Weekend Ready on Sanibel & Captiva Islands

 As Lee County children went back to school this week, they had nice mostly sun-shiny weather with only occasional sprinkles. Daytime temperatures remain in the high 80’s/low 90’s (degrees F). fairly typical for this time of the year. (Often much warmer inland.)

There are few visitors here now, but reservations should pick up as northerners start thinking of winter weather. The SanibelSusan Team is ready for more business as we look forward to continued recovery progress and occupancy improvement. Below are some news items from this week:

Sanibel Scoop

Blind Pass condos bridge damaged by Ian – soon to be rebuilt

Bridge Over Clam Bayou – Blind Pass Condominiums posted on social media that they have approval to start rebuilding their bridge over Clam Bayou that was destroyed in Ian. They hope construction begins in September, finishing in October.

Jerry’s Market – Next week, from Sunday August 18 at 5 p.m. through Saturday, August 24 at 7 a.m., Jerry will close to upgrade electrical equipment.

 Public Beach Parking – The City announced mid-week that all the last public beach parking lots (including Turner Beach) had reopened following cleanup from the sand/flooding caused when Tropical Storm Debby passed by on August 3 and 4. Island-wide, some roadway swales still have some water, but many receded significantly. I took a ride through the Lighthouse Beach lots Wednesday, noticing many empty parking spots, probably indicative of kiddos being back in school.

SCCF (Sanibel-Captiva Conservation Foundation) – posted good news Monday: The U.S. Army Corps of Engineers have signed a decision for the Lake Okeechobee System Operating Manual (LOSOM). This completes the final step in the approval process for LOSOM. This new water management plan will lower the number of damaging discharges to the Caloosahatchee River and Gulf of Mexico, providing greater operational flexibility to water managers and ultimately sending more water south to the Everglades and Florida Bay.

 Florida Realtors Think Tanks®

Last Thursday and Friday were the state Think Tank legislative meetings which preface the in-person business meetings and convention next week. The Think Tanks were held by Zoom again this year, During the Resort and Second-Home Specialist Breakout Group meeting, where I am a panelist, Denis Hanks, Executive Director of Florida Alliance for Vacation Rentals (FAVR) provided an update on the vacation rental market. Here are a few tidbits he shared:

·       Top Destinations: Kissimmee, Panama City Beach, Destin, Davenport, Anna Marie Island.

·       Fastest Growing Areas: Kissimmee, Davenport, Destin, Tampa, Jacksonville.

·       The number of short-term Florida rentals has increased to 389,805.

·       Comparing rentals to hotel rooms, there are over 1M today compared to 706,000 bedrooms.

·       Overall occupancy has dropped, but revenues are up.

DBPR (Division of Business & Professional Regulation) provides a lot of info for Vacation Rental license holders, but FAVR is pushing for even more education, not just for operators but also in developing industry relationships, better governance, and more proficient operators.  Their goal is to resolve top statewide complaints through comprehensive education for owners, property managers, government, tourism industry, public safety, and communities. With a county-by-county education initiative, they help local governments and operators with compliance, considering partnerships to be part of the solution. That education includes local rules and regulations (registrations, noise, parking, trash), state compliance, safety, taxation, insurance, general operations, and legal.

FAVR also offers a free certification (Mandatory Human Trafficking Awareness Training) which is required annually of all front-line employees in hospitality. They too offer 4-hour Safety Program training.

Sanibel & Captiva Islands Association of Realtors®

Upcoming Meetings – There was no local Caravan meeting this week. Also, none is scheduled next week when the leadership team is in Orlando at the 2024 Florida Realtors® business meetings and convention. The following week, on August 29, is a monthly membership meeting with guest speaker, John Talmage, Director of Lee County Economic Development Office. An Open House caravan of new listings will follow that meeting.

Changes Required by NAR Settlement – Today is the day that the Sanibel & Captiva Islands Association of Realtors®, in accordance with National Association of Realtors® (NAR) settlement, removed any reference to compensation (commissions) from their Multiple Listing Service (MLS). This resulted in some new/updated report formats and requires that active listings be modified.

SanibelSusan Realty

Listing Modifications – SanibelSusan Realty listing agreement modifications went out yesterday for electronic signature(s) through Florida Realtors® Form Simplicity Program.

The modification form itself is used for a variety of agreement changes, but in most cases does not change any terms of the original agreement except to add that “commissions are not set by law and are fully negotiable” and that commissions will not be posted in the Multiple Listing Service. (Any questions, please give me a call.) All other terms of the basic listing agreement do not change and still apply. New listing agreements from here forward will have updated language.

What Do These Changes Mean? – In my opinion, these mandated changes do not affect island sales much. Real estate commissions have always been and continue to be negotiable. Since our local Association does not use electronic lockboxes, our Realtors® already communicate with each other to schedule showings and discuss property details. Relaying the commission that is offered to a Buyer brokerage is an easy addition to those conversations.

Regarding the forms that NAR now requires for Buyer representation: Florida for years has required that agency disclosure forms convey relationships, fiduciary responsibilities, and be signed by a Buyer. Florida also, for many years, has used Transaction Brokerage in those instances where a company facilitates a transaction for both Seller and Buyer. That language already is included in our listing agreements and will continue.

(FYI, not all states are the same. Florida real estate contracts have improved so much in the 32+years that I have worked here. Ahead of many states, I think.)

At our last monthly local Realtor® membership meeting, I announced that SanibelSusan Realty welcomes all Realtors® to show our listings and that we will continue to offer compensation to Buyer Brokers. Realtors® may have more forms to complete now, but we encourage Buyer Brokers to work with us, to the benefit of both Buyers and Sellers.

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

Again, it was a slow week for sales, much like late summer most years. September also can be a slow month, with October usually when we start to see business perk up.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

76

1,080,522

159

88

2,738,989

158

29

936,203

250

Under contract

10

813,190

180

11

1,125,545

113

1

3,300,000

499

Sold 2024 to 8/16

53

852,538

114

131

1,468.606

104

12

1,402,166

147

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

30

1,411,233

174

20

7,303,800

272

2

13,750,000

281

Under contract

2

1,897,250

262

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 8/16

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity August 9‑16:

Sanibel

CONDOS

2 new listings: Oceans Reach #3B2 1/1 $650K, Mariner Pointe #941 3/2 $999K.

4 price changes: Sanibel Arms #D2 1/1 $350K, Sanibel Moorings #1422 2/2 now $789K, Sanibel Siesta #103 2/2 now $875K, Loggerhead Cay #212 2/2 now $875K.

2 new sales: Sundial #C310 1/1 listed at $625K, Sundial #H303 2/2 listed at $745K.

1 closed sale: Sundial #D401 2/2 $975K.

HOMES

2 new listings: 4752 Rue Helene 2/2 $1.47M, 829 Pyrula Ave 3/3 $1.8M.

2 price changes: 1719 Serenity Ln 3/2 now $759K, 1242 Par View Dr 3/2 now $1.079M.

No new sales.

3 closed sales: 1016 Fish Crow Rd 3/2 $550K, 938 Pecten Ct 3/2.5 $1.495M, 911 S Yachtsman Dr 3/3 $1.5M.

LOTS

1 new listing: 224 Daniel Dr $750K.
No price changes, new, or closed sales.

Captiva

CONDOS

2 new listings: Tennis Villas #3135 1/1 $465K, Bayside Villas #4220 1/2 $659K.

2 price changes: Gulf Beach Villas #2011 1/1 now $730K, Captiva Shores #3B 3/2.5 now $1.395M.

No new or closed sales.

HOMES & LOTS
Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

 Enjoy your weekend! Susan Andrews, aka SanibelSusan

It’s A Sunny Friday Post-Debby

Another Friday has arrived with the island drying out from Tropical Storm Debby and shellers hauling in plenty of beautiful empty specimens. There was not much sales activity posted in the island Multiple Listing Service (MLS) this week, but our listings had some action. Below are some observations on the effects of the tropical storm and real estate happenings,

Overlooking San Carlos Bay at end of Dixie Beach Blvd Tues 08-06-2024

Post Tropical Storm Debby

When forecasters said that the right side of a tropical storm/hurricane is the dirty-side, I looked up that definition. They said Tropical Storm Debby was going to be “dirty” at ~425 miles off the coast of Florida, out in the gulf when it passed Sanibel and Captiva last weekend. The “dirty-side” means where there will be the highest winds and storm surge, and greatest tornado threat.

SCCF (Sanibel-Captiva Conservation Foundation) reports that data recorded by their Marine Lab through the River, Estuary, and Coastal Observing Network (RECON) shows that the Debby 2-foot storm surge exceed the one from Hurricane Idalia which passed the islands off-shore, last August. With Debby coming earlier than other recent storms (Ian and Idalia), there were more than 500 sea turtle nests still incubating on Sanibel and Captiva beaches when the Debbie bad-weather bands arrived. SCCF biologists are still assessing nest damage.

From inside my little home on Anchor Dr, I can confirm that Debbie produced more winds and rain than I have ever experienced during a storm. A moat formed around my home with as much, if not more, water remaining than what was here when I viewed it after my Hurricane Charley evacuation in 2004.

During high tide, early Saturday afternoon, my dock was well under water with the canal creeping into my backyard. Thankfully, it did not reach the home or pool, but it took several days for the roadway water to subside enough that I dared drive through it. Dave and Lisa parked up the street and waded in on Sunday to check on things.

