A Critical Look at Sanibel’s Real Estate Market


If you are lucky enough to be here this week, I bet you are enjoying the fabulous weather, yet occasionally grumbling about the traffic. It has remained remarkably summer-like for days. A mini-cool front is here today (has already cooled into the 60’s), but it will be back into the 70’s tomorrow and expected to continue like that until the end of next week when another cool front is expected. More about that then.

The extra visitors from the Monday holiday have made it challenging for those coming on-island in the morning and traveling off- in the afternoon. Periwinkle Way has not been our friend, but those directing traffic at the 4-ways should be commended for keeping things moving even when it is at a crawl. Seriously, the great weather makes up for it. Nothing like having the sunroof open to a bright blue sky in February.

Beach

Mayor Ruane Speaks at Association of Realtors® Membership Meeting

Yesterday, was the Sanibel & Captiva Islands Association of Realtors® February Membership Meeting and breakfast. Those events usually are held in the Association’s building, but this one was hosted by The Community House (Sanibel Community Association.

2020-02-20 Membership Mtg

Community House logoThe Community House – has been serving the islands since 1927 as a gathering place for social events. It was there that many island organizations and non-profits began – and where the City incorporation vote took place in 1974. Remodeled just three years ago, the new historic Community House today is a meeting place for many island clubs and the venue for island events, like the Shell Fair. Classes are held there, the facility rooms are available for rent, and the new Culinary Education Center of Sanibel is there with resident chef and cooking classes offered. The buffet breakfast spread put out yesterday was amazing.

Sancapbank logoSanibel-Captiva Community Bank – Big thanks to David Wright and the Sanibel-Captiva Community Bank for sponsoring the breakfast. If you don’t know David, he is the bank Senior Vice President and heads their lending department. His segue into telling attendees about the bank was without a doubt the best segue ever. It is a great bank providing funding for many local businesses, renovations, mortgages, and more.

Sanibelcityseal logoMayor Kevin Ruane – This is the Mayor’s last term (his 11th) as he is running for a Lee County Commissioner seat. His speech on “the State of the City” included such tidbits as Sanibel’s millage rate now being the lowest in its history and how he has become a “professional beggar” to be successful in getting state and national attention and funding for the island’s biggest and most important resource – water quality. Not only are the City’s finances now in excellent order (as an accountant that’s what he knows best), but his leadership as President of Florida League of Cities (412 cities) continues to help us. He threw out such statistics as the real estate and tourism value of Florida cities affected by water quality. That number is mind-boggling at $2 trillion. Another excellent tidbit he mentioned is a quote that he remembers from Florida’s former Governor Scott: “One out of every ten visitors to Florida, eventually lives here.” That’s music to Realtors®’ ears. (Though I try to keep my Friday updates free from politics, I hope you vote for Kevin Ruane for County Commissioner. After cutting Sanibel’s taxes by 24% and increasing City reserves while reducing City debt by nearly 74%, it sure would be great for the county to also benefit from his financial prowess.)

Caravan Meeting – During the Caravan portion of these Thursday meetings is when Realtors® announce new listings, new sales, price reductions, and changes in homeowner and condo associations fees and assessments. The postings since last Friday in the Sanibel & Captiva Multiple Listing Service follow a couple of news items below. The first one may shed some light on why few sales were announced.

How’s The Market on Sanibel?

Realtors® are frequently asked “how’s the market”, so we often quiz each other with that very same question, comparing notes and trying to figure out why some properties are selling, and others are not. Is it easy to say, “business is always off a little in an election year”? Sure, and it usually is. But another complication is that the islands still are recovering from the effects of red tide in 2018/2019.

As a statistics-loving gal, I always find that trends also pop up when you least expect them.

The first table below confirms that home sales continue to outpace condo sales. It also shows that both condo and home sale prices over the last 12 months, as compared to the last election year (2016), are less than they were then. Exceptions are near-beach homes where the average sale price is up 5% and inland homes, where average sale price is up 25%, compared to four years ago. Other home category locations like gulf-front, bay-front, and canal-front show average sale prices down compared to 2016.

Looking at Sanibel condos, average sale prices are down when looking at total condo sales, especially those in residential complexes.

ON
SANIBEL
Sold in Last 12 Months
For Sale 2/20/2020
Sold Last Election Year, 2016
#
Avg $
#
Avg $
#
Avg $
All Homes
221
920,715
209
1,473,571
181
979,576
Homes on Gulf
3
3,033,333
12
5,902,833
7
3,604,500
Homes on Bay
4
1,708,625
11
3,646,909
2
2,132,500
Homes on Canals
40
1,177,078
40
1,315,162
38
1,232,362
Homes Near-Beach
101
827,585
78
999,398
83
788,889
Homes Inland
40
719,237
38
740,452
34
570,029
All Condos
136
699,373
140
819,776
143
717,768
 Residential Condos
16
866,615
22
1,019,172
32
931,230
Income-Producing Condos
120
677,074
118
781,736
111
656,229

The next table looks strictly at the number of Sanibel sales. There is about a year’s worth of inventory in homes and condos. Considering vacant lots, there is more like a four- to five-year supply.

Was there a dip in the number of sales during the 2016 election year? Absolutely. Was the market rebounding at a healthy pace when the red tide arrived in the summer of 2018? That analysis involves digging in the number of sales by month, but I can tell you that 2018 was a very good year until that happened. Then heavy red tide effects were felt last year. Since the water cleared last October, sales have been good – not excellent – but good.

crystal ballThe crystal ball (which I now keep on my desk) says that 2019, even with the upcoming election year, but barring an unforeseen international event, will continue to show market improvement on the islands, though supply and demand, as always, will rule. With inventory high for the time of the year and just eight weeks of high season left, it is going to be interesting to see how this year compares to 2016.

SanibelSusan always is optimistic, but cautiously this year.

# for
Sale
# Sold
2020 to-date
2019
2018
2017
2016
2015
2014
2013
2012
2011
All Homes
209
24
211
218
186
181
236
206
197
183
180
Homes >$2M
35
2
10
23
12
14
14
7
18
12
13
Homes <$600K
28
7
51
57
49
50
81
81
83
101
91
All Condos
140
20
127
155
140
143
160
164
162
151
141
Condos >$1M
36
3
21
27
22
23
29
22
12
11
15
Condos <$500K
52
12
44
48
49
47
71
71
82
79
67
All Lots
74
2
15
21
32
25
43
27
26
33
19

Thinking of Retiring to Southwest Florida & Wondering About Health Care Here?

lee_health_logo_masterHere is an article I saw on the internet this week: “Six Southwest Florida hospitals are among the top 250 hospitals in the nation for overall clinical excellence, according to Healthgrades. The private rating firm in Denver, Colorado, has released its report cards for the top performers among 4,500 hospitals nationwide.

“All four acute care hospitals run by Lee Health in Lee County are among the top 250 hospitals, or best 5%. (Lee Memorial Hospital, Cape Coral Hospital, Gulf Coast Medical Center and HealthPark Medical Center)

“Dr. Larry Antonucci, President and CEO of Lee Health, said in a statement the system is proud its four acute-care hospitals are among the best 250 hospitals. “Over the last few months our hospitals have received superior marks from the most-respected hospital-rating organizations in the country, and the consistency of these scores show that we are providing exceptional care to Southwest Florida,” he said in a statement.

“Overall, patients treated in top-performing hospitals have a nearly 27% lower risk of dying than if treated at a hospital that are not among the best, according to Healthgrades. Data used in the analysis is from the three years from 2016 through 2018 and involves Medicare data only.”

Gov. DeSantis Launches $8M Initiative To Make It Easier for Veterans To Buy Homes

pensacola news journal logoPublished February 19, 2020 in the “Pensacola News Journal”: Gov Ron DeSantis announced a new $8 million initiative to provide veterans with down payment and closing costs assistance to purchase new homes in Florida, part of a broader effort to ease veterans’ transition from active duty service to civilian life and attract more veterans to the state.

“The governor announced the initiative, officially called the “Salute Our Soldiers Military Housing Loan Program,” at the University of West Florida on Wednesday. The announcement came just hours after he was at the Pensacola International Airport to announce a $4.8 million grant for the expansion of ST Engineering’s new campus in Pensacola.

“The military housing loan program will take effect March 2, the governor told reporters, veterans and UWF staff gathered in the president’s office building on Wednesday. It will be available to both active duty military personnel and veterans, and will be administered by the Florida Housing Finance Corp. The plan will also offer assistance for securing low-interest mortgages.

“”These funds will assist over 1,000 veterans and active duty members by making the home buying process easier and more affordable. … More veterans calling Florida home is good for our state,” DeSantis said. “We look forward to the positive impacts that this program will have on the lives of our veterans. But this is also a selfish thing, because the veterans have a very positive impact on communities here in the state of Florida.””

Sanibel & Captiva Islands Multiple Listing Service Sanibel realtors logoActivity February 14-21, 2020

Sanibel

CONDOS

4 new listings: Tennisplace #B24 2/1.5 $339K, Casa Blanca #4 1/1 $360K, White Sands #23 2/2 $1.199M (our listing), La Playa #B3 3/2 $1.595M.

White Sands Aerial With Yellow Arrow on 23

The yellow arrow points to White Sands #23 where the gulf view is fantastic!

 

10 price changes: Mariner Pointe #952 1/1 now $389K; Sundial #I405 1/1 now $419K; Pointe Santo #D21 2/2 now $569K; Loggerhead Cay #263 2/2 now $628K; Compass Point #222 2/2 now $649K; Villa Sanibel #2H 2/2 now $717,007; Heron at The Sanctuary #3B 3/2.5 now $799K; Sanibel Surfside #126 2/2 now $824K; Gulfside Place #222 2/2 now $1.195M (our listing); Atrium 103 2/2 now $1.248M.

IMG_7811

This view at Gulfside Place #222.

No new sales.

2 closed sales: Sandpebble #1A 2/2 $400K, Surfside 12 #A1 3/2 $690K.

HOMES

6 new listings: 2150 Egret Cir 3/2 $678K, 1021 Sand Castle Rd 2/2 $710K, 975 Sand Castle Rd 3/2.5 $789K, 1761 Venus Dr 4/4 $2.3M, 1558 San Carlos Bay Dr 3/3.5 $2.989M, 4381 West Gulf Dr 5/5.5 $11.5M.

20 price changes: 730 Cardium St 2/2 now $549K, 970 Palm St 3/2 now $559K, 1973 Wild Lime Dr 4/3 now $574.9K, 1954 Roseate Ln 3/2 now $579.9K, 550 Leather Fern Pl 3/2 now $629K, 1014 S.Yachtsman Dr 3/3 now $710K, 701 Nerita St 3/2 now $712K, 1085 Sand Castle Rd 3/2 now $719K, 1978 Roseate Ln 3/2 now $730K, 1285 Par View Dr 4/2.5 now $839K, 1501 Sand Castle Rd 5/3.5 now $879K, 401 Lagoon Dr 4/4 now $920K, 979 Whelk Dr 3/2.5 now $969K, 792 Birdie View Pt 3/3.5 now $1.027M, 3358 St.Kilda Rd 3/3 now $1.047M, 6425 Pine Ave 4/3 now $1.395M, 2391 Shop Rd 3/2.5 now $1.799M, 1323 Seaspray Ln 4/4.5 now $1.975M, 2964 Wulfert Rd 5/5.5 now $3.35M, 4014 West Gulf Dr 4/3 now $3.499M

10 new sales: 430 Old Trail Rd 3/2.5 listed at $547K, 1717 Sand Pebble Way 3/2 listed at $609K, 5303 Lady Finger Lake Rd 3/2 listed at $679K, 1410 Albatross Rd 3/3 listed at $779K, 822 Beach Rd 4/4 duplex listed at $819K, 1283 Isabel Dr 3/2 listed at $1.1M, 532 Sea Oats Dr 3/4 listed at $1.195M, 637 Lighthouse Way 3/4 listed at $1.2799M, 4630 Rue Bayou 4/4.5 listed at $1.389M, 5044 Joewood Dr 4/4.5 listed at $2.15M.

2 closed sales: 1851 Farm Trl 3/2 $545K, 1414 Causey Ct 3/2 $851K.

LOTS

2 new listings: 971 Main St $205K, 5749 Sanibel-Captiva Rd $672K.

No price changes, new, or closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #5110 1/2 $369.5K.

No price changes.

3 new sales: Tennis Villas #3119 1/1 listed at $285K, Tennis Villas #3220 1/1 listed at $329.9K, Lands End Village #1619 2/2 listed at $1.549M.

2 closed sales: Tennis Villas #3137 2/2 $465K, Beach Cottages #1404 2/2 $1.245M.

HOMES

1 new listing: 11542 Wightman Ln 5/5 $3.2M.

No price changes, new, or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, here’s hoping your weather is like Southwest Florida, where it’s fantastic even when the sun isn’t out! Enjoy your weekend,

Susan Andrews, aka SanibelSusan

Happy Valentines’ Day & Presidents’ Weekend on Sanibel


Reporting another summer-like week on sunny Sanibel. Recent daytime temperatures have hit 80°F almost every day. Similar weather is expected to continue for the next week, probably much to the delight of vacationers and holiday visitors. The island is packed, so careful planning, dinner reservations, and patience are needed, but there certainly are no complaints from The SanibelSusan Team. Our listings are getting inquiries and showings.

Chateau 6-07-17

The action posted in the Sanibel & Captiva Multiple Listing Service follows a few news items below. You may have noticed from these weekly MLS reports that the number of new listings each week and the number of price reductions exceed the number of sales. Price reductions are common in February and March, even with Easter late this year (not until April 12). It is unusual though to have so many new listings this far into “high season”. The SanibelSusan Team is looking for listings though – so if you know of anyone thinking of selling, please let us be referral.

