51 Days Post-Hurricane Ian & Sanibel Remains Strong

It’s another Friday and almost Thanksgiving. Time sure is passing quickly here in Post-Ian hurricane land. I got tied up this afternoon selecting new appliances and then on-island dealing with only one lane of the bridge open, so my apologies that this is a little later than usual. Living in the real world of Ft Myers has its challenges.
On my business and personal Facebook pages are posted recaps of the City’s latest progress update from last night. Those meetings will be changing to weekly (Tuesdays at 5 p.m.) from here forward. Check Facebook for details on the new location (also new location for getting hurricane re-entry passes).
The islands remain limited to access by those with re-entry permits, i.e., residents, their contractors, insurance personnel, and first responders (including debris removal and utility vehicles). At the meeting last night, the City Manager said, though it’s discussed daily, it’s unknown when others may be allowed back on-island, likely not until roadways are safer. Because of all the debris, it is difficult now for both utility and debris-removal vehicles to share the roads.

Island Real Estate

East-end and the Gulf Drives are lined with piles so high some properties are not visible, but the good news is that removal has begun on some of the cul-de-sacs. I was not able to get down South Yachtsman this afternoon as the big trucks had worked their way down to the corner and it was impossible to get past. I bet when the East Periwinkle bridge opens for vehicle traffic after Thanksgiving, East end pickups will accelerate.
Some weeks ago when I said it may take weeks for the debris to be removed, I sadly probably was underestimating. Indications now are that by the first of the year, 80% of the debris will be removed. That too could be an ambitious goal.

At SanibelSusan Realty

This week, Sanibel Square contractors removed the remaining drywall and carpet from the spaces that likely will be restored. That includes our building with Island Therapy, Sanibel Fly Outfitters, the larger building behind us, and the building that houses The Bean. Unfortunately the Ding Darling Nature Store building and Sanibel Beauty Shop are off their foundations. Our landlord is worried that those may not be rebuildable in their current locations.
At our office, teammate Dave was able to salvage a few more of our historical paper files (plus a few Ikki prints) and we hope that experts will be able to retrieve some of the data from our back-up network drive. Meanwhile, I have been setting up new files and recreating documents in my temporary location.
While on the island this week, the team and I viewed properties for several clients wanting to buy and others thinking of selling. Pretty interesting getting into some of them, negotiating around contractor vehicles amid standing water, muck, and mold. Still we are seeing good progress every day.
It was especially positive yesterday to have lunch together at Cielo which just reopened with a limited menu. They had little storm damage, and many workers and residents are flocking there for a semblance of real dining. Their abbreviated menu is available Tuesdays through Saturdays from 11 a.m. until 6 p.m., though our waiter mentioned those hours may change next week.
After a couple of new items below, are the changes since last Friday posted in the Sanibel & Captiva Multiple Listing Service.

Sanibel & Captiva Islands Association of Realtors®

Yesterday morning I attended the annual meeting of the Sanibel & Captiva Islands Association of Realtors®. Thanks to Affiliate member Dave Owens, the meeting was held at his company Midland Trust building at 15671 San Carlos Blvd in Fort Myers.
That also is where our Association offices are temporarily located. It was nice to be back in real contact with colleagues. Our organization is in good financial shape and three new directors were elected.
The building the Realtor® Association owns at 2353 Periwinkle Way suffered significant damage during the storm. Finnimore’s Cycle Shop is our downstairs tenant. Though they received flooding, they already have reopened and are back to repairing bikes if you need any work done.
Upstairs in our Realtor® Association offices, the west-end Board room was destroyed from damage to the side of the building and the roof. Insurance claims have been filed so restoration will begin soon.

Tradition Is Important

This week, a special long-time client who for decades has sent us a live fir wreath from Maine for the holidays, reminded me that tradition is important, when he asked where to send it this year.
It made me think of his comment when I saw a posting today that the annual ‘Tween Waters tree lighting event on Captiva will occur next week after Thanksgiving, just like it does every year. Attendees, of course, must have a reentry pass to get on the island. There should be more details about that posted in the upcoming days. Another step toward normalcy.

Sanibel & Captiva Islands Multiple Listing Service Activity November 11-18, 2022

Again, most of these new listings had damage with those listing agents providing details in the “agent notes” about the property condition. Most are offered “as is”, with no warranty on condition, and looking for “cash” sales. Some others indicate the remediation or repairs that are included in the sale price. Some of the new listings have gone under contract quickly. Listings below are posted based on current status. Four of the new home sales also were new listings this week, some receiving multiple offers.
Sanibel
CONDOS
3 new listings: Mariner Pointe #533 2/2.5 $699K, Pine Cove #A 2/2 $1.175M, Atrium #104 2/2 $2M.
1 price changes: Tigua Cay #487 3/3.5 now $3,149M.
1 new sale: Sanctuary Golf Villages #1-4 3/3 listed at $1.45M.
1 closed sale: Sundial #C209 1/1 $425K.
HOMES
7 new listings: 2551 Sanibel Blvd 3/2 $575K, 1046 Sand Castle Rd 2/2 $875K, 3860 West Gulf Dr 3/2 $935K, 750 Sand Dollar Dr 3/2 $1.389M, 215 Robinwood Cir 4/3 $1.498M, 4020 West Gulf Dr 2/2 $1.9M, 4697 Rue Belle Mer 4/4.5 $5.25M.
No price changes.
9 new sales: 1874 Ibis Ln 3/2 $595K, 303 Palm Lake Dr 3/2 listed at $649K, 695 Durion Ct 3/2 listed at $695K, 921 Strangler Fig Ln 3/2.5 listed at $800K, 1339 Par View Dr 3/2.5 listed at $850K, 6065 Dinkins Lake Rd 3/2 listed at $899K, 775 Sand Dollar Dr 3/2 listed at $995K, 9015 Mockingbird Ln 4/3.5 listed at $995K, 2324 Starfish Ln 3/2.5 listed at $1.425M.
1 closed sale: 1219 Sand Castle Rd 2/2 $700K.
LOTS
1 new listing: 328 Palm Lake Dr $799K.
No price changes, new sales, or closed sales.
Captiva
CONDOS, 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
Until next Friday. Enjoy your Thanksgiving!
P.S. I am not cooking this year. That’s not really a benefit of losing  your home, but an interesting change. Thankfully, daughter-in-law Lisa’s brother is hosting. Should be fun to just be an attendee. I hope yours also is fun!
Susan Andrews, aka SanibelSusan

Veterans Day 2022 on Sunny Sanibel

Another Friday! There is island progress – though probably not as quickly as most desire. The mountains of debris from Hurricane Ian seem to be getting higher, though more removal vehicles and staging areas were reported during the City progress briefing Tuesday night. The City contractor handling the removal said that within the next two weeks, every City road will have their first removal pass. Periwinkle Way has already had multiple passes and the Gulf Drives also have had some.
The City briefing scheduled for last night was cancelled because of the Tropical Storm Nicole forecast, but it turned out to be a non-event here. A soaking of the hurricane dust was appreciated though. Next City progress briefing is scheduled at 5 p.m. Tuesday 11/15.

Island Real Estate

The rumor mill has been rampant with reports about various condominium complexes. Many are just now being evaluated by their insurance adjusters and remediation contractors. My advice is to “stay calm”, it never pays to make hasty decisions without confirming facts.
The new City Building Director and Deputy began work this week and their new on-line expedited permitting system is “up and running”.
Many property owners have inquired about contractors and appraisers. I also have received several inquiries from owners wanting to know the value of their property before the storm, compared to now. (Thinking ahead to their 2022 taxes, I guess.)  As I told them, a Realtor® opinion of value is not like a certified real estate appraisal. Sure, I can provide what I think a property was worth just before Ian, but I don’t think we will know the repercussions of the storm on actual sale prices for a few more weeks/months.
Based on the new listings that popped on the market this week, those looking to sell for the most part are owners of ground-level homes that were destroyed inside from the flooding and either they don’t want to go through the aggravation of restoration – or they have found they can’t without elevating the property.
After a couple of news items below, are those changes since last Friday posted in the Sanibel & Captiva Multiple Listing Service.

At SanibelSusan Realty

Our office finally is close to empty. Teammate Dave has worked tirelessly both there and at my home, fighting the mold and emptying the contents. Still no word on when the office remediation will begin, but we are working remotely, easily dealing with inquiries. Thank goodness for the internet!
The contractor at my home has begun work, and today I selected my new cabinetry and countertops. Will be interesting to see how long the whole process takes. I’ve rented another Ft Myers apartment that I move into before Thanksgiving. Thankfully, it’s one where I can stay as long as needed.

Sanibel & Captiva Islands Association of Realtors®

The complex that the local Association of Realtors® owns at 2353 Periwinkle Way also had damage, but Finnimores Cycle Shop, our downstairs tenant, reopened this week. Today, I also saw a crowd of workers emptying inventory at Winds Surf Shop.
Hopefully at our annual Association of Realtors® meeting next week (at their temporary off-island location), we will get an update on when our island facility will reopen.

Sanibel & Captiva Islands Multiple Listing Service Activity November 4 – 11, 2022

Like last week, most of these new listings had damage with those listing agents providing details in the “agent notes” that sales are to be “as is”, with no warranty on condition, and “cash”. The islands remain limited to access by those with re-entry permits, i.e., residents, their contractors, insurance personnel, and first responders (including debris removal and utility vehicles).
Curious lookie-loos are not allowed on-island while debris removal & utility restoration are underway. Police continue to monitor everyone entering and tow trucks leaving the island. You still must have a re-entry pass or local driver’s license with island address to get on.
Sanibel
CONDOS
No new listings, price changes, new sales, or closings.
HOMES
7 new listings: 1129 Sabal St 2/2 $649K, 695 Durion Ct 3/2 $695K, 2186 Egret Cir 3/2 $840K, 1565 Bunting Ln 3/2 $950K, 775 Sand Dollar Dr 3/2 $995K, 9015 Mockingbird Ln 4/3.5 $995K, 888 Limpet Dr 3/2 $1.65M.
3 back on market: 921 Strangler Fig Ct 3/2.5 $800K, 1031 Bird Watch Way 3/2 $925K, 749 Cardium St 3/2 $1.179M.
2 price changes: 747 Birdie View Pt 3/3 now $1.1M, 6126 Henderson Rd 3/2 now $1.3M.
6 new sales: 1403 Sandpiper Cir (1/2 duplex) 3/2.5 listed at $449K; 677 Durion Ct 3/2 listed at $775K, 952 Kings Crown Dr 4/3 listed at $799,222; 780 Beach Rd 3/2 listed at $985K, 3845 West Gulf Dr 5/6.5 listed at $12M.
No closed sales.
LOTS
2 new listings. 809 Pyrula Ave $699K, 4717 Rue Belle Mer $3.75M.
No price changes, new sales, or closed sales.
Captiva
CONDOS, 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
Until next Friday,
Happy Veterans Day!
Enjoy your weekend!
Susan Andrews, aka SanibelSusan

Nov 4 Post-Ian on Sanibel & Captiva Islands

It’s another Friday with more progress noticeable daily on the islands as utility and demolition/remediation crews are starting to appear in complexes/communities.

