Sustaining Sanibel = Strength & Smiles

SanibelSusan reporting another sunny summer-like Friday. There was lots of activity on the islands this week with more businesses opening, more events happening, more nails in tires (lucky me), and more wonderful weather. Unfortunately, it still is slow going on most of the reconstruction. As debris piles disappear, so do some buildings. The home next door to mine burned during the storm and now has been demolished. Those strong neighbors like so many others intend to rebuild/restore. It just is taking way longer than anxious owners imagined. It looks like I will have one more move before I’m back into my home, but the new HVAC system is “on” so that is progress!
At SanibelSusan Realty

Our office again was cleaned some this week, but reconstruction has not begun. Teammates Dave, Lisa, and I continue our daily routines both on-/and off-island. I showed homes Wednesday to some folks that had to stay in Punta Gorda as nothing closer was available. Dave accompanied a walk-through yesterday, with that closing now delayed until Monday. Big thanks to those sellers and Superior Title for being flexible!

Lisa again has updated our island inventory list which has become a popular document with owners tracking the market. Many have called us trying get an opinion of the value of their property today compared to just before the storm. With condos, particularly, this is not easily determined. Most complexes have had no sales since the storm because they cannot yet be accessed. Sales data is needed to provide a reasonable response to questions about market value. Is a property value reduced by the dollars that it will take to restore it? Of course, but we are not seeing distressed sales.
The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Servic is after the inventory summary below. Homes sales continue to be brisk. Condo sales not so much, mostly because those prospective buyers want answers before they decide to come and look. Answers to questions like: When can the unit be occupied? Rented? What are the 2023 maintenance fees? Is there or will there be a special assessment? What is the damage? What repairs are owner responsibilities?

Sanibel Update

Between phone calls, I listened in Tues during The City post-Ian progress report update during the City Council meeting. A few highlights include:

·        Building & Planning Departments still in temporary location on Whiskey Creek in Ft Myers. They expect to relocate end March/early April into the City (former bank) building on Library Way. The number of permits issued continues to increase. Through March 5, 2,956 permits have been issued including 1,010 for roofs and 601 for emergency repairs from hurricane. Permit applications are being reviewed within 5 days, resubmissions processed in 3-5 days. A new Planner has been hired, to begin March 20. Also a new Code Enforcement Officer starts March 27.

·        More beach accesses and the boat ramp opened this week on March 6: Gulfside City Park and Bowman’s Beach reopened. Still no date for Turner or Lighthouse beach accesses to be open.

·        Traffic counts on the causeway continue to rise. For several days more than 6,000 vehicles came over.

·        Debris pickup now exceeds 2,031,381 cubic yards. Including 1,847,005 by Crowder Gulf and 184,376 from PPDR/CPDR/waterways. Deadline to apply for personal or commercial help through IanDebrisCleanup.com is March 29.

Tuesday also was election day, with four candidates running for two City Council seats. Congratulations to Mayor Holly Smith and Vice Mayor Richard Johnson. Together, they received 79% of the votes.

Events:

·        Last night at BIG ARTS was a 2-hour presentation sponsored by the SanCap Citizens for a Resilient Future, in collaboration with the City, SCCF, concerned citizens and an alliance of community organizations. Go to The City of Sanibel, Florida Facebook page to watch the video. Really good info, showing Sanibel at its finest.

·        Yesterday also was dress rehearsal for the Community Chorus for the BIG ARTS Open House scheduled next week, Wed, March 15. This free event begins at 2:30 p.m. with a movie about the lighthouse. The Community Band performs at 4:15 p.m., followed by Chorus at 5:15 p.m. Leslie Adams in catering. There also will be art exhibits and more. Those attending should be sure and stay for our chorus version of “Sanibel”, previously performed by Crosby Stills & Nash. Real estate photographer, Jim Anderson with JMA Photography, has prepared an island video (pre-storm) that will be played on the big screen when we sing that song. It’s terrific!

