On normally-sunny Sanibel, this week has been one with several “off & on” showers from the storm developing north of us in the Gulf. Thankfully, most have been short-lived, though some arrived quickly.
We had a doozy yesterday, where suddenly it poured on Periwinkle in front of the office, with barely a drizzle in our back parking lot. Minutes later, it was over. Photo below from the gulf beach right after one of the passing storms.
The good news is the bunnies are happy with plenty of bright green juicy vegetation to munch, the windsurfers and kite-boarders enjoyed the storm-fueled breezes, and the shops and restaurants parking lots have been packed when the usual beach-goers are looking for other things to do.
Now we are thinking of those in the north central Gulf Coast area where Tropical Storm Barry is making landfall. May it dissipate quickly.
SanibelSusan Realty Associates
The SanibelSusan Team is thankful to report a two-closing week and recognize that sometimes “it takes a village”. The crew at Barrier Island Title and their remote notary went above and beyond in providing the services needed for today’s closing. Kudos to them, my teammates, and Realtor Kerri Maw at Pfeifer Realty for their hard work in getting another SanibelSusan listing sold. Thanks also to Evan DuPont with John Naumann & Associates for bringing the buyer for our mid-week closing, also with Barrier Island Title. Some are easy, others challenging! We are grateful for them all.
Congratulations also to teammate, Dave, for a new off-island listing today.
The activity on the islands this week posted in the Sanibel & Captiva Islands Multiple Listing Service follows a few news items below. Just one Sanibel condo and one Sanibel home went under contract, no new sales on Captiva.
Sanibel & Captiva Islands Association of Realtors®
During the off-season is when the Association makes good use of the downtime and holds some of its community service events.
- “Love That Dress” Donations – Through the month of July, the Association is serving as a drop-off point for donations for the upcoming “Love That Dress” event which is an annual shopping spree to benefit the PACE Center for Girls of Lee County. If you have any new or gently-loved dresses, shoes, handbags, or accessories, please drop them off this month at the Association Office at 2353 Periwinkle Way, Suite 201 which is the 2nd floor over Finnimore’s Cycle Shop in the Winds Shopping Center. (Or give me a call, and I’ll pick them up.) The actual “Love That Dress” event will be held August 21 at Embassy Suites – Fort Myers/Estero. Tickets go on sale August 1.
- “Meals of Hope” Food Packing – This year will be the Association’s third Meals-of-Hope food-packing event. This time, on Friday, August 2 from 2 to 5 p.m. Our goal is to raise $5,000 for the supplies and then pack 20,000+meals that are later distributed to local food banks. Let me know if you want to join us or make a donation (checks made out to Meals-of-Hope). The meal packing is assembly-line-style, fast and fun. Again, thanks to The Sanibel Community Church for allowing us to hold the event in their Fellowship Hall. (It’s just impossible to get the supplies and equipment needed into our Association’s 2nd floor spaces.)
- “Captains for Clean Water” Benefit – Then the next afternoon on Saturday, August 3, the Association is hosting its 2019 Corn-Hole Tournament to benefit Captains for Clean Water. Association members and spouses from our district (Marco Island, Bonita, Fort Myers & the Beach, Cape Coral, and Sanibel-Captiva) will come together for a few hours of comradery and fun at Marlins Brewhouse. Here’s hoping that Sanibel-Captiva players come out ahead of our standings in the district softball and bowling tournaments.
Our local MLS Committee is working hard in preparation for the conversion to our new Multiple Listing Service in mid-August. Though we tend to get comfortable with old familiar systems, this new one has many new exciting features and will be more-user friendly for both MLS members and the public. The SanibelSusan Team is all signed up for their upcoming training, while as a member of the original task force reviewing system, I get access to the beta version next week.
Pricing a Listing?
Interesting tag line on an article in the Florida Realtors® July 2019 issue. It says: “Use the “Just Below” Pricing Strategy… you’ll get on average 2% more for your home than those who price it too high or just right. Journal of Real Estate Finance and Economics”.