Presidents’ Weekend on Sanibel

rotary logoRotary Arts & Crafts Festival This Weekend – As mentioned last week, tomorrow begins the 37th Sanibel-Captiva Rotary Arts & Crafts Festival which is held at The Community House and City Park across the street from our office. Open Saturday from 10 a.m. to 5 p.m. and again on Sunday from 10 a.m. to 4 p.m.

ding darling goose logo

At the Wildlife Refuge on Monday – In honor of Presidents’ Day and by federal order, all motorists, cyclists, and pedestrians can enjoy Wildlife Drive and its trail fee-free on February 17. The Refuge Visitor & Education Center, Bailey Tract, and Tarpon Bay Explorers will remain open for normal operating hours, while all Refuge and Ding Darling Wildlife Society offices will be closed.

Green Iguanas May Be Prohibited Here

SCCF logoA guest commentary by Chris Lechowicz, SCCF (Sanibel-Captiva Conservation Foundation) Wildlife and Habitat Manager, was posted in this week’s “Island Reporter”. It says that SCCF urges islanders to support a bill currently making its way through Florida’s Legislature. Here are excerpts from the article:

“The exotic green iguana may join the Burmese python and Nile monitor lizard on Florida’s list of prohibited reptiles if a bill makes it through the Legislature this session.

“Approved unanimously by a Senate committee on Jan 21, the bill is awaiting discussion in committee in the House, and second committee discussion in the Senate. The bill would add green iguanas as well as black and white tegus – another invasive lizard – to the state’s prohibited list that bans the importation, possession, sale and breeding of those species in Florida. Some other species already on the list are Burmese pythons, both African python species and Nile monitors due to their threats to natural ecosystems.

green iguana“Introduced into Florida in 1964, the green iguana became established as a sustainable breeding population just a few years ago. The green iguana was first reported on Sanibel in 1970. These exotic lizards are native to most of Central America, over half of South America, and parts of Mexico. Wild-caught green iguanas have been imported as pets since well before that time and still are today. Currently, however, most are farmed for export.

“In several of their native countries, they are prized for their meat and can be scarce as a result.

“There are a few scattered Florida records from the central peninsula and the Panhandle but the majority of their range is the state is right along the coast from Lee County on the west coast and St. Lucie County on the east coast all the way through the Florida Keys to Key West.

“Their range in Florida is restricted by cold weather, hence most of their range is along the coast and throughout the Keys where temperatures stay higher than in inland areas. During extended cool weather snaps in the 30’s or low 40’s in South Florida, green iguanas, which are an arboreal species, become unable to hold on to their perches and often fall to the ground immobilized.

“They are relatively common on Sanibel where 4,915 green iguanas have been trapped and removed since 2015, at the annual cost of about $40,000 to the city. In October, Lee County approved $25,000 to trap and remove them from Captiva.

“The green iguanas prefer to live, although not exclusively, in developed areas around homes and businesses where exotic vegetation such as hibiscus, colorful exotic flowers and vegetable gardens are plentiful. If left unchecked, they can become very dense in these areas and are considered a nuisance, especially in March here on the islands when they dig multiple large burrows in order to lay their eggs in. Damage is primarily caused when iguanas dig their burrow under a sidewalk, along sea walls or canal banks.

“The Sanibel-Captiva Conservation Foundation urges islanders to support this bill. Sign up for Action Alerts at sccf.org to know when and who to contact on this and other important issues being considered in the current legislative session.”

Sanibel Gets Serious About Short-Term Rentals

Sanibelcityseal logoInteresting article by Wendy McMullen in today’s “Island Sun”:

“Owners of rental properties beware. A new code enforcement officer has been hired to check that homes and condos are being rented in accordance with city rules.

“Concern has been growing among city council members about the possibility of the state banning cities from restricting rentals and the grown of multiple platforms for renting homes short term.

“There was a time when almost all rentals on the island were done through licensed rental agencies abiding by the rules. Now Airbnb (Air Bed and Breakfast), VRBO (Vacation Rentals by Owner) and a myriad of other sites make it easy for homeowners to rent their properties for a day, a week or a month without necessarily following city regulations.

“The minimum rental period for single-family homes on Sanibel, with a few exceptions, is one month. The minimum rental period for condominiums varies according to the condo association rules….

“In order to counteract the growing number of private rentals, the city is hiring a code enforcement officer to focus specifically on rental violations and sending out advisory letters and applications to holders of business tax receipts for property rental on Sanibel.

“But there is concern about the application for a city license being overly intrusive, requiring owners to agree to things they could not possibly control. For example, owners could not agree to a demand that they ensure renters do not contravene city laws…. Several residents and organizations also had problems with the (application) fees charged…

“City council agreed to revise the application and to look at the fee structure.”

Stay tuned.

Sanibel & Captiva Islands Multiple Listing Service Activity February 7-14, 2020

Sanibel realtors logoSanibel

CONDOS

5 new listings: Casa Blanca #6 1/1 $363K, Sundial #D205 1/1 $465K, Mariner Pointe #542 2/2 $590K, Sanddollar #B104 2/2 $1.175M, Sundial #L404 2/2 $1.35M.

10 price changes: Captains Walk #B3 1/1 now $229.9K, Sanibel Arms #C7 1/1 now $368K, Sandalfoot #4B2 1/1 now $499K, Seawind #A107 2/2.5 now $559.9K, Mariner Pointe #421 2/2.5 now $599.9K, Yacht Haven #2 3/2 now $999K, Gulfside Place #221 2/2 now $1.179M, Seascape #304 3/3 now $1.2499M, High Tide #A101 2/2 now $1.295M, Sandals #A 3/3.5 now $1.937M.

5 new sales: Blind Pass #C204 2/2.5 listed at $489K, Mariner Pointe #1052 2/2 listed at $499.9K, Mariner Pointe #642 2/2 listed at $570K, Island Beach Club #220B 2/2 listed at $700K, Cyprina Beach #1 3/3 listed at $1.395M.

5 closed sales: Sundial #H210 1/1 $369K, Kimball Lodge #223 1/1.5 $395K, Blind Pass #F204 2/2.5 $427.5K, Snug Harbor #312 3/2 $580K, La Playa #B1 3/2 $1.15M.

HOMES

12 new listings: 968 Greenwood Ct S 3/2.5 half-duplex $414,999 (our listing); 9036 Mockingbird Dr 3/2 $679K; 987 Sand Castle Rd 4/3.5 $749K; 1296 Par View Dr 3/3 $779K; 1589 Sand Castle Rd 3/3 $895K; 3751 Coquina Dr 3/2 $895K; 1430 Causey Ct 3/2 $972K; 776 Conch Ct 3/2 $995K; 2439 Harbour Ln 3/3 $1.295M; 3706 West Gulf Dr 4/3 $1.375M; 1175 Bird Ln 4/3/2 $3.395M, 4577 Waters Edge Ln 4/3 $3.395M.

default

Aerial showing location of new listing at 968 Greenwood Ct S, convenient to causeway & bay, plus community beach access on East Gulf Dr

17 price changes: 1027 Sand Castle Rd 2/2 now $469K, 1856 Ardsley Way 3/2 now $499K, 730 Cardium St 2/2 now $554K, 1717 Sand Pebble Way 3/2 now $609K, 718 Durion Ct 3/2 now $645K, 1559 Sand Castle Rd 3/2 now $690K, 1807 Serenity Ln 3/2 now $725K, 731 Durion Ct 3/2 now $737K, 1031 Sand Castle Rd 3/3 now $775K, 5422 Shearwater Dr 3/2.5 now $849K, 1501 Sand Castle Rd 5/3.5 now $889K, 1752 Jewel Box Dr 2/2 now $889K, 2385 Wulfert Rd 4/5 now $1.099M, 6101 Starling Way 3/3.5 now $1.149M, 1671 Hibiscus Dr 5/3 now $1.199M, 2477 Wulfert Rd 3/4 now $1.249M, 1460 Middle Gulf Dr 4/4.5 now $1.8M.

7 new sales: 1607 Sand Castle Rd 3/2.5 half-duplex listed at $579K, 1800 Ardsley Way 3/2 listed at $679K, 9057 Mockingbird Dr 4/2 listed at $679K, 1740 Middle gulf Dr 4/3 listed at $799K, 1244 Par View Dr 4/3 listed at $849K, 675 Gopher Walk Way 3/2.5 listed at $1.195M, 872 Limpet Dr 3/3 listed at $1.395M.

5 closed sales: 668 Anchor Dr 3/2 $885,250; 5402 Osprey Ct 4/3 $955K; 1717 Venus Dr 3/2.5 $1.03M, 430 Glory Cir 4/5.5 $1.14M; 5250 Caloosa End Ln 3/2.5 $1.2M.

LOTS

No new listings.

1 price change: 1226 Isabel Dr now $1.239M.

No new or closed sales.

Captiva

CONDOS

1 new listing: Captiva Shores #7B 3/2.5 $1.55M.

1 price change: Tennis Villas #3120 1/1 now $312K.

1 new sale: Beach Homes #33 3/2 listed at $1.799M.

No closed sales.

HOMES

No new listings.

2 price changes: 11540 Laika Ln 3/2.5 now $1.235M, 15879 Captiva Dr 3/3 now $2.389M.

No new sales.

1 closed sale: 11501 Laika Ln 3/3 $1.225M.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

valentineEnjoy your Valentines’ Day!

Susan Andrews, aka SanibelSusan

If This Weather Is Winter, It’s The Best!


 

View c

Today Southwest Florida had a big change in temperature due to a front that passed through the state last night bringing brief heavy rain and high winds. Tornado warnings were issued for much of the state during the night. It reached the islands in the wee hours of the morning and looked this morning that the only evidence other than a few puddles is some palm frond debris.

Yesterday, it was bright and sunny with some local temperatures recorded in the mid-80’s. Today, it is partly cloudy with temperatures not expected to get out of the 60’s. The cool weather is expected to be short lived though, with the forecast saying that beginning tomorrow days will be back to the mostly sunny 70-something typical-February weather. No more rain is expected until Valentine’s Day.

At SanibelSusan Realty Associates

OfficeBikePathIt was a busy week – proof that it’s February! Hooray! Our weekly report of what was posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service follows some news items below.

It was a full house at the local Association of Realtors® Caravan Meeting yesterday where I was pleased to announce another listing sold. Though sales have picked up, a lot of inventory remains, way more supply than demand. As each year gets going, it is interesting to compare January activity from year-to-year, so FYI below are the Sanibel statistics from recent years, plus the heyday year of 2006 too. They show how our market was rebounding nicely from the recession until the red tide woes in the summer of 2018. The market still is recovering from that, but the good news is the number of sales is up for all property types – condos, homes, and lots.

Sanibel
Condos Homes Lots
# Avg Price $ # Avg Price $ # Avg Price $
Available today 135 828,146 203 1,424,785 72 676,529
Under contract 24 785,083 33 1,180,466 3 1,056,333
Sold: Jan 2020 11 650,060 15 848,775 2 1,434,333
         Jan 2019 6 626,875 9 1,057,220 0 N/A
         Jan 2018 9 955,788 22 1,460,568 1 263,000
         Jan 2017 12 777,958 20 902,200 4 295,579
         Jan 2016 15 522,550 10 826,500 3 376,000
         Jan 2006 18 817,363 9 919,588 1 600,000

Note: “Avg Price $” is asking price for “Available today” & “Under contract”, otherwise the sale price.

Rate Drop: 30-Year Mortgages Hit Lowest Point in Three Years

associated-press-logoThe Associated Press article was posted yesterday on Florida Realtors®. Great news for those looking to buy with financing. “Long-term mortgage rates fell for the third straight week, with the average 30-year fixed-rate mortgage dropping to 3.45% from last week’s 3.51%.

“WASHINGTON (AP) – U.S. long-term mortgage rates fell this week for the third straight week, as the benchmark 30-year loan marked its lowest point in three years.

“Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51% last week. The key rate stood at 4.41% a year ago.

“The average rate on a 15-year mortgage eased to 2.97% from 3% last week.

“The historically low rates have been a boom for potential home buyers. A positive outlook has come from signs of strength in the U.S. economy recently and expectations that the global economy could start to expand more quickly after being held back by trade conflicts.

“Federal Reserve policymakers continued to hold interest rates low at their latest meeting last week. But the Fed chair warned that the viral outbreak in China poses a new threat to the strengthening global economy.

“Freddie Mac surveys lenders nationwide between Monday and Wednesday each week to compile its mortgage rate figures. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates.

“The average fee on 30-year fixed-rate mortgages was unchanged from last week at 0.7 point. The average fee for the 15-year mortgage also remained at 0.7 point.

“The average rate for a five-year adjustable-rate mortgage rose to 3.32% from 3.24% last week. The fee slipped to 0.2 point from 0.3 point.”

Top Four Things Florida Realtors® Are Watching for This Year

Florida Realtors logoFlorida Realtors’ public policy team is in Tallahassee fighting for affordable housing, property-owner rights and more. This week many representatives from local Realtor® Associations throughout the state also were in Tallahassee meeting with state representatives at an annual event known as GARD (Great American Realtor® Days).

DeSantis 2020 Great American Realtor Days lunch

Gov DeSantis speaking at the 2020 GARD Luncheon in Tallahassee

As posted on Florida Realtors®: “Florida’s 2020 legislative session brings new opportunities to promote the Realtor® profession and defend the rights of property owners throughout the state. Each session is scheduled to last 60 days, during which time many different bills will be discussed, debated and voted on that could affect the Realtor® profession.

“Before each session, Florida Realtors® identifies legislative priorities that it will take an active role in supporting. This year, the organization will be focusing on four legislative priorities designed to protect the rights of homeowners, promote business and community growth, safeguard Florida’s natural resources, and provide Floridians with more affordable housing options.

““2019 was an incredibly successful session for Florida Realtors®, giving us great momentum as we head into 2020,” says Danielle Scoggins, vice president of public policy for Florida Realtors®. “We are particularly excited to see that Governor DeSantis is once again fully in support of two of our priorities – protecting the environment and fully funding the housing trust funds. We are very hopeful that his support, combined with last year’s momentum, will make 2020 a fantastic legislative year for our members.”

“Here is a quick overview of Florida Realtors®’ top four 2020 legislative priorities:

“1. Water quality and environmental funding – Water is the lifeblood of all Florida residents and visitors to our state. It forms the foundation of our communities and must be protected. Florida Realtors® will continue to advocate for Florida’s natural resources and a pristine environment. We will also encourage all stakeholders, including the state of Florida, to do their part to help solve environmental problems such as red tide.

