First Fall Friday on Sunny Sanibel

There has been chatter this week that the run-off from recent rains has darkened the baywaters. Took this pix today at 11 a.m. overlooking San Carlos Bay. It’s a bit darker from the tannin run-offs, but there have been no releases from Lake O. The Army Corps of Engineers says there will be no releases into the Caloosahatchee River for now.

Good news today from sunny Sanibel Island. The flooding from Tropical Storm Sally has mostly disappeared. The rain that flooded the area the weekend of September 12 dropped more than 24”, culminating an already rainy week. It was a record according to a report this week by Sanibel’s Director of Community Services who categorized it as a 100-year event. Sanibel’s weirs, designed to deal with flooding, were opened that weekend when 12.1” of rain fell in one day on already soggy ground.

An added surprise from this week’s change in weather pattern was low humidity, breezy sunny days, and little rain – nice weather for the many shellers collecting the bounty that came in from the recent storms.

A few showers are expected off-and-on over the weekend, but next week, little-to-no-rain again is expected with more sunny days and low 80-degree temperatures forecast. Fall is arriving in the Sunshine State.

High tide at Sanibel Marina this morning.

Outside dining at Gramma Dot’s.

At SanibelSusan Realty Associates

It has been a quiet week at SanibelSusan Realty. About all I can say about the Zoom class, that I taught Tuesday at the Association of Realtors®, is that I am glad it is over. It sure is hard to teach to an empty room and keep attendees engaged. With renewed respect for teachers and instructors dealing with today’s challenges, I appreciate the Realtors® that attended my session.

Below are a couple of news items followed by the activity since last Friday in the Sanibel Captiva Multiple Listing Service.

Status of Sanibel’s Residential Market

Based on recent action (more than usual for September), it is a good time to compare island real estate sales last year to the unusual-ness of 2020.

The tables below show by month and property type, the number of closed sales and average sale prices. Naturally, a closing occurs several weeks and sometimes a month or so after a contract is written so look at these statistics being mindful that contracts written this month, probably will not close until October, November, maybe even December.

The first tables for Sanibel homes show how strong this year began, followed by a big slump in May. That reflects the few new sales in the preceding months (late February, March, & April) which typically are “high” season and have strong sales – not so this year.

Since June, the number of closed home sales each month has exceeded the same month in 2019. Year-to-date numbers are strong. Home prices overall are down a little but holding steady. Already, this year, more homes have sold and closed, than in all of last year.

Closed Sanibel Home Sales by Month (# Sales & Average Sold Price $)
January February March April May
2020 15 848,755 18 1,095,708 25 1,171,820 30 1,097,441 9 732,388
2019 9 1,057,222 11 1,504,590 18 947,923 31 848,458 40 1,010,454

 

Closed Sanibel Home Sales by Month (# Sales & Average Sold Price $)
June July August September to 24 Year-to-Date
2020 14 716,460 39 804,765 21 959,805 20 961,160 191 953,193
2019 14 797,692 25 871,282 9 819,222 10 978,170 167 957,429

Comparing these Sanibel homes sales to current inventory, it really is astounding that even with the pandemic, 191 have sold/closed. Compare that to there just being 82 homes available for sale now. Average asking price is $1,838,648.

Another 59 homes are under contract, average asking price of those is $985,760. That large number of sales compared to inventory, indicates a sellers’ market, particularly in the median price range.

Looking at the same statistics for Sanibel condos, the picture is not as bright. Condos are moving more slowly, yet still ahead of 2019 overall. Those moving best are higher-end units mostly in residential communities. Income-producing condos have not seen a bounce-back. Investors may be wary of future rental projections, but I bet that changes in the upcoming months.

Today, there are 106 Sanibel condos for sale, which is about a year’s worth of inventory. Average asking price is $790,741. There are 27 units under contract, with an average asking price of $850,525.

Closed Sanibel Condo Sales by Month (# Sales & Average Sold Price $)
January February March April May
2020 11 650,060 16 621,093 19 880,947 16 670,150 9 901,000
2019 6 626,875 9 622,944 16 586,312 16 744,203 20 792,350

 

Closed Sanibel Condo Sales by Month (# Sales & Average Sold Price $)
June July August September to 24 Year-to-Date
2020 6 622,666 14 598,642 10 792,622 13 724,769 114 720,375
2019 10 650,350 8 414,500 9 793,555 5 568,800 99 669,782

Year-to-date, nearly twice as many homes have sold as condos. Even more of a disparity between homes and condos was evident during the summer (June 20-September 20, 2020). During that time, 88 Sanibel homes sold and closed, compared to 22 Sanibel condos. That trend continued this week too. Lower-priced Sanibel homes are selling like hotcakes, condos not so much.

Great Places Where Beginning Birders Can Get Their Wings

A special to USA Today this week posted an article that began with “While most of us have stuck close to home this year, bird watching has taken flight. The outdoor activity, which naturally encourages social distancing, has soared in popularity… wildlife refuges and parks make it easy to see a wide variety of flyers and shares some prime locations:”

First on the list is J.N. ‘Ding’ Darling National Wildlife Refuge.

But this week it did not require a ride through the refuge to see my favorite roseate spoonbill. Many were spotted sloshing along the bike path in a few areas where the water has yet to recede.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until September 29, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 49.

In other City Business, City Council will meet on September 29 at 5:01 p.m. for the final budget hearing for tax year 2020. That is when the debt service ad valorem millage rates for the tax year are adopted. That means the 2020 tax bills should come out on time, later next month.

COVID Personal Protective Equipment Kits

The City of Sanibel has received an allotment of COVID Personal Protective Equipment (PPE) from Lee County, and has partnered with FISH OF SANCAP, CHR, The Rotary Club of Sanibel-Captiva, and the Sanibel Community Association (SCA) to distribute these items on Wednesday September 30 and Thursday October 1st from 11 a.m. to 5:00 p.m. at The Community House, 2173 Periwinkle Way, with drive-thru contactless pick up. Kits are FREE to individuals and households that live or work on Sanibel. They include disposable masks, reusable cloth masks, and a bottle of sanitizer. (To help in the distribution, contact FISH at 239-472-4775.)

Openings & Fall Scoop

Sanibel Farmers Market – begins October 4 and runs through May 30, 2021 every Sunday (including Easter) from 8 a.m. to 1 p.m., on City Hall grounds. Parking available in lots at City Hall, Sanibel Library, BIG ARTS, & Schoolhouse Theater. Handicap parking & designated areas for bicycles at City Hall, but no pets allowed.

“B” Beach Parking Permit Sales to Resume – Following up on the suspension of the sale of “B” parking permits when beaches were closed, the City announced plans to start reselling all stickers at their normal schedule of November 1. The City offers five different parking permits. The resident “A” sticker is $12/year for taxpayers and property owners. Restricted “B” permits, for nonresidents, are $124.

Sanibel & Captiva Islands Multiple Listing Service Activity September 18-25, 2020

Sanibel

CONDOS

5 new listings: Sandpebble #2B 2/2 $480K, Mariner Pointe #1043 2/2 $490K, Sandpiper Beach #401 2/2 $789K, Sanibel Surfside #123 2/2 $935K, Sanibel Surfside #124 2/2 $1.05M.

2 price changes: Pointe Santo #A1 2/2 now $875K, Sanddollar #A101 2/2 now $1.15M.

6 new sales: Donax Village #10 1/2 listed at $358K, Sundial #I405 1/1 listed at $419K, Lighthouse Point #229 3/2 listed at $712K (our listing), Pointe Santo #D32 2/2 listed at $749K, Blue Gulf 201 3/2 listed at $1.199M, Sunward #201 3/2 listed at $1.259M

9 closed sales: Spanish Cay #A3 1/1 $280K, Casa Blanca #4 1/1 $337K, Seashells #36 2/2 $365K, Cottage Colony West #134 1/1 $575K, Sunset South #2D 2/2 $675K, Sanibel Surfside #126 2/2 $750K, Sanctuary Golf Villages I #5-4 3/3 $760K, Shell Island Beach Club #7C 2/2 $760K, Sanibel Moorings #522 3/2 $1.25M.

HOMES

1 new listing: 916 Almas Ct 3/3.5 $1.39M.

1 price change: 555 Rabbit Rd 3/2 now $599K.

17 new sales: 1403 Sandpiper Cir 3/2.5 half-duplex listed at $490K; 9455 Beverly Ln 2/2 listed at $524K; 1410 Sand Castle Rd 2/2 listed at $645,750; 1031 Sand Castle Rd 3/3 listed at $695K; 934 Cormorant Cir 3/2 listed at $729K; 1296 Par View Dr 3/3 listed at $749K; 9393 Peaceful Dr 3/2.5 listed at $799K; 702 Durion Ct 3/2 listed at $819.9K; 1430 Sanderling Cir 4/3.5 listed at $899K; 1081 Captains Walk St 4/2.5 listed at $995K; 1259 Par View Dr 3/4 listed at $1.175M; 490/460 Old Trail Rd 3/2.5 listed at $699.9K; 1073 Sand Castle Rd 3/2 listed at $795K; 1777 Serenity Ln 5/4.5 listed at $919K; 6041 Sanibel-Captiva Rd 2/1 listed at $949K; 1259 Par View Dr 3/4 listed at $1.175M, 2343 Wulfert Rd 4/4.5 listed at $1.42M.

8 closed sales: 9214 Kincaid Ct 2/2 $355K, 560 Piedmont Rd 3/2 $450K, 454 Lake Murex Cir 3/2 $610K, 9106 Mockingbird Dr 3/2 $700K, 345 Cowry Ct 3/4.5 $722.5K, 940 Lindgren Blvd 3/2 $935K, 1329 Eagle Run Dr $1.28M, 4577 Waters Edge Ln 4/3 $2,754,333.

LOTS

No new listings.

1 price change: 1303 Par View Dr now $310K.

1 new sale: 2501 Tropical Way listed at $695K.

No closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #5134 1/2 $399K.

No price changes.

No new sales.

1 closed sale: Bayside Villas #5234 1/2 $390K.

HOMES & LOTS

No new listings, price changes, 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.

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

Until next Friday, enjoy your fall! Susan Andrews, aka SanibelSusan

Paradise Post-Sally… Just Another Sunny Friday!

Tropical Storm Sally caused some excitement on Sanibel this week, even if she did not come ashore here. Following many rainy season days, Southwest Florida already was soggy when the storm slowly passed offshore last weekend. So slowly, that as the week began, the City reported that in just nine days, 20.47” of rain had been recorded. Then, there was more.

Late Sunday, between bands (silly me, I thought it had stopped), I went out to check a nearby listing. Just minutes from my home, I received multiple City and County tornado warning messages – cell calls, texts, and emails. Thankfully, those were just caution alerts. Within the hour, the warnings were canceled. There are some cool wall-of-water photos taken then, posted on www.MySanibel.com.

With more often-heavy rain and strong winds Sunday night, by daybreak Monday, a moat surrounded my home and Anchor Dr, at the gulf-end was impassable in a low vehicle. Since that was the last day of my Continuing Ed classes via Zoom, I opted to take them at home, while Elise opened the office.

A surprise for her was finding SanibelSquare also flooded. A little water made it in up the step and through our back door, but for the most part, the buildings here bordering Periwinkle are OK.

The back buildings were not as lucky. They remained flooded as did the parking lot until the sun came out Wednesday.

Monday when the water in our front lawn along the bike path subsided, Elise spotted the return of a marsh bunny. We were worried about those little guys.

We love our critters and got a giggle Tuesday afternoon when ducks enjoyed our parking lot, swimming by our back door.

