Valentines Day Frenzy, The Real Estate Market is Red Hot on Sanibel Island


Valentines Day rain at Blind Pass (between Sanibel & Captiva Islands)

Valentines Day rain at Blind Pass (between Sanibel & Captiva Islands)

After two days of on-and-off rain, thanks to the arrival of a cool front, it has been a fun couple of days with real estate. The island is almost full and the non-beach days bring out the shoppers, real estate lookers and Periwinkle Way traffic jams.

The sun peeked out a couple of times today, but full sunshine is not expected again until Sunday. Meanwhile, the cool front forecast says that the high on Sunday will only be 61 degrees (low 39). Yikes, maybe we will need to turn our heat on for the first time this winter. The good weather news is that it is expected to be back into the low 80’s by Tuesday, followed by several days of picture-perfect weather.

The good real estate news is that buyers are here (happens every February). I was out showing property several days this week, as were teammates Dave and Lisa. Yesterday, I was out with folks all day (we got drenched multiple times), and again this morning. Two offers are in the works as a result of those efforts.

Plenty of price reductions and plenty of new sales already were announced this week, mostly Sanibel homes. When I showed homes yesterday, sometimes there were two and three Realtors showing at the same time. Talk about creating a sense of urgency!

The expectation is that the islands will remain busy until Easter. Full occupancy begins tomorrow for the Presidents’ Day Holiday weekend.

The annual Rotary Arts & Crafts Fair is tomorrow and Sunday at the The Community House and Sanibel City Park across the street from SanibelSusan Realty. It usually brings us walk-in business, so we will be here, open, and ready.

In lieu of my usual Friday real estate chatter and since the office was on full alert today working with walk-ins and prospective buyers, instead here are a few more of Dave’s island pictures. He took a few beauties this week before the rain came.

Dew-Flower-cropped-a-lil-foBeach umbrellaNear-Beach-chairs---cropped

Flowering shrub - i forget namePursuit

Sanibel & Captiva Multiple Listing Service Activity February 8-15

Sanibel
CONDOS
4 new listings: Captains Walk #C4 2/2 $199.9K, Mariner Pointe #1083 2/2 $419.9K, Sand Pointe #137 2/2 $799K, Tamarind #A202 2/2 $1.595M.
4 price changes: Lake Palms #7 2/2.5 now $249K, Sundial #D207 1/1 now $272.9K, Sanddollar #B104 2/2 now $895K, Seascape #302 3/3.5 now $1.339M.
4 new sales: Sundial #F105 1/1 listed for $295K, Loggerhead Cay #521 2/2 listed for $559K, Gulfside Place #320 2/2 listed for $949K, Junonia #203 3/2 listed for $974K.
3 closed sales: Colonnades #12 1/1 $115K, Sundial #G207 1/1 $238K, Wedgewood #303 3/3.5 $1.12M.

HOMES
6 new listings: 966 Greenwood Ct S 3/2.5 half-duplex $349K, 1613 Sand Castle Rd 3/2.5 half-duplex, 1125 Captains Walk St 2/2 $524.9K, 1664 Hibiscus Dr 3/2 $1.298M, 3615 West Gulf Dr 3/2 $2.695M, 2915 Wulfert Rd 5/6.5 $2.998M.
14 price changes: 966 Fitzhugh St 2/1 now $ 299K, 2079 Wild LIme Dr 3/2 now $440K, 1193 Kittiwake Cir 4/3 now $599K, 1744 Bunting Ln 3/2 now $629K, 4960 Joewood Dr 4/3 now $699K, 214 Palm Lake Dr 3/2.5 now $749K, 1066 Bailey Rd 3/3 now $824.5K (short sale), 385 Old Trail Rd 4/2.5 now $999K, 940 Victoria Way 3/3 now $999K, 261 Ferry Landing Dr 2/2 now $1.149M, 2429 Wulfert Rd 4/4.5 now $1.395M, 2279 Troon Ct 3/4 now $1.395M, 444 Lighthouse Way 5/4.5 now $2.395M, 3507 West Gulf Dr 3/2 now $3.295M.
14 new sales: 4629 Brainard Bayou Rd 3/2 listed for $499K, 1319 Tahiti Dr 3/2 listed for $549K, 3196 Twin Lakes Ln 3/2 listed for $589K, 1449 Tahiti Dr 3/3 listed for $595K, 1170 Sand Castle Rd 3/2 listed for $619K, 6138 Castaways Ln 3/2.5 listed for $654.9K, 1053 Seahawk Ln 3/2 listed for $689K, 1441 Causey Ct 3/2 listed for $699K, 228 Hurricane Ln 3/2.5 listed for $732.5K, 3840 West Gulf Dr 3/2.5 listed for $739K, 284 Ferry Landing Dr 3/2.5 listed for $979K, 985 Oyster Ct 4/4 listed for $1.295M, 4525 Waters Edge Ln 3/3 listed for $2.95M.
3 closed sales: 1060 White Ibis Dr 3/2 $535K, 2540 Coconut Dr 4/3.5 $699K, 1693 Bunting Ln 3/2 $725K.

LOTS
2 new listings: 5148 Sea Bell Rd $229K, 4333 West Gulf Dr $2.55M.
1 price change: 5170 Sea Bell Rd now $195K.
No new or closed sales.

Captiva

CONDOS
1 new listing: Beach Villas #2611 2/2 $610K.
1 price change: Bayside Villas #5308 3/3 now $560K.
1 new sale: Lands End Village #1609 2/2 listed for $1.295M.

HOMES
No new listings.
3 price changes: 15891 Captiva Dr 5/4 now $2.849M, 1121 Schefflera Ct 4/4.5 now $4.499M, 16428 Captiva Dr 7/8/2 now $12.3M.
1 new sale: 16163 Captiva Dr 3/2 listed for $1.5M.
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.

 

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