Tuesday, I ventured to the Post Office and tried to go down West Gulf Dr but turned around before the entrance to East Rocks. Swales were full everywhere and water was over the road and deep in several spots. Water was under the buildings (in the covered parking areas) at Kings Crown and remains there today. Also at Pointe Santo, the new tennis courts and much of Bldg C parking lot were under water.

From Casa Ybel east there did not seem to be as much standing water on the roadsides and I enjoyed seeing a gopher turtle trotting along Middle Gulf Dr. Special always to see those.

On Sunday, the City temporarily closed the public beach parking lots due to flooding. Social media pix of Lighthouse Beach gulf-side showed that much of the beach renourishment sand added just a few short months ago was in the parking lot. Only the top of a bike rack was visible in one photo.

By Monday afternoon, the City reopened Bowman’s Beach lot. Then by Wednesday, the lots at Blind Pass and Tarpon Bay Rd also reopened. The boat ramp too.

Wednesday and yesterday, I again tried driving into East Rocks, but no dice. That community entrance is still was too deep for my car.

When I swung through Seagull Estates/Daniel Dr, it was good to see that the home so heavily damaged by Ian has been demolished/removed. Their community lake was over the banks but receding.

In various areas, I also noticed several downed gumbo limbo trees which I heard started to fail after salt water intrusion from Ian. I had one fall over a month ago at my house. Also saw quite a few tall palms leaning in new directions, so more trees are struggling. The bends in the resprouting Norfolk pines at the corner of Lindgren and East Gulf also are interesting to see. Those trees are tough!

08-09-2024 East Gulf & Lindgren

I heard from another Realtor® that the newly-restored office at Oceans Reach flooded and will need to be redone again. There may be more reports of that happening in ground-level properties where gulf water breached the dunes.

This morning, the City announced that the gulf-side Lighthouse Beach parking lot and Gulfside City Park lot have reopened. Only the Lighthouse bayside lot and Turner Beach lot remain closed.

During my morning rounds today, I noticed new landscaping at both Hurricane House and Villas of Sanibel. Also looks like the new tennis/pickleball courts are done at Compass Point and a new sign is up at Sanibel Sea School.

On another positive note, post-Ian reconstruction and restoration continues. SW FL is lucky that Debby was not closer. Fingers crossed that is it for 2024 storms, but we know to heed the forecasts during hurricane season – or through November.

Florida Realtors®

Monday afternoon, shortly after the Florida Realtors® Zoom class on Listing Agreement modifications began, my cable/internet service went out again. Though my electricity only flickered during the storm, Xfinity also was out for more than 24 hours over the weekend.

Florida Realtors®, like other states, is hurrying to get their new and revised forms done before the August 17 deadline for compliance with NAR-mandated changes. The changes require that all reference to Realtor compensation be removed from Multiple Listing Services and that existing listing agreements be modified disclosing that to Sellers and adding the phrase “Brokerage commissions are not set by law and are fully negotiable.”

Florida Realtors® Annual Business Meetings began yesterday with the state Think Tanks which meet via Zoom. These Think Tank events set the stage for items that will be covered during the in-person meetings in Orlando that begin August 19. There are Think Tanks for:

·        Appraisal Legislative

·        Attainable/Workforce Housing Legislative

·        Legislative & Regulatory Business Issues

·        HOA/Condominium Legislative

·        Land Use, Property Rights and Sustainable Development Legislative

·        Insurance Legislative

·        Property Management Legislative

·        Legislative and Regulatory Research

·        Resort and Second Home Specialist Legislative

·        State and Local Taxation Legislative.

I am a panelist on the Resort and Second-Home Specialist Breakout Group that is meeting this afternoon from 2 to 3 p.m. I also will be in Orlando for the upcoming business meetings and convention (Aug 19-24), but I will always have my phone in hand.

Teammate Dave and Lisa are accustomed to me being in Orlando for these meetings. Technology now makes our work so much easier than when I began serving on the state leadership team over 27 years ago. That networking has resulted in gaining some wonderful pals all over the state and nationally. I never ask for a referral when passing business on to one of them but am always happy to recommend someone if you ever need a real estate expert elsewhere. They know SanibelSusan as the gal who always wears flip flops and wants clients to get the best service.

Sanibel & Captiva Islands Association of Realtors®

 At our island Realtor® Association Professional Development Committee Meeting Tuesday, we finalized educational and speaker events through October. There also was a Caravan meeting yesterday but no new listings were open up for viewing.

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

78

1,081,174

164

91

2,688,995

156

28

942,853

252

Under contract

9

881,877

134

14

1,174,999

114

1

3,300,000

499

Sold 2024 to 8/9

52

850,183

115

128

1,474,550

103

12

1,402,166

147

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

30

1,455,566

185

20

7,303,800

265

2

13,750,000

274

Under contract

2

1,897,250

262

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 8/9

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity August 2-9:

Sanibel

CONDOS

2 new listings: Blind Pass #G102 2/2 $739K, Sundial #N301 2/2 $1.45M.

3 price changes: Donax Village #10 2/2 now $525K, Sandalfoot #4D3 2/2 $735K, Sandalfoot #5C2 2/2 now $745K.

No new or closed sales.

HOMES

No new listings.

2 price changes: 815 Birdie View Pt 3/3 now $1.845M, 2255 Troon Ct 4/5.5.5 now $2.299M.

2 new sales: 1504 Wilton Ln 3/2 listed at $899K, 3822 Coquina Dr 4/3.5 listed at $999,999.

4 closed sales: 1011 S Yachtsman Dr 5/2.5 $1M, 4573 Bowen Bayou Rd 3/2 $1.3M, 1402 Middle Gulf Dr 3/3 $1,313,250; 4731 Rue Belle Mer 5/5.5 $7.5M.

LOTS

1 new listing: 6492 San-Cap Rd $975K.

1 back-on-market: 1801 Olde Middle Gulf Dr (former site of Clam Shell condos) $6.999M

No price changes, new 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.

Enjoy your weekend! Susan Andrews, aka SanibelSusan

A Friday with Eyes on the Weather

Restoration Amps Up

As island restoration continues, contractor work seems to have amped up, with owners and businesses looking forward to an improved upcoming “high season”. I noticed the new sign up this week at the Olde Sanibel Shops (where Periwinkle and Tarpon Bay Rd intersect). Be sure and stop in at Over Easy Café for a yummy cinnamon roll.

I also saw that the blue tarps that have been covering much of Sanibel Surfside for weeks have come down and work on the building exterior is underway.

At my home on the private end of Anchor Dr where it usually is quiet as a mouse in the summer, workers are busy from sunup to sundown, usually six days a week.

The new home going up next door (where the former one burned down) has been pouring pilings and now beginning construction on the raised living level. The home on the other side of me, that sold in March for a whopping $2.6M, is already getting a new metal roof, solar, and Hardie board exterior; while, across the street from that one, a new roof is going on a recently-restored ground-level home.

There also is plenty of activity on the public end of Anchor Dr with another new “big” home going up and several others getting new roofs, gutters, interior/exterior renovations, landscaping and dock work. You need patience just to drive up/down the street, but the community will be stronger and more resilient when all this work is done.

Weather

Summer weather can be challenging for contractors. Showers may arrive quickly, be accompanied by serious lightning, and interrupt schedules. Teammate Dave encountered a whopper early Tuesday afternoon when he was checking a couple of properties for clients. Those fast heavy rains also often result in temporary roadway flooding. I saw plenty of that when I drove down Periwinkle later that day. The “water over roadway” signage remains up. Perhaps in preparation for the tropical disturbance, that forecasters and all of us are watching carefully.

Late yesterday, Florida Governor DeSantis issued an Executive Order, issuing a state of emergency for Charlotte, Collier, and Lee Counties in SW FL as Invest 97-L moves toward the state.

 Florida Realtors®

Both Monday and Tuesday this week, I attended the “Let’s Talk Buyer Broker Agreements” webinars by Florida Realtors® Vice President of Law/Policy and General Counsel, Juana Watkins. The first class was for brokers and the second for sales associates. Not only are there now additional forms when working with buyers, but also more forms are in the pipeline to clarify the listing requirements from the NAR-settlement. I also registered for a Florida Realtors® class Monday August 5 with Juana, regarding Listing Agreement modifications.

Sanibel City Council

Also Tuesday, I attended the 3-hour special City Council Meeting where several items were covered including passing a resolution establishing that temporary-use permits may be issued to resorts and hotels for beach club day passes.

This relates to Sundial Resort looking sell passes now that some of their central restaurants and amenities are ready, but resort condos are not open for occupancy. This day-pass opportunity is temporary and only available to the few licensed lodgings in the resort district where nightly rentals are allowed but lodging rooms are not ready. (Sundial’s ribbon-cutting at the central resort area was yesterday. Their new sushi bar Shima, Turtle’s Tiki Bar, and Sea Breeze Café are now open.)

The lengthier agenda item was a presentation on new software being implemented by the City. Called OpenGov, this is the first year that it also will aid in the upcoming budget process. This meeting was the first City workshop to discuss the 2025 City budget and included input by Deputy City Manager and Chief Financial Officer Steve Chaipel with comments by commissioners, City staff, and the public. The next budget meetings are in late August and September.

Every time I attend one of these meetings, I am awed at the amount of work that our City government and these council members continually do for island citizens. I hope they know how much they are appreciated.