Island-wide, including on Captiva, it took nearly all week for the water to go down in many areas. Today, when out doing sign and property checks, I saw high water at the entrance to West Rocks and in the swales along West Gulf Dr. Luckily the forecast for the next week (other than Sunday) has little or no rain expected.

At SanibelSusan Realty Associates

Our listings had a few more inquiries and showings this week. The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

The Association of Realtors® annual 12-part educational series to earn the islands specialist designation began this week. On Tuesday morning, I will be teaching the Resort and 2nd Home Market module by Zoom. It probably will not be as much fun as a classroom setting but I have my course material updated and will do my best to make it informative.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until September 22, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 49.

Effective today (Sep 18, 2020), on Sanibel, irrigation is permitted only two days per week based on property address. Odd addresses on Mondays and Thursdays, even addresses on Tuesdays and Fridays. No irrigation is permitted between 9 a.m. and 5 p.m. As of today, these regulations now apply year-‘round.

Another recent pro-environment City change is: As of Oct 1, 2020, plastic bags many no longer be used for yard and horticulture waste for collection by the City’s waste hauler. Yard and horticulture waste may continue to be properly bundled, collected in refuse containers, or disposed of in biodegradable paper lawn and leaf bags.

SCCF’s Turtle Patrol

SCCF Photo

The Conservation Foundation’s Turtle Patrol reported Monday that more than 50 sea turtle nests on Sanibel and about 25 on Captiva were still incubating as of Saturday. They thought about 10 nests may have washed away on Sanibel, but their team had not been able to assess Captiva due to high water.

Some nests were visibly washed out. Others had their stakes washed away, but eggs still incubating under the sand. Their turtle team worked all week to confirm which nests were fully lost. In some, they found stranded hatchlings and assisted getting them to the gulf.

Their updated report on Wednesday, said “Our team is using a GPS device to confirm which nests have been fully lost…. the beaches of Sanibel and Captiva, once crowded with a record number of yellow stakes marking nests, now host only 51 incubating nests on both islands combined. The season is all but over, with our last nests due to hatch in October. So far, 569 nests have hatched and 32,862 hatchlings have started their long journey to the Loop Current.”

Openings/Closings/September Scoop

The September vacations, deep cleans, and maintenance projects and improvements continue with the following business announcements this week:

Blue Giraffe – reopens tomorrow (Sat, Sep 18).

Cheeburger Cheeburger – reopens tomorrow (Sat, Sep 18).

Joey’s Custard – closed through Sep 30.

Over Easy Café – reopens tomorrow (Sat, Sep 18).

Paper Fig Kitchen – closed through Sep 20.

Schnapper’s – closed through  Sep 20.

The Sanctuary – Is often the site of our annual Realtor® End-of-Season Golf Tournament & Auction which some old-timers still call the “Over-the-Hump Party”. This year, because of the pandemic, it was postponed from late May until mid-October. This week it was announced that The Sanctuary has canceled all member and non-member events through December, so our tournament and party are canceled. But we will still have an RPAC auction – albeit a 2-day on-line event ending with a Zoom meeting. Just another twist to 2020.

Traditions at Island Inn – Closed for vacations through Sept 29.

Sanibel & Captiva Islands Multiple Listing Service Activity September 11-18, 2020

Sanibel

CONDOS

3 new listings: Casa Blanca #8 2/1 $375K, Sundial #D204 1/1 $450K, Loggerhead Cay #573 2/2 $679K.

4 price changes: Seawind #A108 2/2.5 now $528K, Mariner Pointe #421 2/2.5 now $579K, Loggerhead Cay #192 2/2 now $719K, Pointe Santo #E23 2/2 now $899K.

5 new sales: Seawind #A103 2/2.5 listed at $579K, Loggerhead Cay #532 2/2 listed at $689K, Island Beach Club #220F 2/2 listed at $745K, Blue Gulf #201 3/2 listed at $1.199M, Sanibel Sunset #301 3/2 listed at $1.95M.

2 closed sales: Colonnades #3 1/1 $235K, Pointe Santo #D21 2/2 $530K.

HOMES

2 new listings: 1653 Bunting Ln 3/2.5 $647K, 1352 Eagle Run Dr 3/2.5 $1.095M.

1 price change: 3751 Coquina Dr 3/2 now $839K.

8 new sales: 915 Main St 2/1 listed at $439K, 1797 Serenity Ln 2/2 listed at $445K, 799 Casa Ybel Rd 5/3 duplex listed at $570K, 690 Durion Ct 3/2 listed at $695K, 9307 Dimmick Dr 3/2 listed at $699K, 1170 Buttonwood Ln 4/2 listed at $899K, 2343 Wulfert Rd 4/4.5 listed at $1.42M, 1175 Bird Ln 4/3/2 listed at $3.25M.

6 closed sales: 3001 Swinging Wind Dr 2/2 $406K; 1350 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex $708,375; 1406 Causey Ct 3/2.5 $830K; 1271 Sand Castle Rd 3/2.5 $880K; 1437 Causey Ct 3/2.5 $902K; 940 Lindgren Blvd 3/2 $935K.

LOTS

No new listings.

1 price change: 1159 Golden Olive Ct now $1.599M.

No new sales.

1 closed sale: 4767 Tradewinds Dr $1,435,750.

Captiva

CONDOS

No new listings or price changes.

6 new sales: Bayside Villas #5110 1/2 listed at $369.5K, Bayside Villas #4204 1/2 listed at $389K, Bayside Villas #5136 1/2 listed at $399K, Bayside Villas #5228 12 listed at $399K, Bayside Villas #4220 1/2 listed at $415K, Beach Villas #2422 1/1 listed at $545K.

1 closed sale: Tennis Villas #3120 1/1 $300K.

HOMES & LOTS

No new listings, price changes, 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.

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

Until next Friday, Susan Andrews, aka SanibelSusan

BOGO With Gulf Of Mexico Tropical Storms

Time for another Friday update from SanibelSusan Realty, where we are keeping a watchful eye on the weather. 2020 sure has been one for the record books. Today, adding that two tropical storms are expected to arrive simultaneously in the Gulf of Mexico adds to the unpredictability of the year.

Teammate Dave was out this morning checking our listings and we will continue to follow projections. The latest indicates that Tropical Storm Laura may be nearby, though maybe off shore, Monday into Tuesday.  

Meanwhile, though the islands already have experienced plenty of summer showers this week, the surrounding gulf waters are clear and beautiful. Jim Sazbo, owner of SanCap Aerial photography, provider of drone views for the City, on Wednesday posted the below photo showing the Lighthouse end of the island. May the water stay looking like this!

Island Real Estate Action

Island sales action has slowed a little this week. Often fewer visitors are here late August through September, but it also is the time that those looking usually are serious – particularly those wanting to have a property in place to enjoy or rent this winter.

We got an inquiry this week about one of our condo listings that resulted in a showing and it was interesting to hear the same question from them that I heard last week from a buyer interested in another complex.

That question is “Why are so many properties for sale in that community?”. It certainly makes sense to ask why owners are selling and to be cautious if it looks like a community may have a problem. But in all my years here, it has been rare to have owners want to sell because of something negative about a neighborhood. More often, owners sell to move up to another property, or for investment, or because of a change in life situation.

What also is interesting is that some communities sell more one year than aother, often without a common explanation. Here are a few that have had noticeable jumps in sales this year:

  • Blind Pass condominiums: 5 units have sold/closed this year to-date, compared to just 2 in all of 2019.
  • Gulfside Place, 4 sold/closed, compared to 2 last year.
  • Sand Pointe, 5 sold, compared to 2 last year.
  • The Dunes, 20 homes have sold to-date, compared to the same number in all of 2019, but another 10 are under contract.
  • Sanibel Estates, where I live, 12 homes have sold, compared to 9 last year, 2 others under contract.
  • Sanibel Isles, 4 homes sold to-date & 2 under contract, just 1 sale in 2019.
  • Captiva in South Seas Plantation, Bayside Villas: 2 sales last year, 4 year-to-date, 7 more units under contract in last 2 weeks.
  • Captiva Beach homes also are ahead of last year: 3 homes sold then, 5 have sold this year, 3 others under contract.

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

Here in the office, I am close to finishing my annual update of the Resort & 2nd Home module that I teach for the Sanibel & Captiva Islands Specialist Designation. It is challenging trying to convert it to a Zoom format without losing the fun associated with in-person classes. Hoping to learn some tips, I have signed up to take the 14-hours of Continuing Ed required of Realtors® every two years, by Zoom.  

Openings/Closings/Rescheduling

City of Sanibel – On Tuesday, Mayor Ruane extended Sanibel’s declared State of Emergency in response to COVID-19, until August 25, 2020, unless further extended. (Per State Statute the maximum time for a Mayoral Declaration of Emergency is seven days, so it must be updated weekly while there are emergency conditions.)

Since March 26, a total of 41 COVID 19 cases have been reported on Sanibel by Florida Department of Health (DOH).

F.I.S.H. 12th Annual 10K Race Will be Virtual – While the “official” date of the race was scheduled for October 24, runners may participate virtually and log their time at any point from when they register through October 31. Registration will open later this month through the Fort Myers Track Club. More info regarding incentives for runners who help register groups or raise funds for F.I.S.H. will be available on the F.I.S.H. and Fort Myers Track Club websites. Participants will receive a dri-fit shirt with this year’s Hortoon logo and matching face covering. (www.fishofsancap.org). (SanibelSusan will not be needed as a Sanibel Square race safety monitor this year, but fully supports all that this wonderful organization has done and continues to do for those needing a hand, particularly in these trying times. The Association of Realtors® Summer 2020 challenge continues with our members and affiliates donating bags of items with school supplies and non-perishables for the F.I.S.H. food pantry. Their needs this year are enormous.)

Library Reopens – Monday, the Sanibel Public Library’s building reopened to the public following a deep clean. Precautions are in place to help protect staff and visitors from COVID-19. Inside the building, social distancing and wearing of masks (except those under age 6) are required. Library cards are available at no charge to residents of Sanibel and Lee County. Visitor library cards are available for a $10 annual fee. The Library is open Mondays and Thursdays from 9 a.m. to 8 p.m.; Tuesdays, Wednesdays, and Fridays from 9 a.m. to 5 p.m.; and Saturdays from 9 a.m. to 1 p.m. For more info, call 239-472-2483 or visit online at www.sanlib.org. Contact-less curbside service is continuing, call or go online to place a hold.

Virus May Have Boosted the Housing Market

Locals recognize that the pandemic is boosting the island real estate market, but here is a more national glimpse, from an article posted August 11 on FloridaRealtors® by Kerry Smith.

“In earlier times, a pandemic + recession would have slowed the market, but today’s unique circumstances seem to have sparked an even stronger demand for homeownership.

“SEATTLE – Three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has impacted their homebuying plans – and one in four (25%) says it caused them to move faster or speed up their timeline.

“However, one in five (20%) say they’ve postponed homeownership, and 17% are now looking at less expensive homes, according to a survey conducted by Redfin.

““Somewhat counterintuitively, the coronavirus-driven recession is propping up the housing market,” says Redfin Chief Economist Daryl Fairweather. He says homebuyer demand surged in the second quarter of 2020 even though GDP took a nosedive.

““Americans value the home more than ever and are willing to prioritize housing even as they cut back on other expenses,” says Fairweather. “Additionally, the Fed is using low interest rates to stimulate the economy, which is giving buyers more purchasing power and boosting home sales. But even with low rates, widespread unemployment and financial uncertainty mean not everyone who wants to buy a home is able to” do so.

“The pandemic’s most common homebuyer impact is a desire for more space: 21% of respondents want a designated area to work from home and 21% want more outdoor space; in addition, 10% of respondents now want a bigger home, and 7% want a designated space for children to learn from home.