The City’s progress briefing scheduled for 5 p.m. tonight was cancelled. Next one is scheduled for Tuesday 11/8 at 5 p.m. I will follow that and post a recap on Facebook as I have been doing with the others. If you missed the big one this past Tuesday, that was their last update and was part of their 6+hour City Council meeting. My recap of recovery items discussed at the meeting are below. (Sorry it’s so long.)

Recap of Hurricane Ian Recovery from 11/1/2002 Sanibel City Council Meeting

Day 34 – 11/1/2022 – Tues – Post Hurricane Ian – Below are SanibelSusan’s Notes from Progress Briefing which was part of City Council Meeting at Crown Plaza Hotel, Fort Myers: (To listen to meeting yourself, go to The City of Sanibel, Florida Facebook page).

(Wow, big kudos for our City Council & staff. Meeting was 6 hours & 8 minutes, with just two 15-minute breaks. A lot covered. My summary below includes just hurricane recovery agenda items.)

Mayor Smith, Vice Mayor Johnson, & Councilmen Crater, Henshaw, & Miller in attendance. All provided opening remarks.

City Manager Souza provided Ian recovery update. Sanibel joined FEMA in 1979. According to 2017 records, 38% of the island properties were non-conforming, however, Sanibel is rated 5 out of 10 for their code requirements, which provides insurers a 25% reduction in flood rates.

Over 9,000 reentry passes have been issued since the storm.

Incredible efforts by City staff, state/federal/county/neighbors, multiple agencies, business partners, non-profits, & residents – positive – pushing forward.

Please know “that just because it’s taking time, doesn’t mean it’s not happening.” Continue to be patient.

Announcement coming soon on new emergency permitting process.

Kevin Guthrie, Director of FL Dept of Emergency Mgmt – Ian resulted in unprecedented damage & response action/reaction. He’s been here since 10/3. Asked County to assist in debris removal, then asked state. State has now assumed cost of debris removal off City streets. Will be here a long time removing that debris.

Residents & Commercial property owners may request assistance from FEMA for removal of debris & vessels from their private property. Also, could get travel trailer after debris removed.

Already In just 1-1/2 days identified 100 submerged vessels in coastal waters.

Not only will you see Crowder Gulf debris recovery vehicles, but also private debris removal vendors, & private divers with buoys, marking submerged vessels/debris.

If you are looking to apply for PPDR (Private Property Debris Removal) or CPDR (Commercial Property Debris Removal) go to www.CleanUp.com or call 850-951-2002. You will be asked to complete/provide:

1) Right of private entry document

2) Upload insurance info, as Federal govt can’t duplicate charges that your own insurance might cover (no duplication of benefits)

3) ID to ensure you own the property

4) List of waivers, indemnify FEMA

This could get your private property cleared after FEMA clears what’s in the City right-of-ways

Then FEMA travel trailer could be provided up to 18 months for permanent housing.

State program is for 6 months.

Suggested City prepare expedited project worksheets for reimbursements.

Yesterday based on direction from Governor, submitted request for additional 30 days FEMA reimbursement for costs 100% related to storm. This would extend current 60-day order to 90 days, or Dec 31. Only the President may grant this. Hope to hear back quickly.

Also suggested City apply for Community Disaster Loans which in past FEMA has waived payback (every time).

When Chief Dalton asked for additional mutual aid. State agreed to pay for that support through end of year.

City Manager Souza:

Expectation is that cost for just City debris removal will be more than $80M.

Whole City budget is just over $83M.

Already working on worksheets as well as other programs for City to get maximum financial aid.

Cati Sherrard, Resident Construction Engineer – restoring causeway & bridges.

Incredible responses from all parties in cooperation.

In 5 days from being brought on the job, achieved temporary access to island.

Day 15 – open to civilian traffic.

Remainder of work to be done in 2 phases. Now at the end of Phase 1A.

Phase 1 is completion of temporary bridge

Phase 2 is permanent.

Phase 1B will be next month or so, to more stabilize the current temporary access so that it’s good for a year.

Will remain on the job 24/7

Phase 2 will have some overlap, also stabilizing design that will be accomplished in bite-sized pieces. Goal is to have the new bridge there by Oct 2023. Unlike what you may be seeing on social media, it will look much like it did pre-Ian. It’s what you won’t be able to see that will be different.

Also, FL Dept of Transportation is going to rebuild the East Periwinkle Way bridge. Materials have been ordered. Expect it will be done within 2 weeks of start. Contractor is ready to go!

Diana Wilson, Island Water General Manager:

As of this morning water service restored to over 3,000 properties. Getting about 100 requests a day. Request yours at www.IslandWater.com or call 239-472-1502. Business office is now open Mon-Fri 8 a.m. to 4:30 p.m.

Have received many questions from those who thought their water was reestablished but when they get there, they have no water. Tip: Be sure & check the valve for water to your house & your backflow device valve. Valves should be opened in direction of the flow.

Boil water notice still applies – will communicate when that changes.

Billing – late payment fees suspended until end of year.

Tricia Dorn, LCEC Key Account Executive:

LCEC will be working ‘round the clock until the last new meter installed.

Have received 1,485 affidavits that electrical systems are OK & ready to be powered up.

So far, 970 have been energized, another 35 turned on just during course of the meeting so far.

Taking 24-72 hours from receipt of affidavit to turn-on.

So far 117 orders were unserviceable.

Power back on to all lift stations.

If you received power & then it went out again, please call LCEC. A transformer problem after a major event like this could occur up to 6 months after.

There are 200 crews working on island now, 24/7.

Kevin Barbot, Sanibel Fire & Rescue Chief:

County had many structure fires, just 6 on Sanibel were complete losses.

4 electric-vehicle fires to-date

2 small fires (lithium batteries, e bikes)

32 golf cart fires at The Dunes

Initially most work rescue/evacuations, then 209 electric-vehicle removals, responding to emergencies, mitigation, & humanitarian efforts.

Working with Amerigas & Blossmans on propane tanks. Many moved during storm.

Call Fire Dept if you find one on your property.

1300 permitted tanks have been inspected.

Dealing now with a lot of traumatic injuries & increased industrial/construction emergencies.

In partnership with Lee County EMS, provided with additional ambulance & medics to assist.

Brush fire danger & conservation land precautions.

Now increased response time from mutual-aid partners just off island as they likewise dealing with devastation.

Strike team from Destin was here providing mutual aid. Hoping now to get more from other parts of state.

Please keep hydrants clear.

Fire Station at Bowman’s may be a total loss. Working 12-hour shifts 7 a.m. to 7 p.m.

Palm Ridge Station in better shape, it’s about 75% remediated.

If you see a problem or have a question, please call or email.

Didn’t lose a single apparatus, just one staff vehicle.

Incredible progress in just 34 days.

Regional & Project Director from Crowder Gulf & rep from Thompson Engineering (company that is monitoring the debris removed for FEMA reimbursement). Both living in campground.

10/3 – first emergency push.

10/7 – first barge with heavy loaders brought over

LCEC vehicles also barged over

Daily reports with every removal truck have a monitor.

Just added another 18 haul units.

Island Inn debris site too small, so now have opened up new sites at Purdy Rd & Wulfert Rd.

Removal amounts now will increase.

56 haul units. Today Sanibel has more haul units than used to process major storms like that hit Hilton Head (much larger community).

Expect 60-80% of debris will be removed in 60 days.

More haul units will be added when more sites are up. There need to be places to put/process the debris.

Once double-barrels (big black debris trucks hauling a big black debris trailers) are into communities, it will go faster. Will take several passes to get rid of it all.

As of 11 a.m. yesterday, Crowder Gulf removed. 4,134 loads or a total of 193,239 cubic yards of debris (1 cubic yard about the size of a washing machine). 126,379 cubic yards of vegetation & 66,860 cubic yards of construction/demolition debris (this is the debris that will be huge – just getting started).

Please separate your debris as shown on chart on City website. That’s splitting hazardous material, vegetation, appliances, construction debris, trash, etc.

Crowder Gulf cannot pick up black plastic bags – they must be able to see the debris that is being picked up – if you have those bags – leave them open.

Crystal Mansel, Sanibel Director of Administrative Services & Risk Management:

Efforts include human resources, benefits administration, operations at Crown Plaza where City has been many times & has been using 42 rooms, 2 ballrooms, meals, food/water to boots on ground on Sanibel, now looking for alternative location as hotel has other guests arriving.

46 City employees were reassigned to Crown Plaza to man call center, information desk, re-entry passes. Thanks to Recreation Dept staff who have often been answering calls & working in stressful environment.

Also shuttling staff to marina 24 hrs/day. That has now been reduced to 6 day/work-weeks, hope to get it back to 5.

Under risk management, City has 165 assets (value $100 million) through insurance trust. Insurance boots on the ground in 5 days. Belfor has inspected all. 126 assets damaged.

Most severe damage at buildings at museum & City Hall had storm surge & lower floor destroyed.

Level 2 damage at Rec Center (roof & floor), Donax Water Treatment facility, Lighthouse (missing leg was found & broken in 3 places). Developing plan to repair/shore up all.

48 properties had minor damage.

52 no damage.

2 cruisers lost, 2 workman comp claims.

Will have another tour of assets Thurs/Fri to determine rest of mitigation & rebuilding necessary.

Andrea Miller – Sanibel Recreation Dept Director, has been reassigned to also assist with industry passes & CHR contact.

She praised her team with a “service heart” for always asking “how can I help, & what’s next.”

Rec facility had substantial damage, but staff has hand-cleared the debris from pools.

Gym floors removed; cleaning debris, & playground shared with school.

Holly Milbrandt – Sanibel Natural Resources Director

Been serving in variety of roles, on Structural Safety Inspection Team, ham radio operations, transportation, passes, EOC coordination.

Considerations to animals, vegetation, water quality. Coordinated with partners.

Vegetation recovery guidance document on City website. Use only licensed contractors.

SCCF Has good tool on their website for reporting wildlife sightings. There have been good reports.

Beaches being evaluated with coastal engineering firm, hope to post conditions report by end of week including info for property owners, particularly on East End where most damage.

FGCU water school has been performing beach survey with dive-can-sonar equipment to locate debris that is buried or hard to see.

FL Dept of Health Dept swimming advisory remains in effect. Water is full of chemicals, hazardous materials, & bacteria. Avoid contact with water.

Post-storm water quality evaluations underway.

Johnson Engineering performing Sanibel Slew evaluations.

Considering Lake “O”, Sept was 3rd wettest Sept recorded. 185% of normal accumulation.

It will be a long recovery period. Lake had 8’ of slosh at water levels, 19’ of water elevation on north side. Highest ever recorded.

