Monthly Archives: August 2017

A Little Soggy Today in the Neighborhood

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SanibelSusan here. Today the islands are feeling the effects of what forecasters are calling swirling weather patterns associated with a tropical wave which poses a threat for localized flooding across Southwest Florida today. Heavy downpours began Wednesday afternoon and have been sporadic so far, but the chance of rain is predicted at 100% right through the weekend. It finally drops to a 20% chance on Wednesday. On the upside, the temperatures are down into the high 70’s/low 80’s and the vegetation is lush.

With the ground already saturated, flash flooding warnings have been issued for Lee and Charlotte counties until 8 p.m. tonight. This wave is not related to Hurricane Harvey which is poised to slam the Gulf coast of Texas, but it nonetheless probably helped bring the greater-than-normal rain throughout the day.

Before a few news items, here is a photo shared with me earlier this month. Look who walked by and caught him by surprise when he was at his island home. (You’ve gotta be fast with an iPhone. Thanks for sharing, Scott.)

2017-08-12 bobcat

Florida Realtors 101st Annual Convention/Trade Show & Governance Meetings

2017 Convention LogoSorry I missed posting a blog last Friday. While in Orlando at the Florida Realtors® Annual Convention and Governance Meetings, it was great to play a part in the productive educational sessions Tues/Wed/Thurs, followed by committee meetings Fri/Sat, and ending with the Board of Directors meeting Sunday morning.

There are a lot of events, networking, and real work crammed into a few days so I always enjoy the drive back home when it is nice to get out in the fresh air again and rethink the week’s accomplishments.

2017 Sanibel Gang at Awards Luncheon

The Sanibel/Captiva gang at the Florida Realtors 2017 Awards Luncheon

 

I’ve seen lots of changes in the industry during the 20+ years that I have been involved in the state leadership team. Hot topics now are cybercrime, wire fraud, copyright infringement, automated valuation models, paperless transactions, social media advertising, artificial intelligence, and drones.

2017 chief financial officer cropped

Speaking at Florida Realtors Capital Club Luncheon – Florida’s Chief Financial Officer Jimmy Patronis (with his handsome sons)

Though the real estate markets vary from one area of Florida to another, much of our work and problems are common. Staying involved in problem-solving and solution-sharing is key in staying ahead of the many changes that technology continually brings to this business.2017 Education Ambassador

 

Here are a few fun facts about Florida Realtors®:

  • Florida Realtors® is the 2nd largest state Realtor® organization in the country.
  • It is 170,000 members strong (in 2017)
  • It began in 1916 and now covers 13 districts, 54 local boards, and has 130+ employees.
  • In 2016, 61% of membership was female and averaged 52 years old. Members had an average of 10 years of experience and completed 9 transactions. They closed nearly 400,000 sales with over $105 billion in dollar volume.
  • In 2016 in Florida, there were $19.4 billion in international sales. The largest fraction of foreign buyers (39%) were from Latin America & the Caribbean. The top 5 countries of foreign buyers in Florida were: Canada, Brazil, Venezuela, United Kingdom, & Argentina.
  • In 2017, Florida Realtors® PAC successfully supported legislation that passed the first-ever cap on community association fees for estoppel certificates.

Because of the size of our local organization, the Sanibel & Captiva Islands Association of Realtors® only has two voting Directors at the state. There were 561 Florida Directors voting on Sunday. I was honored to be one of them, along with our 2017 Sanibel & Captiva Islands Association of Realtors® President, Joel Goodman.2017 BoardYou can find more info about Florida Realtors® at FloridaRealtors.org.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday was the Sanibel & Captiva Islands Association of Realtors® August General Membership Meeting followed by biweekly Caravan. Once again, like two weeks ago, the meeting was well attended, but not much real estate action was announced. Our new listing at Spanish Cay was one of only two properties on the following Open House Caravan.

