Another Friday On Sanibel


A steady increase in traffic is noticeable here on the island, which we expect to continue through Easter. The weather has been great this week, but an additional cold front is expected to arrive this weekend and is due to stay around all next week. Wednesday morning low looks to be in the 30’s.

Sanibelcityseal logoBoat Ramp Rehabilitation Project Complete

The City of Sanibel Boat Ramp Rehabilitation project is complete and now open to the public. The project consisted of removal and replacement of the deteriorated concrete boat ramp. The completed boat ramp includes modified slopes for improved boating access and a new v-groove pattern for added vehicle traction. The dock walkways were widened and a railing added for safety. Parking at the boat ramp is available as paid hourly or through a valid Sanibel “C” parking pass.

Sanibel & Captiva Multiple Listing Service Activity January 5-12, 2018

Sanibel

CONDOS

4 new listings: Sundial West #J307 2/2 $759K, Surfside 12 #A1 3/2 $799K, Sanibel Arms West #D5 2/2 $849K, By-The-Sea #B202 2/2 $1.249M.

6 price changes: Lighthouse Point #220 2/2 now $450K, Mariner Pointe #521 2/2 now $475K, Sanibel Arms West #H2 2/2 now $499K, Mariner Pointe #1061 2/2 now $589.9K (our listing), High Tide #C101 2/2 now $939K, Gulfside Place #123 2/2 now $1.248M.

1 new sale: Blind Pass #D105 2/2 listed at $419K.

4 closed sales: Sundial West #G105 1/1 $425.1K, Loggerhead Cay #153 2/2 $870K, Sanibel Moorings #1221 3/2.5 $965K, By-The-Sea #9 3/2 $1.749M.

HOMES

8 new listings: 6143 Henderson Rd 4/3 $489K, 1169 Sand Castle Rd 3/2 $679K, 1550 Centre St 4/3 $725K, 1245 Anhinga Ln 3/2 $875K, 938 Pecten Ct 3/2.5 $1.195M, 569 Lighthouse Way 3/3 $1.395M (our listing), 4641 Belle Mer 3/2.5 $3.295M, 1310 Seaspray Ln 4/4 $5.795M.

6 price changes: 3784 Coquina Dr 3/3 now $625K, 9446 Beverly Ln 3/3.5 now $874.5K, 1470 Angel Dr 3/2 now $920K, 5402 Osprey Ct 4/3 now $1.025M, 1672 Hibiscus Dr 3/2 now $1.249M, 2167 Starfish Ln 4/4.5 now $1.975M.

8 new sales: 9292 Kincaid Ct 3/2 listed at $489K, 5301 Ladyfinger Lake Rd 3/2 listed at $649K, 1323 Par View Dr 3/2 listed at $649K, 1513 Sand Castle Rd 3/2.5 listed at $689K, 1314 Par View Dr 3/2 listed at $800K, 1341 Sand Castle Rd 3/2 listed at $845K, 1035 Kings Crown Dr 4/3 listed at $1.7495M, 547 Kinzie Island Ct 4/4.5 listed at $1.789M.

4 closed sales: 1312 Par View Dr 3/2 $685K, 700 Nerita St 3/2 $675K, 932 Whelk Dr 3/3 $1.15M, 3869 West Gulf Dr 6/7/2 $7.8M.

LOTS

7 new listings: 1313 Par View Dr $365,555; 809 Pyrula Ave $475K; 217 Violet Dr $575K; 3304 Saint Kilda Rd $699K; 6000 White Heron Ln $169K; 0 Sawgrass Pl $949K; 1321 Seaspray Ln $995K.

3 price changes: 2486 Wulfert Rd now $169K, 0 Island Inn Rd now $279K, 5251 Indian Ct now $729K.

No new or closed sales.

 Captiva

CONDOS

1 new listings: Beach Villas #2621 2/2 $650K.

No price changes or new sales.

3 closed sales: Sunset Captiva #201 2/2 $830K, Beach Homes #7 2/2 $1.4M, Beach Homes #8 4/3 $2.35M.

HOMES

1 new listing: 10 Sunset Captiva Ln 2/2.5 $989K.

1 price change: 11509 Chapin Ln 4/4 now $2.149M.

2 new sales: 15154 Wiles Dr 4/3 listed at $1.495M, 16167 Captiva Dr 4/3 listed at $1.595M.

1 closed sales: 14865 Mango Ct 2/2 $850K.

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.

Have a Great Weekend!

Elise for The SanibelSusan Team

Brrrr…It’s Cold Outside


Well, this week has been a cold week on Sanibel. We won’t complain though, as we are thinking of everyone elsewhere in the US dealing with far greater cold temps. Stay warm & safe everyone.

Insurers Try New Tactic To Limit Damage Claims

Florida Realtors logoHere is an article posted on FloridaRealtors® website: Some Florida homeowners are discovering their insurance companies are employing an interesting strategy to avoid future claims costs.

Settlement checks sent by at least three companies include language stating that accepting the check releases the companies from further obligations connected to the claim.

Plaintiffs’ attorneys say they have major problems with this strategy: It tries to intimidate policyholders into not seeking payment for additional costs that come up during repairs and is likely unenforceable.

Palmetto Bay-based trial attorney Joe Ligman pointed to a section of Florida insurance law stating an insurer, after paying “actual cash value” for an insured loss minus any applicable deductible, “shall pay any remaining amounts necessary to perform such repairs as work is performed and expenses are incurred.”

But that’s not what notices from two of Florida’s largest insurers say.

On the back side of checks sent to homeowners, Fort Lauderdale-based Universal Property & Casualty includes the statement that an endorsement by the payee “constitutes receipt and release in full settlement for the claim or item mentioned in the draft.” Universal P&C is the state’s largest property insurer, with 612,227 policies statewide and 237,172 in the tri-county region as of Sept. 30, according to state records.

Along with a check sent to at least one of its homeowners, Deerfield Beach-based People’s Trust Insurance sent a letter stating that “your endorsement of the indemnity check constitutes a full accord and satisfaction of a disputed loss.”

And a third company, Sarasota-based Gulfstream Property and Casualty Insurance Co., enclosed with checks to at least two victims of Hurricane Irma a “release of property damage” that “does hereby … release, acquit and forever discharge” the company and its officials “from any and all claims, actions, causes of actions, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever” stemming from the hurricane.

By contrast, state-run Citizens Property Insurance Corp. acknowledged in December that rising labor and materials costs triggered by Hurricane Irma would likely result in higher repair costs than initially estimated.

“As they go through the claims and repairs process, things will come up that may require us to readdress [and reopen] the claim,” Citizens spokesman Michael Peltier said Wednesday.

Locke Burt, chairman and president of Ormond Beach-based Security First Insurance, said his firm does not send release language with its claims checks “because we agree with the trial lawyer. It wouldn’t stand up in court.” Plus, he said, “We wouldn’t treat people that way.”

The Sun Sentinel contacted Universal P&C, People’s Trust and Gulfstream and asked each why they assert that acceptance of a settlement check releases them from supplemental claims.

The state law requiring insurers to pay any remaining amounts for additional work does not apply to People’s Trust, which operates a unique business model known as “managed repair,” countered Amy Rosen, the company’s chief marketing officer.

The company, with 129,626 policies statewide and 56,511 in the tri-county region, provides a premium discount in exchange for a customer’s agreement to use its affiliated “Rapid Response Team” contractor to make repairs. Rosen said it only sends the letter asserting acceptance of its check releases it from future obligations when a policyholder “wishes to receive a monetary payment in exchange for [the company’s] agreement to waive its right to have [the Rapid Response Team] perform the repairs.”

“If the insured accepts the monetary payment … then a settlement has been reached,” Rosen said. “If the insured does not accept the payment, then [the Rapid Response Team] repairs the property and, if additional covered damage is found, that is also repaired.”

Perry Cone, Gulfstream’s general counsel, declined to respond to questions about why it directs its policyholders to sign the release forms. “Gulfstream absolutely follows Florida law in its claims handling processes,” Cone wrote.

Travis Miller, spokesman for Universal Property & Casualty, said the statement on the checks “does not preclude claims for replacement costs or supplemental damage,” adding it “represents payment for items that have been reported to the insurer, have been reviewed, and are included within the scope of the draft.” He said other statements with the check will specify that the release pertains to a portion of coverage the check is for, such as additional living expenses, and “does not affect other payments such as replacement costs or other portions of the same claim [or any other claim.]”

Trial attorney Ligman, representing a policyholder who has declined to endorse a check from Universal, has filed a petition asking a Miami-Dade County circuit court judge to determine whether endorsement of the company’s check would bar him from making future claims.

“Universal refuses to change their check policy and continues to send the check release endorsement in violation of Florida law in order to trick their insureds to believe that they are releasing all future claims,” the petition states.

Sanibel & Captiva Multiple Listing Service Activity December 29, 2017 – January 5, 2018

Sanibel

CONDOS

1 new listing: Sandy Bend #4 2/2 $779K.

6 price changes: Tennisplace #D21 1/1 now $244.8K, Captains Walk #B2 1/1 now $249K (our listing), Lighthouse Point #220 2/2 now $450K, Pine Cove #102 3/2 now $1.25M, Gulfside Place #123 2/2 now $1.273M, Plantation Village #312 3/2.5 now $1.749M.

1 new sale: By-The-Sea #9 3/2 listed at $1.749M.

2 closed sales: Sanibel Arms #F2 1/1 $470K, Nutmeg Village #205 2/2 $745K.

HOMES

8 new listings: 9477 Peaceful Dr 3/2 $537K; 887 Casa Ybel Rd 5/3 duplex $575K; 1513 Sand Castle Rd 2/2.5 $689,000; 3010 West Gulf Dr 3/2 $799K; 529 Lake Murex Cir 3/2 $799,997; 9028 Mockingbird Dr 4/3 $889K; 4960 Joewood Dr 3/3 $1.049M; 940 Spoonbill Ct 3/2.5 $1.195M.