Red tide already blooming in the region & not unexpected. Latest sampling reports show evidence in Sarasota, Charlotte, & 5 positive samples off-shore in Lee County.

David Schmitt & Scott Crosley – Sanibel Public Works/Sewer – Director & Deputy – Work continues with roadside trash pickup, fleet maintenance issues (2 mechanics), 165 pump stations. 135 lift station panels damaged, but many now working. Donax plant now fully operating, manned 16-hrs/day.

Sewer system now pretty sound, flushing toilets OK, just be careful how much you use.

Also OK to now begin using dishwaters & washers.

Be sure initial cleaning is done using dry methods so drains/pipes are not clogged with sand. First get rid of sediment by hand, then supplement with water.

Sanibel Police Chief Dalton – again thanked the 60 officers that were here from Dade, 50 others here now offering mutual aid. Also, Lee Sheriff Dept help.

Originally was a mandate from state to allow tow trucks on island, then notified of possible fraud, so now checking all vehicles leaving with vehicles to be sure they have property documentation.

Paula McMichael, Sanibel Planning Director – This is her 36th day on the job, hurricane came on her 2nd official day on the job. Members of Planning Dept also were part of initial Structural Safety Team. Since then, helping owners with elevation certificates, build-back restrictions.

Toured all seawalls, only one severely damaged & helping with those repairs.

Shane Kittendorf, CAP Government contractor working as interim Director of Building Dept – Again described how owners of non-conforming property may look on LeePA.org for their parcel & the county Tax Appraisers value letter which shows building structure value. Or if that amount is not enough, consider hiring a certified appraiser.

Also please consider elevating your property if you have the opportunity.

By Nov 7 when new building officials start (both Director & Deputy) you will be able to apply for permit on-line.

Tomorrow, emergency repair guidance will be issued.

Be sure when comparing 50% of your structure value that you consider all of the work required to bring the property back (alterations, demolition, mechanical, electrical, plumbing, roof).

Building Dept hopes to turn on their new permitting system quickly & issue permits quickly.

“Planning & Building” are not the bad guys.

Steve Chaipel, Sanibel Finance Director – assisting in Natural Resources, Recreation, asset control, & manning EOC.

At budget hearing on Oct 3, $84M Sanibel budget was approved. Financially we are OK, prepared for disasters & with environmental reserves.

News that the state is funding debris removal is huge.

This event likely will exceed $100M for just debris removal on Sanibel.

Finance Dept is interface with FEMA & state for assistance.

Documents have been filed & approved. Can ask for 50% of funding up front.

Have spent $8M in cash so far, mostly for pay.

After break, discussion/voting continued on other agenda items including emergency ordinances to temporarily use or park an RV or trailer on a residential property for up to 180 days or until damaged residence again becomes habitable. It must be a wheeled vehicle with quick-connects for utilities, needs temporary use permit issued by City, & may only be occupied by property residents. May be extended for 180 days.

Similarly for commercial businesses, they could get temporary use permit for up to a year max. Of course, homeowners/condo associations must approve.

Temporary moratorium on building new residences & on changes in resort housing district. See City agenda for details.

City also to bring back/apply for line of credit for up to $20M for term up to 3 years.

In summary, long-term recovery is expected, but there is already talk of moving back to City Hall.

As Mayor Smith said: “If you haven’t been to the island, you will be in awe of the magnitude of the destruction. But it’s coming back. It’s gonna get tougher, but we’ll come out better on the other side.”

Facebook Live scheduled for Wed at 5 p.m. has been cancelled.

At SanibelSusan Realty

I spoke yesterday with Marcel, our landlord, and teammate Dave met with him today. Here’s a picture of the Sanibel Square sign that I took this afternoon. Much of the complex is being used for staging of remediation equipment, but Marcel says his construction crew is ready to remove drywall soon.

Dave should have our place emptied in a few more days. The beauty shop behind my office and building next door rented by “Ding” Darling Nature Center Store are both off their foundations, so will need engineering evaluations before those may be rebuilt. Our building appears to just need remediation/new walls and utilities. I bet it’s ready before my home.

Meanwhile, I’m fielding calls, emails, and offers about our listings. Have talked to several colleagues (other heavy hitters) and they advise, they are getting offers from similar vultures. Though my crystal ball has never been used after a catastrophe like this one, I am advising clients who want to sell to keep their properties listed but expect that it may take many months for the market to stabilize.

Sanibel & Captiva Islands Association of Realtors®

The local Association of Realtors® has a temporary office location at Midland Trust, 15671 San Carlos Blvd., #101, Fort Myers. Our annual meeting scheduled for last month also has been postponed until November 17 at this new temporary location and will be posted on Zoom. I’ll be there.

Sanibel & Captiva Islands Multiple Listing Service Activity October 28 – November 4, 2022

Some of these new listings had damage with those listing agents providing details in the “agent notes” on condition and viewing possibilities. The islands remain limited to access by those with re-entry permits, i.e., residents, their contractors, insurance personnel, and first responders (including debris removal and utility vehicles). The number of workers on the island is huge. The ongoing work on the causeway also is staggering. Big changes noticed daily.

Sanibel

CONDOS

1 new listing: By-the-Sea #B101 3/2 $1.2M.

1 price change: Loggerhead Cay #323 2/2 now $875K.

2 new sales: Sundial #C209 1/1 listed at $799K, Gulfside Place #205 2/2 listed at $1,295M

No closed sales.

6 withdrawn from market.

HOMES

5 new listings: 4427 Gulf Pines Dr 2/2.5 $595K, 718 Durion Ct 3/2 $675K, 677 Durion Ct 3/2 $775K, 440 East Gulf Dr 3/2 $1.495M, Colony Beach Estates #4 (435 Bella Vista Way E) 3/3 $5.395M.

1 price change: 1543 San Carlos Bay Dr 4/4 now $1.995M.

2 new sales: 1219 Sand Castle Rd 2/2 listed at $700K, 2474 Wulfert Rd 3/3.5.5 listed at $1.695M.

No closed sales.

4 withdrawn from market.

LOTS

No new listings.

1 price change: West Gulf Dr #1, now $4.995M.

No new sales.

1 closed sale: 1994 Wild Lime Dr $325K.

Captiva

CONDOS, & LOTS

Nothing to report.

HOMES

No new listings, price changes, new sales, or closed sales.

1 withdrawn from market.

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

Until next Friday, be well, stay safe, & know that Sanibel will come back better than ever!

Susan Andrews, aka SanibelSusan

Sanibel Scoop on Day 16 Post-Hurricane Ian

Sorry I missed reporting last Friday, though I expect many are following my recaps of the City’s Facebook Live Post-Ian progress report meeting every night. Those are posted on both my business and personal Facebook pages.
To watch those City briefings yourself, either go through www.MySanibel.com or on Facebook at “The City of Sanibel, Florida” page. You do not need to be on Facebook to watch them.
Also, on the City website, there is an orange banner at the top of the page with a link that goes to Hurricane Ian info. On that info page, there is a link to the nightly updates, info on when residents may return over the temporary causeway, the FEMA Preliminary Damage Assessment Map, structure imagery, & more.

Office Post-Ian

My pool post-Ian

At SanibelSusan Realty
I am still in an East Coast hotel (day 17), doing what I can from afar, while teammate son Realtor David has been making daily trips to the island with his boat (my dock survived). It has been difficult working with the heat, mold, and no utilities. I owe him a debt of gratitude.
Also ground transportation is not easy with the Periwinkle Bridge out. He biked around the first couple of days and then when private operating vehicles could be used, friends lent him their jeep. Now he’s dealing with a nail in one of the tires. He is resourceful though and has taken many photos, helping many clients and friends see the exterior of their property for the first time.
My home and our office both filled with water (~7+’ at home, ~6’ at office) so David slowly has been trying to air them out and lug waterlogged furnishings to the curb. It is a long tedious process.
In pix with red love seat, see the waterline and ugly mold that only took minutes to start forming. My floors are off-while tile, see the sludge. Yuck!.
Office was home to the yellow love seat. It sure took a ride in the surge from our front reception area.
Thankfully, I evacuated with one of our laptops, so between that my iPad and iPhone, I have been able to conduct business anywhere where there is internet/cell service.
I haven’t heard from our landlord at Sanibel Square, but at home, I signed a contract with a general contractor to get my home restored. It likely will take a very long time. In the meantime, I have rented a small furnished apartment in Fort Myers beginning later this month. Hopefully by then that area of SW FL will have restored internet and potable water. Like at Dave and Lisa’s home, they already have power and some cell service.
Meanwhile, on the business front, I have heard from some prospective island buyers, as well as a few owners who think they may part with their property, rather than restore. With all that has occurred over the last two weeks, there has not been much activity posted in the Sanibel & Captiva Islands Multiple Listing Service. The MLS details for the past two weeks, since September 30, are after a couple of info items below.
I know that Sanibel will be back better than ever. It will require patience, kindness, and understanding.
City leaders and staff are doing an amazing job coordinating efforts to open the island again safely and with utilities as soon as possible. They have/are requesting help from many federal, state, and local agencies. Responses have been amazing.
We all are anxious to get back to check our properties and look forward to later this month, when we may cross the causeway again, albeit slowly and carefully. Only island residents, business owners, licensed contractors, and insurance folks may return (all with property hurricane reentry pass/documents). If you are one of those, don’t forget to bring a respirator mask, goggles, boots, and gloves, and be prepared to see what you don’t want to see. #SanibelStrong
Also, if you vote in Florida, don’t forget to do that. I did mine today by absentee ballot.
Rental Resources
Our local district Realtor® Associations has created a website, www.HurricaneHomes.org for those looking for temporary rentals. The is a platform for housing in Fort Myers, Cape Coral, Naples, Bonita Springs, and Marco Island. It provides listings from licensed Realtors® whose properties have been vetted as reliable, safe, and clean.
Please be careful when contacting listings from Craigslist and Facebook Marketplace as they may be fraudulent.
Operation Blue Roof & Other Resources
Operation Blue Roof, call 800-ROOF-BLU (888-766-3258) or go to
Florida DEO (Department of Economic Opportunity)
FEMA (Federal Emergency Management Agency)
Lee County
Sanibel & Captiva Islands Multiple Listing Service Activity September 30 – October 14, 2022
Sanibel
CONDOS
No new listings, price changes, new sales, or closed sales.
2 withdrawn from market.
2 back on market: Lighthouse Point #232 3/2 $1.095M, Shell Island Beach Club #6C 2/2 $1.325M.
HOMES
No new listings, price changes or new sales.
1 closed sale: 1747 Serenity Ln 3/2 $850K.
LOTS
No new listings, price changes, new sales or closed sales.
1 back on market: 4636 Rue Royale $825K.
Captiva
CONDOS, 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
Until next Friday, be well, stay safe, & know that Sanibel will come back better than ever! Every day there is more progress! #SanibelStrong!
Susan Andrews, aka SanibelSusan