The speakers for the General Membership Meeting included a panel of four rental managers from ReMax of the Island Vacation Rentals, Royal Shell Vacations, SBL Vacations, and VIP Vacation Rentals. They fielded such questions as:

  • Who handles the prorations of rental income when a property sells? The rental managers do, this is not something that normally is handled by a title company since it’s not a physical part of the real estate.
  • How do you handle requests for showings when a property is listed for sale? Most of the managers prefer to make the showing appointments and only when requested by the Listing Agent. Particularly “in season”, when requests may be frequent, Listing Agents may want to ensure that the request is to a “serious prospect” before bothering a long-term tenant. VIP prefers that the Listing Agent calls the tenant so they can control who goes in/out.
  • Has the rental business increased or decreased? Some mentioned that particularly with homes, inventory is less than it was some years ago. Many in the large baby boomer population who purchased and rented before retirement are now using the property themselves.
  • Have rental rates increased? In most cases yes, but it’s often dependent on a property and its upgrades. The “best” properties are booked a year in advance with repeat longer-term bookings preferred. Particularly for reservations in Feb and Mar, they should be booked a year ahead.

SanibelSusan Realty Associates

While away, I fielded some phone and email inquiries about a few of our listings. Then, this week, we got another new listing. It is a Sunset South top-floor riverside expanded 2 bedroom with elevator, garage & large private storeroom – a great opportunity for a buyer looking for easy residential living with gulf access, natural views, and handy to the causeway. Well priced too at $499,900 (view shown in first photo below).

Several of our listings were shown this week and a couple of showings are scheduled as next week many rental properties are vacant. The action posted in the Sanibel & Captiva Multiple Listing Service since August 11 (two week’s worth of info) is posted after a few news items below.

The islands are coming up on what some of the retail establishments say is traditionally the slowest week of the year. Many communities only allow construction projects in September so it could be a few quiet weeks with schools back in session and the rainy season in full swing. It is a good time to view property though. Some say, the best time to secure real estate before “season”.

Sanibel Fresh

Sanibel Fresh 08-24-17If you are looking to try some place new, “Sanibel Fresh” opened yesterday in the former location of Bennett’s Fresh Roast at 1020 Periwinkle Way. Open Monday through Friday from 7 a.m. until 9 p.m., their motto on their Facebook logo says “Healthy food for a happy you”.

We haven’t tried it yet, but our pals say it’s “great”.

Call for Action

NFIPWithout Congressional action by September 30, 2017, authority for the National Flood Insurance Program (NFIP) will expire. If NFIP lapses, more than 40,000 real estate transactions per month will be in jeopardy. The National Association of Realtors® has issued a call for action and made it easy for you to urge your member of Congress to pass “The 21st Century Flood Reform Act” H.R. 2874 as soon as possible.

H.R. 2874 contains several provisions of critical importance:

  • Reauthorizes NFIP for a full 5 years, avoiding the uncertainty of short-term extensions and potential shutdowns.
  • Caps NFIP rates at $10,000 per year for property owners.
  • Directs FEMA to develop more granular rate tables, to ensure fewer properties are overcharged
  • Sets aside $1 billion for flood mitigation assistance grants.

And increases access to private market flood insurance. Please follow this link to Take Action

Sanibel & Captiva Islands Multiple Listing Service Activity August 11-25, 2017

Sanibel

CONDOS

3 new listings: Sunset South #6D 2/2 $499.9K (our listing), Sundial East #O405 2/2 $1.0995M, Sanddollar #A101 2/2 $1.195M.

3 price changes: Seashells #40 2/2 now $359.9K, Ibis at The Sanctuary #B102 2/2 now $449.9K (our listing) (photos below), Ibis at The Sanctuary #B302 2/2 now $468.5K.

4 new sales: Ibis at The Sanctuary #B201 2/2 listed at $475K, Sanibel Moorings #931 2/2 listed at $550K, Sanctuary Golf Villages I #6-2 2/2.5 listed at $649K, Lighthouse Point #327 3/2 listed at $849K.

