Smiling at SanibelSusan Realty


Susan here, reporting that it has been another busy fun week at SanibelSusan Realty. The team and I had two nice closings today, received another new listing, put an off-island listing under contract, and have other offers and negotiations underway. Just how we like it! Whenever winter weather strikes up north, island real estate action picks up and we are very thankful for it! A complete list of the activity posted in the islands’ Multiple Listing Service since last Friday, follows a few news items below.

And the weather, I can’t forget to mention that a mini-cool front arrived with lower temperatures expected for the next week – 70’s during the days – 60’s at night. Red tide continues to linger, with some beach reports changing daily, others hourly. Many visitors have asked, “Will it be there when I come for Thanksgiving, or Christmas, or June, etc.?” The truthful answer is “We hope not, but we don’t know”. Today it is overcast and raining, but the rain is needed, so hopefully it will help wash those organisms (aka alga blooms) away!

Sanibel & Captiva Islands Association of Realtors®

2019 tree at Assoc RealtorsLast night was the Sanibel & Captiva Islands Association of Realtors® “Fall Into Christmas” benefit. Catered by Paper Fig Kitchen, it was a fun 2-hour after-work comradery event where member donations were collected for Friends Who Care. In addition to piles of new toys, $2,500 was raised to help families in need have a merrier Christmas. Thank you to affiliate sponsors: Dan Krispiinsky with Lake Michigan Credit Union of Florida, Dave Arter with Private Client Insurance Services, Angie Roehl with Rosier Insurance, and Amanda Curran with Superior Title Service. Four local designers also donated holiday décor items for the Silent Auction: Constance Davidson Interior Design, Decorating Den, Norris Furniture & Interiors, & Matter Brothers.

Scoop from Sanibel Sea School

Screen+Shot+2019-09-18+at+4_39_54+PMCoastal Keepers, the branch of Sanibel Sea School that creates and implements local conservation initiatives, is now called Coastal Watch. As background (from their October newsletter: “After being founded as a local chapter of Solutions to Avoid Red Tide (START) many years ago, a group of dedicated local residents decided in 2017 to merge with Sanibel Sea School to become Coastal Keepers. The change would provide more autonomy to plan and carry out initiatives on our islands.”

Having discovered that the Coastal Keepers name is copyrighted by a national organization, the local organization’s name was changed to Coastal Watch.

November 16, at their next fundraiser “The Launch”, Coastal Watch will announce what is happening next with them. Over the years, they have built a marine science education portal used by public schools, created Seafood Savvy to educate citizens about sustainable seafood, and implemented the Bring Your Own Bag and Strawless on Sanibel initiatives to reduce plastic in the ocean. Learn about the event and purchase tickets at http:www.//sancapcoastalwatch.org/the-launch

Florida Realtors® Wins National Challenge

C2EX_Endorsement Badge_200x200_3

SanibelSusan is C2EX endorsed!

 

 

Announced last week at the National Association of Realtors® (NAR) 2019 Conference and Trade Expo in San Francisco, Florida Realtors Pres. Eric Sain and CEO Margy Grant accepted a $10K check from NAR for Florida Realtors successful “You, Only Better” campaign to encourage participation in C2EX. Here is the press release:

“Hearing, “You won $10,000!” started this year’s National Association of Realtors® (NAR) 2019 Conference and Trade Expo off with a bang for Florida Realtors® President Eric Sain and CEO Margy Grant. The duo accepted a $10,000 check from NAR for Florida Realtors’ successful “You, Only Better” campaign to promote C2EX, NAR’s Commitment to Excellence program. Florida Realtors was named the winner of the state association category in NAR’s C3 Challenge contest, which sought creative campaigns from real estate brokerages, local Realtor® association and state Realtor® associations that encouraged participation in C2EX during the challenge period, May 1-Sept. 1, 2019.

““I’m delighted and honored to be here on behalf of Florida Realtors to accept this recognition for our efforts to promote C2EX to our members,” said 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach, and 2020 chair of NAR’s Commitment to Excellence Committee. “Our ‘You, Only Better’ campaign was creative, easy-to-understand and fun, which sparked excitement among our members and generated enthusiasm to participate in the program. From our animated C2EX logo to the C2EX T-shirt to the animated video explaining C2EX and how the program can help Realtors increase their professionalism, ‘You, Only Better’ has been a hit with our members. “And now, with this $10,000 award from NAR, we look forward to continuing our C2EX promotion and to even greater success in 2020!”

“The C2EX program is not a designation or course. The online self-assessment isn’t a requirement, but a benefit available to Realtors 24-7, at their convenience. The online resource measures a Realtor’s proficiency in each of 10 elements of professionalism – 11 elements for brokers. Based on individual results, the platform generates customized learning paths, recommends experiences, and provides tools and resources to increase that Realtor’s knowledge and skillsets. C2EX is NAR’s answer to Realtors’ call to raise the bar for professionalism.

“From the very beginning, when NAR launched C2EX this past January, Florida’s Realtors embraced the program,” said CEO Margy Grant. “Our members are passionate about Realtor professionalism and have long supported efforts to showcase that value to consumers. I’m proud to share that during the C3 Challenge period, Florida Realtors’ participation increased by 306% – and we’re excited to build on that enthusiasm in the coming year.”….”

Realtor® Advocacy Wins in 2019

That's who we are.pngIt is hard to believe that 2019 is winding down. The National Association of Realtors® has received positive feedback from their new widely broadcast advertising campaign, “That’s Who We R”. The Realtor® trademarked symbol indicates that a real estate licensee subscribes to the Realtor® Code of Ethics and belongs to their local, state, and the National Association of Realtors®. The next phase of that campaign ramps up early next year. Here are some advocacy wins in 2019 as reported by NAR President John Smaby:

National Flood Insurance Program – “In late September, Congress passed a temporary extension of the National Flood Insurance Program, the 13th since 2017. Over the summer, the House Financial Services Committee unanimously approved a five-year extension including significant reforms to flood mapping and mitigation. Realtors® support that legislation and will continue to fight for a long-term solution, knowing that just a few days’ lapse in coverage can result in the delay or cancellation of thousands of sales contracts.”

FHA Condominium Loan Rules – “In October, new Federal Housing Administration condominium loan rules went into effect. The changes, which include greater flexibility in the mix of commercial and residential space and the return of single-loan approvals, should expand homeownership opportunities and reduce affordability constraints that are keeping buyers out of the market.”

Work continues to help members put the new qualified opportunity zones program to work in their communities. The program is an element of the tax code with the potential to spur economic growth in underserved areas while providing tax benefits to investors. Realtors® also continue to work with congressional leaders on housing finance reform to ensure that creditworthy Americans in every corner of the country have access to affordable mortgages. The very nature of our business is evolving, and we are happy to be part of it.

Holiday Shopping at the “Ding” E-Store

www.ShopDingDarling.com is now live for purchasing unique souvenirs and gifts from anywhere in the U.S. “Ding’ Darling Wildlife Society operates the Nature Store to support the Refuge through the sale of logo apparel and memorabilia, kids toys, eco-friendly kitchen accessories, art, birding guides and other nature books, fair-trade decorative pieces, and a wide variety of gifts related to nature and conservation. In phase 1 of the store’s e-commerce site rollout, it carries an inventory of items available for online order. According to their online news last week, staff gradually will add more items. In the meantime, in-store items not included on the site are available by phone order at 239-472-1100 ext. 241.

Sanibel & Captiva Islands Multiple Listing Service Activity November 8 – 15, 2019

Sanibel

CONDOS

6 new listings: Kimball Lodge #223 1/1.5 $395K, Seashells #37 2/2 $429K, Sanibel Moorings #821 2/2 $579K, Sand Pointe #111 2/2 $699K, Sanctuary Golf Villages I #2-5 2/2.5 $714K, Sandpiper Beach #205 2/2 $879K.

9 price changes: Donax Village #10 1/2 now $358K; Mariner Pointe #952 1/1 now $399,999; Mariner Pointe #1052 2/2 now $499.9K; Pointe Santo #D21 2/2 now $599K; Snug Harbor #312 3/2 now $619K; Compass Point #221 2/2 now $674.9K; Sanibel Inn #3514 2/2 now $739.9K; Sanctuary Golf Villages I #1-4 3/3 now $875K; Sundial#E108 3/2 now $1.25M.

3 new sales: Seashells #15 2/2 listed at $439K, Sanibel Moorings #821 2/2 listed at $579K, Mariner Pointe #842 2/2 $579K.

1 closed salePine Cove #201 3/2 $1.35M (our listing).

HOMES

7 new listings: 9444 Cotten Ct 3/2.5 $665K, 718 Durion Ct 3/2 $669K, 822 Beach Rd 4/4 duplex $839K, 1501 Sand Castle Rd 5/3.5 $899K, 4345 Gulf Pines Dr 4/4 $950K, 4954 Joewood Dr 3/2 $1.45M, 1540 San Carlos Bay Dr 4/4.5 $4.395M.

8 price changes: 1401 Sandpiper Cir 3/2.5 half-duplex now $494.9K, 325 East Gulf Dr 1/1 now $512K, 9052 Mockingbird Dr 3/2 now $615K, 9446 Beverly Ln 3/3.5 now $620K, 513 Lake Murex Cir 3/2 now $729K, 257 Daniel Dr 3/2 now $750K, 1396 Tahiti Dr 4/3 now $779.9K, 924 Pecten Ct 4/4 now $1.699M.

2 new sales: 1418 Sanderling Cir 3/3 listed at $599.5K, 1121 Skiff Pl 3/3 listed at $995K.

3 closed sales: 1365 Tahiti Dr 2/2 $445K (our listing), 681 Rabbit Rd 3/2 $482K, 1586 Century Ct 3/2.5 $630K.

LOTS

2 new listings: 1894 Farm Trl $249K (our listing), 1313 Par View Dr $325K.

2 price changes: 9345 Dimmick Dr now $339K, 0 Island Inn Rd now $699K.

No new sales.

1 closed sale: 933 Strangler Fig Ln $435K.

Captiva

CONDOS

1 new listing: Bayside Villas #4106 1/2 $395K.

No price changes, new sales, or closed sales.

HOMES

No new listings

1 price change: 11509 Chapin Ln 4/4 now $1,799,999.

1 new sale: 14980 Binder Dr 4/4 listed at $2.695M.

No 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

 

Sanibel’s White Pelicans, Warm Weather, Special Shells, Real Estate, & Veterans


Happy Friday, FB friends. It was another busy week at SanibelSusan Realty with more listing inquiries, more showings, more open houses, more follow-up on upcoming closings, a nice new listing, and another in the works. As the November snowbirds started arriving, there was a noticeable boost in local traffic too. Speaking of birds, the white pelicans are back! Hundreds have been photographed on-island this week – many in the waters of the J.N. “Ding” Darling Wildlife Refuge and Clam Bayou. Those are always an indication of a change in the seasons.

There also was a little drop in temperatures with daytimes now in the 80’s. The forecast for the end of next week has even cooler daytime weather coming. Cooler here, meaning in the 70’s – perfect weather for shoveling beach sand and shells. With good shelling reports including two junonias pictured in today’s “Island Sun”, it is a great time to be in Florida.

Below are a couple of news items, followed by the action posted this week in the Sanibel & Captiva Islands Multiple Listing Service. Not many new sales were announced at our East-end Realtor Caravan meeting yesterday, but business is picking up.

At the Sanibel & Captiva Islands Association of Realtors®, the Christmas tree is up in preparation for our annual “Fall Into Christmas” fundraiser for Friends Who Care which is next Thursday after work. Our members will be donating toys and gift cards for those in need. The Association’s food drive for the F.I.S.H. San-Cap food pantry also is underway and continues until the end of the year.

Weekend Happenings

Island Seniors’ Annual Trash & Treasures Sale – tomorrow, Saturday, Nov 9 from 9 a.m. to 2 p.m. at the Center-4-Life on Library Way.

38th Taste of the Islands – benefitting CROW (Clinic for Rehabilitation of Wildlife) on Sunday, Nov 10 from noon to 5 p.m. at Sanibel Community Park (across the street from SanibelSusan Realty). Music by Private Stock Bank, food samples from 14 island establishments, plus silent auction items and CROW ambassadors inside the Community House. Entry fee is $7/person with children under 12 free.

Annual Sanibel Veterans Day Ceremony – Around the flagpole at City Hall at 11 a.m. Monday, Nov 11. Hosted by the City of Sanibel and Lee Coast Chapter of the Military Officers Association of America, featuring music and guest speakers. The City proudly has 24 veterans among their workforce.