An Interesting Friday at SanibelSusan Realty

Another quiet week for us at SanibelSusan Realty, so much so that yesterday Dave and Lisa took another long-deserved day off together. When we are in the office, we are catching up with database updating, reaching out to fence-sitting buyers and sellers, and gearing up for “season”. Inventory still is low. For sale today on Sanibel, just 26 condos, 27 homes, and five lots.
It was five years ago today, when many left the island as Hurricane Irma was looming. It arrived September 10, 2017. Thankfully, we have not seen any serious storms this year, though the heavy rain, thunder, and lightning that passed through the islands several times yesterday, kept the alarms ringing at the community park across the street from our office.
Late-afternoon, I also received repeated City warning announcements of severe thunderstorms. As they say in Florida this time of the year, wait a few minutes for the weather to change. I say, keep an eye on the sky and a good weather app. Yesterday, it was heavy rain on Sanibel, while the night before it was inland. Both events resulted in more than 1000 lightning strikes during very short timeframes.
With water quality always in our minds, particularly after storms, I stopped at the bayside beach on Bailey Rd enroute to the office this morning. Water not sparkling blue, but still clear.
This afternoon, we have been without internet service for hours so that’s why this is a little later than usual today. In fact, It came back on for a few minutes but is off again now, so am winging this from my iPad.
SanibelSusan’s Crystal Ball
So, over the long weekend, I both met and corresponded with more prospective buyers. Since we Realtors© often hear the same objections again and again, here is my 2-cents worth on some. First a little background from my 30 years selling island real estate and maybe a little credit for spending 23 years in marine engineering, management, and contracts before that.
These may be generalities, but most buyers here are NOT looking to purchase somewhere else. They want to be on the island. Maybe it’s the weather, or the laid-back lifestyle, or the taxes, or the school, or the environment, or something else, but they want to be on Sanibel. Most of these buyers also say they do NOT need to buy – or can wait to buy. Most also recognize that the Sanibel/Captiva market has been hot, inventory is down, and prices are up.
Many also say, they are waiting for the market to change because they think it will – for reasons like the economy, war in Ukraine, high interest rates, increases in insurance costs, storms, politics, and more.
What they can’t understand is that I don’t always agree with them. They look at me like I’m a salesman when I say that every island Realtor® worth their salt has a list of buyers just like them, that the difficulty is the amount of inventory and when it is available, not that the property is not worth what sellers are asking. Property values are determined by buyers, based on what they are willing to pay.
Here it is an issue of supply and demand. Sanibel often is a retirement destination which may mean buyers purchase more than one property here before they get their final one. There are few listings motivated by job or family changes. Those that sell to leave the island are often going for health reasons or to enter a retirement community.
Many of today’s prospective sellers would like to take advantage of the “hot market”, but where would they go? For that reason alone, many are sitting tight. Those that are choosing to sell though sometimes get the luxury of doing things on their own timeline and choosing from a variety of good offers.
What does a seller consider a good offer? That varies with their motivation, but in most cases, it is a cash full-price with strong deposit(s), no seller warranty or repairs, and closing at a time of seller choice.
What else happened here with real estate, from the pandemic, is that island owners who previously spent only short times on-island, now are here much longer, or moving here permanently, or working from here, or no longer renting their property. Real estate availability has been reduced.
Unfortunately, for prospective buyers, this market boom usually means the best deals are grabbed up quickly. Despite some media claiming otherwise, existing properties for sale and priced appropriately still are moving at a remarkably fast pace in many areas. According to statistics collected by the National Association of Realtors® (NAR), the average house in the U.S. is selling in just 14 days. To put that into perspective, U.S. homes took an average of 96 days to sell back in 2011.
It is true that Florida home prices are up over 30% over last year. Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of U.S. markets experienced double-digit annual price gains compared to the prior quarter, according to NAR. Eighty percent of the 185 tracked metro areas posted double-digit price gains, up from 70% in the 1st quarter of the year.
Nationally, the median single-family existing-home price eclipsed $400K for the first time, rising 14.2% from one year. Year-over-year price appreciation eased slightly compared to the previous quarter. Are there homes on the islands priced this low? No. As I had to tell recent prospects wanting to spend no more than $750K, the lowest-priced home on the island today is one that is inland for $815K. I’ll watch for some priced lower, but who knows when that will be.
Many real estate gurus predict that Florida will stay hot through the year. I bet it stays hot through winter too.  Will high interest rates affect the number of sales? Sure, just not much here, where few buyers make offers with mortgage contingencies. What I see those higher interest rates may do is slow price growth. (The key word here is “growth”, prices are not trending down.)
For years, the supply of new homes in Florida has trailed behind population growth. On the island, new homes are almost impossible to find. Adding the post-pandemic migration to Florida resulted in an enormous gap in supply and demand – which continues to drive prices up.
Many who follow the market also think that through the remainder of this year and into 2023, housing demand will be all about the Gulf Coast of Florida. As the popularity of working remotely grows, people are expected to continue to move from major cities to slower-paced lifestyles. That’s here!
Those selling in Florida this year will probably make a nice profit. They may not get multiple offers, but they should have choices.
Meanwhile, those island buyers sitting on the sidelines thinking the market here is going to crash, better think again. I bet prices will continue to go up – perhaps more modestly – until the day (if ever) that the islands become less desirable. That probably would take a catastrophic event.
Buy now, tomorrow is not promised. That is one lesson learned from the pandemic.
Sanibel & Captiva Islands Association of Realtors®
No caravan meeting this week at the local Association of Realtors©, but there was still a little action posted in the Multiple Listing Service. See that below, after a couple of news items.
Next week, the Association is offering the classwork required every two years for Realtor© license renewals. I will be in class Monday morning and all-day Tuesday to finish up the continuing education required for my renewal in March. (It’s true, “old dogs can learn new tricks.”) I look forward to seeing long-time instructor pals, Chuck Bonamer from Venice who is teaching Bias Override and Pat Pitocchi from Naples who will teach both Code of Ethics and Core Law. (Tough to keep those subjects interesting, but I know these two will do it.)
SanibelSusan teammates Dave and Lisa have already completed their classwork and renewed their licenses for two more years.
September Restaurant Closures
Update below on when some restaurants are closed this month. Best September advice is to give them a call before going. Some are experiencing delays in reopening.
·        400 Rabbits – 9/19-25
·        CIP’s – In Sept, closed for lunch CLOSED & CLOSED all day Tuesdays, otherwise Happy Hour 4-6 p.m. & open for dinner at 4 p.m.)
·        Gramma Dot’s – 8/29-9/30, reopens 10/1
·        Island Pizza – 9/6-19, reopens 9/20
·        Lighthouse Café – reopens tomorrow
·        Mad Hatter – 9/5-30, reopens 10/1
·        Over Easy Café – 9/12-22, reopens 9/23
·        Paper Fig Kitchen – 9/18-20, reopens 9/21
·        Rosie’s Café & Grill – 9/5-12, reopens 9/13
·        Schnapper’s Hots – 9/6-15, reopens 9/16
·        Sweet Melissa’s – 9/4-19, reopens 9/20
·        The Fig – 9/11-13
·        Trader’s – 9/18-10/2, reopens 10/3
·        Traditions – 9/4-26, reopens 9/27
·        Tutti Pazzi – 9/6-13, reopens 9/14
Bankrate’s Best State for Retirement in 2022? Florida
Posted Tuesday, September 6, 2022, on FloridaRealtors® and sourced to Nexstar Broadcasting:
“In a study heavily weighted for affordability, Fla. “unsurprisingly took the top spot,” while Alaska, despite its affordability, came in last.
“MIAMI, Fla. – Whether it’s kicking back on the porch reading the newspaper, enjoying the outdoors or just being closer to the grandkids, post-career goals vary for people. But all states are not the same when it comes to retirement, a recent study from Bankrate found.
“Bankrate conducted a study to find the best and worst states for retirement in 2022. “For this study, Bankrate looked at five broad categories: affordability, wellness, culture, weather and crime. We placed the heaviest weighting on affordability,” according to the study, whose authors acknowledged that some things, such as proximity to loved ones or personal dislike of the cold, were just too subjective to measure.
“The Southeast dominated the top two spots followed by some Midwest states and others across the U.S. Florida, well known for its warm weather, abundant golf and retirement communities such as The Villages, unsurprisingly took the top spot.
“Let’s check out the best and worst states:
“Alaska was relegated to the last spot because of its poor scores for weather, crime and affordability. If avoiding taxes is your top goal, however, you may still want to consider Alaska, which beat out all other states in that category.
“As for overall affordability, Michigan is your destination. Despite the frigid winters, The Great Lakes State broke the overall top five for 2022 thanks in large part to its cost of living.
“Also in the top five were Georgia, for its mostly pleasant weather (outside of hurricane season) and affordability; Ohio for its affordability and lack of bad scores in other metrics; and Missouri, also for affordability and weather.
“If it’s still too hard to pick, consider the advice of Laura Kovacs, former director of education at the Scottsdale Area Association of Realtors in Arizona who recently retired herself: “Go to a variety of different places that you seem to be attracted to – places that have a lower cost of living and lower property taxes – and test them out for a while. If you’re interested in Florida or Arizona or California, stay there for a while and see if you like the climate at the time of year you’re going to be living there.””
Sanibel & Captiva Islands Multiple Listing Service Activity September 2 – 9, 2022
Sanibel
CONDOS
2 new listings: Lighthouse Point #232 3/2 $1.095M, Tiqua Cay #487 3/3.5 $3.4M.
No price changes.
1 new sale: Beach Rd Villas #101 2/2 listed at $685K.
2 closed sales: Sundial #G306 1/1 $845K, Gulf Beach #107 2/2 $925K.
HOMES
No new listings.
1 price change: 683 Emeril Ct 2/2 now $1.049M.
1 new sale: 466 Sea Oats Dr 4/4 listed at $2.339M.
1 closed sale: 531 Birdsong Pl 3/2 $755K.
LOTS
No new listings or price changes.
1 new sale: 4636 Rue Royale listed at $825K.
No closed sales.
Captiva
CONDOS
No new listings.
1 price change: Tennis Villas #3113 1/1 now $519K.
No new or closed sales.
HOMES
1 new listing: Sunset Captiva #1 2/2.5 $3.9M.
No price changes, new or closed sales.
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.
Until next Friday, Susan Andrews, aka SanibelSusan

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Labor Day Weekend 2022 on Sunny Sanibel

As we look forward to a holiday weekend, islanders continue to “knock on wood” that this has been the quietest hurricane season in decades. Island weather has been nice again this week too, though the lightning storm surrounding midnight Tuesday night/Wednesday morning was another humdinger. More daytime temperatures in the high 80’s/low 90’s expected for the foreseeable future, again with a good chance of rain sometime during each 24-hour period.

At SanibelSusan Realty

Teammate Dave got another big postcard mailing out Wednesday. It featured our three east-end listings. Our ad from today’s “Island Sun” below also highlights them.

