It’s SanibelSusan reporting that even with the upcoming 3-day holiday weekend, it has been another quiet week on the islands.
This year, many prospective visitors and buyers have inquired about water quality. This week, surrounding waters – both bay and gulf – are back to a clear glistening bright blue. Social media is full of terrific photos. Here’s a favorite.
Below are a few news items, followed by the action posted in the Sanibel & Captiva Multiple Listing Service over the last seven days.
In addition to the sparkling waters creating some wonderful photo opportunities, many trees here are in bright bloom. May is always a special month for that.
In my travels this week to Sanibel Moorings, the crab apple, orchid, and Royal Poinciana trees were just past their prime, while in The Dunes I spied flowering hibiscus and frangipani.
My yard too is busting out in bloom.
I try to get out of the office every day for a short lunch with business colleagues. Being in a small office and involved in the Realtor® leadership team, it’s a good way to stay in the loop and up-to-date on island scoop. When workload permits, it has been my routine for years. Through that time I’ve found that noon-time occupancy at island restaurants is a good gauge of how busy the islands are. When popular spots have few patrons, and the out-of-the-way spots are empty, you know things are slow. Those were the findings this week.
So, if you are planning a future trip to the islands, be sure and add May as an optimum time. Not only is it beautiful and the weather great, but it is quiet too! Also a good time to look at real estate since fewer properties are occupied.
Sanibel & Captiva Islands Association of Realtors®
The islands Association of Realtors® met yesterday for a Caravan Meeting. Attendance was light at this meeting too.
Since through the summer, the Association meets only every two weeks, there were several announcements including our new listing at Loggerhead Cay #264 (which this year should gross a whopping $60K).
I announced two listing price reductions too (Coquina Beach #3G to $499K and Sanibel Moorings #822 to $449K).
Other Realtor® announcements included several other new listings. It’s an unusual time of the year for those.
Today, Sanibel condo inventory is back up over 100 units again, 78 have sold/closed year-to-date. There are 159 Sanibel homes for sale, with 89 sold/closed this year. Average condo asking price is $792K. Average home price $1.365M.
In Captiva, 33 condos are for sale, 9 have sold/closed this year. There also are 33 Captiva homes for sale, with 14 sold/closed so far in 2016. Average condo asking price is $871K. Average home price $3.421M.
Sanibel & Captiva Islands Multiple Listing Service Activity May 20-27, 2016
5 new listings: Mariner Pointe #813 2/2 $449K, Compass Point #222 2/2 $689K, Sundial West #A203 1/1 $724.5K, Loggerhead Cay #103 2/2 $1.079M, High Tide #A302 3/2 $1.795M.
5 price changes: Blind Pass #A102 2/2 now $399K, Coquina Beach #3G 2/2 now $499K (our listing), Surfside 12 #B1 3/2 now $899K, Surfside 12 #B3 3/2 now $1.124M, Pine Cove #102 3/2 now $1.479M.
2 new sales: Seashells #14 2/2 listed at $379K, Sanibel Moorings #421 2/2 listed at $449K.
5 closed sales: Coquina Beach #5D 2/2 $353K, Sanibel Siesta #402 2/2 $515K, Lighthouse Point #325 2/2 $815K, Yacht Haven #2 3/2 $925K, Seascape #301 3/3 $1.15M.
6 new listings: 610 Donax St 5/3 multi-family (lease-hold) $450K, 5240 Caloosa End Ln 3/3 $1.0799M, 615 Hideaway Ct 3/2.5 $1.195M, 2251 Starfish Ln 4/3.5 $1.295M, 519 Kinzie Island Ct 3/2.5 $1.45M, 1842 Woodring Rd 3/3.5 $2.449M.
5 price changes: 340 East Gulf Dr 2/2 now $599K, 4648 Buck Key Rd 3/2 now $619K, 588 Hideaway Ct 3/2 now $744.5K, 1112 Olga Ave 6/2.5 duplex now $874.5K, 584 Kinzie Island Ct 3/4 now $1.795M.
3 new sales: 441 Lake Murex Cir 3/3 listed at $569K, 938 Strangler Fig Ln 2/2 listed at $599K, 4014 West Gulf Dr 3/2/2 listed at $1.595M.
5 closed sales: 1216 Par View Dr 3/2 $715K, 1438 Albatross Rd 4/3 $770K, 841 Lindgren Blvd 2/2 $850K, 767 Sand Dollar Dr 3/2 $1.3M, 830 Limpet Dr 4/4.5 $1.46M.
1 new listing: 2479 Harbour Ln $535K.
1 price change: 6519 Pine Ave now $895K.
No new or closed sales.
Nothing to report.
Nothing to report.
No new listings or price changes.
1 new sale: 16298 Captiva Dr listed at $4.999M.
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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)
Happy Memorial Day Weekend!
Susan Andrews, aka SanibelSusan