Protecting Florida Together

For those near and far, following Florida’s water quality reports is challenging. There are many on-line postings, particularly on social media, that are outdated and inaccurate. On Tuesday, during a conference at Lovers Key State Park on Fort Myers Beach, Florida Governor Ron DeSantis announced the creation of a new website that focuses on state water quality. The website, called Protecting Florida Together, allows members of the public to check water quality status in three bodies of water: the Caloosahatchee River, Lake Okeechobee and the St. Lucie River. The Governor said that by next year, users also will be able to get info on water in other bodies of water in Florida. With 66 million state visitors during the first half of this year, the website is meant to get meaningful information out to Floridians, their families, and those coming here. The site also offers ways users can volunteer to help improve water quality. There also is a timeline of action the state has taken to improve water quality.

Sanibel to Install Red Tide Signs

In another effort to combat misinformation, James Evans, Sanibel’s Director of Natural Resources announced at Tuesday’s City Council meeting that the City is getting ready to install signs on island public beaches. The signage will include red tide info with a description of where there is a red tide bloom, what health symptoms are associated with red tide, and websites/phone numbers to get additional info (via the Florida Dept of Health website). The signs also will have an explanation of the differences between a red tide caution and an alert. Evans described the current red tide status as a “patchy bloom” and that “It’s all about being transparent, but it’s also about providing correct information.”

Who’s Buying Rental Vacation Property?

From the Nov/Dec 2019 issue of “Florida Realtor”: “Some 75% of prospective vacation rental buyers have a combined family income of less than $150,000 per year. Over a quarter of prospective vacation rental buyers are in their 20’s and 30’s. This new generation of investors is looking to cash in on the sharing economy-driven vacation rental boom.” Source – Vacasa 2019 Vacation Rental Buyers Profile (FYI, with 5,000+ employees, Vacasa managers 23,000+vacation properties in 17 countries.)

Closing Checklist for Sellers

Good scoop here from homelight.com, the balance.com, Florida Realtors:

“You may already have gathered all the paperwork you need for closing day, but there are a few other tasks to handle before you get to the closing table.

  • Clean the entire house, including inside drawers & cabinets.
  • Close utility accounts & have them shut off or transfer accounts on the day of closing.
  • Place all keys (house, mailbox, pool, etc.), garage remotes, alarm & gate codes, etc. in one place, such as a drawer closest to the refrigerator.
  • Create a packet of appliance manuals, service contracts, written warranties, etc. & place them in the same drawer.
  • Visit usps.com/manage/forward.htm to direct the post office to forward your mail. Also, consider leaving a large stamped envelope that’s addressed to your new home so the buyers can forward any important mail that ends up at your former home.
  • Cancel newspaper subscriptions, if any.
  • Do a final sweep of every drawer, cabinet, & surface to make sure you haven’t left anything behind.
  • Lock up the house, turn off the lights, & close the blinds on the way out.
  • Make a note to cancel homeowner’s insurance after the closing is complete & the title has been transferred or the deed recorded.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 1 – 8, 2019

Sanibel

CONDOS

4 new listings: Sundial #F408 1/1 $499K, Sanibel Arm West #A1 2/2 $534K, Lighthouse Point #211 2/2 $599K (our listing), Oceans Reach #4C1 2/2 $899K.

Lighthouse Point aerial looking toward San Carlos Bay & the causeway

3 price changes: Mariner Pointe #842 2/2 now $579K, Sand Pointe #111 2/2 now $699K, Kings Crown #102 2/2 now $975K.

2 new sales: Sanibel Siesta #108 2/2 listed at $579K, Tarpon Beach #104 2/2 listed at $1,149,555.

2 closed sales: Sundial #J201 1/1 $542K, Sanibel Moorings #1341 2/2 $670K.

HOMES

7 new listings: 1458 Sandpiper Cir 3/2.5 half-duplex $489.9K, 5297 Punta Caloosa Ct 2/3 $789K, 1410 Sanderling Cir 3/2 $875K, 966 Kings Crown Dr 3/2 $1.06M, 1333 Eagle Run Dr 3/2.5 $1.095M, 2477 Wulfert Rd 3/4 $1.375M, 5044 Joewood Dr 4/4.5 $2.15M.

7 price changes: 730 Cardium St 2/2 now $579K, 1418 Sanderling Cir 3/3 now $599.5K, 743 Windlass Way 3/2 now $649K, 1410 Albatross Rd 3/3 now $779K, 5422 Shearwater Dr 3/2.5 now $975K, 2857 Wulfert Rd 4/5 now $1.298M, 5250 Caloosa End Ln 3/2.5 now $1.389M.

2 new sales: 706 Nerita St 3/2 listed at $774K, 1243 Sand Castle Rd 4/4 listed at $1.05M.

2 closed sales: 1324 Seaspray Ln 3/3 $1.05M, 725 Donax St 6/6 $1.22M.

LOTS

1 new listing: 4334 West Gulf Dr $989K.

No price changes, new, or closed sales.

Captiva

CONDOS

No new listings

2 price changes: Bayside Villas #4212 1/1 now $368.9K, Lands End Village #1608 3/3 now $2.149M.

1 new sale: Beach Homes #11 4/3 listed at $2.35M.

1 closed sale: Gulf Beach Villas #2004 2/2 $627.5K.

HOMES

No new listings or price changes.

1 new sale: 16596 Captiva Dr 6/8.5 listed at $6.499M.

1 closed sale: 15161 Wiles Dr 5/5.5 $2.2M.

LOTS

1 new listing: 16151/16155 Captiva Dr $7.9M.

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.

Enjoy your weekend & don’t forget to honor Veterans on Monday (& every day). If you are on-island, keep an eye out for one of these shells. Painted by Amy Cloud & posted on “Sanibel Shells” Facebook page, Amy created these in honor of her Dad who is a WWII veteran & celebrating his 97th birthday. She said the Sanibel Shell fairies will be sprinkling them here. To all veterans, thank you for your service, & a special birthday thank you to Amy’s Dad. Also thanks to Amy for sharing her photo!

Susan Andrews aka SanibelSusan

Happy November Has Begun on Sunny Sanibel


Though November is here, it was sunny summer weather again this week on Sanibel and Captiva Islands. The bright blue skies are great, but it would be wonderful to be rid of record-breaking high temperatures. Looking ahead, the island forecast calls for temperatures in the mid-80’s for the next ten days. If we get lucky, some evenings may go down into the high 60’s.

At SanibelSusan Realty

office pix 09-12-17At the office, I was out showing property two days which resulted in a home sale today, while teammate Dave also showed property and opened listings for showings, plus accompanied home inspectors, contractors, and held some Open Houses. Business is picking up and the roadways are busier too. The report of the week’s action posted in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

Red Tide Update

This week, evidence and reports of red tide have varied day-to-day and hour-to-hour with changes in wind direction, tides, and weather. The latest red tide sampling map posted by Florida Fish & Wildlife Conservation Commission shows high concentrations at Blind Pass, just off the Captiva beach, and in Pine Island Sound. Medium concentrations are noted at beach at end of Tarpon Bay Rd and at Lighthouse Beach. Concentrations also are high on Fort Myers Beach, Bonita Beaches, and Naples. A cool snap sure might help.

Ground Breaking for C-43 Reservoir

C43 reservoir.jpgOne water quality solution is the new Caloosahatchee (C-43) West Basin Storage Reservoir which will intercept and store water released from Lake Okeechobee and stormwater runoff. It will reduce discharges from the lake into the Caloosahatchee Estuary during the rainy season and will allow water managers to deliver freshwater to the river and the estuary during the dry season when it is needed.

Last Friday, Florida Gov. Ron DeSantis visited the C-43 site to break ground on the embankments and canals. “This is a big step forward in expediting one of our most important Everglades restoration projects,” DeSantis said. “Once complete, the C-43 Reservoir will store approximately 55 million gallons of water, with 19 miles of embankments and 15 miles of canals to reduce harmful discharges from Lake Okeechobee and help bring the Caloosahatchee River and Estuary back to health. I thank our partners at the South Florida Water Management District (SFWMD) and the Department of Environmental Projection who I know will work hard to see this project through.”

sfwmd LOGOIslanders continue to also sing the praises of Sanibel resident Chauncey Goss, SFWMD Governing Board Chairman. The SFWMD is working to build the embankments and perimeter canals, allowing the two-cell reservoir to hold 170,000 acre-feet of water. Fourteen water control structures and public recreational features also will be incorporated into the site which is expected to be completed by the end of 2023.

Island Happenings

2019 HalloweenThere were lots of island Halloween events yesterday for both children and grown-ups, including a costume contest at the Association of Realtor® Caravan Meeting. Those Thursday morning meetings where we announce new listings, new sales, and price reductions will continue right through “season”. SanibelSusan’s fortune-teller costume lost out to Willy Nelson and another called “Condo Rider”, but my prediction stands for strong healthy real estate sales this winter.

sanibel Jazz festival pixSunday, Nov 3 – Fourth Annual Sanibel Blues & Jazz Fest – from noon to 7 p.m. at Bailey’s Backyard behind Bailey’s Shopping Center. Bring your own chair, food & beverages available for purchase. $20 general admission at the event entrance. Funds raised aid the Sanibel-Captiva Optimist Club charities.

Roadways & Construction

Sanibelcityseal logoHere are a few areas where you may experience road delays next week. Info from http://www.mySanibel.com.

Periodic Lane Closures Coming on Island – The project to install new overhead signs approaching the island, on McGregor Blvd (Summerlin between Shell Point and the toll both) has been extended through next Fri, Nov 8.

Inspection of 3 Bridges – by Florida Department of Transportation will occur on the causeway bridges between Nov 5 and 7. The first two days most of the work will be done from barges below, but on Thursday, there may be roadway lane shifts.

Vegetation Trimming – on south side of San-Cap Rd from Blind Pass to Tarpon Bay Rd through next Friday, Nov 8.

Sanibel & Captiva Islands Multiple Listing Service Activity October 25 – November 1, 2019

paragon black knight logoSanibel

CONDOS

8 new listings: Spanish Cay #F8 2/2 $399K, Sundial #H307 1/1 $419K, Sundial #C210 1/1 $485K, Mariner Pointe #721 2/2 $534K, Sanibel Siesta #108 2/2 $579K, Compass Point #222 2/2 $695K, Kings Crown #213 2/2 $799K, Sanctuary Golf Villages #4-1 3/3 $925K.

4 price changes: Cottage Colony West #102 1/1 now $589K, Island Beach Club #P1A 2/2 now $619K, Loggerhead Cay #192 2/2 now $745K, Sanibel Moorings #1111 2/2 now $947K.

4 new sales: Yacht Haven #4 3/2 listed at $869K, Compass Point #181 2/3 listed at $1.195M, Villas of Sanibel #A102 3/3 listed at $1.295M, Gulfside Place #326 2/2 listed at $1.449M.

No closed sales.

HOMES

5 new listings: 5303 Ladyfinger Lake Rd 3/2 $679K, 3256 Twin Lakes Ln 3/3 $724.9K, 706 Nerita St 3/2 $774K, 1031 Sand Castle Rd 3/3 $820K, 938 Pecten Ct 3/2.5 $1.039M.

5 price changes: 430 Old Trail Rd 3/2.5 now $579K, 4245 Gulf Pines Dr 3/2 now $700K, 1717 Venus Dr 3/2.5 now $1.199M, 872 Limpet Dr 3/3 now $1.495M, 1238 Isabel Dr 4/4.5 now $3.595M (our listing).

View

The home is just as stunning as the view at 1238 Isabel Dr in Sanibel Harbours!

 

4 new sales: 256 Daniel Dr 3/2 listed at $747K, 9436 Yucca Ct 3/2 listed at $839K (our buyer), 788 Nerita St 3/3 listed at $887K, 5615 Baltusrol Ct 4/6/3 listed at $2,999,999.

3 closed sales: 1060 White Ibis Dr 3/2 $735K, 1305 Eagle Run Dr 3/2.5 $925K, 772 Birdie View Pt 3/3.5 $1.1M.

LOTS

No new listings.

1 price change: 1303 Par View Dr now $319K.

No new or closed sales.

Captiva

CONDOS

No new listings, price changes, or new sales.

2 closed sales: Sunset Beach Villas #2216 1/1 $483.5K, Beach Villas #2426 1/1 $512.5K.

HOMES

1 new listing: 14865 Mango Ct 2/2 $1.295M.

1 price change: 15879 Captiva Dr 3/3 now $2.489M.

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.

We love fallUntil next Friday, here’s to a new month and more fall fun!

Susan Andrews, aka SanibelSusan

Pre-Halloween Happenings & Good Real Estate Action at SanibelSusan Realty


It’s SanibelSusan with another report about island real estate and happenings. Another sunny blue-sky Friday it is with local temperatures again expected to be record setting (low 90’s). The calendar says fall, but it still sure feels like summer.