The next few months usually are busy with island real estate, mostly sellers thinking of taking advantage of the market and buyers wanting a property to benefit from themselves this winter – whether it be for personal use or income.

Below is an update of island residential inventory today (data from the Sanibel/Captiva MLS September 2, 2022):

 

 

Status

SANIBEL
Condos Homes Lots
# Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 25 1,250,080 66 30 2,225,633 61 6 1,702,000 90
Under contract 8 1,211,362 31 14 1,499,000 38 2 247,500 47
Sold to-date 2022 113 1,137,190 43 148 1,672,436 57 23 686,641 244
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

 

 

Status

CAPTIVA
Condos Homes Lots
# Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 6 1,433,666 111 8 7,085,345 127  1 15,500,000 160
Under contract 0 N/A N/A 1 4,995,000 197  0 N/A N/A
Sold to-date 2022 28 1,458,963 52 21 5,690,500 130  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 Association of Realtors®

At the Caravan Meeting yesterday at the Sanibel & Captiva Islands Association of Realtors©, many donations of goods plus a $500 check were presented to Jennifer Benton, CEO of ACT (Abuse, Counseling, & Treatment Inc.), the private non-profit in Fort Myers that serves victims of domestic violence, sexual assault, and human trafficking. Always looking for volunteers and contributions, you also can support ACT through their thrift store (Second ACT which is on U.S. 41 at 12519 South Cleveland Ave), their gallery and boutique (at 2265 First St in the Fort Myers River District), and their annual benefit Gala/Art Auction (this year on October 29). More info at www.ACTAbuse.com

After the meeting, three newly-listed homes open for viewing – an indication that inventory is increasing albeit slowly and that new listings are no longer selling immediately – though one of those properties hit the MLS for the first time the day before and the listing agent reported that it already had nine showings. (It is a very large near-beach like-new well-furnished pool home.)

Beach Bucket Success

Posted in SCCF’s August 31 update, “Coastal Watch is happy to announce that the buckets at the beach bucket stations are being used! Several volunteers have been monitoring and reporting the usage of the buckets over the past two months at the three bucket stations – Lighthouse Beach, Tarpon Bay Rd Access, and Bowman’s Beach. We are thrilled to see the community and visitors taking advantage of this program and helping Coastal Watch keep our beautiful beaches clean! More volunteers are needed to help monitor the stations. If interested, please email CoastalWatch@sccf.org.”

September Closures & Happenings

Restaurants – Traditionally, September is the slowest month of the year on the islands. Social media has been overloaded with questions about what restaurants are closed – and when. Many with maintenance projects and improvements planned are dealing with construction and material delays. So best advice is to call the restaurant before you go to be sure they are open. Below is the list from the Chamber of Commerce website showing 2022 off-season restaurant closures:

  • 400 Rabbits – 9/19-25
  • Blue Giraffe 2 – 9/4-19
  • CIP’s – (Today on Facebook, their page says September hours: Lunch CLOSED; also CLOSED all day Tuesdays, CLOSED Labor Day Monday, otherwise Happy Hour 4-6 p.m. & open for dinner at 4 p.m.)
  • Paper Fig Kitchen – 9/18-20
  • Gramma Dot’s – 8/29-9/30
  • Island Pizza – 9/6-19
  • Lighthouse Café – 9/5-9
  • Over Easy Café – 9/12-22
  • Sweet Melissa’s – 9/4-19
  • The Fig – 9/11-13
  • Trader’s – 9/18-10/2
  • Traditions – 9/4-27
  • Tutti Pazzi – 9/6-13.

CROW Visitor Center – Closed September 5 to 9 for Labor Day and fall cleaning. Call to schedule Wildlife Walk Guided Hospital Tours for the week of September 12.

Island Hopper Songwriter Fest – Beginning September 16 and running for ten days, this Southwest Florida festival features performances by singers-songwriters from Nashville and beyond. The first weekend is on Captiva (Sep 16-18), then downtown Fort Myers during the week (Sep 19-22), followed by weekend on Fort Myers Beach (Sep 23-25).  Get the full line-up of performers at www.island-hopperfest.visitfortmyers.com.

International Coastal Clean-Up Day – is Saturday September 17. Several island organizations including the local Association of Realtors©, CROW, and SCCF’s Coastal Watch are participating. For more info or to sign up through SCCF, visit www.Bit.ly/sccf-cleanup-2022 For off-island locations, go to www.KLCB.org/events/coastal-cleanup

SCCF Watch Party – This fundraising event supporting the Foundation’s community-based marine conservation and volunteer program, Coastal Watch, is September 30 from 5:30 to 9 p.m. at Sanibel Sea School (455 Periwinkle Way). It includes live music from Uproot Hootenanny, shrimp boil, other good eats, craft beer, wine, and non-alcoholic beverages, casting competition, 50/50, and more fun ways to give. Tickets available at www.CoastalWatchParty.eventbrite.com.

Plan Ahead for “Taste of The Islands”

CROW’S oldest running fundraiser is evolving again. This year it will be a Sanibel-Captiva restaurant week, scheduled for November 12-19. Restaurants still will feature a “Taste” for judging and panels of judges will do tasting on each Saturday. More details to come in October.

More Insurance News

Posted yesterday, September 1, 2022, on FloridaRealtors© and sourced to The News Service of Florida:

“State-Owned Citizens Insurance May Raise $700K Cap

“TALLAHASSEE, Fla. – With homeowners struggling to find coverage, insurance regulators are looking at the possibility of lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp. Citizens is barred by law from providing what is known as a “replacement cost” coverage of more than $700,000 for homes, except in Miami-Dade and Monroe counties, where the limit is $1 million.

“But as Florida’s property-insurance market has crumbled and home values have soared, many homeowners have been dropped by private insurers and cannot qualify for Citizens coverage because of the $700,000 cap.

During a Citizens committee meeting Wednesday, Susanne Murphy, a deputy commissioner at the Florida Office of Insurance Regulation (FOIR), said that regulators are analyzing whether they could increase the $700,000 cap in at least some counties.

“State law would allow such a move if regulators determine that “there is not a reasonable degree of competition” in those counties. That finding in Miami-Dade and Monroe counties opened the door for an increase to a $1 million coverage limit. “Whether there’s enough data to support that finding is what we’re trying to determine,” Murphy told members of the Citizens Market Accountability Advisory Committee. “The last time we did this (with Miami-Dade and Monroe), it was pretty clear … and I think that the data that we’ve looked at thus far is not as clear as it was years ago.”

“Committee member Lee Gorodetsky, a South Florida insurance agent, said “clients can’t even squeeze into Citizens insurance, even though they want to or need to.” That has resulted, for example, in homeowners having to turn to what is known as surplus-lines coverage, which is largely unregulated and can include more conditions on policies.

“Murphy, a member of the Citizens committee, said it will probably take another month before regulators decide on whether to lift the cap. The discussion about the cap is more fallout from the troubled private insurance market, as carriers have shed policies and sought large rate increases to try to curb financial losses. Since February, five insurers have been deemed insolvent and placed into receivership.

“Citizens, which was created as an insurer of last resort, has been flooded with policies during the past two years. As of Friday, it had about 1.02 million policies. By comparison, it had 499,056 policies on Aug. 31, 2020, and 687,079 policies on Aug. 31, 2021, according to data posted on its website.

“The coverage cap also is tangled in longstanding efforts by state leaders to have homes insured in the private market, rather than by Citizens. Those efforts, in part, stem from concerns about financial risks if the state is hit by a major hurricane or multiple hurricanes.

“Citizens policies had a $2 million coverage cap until 2013 when lawmakers passed a measure to gradually reduce it, with the $700,000 limit in place since 2017. Murphy said increasing the $1 million cap in Miami-Dade and Monroe counties – and potentially other counties – would require the Legislature to change state law. Home values vary in different parts of the state, and most do not exceed $700,000. But the cap issue has drawn particular attention in high-value areas such as Broward and Palm Beach counties.

“As an example, the metropolitan statistical area that includes Miami, Fort Lauderdale and West Palm Beach had a median sales price for existing single-family homes of $595,000 in July, according to the industry group Florida Realtors. In the area that includes Naples, Immokalee and Marco Island, the median sales price was $748,270.”

Sanibel & Captiva Islands Multiple Listing Service Activity Aug 26-Sep 2, 2022

Sanibel

CONDOS

No new listings or sales.

2 price changes: Shell Island Beach Club #6C 2/2 now $1.325M, Sanibel Surfside #125 2/2 now $1.345M.

2 closed sales: Seawind #A105 2/2.5 $885K, Pointe Santo #D44 2/2 $1.3M.

HOMES

1 new listing: 466 Sea Oats Dr 4/4 $2.239M.

1 price change: 1543 San Carlos Bay Dr 4/4 now $2.895M.

5 new sales: 1747 Serenity Ln 3/2 listed at $849K (stats), 1835 Farm Trl 3/2 listed at $899K, 921 Strangler Fig Ln 3/2.5 listed at $999K, 1565 Bunting Ln 3/2 listed at $1.15M (stats), 641 Lake Murex Cir 4/3 listed at $1.279M.

3 closed sales: 1421 Sandpiper Cir 3/2.5 $769K, 1012/14 E Gulf Dr 4/2 $960K, 5802 San-Cap Rd 3/3.5 $1.125M.

LOTS

2 new listings: 4636 Rue Royale $825K, 1729 Jewel Box Dr $1.35M.

No price changes.

1 new sale: 1994 Wild Lime listed at $350K.

1 closed sale: 1321 Seaspray Ln $950K.

Captiva

CONDOS

Nothing to report.

HOMES

1 new sale: 11517 Andy Rosse Ln 4/4.5 listed at $4.995M.

No price changes, new sales, or closed sales.

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.

Here’s hoping you enjoy your Labor Day weekend!

Susan Andrews, aka SanibelSusan

More Island Scoop as Summertime Wraps Up on Sunny Sanibel

Wrapping up another quiet week on sunny Sanibel without the Saharan dust and where the summer breezes pushed east so there were very few showers, except inland. It really has been a nice summer so far – though we continue to watch the tropics and waves coming off Africa.

A favorite photo from 2011 by Jim Anderson, JMA Photographer

At SanibelSusan Realty

This week, our listings had more showings, but overall real estate activity has been slow as shown in the Multiple Listing Service action which is after a couple of news items below.

Demand for real estate here remains high but compared to the action six-plus months ago when properties were selling quickly, often for full price or higher, that no longer is the norm. Buyers are more cautious. Market is shifting.

Teammate Dave and I also received more calls from owners thinking of selling. Most don’t want to give up their property yet or don’t have a replacement to use this winter, so probably will revisit the idea when they come next. Our crystal ball doesn’t extend too far, but you can be sure we closely watch inventory and sales.

