It’s great to be back on sunny Sanibel Island. After complaining last week about Florida’s cold weather, it has been delightful to again experience daytime temps in the 70’s and traveling with sunroof open. My car registered the outside temperature at 80 degrees F during my travels this morning.

Forecasters say another cold front may arrive here over the weekend so there could be a few more days in the 60’s next week, but it too will pass, as spring is in just 53 days.

Traffic seems to have picked up this week, but not unlike a typical January in “high season”. There may be fewer visitors and vacationers here this year, but the number of contractors more than makes up for them. Many construction jobs start early, so traffic leaving the island in the afternoon starts getting heavy at 2 p.m., so it is important to plan your travels if you need to go off or come on the island.

Lighthouse Update

The Lighthouse replacement leg has been installed and beach re-nourishment is underway at Lighthouse Beach. With the re-nourishment project already complete in some areas, it is proving to be a great step forward in recovery. Though the Lighthouse parking areas have been closed this week, they will be open for the weekend (tomorrow and Sunday), before closing again Mon-Fri (Jan 29 thru Feb 2) so the renourishment project may continue.

Sanibel Recycling Center

The Recycling Center began their new hours this week. Now open Wednesdays and Saturdays from 8 a.m. to 2 p.m., it is for residential use only, ID’s are checked. All items must be put inside the dumpsters which are for household trash (in sealed bags), cardboard (broken down), recycling (no plastic bags). NOT allowed are bulk items like appliances, electronics, construction material; vegetative waste; or hazardous waste of any kind (paint, oil, car batteries, etc.).

Island Re-Openings

Periwinkle Place – There are noticeably more cars at Periwinkle Place as more businesses have reopened there, including the original Chico’s, Everything But Water, One Island Sanibel, Sanibel Flip Flops, and Tiki Jims. Sanibel Day Spa also is open by appointment. Blue Giraffe food truck also is open.

Tahitian Gardens – The businesses open there include Adventures in Paradise Outfitters, Sanibel Café, Sanibel Sole, Shiney Objects, and Wilford & Lee. Maybe Cheeburger Cheeburger will be next.

SanCap Resilience Community Event

The next SanCap Resilience community event in collaboration with the City will be Thurs Feb 1 from 6 to 8 p.m. at BIG ARTS. It also will be streamed live on the City’s Facebook page.

The event, “Emerging from Hurricane Ian Stronger and More Resilient – Part 4: Lessons Learned in Essential Services,” will explore key lessons learned, actions taken, and plans related to the resiliency of our power grid, water supply, and wastewater management. The program will feature a panel of experts including Tricia Dorn and Allan Ruth (LCEC), Diane Wilson (Island Water), and Scott Krawczuk (Sanibel Public Works).

Panelists will each provide a short presentation, followed by time for questions. The event is free with no registration required.

Florida Realtors® Mid-Winter Business Meetings Wrap-Up

Florida Realtors® leadership team wrapped up their winter meetings in Orlando last weekend. As a member of the Professional Development Committee, Saturday morning, we approved a whopping number of new instructors, classes, and training offerings that will help local associations keep their members up-to-date and motivated in educational advancement.

I sat with pals who also have been on this committee for years. One is the Education Director for the Miami Association which has over 55K members. That’s a far cry from the 195 Realtors members of the Sanibel & Captiva Islands Association, but we have common needs so it’s always great to share ideas and learn about others’ successes.

Before heading home, I also attended the Legal and Professional Standards Update provided by the Florida Realtors® legal team.

Sanibel & Captiva Islands Association of Realtors® News

Yesterday, our local Association of Realtors® had a meeting at The Community House. Info was provided by both CHR (Community Housing & Resources Executive Director Nicole Decker-McHale) and Planning Dept (Craig Chandler) on the status of Sanibel’s low-rent housing program, and future City plans.

No new sales were announced but 14 Sanibel homes were open for Caravan viewing after the meeting. That’s the highest number “open” during Caravan since before the storm.

Next week is our annual Installation and Awards event. It will be at The Dunes restaurant and a first visit there for many since before the storm.

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

On the commercial side, the Lazy Flamingo Plaza in Santiva was reduced to $8.5M.

The SanibelSusan Team is thankful to have one of the four closings on Sanibel this week. It is a first-floor condo selling before the “white box” work funded by the Association’s insurance is complete.

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 19-26

Sanibel

CONDOS

4 new listings: Sanibel Arms #C8 2/2 $534.5K, Oceans Reach #3D1 2/2 $839K, Sanctuary Golf Villages #1-2 3/3 $1.275M, Somerset #B101 3/3.5 $1.996M.

4 price changes: Captains Walk #B5 2/1 now $499K, Oceans Reach #4B4 1/1 now $689K, Sanibel Arms #F4 2/2 now $949,995; Gulfside Place #204 2/2 now $1.325M.

6 new sales: Sanibel Arms #D7 1/1 listed at $439K, Island Beach Club #220A 2/2 listed at $560K, Sundial #G206 1/1 listed at $599.9K, Sunset South #1A 2/2 listed at $659K, Ibis at The Sanctuary #B101 2/2 listed at $729K, West Shore #5 3/3 listed at $1.595M.

3 closed sales: Blind Pass #C106 2/2 $403K (SanibelSusan listing), Sundial #D203 1/1 $450K, Sanibel Moorings #612 2/2 $810K.

HOMES

9 new listings; 863 Rabbit Rd (1/2 duplex) 3/2 $678.5K, 9254 Kincaid Ct 2/2 $769.9K, 315 Periwinkle Way 3/2 $850K, 211 Southwinds Dr 3/3 $1.095M, 4279 Gulf Pines Dr 4/3 $1.249M, 5398 Umbrella Pool Rd 3/2.5 $1.495M, 4171 Dingman Dr 3/2.5 $1.499M, 1199 Par View Dr 3/4 $2.495M, 542 Kinzie Island Ct 3/4.5 $3.795M.

2 back on market: 455 Peachtree Rd 2/2 $795K, 812 Rabbit Rd 3/2 $799K.

10 price changes: 3312 Saint Kilda 3/2 now $777K, 1615 Bunting Ln 2/2 now $889K, 1578 Sand Castle Rd 3/2 now $895K, 421 Lake Murex Cir 3/2 now $1.175M, 220 Palm Lake Dr 3/2 now $1.199M, 1306 Par View Dr 3/3.5 now $1.449M, 969 Whelk Dr 3/2.5 now $1.549M, 815 Birdie View Pt 3/3.5 now $1.949M, Moon Shadows #1C 3/3 now $1.999M, 2255 Troon Ct 4/5.5.5 now $2.9M.