6 price changes: 9292 Kincaid Ct 3/2 now $489K, 4542 Bowen Bayou Rd 3/2 now $548K, 1327 Tahiti Dr 2/2 now $630K, 6123 Starling Way 3/2.5 now $1.225M, 1995 My Tern Ct 4/2 now $1.389M; 2029 Periwinkle Way 4/3 now $1.899M.

12 new sales: 1613 Sand Castle Rd 3/2.5 listed at $499K, 9446 Yucca Ct 3/2 listed at $545K, 2521 Key Lime Pl 3/2 listed at $599K, 241 Violet Dr 3/2.5 listed at $750K, 335 East Gulf Dr 3/2 listed at $1.095M, 1307 Par View Dr 3/3 listed at $1.1M, 1277 Par View Dr 4/3.5 listed at $1.15M, 1106 Buttonwood Ln 3/2 listed at $1.2M, 1313 Eagle Run Dr 3/3 listed at $1.35M, 1052 Whisperwood Ln 3/3 listed at $1.499M, 3945 West Gulf Dr 3/3 listed at $3.195M, 4115 West Gulf Dr 4/5 listed at $5.485M.

4 closed sales: 725 Nerita St 2/1 $385K, 5292 Umbrella Pool Rd 3/2 $540K, 3273 Twin Lakes Ln 3/2 $820K, 4155 West Gulf Dr 4/3 $4M.

LOTS

No new listings or price changes.

1 new sale: 667 Birdie View Pt listed at $345K.

No closed sales.

 Captiva

CONDOS

1 new listing: Tennis Villas #3216 1/1 $330K.

1 price change: Marina Villas #610 2/2 now $725K.

1 new sale: Beach Villas #2514 2/2 listed at $609K.

No closed sales.

HOMES

2 new listings: 20 Urchin Ct 2/2.5 $989K, 16801 Captiva Dr 3/3.5 $2.695M.

2 price changes: 1114 Schefflera Ct 4/3.5 now $2.899M, 15133 Captiva Dr 3/3 now $3.2M.

1 new sale: 1121 Schefflera Ct 4/4.5 listed at $5.6M.

2 closed sales: 11461 Old Lodge Ln 2/2 $995K, 11500 Gore Ln 3/2 $1.15M.

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.

Have A Great Weekend!

Elise for The SanibelSusan Team

 

 

 

 

 

 

 

 

 

 

 

 

 

Happy New Year From Sanibel


We have enjoyed another week of nice weather here on Sanibel. Today and into the New Year we are expecting a “cool front” with morning lows in the 50’s (later next week to be in the 40’s) & the afternoons warming to the mid 60’s, low 70’s. Lots of people this week, walking, biking, & filling up the roads. Here at the office we know when it is 3:30, as the cars are stopped on the road out front.

polar bear plungeNew Year’s Day Polar Bear Plunge

On Monday, January 1, the Sanibel-Captiva Chapter of the National Polar Bear Club will hold its 18th annual meeting at “the crack of noon” at Tarpon Bay Beach (the south/gulf end of Tarpon Bay Road). The meeting will begin with the singing of the traditional Polar Bear anthem by the Cubbies (first-timers), Juveniles (one-time previous dippers) and seasoned Adult bears (those who took the plunge in previous years). Following the anthem, the Polar Bears will enter the “icy” gulf waters. Everyone is welcome. Chairs and coolers are optional.

Sanibel Library Earns Award

sanibel libraryThis year marks the fourth time the Sanibel public library has been recognized as one of the best libraries in the country by Library Journal. The rating is based on the number of people walking through the library’s doors, number of program attendees and the number of books checked out. The rating is also based on electronic material.

“Ding” Darling Announces 2018 Film Series

ding darlingThe sixth annual “Ding” Darling Wednesday Film Series kicks off its bi-weekly showings this winter with a schedule of seven films that explore natural facets from pollinators and coral to wild Florida and the war on coal. It runs Jan. 10 through April 4.“Ding” Darling Wildlife Society-Friends of the Refuge hosts the free film showings in the “Ding” Darling Visitor & Education Center with sponsorship from Sanibel-Captiva Beach Resorts. Seating is limited and on a first-come basis.

Below are the season’s scheduled films. All films begin at 1 p.m. except the Jan. 24 film, which airs at 10a.m. A short discussion will follow each film to allow visitors to gain more from their documentary-viewing experience by listening to other people’s points of view and analyzing what they just watched. For full descriptions of the films, please visit www.dingdarlingsociety.org

Jan. 10 – Wings of Life

Jan. 24 – Tapped

Feb. 7 – From the Ashes

Feb. 21 – Chasing Coral

March 7 – The Forgotten Coast: Return to Wild Florida

Mach 21 – Mission Blue

April 4 – STRAWS

Sanibel & Captiva Multiple Listing Service Activity December 22-29, 2017

Sanibel

CONDOS

1 new listing: Sundial West #F308 1/1 $439K.

No price changes.

3 new sales: Sanibel Moorings #1221 3/2.5 listed at $1.095M, White Sands #32 2/2.5 listed at $1.095M, Bandy Beach #A101 3/2 listed at $1.299M (our Buyer).

1 closed sale: Captains Walk #A8 2/2 $347K.

HOMES

2 new listings: 5299 Umbrella Pool Rd 3/2.5 $539K, 5411 Osprey Ct 3/2 $1.295M.

2 price changes: 563 Hideaway Ct 3/2 now $699K, 4460 Waters Edge Ln 3/2 now $898K.

3 new sales: 1394 Middle Gulf Dr half-duplex listed at $524.9K, 1943 Sanibel Bayou Rd 3/3 listed at $649.9K, 5743 Baltusrol Ct 3/3/2 listed at $1.495M.

6 closed sales: 1390 Middle Gulf Dr 3/3 half-duplex $430K, 1187 Sand Castle Rd 3/2 $635K, 2030 Sunrise Cir 3/3 $605K, 1195 Par View Dr 3/2.5 $1M, 519 Kinzie Island Ct 3/2.5 $1.25M, 750 Periwinkle Way 5/4 $1.49M.

LOTS

2 new listings: 4538 Bowen Bayou Rd $258K, 1817 Long Point Ln $399,555.

2 price changes: 5116 Sea Bell Rd now $169.5K, 5126 Sea Bell Rd now $169.5K.

No new or closed sales.

 Captiva

CONDOS

No new listings or price changes.

1 new sale: Captiva Shores #4B 3/2.5 listed at $1.495M.

No closed sales.

HOMES

4 new listings: 41 Oster Ct 2/2.5 $1.085M, 16163 Captiva Dr 3/2 $2.795M, 1124 Longifolia Ct 4/5 $4.3M, 15867 Captiva Dr 3/3.5 $4.895M.

No price changes.

1 new sale: 11526 Laika Ln 4/4 duplex listed at $1.749M.

No 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.

happy new year

Happy New Year!

Elise for The SanibelSusan Team

Merry Christmas from Sanibel


It’s been a beautiful weather week, some fog in the early mornings, but with sunny skies every day. The Christmas Eve & Christmas Day forecasts look just as nice & sunny.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoAs a reminder, there was no Realtor® Caravan this week, but the every-Thursday-morning schedule begins again on Dec 28 with a West Caravan.

ding darling goose logoFree Refuge Programs and Tours Begin In January 

This year, JN “Ding” Darling National Wildlife Refuge adds a new Horseshoe Crab program to its calendar of daily free tours and activities. The seasonal calendar of free programs and tours begins on Tuesday, January 2 and runs through April 8. Daily programs begin at 8:30 a.m. and include programs such as Nature Photography, Beach Walk, Birds of Prey, and Indigo Trail Walk. They have something for visitors of all ages and the programs/tours last anywhere from a half hour to two hours. For a full calendar of programs/tours and descriptions, visit http://www.dingdarlingsociety.org

henderson-franklinRent Tax Reduced Beginning January 1, 2018

Here is an article written by Henderson Franklin, Attorneys at Law:

The Florida Legislature recently delivered a small win for the business community with Florida House Bill 7109. Effective January 1, 2018, Florida Statute 212.031(1)(c) is amended by lowering the sales tax levied against commercial tenants from 6% to 5.8%. A more significant decrease would have been better, but commercial tenants will take what they can get, we suspect. The tax – known as the Business Rent Tax or “the BRT” – affects commercial tenants including retail, office space, and industrial tenants.

What is the BRT?

The Florida Legislature enacted the BRT in 1969, declaring that the business of renting, leasing, letting or granting a license for the use of commercial real property is a “taxable privilege.” In part because Florida has no personal income tax, the state government relies on sales taxes, including the BRT, as a significant source of revenue. Many local governments also impose a local option sales tax on top of the state BRT.

Florida is the only state to levy a statewide tax against commercial tenants, and thereby creates a competitive disadvantage for Florida businesses that lease rather than own their commercial space.

House Bill 7109

Florida’s BRT is unique from a national perspective in two respects: not only is it the only standard, statewide sales tax on commercial real estate rents, but unlike other corporate taxes, it is not pegged to profitability. As a result, the BRT significantly raises occupancy costs on all commercial tenants, regardless of their financial condition. New and/or struggling businesses in Florida may have the greatest difficulty with the burden this tax creates, and these businesses are likely to benefit the most from the tax relief in House Bill 7109.

Takeaway

Many voices within Florida’s business community have pushed for years for steep cuts to the BRT and, beginning in 2018, start to see their lobbying efforts bear fruit. Considering the significant impact the tax has on occupancy costs, the BRT should continue to be the subject of considerable debate in Tallahassee. As with all tax matters, please consult with your tax professional.

homesteadYou Can Inherit A Home, But You Can’t Inherit Taxes

Here is a helpful article posted at FloridaRealtors®. This one on Dec 18, 2017 is credited to Marty Kiar, Broward County property appraiser.

“The family home often passes from generation to generation as parents pass on, but Broward County’s property appraiser says he often gets a similar question the following year: Why did my property taxes go up so much?

