I think I’ve boasted too many times lately about how wonderful the Sanibel fall weather has been. It sure changed this week. After a nice Monday, on Tuesday afternoon a quick heavy shower was a prelude to what Wednesday would bring. That was when the rain came down in buckets with winds up to 50 mph. Three island transformers blew, and 1300 island properties lost power. LCEC (Lee County Electric Co-op) was quick to restore though; they really are terrific.

Sunshine is peeking through today amid a few clouds and as we look forward to the upcoming holiday week, temperatures again may get into the low 80’s, with only occasional chances of rain. Thanksgiving Day is forecast as partly cloudy and 77 degrees F.

Even during the bad weather, causeway crews were hustling to meet their goal of roads/bridges done by year-end. Starting at 7 p.m. tonight, causeway traffic again will be limited to 1-lane until 6 a.m. Monday morning. Flaggers will be directing the 2-way traffic. Whether coming or going from now through Dec, it pays to plan on it taking additional time.

Holiday Events & Re-openings

Thanksgiving Dinner & Butterfly Release is going on now at The Community House with singers from the BIG ARTS Community Chorus also performing (not this alto though, work prevails).

Lions Club Christmas Tree Sale – is next Fri, Sat, Sun, Nov 24-26 at The Community House from 10 a.m. to 4 p.m.

Sanibel Masters Art Festival – is indoors at The Community House next Fri & Sat, Nov 24 & 25 from 9 a.m. to 4 p.m.

Sanibel Café – reopening Dec 1.

Sanibel Beach Recovery Project

The start of the City’s Hurricane Ian Beach Recovery & Resilience Project is now expected to begin Dec 13, with completion by Apr 15, 2024. Sand will be trucked to the island and placed along the open beach, primarily between the mean-high water line and the existing dune vegetation line and to fill accessible gullies/washouts that occurred as the storm surge receded. Once complete, the beach profile will be close to pre-hurricane beach conditions. The final implementation plan will be developed once the contractor is selected.

Sanibel & Captiva Islands Real Estate News

Though the Association of Realtors® didn’t meet this week, The SanibelSusan Team was busy as were many colleagues. I met clients Mon. teammate Dave and I both showed property Tues, while Wed was an inspection day. Yesterday, between more showings, we both fielded buyer and seller calls. Tomorrow, we both will be showing again. It is nice to be busy, but ole Hurricane Ian sure continues to create new challenges.

Below, with data from the islands MLS (Multiple Listing Service), are summary tables of the residential sales statistics, followed the island MLS action this week.

The number of condo listings continues to grow, but there were no condo sales this week. Sanibel single-family homes remain the top commodity, with canal-front the best seller. There already have been 25 sales in Shell Harbor alone.

On the commercial side, it was posted in MLS that The Anchor Inn at 1245 Periwinkle is under contract. Asking price $3.5M.

I also heard this week that the Sanibel Marina again sold. Maybe that’s why Gramma Dot’s sign says their reopening has been delayed until the end of the month, Still need to confirm that sale rumor.

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	72	1,082,662	148	99	1,694,918	88	37	1,049,321	162
Under contract	4	1,427,388	70	16	1,738,000	86	2	317,000	20
Sold 2023 to 11/17	90	943,728	66	247	1,251,132	71	23	940,021	78
Sold 2022	123	1,136,199	44	185	1,602,745	52	26	779,528	223
Sold 2021	287	875,127	113	355	1,341,881	89	69	698,862	442

 

CAPTIVA RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	23	1,372,630	112	16	6,259,437	124	2	7,247,500	71
Under contract	6	1,014,833	23	0	N/A	N/A	0	N/A	N/A
Sold 2023 to 11/17	12	821,000	110	17	2,716,647	70	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 Nov 10-17

Sanibel

CONDOS

5 new listings: Blind Pass #C201 2/2 $629K, Sundial #K403 2/2 $1.3M, Sundial #K405 2/2 $1.375M, West Shore #2 3/3 $1.95M, West Shore #5 3/3 $1.995M.

1 back on market: Seashells #40 2/2 $475K.

2 price changes: Sundial #D309 1/1 now $499K, Mariner Pointe #541 2/2 now $547.5K.

No new sales.

2 closed sales: Spanish Cay #D4 2/2 $535K, Mariner Pointe #711 3/2 $850K.

HOMES

7 new listings: 4752 Rue Helene 4/3 $599K, 1119 Schooner Pl 2/2 $839K, 9393 Peaceful Dr 3/2 $1.3M, 438 Glory Cir 3/3 $1.45M, 5810 Pine Tree Dr 3/3 $2.895M. 5387 Shearwater Dr 4/4.5 $3.248M, 4163 West Gulf Dr 5/4 $4.5M.

3 back on market 1835 Ardsley Way 2/2 $450K, 560 Piedmont Rd 3/2 $639K, 1245 Anhinga Ln 3/2 $1.299M.

2 price changes: 4263 Gulf Pines Dr 3/2 now $825K, 501 Lagoon Dr 3/2 now $1.228M.

6 new sales: 2134 Egret Cir 3/2 listed at $749K, 9472 Balsa Ct 2/2 listed at $1.125M, 1388 Tahiti Dr 3/2 listed at $1.199M, 6063 San-Cap Rd 4/3 listed at $1.399M, 1322 Seaspray Ln 3/2.5 listed at $1.6M, 488 Lighthouse Way 4/4 listed at $4.295M.

4 closed sales: 1683 Atlanta Plaza 3/2 $440K, 1653 Sand Castle Rd 3/3.5 $679K, 579 Rabbit Rd 4/3.5 $778K, 1684 Bunting Ln 2/2 $825K.

LOTS

1 new listing: 800 Sand Dollar Dr $1.2M

1 price change: 4171 West Gulf Dr now $3.995M.

No new or closed sales.

Captiva

CONDOS & LOTS

Nothing to report.

HOMES

1 new listing: 15160 Captiva Dr 6/6.5 $5.249M.

2 price reductions: 1101 Tallow Tree Ct (1/2 duplex) 4/4 now $3.495M, 11539 Andy Rosse Ln 4/4 now $4.1M.

No new or closed sales.

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 weekend & best wishes for a Happy Thanksgiving,

Susan Andrews, aka SanibelSusan