Quantum Fiber

The City posted a notice this week that they received the following info from Lumen Technologies regarding the installation of new fiber lines throughout the island. It says:

What: Construction of Quantum Fiber’s blazing-fast fiber internet is underway and progressing on Sanibel Island. Beginning August 1st, Lumen Technologies and their construction partners will start at the east end of the island and work west. Expected completion date, including sod restoration, is around mid-January 2025… Work may look like path creation, excavation, and/or pulling fiber or conduit.

Where:  Construction is underway in areas of Sanibel, including Periwinkle (approximately from Seagrape to Kings Crown)….”

I can confirm that this afternoon there were two crews working on East Gulf Dr, one on Periwinkle Way just west of the End End shops, and two on Anchor Dr. Many large work vehicles, single-lame traffic, and sign-holders were directing traffic at each of these areas.

Sanibel & Captiva Islands Association of Realtors®

The local Realtor® Association did not have a Caravan meeting this week, but they hosted presentations of the two Florida Realtors® webinars for members who had not personally registered. There is a Caravan meeting scheduled for next Thursday (August 8). I will participate too on Tuesday at the Professional Development Committee Meeting.

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

We are thankful to have had a condo closing this week. It is the first time in my 35 years as a Realtor® that I have sold a property in a building with no roof. Thanks to teammate Dave for gaining access to that construction area, performing a walk-through, and taking pictures to email to the appreciative Buyer. The pix may show the missing roof and an empty interior with stud walls, but the view is fabulous. (Hurricane Ian sure resulted in some unusual new experiences.)

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

77

1,075,022

168

95

2,611,280

149

27

700,774

257

Under contract

9

881,877

134

16

1,664,062

126

2

5,149,500

260

Sold 2024 to 8/2

52

850,183

115

124

1,432,493

101

12

1,402,166

147

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

30

1,455,566

178

20

7,303,800

258

2

13,750,000

267

Under contract

2

1,897,250

262

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 8/2

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity July 26‑August 2:

Sanibel

CONDOS

1 new listing: Oceans Reach #3X3 1/1 $779K.

1 price change: Lake Palms #5 2/2.5 now $559K.

3 new sales: Tennisplace #B32 2/1.5 listed at $449K, Sanibel Moorings #1411 1/1 listed at $599K, Oceans Reach #1D3 2/2 listed at $979K.

View from Sunset South #15B 07-30-2024

2 closed salesSunset South #15B 2/2 $1M (SanibelSusan Buyer), White Pelican #111 3/2 $1.45M.

HOMES

4 new listings: 1001 Lindgren Blvd 3/2 $1.25M, 2313 Wulfert Rd 4/3 $1.699M, 3361 Saint Kilda Rd 3/2 listed at $1.925M, 1321 Eagle Run Dr 3/3.5 $2.349M.

6 price changes: 248 Christofer St 2/2.5 now $994K, 3314 Saint Kilda Rd 3/2 now $1.2M, 1112 Skiff Pl 3/2 now $1.24M, 1341 Junonia St 4/3 now $1.299M, 954 Whelk Dr 3/2 now $1.495M, 2255 Troon Ct 4/5.5.5 now $2.35M.

4 new sales: 4049 Coquina Dr 3/2 listed at $499K, 1016 Fish Crow Rd 3/2 listed at $689K, 1021 Sand Castle Rd 3/3 listed at $1.299M, 836 Birdie View Pt 3/3.5 listed at $1.949M.

4 closed sales: 1454 Sandpiper Cir 4/3 (1/2 duplex) $650K, 5305 Ladyfinger Lake Rd 3/2 $875K, 3343 Saint Kilda Rd 3/2 $1.01M, 6425 Pine Ave 4/3 $1.58M.

LOTS

1 new listing: 4037 Coquina Dr $1.15M.

No price changes or new sales.

1 closed sale: 1757 Windward Way $350K.

Captiva

CONDOS

1 new listing: Gulf Beach Villas #2011 1/1 $735K.

2 price changes: Bayside Villas #5112 1/2 now $445K, Bayside Villas #5208 1/2 now $550K.

No new or closed sales.

 HOMES & LOTS
Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

Wrapping Up July 2024 on Sunny Sanibel

Summer is flying by and here it is another sunshiny Friday. The islands were mostly rain-free this week until yesterday about 5 p.m. when a thunder buster passed over, dropping enough water that pools likely won’t need any added.

More Progress & Openings

C.R.O.W. – The Clinic for the Rehabilitation for Wildlife got a new sign this week. (Even little changes like this get a smile.) Check it out yourself when you visit their Visitor Education Center which is open Monday-Friday 10 a.m. to 4 p.m.

CVS Reopening – Currently under construction and with new sea turtle mural painted outside (added by local artist Rachel Pierce), the CVS drug and convenience store on Palm Ridge Rd is expected to reopen September 1st. (There also is new island coastal vibe at Lighthouse Cafe where Rachel recently painted a lighthouse mural.)

Daycations at Sundial – This new limited offering at the resort, previously advertised as becoming available this weekend, has been delayed until next weekend. The condos themselves are not yet open for vacation rentals, but the purchase of a Sundial Daycation pass is expected to provide single-day access from 10 a.m. to 7 p.m. to their beach, oversized central pool and slide, hot tub, beach chairs and umbrellas, volleyball, cornhole, foosball, ping pong, and poolside bingo plus a dining gift card. Cost is $75/adult (includes $30 dining card) and $45/children ages 3-12 (includes $15 dining card). Bike, watercraft, racquet sports, and cabana rentals may be available for additional fees. Reservations required.

Wildlife Dr Time Change – Beginning August 1, through the end of the month, Wildlife Dr will be open from 7 a.m. to 7:30 p.m. Hours are shortened due to earlier sunsets. Note: Along with Wildlife Dr and the “Ding” Darling Visitor & Education Center, Indigo Trail also is closed every Friday. Bailey Tract and Tarpon Bay Explorers are open that day during regular hours.

The Sanibel School

Growing up in New England where schools didn’t reopen until after Labor Day, it always surprises me when the local school year here begins. In Lee County, it is August 12, or in just a little over two weeks.

Yesterday. It was special to read the following post by The Sanibel School: “Sanibel School is #1. It has been awarded a state grade of “A” for the 24th year in a row and is ranked the #1 elementary and middle school in the Lee County School District. We’re also proud to be one of the top-ranking schools in the entire state of Florida. If your child wants to attend the best school in Lee County, contact Donna Marks at 239-472-1617 to enroll for the upcoming school year. Let’s make this year amazing together!”

Sanibel & Captiva Association of Realtors®

NAR Changes – The Tuesday morning, Florida Realtors® Buyer/Broker webinar was informative and well attended. Our state association has generated several new forms (easily assessable through Form Simplicity) to ensure our members comply with NAR (National Association of Realtors®) settlement requirements that become effective August 17. These changes include that a Realtor® working with a buyer must enter a written agreement with them before touring a property.

Another change requires that broker offers of compensation be removed from Multiple Listing Services. The Sanibel and Captiva Islands MLS plans to remove those fields on August 16. Offers of compensation will continue, just not be advertised through the MLS. Compensation benefits sellers by expanding the potential buyer pool and helps make ownership and the benefits of professional representation more accessible to buyers.

Between now and mid-August, more forms with additional instruction are scheduled, including two webinars next week by Florida Realtors® VP of Law/Policy and General Counsel, Juana Watkins. I attended the Buyer/Broker class this week and am also registered for two with Juana next week. The first is for brokers, the second for sales associates.

These NAR-mandated changes also will require modification of existing listing agreements to provide notice to sellers that the broker compensation offered to those working with buyers will no longer be posted in the MLS’s. Not to worry, there are plenty of other ways we can promote it, including by talking to each other. (No significant changes in how business is done on the islands are expected, just more paperwork.)

July Membership Meeting – Yesterday at the monthly membership meeting of the islands Association of Realtors®, Sanibel Planning Commission Vice Chair and Realtor® Eric Pfeifer was the featured speaker. The meeting was well attended with many taking notes, as Eric described the relationship of the various City departments/employees and City Council/Planning Commissioners, how their work relates to our business (both residential and commercial), and the work they have accomplished, including recent Code/Ordinance changes, particularly since Hurricane Ian. Superior Title of Sanibel was the sponsor.

Following the membership meeting, a short caravan meeting followed. No new sales were announced and just a single Sanibel home was open for afternoon viewing.

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

On the commercial side, the site of the former Jean Paul’s French restaurant at 708 Tarpon Bay Rd came on the market this week while the gas station at 1067 Bailey Rd went under contract. That contract is contingent but could become the third commercial sale on Sanibel this year. The other two were The Driftwood Inn on Donax St and several offices with a long-term lease at 1049 Periwinkle Way. It sure will be great to again see activity at more of the commercial properties that have not reopened or been restored since the storm.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

86

1,056,483

163

107

2,579,192

155

27

680,366

265

Under contract

8

1,073,112

139

17

1,608,529

111

3

3,556,000

195

Sold 2024 to 7/26

50

834,990

116

120

1,445,952

100

11

1,497,818

155

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

27

1,537,851

190

20

7,303,800

251

2

13,750,000

260

Under contract

2

1,897,250

262

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 7/26

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity July 19-26:

Sanibel

CONDOS

3 new listings: Colonnades #1 1/1 $299K, Beachcomber #C201 2/2 $1.449M, Beachcomber #C301 2/2 $1.595M.

1 price change: Sundial #H303 2/2 now $745K.

2 new sales: Seashells #25 2/2 listed at $475K, Seashells #40 2/2 listed at $475K.

No closed sales.

HOMES

2 new listings: 1021 Sand Castle Rd 3/3 $1.299M, 1870 Woodring Rd 3/3.5 $3.095M.