Be Nice to Grandma
“First-time buyers have not fully returned to the market. So far in 2019, they’ve accounted for only 31% of all home sales, well below the historic market share of around 40%. That’s why home sales are still running at an annualized pace of 5 million, essentially unchanged since the year 2000 even though the U.S. population has grown by 45 million and the number of households by 20 million.
“Though affordability has been hurt in recent years by fast-rising home prices, it takes a smaller share of monthly income to own these days then it did two decades ago, when 30-year mortgage rates were in the 8% range.
“There are several reasons first-time buyers are struggling to get in the market. Student debt has tripled over the past decade, starter home listings are in short supply because home-builders have focused on expensive homes; many affordably priced condos are not FHA-certified; and credit score requirements to obtain a mortgage are tighter than historic norms.
“As the National Association of REALTORS® works to ensure access to mortgage credit for all qualified Americans, individuals can position themselves for home-ownership. For example, military veterans continue to benefit from the loan guaranty program that started 75 years ago. For some in college today, a “gap year” of military service or any full-time job can reduce their student debt.
“Then there’s family, NAR research shows that a third of recent first-time buyers received down payment assistance from family members, and that share is likely to grow. Many of those that lived through the Great Depression, or heard their parents’ survival stories, have benefited from decades of careful wealth accumulation. The average net worth of those aged 75 and over stands at $264,800. The lesson for millennials: Be nice to grandma and grandpa. They just might offer the boost the next generation needs to become homeowners.”
LCEC Info About Solar Power Systems
“A little more than 730 LCEC cusomers have installed solar power systems at their home or business. The benefit of these systems is that panels convert solar energy into electric energy. Although users rely on the electric grid during evening and less-sunny periods, they may reduce their electric bill. And the good news is that all LCEC customers are using solar power in one way or another since LCEC delivers power from FPL, the largest generator of solar energy in Florida.
“There are safety considerations that should be examined when installing solar power systems. Prior to purchasing the system, contact a licensed qualified electrician to ensure your electrical system can support the technology. Before net metering or putting power back on the grid, LCEC must be notified and an application process must be completed. This keeps electric workers and neighbors safe and ensures property credit for shared power.
“Once installed, solar power system may present unique challenges for first responders and firefighters, so it is important to notify local officials about the type of panels that have been installed. This will help to protect firefighters and minimize damage to the building if a fire occurs.”
Call Before You Dig, 811
“Did you know that homeowners are required by law to call 811 or report online to sunshine811.com two FULL days before digging in any easement, right-of-way, or permitted-use area? The information reported is used to compare the desired digging site to the location of any underground utilities in the area. The area will either be declared clear or will be appropriately marked for any underground lines. Not only does unsafe digging pose a rich to underground lines, it is extremely dangerous causing injuries and deaths around the world annually.” (also from the June “LCEC News”)
- Acquisition of Wulfert Bayous – You may have seen the sign on San-Cap Road near the entrance to The Sanctuary where the “Ding” Darling Wildlife Society has been trying to raise $3 million in private donations to complete the $9.5 million acquisition of Wulfert Bayous, the last large parcel of unprotected and undeveloped land on Sanibel. This week, they announced that their donations goal was reached. But as they await the Lee County Commissioners’ August decision to approve $6.5 million to complete the acquisition, they are continuing to accept donations in case the 20/20 funds don’t all come through. If they do receive the full $6.5 million, extra funding will be applied to a restoration project to remove invasive vegetation from the tract and create improved habitat for wading birds. Click HERE to watch their video about the Wulfert Bayous’ preservation campaign.
- Tues, July 16 – World Snake Day – Join the J.N. “Ding” Darling National Wildlife Refuge in celebrating World Snake Day with lots of fun events at the refuge:
- 9 a.m. to 10 a.m. – free guided Indigo Trail Walk (meet at the flagpole at Refuge entrance)
- 11 to 11:30 a.m. – Snake lesson in the Education Classroom
- 12 p.m. – Movie “Invasion of the Giant Pythons in Auditorium B (60 minutes)
- 12 to 2 p.m. – Snake crafts in the Education Classroom
- 2:30 to 3 p.m. – Snake lesson in the Education Classroom.