““When the pandemic first hit, a few buyers canceled contracts due to economic uncertainty and concerns about potential layoffs,” says Phoenix Redfin agent Thomas Wiederstein. “I’ve also had some clients take breaks from searching because they don’t know how the economic situation is going to play out.

“But then there’s the other side,” says Wiederstein, “those who are encouraged by low mortgage rates, sitting around in their tiny apartment dreaming of the space a single-family home can offer.””

Sanibel & Captiva Islands Multiple Listing Service Activity August 14-21, 2020

Sanibel

CONDOS

1 new listing: Sanctuary Golf Villages I #1-5 2/2.5 $999K.

No price changes.

4 new sales: Ibis at The Sanctuary #102 2/2 listed at $479K, Island Beach Club #P1A 2/2 listed at $599K, Sunset South #2D 2/2 listed at $675K, Sundial #J107 2/2 listed at $729K.

No closed sales.

HOMES

3 new listings: 2001/2003 Mitzi Ln 6/6 duplex $999K, 3351 Barra Cir 3/2.5 $1.199M, 4992 Joewood Dr 3/3.5 $1.595K.

8 price changes: 981 Main St 4/2.5 now $675K, 4397 Gulf Pines Dr 3/3 now $745K, 543 Boulder Dr 3/2 now $799K, 215 Robinwood Cir 4/3 now $829K, 930 Kings Crown Dr 3/2 now $1.195M, 2739 Wulfert Rd 4/5.5 now $1.25M, 5757 Baltusrol Ct 3/3 now $1.539M, 1520 Angel Dr 5/5.5 now $1.575M.

8 new sales: 1954 Roseate Ln 3/2 listed at $549K, 1031 Sand Castle Rd 3/3 listed at $695K, 1114 Sabal St 2/2 listed at $795K, 734 Anchor Dr 3/2 listed at $875K, 545 Lake Murex Cir 3/3 listed at $1.075M, 930 Kings Crown Dr 3/2 listed at $1.195M, 1671 Hibiscus Dr 5/3 listed at $1.199M, 1558 San Carlos Bay Dr 3/3.5 listed at $2.989M.

3 closed sales: 6033 Dinkins Lake Rd 3/3.5 $685.9K, 938 Pecten Ct 3/2.5 $860K, 5419 Osprey Ct 3/3.5 $1.035M.

LOTS

No new listings.

1 price change: 4995 Joewood Dr now $2.45M.

2 new sales: 0 Island Inn Rd listed at $599,555; 1226 Isabel Dr listed at $1.239M.

No closed sale.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Bayside Villas #4216 1/2 listed at $374.9K, Bayside Villas #5218 1/2 listed at $399K.

No closed sales.

HOMES

No new listings or price changes.

2 new sales: 16525 Captiva Dr 3/4 listed at $1.459M, 16531 Captiva Dr 8/8 listed at $2.85M.

2 closed sales: 11525 Wightman Ln 3/2 $1.175M, 11514 Wightman Ln 5/5 $1.65M.

LOTS

1 new listing: 16151 Captiva Dr $8.95M.

No price changes, 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.

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

Enjoy your weekend & watch out for those BOGO’s.

Until next Friday, Susan Andrews, aka SanibelSusan

When It Rains on The Islands, Just Wait a Few Minutes

It has been another week of typical July weather on Sanibel and Captiva Islands – bright blue skies with big white puffy popcorn clouds often rolling in, bringing along a quick shower and resulting in some terrific sunsets. I took a quick detour on my way back to the office about 1 p.m. this afternoon trying to capture a photo of those clouds. My quick trip up Bailey Road was not fast enough, so I tried Dixie Beach Blvd. You can see from the photos below that it was already raining off island with waves forming on San Carlos Bay and Pine Island Sound. Now the rains have stopped, with both islands first getting a good dousing.

From the lot at the end of Dixie Beach looking toward Woodring Rd

Already raining across Pine Island Sound.

A few little white caps on San Carlos Bay

New real estate action was down a little this week following the departure of holiday visitors, but overall, closed sales are doing well. Below is a summary comparison of island sales (from January through today) over the last three years. Current inventory also is shown.

For those who can work from home or want to spend more time here, there is plenty of inventory and lenders are offering some of the best programs in decades. Prudent buyers also will note that prices again are creeping up.

Residential Property – Condos, Homes, & Lots
Sanibel Captiva Total Both Islands
Sold/Closed from 1/1 to 7/17 # Avg Price # Avg Price # Avg Price
2020 214 879,346 32 2,024,593 246 1,028,321
2019 227 841,871 22 1,856,533 249 931,522
2018 272 1,011,547 29 1,430,385 301 1,051,900
For Sale Now 316 1,156,219 86 2,610,933 401 1,469,652

Looking more carefully at sales to-date this year, here are answers to some questions often posed to Realtors®. (My answers are based on the island Multiple Listing Service.)

What is the cost of a 2-bedroom condo on the gulf? On Sanibel, today there are 55 for sale, average asking price $815,576. On Captiva, seven are for sale, average asking price $1,285,214.

What if I need 3 bedrooms? Expect to pay a lot more. On Sanibel, 16 are for sale, average asking price $1,634,125. On Captiva, six are for sale, average asking price $2,456,500.

How much do properties sell off their asking price? Looking at those same property types and sales this year, 33 Sanibel 2-bedroom gulf condos sold in prices ranging from $508,000 to $1,200,000 (a huge spread). Average sale price compared to average list price = 94%. On Captiva, there were just four gulf-side 2-bedroom condo sales. Prices ranged from $674,500 to $1,480,000. There, average sale price compared to list price is 96%.

What is the cost of a single-family 3-bedroom home with pool near-the-beach? That is the most popular island property. On Sanibel, 14 are for sale, average asking price $855,278. Year-to-date, 13 have sold at prices ranging from $447,000 to $1,167,500. Average sale price $875,657 is 94% of the average asking price. On Captiva, four are available, average asking price $1,818,500. Year-to-date, just two have sold. Average sale price of $1,862,500 is 94% of average list price.

Below are a few news items followed by the activity this week in the Sanibel & Captiva Islands Multiple Listing Service. You will notice that there was just one new Sanibel condo sale, while there were eight home sales. Closings were similarly split this week with no Sanibel condo closings, but 11 Sanibel homes closed. Usually condo buyers are here now… hopefully they are coming soon!

City of Sanibel

On Tuesday, Sanibel City Council met for their regularly scheduled meeting. One item discussed was the City budget and the expected 2020 millage rate.

As reported in today’s “Island Sun”:  “Despite COVID-19, island property values are projected to have risen this year, although by less than one percent, and the City is projected to have the lowest tax rate since 2007.”

There was no change in the Mayor’s State of Emergency Proclamation Due to COVID-19, other than extending it until July 21.

Great News from Turtle Patrol

Posted Wed on SCCF’s (Sanibel-Captiva Conservation Foundation) FaceBook page:

“Captiva has broken its record for the most loggerhead sea turtle nests ever documented! With 231 nests, the island is well ahead of last year’s record of 193 loggerhead nests.

“On Sanibel, we are up to 585 loggerhead nests with a couple weeks of nesting still to go. The previous record on Sanibel was set in 2017 for loggerheads, with 649 nests.

“We are now tracking three loggerheads that nested on our beaches this summer. Last week, our team tagged a loggerhead named Periwinkle…. Pepper, Junonia, and Periwinkle received satellite transmitters this nesting season to learn more about the inter-nesting movements, migratory pathways, and foraging grounds of loggerheads nesting on our beaches. Click here to track these turtles! https://www.trackturtles.com/

Why We Love It Here

Here are a few reminders of why so many love Sanibel and Captiva:

Tops in Nation – Widely recognized & consistently ranged as one of the country’s top destinations for beach combing, shelling, kayaking, bird watching, and biking. Family Fun magazine has rated Sanibel a top overall family attraction.

Popular Winter Destination – The American Society of Travel Agents has ranked the beaches of Sanibel and Captiva in their top ten most popular winter destinations. The Weather Channel also has ranked the islands in its top five winter escapes, along with Key West, Kahului (in Maui), Honolulu, and Miami.

Sanibel Shell Festival – Beaches are ranked some of the best in the world for shelling. More varieties can be found here than anywhere else in North America. Shelling posture is so common, that it has a name – The Sanibel Stoop. It also is no wonder that the Sanibel Shell Festival will celebrate its 84th year in 2021. Among the rare shells collected here are the brown speckled junonia, sculpted lion’s paw, coveted golden olive, golden tulip, and Scotch bonnet. Live shelling is banned, but shell seekers are encouraged to pick up abandoned treasures that wash up on shore.

J.N. “Ding” Darling National Wildlife Refuge – Occupying more than half of Sanibel, the national wildlife refuge was named for Pulitzer Prize-winning cartoonist Jay Norwood Darling, who also was the first environmentalist to hold a presidential cabinet post (Franklin Delano Roosevelt’s administration).

Boating – There are plenty of opportunities on the islands and surrounding waterways for water enthusiasts, from easy kayaking to serious tarpon fishing. Boat straight across the state from Fort Myers/Sanibel to Palm Beach via the Caloosahatchee River and Okeechobee Waterway, both part of the intra-coastal waterway.

Creativity Abounds Here – From authors to artists to musicians & more – Anne Morrow Lindbergh, the wife of America’s famous aviator, wrote her best-selling book, “A Gift from the Sea,” without identifying it as Captiva Island.

Gladiolus Capital – Some of Lee County’s original settlers were flower growers from the Benelux region of Europe. At one time their horticultural efforts made nearby Fort Myers the “Gladiolus Capital of the World.”

Update on The Wildlife Refuge

From the July 16, 2020, “’Ding’ on The Wing”, News from the ‘Ding’ Darling Wildlife Society:

Tarpon Bay Explorers has restructured its Sealife and Nature Cruises schedule. Currently, the tours depart every Monday, Wednesday, Friday, and Sunday at 11, 1:30, and 6. Keep current on developments via our COVID-19 web page.  In the meantime, we urge you to #StayHome as much as possible, get out in nature when you can, and maintain social distance and mask guidelines when you must go out.”

At the Refuge store, their special edition Sanibel Shells masks are in stock and more Roseate Spoonbill masks are expected to arrive soon. Easy to order at ShopDingDarling.com.

Realtor.com’s Website Has ‘Record-Level’ Buyer Interest

Posted July 10 on FloridaRealtors® on line:

“The site created a Housing Market Recovery Index just a few weeks ago to gauge the market’s return to “normal,” and real estate is already close to pre-pandemic levels.

“Realtor.com says its monthly website traffic hit an all-time high of 86 million unique users in June 2020, breaking May’s record of 85 million unique users. It also broke its daily record on June 25 when 7 million unique users visited the site.

“Realtor.com created a new Housing Market Recovery Index in early June to gauge how fast the pandemic-slowed real estate market returned to “normal.” The index considers a score of 100 to represent the real estate market on Feb. 1, 2020 – before the pandemic hit – and any current metro score below 100 represents its relative weakness compared to the pre-pandemic market.

“In many metro areas, however, the index has returned to something close to normal; in some areas, it’s even improved.

“In the four Florida metro areas realtor.com includes in its Index, one has already passed the Feb. 1 baseline – Jacksonville with an index of 100.4 – and the other three are only slightly below for the week ending July 4.

Nationwide, the index number reached 97.8, which is the largest weekly increase since the index was introduced. The week’s 2.1-point increase week-to-week brings the index just 2.2 points below the pre-COVID baseline. However, supply remains the biggest factor that will slow a recovery, realtor.com analysts say. Total listings on realtor.com are down 31% year-to-year.