 

Upcoming Events

As the roadways continue to fill up, the island events calendar also is in full swing. Below are some happenings scheduled this weekend, but first a photo taken this morning at Sanibel’s Pond Apple Park. Thanks to Yves-Pascal and Susanna for sharing. Look closely, they said they saw about 12 baby gators. They are cute when they are this size!

IMG_8834

Island Paw’s 15th Annual Howl-O-Ween – Today from 5 to 7 p.m. at the Over Easy Café Patio with pet costume contest & fundraiser to benefit Flying Fur Animal Rescue.

11th Annual F.I.S.H. 10K Race – tomorrow, Saturday, Oct 26, race starts at 7:30 a.m. & finishes at The Community House. Sign-ups begin at 6:30 a.m. (SanibelSusan again is the volunteer guard for any vehicles entering/exiting Sanibel Square. Other Realtors® & Rotary volunteers will be on safety patrol at other driveway intersections along the route.) During the 10K Road Race, a Kids Race (up to age 10) will take place at the Sanibel Community Park (across the street from our office). The Kids Race is just for fun with all participating children to receive a ribbon and treat from Joey’s Custard.

baileyfest 201934th Annual Bailey Fest – Sunday, Oct 27 from noon until 4 p.m. at Bailey’s Center. Free & open to the public, this is the Center’s annual thank you to their patrons. Festivities include parade featuring the king and queen from the Sanibel School (winners of the essay contest, “What Sanibel Means To Me”) & stage performances by the school’s steel drum band & elementary choir performing. Free food, pony rides, water slide, giveaways, games, & more.

Red Tide Update

The red tide reported in last week’s blog was short-lived, thank goodness. When I received two offers Sunday afternoon about the same time that social media was posting reports of bad smells and photos of fish washing up on the beach, I thought we might be in trouble. But, by Monday the worst of it was gone and most beaches were back to normal. Those darn red tide occurrences can be as unpredictable as shelling. Whenever there is a change in the weather or wind direction, it can affect what comes ashore. Some of what came ashore last week was red drift algae which as mentioned in earlier updates, is not the same as red tide. Last week’s red tide event was likely from an upwelling of nutrients from the ocean floor from recent gulf storms that triggered the algae blooms – a natural event that sometimes comes at the most inopportune time.

Floria Fish & Wildlife LogoFlorida Fish & Wildlife Conservation Commission website posts the last eight days of their test results on their on-line map. Yesterday, that map showed just three spots of high red tide readings in Florida. Those were in the middle of Pine Island Sound between Captiva/North Captiva and St. James City. Today, Lighthouse Beach was also tagged as an area with high readings. Some medium readings were shown sporadically in a few areas from North Captiva to Marco Island Beach. Most Florida areas showed low to no evidence.

At West Wind Inn

This afternoon, I stopped at West Wind Inn’s Normandie Seaside Café for a quick lunch and to check the beach there. Though the wind was blowing on shore, I did not notice any smell or have any eye or throat irritation. The gulf was a little stirred up from the breeze, but there were swimmers in the water and pelicans diving.

IMG_8835IMG_8838

West Wind’s café and bar manager, Kim who faithfully posts the best pictures from the Upper Deck poolside was working inside the restaurant, training up a new employee. Got smiles out of them both. West Wind is a long-time favorite of both locals and visitors. Music most nights at the Upper Deck for sunset and consistent reasonable meals, breakfast, lunch, and dinner. Photo below by Kim at the Upper Deck on Wednesday.

2019-10-24 WW pool bar

IMG_8840.jpg

Smiling gals at Normandie Seaside Café. Kim on right, with new employee Marlaina on left.

Lee County Property Fraud Alert Service

henderson-franklinIt sure is scary to hear about the fraud occurring these days. The below article was posted on-line in August by attorney Kaylee Tuck with Henderson-Franklin.

“Did you know that liens can be filed on your real property without your knowledge or consent, even if they’re not valid? Did you know those liens can affect title to your property? Did you also know someone can create a fraudulent deed that gives your real property to someone else? It’s all very scary and, unfortunately, happens frequently. That’s why the Lee County Clerk of Courts recently launched a new Property Fraud Alert program.

“The Property Fraud Alert program is completely free and allows subscribers to register their name (or any name) into the fraud alert system, and the system will alert registered users within 48 hours if a document has been recorded with the name of a registered user. This system will allow early detection of potentially fraudulent activity, which allows property owners to act fast and avoid issues down the road.

“Why is the system so important? Property owners will never know if an official record has been recorded in their name or on their property if they are not consistently monitoring Lee County’s official records. The Property Fraud Alert system does the work for you. If you are a registered user, the system will email you if a document has been recorded with your name on it. The email will also give you a link to review the recorded document. If the document is fraudulent or a mistake has been made, you have the opportunity to take immediate action to fix the potentially fraudulent activity

“Are you ready to subscribe yet? If so, just go to this link: https://or.leeclerk.org/LandMarkWeb/FraudAlert.

Enter the name of the person or business you want to monitor and the email address where you would like to receive the alerts. You can monitor as many names as you wish.

“Tips for subscribing: Use a personal email address that you check regularly. This system can’t help if alerts aren’t received. Register your name as follows:

  • First and Last
  • First, Middle, and Last
  • First, Middle Initial, and Last

“The system will only notify the registered user if the name on the recorded document exactly matches the registered name. Make sure to register multiple variations of your name.

“Register yourself and other family members. There is no limit for how many names you choose to monitor, so keep an eye on yourself and your family.

“If you think you are a victim of a fraudulently recorded document, contact the Lee County Sheriff’s Office fraud line at 239-258-3292 or by email at fraudline@sheriffleefl.org. You may also wish to contact an attorney to determine whether you should take legal action to undo the fraudulent recording.”

Sanibel’s Leaders Working for All of Us

2019-10-23 DC Federal fly inYesterday, City councilor and friend Holly Smith returned from her trip this week to the Capitol. She was there as part of the Florida League of Cities for an event called FAST (Federal Action Strike Team) Federal Fly-in to Washington DC. Sanibel’s City leaders sure work hard for us. Thank you, Holly!

Below is some info from her Facebook post:

Port St Lucie Councilor Jolien Caraballo Congressman Brian Mast

Florida water warriors. East coast & west coast working together. Holly on the right, with Port St Lucie Councilor Jolien Caraballo & Florida Congressman Brian Mast in the center. 

“I am part of the FAST Committee for the Florida League of Cities. About 55 Elected Officials from around the State work together in unified and diverse voices – we don’t wear our political affiliations on our sleeves -speaking to our outlined 2020 legislative priorities. This is a non-partisan advocacy trip to meet with various White House Departments, FL Congresswomen, FL Congressmen and our esteemed FL Senators Rubio and Scott to discuss and bring to attention these vital Federally-regulated issues.”

In addition to Holly, other Lee County municipally-elected officials participating included City of Fort Myers Councilwoman Teresa Watkins Brown, Village of Estero Mayor Bill Ribble, and Bonita Springs Councilman Fred Forbes, joined by a group of elected advocates. Here posting continued with:

“Our 2020 priorities (not in particular order) included:

“1. National Flood Insurance Program (NFIP) – We Floridians basically pay 3:1 or 4:1 Nationally. You all see your premiums increase. The Citizens of Florida should not bear the financial weight of National disasters. Our Ask – A long-term reauthorization NFIP package which provides affordability for existing and future policy holders, accurate flood mapping, resiliency incentives.

“2. Cyber Security – We have all seen the number of municipalities and private sector hit by Cyberattacks and held for ransom. This can and has been crippling and/or expensive to those compromised. We support Federal funding for technical assistance, threat assessments, employee training, infrastructure improvements and data protection to help cities be better prepared for the next cyberattack.

“3. ADA Compliance for Municipal Websites – I was the spokesperson to this issue for my group. There is a cottage industry of litigation throughout Florida stemming from unclear accessibility standards for Website ADA Compliance. I can speak from personal experience to this matter. Public and private sector entity websites across the state have seen a steady increase in legal claims. It’s a racket – settle for a specified amount – then no follow up. We need the DOJ to clarify the rules on Website Accessibility Standards. It was initiated – then halted. Let’s get this vague language eliminated and have rules of specificity we can all comply with. Also allow for a period to cure rather than awarding these unscrupulous attorneys to benefit unjustly. Some municipalities have literally had to shut down their public websites as they are unable to afford the cost of litigation

“4. Investing in Infrastructure, Water Supply and Water Quality – through grants, low-interest loans and technical Assistance. An estimated 48.71 Billion is needed over the next 30 years to meet the needs for drinking water, wastewater, flood control, nutrient pollution, Everglades Restoration and beach/inlet erosion. I don’t have to tell you how proactive Sanibel is in this priority. Mayor Kevin Ruane, Director James Evans, and I return to DC on Sunday to directly advocate for our Cities priorities.

“Other priorities included transportation infrastructure, broadband infrastructure funding opportunities, federal preemption of small wireless infrastructure deployment (meaning providers can now put up a structure in local rights of way without much, if any restrictions- so not right), advance refunding on municipal bonds, and Risk Rating 2.0 (urging FEMA to provide more details to better comprehend the impacts to Floridians).

“We also can claim victory as President Trump just approved one of our priorities: To approve a Category B reimbursement to offset the costs to local Governments incurred for emergency protective measures!

“Very grateful to all of our Federal Partners and Federal Elected Officials who were generous with their time and look forward to their efforts in helping us move these priorities forward. STAY TUNED!”

Sanibel & Captiva Islands Multiple Listing Service Activity October 18-25, 2019

Sanibel

CONDOS

5 new listings: Sundial #F205 1/1 $429K, Loggerhead Cay #332 2/2 $549K, Loggerhead Cay #263 2/2 $665K, Villa Sanibel #3A 2/2 $689K, Sand Pointe #212 2/2 $739K.

3 price changes: Sanibel Arms #D7 1/1 now $389K, Mariner Pointe #1052 2/2 now $519.9K, Cyprina Beach #1 3/3 now $1.395M.

2 new sales: Sanibel Arms West #E2 2/2 listed at $849K (our listing), White Pelican #114 2/2 listed at $850K.

3 closed sales: Sanibel Arms West #I1 2/2 $529K, Sunset South #6B 2/2 $538.6K, Gulfside Place #305 2/2 $1.15M.

HOMES

5 new listings: 1027 Sand Castle Rd 2/2 $499K, 1925 Roseate Ln 2/2 $669K, 5672 Sanibel-Captiva Rd 3/2 $715K, 979 Whelk Dr 3/2.5 $995K, 2268 Wulfert Rd 4/5.5 $1.995M.

11 price changes: 1401 Sandpiper Cir 3/2.5 half-duplex now $499.9K; 1585 Bunting Ln 3/2 now $575K; 707 Cardium St 3/2 now $729K; 788 Nerita St 3/3 now $887K; 1244 Par View Dr 4/3 now $899K; 829 Birdie View Pt 4/3.5 now $1.08M; 815 Limpet Dr 3/3 now $1.699M; 4809 Tradewinds Dr 3/3.5 now $1.875M; 2391 Shop Rd 3/2.5 now $1.997M; 5615 Baltusrol Ct 4/6/3 now $2,999,999; 4709 Rue belle Mer 3/2 now $3.225M.

1 new sale: 572 Kinzie Island Ct 5/5 listed at $2.15M.

3 closed sales: 1695 Serenity Ln 3/2 $485K, 1119 Seagrape Ln 2/1 $689K, 4080 West Gulf Dr 3/2 $955K (our buyer).

LOTS

1 new listing: 6008 White Heron Ln $899K.

No price change or new sales.

1 closed sale: 5737 Baltusrol Ct $280K (our listing).

Captiva

CONDOS

No new listing.

1 price change: Tennis Villas #3220 1/1 now $335K.

No new or closed sales.

HOMES & 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.

Halloween treat-clipart-halloweenHappy Halloween next week! SanibelSusan still is trying to come up with an outfit for the Realtors® Thursday Morning Caravan Meeting (& costume contest). Wish me luck!

Until next Friday, Susan Andrews, aka SanibelSusan

It’s a Colorful Time… Vivid Rosy Bougainvillea, “Pink Out”, & …


Happy Friday, everyone! Following another sunny week on Sanibel Island, rain is expected to begin here soon. The tropical storm passing in the northern Gulf of Mexico is forecast to produce scattered showers over SW Florida into tomorrow afternoon. We need the rain.

Dry late fall weather usually gets bougainvillea trees and bushes blooming. Below are some that I noticed on my ride home last night. They are at the Pointe Santo entrance.