1 price change: 1018 S Yachtsman Dr 3/3 now $1.137M.

1 back-on-market: 490 & 460 Old Trail 3/2.5 $650K.

4 new sales: 2501 Key Lime Pl 2/2 listed at $719K, 1220 Par View Dr 3/2 listed at $1.375M, 628 Lake Murex Cir 3/2.5 listed at $1.597M, 911 S Yachtsman Dr 3/3 listed at $1.785M.

3 closed sales: 902 Kings Crown Dr 5/4.5 $1.65M, 1690 Sabal Palm Dr 5/3 $2.277M, 1500 Angel Dr 4/3.5 $3.05M.

LOTS

No new listings.

1 price reduction: 717 Birdie View Pt now $580K.

No new 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.

Enjoy your weekend! Susan Andrews, aka SanibelSusan

It’s Another Happy Friday On Sanibel Island

As we wrap up another sunshiny Friday on Sanibel and Captiva, only a couple of occasional showers earlier in the week dampened outdoor activities. Most recent rain has been inland. More of the same is expected next week with daytime temperatures forecast to remain in the high 80’s/low 90’s (degrees F), though rain predictions are up.

It really is wonderful to again see so much new green growth everywhere. When I drive down Periwinkle Way and around the “S’ turn on Captiva Drive, I often think that soon we may again see the lush canopy tunnels that have not reappeared since Charley, almost 20 years ago.

Photo below is one I took yesterday from Woodring Dr overlooking San Carlos Bay. Following it is one that teammate Dave took this morning of the progress of the new fishing pier at Mariner Pointe, also overlooking the bay.

Sanibel Estates & Shell Harbor Update

Following up on the news and photo last week that dredging at the entry to the East End canals was underway, today as a Sanibel Estates homeowner, I received a Notice of Public Hearing from the City.

Back in 2011, the City established a recurring annual assessment in these communities to fund regular dredging of the entrance canal (opposite the marina). It is paid through our Lee County real estate tax bills. I paid $40 for that last year.

With dredging cost increases, the City has scheduled a public hearing for August 20 at 9:10 a.m. to consider adoption of an Annual Rate Resolution to impose an annual assessment in an increased amount for the period beginning October 1, 2024, through September 30, 2025. The assessment amount is anticipated to be $125 annually for each property with an existing dock, mooring space, etc. or the right to construct one. Like the earlier assessment, this new one would be paid through our annual real estate taxes.

Upcoming Sanibel 50th Anniversary

November 5, 2024, marks the 50th anniversary of when Sanibel incorporated. A City where natures comes first and where its groundbreaking Sanibel Plan became a model for other cities. Starting then and running through Luminary Holiday Stroll 2025, Sanibel and the Sanibel-Captiva Chamber of Commerce are planning a 13-month celebration in partnership with island businesses, non-profit and faith-based organizations, and resident groups.

Events are added to the Chamber’s 50th Anniversary Calendar at www.Sanibel-Captiva.org. Sign up there for notifications and to purchase anniversary merchandise. For those wondering about the events planned so far:

Nov 5 – City of Sanibel time capsule revealed.

Nov 14 – Fall Health Fair at the Sanibel Rec Center.

Nov 19 – Sanibel Plan documentary premier, exhibit opening, & reception.

Dec 6 – Sanibel Luminary Holiday Stroll 2024

Dec 7 – 2024 F.I.S.H. Jog n Jam 10K/5K Race, Sanibel Community House (also offered virtually)

Dec 7 – 2024 F.I.S.H. Jog n Jam Concert on the Beach with fireworks, Tween Waters

Apr 19 – Beer in the Bushes

July 4 – Fourth of July Parade

Dec 5 – Sanibel Luminary Holiday Stroll 2025

New Florida Laws

As posted in our island MLS this week: “Dozens of new laws passed during the most recent legislative session and approved by Gov. Ron DeSantis go into effect today (July 1, 2025), impacting homeowners across the state. They cover a wide range of issues, many championed by Florida Realtors® as a legislative priority. Additionally, a bill that would have gone into effect today was vetoed by DeSantis on Thursday. SB 280 was a measure aimed at regulating vacation rentals. The veto was also a Florida Realtors’ legislative priority.

The following is a breakdown of some of the new laws that begin today that impact the real estate industry:

Hometown Heroes Housing Program (SB 328): Adds $100 million to the successful first-time homebuyer program. It also builds on the policies created in last year’s Live Local Act that spur private investment in affordable housing, and it clarifies changes to local zoning, height and density regulations to ensure counties and cities have the guidance they need to create more affordable housing options in their areas.

My Safe Florida Home Program (SB 7028): Adds $200 million to the program so more Floridians can protect their homes against storms and reduce their insurance premiums. The bill also provides for home inspections without having to apply for a grant, lets low-income homeowners receive up to $10,000 without having to match the amount and mandates the program administrator to streamline the grant process while prioritizing reviews based on income and age, among other things.

My Safe Florida Condominium Pilot Program (HB 1029): Expands the My Safe Florida Home Program to include condominiums. This expansion allocates $30 million to help condominiums within 15 miles of the coast harden roofs and openings against storms.

Protecting Private Property Rights (HB 62): Addresses issues with squatters who occupy private property by allowing property owners or their agents to request the immediate removal of unlawfully occupying persons from a residential dwelling.

$408 Million for State and Local Affordable Housing Programs: Lawmakers allocated $408 million to the State and Local Government Housing Trust Funds. This includes $174 million for the State Housing Initiatives Partnership (SHIP) which includes downpayment and closing cost assistance programs, and $234 million for the State Apartment Incentive Loan program (SAIL) which helps build affordable rental housing.

Property Insurance Cost Reductions (HB 7073): Requires insurers to give homestead property owners a deduction on their residential property insurance premiums in the amount of 1.75% of the policyholder’s total premium. It applies to policies with coverage for a 12-month period.

Increased Transparency of Condominium Documents (HB 1021): Requires condo associations of 25 or more units to post digital copies of official condominium documents on their websites. These documents include bylaws and rules, articles of incorporation, declarations, annual financial statements and budgets, FAQ sheets, building inspection reports and reserve studies.

Increased Transparency of HOA Documents (HB 59): Requires homeowners’ associations with 100 or more parcels to deliver physical or digital copies of their rules and covenants to all members and new members.

Over $1.2 Billion for the Everglades and Water Quality (HB 5001): Includes funding for Everglades restoration ($581 million), the C-51 Reservoir ($100 million), Biscayne Bay ($20 million), the Indian River Lagoon ($75 million), the Caloosahatchee River & St. Lucie Estuaries ($25 million), harmful algal blooms ($30 million), springs restoration ($55 million), beach management funding assistance ($50 million), total maximum daily loads ($25 million), the Wastewater Grant Program ($135 million), Resilient Florida Grant Program ($125 million) and Alternative Water Supply ($55 million).

Preventing Unlicensed Real Estate Activity (HB 5001): Allocates up to $500,000 to combat unlicensed real estate activity.
“Other important laws with later effective dates:

Seller Flood Disclosure (HB 1049): Requires a seller to disclose in writing certain flood information to a prospective purchaser at or before executing a contract for the sale of residential property. This disclosure will help buyers make more informed decisions about a property and reduce the number of post-closing disputes. Effective October 1, 2024.

Increased Transparency of HOA Documents (HB 1203): Requires homeowners’ associations with 100 or more parcels to maintain official records on their website or an app. Effective January 1, 2025.

Annual Adjustment to Homestead Exemption Value and Exemption of Homesteads (HB 7017 and HB 7019): Amendments to the State Constitution requiring the $25,000 of assessed value which is exempt from all ad valorem taxes other than school district taxes be adjusted annually for inflation. If approved by voters it would take effect January 1, 2025.”

Sanibel & Captiva Association of Realtors®

The local Association of Realtors® did not meet this week, but next week there are two big events. On Tuesday morning, Florida Realtors® instructor Patti Ketchum is teaching a 3-hour Buyer/Broker webinar. Over 2500 Realtors® are registered to attend via Zoom while the Sanibel & Captiva Islands Association also is offering it in their on-site meeting room. Then Thursday, Sanibel Planning Commission Vice Chairman and local Realtor® Eric Pfeifer will be the guest speaker at July Membership Meeting, with Caravan following.

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

It looks like my complaining last week about the condo market getting worse before it gets better, stoked a little business. There had not been much Sanibel condo action in a month, then surprisingly this week four units went under contract, including one by yours truly! Hooray! Here’s hoping they all make it to closing and that sales continue.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

87

1,030,041

168

110

2,557,141

153

27

681,551

258

Under contract

6

1,272,483

106

16

1,843,874

95

3

3,556,000

185

Sold 2024 to 7/19

50

834,990

117

1,423,395

101

11

1,497,818

155

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

29

1,539,379

190

20

7,303,800

244

2

13,750,000

253

Under contract

2

1,897,250

262

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 7/19

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity July 12-19:

Sanibel

CONDOS

1 new listing: Oceans Reach #1D3 2/2 $979K.

2 price changes: Donax Village #10 2/2 now $550K, Pointe Santo #C21 2/2 now $950K.

4 new sales: Sanibel Arms #C1 2/2 listed at $349.9K, Loggerhead Cay #401 2/2 listed at $885K, Sunset South #15B 2/2 listed at $1.1M (SanibelSusan buyer), Sundial #D401 2/2 listed at $1.179M.