“This happens when the decedent’s Homestead Exemption is removed the year following their passing and the Save Our Homes value is reset,” says Broward’s Marty Kiar. While alive, the parents had a cap on the amount their property taxes could go up each year thanks to Florida’s homestead exemption.

However, that protection ends and the house’s taxable value resets when it gets a new owner, even if that new owner inherited the house from his or her parents. In some cases, that higher taxable value can be dramatic.

Kiar notes only a few exceptions: A surviving spouse can inherit a house as well as the existing tax savings via Save Our Homes, as can a “legal dependent who was permanently residing on the property at the time of the decedent’s death.”

In all other cases, the new owner – even if he or she grew up in that house – must file for a new Homestead Exemption when they become the legal owner. Once filed, they also then have protection from yearly increases through Save Our Homes, though going forward it’s based on the first year they applied for the Homestead Exemption.”

Sanibel & Captiva Multiple Listing Service Activity December 15-22, 2017 

Sanibel

CONDOS

7 new listings: Spanish Cay #4 2/2 $374K, Sundial West #G105 1/1 $425K, Blind Pass #B211 2/2 $469K, Sunset South #1A 2/2 $775K, Loggerhead Cay #134 2/2 $995K, Tanglewood #1A 3/2 $1.149M, Atrium #201 3/3 $1.495M.

3 price changes: Sundial West #G204 2/2 now $649,999; Island Beach Club #220E 2/2 now $979K; Pointe Santo #E23 2/2 now $995K.

2 new sales: Sundial West #G105 1/1 listed at $425K, Sundial West #J207 2/2 listed at $695K.

6 closed sales: Seashells #44 2/2 $320K, Captians Walk #B5 2/1 $340K, Sundial West #C306 1/1 $404.5K, Blind Pass #B207 2/2.5 $469K, Sanibel Arms West #G8 2/2 $475K, Bougainvillea #A3 4/4 $3.55M.

HOMES

12 new listings: 1613 Sand Castle Rd 3/2.5 half-duplex $499K, 1027 Sand Castle Rd 2/2 $575K, 693 Rabbit Rd 3/2 $579K, 2521 Key Lime Pl 3/2 $599K, 1357 Jamaica Dr 2/3 duplex $650K, 1521 Wilton Ln 3/2 $784.5K, 4791 Rue Helene 3/2 $875K, 1106 Buttonwood Ln 3/2 $1.2M, 4166 Dingman Dr 4/4 $2.9M, 772 Birdie View Pt 3/3.5 $1.395M, 1035 Kings Crown Dr 4/3 $1.7495M, 1191 Bird Ln 5/4.5 $7.9M.

5 price changes: 667 Spartina Ct 3/2 now $619,555; 5299 Ladyfinger Lake Rd 3/3 now $648K; 1656 Middle Gulf Dr 3/4 now $990K; 5403 Shearwater Dr 4/3 now $1.195M; 2939 Wulfert Rd 5/5/2 now $1.349M.

9 new sales: 915 Palm St 3/2 listed at $475K, 3273 Twin Lakes Ln 3/2 listed at $825K, 3358 Saint Kilda Rd 3/3 listed at $979K, 932 Whelk Dr 3/3 listed at $1.224M, 899 Almas Ct 3/2 listed at $1.249M, 2441 Wulfert Rd 4/4.5 listed at $1.295M, 2190 Starfish Ln 3/3 listed at $1.395M, 1525 San Carlos Bay Dr 3/2 listed at $1.675M, 267 Ferry Landing Dr 3/2 listed at $1.795M.

1 closed sale: 4775 Rue Helene 4/3 $737.5K.

LOTS

1 new listings: 2987 Wulfert Rd $450K.

No price changes.

1 new sale: 1311 Par View Dr listed at $274K.

1 closed sale: 461 Lake Murex Cir $325K. 

Captiva

CONDOS

No new listings.

1 price change: Sunset Captiva #302 4/3 now $2.895M.

2 new sales: Tennis Villas #3210 1/1 listed at $300K, Lands End Village #1657 2/2 listed at $1.095M

1 closed sale: Lands End Village #1660 3/3 $1.5375M.

HOMES

2 new listings: 11526 Laika Ln 4/4 duplex $1.749M, 16814 Captiva Dr 5/5.5 $8.2M.

2 price changes: 16163 Captiva Dr 3/2 now $2.795M, 16447 Captiva Dr 6/5/2 now $3.599M.

No 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.

Santa on Beach

Wishing You & Your Family A Happy Holiday Weekend!

Elise for The SanibelSusan Team

 

November Sanibel-Captiva Scoop


It’s Susan reporting another beautiful Friday on the island – sunny 80 degrees. Our fall weather was short lived, but we don’t mind a bit. We had nice visits from several returning clients this week and the roadways/bike paths are indicating “they’re back!”.

More and more new events are being posted, so if you want to check the “Island Events” tab on our website (www.SanibelSusan.com), I updated it this week to include many of the upcoming fun things to do.

This week was the 2nd rehearsal of the BIG ARTS Community Chorus with the group already tuning up for the Thanksgiving Celebration (Nov 19), Sanibel Luminary (Dec 1), and our Holiday Concert (Dec 14).

At the Sanibel & Captiva Island Association of Realtors®

Yesterday was the start of the again-weekly Thursday 8:30 a.m. Realtor® Caravan meetings. During this fall/winter/spring schedule, the Caravans are limited to 15 properties and, because of the traffic, rotate property locations, with east-end properties one week, and west-end, the next. West end is from Rabbit Road to the tip of Captiva. East-end is Rabbit Road to the lighthouse.

Surprisingly, yesterday’s meeting was lightly attended, but those on-hand were receptive to our last Association benefit of the year, “Fall Into Christmas”, planned for next Wed (Nov 8) after-hours, when we kick-off the holiday season and collect unwrapped toys, gift cards, and donations for “Friends Who Care”.

Caloosahatchee and Everglades Update Post Hurricane Irma

SCCF logothe Sanibel-Captiva Conservation Foundation (SCCF) and the Everglades Foundation on Tuesday, Nov 14 at 7 p.m. at the Sanibel Community House for The Caloosahatchee and Everglades: In the Eye of the Storm. This program and community conversation will focus on water quality issues and restoration following Hurricane Irma.

Progress is being made on Everglades restoration projects critical to opening up the southern end of the Everglades to move water south. The passage of the bill to establish the Everglades Agricultural Area (EAA) reservoir will work in tandem with these projects to add water storage capacity south of Lake Okeechobee to feed needed water to the Everglades and Florida Bay currently dumped to the estuaries. The dark, excess freshwater resulting from Hurricane Irma illustrates how badly alternative outlets and additional storage are needed. On November 14, SCCF and the Everglades Foundation will highlight issues ranging from water conditions to restoration progress and how you can participate in the coming state legislative process and a Federal Action Day in Washington, DC. in May 2018.

While the EAA Reservoir does not solve all of the problems, it’s a major step forward and initial planning for the project has begun. There will be time for audience questions and you can find out how you can help. Community support and action will be vital in advancing the projects and funding needed — as Hurricane Irma’s statewide impacts will also require funding from the state. Committee work for the next Florida legislative session has already begun and the session will open on January 9 (two months earlier than normal).

The program is free and open to the public. No reservations required. Doors open at 6:30 p.m. on Tuesday, Nov 14 at the Sanibel Community House, 2173 Periwinkle Way. Refreshments will be available. Program starts at 7 p.m. Call SCCF at 472-2329 with questions.

Weekend Events

esperanza-castingTomorrow, Nov 4

  • Esperanza Woodring Memorial Cast Net Rodeo, annual Bait Box tradition beginning at 8:30 a.m., 1410 Periwinkle Way
  • Island Seniors Annual Trash & Treasures Sale from 9 a.m. to 2 p.m. at the Center 4 Life building (corner of Palm Ridge Rd and Library Way).
  • Songwriter Saturday at ‘Tween Waters Resort & Spa pool from 1 to 5 p.m. (featuring Nashville singer-songwriters). Make a reservation at 239-472-5161.

Sunday, Nov 5

2nd Sanibel Blues and Jazz Fest, at Bailey’s backyard (behind the store). Performances from noon to 7 p.m. Tickets available at Bailey’s General Store, at the festival, and on-line at sanibelbluesandjazzfest.org.2017_SanibelBluesJazzFest

Tax Reform Hits Homeowners

realtor logoOne of my favorite economists, Lawrence Yun, posted a good article in the November/December 2017 Realtor® magazine. Though following this topic is like following a moving train, his advice applies regardless of the political outcome.

“Renters will come out ahead, albeit temporarily, if the “Big 6” tax reform framework is passed in its current form. They stand to get about $500 in tax cuts each year. The plan was released at the end of September by the Trump administration and Republican leadership in Congress.

“Because there is no free lunch, who then will foot the bill? Homeowners. Particularly families with children. While it’s unlikely lawmakers intended to hurt them, that will be the result.

“Tax reform is a laudable goal. Lower tax rates are what people want. And Americans are fed up with the many hours it takes to comply with today’s complex code.

“But a reform at the expense of homeowners is misdirected. Homeowners already pay 80 to 90% of all federal income tax in any given year.

“The plan to double the standard deduction (from about $12,000 to $24,000 for a family) means far fewer homeowners will use the mortgage interest deduction. Some homeowners may come out ahead while others will lose out. But larger families will be faced with a particularly difficult challenge, because the personal exemption and the exemptions for dependents which are both $4,050 per individual, would go away.

“For renters, who don’t take the mortgage deduction, the higher standard deduction will likely make most of them better off. Historical data has shown that renters do not accumulate wealth over the long haul. The latest Federal Reserve data show the typical wealth of a renting household has fallen from $5,900 to $5,100 since 2010, while homeowning households have seen their wealth jump from $192,800 to $231,400.