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Mine at home are starting to pop out too. This photo from Nov 2018.IMG_7125.jpg

Red Tide

The news that I don’t like reporting is that locals and visitors are in a tizzy about red tide. The City’s panoramic aerials posted Tuesday afternoon (link here), show such a huge difference in how the water looks now compared to last year at this time, that was it heartbreaking to read that the Marine Lab had done local testing and found presence of the red tide organism in some areas. Below is the message posted Tuesday night on social media by the Sanibel-Captiva Conservation Foundation:

2019-10-15 SCCF“Research scientists from SCCF’s Marine Lab took water samples on a short cruise today on the lower Caloosahatchee River, San Carlos Bay and into the Gulf of Mexico. They found Karenia brevis, the organism that blooms into red tide, present at all sites sampled. The maximum concentration they found was 880,000 cells/liter two miles offshore of Tarpon Bay Rd Beach on Sanibel. Levels higher than 100,000 can result in fish kills and respiratory irritation in humans. Next week, they will do a more expansive cruise into the Gulf from North Captiva Island to Sanibel. Stay tuned for ongoing updates.”

That posting sparked some questions, so they further clarified saying: “Our Marine Lab’s testing is part of a National Science Foundation (NSF) RAPID grant to study harmful algal blooms (HABs). The NSF grant is intended to investigate how the intensity of red tide blooms is “related to nutrients in freshwater releases from Lake Okeechobee, a large inland lake in south-central Florida that is managed for flood prevention.” The research will contribute to the lack of “strong scientific evidence to support the connection between the red tide and Lake Okeechobee water releases.” The objective of the project is to provide water quality data prior to and throughout major freshwater releases. These data will provide insight into cause-and-effect relationships between freshwater releases, and algal blooms.”

SCCF logoWith SCCF reporting the highest number of organisms around the island off the beach at the end of Tarpon Bay Road, it is not surprising that this same area produced complaints, both yesterday and today, from beachgoers experiencing respiratory irritations. Some marine life also has washed ashore. Teammate Dave reported a noticeable smell on his drive over the causeway last night.

As a reminder, there had been no releases from Lake O all summer until just over a week ago when small releases were sent this direction to dilute the salinity in the estuary. This was to help the health of seagrasses in areas that had not received rain in recent weeks.

Prior to these reports, recent red tide incidents were mostly further south in the Naples/Marco Island area. Not a good omen for things to get better soon is the forecast for winds from the south all weekend.

Annual Meeting Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday was the annual meeting of the islands’ Association of Realtors®. Congratulations to newly elected board members, Realtors® Greg Demaras, Mike McMurray, and Janka Varmusa. With over 250 Realtor® members and nearly 150 Affiliate members, the Sanibel & Captiva Association is vibrant healthy and ready for “season”.

Caravan meetings will continue Thursday mornings biweekly until the end of the month, when we celebrate Halloween (costume contest) and revert to the “season” weekly schedule rotating from East End to West End. All winter you can expect to see Open Houses on Thursday mornings from 9 a.m. until noon. City rules allow only two open houses a month, up to 4-hours each, while Association MLS rules allow only one Caravan Open House every six months. You can be sure that we follow the rules and also try to schedule these events when they produce the most results.

Between now and the end of the year, the Association will continue to collect non-perishable food for the F.I.S.H. food pantry. Since Hurricane Irma and the water quality issues last year, local food needs have increased with supplies depleting quickly. Members and friends are encouraged to bring donations to either the Association of Realtors® Office at 2353 Periwinkle Way, Suite 201 (over Finnimore’s Cycle) or at F.I.S.H. at 2430-B Periwinkle Way (behind Bleu Rendez-Vous Bistro). The F.I.S.H. Food Pantry is open from 10 a.m. to 3:45 p.m.

After work on November 14, the Association will hold its annual “Fall Into Christmas” fundraiser for local charity “Friends Who Care”.

At SanibelSusan Realty Associates

2017-09-12 OfficeThe Association’s new Multiple Listing Service (MLS) provider offers a variety of new reports and advertising opportunities. Yesterday, Elise mailed our team’s monthly summary progress report letters which included the Islands’ 3rd Quarter Market Report. Lingering evidence of the market downturn from the water problems last year remains.

Below is an update of Sanibel’s inventory today. As the island gets busier, likewise, more listings come on the market every day. Both number of sales and average sale prices are off, even when compared to last year. That could change last quarter which is when we see the most sales to those wanting to winter in paradise or benefit from owning in 2020.  For arriving buyers, there is plenty of good well-priced inventory for them.

Sanibel Inventory
Condos Homes Lots
Status # Price $ DOM # Price $ DOM # Price $ DOM
For sale 108 839,859 196 142 1,338,771 171 67 730,723 442
Under contract 9 861,322 128 23 886,254 106 3 321,333 74
Sold 2019 thru 10/18 101 667,163 151 172 972,271 173 12 392,333 816
Sold 2018 155 720,617 172 218 1,112,748 162 21 602,095 240
Sold 2017 140 728,793 188 186 1,004,237 163 32 327,229 504

 

Event Reminders

Ding Darling Day31st Annual “Ding” Darling Day – Free Family Fun Day – Sunday, Oct 20, all day beginning at 8 a.m. More info at www.DingDarlingDays.com

breast cancer month8th Annual “Let’s Pink Out” – Thursday, Oct 24, Breast Cancer Awareness Celebration & Luncheon from 11:30 a.m. to 1:30 p.m. at Sanibel Fire & Rescue District Station #1 on Palm Ridge Road. Saturdays, all month, from 9 a.m. to 5 p.m. “Pink Out” volunteers are bagging groceries at Bailey’s for tips. Donations collected go to F.I.S.H. to help those in the community with cancer-related needs.

Rising Financial Wealth Boosts Demand for Vacation Homes

RSPS-Resort-Second-Home-Property-Specialist-Real-Estate-DesignationAs the instructor for the local class on the Resort & 2nd Home Market, I carefully follow the statistics published by the National Association of Realtors® (NAR) and their newsletter from the RSPS (Resort & 2nd-Home Property Specialist) group. Here are some excerpts from an article they published on Oct 10, 2019:

“Increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes, according to the National Association of Realtors® 2019 U.S. Vacation Home Counties Report, https://www.nar.realtor/research-and-statistics/research-reports/us-vacation-home-counties.

“Between 2013 to 2018, the median sales price in vacation home counties increased at a slightly higher pace of 36% compared to the pace of increase of all existing and new homes sold,1 at 31%. Median price increases occurred across both expensive and inexpensive areas. The counties with the highest price increases during this five-year span were in three states: Pennsylvania, which includes Pike and Monroe counties; Wisconsin, which contains Price and Washburn counties; and Massachusetts, which includes Nantucket.

“Lawrence Yun, NAR’s chief economist, says the present figures are telling, especially when compared to data from 10 years prior. “As of 2018, household net worth reached an all-time high of $100.3 trillion – that’s nearly double from a decade ago when wealth declined during the recession. Some of this tremendous growth in wealth, although concentrated, increased demand for vacation homes.”

“Although most homebuyers purchase their residence with an intent to use the property as a primary home, that is not the case for all buyers. In fact, a portion of homeowners purchase a second home expecting to use it as a general family vacation spot, as a tenant rental, a means to gain equity, or – upon retirement – a future primary residence….”

Sanibel & Captiva Islands Multiple Listing Service Activity October 11 – 18, 2019

Sanibel

CONDOS

7 new listings: Blind Pass #F204 2/2.5 $455K; Sanibel Arms West #I7 2/2 $579K; Cottage Colony West #102 1/1 $609,906; Sanibel Surfside #132 2/2 $925K; Sundial #K402 2/2 $1.1899M; Compass Point #181 2/3 $1.195M, Pointe Santo #E24 3/2 $1.425M.

4 price changes: Compass Point #221 2/2 now $695K, Loggerhead Cay #553 2/2 now $699K, Yacht Haven #4 3/2 now $869K, Gulfside Place #222 2/2 now $1.395M (our listing, photos below).

1 new sale: Wedgewood #305 3/3.5 listed at $1.495M.

No closed sales.

HOMES

4 new listings: 1356 Jamaica Dr 2/1.5 $587K, 6033 Dinkins Lake Rd 3/3.5 $799K, 1567 Sand Castle Rd 3/3 $897K, 261 Ferry Landing 2/2 half-duplex $1.095M.

7 price changes: 1585 Bunting Ln 3/2 now $575K, 9446 Beverly Ln 3/3.5 now $669K, 1559 Sand Castle Rd 3/2 now $715K, 707 Cardium St 3/2 now $729K, 1667 Venus Dr 3/2 now $1.1M, 1307 Par View Dr 3/3 now $1.149M, 2964 Wulfert Rd 5/5.5 now $3.699M.

3 new sales: 335 Cowry Ct 4/3.5 listed at $799.9K, 9094 Mockingbird Dr 4/3.5 listed at $895K, 836 Sand Dollar Dr 3/2/2 listed at $1.295M.

5 closed sales: 970 Greenwood Ct 3/2.5 half-duplex $398.5K, 1441 Sand Castle Rd 3/2.5 $639K, 2719 Wulfert Rd 4/4/2 $1.2M, 1136 Golden Olive Ct 4/4.5 $2.51M, 2915 Wulfert Rd 5/6.5 $2.7225M.

LOTS

No new listings.

1 price change: 4538 Bowen Bayou Rd now $220K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #5234 1/2 $415K.

1 price change: Beach Homes #2 3/2 now $1.899M.

No new or closed sales.

HOMES

1 new listing: 11515 Gore Ln 5/4.5 $2.45M.

No price changes or new sales.

1 closed sale: 14981 Binder Dr 3/3 $957K.

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.

girl-standing-in-rainUntil next Friday, Susan Andrews, aka SanibelSusan

No Snow Here, But This Egret Sure is White!


It’s SanibelSusan reporting that the island roadways are getting busier. With 2018 off, it sure is great to again see activity pick up in October. In the summer, I often make a quick trip home during the noon lunch hour. That 2.9-mile trip up Periwinkle, in the off-season, usually takes about seven minutes. By yesterday, that time had expanded to 15 minutes. But, that’s OK, businesses need those returning owners and visitors.

Island friends, Ed and Ellie stopped in this week to say “hello” and Ellie shared the below photo she took at the Sanibel fishing pier. I told her this beauty will be the star of this week’s blog! It’s a beautiful great white egret (I think), not a snowy egret. Those are smaller and have the opposite coloring – still bright white, but black beak and yellow feet. Great white herons are similar too. Also large and their coloring is like the great white egret, but they have large heavy bills. If I guessed wrong, I bet a birder will set me straight!

2019-10 Ellie's bird

It still feels like summer! Weather this week cooled down to the high 80’s (degrees F) during the days, low 70’s at night – mostly sunny with occasional showers inland off-island. We need rain, so on Saturday the Army Corps of Engineers initiated minimum water flows from Lake O to the Caloosahatchee estuary. During certain times of the year, scientists say water releases like this are necessary to maintain a health estuary. The releases were expected to continue until tomorrow.

With the news reporting big weather changes elsewhere – huge temperature drops, plus snow and ice storms. That should make Sanibel & Captiva even more appealing.

Teammate Elise advises that the Lee County Schools first quarter ends today – that was fast. Local kiddos also get a full week off for Thanksgiving vacation this year, usually they just get a few days.

We did not have a local Association of Realtors® Caravan meeting this week. Next Thursday is our annual meeting. After a few news items below, check out the action since last Friday reported in the Sanibel & Captiva Islands Multiple Listing Service. You will notice that in comparison to last week, there was not much. We hope that changes with the holiday weekend and that you enjoy your weekend too!

Vice President Pence to Visit Sanibel Again This WeekendVice Presidents Logo

Once again, the island is a twitter with the news that Vice President Mike Pence is expected to make another trip to Southwest Florida this weekend. A TFR (Temporary Flight Restriction) has been issued for VIP movement at Southwest Florida Regional Airport and southern Sanibel Island from Thursday at 11:45 p.m. through Sunday at 12:00 p.m.

During that time, the airspace around Sanibel has been designated as “national defense airspace,” which is common when the president or vice-president visits an area. The Sanibel Causeway and other roads are expected to close at times during the high-profile visit, but please know that it is not much of a disruption. He stays at a client’s home here that is off the beaten path so unless you happen to be on Periwinkle or the Causeway when he is on the move, you probably won’t even know that he is in town.

