Sunshine – Rain – Sunshine – Rain – It’s Florida Summer

Daytime sunshine and evening showers have often been the norm this week. Just enough to keep vegetation green and growing, including the many new native plantings along causeway boulevard.

Today, it was sunny until early afternoon followed by a quick shower. The sun is peeking out again now but there are rumblings with more rain expected until sunset. There is only a 20% rain chance tomorrow.

Florida Economy Moves Up To No. 14 Globally

Posted on by Amy Connolly on FloridaRealtor.org: “Florida’s $1.8 trillion economy is now the 14th largest in the world, surpassing Australia and Mexico, according to the Florida Chamber Foundation. The new ranking, up from 15, moves Florida closer to the Florida 2030 Blueprint’s goal of becoming one of the world’s 10 largest economies by 2030.

 “Florida’s economy grew 6.3% over the past year, the foundation said. At its current size, the economy would need to grow about 2% to surpass South Korea and reach No. 13. Moving into the top 10 would require about 21% additional growth, with Canada currently ranked 10th.

““Florida’s rise to the world’s 14th largest economy is part of our Florida 2030 Blueprint plan and further proof that free enterprise works,” said Mark Wilson, president and CEO of the Florida Chamber of Commerce and Florida Chamber Foundation. “Florida continues creating jobs, attracting investment, welcoming new businesses, and giving families greater opportunity to succeed.”

“The foundation highlighted several areas in which Florida ranks among the nation’s leaders:

  • No. 1 for new business startups
  • No. 1 higher education system
  • No. 1 for manufacturing job growth
  • No. 1 for net income migration
  • No. 1 for new business migration
  • “No. 1 for Black-owned businesses
  • No. 2 for Hispanic- and women-owned businesses
  • Lowest state debt per capita
  • 155,742 fewer children living in poverty since the Florida 2030 Blueprint launched.

““This ranking reflects the impact of Florida’s economic growth over time,” said Sheridan Morby, the foundation’s senior director of economic research. “Strong labor market expansion and business investment continue to help position Florida among the world’s largest economies.”

“The Florida Chamber Foundation plans to provide additional analysis in its 2026 Florida Business & Economic Mid-Year Report next month. The report will examine economic growth, population changes, inflation, manufacturing, workforce development and housing affordability.”

Sanibel & Captiva Islands Association of Realtors

The island Association of Realtors held their July Membership Meeting yesterday. Guest speaker h Capt. Chris Wittman, co-founder of Captains for Clean Water. Though an open caravan was expected to follow the meeting, no properties were signed up for viewing. Though this is not the normal time of the year for new listings, it is unusual to have no new listings open for viewing.

The next Association of Realtors meeting is an Open Caravan on August 13 where I am the guest speaker as part of the “Broker Tips and Tales” series.

Island Real Estate Scoop

Looking at the residential real estate activity posted in the SanCap MLS since last Friday, there has been seven new sales posted: five Sanibel homes and two Sanibel condos. During the same time, there have been six new residential listings and seven price changes.

In chatting with colleagues this week, many are surprised at how many listings have come off the market. Most agree that if you want to sell you should be listed. As quiet as it is here now, we were happy to have several showings this week.

Below with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

SANIBEL Residential

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

127

933,611

273

133

1,630,015

175

56

1,533,222

331

Under contract

15

760,897

201

29

1,358,586

166

0

N/A

N/A

Sold to 7/24/26

79

839,981

190

156

1,573,443

150

12

1,698,666

237

Sold 2025

104

755,564

153

159

1,291,016

140

7

952,857

252

Sold 2024

75

818,493

117

165

1,472,757

114

15

1,403,533

192

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

CAPTIVA Residential

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

36

1,602,413

230

29

5,695,655

287

4

10,875,000

467

Under contract

2

2,107,000

37

1

2,500,000

195

0

N/A

N/A

Sold to 7/24/26

23

850,934

133

7

4,596,428

256

0

N/A

N/A

Sold 2025

16

931,187

214

12

2,480,375

90

0

N/A

N/A

Sold 2024

13

1,728,846

185

8

4,887,187

182

0

N/A

N/A

 Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sanibel & Captiva Islands Multiple Listing Service Activity July 17-24

Sanibel

CONDOS

3 new listings: Blind Pass #D202 2/2 $429K, Sundial #F105 1/1 $549K, Loggerhead Cay #433 2/2 $799K.

4 price changes: Sanibel Arms West #G7 2/2 now $639K, Loggerhead Cay #452 2/2 now $719K, Seascape #201 3/3 now $1.999M, Royal Tern #204 3/3.5 now $2.2M.

2 new sales: Loggerhead Cay #191 2/2 listed at $847,555; Oceans Reach #1C4 2/2 listed at $975K.

No closed sales.

HOMES

2 new listings: 9214 Kincaid Ct 2/2 $789K, 791 Sand Dollar Dr 3/2.5 $1.495M.

1 price change: 974 Greenwood Ct S (1/2 duplex) 3/2.5 now $639K.

5 new sales: 4339 Gulf Pines Dr 3/2 listed at $949K, 6120 Henderson Rd 3/2,5 listed at $1.595M, 1044 Fish Crow Rd 4/3.5 listed at $2.1M, 1460 Middle Gulf Dr 4/4,5 listed at $2.295M, 5145 Joewood Dr 5/4.5 listed at $2.994M.

No closed sales.

LOTS

No new listings.

1 price change: 1653 Bunting Ln now $325K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Captiva Resort Villas fka Tennis Villas #3132 2/2 now $624K.

No new or closed sales.

HOMES

1 new listing: 33 Urchin Ct 3/2 $1.895M.

No price changes or new sales.

2 closed sales: 16309 Captiva Dr 6/4.5 $3.1M, 15735 Captiva Dr 5/5.5 $10M.

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 in any way responsible for the accuracy. Data maintained by the association, or its MLS, may now 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 in or participated in these transactions.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

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