4 new sales: 5151 San-Cap Rd 2/2 listed at $399K, 744 Marthas Ln 3/2 listed at $759K, 1658 Sabal Palm Dr 3/2.5 listed at $1.095M, 957 Cabbage Palm Ct 3/3 listed at $1.295M.

1 closed sale: 549 East Rocks Dr 3/3.5 $1.6M.

LOTS

1 new listing: 2438 Wulfert Rd $449K.

1 price change: 4646 Rue Bayou now $995K.

3 new sales: 4640 Rue Belle Mer listed at $1.495M, 4717 Rue Belle Mer listed at $3,395M, 4171 West Gulf Dr listed at $3.895M.

No closed sales.

Captiva

CONDOS

2 new listings: Tennis Villas #3235 1/1 $595K, Beach Homes #25 3/2 $2,899,500.

1 price change: Beach Homes #24 3/2 now $3.25M.

No new sales.

1 closed sale: Marina Villas #804 2/2 $900K.

HOMES

No new listings or price changes.

1 new sale: 16321 Captiva Dr 5/4 listed at $3.495M.

1 closed sale: 16211 Captiva Dr 4/4.5 $4.85M.

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

Florida Realtors® Mid-Winter Business Meetings

Today it is a chilly but occasionally sunny day in Orlando where Florida Realtors® meetings are in full swing.

Yesterday a whopping nine Audition Panels met (a total of 49 panelists) to evaluate nearly 90 prospective instructors looking to teach state-approved classes. That is the most ever processed in a single day. We began at 7:30 a.m., but finished by 5 p.m., in time to hustle to a 6 p.m. event.

I know I’ve mentioned it before, but since the pandemic, with so many buyers flocking to Florida, the Realtor® population likewise has exploded, often requiring more instructors throughout the state to teach classes for license renewals, designations, and advancement. The process to be approved to teach requires training, experience, interviews, and this final step – being recommended by a state Audition Panel. That approval is needed to teach each individual class, so subjects vary, with new instructors trying out as well as seasoned ones looking to expand their class schedules. Auditions are offered every Jan at these Mid-Winter Meetings and in Aug during the Annual Meeting/Convention.

My panel heard nine auditions. Each takes 45 minutes. Evaluations are based on communication and podium presence, presentation, subject knowledge, plus time and class management. A bonus benefit as a panelist is learning new things, as classes change with technology, state and national laws, etc. I enjoy doing it and always come away with new knowledge.

Pals from all corners of Florida have complained about the unusual extended cold-fronts and overcast days in their area. Yesterday a Realtor auditioning said it was 23 degrees F when she left the Panhandle. Another, an Orlando gal, told me this morning that she doesn’t ever remember this many continual overcast days.

Though I’ve been in the hotel since Wed, today the outdoor temperature at sunup was a sunny 43 degrees F and hit 75 this afternoon while dreary and overcast. What a swing! The hotel pool was emptied as a precaution as even colder weather is expected over the weekend.

Last night, the Sanibel & Captiva Islands Association of Realtors was a 4-time winner at the annual RPAC Award Event. The same five awards are given based on association membership size, i.e. small, medium, large, and mega boards. Of course, Sanibel and Captiva Islands are a small board.

Sanibel & Captiva 2023 RPAC Committee Co-chairs Dave Arter & Brendan Albright.

We set some new state records, showing that even with a hurricane, island Realtors® are pro-RPAC. Included was a Triple Crown award from national!

This morning was the Program Development Subcommittee meeting where I am one of 25 members. Tonight is the state Inaugural banquet followed by final committee meetings tomorrow. My last meeting is tomorrow (Professional Development Committee) followed by the Legal and Professional Standards Update.

It’s great to be back at these meetings in person, renewing friendships and networking. We often share common problems and solutions. Changes in the expanding short-term rental market remains a hot topic.

Lighthouse Beach News

A Sanibel City notice was issued this morning advising that Lighthouse Beach parking lots will be temporarily closed Mon Jan 22 through Fri Jan 26 for beach re-nourishment work and lighthouse repairs. It said contractors will be replacing the temporary wooden support at the lighthouse with a permanent cast-iron replica of the original support column with repairs also to be made to the ladder and window stops.

Regarding the ongoing beach re-nourishment project, contractors are expected to complete work near the Tradewinds neighborhood ahead of schedule and moving operations from the west end to Lighthouse Beach on Tues Jan 23.

Though I haven’t been on the island for a couple of days, I have heard that traffic exiting the island has again been backed up with long delays. This is probably to be expected now that more owners are back, “season” is here, and so many contractors are working on restorations. I must say again though that the sand trucks traveling to and from the island for the re-nourishment project are doing an amazing job. I often follow them on Sanibel roads but also followed five all the way to LaBelle on Wed. They are well organized, keep moving and have never caused a delay in any of my travels. Great to hear they are also ahead of schedule. If you haven’t checked out the beaches where the gullies have been filled you will be happy to see them. Those beaches are bigger and better than ever.

Sanibel & Captiva Real Estate News

The local Association of Realtors® did not have a caravan this week, but have one planned for next Thurs Jan 25 which also is our monthly membership meeting.

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

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 12-19

Sanibel

CONDOS

6 new listings: Beach Rd Villas #104 2/2 $610K, Sanibel Arms #F2 1/1 $659K, Sanibel Moorings #1342 2/2 $929K, Mariner Pointe #321 3/2 $999K, LaPlaya #2A 3/2 $1.095M, Sanibel Moorings #121 2/2 $1.1M.

1 price change: Kings Crown #217 2/2 now $1.6M.

2 new sales: Sanibel Arms #E3 1/1 listed at $419.9K, Oceans Reach #2A2 2/2 listed at $850K.

No closed sales.

HOMES

12 new listings; 749 Martha’s Ln 3/2 $759K, 1719 Serenity Ln 3/2 $829K, 3343 Saint Kilda 3/2 $1.175M, 2441 Shop Rd 4/3.5 $1.249M, 1018 S Yachtsman Dr 3/3 $1.349M, 1112 Skiff Pl 3/2 $1.35M, 3822 Coquina Dr 4/3.5 $1.595M, 2239 Starfish 3/3 $1.75M, 479 Lagoon Dr 4/3 $2.3M, 2402 Wulfert Rd 4/4.5 $2.348M, 837 Sanddollar Dr 4/3.5 $3.15M, 2960 Wulfert Rd 5/5.5 $3.975M.

2 back on market: 1105 Skiff Pl 3/2 $749K, 2058 Wild Lime Dr 3/2 $985K.

8 price changes: 9428 Moonlight Dr 3/2 now $879,999; 465 Lake Murex Cir 2/2.5 now $1.129M, 1011 S Yachtsman Dr 5/2.5 now $1.325M, 1428 Albatross Rd 3/2.5 now $1.799M, 836 Birdie View Pt 3/3.5 now $2.25M, 1318 Seaspray Ln 5/3.5 now $2.695M, 2287 Starfish Ln 4/4 now $2,799,999; 2255 Troon Ct 4/5.5.5 now $2.94M.