Process for Registering Sanibel Short-Term Rentals

Sanibelcityseal logoRecently, Sanibel City Council approved establishing a registration process for island short-term rentals. Council supports an ordinance to create registration of dwelling rentals and rental licenses. The purpose of the process is to regulate and ensure compliance of non-resort housing and platform vacation rentals like Airbnb and to preserve the character of residential neighborhoods. (It is basically a record and licensure process to ensure that rules already in place are followed. Sanibel Code says that compliant resort dwellings have no rental time or frequency limit, while non-resort dwellings must be rented for four consecutive weeks or more.) More on this in the weeks to come.

Events & ReOpenings

“Season” begins with lots of annual happenings:

Sanibel shellsSanibel-Captiva Shell Club – Though the Shell Museum remains closed while the new Aquarium construction completes, the Sanibel-Captiva Shell Club’s first meeting of the season is this Sunday, October 13 at the Sanibel Community House beginning at 2 p.m.

historical village logoSanibel Historical Village – reopens Tues, October 15 and will be open Tues-Sat from 10 a.m. to 4 p.m. with guided tours at 10:30 a.m. and 1:30 p.m. Season highlights include several Twilight Talks and their annual gala fundraiser February 18 at The Community House. The talks are at noon on the 1st Mondays, December through March. New museum volunteers are always needed. Training begins November 4. More info at www.sanibelmuseum.org

Tower gallery13th Annual Tower Gallery Attic Sale– Fri & Sat, October 18 & 19 from 10 a.m. to 4 p.m. www.towergallery.net

 

4th Annual Sanibel Blues & Jazz Fest – Sun, November 3 from noon to 7 p.m. in the backyard of Bailey’s Center sponsored by the Sanibel-Captiva Optimist Club. Annual fundraiser for the club’s charities, including scholarships and summer youth programs at the Sanibel Rec Center. sanibel Jazz festival pixPerformances by islander Johnny Jensen at 1 p.m., the local Marty Stokes Band at 2 p.m., Sean Chambers featured on the U.S. Billboard Blues Album Chart at 3:30 p.m., & British Blues Hall of Famer Matt Schofield at 5 p.m. A jam session featuring all of the performers ends the event. Tickets at www.eventbrite.com, Bailey’s General Store, Sanibel-Captiva Community Bank, & George & Wendy’s Seafood Grille.

Hobie cat race 2019.pngSouth Seas Hosting World Championship Hobie Class Races – from Nov 1-16. This is the 1st time since 1984, that these races are being held in the U.S. and the 1st time in SW Florida. According to race organizers, the Hobie 16 World Championships is the only sailboat class in the world to supply brand new identical boats for all competitors to race. The course will be just off Sunset Beach, at the north end of Captiva. Sailboat racing fans may enter the resort entry gate and proceed to hotel registration where $5 per vehicle will be collected, parking pass issued, and wristbands provided for each spectator. Tickets also are available for special events (www.hobieclass.com).

crow-logo2019 Taste of The Islands – Sun, November 10 from noon to 5 p.m. at Sanibel Community Park with CROW’s animal ambassadors and silent auction in The Community House. The participating restaurants were announced this week including The Bubble Room, The clam Shack, Doc Ford’s Rum Bar & Grille, The Jac Island Bar & Grille, Matzaluna The Italian Kitchen, MudBugs Cajun Kitchen, Rosie’s Café & Grill, Sanddollar Restaurant, Sanibel Deli & Coffee Factory, Sanibel Fish House, Shima Japanese Steakhouse, T2 (Traders 2), Thistle Lodge, and The Timbers Restaurant & Fish Market.

coastal keepers loglCoastal Watch 3rd Annual Fundraiser, The Launch – Sat, November 16 from 6 to 10 p.m. at The Community House, in support of local conservation initiatives.

UCF Economist: Recession No Threat to Florida

Florida Realtors logoThe below article was posted on-line this week at Florida Realtors®.

“ORLANDO, Fla. – Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting, expects Florida’s economy to grow faster than the U.S. economy over the next three years.

His third-quarter economic forecast indicates that the state’s “powerful” economy will produce a higher percentage of jobs than the nation and attract more job seekers from other states through 2022. Snaith predicts that much of the job growth will come from the professional/business services, education/health care services, and construction sectors.

““Florida’s economy continues to hit on all cylinders, and there are no economic storm clouds on the horizon,” he says. “Our biggest challenge over the upcoming years will revolve around how best to manage and facilitate economic growth.” In addition, Snaith says the fundamentals of the state’s housing market remain “solid,” and economic and job growth and the influx of retiring baby boomers should continue to support the upward trend on sales.

““Low inventories of existing homes for sale and lagging housing starts growth contribute to an environment where home prices continue to rise,” Snaith adds. “The shortage in the single-family market will be rectified as the pace of single-family housing starts to ramp up over the next several years. Single-family housing starts in 2022 are expected to increase by 79.7% from 2014 levels.””

Source: Sarasota Herald-Tribune (10/03/19) Hielscher, John

© Copyright 2019 INFORMATION INC., Bethesda, MD (301) 215-4688

Sanibel & Captiva Islands Multiple Listing Service Activity October 4 – 11, 2019

Sanibel realtors logoSanibel

CONDOS

3 new listings: Sunset South #2C 2/2 $609K, Sanibel Inn #3512 2/2 $727.5K, Sundial #J208 2/2 $769K.

No price changes, new, or closed sales.

HOMES

3 new listings: 610 Hideaway Ct 3/2.5 $629K, 1163 Seagrape Ln 4/4 $1.295M, 550 N Yachtsman Dr 3/3 $1.35M.

5 price changes: 1401 Sandpiper Cir 3/2.5 half-duplex now $504.9K, 1717 Sand Pebble Way 3/2 now 645K, 1676 Middle Gulf Dr 3/2 now $825K, 1285 Par View Dr 4/2.5 now $889K, 982 Whelk Dr 3/2.5 now $1.15M.

3 new sales: 1800 Ardsley Way 3/2 listed at $695,555; 198 Southwinds Dr 3/2 listed at $699.9K; 823 Birdie View Pt 4/3 listed at $799K.

No closed sales.

LOTS

No new listings.

1 price change: 1837 Buckthorn now $629K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Lands End Village #1619 2/2 $1.549M.

2 price changes: Bayside Villas #5136 1/2 now $419K, Bayside Villas #5228 1/2 now $429K.

No new or closed sales.

HOMES

1 new listing: 11528 Andy Rosse Ln 1/2.5 $2.9M.

No price changes.

1 new sale: 17041 Captiva Dr 2/2 listed at $1.699M.

No 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.

christopher-columbus-day-clip-art-661308Best wishes for a fun holiday!

SanibelSusan Realty will be open so you won’t need Columbus. We can help you find what you want!

Susan Andrews, aka SanibelSusan

 

Things are Hoppin’ On Sunny Sanibel


Susan here, reporting a record-breaking weekend followed by a busy week at SanibelSusan Realty. Before those details, here are a few photos taken after I left the office last night. With no rain for several days, water and waterways surrounding the island are clear. These pictures in order include:

  • Tarpon Bay taken from next to SCCF’s Marine Lab and Tarpon Bay Explorers
  • Turner Beach looking toward the bridge to Sanibel and to the gulf
  • Roosevelt Channel to Pine Island Sound, taken from behind the Green Flash restaurant.

Tarpon Bay Explorers 10-03-19

Turner Beach 10-03-19

Turner Beach again 10-03-19

Green flash to channel 10-03-19

A combination of circumstances kept the SanibelSusan Team hoppin’ with three new sales, including the two properties we just listed last week. Sometimes when a new listing hits Multiple Listing Service (MLS), there are buyers waiting for a property like that. Often their Realtor also is watching new inventory for them.

There usually is a jump in interest too whenever an asking price is reduced under the next $100K mark. With most internet search engines having drop-down menus in those increments, once a price is reduced, the listing gets noticed by prospective buyers who may have not considered the property before because the price was out of their budget range.

Sellers sometimes think that their first offer is too soon. But, even in multiple offer situations, it usually makes sense to see the first offer through to the end. Statistics show that the 1st offer often is the best offer. It also is important to recognize that sometimes there are terms as important as the price, like when the closing will occur, how serious the deposit is, Seller repair requirements, and what “outs” the contract has for the Buyer.

Getting a buyer to sign on the dotted line and negotiating the sale are just the first steps in getting a property sold. Working through contract contingencies often may be more challenging. Those may be things like the inspection/cancellation period in the “as is” contract. During that window, a buyer may view the property for the first time, have inspections, do due diligence on costs (like insurance, utilities, repairs), investigate making changes to the property (like adding a pool), or even change their mind.

The team tracks post-contract action items to ensure that they are successfully completed on time – things like escrow deposits, financing applications, applications to homeowners and condo associations, estoppel letter payments, appraisals, loan commitments, utility and service provider changes, etc.

The last seven days also brought us an unexpected and unusual number of hiccups with properties already under contract. I don’t know if that is what makes this business fun, but it certainly makes it interesting – ever changing – and reminds us that flexibility can be as crucial as follow-through.

The action posted since last Friday in the islands’ MLS is posted after a few news items below. We sure hope that this spurt of activity for us is an indication of what “season” will be like this year, but honestly, I think we just got lucky – and we are very thankful for it.

Sanibel’s Tax Rate Adopted – Lowest in Six Years!

Sanibelcityseal logoSanibel City Council recently took less than eight minutes to officially adopt the Fiscal Year 2020 budget. Approved and discussed at earlier budget hearings, the rolled back operating millage rate of 1.8922 mills is the lowest tax rate in the last six years. (A mill is $1 per every $1,000 of taxable valuation. The rolled back rate is the same rate it would take to generate the same amount of revenue in the coming fiscal year as was generated in the previous year.) The budget for the upcoming year is $73,266,546.

Mayor Ruane also noted that the millage rate is down 25% from its historical peak. Ruane explained that during the recession in 2007, the City’s total debt was high, and there were little reserves. In comparison, now, 12 years later, taxes are lower, reserves are replenished, the City has minimal debt that continues to drop off, and funds are available to allocate to large-scale projects like the Donax wastewater project.

Noteworthy from the budget is that Sanibel has received approximately $3.3 million of the $3.9 million expected from FEMA and the State of Florida for reimbursement of Hurricane Irma expenditures. If there are additional disaster needs through the end of hurricane season, the City has secured a $5 million line to use for immediate expenditures.

sanibel-fire-logo-e1539870118355New Website – Sanibel Fire & Rescue District

In compliance with State mandates, Sanibel Fire & Rescue District recently launched its new website at www.SanibelFire.com. It includes meeting dates, agenda, minutes, etc.

Island “Season” Begins & With Annual Events

  • San-Cap Motor ClubThe first Cars & Coffee Cruise-in of the season begins this week. Saturday, Oct 5 at Periwinkle Place Shopping Center from 9 to 11 a.m. with a lineup of classics, muscle cars, antiques, hot rods, and other vehicles on display. The Club usually holds this event the first Saturday of each month through season.
  • Sanibel Farmers Market – begins this week. See you there Sunday, Oct 6, on the grounds of City Hall (8 a.m. to 1 p.m.). Be sure and bring your recyclable bag – or buy one there. The market is both straw and plastic bag free! More info at www.BuyLocalLee.com
  • BIG ARTS Community Chorus – fall schedule runs from Oct 15 to Dec 9. While the new BIG ARTS building is under construction, chorus meets Tuesday evenings from 6 to 8 p.m. at The Strauss Theater. Join SanibelSusan who’s been with the group since it began in the early 90’s. No auditions are required, all ages and abilities welcome. Fall performances include: Sunday, Nov 24 at Community Thanksgiving Celebration at The Community House; Friday, Dec 6 at Center-4-Life Luncheon at the Sanibel Rec Center; Friday, Dec 6 at Bailey’s Shopping Center for Luminary caroling; Tuesday, Dec 10 Holiday Concert. The spring schedule runs from Jan 7 to Mar 31, with rehearsals beginning Jan 28 at the new Performance Hall. Spring performances include: Saturday, Jan 25 at BIG ARTS Gala showcasing the new building and performance hall; Wednesday, Feb 19 at Annual FISH Luncheon at The Community House; Thursday, Mar 19 at Center-4-Life Dinner at The Sanibel Rec Center; Wednesday & Thursday, Apr 1 & 2 Spring Concerts at new BIG ARTS Performance Hall.
  • Howl-O-Ween Fundraiser – Friday, Oct 27, 5 to 7 p.m. at Over Easy Café patio. Includes pet costume contest and fundraiser to benefit Flying Fur Animal Rescue. $10 donation includes beer, wine, and yappitizers.
  • 38th Annual Taste of the Islands – CROW’s annual fundraiser featuring local island restaurants is Sunday, Nov 10 from noon to 5 p.m. at Sanibel Community Park (across the street from SanibelSusan Realty). Established in 1968, the Clinic for the Rehabilitation of Wildlife (CROW) is a teaching hospital saving sick, injured, and orphaned native and migratory wildlife. Through state-of-the-art veterinary care, public education, and an engaging visitor center, CROW works to improve the health of the environment, humans and animals through wildlife medicine. For more info, or to plan your visit, go to http://crowclinic.org . If you find an animal needing help, call (239) 472-3644 ext. #222.
  • SCCF’s Wine in the Wild – Friday, Nov 15 from 6 to 9 p.m. at The Bailey Homestead Preserve. Usually a sell-out, tickets will NOT be available at the door. Five food stations will be set up each featuring a dish from one of Sanibel’s finest kitchens – Catering by Leslie Adams, Cielo, Malia, Sanibel Catering Company, and Sweet Melissa’s Café. Each will be paired with a wine. Dessert buffet by Normal Love confections, followed by live auction. Reservations through Linda Uhler at 239-472-3817.