4 closed sales: Spanish Cay #B6 2/2 $380K, Blind Pass #F210 2/2 $444K, Blind Pass #B105 2/2 $450K, Sanibel Arms West #I3 2/2 $519K.

HOMES

5 new listings: 982 Main St 3/2.5 $489K, 4542 Bowen Bayou Rd 3/2 $578K, 1724 Bunting Ln 3/4 $985K, 1304 Eagle Run Dr 3/3 now $1,099,995; 411 Bella Vista Way 3/4 half-duplex $2.495M, 3945 West Gulf Dr 3/3 $3.195M.

7 price changes: 3021 Singing Wind Dr 3/2 now $499K; 5306 Ladyfinger Lake Rd 3/2 now $589K; 673 East Rocks 3/2 now $715,888; 3354 Barra Cir 3/2 now $875K; 673 East Rocks 3/2 now $725,988; 5075 Joewood Dr 4/4.5 now $3.25M.

6 new sales: 982 Main St 3/2.5 listed at $489K, 2150 Egret Cir 3/2 listed at $524.9K, 981 Sand Castle Rd 3/2.5 listed at $549K, 1311 Sand Castle Rd 4/4.5 listed at $799K, 655 Anchor Dr 3/3 listed at $749K, 1272 Isabel Dr 4/4.5 listed at $3.45M.

1 closed sale: 981 Main St 4/2.5 $625K.

LOTS

No new listings.

2 price changes: 3354 Barra Cir now $399K, 4115 Sanibel-Captiva Rd now $799K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #5228 1/2 $433.5K.

No price changes.

2 new sales: Beach Villas #2517 1/1 listed at $497.5K, Beach Villas #2623 1/1 listed at $530K.

HOMES

No new listings or price changes.

1 new sale: 11500 Chapin Ln 4/4.5 listed at $1.795M.

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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, I hope you enjoy your weekend & stay dry. That’s the plan here!

Susan Andrews, aka SanibelSusan

Gearing Up for Florida Realtors

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Here it is, the end of another quiet week on Sanibel Island. Local schools started up again yesterday so though the hot weather continues, the feeling is that summer is over.

2017-08-08 Lighthouse beach log

Florida Realtors® 101st Annual Convention/Trade Show & Governance Meetings

2017 Convention Logo.jpg

Next week are Florida Realtors® 101st Annual Convention/Trade Expo & Governance Meetings in Orlando. The convention schedule changed this year to encourage more attendance in the educational sessions by combining them into Wednesday and Thursday and pushing the Governance meetings into Friday, Saturday, and Sunday.

Though that shortens the number of days away for some, many of the leadership team will be there for six days. Thankfully today’s technology allows business to continue from any location and having a great team back at the office, ensures it.

Tuesday, SanibelSusan will be sitting on one of the Instructors’ Audition Panels. That is where about 40 state Professional Development Committee members will hear instructors hoping to be approved to teach Florida Realtors®-approved classes. Those trying out could be 1st time instructors or already-approved teachers wanting to expand their curriculum. It’s an all-day event, with four audition panels each hearing eight presentations. My panel will rate teachers for the Realtors Institute as well as some teaching sales contract basics, international real estate, pricing in a competitive market, and continuing education classes. I have served on these panels many times and it’s always a long, but fun and productive day.

Wednesday/Thursday I will serve as an Education Ambassador during some educational sessions. Then, when the state governance committees meet Friday, you will find me at the Legislative Think Tank, followed by the Resort/2nd Home Group.

On Saturday, the Professional Development Committee meets and our District Caucus from Southwest Florida shares their input from their various committee meetings in preparation for the upcoming Board of Directors Meeting.  Sunday morning I am honored to be one of the Sanibel & Captiva Association’s two voting members at the BOD meeting.

No convention is all work, so many Realtors® including me, also are looking forward to hearing the opening session speaker, Daymond John (of “SharkTank” fame) on “Branding & Entrepreneurial Strategies”. The closing session speaker is George Blankenship (former executive at Tesla, Apple, & The Gap) who will talk about “The Customer Experience”.