“All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels,” says Javier Vivas, director of economic research for realtor.com. “With supply at record lows, the backlog of demand portends increased competition and a seller’s market in the weeks ahead. While buyers are back, growth in home sales this summer will be constrained by the slow return of sellers and the limited amount of homes hitting the market.

“Nationwide, listings spent three days less on the market year-to-year the week of July 4. Asking prices on realtor.com were up 6.2%, and the number of new listings were down 4%. Out of the 50 metros included in the Index, the Boston area ranked first with a score of 119.9; the Milwaukee metro area ranked last with a score of 85.8.”

Sanibel & Captiva Islands Multiple Listing Service Activity July 10-17, 2020

Sanibel

CONDOS

5 new listings: Spanish Cay #F4 2/2 listed at $399,999; Kimball Lodge #263 1/1.5 $525K; Loggerhead Cay #542 2/2 $699K; Sundial #T201 2/2 $830K; Surfside 12 #A4 3/2 $849K.

4 price changes: Sanibel Arms #B1 1/1 now $419K, Sundial #C301 1/1 now $460K, Mariner Pointe #421 2/2 now $589K, Kings Crown #306 2/2 now $838K.

1 new sale: Sanibel Surfside #126 2/2 listed at $799K.

No closed sales.

HOMES

1 new listing: 1304 Par View Dr 3/3 $775K.

1 price change: 1720 Dixie Beach Blvd 3/3 now $995K.

8 new sales: 9426 Beverly Ln 3/2 listed at $575K, 1827 Middle Gulf Dr 2/2 listed at $589K; 6033 Dinkins Lake Rd 3/3.5 listed at $698.5K; 1515 Angel Dr 3/2 listed at $849,948; 1358 Sand Castle Rd 4/3.5 listed at $995K; 1010 Kings Crown Dr 3/3 listed at $997K; 3706 West Gulf Dr 4/3 listed at $1.325M; 3615 West Gulf Dr 3/2 listed at $2.995M.

11 closed sales: 1695 Serenity Ln 3/2 $514K, 3947 Coquina Dr 2/2 $550K, 990/992 Greenwood Ct N 3/2.5 duplex $640K, 9418 Moonlight Dr 3/2 $655K, 1978 Roseate Ln 3/2 $680K, 1285 Par View Dr 4/2.5 $700K, 1220 Sand Castle Rd 3/2.5 $775K, 676 Emeril Ct 3/2 $830K, 847 Lindgren Blvd 3/2 $850K, 1230 Bay Dr 3/2 $1.45M, 2460 Harbour Ln 3/3 $1.75M.

LOTS

No new listings.

1 price change: 0 Island Inn Rd now $599,555.

No new or closed sales.

Captiva

CONDOS

No new listings.

2 price changes: Bayside Villas #5234 1/2 now $399K, Beach Homes #30 4/4.5 now $3.65M.

2 new sales: Tennis Villas #3114 1/1 listed at $329K, Beach Homes #21 3/3 listed at $3,000,050.

No closed sales.

HOMES

1 new listing: 11520 Wightman Ln 3/2 $2.589M.

1 price change: 16500 Captiva Dr 6/6/2 now $6.389M.

1 new sale: 11547 Laika Ln 4/4 listed at $1.995M.

2 closed sales: 11520 Wightman Ln 3/2 $2.5M, 16221-16217 Captiva Dr 5/5.5 $3.6M.

LOTS

No new listings, price changes, 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.

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

Until next week, Susan Andrews, aka SanibelSusan

Sanibel Is Opening Slowly… Just in Time for Memorial Day

This week brought the first of the islands’ good summer showers which already have greened things up and affected some of the bright orange blooms on the big Royal Poinciana trees that are so spectacular here in May.

Also spectacular is the color of the gulf and bay waters. Though that changes when the rainy season begins and things get stirred up, this week many islanders remarked that driving across the causeway looks like a Caribbean postcard. (This photo was gulf side yesterday.)

Today is another quiet Friday at SanibelSusan Realty, but the island could get busier soon. Check out the scoop below about the City Council Meeting yesterday. After that is info about the action this week in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel Emergency Proclamation Extended

As background on City openings, on Tuesday, Sanibel’s Mayor extended the City’s Emergency Proclamation another seven days – or until May 26. The following three changes were part of the updated Proclamation which may be read on http://www.MySanibel.com.

  • The temporary parking restrictions at Pond Apple Park (1380 Periwinkle Way) and at The Chamber of Commerce Visitor Center (1159 Causeway Rd) are lifted.
  • Earlier restrictions on beach/pool chairs/equipment were modified to allow chair/equipment in the same percentage as the occupancy allowed (for example, hotels/resorts/timeshares approved for 50% occupancy may provide for guest use the same amount of chairs/equipment).
  • Additionally, the 227 units in the on-site resort rental program at Sundial were added to the hotel/resort/timeshare list based on their recent receipt of a motel license from Florida Division of Business & Professional Regulation.

So, Sanibel’s pay-parking lots remain closed through the Memorial Day holiday (will reopen June 1, unless there is another change). At that time, vacation rentals remained limited to 30 days or longer, except those properties with licenses as hotels/resorts/timeshares which may rent up to 50% occupancy (with safety precautions and with guests from COVID hotspots not allowed).

I ventured into a couple of off-island Publix this week and was surprised to find few patrons wearing masks and adhering to the social distancing precautions. At Bailey’s, they continue to provide a mask if you do not have one.

Sanibel Opens Vacation Rentals, With Restrictions & Exceptions

Last Friday afternoon, Gov. Ron DeSantis announced that beginning this past Monday, Florida was in full Phase One of reopening. Full Phase One includes a stipulation that vacation rentals can reopen on a county-by-county basis as long as the county submits a plan to Florida Department of Business and Professional Regulation, and it is approved by the secretary of DBPR. As of today, in just a week’s time, 26 Florida countries have received state approval for vacation rentals.

The plan was unanimously approved by the Lee County Commission on Tuesday and later in the week Lee County’s Safety Plan received state approval. Those plan details say:

  • Vacation rentals should open and operate for in-state reservations only (i.e. only Florida residents).
  • Short-term rental properties should prohibit rentals to persons traveling internationally or from a state or locality with a substantial community spread of COVID-19.
  • Short-term rental properties should maintain 72 hours between guest check-ins to allow for effective cleaning and disinfecting of the rental unit.
  • Short-term rental properties shall thoroughly clean and disinfect the property between rentals following CDC guidelines. cdc.gov/…/2019-ncov/community/disinfecting-building-fac…
  • Short-term rentals shall post signage in all units detailing cleaning and sanitation procedure.

The county plan was revised and approved by the state to restrict vacation rentals to residents of states that have less than 700 COVID-19 cases per 100,000 residents. That currently means residents of Connecticut, Delaware, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, and Rhode Island are prohibited.

Those changes resulted in a Sanibel City Council Meeting yesterday afternoon which unanimously adopted the county plan.

During further Council discussion yesterday, regarding face masks, a motion to make them mandatory in public places (where social distancing cannot be done) was defeated 3-2, but a motion passed that recommends them, following the CDC requirements regarding face coverings. Those details were posted on www.MySanibel last night.

Things in Florida seem to be moving at a steady pace in the Full Phase One Reopening with places like gyms and fitness centers opening back up, and more people going into restaurants and stores. The latest breaking news was the Governor’s announcement that he will be lifting all restrictions on youth activities such as summer camps and youth sports. Hopefully, this will begin to provide some relief to both parents and kids as everyone settles into a new normal. The last day for Lee County Schools is right around the corner, June 3.

Sanibel & Captiva Islands Multiple Listing Service Activity May 15-22, 2020

Sanibel

CONDOS

4 new listings: Sanibel Siesta #302 2/2 $699K, Sandpiper Beach #202 2/2 $789K, Yacht Haven #4 3/2 $895K, Sayana #103 2/2 $948.5K.

No price changes.

3 new sales: Casa Blanca #6 1/1 listed at $353K, Blind Pass #B205 2/2.5 listed at $469K, Sand Pointe #131 2/2 listed at $729K.

3 closed sales: Sandy Bend #7 2/2 $790K, Gulfside Place #221 2/2 $1.05M, Cyprina Beach #1 3/3 $1.36M.

HOMES

1 new listing: 1170 Buttonwood Ln 4/2 $899K.

6 price changes: 1567 Sand Castle Rd 3/3 now $670K, 701 Nerita St 3/2 now $698K, 1031 Sand Castle Rd 3/3 now $699K, 1978 Roseate Ln 3/2 now $719K, 1285 Par View Dr 4/2.5 now $789K, 4577 Waters Edge Ln 4/3 now $3.095M.

10 new sales: 1667 Atlanta Plaza Dr 2/1.5 listed at $439K, 954 Donax St 3/3 listed at $525K, 1339 Tahiti Dr 3/2 duplex listed at $525K, 1826 Ardsley Way 4/3 listed at $625K, 1021 Sand Castle Rd 2/2 listed at $694.5K, 1828 Farm Trl 3/2 listed at $695K, 1271 Par View Dr 3/3 listed at $899K, 2154 Starfish Ln 3/3 listed at $1.399M, 6071 Sanibel-Captiva Rd 5/4.5 listed at $1.75M, 5044 Joewood Dr 4/4.5 listed at $2.15M.

2 closed sales: 730 Cardium St 2/2 $491.5K, 5842 Pine Tree Dr 3/2 $925K.

LOTS

No new listings or price changes.

3 new sales: 6411 Pine Ave listed at $329K, 6419 Pine Ave listed at $889K, 6053 Sanibel-Captiva Rd listed at $1.195M.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Seabreeze #1253 3/3 now $1.545M.

1 new sale: Beach Villas #2227 1/1 listed at $539K.

1 closed sale: Captiva Shores #8B 3/2.5 $1.125M.

HOMES

No new listings or price changes.

1 new sale: 13500 Palmflower Ln 4/4 listed at $2.695M.

1 closed sale: 11542 Wightman Ln 5/5 $3.08M.

LOTS

No new listings, price changes, 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.

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

Enjoy your Memorial Day weekend.

Rain is expected here on Monday, but we need it & afternoon showers will soon be our norm.

Susan Andrews, aka SanibelSusan

Don’t Forget to Spring Ahead… Island Life is Better Longer With Sunshiney Evenings!

West Gulf Drive beach this week!

It’s Susan and rather than report about how wonderful the weather is on the islands again this week, I am going to give a special shout-out to the two gals who stopped into the office Wed and thanked me for writing my weekly blogs. (Thank you, June and Kelly (and your friend Katherine). Your kind words are much appreciated.)

These blogs evolved from my team’s Friday updates to our sellers. Some years ago, when a seller’s property sold, she said, “but I like getting those weekly updates, can I still get them?” So since then, I have called it my real estate therapy to create these Friday blogs. Through the week, as part of our efforts to keep our clients informed, I watch for items that may be of interest and compile the newsy part. Then on Thursdays and Fridays, teammate Elise adds the Multiple Listing Service part. We all contribute to the feedback from showings and Open Houses; then, once teammate Dave provides his 2-cents worth, Elise sends an email that we call our “Friday Update” to all who have their property listed with us.

Then, I strip out the personal info about the property inquiries and feedback and the details if any new sales are contingent. After adding a few photos, graphics, clip art, and links, I then upload the post to WordPress. That is where our website is hosted and where the blog gets published on the internet and syndicated to LinkedIn, Facebook, and Twitter where it has a few thousand followers.

Sometimes the posts get comments, but usually those only occur if it is a busy Friday and the blog is posted late (after 5 p.m.) and readers send messages asking where it is. In two more weeks, I will have posted my 500th weekly bog.

