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Sanibel & Captiva Luminary Strolls Are Back!

 Though Southwest Florida continues to be one of the warmest spots in the nation, you can bet there was grumbling this week when we turned our HVAC systems to heat. Thankfully, though chilly, the daytime weather has continued with blue skies with sunshine. Most warmed up into the 70’s (degrees F), but it got down into the low 50’s most nights – timely for decorating for the holiday events this weekend.

Upcoming Island Events

Luminary Festival – After a 2-year storm delay, Sanibel’s Luminary Stroll is back – tonight from 5:30 to 9 p.m. Tomorrow at the same time is the Captiva Stroll.

Jog N Jam – Also tomorrow, Saturday, Dec 7 is the FISH 2024 Jog N Jam Celebration which begins with both 5K and 10K races in the morning at The Sanibel Community House, including a Kids Fun Run at the Community Park. Later tomorrow evening, a beach concert and fireworks will be at Tween Waters Resort & Spa on Captiva.

Final Pass for Storm Debris Pickup – Sanibel property owners are asked to place storm-generated debris on their public right-of-way by Sunday, Dec 8 to ensure pickup by the City contractor. The City has authorization from FEMA for reimbursement of debris removal costs including for commercial properties, i.e. condos. The public right-of-way is the area that extends from the street to the sidewalk, ditch, utility pole, or easement. Starting Dec 8, once debris trucks make their final passes, they will not be returning. Please separate the debris by vegetative, building demolition debris, appliances/white goods, electronic waste, and household hazardous waste. Only loose debris will be collected. Bagged debris should not be placed in the right-of-way. Also avoid stacking debris below low hanging power or utility lines, and do not place within 4’ of mailboxes, water meters, fire hydrants, or any other above-ground utility. For questions, call Public Works at 239-472-6397.

Sanibel & Captiva Real Estate Scoop

At the islands’ Association of Realtors Caravan Meeting yesterday, no new sales were announced, but a caravan of 11 new listings followed with ten homes and one condo open for viewing.

Our next Caravan will be after the last membership meeting of the year on Dec 19 when guest speaker John Lai, President and CEO of the Sanibel & Captiva Islands Chamber of Commerce will update members on tourism and accommodations.

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.

Another week with no showings and poor sales activity sure is not good news for those looking to sell. There is better than a year’s worth of inventory now in all property types on both islands. We have heard too many times recently that it will take years to recover from these last storms. Some say it is because these caused such far-reaching damage, resulting in more national exposure than Ian two years ago.

It likely also will take years for this inventory to move. Though the storms have taught us to be more patient, I am afraid there will be more listings and serious price reductions required before the market swings back to favor sellers.
Unfortunately, colleagues report that they now are working with few, if any, buyers. Hopefully that changes when more snowbirds and visitors arrive.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

99

953,529

134

160

2,051,869

94

30

1,029,993

249

Under contract

8

1,095,375

99

4

1,097,000

14

1

3,300,000

499

Sold to 12/6/24

70

813,228

124

161

1,479,192

116

14

1,285,928

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:

35

1,182,742

149

18

7,097,111

271

1

12M

463

Under contract

0

N/A

N/A

2

5,499,999

40

0

N/A

N/A

Sold to 12/6/24

13

1,728,846

185

7

4,203,214

185

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 29 – Dec 6:

Sanibel

CONDOS

5 new listings: Sandpebble #2E 2/2 $549K, Spanish Cay #D5 2/2 $599K, Lighthouse Point #317 3/2 $649K, Blind Pass #F104 2/2 $699K, Sand Pointe #238 2/2 $875K.

3 price changes: Mariner Pointe #1023 2/2 now $499K, Captains Walk #F3 2/2 now $550K, Spanish Cay #E3 2/2 now $625K.

No new sales.

1 closed sale: Captains Walk #B5 2/1 $340K.

HOMES

16 new listings: 490 & 460 Old Trail Rd 3/3 $638.5K, 1309 Middle Gulf Dr (Sea Pines E) (1/2 duplex) 3/3 $859K, 5307 Ladyfinger Lake Rd 3/3 $899K, 499 Leather Fern Pl 3/2 $920.8K, 5769 San-Cap Rd 2/2 $1M, 4639 Brainard Bayou Rd 3/2.5 $1.195M, 1048 Fish Crow Rd 3/2 $1.299M, 345 East Gulf Dr 3/2.5 $1.399M, 862 Beach Rd 3/2 $1.449M, 229 Daniel Dr 4/3 $1.45M, 946 Whelk Dr 3/2.5 $1.55M, 748 Windlass Way 3/3 $1.595M, 2688 Coconut Dr 3/2 $2.395M, 961 Limpet Dr 3/2 $2.595M, 5606 Baltusrol Ct 5/6 $3.195M, 1083 Bird Ln 4/2.5 $5.3M.

1 back-on-market: 2960 Wulfert Rd 5/5.5 $2.989M.

7 price changes: 9247 Dimmick Dr 3/2 now $959K, 4221 Old Banyan Way 3/2 now $1.195M, 729 Sand Dollar Dr 4/3 now $1.24M, 1293 Par View Dr 3/3 now $1.395M, 2313 Wulfert Rd 4/3 now $1.624M, 2969 Wulfert Rd 6/7.5 now $2.85M, 918 Limpet Dr 4/4.5 now $3.125M.

1 new sale: 5297 Punta Caloosa Ct 3/2 listed at $850K.

2 closed sales: 431 Rabbit Rd 3/2.5 $900K, 5387 Shearwater Dr 4/4.5 $1.875M.

LOTS

No new listings or price changes.

1 closed sale: 6492 San-Cap Rd $850K.

No new sales.

CAPTIVA

CONDOS

1 new listing: Marina Villas #608 2/2 $850K.

1 price change: Beach Homes #29 4/4 now $3,299,500.

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

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