More Blue Skies & Sunshine on Sanibel & Captiva Islands

It is time for another sunny Friday update from The SanibelSusan Team. It was not picture perfect every day though, as a rain band passed through yesterday afternoon. Saved me from having to add water to my pool and gave vegetation and critters a quick drink.

Today, the weather is back to blue skies and plenty of sunshine. More of the same is forecast through the weekend and next week.

Traffic has become noticeably less, probably since some snowbirds have already departed. There still have been plenty of contractor vehicles and sand trucks during the workday, but the beach renourishment project is wrapping up early and there certainly are fewer cars on the roads. It also is a breeze now to come-on/go-off island on the weekends.

Sanibel Events & Openings

The Bait Box – at 1041 Periwinkle Way, had their ribbon cutting on Tuesday in their newly-elevated building which was lifted off the palm tree pilings during the storm.  Here since 1971, it offers fishing supplies and equipment, licenses, and rentals. They are open 6:30 a.m. to 7 p.m. daily.

Cheeburger Cheeburger – in Tahitian Gardens is under new ownership and reopened yesterday, also with ribbon cutting. They are closed on Mondays, otherwise open daily at 11 a.m., serving lunch and dinner.

31^st Annual Sam Bailey’s Island Night – at Hammond Stadium is Wednesday, April 17, with parade beginning at 6:10 p.m. (gates open at 6). The baseball game starts at 7 p.m. with the Florida State League Fort Myers Mighty Mussels playing the Jupiter Hammerheads (Minor League). Free tickets are available at the Chamber of Commerce Visitors Center, Bank of the Islands, Adventures in Paradise Outfitters, Doc Ford’s Rum Bar & Grille, Huxters Market & Deli, Island Pizza, Jerry’s Foods, Macintosh Books & Papers, The Magic Bus, Pinocchio’s Original Italian Ice Cream, Sanibel Café, Sanibel Deli, SCCF (Sanibel-Captiva Conservation Foundation), The Shack, and Whitney’s Bait & Tackle.

Sanibel School Annual Seahorse Festival – is tomorrow, Saturday, April 13 from 11 a.m. to 3 p.m. with food, fun, and games for the whole family. Free admission.

Sanibel & Captiva Islands Real Estate News

At our island Association of Realtors® Professional Development Committee on Tuesday, more of the 2024 Education calendar was finalized. Speakers at the upcoming April 25 General Membership Meeting will update us on “Protect Captiva”, while the speaker for the May meeting will be Dianna Wilson, General Manager of Island Water Association. Our committee is always looking for ways to update and continue training our members.

The 2024 SCIS (Sanibel & Captiva Islands Specialist) designation classes will be between May 29 and June 7, while the annual 14-hour Continuing Ed classes needed for license renewals are scheduled for the week of September 9.

Yesterday, the Association had a Caravan Meeting at The Community House with new listings, sales, and price changes announced. Following the meeting, nine Sanibel homes and one condo were open for viewing.

At the meeting, I chatted with several colleagues. Many commiserated about the lack of inquiries, showings and sales. Most don’t think we will see much improvement until fall or when the island has more vacation accommodations available. The latest report from the Chamber of Commerce is that island accommodations (Sanibel & Captiva) are back to 17% of what was available pre-Ian. Recovery continues albeit slowly.

Our CEO also announced that our next meeting could be back in our Association building (2353 Periwinkle Way). Restoration of that structure and our office spaces there are almost complete. Fingers crossed that our April membership meeting can be back there (nearly 19 months after Hurricane Ian).

He also encouraged attendees to take a free Continuing Education webinar offered by Florida Realtors: “Understanding Buyer Broker Agreements”. These classes are a great way to stay up to date on how the real estate business is changing. They are popular with six more scheduled: May 14 and 22, June 18, July 23, Oct 22, and Nov 5. The instructors (Steven David, Cynthis DeLuca, Patti Ketchum, and Caroline Boland) are all top-notch!

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

Along with less traffic, there also were fewer sales posted this week, on Sanibel, just one condo and four homes. No sales on Captiva.

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	100	1,071,210	141	170	2,246,265	107	45	803,484	197
Under contract	16	1,041,250	153	29	1,238,893	87	2	385,000	183
Sold 2024 to 4/12	23	802,805	109	62	1,573,306	86	5	2,547,000	155
Sold 2023	98	955,261	65	263	1,267,390	73	24	920,645	76
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	33	1,616,696	160	19	7,301,315	199	3	9,998,333	174
Under contract	3	2,670,000	123	0	N/A	N/A	0	N/A	N/A
Sold 2024 to 4/12	5	1,405,000	113	3	3,824,166	176	0	N/A	N/A
Sold 2023	17	834,176	98	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 Apr 5‑12

Sanibel

CONDOS

3 new listings: Sanibel Siesta #103 2/2 $925K, Sanibel Moorings #741 2/2 $998,900; Lighthouse Pointe 215 3/2 $1.599M.

2 price changes: Tantara #202 2/2 now $949K, St Croix #4 2/2 now $1.699M.

1 new sale: Sanibel Siesta #605 2/2 listed at $875K.

1 closed sale: Sanibel Shores #B2 1/1 $549K.

 HOMES

7 new listings: 1215 Periwinkle Way 1/1.5 $495K, 9263 Dimmick Dr 3/2 $799K, 9126 Mockingbird Dr 3/2 $859,999; 2105 Sunset Cir 3/2 $1.125M, 1103 Schooner Pl 4/3 $1.65M, 5435 Osprey Ct 4/3.5 $2.8M, 906 Snowberry Ln 4/4.5 $5.75M.

10 price changes: 1586 Century Ct 3/2.5 now $945K, 9247 Dimmick Dr 3/2 now $1.075M, 5414 Osprey Ct 3/3 now $1.387M, 1241 Junonia St 4/3 now $1.395M, 1438 Albatross Rd 3/2.5 now $1.69M, 1365 Jamaica Dr 3/2.5 now $1.695M, 815 Birdie View Pt 3/3 no1 $1.849M, 2960 Wulfert Rd 5/5.5 now $3.289M, 408 Bella Vista Way E 4/4 now $3.5M, 4731 Rue Belle Mer 5/5.5 now $7.995M.

4 new sales: 2005 Mitzi Ln 2/2 listed at $794.5K, 1139 Seagrape Ln 3/2 listed at $1.1M, 4428 Waters Edge Ln 3/2.5 listed at $1,699,900; 4179 Dingman Dr 4/4 listed at $1.999M.

11 closed sales: 657 Cardium St 2/2 $515K, 657 Rabbit Rd 3/2 $750K, 5303 Umbrella Pool Rd 3/2.5 $979K, 211 Southwinds Dr 3/3 $1.05M, 2612 Coconut Dr 3/2 $1.05M, 4171 Dingman Dr 3/3 $1.2M, 3302 Twin Lakes Ln 3/2.5 $1.218M, 5436 Shearwater Dr 3/3.5 $2.1M, 2871 Wulfert Rd 4/4 $2.24M, 1283 Isabel Dr 3/2 $2.5M, 4681 Rue Belle Mer 3/3.5 $4.25M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings.

2 price changes: Lands End #1659 2/2 now $1.595M, Captiva Shores #6C 2/2 now $1.75M.

1 back-on-market: Beach Homes #13 4/4.5 $6.25M.

No new or closed sales.

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.

Enjoy your weekend, Susan Andrews aka SanibelSusan