It’s SanibelSusan back at her post, at the office in Sanibel Square, after enjoying a few days in Maine/New Hampshire last weekend for a high school class reunion. Below is a photo showing the wonderful fall foliage that we don’t get to see here, but it was nice to enjoy it for a few days.
Following my return, island weather here has been fabulous with low humidity and wonderful breezes, the after effects of Hurricane Matthew passing by Florida.
I also have noticed more folks back on the islands, a definite increase in traffic and occupancy at local stores and restaurants. Time to plan those winter vacations, if you haven’t already.
2016 Annual Meeting – Sanibel & Captiva Islands Association of Realtors®
An early breakfast meeting yesterday included the annual meeting and election of The Sanibel & Captiva Islands Association of Realtors®. Congratulations to Realtors® Mike Badenoch, Tina DiCharia, and Becky Mulka, all elected as new Directors.
After the meeting, the SanibelSusan Team held open 2010 Sunrise Circle during the 9 a.m. to noon Realtor® Caravan. Beginning Nov 1, our local Realtor® Caravans go back to an every-Thursday-morning schedule. That is when Realtors® and the public can easily view new listings without needing an appointment. Here are some photos from Sunrise Circle.
The activity posted since last Friday in the Sanibel/Captiva Multiple Listing Service follows a couple of news items.
Upcoming Events & Re-Openings
8th Annual 10K Race 4 F.I.S.H. – Tomorrow – Oct 15 – at 7:30 a.m. with start/finish line at Sanibel Community Park (relocated due to the construction underway at The Community House and across the street from SanibelSusan Realty). The Sanibel & Captiva Islands Association of Realtors® and SanibelSusan Realty Associates are just two of the 60-some event sponsors.
3rd Annual CROW Golf Tournament – Tomorrow – Oct 15 – fundraiser. More info at www.crowclinic.org.
“Ding” Darling Days – Oct 16 to 22 – This year in addition to celebrating J.N. “Ding” Darling’s 140th birthday and National Wildlife Refuge Week, “Ding” Darling Days commemorates the centennial of the convention between the U.S. and Great Britain (representing Canada) for the protection of migratory birds. Also called the Migratory Bird Treaty, it was signed on August 16, 1916. So this year, “Ding” Darling Days will focus on “all things birds”.
Family Fun Day is Sunday, Oct 16. Friday, Oct 21 is Darling’s official birthday celebration. Saturday Oct 22 is Conservation Art Day. More info at www.dingdarlingsociety.org.
Sanibel Historical Village – reopens for the season on Oct 18. Hours are from 10 a.m. to 4 p.m. Tuesdays through Saturdays. New volunteers are always needed. http://www.sanibelmuseum.org.
Howl-o-Ween – Oct 28 – Island Paws 12th annual part to raise $ for the Gulf Coast Humane Society, held in the parking lot of Over Easy Café from 5 to 7 p.m.
Which Groups Will Influence Future Housing Trends?
Posted yesterday on line at FloridaRealtors®, the below article is a long one, but has good insight into the future of residential real estate.
“Rising numbers of female executives, affluent immigrants, younger and older workers, and retirees will have a profound influence on community building in the U.S. over the next 10 years, according to a new Urban Land Institute (ULI) report, Demographic Strategies for Real Estate.
“According to the report, these key demographic drivers present opportunities for real estate professionals:
“The continued rise of working women – Women now earn 58% of all college degrees in the U.S., and they earn more than their spouses 38% of the time. By 2025, the number of women in the workforce will rise to 78 million, 8 million above the level in 2015.
“A rising number of affluent immigrants – Immigration will account for more than half the U.S. population growth by 2025, assuming current trends continue. Contrary to some perceptions, many immigrants coming to the U.S. are highly educated middle- and upper-class families with substantial purchasing power.
“The graying of America – By 2025, 66 million Americans will be over age 65 – 38% more than in 2015. This will create opportunities for customer segmentation, given the widely varied needs and lifestyles of younger retirees versus older ones. The surge in retirees will also create more opportunities for workers, driving incomes up for many occupations.
“Young adults driving household formation – 44 million 18-to-27-year-olds born in the 1990s will lead the majority of new household growth over the next decade, despite forming households more slowly than their predecessors. They are expected to create 14 million households by 2025.
“”This research reaffirms the extraordinary impact that demographic shifts have on real estate investment and development decisions,” says Robert Bowman, a chairman with ULI’s Residential Neighborhood Council. “Being successful in this industry means being on the front end of trends, thinking about what those trends mean for the long-term, and being able to correctly anticipate how and where people will want to live and work in the years ahead.”
“In terms of land use and development, the report predicts that the suburbs will draw about 79% of the coming wave of new households, as younger families seek “surban” communities that combine the best of urban and suburban living. Many will choose to rent rather than own homes, pushing up demand for single-family rentals in particular.