“Congress needs to thoroughly review the tax code with an eye toward simplifying it and reducing the tax burden on Americans, particularly middle-income households who today pay a disproportionate share of our nation’s taxes. Reduced payments in a simplified system could even boost long-term GDP growth. But Congress must never forget, sustainable and successful homeownership should be encouraged.” 

Sanibel & Captiva Multiple Listing Service Activity October 27- November 3, 2017

Sanibel

CONDOS

6 new listings: Coquina Beach #5B 2/2 $399K, Kimball Lodge #303 1/2 $620K, Nutmeg Village #1092/2 $689K, Sanibel Inn #3522 2/2 $709K, Poinciana #3C 3/2 $1.75M, White Pelican #133 3/3 $2.195M.

4 price changes: Lake Palms #6 2/2.5 now $349K, Loggerhead Cay #332 2/2 now $469.5K, Lighthouse Point #217 3/2 now $485K, Sanibel Moorings #1221 3/2.5 now $1.095M.

3 new sales: Seashells #11 2/2 listed at $350K, Sundial West #C306 1/1 listed at $435K, Sanibel Moorings #612 2/2 listed at $565K.

4 closed sales: Ibis at The Sanctuary #B302 2/2 $460K, Tarpon Beach #103 2/2 $725K, Sundial East #O405 2/2 $1.01325M, Sanddollar #A303 3/2 $1.275M.

HOMES

8 new listings: 984 Black Skimmer Way 3/2 $585K; 667 Spartina Ct 3/2 $629,555; 2030 Sunrise Cir

3/3 $649K; 1307 Par View Dr 3/3 $1.1M; 701 Anchor Dr 3/3.5 $1.295M; 1126 Harbour Cottage Ct

3/2 $1.295M; 5757 Baltusrol Ct 3/3 $1.497M; 1561 San Carlos Bay Dr 3/4 $2.75M.

4 price changes: 9225 Belding Dr 3/2 now $490K, 958 Sand Castle Rd 3/2 now $639K, 932 Whelk Dr 3/3 now $1.274M, 900 Snowberry Ln 4/3 now $3.295M.

2 new sales: 1390 Middle Gulf Dr 3/3 half-duplex listed at $499K, 1743 Jewel Box Dr 3/3.5 listed at $1.2M.

5 closed sales: 976 Sand Castle Rd 3/3 half-duplex 3/3 $470K, 5305 Umbrella Pool Rd 3/2 $559K, 655 Anchor Dr 3/3 $605K, 485 Lake Murex Cir 3/2 $970K, 984 Oyster Ct 3/3.5 $1.625M.

LOTS

1 new listing: 2515 Wulfert Rd $259K.

No price changes, new sales, or closed sales. 

Captiva

CONDOS

1 new listing: Bayside Villas #5202 1/2 $375K.

No price changes, new, or closed sales.

HOMES

3 new listings: 15154 Wiles Dr 4/3 $1.495M, 15631 Captiva Dr 5/4 $3.995M, 15138 Wiles Dr

6/5.5 $7.599M.

1 price change: 14865 Mango Ct 2/2 now $929K.

No 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 is a cute sign from the Sanibel Café.SanibelCafeSign

Getting Back to Normal on Sanibel Island


It’s SanibelSusan reporting that as we wrap up another work week, I am happy to report that Sanibel is “getting back to normal.” Plenty of storm debris remains piled roadsides, particularly on side streets, but steady removal continues – seven days a week – with area landscape looking better and better day-by-day. Many of the bike paths are cleared now too.

Below are before and after photos of the enormous tree that came down at the entrance of Casa Ybel Resort during Hurricane Irma. The 1st was taken September 12, the 2nd taken this morning, September 29. It’s great to see that they were able to salvage this beauty!

The huge tree and vegetation collection area on Island Inn Road is converting much of it to mulch which soon will be offered to the public. The City continues to post post-Irma progress reports on www.mySanibel.com. It’s worth mentioning again that City efforts and their communications both before, during, and after the storm have been remarkable.

A few snowbirds and away residents have returned early to personally access their properties. Luckily, little damage, other than tree/vegetation loss, has been reported.

SanibelSusan Realty Associates

Sanibelsusan LogoHere at the office, my closing that was delayed because of the storm, closed this week. I continue to work on resuscitating offers that were in the works during the hurricanes and was happy to be out showing a couple of condos this morning.

Teammate Dave held an Open House yesterday at Loggerhead Cay, usually a busy complex even in late summer/early fall, but it was very quiet there.

Thanks to everyone for their patience as the island recovers from Irma. Thankful we are that storms like this occur in the slow time of the year. Even so, we had good listing activity this week and see things picking up.

sancap GO MLS logoOverall inventory is low. The below table shows the statistics today from the island MLS. Prices are holding their own and increasing in many products. I bet the combination of early arrivals and northern weather already turning contributes to an early boost in “season” sales. The highest number of island sales traditionally are last quarter, followed by first quarter – or right around the corner. The action posted in the Sanibel & Captiva Islands Multiple Listing Service (MLS) since last Friday follows a couple of news items below.

                                          Sanibel                           Captiva

No,      Avg $ Price         No.    Avg $ Price

CONDOS        

For sale 9/29                   80         704,202               19      1,278,361

Under contract               11          858,036              5        812,000

Sold 2017 thru 9/29       104      747,663                 27     624,933

Sold 2016                         143      717,768                 22      873,636

HOMES

For sale 9/29/17               110      1,453,940             28      3,551,940

Under contract                22        1,129,191             2        3,647,500

Sold 2017 thru 9/29         151      1,015,454            20       2,565,475

Sold 2016                           181      979,576               27       3,195,000

LOTS

For sale 9/29/17                 54       472,741                1        2,195,000

Under contract                  2         419,000                0        N/A

Sold 2017 thru 9/29          26       321,608                2        2,312,500

Sold 2016                            25       487,095               2        3,150,000

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

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoNo Caravan meeting this week at the Association of Realtors® as the summer every-other-week schedule continues until our Annual Meeting on Oct 26. Then, it reverts to every Thursday and continues through “season”.

The “Totes of Hope” packaged last Thursday were delivered and well-received in hard-hit areas in South Florida and the Keys over the weekend. Next week, the Communications and Public Relations Committee will finalize plans for an upcoming early November fundraiser for “Friends Who Care” as the Association continues their “Working Together to Make a Difference” campaign.

Re-openings

bleu rendezBleu Rendez-Vous French Bistro – Reopens for dinner at 5 p.m. on Thursday Oct 5.

Island Cow – Reopened this morning.

Sanibel Farmers Market – reopen for its 10th season on Sunday Oct 1 and will continue every Sunday through the winter from 8 a.m. until 1 p.m. It’s on the grounds of Sanibel’s City Hall and has grown to about 40 vendors. This year, Local Roots LLC, has added a 9th market to their busy schedule. This one will be at Captiva’s South Seas Resort every Tuesday from December 19 through April 3 from 9 a.m. to 1 p.m. They expect to have 20 vendors at that market. Go to www.BuyLocalLee.com for a complete schedule of all their markets.

Traders Store & CafeTrader’s Gulf Coast Grill & Gifts – reopens Monday Oct 1 for the annual Shell Museum Island Dinner fundraiser, this year called a “Cephaloparty” (A cephalopod is any mollusk of the class Cephalopoda, having tentacles attached to the head, including the cuttlefish, squid, nautilus, and octopus.) Tip your favorite celebrity at www.ShellMuseum.org.

Planning Ahead – Pickleball Classic

Pickelball classicThe 1st annual Sundial Beach Resort & Spa Pickleball Classic will be on the resort’s 12 new state-of-the-art courts on November 3-5. It will include men’s doubles, women’s doubles, and mixed doubles with skill and age-level placement. Contact the resort for more details https://sundialresort.com/play/pickleball-classic/

Long-Term Mortgage Rates Unchanged: 30-year at 3.83%

associated-press-logoGood news for those needing a mortgage. The below article was posted yesterday by the Associated Press and reposted by Florida Realtors® on-line:

“Long-term mortgage rates were unchanged this week: The 30-year fixed-rate mortgage remained at 3.83%; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13%, mortgage buyer Freddie Mac said Thursday.

“Rates on long-term home loans typically track the yield on 10-year Treasury notes, which barely budged this week.

“Two weeks ago, the 30-year mortgage hit a low for the year before bouncing back up last week. So far this year, the 30-year rate is running above last year’s average of 3.65%.

“Freddie Mac says the rate on adjustable five-year mortgages blipped up to 3.20%, from 3.17%. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1% of the loan amount.

“The average fee for a 30-year mortgage rose to 0.6 point from 0.5 point. The fee on 15-year home loans remained at 0.5 point. The fee on an adjustable five-year mortgage rose to 0.5 point from 0.4 point.”

Sanibel & Captiva Multiple Listing Service Activity September 22-29, 2017

Sanibel

CONDOS

3 new listings: Sundial West #C306 1/1 $435K, Sanibel Moorings #941 2/2 $59K, Sanibel Moorings #612 2/2 $565K.

4 price changes: Seashells #40 2/2 now $354.9K, Pointe Santo #C34 1/1 now $589K (our listing)Sand Pointe #122 2/2 now $699K (our listing), Tamarind #B202 2/2.5 now $1.69M.

View 2.jpg

View from Pointe Santo #C34

 

3 new sales: Donax Village #3 2/2 listed at $438.5K, Blind Pass #F108 3/2 listed at $594.9K, Tarpon Beach #102 2/2 listed at $749K.

2 closed sales: Blind Pass #F106 2/2 $385K, Sand Pointe #113 2/2 $683K.

HOMES

No new listings:

4 price changes: 981 Sand Castle Rd 3/2.5 now $499K, 714 Durion Ct 3/2 now $609K, 998 Fish Crow Rd 3/2 now $659K, 1672 Hibiscus Dr 3/2 now $1.35M.

4 new sales: 976 Sand Castle Rd 3/3 half-duplex listed at $489K, 419 Lighthouse Way 4/3 listed at $797.5K, 485 Lake Murex Cir 3/2 listed at $1.075M, 3728 West Gulf Dr 5/5 listed at $2.395M.