2 closed sales: Sunset South #9B 2/2 $550K, Sandpiper Beach #504 2/2 $940K.

HOMES

1 new listing: 1406 Causey Ct 3/2.5 $1.229M.

6 price changes: 1515 Bunting Ln 2/2 now $869K, 1125 Captains Walk St 3/3 now $985K, 3822 Coquina Dr 4/3.5 now $999,999; 251 Southwinds Dr 4/3 now $1.12M, 1242 Par View Dr 3/2 now $1.15M. 2255 Troon Ct 4/5.5.5 now $2.575M.

2 back-on-market: 2479 Blind Pass Ct 3/2 $999.9K, 2474 Wulfert Rd 4/3.5 $2.298M.

1 new sale: 490 & 460 Old Trail 3/2.5 listed at $650K.

1 closed sale: 199 Southwinds Dr 3/3 $700K.

LOTS

No new listings.

1 price change: 4019 Coquina Dr now $499K.

No new or closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

1 new listing: 1119 Schefflera Ct 5/4.5 $10M.

No price reductions, 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.

Enjoy your weekend,
Susan Andrews, aka SanibelSusan

Anther Friday with Sunshine Peeking Out on Sanibel

A few overcast days this week kept the temperature down, while the occasional sprinkles have vegetation bursting with growth. More of the same is expected over the next week with shower chances at 50%.

Shell Harbor Entrance Channel Dredging

The City posted this week that dredging of the entrance channel to Shell Harbor began yesterday. Though the channel will remain open during the dredging, there may be short periods when boat traffic will be stopped. The project will take a few weeks. During this time, the back section of the Sanibel boat ramp parking lot will be closed. Boat trailer parking spaces will not be impacted.

From Mariner Pointe looking toward Sanibel Marina 07-12-2024

Sea Turtle Season in Full Swing

SCCF (Sanibel-Captiva Conservation Foundation) reported this week that since April 24 they have documented 723 sea turtle nests and 2,204 emerged hatchlings on Sanibel and Captiva. This includes 721 loggerhead nests, one leatherback, and one green sea turtle. Of the hatchlings, 2,164 were loggerheads and 40 were leatherbacks.

SCCF photo

To prevent disorientation of hatchlings, it is a crucial time of year to turn off or shield lights that are visible from the beach after 9 p.m. Hatchlings naturally detect the moonlit horizon to find their way to the water.

To report any problems with lighting, nests, sea turtles, hatchlings, or furniture on the beach, please call SCCF Sea Turtle Hotline at 978-728-3663.

Best Islands in the Continental U.S.

This week “Travel & Leisure” posted the results of their 2024 World’s Best Awards. Included were their 15 best islands in the continental U.S. The list includes both Sanibel and Captiva. Islands were specifically rated on natural attractions/beaches, activities/sights, restaurants/food, people/friendliness, and value. The full list in order of ranking: Golden Isles (GA), Amelia Island (FL), Mackinac Island (MI), Martha’s Vineyard (MA), Florida Keys (FL), Cumberland Island (GA), San Juan Islands (WA), Nantucket (MA), Kiawah Island (SC), Sanibel Island (FL), Hilton Head Island (SC), Mount Desert Island (ME), Fire Island (NY), Captiva Islands (FL), and South Padre Island, TX).

Sanibel & Captiva Association of Realtors®

At the local Association of Realtors Caravan Meeting yesterday, two Sanibel condos and two Sanibel homes were open for viewing. The next Caravan follows the monthly membership meeting on July 25.

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

91

1,024,929

160

109

2,557,446

144

27

682,144

251

Under contract

4

1,429,975

132

18

1,830,494

124

3

3,556,000

185

Sold 2024 to 7/12

48

838,740

119

116

1,429,631

100

11

1,497,818

155

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

30

1,509,366

184

19

7,161,894

250

2

13,750,000

246

Under contract

2

1,897,250

162

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 7/12

11

1,772,727

166

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Crystal Ball

Often, I get quizzed, mostly by owners thinking of selling, on what the next few months will be like for sales. As I told one this week inquiring about listing a condo, I think the market for a typical gulf-view 2-bedroom condo in a complex that rents short-term is going to get worse before it gets better.

With most condo associations still dealing with building and amenity restorations, many completion dates are being pushed out, as carrying costs continue to go up. Hurricane Ian has made my crystal ball fuzzy, but I think the storm fallout can be summed up as follows.

Right after the hurricane, there was a flurry of activity by investors and some buyers looking to grab damaged properties, mostly homes, at discounted prices.

Then last year, there was a wave of terrific sales activity with mostly undamaged properties or that could be occupied, again mostly homes, but gulf-front condos in residential complexes also sold well.

Fast forward to today and what the market is in now is what some agents are calling the post-Ian lull. Summer is traditionally a slower selling time basically because there are few buyers here then, particularly qualified buyers. This year, summer is further complicated with it being an election year and there being a huge mix of offerings.

Today, properties are available that are still in damaged condition ,others in the throes of being restored, and some that are brand-spanking new. This last group being the first wave of damaged properties that have been either mostly or fully restored. There will be more and more of those listed as construction and decorating projects complete and complexes reopen.

Plenty of listings also have come off the market for the summer, because that is what often occurs here then. Come fall, there will be more choices for hesitant buyers.

Does my crystal ball think the island will bounce back better than ever? You bet. For investment-type condos, it just may be later rather than sooner. Well-priced homes will continue to sell, but it may take until later this year or early 2025 before we see a semblance of a normal market overall.

Sanibel & Captiva Islands Multiple Listing Service Activity Jul 5-12:

Sanibel

CONDOS

2 new listings: Loggerhead Cay #401 2/2 $885K, Atrium #306 2/2 $1.999M.

1 price change: Mariner Pointe #1023 2/2 now $549K.

1 new sale: White Pelican #111 3/2 listed at $1.575M.

1 closed sale: Somerset #B101 3/3.5 $1.725M.

HOMES

3 new listings: 9439 Cotten Ct 3/4.5 $1.579M, 1043 Blue Heron Dr 3/3 $1.695M, 5750 San-Cap Rd 3/2 $2.1M.

5 price changes: 9225 Belding Dr 3/2 now $599K, 9263 Dimmick Dr 3/2 now $769.9K, 838/840 Rabbit Rd (duplex) 4/2 now $959K, 729 Sand Dollar Dr 4/3 now $1.299M, 911 S Yachtsman Dr 3/3 now $1.785M.

5 new sales: 547 Chert Ct 3/2.5 listed at $899K, 623 Lighthouse Way 4/3.5 listed at $1.395M, 2474 Wulfert Rd 4/3.5 listed at $2.298M, 1500 Angel Dr 4/3.5 listed at $3.5M, 4731 Rue Belle Mer 5/5.5 listed at $7.995M.

3 closed sales: 6090 Dinkins Lake Rd 3/3.5 $1.125M, 5414 Osprey Ct 3/3 $1.257M, 1365 Jamaica Dr 3/2.5 $1.65M.

LOTS

Nothing to report.

Captiva

CONDOS

1 new listing: Tennis Villas #3120 1/1 $540K.

No price changes.

1 new sale: Beach Homes #25 3/2 listed at $2.8495M.

1 closed sale: Beach Homes #24 3/3 $3M.

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 & check out our ad below that came out today in the island July-August issue of the “Real Estate Guide”!
Susan Andrews, aka SanibelSusan

Celebrating Freedom & Recovery on Sanibel & Captiva

Now that summer weather has settled in, locals and visitors stay tuned to weather forecasts. At my East End home, power was out for several hours during a heavy storm Saturday. While another on Wednesday night caused a stop in parade float decorating, but the parade went off without a hitch the next morning when it was a sunny 89 degrees F at 9:30 a.m.

With the theme this year, “Stronger Together” many island-lovers, businesses, and non-profits came out both to participate in and view the parade. The sunshine continued right through the day, so it also was perfect for later additional events and celebrations.

It sure is hard to believe that this was the 31st year of the Sanibel July 4th parade. I remember when island Realtor® Don Bissell suggested the event and many Realtor® volunteers helped in that first planning and after parade picnic at City Hall. We had organizational meetings at The Quarterdeck. (You’ve gotta be old to remember that place.)

The City took over the parade many years ago and today Don’s daughter Trish Phillips, City of Sanibel Recreation Director, spearheads this annual tradition. It was a great idea then and successful again this year — always full of patriotic spirit and a wonderful display of community camaraderie.

Friday Drive-Around

Progress at Mariner Pointe fishing pier, 007-05-2024

Today, began again with bright blue sky and sunshine, so after teammate Dave stopped in with his Friday listing reports, I took a quick drive out to Captiva to see if it looked any busier than my earlier trips this week. I led a string of six vehicles down Periwinkle to San-Cap Rd but saw just a handful of bikers and other vehicles along the way. On Periwinkle, where I also saw painting activity yesterday at Treetops Shopping Center, painters continue today. The new neutral color scheme already looks great.

On San-Cap Rd, there were young men fishing on the bridge to Clam Bayou, while on the Blind Pass Bridge to Captiva, there were many more fishing and the public beach parking lots were full.

On Captiva Dr, just past the Yacht Club, I stopped for some crossing beachgoers, but didn’t see much activity anywhere other than construction workers and landscapers. Noticed just a couple of umbrellas on the beach.

By the time I reached South Seas, all the cars and trucks behind me had turned off and distant inland clouds looked to be darkening and heading to the islands.