 

Upcoming at J.N. “Ding” Darling National Wildlife Refuge

  • EveryKidOutdoors LogoEvery Kid Outdoors Program – The U.S. Department of Interior recently extended the Every Kid Outdoors Program (formerly Every Kid in a Park) for another seven years. The program grants fourth-grade students a free annual pass to visit more than 2,000 federal recreation areas – including J.N. “Ding” Darling National Wildlife Refuge — with their families, classmates, and friends. To obtain the free pass, fourth-grade students visit www.everykidoutdoors.gov , participate in a short educational activity, and download a voucher. The voucher is valid for multiple uses between Sep 1, 2019, and Aug 31, 2020, to correspond to the traditional school year. The voucher may be exchanged for a keepsake pass at “Ding” Darling or other participating federal lands. The voucher or pass allows free entry for fourth graders, all children under age 16 in the group, and up to three accompanying adults (or an entire car for drive-in public lands like “Ding”) to most federally managed lands and waters. The pass does not cover amenity fees such as kayak rentals or boat rides.
  • Ding Darling DayDing’ Day Combines Art with Family Fun – Two-time Federal Duck Stamp winner Scot Storm will travel from Minnesota to headline the “Ding” Darling Day Duck Stamp Presentation on Sunday, Oct 20, from 1 to 1:45 p.m. He will sign stamps following his presentation. Florida Junior Duck Stamp winner Anna Grace Swanson from Titusville will also be on hand to meet and greet. “This year, we have folded Conservation Art Day together with ‘Ding’ Darling Day Family Fun Day,” said Supervisory Refuge Ranger Toni Westland. Go to www.dingdarlingsociety.org/articles/ding-darling-days  for a full schedule of activities. Duck Stamp
  • Merit Badge University – On Oct 26, the Refuge will host its second annual Merit Badge University for registered Boy Scouts of America. Support for the program comes from the “Ding” Darling Wildlife Society, LCEC, and Tarpon Bay Explorers, the Refuge’s recreation concession. Scouts from around the nation will have the opportunity to earn up to two out of six badges being offered that day. Ding Merit BadgeThey include Bird Study, Photography, Cycling, Kayaking, Fishing, and Fly Fishing. Class sessions run from 9 a.m. to 12 noon and 12:30 to 3:30 p.m.

Sanibel & Captiva Islands Multiple Listing Service Activity September 27 – October 4, 2019

Sanibel

CONDOS

2 new listings: Sanibel Shores #A2 2/2 $459K, Sanibel Arms West #H5 2/2 $559K.

5 price changes: Sundial #A306 2/2 now $729,999; Sanctuary Golf Villages #5-1 2/2.5 now $754.5K; Heron at The Sanctuary II #2B 3/3.5 now $778K, Heron at The Sanctuary II #3B 3/2.5 now $850K, Sundial #K103 2/2 now $889K.

3 new sales Breakers West #A5 2/2 listed at $499.9K, Island Beach Club #210B 2/2 listed at $739K. Pine Cove #201 3/2 listed at $1.395M (our listing, view below).

Lanai d

1 closed sale: Sundial #I103 1/1 $435K.

HOMES

8 new listings: 9440 Cotten Ct 3/2 $650K, 749 Cardium St 3/2 $689K, 4397 Gulf Pines Dr 3/3 $795K, 9094 Mockingbird Dr 4/3.5 $895K, 1345 Eagle Run Dr 3/2.5 $1.12M, 1081 Captains Walk St 4/2.5 $1.195M, 1717 Venus Dr 3/2.5 $1.299M, 747 Windlass Way 4/3.5 $2.45M.

3 price changes: 9448 Begonia Ct 3/2.5 now $599K (our listing, pictured below), 1973 Wild Lime Dr 4/3 now $599.9K, 911 Almas Ct 3/2.5 now $1.375M.

Image 3 c.jpg

6 new sales: 1365 Tahiti Dr 2/2 listed at $449K (our listing, pictured below), 1695 Serenity Ln 3/2 listed at $499K, 1731 Serenity Ln 4/3 listed at $639K, 1586 Century Ct 3/2.5 listed at $665K, 4080 West Gulf Dr 3/2 listed at $995K (our buyer), 772 Birdie View Pt 3/3.5 listed at $1.189M.

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1 closed sale: 980 Sand Castle Rd 3/3 half-duplex $509K.

LOTS

3 new listings: 1872 Middle Gulf Dr $495K, 2299 Starfish Ln $549K, 1874 Middle Gulf Dr $979K.

1 price change: 1048 Fish Crow Rd now $394.9K.

No new sales.

1 closed sale: 0 Dinkins Lake Rd $240K.

Captiva

CONDOS

1 new listing: Beach Homes #11 4/3 $2.35M.

No price changes.

1 new sale: Gulf Beach Villas #2004 2/2 listed at $638K.

No closed sales.

HOMES

1 new listing: 10 Sunset Captiva Ln 2/2.5 $995K.

1 price change: 15819 Captiva Dr 5/5 now $9.1M.

1 new sale: 14981 Binder Dr 3/3 listed at $995K.

No 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! If you are thinking about wintering on Sanibel, please don’t delay buying or making reservations.

Susan Andrews, aka SanibelSusan

 

Sanibel/Captiva Real Estate Action This Week


cartwheelHappy Friday! It has been a week with a little more activity on the islands. Our listings certainly got more action, including two sales and a couple of price reductions. Teammates and I were out showing and viewing property, and we also got two new listings. Hopefully, this is an indication that the market is picking up.

A report with the details of the action since last Friday in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

Sanibel & Captiva Island Association of Realtors®

Sanibel realtors logoThis week, there was no Thursday morning Realtor® caravan of new listings. The bi-weekly summer schedule ends at the end of October when it reverts to every week. Our new listing at Pine Cove #201 will be open for caravan next week (9 a.m. to noon).

SCCF Sea Turtle Program 2019

kemp turtleDetails about the 2019 Sea Turtle tagging project are in “SCCF’s Member Update” Oct 2019 issue. Since the project began in 2016, their team has documented 1,178 encounters with turtles on the beach at night, representing 587 unique individuals. When a turtle is encountered, she is scanned for existing tags, tagged if none are found, and measured with calipers and a measuring tape.

Of the 587 seen, 236 have been encountered more than once. Sea turtles don’t nest every year – each individual lays approximately 3-6 nests over the course of the season and then spends a year or two foraging to replenish her energy reserves before returning to the nesting beach.

The 2019 season is the 4th year of the tagging project. “Highlights of the 2019 tagging season include:

  • A new record of 353 documented turtle encounters from May 1 – July 31
  • Six green sea turtles seen on Sanibel, totaling 18 observed nests
  • The average loggerhead carapace size was 94.5 cm (slightly over 3 feet), with their largest loggerhead measuring at 115 cm (almost 4 feet long).
  • Staff interacted with 1,126 beachgoers at night to educate them about the impacts of flashlights on sea turtles.”

More info at www.SCCF.org.

A Mixed Economic Picture Ahead

REALTOR-Magazine_Logo_An interesting update in the September-October 2019 “Realtor®” magazine by NAR’s chief economist, Lawrence Yun. He says, “Home building is accelerating, but sales continue to lag.”

“Annual home sales have been moving sideways in recent years: 5.4 million in 2016, 5.5 million in 2017, and 5.3 million in 2018. As of June, this year’s total stands to be 5.2 million on an annualized basis.

“These flat numbers make little sense in light of the decent economy. From 2016 through the first half of 2019, the economy added 8 million net new jobs at higher pay. Moreover, household net worth grew by $13.5 trillion, thanks to the rising stock market and surging real estate prices. The unyielding homeownership rate has lead to a more concentrated build-up in wealth than if ownership had expanded.

“Perhaps reduced tax benefits for homeowners is the main reason the home sales have become sluggish. Fortunately, the market is shifting for the better because of amazing mortgage rates. The Federal Reserve’s decision to be more accommodating has brought mortgage rates down to under 4%. The housing supply remains a hurdle but steadily homebuilders are responding by building more spec homes and at lower price points, where the demand remains the strongest. Realtors® are also witnessing an uptick in seller inquiries in our consumer survey. Consequently, pending contracts rose in June in all major U.S. regions, marking the first year-over-year gain in 17 months. Barring headaches over inspections, appraisals, and mortgage funding, closing activity is expected to shoot higher in the second half of the year.

“And the economy still has room to grow. Home building needs to increase robustly to address the inventory shortage. And falling vacancy rates in office, industrial, and apartment properties suggest commercial construction needs. The main looming worry is the impact of the intensifying trade war on corporate investment and the stock market. In a good economy, business investment should be rising around 5% or more – certainly roughly in line with the growth in profits, which have soared. That’s not happening, and it’s of concern.”

Fall Home Checklist

Florida Realtors logoWhether you are in Florida or elsewhere, here is a good Fall Home Checklist reminder taken from an article posted in the September issue of Florida Realtor® magazine:

Exterior

  • Trim tree branches and vegetation near roof
  • Check roof, siding and foundation for damage
  • Check chimney for loose bricks and missing mortar
  • Clean gutters and downspouts. Make sure water doesn’t pool around foundation
  • Seal gaps and holes that could provide access for animals
  • Replace loose or missing caulking around windows and doors
  • If area is subject to freezes, shut off exterior faucets and irrigation system and store hoses

Interior

  • Check attic and crawl spaces for leaks and moisture after wet weather
  • Check caulking around faucets showers, bathtubs, sink and toilets
  • Check faucets and supply valves for leaks or corrosion
  • Inspect water heater for leaks
  • Test smoke and carbon monoxide detectors
  • Have a professional inspect/clean the chimney. Test fireplace flue for tight seal
  • Test circuit breakers and ground-fault/arc-fault interrupters
  • Consider hiring a professional to inspect and tune up your furnace/HVAC system
  • Change HVAC system filters and remove any materials that block return air vent
  • Clean dryer vent.

Sanibel & Captiva Islands Multiple Listing Service paragon black knight logoActivity September 20 – 27, 2019

Sanibel

CONDOS

3 new listings: Sandpebble #1A 2/2 $449K, Signal Inn #18 3/2 $1.175M, Pine Cove #201 3/2 $1.395M (our listing).

Lanai c

From the wrap-around balcony at Pine Cove #201.

2 price changes: Signal Inn #10 1/1 now $499.9K, Signal Inn #14 2/2 now $739K.

3 new sales: Sanibel Arms West #I1 2/2 listed at $569K, Sunset South #6B 2/2 listed at $575K, Sanibel Moorings #1341 2/2 listed at $680K.

1 closed sale: Pointe Santo #B2 2/2 $640K.

HOMES

4 new listings: 1365 Tahiti Dr 2/2 $449K (our listing), 1695 Serenity Ln 3/2 $499K, 1672 Hibiscus Dr 3/2 $959K, 1121 Skiff Pl 3/3 $995K.

20190927_102647.jpg

1365 Tahiti Dr in Tradewinds

6 price changes: 405 Tiree Cir 3/2 now $749K, 1672 Hibiscus Dr 3/2 now $959K, 5402 Osprey Ct 4/3 now $975K, 842 Limpet Dr 3/3.5 now $2.095M (our listing), 1069 Bird Ln 4/3.5 now $4.795M, 4143 West Gulf Dr 3/3.5 now $5.795M.

DCIM100MEDIADJI_0795.JPG

842 Limpet Dr in Shell Harbor

5 new sales: 681 Rabbit Rd 3/2 listed at $549K, 1558 Sand Castle Rd 3/2 listed at $599K (our listing), 1010 Kings Crown Dr 3/3 listed at $1.095M, 1345 Tahiti Dr 3/2.5 listed at $1.15M, 4709 Rue Belle Mer 3/2 listed at $3.125M.