“2. Affordable housing – The state and local government housing trust funds were created in the early 1990s to help Floridians in good times and bad. They are supported entirely by a portion of the doc-stamp taxes charged on every real estate transaction. For thousands of families, these funds are the only way to realize the American dream of home ownership. They also provide housing rehabilitation and rental assistance to Florida’s homeless, veterans, seniors, and persons with disabilities. Down payment and closing cost assistance are vital to helping low-income families achieve the dream of home ownership. These programs are funded through the local government housing trust fund. Florida Realtors® will continue to advocate for these trust funds to be used for housing purposes.

“3. Business rent tax – Effective January 1, 2020, Florida’s sales tax rate charged on business rent became 5.5%. This rate has been reduced three years in a row. Continuing to lower the business rent tax will provide Florida businesses with the capital to expand, hire more employees, improve benefits, and raise salaries. Florida Realtors®is grateful for the support of the Florida Legislature for reducing the state sales tax rate on commercial space to 5.5%. These three consecutive years of rate cuts have saved Florida businesses $156 million.

Florida Realtors® will continue to advocate for further reductions to this tax, focusing on commercial real estate and the businesses that rent these spaces.

“4. Private-property rights – The Internet has made it easier for homeowners to rent their property. This has expanded housing options for individuals who live in, or travel to, Florida. In response, many local governments have enacted new ordinances designed to discourage property owners from exercising their right to rent their property. State and local Realtor® associations are focused on monitoring local regulatory activity and taking action to protect private property rights.  Being able to rent your home is a fundamental right of property owners. Local government regulations, such as local licensing requirements and guest restrictions, can infringe upon this fundamental right in significant ways. Florida Realtors®will continue to advocate for solutions that protect the rights of private property owners.”

Island Scoop & Upcoming Events

rotary logoRotary Arts & Crafts Festival Next Weekend – This will be the 37th year for this annual event which is expected to bring 7,000 visitors. It is at The Community House both Saturday and Sunday, February 15 and 16, from 10 a.m. to 5 p.m. Saturday and 10 a.m. to 4 p.m. Sunday.

Sanibel Fish House Gets Outdoor Seating – They now have outdoor seating on their new patio. Check out the red umbrellas next time you go by, or better yet, stop in and dine outside for lunch or dinner.

Museum LogoTwilight Talks On-Line – If you missed the Sanibel Historical Museum’s Twilight Talk last year about the history of Periwinkle Park. The museum has added that video to their website. To view it, go to www.sanibelmuseum.org, click on “News”, then click on “Twilight Talks”. It’s the one marked April 2019. Future Twilight Talks will be posted on-line too.

Homestead Deadline Approaching for New Lee County Homeowners

LeePALogoThe homestead application filing deadline in Lee County, Florida is March 1. The exemption is a constitutional benefit of up to a $50,000 exemption deducted from the assessed value of a property. Those who may file for the exemption are individuals whose names appear on the deed, who reside in the property as of January 1, and who are bona fide Florida residents as of January 1. To be eligible for the exemption in the 2020 tax year, an owner must file an Application for Homestead and related documents to the County Property appraiser no later than March 1, 2020. Only new applicants or those who had a change of residence need apply. For individuals who have previously been approved for homestead exemption, notices of automatic renewals go out each January from the Lee County Property Appraiser. In Lee County, owners may apply for the exemption by mail, in person, or on-line. www.leepa.org has more info.

Sanibel & Captiva Islands Multiple Listing Service Activity January 31 – February 7, 2020

Sanibel realtors logoSanibel

CONDOS

No new listings.

6 price changes: Sandpebble #4E 2/2 now $479K, Sanibel Arms #2F 1/1 now $499K, Sanibel Arms West #B2 2/2 now $539.9K, Sanibel Arms West #H5 2/2 now $549K, Villa Sanibel #3A 2/2 now $669K, Sand Pointe #227 2/2 now $729K.

5 new sales: Coquina Beach #5A 2/2 listed at $468K, Mariner Pointe #642 2/2 listed at $570K, Sanibel Moorings #311 2/2 2/2 listed at $599K, Sanibel Siesta #601 2/2 listed at $725K, Pointe Santo #C2 2/2 listed at $765K.

6 closed sales: Blind Pass #E207 2/2.5 $377.5K, Sundial #F408 1/1 $485K, Mariner Pointe #321 3/2 $526.67K, Loggerhead Cay #581 2/2 $675K, Sanibel Moorings #1111 2/2 $890K, Golden Beach #3 3/2.5 $1.4M.

HOMES

9 new listings:  1073 Sand Castle Rd 3/2 $795K, 9128 Mockingbird Dr 3/2 $780K, 1740 Middle Gulf Dr 4/3 $799K, 1271 Sand Castle Rd 3/2.5 $925K, 917 Lindgren Blvd 3/2 $940K, 3358 St. Kilda Rd 3/3 $1.099M, 675 Gopher Walk Way 3/2.5 $1.195M, 1717 Jewel Box Dr 3/3.5 $2.395M, 4955 Joewood Dr 6/4.5 $3.395M.

13 price changes: 1684 Bunting Ln 2/2 now $475K; 730 Cardium St 2/2 now $559K; 1845 Ardsley Way 3/3 now $575,555; 746 Cardium St 4/2 duplex now $649K; 1076 Sand Castle Rd 2/2 now $675,555; 5297 Punta Caloosa Ct 3/2 now $689K; 5834 Pine Tree Dr 2/2 now $779,555; 543 Boulder Dr 3/2 now $809,999; 1271 Par View Dr 3/3 now $939K; 1560 Royal Poinciana Dr 3/2 now $995K; 261 Ferry Landing Dr 2/2 now $1.049M; 912 Kings Crown Dr 3/3.5 now $1.35M; 872 Limpet Dr 3/3 now $1.395M.

5 new sales: 965 Beach Rd 3/2 half-duplex listed at $499K, 430 Old Trail Rd 3/2.5 listed at $547K, 9448 Begonia Ct 3/2.5 listed at $549K (our listing), 430 Glory Cir 4/5.5 listed at $1.14M, 9019 Mockingbird Dr 4/4 listed at $1.325M.

7 closed sales: 325 East Gulf Dr 1/1 $480K, 569 Lake Murex Cir 3/2 $499.5K, 9052 Mockingbird Ln $555K, 749 Cardium St 3/2 $598K, 9446 Beverly Ln 3/3.5 $610K, 2569 Coconut Dr 3/2 $905K, 1540 San Carlos Bay Dr 4/4.5 $3.95M.

LOTS

No new listings or price changes.

3 new sales: 4538 Bowen Bayou Rd listed at $220K, 1331 Par View Dr listed at $349K, 4995 Joewood Dr listed at $2.6M.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Cottages #1423 2/2 $1.21M.

1 price change: Seabreeze #1253 3/3 now 1.595M.

No new sales.

1 closed sale: Marina Villas #904 2/2 $759K.

HOMES

1 new listing: 17201 Captiva Dr 5/4 $5.5M.

2 price changes: 16531 Captiva Dr 8/8 now $2.495M, 11549 Wightman Ln 3/4 now $3.395M.

No new or closed sales.

LOTS

No new listings or price changes.

1 new sale: auctioned: 16151 & 16155 Captiva Dr listed at $5.9M.

No closed sales.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, here a graphic with some positive info:

Who We ARe 2020 Market

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

Just Another Happy Friday at SanibelSusan Realty


It’s SanibelSusan reporting that it is great to be back from Orlando to the warmth of Sanibel and Captiva Islands. How spoiled one becomes, especially in the winter, living in this tropical paradise. Like in past years, the Florida Realtors® Mid-Winter Business Meetings ended with an uptick in real estate action at home.

With the arrival of February visitors this weekend, there is expected to be a big turnover tomorrow of not just vacation condos but also Sanibel seasonal-rental homes. Rental managers and hotels report few, if any vacancies, next month, so we also expect busy weeks ahead. A report of all that happened this week in the islands Multiple Listing Service follows a couple of news items below.

Lee County County Commissioner Approve Funding for Santiva Beach Erosion Project

At its January 21 Lee County Board of County Commissioners meeting, following recommendation from the Lee County Tourist Development Council, commissioners voted to approve funds for the entire cost of Sanibel’s emergency shore protection project along the north end of Sanibel-Captiva Road. The nearly $1.4 million funding request will use money from Tourist Development Tax reserve funds to protect against continued erosion south of Blind Pass in a critical erosion area.

Temporary protective measures were approved by Sanibel City Council in December and already are in place and working. This new permanent project went out for bid in early January, with this work expected to begin in early March and be completed by the start of turtle nesting season, May 1.

Two Florida Destinations Were Named on the 50 Most Beautiful Places in The World List

Posted on January 28 on www.OnlyInYourState.com in an article by Marisa Roman:

“Florida sure does have some breathtaking natural beauty. While it’s true that many visitors to Florida come for the magic of Orlando, or the sunny beaches of Miami, there are a few other hidden pockets of beauty that are a must-see. Recently, U.S. News Travel revealed their list of the 50 Most Beautiful Places In The World, and it’s no surprise that Florida has not one, but TWO islands that made the cut.

“According to U.S. News Travel, both Sanibel Island and Captiva Island made the list as two of the 50 most beautiful places in the world, and we couldn’t agree more. The two stunning islands are right off the coast of Florida but taking a trip to these gems can end up being the perfect tropical vacation.

“Together, Sanibel and Captiva have around 15 miles of stunning sandy beaches, plus there are no stoplights which makes any visit feel more like a secluded paradise. There are so many different ways to enjoy these islands, from collecting seashells to snorkeling to walking the shoreline with family. Sanibel Island is known for having the best seashell beach in America, with a variety of seashells in all different shapes, sizes, and color.

While Captiva has been known to have some crisp, clear views of the Milky Way from time-to-time.

“While the two islands in Florida may look like they are one giant area, each island has its own set of restaurants, beaches, and activities to partake in. But regardless of which island you choose to visit, you are likely going to get stunning sunsets and tropical vibes no matter what. Visit Sanibel Island & Captiva Island in Florida and see for yourself why they made the list for most beautiful places in the world.

“Have you ever been to either of these islands in Florida before? Share with us your experience in the comments section! Or if you’re looking for more reason as to why Sanibel Island is an absolute must-visit, then check out why it’s the best place in America to hunt for seashells.”

Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service

Though attendance was average at the Association’s weekly caravan meeting yesterday, only a few new sales were announced. Earlier in the week, our MLS Director posted the below graphics of the islands’ 4th quarter 2019 sales statistics.

Island inventory today is plentiful. On Sanibel, there are more condos for sale than sold last year and about a year’s worth of home inventory. Though build-out is looming, there are 75 residential lots for sale on Sanibel, compared to 15 sales last year.

On Captiva, 40 condos, 43 homes, and 5 lots are for sale. Those numbers compare to 29 condos, 17 homes, and just 1 lot sold in all of 2019.

So, for prudent buyers there are plenty of choices. Our hope is that election year politics and water quality worries don’t prevent winter prospects from purchasing. Today, the water remains beautiful with no red tide reported anywhere in Florida. (Photo below taken yesterday (January 30, 2020) by Jim Szabo with SanCap Aerial Photography.)

Some ‘Luxury’ Home Features Becoming ‘Standard’

Posted this week on-line at FloridaRealtors®:

“Builders say some the home elements that were considered upgrades only a few years ago are a standard element of most new home construction today – items such as laundry rooms, walk-in master closets and low-emissivity (low-e) windows.

“LAS VEGAS – First-time and repeat buyers say they’d rather have a smaller home with high-quality amenities than a bigger property with fewer such features, according to a survey the National Association of Home Builders released during the International Builders’ Show last week in Las Vegas.

“NAHB’s report, titled “What Home Buyers Really Want,” identified the following features as being most desired by both segments of buyers.

  • Laundry rooms
  • Energy Star–rated windows
  • Hardwood flooring
  • Walk-in pantries
  • Patios
  • Ceiling fans
  • Kitchen double sink

“Builders report that designers are including flexible spaces that add greater functionality to laundry rooms. They’re also creating more outdoor spaces to seamlessly integrate indoor and outdoor living. The survey also uncovered the most likely features that single-family homebuilders say is becoming standard in most new homes built today, including

  • walk-in master closets
  • low-emissivity (low-e) window
  • laundry rooms

“Builders say they’re also more likely to add energy efficient features, such as lighting, programmable thermostats and Energy Star-rated appliances.

“The open design concept, along with great rooms and 9-plus-foot ceilings on the first floor, is also becoming common in newly built homes, the survey finds.”

Source: National Association of Home Builders

Sanibel & Captiva Islands Multiple Listing Service Activity January 24-31, 2020

Sanibel

CONDOS

7 new listings: Sanibel Arms West #A3 2/2 $548.5K, Sanibel Arms West #H6 2/2 $549K, Sanibel Arms West #B4 2/2 $559K, Lighthouse Point #111 2/2 $645K, Pointe Santo #C2 2/2 $765K, Gulfside Place #214 2/2 $1.32M, High Tide #B302 3/2 $2.495M.

7 price changes: Spanish Cay #F8 2/2 now $379K, Sanibel Arms West #M2 2/2 now $548.5K, Loggerhead Cay #324 2/2 now $569K, Mariner Pointe #642 2/2 now $570K, Compass Point #222 2/2 now $669K, Island Beach Club #220B 2/2 now $700K, Sundial #K402 2/2 now $1.1699M.

4 new sales: Mariner Pointe #731 2/2 listed at $539K (our buyer), Lighthouse Point #114 3/2 listed at $679K, Signal Inn #18 3/2 listed at $1.175M, La Playa #B1 3/2 listed at $1.299M.

2 closed sales: Sundial #C204 1/1 $460K, Sanctuary Golf Villages I #2-5 2/2.5 $683K.

