Record Setting Temperatures in Southwest Florida Yesterday – 97 Degrees F

Beach in front of Loggerhead Cay condominiums

It has been quiet on the islands this week, though SanibelSusan is happy to report two offers were received and one was written. That is excellent activity for May. The offers were not from Buyers in town, but rather visitors who looked earlier during “season” and now are back home.

Generally, May is when Sellers are more negotiable, recognizing that high season does not start again for another eight months, with hurricane season in the interim. Lately however, more often than not, Sellers are digging in their heels and hoping to hold out for prices like the heydays of 2005-2007. It could be a long wait. 

There is not a lot of rhyme or reason to the complexes and subdivisions that are seeing sales. Most post-season sales are price-driven, though condition and location continue to contribute. Here is a quick summary of those areas with more than four sales this year.

Sanibel Condo complexes with more than four sales this year

(followed by number currently for sale): Sundial 7 sold (59 still available), Mariner Pointe 6 (8), Sanibel Siesta 5 (1), Island Beach Club 4 (1), Janthina 4 (0), Pointe Santo 4 (13).

Captiva Condo complexes with more than four sales this year

(followed by number currently for sale): Bayside Villas 6 sold (10 still available).

Sanibel Subdivisions with more than four homes sold this year

(followed by number currently for sale): Dunes 17 sold (22 still available), Beachview 6 (24), Sanibel Estates 6 (17), Gumbo Limbo 5 (4), Sanibel Shores 5 (6), Shell Harbor 5 (17), East Rocks 4 (5), Sanctuary 4 (13).  


Rockin’ In the Tropics

Danny Morgan

A fundraising benefit for a new non-profit called Hope Clubhouse of Southwest Florida is being held tomorrow, Saturday, May 14, from 1 to 5 p.m. at South Seas Island Resort on Captiva Islands. There, fans of Jimmy Buffet’s Coral Reefer Band will have opportunities to bid on a variety of tropical vacation packages while listening to the band, who will be backed by our local favorite, The Danny Morgan Band. Danny is often found playing “Captiva Moon” and “Sanibel Sunset” among other tunes he has written especially for the islands. Throughout the week, you can find Danny at several local establishments including Trader’s Cafe, The Stone Crab, and Casa Ybel Resort. If you have never vacationed on the islands, do not forget to add listening to Danny to your “must do” schedule of events. He is our own local Jimmy Buffet-style singer.


Wall Street Journal “Market Watch”

I saw a well-written article on-line today titled “Real-estate nightmare looms for retirees – Should you stay put, downsize or get out completely?” It is well worth the read.


Island Night

Richard Johnson & Francis Bailey outside Bailey's Store

The 18th Annual Sam Bailey’s Island Night is this coming Wednesday, May 18 at Hammons Stadium at the Lee County Sports Complex. At his yearly event, started bu Sam and his family, fun-loving islanders and their families enjoy a gala evening including a Miracles all-star baseball game. Local businesses provide sponsorship, with plenty of local vendors, plus a grand pre-game parade and activities, including many games and contests. The fun begins at 6:15 p.m. Tickets are free at Bailey’s Store. The proceeds raised go to local charities, plus island high school graduates are always recognized each year by the Bailey family. It is a perfect example of island commradry at its best – rain or shine.

Island Real Estate Activity – May 6 to 13

4 new listings:  Tennisplace #C23 2/1.5 $274.9K, Sundial #G101 2/2 $495K, Island Beach Club #310A 2/2 $545K, Kimball Lodge #304 2/2 $729K.
9 price changes:  Seashells #35 2/2 now $249.9K, Mariner Pointe #1012 2/2 now $305K (our listing), Mariner Pointe #1062 2/2 now $319K, Sanibel Arms West #M3 2/2 now $415K, Sandalfoot #3D1 2/2 now $546.9K, Mariner Pointe #131 3/2 now $565K, Kings Crown #104 2/2 now $689K, Sunward #101 3/2 now $849K, Junonia #202 2/2 now $889K.
3 new sales:  Mariner Pointe #961 2/2 listed for $549K, Sundial #Q304 2/2 listed for $549K, Tarpon Beach #204 2/2 listed for $625K.
3 closed sales:  Captains Walk #A1 2/1.5 $216K, Donax Village #3 3/2 $325K, Compass Point #181 2/2 $900K.
5 new listings:  988 Greenwood Ct N 3/2.5 half-duplex $374.5K, 533 N Yachtsman Dr 3/2 $499K, 5267 Ladyfinger Lake Rd 3/2 $689K, 557 N Yachtsman Dr 3/3 $849K, 970 East Gulf Dr 3/4.5 $1.295M. 
6 price changes:  4248 Old Banyan Way 3/2 now $479K, 731 Nerita St 3/2 now $529K, 317 Palm Lake Dr 3/3 now $645.9K, 215 Robinwood Cir 3/2 now $679K, 1570 Sand Castle Rd 4/3.5 now $950K (short sale), 1360 Eagle Run Dr 5/3.5 now $1.099M (short sale).
5 new sales: 1458 Sandpiper Cir 3/2.5 half-duplex listed for $299K, 1012 East Gulf Dr 4/2 duplex listed for $315K (short sale), 1613 Sand Castle Rd 3/3 half-duplex listed for $369K, 9292 Belding Dr 3/2.5 listed for $399K, 1162 Kittiwake Cir 3/3.5 listed for $1.295M.
2 closed sales:  486 Surf Sound Ct 3/3.5 $669K, 1209 Isabel Dr 5/4 $1.25M.
1 new listing:  9211 Dimmick Dr $129,555.
4 price changes:  2285 Wulfert Rd now $164K; 2502 Wulfert Rd now $188K; 4566 Buck Key Rd now $269,555; 0 Coconut Dr now $379K.
1 new sale:  1590 Century Ct listed for $139,555.
No closed sales.
1 new listing:  Tennis Villas #3120 1/1 $254.25K.
No price changes
2 new sales:  Tennis Villas #3238 2/2 listed for $410K, Captiva Shores #3A 3/2.5 listed for $599K (short sale).
No new sales.
No new listings.
2 price changes:  15152 Wiles Dr 2/2 now $695K (foreclosure), 15127 Captiva Dr 8/6.5 now $1.695M.
No new or closed sales.
No new listings or price changes.
1 new sale: 11525 Murmond Ln listed for $549K.
No closed sales 

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