It’s already another Friday with plenty more action with island real estate this week. After a few news items below is the activity posted in the Sanibel & Captiva Multiple Listing Service.

Sanibel Update

With debris clean-up, piles were disappearing and amounts lessening until the City reminded everyone that the last day it may go onto the right-of-way for pick-up by contractor Crowder Gulf is Monday, Presidents’ Day. That sure lit a fire under many, as today there noticeably was more debris lining the roadways. Only three more days, islanders!

There was no City post-Ian update this week, but recovery is progressing with noticeably more people returning to live and visit the islands. More businesses also are reopening. (Doc Ford’s Sanibel opened today.)

The temporary Post Office trailers are up-and-running. Literally, with postal employees running to get your mail. It is amazing how quickly those workers got that facility back into operation. It applies here, like everywhere, “teamwork makes the dream work.” They have worked through some unbelievable conditions and obstacles.

At SanibelSusan Realty

At SanibelSusan Realty, the team and I are thankful for another week with a nice closing plus new listing. Dave and I continue to cover the island every day while Lisa helps behind the scenes.

As a reminder, please let us know if your association has made any announcements of fee changes, special assessments, occupancy, completion schedules, etc. Please do not assume that your association coverage will be like any other. Not all associations, management companies, insurance policies, restoration/remediation companies, contractors, permits, etc. are the same. The rumor mill continues to generate ‘rumors”.

The most frequently asked questions by prospective purchasers are when can the property be occupied? How much of the work is my responsibility? What will it cost? Where is the 2023 association budget/reserve schedule? In a condo, what will the master insurance policies cover inside my unit?

Also please let us know of any other changes with your property, i.e. insurance costs. We have already heard of a deal falling through because the quote for new policies was astronomical. Many flood policies are assumable (meaning the buyer can buy out the months remaining on your policy). That doesn’t provide a long-term discount, but at least gets them initially covered more reasonably. You also may have other service policies that are assumable, like for annual termite inspection/treatment, maintenance on appliances &/or HVAC, etc. Those also are nice perks for us to know about and appreciated by most buyers.

At Home

Things are looking up. Dave/Lisa’s roofer will be back to continue their repairs on Monday. At my home, paint and more door hardware have been delivered. Fingers crossed that remaining interior work continues after the holiday. Yesterday, my new-in-2021 aluminum standing-seam roof was examined, as a precaution, by Crowther and found “perfect”. I now have another good contact at that company if anyone is in need. My pool and yard service also have resumed, while Dave continues to watch over things and work on my landscaping. We also keep an eye on work progressing on several properties owned by absentee clients. Steps forward every week are slow, but steady.

Sanibel & Captiva Islands Association of Realtors

Still no return-to-the-island date for the Association of Realtors office as they continue operations out of the Midland Trust building just off-island. Unfortunately, the Association offices on Sanibel are awaiting contractor work and power, like so many others.

Thanks to the internet, the inner workings of the Association continue, as Tuesday, we had a Professional Development Committee meeting where classes were scheduled and speakers suggested for the first few general membership meetings of the year. Next Thursday at our February breakfast meeting, at Midland, speakers will be panel of insurance/attorney experts answering post-Ian questions. Betcha I get good info to share from that.

Wednesday, I attended the Association 3-hoour mandatory Zoom session presented by Florida Realtors Associate General Counsel, Joel Maxson. The leadership team of the local Association including their Board of Directors and members of the Professional Standards, Grievance, and Ombudsman Committees are required to attend these training sessions annually. These Realtors are the groups that act on any Ethics or Arbitration complaints. Luckily, there are few of those as our brokers and the Association provide excellent education and oversight, over members that, for the most part, are conscientious, sharing, and cooperative.

Island Real Estate

Below is another update of island inventory today from the Sanibel & Captiva Islands Multiple Listing Service. Homes continue to be the hot commodity.