HOMES

9 new listings: 499 Peachtree Rd 2/2 $474K, 970 Palm St 3/2 $569K, 500 Sea Oats Dr 3/2 $759.9K, 9421 Moonlight Dr 3/2 $799K, 1199 Par View Dr 3/2.5 $999K, 9019 Mockingbird Dr 4/4 $1.325M, 3851 Coquina Dr 3/2.5 $1.389M, 769 Pyrula Ave 3/3.5 $1.395M, 418 Bella Vista Way 4/4 $2.195M.

13 price changes: 9195 Dimmick Dr 2/2 now $419K, 1356 Jamaica Dr 2/1.5 now $549K, 730 Cardium St 2/2 now $564K, 743 Windlass Way 3/2 now $599K, 433 Lake Murex Cir 3/2 now $599K, 1717 Sand Pebble way 3/2 now $619K, 1978 Roseate Ln 3/2 now $732.5K, 1740 Middle Gulf Dr 4/3 now $799K, 1285 Par View Dr 4/2.5 now $849.5K, 1747 Jewel Box Dr 3/2 now $975K, 641 Lake Murex Cir 4/3 now $997.5K, 842 Limpet Dr 3/3.5 now $1.995M (our listing), 1237 Isabel Dr 5/6.5 now $2.749M.

Mama & baby dolphin in the canal at 842 Limpet Dr

8 new sales: 5745 Pine Tree Dr 2/1 listed at $498K, 1925 Roseate Ln 2/2 listed at $639K, 5672 Sanibel-Captiva Rd 3/2 listed at $715K, 335 Cowry Ct 4/3.5 listed at $799.9K, 1056 S.Yachtsman Dr 3/2 listed at $879K, 911 S.Yachtsman Dr 3/3 listed at $1.195M, 2857 Wulfert Rd 4/5 listed at $1.199M, 3757 West Gulf Dr 4/4 listed at $6.499M.

2 closed sales: 1611 Sand Castle Rd 3/2.5 half-duplex $469K, 982 Whelk Dr 3/2.5 $1M.

LOTS

1 new listing: 9042 Mockingbird Dr $395K.

1 price change: 2372 Wulfert Rd now $148K.

No new sales.

1 closed sale: 2510 Coconut Dr $668,666.

Captiva

CONDOS

No new listings.

3 price changes: Tennis Villas #3119 1/1 now $294K, Lands End Village #1667 2/2 now $1.184M, Beach Homes #25 3/2 now $1.995M.

1 new sale: Beach Cottages #1404 2/2 listed at $1.245M.

1 closed sale: Bayside Villas #5316 3/3 $630K.

HOMES

No new listings.

3 price changes: 41 Oster Ct 2/2.5 now $998K, 11523 Andy Rosse Ln 5/5.5 now $2.189M, 1124 Longifolia Ct 4/5 now $2.988M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, may your Superbowl favorite be a winner, & your February bright!

Susan Andrews, aka SanibelSusan

From Orlando to Sanibel Island


Below is an update from the leadership team meetings I attended this week at Florida Realtors®, followed by an article with info about seniors, and then the Sanibel & Captiva Islands Multiple Listing Service activity since last Friday.

SanibelSusan’s Report from Florida Realtors®

It has been a busy three days in Orlando with the Florida Realtors® leadership team at the Renaissance at Sea World.

Wednesday was the all-day instructor auditions where 57 prospective instructors tried out before seven rooms of panelists. First a teacher must be approved to become a member of Florida Realtors® faculty. Then, they must audition again for each class they want to instruct. With this many, it was a long, but productive day. Serving as a panelist is rewarding, in many ways.

That night, Sanibel & Captiva Islands Association of Realtors won three state RPAC awards.

Yesterday, at the 2020 Florida Real Estate Trends presentation, I heard Florida Realtors Chief Economist Dr Brad O’Connor and Dr Sean Snaith who is Director of the University of Central Florida’s Institute for Economic Forecasting. If you are thinking that these statistical guys were boring, think again. Not only did they make looking at numbers fun, their outlooks for Florida are bright.

Dr Snaith’s big concern is the $23+trillion national debt. 27% of that debt is in intra government holdings including Social Security’s trust fund and the Federal Reserve Bank. The Social Security fund has surplus right now because so many baby boomers are still working and paying in. This surplus will go away, likely meaning that $5 trillion in debt will need to be absorbed by the government.

Comparing U.S. debt to other countries, remember the Greek crisis in 2010, that is still felt there today? Their total debt was $380 billion. (Ours in a single quarter is greater than that.)

Now for the good news. Business stimulus from the Trump administration has boosted investment, which boosts productivity, which boosts wages and salaries. Regulation relief also has reduced GDP an average of 2% a year. The regulations in the 70’s doubled GDP then. We all know regulations are needed, but consideration is needed on how they affect the economy and their unintended consequences. Dr Snaith said, “the secret sauce to economic growth is productivity” which increases with less regulation.

Regarding trade, he said, “though it had been the longest recovery in U.S. economic history, any way you look at it, our labor market is strong.” He expects no Federal rate change in 2020, while U.S. economy continues to grow. The momentum is strong with Florida’s economy better than the national average since 2012.

Unemployment here is just 3.3% with Florida business expected to continue to grow, particularly in areas of professional and business, hospitality, and health services.

Fastest growing area in the nation is The Villages (in Florida). The Ft Myers area is 7th fastest growing in the country. Naples/Marco Island area is 19th.

Nation wide, real estate sales to foreign buyers is down 30%, but domestic buyers are picking up the slack. Overall, the economists expect 2020 to be very good to Florida.

Last night was the installation of 2020 officers and inaugural banquet.

At Florida Realtors, so far today, I attended the Professional Development Committee meeting (where our new instructors and classes were officially approved) and the Legal & Professional Update by Florida Realtors attorneys.

Next up are our District meeting and RPAC Jamboree. 

No Place Like Home

Seniors have lots of options to adapt their homes without a major remodel. The following was extracted from the January-February 2020 issue of “Realtor®” magazine:

“A lot of older adults aren’t going anywhere. Even the pools, gyms, coffee bars, and cooking classes at many senior living communities can’t persuade some to sell the house where they raised their families and accumulated a lifetime of memories and possessions. A full 76% of Americans age 50 and older say they want to remain at home throughout their golden years according to an AARP survey. So what are the smartest decisions people can make in pursuit of that goal?

“Most experts say anyone 55 years and older should plan their future living situation long before they have difficulty climbing stairs or stepping into a bathtub. Too often, people make changes in where they live only after a crisis like a serious fall or stroke – which compounds the stress on them and their family. A new category of home auditors can help clients analyze which modifications can be the most helpful. Daniel Edwards, owner of the Handyman Connection in Hanover, Pass., is developing a program to train people to conduct an aging-in-place analysis that includes a checklist of options.

“The movement to age is place is gaining attention from real estate practitioners and a bevy of other professionals, from designers and architects to health care advisors schooled in accessible design…. There are now “living laboratory” homes that allow people to see possibilities first-hand…. 

Design Modifications – Better Living design in Asheville, NC, and architect Jeffrey DeMure, author of Livable Design, recommend four steps to improve existing homes: putting essential spaces on a main level, including a first-floor bedroom; creating a zero-step entry; ensuring good interior air circulation; and improving kitchens and bathrooms….

Home Products – Apart from architectural and design changes, new products can make most facets of life easier for older homeowners. A stair or chair lift provides a relatively easy, affordable way to get to a 2nd or 3rd floor in a multilevel home or apartment…. And although remodeling a bathroom can become expensive… switching out a tub for a curbless shower with a bench is affordable and helps “avoid an accident waiting to happen”…. A heat lamp in a bathroom helps older adults cope with the common problem of feeling cold…. The latest technology – robotic vacuums and lawnmowers, security systems, and smart-home devices that control lighting and temperature – are also assets for coping with aging’s challenges….”

Sanibel & Captiva Islands Multiple Listing Service Activity January 17-24, 2020

Sanibel

CONDOS

4 new listings: Spanish Cay #H6 2/2 $549K, Loggerhead Cay 2/2 #542 $739K, Loggerhead Cay #191 2/2 $770K, Tarpon Beach #207 2/2 $1.099M (our listing).

5 price changes: Spanish Cay #F8 2/2 now $379K, Sandpebble #2F 2/2 now $439K, Loggerhead Cay #351 2/2 now $537K, Loggerhead Cay #223 2/2 now $597K, Pointe Santo #A1 2/2 now $875K.

4 new sales: Sanibel Moorings #311 2/2 listed at $599K, Loggerhead Cay #553 2/2 listed at $679K, Sundial #K103 2/2 listed are $889K, Plantation Village #312 3/2.5 listed at $1.44M.

4 closed sales: Sundial #H211 1/1 $360K, Ibis at The Sanctuary #B102 2/2 $468.5K, Sanibel Moorings #821 2/2 $575K, Compass Point #181 2/3 $1.175M.

HOMES

9 new listings: 560 Piedmont Rd 3/2 $460K, 1764 Bunting Ln 2/2 $489K, 9426 Beverly Ln 3/2 $599K, 6141 Henderson Rd 3/2 $675K, 4455 Gulf Pines Dr 3/2 $738K, 201 Violet Dr 3/2 $949K, 1437 Causey Ct 3/2.5 $1.05M, 790 Beach Rd 4/3.5 $1.449M, 6014 White Heron Ln 3/3.5 $1.749M.

13 price changes: 1027 Sand Castle Rd 2/2 now $474K, 730 Cardium St 2/2 now $569K, 1717 Sand Pebble way 3/2 now $629K, 4245 Gulf Pines Dr 3/2 now $675K, 701 Nerita St 3/2 now $724K, 1223 Par View Dr 3/2 now $755K, 822 Beach Rd 4/4 duplex now $819K, 1244 Par View Dr 4/3 now $849K, 215 Robinwood Cir 4/3 now $859K, 1285 Par View Dr 4/2.5 now $865.5K, 938 Pecten Ct 3/2.5 now $949K, 1081 Captains Walk St 4/2.5 now $1.185M, 1206 Bay Dr 4/4.5 now $3.424M.

4 new sales: 1851 Farm Trl 3/2 listed at $559K, 1348 Eagle Run Dr 3/3 listed at $998K, 911 Almas Ct 3/2.5 listed at $1.25M, 5250 Caloosa End Ln 3/2.5 listed at $1.389M.

2 closed sales: 932 Whelk Dr 3/3 $970K, 707 Anchor Dr 3/2.5 $1.15M.

LOTS

2 new listings: 486 Ponce De Leon Rd $223K, 6095 Dinkins Lake Rd $267,555.

3 price changes: 5847 Pine Tree Dr now $339K, 602 Boulder Dr now $399K, 4995 Joewood Dr now $2.6M.

No new or closed sales.

Captiva

CONDOS

No new listings.

2 price changes: Marina Villas #606 2/2 now $736K, Lands End Village #1629 2/2 now $1.3945M.

1 new sale: Captiva Shores #9 3/2 listed at $1.795M.

No closed sales.

HOMES

1 new listing: 15200 Captiva Dr 2/2 $1.1M.

No price changes or new sales.

1 closed sale: 16596 Captiva Dr 6/8.5 $5.15M.


LOTS

No new listings.

1 price change: 16151/16155 Captiva Dr now $5.9M.

No new or closed sales.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, Susan Andrews, aka SanibelSusan

Sure Doesn’t Feel Like January on Sunny Sanibel


Sea Oats

Another Friday has arrived. Since last week, the weather on Sanibel and Captiva Islands has continued to be summer-like. Days have been in the mid-to-high 70’s and low 80’s with plenty of sunshine and a few intermittent clouds. That is expected to change on Monday when a cool front arrives. Being originally from Maine, it still cracks me up when they say a cool-front is daytime temperatures in the 60’s – in January. That coolness may be short-lived though. Temperatures are expected to be back into the 70’s by Thursday.

Most years, island business picks up after January 15th, particularly when the snow is flying somewhere. This year there already has been good real estate action here. The changes reported since last Friday in the Sanibel/Captiva Islands Multiple Listing Service are after a couple of news items below. (First a picture from our friend, Scott, who shares his wonderful island photos.)

 

SZ6A6936

Sanibel & Captiva Islands Association of Realtors® Installation of 2020 Officers & Awards Breakfast

Sanibel realtors logoYesterday was the annual Islands Association of Realtors® installation of officers and awards breakfast at The Sanctuary. Florida Realtors® Director of Local Association Services, Anne Cockayne was the installing officer. Past-President Joel Goodman emceed, and I presented pal Mary Lou Bailey with her Realtor® Emeritus pin (She’s our third island Realtor® to reach this status – 40 years and an active leader.)

2020 BODOur local Honor Society recognized 25 members for their professionalism through education, participation, and community service (my 27th year), while six members completed the Sanibel & Captiva Islands Specialist program, earning their SCIS designation. Congratulations to all.

SanibelSusan Realty Associates

SanibelSusan Realty from Periwinkle WayThis week, SanibelSusan teammate Dave held several Open Houses and saw a noticeable increase in visitors. We also had some good listing inquiries and have future showings scheduled. Elise got a big post card mailing out and will process two more next week. I showed property last weekend, Dave is showing this weekend, and we also had a nice 2-sided closing Tuesday, which was the last island sale in 2019. Big thanks to Simmons Law for getting the needed court motion processed in time for the 14-day closing.

Outside-the-Box Mortgage Solutions

One of our long-time Association of Realtors® Affiliate Members, Dan Royal, sent an e-mail this week that caught my eye. Dan is a Mortgage Loan Originator with American Momentum Bank. He has been financing island real estate for as long as I can remember. Did a loan for my husband and I when we first moved to Sanibel – long before our first sale here. Here are excerpts from Dan’s email:

American_Momentum_Bank_Logo“$860,000 Sundial Resort Condo mortgage just funded! Non-warrantable condos welcome here. Fannie Mae has “in the box” strict guidelines. Our Portfolio Loans are “outside the box”:

 

 

  • 5% down to $1 million primary home purchase
  • Non-warrantable/resort condo 15% down
  • 0% down new professionals
  • Construction loans to $5 million
  • Foreign borrower loans to $3 million
  • Investor loans to $3 million.