“The report groups the U.S. population by decade born, rather than by generation, to draw conclusions about behaviors shaping trends, with the most influential (and largest) groups being:
Innovators, born 1950-1959, who led a technology revolution
Equalers, born 1960-69, which became the first group with women achieving higher education levels than men
Balancers, born 1970-79, who led a shift toward achieving a better work-family balance
Sharers, born 1980-89, who led the transition to the sharing economy, which includes a higher preference to rent
Connectors, born 1990-1999, who led 24/7 wireless connectivity
Globals, born 2000-2009, who think and interact globally due to their many multi-cultural connections and free-flowing information
“Among the trends shaped by these groups:
“”Surban” developments will replace shopping centers – More retail stores will be transformed into places that sell experiences rather than goods, and more development will combine housing and retail to satisfy consumer demand for places that offer convenient, car-free shopping. An 86% surge in household formations in the coming decade will drive retail activity, particularly purchases by renters.
“Suburban office demand will return – As 1980s-born Sharers move into more senior management roles and start families, many will move from urban cores to the suburbs to live in areas with good schools that are also near employment hubs, entertainment and recreational amenities. They will be willing to share space and work remotely. Female executives will play a stronger role in office space selection.
“Housing rental rates will surge over the long term – The sharing economy’s de-emphasis on ownership will be reflected in soaring demand for rental units. Well over half of the 12.5 million net new households created over the next decade will rent, including those who have never owned, and those making the switch from owning to renting as they age. Homeownership will decline, with the national rate anticipated to be 60.8% by 2025, the lowest point since the 1950s. As more Innovators join the already large number of retirees, competition for workers will push up wages, contributing to a favorable environment for rent increases.
“Southern suburban migration will continue – The southern regions, where 42% of Americans currently live, will receive 62% of the household growth in the U.S. over the next decade. Demand will continue to rise for affordable rental housing, townhomes and small-lot detached housing, as 1990s-born Connectors join Sharers in raising families.
“Municipalities will take a stronger role in encouraging successful growth – Local government redevelopment investments have revitalized urban and suburban areas, and the most astute suburban – or surban – municipal leaders will continue changing zoning regulations to encourage mixed-use, pedestrian-friendly development that accommodates the preferences and needs of new households.
“The predictions in the report are based on several macroeconomic assumptions:
- The economy will slow in the next few years and achieve 2% average real GDP growth over the decade
- The influx of immigrants will remain at about 1.2 million per year
- There will be no significant changes to federal entitlement programs such as Social Security and Medicare
- Rising college tuition costs and student debt will continue to delay marriage and childbirth
- Life-extending technology will allow women to have children later in life and allow older adults to remain active
- Slightly higher mortgage rates will make homeownership more expensive
- Rents and home prices will rise slightly faster than incomes each year.”
Sanibel & Captiva Islands Multiple Listing Service Activity October 7-14, 2016
5 new listings: Casa Blanca #6 1/1 $259,989; Blind Pass #F210 2/2 $479.9K; Sanibel Inn #3512 2/2 $675K; Sanibel Arms West #E2 2/2 $875K, Shorewood #1C 3/2 $875K.
2 price changes: Tennisplace #D22 1/1 now $239K, Loggerhead Cay #174 2/2 now $790K.
2 new sales: Sundial #I207 1/1 listed at $315K, Sundial #B108 1/1 listed at $369K.
No closed sales.
7 new listings: 1714 Bunting Ln 3/2 $595K, 721 Durion Ct 3/3 $825K, 521 Lighthouse Way 3/2 $995K, 1391 Jamaica Dr 4/3 $1.295M, 900 Snowberry Ln 4/3 $3.595M, 3557 West Gulf Dr 3/3.5 $4.5M, 3577 West Gulf Dr 4/5.5 $7.595M.
1 price change: 696 Kinzie Island Ct 4/5 now $2.25M.
4 new sales: 970 Palm St 3/2 listed at $525K, 1133 Sand Castle Rd 3/2 listed at $679K, 6188 Henderson 3/2 listed at $779K, 1112 Olga Ave 6/2.5 (duplex) listed at $8747.2K.
No closed sales.
2 new listings: 1299 Par View Dr $259K, 5706 Sanibel-Captiva Rd $549K.
1 price change: 1639 Serenity Ln now $295,555.
No new or closed sales.
No new listings.
1 price change: Sunset Captiva #201 2/2 now $975K.
No new or closed sales.
No new listings.
1 price change: 11514 Andy Rosse Ln 5/5 now $2.375M.
No new or 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)
So until next Friday, please enjoy the fall weather wherever you are, but don’t forget to schedule your next island stay or buy your property to enjoy then. Winter will be here before we know it & winters on Sanibel & Captiva are the best!
P.S. Facebook followers, if you don’t follow the “Beautiful Sanibel Island” page, you are missing some terrific photos. Here is one posted yesterday saying it was taken about noon on Middle Gulf. The water looks wonderful. Thanks for sharing, Tracy W, hope you don’t mind that I am sharing too!