3 new sales: 2066 Wild Lime Dr 2/1 listed at $699.9K, 998 Greenwood Ct N 3/2.5 listed at $719K, 9393 Peaceful Dr 3/2 listed at $1.25M.

2 closed sales: 1835 Ardsley Way 2/2 $370K, 1603 Sand Castle Rd 3/3 $765K.

LOTS

No new listings.

2 price changes: 2761 West Gulf Dr now $1.795M, 4171 West Gulf Dr now $3.895M.

No new or closed sales.

Captiva

CONDOS

2 new listings: Gulf Beach Villas #2126 2/2 $1.395M, Captiva Beach Villas #1-B 3/2.5 $3.295M.

No price changes, new. or closed sales.

HOMES

No new listings.

2 price changes: 57 Sandpiper Ct 3/2 now $1.595M, 16321 Captiva Dr 5/4 now $3.495M.

No new or closed sales.

LOTS

No new listings.

1 price change: 15819 Captiva Dr now $15.5M.

No new or closed sales.

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 cloudy Friday, following another week of not-so-wonderful island weather. Days like this remind me of why I moved here. Doesn’t everyone want to go to a warm sunny beach to get away from winter?

Though our SW FL weather has been nothing like what northern areas have and are experiencing, Tues Florida had a front pass through with occasional high winds and heavy rain. Mid-afternoon, the City issued tornedo warmings. The front didn’t pass here until after sunset and was fizzling out by then. A few low-lying areas had some overnight flooding, with the Blind Pass beach parking area closed most of the next day until water receded.

Since then, cooler than usual weather has continued with mostly cloudy days – daytime temps in the 60’s to low 70’s, nights cooler. Local vegetation still rebounding, even with no attention, my hibiscus plants look happy (photo below taken this afternoon).

Forecast says it might even get into the 40’s by the middle of next week before I head to Orlando for Florida Realtors Mid-Winter Business Meetings. It’s always fun there, seeing colleagues from around the state wearing varying wardrobes depending on their home location, and that weather. Many are in fancy business suits or coats with boots and closed-toed shoes, I also dress professionally, but island-style and always with my flip flops.

Resort & Second Homes Think Tank Meeting

The first Florida Realtors Mid-Winter Business Meetings were remote. Those Think Tanks were last Thurs and Fri by Zoom. This year,122 Realtors® were appointed to the Resort & Second Homes Think Tank. Our meeting covered emerging technology in the short-term rental business, a legislative update, and discussion of local ordinances and issues.

With the Florida Legislature just back in session, there are several vacation rental bills that we are following and will report on in the upcoming weeks.

Below are a few meeting snippets.

• Tourism contributes over $101 billion to Florida’s economy, supporting about two million jobs.
• The average VRBO traveler is a 50-year-old woman traveling with a family of four.
• Earlier this year, Airbnb officially banned parties, with restrictions for those 25 and younger.
• Airbnb & VRBO both allow owners to establish rules re: booking.
• Consider tools that serve as guest screening and insurance like Superhog, Autohost or Proper.
• Noise monitoring devices like Minut which can be installed both outside and inside, also can detect occupancy, motion, temperature, mold, alarms. (They are small, about the size of a smoke alarm.)
• Rentals should have a guide book. (Can provide digital ones through Hostfully and Touchstay.) Guides should include quiet hours, maximum # of guests, trash rules, parking guidelines, security deposit outline, recycling, local attractions & businesses, events, etc.
• Breezeaway offers good safety info.

Island Re-Openings

Resorts – Sanibel Moorings ribbon-cutting Tues was well attended, followed by coverage on Fox4,com which says; “The Moorings Resort, a condominium-style resort, is the first of its kind to resume operations on Sanibel Island. Kari Cordisco, the General Manager of the resort, shared her views on the reopening. “It’s an amazing feeling,” Cordisco remarked, underlining the efforts taken to reach this stage. The resort, which combines individual ownership with hotel-like amenities, has been able to make 62 of its 122 rooms available for booking. The path to the reopening involved significant financial investment, as Cordisco noted, “The recovery and the rebuild, we’re looking at more than $20 million.”

“Just down the road, Sundial, the island’s largest resort, is also progressing toward reopening. They’ve begun accepting reservations for the month of August. General Manager Becky Miller highlighted all the upgrades this time around. “It’s going to be everything new, gorgeous, with new swimming pools, and all nw amenities,” Miller said. The resort plans to reopen part of its facilities within four months, including five restaurants, tennis, pickleball courts, and a fitness center. The restaurants will be open to the public. Despite these positive developments, the overall recovery of Sanibel Island’s hospitality industry is ongoing. According to the Sanibel Chamber of Commerce, currently, only about 13% of the island’s rooms are available for guests. The expectation is that this number will double throughout the year and eventually reach 75% by 2026.”

Sunshine Island Inn – at 642 East Gulf Dr announced their reopening Wed with the arrival of their first guests. Their website www.SunshineIslandInn.com has more details with photos of their units.

The owner also advises they also have received their permit to restore Kona Kai at 1539 Periwinkle Way. That’s next.

Chico’s – had their reopening yesterday at their original location in Periwinkle Place. Many remember when Chico’s began there in 1983, founded by islanders, the Gralnicks. Even before moving here, I always looked forward to shopping there and later enjoyed watching them expand nationally, then internationally. Last week it announced it sold to Sycamore Partners for about a billion dollars! The sale included their sister companies White House Black Market, and Soma. Sycamore Partners is a private equity firm that also owns retailers Loft Ann Taylor, Talbots, Belk, Hot Topic, and Lane Bryant.

Events for Newbies

Island newcomers are encouraged to join one of the conservation foundation’s (SCCF’s) two day-long workshops introducing new residents, business owners, and employees to coastal ecosystems. To be held 8 a.m. to 5 p.m. on Mon, Jan 22, and Mon, Mar 4. Only 28 spots are available for each day. (Reservations on www.EventBrite.com. These field trips will go to:

• SCCF’s Bailey Homestead Preserve and Native Landscapes and Garden Center to learn about early settlers to the island and basic ecology.
• SCCF’s Marine Laboratory and other properties to hear from SCCF researchers about wildlife, habitat, and water quality.
• Captiva Cruises for an informative boat ride exploring Pine Island Sound, its creatures, and some of SCCF’s mangrove restoration work.

Sanibel & Captiva Real Estate News

The local Association of Realtors® did not have a caravan this week, but Tues our Professional Development Committee met to organize educational offerings for the year. A full calendar will be announced at our Installation and Awards Gala on Jan 31.