1 closed sale215 Palm Lake Dr 3/2 $630K (our Buyer).

LOTS

Nothing to report.

Captiva

CONDOS

No new listings.

1 price change: Lands End Village #1665 2/2 now $975K.

No new sales.

1 closed sale: Beach Villas #2525 2/2 $620K.

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.

2017-09-22 Pink clouds2017-09-23 Sanibel morning

Until next Friday, wishing you happy days, nice weather, & fabulous sunrises, sunsets, & all times in-between.

Susan Andrews, aka SanibelSusan

Little April Shower on Otherwise-Sunny Sanibel


Lighthouse 04-2017.jpg

It is SanibelSusan reporting the end of another week of fabulous weather and busy roadways on Sanibel and Captiva Islands. Yesterday, the area had just a little, but much-needed, rain in advance of a breezy cool front. Today and tomorrow, it is expected to be only in the mid-70’s. The forecast says it will be back to bright sunny days and temperatures in the high-70’s low-80’s right through Easter weekend, when the islands are expected to be even more packed with vacationing families. (Lee County Schools are off next week, too.)

SanibelSusan Realty

Sanibelsusan LogoHere at SanibelSusan Realty our listings had good showings this week. We had another nice closing yesterday (they all are nice) and I showed property over the weekend which resulted in an offer. Teammate Dave held Open Houses for the better part of two days and has been opening listings for showings too. Elise’s weekly report of the activity posted in the Sanibel/Captiva Multiple Listing Service, follows a few news items below.

Upcoming Spring Events

childrens ctrSaturday, Apr 15, 9 to 11 a.m. – 23rd Annual Spring Festival – at Sanibel Community Park (across from SanibelSusan Realty), sponsored by The Children’s Education Center of the Islands. A free Easter egg hunt for children by age group, begins at 9 a.m., followed by games, contests, crafts, rides, silent auction & more. A $10 armband allows a child unlimited fun in all activities. Proceeds will benefit the educational center’s scholarship fund and capital improvements.

Easter Basket No WordsSaturday, Apr 15, 11 a.m. to 1 p.m. – Sanibel Community Church Easter Egg Hunt – This year, the theme is Family Challenge. Huge board games will be set up. Families can play to win a Family Easter Basket so share. Also, preschool games, bounce house, cake walk, outdoor games, free lunch, and thousands of eggs to find for prizes.

SpringSaturday, Apr 15, 1 p.m. – 6th Annual Easter Eggstravaganza – at Island Inn with face painting & balloon animals, live mollusk touch tank, miniature & trick pony rides, Trouper the blind racoon, green screen photo booth, appearance from the Easter Bunny, & beach-front Easter egg hunt with $200 in golden eggs (for children under 12).

Sunday, Apr 16, 6:30 a.m. – Easter Sunrise Service on the Causeway (by Sanibel Community Church).

sanibel-sunrise

Pickleball Courts Now Open at Sundial

The largest pickle board facility in the area is now open at Sundial Beach Resort & Spa. With twelve Plexi-cushion courts and stadium seating, resort guests received complimentary court access and equipment rentals. Lessons and clinics are offered by an IPTPA certified resident pro. Memberships and daily passes are available to island visitors and residents.  More info at www.sundialresort.com/play or phone 888-889-5410.

pickleballWondering what pickleball is? Known here are the up-&-coming sport for baby boomers, here’s Wikipedia’s definition: “Pickleball is a racquet sport that combines elements of badminton, tennis, and table tennis. Two, three, or four players use solid paddles made of wood or composite materials to hit a perforated polymer ball, similar to a wiffle ball, over a net. The sport shares features of other racquet sports, the dimensions and layout of a badminton court, and a net and rules similar to tennis, with a few modifications. Pickleball was invented in the mid-1960s as a children’s backyard pastime but has become popular among adults as well.”

Federal Flood Maps

femaYou may remember that a few weeks ago, I mentioned that a gulf-front condominium complex near where I live had their Federal Flood Zone changed from the high-risk “V” velocity zone to the “A” zone.

On much of the island, any building located in a V or A zone is considered in a Special Flood Hazard Area that is lower than the Base Flood Elevation. The exact zone affects insurance costs so a change out of the “V” zone usually is a big deal.

Teammate Dave watches for flood zone revisions and pointed out last week that my area of Anchor Drive on Sanibel’s east end recently (on March 22) was issued a Letter of Map Revision which like the condo, moves it from Zone VE to Zone AE.

If you are wondering about a specific property and the zone. Here’s a link to the Federal Flood Maps. Just enter the address.

Resort & 2nd Home Market

Florida Realtors logoI am continually updating the class I teach each summer at the local Association of Realtors®. Here are a few changes I added this week.

“While the market may not be as robust as in previous years, Florida is still the No. 1 state for foreign buyers, according to the 2016 “Profile of International Home Buyers in Florida”, prepared for Florida Realtors® by the Research Division, National Association of Realtors®.

“Last year, says the study, the state drew 22% of the nation’s international residential market. And Florida is starting to look more attractive to foreign buyers from countries that don’t traditionally invest here.

“There are several trends that could impact sales, including government regulations in China, the value of the British pound, and political turmoil in Venezuela.

“It’s not just overseas issues that are in play: U.S. immigration policies, new air service, commercial investment opportunities, and residential developments also could affect decisions by international buyers and sellers – both positively and negatively. For instance, Emirates, the airline based in Dubai, launched daily flights between Dubai and Orlando in 2015 and added service to Fort Lauderdale last December. This could make the state more appealing to Mideast buyers.”

From “Florida Realtor”, the global edition, from the 2016 profile of international buyers in Florida, “Just the Global Facts”:

  • “Foreign buyer purchases of Florida residential properties decreased to $19.5 billion ($23.7 billion in 2015). This accounted for 19% of Florida’s residential dollar volume of sales (24% in 2015).
  • Foreign buyers purchased 47,000 residential properties (44,000 in 2015), which made up 12% of Florida’s residential market (12% in 2015 too.)
  • The average price of foreign buyer purchases declined to $412,000 in 2016 compared to $539,000 in 2015.
  • Latin American & Caribbean buyers accounted for the largest fraction of foreign buyers at 39%.
  • The top five countries of origin by dollar volume were Canada ($3.0 billion), Brazil ($2.8 billion), Venezuela ($1.5 billion), the United Kingdom ($1.4 billion) and Argentina ($1.4 billion).
  • The number of buyers from Venezuela declined significantly (18% in 2015, 8% in 2016), while the share of buyers from Canada increased (11% in 2015, 19% in 2016).
  • Foreign buyers purchased property across Florida, but they were concentrated in the Miami-Fort Lauderdale-West Palm Beach area (52%), Orlando-Kissimmee-Sanford area (12%), and Tampa-St. Petersburg-Clearwater area (8%).
  • 52% of foreign buyers bought a townhouse or condominium.”

Why Can’t Lawyers Give a Straight Answer?

justiceThe title of this article posted on line this week at “FloridaRealtors.org” caught my eye. Written by Joel Maxon, Director of Florida Realtors® Legal Services, it makes some good points.

Question: Why do lawyers pepper their conversations with words like maybe, probably and possibly, when I ask about an active legal dispute? It seems like lawyers don’t like straight answers. I just want to know which side is right and which side is wrong!

Answer: There’s an old lawyer’s adage that goes something like this: When the facts are on your side, pound the facts. When the law is on your side, pound the law. When neither is on your side, pound the table.

“In other words, a lawyer can almost always make multiple arguments on either side after hearing a set of facts. It’s just a question of how strong those arguments would be if the lawyer had to make them in a court of law. Trying to guess which side will win a case (though most cases settle before trial) has more in common with predicting the winner of a soccer match than answering a true or false question.

“How does this relate to the Florida Realtors Legal Hotline? If you’re asking who will win a contested legal battle based on a brief phone conversation, there’s a very good chance you’ll be disappointed when the lawyer is unwilling or unable to give an answer. We might be able to shed some insight on the world of contested litigation, but litigation is measured one step at a time in a move/counter system.

“If one party has decided to litigate, the factors below are often vital to understand – and they’re often more important than which side has better facts or stronger laws on their side:

  • How much money are the parties fighting over?
  • Which party is more stubborn?
  • Which party has more resources?
  • How skillful is each party’s lawyer?
  • Who will pay the cost of litigation?
  • How will the dispute be resolved – mediation, arbitration, litigation or some other forum?
  • What is the judge, jury or other decision maker like?
  • Is there a time when one side will give up – a month, a year, a decade?
  • Is there a time when the cost of litigation will cause one side to give up, such as $1,000 in attorney fees and costs, $10,000, or $100,000?
  • What procedural rules impact the case, such as a statute of limitations or specific venue where the lawsuit must be filed?

“Keep in mind that the parties are always welcome to settle the matter by agreeing to some sort of compromise, and you’re welcome to help with the settlement discussions. You even have a release and cancellation form available if the parties successfully resolve the dispute through conversation.

“However, avoid giving legal advice while you do so, and don’t volunteer phrases like “you have a strong case,” or “you are clearly in default,” even if the party you’re working with wants you to give legal advice.

It’s up to the parties to evaluate the strength of their case and decide whether to settle the matter through discussion or have their case heard by a third party, such as a court. If they choose the latter route, they must either represent themselves or hire a lawyer – and they would be well advised to think about questions like the ones above before they decide to litigate.”

Sanibel & Captiva Multiple Listing Service Activity March 31 – April 7, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Loggerhead Cay #463 2/2 $529K, Tarpon Beach #103 2/2 $799K, Shorewood #2D 3/2 $1.1M, High Tide #C201 2/2 $1.145M.

9 price changes: Tennisplace #E33 2/1.5 now $306K, Mariner Pointe #1412 1/1 now $334K, Seashells #38 2/2 now $363K, Seashells #11 2/2 now $393K, Sundial West #H209 1/1 now $429K, Mariner Pointe #712 2/2.5 now $463.5K, Sanibel Inn #3512 2/2 now $649K, Pointe Santo #B25 2/2 now $749K, High Tide #C101 2/2 now $1.095M.