The Community House Shellcrafters
On TV this week, ABC News 7 reporter Kristen Clark on Monday covered everything you need to know about Shellcrafters and the different creations they make – flowers, animals, jewelry – all from shells found on the beaches of Sanibel and Captiva. Shellcrafters meet at The Community House every Monday year-‘round (except major holidays). Class starts at 10 a.m. with doors open to view and purchase creations until 1 p.m. All ages are welcome, though children must be accompanied by a parent or guardian. No reservation required.
Here are links to the TV segments:
I hate to admit that I have eaten out three times this week, but since our restaurants always appreciate additional business from locals in the summer, I would be remiss if I didn’t recommend the three restaurants that created the following meals. Thanks also to my friend, Sheila, vacationing on Captiva.
On Wednesday night, we had dinner at Malia Island Fusion Cuisine. I saw three other tables of locals too. That night, I enjoyed this dish “Diver Scallop & Shrimp Curry”.
Not wanting to miss out on a meal with Christian and Mari at Bleu Rendez-Vous French Bistro before they close for their summer vacation, last night my dinner there was this yummy dish called “Filet – Frites”, the onion soup gratinee first, and the creme brulee after were equally yummy. Bleu Rendez-Vous will be back open in October. It’s definitely worth the wait.
Then today after our closing, teammate Dave and I stopped for lunch at T2, bringing back lunch for teammate Elise. I’m a huge fan of their spinach salad (which is even better with blackened shrimp), but today I tried their shrimp tacos. It is another winner.
The service at all three restaurants was outstanding. It really is hard to go wrong dining anywhere on Sanibel or Captiva, but this week Malia, Bleu Rendez-Vous, and T2 all get a special thumbs up from SanibelSusan. Now I need to walk a few thousand extra steps over the weekend.
Sanibel & Captiva Islands Multiple Listing Service Activity July 5-12, 2019
2 new listings: Snug Harbor #312 3/2 $658K, Sanddollar #C202 3/2 $1.3M.
1 price change: Sunset South #6B 2/2 now $591.5K.
1 new sale: Plantation Village #312 3/2.5 listed at $1.49M.
1 closed sale: Spanish Cay #B4 2/2 $379K.
1 new listing: 1717 Sand Pebble Way 3/2 $649K.
9 price changes: 1401 Sandpiper Cir 3/2.5 half-duplex now $519.9K, 1585 Bunting Ln 3.2 now $569K, 9406 Beverly Ln 3/2 now $599K, 9448 Begonia Ct 3/2.5 now $649K (our listing), 1586 Century Ct 3/2.5 now $665K, 1978 Roseate Ln 3/2 now $735K, 1244 Par View Dr 4/3 now $900K, 2441 Shop Rd 4/3.5 now $924K, 1206 Bay Dr 4/4.5 now $3.474M.
1 new sale: 1550 Centre St 3/2 listed at $599K.
7 closed sales: 398 Old Trail Rd 3/3 $485K, 1827 Middle Gulf Dr 2/2 $530K, 1555 Sand Castle Rd 3/2 $650K, 686 East Rocks Dr 3/2 $766.4K, 510 Sea Oats Dr 3/2.5 $940K, 1838 Buckthorn Ln 3/2 $1.177M, 1351 Middle Gulf Dr, #2C 3/3 half-duplex $1.35M (our listing).
1 new listing: 5627 Baltusrol Ct $375K.
1 price change: 2133 Starfish Ln now $404K.
No new sales.
1 closed sale: 9270 Kincaid Ct $138K (our listing).
1 new listing: Lands End Village #1633 2/2 $1.439M.
1 price change: Captiva Hide-A-Way #2D 2/2 now $900K.
No new or closed sales.
No new listings.
2 price changes: 15831 Captiva Dr 2/2.5 now $3.7M, 15819 Captiva Dr 5/5 now $9.4M.
No new or closed sales.
Nothing to report.
This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.
Until next Friday, wishing you a rain-free weekend and happy days!
Susan Andrews, aka SanibelSusan