 $495K, Sundial #E308 2/2 $835K, High Tide #A101 2/2 $1.35M.
3 price changes: Pointe Santo #C4 1/1 now $489.9K, Sundial #L202 2/2 now $625K, Shell Island Beach Club #5D 2/2 now $889K.
1 new sale: Sundial #H306 2/2 listed for $549K.
2 closed sales: Sundial #C206 1/1 $244.9K, Sandpiper Beach #105 2/2 $560K.
 
HOMES
2 new listings: 0 Tarpon Bay Rd 3/2 $599K, 1188 Harbour Cottage Ct 3/3 $629K.
2 price changes: 3002 Poinciana Cir 3/2 now $359K, 569 Lighthouse Way 3/3 now $890K.
3 new sales : 293 Palm Lake 3/2 listed for $430K; 660/664 Periwinkle Way 4/2/2 duplex listed for $575,999; 760 Birdie View Pt 4/3.5 listed for $849K.
2 closed sales: 1702 Sand Pebble Way 3/2.5 $385K, 2228 Starfish Ln 3/2.5 $1.1M.

LOTS
3 new listings: 1340 Eagle Run Dr $279K, 255 Hurricane Ln $339K, 1028 Bayview Dr $1.795M.
No price changes or new sales.
1 closed sale: 925 Whelk Dr $739K.
 
Captiva
CONDOS
1 new listing:  Beach Homes #11 3/3 $2.28M.
2 price changes: Tennis Villas #3110 1/1 now $275K, Tennis Villas #3139 2/2 now $405K.
No new or closed sales.
 
HOMES
Nothing to report.

LOTS
Nothing to report.

  This representation is based in whole or in part on data supplied by the Sanibel & Captiva Islands Association of Realtors or its Multiple Listing Service.  Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.  If your property currently is listed with another broker, this is not intended as a solicitation of that listing.