Followers, by far, come from the United States (4,505), followed by Canada (97), United Kingdom (81), Germany (57), and France (18). Since I also have a page for each of our listings on our website, we also can track what listings get attention via the blog too. That tracking is similar to how we can see who looks at our listings through our Multiple Listing System with syndication to Realtor.com, Zillow, etc. And, ListHub, where we can syndicate to up to 81 additional real estate search engines, plus WorldProperties.com where our listings are translated into 45 different languages thanks to my TRC (Transnational Referral Certification).

It’s all about the internet these days, except when visitors are on the islands. That’s when they relax and usually want to do things the old-fashioned way.

Island Happenings

It is a good indication of high season when we hear that some of the many upcoming ticketed island events are sold out. Even if they are, if you are interested in one of them, I encourage you to put your name on a wait list or hope for a last-minute cancellation.

Shell Fair – The 83rd Annual Sanibel Shell Festival which began yesterday at The Community House always has room for more visitors, but it makes for slow going past SanibelSusan Realty through tomorrow. We are ready to deliver keys and/or open properties for showings if it helps our colleagues. After our closing yesterday, I delivered keys and commission checks from the title company to the selling office up the street. His support staff got such a kick out of it. Whatever it takes to get the deals done, we are happy to help!

Spring Concerts – Speaking of tickets, it is not too soon to get your tickets for the BIG ARTS Community Chorus Spring Concerts, which will be April 1 and 2 in the new performance hall. Our accompanist, Erik Entwistle, has composed a new piece which will be premiered at the concerts. It got a wonderful write-up in the new issue of “Times of the Islands”. Called “Build A Nest”, the song is a celebration of the islands’ sea turtles and the many volunteers that help them. Here is a link to the article:

https://toti.timesoftheislands.com/dm/2020/mar-apr#page/125

Real Estate Is Selling

In a 4-week period in “high season”, we like to see at least 30 condo and 30 home sales with a few lot sales sprinkled in. Over the last four weeks, like much of the last year, more homes sold than condos, and unfortunately not a single Sanibel lot sold in February.

Below is a summary from the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service showing the islands’ real estate inventory today and sales to-date this year. Teammate Elise says if anyone wants to know how many price reductions there have been so far this year, “there were too many”. There were 228 on Sanibel and 22 on Captiva, with more being posted every day. With only five more weeks of ‘high season” remaining, there likely will be more.

Inventory remains high for the time of the year, but that means more choices for the prospects looking over the next few weeks.

Sanibel Condos Homes Lots
# Avg Price $ # Avg Price $ # Avg Price $
For sale 3/6/2020 131 843,259 204 1,450,665 77 681,165
Under contract 22 766,455 46 1,183,078 3 1,056,333
Sold this year 29 684,592 39 986,842 2 1,434,333
Sold last year 127 694,392 211 949,790 15 372,200

 

Captiva Condos Homes Lots
# Avg Price $ # Avg Price $ # Avg Price $
For sale 3/6/2020   47 1,143,911   48 3,056,354   3 3,563,000
Under contract 4 1,368,225 2 6,400,000 2 3,399,500
Sold this year 5 688,800 5 2,863,600 0 N/A
Sold last year 29 1,037,077 17 2,737,503 1 1,375,000

Sea Turtle Nesting Season Begins

As a reminder, sea turtle nesting season in south Florida began March 1. It is usually not until April that the turtle volunteers start scouring the beaches each morning looking for evidence of a mama coming ashore to lay her eggs. More info on the SCCF (Sanibel-Captiva Conservation Foundation) Sea Turtle Program at http://sccf.org/our-work/sea-turtles In the meantime, please help keep our beaches sea turtle friendly:

Sea turtle nest

  • Turn off or shield all lights that are visible from the beach. Do not use flashlights or cell phone lights on the beach. If necessary, use amber or red LED bulbs.
  • Do not disturb the screens covering nests. They prevent predators from eating the eggs and the hatchlings emerge through the holes without assistance.
  • Remove all beach furniture and equipment from the beach at night.
  • Dispose of fishing line properly to avoid wildlife entanglement.
  • Fill in large holes that can trap hatchlings and nesting sea turtles.
  • Do not disturb nesting turtles – please do not to get too close, shine lights on, or take flash photos of nesting sea turtles.
  • Pick up litter.

Sanibel & Captiva Islands Multiple Listing Service Activity February 28-March 6, 2020

Sanibel

CONDOS

4 new listings: Colonnades #C3 1/1 $279K, Sand Pointe #132 2/2 $709K, Sanctuary Golf Villages I #5-4 3/3 $790K, Kings Crown #110 2/2 $795K.

8 price changes: Sanibel Arms #B1 1/1 now $439.9K, Sand Pointe #227 2/2 now $719K, Island Beach Club #310A 2/2 now $739K, Oceans Reach #4C1 2/2 now $849K, Oceans Reach #4D1 2/2 now $859K, Blue Gulf #201 3/2 now $1.199M, Sunward #201 3/2 now $1.299M, High Tide #B302 3/2 now $2.295M.

6 new sales: Seashells #3 2/2 listed at $469.5K, Sundial #C210 1/1 listed at $485K, Sanibel Arms West #I7 2/2 listed at $579K, Sunset South #2C 2/2 listed at $599K, Gulfside Place #221 2/2 listed at $1.179M, Gulfside Place #214 2/2 listed at $1.28M.

2 closed sales: Sundial #A306 1/1 $720K, Anglers Key #202 3/3 $2.045M.

HOMES

5 new listings: 4606 Brainard Bayou Rd 2/2 $479K, 1573 Sand Castle Rd 3/2 $585K, 1326 Tahiti Dr 2/2 $797.5K, 660 Durion Ct 3/2 $895K, 3615 West Gulf Dr 3/2 $2.995M.

21 price changes: 1890 Farm Trl 3/2 now $555.4K; 9418 Moonlight Dr 3/2 now $689K; 4339 Gulf Pines Dr 3/2 now $695K; 1978 Roseate Ln 3/2 now $727.5K; 5834 Pine Tree Dr 2/2 now $749,555; 1223 Par View Dr 3/2 now $749.9K; 1676 Middle Gulf Dr 3/2 now $799,999; 1220 Sand Castle Rd 3/2.5 now $825K; 1589 Sand Castle Rd 3/3 now $877K; 4345 Gulf Pines Dr 4/4 now $895K; 770 Conch Ct 3/2 now $899K; 1271 Par View Dr 3/3 now $929K; 1437 Causey Ct 3/2.5 now $985K; 261 Ferry Landing 2/2 half-duplex now $995K; 1667 Venus Dr 3/2 now $1.02M; 355 East Gulf Dr 3/2 now $1.095M; 550 N. Yachtsman Dr 4/3 now $1.275M; 2284 Troon Ct 4/4.5 now $1.799M; 418 Bella Vista Way 4/4 now $1.99M; 2460 Harbour Ln 3/3 now $1.999M; 4701 Rue Belle Mer 4/5 now $3.395M.

9 new sales: 4245 Gulf Pines Dr 3/2 listed at $675K, 1014 S. Yachtsman Dr 3/3 listed at 710K, 500 Sea Oats Dr 3/2 listed at $739.9K, 1501 Sand Castle Rd 5/3.5 listed at $879K, 3358 Saint Kilda Rd 3/3 listed at $1.047M, 3851 Coquina Dr 3/2.5 listed at $1.389M, 1230 Bay Dr 3/2 listed at $1.619M, 4709 Rue Belle Mer 3/2 listed at $2.999M, 4143 West Gulf Dr 3/3.5 listed at $5.1M.

8 closed sales: 4619 Brainard Bayou Rd 3/2 $552K, 970 Black Skimmer Way 2/2 $592.5K, 1740 Middle Gulf Dr 4/3 $640K, 247 Christofer Ct 3/2 $700K, 257 Daniel Dr 3/2 $735K, 592 Sea Oats Dr 3/2 $975K, 911 S. Yachtsman Dr 3/3 $1.13M, 842 Limpet Dr 3/3.5 $1.9M (our Seller).

We’re gonna miss this house. From the backyard of our listing that sold this week at 842 Limpet Dr.

LOTS

2 new listings: 2095 Wild Lime Dr $269K, 1159 Golden Olive Ct $1.685M.

3 price changes: 3013 Poinciana Cir now $219K, 667 Birdie View Pt now $329K, 6141 Starling Way now $897K.

No new or closed sales.

Captiva

CONDOS

2 new listings: Captiva Shores #C6 2/2 $1.019M, Lands End Village #1637 2/2 $1.495M.

2 price changes: Bayside Villas #5104 1/2 now $400K, Lands End Village #1667 2/2 now $1.175M.

No new or closed sales

HOMES

1 new listing: 6 Sunset Captiva Ln 2/2 $2.695M.

2 price changes: 15147 Captiva Ln 6/5.5 now $4.3M, 956 South Seas Plantation Rd 6/6 now $5.25M.

No new or closed sales.

LOTS

No new listings or price changes.

1 new sale: 15295 Captiva Dr listed at $899K.

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.

Until next Friday,

Susan Andrews, aka SanibelSusan

From Orlando to Sanibel Island

Below is an update from the leadership team meetings I attended this week at Florida Realtors®, followed by an article with info about seniors, and then the Sanibel & Captiva Islands Multiple Listing Service activity since last Friday.

SanibelSusan’s Report from Florida Realtors®

It has been a busy three days in Orlando with the Florida Realtors® leadership team at the Renaissance at Sea World.

Wednesday was the all-day instructor auditions where 57 prospective instructors tried out before seven rooms of panelists. First a teacher must be approved to become a member of Florida Realtors® faculty. Then, they must audition again for each class they want to instruct. With this many, it was a long, but productive day. Serving as a panelist is rewarding, in many ways.

That night, Sanibel & Captiva Islands Association of Realtors won three state RPAC awards.

Yesterday, at the 2020 Florida Real Estate Trends presentation, I heard Florida Realtors Chief Economist Dr Brad O’Connor and Dr Sean Snaith who is Director of the University of Central Florida’s Institute for Economic Forecasting. If you are thinking that these statistical guys were boring, think again. Not only did they make looking at numbers fun, their outlooks for Florida are bright.

Dr Snaith’s big concern is the $23+trillion national debt. 27% of that debt is in intra government holdings including Social Security’s trust fund and the Federal Reserve Bank. The Social Security fund has surplus right now because so many baby boomers are still working and paying in. This surplus will go away, likely meaning that $5 trillion in debt will need to be absorbed by the government.

Comparing U.S. debt to other countries, remember the Greek crisis in 2010, that is still felt there today? Their total debt was $380 billion. (Ours in a single quarter is greater than that.)

Now for the good news. Business stimulus from the Trump administration has boosted investment, which boosts productivity, which boosts wages and salaries. Regulation relief also has reduced GDP an average of 2% a year. The regulations in the 70’s doubled GDP then. We all know regulations are needed, but consideration is needed on how they affect the economy and their unintended consequences. Dr Snaith said, “the secret sauce to economic growth is productivity” which increases with less regulation.

Regarding trade, he said, “though it had been the longest recovery in U.S. economic history, any way you look at it, our labor market is strong.” He expects no Federal rate change in 2020, while U.S. economy continues to grow. The momentum is strong with Florida’s economy better than the national average since 2012.

Unemployment here is just 3.3% with Florida business expected to continue to grow, particularly in areas of professional and business, hospitality, and health services.

Fastest growing area in the nation is The Villages (in Florida). The Ft Myers area is 7th fastest growing in the country. Naples/Marco Island area is 19th.

Nation wide, real estate sales to foreign buyers is down 30%, but domestic buyers are picking up the slack. Overall, the economists expect 2020 to be very good to Florida.

