Sanibel & Captiva Islands Real Estate Update


We are in the throes of “high season”. The traffic on Periwinkle Way in front of the office has been “all stop” most afternoons as workers head home off-island and as visitors/snowbirds venture out for early dinners. Lisa, Dave, and I were out showing property several times during the week. We need be sure to plan extra time for island-style traffic jams. Our trick is to take the back roads “West Gulf to Middle Gulf to East Gulf” and hope that Sanibel’s “finest” out directing traffic are moving the vehicles in our favor.

View from our new listing at Pointe Santo de Sanibel

We also received three new listings this week, which in itself is rather unusual for this time of the year. Thanks to a realistic seller, one of those new listings already is under contract. We also have an offer working on another property where we are representing a new buyer.

With the Presidents’ Week visitors arriving tomorrow, rumor has it that island accommodations are near-capacity next week. Hopefully that means even more real estate action in the days to come.

Check out the activity in our islands Multiple Listing Service this week below.  

New Island Eatery

As a fan of Pinocchio’s Ice Cream in the heart of olde Sanibel on the island east-end, I chuckled when I saw the name of their new sister establishment that just opened next door. It is called Geppetto’s Beach Foodies, a market with “grab ‘n go beach cuisine”. Baked fresh daily in their store, Gepetto’s sells croissants, baguettes, soufflés, pastry, and artisan bread, as well as French-pressed coffee, pasta, soups, salads, cheeses, antipasto, and NYC Italian-bakery-style pizza and panini. Yum!

Interest Rates Remain Low

Local banks are producing rate sheets again. When customers ask about financing, I offer several recommendations and call them “the three Dans”. They include Dan Cronin, Vice President and Loan Officer with Sanibel-Captiva Community Bank at 239-210-7100; Dan Krispinsky, Senior Loan Officer with Mutual of Omaha Bank at 239-850-9232; and Dan Royal, Vice President with FineMark National Bank & Trust at 239-461-5961. With interest low, even our typical cash island buyers are considering financing alternatives. Convention and conforming loans for both condos and single-family homes remain under 4%, with ARMs as low as 2.5%. Non-conforming jumbo loans or those greater than $417,000 are low too, with a 30-year fixed with no points at 4.25%.

Rotary Club of Sanibel-Captiva “Arts & Crafts Fair”

Set-ups are on-going this afternoon for the 29th annual Arts & Crafts Fair that is the happening place to be tomorrow and Sunday right across the street from SanibelSusan Realty. We are a long-time advertiser in their program, so generally will get a walk-in or two from folks visiting the fair. Look for more info at www.sanibelartfair.com.

Shellabration 2012

As advertisers in the commemorative edition program for the 75th Anniversary Sanibel Shell Fair & Show, we received a stack of copies yesterday. If you would like one, just stop into the office anytime. The Shellabration 2012 island-wide celebration began today and runs through March 3. Watch the national news tonight for the results of the huge Sanibel Stoop event this morning.

Sanibel & Captiva Multiple Listing Service Activity February 10-17

 
Sanibel
CONDOS
6 new listings: Mariner Pointe #1043 2/2 $299.9K (our listing), Sandpebble #4E 2/2 $369K, Island Beach Club #310A 2/2 $519K, Mariner Pointe #112 2/2 $599K, Pointe Santo #C23 3/2 $649K (our listing), Sundial #T404 2/2 $675K.
12 price changes: Captains Walk #F7 2/1.5 now $227K, Sanibel Arms #C1 2/2 now $408K, Seawind #104 2/2.5 now $488K, Snug Harbor #311 2/2 now $499K, Sunset South #9A 2/2 now $499K, Island Beach Club #P1E 2/2 now $649K, Sundial #T404 2/2 now $669K, Shell Island Beach Club #5B 2/2 now $764K, Pointe Santo #C25 3/2 now $799K, Lantana #202 4/3.5 now $1.798M, Sedgemoor #206 3/3.5 now $2.999.9M.
1 new sale: Pointe Santo #C23 3/2 listed for $649K (our listing).
3 closed sales: Colonnades #C43 1/1 $155K, Sanbel Moorings #321 2/2 $400K, Loggerhead Cay #422 2/2 $380K.
 
HOMES
10 new listings: 555 Leather Fern 2/2 $295K, 966 Greenwood Ct S 3/2.5 half-duplex $324.9K (our listing), 1086 Sand Castle Rd 3/2 $544K, 207 Daniel Dr 3/2 $569K, 1477 Albatross Rd 4/3 $648K, 1309 Par View Dr 3/3 $895K, 862 Beach Rd 3/2 $999K, 2665 West Gulf Dr 3/3 $1.295M, 1249 Par View Dr 4/4.5 $1.595M, 1266 Isabel Dr 3/3 $2.495M.
8 price changes: 2210 Camino Del Mar 3/2 now $539K, 1750 Dixie Beach Blvd 3/2.5 now $549K (short sale), 215 Robinwood Cir 3/2 now $639K, 927 Limpet Dr 3/3 now $674.9K (foreclosure), 1339 Par View Dr 3/2 now $694.5K, 228 Hurricane Ln 3/2.5 now $739K, 2729 Wulfert Rd 4/4.5 now $1.395M, 4949 Joewood Dr 5/5 now $2.775M.
5 new sales: 5745 Pine Tree Dr 2/1 listed for $435K, 1430 Sandpiper Cir 3/3 half-duplex listed for $446,255; 293 Palm Lake 3/2 listed for $479K; 525 Lake Murex Cir 3/2.5 listed for $499K; 1735 Jewel Box Dr 3/2 listed for $800K. 
4 closed sales: 555 Rabbit Rd 3/2 $395K, 913 Kings Crown Dr 4/3 $970K, 6004 White Heron Ln 4/4/2 $1.725M, 5029 Joewood Dr 3/2 $1.824M.
 
LOTS
No new listings.
1 price change: 1326 Junonia St now $279K.
1 new sale: 761 Donax St listed for $189K.
No closed sales.
 
Captiva
CONDOS
1 new listing: Bayside Villas #5132 1/2 $275K.
1 price change: Sunset Beach Villas #2336 2/2 now $749.9K.
No new or closed sales.
 
HOMES
1 new listing: 14981 Binder Dr 2/2 $849K.
1 price change: 28 Urchin Ct 2/2 now $789K.
1 new sale: 15867 Captiva Dr 4/4.5 listed for $3.498M.
No closed sales.
 
LOTS
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.

 

Until next week, here’s to happy shelling and selling, SanibelSusan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s