Along the way, on both islands, I also noticed lush greenery and vegetation growth. The largest group of people were at Boops next to The Bubble Room. It also was a surprise to see that the first home I sold (30 years ago) on Captiva is now gone. The pool remains, but the home demolished/removed. It reminded me to drive past By-the-Sea on Sanibel to see how that demo was going.

Coming back to Sanibel, I took Rabbit to West Gulf, seeing a few cars at Rosalita’s. Also noticed good construction progress at the new Shalimar. At By-the-Sea, only part of the last west-most building remains.

As I continued to Middle and East Gulf, I didn’t see more vehicles or people, until a couple of contractor vehicles at the some of the condos. Sanibel Surfside also still is covered in blue tarps.

The dark clouds reached the island as I got home, first with lightning and then it poured for about 30 minutes. I bet that means the full parking lot at the Lighthouse thinned out. My trusty weather app says Sanibel rain should end completely by 6 p.m. Could be the worst of it is already over.

Visitors also should like that the weekend says only 20% chance of showers. It’s summer here now, that’s for sure!

More Island Events & Openings

American Legion Auxiliary Friday Night Dinner – Today, July 5 from 4-7 p.m. at American Legion Post #123 on San-Cap Rd with pulled pork sandwiches, potato salad, cole slaw, and brownies.

Arts & Crafts Fair – Saturday, July 6 from 9 a.m. to 2 p.m. at The Community House, 2173 Periwinkle Way.

Sanibel Lighthouse – The scaffolding came down July 3 with refurbishment complete. Check it out with its new leg, LED light, and exterior paint.

Island Wellness Pharmacy – Sign on a door at Jerry Center (1700 Periwinkle Way, #7) says this business is coming soon and is a sister pharmacy of Cypress Pharmacy on Cypress Lake Dr in Fort Myers.

The Wealth Effect: Money Moves

By economist Jennifer Warner, Florida Realtors Director of Economic Development, this article was posted on-line July 3:

“Florida is enjoying a positive net inflow of new residents, especially those who are wealthy and high earners, from across the country and world.

“ORLANDO – Florida’s reputation as an affordable place to retire has long attracted people of all classes to the Sunshine State when their working days are done. Florida was also an acceptable place to earn a modest living while enjoying the incredible amenities and weather. The perception has long been that working in coastal employment hubs offered the best shot for those looking to climb the corporate and thus financial ladder.

“Florida has worked hard to change the economy first, and its perception of it second. Investing in a variety of industries, supporting the advancement of quality education and overall raising the standard of what businesses could do here has transformed the state’s economy. It only took years of marketing and a pandemic to really rise to the top of the list of places to go for high-income earners.

“Florida was certainly a net recipient of in-migration of all kinds during the pandemic. The latest estimates from the U.S. Census Bureau show Florida’s population grew by 1.6% between 2022-2023, the second highest rate among all 50 states. That equates to about 1,000 net new Florida residents each day or 365,205 total, according to U.S. Census Bureau vintage 2023 national and state population estimates.

“While that trend has slowed somewhat as the drivers of migration associated specifically with the pandemic (open versus closed economy and schools, for example) have waned, Florida is still enjoying a trend of positive net inflow of people from throughout the country and the world.

“In-migration cuts across all types of people, but we’re starting to see not just an influx of all people, but specifically, wealthy people and high-wage earners. To get a better sense of this trend, we took a deep dive into the data collected by the Internal Revenue Service comparing 2021 to 2022 returns. If someone moved between those years and between states, where they moved from and to were captured, along with their reported income. This allowed us to get a sense of where working age people are moving, and how much they are earning.

“For this analysis of high-wage earners, we wanted to look at two subgroups of working age people, specifically those starting out in their careers, or young professionals, ages 26–34, and those in their prime working years, ages 35–54. We identified high-wage earners as those who earned over $200,000.

“Between 2021 and 2022, Florida had a net in-flow of over 1,700 young professionals who earned over $200,000—the highest in the nation. Texas and Colorado took the second and third spots, respectively. For those in their prime working years, Florida had a net in-flow of over 10,600 high-wage earner, according to Census data.

“California and New York were the top two states to lose high wage earners in their prime working years. This tracks with migration patterns of all people in those states, with these states reporting the highest gross out-flow between 2021 and 2022—at nearly 396,000 and 284,000 respectively. For young professionals, California and Illinois saw the highest losses, with Illinois experiencing a gross out-flow of almost 155,000 people across all age and income groups from 2021 to 2022.

“Wealth migration typically was the story for retirees who cash out of expensive coastal areas elsewhere and live large in Florida’s sunshine during their golden years. Hot locations for these people included the Naples and Palm Beach area, as well as parts of the Panhandle and northeast Florida. These areas catered to this demographic who required healthcare and wealth management services as top priorities.

“With wealth also coming in at younger ages, that demographic has different priorities. They need schools and offices, daycares and business centers. This younger age group has the potential to change the economies around them for a long time. Understanding this potential shift in clientele is key to focusing messaging and services to this younger and wealthier demographic.’

Sanibel & Captiva Association of Realtors®

CEO Bill Robinson & his wife Elizabeth

The islands Association of Realtors® parade entry was led by our CEO Bill Robinson and included Prez Brendan Albright, Prez-Elect Becky Mulka, and others in the leadership team, plus members, affiliates, and family members. Thanks to all participants.

There was no Caravan Meeting this week, but there will be one next Thursday at 11 a.m.

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

92

1,022,539

155

114

2,631,910

140

27

682,144

244

Under contract

4

1,509,575

154

15

1,302,906

136

3

3,556,000

185

Sold 2024 to 7/5

47

819,883

119

113

1,431,904

100

11

1,497,818

155

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

30

1,586,350

182

19

7,161,894

243

2

13,750,000

239

Under contract

2

2,097,500

123

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 7/5

10

1,650,000

146

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Jun 28‑Jul 5:

Sanibel

CONDOS

5 new listings: Donax Village #19 2/2 $627K; Sandalfoot #4D3 2/2 $865K; Sandalfoot #5C2 2/2 $875K; Sayana #203 2/2 $949,999; White Pelican #111 3/2 $1.575M.

2 price changes: Donax Village #10 2/2 now $575K, Kings Crown #215 2/2 now $1.275M.

1 new sale: Sandpiper Beach #504 2/2 listed at $995K.

3 closed sales: Donax Village #2 2/2 $599K, Sandalfoot #5A3 2/2 $900K, Sundial #E110 2/2 $1M.

HOMES

3 new listings: 1073 Sand Castle Rd 3/2 $1, 247,007; 592 Sea Oats Dr 3/2 $1.75M, 539 N Yachtsman Dr 4/3.5 $1.795M.

5 price changes: 3898 West Gulf Dr 3/2 now $775K, 1426 Sanderling Cir 3/2 now $949K, 1379 Albatross Rd 3/2.5 now $1.349M, 517 Lake Murex Cir 4/3 now $1.599M, 2255 Troon Ct 4/5.5.5 now $2.599M.

2 new sales: 5305 Ladyfinger Lake Rd 3/2 listed at $995K, 1690 Sabal Palm Dr 5/2 listed at $2.477M.

4 closed sales: 315 Periwinkle Way 3/2 $825K, 3990 Coquina Dr 3/2 $925K, 3708 Agate Ct 3/3.5 $1.3M, 5048 Joewood Dr 4/3.5 $2.35M.

LOTS

Nothing to report.

Captiva

CONDOS,

1 new sale: Beach Villas #2521 2/2 listed at $945K.

No price changes, new, or closed sales.

HOMES

No new listings.

1 price change: 14865 Mango Ct 2/2 now $1.595M.

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.

 Enjoy your weekend! Susan Andrews, aka SanibelSusan

Popcorn Clouds Are Back on Sunny Sanibel

All is well again this week on sunny Sanibel, though the summer rain pattern has surprised some with a few quick showers in the morning, rather than afternoon. Regardless, they passed quickly, have kept temperatures down, and often arrive with puffy popcorn clouds that hang around to contribute to spectacular sunsets.

Nesting Season Update

Least Tern

Shore Birds – Sanibel-Captiva Conservation Foundation (SCCF) announced this week that state-threatened Least Terns are nesting by the causeway for the second year in a row. Before last year, it had been 30 years since these tiny terns had attempted to nest here. In conjunction with Florida Fish and Wildlife and Florida Department of Transportations SW Florida, SCCF’s shore bird team posted off several areas to protect the birds from disturbance before eggs were laid. Environmental monitors are out daily to ensure the well-being of the nests.

Sea Turtles – The first sea turtle nest of the season hatched Monday night. It was a rare Leatherback. As of Tuesday, SCCF’s Turtle Patrol had documented 554 Loggerhead nests and that one Leatherback (422 nests on Sanibel and 133 on Captiva). As of last Friday, they also reported 974 false crawls. Two of those false crawls were the first recorded visits from Green turtles. A false crawl is when a female sea turtle comes ashore but does not lay eggs. This is a common occurrence – with hundreds to thousands of false crawls documented per season on Sanibel and Captiva – but the frequency at which false crawls occur varies from year to year. In 2023, there were over 3,400 false crawls over the season, while in 2022, there were only around 1,000. It is not always understood why a sea turtle false crawls. It can happen naturally, because of beach conditions, or be caused by some external disturbance, like artificial lighting, human presence, or some other physical disruption. It is possible that false crawls happen if certain cues are missing to signal a suitable nesting site, such as sand-moisture content, slope, elevation, or wave exposure. Call the Sea Turtle Hotline at 978-728-3663 to report any issues with nests, nesting turtles, or hatchlings.