Last night was the installation of 2020 officers and inaugural banquet.

At Florida Realtors, so far today, I attended the Professional Development Committee meeting (where our new instructors and classes were officially approved) and the Legal & Professional Update by Florida Realtors attorneys.

Next up are our District meeting and RPAC Jamboree. 

No Place Like Home

Seniors have lots of options to adapt their homes without a major remodel. The following was extracted from the January-February 2020 issue of “Realtor®” magazine:

“A lot of older adults aren’t going anywhere. Even the pools, gyms, coffee bars, and cooking classes at many senior living communities can’t persuade some to sell the house where they raised their families and accumulated a lifetime of memories and possessions. A full 76% of Americans age 50 and older say they want to remain at home throughout their golden years according to an AARP survey. So what are the smartest decisions people can make in pursuit of that goal?

“Most experts say anyone 55 years and older should plan their future living situation long before they have difficulty climbing stairs or stepping into a bathtub. Too often, people make changes in where they live only after a crisis like a serious fall or stroke – which compounds the stress on them and their family. A new category of home auditors can help clients analyze which modifications can be the most helpful. Daniel Edwards, owner of the Handyman Connection in Hanover, Pass., is developing a program to train people to conduct an aging-in-place analysis that includes a checklist of options.

“The movement to age is place is gaining attention from real estate practitioners and a bevy of other professionals, from designers and architects to health care advisors schooled in accessible design…. There are now “living laboratory” homes that allow people to see possibilities first-hand…. 

Design Modifications – Better Living design in Asheville, NC, and architect Jeffrey DeMure, author of Livable Design, recommend four steps to improve existing homes: putting essential spaces on a main level, including a first-floor bedroom; creating a zero-step entry; ensuring good interior air circulation; and improving kitchens and bathrooms….

Home Products – Apart from architectural and design changes, new products can make most facets of life easier for older homeowners. A stair or chair lift provides a relatively easy, affordable way to get to a 2nd or 3rd floor in a multilevel home or apartment…. And although remodeling a bathroom can become expensive… switching out a tub for a curbless shower with a bench is affordable and helps “avoid an accident waiting to happen”…. A heat lamp in a bathroom helps older adults cope with the common problem of feeling cold…. The latest technology – robotic vacuums and lawnmowers, security systems, and smart-home devices that control lighting and temperature – are also assets for coping with aging’s challenges….”

Sanibel & Captiva Islands Multiple Listing Service Activity January 17-24, 2020

Sanibel

CONDOS

4 new listings: Spanish Cay #H6 2/2 $549K, Loggerhead Cay 2/2 #542 $739K, Loggerhead Cay #191 2/2 $770K, Tarpon Beach #207 2/2 $1.099M (our listing).

5 price changes: Spanish Cay #F8 2/2 now $379K, Sandpebble #2F 2/2 now $439K, Loggerhead Cay #351 2/2 now $537K, Loggerhead Cay #223 2/2 now $597K, Pointe Santo #A1 2/2 now $875K.

4 new sales: Sanibel Moorings #311 2/2 listed at $599K, Loggerhead Cay #553 2/2 listed at $679K, Sundial #K103 2/2 listed are $889K, Plantation Village #312 3/2.5 listed at $1.44M.

4 closed sales: Sundial #H211 1/1 $360K, Ibis at The Sanctuary #B102 2/2 $468.5K, Sanibel Moorings #821 2/2 $575K, Compass Point #181 2/3 $1.175M.

HOMES

9 new listings: 560 Piedmont Rd 3/2 $460K, 1764 Bunting Ln 2/2 $489K, 9426 Beverly Ln 3/2 $599K, 6141 Henderson Rd 3/2 $675K, 4455 Gulf Pines Dr 3/2 $738K, 201 Violet Dr 3/2 $949K, 1437 Causey Ct 3/2.5 $1.05M, 790 Beach Rd 4/3.5 $1.449M, 6014 White Heron Ln 3/3.5 $1.749M.

13 price changes: 1027 Sand Castle Rd 2/2 now $474K, 730 Cardium St 2/2 now $569K, 1717 Sand Pebble way 3/2 now $629K, 4245 Gulf Pines Dr 3/2 now $675K, 701 Nerita St 3/2 now $724K, 1223 Par View Dr 3/2 now $755K, 822 Beach Rd 4/4 duplex now $819K, 1244 Par View Dr 4/3 now $849K, 215 Robinwood Cir 4/3 now $859K, 1285 Par View Dr 4/2.5 now $865.5K, 938 Pecten Ct 3/2.5 now $949K, 1081 Captains Walk St 4/2.5 now $1.185M, 1206 Bay Dr 4/4.5 now $3.424M.

4 new sales: 1851 Farm Trl 3/2 listed at $559K, 1348 Eagle Run Dr 3/3 listed at $998K, 911 Almas Ct 3/2.5 listed at $1.25M, 5250 Caloosa End Ln 3/2.5 listed at $1.389M.

2 closed sales: 932 Whelk Dr 3/3 $970K, 707 Anchor Dr 3/2.5 $1.15M.

LOTS

2 new listings: 486 Ponce De Leon Rd $223K, 6095 Dinkins Lake Rd $267,555.

3 price changes: 5847 Pine Tree Dr now $339K, 602 Boulder Dr now $399K, 4995 Joewood Dr now $2.6M.

No new or closed sales.

Captiva

CONDOS

No new listings.

2 price changes: Marina Villas #606 2/2 now $736K, Lands End Village #1629 2/2 now $1.3945M.

1 new sale: Captiva Shores #9 3/2 listed at $1.795M.

No closed sales.

HOMES

1 new listing: 15200 Captiva Dr 2/2 $1.1M.

No price changes or new sales.

1 closed sale: 16596 Captiva Dr 6/8.5 $5.15M.


LOTS

No new listings.

1 price change: 16151/16155 Captiva Dr now $5.9M.

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.

Until next Friday, Susan Andrews, aka SanibelSusan

Sure Doesn’t Feel Like January on Sunny Sanibel

Sea Oats

Another Friday has arrived. Since last week, the weather on Sanibel and Captiva Islands has continued to be summer-like. Days have been in the mid-to-high 70’s and low 80’s with plenty of sunshine and a few intermittent clouds. That is expected to change on Monday when a cool front arrives. Being originally from Maine, it still cracks me up when they say a cool-front is daytime temperatures in the 60’s – in January. That coolness may be short-lived though. Temperatures are expected to be back into the 70’s by Thursday.

Most years, island business picks up after January 15th, particularly when the snow is flying somewhere. This year there already has been good real estate action here. The changes reported since last Friday in the Sanibel/Captiva Islands Multiple Listing Service are after a couple of news items below. (First a picture from our friend, Scott, who shares his wonderful island photos.)

 

SZ6A6936

Sanibel & Captiva Islands Association of Realtors® Installation of 2020 Officers & Awards Breakfast

Sanibel realtors logoYesterday was the annual Islands Association of Realtors® installation of officers and awards breakfast at The Sanctuary. Florida Realtors® Director of Local Association Services, Anne Cockayne was the installing officer. Past-President Joel Goodman emceed, and I presented pal Mary Lou Bailey with her Realtor® Emeritus pin (She’s our third island Realtor® to reach this status – 40 years and an active leader.)

2020 BODOur local Honor Society recognized 25 members for their professionalism through education, participation, and community service (my 27th year), while six members completed the Sanibel & Captiva Islands Specialist program, earning their SCIS designation. Congratulations to all.

SanibelSusan Realty Associates

SanibelSusan Realty from Periwinkle WayThis week, SanibelSusan teammate Dave held several Open Houses and saw a noticeable increase in visitors. We also had some good listing inquiries and have future showings scheduled. Elise got a big post card mailing out and will process two more next week. I showed property last weekend, Dave is showing this weekend, and we also had a nice 2-sided closing Tuesday, which was the last island sale in 2019. Big thanks to Simmons Law for getting the needed court motion processed in time for the 14-day closing.

Outside-the-Box Mortgage Solutions

One of our long-time Association of Realtors® Affiliate Members, Dan Royal, sent an e-mail this week that caught my eye. Dan is a Mortgage Loan Originator with American Momentum Bank. He has been financing island real estate for as long as I can remember. Did a loan for my husband and I when we first moved to Sanibel – long before our first sale here. Here are excerpts from Dan’s email:

American_Momentum_Bank_Logo“$860,000 Sundial Resort Condo mortgage just funded! Non-warrantable condos welcome here. Fannie Mae has “in the box” strict guidelines. Our Portfolio Loans are “outside the box”:

 

 

  • 5% down to $1 million primary home purchase
  • Non-warrantable/resort condo 15% down
  • 0% down new professionals
  • Construction loans to $5 million
  • Foreign borrower loans to $3 million
  • Investor loans to $3 million.

“Please contact me if you need some out of the box mortgage solutions.”

Reach Dan at DRoyal@AmericanMomentum.Bank or toll free at 866-530-2265.

Joanna Gaines: Keep These Tacky Items Out Of The House

BridesBlushlogo_v2I saw this article on-line a few weeks ago but saved it for sharing after the holidays. It is long but has some interesting, sometimes funny, points. Written by JJ Foster, posted 11/26/19 on www.BridesBlush.com:

tacky-houses-joanna-101“The Fixer Upper Has Spoken – If there’s one person who knows what it takes to put together an awesome living room, then it’s Joanna Gaines. The reality TV personality has spent the last few years hosting the show Fixer Upper with her husband Chip. Together, they renovate and redecorate people’s homes and have helped take “Farmhouse-chic” to another level of popularity. However, with an eye for great decoration, Gaines also knows what interior designers should avoid doing. The living room is a place for play, relaxation and family time, and Gaines has shared some of the tackiest things that homeowners should keep out of their living rooms.

Fake Plants – Sure, real plants might attract a few creepy crawlies here and there, but there’s something about them that adds a whole lot of life to the living room. More often than not though, fake plants can stick out like a sore thumb and it’s clear that they are definitely not real. As far as Joanna Gaines is concerned, you’re better off having a living room without plants than one with fake ones. She thinks they are lifeless and extremely tacky.

Chintz Wallpaper – Chintz is a form of textiles that can trace its origins all the way back to India. However, the design, which consists of flowery patterns, is recognized these days for being used in the rooms of many bed and breakfasts, especially in the New England area. Joanna Gaines certainly doesn’t want people making their living rooms resemble anything like this. In fact, it’s more likely to look like the kind of building that contains a tomb from the 1500s.

Ruffled Furniture Skirts – While skirts are a perfectly acceptable clothing item for certain individuals to wear, furniture isn’t one of them. Anything that doesn’t have a heartbeat and is designed to be sat on in a living room shouldn’t be wearing a skirt. We’re looking at you, sofa, table, chairs and armchair. Ruffled skirts make a modern living room feel like it’s stuck in a much older era. Either expose those furniture legs or at the very least, give them a straight skirt instead.

Plastic Storage – So many families use plastic storage as a more affordable option of putting away stationary appliances, clothes and virtually anything else. However, there is something about seeing these structures in a living room that screams out, “I shouldn’t be here.” If it’s a child’s living room, then it might make a bit more sense. But if your kids are fully grown and you want a living room that blends luxury with sophistication, then this is not the way to go.

Bold-Colored Walls – Joanna Gaines can’t stand it when she walks into a living room and the walls have been painted in a really bold color. As a child, she remembered that the home her family moved into had the worst-looking walls imaginable and they needed to give them a completely new coat. Not only was the living room a disgusting lime-green color, but the dining room was in her words, “cherry-red.” If you’re living room looks like Sonic’s drive-thru menu, you know you’ve got problems.