“Please contact me if you need some out of the box mortgage solutions.”

Reach Dan at DRoyal@AmericanMomentum.Bank or toll free at 866-530-2265.

Joanna Gaines: Keep These Tacky Items Out Of The House

BridesBlushlogo_v2I saw this article on-line a few weeks ago but saved it for sharing after the holidays. It is long but has some interesting, sometimes funny, points. Written by JJ Foster, posted 11/26/19 on www.BridesBlush.com:

tacky-houses-joanna-101“The Fixer Upper Has Spoken – If there’s one person who knows what it takes to put together an awesome living room, then it’s Joanna Gaines. The reality TV personality has spent the last few years hosting the show Fixer Upper with her husband Chip. Together, they renovate and redecorate people’s homes and have helped take “Farmhouse-chic” to another level of popularity. However, with an eye for great decoration, Gaines also knows what interior designers should avoid doing. The living room is a place for play, relaxation and family time, and Gaines has shared some of the tackiest things that homeowners should keep out of their living rooms.

Fake Plants – Sure, real plants might attract a few creepy crawlies here and there, but there’s something about them that adds a whole lot of life to the living room. More often than not though, fake plants can stick out like a sore thumb and it’s clear that they are definitely not real. As far as Joanna Gaines is concerned, you’re better off having a living room without plants than one with fake ones. She thinks they are lifeless and extremely tacky.

Chintz Wallpaper – Chintz is a form of textiles that can trace its origins all the way back to India. However, the design, which consists of flowery patterns, is recognized these days for being used in the rooms of many bed and breakfasts, especially in the New England area. Joanna Gaines certainly doesn’t want people making their living rooms resemble anything like this. In fact, it’s more likely to look like the kind of building that contains a tomb from the 1500s.

Ruffled Furniture Skirts – While skirts are a perfectly acceptable clothing item for certain individuals to wear, furniture isn’t one of them. Anything that doesn’t have a heartbeat and is designed to be sat on in a living room shouldn’t be wearing a skirt. We’re looking at you, sofa, table, chairs and armchair. Ruffled skirts make a modern living room feel like it’s stuck in a much older era. Either expose those furniture legs or at the very least, give them a straight skirt instead.

Plastic Storage – So many families use plastic storage as a more affordable option of putting away stationary appliances, clothes and virtually anything else. However, there is something about seeing these structures in a living room that screams out, “I shouldn’t be here.” If it’s a child’s living room, then it might make a bit more sense. But if your kids are fully grown and you want a living room that blends luxury with sophistication, then this is not the way to go.

Bold-Colored Walls – Joanna Gaines can’t stand it when she walks into a living room and the walls have been painted in a really bold color. As a child, she remembered that the home her family moved into had the worst-looking walls imaginable and they needed to give them a completely new coat. Not only was the living room a disgusting lime-green color, but the dining room was in her words, “cherry-red.” If you’re living room looks like Sonic’s drive-thru menu, you know you’ve got problems.

“Bookcase Wallpaper – Joanna Gaines has lost count of the number of homes she has walked into and seen this kind of decoration plastered all over the back wall of the living room. Seriously, who are these people trying to fool? It is obviously not a real bookcase. If you want to show the world that you’re educated, get some shelves and put some books on them! The irony is that those who have this wallpaper probably don’t read that many books.

“Matching the Couch With Curtains – Joanna Gaines is a firm believer that curtains and couches shouldn’t be made from the same fabric – it just shouldn’t happen. However, this will be forgiven as long as they don’t share the exact same color or pattern. It’s important to diversify the living room, finding a balance between furniture that compliments each other, while also serving its own unique, aesthetic purpose. As far as the Fixer Upper is concerned, the living room should have a motif, not a uniform.

Mandala Tapestries – While many young people decorate their homes with mandalas, they don’t necessarily know the spiritual symbolism of this Eastern pattern. Then, there are people who discover the pattern later on in life and decide it’s a nice thing to display on one of the walls in their living room. Joanna Gaines thinks that if you don’t share the philosophy that the mandala is connected to, then it’s best to move on and decorate your living room with something a bit more understated.

White Rooms – While a white motif can be pleasant, you should never decorate your living room in just white. Fine, white walls can work, but think of it as a canvas in which you can add various other colors to it. At the end of the day, purely white rooms remind us too much of sterile hospitals, a place where people are often struggling to stay alive. Let’s not try to remind people of that in our living room. Also, it makes un-cleanable stains look so much more obvious.

Weird Lamps – If your living room lamp has more arms than your fake plant has branches, then you need to watch some episodes of Fixer Upper as soon as possible! It is very easy to get carried away with the design of a lamp. If your lamp resembles the Burj al-Arab or some other uniquely designed skyscraper, then something’s seriously wrong. Definitely avoid the lamps that have multiple bulbs with different colored light filters. Just go with a traditional lamp with a shade.

Cliché Art – While it’s perfectly normal to hang up art in the living room, Joanna Gaines hates it when people go for one of the most famous paintings and treats it like some sort of cool ornamental idea. If you are planning on hanging up a copy of Van Gogh’s Starry Night or Da Vinci’s Mona Lisa in your living room, then that’s a bad omen for the room in general. Why not go for a more obscure work of art by a famous artist? Stay original, folks.

Mounted Animal Heads – While many hunters hang animal skulls on their walls like some sort of bragging rights, many people who are not hunters buy them and hang them too. However, Joanna Gaines has her own thoughts on the matter. Whoever’s hanging these in the living room obviously has no idea what they are doing. If you are responsible for that skull, at least put it somewhere where it is not going to upset anyone. The Fixer Upper has spoken!

Futons – Unless you are between the age of 13 and 18 and frequently having friends over for slumber parties, a futon is no longer the way to go. By the time you have graduated from college and are out there in the real world, you should have enough funds to afford something a bit more elaborate than a futon. As we get older, it is our duty to outgrow certain things and futons should be, at the very least, the top five in that list.

Temporary Furniture – While the aim of temporary furniture is to make it look like something that is cool but also a work in progress, Joanna Gaines has zero-tolerance for the concept. As far as she’s concerned, this kind of furniture has no place in the living room and homeowners should just go with traditional furniture instead. She believes that temporary furniture only looks cool for a couple of days, that’s until it breaks for one reason or another – it’s too fragile!

Cluttered Cables – In the age of technology in which we live, it makes perfect sense to have a plethora of devices that have wires and cables hanging from them. This takes nothing away from the fact though that a pile of cluttered cables looks ugly on the eyes. A perfectionist like Joanna Gaines would never stand for such chaos in her living room, let alone anyone else’s. At the very least, hide those cables behind the TV table, away from visitors’ eyes.

Cheesy Photo & Picture Frames – There are so many accessories out there that people use to display family photos on. More often than not, the frame itself can distract the person away from what matters the most – the photo. With tons of cheesy imagery and buzz words on either side of the photo, these tend to just get in the way. At the end of the day, a photo needs a frame, not a dramatic canvas that might be telling a completely different story. Stick to a frame – plain and simple.

Plastic Couch Covers – People put plastic covers on their couches for a variety of reasons. While some apply them to prevent pets from causing damage to them, others use them so that they don’t spill something on them. Either way, a plastic couch cover is always for practical reasons, not aesthetic ones. It’s less to do with the fact that it looks tacky – it just looks terrible in any situation. At the very best, it looks like the scene of a crime.

Shot Glass Collections – Whether it be stamps, coins or Coca-Cola cans, everyone seems to have something they love to collect. However, we’d never advise hanging your collection up in the living room. Joanna Gaines especially detests it when people decide to show off their shot glass collection as some sort of living room ornament. While it may have impressed your friends back during the college years, it just looks kind of sad by the time you reach your mid-30s. Collect something new and hide it somewhere!

Gold Fixtures – There was a time that gold fixtures were a standard “fixture” in pretty much every other house, and that was back in the ’80s. For some reason, there are families who have hung onto those gold fixtures for the last 30 years and, unsurprisingly, they have weathered and no longer look as shiny and glorious as they used to. Maybe one piece of gold furniture here and there is acceptable, but gold motif for the living room is unacceptable unless you are a Saudi prince.

Pallet Coffee Tables – A trend that has been floating around the world of interior design is DIY pallet furniture. Better known for being used to transport large objects on forklifts, interior designs are now making pieces of furniture out of these wooden structures. One of the examples is the coffee tables which is made out of pallet. While some families might like their living rooms looking like a pile of lumber, Joanna Gaines wouldn’t be seen dead with this type of coffee table in her home.

Shag Carpeting – While some people might like the cosy feel that shag carpeting provides, Joanna Gaines is certainly not a fan. She believes that this design trend should have stayed in the ’70s where it belongs. She compared the texture and the appearance of shag carpeting to that of wigs. Moreover, she believes it would have the same effect if you laid some hairpieces on the living room floor instead. While it might be a matter of taste, this is not Gaines’ “cup of tea.”

Wood Paneling – There is something about wood paneling that just screams out a 1980s thriller, with the likelihood of someone in the family going on a violent rampage at some stage. Joanna Gaines believes that this style goes against what a living room represents – relaxation, fun and family time. Unless you actually live in a cabin in the woods, wood paneling is extremely dated and should have no place in any part of your home whatsoever, never mind your living room!

Curtain-less Windows – Seeing that we are encouraged to avoid using so much electricity and resort to natural lighting, you’d think that it would be recommended to refrain from applying curtains to your living room windows. A bit of natural lighting could do your home the world of good, right? Well, gone are the days that you can kick back with a tub of ice cream in private, people are always going to see what you’re doing as they walk past.

Blanket Ladders – If you want to have a living room that looks rustic, at least don’t make it look as if you’re trying so hard to be. One tacky design choice that is indicative of this is a blanket ladder. While these were more commonplace back in the 1800s or in one of the stories from Little House on the Prairie, some have decided to bring a ladder back and use it to hang blankets on in their living room. What’s wrong with just leaving them on the sofa?

Barn Doors – Our only theory for this one is that someone who was having way too much fun one night ended up trespassing on someone’s farm, stole a couple of barn doors and then woke up the next day with them leaning on the wall of their living room. While Pinterest has undoubtedly built up the hype of having barn doors in our homes, and Joanna Gaines is a farmhouse chic specialist, we have no interest. If it’s not being used in a barn, it shouldn’t be used.”

Sanibel & Captiva Islands Multiple Listing Service Activity January 10-17, 2020

realtor-mlsSanibel

CONDOS

4 new listings: Sanibel Arms #A7 1/1 $359K, Sanibel Moorings #1512 2/2 $549K, Loggerhead Cay #514 2/2 $1.045M, Sanddollar #C201 2/2 $1.199M.

6 price changes: Sanibel Inn #3514 2/2 now $725K, Sand Pointe #227 2/2 now $739K, Pointe Santo #D32 2/2 now $749K, Oceans Reach #3A1 2/2 now $894.9K, Sundial #E108 3/2 now $1.225M, La Playa #B1 3/2 now $1.299M.

4 new sales: Sandpebble #1A 2/2 listed at $439K, Blind Pass #F204 2/2.5 listed at $445K, Sanibel Shores #A2 2/2 listed at $459K, Sand Pointe #227 2/2 listed at $739K.

No closed sales.

HOMES

7 new listings: 1667 Atlanta Plaza Dr 2/2.5 $439K, 1339 Tahiti Dr 3/2 $540K, 1774 Bunting Ln 3/2 $659K, 1068 White Ibis Dr 3/3 $759K, 940 Lindgren Blvd 3/2 $948K, 5633 Baltusrol Ct 4/4.5 $1.949M, 1314 Seaspray Ln 5/5.5 $6.995M.

13 price changes: 1684 Bunting Ln 2/2 now $489.5K; 430 Old Trail Rd 3/2.5 now $547K; 1536 Bunting Ln 3/2 now $588,595; 433 Lake Murex Cir 3/2 now $629K; 678 Durion Ct 3/2 now $649K; 1567 Sand Castle Rd 3/3 now $799K; 5659 Sanibel-Captiva Rd 2/2 now $800K; 1010 Kings Crown Dr 3/3 now $997K; 2857 Wulfert Rd 4/5 now $1.199M; 1671 Hibiscus Dr 5/3 now $1.249M; 1133 Golden Olive Ct 3/3.5 now $2.269M; 3009 Turtle Gait Ln 4/4.5 now $2.595M; 5145 Joewood Dr 5/4.5 now $2.75M.

6 new sales: 1458 Sandpiper Cir 3/2.5 half-duplex listed at $489.9K, 4619 Brainard Bayou Rd 3/2 listed at $595K, 668 Anchor Dr 3/2 listed at $958.5K, 2739 Wulfert Rd 4/5.5 listed at $1.375M, 228 Violet Dr 4/2/2 listed at $1.749M, 5618 Baltusrol Ct 4/4/2 listed at $2.195M.

7 closed sales: 401 Raintree Pl 3/1.5 412.5K; 1558 Sand Castle Rd 3/2 $565K (our listing & sale); 238 Daniel Dr 3/2 $747,126; 245 Christofer Ct 3/2 $750K; 1121 Skiff Pl 3/3 $985K; 526 N Yachtsman Dr 3/2 $995K; 572 Kinzie Island Ct 5/5 $2.15M.

LOTS

1 new listing: 1331 Par View Dr $349K.

1 price change: 1837 Buckthorn Ln now $599K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Lands End Village #1667 2/2 now $1.189M.

No new sales.

1 closed sale: Bayside Villas #4212 1/2 $345K.

HOMES

3 new listings: 15000 Binder Dr 3/2 $1.325M, 16801 Captiva Dr 5/5 $2.295M, 16531 Captiva Dr 8/8 $2.85M.

No price changes or new sales.

2 closed sales: 11509 Chapin Ln 4/4 $1.325M, 11559 Laika Ln 2/2/2 $4.25M.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

istockphoto-512459044-612x612Until next Friday, enjoy your weekend!

Susan Andrews, aka SanibelSusan

Gotta Love Sanibel Snowmen – It’s Breezy & 76 Degrees F at 3 p.m.