In between, there is an Awards Luncheon with performers from Cirque Dreams and a few events for PAC major investors, including a luncheon with speech by Jimmy Patronis, Florida’s new Chief Financial Officer. Did I mention the evening Tailgate Party and fun with Party on the Moon (American’s #1 Dance Band)?

Seriously, lots of work gets accomplished, the networking is terrific, and even though this annual event is always in the “off season”, our listings usually get an offer while I’m away. The SanibelSusan Team and I are hoping this year is no exception. Teammates David, Elise, and Lisa will be covering things on the island, while I will have all of my techno-gadgets with me.

Sanibel-Captiva Islands Association of Realtors

Sanibel realtors logoThough yesterday’s biweekly Caravan Meeting was well attended, there sure was not much announced. Our new listing at Captains Walk was the only property on the following Open House Caravan.

Our new listing at Spanish Cay was one of the few new listings announced and I also recognized Realtor® Anna Turner for selling our listing in Lake Murex that closed this week.

It also was a great opportunity to thank the Association’s generous and hard-working colleagues for their support in the many charitable projects our Communications and Public Relations Committee has spearheaded this summer. If you read the local papers or follow us on Facebook, you’ve probably seen our latest press release with photos.

The action posted this week in the Sanibel & Captiva Islands Multiple Listing Service is after a few news items below.

SCCF “Stormy Weather, Hurricanes, Waterspouts, & Lightning”

SCCF logoIf you are on-island next week, on August 14, SCCF’s Education Director Kristie Anders will explain how weather impacts Southwest Florida. Her “stormy weather, hurricanes, waterspouts, and lightning” presentation originally designed for Realtors® to help with hurricane preparation, has evolved into more about the science behind these storms. Be at SCCF’s Nature Center on Mon at 10 a.m. to hear her presentation.

Sanibel Communities for Clean Water (SCCW) Program

logo-v2As reported in the “Island Sun” this week, “Last month, the City of Sanibel officially launched a new interactive website created for the Sanibel Communities for Clean Water (SCCW) Program, established to educate island residents about water quality in their individual communities and provide science-based solutions to how to cost-effectively improve water quality.

“The idea of the SCCW program, which was based off the data gathered during the Sanibel Community Lakes Baseline Water Quality Study, was conceived by the City’s Natural Resources Department working in partnership with the SCCF Marine Lab. Five weeks ago, the website – www.sanibelcleanwater.org – went live.

“According to Dana Dettmar, the City’s Environmental Specialist who oversaw the development of the website, the Sanibel Community Lakes Baseline Water Quality Study was part of Phase 3 of the City’s Comprehensive Nutrient Management Plan (CNMP) to help identify nutrient hotspots o Sanibel.

“”The first two phases of the CNMP helped to point out gaps in the data that needed to be addressed,” said Dettmar. “One of the gaps that needed to be further explored was the surface water data of on-island freshwater lakes, ponds, and storm-water catchments.”

“On the website’s homepage, it explains that eutrophication – the excessive richness of nutrients in a lake or other body of water, frequently caused by runoff from the land – is both a local and global issue.

“”Your impact on the island’s water quality begins in your backyard,” the website states. “Activities like fertilizing your lawn adds excess nutrients, nitrogen and phosphorus, to storm-water runoff and groundwater. These nutrients can then enter lakes, ponds canals, the Sanibel Slough and the Gulf.”

“As excess nutrients accumulate in the ecosystem, they can cause an unnatural increase in nutrient concentrations. Excess nutrients stimulate the growth of algae and aquatic nuisance plants. As a result, water clarity is decreased, availability of oxygen to aquatic organisms is limited, and fish die in large numbers.

“Website users simply select their individual neighborhood, which then directs them to that community’s own page. Each of Sanibel’s 72 neighborhoods (with lakes, ponds, etc.) is ranked by the level of concern, with an accompanying data summary of information…. The page also offers recommended actions…. The Natural Resources Department is also planning to hold community lake management workshops this fall and winter to discuss the program and various… practices that can be implemented to improve water quality….”