Ready for July 4th

Plenty of holiday celebrations are planned on the island, but as a reminder, no fireworks are allowed on Sanibel and there will be no evening fireworks display. Below are some island events scheduled for Thursday, July 4:

31st Annual Independence Day Parade begins at 9:30 a.m., travelling from Island Inn Rd/Tarpon Bay Rd to Periwinkle Way east, ending at Casa Ybel Rd. (Note: These roadways close at 9 a.m.)

Star Spangled Celebration in Jerry’s Parking Lot from 10 a.m. to 2 p.m. with hot dogs, face painting, refreshments, and food samples.

Celebration at the Rec Center following the parade, from 11 a.m. to 2 p.m. with hot dogs, gym games, open pools, stilt walker, bounce house, face painting, and Kona ice truck.

44th Sanibel Road Rally presented by local non-profit Friends of Randy. Begins at noon at The Timbers parking lot. This in-vehicle scavenger hunt requires registration, takes under two hours, and ends with a party and prizes at the restaurant. Proceeds this year to benefit F.I.S.H.

Out With The Old

Some commented on my news last week about By-the-Sea. Yes, the demolition of the condo buildings there is underway. Sometimes that is what is necessary for restorations/rebuilding to occur. The east-most building was down by my Wednesday drive-by, and by last night the center building also was partially down. One more to go.

You also may have heard about the recent demolition of the BIG ARTS formerly-Strauss Theater at 2200 Periwinkle Way. I remember when it was built and enjoyed many performances there, before it suspended its professional-theater program in 2018. Other old timers also probably remember such theater names as Pirate Playhouse, Periwinkle Theater, and The Old Schoolhouse Theater. BIG ARTS acquired the former Strauss in 2010 and the community looks forward to what will appear next in that location.

What’s In Store for Realtors®

In the wake of the recent landmark National Association of Realtors® (NAR) settlement and that offers of compensation to buyers’ agents soon will be excluded from the MLS (Multiple Listing Service), real estate professionals face the challenge of navigating a new normal. What will that look like?

Starting August 17, a buyer’s agent is required to have a buyer representation agreement signed by the buyer. That agreement will detail how that agent will be compensated. While the seller may continue to pay the commission, it will now require negotiation between the buyer/buyer’s agent and the listing agent/seller.

Florida Realtors® has already issued some new forms with more coming out soon and many island Realtors® are looking forward to upcoming classes expanding on these forms. You can be sure The SanibelSusan Team will be ready to comply with the new requirements.

Eagles Will Always Soar

As a long-time fan of Steven David from Fort Lauderdale, I agree with his editorial below, from the July 2024 Florida Realtor® magazine. It was written for Realtors® and in typical Steven David fashion, tells it like it is”. I hope you also enjoy it.

“The recent NAR settlement will have a profound and positive impact on the best agents. After 50 years in the industry, and a senior GRI (Graduate Realtor Institute) instructor for over 36 years, I believe my observations on expectations and performance have empirical support.

“More than 70% of the agent population will likely fail in the new reality. They have neither the skills, intestinal fortitude nor market knowledge to justify direct compensation. More to the point, many simply don’t put forth the effort to learn, grow, and apply their skill set. Ours is not an easy path to success, yet many have made incredible careers.

“The 14 hours of mandatory Florida continuing education (CE) courses will keep your license current. It does not ensure a profitable career. Busting your rear end every day will. Not giving up, not accepting anything, but trying, growing and doing what the best do will bring success regardless of the new rules going into place mid-August.

“The business will no longer be a stop-over point in many less motivated people’s paths from mediocrity to mediocrity. If you chose a sales career, you knew you were entitled to nothing unless you earned it. Expectation without excellence is foolhardy.

“I believe you are one of the strong ones. As a Realtor® friend told me years ago: “Eagles will always soar; they’ll hunt their food; they never doubt the outcome. And they will never hang out with pigeons.”

Sanibel & Captiva Association of Realtors®

Guest speaker Matt DePaolis, SCCF Environmental Policy Director, updated attendees yesterday at the local Association of Realtors® June membership meeting. It was a well-attended event and his presentation was excellent, but it was disheartening during the Caravan meeting that followed to have no new sales announced. A few price reductions were reported. The Open House tour after the meeting had four Sanibel homes and a Sundial condo available for viewing.

Regarding Sundial, it also was announced that beginning near the end of July, the Resort will be offering day passes with access to their beach and big pool. Cost will include a food allowance at their on-site establishments. Regarding condo rentals, Sundial East units are already taking bookings beginning Aug 3, while some Sundial West units are expected to be ready by Nov.

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

94

1,045,846

163

119

2,616,082

137

29

748,686

249

Under contract

6

1,277,983

112

18

1,248,938

141

3

3,556,000

168

Sold 2024 to 6/28

44

818,989

123

109

1,434,910

98

11

1,497,818

155

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

32

1,539,843

187

19

7,166,842

236

2

13,750,000

232

Under contract

1

3,250,000

289

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 6/28

10

1,650,000

146

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Jun 21-28

Sanibel

CONDOS

2 new listings: Sanibel Arms West #F7 2/2 $1.049M, Sanibel Moorings #1112 2/2 $1.2M.

2 price changes: Captains Walk #C6 1/1 now $349K, Sandpiper Beach #502 2/2 now $865K.

No new sales.

2 closed sales: Sunset South #12C 2/2 $525K, Sanibel Siesta #405 2/2 $775K.

HOMES

3 new listings: 490/460 Old Trail 3/2.5 $650K, 628 Lake Murex Cir 3/2.5 $1.597M, 2287 Starfish Ln 4/4 $2,489,900.

1 back-on-market: 9003 Mockingbird Dr 5/4 $959K.

6 price changes: 1719 Serenity Ln 3/2 now $775K, 653 Oliva St 3/2 now $898.5K, 1846 Farm Tr 3/2 now $899K, 1813 Long Point Ln 4/2.5 now $925K, 9247 Dimmick Dr 3/2 now $999K, 519 Kinzie Island Ct 4/3.5 now $2.829M.

4 new sales: 2479 Blind Pass Ct 3/2 listed at $999.9K, 1011 S Yachtsman Dr 5/2.5 listed at $1.15M, 1402 Middle Gulf Dr 3/3 listed at $1.545M, 928 Pecten Ct 3/2.5 listed at $1.595M.

4 closed sales: 9428 Moonlight Dr 3/2 $795K, 931 S Yachtsman Dr 4/3.5 $948K, 4340 West Gulf Dr 5/3.5 $1.7M, 228 Violet Dr 3/2.5.5 $2.4M.

LOTS

No new listings or price changes

1 new sale: 4657 Rue Belle Mer listed at $3.3M.

1 closed sale: 2505 Lands End Pl $1.2M.

Captiva

CONDOS,

No new listings.

2 price changes: Beach Vilas #2521 2/2 now $945K, Lands End Village #1659 2/2 now $1.485M.

No new or closed sales.

HOMES & LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Enjoy your weekend & Independence Day holiday!

Susan Andrews, aka SanibelSusan

Come to Sunny Sanibel to Cool Off

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

 

 

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

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

Florida’s 2024-2025 Budget

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

·        $1.2B for water quality and environmental projects

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

·        $200M for My Safe Florida Home Program

·        $100M for Hometown Heroes Housing Program

·        $30M for My Safe Florida Condominium Pilot Program

·        $500K to prevent unlicensed real estate activity

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

Love Sanibel Businesses Back

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

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

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

Island Reopening & More

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

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

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

Sanibel & Captiva Association of Realtors®

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

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

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

93

1,058,597

160

122

2,625,730

137

32

816,903

247

Under contract

7

1,181,128

111

19

1,278,789

111

2

3,684,000

18

Sold 2024 to 6/21

42

827,036

127

105

1,433,926

97

10

1,527,600

170

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

32

1,544,218

180

19

7,166,842

229

2

13,750,000

225

Under contract

1

3,250,000

289

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 6/21

10

1,650,000

146

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Jun 14-21

Sanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings, price changes, or new sales.

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

Captiva

CONDOS,

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

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

No new sales.

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

HOMES & LOTS
Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Enjoy your weekend, Susan Andrews, aka SanibelSusan

After a Super Rainy Week, Sun Peeks Out

To say, “the rainy season has begun”, is an understatement. With off-&-on showers, sometimes heavy, both day and night all week, Florida has reported flooding in many areas. Luckily the sandy soil here usually makes standing water disappear quickly, even so, it looked like a moat around my home by Wednesday afternoon with the street remaining flooded this morning.

The rains are expected to return to what we call “summer normal” by tomorrow which typically means an occasional afternoon downpour that passes quickly, cools things down, and may set the stage for a beautiful sunset.

With many reports of flooding off-island, I was determined to see how the island fared, so with my driveway finally down a few inches this afternoon, I did a short drive-around. Probably should not have gone down West Gulf Dr where there is a significant amount of water over the roadway in-&-around East Rocks, but once you start, it is tough to stop.

I saw very few cars out-&-about, but plenty of contractor vehicles and workers. Since I had been stuck at home for a few days, it was great to see more post-Ian restoration. I only covered East End, Periwinkle to Tarpon Bay Rd to end of West Gulf Dr to home by way of the Gulf Drives. Here are some general things noticed:
  • ·        More standing water than I remember after past storms.
  • ·        More hurricane-damaged homes have come down, more yards being cleared, more properties getting new roofs, windows, and landscaping.
  • ·        Progress at the new Shalimar where buildings already are going up.
  • ·        New lighter exterior color scheme at Somerset where the new landscaping also looks great.
  • ·        New exterior painting also underway at Sand Pointe and Sundial East.
  • ·        Workers on roof at several buildings at Pointe Santo and Shell Island Beach Club,
  • ·        New clubhouse about done at Seagull Estates.
  • ·        Sun finally peeking out by the time drove by Gramma Dot’s & The Sanibel Marina.