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1558 Sand Castle Rd in The Dunes

3 closed sales: 1203 Kittiwake Cir 3/2.5 $505K, 640 Oliva St 3/2 $649K, 2689 Wulfert Rd 4/5.5 $1.6335M.

LOTS

No new listings.

1 price change: 2133 Starfish Ln now $389K.

1 new sale: 5737 Baltusrol Ct listed at 299K (our listing).

zpfile003

5737 Baltusrol Ct in The Sanctuary

No closed sales.

Captiva

CONDOS

1 new listing: Sunset Beach Villas #2217 1/1 $510K.

No price changes or new sales.

1 closed sale: Sunset Captiva #204 2/2 $1M.

HOMES

1 new listing: 11540 Laika Ln 3/2.5 $1.375M.

1 price change: 16525 Captiva Dr 3/4 now $1.495M.

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

September Weather Arrives on the Islands


It’s time for another SanibelSusan Friday update about Sanibel and Captiva Islands. It was a surprise on Tuesday afternoon when Sanibel’s electric service went out.

According to Lee County Electric Coop (LCEC), the outage was caused when an antenna atop a sailboat mast hit the main power line coming to the island. Thank you, LCEC for getting it back up and running in just an hour. With 90+degree temperatures that day, islanders did not want to be without AC for long. Most summers, there are a few minor outages, but this year, there have only been a handful.

Today’s surprise was a noticeable change in the weather. Local forecasters are joking that it is because fall begins on Monday. Little, if any, rain is expected in the upcoming week. With low humidity, temperatures today are expected to only hit 87 degrees F. That is a welcome change. It has been in the low 90’s for weeks.

On Monday, nighttime temperatures are expected to go down into the high 60’s/low 70’s. It has been many months since it has been that cool. Late September usually equates to snowbirds on the move. The SanibelSusan Team hopes that means more sales will follow.

September Island Updates

There is always a flurry of activity just before the snowbirds get back. Here are some changes that I noticed during my travels this week.

Casa Ybel Resort – The new entrance is almost done at Casa Ybel Resort. It was damaged two years ago during Hurricane Irma when their huge specimen tree on the bridge going into the resort came down. Over the last few weeks, landscaping crews have been there working on a new design. This week their new sign went up, work on the bridge and roadway completed, and the new landscaping went in. The design includes stonework with waterfalls now framing the entrance and many tropical plants and palms. What a special welcome it creates!

 

 

 

Dairy Queen – Has been closed and cordoned off with construction tape all week. No word on when it is reopening.

Mariner Pointe – Has a new fresh white sign at their entrance. It must be a temporary one, since their street number actually is “760”.

Saint Kilda – Community is getting water main replacement according to Island Water’s Fall 2019 “IWA Pipeline”. The project is upgrading the original developer-installed water main with higher strength pipe and new fire hydrants. Periodic IWA project updates may be found on their website www.IslandWater.com under “Latest Capital Project”.

SCCF Nature Center Closed for Renovations – The Sanibel Captiva Conservation Foundation Nature Center is closed for educational programs until further notice due to ongoing interior renovations. The administrative offices remain open for meetings and other business activities. The trails behind the Nature Center at 3333 Sanibel-Captiva Rd., also will stay open for visitors. While renovations are underway, SCCF events and educational programs will be held at the Bailey Homestead Preserve.” Detailed information about the open trails at SCCF’s six public preserves may be found at http://www.sccf.org/preserves. SCCF’s Native Landscape and Garden Center is maintaining its regular retail schedule at the Bailey Homestead Preserve, 1300 Periwinkle Way. Call 239-472-1932 for additional information about the Garden Center’s operating hours and upcoming programs.

Sanibel & Captiva Islands Association of Realtors® September Membership Meeting

In addition to the phones, roadways, beaches, and shops being super quiet, the local Association of Realtors® monthly membership breakfast yesterday, was lightly attended. Before the property announcements, attendees heard from the four candidates running for our three board vacancies. The election results will be announced at our annual meeting in October. Good luck to Realtors Greg Demaras, Pfeifer Realty Group; Mike McMurray, Royal Shell Real Estate; Liz Podolsky, McCallion & McCallion Realty; and Janka Varmuza, VIP Realty Group.

Meeting speaker was Angela Melvin, founder and CEO of Valerie’s House. Angela like her family before her, grew up in Fort Myers. Her mother, Valerie, died in a car accident in 1987 when Angela was just 10 years old, sparking her passion to find a place that could help children in similar situations. After college and working as a broadcast journalist around the country and then a Communications Director on Capitol Hill, Angela spent several years working for and sitting on boards for various non-profits including the Wendt Center for Grief and Loss in Washington, DC. She returned to Fort Myers in 2013 and shortly after, founded Valerie’s House.

Valerie’s House is the first and only organization in Southwest Florida with its sole mission to help children grieve the loss of a loved one. With locations now in Fort Myers, Naples, and Punta Gorda, Valerie’s House is a place where children connect with one another and learn the tools to heal after they have experienced the death of someone they love. At Valerie’s House, children know others their own age, and they learn that loss doesn’t have to limit their dreams. In addition to a dedicated team of staff and volunteers, Valerie’s House is a family of others grieving. More info at http://www.ValeriesHouseSWFL.org.

Upcoming Event Reminders

International Coastal Cleanup is tomorrow, Saturday, Sept 21, from 9 a.m. until noon. Thirteen clean-up locations will participate throughout Lee County. The island Realtors® team will be working on Causeway Island B. Last year, the cleanup attracted 1,546 volunteers who removed 3,358 pounds of litter and debris from waterways. To participate, please register at www.klcb.org/coastal-cleanup.html

USTA Southwest Florida Clay Court Championships for the 4th year will be at Sundial Beach Resort & Spa, September 27-29. Age Divisions: Open, 40’s, 50’s, 60’s, singles & doubles. Registration deadline is Sep 25 at www.USTA.com using tournament ID 150046619.

Farmers Markets are beginning soon. Local Roots has updated their website with the market start dates. Wondering which is open when? Here’s a quick summary.

  • Sundays on Sanibel – 8 a.m. to 1 p.m. from Oct 6 to May 31 (including Easter Sunday) on the grounds of Sanibel City Hall. This will be the 12th season for the Sanibel market. It has something for everyone: fresh fruits and vegetables, seafood, honey, meats, cut flowers, prepared meals, mini-donuts, cupcakes, bagels, guacamole, pickles, cheeses, baked goods, native plants, artisan foods, local crafts, organics, and more. Shoppers are encouraged to bring dry and canned foods to the market booth. They are donated each week to F.I.S.H., the islands’ food pantry. The market is a plastic-straw-free zone, is a non-smoking area, and only service dogs are allowed in the vendor areas. New to the market this season, vendors will not use single-use plastic bags. Reasonably price reusable bags are for sale at the market booth or bring your own. Follow the signs for parking. All handicap parking is at City Hall. For more information on this and other SWFL Farmers Markets, go to BuyLocalLee.com
  • Mondays at Fenway South – 9 a.m. to 1 p.m. from Jan 6 to Mar 30 at Jet Blue Stadium
  • Tuesdays on Captiva – 9 a.m. to 1 p.m. from Nov 5 to Apr 28 at South Seas Island Resort
  • Wednesdays at Lakes Park – 9 a.m. to 1 p.m. from Oct 2 to Apr 29 at Lakes Regional Park
  • Thursdays at Coconut Point – 9 a.m. to 1 p.m. from Oct 3 to Apr 30 at Coconut Point Mall
  • Thursdays at River District – 9 a.m. to 1 p.m. year-‘round at Centennial Park
  • Fridays at Boca Grande Farm & Fish Market – 9 a.m. to 1 p.m. from Dec 20 to Apr 24 at Wheeler Rd ball field
  • Fridays at Sanibel Outlets – 10 a.m. to 2 p.m. from Dec 13 to Mar 27 at Sanibel Outlets
  • Saturdays in Bonita Springs – 8 a.m. to 12 p.m. from Oct 5 to Apr 25 at The Promenade

Seems like yesterday when Jean Baer and Betsy Ventura started Local Roots and organized their first market in the parking lot at Tahitian Gardens shopping center. Talk about success! What wonderful contributions they have made to us living in Southwest Florida. Did I mention, they are summer pickleball stars too!

Island Beaches & Red-Drift Algae

As much as social media today keeps us connected, I swear sometimes it is our own worst enemy. There were so many differing reports about beach conditions following Hurricane Dorian and so many local reporters only talking about the bad stuff (ugh), that I did stops at a few beaches yesterday as I was on my real estate rounds. East-end and mid-island beaches were beautiful. This morning, I stopped at the bayside beach at the end of Bailey Road and it likewise is clear and breezy. Some of my photos below.

Beach at the Donax Street access on 9/19/19

Overlooking Sand Carlos Bay at the end of Bailey Rd on 9/20/19

To clear up misconception and confirm conditions often change, below is the report posted online yesterday by the City.

Large Sections of Sanibel Beaches Currently in Excellent to Very Good Conditions

Frank Spinuzza. 09/19/2019 05:58 pm

Spot Locations Remain Dynamic & Ephemeral

Update on Algae Pilot Project

At this time large stretches of Sanibel beaches are in excellent to very good conditions.  Algae deposits continue to be dynamic and ephemeral, likely driven by wind conditions, currents, tides, and/or other factors.

Residents & visitors are reminded that paid beach parking meter receipts are not restricted to the beach parking lot in which purchased.  Paid, unexpired beach parking is transferrable to any other of the other City of Sanibel’s public beach parking lots.

Status of In-water Algae Removal Pilot Project:

City staff is currently compiling the results of the in-water algae removal pilot project conducted on Tuesday 9/10/19. The project, authorized for 4 days, was discontinued after 1 day due to insufficient algae at both permitted locations. Equipment remains staged on-island in the event conditions at one of the two currently permitted locations (Lighthouse Beach Park & Gulfside City Park) as warranted and are suitable to continue the pilot.

Results will be presented to City Council at a future meeting as well as the upcoming Tourism Development Commission meeting for reimbursement.

We are presently experiencing very dynamic changes to our beaches based upon changing wind directions, even the course of the same day, conditions earlier today were observed as:

  • Excellent conditions with little to no algae deposits are present at Sanibel’s east end beaches from Lighthouse Beach Park to Gulfside City Park and at Blind Pass Beach Park on Sanibel’s west end.
  • Light to moderate deposits are present Beach Accesses 1, 2,5 & 7 on West Gulf Drive.
  • Moderate to heavy deposits are present at Tarpon Bay Beach, Bowman’s Beach and Turner Beach (Captiva).

Even at locations with heavier algae deposits, little to no odor is currently present.

While shorebird nesting season is officially complete, numerous shorebirds are present and actively foraging in algae deposits.  Seabirds and wading birds are also present.

Sea turtle nesting season continues through Oct 31st.  As of 9/15/19, 60 active nests remain.

Numerous baitfish were observed at several locations…

(The City report contains photos taken from various island locations, check them out at www.MySanibel.com. The City’s 9/19 report ends with the below info.)

“Florida Department of Health–Healthy Beaches Program

The Florida Department of Health samples 4 Sanibel beach locations weekly for fecal indicator bacteria. Samples collected on Monday 9/16/19 were all in the “good” range for enterococcus bacteria. Weekly testing results are posted here:  http://www.floridahealth.gov/environmental-health/beach-water-quality/county-detail.html?County=Lee&Zip=33916-2205

For more information on Sanibel and other Lee County beach conditions, click on these links:
Florida Healthy Beaches
Mote Marine Lab Beach Conditions Map

END”

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

Sanibel

CONDOS

No new listings.

2 price changes: Sundial #E108 3/2 now $1.275M, La Playa #1B 3/2 now $1.399M.

No new sales.

2 closed sales: Sundial #I104 1/1 $456K (our buyer, under contract last week, closed this week), Mariner Pointe #1041 2/2 $468K.

(Our Sundial buyer went under contract last week & closed this week. It’s not often that a closing can happen that quickly, but thanks to Stacy at Sundial West & Michelle at Barrier Island Title, it got it done! The SanibelSusan Team thanks them!)

HOMES

2 new listings: 868 Rabbit Rd 3/2 $550K, 5757 Baltusrol Ct 3/3 $1.579M.

1 price change: 1755 Jewel Box Dr 3/2 now $755K.

3 new sales: 970 Greenwood Ct 3/2.5 half-duplex listed at $429.9K, 9401 Beverly Ln 3/3 listed at $675K, 1136 Golden Olive Ct 4/4.5 listed at $2.59M.