Sanibel snowman

Following a big exodus over the weekend when many holiday visitors headed back home, this week, the islands settled into a more routine “season” traffic pattern. That was except for an accident on the causeway late Monday afternoon that resulted in a huge backup. I was meeting friends for dinner at Traders at 6:30 so left the office at 5:30 thinking that would give plenty of time. By then, Sanibel’s traffic webcams and social media postings indicated that the damaged vehicles had been removed, so since Periwinkle in front of the office wasn’t moving, I headed toward Tarpon Bay Rd. Clear sailing on Tarpon Bay Rd to Middle Gulf Dr. I made it just past Casa Ybel Resort when I got stuck. From there, it took 50 minutes to get to Traders, a mere 1.1 miles (normally 2 minutes) away.

So, if you are on the islands in the winter, please remember that it doesn’t take much to disrupt travel plans. As Realtors®, we plan our showing routes from east to west – or west to east – depending on the time of day. It’s good to plan right-hand turns too. If you get stuck, check the web cams at http://www.mysanibel.com/Live-Street-Cams. But, when using your phone, be aware of the new Florida law. (More info about that in one of the news items below.)

After that news is the island activity this week posted in the Sanibel & Captiva Islands Multiple Listing Service. Next Thursday is our local Association of Realtors® membership breakfast at The Sanctuary, followed by annual awards and the installation of 2020 officers.

2020 Change in Jumbo Loan Baseline

lake michigan credit union logoAt our Sanibel & Captiva Islands Association of Realtors® Caravan Meeting yesterday, local lender Dan Krispinsky of Lake Michigan Credit Union announced a change in the baseline loan limit for a jumbo loan.

In 2020, the baseline loan limit for most counties across the U.S. will be $510,400, an increase from the 2019 cap of $484,350. More expensive markets, such as New York City and San Francisco, have conforming loan limits as high as $765,600. Anything above these maximum amounts would be considered a “jumbo” mortgage.

2020 Brings Remote Notaries, Lower Taxes, Texting Bans

Florida Realtors logoPosted this week on-line by FloridaRealtors®: “It’s now easier and more convenient to close deals between distant buyers and sellers thanks to new remote notary laws, and the business rent tax cut will save businesses an estimated $65 million in 2020. However, it’s now illegal statewide to text while driving.

“TALLAHASSEE, Fla. – A handful of laws went into effect on Jan. 1, 2020, that will positively impact the real estate industry – and one law that affects Realtors who try to accomplish texting business while driving.

“Online remote notaries – State law caught up with technology on Jan. 1, 2020, with the approval of online remote notaries. Many states already allow the use of online remote notaries in real estate transactions, and the change will make it notably easier, faster and more convenient to close real estate transactions when the buyer and seller can’t be in the same room. The new law stems from HB 409, which the Florida Legislature passed last year.

“Business rent tax – Florida Realtors has advocated for cuts to the state’s business rent tax for many years, and another cut became effective on Jan. 1 – 0.2% this time. Businesses throughout Florida will save more than $65 million each year. The new state tax rate on commercial leases is now 5.5%, down from 5.7% in 2018 and 6% in 2017. Other parts of the business-rent-tax bill passed in 2019, HB 7123, have already taken effect, including the August 2019 sales tax holiday on hurricane preparedness supplies. Florida economists projected shoppers saved about $41.7 million during the sales-tax holiday.

“Texting while driving – It’s been illegal to text while driving in Florida since July 1 – but on Jan. 1, 2020, officers will stop writing warnings and start writing tickets. A first offense is $30; a second is $60 ($158.18 with court costs) if it happens within five years. While texting was a secondary offense in the past, officers can now stop a driver who is otherwise obeying traffic laws if they’re seen texting. In addition, motorists can’t use phones for texting or any reason, including hand-held talking, when driving in school and work zones. While hands-free talking is allowed in cars equipped with the skill, officers can stop drivers if they see a phone in a motorists’ hand.”

Recycle Drop-Off for Electronics

recycle logoAs posted in today’s “Island Sun”: “The Green Team of Sanibel Congregational United Church of Christ’s is holding an electronic recycling drop-off on Saturday, January 18 at 1 p.m. This is part of the Green Team’s ongoing efforts to address environmental concerns not only on Sanibel but beyond. This is open to the public and there is no cost.

“The drop-off will take place in the parking lot of the church, located at 2050 Periwinkle Way, across from Periwinkle Place. Computer Medics of Southwest Florida will be at the church to collect these items.

“Bring items in small cardboard boxes, placing in separate boxes things that work and things that don’t. Mike Peterson of Computer Medics of Southwest Florida will destroy all personal and business data on any drives. Afterwards, he will donate any working computers to Komputers for Kids, and all non-working items will be appropriately recycled.

“Items that can be recycled included: electric wire, mouse and keyboards, laptops, notebooks, computer towers, battery backups, hard drives, flat panel monitors, lithium batteries, automotive batteries, cell phones, medical test and monitoring equipment, gaming devices, florescent light ballasts, circuit breakers and panels, and starters and alternators.

“The only electronics that cannot be accepted are glass-screen CRT televisions and monitors, LED and LCD televisions, printers and copiers. For a complete list of what can and cannot be recycled, visit the church’s website at http://www.sanibelucc.org or call the office at 472-0497 for a list to be emailed to you.

“In the U.S. alone, we throw away over 400 million electronic items, and that number is growing two or three times faster than other municipal waste. Harmful chemicals released from incinerators and leached from landfills can contaminate air and groundwater. Typically, most electronic waste goes either into landfills, or is sent to developing countries where due to little or no regulation, workers are at health risks as well as face safety issues posed by their improper recycling and disposal methods.

“Computer Medics of Southwest Florida’s recycler, Brian Slager of eScrap Recycling, does not send anything to other countries, to prisons, or to landfills. He reuses everything he takes, and his recycling service complies with all local, state and federal regulations.”

BIG ARTS Happenings

I drove by the new building at BIG ARTS yesterday and it is getting close to be finished. The Community Chorus had their first rehearsal of the year Tuesday night (those are at Strauss Theater until construction is complete at the BIG ARTS campus). It is not too early to mark your calendars for our spring Community Chorus Concerts which will be in the new performance hall on two nights, April 1 and 2, at 7 p.m.

big arts logoSingers also are looking forward to the BIG ARTS Open House on Saturday afternoon, January 25, from noon to 4 p.m. when the public is invited to tour the new facility. The Open House is free and will feature live music by both Island Jazz and the BIG ARTS Community Bands, and the Community Chorus. Guests will be able to tour the garden area, art gallery, and experience the new state-of-the-art performance hall.

Island Jazz will perform in the garden. The gallery will be featuring the first fine arts exhibit of the year, “Time for Joy” by renowned artist Mally Khorasantchi. From 1 to 2 p.m. in the performance hall, the Community Chorus will perform, while the finale is the BIG ARTS Concert Band at 3 p.m.

Throughout the afternoon, guests will be able to move freely around the facility and enjoy BBQ chicken and pork sliders, potato salad and coleslaw as they take in the sights and sounds of the day. To learn more about the new home of BIG ARTS and the “2020 Dream Season” visit www.BIGARTS.org or call 239-395-0900.

The night before is BIG ARTS gala grand-opening fundraiser to complete the final phase of the building fund. Tickets are limited for this Friday night event which includes a gourmet dinner and music by The Temptations. Reservations for the fundraiser are needed and by phone only at 239-395-0900.

Sanibel & Captiva Islands Multiple Listing Service Activity January 3-10, 2020

Sanibel realtors logoSanibel

CONDOS

7 new listings: Captains Walk #C3 1/1 $279K; Blind Pass #B205 2/2.5 $469K; Sundial #C301 1/1 $469.9K; Sundial #F108 1/1 $475K; Lighthouse Point #120 3/2 $625K; Villa Sanibel #2H 2/2 $727,007; Tantara #203 3/2 $1.289M.

12 price changes: Sanibel Arms #C7 1/1 now $376K; Sandpebble #1A 2/2 now $439K; Seawind #A107 2/2.5 now $570,007; Sunset South #A11 2/2 now $599K; Loggerhead Cay #222 2/2 now $637K; Kings Crown #112 2/2 now $679K; Signal Inn #14 2/2 now $719K; Oceans Reach 4C1 2/2 now $869K; Oceans Reach #4D1 2/2 now $875K; Sanibel Surfside #132 2/2 now $899K, Gulfside Place #222 2/2 now $1.297M (our listing), La Playa #1B 3/2 now $1.299M.

3 new sales: Mariner Pointe #1051 2/2 listed at $499K, Mariner Pointe #721 2/2 listed at $534K, Surfside 12 #A1 3/2 listed at $734K.

1 closed sale: Loggerhead Cay #134 2/2 $960K.

HOMES

9 new listings: 1851 Farm Trl 3/2 $$559K; 9307 Dimmick Dr 3/2 $720K; 1085 Sand Castle Rd 3/2 $725K; 5834 Pine Tree Dr 799,555; 1220 Sand Castle Rd 3/2 $849K; 1606 Sabal Sands Rd 3/2 $899.9K; 250 Hurricane Ln 3/2.5 $1.049M; 355 East Gulf Dr 3/2 $1.149M; 1349 Bay Dr 4/4 $8.125M.

13 price changes: 1856 Ardsley Way 3/2 now $515K, 1890 Farm Trl 3/2 now $560.4K, 730 Cardium St 2/2 now $574K, 1954 Roseate Ln 3/2 now $585.9K, 610 Hideaway Ct 3/2.5 now $609K, 1925 Roseate Ln 2/2 now $639K, 701 Nerita St 3/2 now $734K, 1567 Sand Castle Rd 3/3 now $799K, 911 Almas Ct 3/2.5 now $1.25M, 4954 Joewood Dr 3/2 now $1.35M, 4630 Rue Bayou 4/4.5 now $1.389M, 1898 Woodring Rd 2/2 now $2.65M, 4709 Rue Belle Mer 3/2 now $2.999M.

5 new sales: 325 East Gulf Dr 1/1 listed at $509K, 513 Lake Murex Cir 3/2 listed at $688K, 592 Sea Oats Dr 3/2 listed at $989.5K, 526 N Yachtsman Dr 3/2 listed at $995K, 1717 Venus Dr 3/2.5 listed at $1.199M.

No closed sales.

LOTS

No new listings.

1 price change: 1246 Seagrape Ln now $2.789M.

No new or closed sales.

Captiva

CONDOS

1 new listing: Lands End #1634 3/3 $2.395M.

2 price changes: Tennis Villas #3120 1/1 now $318K, Lands End Village #1667 2/2 now $1.194M.

1 new sale: Tennis Villas #3137 2/2 listed at $474K.

No closed sales.

HOMES

1 new listing: 16727 Captiva Dr 5/4 $1,999,999.

1 price change: 16525 Captiva Dr 3/4 now $1.459M.

3 new sales: 11501 Laika Ln 3/3 listed at $1.275M, 15831 Captiva Dr 2/2.5 listed at $3.7M, 15819 Captiva Dr 5/5 listed at $9.1M.

1 closed sale: 14980 Binder Dr 4/4 $2.368M.

LOTS

1 new listing: 925 South Seas Plantation Rd $5.899M.

No price changes, new, or closed sales.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Sanibel beach pix

Until next Friday, hope to see you at the beach!

Susan Andrews, aka SanibelSusan

2020 Already Lookin’ Good on Sanibel & Captiva Islands


The SanibelSusan Team and I hope that you all had happy healthy holidays. It has been hard to remember what day of the week it is with all these mid-week holidays, but our 2020 has started out with a bang.

white pelicans.jpg

It’s a white pelican convention!

The islands typically are their busiest the week between Christmas and New Year’s with traffic at its heaviest, particularly midday coming on island and late afternoon leaving. I showed a couple of condos on Saturday and don’t ever remember it being so busy on the beach in front of Pointe Santo, while further up West Gulf Dr at The Atrium, there was hardly anyone.

Sunday traffic was heavy and by Monday, Periwinkle Way was gridlock. Tuesday through yesterday morning were better, until VP Pence arrived about noon which added a few security and news vehicles to the mix. He is here until Sunday. Can’t blame him, the weather is wonderful – including mostly sunny warm days with temperatures from the mid 70’s into the 80’s.

The next cold front is due to arrive this weekend with Sunday temps not expected to get out of the 60’s. If that’s winter, we’ll take it!

Kiters

Kite boarder heaven when a cool front arrives & it’s windy!

With the island busy, there was plenty of real estate action here this week too. The SanibelSusan Team had one of the last sales in 2019, both our listing and sale. Then New Year’s, after showing just one home, our first deal of 2020 got done too! Now, to keep that string going!

After a couple of news items below is a report of the all action since last Friday in the Multiple Listing Service.

New Title Company In Town – Knight Barry Title

Many of you know that Barrier Island Title sold a few years ago to Fidelity National Title. As 20+year fans of the Barrier team, SanibelSusan Realty’s business continued with them until Fidelity closed their doors on Sanibel at the end of the year.

Knight Barry logoThe good news is that Heidi Koch, island title and closing industry veteran, and her two closer colleagues, Michelle Landl and Jackie Martin, all formerly with Barrier, have moved right across the hall in the same building and now work for Knight Barry Title.

This week, Knight Barry Title opened their new office at 1456 Periwinkle Way, Suite C, to serve Sanibel and Captiva. Knight Barry Title is an independent family-owned company in the business for over 40 years and now with its 5th office in the Sunshine State. Other locations are in Destin, Crestview, Panama City Beach, and Pensacola. In addition to Florida, Knight Barry has 60 offices that service many small towns across the Midwest in Wisconsin, Michigan, and Minnesota.

Congratulations, Heidi, Jackie, and Michelle! We brought them our first 2020 sale and hope to bring them plenty more.

Condominium & HOA Boards, Beware of Holding “Executive Sessions”

henderson-franklinPosted on-line, Dec 16, 2019 by Amanda Barritt, real estate attorney with Henderson-Franklin, Attorneys at Law, in Ft Myers:

“I am often asked by association boards if the board can meet in “executive session” to discuss a sensitive topic, such as a personnel matter or dispute with an owner or neighborhood association, without members present.

