Florida Realtors® 2024 Annual Meetings & Convention

Today’s Friday report is coming to you from Orlando where Florida Realtors® 2024 Convention & Annual Meetings are wrapping up. I have been here since driving up Monday to be in time for orientation for Florida Faculty Audition Panels which began very early Tuesday. Next, I sat on one of ten panels that spent the entire day vetting instructors looking to be approved to teach state classes. Those classes are required for Realtor license renewals, continuing education, Graduate Realtor Institute (GRI) curriculum, plus some recently developed to cover new mandated national changes.

Prospective instructors complete a rigorous program just to get to the audition stage including specialized training, application approval, and phone interviews. Some are looking to join the faculty and approval for their first class, others are looking to add a class to those they already are approved to teach.

Panels are made up of a non-bias mix of brokers, agents, committee chairs/vice chairs, education directors, other faculty members, and Association Executives. My panel had seven members plus a Florida Faculty employee who acts as timekeeper and collects our evaluations. Each panelist provides a written evaluation on each applicant. They are rated numerically on presentation ability, platform skills, subject knowledge, podium presence, and understanding of adult learning theory.

Each audition is 45 minutes which results in a long but rewarding day, not only for the work performed but for the new friendships made. My panel rated nine presenters. Those determined ready for Faculty approval are recommended by motion to the Program Development Subcommittee which met this morning. Our subcommittee motion then moves forward to the Professional Development Committee which meets tomorrow.

The Convention/Trade Expo were Wednesday and Thursday with Erin and Ben Napier, stars of HGTV’s Home Town, at the General Session the first day. The Sanibel & Captiva Islands Association had good representation at the many classes offered during the multi-day event. At the Awards Luncheon yesterday, we had in 14 attendance, and I corralled them all for a picture with Florida Realtors 2024 President Gia Gavin.

Sanibel Captiva Realtors with 2024 FR President Gia Arvin

At the Awards Luncheon with our 2024 Prez Brendan Albright & President-Elect Becky Mulka

It is always special at these events to see so many colleagues that we don’t get to see otherwise throughout the year. I was especially thankful to also see some of them surprised with state awards: Susie Lewis from Hollandale Beach was recognized as 2024 Education Volunteer of the Year; Christel Silver from Delray Beach is 2024 Educator of the Year, while our 2023 FR President Mike McGraw is 2024 Realtor of the Year. Congratulations to all award winners!

Sanibel and Captiva also had excellent island representation at the Closing Session yesterday afternoon where Florida Realtors attorneys provided a legal update and our Chief Economist provided a market outlook. Our state leadership team works hard to ensure that we have the tools needed to perform our work correctly and the future continues to look good for our industry in the sunshine state.

This morning, I participated in the Program Development Subcommittee, followed by the Capital Club Luncheon which is for PAC investors. Tomorrow morning, after the Professional Development Committee Meeting, I drive back to home-sweet-home.

SanibelSusan Realty

Next Thursday is our local association August membership meeting with guest speaker, John Talmage, Director of Lee County Economic Development Office, with an Open House caravan of new listings following the meeting.

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.

There were no Captiva sales again this week, also no Sanibel condo or lot sales, but three Sanibel homes went under contract.

Sanibel & Captiva Islands Multiple Listing Service Activity August 16-23:

Sanibel

CONDOS

1 new listing: Captains Walk #F2 2/1.5 $439K.

1 price change: Mariner Pointe #733 2/2 now $579K.

No new sales.

1 closed sale: Sanibel Arms #C1 2/2 $365K.

HOMES

3 new listings: 1684 Bunting Ln 2/2 $995K, 431 Rabbit Rd 3/2.5 $1.05M, 1155 Seagrape Ln (multi-family) 4/2 $1.1M.

3 price changes: 586 Boulder Dr 3/2 now $599K, 235 Palm Lake Dr 3/2 now $949K, 673 East Rocks Dr 3/2 now $1.549M.

3 new sales: 1719 Serenity Ln 3/2 listed at $79K, 9126 Mockingbird Dr 3/2 listed at $829K, 994 Whelk Dr 3/2 listed at $1.495M.

1 closed sale: 836 Birdie View Pt 3/3.5 $1,837,500.

LOTS

Nothing to report,

Captiva

CONDOS

1 new listing: Beach Homes #4 3/3 $5.3M.

No price changes, new or closed sales.

HOMES

No new listings.

3 price changes: 1072 South Seas Plantation Rd 3/3.5 now $6.55M, 11550 Paige Ct 5/5.5.5 now $6.65M, 11521 Paige Ct 4/3.5 now $9.5M.

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

 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 & 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

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.

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

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 & 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

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

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 1^st, 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 & 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 sales: Sunset 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.

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

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 1^st. (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 24^th 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 & 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

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 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 50^th Anniversary

November 5, 2024, marks the 50^th 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 50^th 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).

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 & 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.

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.

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.

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.

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”!

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 31^st year of the Sanibel July 4^th 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 & 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.

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