It’s SanibelSusan reporting that as the weatherman promised last week, a little island-style winter weather arrived here Wednesday night. Daytime temperatures have only been in the 60’s since then. Bright blue skies are the norm with more of the same expected tomorrow. Forecasts say it will be back into the 70’s by Sunday and probably 80 by the middle of the week. Gotta love winters on Sanibel & Captiva Islands!
Particularly when the sun is out, traffic is up and continues to cause some grumbling. A city internet alert went out early Monday afternoon after they received notice that more than 6,000 vehicles had already crossed the causeway that morning. That many vehicles added to the February vacationers and snowbirds already here meant for slow going Monday night. Surprisingly, though by the next morning when it instead was a little overcast, Periwinkle was moving smoothly.
So, the team continues to be flexible and patient, thankful that we are here instead of maneuvering snow and ice, and hopeful that some of these visitors have buying real estate in mind.
Will Corona Virus Effect on the Stock Market, Affect Real Estate Sales?
Although I heard this morning that a buyer elsewhere in Florida backed out of a deal because of the stock market drop, the effect here I expect will be just another short-term blip, like it being an election year. Sure, there may be some who will use it as an excuse not to buy, but if they do, I bet they will be sorry. Sanibel and Captiva continue to be areas where it makes sense to invest. It’s not just because of the warm weather and island ambience. It’s because it’s real estate, the key word here being “real”.
Here is an update of Sanibel and Captiva inventory today. Changes in inventory result in changes in prices. There were plenty of changes this week. It is a great time to buy real estate on both islands – plenty of choices, many well priced. Today’s snapshots below. The highlighted lines include actual sale price averages.
|#||Avg Price $||#||Avg Price $||#||Avg Price $|
|Closed Thru 2/28/2020||27||632,895||31||1,008,463||2||1,434, 333|
|Closed in 2019||127||694,392||211||949,790||15||372,200|
|#||Avg Price $||#||Avg Price $||#||Avg Price $|
|Closed Thru 2/28/2020||5||688,800||5||2,863,600||0||N/A|
|Closed in 2019||29||1,037,077||17||2,737,503||1||1,375,000|
Thursday Morning Realtor Caravan Meeting & Real Estate Scoop
With average attendance at the Association of Realtors® Caravan meeting yesterday, again there were no sales announced until teammate Dave from The SanibelSusan Team was recognized for putting Mariner Pointe #421 under contract.
In the new listing announcements, I provided attendees with info on our new listing at White Sands #23, including the opportunity to preview/show tomorrow during tenant turn-over, and also our new commercial listing of condo office space at Santiva Plaza just off island on McGregor Blvd (photo below).
Under price reductions, the change at Gulfside Place #222, including how easy it is to show, was met with favorable response.
The action posted in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.
40th Annual Sanibel-Captiva Kiwanis Spaghetti Dinner – is tomorrow night (Sat Feb 29) with Italian feast from 4 until 7:30 p.m. followed by live and silent auctions, raffles, and music. Proceeds to support education and recreation programs for island youth. SanibelSusan and Realtor®/pal Mary Lou will be there supporting this fundraiser for the umpteenth year. It’s an island tradition.
83rd Annual Sanibel Shell Festival – is next week, March 5, 6, & 7 at The Community House. Hours are 9 a.m. to 5 p.m. both Thurs and Fri, and 9 a.m. to 4 p.m. Sat.
6th Annual Southern Comfort on Sanibel – is April 3 from 6 until 9 p.m. at The Community House with dinner, games, auction, raffle, and more. It’s the end-of-season fundraiser for CROW (Clinic for Rehabilitation of Wildlife). Tickets now available. www.crowclinic.org/articles/fundraising-events.
Protecting Sanibel’s Ability to Regulate Short-Term Rentals
Please join me in responding to the City’s recent news release.
“ADD YOUR VOICE THANKING GOVERNOR DESANTIS’ TO PROTECT OUR CITY’S ABILITY TO REGULATE SHORT-TERM RENTALS – YOUR VOICE IS NEEDED!
“Join Sanibel’s fight to protect the quality of life in our town. Currently, legislation is proceeding quickly through Florida legislators which would limit or totally preempt cities’ ability to regulate short-term rentals in our own community. Governor DeSantis has recently stated that he believes this legislation, if adopted, “micromanages vacation rentals.”
“Click here for background materials.
“Click here to email Governor DeSantis directly to thank him for his position to protect Sanibel’s home rule and the right of Florida cities to self-govern.”