“Florida homeowners’ and condominium associations are subject to what many refer to as association “sunshine laws” (which are different than the sunshine laws the Florida government must follow). Under Florida Statutes Chapter 720, for HOA’s, and Chapter 718, for condominiums, Association board meetings are deemed to occur when a quorum of the board gathers to conduct association business. All board meetings must be properly noticed and open to the members, with the only exceptions being:

  • Meetings between the board and its attorney with respect to proposed or pending litigation, or
  • Meetings of the board to discuss personnel matters.

“Such “closed” meetings must still be properly noticed to the membership in accordance with the association bylaws.

Take-Away – Boards should consult with their legal counsel prior to holding a closed meeting to confirm whether the particular meeting may legally be held behind closed doors and whether the Board has complied with the proper notice requirements.”

Why Do Some Water-Related Projects Take So Long?

ding darlingGood article in the Dec 26, 2019, ““Ding” on The Wing”, News from the “Ding” Darling Wildlife Society, written by fellow Realtor® Sarah Ashton and her husband Jim Metzler who are DDWS Advocacy Committee Co-Chairs:

“Not long after the 2018 outbreaks of blue-green algae and red tide subsided, a newly elected Governor DeSantis issued an executive order that promised rapid improvement in the quality and quantity of Florida’s water. Soon thereafter, Governor DeSantis began overhauling the board of the South Florida Water Management District (SFWMD) with the goal of making the board more responsive to south Florida’s water-related challenges. Given the urgency of eliminating future algae outbreaks combined with all the public statements that help is on the way, many members of the “Ding” Darling Wildlife Society have questioned why the projects to address our water-related issues are taking so long to implement.

“This report will provide insight into that question by discussing two such projects: controlling Florida red tide and building the C-43 reservoir.

Controlling Florida Red Tide – Because red tide is a worldwide phenomenon, it’s reasonable to think that Florida can leverage the red tide research being done elsewhere to significantly shorten the time it takes to develop techniques to control red tide in Florida. Unfortunately, only in Florida is red tide caused by the species of phytoplankton called Karenia brevis, and because of that uniqueness, our version of red tide is often referred to as Florida red tide. Because Florida red tide has a unique cause, techniques that effectively control red tide somewhere else may not be effective here. As a result, we are not likely to be able to take any significant short cuts on the research that must be done to find solutions to control Florida red tide.

“A previous newsletter mentioned that in 1957, Florida tried to mitigate a red tide outbreak by using crop-dusting planes to drop copper sulfate on the bloom. That action did kill some of the red tide, but it also led to the release of toxins that killed marine life. The likely path forward for scientists is that once a solution is shown to work in a lab environment, it gets tried in a small body of water such as a pond. If that trial is successful, it gets repeated in increasingly larger bodies of water until the state feels comfortable that it can safely and effectively use the solution in the Gulf of Mexico. Unfortunately, to avoid implementing a solution whose unintended consequences are more harmful than the Florida red tide it is intended to control, this path is inherently lengthy.

Building the C-43 Reservoir – The C-43 reservoir is being built on 10,700 acres of former farmland in Hendry County, Florida, slightly west of Labelle and just south of Route 80. The SFWMD has identified the following as the goals and benefits of the reservoir:

  • Capture and store stormwater runoff from the Caloosahatchee River basin, reducing excess water flow to the Caloosahatchee Estuary.
  • Capture and store water that is released from Lake Okeechobee, reducing the discharges to the coastal estuaries.
  • Improve the salinity balance for the Caloosahatchee estuary by controlling peak flows during the wet season and providing essential flows during the dry season.

“The reservoir was first envisioned in the early 2000s, but its construction was delayed in part by the economic downturn that occurred in the late 2000s. The South Florida Water Management District (SFWMD) began construction in 2015, and the expected completion date is December 2023. To get a sense of the scale of the reservoir, assume that a person in good physical health goes for a two-hour walk without stopping. That person would have walked one side of the C-43 reservoir which when completed will measure 6×3 miles. The water level will range from 15 feet to 25 feet and, as a result, the reservoir will hold approximately 170,000 acre-feet, or 55 billion gallons of water.

“In addition to storing water, the previously mentioned executive order signed by Governor DeSantis directed the Florida Department of Environmental Protection (FDEP) to work with the SFWMD to add a stormwater treatment component to the C-43 reservoir. The goal of this component is to provide additional treatment and improve the quality of water leaving the reservoir. This initiative is being implemented through the C-43 reservoir Water Quality Feasibility Study.

One of the reasons that building the C-43 reservoir will take years is the massive scale of the reservoir and hence the huge amount of work that must be coordinated… However, the scale of the reservoir is not the only reason causing a lengthy construction process. To both ensure that they settle properly and to minimize the seepage of water out of the reservoir, as part of the construction process the dirt berms that surround the reservoir must sit in place for 16 to 18 months and nothing can be done to shorten that time frame.

“Not Every Project is Inherently Lengthy – As discussed in this report, many water-related projects are inherently lengthy. However, that is not true of all such projects. In the recommendations that they made to the Governor and to the Florida legislature, the Blue Green Algae task force stated that agricultural operations are one of the primary causes of increased nutrients flowing into Florida’s water bodies. The runoff from agricultural operations is supposed to be minimized by the use of Best Management Practices (BMPs). However, the effectiveness of these BMPs is often criticized because compliance with the BMPs is largely voluntary.

“Strengthening the BMPs to the point that they achieve the stated goal of reducing the nutrients that flow into Florida’s water bodies would have a significant impact on the quality of those water bodies. In contrast to projects such as controlling Florida red tide and building the C-43 reservoir, strengthening BMPs can happen in a relatively short period of time. Several organizations, including the SFWMD, have indicated their desire to move in that direction.

“In Case You Missed It: A recent article in Field & Stream documents some of the progress that has been made in the battle to improve water quality in Florida.”

2020 Ongoing Programs

SCCF logoThe recent merger with Sanibel Sea School and Coastal Watch with the Sanibel-Captiva Conservation Foundation results in some continued popular activities:

  • Weeds & Seeds – Mondays at 8:40 a.m., Native Plant Field Trip at SCCF Nature Center, 3333 Sanibel-Captiva Rd.
  • Making the Land Work Walking Tours – Mondays 10-11 a.m. & Thursdays 2-3 p.m. at Bailey Homestead Preserve, 1300 Periwinkle Way
  • Bowman’s Beach Walk – Wednesdays 9-11 a.m., meet SCCF guide at bridge at 1700 Bowman’s Beach Rd.
  • Interior Wetlands Trail Walks – Starts Jan 14 on Tuesdays, Wednesdays & Thursdays 11 a.m.-noon at SCCF Nature Center, 3333 Sanibel-Captiva Rd.
  • After-School Survival Skills – Tuesdays, January 14, 21, 28 & February 4, 3:30-5:30 p.m., register at SanibelSeaSchool.org
  • Discover Beachcombing – Thursdays 9-10:30 a.m., register at SanibelSeaSchool.org.
  • New Moon Meditations – Thursday January 23 5:30 p.m. at Alison Hagerup Beach Park, 14790 Captiva Dr., info@AmbuYoga.com
  • Community Bonfires on the Beach – Saturdays January 11 & 25, 5:30 p.m., RSVP to Nicole@SanibelSeaSchool.org.

Sanibel & Captiva Islands Multiple Listing Service Activity December 27-January 3, 2020

paragon black knight logoSanibel

CONDOS

5 new listings: Island Beach Club #220B 2/2 $725K, Heron at The Sanctuary II #3A 3/2.5 $850K, Sundial #K103 2/2 $889K, Gulfside Place #121 2/2 $1.198M, Tigua Cay #485 3/3.5 $2.295M.

3 price changes: Blind Pass #F204 2/2.5 now $445K, Sanibel Arms West #B2 2/2 now $549.9K, Sand Pointe #137 2/2 now $1.149M.

4 new sales: Sundial #H210 1/1 listed at $379K, Sundial #F408 1/1 listed at $499K, Mariner Pointe #321 3/2 listed at $569K, Snug Harbor #312 3/2 listed at $619K.

3 closed sales: Tennisplace #A33 2/1.5 $315K, Sanibel Arms West #M1 2/2 $494K, Mariner Pointe #842 2/2 $555K.

HOMES

7 new listings: 1085 Sand Castle Rd 3/2 $725K, 1236 Par View Dr 3/2.5 $845K, 1414 Causey Ct 3/2 $850K, 1348 Eagle Run Dr 3/3 $998K, 1358 Sand Castle Rd 4/3.5 $1.1M, 5773 Sanibel-Captiva Rd 2/2 $1.19M, 1490 Angel Dr 4/3.5 $1.695M.

4 price changes: 513 Lake Murex Cir 3/2 now $688K, 1307 Par View Dr 3/3 now $1.099M, 550 N Yachtsman Dr 3/3 now $1.295M, 3757 West Gulf Dr 4/4 now $6.499M.

8 new sales: 1611 Sand Castle Rd 3/2.5 half-duplex listed at $479K, 1558 Sand Castle Rd 3/2 listed at $599K (our listing & sale), 749 Cardium St 3/2 listed at $689K; 218 Daniel Dr 3/2.5 listed at $745K (our buyer); 238 Daniel Dr 3/2 listed at $777,126; 1414 Causey Ct 3/2 listed at $850K; 932 Whelk Dr 3/3 listed at $1.065M; 1730 Jewel Box Dr 4/3 listed at $1.499M.

Image 10c.jpg

Aerial of The Dunes showing causeway & 1558 Sand Castle Rd

2 closed sales: 632 Lake Murex Cir 3/2 $697K, 1269 Par View Dr 3/2.5 $975K.

LOTS

1 new listing: 978 Main St $169.9K.

1 price change: 9056 Mockingbird Dr now $380K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #5304 3/3 $649K.

1 price change: Tennis Villas #3220 1/1 now $329.9K.

No new or closed sales.

HOMES

No new listings.

1 price change: 11501 Laika Ln 3/3 now $1.275M.

No new sales.

1 closed sale: 17041 Captiva Dr 2/2 $1.6M.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, enjoy you weekend! Susan Andrews, aka SanibelSusan

 

Almost 2020 On Sunny Sanibel


2017 New Year PixSanibel and Captiva Islands are busy with lots of holiday vacationers. The weather certainly has been wonderful for them with mostly sunny days and temperatures in the mid- to high-70’s, while down into the 60’s at night. Restaurants are reporting waits – so if you are here, be sure to make dinner reservations.

The team advised that yesterday was their first winter 1-hour trek getting off-island at 5 p.m. “Yes, they take the back way.” It’s that time of the year when we plan our travel … by turning right … and allowing plenty of time.

More visitors are expected to arrive tomorrow during Saturday arrivals at weekly rental properties. I will be out during turn-overs showing a few 3-bedroom condos. We had multiple requests for big condos this week. Though, there are 130 Sanibel condos currently for sale, larger units are hard to come by. Those looking for gulf-front 3 bedrooms, there are six available in residential complexes and another seven in complexes that rent weekly. If you want a condo in a particular complex, let us know and we’ll do our best to snoop one out.

Island Sales Stats

sancap GO MLS logoWith it almost the end of the year, below is a snapshot of the Sanibel and Captiva market today. There is plenty of inventory, but we are looking for new listings so please keep us in mind if you know someone thinking of selling.

The below data from the Sanibel & Captiva Islands Multiple Listing Service is as of today, 12/27/19. The activity posted for the last two weeks in the MLS follows a couple of news items:

SANIBEL Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 130 806,859 195 1,380,871 72 717,724
Under contract 18 821,555 20 913,575 2 1,672,450
Closed this year 123 701,250 207 954,957 15 372,200
Closed in 2018 155 720,617 218 1,112,748 21 602,095
Closed in 2017 140 728,793 186 1,004,237 32 327,229

 

CAPTIVA Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 39 1,140,478 43 3,220,111 4 3,397,250
Under contract 2 514,450 5 3,518,599 0 N/A
Closed this year 29 1,037,077 16 2,808,597 1 1,375,000
Closed in 2018 27 797,532 25 2,127,352 0 N/A
Closed in 2017 34 671,551 22 2,457,023 2 2,312,500

New Year Events

sundial-logoNew Year’s Eve Shellebration at Sundial Beach Resort & Spa with island-style buffet, stilt walker, fire dancer show, games, pie-eating contest, DJ & live entertainment, face painting, fire pit s’mores, free throw contest, WII dance, wishing tree, corn hole, countdown toast. Reservations needed 800-838-3006.

2015 polar bear plunge20th Annual Polar Bear Plunge at noon Jan 1 at Tarpon Bay Beach at 111 Tarpon Bay Rd. Sign in and song sheets available at 11 a.m. Wear a bathing suit and bring a towel, chairs and coolers optional.

Study: Lots of Listings Coming as Baby Boomers Age

From FloridaRealtors®: “Boomers own about 1/3 of all U.S. properties and 27% of them will sell their home within the next 20 years – but some metros will feel the impact more than others.

Florida Realtors logo“SEATTLE – Builders have struggled to overcome land scarcity and rising labor costs and materials. But a flood of homes will come on the market over the next 20 years as baby boomers age – enough to affect local economies in traditional retirement areas.

“Northerners are struggling. They love winter sunshine and low taxes, but a decision to move 1,000 miles to Fla. isn’t easy. Will homesickness set in? How much does a trip “back home” to see family cost? And how much tax savings are we talking about?

“The boomer generation, once 76 million strong in the U.S., dwarfed the 55 million Gen-Xers and 62 million millennials it preceded. Today, the 60-and-older generation owns about a third of America’s homes, and a new analysis by Zillow attempts to show how their aging will impact the housing market.

“The study predicts that a “Silver Tsunami” of sellers will build slowly as the number of adults aged 60 or older pass away each year. However, a rise is expected in the 2020s and 2030s.

“In the decade from 2007 to 2017, roughly 730,000 U.S. homes were released into the market each year by seniors aged 60 or older. From 2017 to 2027 and from 2027 to 2037, that number is set to rise to 920,000 and 1.17 million per year, respectively. This means more than 27% of today’s owner-occupied homes will become available by 2037.