5 new sales: Loggerhead Cay #443 2/2 listed at $549K, Sandy Bend #5 2/2 listed at $749.9K, Sanctuary Golf Villages I #5-2 3/3 listed at $789K, Loggerhead Cay #103 2/2 listed at $999K, Sundial East #T306 3/2 listed at $1.395M.

5 closed sales: Loggerhead Cay #253 2/2 $480K, Sundial East #O401 2/2 $675K, Nutmeg Village #303 2/2 $765K (our listing), Kings Crown #211 3/2 $828K, Somerset #A302 3/2.5 $1.85M.

View b

View from Nutmeg Village #303, just sold!

 

HOMES

3 new listings: 1317 Par View Dr 3/3 $649K, 587 Sea Oats Dr 3/2 $685K, 4257 West Gulf Dr 5/4.5 $4.95M.

14 price changes: 5292 Umbrella Pool Rd 3/2 now $599K, 5297 Punta Caloosa Ct 3/2 now $625K, 5105 Sanibel-Captiva Rd 4/3 now $639K, 3784 Coquina Dr 4/2 now $659.95K, 1295 Par View Dr 3/2 now $675K, 601 Sea Oats Dr 3/2 now $687K, 1710 Sand Pebble Way 3/2 now $689K, 1717 Sand Pebble Way 3/2 now $689K, 1656 Middle Gulf Dr 3/4 now $1.15M, 1426 Causey Ct 3/2.5 now $1.349M, 769 Pyrula Ave 3/3.5 now $1.35M, 2451 Blind Pass Ct 4/4.5 now $1.899M, 1528 San Carlos Bay Dr 3/3 now $1.995M, 514 Kinzie Island Ct 4/5 now $2.195M.

4 new sales: 2507 Blind Pass Ct 3/3 listed at $1.495M; 4428 Waters Edge Ln 3/2.5 listed at $1,149,999; 6192 Henderson Rd 4/4 listed at $1,999,999; 3869 West Gulf Dr 6/7/2 listed at $8.975M.

7 closed sales: 984 Greenwood Ct 3/2 half-duplex 3/2 $455K, 1386 Sand Castle Rd 3/2 $770K, 1683 Bunting Ln 3/3 $730K, 608 Boulder Dr 3/3 $830K, 1146 Buttonwood Ln 3/3 $945K, 3944 West Gulf Dr 3/3 $1.05M, 2143 Starfish Ln 3/3.5 $1.375M.

LOTS

No new listings or price changes.

1 new sale: 9066 Mockingbird Ln listed at $380K.

1 closed sale: 2626 Coconut Rd $225K.

Captiva

CONDOS

No new listings.

1 price change: Beach Villas #2525 2/2 now $639K.

1 new sale: Sunset Beach Villas #2324 2/2 listed at $625K.

4 closed sales: Tennis Villas #3111 1/1 $248K, Bayside Villas #5204 1/2 $310K, Tennis Villas #3131 2/2 $405K, Marina Villas #908 2/2 $781K.

HOMES

No new listings.

2 price changes: 14980 Binder Dr 4/3 now $1.248M, 14860 Mango Ct 5/4 now $1.995M.

No new sales.

1 closed sale: 16910 Captiva Dr 4/4 $4M.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 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, below is a photo taken Sunday night (April 3)  from Redfish Pass aboard the Lady Chadwick’s sunset cruise, overlooking the gulf.  North Captiva is on the right.

Looking to take one of these cruises yourself? They sail out of McCarthy’s Marina. More info at CaptivaCruises.com

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

sunset 04-03-17

Pre-Christmas at SanibelSusan Realty


merry-christmas-from-sanibelIt is quiet at SanibelSusan Realty Associates this afternoon. The team is now off for the holiday weekend, so you-know-who is manning the fort. The last few days, the island slowly has filled up with visitors. Those from the north particularly are loving that Southwest Florida set records this week for highest temperatures ever recorded here in December (91 degrees F).

Wednesday morning – on the 1st day of winter – as teammates Dave, Elise and I were powwowing about listings and showings, I remarked that the rare overcast sky looked like it sometimes does up north, just before it snows. That’s when a vacationer ran by our back door dressed in just shorts. Gave us all a giggle since that was after the temperature had dropped to a cool 68 degrees. We hope the warm weather brings more buyers!

We had no weekly Realtor® caravan meeting yesterday because of the holiday and though the roadways and bike paths are busy, Dave only one couple visit his Open House midweek.

Below, after a few news items, is the activity posted this week in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel Openings/Re-Openings

  • Totally Baked – now open seven days a week from 6 a.m. to 2 p.m. at 2407 Periwinkle Way. Serving homemade cakes, doughnuts, cupcakes, cookies, candies, biscuits, freshly baked bread, plus breakfast & lunch menu.
  • Sanibel Sea School Winter Camp – Has a different theme each week this year. This week the theme is “Polynesian Ocean Traditions; Dec 26 through 30 “Ocean Tribe Traditions”, and Jan 2 through 6 “Japanese Ocean Traditions”. Camps are 9 a.m. to 4 p.m.
  • Sanibel Farmers Market – will be closed Sunday for Christmas, but will have a make-up day on Monday, December 26, from 8 a.m. to 1 p.m. Then through May 28, including on New Year’s Day, the market will be open every Sunday during the same hours. (at City Hall)
  • Sanibel Café Re-opening – Wednesday, December 28, after renovations following their fire in late September. Hours are 7 a.m. to 2:30 p.m.
  • Community House – Construction is nearing completion, with landscaping going in now. Opening in January.

87th Master Gardener Lecture Series

Free, open to the public, but limited seating, at Sanibel Library on Thursday January 5 at 10 a.m. Speaker is Rick Joyce, nationally-recognized expert on pruning of landscape plants, especially trees.

Captiva Beach Tilling Starts January 9

captiva-beach-tillingAn article and this photo posted on-line Wednesday at “Santiva-Chronicle” says:

“The Captiva Erosion Prevention District will till the sand placed in the 2013-14 re-nourishment project starting in January.

“The staging area for the contractor is the Alison Hagerup parking lot. The work is being performed by Perry’s Beach Service of Fort Myers.

“Tilling is scheduled to begin the morning of Jan. 9 and proceed north to Redfish Pass. After completing this segment, work will continue south of Hagerup Beach to Blind Pass. All work is estimated to be completed by the end of the day, Jan. 13, weather permitting. All operations will occur during daylight hours.

“Tilling is permit-required to lessen the impact of compacted sand on sea turtle nesting and hatching activities. The turtles prefer soft sand for digging their nests and laying their eggs. The work is scheduled so that it will not interfere with piping plover nesting, which begins Feb. 1, and sea turtle nesting, which begins May 1.

“The project includes tilling and dressing the sand and leveling any escarpment that exceeds 18 inches in height and is more than 100 feet long.

“A tractor pulling a rake with tines will till the approximately 25,600 linear feet of re-nourished beach to a minimum depth of 36 inches. The use of horns, whistles, and signals will be kept to a minimum to ensure a quiet operation while maintaining job site safety. There will be minimal disruption to traffic on roads adjacent to the beach.

“Residents, beachgoers, and businesses are required to remove all obstructions, including umbrellas, chairs, and canopies, between the dunes and high tide lines, that might interfere with the work.  Beachgoers are asked to avoid the area where tilling is being done until the tractor is a safe distance away and to heed all signs and instructions from tilling personnel.

“Questions should be directed to CEPD by calling 239-472-2472, or by kathleen@mycepd.com.”

Fire at Blind Pass Condo

Last Sunday afternoon, a fire at a condo at Blind Pass condominium (#G201) was quickly extinguished, but it burned out the vacationing family of seven. City Manager Judie Zimomra commended the Sanibel Fire District, Sanibel Police, and neighboring fire districts for their quick response. I heard that the fire was caused by a charging electronic device. This upstairs unit was destroyed and the unit below had significant water damage. The family – father, mother, and five children – had its belongings wiped out. The City coordinated with F.I.S.H. (Friends in Service Here) and the Tourism Development Council to provide relief.

“Here Comes Santa Claus”

santaFellow BIG ARTS Chorister, Mike Bugler, penned the following words to a new song he calls “We Love Sanibel”. Sung it to the tune of “Here Comes Santa Claus”, it’s pretty cute.

“We’re on Sanibel, we’re on Sanibel

We just got here by plane

Escaped the snow and the bitter cold

Snowbird is my name

“Seashell bringin’, ocean swimmin’

The sun is always real bright

So let’s give a thought to our friends up north

While we’re having fun tonight

“We love Sanibel, we love Sanibel

Warmer down here than Maine

Deck chairs set out on the beach

More sunshine here than rain

“Sip that cocktail, spray that suntan

All here just seems so right

We’re-not-going-north for another-few-months

So let’s all have fun tonight”

Sanibel YouTube Video

If you need a little Sanibel pick-me-up. Here is a link to a video I saw posted on Facebook this morning. It’s terrific.

SANIBEL CSN 2016

SANIBEL TRIP, ALTERNATE EDIT. MUSIC BY CROSBY, STILLS, NASH AND YOUNG.

Sanibel & Captiva Multiple Listing Service Activity December 16-23, 2016

Sanibel

CONDOS

3 new listings: Loggerhead Cay #234 2/2 $579K, Sundial East #O401 2/2 $729K, Sundial East #O407 2/2 $1.199M.

2 price changes: Lighthouse Point #129 3/2 now $599K (our listing), Shorewood #1C 3/2 now $889K.

2 new sales: Seawind #103 2/2.5 listed at $564K, Cottage Colony West #137 1/1 listed at $649K.