For Realtors® planning ahead, the 12 class modules required to earn the Sanibel & Captiva Islands Specialist designation are being scheduled from May 30 to Jun 7; while the annual continuing education classes needed for license renewals will be offered Sept 9-

Below, with data from the islands MLS are summary tables of the residential sales statistics, followed by the island MLS action this week. Inventory is growing with new listings continuing to outpace sales.

The upcoming Monday holiday usually signals the start of the “busy season” which typically goes until Easter. As restoration continues and more properties become ready for occupancy, we hope to see more sales.

While teammates Dave and Lisa handle things on the home-front, my update next Friday will be from Orlando between subcommittee meetings and the state Inaugural Banquet. I then drive back home Sat after the Professional Development Committees meets and the Legal and Professional Standards update concludes.

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 5-12 

Sanibel

CONDOS

2 new listings: Sanibel Siesta #402 2/2 $789.9K, Beachcomber #B302 2/2 $1.495M.

1 price change: Sanibel Arms #E3 1/1 now $419.9K

4 new sales: Sanibel Siesta #501 2/2 listed at $689K, Sanibel Moorings #612 2/2 listed at $779K, Heron at The Sanctuary #1-3B 2/2.5 listed at $1.275M, Somerset #B102 3/3.5 listed at $1.995M.

1 closed sales: Loggerhead Cay #174 2/2 $865K.

HOMES

11 new listings; 2166 Egret Cir 3/2 $799K, 36092 San-Cap Rd 2/2 $1.049M, 799 Casa Ybel Rd (duplex) 5/3 $1.1M, 1726 Sanderling Cir 3/2 $1.149M, 932 Whelk Dr 3/3 $1.15M, 957 Cabbage Palm Ct 3/3 $1.295M, 697 Spartina Ct 3/2.5 $1.299M, 3708 Agate Ct 3/3.5 $1.44M, 1720 Dixie Beach Blvd 3/3 $1.649M, 930 Strangler Fig Ln 5/3.5 $1.65M, 2667 Coconut Dr 3/3 $2.995M.

7 price changes: 1119 Schooner Pl 2/2 now $795K, 4263 Gulf Pines Dr 3/2 now $795K, 1806 Ibis Ln 3/2 now $825K, 9126 Mockingbird Dr 3/2 now $949,999, 3990 Coquina Dr 3/2 now $997K, 1426 Sand Castle Rd 3/2 now $1.25M, 595 Piedmont Rd 3/2 now $1.499M.

4 new sales: 1835 Ardsley Way 2/2 listed at $450K, 2991 Singing Wind Dr 3/2 listed at $525K, 812 Rabbit Rd 3/2 listed at $799K, 848 Birdie View Pt 4/3.5 listed at $2.495M.

2 closed sales: 1297 Par View Dr 3/2 $1M, 488 Lighthouse Way 4/4 $4.15M.

LOTS

No new listings.

3 price changes: 0 Bowmans Beach Rd now $179K, 6068 Dinkins Lake Rd now $599K, 4163 West Gulf Dr now $3.995M.

No new or closed sales.

Captiva

CONDOS

No new listings.

3 price changes: Tennis Villas #3126 1/1 now $425K, Bayside Villas #5108 1/2 now $590K, Bayside Villas #5232 1/2 now $595K.

2 new sales: Bayside Villas #4212 1/2 listed at $599K, Gulf Beach Villas #2118 2/2 listed at $999K.

No closed sales.

HOMES

1 new listing: 16770 Captiva Dr 5/4.5 $9.9M.

No price changes or new sales.

1 closed sale: 1101 Tallow Tree Ct 4/4 $3.275M.

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 & stay warm – wherever you are!

Susan Andrews, aka SanibelSusan

After having my heat on for another week, maybe I should stop reporting about the weather in these Friday updates. It really has not been super cold, but if you spend enough years here, anything under 70 degrees F feels chilly. This week, many locals bundled up, while many visitors donned beachwear. Above pix at the Lighthouse was taken Wed.

While above photo by teammate Dave was from his boat Tues on the inner side of Blind Pass where he observed a huge number of anhinga and white pelicans!

This morning, it was a sunny 61. The forecast for next week includes more of the same, high 60’s/low 70’s during the day, down into the 50’s some nights. Rain is expected tomorrow which usually is the effect in Florida when there is snow up north.

I saw a post this week by Wink Weatherman Matt Devitt. His message said: “How crazy is this? Just 100 miles was a difference in seven feet of rainfall this year between Naples (30.48”) and Fort Lauderdale (113.61”). A simple drive along Alligator Alley separated the #1 driest year on record and the #1 wettest year on record.”

When I told teammate Dave about this, he reminded me that there still is plenty of standing water on the island. Imagine what that would be like if this wasn’t the dry side of the state.

Sanibel Traffic Update

Causeway travel since just before Christmas has continued to be a breeze. The middle of the week there were noticeably more construction crews back to work. That results in a bit of a delay when those vehicles come on island in the morning and leave late afternoon. I easily traveled both off and back this morning. Saw the most workers close to the toll booths as their finish work continues. Plenty of big trucks are moving material so it still pays to plan ahead and watch carefully.

More Island Re-Openings/Events

Cars & Coffee Cruise-In – at Periwinkle Place Sunday Jan 7 from 9 to 11 a.m. near Pinocchio’s newly-paved parking lot area. No pre-registration. Coffee and donuts served. Bring your “classic wheels” or just stop to view them. Contact Scot Congress for more info, scot@scongress.com.

Sanibel Day Spa – Announced it reopened Tues Jan 2 in Periwinkle Place. Initially, they plan to be open Tuesdays and Fridays from 9 a.m. to 6 p.m.  More days/hours to come.

Sundial West – Announced that Sundial West (which is Bldgs A-K) will be closed for eight weeks from Jan 7 to Mar 4. Their new roofs are on, but there is major restoration work underway so only their contractors will be allowed on-site during that time. No showings then.

Florida Realtors Mid-Winter Business Meetings

Between the pandemic and hurricane, SanibelSusan missed participating in a couple of in-person Florida Realtors® Mid-Winter Business Meetings in Orlando. This year, just their Legislative Think Tank meetings are being held virtually. I am a panelist with the Resort & Second Home Specialist Breakout Group that meets on Zoom this afternoon. Emerging technology with short-term rentals is on the agenda.

The in-person state meetings begin Jan 18 at a new location, the Hyatt Regency Orlando. This year, I will serve again on the Audition Panel for Florida Realtors® instructors. Nine panel groups will meet during this all-day event, each evaluating 8-10 prospective teachers. The next day during subcommittee meetings, I am on the Program Development Subcommittee. Then Jan 20, the Professional Development Committee meets where recommendations are forwarded to the Board of Directors. These in-person efforts all foster Realtor education, including cooperation between statewide educational programs,  planning/coordinating the Graduate Realtor Institute (GRI) and similar programs, and assisting/supporting local board educational offerings. It is always great to network with colleagues from around the state.