“While virtually all areas will feel the effects to some degree – between one-fifth and one-third of the current owner-occupied housing stock was impacted in every metro analyzed – the wave won’t hit all at once and won’t strike all markets equally.

“Retirement hubs like Florida and Arizona are likely to feel the sharpest impact. If demand erodes because fewer people choose to retire there in the coming years, those areas might end up with excess housing. Also heavily impacted will be regions like the Rust Belt, which saw younger people move away in recent decades, leaving older generations to make up a larger share of the population.

“Some regions will be far less affected. These include Salt Lake City, where a much smaller share of homeowners are in their golden years, as well as Atlanta, Austin, Dallas and Houston – all of which are vibrant but relatively inexpensive places that tend to attract younger residents looking for an affordable alternative to expensive coastal cities.

“Still, the differences in the share of homes released by seniors among metros are small compared to the differences within them. Palm Springs, for example, will see 45% of its owner-occupied homes vacated by 2037, compared with 23.8% of the combined L.A.-Riverside metro area overall. El Mirage and Sun City figure to see nearly two-third of their homes available, compared with 28.2% of the Phoenix area at-large.

“Housing released by the Silver Tsunami – upwards of 20 million homes hitting the market through the mid-2030s – will provide a substantial and sustained boost to supply, comparable to the fluctuations that new home construction experienced in the 2000s boom-bust cycle. Whether this housing is appropriately located, priced and styled to meet future demand, however, will be an important factor in how it pairs with new construction to alleviate today’s housing shortage.

“It seems likely, however, that the construction industry will, over the next 20 years, start to put a greater emphasis on updating existing properties rather than building from the ground up.” © 2019 Florida Realtors®

Sanibel & Captiva Islands Multiple Listing Service Activity December 13-20, 2019

Sanibel

CONDOS

4 new listings: Captains Walk #B3 1/1 $239.9K, Sandpebble #4E 2/2 $489K, Cottage Colony West #134 1/1 $614.5K, Blue Gulf #201 3/2 $1.398M.

5 price changes: Sanibel Arms #B1 1/1 now $449.9K; Seawind #A107 2/2.5 now $574,777; Mariner Pointe #421 2/2.5 now $639K; Heron at The Sanctuary #3B 3/2.5 now $818K; Sanctuary Golf Villages #1-4 3/3 now $838.5K.

3 new sales: Sundial #H211 1/1 listed at $395K, Sundial #C204 1/1 listed at $480K, Loggerhead Cay #134 2/2 listed at $995K.

3 closed sales: Seashells #15 2/2 $425K; Sanctuary Golf Villages #5-1 2/2.5 $736,750; White Pelican #114 2/2 $830K.

HOMES

9 new listings: 569 Lake Murex Cir 3/2 $499.5K; 1845 Ardsley Way 3/3 $599,555; 2065 Wild Lime Dr 3/2.5 $639K; 9418 Moonlight Dr 3/2 $699K; 238 Daniel Dr 3/2 $777,126; 215 Robinwood Cir 4/3 $884,488; 2417 Wulfert Rd 3/3 $1.089M; 707 Anchor Dr 3/2.5 $1.175M; 5618 Baltusrol Ct 4/4/2 $2.195M.

10 price changes: 1954 Roseate Ln 3/2 now $594K, 513 Lake Murex Cir 3/2 now $709K, 405 Tiree Cir 3/2 now $735K, 1351 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex now $765K, 1410 Sanderling Cir 3/2 now $835K, 5422 Shearwater Dr 3/2.5 now $899K, 1345 Eagle Run Dr 3/2.5 now $1.049M, 1560 Royal Poinciana Cir 3/2 now $1.05M, 1283 Isabel Dr 3/2 now $1.1M, 500 Sawgrass Pl 8/8/3 now $2.85M.

4 new sales: 257 Daniel Dr 3/2 listed at $750K, 245 Christofer Ct 3/2 listed at $799K, 982 Whelk Dr 3/2.5 listed at $1.15M, 707 Anchor Dr 3/2.5 listed at $1.175M.

5 closed sales: 706 Nerita St 3/2 $774K, 9436 Yucca Ct 3/2 $839K (our buyer, available as a seasonal rental with Sanibel Holiday, called Annabel’s Cottage), 1243 Sand Castle Rd 4/4 $980K, 758 Sand Dollar Dr 3/3 $1.285M, 5723 Baltusrol Ct 4/4.5 $1.8M.

LOTS

1 new listing: 255 Hurricane Ln $399K.

1 price change: 1292 Par View Dr now $349K.

1 new sale: 1800 Woodring Rd listed at $2.595M.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Gulf Beach Villas #2112 1/1 now $510.9K.

1 new sale: Bayside Villas #4212 1/2 listed at $368.9K.

1 closed sale: Ventura Captiva #2B 3/3 $875K.

HOMES

No new listings.

2 price changes: 11540 Laika Ln 3/2.5 now $1.299M, 11504 Wightman Ln 4/3.5 now $1.5999M.

No new or closed sales.

LOTS

Nothing to report.

Sanibel & Captiva Islands Multiple Listing Service Activity December 20-27, 2019

Sanibel

CONDOS

2 new listings: Mariner Pointe #1051 2/2 $499K, Oceans Reach #4D1 2/2 $898.5K.

1 price change: Cottage Colony West #101 1/1 now $595K.

2 new sales: Sandpiper Beach #203 2/2 listed at $699K, Sanibel Moorings #1111 2/2 listed at $ 947K.

3 closed sales: Seashells #37 2/2 $405K, Sanibel Siesta #108 2/2 $570K, Kings Crown #213 2/2 $755K.

HOMES

4 new listings: 970 Black Skimmer Way 2/2 $636K, 930 Kings Crown Dr 3/2 $1.295M, 912 Kings Crown Dr 3/3.5 $1.445M, 1480 Middle Gulf Dr 4/4/2 $1.65M.

4 price changes: 9448 Begonia Ct 3/2.5 now $549K (our listing), 1717 Sand Pebble way 3/2 now $635K, 1567 Sand Castle Rd 3/3 now $849K, 2391 Shop Rd 3/2.5 now $1.875M.

Image 3 c.jpg

9448 Begonia Ct in Gumbo Limbo

3 new sales: 569 Lake Murex Cir 3/2 listed at $499.5K, 1269 Par View Dr 3/2.5 listed at $1.099M, 1525 San Carlos Bay Dr 3/2 listed at $1.4695M.

6 closed sales: 1805 Ibis Ln 2/2 $515K, 1585 Bunting Ln 3/2 $545K, 6447 Pine Ave 3/2.5 $552.5K, 1418 Sanderling Cir 3/3 $599.5K, 9440 Cotten Ct 3/2 $617.5K, 707 Cardium St 3/2 $685K.

LOTS

No new listings or price changes.

1 new sale: 2510 Coconut Dr listed at $749.9K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5316 3/3 listed at $660K.

1 closed sale: Captiva Hide-a-Way #2D 2/2 $835K.

HOMES

3 new listings: 11521 Laika Ln 3/3 $1.385M, 15843 Captiva Dr 3/3 $7.489M, 16500 Captiva Dr 6/6/2 $7.989M.

2 price changes: 11525 Wightman Ln 3/2 now $1.225M, 11504 Wightman Ln 4/3.5 now $1.5999M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

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Granddog, Bella, checking out the office Christmas tree!

Best wishes for a wonderful New Year!

Susan Andrews, aka SanibelSusan

 

 

Sanibel Scoop & Captiva Chatter


The SanibelSusan Team has been busy this week preparing for a 7,000-piece mailing that will be going out next week. If you are not already on our mailing list and want to receive an island inventory list, be sure and let us know.

Below are a couple of news items, followed by week’s action in the islands’ Multiple Listing Service.

BIG ARTS Performance Hall Update

Reported in the “Island Sun” this week:

”BIG ARTS has been a Sanibel-Captiva treasure for decades. It began as a dream in 1972 inspired by a small band of artists who felt the community needed a special place for arts and enrichment on the barrier islands. That dream is stronger than ever and 2020 is a landmark year: the creation of a new home for BIG ARTS. The building is nearing completion, and its opening will be heralded with a grand gala, A Dream Come True, on Friday, January 24 and a free public open house on Saturday, January 25.”

Santa Run

Also in the “Island Sun” this week,

“Once again this year, Santa will be making a visit to Sanibel homes on Monday, December 23 before he heads out for his worldwide route. Santa’s Santa Run is organized and assisted by the local Kiwanis Club, and those young and old will remember the experience for years to come. If you would like to have Santa visit your home while he’s in town, Kiwanis will be happy to oblige.

“Any adult who would like Santa to deliver gifts to their household can arrange a Santa visit. To do this, you should secure an appropriate gift for each recipient (young or old), wrap and address each gift, then place the gifts into one sack for each household, along with your address information and any special instructions for each gift recipient. Then deliver the sack to the main Sanibel Fire and Rescue District, 2361 Palm Ridge Rd no later than 5pm on Monday, December 23. Santa and his elves will leave the fire station around 5:30pm and make deliveries between 6-8pm.

“The Santa Run is still going strong and has grown considerably. Kiwanis now recruits six Santas, each with a helper elf and driver/navigator. In the course of the night, each of the Santa teams makes about 125 stops! If you have questions contact Muench at 472-2812.”

Island Store Construction Update

Here’s an article from the “Islander” this week:

“Renovations at The Island Store are ongoing, with an undetermined completion date, as issues with the building’s structural components were discovered by the contractors when they started the project.

“With coordinated help from the Lee County Historic Preservation Board and RLR Investments – the building’s owner- Bailey’s has been working to rebuild and renovate the exterior and interior to the business from its former operator and signed a new lease with the building’s owner.

““After beginning construction, the contractors found significant deterioration of the building’s structural components,” Calli Johnson, whose family owns Baileys, reported last week. “Structural engineers are currently drafting the plans to ensure the structural integrity of the building, in order to safely welcome shoppers upon reopening and for future generations to come.”

““Unfortunately, due to the age of the building and the significant structural issues, a timeline on completion is impossible to predict,” she added.

“At two Captiva Community Panel meetings this year, Bailey’s held presentations for the group. They explained the project would entail renovating the store’s interior and exterior, while maintaining Captiva’s architectural standards for historic buildings like it.

““With the same charm shoppers have enjoyed since ‘Ding’ Darling opened it as a general store in the early 1900’s,” Johnson said.

“Registered as a historic site and building, it once served as a boarding school, as well.

“At the panel meetings, Bailey’s also explained that the planned project would retain the building’s “look”, but use modern materials built to last longer. The store’s footprint will stay the same.

““All involved in the project are working to reopen the business as quickly as possible,” Johnson reported. “The operators of The Island Store understand this leaves a significant gap in the amenity offerings on Captiva. Fortunately, they are prepared to serve you form Bailey’s General Store.”

“She explained the Sanibel store provides delivery services throughout Captiva.

““And can even stock your home or rental before you arrive,” Johnson added.

“Bailey’s and RLR Investments thanked the public for its patience.

““The same folks that welcome you to Bailey’s General Store on Sanibel have enjoyed serving you over the past year on Captiva at The Island Store,” she reported. “Upon completion, the store will reopen as the same quaint Island Store that shoppers have come to know, love and count on, year after year.”

The Island Store is at 1500 Andy Rosse Lane, Captiva.

Sanibel & Captiva Islands Multiple Listing Service Activity December 6-13, 2019

Sanibel

CONDOS

3 new listings: Coquina Beach #5A 2/2 $468K, Sandalfoot #2D2 2/2 $699K (our listing), Pointe Santo #C23 3/2 $1.15M.

1 price change: Sandpiper Beach #205 2/2 now $860K.

7 new sales: Donax Village #10 1/2 listed at $358K, Blind Pass #E207 2/2.5 listed at $399K, Ibis at The Sanctuary #B102 2/2 listed at $489K, Loggerhead Cay #581 2/2 listed at $689K, Sanctuary Golf Villages #2-5 2/2 listed at $714K, Golden Beach #3 3/2.5 listed at $1.499M, Angler’s Key #202 3/3 listed at $2.195M.

3 closed sales: Surfside 12 #A3 3/2 listed at $700K, Tarpon Beach #104 2/2 $1.07M, Wedgewood #203 3/3.5 $2.4475M.

HOMES

8 new listings: 1695 Serenity Ln 3/2 $569K; 1076 Sand Castle Rd 2/2 $699,555; 1014 S Yachtsman Dr 3/2 $749K; 5089 Sanibel-Captiva Rd 3/2 $749,999; 792 Birdie View Pt 3/3.5 $1.047M; 532 Sea Oats Dr 3/4 $1.275M; 1564 Middle Gulf Dr 3/2.5 $1.295M; 2411 Blue Crab CT 4/4.5 $2.495M.

7 price changes: 1027 Sand Castle Rd 2/2 now $479K, 836 Donax St 3/2 now $549K, 5659 Sanibel-Captiva Rd 2/2 now $825K, 401 Lagoon Dr 4/4 now $970K, 550 N Yachtsman Dr 3/3 now $1.325M, 1230 Bay Dr 3/2 now $1.649M, 5075 Joewood Dr 4/4.5 now $2.9M.

5 new sales: 9446 Beverly Ln 3/3.5 listed at $620K, 1396 Tahiti Dr 4/3 listed at $779K, 668 Anchor Dr 3/2 listed at $958.5K, 2569 Coconut Dr 3/2 listed at $989K, 1333 Eagle Run Dr 3/2.5 listed at $1.095M.

3 closed sales: 198 Southwinds Dr 3/2 $675K, 256 Daniel Dr 3/2 $740K, 747 Windlass Way 4/3.5 $2.4M.

LOTS

No new listings.

1 price change: 3308 St Kilda Rd now $475K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Lands End Village #1602 3/3 $2.015M.

No price changes, new sales, or closed sales.

HOMES

1 new listing: 16221/16217 Captiva Dr 5/5.5 $4.389M.

1 price change: 11505 Gore Ln 5/5 now $1.695M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.

Until next Friday, Susan Andrews, aka SanibelSusan