Buyers sitting on the fence thinking more choices at lower prices will be available soon, could be disappointed. As we tell prospective purchasers, if you see something you like, buy it. Who knows what will become available next and when. There is no time like the present to enjoy owning on the islands which also is why we understand those not wanting to sell soon, even if they could get a great price.

Sanibel & Captiva Islands Association of Realtors®

Professional Development Committee – The Association’s Professional Development Committee met Tuesday. Due to speaker commitments, some schedules were swapped for the rest of the 2022 Monthly Membership Breakfast Meetings. Details on the August meeting, which was yesterday, are below.

An update of other classes and educational events planned through the year also were discussed. SanibelSusan will participate in the upcoming Bias Override, Code of Ethics, and Core Law classes which are September 12 and 13. She also will proctor the next new member orientation on September 20.

August Membership Meeting – It was almost a full house at the monthly breakfast meeting yesterday, August 18, 2022. Sponsored by Rapid Response Team (affiliate Melanie Holliday), speakers were three affiliate members (John Treblicock Esq. with Goede, DeBoest & Cross; Cameron Govreau with Heidrick & Company; and Brian Chapman with Chapman Insurance Group). As a panel they covered how recently enacted Florida Senate Bill 4-D (Building Safety) affects condominiums.

There were few announcements during the Caravan section of the meeting and just one property was open for viewing, a condo that is “back on the market”, after being listed in May and under contract in July.

Below are some take-aways from the panel discussion on Florida condo changes.

Photo by Melanie Holliday (Rapid Response Team)

Florida Condos – Building Safety – Those complexes affected by the new bill are those with one or more buildings that are three or more stories high. Such buildings located within three miles of coastline require a milestone inspection 25 years from the certificate of occupancy (C.O.). (For those further away, the inspection is required within 30 years from C.O.)

After this milestone inspection, they will be required to have the same inspection performed at least once every ten years thereafter. The inspections must be conducted by a licensed architect or building engineer and include load-bearing walls, primary structural members, systems, and the resulting report must attest to the life safety and adequacy of the structural components of the building.

If a building C.O. was issued on or before July 1, 1992 (which includes most of those on the islands), the initial milestone inspection must be performed before December 31, 2024.

Additionally, a study of the reserve funds required for future major repairs and replacement of the common areas also must be completed by this same date and then updated at least every ten years. Study components shall cover roof, load-bearing walls or other primary structural members, floor, foundation, fireproofing and fire protection systems, plumbing, electrical systems, waterproofing and exterior painting, windows, and any other item that has a deferred maintenance expense or replacement cost that exceeds $10K.

What does all this mean to today’s condo owners? As John said at the beginning of his talk “The era of subsidized condo living is Florida is over.”

For example, no longer will these associations be able to waive their reserves (including for replacement of windows that some have pushed off onto individual owners). It is expected that many associations will have to pony up to get adequate reserve monies in place.

All of this is to improve the safety of condo living but makes it more important than ever for owners and potential owners to thoroughly review the association financial posture and stability. As a new bill, there may be clarification in the next legislative session. With politics involved there likely will be changes. Stay tuned.

Home Prices Still Soaring in Undervalued Cities

Posted Monday, August 15, 2022, on FloridaRealtors® and sourced to Realtor.com.

“Increases in Miami (up 36.2%) and Honolulu (up 23.5%) reflect remote work trends, but 8 cities with “top 10” price increases are ones with still-affordable housing.

“NEW YORK – Some suggest that the hot housing market is slowing down as mortgage rates rise and inventories increase, but the reality is that the demand for houses still outpaces supply, according to experts. There’s a change – and overall demand may have fallen – but there are still more buyers than sellers.

“There are signs, however, that home prices will begin to plateau or slow, as sellers reduce their expectations and sellers look for deals.

““There are several indicators that the national housing market is rebalancing in a more buyer-friendly direction,” says Realtor.com Chief Economist Danielle Hale, but “in these top 10 markets with the biggest price growth, we’re generally seeing signs that the rebalancing seen elsewhere has not progressed as far.”

“The top 10 cities where house prices continue to rise are:

  • Miami, with year-over-year price growth of 36.2% in July
  • Memphis, Tennessee (32.7%)
  • Omaha, Nebraska (31.3%)
  • Wichita, Kansas (25.2%)
  • Greensboro, North Carolina (25.1%)
  • Honolulu, Hawaii (23.5%); Grand Rapids, Michigan (23.2%)
  • Milwaukee, Wisconsin (23.1%)
  • Tulsa, Oklahoma (22.8%)
  • Harrisburg, Pennsylvania (22.3%)

““Eight of these 10 markets have median home list price well below the U.S. average,” Hale says. “The two exceptions, Miami and Honolulu, are warm-weather spots benefiting from ongoing remote work trends and the resumption of domestic and global travel.””

Sanibel & Captiva Islands Multiple Listing Service Activity August 12-19, 2022

Sanibel

CONDOS

6 new listings: Captains Walk #F3 2/2 $620K, Sundial C209 1/1 $799K, Sanibel Moorings #1112 2/2 $1.325M, Shell Island Beach Club #6C 2/2 $1.35M, Sanibel Surfside #125 2/2 $1.395M, Kinzie Island #A 4/4.5 $4.495M.

No price changes.

4 new sales: Loggerhead Cay #331 2/2 listed at $899K, Sundial #G206 1/1 listed at $945K, Somerset #D101 3/2.5 listed at $2.499M, Wedgewood #104 3/3.5 listed at $3.495M.

2 closed sales: Sundial N301 3/2 $1.23M, Sundial H406 2/2 $1.3145M.

HOMES

2 new listings:  1283 Par View Dr 2/2 $1.149M, 1433 Sanderling Cir 4/3 $1.895M.

No price changes.

1 new sale: 542 Boulder Dr 2/2 listed at $1.15M.

1 closed sale: 1260 Par View Dr 3/3 $1.58M.

LOTS

Nothing to report.

Captiva

CONDOS, 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.

Below is our ad from today’s “Island Sun”.

Enjoy your weekend! Susan Andrews, aka SanibelSusan

P.S. Also here’s a pix like the kitten that walked up my front walk at home as I was heading out this week. As I ran to get my phone to take its picture, thinking it was a neighbors pet that escaped, out from behind a bush came its mama. They are bobcats. Gotta love living in paradise!

Summertime Scoop on Sunny Sanibel

With Lee County Schools back in session this week and other folks finishing up vacations, it has been another quiet few days on the islands. Luckily the Saharan dust has kept seasonal showers away much of the time. The good weather has helped some annual projects, including the summer roadside trimming and paving projects underway.

This time of the year, islanders keep a close watch on the tropics. Hard for us long-timers to forget that 18 years ago in August, on Friday the 13th 2004, Hurricane Charley came to visit.

So far, 2022 has been kind to Florida storm-wise. Before heading out, particularly in the afternoons, I check radar on WinkWeather. As they say in Florida, when a shower is coming/or arrives, wait a few minutes and it will pass.

For forecasts for more serious storms, I follow “Mike’s Weather Page” at www.SpaghettiModels.com. He’s on social media too, has links to the national and international projections, and has a track record of accurate predictions.

Island Real Estate Scoop

No weekly Sanibel & Captiva Islands Association of Realtors® Caravan meeting this week, but office calls at SanibelSusan Realty are picking up. Yesterday, teammate Dave and I viewed a condo that should come on the market soon, while yesterday afternoon I showed a home that soon will be available. All signals that snowbirds and winter are right around the corner. Our “Island Sun” ad from today’s paper (below) zeros in on that.

The activity posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

You will notice that there have been few sales this summer. No new ones on either island this week. That also likely will change soon. Supply and demand continue to dictate sale prices.

Below is a summary of Sanibel residential inventory today (August 12, 2022) by the property type (condos, homes, lots) and locations (bayfront, canal, gulf, inland, and near beach). Data from the Sanibel & Captiva Islands Multiple Listing Service.

SANIBEL

CONDOS

Bayfront Canal Gulf Inland Near Beach Total
# Median $ # Median $ # Median $ # Median $ # Median $ # Median $
For sale 0 N/A 0 N/A 16 1,362,000 3 1,198,000 5 685,000 24 1,049,000
Under contract 0 N/A 1 899,000 5 999,000 0 N/A 0 N/A 6 949,000
Sold yr-to-date 6 765,000 9 591,000 73 1,225,000 4 867,000 16 723,000 108 986,111

 

SANIBEL

HOMES

Bayfront Canal Gulf Inland Near Beach Total
# Median $ # Median $ # Median $ # Median $ # Median $ # Median $
For sale 2 7,800,000 9 1,995,000 1 4,295,000 13 1,625,000 7 1,179,000 32 1,795,000
Under contract 1 5,195,000 4 1,620,000 0 N/A 2 784,000 12 1,490,500 19 1,365,000
Sold yr-to-date 3 5,500,000 24 1,862,500 4 4,537,500 16 1,272,500 67 1,306,000 138 1,412,500

 

SANIBEL

LOTS

Bayfront Canal Gulf Inland Near Beach Total
# Median $ # Median $ # Median $ # Median $ # Median $ # Median $
For sale 0 N/A 1 699,000 1 5,995,000 1 348,000 2 672,500 5 699,000
Under contract 0 N/A 0 N/A 0 N/A 0 N/A 2 570,000 2 570,000
Sold yr-to-date 1 1,850,000 2 887,500 1 2,050,000 9 320,000 9 1,620,000 22 577,500

80% of Metros See Double-Digit Price Gains in 2Q

Posted yesterday, August 11, 2022, on Florida Realtors®:

“NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains: Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.

“CHICAGO – Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, more markets saw double-digit annual price gains compared to the prior quarter, according to the National Association of Realtors®’ (NAR) latest quarterly report.

“Of the 185 metro areas tracked by NAR, 80% posted double-digit price gains, up from 70% in the first quarter.

Nationally, the median single-family existing-home price eclipsed $400,000 for the first time, rising 14.2% from one year ago to $413,500. However, year-over-year price appreciation still eased slightly compared to the previous quarter’s 15.4%.

“In Florida, however, prices increased outpaced most of the nation. Of the top 10 metro areas with the largest year-over-year price gains, seven are in Florida:

“Top 10 U.S. metro areas for prices gains in 1Q 2022

  • Fayetteville-Springdale-Rogers, Ark.-Mo. (31.9%)
  • Lakeland-Winter Haven, Fla. (31.4%)
  • Naples-Immokalee-Marco Island, Fla. (28.9%)
  • North Port-Sarasota-Bradenton, Fla. (28.8%)
  • Myrtle Beach-Conway-North Myrtle Beach, S.C.-N.C. (28.5%)
  • Tampa-St. Petersburg-Clearwater, Fla. (28.0%)
  • Cape Coral-Fort Myers, Fla. (27.8%)
  • Punta Gorda, Fla. (27.4%)
  • Ocala, Fla. (26.7%)
  • Ogden-Clearfield, Utah (25.5%)

““Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun. “Overall, the national price deceleration inevitably followed the softening sales, providing well-positioned prospective buyers a small measure of welcomed relief.”

