I showed condos most of last weekend, as well as on Monday. It was terrific weather for that, as we have continued with our sunny high-70 to mid-80-degree temperatures all week. More of the same is expected in the days to come. The photos above were taken this week and are indicative of the island December holiday spirit.
December Realtor® Membership Meeting
Yesterday was the monthly membership meeting of our islands Association of Realtors®. Those are well attended events, where we have breakfast and usually enjoy a presentation designed to sharpen our business skills. The speaker was Dr. Bruce Neill who is an ocean advocate and Executive Director and co-founder (with his wife Evelyn) of the Sanibel Sea School. In addition to sharing some of his recent teaching exercises, he provided us with an update on the current red tide outbreak that has been reported locally for the past several weeks. Interestingly, although the readings are higher than any previously measured, there has not been much effect on wildlife and the environment. (Unfortunately the press often issues negative publicity whenever there is a red tide outbreak, so it was helpful to learn that the impact on tourism from this recent occurrence should be slight.) The Neills and their Sea School – with a motto that says “where every day is a field trip” – are providing wonderful educational experiences for both children and adults. Learn more about them and follow their blog at http://sanibelseaschool.org/blog/
Another item announced at our membership meeting was a request by the Sanibel-Captiva Conservation Foundation for some Realtor® help in 2012. Our pal, Kristie Anders, Education Director at SCCF, has worked cooperatively for many years with the Sanibel & Captiva Association of Realtors® in both developing and then teaching our Realtor® continuing education classes. So, whenever we can lend a hand, she knows that she can count on us. In early January we will be helping SCCF clean their signs throughout the island that designate conservation land, then later in the year, we will be out helping SCCF employees in planting baby mangroves. Both fun ways for us to give back to the islands we love!
Mortgage Rates Sink to Record Lows Again
According to an article posted today in “Daily Real Estate News”, fixed mortgage rates dropped even more this week, continuing the trend in reaching new record lows this year. Freddie Mac reported in its weekly mortgage market survey that the 30-year fixed-rate mortgage averaged 3.94% this week, while 15-year rates sank to 3.21% — both all-time lows from their previous record lows set on Oct. 6. The 5-year adjustable-rate mortgage also set a new record this week.
The Federal Reserve at a meeting this week reaffirmed its commitment from this summer that it would keep interest rates low for the next two years.
Sanibel & Captiva MLS Activity December 9-16:
5 new listings: Tennisplace #D31 1/1 $189K, Seashells #29 2/2 $324.9K, Sandalfoot #3C3 2/2 $549K, Nutmeg Village #211 2/2 $569K, Signal Inn #5 2/1 $699K.
10 price changes: Lake Palms #2 2/2.5 now $275K, Ibis at The Sanctuary #A202 2/2 now $377.5K, Sanibel Arms West #M3 2/2 now $395K, Sanibel Arms West #K3 2/2 now $409K, Sanibel Arms #2 1/1 now $425K, Sanibel Arms West #H2 2/2 now $449K, Sanibel Arms West #G7 2/2 now $499K, Tarpon Beach #101 2/2 now $619K, Junonia #202 2/2 now $799K, Seascape #105 3/3 now $2.295M.
No new sales.
2 closed sales: Captains Walk #D4 2/2 $210K (our listing), Pelicans Roost #302 2/2 $740K.
3 new listings: 1807 Buckthorn Ln 3/2 $849K, 2981 Wulfert Rd 4/4.5 $2.199M, 3805 West Gulf Dr 4/4.5 $4.495M.
15 price changes: 474 Surf Sound Ct 3/2 now $440K (short sale), 476 Las Tiendas Ln 3/2 now $629K, 1120 Junonia St 3/2 now $679K, 1339 Par View Dr 3/2 now $699K, 927 Limpet Dr 3/3 now $699.9K (foreclosure), 1339 Par View Dr 3/2 now $719K, 557 N Yachtsman Dr 4/3 now $749K, 228 Hurricane Ln 3/2.5 now $749K, 6001 Clam Bayou Ln 3/2 now $995K, 2294 Wulfert Rd 4/4 now $1.064M, 2449 Harbour Ln 2/2 now $1.095M, 4809 Tradewinds Dr 3/3.5 now $1.745M, 1470 Middle Gulf Dr 4/5.5 now $2.245M, 1191 Bird Ln 4/3 now $2.395M (short sale), 3864 West Gulf Dr 4/5.5 now $2.488M.
5 new sales: 1797 Serenity Ln 2/2 listed for $299K (our listing), 766 Donax St 2/2 duplex listed for $299K, 1800 Ardsley Way 3/2 listed for $564.9K, 1570 Sand Castle Rd 4/3.5 listed for $1M (short sale), 909 Snowberry Ln 3/3 listed for $2.15M.
2 closed sales: 1240 Middle Gulf Dr 3/2 $650K, 3577 West Gulf Dr 3/3.5 $2.985M.
No new listings.
1 price change: 335 East Gulf Dr now $299.9K.
No new or closed sales.
No new listings.
3 price changes: Bayside Villas #5308 3/3 now $599K, Captiva Shores #6B 2/2 now $744.5K, Beach Villas #2534 3/3 now $799K.
No new sales.
1 closed sale: Beach Villas #2613 1/1 $385K.
No new listings.
2 price changes: 16185 Captiva Dr 4/4 now $1.299M, 15867 Captiva Dr 7/7.5 now $6.395M.
No new sale: 15161 Wiles Dr 5/5.5 listed for $2.395M.
No closed sales.
Nothing 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. If your property currently is listed with another broker, this is not intended as a solicitation of that listing.