A Week of Glorious Sanibel Sunsets

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I drove my Facebook friends crazy this week posting photos of our beautiful Sanibel sunsets. It’s so nice to once again have a few clouds in the sky in the evening. They make for fabulous color.  Also fun to see folks relaxing on the Sanibel causeway beach waiting for the nightly sunset celebrations. Life doesn’t get any better than that.

After hearing a few reports of snow flurries in New England today, I promise not to also mention that island weather is expected to remain perfect through the weekend with blue skies and daily temperatures in the 80’s. We are keeping an eye on the weather channels, following Tropical Storm Richard, to be sure we have no surprises next week. There was a little more traffic on the island this week plus a noticeable increase in people at grocery stores, shops, and restaurants.
Below please find a weekly sampling of real estate news, followed by the Sanibel MLS activity since last Friday. Starting this week,  the Captiva Island activity is shown too. Though that market is still sluggish, it’s good to compare action on the sister islands.

Economic Growth

Good summary of the modest growth of the nation’s economy in “USA TODAY” yesterday. Article said that nine of 12 districts expanded according to a Federal Reserve report released Wednesday. “The economic picture was mixed in the Cleveland and Richmond areas, and it weakened in the Atlanta region. On the bright side, auto sales and travel and tourism perked up, and lackluster lending markets improved slightly, according to the Fed’s beige book, named for the color of its cover. Overall, the survey portrayed an economy that continued to plod along in September and early October – after expanding fairly robustly early this year – as many nervous businesses put off capital investment and hiring. “On balance, national economic activity continued to rise, albeit at a modest pace,” it stated. Manufacturing and retail sales were up moderately, while housing and commercial real estate were still in the doldrums. The job market remained listless. Still, the report, which provides a ground-level snapshot of every region in the country, amounted to an improvement on the Fed’s July-August survey, which showed “widespread signs of deceleration.” Economists said the latest report did nothing to dampen speculation that the Fed will launch a new round of government bond purchases at its November 3 meeting to lower long-term interest rates and spark the economy.”

No More Bay Docks

In an about-face, this week, Sanibel City Council stood firm on the environment and voted to protect sea-grass by upholding the 17-year-old ban on new bay-front docks. Last April, Council directed the Planning Commission to come up with an ordinance that would lift the dock ban, but after months of debate, Planning Commissioners were divided on the issue. If the ban had been lifted up to 59 new docks could be constructed between Woodring Point and the Sanibel Lighthouse.

American Bald Eagles

Just had to borrow this tidbit reported in the “Island Sun” today. “Sanibel’s east-end pair of nesting eagles regularly fish in The Dunes golf course lakes and one was spotted walking the lake edge of Hole #3. Three pair of eagles nest on Sanibel from October through May. Seventy-eight eagles nested in Lee County in 2009. The adult male and female bald eagles have white heads by age five and can live 28 years in the wild. Join the conservation foundation (SCCF) for a wildlife tour by golf cart next Wednesday, October 27, followed by dinner at the clubhouse. SCCF preserved lands are adjacent to much of the course, making for good wildlife viewing, including alligators. Call The Dunes for reservations at 472-3355.”

Upcoming Events

  • Sunday, October 24, 25th Annual Bailey Fest at the shopping center, 1 to 4 p.m. (BIG ARTS Chorus 1st up singing)
  • Friday, October 29, Island Paws Annual Howl-o-Ween Party, 5 to 7 p.m., annual pet costume contest judging 6:30 p.m.
  • Sunday, October 31, Family Fall Carnival, Sanibel Community House, 5 to 7 p.m.
  • Sunday, November 21, CROW 29th Annual Taste of the Islands, Sanibel Community Park (across the street from our office) noon to 5 p.m.  (22 restaurants have already signed up)
  • Also Sunday, November 21, annual Thanksgiving Celebration, Sanibel Community House, 7 p.m.

Sanibel MLS Activity

10 new listings:  Captains Walk #F7 2/1.5 $259K, Sundial #F408 1/1 $349K, Compass Point #243 2/2 $510K, Sundial #B206 2/2 $585K, Sandpiper Beach #401 2/2 $649.5K, Loggerhead Cay #401 2/2 $669K, Sundial #E201 2/2 $899K, Sundial #R206 2/2 $999K, Beachcomber #D101 3/3 $1.795M.
8 price changes:  Sanibel Arms #H2 1/1 now $299K, Sanibel Arms #D6 1/1 now $309K, Sanibel Arms #D8 2/2 now $435K, Seawind #109 2/2 now $489.5K, Tarpon Beach #110 2/2 now $709K, Sundial #D101 3/2 now $799K, Signal Inn #13 4/3 now $948.9K, High Tide #A101 2/2 now $1.549M.
3 new sales:  with contingencies:  Cottage Colony West #139 1/1 listed for $549K, Mariner Pointe #232 2/2 listed for $599K, Heron at The Sanctuary II #3A 3/2.5 listed for $649K. 
1 closed sale:  Compass Point #143 2/2 $842K.
6 new listings:  490 Elizabeth Rd 2/2 $447.5K, 9203 Dimmick Rd 4/2 $749K, 1035 S Yachtsman Dr 5/4.5 $849K, 5240 Caloosa End Ln 3/3 $1.049M, 6090 Dinkins Lake Rd 3/3.5 $1.139M, 1765 Venus Dr 3/3 $1.9M. 
6 price changes:  1562 Serenity Ln 5/3 now $450K, 1417 Causey Ct 3/2 now $575K, 1316 Eagle Run Dr 4/3 now $970K, 600 N Yachtsman Dr 3/2.5 now $1.264M (short sale), 784 Birdie View Pt 4/4 now $1.795M, 1950 Woodring Rd 4/3.5 now $3.1M.
2 new sales:  with contingencies:  3965 Coquina Dr 2/2 listed for $389K, 658 Donax St 3/2 listed for $469K (short sale).
1 closed sale:  978 Oyster Ct 4/3 $900K.
3 new listings:  9239 Dimmick Dr $185K, 5132 Sea Bell Rd $225K, 9056 Mockingbird Dr $349K.
3 price changes:  564 Hideaway Ct now $245.9K, 3324 Saint Kilda Rd now $294K, 1114 Seagrape Ln now $611,550.
No new or closed sales.

Captiva MLS Activity

No new listings, price changes, or closings.
2 new sales:  Sunset Beach Villas #2314 2/2 listed for $569K, Lands End Village #1602 3/3 listed for $1.499M.
2 new listings:  56 Sandpiper Ct 2/2.5 $849K, 16185 Captiva Dr 4/4 $1.699M.
1 price change:  16778 Captiva Dr 4/3 now $4.995M.
No new sales or closings.
No action this week.
(This representation is based in whole or in part on data supplied by the Sanibel & Captiva Islands Association of Realtors or its Multiple Listing Service.  Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

 ’til next Friday, happy sunsets to all.

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