4 closed sales: 513 Rabbit Rd 3/2 $628.5K, 534 N. Yachtsman Dr 3/2 $825K, 845 Birdie View Pt 3/3 $1.1065M, 844 Lindgren Blvd 3/3 $1.205M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings.

1 price change: Bayside Villas #5118 1/2 now $377.9K.

1 new sale: Beach Villas #2426 2/2 listed at $537.5K.

1 closed sale: Ventura Captiva #2A 3/3 $900K.

HOMES & 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 a “cool” September!

Susan Andrews aka SanibelSusan

Wondering About Sanibel/Captiva Real Estate?


Happy Friday the 13th from SanibelSusan. It has been a very quiet week on the islands. Last weekend, when I manned the office, it was fun to write and negotiate an offer. Those are the best kind of surprises, particularly when it’s a sight-unseen purchase. That sale was one of the few posted in the Sanibel & Captiva Islands Multiple Listing Service (MLS) this week, actually the only Sanibel condo sale. Details of all the action posted since last Friday are after a few news items below.

Gulf & Bay Waters Around Sanibel & Captiva

Last weekend, the aftermath of Dorian created a little havoc with red drift algae washing up on some Sanibel beaches (mostly east-end) and creating a bit of a stink. Or the thought was that rotting algae was the cause of the smell.

After complaints, the City brought in equipment and started cleaning up the algae at Lighthouse Beach. Click on the link below to see the drone aerials taken for the City on Tuesday morning. If you pan onto the beach near the “green roof” on the south side at Lighthouse beach, you will see the equipment and workers then, removing the algae. https://cityofsanibel.s3.amazonaws.com/LH9-10-19/index.html?fbclid=IwAR3DSv2s_4RWlDscmsk_zRVIhkolOVaUaKd-wfI9avKwWn4WVxL5FxdQTyQ

As follow-up, the City posted condition reports for several days on www.mySanibel.com about each of the island beaches. But, by Wednesday the beaches were all clear with the nasty odors gone. Some say that it could have been the offshore water itself that was creating the smell, from decayed material on the gulf floor that was stirred up during the hurricane. Mid-week, the wind had changed direction. That is when it all changed – a good example of how the beaches, like the shelling, can be different every day.

The picture below was posted today on the “Sanibel Island” Facebook page and described as in front of the Sanibel Inn at 10:15 a.m. this morning. The Sanibel Inn is at the end of Lindgren Blvd which is a continuation of Causeway Rd, so the photo is a good representation of what the east-end beach looks like. Thank you to Gina Frasca for sharing her photo.

2019-09-13 Sanibel Inn

Comparing water quality this summer to last year, this year there has been no evidence of red tide. Though the water level is high at Lake O, there have been no water releases this direction for many months. Fingers crossed that no more tropical storms come this way or that rains linger over the lake.

Peak hurricane time passed this week, as we remembered Hurricane Irma from two years ago. Now we look forward to November 30, when the 2019 hurricane season officially is over.

It has been bright sunny and warm here pretty much all week, but a few showers just began and are expected to occur off-&-on over the next few days as the tropical disturbance out in the Atlantic travels up the eastern seaboard.

76% of All Home Buyers Use Their Phones to Find Properties

REALTOR-Magazine_Logo_Wondering how real estate is done in today’s digital age? The below article by Information, Inc. was published last month by the National Association of Realtors®.

“CHICAGO – Buyers turn to mobile devices to find properties and connect with real estate agents. This puts increasing importance on real estate pros to make sure websites are mobile friendly and connecting to clients in the ways that they desire.

“The typical home buyer used a mobile device to search for properties online, looking at websites with photos, home listings, and information about the homebuying process, according to the newly released “Real Estate in a Digital Age 2019 Report” published by the National Association of Realtors® (NAR) that looks at technology use within transactions.

“Overall, 76% of all buyers say they found their home on a mobile device – and 17% said they found their agent on a mobile device. The younger the buyer, the more likely they are to use mobile searches. Eighty-one percent of older millennials, 80% of younger millennials, and 78% of Generation X found their home on a mobile device compared to 68% of younger baby boomers, the NAR report finds.

“Type of communication – Ninety-three percent of real estate pros surveyed said they prefer to communicate with clients through text messaging, phone calls (93%) and email (92%). The mediums were more popular than instant messaging (38%) and postal mail (27%).

“Websites – The website features respondents find most helpful are photos (87%), detailed information about properties (85%), floor plans (52%), virtual tours (46%) and real estate agent contact information (42%). Half or more of respondents also valued property listings, agent/staff profiles, customer reviews/testimonials, mortgage/financial calculators and information on the home buying and selling process.

“Additional report findings:

“Social media: Real estate pros cited social media as the top tool for generating high-quality leads (47%), followed by Multiple Listing Service websites (32%).The main reasons cited for using social media was to promote listings, help build and maintain relationships with existing clients, and a belief that they’re “expected” to have a presence on social media sites nowadays. The top social networks used by Realtors: Facebook (97%), LinkedIn (59%), Instagram (39%) and Twitter (33%).

“Drones: Twenty-nine percent of real estate pros have hired a professional to operate a drone for their business, and 5% personally use one. An additional 14% say they plan to use drones in the future to capture aerial pictures or videos of their listings.”

iBuyer Perspective: Not New and Not Much to Worry About

Florida Realtors logoHave you heard about iBuyers? We have not seen them on the islands, though I have had inquiries from them. Here is an article about them, posted this week on Florida Realtors®: Realtor Bill Lublin, lead author of e-Pro and Florida Realtors® convention speaker, says iBuying has nothing to do with tech. They’re “instant buyers,” and “we’ve had them for years.”

“ORLANDO, Fla. – Bill Lublin, a Realtor® from Pennsylvania, lead author of e-Pro and a speaker at last month’s Florida Realtors® Convention & Trade Expo, says iBuying has nothing to do with tech. “It’s an ‘instant buyer’ and we’ve had them for years,” Lublin said. “That’s not new.”

“The big difference between flippers and iBuyers is the type of homes they want to buy. Flippers often want a fixer-upper they can improve and sell for a profit. iBuyers, however, look for value-added flips, said Lublin. “They want livable houses. Polish-and-buff kinds of buyers – minimal repair amounts.”

“New iBuyers continue to come onto the market, but the biggest – Opendoor, Knock, Offerpad, Zillow Instant Offers and Redfin Now – are “fueled by cash,” Lublin said. “Opendoor, the first one, has $1.3 billion in equity raised; Zillow has a $7.1-billion market cap; Offerpad has $150M in equity; Knock has $60.5 million equity raised (Knock is slightly different – buying and selling you another one.) Redfin has an $18 billion market cap.”

“As corporations, the iBuying concept is new, and investors want to get in on the ground floor. That makes them less concerned about profitability for now – and more concerned about becoming one of the dominant iBuyers in the U.S.

“Other iBuyer differences, according to Lublin: People go to the iBuyers websites, fill out a form about their house, and request an offer. An inspection might be requested, but “It all starts with someone raising their hand and saying they want an offer on their house,” Lublin said.

“iBuyers use algorithms. They calculate upfront what they can pay, what they need to sell the home for, and what the cost of holding is. Like Zillow home price Zestimates, iBuyers use an AVM (Automated Valuation Models) to calculate a home’s value. “It’s an educated guess,” said Lublin. “AVMs don’t include the things that make sales, such as views, neighbor’s flowers, etc.”

“Each iBuyer company has targets. Offerpad, for example, targets homes valued from $200,000 to $400,000. “They don’t want to buy everything. They identify a sweet spot in their business model, and that’s the only thing they buy,” said Lublin. “Just like Realtors have a market niche, they’ll stray from it if a potential sale comes up – but when iBuyers stray, it hurts their bottom line.

“Observers who wonder how the iBuyers make money may find out that they don’t – or not much money. “They’re only marginally concerned with profitability,” said Lublin. “They have tons of money to go out and experiment with a new business model. Redfin says they weren’t profitable in their first 10 years, and they made the most amount of money from their IPO. Speed of growth fuels profit in the beginning. None of these companies is profitable so far, and that’s a competitive advantage.”

“iBuying may not debut in all markets. Cities like Philadelphia have an older housing stock, for example. iBuyers are more attracted to metros, such as many in Florida, with a newer housing stock that’s easier to value. iBuyers with secondary companies – Zillow’s mortgage company, for example – could also benefit via their related industries.

“While the iBuyer share of the market isn’t expected to get large – Morgan Stanley projects a 3% market share by 2030 – it still could potentially pick up a large numerical number of sales.”

Sanibel & Captiva Real Estate Scoop

Below is an update on the year-to-date sales posted in the islands MLS – first on Sanibel, then Captiva. It compares inventory today, sales year-to-date, sales over the last three years, and the sales during the market peak, 13 years ago, in 2006. Though averages, these statistics shows the market downturn from the water woes last summer. Even so, things are looking up!

 

 

Status as of 9/13

Sanibel
Condos Homes Lots
# Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 93 851,024 217 113 1,377,721 210 66 688,492 424
Under contract 6 652,816 204 20 1,097,970 146 3 311,166 782
Closed year-to-date 97 674,067 144 160 958,364 170 11 406,181 687
Sold in 2018 155 720,617 172 218 1,112,748 162 21 602,095 240
Sold in 2017 140 728,793 188 186 1,004,237 163 32 327,229 504
Sold in 2016 143 717,768 217 181 979,576 176 25 487,095 571
Sold in 2006 143 866,972 147 156 1,143,682 186 18 523,917 158

 

 

 

Status as of 9/13

Captiva
Condos Homes Lots
# Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 35 1,269,990 219 35 2,808,568 262 3 1,929,666 496
Under contract 4 806,725 443 1 2,400,000 637 0 N/A N/A
Closed year-to-date 19 1,047,894 337 14 2,984,325 288 0 N/A N/A
Sold in 2018 27 797,532 153 25 2,127,352 290 0 N/A N/A
Sold in 2017 34 671,551 261 22 2,457,023 394 2 2,312,500 1,005
Sold in 2016 22 873,636 314 27 3,195,000 284 2 3,150,000 365
Sold in 2006 21 1,362,476 180 10 2,307375 334 4 2,218,750 432

(Note: Average $ is average asking price for properties “For sale” and “Under contract”.)

Sanibel & Captiva Islands Multiple Listing Service Activity September 6 – 13, 2019

Sanibel

CONDOS

2 new listings: Heron at The Sanctuary #3B 3/2.5 $885K, Golden Beach #3 3/2.5 $1.499M.

1 price change: Sundial #H211 1/1 now $395K.

1 new sale: Sundial #I104 1/1 listed at $469K (our buyer).

Sundial West from I104

From Sundial I104 listing, showing central pool at Sundial Resort & looking toward the buildings of Sundial West.

1 closed sale: Seashells #12 2/2 $360K.

HOMES

1 new listing: 1954 Roseate Ln 3/2 $599K.

8 price changes: 401 Raintree Pl 3/1.5 now $475K, 5745 Pine Tree Dr 2/1 now $498K, 1401 Sandpiper Cir 3/2.5 half-duplex now $509.9K, 681 Rabbit Rd 3/2.5 now $549K, 5303 Umbrella Pool Rd 3/2.5 now $648K, 760 Cardium St 3/2 now $699.9K, 1010 Kings Crown Dr 3/3 now $1.095M, 2385 Wulfert Rd 4/5 now $1.199M.

2 new sales: 1203 Kittiwake Cir 3/2.5 listed at $539K, 725 Donax St 6/6 listed at $1.295M.

3 closed sales: 1520 Centre St 3/2 $409K, 1035 Blue Heron Dr 3/2 $1.42M, 852 Lindgren Blvd 3/3 $1.595M.

LOTS

No new listings.

1 price change: 1800 Woodring Rd now $2.595M.

No new or closed sales.

Captiva

CONDOS

2 new listings: Bayside Villas #5316 3/3 $660K, Beach Homes #30 4/4.5 $3.949M.

No price changes.

2 new sales: Sunset Beach Villas #2216 1/1 $519.9K, Gulf Beach Villas #2008 2/2 listed at $639K.

2 closed sales: Beach Villas #2436 3/2 $812.5K, Ventura Captiva #2A 3/3 $900K.

HOMES

1 new listing: 17041 Captiva Dr 2/2 $1.699M.

No price changes.

1 new sale: 15161 Wiles Dr 5/5.5 listed at $2.4M.

1 closed sale: 16801 Captiva Dr 3/3.5 $1.8M.

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, wishing you clear skies & sunny days!

36.

One of my favorite photos by our photographer Jim Anderson of JMA Photography. They are blue crested night herons. It reminds me of the ugly duckling story. Thanks for sharing, Jim!

Susan Andrews, aka SanibelSusan