Again, this week, SanibelSusan reports cooler temperatures (into the 60’s a couple of nights) and busier roadways. Both, indications that the Thanksgiving holiday is fast approaching. Also, there has been a noticeable increase in both on- and off-island traffic. From the bike paths, it looks like more families arrived early and are enjoying an extended holiday.
Sanibel & Captiva Islands Association of Realtors® November Membership Meeting
Looking at median prices of sold homes, his slides went all the way back to 2011, as that is when the country was easing out of the recession. That slide showed the gradual increase progression year-after- year right up until December 2020 when the big surge began. Today, the median home sale price in Lee County is nearly 3-1/2 times what it was in 2011. That same increase applies statewide.
Following “move” trends into Florida, he said the most recorded influxes into Florida came from cities out west, mostly in California, plus New York City. The majority by far, coming from New York City, most Manhattan, Brooklyn, and Nassau County.
As he was talking, I thought back to where SanibelSusan Team buyers have come from in 2021. Several are from New York, a couple are from Florida’s east coast, but plenty of other states were represented too, including Delaware, Illinois, Indiana, Iowa, Kentucky, New Jersey, Ohio, Pennsylvania, South Carolina, and Wisconsin. The majority came from the midWest, with several buyers from Sanibel too. Noticeably absent were the out-of-country buyers. Some of those folks are returning now for the first time in a couple of years, some becoming sellers.
In summary, Dr. O’Connor does not think that another recession is on the horizon, nor does he think that inflation and prices will continue to accelerate at the same rate experienced earlier this year. SanibelSusan projects that until island supply and demand normalize, Sanibel and Captiva could be in for continued real estate craziness. Stay tuned.
At SanibelSusan Realty This Week
On the listing side of things, teammate Dave held Open Houses at Sealoft Village and I had a listing presentation at Donax Village that resulted in a nice new listing there. With drizzly rain yesterday and today’s forecast iffy, professional photography is not scheduled until tomorrow – when we hope the sky is blue. That new listing will be posted in MLS as soon as we get those pix.
Next Friday, the team is off for an extended holiday, but I will be in the office, and blogging right on time. We are grateful for additional business this year. It was one for the record books!
Upcoming Events
Sanibel & Captiva Islands Multiple Listing Service Activity November 12-19, 2021
CONDOS
5 new listings: Donax Village #10 1/2 $539K, Donax Village #17 2/2 $719K, Sunset South #11C 2/2 $1.149M, Sandalfoot #5A2 2/2 $1.275M, Sedgemoor #205 3/3.5 $4.295M.
2 price changes: Nutmeg Village #308 2/2 now $1.2499M, Tarpon Beach #110 2/2 now $1.35M.
3 new sales: Sundial #C305 1/1 listed at $549,945; Blind Pass #E103 3/3 listed at $775K; Sundial #L402 3/2 listed at $1.379M.
6 closed sales: Spanish Cay #F4 2/2 $571K, Pointe Santo #C44 1/1 $640K, Ibis at The Sanctuary #B301 2/2 $656K, Mariner Pointe #141 2/2 $672.5K, Mariner Pointe #1061 2/2 $725K (our listing), Villa Sanibel #3A 2/2 $817K.
HOMES
2 new listings: 6429 Pine Ave 3/2 $869K, 1410 Sanderling Cir 3/2 $1.2M.
No price changes.
7 new sales: 1667 Atlanta Plaza Dr 2/1.5 listed at $650K, 534 Piedmont Rd 3/2.5 listed at $675K, 2138 Egret Cir 3/2 half-duplex listed at $729K, 543 Boulder Dr 3/2 listed at $1.265M, 4077 Coquina Dr 3/2 listed at $1.299M, 2391 Wulfert Rd 4/5 listed at $2.395M, 2444 Harbour Ln 4/3.5 listed at $2.695M.
4 closed sales: 5853 Pine Tree Dr 2/2 $775K, 1434 Sand Castle Rd 3/2 $912K, 1114 Harbor Cottage Ct 3/2 $1.895M, 682 Pyrula Ave 5/4.5 $2.015M.
LOTS
No new listings or price changes.
2 new sales: 2348 Wulfert Rd listed at $329K, 6000 White Heron Ln listed at $850K.
2 closed sales: 1894 Farm Trl $182K (our listing & sale), 1219 Par View Dr $410K.
Captiva
CONDOS
No new listings or price changes.
2 new sales: Bayside Villas #5320 3/3 listed at $950K, Marina Villas #706 2/2 listed at $950K.
1 closed sale: Beach Villas #2638 3/3 $1.4M.
HOMES
1 new listing: 16897 Captiva Dr 5/5.5 $4.989M.
No price changes, new or closed sales.
LOTS
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.
Enjoy your Thanksgiving!
Susan Andrews, aka SanibelSusan