Sanibel & Captiva Real Estate News

Yesterday was the islands’ Association of Realtors® first Caravan Meeting of the year. Held at The Community House, it was also our first midday meeting and well attended. Many new listings and a few sales were announced, followed by 12 Open Houses, all Sanibel homes. That is the most properties we have had on tour since the hurricane.

Several homes that were taken off the market for the summer/fall or when repairs were being done have been relisted. Others are getting price adjustments.

No surge in condo listings yet, mainly because most complexes have not yet reopened. That is pretty much their only common thread. It is amazing to continue to learn about the differences in complex restoration efforts, insurance proceeds, special assessments, 2024 maintenance fee changes, etc. Condo buyers are finding there is lot more to consider than just price, condition, and location.

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

Sanibel & Captiva Islands Multiple Listing Service Activity Dec 29-Jan 5

Sanibel

CONDOS

2 new listings: Spanish Cay #C6 2/2 $470K, Sanibel Moorings #612 2/2 $779K.

2 price changes: Sundial #C310 1/1 now $625K, Kings Crown #217 2/2 now $1.605M.

No new sales.

1 closed sale: Spanish Cay #C4 2/2 $470K.

 HOMES

10 new listings: 3025 Poinciana Cir 3/2 $899K, 440 East Gulf Dr 3/2 $1.15M, 1410 Albatross Rd 3/3 $1.249M, 1425 Causey Ct 4/3 $1.295M, 421 Lake Murex Cir 3/2 $1.299M, 1304 Par View Dr 3/3 $1.3M, 558 N. Yachtsman Dr 2/3 $1.999M, 1511 Angel Dr 4/3 $2.499M, 905 Snowberry Ln 4/3.5 $3.95M, 4461 Waters Edge Ln 3/3.5 $6.25M.

5 price changes: 998 Greenwood Ct N 3/2.5 now $719K, 9226 Kincaid Ct 3/2 now $995K, 2255 Troon Ct 4/5.5.5 now $2.95M, 5387 Shearwater Dr 4/4.5 now $2.995M, 4681 Rue Belle Mer 3/3.5 now $4.7M.

3 new sales: 1617 Sand Castle Rd (1/2 duplex) 3/3 listed at $665K, 766 Donax St (duplex) 4/2.5 listed at $699K, 1657 Venus Dr 2/2 listed at $1.74M.

1 closed sale: 4752 Rue Helene 2/2 $575K.

LOTS

1 new listing: 967 Fitzhugh St $299K.

3 price changes: 972 Fitzhugh St now $295K, 2933 Wulfert Rd now $475K, 355 Cowry Ct now $525K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Captiva Shores #6C 2/2 now $1.5M.

1 new sale: Marina Villas #804 2/2 listed at $975K.

No closed sales.

HOMES

No new listings.

1 price change: 15153 Captiva Dr 3/3 now $5.995M.

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

Happy almost-New Year greetings from chilly Sanibel. While Floridians often relish summer-like weather year-‘round, this week, the heat has been on non-stop with daytime temps mainly in the 60’s/night’s 50’s. More of the same is expected next week. We really are spoiled being so used to warm sun-shiny blue-sky days. It was like that this afternoon (minus the warmth). Below are a couple of photos taken this afternoon at the beach access at the end of Dixie Beach Blvd at the spot my family calls Savannah Park. (Teammates Dave & Lisa used to walk their dog there.)

It rained Christmas Day and again yesterday. We aren’t used to that this time of the year, but it keeps tropical vegetation lush and critters watered. Continued excellent shelling has also been reported. (Still no junonia for me.)

Traffic Update

After complaints before the holiday about traffic and delays crossing the causeway, it has been a welcome reprieve since last Friday to have it clear sailing both directions going both off- and on-island. It may be busier next week when more dayworkers are back, but in the meantime, it has been wonderful to have easy traveling and to see how much causeway road work was accomplished.

Teammate Dave remarked this morning when he zipped on-island, that usually the week between Christmas and New Years is when traffic is heaviest. This year, it got his vote for being the easiest travel week!

The daily caravans of trucks bringing sand to Sanibel’s beach renourishment project had some worried that these extra vehicles would complicate traffic, but they don’t seem to be causing trouble. They have a well-organized system with staggered arrival times. They line up/staging on Island Inn Rd and then easily travel to Donax St or the west end when it is time to deliver their loads. I have followed many of them. Sometimes those are the only vehicles I have seen on the Gulf Dr roadways.

During island travels all week, I saw little evidence of day workers except the usual landscapers and pool service providers at a few homes. Maybe most are enjoying well-deserved time off like the causeway workers.

There definitely are more folks here for the holidays though as there have been more bikers and joggers than I have seen since I moved back home. Many are young families visiting parents and grands, hopefully creating wonderful holiday memories!

More Openings/Re-Openings

Just a reminder with the sign from the “J.N. Ding Darling National Wildlife Refuge”.

Folks looking to rent, vacation, dine, and shop are getting more opportunities as additional properties and businesses open.

The Chamber of Commerce continues to be a good source of info, but here are a few I recently heard about through the grapevine:

Condos & Homes – Loggerhead Cay welcomed back some owners this week. Lights are on there at night. At Sanibel Moorings, their fencing is down and their website says a few select suites are now available for rent. Most of the island rental companies are also adding more to their inventories. Good to check them often if you are looking to book.

Sundial Beach Resort & Spa – will begin taking reservations on Mon Jan 8 for stays beginning Aug 3. Their pickleball and tennis courts are already open from 8 a.m. to 5 p.m. with day passes and memberships available. Their restaurants have not yet reopened, but their website says they are accepting wedding, event, and group bookings for 2024. More info at www.SundialResort.com.

Tahitian Gardens – More businesses are now open here including Adventures in Paradise, Sanibel Café (breakfast/lunch), Shiny Objects, Wilford & Lee.

Looking Forward to 2024

As islanders and others continue to rebound from recent storms, this week got me thinking as I prepared some year-end documents. What should I expect in 2024? How will the time that is usually high season (mid-Jan until Easter) be, compared to past years?

I think colleagues agree that the real estate business this winter likely will be off, though not as much as last year when we really were in the throes of recovery. As more accommodations become available, condominiums are repaired, and more visitors/prospective buyers can come, more sales will occur.

Interestingly, much of that recovery has to do with a mindset. After Hurricane Ian, I saw owners and visitors divide into two categories, often by personal choice. They became either survivors or victims. The victims said they wouldn’t or couldn’t come back, while the survivors who also often lost it all made plans to return. Many still have a long way to go, but they continue to fight their way back, often and usually helping each other.