4 Quick Fixes Sellers Should Avoid

House logic logoA few helpful tips in the “Daily Real Estate News” reported at Realtor®Mag on-line on August 2, 2017.

“It’s often a mad dash when sellers are working to get their home on the market or even to just clean up ahead of a showing. But some common cleanup tools can actually do more damage than many people realize. HouseLogic identified a few common products that can create big problems, so you can be the expert your clients need and help them protect their investments.

“1. Bleach is a common cure-all, but this caustic chemical can eat through the sealant on stone surfaces, discolor laminate and grout, fade enamel and acrylic tubs, dissolve linoleum, and corrode seals in a garbage disposal. While it does kill mold on nonporous surfaces, it can create a future feeding ground for mold on absorbent and porous materials, such as grout. Instead, advise clients to use water and vinegar or a commercial antifungal product for major cleanup jobs.

“2. It may seem obvious to note that glass cleaner is for glass, but many home owners use it for a multitude of surfaces. This can lead to what’s known as “black edge” on mirrors, where the liquid seeps beneath the reflective backing and lifts it. Instead, a lint-free microfiber cloth dampened with warm water does wonders to clean and protect mirrors in expensive installed items such as vanities and closet doors, as long as homeowners avoid the edges and dry immediately with a second cloth.

“3. Mulch offers a simple alternative to weeding, but it’s easy to overdo it. A layer thicker than 3” can suffocate plants and prevent water from reaching roots, so encourage homeowners to spread thoughtfully.

“4. Slow drains are an annoyance, but a busted pipe could derail your sale. Caution sellers against using drain cleaners that contain hydrochloric acid and sulfuric acid, which can erode plumbing. Even the old baking soda-and-vinegar medley can create cracks, as the chemical reaction causes a build-up of pressure. Old-fashioned “mechanical” methods—plungers, drain snakes, or a handy $2 gadget called the Zip-It—are safer and more effective, according to Consumer Reports.”

Sanibel & Captiva Islands Multiple Listing Service sancap GO MLS logoActivity August 4-11, 2017

Sanibel

CONDOS

5 new listings: Captains Walk #B2 1/1 $274K (our listing) photos below, Sanibel Arms West #G8 2/2 $499K, Sandpiper Beach #501 2/2 $695K, Lighthouse Point #327 3/2 $849K, Sanibel Moorings #1221 3/2.5 $1.195M.

No price changes:

1 new sale: Blind Pass #B105 2/2 listed at $464.9K.

No closed sales.

HOMES

2 new listings: 1327 Tahiti Dr 2/2 $634.5K, 1314 Par View Dr 3/2 $899K.

6 price changes: 9459 Begonia Ct ¾ now $639K, 1550 Bunting Ln 2/2.5 now $644K, 3784 Coquina Dr 3/3 now $649.9K, 1807 Buckthorn Ln 3/2 now $685K, 1672 Hibiscus 3/2 now $1,249,995, 1743 Venus Dr 4/3.5 now $1.675M.

4 new sales: 9113 Mockingbird Dr 3/3.5 listed at $599,999, 587 Sea Oats Dr 3/2 listed at $685K, 732 Windlass Way 4/3.5 listed at $1.195M, 750 Periwinkle Way 5/4 listed at $1.75M..

6 closed sales: 1212 Par View Dr 2/2 $515K, 376 Lake Murex Blvd 3/2 $525K, 1918 Ibis Ln 3/3 $610K, 625 Lake Murex Cir 3/2.5 $640K (our listing), 5056 Joewood Dr. 3/2 $718K, 6494 San-Cap Rd 3/2 $1.68M.

LOTS

1 new listing: 1340 Eagle Run $299K.

1 price change: 5251 Indian Ct now $744K.

No new sales & no closed sales.

Captiva

CONDOS

1 new listing: Marina Villas #601 2/2 $785K

No price changes.