Sanibel & Captiva Islands Assoc of Realtors

Yesterday, the Association of Realtors© had their first Caravan since the storm. With our office building still being restored, it was held informally at Sanibel Deli with just five properties open for viewing.

SANIBEL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

65

1,165,867

55

116

1,658,092

53

19

1,179,263

70

Under contract

18

830,716

29

46

1,302,729

40

2

420,000

54

Sold 2023 to 3/10

25

1,060,580

36

66

1,066,996

43

6

1,132,333

111

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

1,023,166

187

7

6,699,721

205

1

15,500,000

349

Under contract

2

1,207,000

147

1

2,399,000

16

0

N/A

N/A

Sold 2023 to 3/10

1

675,000

66

5

3,130,000

55

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 March 3-10

Sanibel

CONDOS

5 new listings: Seashells #20 2/2 $469K, Loggerhead Cay #592 2/2 $850K, Pointe Santo #B23 2/2 $949K, Pointe Santo #E6 2/2 $1.75M, Seascape #205 3/3 $2.995M.

3 price changes: Sundial #F203 2/2 now $799K, Sanctuary Golf Villages I #2-3 2/2.5 now $995K, Gulfside Place #117 2/2 now $1.375M.

1 back on market: Gulfside Place #213 3/3 $2.6M.

4 new sales: Sanibel Arms #B7 1/1 listed at $399K, Sunset South #10B 2/2 listed at $600K, Sundial #F403 2/2 listed at $795K, Gulfside Place #319 3/2 listed at $1.495M.

1 closed sale: Heron at The Sanctuary I #3-B 3/2.5 $1.015M.

HOMES

7 new listings: 1835 Ardsley Way 2/2 $549K, 922 Main St 3/1 $625K, 9225 Belding Dr 3/2 $650K, 1398 Middle Gulf Dr 4/5.5 $1.395M, 2540 Coconut Dr 4/3.5 $1.649M, 1057 Seahawk Ln 3/2.5 $1.65M, 5379 Shearwater Dr 4/3 $2.395M.

7 price changes: 1866 Ibis Ln 2/2 now $560K, 951 Sand Castle Rd 3/2 now $679K, 750 Sand Dollar Dr 3/2 now $1.197M, 851 Angel Wing Dr 5/4 now $1.595M, 925 Lindgren Blvd 3/1 now $1.595M, 1320 Seaspray Ln 3/4.5 now $3.5M, 4697 Rue Belle Mer 4/5.5 now $3.8M.

2 back on market: 658 Donax St 3/2 $795K, 3311 Twin Lakes Ln 3/3 $1.22M.

7 new sales: 1475 Sand Castle Rd 3/2 listed at $700K, 1526 Bunting Ln 5/3 listed at $750K, 9438 Moonlight Dr 3/2 listed at $734K, 1477 Albatross Rd 4/3 listed at $735K, 4144 West Gulf Dr 2/2 listed at $949K, 1300 Par View Dr 3/2 listed at $1.075M, 3615 West Gulf Dr 4/4.5 listed at $4.25M.

9 closed sales: 3181 Twin Lakes Ln 3/2 $660K, 720 Durion Ct 4/3 $875K, 1447 Albatross Rd 3/2 $900K, 6136 Henderson Rd 3/2 $1.05M, 1120 Olga Ave 3/2 $1.375M, 664 Gopher Walk 4/3.5 $1.415M, 4020 West Gulf Dr 2/2 $1.5M, 2324 Starfish Ln 3/2.5 $1.536M, 4781 Tradewinds Dr 3/2 $2M.

LOTS

1 new listing: 1746 Windward Way $495K.

No price changes or new sales.

1 closed sale: 1119 Seagrape Ln $1.2M.

Captiva

CONDOS

Nothing to report.

HOMES

No new listings, price changes or new sales.

1 closed sale: 11510 Chapin Ln 2/2 $1.2M.

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, Susan Andrews, aka SanibelSusan

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