Really the best part of Sanibel is its people, they are survivors. They love island life which basically is a collection of caring laid-back individuals from all over the country/world, with varied backgrounds and wherewithal, yet all living in harmony with each other and nature. It really is the best!

So, my 2024 prediction is that those thinking of purchasing or moving to paradise should do it sooner rather than later, because as the island rebounds, prices also will rise. These are not going to be the same islands that they were pre-Ian. If you liked them before, I bet you love the future more. Survivors, like the causeway, will be stronger, more resilient, and the neighborly mantra will be “more kindness”.

Sanibel & Captiva Real Estate News

The local island Association of Realtors® did not meet this week but quite a few new listings, price reductions, new sales, and closings were posted in the MLS (Multiple Listing Service).

Teammate Dave put a condo under contract Christmas Eve, while another unit we have listed that was scheduled to close today has been delayed due to new post-storm complications. Patience is a virtue, flexibility is a must, and problems can be resolved. Thank goodness finding solutions is a team strength.

Members look forward to our next Realtor® Caravan Meeting on Thurs, Jan 4 This will be the first midday one followed by afternoon Open Houses.

Plans also are in the works for our Association Installation and Awards Gala which will be Jan 31 at The Dunes which recently reopened.

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

Sanibel & Captiva Islands Multiple Listing Service Activity Dec 22-29

Sanibel

CONDOS

4 new listings: Oceans Reach #2A2 2/2 $850K, Heron at The Sanctuary I-3B 2/2.5 $1.275M, Pointe Santo #E7 3/2 $1.394M, Somerset #B102 3/3.5 $1.995M.

No price changes.

3 new sales: Sanibel Arms #C3 1/1 listed at $299,999 (SanibelSusan Team sale), Sundial #D203 1/1 listed at $579.9K, Pointe Santo #A27 3/2 listed at $1.795M.

3 closed sales: Spanish Cay #C4 2/2 $470K, Sundial #K405 2/2 $1.305M, Sundial #R406 2/2 $1.675M.

HOMES

6 new listings: 248 Christofer Ct 2/2.5 $1.124M, 3314 Saint Kilda Rd 3/2 $1.3M, 1396 Sand Castle Rd 3/2 $1.55M, 2178 Starfish Ln 3/4.5 $2M, 707 Anchor Dr 3/2.5 $2.99M, 2480 Angel Dr 3/3.5 $3.695M.

1 back on market: 766 Donax St (duplex) 4/2.5 $699K.

3 price changes: 9393 Peaceful Dr 3/2 now $1.25M, 4760 Rue Helene 3/2 now $1.365M, 1202 Sand Castle Rd 4/2.5 now $1.595M.

2 new sales: 915 Limpet Dr 5/3 listed at $2.039M, 1042 Blue Heron Dr 3/3.5 listed at $2.495M.

No closed sales.

LOTS

1 new listing: 4801 Tradewinds Dr $1.875M.

No price changes, new, or closed sales.

Captiva

CONDOS

3 new listings: Bayside Villas #4212 1/2 $599K, Beach Villas #2224 2/2 $1.05M, Beach Villas #2433 2/2 $1.175M.

1 price change: Beach Villas #2521 2/2 now $1.025M.

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.

Happy New Year,

Susan Andrews, aka SanibelSusan

Florida winter weather continued this week with some overcast days and temps down into the 70’s most days, 60’s at night. That is expected to change tomorrow when there is 100% chance of rain as a front arrives that may result in some chillier days next week. Maybe we’ll get to keep wearing sweaters for Christmas!

The below photo was taken this afternoon at Lighthouse Beach where teammate Dave and his kiteboarder buddies were enjoying the wind and didn’t seem to care that the water temperature is in the 60’s. It reminded me of the second photo from 2015 when Santa was spotted kiting off the causeway.

In my island drive-arounds this week, it was great to see roofers at Captains Walk where there also is a new roadside sign. A new sign too is up at Sundial with new landscaping going in along the resort entrance.

Many businesses continue their restorations, while others are planning early 2024 re-openings.

Gramma Dot’s at The Sanibel Marina reopened Wed. Serving lunch beginning at 11:30 a.m., they also are open for dinner from 4 to 8 p.m. (seven days a week).

Causeway Update

This morning, the City of Sanibel posted the following update from the Florida Department of Transportation regarding the completion of the roadwork on the causeway:

“Crews are working toward substantial roadway completion by the end of this month. Once vehicles are shifted to the permanent roadway, the contractor anticipates fewer impacts to the traveling public. Travel in January is expected to have less delay and more predictable travel times when crossing the causeway. We appreciate your patience to date and ask for just a short time longer as the contractor makes a final push to reach this end of year goal. This date could fluctuate based on the approaching weather system.

“Over the next week, the contractor will be working day and night to place final asphalt, install railing, and complete concrete work for the permanent roadway. Motorists should be prepared for delays and heavy traffic as crews prepare to shift traffic to the permanent roadway….”

Sanibel Beach Renourishment Project Beginning

Yesterday, the City posted the following notice: Contractors are mobilizing equipment and preparing for the first truckloads of sand to begin arriving on Monday morning, Dec 18. Gulfside City Park beach parking lot will be closed temporarily beginning Monday for approximately one week.

“Hurricane Ian’s landfall on Sanibel flattened the island’s beach and dune areas. As the storm surge from Ian receded, significant erosion occurred resulting in the creation of channeled gullies along Sanibel’s coastline. This project will place approximately 400,000 tons of sand to restore the beach berm (dune) and fill gullies created by the receding storm surge….”

The below map shows the projected timeframe for each area of the beach project. The City will provide updated info at www.mySanibel.com and through news releases.

Below are the project FAQs posted with the City notice:

• What is the timeline for this project to be completed? Anticipated to be completed in early 2024.
• How much sand will be brought to the beaches of Sanibel? Approximately 400,000 tons of sand will be brought in to renourish the beaches.
• How many trucks each day will be hauling sand and how many loads a day will be brought to the island? Between 120 and 160 trucks will be hauling two to three loads of sand to the island each day.
• What times/days of the week will the work be carried out? Work will be carried out between the hours of 6 a.m. and 6 p.m. on Monday through Friday, with some work being completed on Saturdays as needed.
• Will there be any impact on traffic? Motorists may notice a larger concentration of trucks early in the day as they arrive on the island with their first loads of sand, but the trucks will be spread out along the routes as the day progresses.
• How many sections of the beach are being worked on, and is the project being completed in phases? There are 5 stretches of beach where sand will be hauled in. 1-2 stretches may be worked on simultaneously throughout the duration of the project. Once the section(s) are complete, the crews will move on to the next.
• Will any beaches be open during the duration of the project, and how will beachgoers be affected? The sections of the beach being worked on will be temporarily closed while the other areas of the beach will remain open. There will be plenty of places for residents and visitors to enjoy Sanibel’s beaches during the project.
• Where is the sand coming from: The sand will be hauled from Vulcan Materials Company in Moore Haven, FL to Sanibel.