SANIBEL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	51	1,027,586	56	96	1,636,763	48	16	1,023,125	66
Under contract	11	739,354	17	66	1,310,535	38	3	564,330	107
Sold 2023 to 2/17	21	1,125,333	40	35	915,322	39	4	1,318,500	80
Sold 2022	123	1,136,199	44	184	1,597,868	52	26	779,528	223
Sold 2021	287	875,127	113	355	1,341,881	89	69	698,862	442

 

CAPTIVA	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	6	1,127,333	194	8	6,867,631	169	1	15,500,000	328
Under contract	3	1,038,000	89	2	1,824,500	9	0	N/A	N/A
Sold 2023 to 2/17	0	N/A	N/A	4	3,612,500	58	0	N/A	N/A
Sold 2022	28	1,458,983	52	22	5,636,386	133	0	N/A	N/A
Sold 2021	64	1,150,373	145	44	2,988,520	261	2	2,950,000	731

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 10‑17

Sanibel

CONDOS

8 new listings: Seashells #33 2/2 $435K, Tennisplace #B22 2/2.5 $489K, Sandpiper Beach #206 2/2 $799K (SanibelSusan listing), Sunset South #3C 2/2 $819K, Loggerhead Cay #212 2/2 $885K, Tantara #202 2/2 $1.049M, Atrium #202 2/2 $1.249M, Gulfside Place #204 2/2 $1.375M.

1 price change: Gulfside Place #318 2/2 now $1.495M (SanibelSusan listing).

2 new sales: Seashells #21 2/2 listed at $449K, Sundial #H209 1/1 listed at $649K.

4 closed sales: Seashells #42 2/2 $350K, Sundial #D301 2/2 $975K, Pelicans Roost #302 2/2 $1.149M, Sanctuary Golf Villages I #4-PH5 3/3 $1.425M.

HOMES

7 new listings: 1122 Captains Walk St 3/2.5 $798,897; 560 Boulder Dr 3/2 $849K, 1242 Par View Dr 3/2 $965K, 1720 Middle Gulf Dr 3/2 $990K, 1402 Middle Gulf Dr 3/3 $1.679M, 826 Lindgren Blvd 3/2 $1.695M, 2564 Wulfert Rd 4/5.5 $3.595M.

8 price changes: 9438 Moonlight Dr 3/2 now $724K, 4753 Rue Helene 2/2 now $749K, 4052 Coquina Dr 3/2 now $760K, 1524 Wilton Ln 3/2 now $989K, 1121 Sabal St 3/2.5 now $1.45M, 979 Whelk Dr 3/3 now $1.494M, 2294 Wulfert Rd 4/4 now $1.65M, 1320 Seaspray Ln 3/4.5 now $3.7

3 back on market: 3025 Poinciana Cir 3/2 $899K, 557 East Rocks Dr 4/3 $999K, 1318 Seaspray Ln 5/3.5 $3.75M.

14 new sales: 2623 Tamarind Rd 2/2 listed at $375K; 671 Rabbit Rd 3/2 listed at $699K; 1230 Sand Castle Rd 3/2 listed at $779K; 1834 Long Point Ln 3/2.5 listed at $799,999; 1031 Birdwatch Way 3/2 listed at $875K; 3711 Agate Ct 3/2.5 listed at $900K, 562 Lake Murex Cir 3/2 listed at $999K; 617 East Rocks Dr 3/2 listed at $1.1M; 253 Daniel Dr 2/2.5 listed at $1,197,555; 1290 Par View Dr 4/2 listed at $1.199: 918 Kings Crown Dr 3/2.5 listed at $1.449M, 698 Anchor Dr 5/5.5 listed at $1.695M; 1208 Bay Dr 3/2 listed at $1.7M; 5395 Shearwater Dr 3/3.5 listed at $2.495M.

8 closed sales: 1977 Roseate Ln 2/2 $500K, 686 Spartina Ct 3/2 $651K, 3285 Twin Lakes Ln 3/2.5 $669K (SanibelSusan listing), 3354 St Kilda Rd 3/2 $760K, 702 Durion Ct 3/2 $830K, 740 Windlass Way 2/2 $845K, 2402 Wulfert Rd 4/3.5 $1.3M, 1008 Demere Ln 3/2 $1.3M.

LOTS

2 new listings – 1872 Middle Gulf Dr $799K, 1874 Middle Gulf Dr $1.599M.

No price change, new or closed sales.

Captiva

CONDOS

No new listings, price changes or closed sales.

1 new sale: Tennis Villas #3227 1/1 listed at $515K.

HOMES & 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.

Until next Friday, enjoy the long weekend! We’ll be working!

Susan Andrews, aka SanibelSusan