6 closed sales: Kimball Lodge #263 1/1.5 $395K, Sundial West #C310 1/1 $429.5K, Sundial East #P401 2/2 $852K (our listing), Surfside 12 #B3 3/2 $899.75K, Sunset South #15B 2/2 $950K, Kings Crown #105 3/2 $1.19M.

HOMES

11 new listings: 1709 Sand Pebble Way 3/3 triplex $510K, 5299 Ladyfinger Lake Rd 3/3 $749K, 5406 Osprey Ct 3/2 $889K, 1073 Fish Crow Rd 3/2.5 $899K, 1396 Tahiti Dr 4/2/3 $989K, 5313 Punta Caloosa Ct 3/2 $998K, 1511 Angel Dr 3/3 $1.25M, 924 Pecten Ct 4/4 $1.965M, 5606 Baltusrol Ct 4/6 $2.995M, 2964 Wulfert Rd 4/5.5 $3.495M, 1206 Bay Dr 4/4.5 $3.99999M.

4 price changes: 1585 Serenity Ln 3/3 now $549K, 465 Lake Murex Cir 2/2.5 now $599K, 1212 Par View Dr 2/2 now $629K, 5105 Sanibel-Captiva Rd 4/3 now $649K.

No new sales.

4 closed sales: 4215 Old Banyan Way 3/3 $690K, 400 Rabbit Rd 4/3 $757K, 232 Robinwood Cir 4/3 $1.1125M, 626 Kinzie Island Ct 3/2.5 $1.635M.

LOTS

2 new listings: 1550 Centre St $199K (our listing) $199K, 1026 Fish Crow Rd $430K.

2 price changes: 644 Sea Oats Dr now $325K, 2401 Blue Crab Ct now $789K.

No new sales.

2 closed sales: 9211 Dimmick Dr $139.5K, 9426 Sage Ct $250K.

Captiva

CONDOS

4 new listings: Sunset Beach Villas #2324 2/2 $645K, Captiva Shores #8A 3/2.5 $1.795M, Beach Homes #7 2/2 $1.795M, Beach Homes #8 3/2 $2.7M.

No price changes, new sales, or closed sales.

HOMES & LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

white-christmas-signMerry Christmas from all of us!

The SanibelSusan Team – Dave, Elise, Lisa, & Susan

Post-Thanksgiving Sanibel/Captiva Real Estate Scoop


2016-treeIt is SanibelSusan running SanibelSusan Realty solo today while the team gets an extra day off.

Our listings had a few showings earlier in the week, but the phone has rung only a couple of times today. Prospects must be out shopping, enjoying family time or just the beautiful weather. It is a bright sunny 81 degrees here this afternoon.

Teammate Elise’s daughter Payton joined us in the office on Wed. She and Elise got our Christmas decorations up. We have to do that early here, as the first Christmas events begin tonight.

With the Thursday holiday yesterday, we had no Realtor Caravan, but the activity posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday, follows a few news items.

Purchase Contracts: Is A Deposit Required to Seal The Deal?

Florida Realtors logoHere are excerpts from a good article by friend and FloridaRealtors® Vice President and General Counsel Margy Grant. It was posted Monday at FloridaRealtors® on-line.

“It’s a question we often get on the Florida Realtors® Legal Hotline: Is earnest money required to make a contract legal and binding. The answer: no.

“Deposits are often provided as evidence of a buyer’s commitment to the purchase, but they are not required by law. A binding contract to purchase real estate only requires consideration. Consideration is defined as something of value offered for something else of value.

“According to the Florida Bar, “The formation of a contract is accomplished when there is an offer and acceptance between the contracting parties of the exchange of ‘consideration’ (that is, something of value). This offer and acceptance are sometimes referred to as a ‘meeting of the minds.’ If the parties have not reached a meeting of the minds, then there is no agreement.” In the case of a real estate purchase contract, the consideration the buyer is offering is the purchase price in exchange for the deed to the property.

“Most purchase contracts contain a section to indicate the amount of an escrow deposit and when it’s due. Purchase contracts also usually contain a liquidated damages clause that entitles the seller to keep the deposit if the buyer defaults. Liquidated damages are common in real estate purchase contracts, even though the parties are agreeing what the remedy is for the other side in the event the buyer defaults.

“If you as the listing broker receive a contract that is either cash or 100% financing with a deposit amount of “0,” you must present it to the seller. This contract is valid despite the lack of an earnest money deposit. You may explain to the seller that because there’s no deposit, there is nothing for the seller to keep as liquidated damages if the buyer defaults. Buyers and sellers can negotiate these terms just like all other terms of the agreement.

“Some sellers look at a lack of deposit as unfair. Why, they ask, would they remove their house from the market if the buyer is not serious enough to put down a deposit? A seller certainly may insist on a deposit before agreeing to the contract; this is allowable if the buyer agrees. However, it is not legally required. In addition to a deposit, sellers will also sometimes ask for other requirements like proof of funds or a prequalification letter.

“Transactions come in all shapes and sizes. Realtors® do well to understand some components of contract law to assist them in working with buyers and sellers. All parties should review purchase contracts carefully, preferably with an attorney, to understand their rights under the agreement in the event the other party does not perform as promised.”

Now SanibelSusan’s 2-cents worth:

Here on the islands where Buyers and Sellers may be vacationing and “here today, gone tomorrow”, not only do Sellers want to see deposits, but they usually want them to be significant ones. Sometimes visiting Buyers don’t have their check books with them, so it is not unusual for a deposit to be provided within 3 days of contract acceptance, often by wire, after the Buyer has returned home.

For a typical island sale, the deposit is 10% of the purchase price. Sometimes it is provided in two parts, a smaller initial deposit within 3 days of the contract Effective Date and then a later second deposit bringing the total deposit up to 10%. With the “as is” contract, that second deposit often is related to the end of the inspection/cancellation period, when the contract usually becomes solid.

As the saying goes, “in the perfect world, Sellers want offers to be full price, cash, close tomorrow.” Since the “close tomorrow” part rarely can happen, it makes sense for Buyers to make strong deposits so Sellers give their offers serious consideration.

Upcoming Island Events

artist-clip-art-clipart-of-artistToday & Tomorrow – Nov 25 & 26 – 25th Sanibel Masters Art Festival from 9 a.m. to 5 p.m. at Sanibel Community Park (across the street from SanibelSusan Realty).

BIG ARTS Community Chorus is singing two holiday sets tomorrow morning (Sat) beginning at 10 a.m.

Tween WatersTonight – Nov 25 – ‘Tween Waters Inn Fireworks Show & Tree Lighting kick off the holiday season at sunset, with music, the lightening of the tree overlooking the gulf, and colorful fireworks display.

Tomorrow morning – Nov 26 – 5th Annual “Ding” Darling Kids Fishing Derby at Sanibel Causeway Islands Park (Island A, closest to Sanibel). Kids able to hold their own fishing pole may participate. Registration is FREE and begins at 8:30 a.m. Ages 15 & younger start fishing at 9 a.m & finish at 11 a.m. Awards ceremony at 11:30. Participants should bring fishing poles, but the refuge will provide a limited number of loaner poles. Bait will be provided. J.N. “Ding” Darling National Wildlife Refuge and the “Ding” Darling Wildlife Society – Friends of the Refuge (DDWS) cosponsor the event as part of this year’s Smithsonian Waterways exhibit at the refuge (Oct 28 – Dec 8), with support from The Historic Bait Box, Trophy Case of Fort Myers, Sanibel Island Fishing Club, and Lee County Parks & Recreation.

2016tree_lighting_for_app_and_websiteTomorrow night – Nov 26 – South Seas Tree Lighting Ceremony from 5:30 to 6:30 p.m. BIG ARTS Community Chorus singers will be performing again.

Also tomorrow night – Nov 26 – Sunset Arias on the Beach at ’Tween Waters Inn. Bring a blanket, sit back and enjoy beautiful operatic voices while the sun dips into the Gulf of Mexico.

Dec 2 – Next Friday – 32nd Annual Sanibel Luminary Holiday Stroll

  • luminary 2014.jpgSanibel Historical Museum & Village luminary event from 3:30 to 5:30 p.m. will showcase displays from the 50’s, including a replica of a former ferry’s wheelhouse. There will be music too, including some holiday tunes performed by the Sanibel Ensemble which is a small group of singers from the BIG ARTS Community Chorus. (It’s good practice for our upcoming holiday concert. Photo above from 2014 at the Museum/Village.)
  • Luminary SantaRumor has it that there will be another flash mob inside Bailey’s General Store 5 to 5:30-ish (more of those chorus singers). Then 5:30 to 9 p.m., lit paths will lead the way to merry landmarks from one end of Periwinkle Way to the other, where festival goers can enjoy assorted activities, snacks and refreshments. No trolleys this year, it really will be a stroll.
  • Mid-island, thousands of lights will adorn the campus of Sanibel Community Church where beginning at 5:30 p.m. there will be food, drink, live music, a petting zoo and kid’s tent, plus a presentation of “A Walk Through Bethlehem”.
  • Mid-island, Santa will be at Jerry’s Center with free photos from 5:30-7:30 p.m. There also will be wine, food tastings, Girl Scouts serving soda and hot dogs, plus live sax music.
  • At the East end, Sanibel Sea School and the San-Cap chapter of Solutions to Avoid Red Tide will partner to host luminary fun at the school’s flagship campus. The school parking lot will be converted into a festive patio, where attendees can sip mulled wine and beer, munch on snacks, including Ralph Woodring’s famous grilled mullet, and listen to music. There also will be family-friendly games and activities, and a raffle featuring prizes from both organizations.

Former Captiva LuminaryDec 3 – Next Sat – 32nd Annual Captiva Luminary Holiday Stroll from 5:30 to 9 p.m. Captiva luminary spans Captiva Drive and Andy Rosse Lane with plenty of special treats at various businesses and a variety of bands performing live music throughout the Village.