This afternoon, the City posted their first project update: “Contractors are mobilizing equipment and preparing for the first truckloads of sand to begin arriving on the island Monday morning, Dec 18 beginning around 6 a.m.

“Beginning Monday, crews will be working from the Donax Rd Beach Access west to Gulfside City Park (Reach 4) and from Tradewinds Dr Access west to Bowman’s Beach (Reach 1). Gulfside City Park beach parking lot will be closed temporarily for approximately one week beginning Mon, Dec 18. The Donax Rd Beach Access is also closed until further notice.”

Mystery Movie

The island rumor mill was rampant midweek when a film crew was on the islands preparing for what some said would become a Hallmark movie (no confirmation on that). It may be about a single gal who fell in love with her contractor after the hurricane (that’s also gossip).

Several days/nights of filming were confirmed on Captiva including at RC Otters, followed by later shootings on Sanibel at both MudBugs and Doc Ford’s. We will be watching for more news.

Captiva Community Carol Sing

The Captiva Community Carol Sing is Sun Dec 17 at 6 p.m. at Chapel by the Sea. This is the 12^th year of this special, open to the public, free event. It addition to group sing-alongs, it will include performances by the Sanibel School Choir and a small ensemble from the BIG ARTS Community Chorus.

Sanibel & Captiva Real Estate News

Yesterday was the monthly general Membership Meeting of the islands Association of Realtors®. It kicked off a little late due to back-ups coming on the island but offered a great opportunity for members to mingle in their ugly Christmas sweaters and then listen to a presentation by Sanibel School Principal Jennifer Lusk.

Five sweater contest winners received gift cards, while breakfast was sponsored by David Arter with Private Client Insurance Services and Carol McCarley with Noak & Company (FIRPTA Specialists & CPA’s). Carol reminded attendees that both foreign buyers and sellers should contact her early in their transaction process so they are aware of the paperwork required, timeframes involved, and tax implications.

Principal Lusk’s Power Point provided a great summary of what the Sanibel School offers and covered the many school awards and test grades achieved by its students. Designated a “National Blue Ribbon School” many times by the U.S. Department of Education, the Sanibel School recently received its state rankings. It is the #5 Middle School in the state of Florida, and the #10 Elementary School. The individual grade rankings on various subjects (math, reading, etc.) showed that the Sanibel School percentiles doubled those of other students in Lee County at nearly every grade level. Pupils don’t need to live on the island to attend the Sanibel School. With 252 students ranging from pre-school to eighth grade and with a student to teacher ratio of 14:1, the learning experiences here are exceptional. The school is looking to increase enrollment, details on their website.

After the general membership meeting, a Realtor Open House Caravan followed. Just one new sale was announced. Eight island homes were then open until noon for viewing.

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

Sanibel & Captiva Islands Multiple Listing Service Activity Dec 8-15

Sanibel

CONDOS

2 new listings: Sandpiper Beach #103 2/2 $835K, Pelicans Roost #304 2/2 $1.498M.

1 back on market: Seashells #40 2/2 $475K.

2 price changes: Sanibel Arms #A7 1/1 now $379.9K, Lake Palms #3 2/2.5 now $589K.

No new or closed sales.

HOMES

6 new listings: 812 Rabbit Rd 3/2 $799K, 1578 Sand Castle Rd 3/2 $975K, 737 Vinca Way 3/2 $1.199M, 4573 Bowen Bayou Rd 3/2 $1.595M, 3357 St Kilda Rd 3/2.5 $1.625M, 1657 Venus Dr 2/2 $1.74M.

1 back on market: 2477 Wulfert Rd 3/4 $1.998M.

3 price changes: 4269 Gulf Pines Dr 2/2 now $728K, 235 Palm Lake Dr 3/2 nor $1.194M, 5810 Pine Tree Dr 4/3 now $2.8M.

7 new sales: 4752 Rue Helene 2/2 listed at $599K, 766 Donax St (duplex) 4/2.5 listed at $699K, 2058 Wild Lime Dr 3/2 listed at $985K, 1213 Sand Castle Rd 4/2.5 listed at $1.349M, 549 East Rocks Dr 3/3.5 listed at $1.649M, 2871 Wulfert Rd 4/4 listed at $2.59M, 3421 West Gulf Dr 5/4.5.5 listed at $7.8M.

3 closed sales: 771 Rabbit Rd (1/2 duplex) 2/2 $600K, 2134 Egret Cir 3/2 $720K, 1143 Sand Castle Rd 3/2.5 $775K.

LOTS

4 new listings: 2027 Sunrise Cir $540K, 1709 Sand Pebble Way $575K, 1707 Sand Pebble Way $575K, 1433 Jamaica Dr $600K.

No price changes.

1 new sale: 395 Bella Vista Way E listed at $1.5M.

No closed sales.

Captiva

CONDOS

2 new listings: Bayside Villas #4116 1/2 $675K, Captiva Shores #6C 2/2 $1.575M.

1 back on market: Bayside Villas #5232 1/2 $645K.

1 price change: Captiva Shores #3B 3/2.5 now $1.5M.

No new or closed sales.

HOMES

1 new listing: 16485-488 Captiva Dr 20/11.5.5 $25.985M.

No price changes.

1 new sale: 16211 Captiva Dr 4/4.5 listed at $4.75M.

No closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend, Susan Andrews, aka SanibelSusan

As the holiday season unfolds, the islands had more chilly weather this week. That is expected to continue with daytime highs in the 70’s, nights in the 60’s. With the forecast calling for a 50% chance of rain Sunday, our coldest morning yet could be early next week.

Even so, SW Florida usually is the warmest spot in the nation. You can bet we are thankful for that!

Holiday Events

Sanibel Luminaries – Today, Fri Dec 8:

• 4 to 8 p.m. at Adventures in Paradise Outfitters in Tahitian Gardens with complimentary drinks & hors d’oeuvres.
• 5 to 8 p.m. at Jerry’s Foods with Christmas caroling, ornament decorating, food samples, wine tastings, & Boy Scouts serving hot dogs & sodas for donations.
• Starting at 5 p.m. at Whitney’s Bait & Tackle with holiday shopping & cheer.
• 6 to 9 p.m. at Sanibel Community Church with Christmas light stroll, pony rides, petting zoo, snow pit, arts & crafts stations, food & fire pits to make s’mores.
• 6 to 9 p.m. at Tuttle’s Seahorse Shell Shop at East-end with live music & holiday shopping.