Sanibel & Captiva Islands Multiple Listing Service Activity February 21-28, 2020
6 new listings: Seashells #3 2/2 $469.5K, Sundial #H208 1/1 $485K, Island Beach Club #310A 2/2 $729K, Gulf Beach #106 2/2 $882K, High Tide #A301 3/2 $1.989M, Plantation Village #322 3/3 $2.795M.
8 price changes: Compass Point #221 2/2 now $639,999; Sand Pointe #111 2/2 now $679K; Heron at The Sanctuary II #2B 3/3.5 now $769K; Sanctuary Golf Villages I #1-4 3/3 now $819K; Gulf Beach #107 2/2 now $879K; Beachcomber #D101 2/2 now $999.5K; Gulfside Place #214 2/2 now $1.28M; Tigua Cay #485 3/3.5 now $2.195M.
9 new sales: Tennisplace #B24 2/1.5 listed at $339K, Casa Blanca #4 1/1 listed at $360K, Casa Blanca #6 1/1 listed at $363K, Spanish Cay #F8 2/2 listed at $379K, Sandpebble #2F 2/2 listed at $439K, Loggerhead Cay #324 2/2 listed at $569K, Mariner Pointe #421 2/2.5 listed at $599.9K (our buyer) (view from MLS photo below), Seascape #304 3/3 listed at $1.2499M, La Playa #3B 3/2 listed at $1.595M.
7 closed sales: Mariner Pointe #1051 2/2 $460K, Sanibel Arms #2F 1/1 $485K, Mariner Pointe #721 2/2 $514K, Sanibel Moorings #311 2/2 $565K, Loggerhead Cay #553 2/2 $633K, Island Beach Club #220B 2/2 $685K, Sandpiper Beach #203 2/2 $699K.
8 new listings: 857 Rabbit Rd 1/1 $489K, 2186 Egret Cir 3/2 $549K, 766 Donax St 4/2 duplex $599K, 2984 Island Inn Rd 3/2 $849K, 9024 Mockingbird Dr 3/2 $869K, 501 Lagoon Dr 3/2 $879K, 345 Cowry Ct 3/4.5 $900K, 4739 Ruelle 4/3 $995K.
16 price changes: 3947 Coquina Dr 2/2 now $569K, 2065 Wild Lime Dr 3/2.5 now $629K, 5256 Punta Caloosa Ct 3/2 now $629K, 1567 Sand Castle Rd 3/3 now $685K, 1350 Middle Gulf Dr, #1F 3/3 half-duplex (Moonshadows) now $729K, 500 Sea Oats Dr 3/2 now $739.9K, 1031 Sand Castle Rd 3/3 now $749K, 9128 Mockingbird Dr 3/2 now $760K, 1285 Par View Dr 4/2.5 now $825K, 215 Robinwood Cir 4/3 now $849K, 6176 Henderson Rd 3/2 now $1.125M, 1230 Bay Dr 3/2 now $1.619M, 1018 Dixie beach Blvd 4/5 now $2.25M, 1717 Jewel Box Dr 3/3.5 now $2.295M, 500 Sawgrass Pl 8/8/3 now $2.65M, 4143 West Gulf Dr 3/3.5 $5.1M.
10 new sales: 970 Palm St 3/2 listed at $559K, 743 Windlass Way 3/2 listed at $599K, 678 Durion Ct 3/2 listed at $599K, 970 Black Skimmer Way 2/2 listed at $636K, 2150 Egret Cir 3/2 listed at $678K, 5297 Punta Caloosa Ct 3/2 listed at $689K, 405 Tiree Cir 3/2 listed at $735K, 975 Sand Castle Rd 3/2.5 listed at $789K, 599 Lake Murex Cir 4/3.5 listed at $1.299M, 769 Pyrula Ave 3/3.5 listed at $1.395M.
6 closed sales: 513 Lake Murex Cir 3/2 $660K, 5672 Sanibel-Captiva Dr 3/2 $682K, 1348 Eagle Run Dr 3/3 $949K, 1525 San Carlos Bay Dr 3/2 $1.445M, 1730 Jewel Box Dr 4/3 $1.46M, 228 Violet Dr 4/2/2 $1.699M.
2 new listings: 355 Cowry Ct $350K, 836 Limpet Dr $1.345M.
1 price change: 9345 Dimmick Dr now $328.5K.
No new or closed sales.
2 new listings: Tennis Villas #3212 1/1 $320K, Captiva Shores #1B 3/2.5 $1.899M.
1 price change: Captiva Shores #8B 3/2.5 now $1.199M.
No new or closed sales.
1 new listing: 11504 Wightman Ln 4/3.5 $1.495M.
No price changes, 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.
Happy weekend to all! Susan Andrews, aka SanibelSusan