It is Susan reporting that it has been another “quiet” week on the islands. No Association of Realtors® caravan meeting yesterday, but the activity in the Sanibel & Captiva Islands Multiple Listing Service over the last seven days follows a few news items below.
First a few photos from our friend, Scott, who shares his pictures with us – for the blog. These ospreys love his dock! Thank you, Scott!
Sea Turtle Nests Break Record on East Sanibel
“Today SCCF’s Sea Turtle Program confirmed that Sanibel’s East End has broken the record for nest numbers since we began recording. We officially have 122 loggerhead nests on the East End.
“2015 was the previous record holder with 120 nests. Prior to that, the average for nests on the East end was 38 per year! We are having an excellent season!
“Here’s how you can ensure all those nests, hatchlings, and momma’s stay safe:
- Respect all staked nests.
- Turn off all lights – Nesting females and hatchlings primarily emerge after dark so remember to turn off all lights. Sea turtles use the brightest horizon to navigate towards the water. Any artificial lighting will cause confusion and steer turtles in the wrong direction. This includes beachfront lighting, flash lights, flash photography, and even iPhones.
- Remove all beach furniture and toys – Clear everything off the beach from 9 p.m. – 7 a.m. Obstacles on the beach can cause nesting females and hatchlings to become entangled.
- Fill in all holes on the beach – if you dug a hole on the beach please fill it in. Nesting females and hatchlings can fall into holes, causing them to be vulnerable to predators.
- Never approach a nesting sea turtle – if approached the sea turtle will likely abandon her nesting attempt
- Loggerheads are one of seven species of sea turtles in the world
- Nesting/hatching season occurs from April 15 through October 31
- Adult loggerheads can grow to more than 3-feet long and weight 200 to 350 lbs
- A female loggerhead may nest around 3-6 times per season
- Each nest contains 100 or more leathery ping-pong ball sized eggs
- Incubation takes about 55 to 65 days depending on sand temperature
- It may take 30 years or more for loggerhead hatchlings to reach maturity.”
2016 Profile of International Activity in U.S. Residential Real Estate
- Non-resident foreigners who are non-U.S. citizens with permanent residences outside the U.S. They typically purchase for investment, vacations, or other visits of less than six months.
- Resident foreigners who also are non-U.S. citizens, but are recent immigrants (or in the country for less than two years) or temporary visa-holders residing for more than six months for professional, educational, or other reasons.
The report contains some interesting information. Here are a few excerpts:
- “Amid slower economic growth in many countries and the strengthening of the U.S. dollar, fewer non-resident foreigners purchased U.S. residential properties while resident foreigners stepped up their purchases. Meanwhile more U.S. domestic clients searched for properties abroad…
- Foreign buyers purchase $102.6 billion of residential property from April 2015 – March 2016, a decrease from $103.9 billion in the previous 12-month period…
- Non-resident foreigners accounted for 41% of foreign buyers while resident foreigners made up 59%. In past years, the number of foreign buyers was split almost evenly between resident and non-resident foreign buyers…
- Foreign buyers typically purchase more expensive properties…
- 45% of foreign buyers who purchased residential property came from China ($27B), Canada ($8.9B), India ($6.1B), the United Kingdom ($5.5B), and Mexico ($4.8B)…
- Non-resident foreign buyers made up the bulk of buyers from Canada and the United Kingdom while resident foreign buyers came from China, India, and Mexico…
- Although foreigners purchased property nationwide, five states accounted for 51% of total residential property purchases: Florida (22%), California (15%), Texas (10%), Arizona (4%), and New York (4%)…
- 72% of non-resident foreigner buyers purchased the property as a vacation and/or residential rental property for investment while 21% of resident foreign buyers purchased the property for vacation and/or rental use…
- 50% of reported transactions were all cash…
- Previous client contacts and referrals accounted for 47%….”
- Florida and Arizona attracted buyers from Latin America, Europe, and Canada who tend to purchase properties in warm climates for vacation purposes…
- The outlook for international real estate activity in the U.S. remains positive. The decline in the value of the British Pound following Brexit is likely to mean fewer buyers from the United Kingdom. However, businesses and foreign real estate investors may choose to stay away from the United Kingdom, and the United States could become an attractive alternative.”