Captiva Community Carol Sing – Sun Dec 17 at 6 p.m. at Chapel by the Sea. This is the 12^th year of this special event. It did not occur last year following the hurricane. Again, this year, SanibelSusan will be part of the ensemble singing. There will also be performances by the Sanibel School Choir.

Protect Captiva

Wed, after dozens of speakers testified, the Lee County Board of Commissioners voted 4-1 to approve changes to the county comprehensive plan removing longstanding building-height limits on Captiva. The vote to approve was despite near-unanimous opposition by both Captiva and Sanibel communities, citing increased density and intensity of development, strains on infrastructure and natural resources, and no real-need related to restoration.

The Protect Captiva coalition vows to continue its efforts to control heights and density at South Seas and on Captiva. They are pursing legal remedies to reverse these changes in the Lee Plan and county Land Development Code and to preserve their integrity and reasonable regulations. They also will continue to work with the Lee County Legislative Delegtion to file and seek passage of a bill creating the Captiva Islands Conservation Area which would codify the existing plan and code language in Florida statutes.

Sanibel & Captiva Real Estate News

Tues morning, the local Association of Realtors® Professional Development Committee met where dates were proposed for the 2024 SCIS (Sanibel & Captiva Islands Specialist) designation classes and annual continuing education required for license renewals. The next step is to confirm instructors, followed by class announcements.

There was no island Association of Realtors® Caravan this week. The next ones scheduled are Thurs mornings Dec 14 and Jan 4.

At SanibelSusan Realty, teammate Dave and I continue to talk and meet with both buyers and sellers. Buyers often are surprised at the high prices of single-family homes, while condo owners thinking of selling are recognizing those sales can be challenging unless complexes are ready for occupancy. We are also thankful for another closing this week.

Between restoration/construction delays and limited accommodation availability, it likely will be a quieter than usual “high season” on the islands this year. Ian caused massive destruction, so the “how do you eat an elephant?” saying applies. “You do it one bite at a time.” We are energized every day when we see more progress – which has accelerated.

Florida Realtors® 2023 Broker Summit

Mon and Tues afternoons, SanibelSusan attended the 5^th annual Florida Realtors® Broker Summit. Moderated by Naples broker, Mike Hughes, first-day sessions covered national issues.

Dr Lawrence Yun, NAR’s Chief Economist described that although 2023 has been exceptional with record-high prices, nationally there has been an 18% decline in the sale of existing homes. That segment of the market is on track to have its worst year since 2008 or 1993. New home sales, on the other hand, are up 4.5% year-to-date, on track for the best year since 2008 (the foreclosure year). Nationally, inventory is low on existing homes, while inventory of new homes is high.

Dr Yun thinks the 20-yr high interest rates have probably topped out, with 10-year treasury-yield drops signaling the Feds to pivot. He said monthly job gains are softening and higher unemployment (highest in nearly two years) is dampening wage growth which is at its lowest in 2.5 years.

Looking at home appreciation since COVID, Florida tops the nation (Maine is #2). He also suggests that the 30-year fixed rate will be 6-7% by early spring.

What will the future bring? Dr Yun described that there are pent-up sellers who don’t want to wait any longer. He also offered some interesting statistics (SanibelSusan loves those) about what the next two years will bring. These events affect real estate sales:

• 50 million job changes
• 7 million babies born
• 7 million turning 65
• 4 million deaths
• 4 million net new jobs
• 3 million marriages
• 5 million divorces.

He predicts that home sales will bottom out this year before an upturn next year. Next year, he sees sale of new homes up 19%, sale of existing homes up 13%.

What are the risks for the real estate business in the new year? He listed four: a Government shutdown, the lawsuit on Buyer representation, community banks (affected by high interest rates), and the reduction in international buyers.

The Tues sessions were state-specific with Dr. Brad O’Connor, Florida Realtors® Chief Economist, touting the real estate advantages here: Domestic in-migration is slowing but still high. Florida is an ideal location for untethered remote workers. Retirees with existing home equity are not as fazed by high interest rates, while housing remains affordable and more spacious here relative to the Northeast and West Coast.

Also there has been solid job growth throughout the state. Since 2019, U.S. job growth has been 3.5%, while Florida jobs grew 9%. Looking at prices, the median Florida sales price is up 57% over the last four years, but prices are now stabilizing. In dollar volume of closed sales, $172B has sold in Florida year-to-date, compared to $194B last year and $200B in 2021.

Sanibel & Captiva Islands Multiple Listing Service

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

Sanibel & Captiva Islands Multiple Listing Service Activity Dec 1 – 8

Sanibel

CONDOS

2 new listings: Mariner Pointe #1083 2/2 $649.9K, Sundial #L404 2/2 $1.85M.

No price changes.

1 new sale: Loggerhead Cay #174 2/2 $899.9K.

No closed sales.

 HOMES

8 new listings: 1617 Sand Castle Rd 3/3 $665K, 588 Hideaway Ct 3/2 $1.095M, 979 Whelk Dr 3/3 $2.28M, Moonshadows #1C 3/3 $2.3M, 228 Violet Dr 3/2.5.5 $2.5M, 2871 Wulfert Rd 4/4 $2.59M, 3421 West Gulf Dr 5/4.5.5 $7.8M, 3767 West Gulf Dr 4/4.5 $10.495M.

1 back on market: 4752 Rue Helene 2/2 $599K.

5 price changes: 3898 West Gulf Dr 3/2 now $1.095M, 465 Lake Murex Cir 2/2.5 now $1.139M, 6003 Clam Bayou Ln 4/3 now $1.595M, 815 Birdie View Pt 3/3 now $1.999M, 848 Birdie View Pt 4/3.5 now $2.495M.

4 new sales: 4389 Gulf Pines Dr 3/3.5.5 listed at $1.75M, 848 Limpet Dr 3/2 listed at $1.85M, 759 Pyrula Ave 3/3 listed at $1.895M, 2477 Wulfert Rd 3/4 listed at $1.998M.

4 closed sales: 1388 Tahiti Dr 3/2 $1.1M, 924 Kings Crown Dr 4/3 $1.3M (SanibelSusan sale), 6063 San-Cap Rd 4/3 $1.34M, 2502 Wulfert Rd 4/4.5 $2.5M.

LOTS

2 new listings: 2348 Wulfert Rd $399K, 1874 Middle Gulf Dr $2.15M.

1 price change: 0 Bowman’s Beach Rd now $198K.

No new sales.

1 closed sale: 1030 White Ibis Dr $475K.

Captiva

CONDOS

No new listings

2 price changes: Marina Villas #603 2/2 now $975K, Marina Villas #804 2/2 now $975K.

No new sales.

2 closed sales: Bayside Villas #5226 1/2 $675K, Bayside Villas #5344 3/3 $1.625M.

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