Sanibel & Captiva Multiple Listing Service Activity November 18-25, 2016

Sanibel

CONDOS

7 new listings: Coquina Beach #5A 2/2 $380K, Ibis at The Sanctuary #B302 3/3 $498.5K, Mariner Pointe #842 2/2 $499K, Sundial West #D305 1/1 $545K, Sand Pointe #215 2/2 $759K, Sundial West #A308 2/2 $809.9K, Sundial East #T306 3/2 $1.475M.

1 price change: Blind Pass #G203 2/2 now $455K.

1 new sale: Sundial West #C310 1/1 listed at $439K.

No closed sales.

HOMES

10 new listings: 998 Greenwood Ct 3/2.5 half-duplex $459K; 770 Donax St 2/2 $525K; 5305 Umbrella Pool Rd 3/2 $619,916; 671 Rabbit Rd 3/2 $649K; 5100 Sea Bell Rd 4/2.5 $739K; 186 Southwinds Dr 2/2 $749K; 608 Boulder Dr 2/2.5 $869K; 1126 Harbour Ct 3/2 $1.495M; 518 N Yachtsman Dr 3/3 $1.495M; 2474 Wulfert Rd 3/3.5.5 $1.495M.

6 price changes: 174 Southwinds Dr 2/2 half-duplex now $659K, 545 Piedmont Rd 3/2 now $659K, 1772 Serenity Ln 3/2 now $670K, 1429 Jamaica Dr 3/3 now $724.9K, 1048 Fish Crow Rd 3/2 now $849K, 918 Lindgren Blvd 3/3.5 now $1.199M.

3 new sales: 1411 Sandpiper Cir 2/2 listed at $439K, 400 Rabbit Rd 4/3 listed at $785K, 2405 Blue Crab Ct 4/4.5 listed at $2.695M.

3 closed sales: 1333 Par View Dr 3/2 $825K, 615 Hideaway Ct 3/2.5 $1.16M, 584 Kinzie Island Ct 3/4 $1.6M.

LOTS

2 new listings: 1344 Eagle Run Dr $279K, 5687 Baltusrol Ct $325K.

4 price changes: 4566 Buck Key Rd now $179K, 5633 Baltusrol Ct now $359K, 5830 Sanibel-Captiva Rd now $385K, 1305 Seaspray Ln now $729K.

No new or closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Tennis Villas #3238 2/2 listed at $435K.

1 closed sale: Bayside Villas #4206 1/2 $277.5K.

HOMES

No new listings.

2 price changes: 14980 Binder Dr 4/3 now $1,377,977; 14860 Mango Ct 5/4 now $2,343,967.

No new or closed sales.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 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 the weather is wonderful wherever you are!

Happy Friday! Susan Andrews, aka SanibelSusan

thankfull for flip flops.jpg

Fall Sanibel/Captiva Real Estate Market Update


 

Beach Path.jpgIt’s SanibelSusan, again reporting another week of wonderful fall island weather – sunny days with temperatures mostly in the 80’s. A cool front arriving tonight is expected to bring our first day – in a long time – of temps under 80 with more perfect weather expected right through the weekend and into next week.

Beach.jpg

Sanibel & Captiva Islands Association of Realtors®

sancaprealtors-10-20-16

Sanibel & Captiva Islands Association of Realtors President-Elect Joel Goodman & President Lori Pierot with SCCF’s Natural Resource Policy Director Rae Ann Wessel & Executive Director Erick Lindblad.

There was no local Realtor Caravan® Meeting this week, but the Sanibel & Captiva Islands Association of Realtors® yesterday announced presentation of a $4,500 check to the Sanibel-Captiva Conservation Foundation to help their efforts in providing guided tours of the Caloosahatchee and estuary to provide members of the public the opportunity to gain a personal experience and perspective on the river and the Everglades – its history, folklore, issues, and solutions. These are local RPAC (Realtor Political Action Committee) funds put to good use educating our community on the importance of a healthy ecosystem.

SanibelSusan Realty Associates

Sanibelsusan LogoWith the island picking up, I was out showing homes both Monday and again this morning, while teammate Dave held a condo open house on Wednesday. Several of our listings had showings this week too, with the activity posted in the Sanibel & Captiva Islands Multiple Listing Service below, after a couple of news items.

Market Update After 3rd Quarter 2016

statisticsNow that three-quarters of 2016 are over, it appears that Southwest Florida real estate sales this year will fall short of 2015. A recent article posted by an off-island “News-Press” Market Watch expert said:

  1. “Median home prices in Lee County are flat, down slightly in Collier County.
  2. The number of home sales in Lee County is down 17%,18% in Collier.
  3. Condo sales are down over 20%.
  4. $1 million+ market is down 13%.”

He also said “This is not a “lack of inventory” situation, as most non-sweet-spot segments are down or flat, except the $500-$1M range in Collier. That segment is up 9%. These numbers aren’t negative, they just “are”. SWFL is still the place to live, work or play.”

So how do Sanibel and Captiva sales compare in a similar analysis? The below statistics illustrate that though the islands officially are part of Lee County, in many ways, it is a totally different world here where there is less inventory and prices vary hugely. Compared to the same period last year (January 1 to October 20), this year:

  1. Median home prices on Sanibel are up 65%, up 84% on Captiva.
  2. The number of home sales on Sanibel is down 27%, but up 15% on Captiva.
  3. Condo sales are down over 15% on Sanibel, 50% on Captiva.
  4. $1 million+ market is down 10% on Sanibel, 28% on Captiva.

Going into season, there still are fewer condos and homes for sale on Sanibel than already have sold this year. The reverse is true on Captiva, where inventory is low, yet exceeds this year’s demand.

Upcoming Island Events

baileyfest 2012.jpg

Here’s an oldie from Bailey Fest 2012.

31st Annual Bailey Fest – is Sunday, 10/23 from noon until 4 p.m. Free & open to the public. If you are there for the opening event act, you will hear the BIG ARTS Community Chorus with yours truly in the alto section.

 

tween-waters-2016Hallo’Tween 2016 – is Saturday, 10/29 from 8 p.m. to 2 a.m., adult Halloween costume party at ‘Tween Waters with prizes awarded at midnight.halloween-kids

 

 

 

Trick or Treat Monday – 10/31 from 4 to 6 p.m. from vehicle trunks in the parking lot at Sanibel Community Church. Safe family fun with bounce houses and games, plus treats.

Cast Net Rodeo MCC-1-Esperanza_Woodring_-_Painted_Pants.jpg23rd Annual Esperanza Woodring Memorial Cast Net Rodeo – Saturday 11/5 with lessons at 8:30 a.m. & competition beginning at 9:30 a.m. www.baitboxsanibel.comSCCF logo

 

 

2016 Wines in the Wild – Saturday 11/5, SCCF fundraiser, held for the first time at SCCF’s Bailey Homestead Preserve from 5 to 7 p.m.

Inaugural Sanibel Blues & Jazz Festival sponsored by the Sanibel-Captiva Optimist Club– is Sunday, 11/6 at Bailey’s Center from 1 to 7 p.m. Limited tickets, but some still available. http://www.sanibelbluesandjazzfest.org

Local Politics

Ding Darling Society logoFor Florida registered voters, the J.N. “Ding” Darling Wildlife Society and SanibelSusan ask that you vote to help conservation:

Vote “Yes” on Conservation 20/20 which is an opportunity to help safeguard Lee County’s long-term economic and environmental sustainability and quality of life by continuing to protect the county’s exceptional natural resources, yet without increasing taxes.

Vote “No” on Amendment 1 which is a deceptively-worded amendment that creates barriers for future solar power competition and slows solar use for the future. Help keep solar rights in your own hands, not in those of the utility companies.

Sanibel & Captiva Islands Multiple Listing Service Activity October 14-21, 2016sancap GO MLS logo

Sanibel

CONDOS

7 new listings: Sundial West #C310 1/1 $439K; Blind Pass #F106 2/2 $459,999; Coquina Beach #3C 2/2 $479K; Sundial West #D304 1/1 $549K; Seawind #A103 2/2.5 $564K; Kings Crown #211 3/2 $899K; Golden Beach #2 3/2.5 $1.499M.

1 price change: Coquina Beach #4C 2/2 now $449.9K.

3 new sales: Casa Blanca #8 1/1 listed at $259,989; Mariner Pointe #943 2/2.5 listed at $595K; Sundial #P205 2/2 listed at $780K.

No closed sales.

HOMES

6 new listings: 2074 Wild Lime Dr 3/2 $579K, 3918 Coquina Dr 3/2.5 $939K, 1747 Jewel Box Dr 3/2 $1.175M, 6101 Starling Way 3/4 $1.295M, 2302 Wulfert Rd 4/5 $1.595M, 1743 Venus Dr 4/3.5 $1.799M.

1 price change: 4449 Waters Edge Ln 3/3 now $4.495M.

2 new sales: 615 Hideaway Ct 3/2.5 listed at $1.195M, 3675 West Gulf Dr 3/2 listed at $3.3M.

5 closed sales: 956 Dixie Beach Blvd 2/1 $305K, 5749 Pine Tree Dr 3/3 $610K, 9468 Peaceful Dr 3/2 $739K, 1112 Olga Ave 6/2.5 duplex $849.5K, 3792 Coquina Dr 3/3 $987.5K.

LOTS

3 new listings: Island Inn Rd $189,555; 4954 Joewood Dr $499K, 6053 Sanibel-Captiva Rd $1.395M.

1 price change: 976 Whelk Dr now $719K.

No new sales.

2 closed sales: Sabal Sands Rd $250K, 5290 Punta Caloosa Ct $265K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #4102 1/2 listed at $305K.

No closed sales.

HOMES

2 new listings: 15161 Captiva Dr 4/3.5 $2.295M, 16181 Captiva Dr 5/5 $2.95M.

2 price changes: 16167 Captiva Dr 4/3 now $1.735M, 16177 Captiva Dr 2/2 now $3.45M.

No new or closed sales.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

enjoy-weekendUntil next Friday, enjoy your fall weather & remember to call The SanibelSusan Team if we may help you with island real estate!

Susan Andrews, aka SanibelSusan