Corps to Cut Back Lake O Releases
“Some good news — the U.S. Army Corps of Engineers has granted the request made during this week’s Periodic Scientists Call to reduce flows from Lake Okeechobee to 2,800 cfs measured at the Franklin Lock from last week’s average 4,158 cfs. Flows to the St. Lucie will be reduced to 650 cfs. There should be some improvement in water clarity because of the reduction — but that would also require that rainfall not be heavy enough to increase the amount of runoff from the Caloosahatchee’s own watershed.
“SCCF participates in a weekly conference call with the Army Corps and South Florida Water Management District as part of a local stakeholders group, which also includes J.N. “Ding” Darling National Wildlife Refuge, the City of Sanibel, Lee County, the Town of Fort Myers Beach and the City of Cape Coral. As part of this process, the partners prepare a weekly Caloosahatchee Conditions Report. During this week’s call, stakeholders requested a slowdown on the lake releases.
You can find the reports on our website.”
In other SCCF news, their Natural Resource Policy Director Rae Ann Wessel spoke at a congressional hearing yesterday in DC on the water quality crisis in Southwest Florida and St. Lucie, Martin and Palm Beach counties on Florida’s east coast. In part, she said:
“We need to recognize this is a national issue requiring science that informs and directs public policies to protect the natural resources in our backyard,” Wessel testified. “This is an economic crisis as well as an environmental one, with 47,000 jobs in our $3 billion tourism industry at stake. We must act now to stop the harmful algal blooms that extend over 35 miles of the Caloosahatchee as we speak. We ask four things of Congress today. Bring greater science to bear in seeking solutions. Pass WRRDA (The Water Resources Reform and Development Act of 2016). Continue the Tamiami Trail bridging. Accelerate the implementation of the CERP (Comprehensive Everglades Restoration Plan) project to store water in the Everglades Agricultural Area (EAA) south of Lake Okeechobee. These four actions will provide the greatest impacts for resolving the water quality crisis on Florida’s two coasts.”
The Interagency Working Group hearing was the start of “Lagoon-Gulf Action Day” on Capitol Hill. Participating agencies included:
U.S. Environmental Protection Agency (EPA)
Centers for Disease Control and Prevention (CDC)
National Aeronautics and Space Administration (NASA)
United States Geological Survey (USGS)
National Oceanic and Atmospheric Administration (NOAA).
Sanibel & Captiva Islands Multiple Listing Service Activity July 8-15, 2016
Sanibel
CONDOS
No new listings.
3 price changes: Sanibel Arms #F2 1/1 now $515K, Sandpiper Beach #203 2/2 now $699K, Tanglewood #1A 3/2 now $1.1479M.
No new or closed sales.
HOMES
1 new listing: 4428 Waters Edge Ln 3/2.5 $1,299,999.
5 price changes: 1746 Windward Way 3/2 now $540K, 810 Elinor Way 3/2 now $649K, 519 Kinzie Island Ct 3/2.5 now $1.395M, 513 Lighthouse Way 3/3 now $1.929M, 1306 Seaspray Ln 3/4 now $3.895M.
3 new sales: 726 Cardium St 3/3 listed at $775K, 760 Windlass Way 3/3 now $979K, 2251 Starfish Ln 4/3.5 listed at $1.295M.
2 closed sales: 2407 Shop Rd 3/1 $330K, 1317 Eagle Run Dr 4/3.5 $1.075M.
LOTS
No new listings or price changes.
1 new sale: 1242 Anhinga Ln listed at $525K.
1 closed sale: 2988+2993 Wulfert Rd $799K.
Captiva
CONDOS
1 new listing: Bayside Villas #4214 1/2 $317.5K.
No price changes, new or closed sales.
HOMES & 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)
Scott shared this sunset photo too! It’s a beauty!
Thanks again, Scott ! Here’s hoping everyone’s weekend sunsets are beautiful too!
TGIF! Susan Andrews, aka SanibelSusan