Regionally, the South – the section that includes Florida – accounted for 44% of single-family existing-home sales in the second quarter, and it had the largest price appreciation at 18.2%. Prices increased 12.7% in the West, 10.1% in the Northeast, and 9.7% in the Midwest.

“The top 10 most expensive markets in the U.S., half of which were in California, included:

  • San Jose-Sunnyvale-Santa Clara, Calif. ($1,900,000; 11.8%)
  • San Francisco-Oakland-Hayward, Calif. ($1,550,000; 11.9%)
  • Anaheim-Santa Ana-Irvine, Calif. ($1,300,000; 17.2%)
  • Urban Honolulu, Hawaii ($1,145,000; 17.3%)
  • San Diego-Carlsbad, Calif. ($965,900; 13.6%)
  • Boulder, Colo. ($933,400; 11.8%)
  • Naples-Immokalee-Marco Island, Fla. ($850,000; 28.9%)
  • Los Angeles-Long Beach-Glendale, Calif. ($825,700; 9.2%)
  • Seattle-Tacoma-Bellevue, Wash. ($818,900; 14.4%)
  • Boston-Cambridge-Newton, Mass, N.H. ($722,200; 8.9%)

““The local job market performance and supply availability are the clear distinguishing factors driving local home price growth,” Yun added. “Job growth is positive and should be applauded, but supply restraints are creating unnecessary barriers to ownership opportunities.”

“Housing affordability pains – Housing affordability dramatically tumbled in the second quarter of 2022, driven by sharply rising mortgage rates and climbing home prices. The monthly mortgage payment on a typical existing single-family home with a 20% down payment jumped to $1,841. That’s an increase of $444 – or 32% – from the first quarter of this year and $612 – or 50% – from one year ago. Families typically spent 24.3% of their income on mortgage payments, up from 18.7% the prior quarter and 16.9% one year ago.

“Growing unaffordability impacted first-time buyers looking to purchase a typical home during the second quarter of 2022: For a typical starter home valued at $351,500 with a 10% down payment loan, the mortgage payment rose to $1,810 – a bounce of $433 (or 31%) from the prior quarter and $597 (or 49%) from one year ago. First-time buyers typically spent 36.8% of their family income on mortgage payments, up from 28.7% in the previous quarter. A mortgage is considered unaffordable if the monthly payment (principal and interest) amounts to over 25% of the family’s income. A family needed at least $100,000 to afford a 10% down payment mortgage in 53 markets, nearly double the 27 markets from the prior quarter. Yet, a family needed less than $50,000 to afford a home in 23 markets, down significantly from 63 markets in the previous quarter.”

Sanibel & Captiva Islands Multiple Listing Service Activity August 6-12, 2022

Sanibel

CONDOS

No new listings, price changes, or new sales.

2 closed sales: Nutmeg Village #104 2/2 $850K, Compass Point #201 2/2 $945K.

HOMES

1 new listing:  683 Emeril Ct 2/2 $1.099M.

4 price changes.: 1046 Sand Castle Rd 2/2 now $925K, 1447 Albatross Rd 3/2 now $970K, 1283 Par View Dr 2/2 now $1.149M, 1270 Par View Dr 3/2 now $1.649M.

No new sales.

3 closed sales: 9409 Moonlight Dr 3/2.5 $1.185M, 458 Casa Ybel Rd 3/2.5 $1.25M, 1324 Seaspray Ln 4/4 $3.295M.

LOTS

Nothing to report.

Captiva

CONDOS, 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.

Until next Friday,

Susan Andrews, aka SanibelSusan

Summer Island Weather & Real Estate News

Anyone on Sanibel and Captiva Islands on Monday night got a good example of why SW Florida is the lightening capital of the world. There were so many strikes from about 11 p.m. until just after 2 a.m., that it would be surprising if anyone could sleep through it. Thousands were recorded.
Both Tuesday/Wednesday nights and late day yesterday (and again now) were/are more storms, though not as severe. This time of the year, they often begin inland or on the other coast, slowly traveling west out into the gulf. Their storm clouds create some terrific sunsets, and the rain has been contributing to many rainbows and keeping vegetation green.
Thankfully, though Florida temperatures in August may reach into the 90’s, there haven’t been a lot of those, or at least not yet. It was a breezy 76 degrees F when I left the house early yesterday heading to our Association of Realtors® Thursday caravan meeting. It warmed up to 89 as the day progressed but cooled right back to 80 following the afternoon shower. Forecasters say we could get some 90-degree days over the weekend and early next week with more sporadic showers expected.

Sanibel & Captiva Islands Association of Realtors® Caravan Meeting

Attendance was light and only one property was open for viewing at the Caravan Meeting yesterday. No new sales were announced and just one price reduction, plus one listing coming back on the market.

More Island Real Estate Scoop

Back-on-market listings have been more frequent this year. It happens most when a property sells using the “as is” contract and the buyer comes to view it and/or inspects during the cancellation period. An “as is” sale may be canceled for any reason – or no reason – provided it is within the agreed time period.
Yesterday, I spoke to several Realtors® at the Caravan Meeting. Those working with buyers, say their customers are expecting better “deals” now that the real estate market is shifting. Many, they say, are waiting to see what happens with prices in the weeks/months to come. However, we Realtors® agreed that they shouldn’t always believe what they hear on the news and read on the internet. Talking to a professional local to the area being considered is an important step for any prospective buyer.
The details of the action since last Friday – both with our listings and posted in the Sanibel & Captiva Islands Multiple Listing Service – follows a couple of news items below. First a summary of the island inventory and sales year-to-date (from San-Cap MLS August 5, 2022), including sales during the same time period last year.
Status
SANIBEL
Condos
Homes
Lots
#
Avg $
DOM
#
Avg $
DOM
#
Avg $
DOM
For sale
26
1,262,077
55
34
2,315,117
49
5
1,677,400
97
Under contract
7
1,059,842
42
20
1,712,700
37
2
570,000
253
Sold to-date 2022
107
1,129,467
42
135
1,682,963
58
22
674,670
231
Sold same time last year
199
868,925
139
258
1,287,790
97
56
718,205
473
Status
CAPTIVA
Condos
Homes
Lots
#
Avg $
DOM
#
Avg $
DOM
#
Avg $
DOM
For sale
8
1,620,312
106
9
6,853,085
105
1
15,500,000
132
Under contract
1
1,375,000
42
1
7,250,000
77
0
N/A
N/A
Sold to-date 2022
27
1,468,575
51
20
5,637,525
128
0
N/A
N/A
Sold same time last year
 40
1,068,160
180
35
2,807.868
270
 2
2,950,000
731
If you are wondering what Sanibel properties are available for sale today in the San-Cap MLS, below is a list of the 65 properties available (by property type, then in ascending price order). It illustrates the huge spread between lowest and highest priced in each property type. Inventory is increasing, albeit slowly.
CONDOS
Captains Walk #A6 – 2nd floor 1 bedrm with washer/dryer – $449K
Colonnades #8 – 1st floor 1 bedrm in on-site daily rental program – $489K
Blind Pass #D102 – ground floor 2 bedrm in on-site weekly rental program – $685K
Lake Palms #3 – 2 bedrm  townhome condo – $699K
Blind Pass #D201 -2nd floor 2 bedrm in on-site weekly rental program – $699,007
Sundial #D203 – 2nd floor 1 bedrm in off-site weekly rental program – $850K
Sundial #I-103 – 1st floor 1 bedrm in on-site daily rental program – $850K
Loggerhead Cay #323 – 3rd floor 2 bedrm in weekly rental program – $860K
Sundial #C310 – 3rd floor 1 bedrm in on-site daily rental program – $875K
Sanibel Arms West #K8 – 2nd floor 2 bedrm in on-site rental program – $889K
Loggerhead Cay #331 – ground floor 2 bedrm on weekly rental program – $899K
Loggerhead Cay #271 -ground floor 2 bedrm in weekly rental program – $900K
Sundial #D305 – 3rd floor 1 bedrm with washer/dryer & owner rentals – $950K
2661 Wulfert Rd, Sanctuary Golf Villages #2 – ground floor 3 bedrm – $1.198M
2633 Wulfert Rd, Sanctuary Golf Villages #5 – 3rd floor 2 bedrm – $1.299M
Pointe Santo #E21 – 2nd floor 2 bedrm with weekly rentals – $1.325M
Sundial #F403 – 4th floor 2 bedrm in on-site daily rental program – $1.325M
Pointe Santo #D41 – 4th floor 2 bedrm with roof-top deck & weekly rentals – $1.399M
Pointe Santo #B44 – 4th floor 2 bedrm with roof-top deck & weekly rentals – $1.4M
Pointe Santo #A25 – 2nd floor gulf-front 2 bedrm with weekly rentals – $1.4M
Sanibel Surfside #116 – 1st floor gulf-front 2 bedrm with weekly rentals & cabana – $1.495M
Sanibel Surfside #122 – 2nd floor gulf-front 2 bedrm with weekly rentals – $1,54M
Sanddollar #A302 – gulf-front 3 bedrm in weekly rental program – $1,85M
Seascape #302 – 1st floor 3 bedrm – $2.495M
Somerset #D101 – 1st floor 3 bedrm – $2.499M
Wedgewood #104 – 2nd floor gulf-front 3 bedrm – $3.495M
HOMES
1835 Farm Tr, Island Woods – 3 bedrm 2 ba inland – $899K
1046 Sand Castle Rd, The Dunes – 2 bedrm 2 ba – $942K
1447 Albatross Rd, The Dunes – 3 bedrm 2 ba with pool – $980K
1382 Tahiti Dr, Tradewinds – 3 bedrm 2 ba near-beach – $995K
671 Durion Ct, East Rocks – 3 bedrm 2 ba near-beach with pool – $1.095M
9476 Balsa Ct, Gumbo Limbo – 3 bedrm 2 ba inland with pool – $1.135M
542 Boulder Dr, East Rocks – 2 bedrm 2 ba near-beach with pool – $1.150M
749 Cardium St, Sanibel Shores – 3 bedrm 2 ba near-beach with pool & owner rentals – $1.179M
1283 Par View Dr, Beachview Country Club Estates – 2 bedrm 2 ba with pool & rentals – $1.199M
1018 S Yachtsman Dr, Sanibel Estates – 3 bedrm 3 ba canal-side with pool – $1.295M
9448 Begonia Ct, Gumbo Limbo – 3 bedrm 2.5 bath lakeside inland – $1.35M
4677 Rue Bayou, Chateaux Sur Mer – 3 bedrm 3 ba near-beach with pool – $1,495M
1224 Kittiwake Cir, The Dunes – 3 bedrm 2 ba lakeside with pool – $1.625M
917 Lindgren Blvd, Shell Harbor – 3 bedrm 2 bath canal-side with pool – $1.692M
1270 Par View Dr, Beachview Country Club Estates – 3 bedrm 2 ba with pool – $1.699M
9020 Mockingbird Dr, The Dunes – 3 bedrm 2 bath lakeside with pool – $1,795M
6136 Henderson Rd, Betts – 3 bedrm 2 ba with on direct access canal – $1.795M
931 S Yachtsman Dr, Sanibel Estates – 4 bedrm 3.5 ba canal-side with pool & rentals – $1.895M
9027 Mockingbird Dr, The Dunes – 4 bedrm 3 ba lakeside with pool – $1.895M
1433 Sanderling Cir, The Dunes – 4 bedrm 3 ba lakeside with pool – $1.975M
2474 Wulfert Rd, The Sanctuary – 4 bedrm 4.5 ba with pool – $1.995M
896 Angel Wing Dr, Shell Harbor – 3 bedrm 2.5 ba canal-side with pool – $1.995M
2729 Wulfert Rd, The Sanctuary – 4-bedrm 4.5 ba with pool – $1.998M.
5855 Sanibel-Captiva Rd, Metes & Bounds – 3 bedrm 2 ba with pool on bayou – $2.275M
424 East Gulf Dr, Sanibel Estates – near-beach duplex with pool, 2 bedrm 1 ba each side – $2.599M
4353 Gulf Pines Dr, Gulf Pines – 3 bedrm 2.5 ba near beach – $2.85M
1543 San Carlos Bay Dr, Sanibel Isles – 4 bedrm 4 ba with pool on deep-water canal – $2.995M
1690 Sabal Palm Dr, Water Shadows – 5 bedrm 3 ba with pool on deep-water canal – $3.177M
543 East Gulf Dr, Sanibel Estates – beach-front 2 bedrm 2 ba “Summer of 42” – $3.5M
1520 Angel Dr, Sanibel Isles – 4 bedrm 4.5 ba with pool on deep-water canal – $3.655M
2969 Wulfert Rd, The Sanctuary – 6-bedrm 6.5.5 ba with pool – $3.695M
1318 Seaspray Ln, Seaspray – 5-bedrm 3.5 ba gulf-front – $4.295M
1558 & 1545 San Carlos Bay Dr, Sanibel Isles – bayfront 3 bedrm 3.5 ba with pool & dock lot – $4.35M
1191 Bird Ln, Richardsons – bayfront 5 bedrm 4.5 ba with pool & 2 boat lifts – $11.25M.
LOTS
2462 Wulfert Rd, The Sanctuary – golf course – $348K
1994 Wild Lime Dr, Sanibel Bayous – near-beach – $350K
1084 S Yachtsman Dr, Sanibel Estates – canal – $699K
3005 Turtle Gait Ln, Cardinal Ridge – acre plus near-beach – $995K
West Gulf Dr parcel 1, Metes & Bounds – gulf-front – $5.995M
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.