Gramma Dot’s 06-14-2024 at 3 p.m.

Sanibel Workshop – City Council & Planning Commission

It was with interest that I attended this 4-hour workshop on Tuesday at BIG ARTS. Held at the suggestion of Sanibel City Manager, Dana Souza, the purpose was to discuss ways for City staff to expedite island recovery efforts, both commercial and residential, and bring to the attention of elected officials some of the hurdles brought to light by post-Ian, both from the storm and from new processes and personnel.

The workshop was a cooperative effort between Sanibel City Council members and Planning Commissioners on stage. Agenda and presentations were by City Manage Souza, City Attorney John Agnew, Planning Director Paula McMichael, and Deputy Planning Director Craig Chandler. Public comment was open to anyone in attendance.

Recorded videos of the meeting are on the City of Sanibel Facebook page. Some of the experiences described by home and business owners in trying to get permits were surprising. Many were complimentary, a few highlighted areas where attention or direction is needed. All-in-all, the event resulted in good suggestions for improvement. It was so productive, that another may be held before year-end.

One news tidbit also is that Director McMichaels announced that a new City Planner has been hired and recently began work. A new administrative employee also is coming on board soon, with a second new Planner starting in a few weeks.

It really is unbelievable the volume of work that these City Departments (Planning & Building) have and continue to process from this storm. Thanks to them and our elected officials for always looking for ways to improve!

Sanibel & Captiva Announcements Re: Flooding

Captiva Library – Closed yesterday at 12:30 p.m. due to impacts from the weather.

F.I.S.H. – Today, the food pantry is closed and their furniture distribution event canceled due to the weather.

Public Parking – The City of Sanibel posted midweek that the public parking lots at Blind Pass and Lighthouse Beach were temporarily closed due to flooding. No word yet on them reopening. Still closed this afternoon.

Looking for Things to Do on Rainy Days?

Vacationers and residents often look for activities for children during stormy days. Below are examples of some of the offerings that were/are available at the Sanibel Library this week. View full online calendar with times at www.sanlib.org/calendar.

Dinosaur Fun with children from babies to teens invited to participate in a prehistoric adventure and hear stories about dinosaurs, ride the Dinosaur Roller Coaster through Virtual Reality, create hands-on crafts, and more. (Tues morning)

Toni Bennett Trick Dog Performance with story time. (Tues afternoon)

Crafternoon with bookmark making. Craft supplies available and staff guide the program, ages four and up, including adults. (Wed afternoon)

Family Storytime for ages five and under and their caregiver. Kids will get to sing, read, question, and move around during Storytime with a literacy craft center after (Fri morning)

Family Film Friday with movie in the Teen Area. Snacks provided. (Fri afternoon)

Strength & Stretch session for ages 4-10 with Yoga instructor. The program combines energetic movements, playful stretches, and calming breathwork to feel strong, flexible, and focused. (Sat morning)

Crafterday hosted by professional artist and coloring book creator. Participants will create a shorebird drawing they can take home. (Sat)

SCCF Announcement Re: Sea Turtles

Wed, the Sanibel-Captiva Conservation Foundation posted: “SCCF has documented 371 loggerhead nests and 1 leatherback nest on Sanibel and Captiva since April 24. Heavy rains and flooding this week due to the wet season’s first tropical system don’t necessarily mean trouble for the nests – sea turtle eggs are permeable, so a little extra water shouldn’t be an issue and may have a beneficial cooling effect.

“The biggest threats to incubating eggs from storms include prolonged inundation or beach erosion and accretion, which can wash out nests or change nest conditions. Luckily, sea turtles lay multiple nests per season at different times so that even if one nest washes away, there’s a high likelihood that others produce hatchlings.

“It won’t be long before we see our first hatchlings! Help as protect nesting females and hatchlings by turning off beach-front lights after dark, filling in holes, flattening sandcastles, and removing beach furniture and trash.

“To report a suspected new nest or issues with nests/turtles, beach lighting, or beach furniture, please call the SCCF Sea Turtle Hotline at 978-728-3663.”

Ring the School Bell

Posted this week by the Sanibel Historical Museum and Village: “Children 12 and under are invited to test the remounted school bell at the Sanibel Historical Museum and Village. Now that the City of Sanibel has repaired the historic schoolhouse, the Sanibel Fire Department on Tues, June 18, at 9 a.m. will install the bell that was blown off the roof during Hurricane Ian. Once the bell is installed, one child, chosen at random, will get the chance to be the first to ring the bell. Later, after the official ceremonies, all children of all ages (even if over 65) will be allowed to ring the bell once. This is a classic example of how our community works together. The City repaired the building, Michael Gallloway, a volunteer, restored the bell, and now our Fire Department comes to the final rescue”, said Ty Symroski, President of the SHMV.

The Sanibel Historical Museum and Village is located at 950 Dunlop Road (next to BIG ARTS). It is open now through July 31, Tues to Sat 10 a.m. to 1 p.m. The Village will be closed August and September and re-open for season October 15.”

Tax Roll Values on Sanibel Drop Again Post-Ian

From www.SanibelCaptiva.com on June 11: “Initial property tax valuations for Sanibel have decreased over 2023 for the second consecutive year. The Lee County Property Appraiser’s Office released its preliminary estimated tax roll values last week, which indicate a 1.8% drop for the city of Sanibel, but a 9.65% increase for Captiva as part of unincorporated Lee County. Initial valuations for the fire districts also varied depending on island…

“”The value estimates provide a starting point to taxing authorities for their annual budget and property tax rate process,” Matt Caldwell (Lee County Property Appraiser) said. “The office will continue refining the values and will certify the official values.” The final numbers will come out before July 1, then be sent to Tallahassee for approval.”

Sanibel & Captiva Association of Realtors® Scoop

Because of the weather, most Professional Development Committee members attended the Association’s Wednesday meeting by Zoom. Now that the educational events, speakers and classes are scheduled for most of the year, the Committee won’t meet again until August. In the interim, members will continue to be notified about the forms being prepared by Florida Realtors® covering the new national requirements on buyer brokerage.

Yesterday, there was a Caravan Meeting at the Association office. Again, thanks to rain and lightning, attendance was light with Open Houses postponed until the monthly membership meeting in two weeks.

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

The SanibelSusan Team is thankful to have a new listing on Anchor Dr and appreciate that JMA Photography quickly filmed it last Sunday before the major rain events. Those photos, including drone shots, were used to prepare a streaming video that is now posted and syndicated to real estate sites worldwide. It is a wonderful home and now like-new thanks to a complete renovation last year. Easy to show and rescheduled for Realtor® Caravan on June 27, noon until 3 p.m.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

92

1,051,386

162

130

2,574,452

131

32

816,903

240

Under contract

7

1,195,414

137

15

1,358,266

103

4

1,922,000

75

Sold 2024 to 6/14

41

831,498

125

104

1,421,271

97

8

1,869,500

174

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

33

1,488,363

184

19

7,166,842

222

2

13,750,000

218

Under contract

2

2,087,500

189

1

2,850,000

57

0

N/A

N/A

Sold 2024 to 6/14

9

1,736,111

148

5

4,944,500

146

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Jun 7-14

Sanibel

CONDOS

1 new listing: Donax Village #2 2/2 $599K,

3 price changes: Beach Rd Villas #104 2/2 now $560K, Sanibel Arms West #I7 2/2 now $789K, Compass Point #191 3/2 now $1.795M.

1 new sale: Sandalfoot #5A2 2/2 listed at $929K.

No closed sales.

HOMES

4 new listings: 586 Boulder Dr 3/2 $625K 668 Anchor Dr 3/2 $1.545M (SanibelSusan listing), 1690 Sabal Palm Dr 5/3 $2.477M, 6111 Sanibel-Captiva Rd 6/5.5.5.5 $44.88M.

668 Anchor Dr

 
3 price changes: 9225 Belding Dr 3/2 now $650K, 2604 Coconut Dr 3/2 now $1.2M, 938 Pecten Ct 3/2.5 now $1.595M.

5 new sales: 9003 Mockingbird Dr 5/4 listed at $959K, 3343 Saint Kilda Rd 3/2 listed at $1.087M, 3708 Agate Ct 3/3.5 listed at $1.37M, 4573 Bowen Bayou Rd 3/2 listed at $1.384M, 902 Kings Crown Dr 5/4.4 listed at $1.695M.

4 closed sales: 3025 Poinciana Cir 3/2 $750K, 5827 Pine Tree Dr 3/2 $M, 1720 Dixie Beach Blvd 3/3 $1.467M, 1318 Seaspray Ln 5/3.5 $2.15M.

LOTS

No new listings

1 price change: 2486 Wulfert Rd now $349K.

No new or closed sales.

Captiva

CONDOS
1 new listing: Bayside Villas #4222 1/2 $575K.

No price changes, new sales, or closed sales.

HOMES

No new listings.

1 price change: 11521 Paige Ct 4/3.5 now $10M.

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.

Enjoy your weekend with best wishes for a Happy Fathers’ Day!
Susan Andrews, aka SanibelSusan