1 new sale: Lands End Village #1614 3/3 listed at $2.575M. No closed sales.

HOMES

No new listings, price changes or new sales.

1 closed sale: 14980 Binder Dr 4/3 $1.05M.

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.)

Until next Friday, I hope you enjoy your weekend!

Susan Andrews, aka SanibelSusan

2017-08-07 beach nest

Yippee! New Listings at SanibelSusan Realty

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Sunset2

Sanibel sunset courtesy of Jim Anderson at JMA Photography.

SanibelSusan here reporting another sunny Friday on Sanibel, though we sure had plenty of rain earlier in the week when Tropical Storm Emily passed over the islands. Since Wednesday afternoon, it’s been mostly bright and hot – finally true Florida summer weather. It sure seems like it flew by this year.

Beginning soon many local establishments will close temporarily for their annual deep-cleans, employee vacations, remodeling, etc. In the meantime, those here are enjoying meals out without a wait and very little traffic.

At SanibelSusan Realty

Sanibelsusan LogoA SanibelSusan Realty we were happy to receive a new listing this morning and another this afternoon. (My apologies for posting this blog so late today, but we must keep that new business coming.)

Following a couple of news items below is the action posted in the Sanibel & Captiva Multiple Listing Service since last Friday. One of our new listing made the summary, the other will be inputted tomorrow after photographs are taken.

Sanibel & Captiva Islands Association of Realtors®

This year, as part of the Association’s 2017 campaign – “Working Together to Make a Difference”, from May through November, the Communications and Public Relations Committee has spearheaded several projects to aid local charities. Participation has increased with each one.

Last Friday, our food-packing event for Meals of Hope was a great success. With a few last-minute donations to defray cost of food and supplies, 28,800 meals were packed in less than the expected two hours. Many thanks to all contributors and 90+ packing volunteers, including association Realtors® and business partners, their families, friends, and neighbors, and especially to my committee members for their support.

It was a great exercise in team building with a purpose – certainly an afternoon to remember. Press releases have been submitted and plenty of photos are posted on Facebook highlighting the event. Thanks to photographer Jim Anderson, JMA Photography, for providing proof that no one looks good in a hair net.

Yesterday, culminating our other July project, collecting items for Bedz for Kidz, program founder Realtor® Cynthia Shafer came to the island to pick up the many twin and crib sheets, and backpacks and small suitcases donated by Association members. Bedz for Kidz is well on its way to providing 3,000 beds for children that are moved by the local court system into safer homes. For 16+years, Cynthia and her husband John have spent their Saturdays delivering, installing, and equipping beds for these needy children and their families. They are an inspiration! Big thank you to all Association of Realtors® contributors. Below is a picture of some of us with the donations and Cynthia.

Bedz4Kidz08-03-17

Want to See the Largest Junonia?junonia shell

As reported in today’s “Island Sun”:

“…The world’s largest recorded junonia – a specimen measuring nearly 6” in length – calls the island home. ”Everybody who comes to Sanibel would love to find a junonia, or even see one,” said Larry Strange, owner of Sanibel Seashell Industries, who recently acquired the record-setting shell.

“According to the “Registry of World Record Size Shells”, the largest junonia ever recorded – a Scaphella junonia measuring 154.0 cm – was collected in the Gulf of Mexico by The Hansbys in 1972. That shell became part of a collection owned by a mollusk enthusiast in Jacksonville, FL.

“Strange, a marine biologist and retired educator, was contacted by the son of the junonia’s owner, who asked if he would be interested in purchasing his father’s massive shell collection.

“”I had read about his record junonia, and I asked (the son) if it was still part of the collection,” said Strange, who eventually purchased the museum-quality assortment. “His father got the shell from a fisherman working on a shrimp trawler, who obtain a lot of junonias because they’re out in waters 40 to 80 feet.”

“However, junonias are rather uncommon to find washed up on the shorelines of Sanibel, so they are highly revered by both amateur and serious shell enthusiasts.