“Bookcase Wallpaper – Joanna Gaines has lost count of the number of homes she has walked into and seen this kind of decoration plastered all over the back wall of the living room. Seriously, who are these people trying to fool? It is obviously not a real bookcase. If you want to show the world that you’re educated, get some shelves and put some books on them! The irony is that those who have this wallpaper probably don’t read that many books.

“Matching the Couch With Curtains – Joanna Gaines is a firm believer that curtains and couches shouldn’t be made from the same fabric – it just shouldn’t happen. However, this will be forgiven as long as they don’t share the exact same color or pattern. It’s important to diversify the living room, finding a balance between furniture that compliments each other, while also serving its own unique, aesthetic purpose. As far as the Fixer Upper is concerned, the living room should have a motif, not a uniform.

Mandala Tapestries – While many young people decorate their homes with mandalas, they don’t necessarily know the spiritual symbolism of this Eastern pattern. Then, there are people who discover the pattern later on in life and decide it’s a nice thing to display on one of the walls in their living room. Joanna Gaines thinks that if you don’t share the philosophy that the mandala is connected to, then it’s best to move on and decorate your living room with something a bit more understated.

White Rooms – While a white motif can be pleasant, you should never decorate your living room in just white. Fine, white walls can work, but think of it as a canvas in which you can add various other colors to it. At the end of the day, purely white rooms remind us too much of sterile hospitals, a place where people are often struggling to stay alive. Let’s not try to remind people of that in our living room. Also, it makes un-cleanable stains look so much more obvious.

Weird Lamps – If your living room lamp has more arms than your fake plant has branches, then you need to watch some episodes of Fixer Upper as soon as possible! It is very easy to get carried away with the design of a lamp. If your lamp resembles the Burj al-Arab or some other uniquely designed skyscraper, then something’s seriously wrong. Definitely avoid the lamps that have multiple bulbs with different colored light filters. Just go with a traditional lamp with a shade.

Cliché Art – While it’s perfectly normal to hang up art in the living room, Joanna Gaines hates it when people go for one of the most famous paintings and treats it like some sort of cool ornamental idea. If you are planning on hanging up a copy of Van Gogh’s Starry Night or Da Vinci’s Mona Lisa in your living room, then that’s a bad omen for the room in general. Why not go for a more obscure work of art by a famous artist? Stay original, folks.

Mounted Animal Heads – While many hunters hang animal skulls on their walls like some sort of bragging rights, many people who are not hunters buy them and hang them too. However, Joanna Gaines has her own thoughts on the matter. Whoever’s hanging these in the living room obviously has no idea what they are doing. If you are responsible for that skull, at least put it somewhere where it is not going to upset anyone. The Fixer Upper has spoken!

Futons – Unless you are between the age of 13 and 18 and frequently having friends over for slumber parties, a futon is no longer the way to go. By the time you have graduated from college and are out there in the real world, you should have enough funds to afford something a bit more elaborate than a futon. As we get older, it is our duty to outgrow certain things and futons should be, at the very least, the top five in that list.

Temporary Furniture – While the aim of temporary furniture is to make it look like something that is cool but also a work in progress, Joanna Gaines has zero-tolerance for the concept. As far as she’s concerned, this kind of furniture has no place in the living room and homeowners should just go with traditional furniture instead. She believes that temporary furniture only looks cool for a couple of days, that’s until it breaks for one reason or another – it’s too fragile!

Cluttered Cables – In the age of technology in which we live, it makes perfect sense to have a plethora of devices that have wires and cables hanging from them. This takes nothing away from the fact though that a pile of cluttered cables looks ugly on the eyes. A perfectionist like Joanna Gaines would never stand for such chaos in her living room, let alone anyone else’s. At the very least, hide those cables behind the TV table, away from visitors’ eyes.

Cheesy Photo & Picture Frames – There are so many accessories out there that people use to display family photos on. More often than not, the frame itself can distract the person away from what matters the most – the photo. With tons of cheesy imagery and buzz words on either side of the photo, these tend to just get in the way. At the end of the day, a photo needs a frame, not a dramatic canvas that might be telling a completely different story. Stick to a frame – plain and simple.

Plastic Couch Covers – People put plastic covers on their couches for a variety of reasons. While some apply them to prevent pets from causing damage to them, others use them so that they don’t spill something on them. Either way, a plastic couch cover is always for practical reasons, not aesthetic ones. It’s less to do with the fact that it looks tacky – it just looks terrible in any situation. At the very best, it looks like the scene of a crime.

Shot Glass Collections – Whether it be stamps, coins or Coca-Cola cans, everyone seems to have something they love to collect. However, we’d never advise hanging your collection up in the living room. Joanna Gaines especially detests it when people decide to show off their shot glass collection as some sort of living room ornament. While it may have impressed your friends back during the college years, it just looks kind of sad by the time you reach your mid-30s. Collect something new and hide it somewhere!

Gold Fixtures – There was a time that gold fixtures were a standard “fixture” in pretty much every other house, and that was back in the ’80s. For some reason, there are families who have hung onto those gold fixtures for the last 30 years and, unsurprisingly, they have weathered and no longer look as shiny and glorious as they used to. Maybe one piece of gold furniture here and there is acceptable, but gold motif for the living room is unacceptable unless you are a Saudi prince.

Pallet Coffee Tables – A trend that has been floating around the world of interior design is DIY pallet furniture. Better known for being used to transport large objects on forklifts, interior designs are now making pieces of furniture out of these wooden structures. One of the examples is the coffee tables which is made out of pallet. While some families might like their living rooms looking like a pile of lumber, Joanna Gaines wouldn’t be seen dead with this type of coffee table in her home.

Shag Carpeting – While some people might like the cosy feel that shag carpeting provides, Joanna Gaines is certainly not a fan. She believes that this design trend should have stayed in the ’70s where it belongs. She compared the texture and the appearance of shag carpeting to that of wigs. Moreover, she believes it would have the same effect if you laid some hairpieces on the living room floor instead. While it might be a matter of taste, this is not Gaines’ “cup of tea.”

Wood Paneling – There is something about wood paneling that just screams out a 1980s thriller, with the likelihood of someone in the family going on a violent rampage at some stage. Joanna Gaines believes that this style goes against what a living room represents – relaxation, fun and family time. Unless you actually live in a cabin in the woods, wood paneling is extremely dated and should have no place in any part of your home whatsoever, never mind your living room!

Curtain-less Windows – Seeing that we are encouraged to avoid using so much electricity and resort to natural lighting, you’d think that it would be recommended to refrain from applying curtains to your living room windows. A bit of natural lighting could do your home the world of good, right? Well, gone are the days that you can kick back with a tub of ice cream in private, people are always going to see what you’re doing as they walk past.

Blanket Ladders – If you want to have a living room that looks rustic, at least don’t make it look as if you’re trying so hard to be. One tacky design choice that is indicative of this is a blanket ladder. While these were more commonplace back in the 1800s or in one of the stories from Little House on the Prairie, some have decided to bring a ladder back and use it to hang blankets on in their living room. What’s wrong with just leaving them on the sofa?

Barn Doors – Our only theory for this one is that someone who was having way too much fun one night ended up trespassing on someone’s farm, stole a couple of barn doors and then woke up the next day with them leaning on the wall of their living room. While Pinterest has undoubtedly built up the hype of having barn doors in our homes, and Joanna Gaines is a farmhouse chic specialist, we have no interest. If it’s not being used in a barn, it shouldn’t be used.”

Sanibel & Captiva Islands Multiple Listing Service Activity January 10-17, 2020

realtor-mlsSanibel

CONDOS

4 new listings: Sanibel Arms #A7 1/1 $359K, Sanibel Moorings #1512 2/2 $549K, Loggerhead Cay #514 2/2 $1.045M, Sanddollar #C201 2/2 $1.199M.

6 price changes: Sanibel Inn #3514 2/2 now $725K, Sand Pointe #227 2/2 now $739K, Pointe Santo #D32 2/2 now $749K, Oceans Reach #3A1 2/2 now $894.9K, Sundial #E108 3/2 now $1.225M, La Playa #B1 3/2 now $1.299M.

4 new sales: Sandpebble #1A 2/2 listed at $439K, Blind Pass #F204 2/2.5 listed at $445K, Sanibel Shores #A2 2/2 listed at $459K, Sand Pointe #227 2/2 listed at $739K.

No closed sales.

HOMES

7 new listings: 1667 Atlanta Plaza Dr 2/2.5 $439K, 1339 Tahiti Dr 3/2 $540K, 1774 Bunting Ln 3/2 $659K, 1068 White Ibis Dr 3/3 $759K, 940 Lindgren Blvd 3/2 $948K, 5633 Baltusrol Ct 4/4.5 $1.949M, 1314 Seaspray Ln 5/5.5 $6.995M.

13 price changes: 1684 Bunting Ln 2/2 now $489.5K; 430 Old Trail Rd 3/2.5 now $547K; 1536 Bunting Ln 3/2 now $588,595; 433 Lake Murex Cir 3/2 now $629K; 678 Durion Ct 3/2 now $649K; 1567 Sand Castle Rd 3/3 now $799K; 5659 Sanibel-Captiva Rd 2/2 now $800K; 1010 Kings Crown Dr 3/3 now $997K; 2857 Wulfert Rd 4/5 now $1.199M; 1671 Hibiscus Dr 5/3 now $1.249M; 1133 Golden Olive Ct 3/3.5 now $2.269M; 3009 Turtle Gait Ln 4/4.5 now $2.595M; 5145 Joewood Dr 5/4.5 now $2.75M.

6 new sales: 1458 Sandpiper Cir 3/2.5 half-duplex listed at $489.9K, 4619 Brainard Bayou Rd 3/2 listed at $595K, 668 Anchor Dr 3/2 listed at $958.5K, 2739 Wulfert Rd 4/5.5 listed at $1.375M, 228 Violet Dr 4/2/2 listed at $1.749M, 5618 Baltusrol Ct 4/4/2 listed at $2.195M.

7 closed sales: 401 Raintree Pl 3/1.5 412.5K; 1558 Sand Castle Rd 3/2 $565K (our listing & sale); 238 Daniel Dr 3/2 $747,126; 245 Christofer Ct 3/2 $750K; 1121 Skiff Pl 3/3 $985K; 526 N Yachtsman Dr 3/2 $995K; 572 Kinzie Island Ct 5/5 $2.15M.

LOTS

1 new listing: 1331 Par View Dr $349K.

1 price change: 1837 Buckthorn Ln now $599K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Lands End Village #1667 2/2 now $1.189M.

No new sales.

1 closed sale: Bayside Villas #4212 1/2 $345K.

HOMES

3 new listings: 15000 Binder Dr 3/2 $1.325M, 16801 Captiva Dr 5/5 $2.295M, 16531 Captiva Dr 8/8 $2.85M.

No price changes or new sales.

2 closed sales: 11509 Chapin Ln 4/4 $1.325M, 11559 Laika Ln 2/2/2 $4.25M.

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.

istockphoto-512459044-612x612Until next Friday, enjoy your weekend!

Susan Andrews, aka SanibelSusan

Gotta Love Sanibel Snowmen – It’s Breezy & 76 Degrees F at 3 p.m.

Sanibel snowman

Following a big exodus over the weekend when many holiday visitors headed back home, this week, the islands settled into a more routine “season” traffic pattern. That was except for an accident on the causeway late Monday afternoon that resulted in a huge backup. I was meeting friends for dinner at Traders at 6:30 so left the office at 5:30 thinking that would give plenty of time. By then, Sanibel’s traffic webcams and social media postings indicated that the damaged vehicles had been removed, so since Periwinkle in front of the office wasn’t moving, I headed toward Tarpon Bay Rd. Clear sailing on Tarpon Bay Rd to Middle Gulf Dr. I made it just past Casa Ybel Resort when I got stuck. From there, it took 50 minutes to get to Traders, a mere 1.1 miles (normally 2 minutes) away.

