We have had a busy week at SanibelSusan Realty. The island is filling up nicely and we had a little more showing activity with our listings. Have seen no offers in several weeks, but still have noted an increased interest in island real estate. Expect to see good action the first couple of weeks of November too. Already have received several advance showing appointment calls. We had no Realtor Caravan this week, but beginning next Thursday, we go back to our winter schedule of weekly (except holiday weeks).
Here are some news tidbits, followed by the MLS activity of the week.
Boost in Florida’s Consumer Confidence
Florida REALTORS® made a midweek announcement about a new University of Florida survey. It reported that historically low interest rates, bargains on condominiums, and a moratorium on foreclosures likely caused a jump in Florida’s consumer confidence in October. The biggest increase was in perceptions about whether it’s a good time to buy big-ticket consumer items. The rise was particularly marked among seniors. A likely cause of an increase in consumer confidence overall is the effect of the temporary moratorium on foreclosures and the possibility of delaying foreclosures as a result of the news that banks may be vulnerable in not following procedures in the filing of paperwork when buying and selling mortgages. The increase in confidence comes amid mixed economic news about employment, housing, tax revenue and tourism revenue. The latest unemployment figures, which were just released, show Florida’s jobless rate in September was up to 11.9 percent from a revised August figure of 11.8 percent – far above the national unemployment rate of 9.6 percent.
Sanibel Beach Parking Permits
These permits will no longer be sold at the Sanibel Police Department, but instead at the Sanibel Recreation Center, 3880 San-Cap Road. Permits can now be purchased seven days a week, anytime the rec center is open. The new permits are good through Nov 30, 2011. “A” stickers, for residents and property owners, are $12. “B” stickers, for non-residents and non-owners, are $90. Auto registrations and proof of residency/property ownership/driver’s license required.
New Requirements for Serving on a Florida Condo Board
With many condo association annual meetings just around the corner, prospective new board members should know that the FL Division of Condominium Associations, Timeshares, and Mobile Homes has instituted an educational requirement as a method of qualifying to serve on an association board. Newly elected board members may take a division-approved educational curriculum or state in writing that they have read certain documents in order to qualify for board service. Edison State College’s Collier Campus has conducted the Community Association Officers’ Forum for 12 years. In addition to the forum sessions that address issues of importance to community association officers and board members, this year’s sessions will each include one hour of the educational programs necessary to fulfill the new certification requirements.
Oct 31 (Sun) Fall Family Festival is at the Sanibel Community House from 5 p.m. to 7 p.m.
Nov 1 (Mon) Bird Lady of Periwinkle Park is back for the winter. Libby Baird introduces attendees to the park’s parrots during her presentations every day (except Sun) at 10 a.m.
Nov 3 (Wed) Sanibel Historical Museum & Village reopens. Hours are 10 a.m. to 4 p.m. Wed thru Sat. This summer new audio/visual enhancements were added for those self-touring. There is a new docent guided tour at 11 a.m. daily. The museum and village opened in 1984 and has seven historic buildings dating back to the late 1800’s. www.sanibelmuseum.org
Nov 7 (Sun) “Celebrate Sanibel” at Sanibel Community House will offer events and activities celebrating the history of the City and its Land Management Plan.
Nov 21 (Sun) “Taste of the Islands” largest ever CROW benefit at Sanibel Community Park, 12 to 5 p.m. www.TasteSanibelCaptiva.com
Nov 21 (Sun) “Thanksgiving Celebration”, Sanibel Community House in the evening, details to follow. You know who will be in singing with the BIG ARTS Chorus, in the alto section. We are already practicing.
Activity From the Sanibel & Captiva Islands Multiple Listing Service – October 22-29, 2010
6 new listings: Tennisplace #B31 2/1 $268K, Mariner Pointe #721 2/2 $329K, Captains Walk #B8 2/2 $335K, Sanibel Moorings #621 2/2 $469K, Mariner Pointe #141 2/2 $485K, Loggerhead Cay #172 2/2 $659K, By The Sea #C301 2/2 $1.395M.
7 price changes: Sanibel Arms #H2 1/1 now $295K, Sandpebble #4A 2/2 now $359K, Sundial #D207 1/1 now $364.9K, Sanibel Arms West #M7 2/2 now $399.9K (our listing), Pelicans Roost #302 2/2 now $850K, Atrium #204 2/2 now $1.099M, Atrium #205 3/2 now $1.27M.
No new sales.
1 closed sale: Sanibel Siesta #108 2/2 $299K.
5 new listings: 555 Rabbit Rd 3/2 $445K, 4516 Bowen Bayou Rd 4/2.5 $575K, 1281 Par View Dr 3/2 $959K, 5116 Joewood Dr 4/3 $1.295M, 443 Waters Edge Ln 3/2.5 $3.195M.
8 price changes: 962 Sand Castle Rd 3/2 now $388K, 1350 Tahiti Dr 3/2 now $749K, 3894 West Gulf Dr 4/3 now $799K, 4960 Joewood Dr 4/3 now $945K, 1672 Hibiscus Dr 3/2 now $949K, 2596 Wulfert Rd 5/4.5 now $2.495M, 3705 West Gulf Dr 5/5/2 now $2.995M (short sale), 4949 Joewood Dr 5/5 now $3.995M.
2 new sales: 1430 Causey Ct 3/2 listed for $549K (short sale), 5289 Umbrella Pool Rd 3/2 listed for $595K.
2 closed sales: 710 Birdie View Pt 3/3.5 $888K, 4039 West Gulf Dr 4/4 $3.05M.
1 new listing: 4308 West Gulf Dr $549K.
5 price changes: 3001 Poinciana Dr now $199K, 9247/9253 Belding Dr now $199.9K (our listing), 4636 Rue Royale now $579K, 1503 San Carlos Bay Dr now $1.595M, 4333 West Gulf Dr now $3.395M.
No new or closed sales.
No new listings.
1 price change: Sunset Beach Villas #2312 1/1 now $479K.
1 new sale: Marina Villas #904 2/2 listed for $650K.
No closed sales.
No new listings.
1 price change: 16727 Captiva Dr 5/3 now $1.484M.
No new sales.
1 closed sale: 16465 Captiva Dr 4/3.2 $1.5M.
Nothing new to report.
(This representation is based in whole or in part on data supplied by the Sanibel & Captiva Islands Association of Realtors or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)