“In the three weeks since the giant junonia has been on display at the family-run business, Strange noted that people are coming into the store just to see the record-setting shell. “People are walking in and ask just to see it, or take a photo with it,” he said, noting that the shell is encased under a glass dome inside the main display case of the store, located at 1544 Periwinkle Way….

“All are welcome to stop by Sanibel Shell Industries and see the world’s largest junonia in person. The business – which originally opened in 1942 – is open Monday through Saturday from 10 a.m. to 5 p.m. Call 472-1603 or visit www.seashells.com for more information.”

Sellers Net Highest Profit in a Decade

This headline caught my eye, posted online July 31, 3017 at “Realtor®Mag”:

attom logo“Home sellers in the 2nd quarter of this year sold their properties for an average $51,000 more than they paid for them when they bought them. That’s the highest price gain for sellers since the second quarter of 2007, when it was $57,000, according to a new report by real estate data form ATTOM Data Solutions. This represents an average return on investment of 26%.

“The sellers had owned their homes an average of eight years, which is the longest tenure of homeownership since the first quarter of 2000, when ATTOM Data Solutions began tracking such data. However, “potential home sellers in today’s market are caught in a Catch-22,” says Daren Blomquist, senior vice president at ATTOM Data Solutions. “While it’s the most profitable time to sell in a decade, it’s also extremely difficult to find another home to purchase, which is helping to keep homeowners in their homes longer before selling. And the market is becoming even more competitive, with the share of cash buyers in the second quarter increasing annually for the first time in four years.”

“Out of 118 metro areas with at least 1,000 homes sales in the second quarter, ATTOM Data Solutions found that these cities had the highest percentage of sales in which sellers got top dollar:

  • San Jose, Calif.: 75%
  • San Francisco: 65%
  • Seattle: 63%
  • Modesto, Calif.: 62%
  • Denver: 62%”

Sanibel & Captiva Islands Multiple Listing Service Activity July 28 – August 4, 2017

sancap GO MLS logoSanibel

CONDOS

5 new listings: Spanish Cay #A7 1/1 $299K (our listing) (photos below), Seashells #44 2/2 $339K, Sundial West #H409 1/1 $489K, Sundial West #G204 2/2 $699K, Bandy Beach #A101 3/2 $1.399M.

1 price change: Tarpon Beach #103 2/2 now $749K.

2 new sales: Blind Pass #F106 2/2 listed at $409K, Sand Pointe #113 2/2 listed at $719K.

5 closed sales: Mariner Pointe #1412 1/1 $325K, Shorewood #2D 3/2 $972.5K, Sanibel Seaview 3B2 3/3 $1.445M, High Tide #A102 3/2.5 $1.425M, High Tide #A302 3/2 $1.5M.

HOMES

1 new listing: 813 Rabbit Rd 2/2 $449K.

3 price changes: 673 East Rocks 3/2 now $729,888; 655 Anchor Dr 3/3 now $749K; 1656 Middle Gulf Dr 3/4 now $1.099M.

2 new sales: 3364 Twin Lakes Ln 3/2 listed at $699K, 931 S. Yachtsman Dr 4/3.5 listed at $870K.

2 closed sales: 9409 Moonlight Dr 3/2.5 $599K, 518 N. Yachtsman Dr 3/3 $1.248M.

LOTS

No new listings.

2 price changes: 1026 Fish Crow Rd now $395K, 5821 Pine Tree Dr now $556K.

No new sales.

3 closed sales: 540 East Lake Rd $162.5K, 9023 Mockingbird Dr $380K, 2479 Harbour Ln $485K.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Tennis Villas #3118 1/1 listed at $255.5K, Beach Villas #2514 2/2 listed at $609K.

1 closed sale: Sunset Beach Villas #2325 2/2 $557K.

HOMES

Nothing to report.

LOTS

1 new listing: 956 Plantation Rd $2.195M.

No price changes, new, or 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.)

Until next Friday, Susan Andrews, aka SanibelSusan

TweekedLowSunset