Now that summer has officially arrived, the islands are back to typical summer weather. With usually at least a 50% chance of quick daily showers, night temps next week are forecast to be in the upper 70’s, with days in the high 80’s. It was unusual that it was cooler this week in Florida than in much of the nation. This afternoon is another bright sunny one.

 

 

Following the early tropical depression last week, with several days of heavy rain, a few swales along West Gulf Dr have been slow to recede/ Elsewhere, puddles are dried out and vegetation is growing like crazy. Many have asked about when work will begin at By-the-Sea, 2611 West Gulf Dr. Today there was activity there, first that I have seen in months.

Plenty of contractor repair work continues in most communities, while off-season visitors returning for the first time since Ian are encouraging others to come back too. Beaches are beautiful, businesses offering appreciative smiles, and more accommodations becoming available.

Florida’s 2024-2025 Budget

Last week, Florida Governor DeSantis signed the 2024-2025 fiscal year budget which becomes effective July 1. The $116.5B budget features significant funding for Realtor® supported priorities including:

·        $1.2B for water quality and environmental projects

·        $408M for state and local government affordable housing programs

·        $200M for My Safe Florida Home Program

·        $100M for Hometown Heroes Housing Program

·        $30M for My Safe Florida Condominium Pilot Program

·        $500K to prevent unlicensed real estate activity

·        $500K to evaluate the impact of lookback periods.

Love Sanibel Businesses Back

“Love Sanibel Businesses Back” is an initiative of weekly mix and mingle events featuring the different island shopping areas and organized by St Michael’s to foster community camaraderie and support during the summer. Successful events have been enjoyed at the Over Easy Café and Olde Sanibel Shops on June 3, followed by Pinocchio’s and Periwinkle Place Shops on June 10.

This week, on June 18, Sanibel Café and Tahitian Gardens Shopping Center were featured. Next week, on Tues June 25 at 3 p.m. a special event is planned at The Magic Bus Ice Cream Shop, also highlighting the Lighthouse District shops, and Wickie’s.

The upcoming schedule includes Jerry’s shopping center July 3; The Shack, Hurter’s, She Sells Seashells & Heart of the Islands July 10; Bubble Room Boops & the Island Store July 18; Lighthouse Café, Rachel Pierce Gallery, & the Outdoor Market July 25; Sanibel Deli, CROW, and Pak-‘n-Ship Aug 3; Tower Gallery, Whitney’s, the Grog Shop, & Sanibel Grill Aug 9; Rosalita’s, Sanibel Carts, & Ding Darling shop Aug 17; Tutti Pazi and the Shell Museum Aug 24. More details and times on https://www.saintmichaels-sanibel.org/.

Island Reopening & More

JRod’s Beachware – has reopened in the Olde Sanibel Shops, 630 Tarpon Bay Rd.

Pelicans Roost – This condo community at 605 Donax St celebrated their ribbon-cutting on June 13 and announced they will have 20 units available for rent beginning in August. Kingfisher Vacation Rentals manages them.

Puschel Preserve – This SCCF Preserve on the corner of Periwinkle Way and Purdy Dr has had a wonderful transformation since it was used as a debris staging area following Hurricane Ian. A new solar-powered charging station with pavers around it are installed.

Sanibel & Captiva Association of Realtors®

In the island real estate world, there was no Association of Realtors® Caravan Meeting this week. We only meet every two weeks in the summer. The monthly membership meeting is next Thursday with guest speaker Matt DePaolis, SCCF Environmental Policy Director. A Caravan of Open Houses (from noon until 3 p.m.) will follow the meeting.

With Florida Realtors® announcing new agency agreements, licensees have been offered free Buyer/Broker webinars taught by some terrific state instructors. The Sanibel-Captiva Association will be streaming a July 23 event that is already full (I registered early). It will be taught by Patti Ketchum who truly is one of the best in the business. She is broker/owner of Ketchum Realty Group in Tallahassee; licensed in FL, GA, and NC; and a decades-long active member, including chair, of state and national Professional Development Committees. We have attended many Florida Realtors® meetings together when Patti has assisted in the Audition Panel process where potential new state instructors are evaluated. She also serves on the Florida Real Estate Commission (FREC). FREC regulates education for Florida Realtors® and has seven Governor-appointed Senate-approved members. The islands are lucky to be featuring her class.

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

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	93	1,058,597	160	122	2,625,730	137	32	816,903	247
Under contract	7	1,181,128	111	19	1,278,789	111	2	3,684,000	18
Sold 2024 to 6/21	42	827,036	127	105	1,433,926	97	10	1,527,600	170
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	32	1,544,218	180	19	7,166,842	229	2	13,750,000	225
Under contract	1	3,250,000	289	1	2,850,000	57	0	N/A	N/A
Sold 2024 to 6/21	10	1,650,000	146	5	4,944,500	146	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 Jun 14-21

Sanibel

CONDOS

3 new listings: Colonnades #9 1/1 $350K, Cottage Colony West #110 1/1 $615K, Sundial West #K108 3/2 $1.395M.

1 price change: Seascape #302 3/3.5 now $1.65M.

1 new sale: Donax Village #2 2/2 listed at $599K.

1 closed sale: Sunset South #3C 2/2 $640K.

HOMES

1 new listing: 9114 Mockingbird Dr 3/2 $899,999.

8 price changes: 4049 Coquina Dr 3/2 now $499K, 9126 Mockingbird Dr 3/2 now $829K, 235 Palm Lake Dr 3/2 now $994K, 465 Lake Murex Cir 2.2,5 now $989K, 9247 Dimmick Dr 3/2 now $1.049M, 697 Spartina Ct 3/2.5 now $1.225M, 1018 S Yachtsman Dr 3/3 now $1.237M, 2499 Harbour Ln 3/3 now $1.55M.

4 new sales: 1016 Fish Crow Rd 3/2 listed at $689K, 1196 Sand Castle Rd 2/2 listed at $750K, 199 Southwinds Dr 3/3 listed at $799K. 6425 Pine Ave 4/3 listed at $1.685M.

1 closed sale: 1025 S Yachtsman Dr 4/3 $2.75M.

LOTS

No new listings, price changes, or new sales.

2 closed sales: Bowmans Beach Rd 25 $145K, Bowmans Beach Rd 27 $175K.

Captiva

CONDOS,

1 new listing: Sunset Captiva #101 2/2 $1.85M.

1 price change: Bayside Villas #4116 1/2 now $639K.

No new sales.

1 closed sale: Beach Villas #2321 2/2 $875K.

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.