Update on Sea Turtle Nesting

Posted Tuesday morning on FB by an island volunteer: “Things were slow on the beach this morning after some heavy storms last night. I checked the condition of 18 nests in the zone I cover. While loggerhead sea turtle nesting is starting to wind down, hatching season is ramping up. 773 nests have hatched on Sanibel and Captiva beaches so far, with many of those reported hatches occurring last week. Thanks to the hard work from our volunteers and staff, 15,548 hatchlings have already emerged this season. Currently, there are 483 nests incubating on the islands, and more are expected to trickle in throughout August. (All sea turtle monitoring and research activities are conducted by trained individuals operating under Marine Turtle Permit #047)”

New August Schedule at CROW

The CROW (Clinic for the Rehabilitation of Wildlife) Connection received this week advises that for the month of August there will be just ONE daily presentation at 11 a.m. (Mondays-Fridays) with ONE wildlife walk guided hospital tour each day after that presentation. Also, the Visitor Education Center will be closed Saturdays and Sundays.

Vacation Rental Company Sold

Back in June, Island Vacations of Sanibel & Captiva sold to Gulf Coast Vacation Rentals which is a division of Gulf Coast Property Management, which has expanded beyond the Florida panhandle. Island Vacations will continue to operate under the same name.

Sanibel & Captiva Islands Multiple Listing Service Activity July 29-August 5, 2022

Sanibel
CONDOS
3 new listings: Sundial #D203 1/1 $850K, Sundial #I103 1/1 $850K, Loggerhead Cay #331 2/2 $899K.
2 price changes: Somerset #D101 3/2.5 now $2.499M, Wedgewood #104 now $3.495M.
2 new sales: Seawind #105 2/2.5 listed at $899K, Pointe Santo #D44 2/2 listed at $1.399M.
4 closed sales: Spanish Cay #A4 2/2 $638.5K, Sandalfoot #2A2 $860K, Gulfside Place #210 2/2 $1.33M, Atrium #301 $1.959M.
HOMES
1 new listing:  9448 Begonia Ct 3/2.5 $1.35M.
No price changes.
4 new sales: 531 Birdsong 3/2 listed at $799K, 446 Lake Murex 2/2 listed at $820K, 1289 Par View Dr 3/2 listed at $999K, 488 Lighthouse Way 4/4 listed at $5.195M.
2 closed sales: 3947 Coquina Dr 2/2 $1.125M, 2658 Coconut Dr 3/2 $2.489M.
LOTS
Nothing to report.
Captiva
CONDOS
No new listings, price reductions, or closed sales.
1 new sale: Marina Villas #902 2/2 listed at $1.375M.
HOMES
1 new listing: 16512 Captiva Dr 7/5.5 $11.995M.
No price reductions or new sales.
1 closed sale: 11524 Andy Rosse Ln 5/5.5 $3.995M.
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.
Below is our ad from today’s “Island Sun”.
Enjoy your weekend! 

Susan Andrews, aka SanibelSusan

Little Rain This Week on Sunny Sanibel

It has been another quiet week on the islands. No meeting at the Association of Realtors® and little action reported by the Sanibel & Captiva Islands Multiple Listing Service. No new listings on either island. That MLS activity since last Friday is posted after a couple of news items below. Also, our “Island Sun” ad from the paper today.

Photo below from Thistle Lodge. Was great to return there last week for dinner. Service, food, and view still as terrific as ever! Also had lunch today at Doc Ford’s. It also remains a favorite!

Economic News

All eyes are on the economy. Wednesday when the Federal Reserve enacted its 2nd consecutive 0.75%-point interest rate increase as it tries to slow down runaway inflation, we couldn’t help but wonder when all of this will stop affecting island sales.

This week, we are thankful that the Sanibel-Captiva Bank again got a transaction done on time for a client. We love it when we can make a recommendation and it turns into a positive experience.

Local Schools Starting August 8

With Lee County schools starting in just two weeks, local kiddos already are preparing to go back.

It sure was a fast summer this year!

Inching Closer to Recession

The Sumer 2022 issue of Realtor® magazine arrived this week. It includes the following article by NAR (National Association of Realtors®) Chief Economist, Lawrence Yun:

“The next downturn may be different than the last. Look to commercial real estate for clues about the direction of the economy.

“The U.S. gross domestic product contracted in the first quarter by 1.5%. The stock market has bee tumbling. Inflation is stubbornly high. The Federal Reserve plans to continue raising interest rates. Pending home sales have fallen for six straight months and are now trending slightly below 2019 levels. The economy, in short, is on the verge of a recession.

“Yet, it will not be a straightforward recession. Despite hiring freezes at tech firms and recent job cults among mortgage lenders as refinance business dries up, the bigger problem for the economy is not a lack of jobs but rather a shortage of workers. Statistically, there are two job openings for each unemployed person. That’s why wages are up an average of 5.5% from a year ago, to nearly $32 per hour nationwide. However, inflation is gobbling the increase up with an 8% rise in cost of living.

“A recession typically means bad news for commercial real estate. But this time, the condition of the commercial market may not be an indicator about the direction of the overall economy. Demand for apartments and single-family rentals is booming because of consistent job gains and affordability challenges in the For Sale market. Low vacancy rates, though, have pushed up average rents significantly this year.

“Demand for warehouse space has surged as retailers took to avoid supply-chain disruptions. The retail sector is recovering, with more fitness gyms, nail salons, and restaurants popping up in the suburbs. Hotel bookings, air travel, and park attendance, are above pre-pandemic levels. Consumer spending in the GOP calculation was up a solid 3.1%, even after adjusting for inflation.

“Weak trade numbers – exports were down, and imports were up – brought the fall in GDP. Homeowners, after all, have accumulated sizable housing wealth: $75,100 in the last two years and $155,400 over the past five years. The stock market is going through a painful correction, though the broad S&P 500 index is up by 70% from five years ago. That’s why total net household wealth has essentially doubled from 10 years ago.

“The office market is another story. There’s no strong desire on the part of employees to return to their downtown offices. Google’s GPS tracker shows robust movement just about everywhere except in office locations during work hours. Some form of working from home will be a permanent feature of the post-COVID-19 economy. This is also the reason traffic jams are happening more often on weekends than on weekdays. Welcome to the new normal.”

Sanibel City Happenings

Tuesday was Land Development Code meeting where the agenda was the proposed revisions to the Land Development Code pertaining to Chapter 94-Floods based upon the updated FEMA Flood Insurance Rate Maps (FIRM) which include the delineation of the Limit of Moderate Wave action (LiMWA).

Though these new FEMA maps are not effective until mid-November, they result in positive changes for many island properties. The new maps may be viewed in person at City Hall in the Planning Department. Electronic versions may be seen and downloaded through the   These new maps may be viewed in person at the Planning Department at City Hall.  Electronic versions may be viewed and downloaded through the FEMA Flood Map Service Center search by entering the State, County and Community in the drop down menus.

Sanibel & Captiva Islands Multiple Listing Service Activity July 22‑29, 2022

Sanibel

CONDOS

No new listings.

1 price change: Loggerhead #323 2/2 now $860K.

No new sales.

3 closed sales: Captains Walk #A5 2/1 $549K (our buyer), Sandalfoot #1A3 2/2 $1.135M, Pine Cove #101 3/2 $1.65M.

Captains Walk Bldg A

HOMES

No new listings.

1 price change: 446 Lake Murex Cir 2/2 now $820K.

5 new sales: 4052 Coquina Dr 3/2 listed at $1.199M, 5802 San-Cap Rd 3/3.5 listed at $1.365M 5690 San-Cap Rd 3/3 listed at $1.875M, 437 Lake Murex Cir 5/3 listed at $1.95M, 1318 Seaspray Ln 5/3.5 listed at $4.295M

3 closed sales: 1545 Serenity Ln 3/2 $820K, 947 Lindgren Blvd 3/2 $1.2M, 585 Chert Ct 3/2 $1.48M.

LOTS

No new listings or price changes.

1 new sale: 1321 Seaspray Ln listed at $995K.

1 closed sale: 1226 Isabel Dr $1.85M.

Captiva

CONDOS, 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!

Until next Friday, Susan Andrews, aka SanbelSusan