So, if you are on the islands in the winter, please remember that it doesn’t take much to disrupt travel plans. As Realtors®, we plan our showing routes from east to west – or west to east – depending on the time of day. It’s good to plan right-hand turns too. If you get stuck, check the web cams at http://www.mysanibel.com/Live-Street-Cams. But, when using your phone, be aware of the new Florida law. (More info about that in one of the news items below.)

After that news is the island activity this week posted in the Sanibel & Captiva Islands Multiple Listing Service. Next Thursday is our local Association of Realtors® membership breakfast at The Sanctuary, followed by annual awards and the installation of 2020 officers.

2020 Change in Jumbo Loan Baseline

lake michigan credit union logoAt our Sanibel & Captiva Islands Association of Realtors® Caravan Meeting yesterday, local lender Dan Krispinsky of Lake Michigan Credit Union announced a change in the baseline loan limit for a jumbo loan.

In 2020, the baseline loan limit for most counties across the U.S. will be $510,400, an increase from the 2019 cap of $484,350. More expensive markets, such as New York City and San Francisco, have conforming loan limits as high as $765,600. Anything above these maximum amounts would be considered a “jumbo” mortgage.

2020 Brings Remote Notaries, Lower Taxes, Texting Bans

Florida Realtors logoPosted this week on-line by FloridaRealtors®: “It’s now easier and more convenient to close deals between distant buyers and sellers thanks to new remote notary laws, and the business rent tax cut will save businesses an estimated $65 million in 2020. However, it’s now illegal statewide to text while driving.

“TALLAHASSEE, Fla. – A handful of laws went into effect on Jan. 1, 2020, that will positively impact the real estate industry – and one law that affects Realtors who try to accomplish texting business while driving.

“Online remote notaries – State law caught up with technology on Jan. 1, 2020, with the approval of online remote notaries. Many states already allow the use of online remote notaries in real estate transactions, and the change will make it notably easier, faster and more convenient to close real estate transactions when the buyer and seller can’t be in the same room. The new law stems from HB 409, which the Florida Legislature passed last year.

“Business rent tax – Florida Realtors has advocated for cuts to the state’s business rent tax for many years, and another cut became effective on Jan. 1 – 0.2% this time. Businesses throughout Florida will save more than $65 million each year. The new state tax rate on commercial leases is now 5.5%, down from 5.7% in 2018 and 6% in 2017. Other parts of the business-rent-tax bill passed in 2019, HB 7123, have already taken effect, including the August 2019 sales tax holiday on hurricane preparedness supplies. Florida economists projected shoppers saved about $41.7 million during the sales-tax holiday.

“Texting while driving – It’s been illegal to text while driving in Florida since July 1 – but on Jan. 1, 2020, officers will stop writing warnings and start writing tickets. A first offense is $30; a second is $60 ($158.18 with court costs) if it happens within five years. While texting was a secondary offense in the past, officers can now stop a driver who is otherwise obeying traffic laws if they’re seen texting. In addition, motorists can’t use phones for texting or any reason, including hand-held talking, when driving in school and work zones. While hands-free talking is allowed in cars equipped with the skill, officers can stop drivers if they see a phone in a motorists’ hand.”

Recycle Drop-Off for Electronics

recycle logoAs posted in today’s “Island Sun”: “The Green Team of Sanibel Congregational United Church of Christ’s is holding an electronic recycling drop-off on Saturday, January 18 at 1 p.m. This is part of the Green Team’s ongoing efforts to address environmental concerns not only on Sanibel but beyond. This is open to the public and there is no cost.

“The drop-off will take place in the parking lot of the church, located at 2050 Periwinkle Way, across from Periwinkle Place. Computer Medics of Southwest Florida will be at the church to collect these items.

“Bring items in small cardboard boxes, placing in separate boxes things that work and things that don’t. Mike Peterson of Computer Medics of Southwest Florida will destroy all personal and business data on any drives. Afterwards, he will donate any working computers to Komputers for Kids, and all non-working items will be appropriately recycled.

“Items that can be recycled included: electric wire, mouse and keyboards, laptops, notebooks, computer towers, battery backups, hard drives, flat panel monitors, lithium batteries, automotive batteries, cell phones, medical test and monitoring equipment, gaming devices, florescent light ballasts, circuit breakers and panels, and starters and alternators.

“The only electronics that cannot be accepted are glass-screen CRT televisions and monitors, LED and LCD televisions, printers and copiers. For a complete list of what can and cannot be recycled, visit the church’s website at http://www.sanibelucc.org or call the office at 472-0497 for a list to be emailed to you.

“In the U.S. alone, we throw away over 400 million electronic items, and that number is growing two or three times faster than other municipal waste. Harmful chemicals released from incinerators and leached from landfills can contaminate air and groundwater. Typically, most electronic waste goes either into landfills, or is sent to developing countries where due to little or no regulation, workers are at health risks as well as face safety issues posed by their improper recycling and disposal methods.

“Computer Medics of Southwest Florida’s recycler, Brian Slager of eScrap Recycling, does not send anything to other countries, to prisons, or to landfills. He reuses everything he takes, and his recycling service complies with all local, state and federal regulations.”

BIG ARTS Happenings

I drove by the new building at BIG ARTS yesterday and it is getting close to be finished. The Community Chorus had their first rehearsal of the year Tuesday night (those are at Strauss Theater until construction is complete at the BIG ARTS campus). It is not too early to mark your calendars for our spring Community Chorus Concerts which will be in the new performance hall on two nights, April 1 and 2, at 7 p.m.

big arts logoSingers also are looking forward to the BIG ARTS Open House on Saturday afternoon, January 25, from noon to 4 p.m. when the public is invited to tour the new facility. The Open House is free and will feature live music by both Island Jazz and the BIG ARTS Community Bands, and the Community Chorus. Guests will be able to tour the garden area, art gallery, and experience the new state-of-the-art performance hall.

Island Jazz will perform in the garden. The gallery will be featuring the first fine arts exhibit of the year, “Time for Joy” by renowned artist Mally Khorasantchi. From 1 to 2 p.m. in the performance hall, the Community Chorus will perform, while the finale is the BIG ARTS Concert Band at 3 p.m.

Throughout the afternoon, guests will be able to move freely around the facility and enjoy BBQ chicken and pork sliders, potato salad and coleslaw as they take in the sights and sounds of the day. To learn more about the new home of BIG ARTS and the “2020 Dream Season” visit www.BIGARTS.org or call 239-395-0900.

The night before is BIG ARTS gala grand-opening fundraiser to complete the final phase of the building fund. Tickets are limited for this Friday night event which includes a gourmet dinner and music by The Temptations. Reservations for the fundraiser are needed and by phone only at 239-395-0900.

Sanibel & Captiva Islands Multiple Listing Service Activity January 3-10, 2020

Sanibel realtors logoSanibel

CONDOS

7 new listings: Captains Walk #C3 1/1 $279K; Blind Pass #B205 2/2.5 $469K; Sundial #C301 1/1 $469.9K; Sundial #F108 1/1 $475K; Lighthouse Point #120 3/2 $625K; Villa Sanibel #2H 2/2 $727,007; Tantara #203 3/2 $1.289M.

12 price changes: Sanibel Arms #C7 1/1 now $376K; Sandpebble #1A 2/2 now $439K; Seawind #A107 2/2.5 now $570,007; Sunset South #A11 2/2 now $599K; Loggerhead Cay #222 2/2 now $637K; Kings Crown #112 2/2 now $679K; Signal Inn #14 2/2 now $719K; Oceans Reach 4C1 2/2 now $869K; Oceans Reach #4D1 2/2 now $875K; Sanibel Surfside #132 2/2 now $899K, Gulfside Place #222 2/2 now $1.297M (our listing), La Playa #1B 3/2 now $1.299M.

3 new sales: Mariner Pointe #1051 2/2 listed at $499K, Mariner Pointe #721 2/2 listed at $534K, Surfside 12 #A1 3/2 listed at $734K.

1 closed sale: Loggerhead Cay #134 2/2 $960K.

HOMES

9 new listings: 1851 Farm Trl 3/2 $$559K; 9307 Dimmick Dr 3/2 $720K; 1085 Sand Castle Rd 3/2 $725K; 5834 Pine Tree Dr 799,555; 1220 Sand Castle Rd 3/2 $849K; 1606 Sabal Sands Rd 3/2 $899.9K; 250 Hurricane Ln 3/2.5 $1.049M; 355 East Gulf Dr 3/2 $1.149M; 1349 Bay Dr 4/4 $8.125M.

13 price changes: 1856 Ardsley Way 3/2 now $515K, 1890 Farm Trl 3/2 now $560.4K, 730 Cardium St 2/2 now $574K, 1954 Roseate Ln 3/2 now $585.9K, 610 Hideaway Ct 3/2.5 now $609K, 1925 Roseate Ln 2/2 now $639K, 701 Nerita St 3/2 now $734K, 1567 Sand Castle Rd 3/3 now $799K, 911 Almas Ct 3/2.5 now $1.25M, 4954 Joewood Dr 3/2 now $1.35M, 4630 Rue Bayou 4/4.5 now $1.389M, 1898 Woodring Rd 2/2 now $2.65M, 4709 Rue Belle Mer 3/2 now $2.999M.

5 new sales: 325 East Gulf Dr 1/1 listed at $509K, 513 Lake Murex Cir 3/2 listed at $688K, 592 Sea Oats Dr 3/2 listed at $989.5K, 526 N Yachtsman Dr 3/2 listed at $995K, 1717 Venus Dr 3/2.5 listed at $1.199M.

No closed sales.

LOTS

No new listings.

1 price change: 1246 Seagrape Ln now $2.789M.

No new or closed sales.

Captiva

CONDOS

1 new listing: Lands End #1634 3/3 $2.395M.

2 price changes: Tennis Villas #3120 1/1 now $318K, Lands End Village #1667 2/2 now $1.194M.

1 new sale: Tennis Villas #3137 2/2 listed at $474K.

No closed sales.

HOMES

1 new listing: 16727 Captiva Dr 5/4 $1,999,999.

1 price change: 16525 Captiva Dr 3/4 now $1.459M.

3 new sales: 11501 Laika Ln 3/3 listed at $1.275M, 15831 Captiva Dr 2/2.5 listed at $3.7M, 15819 Captiva Dr 5/5 listed at $9.1M.

1 closed sale: 14980 Binder Dr 4/4 $2.368M.

LOTS

1 new listing: 925 South Seas Plantation Rd $5.899M.

No price changes, 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.

Sanibel beach pix

Until next Friday, hope to see you at the beach!

Susan Andrews, aka SanibelSusan

Almost 2020 On Sunny Sanibel

2017 New Year PixSanibel and Captiva Islands are busy with lots of holiday vacationers. The weather certainly has been wonderful for them with mostly sunny days and temperatures in the mid- to high-70’s, while down into the 60’s at night. Restaurants are reporting waits – so if you are here, be sure to make dinner reservations.

The team advised that yesterday was their first winter 1-hour trek getting off-island at 5 p.m. “Yes, they take the back way.” It’s that time of the year when we plan our travel … by turning right … and allowing plenty of time.

More visitors are expected to arrive tomorrow during Saturday arrivals at weekly rental properties. I will be out during turn-overs showing a few 3-bedroom condos. We had multiple requests for big condos this week. Though, there are 130 Sanibel condos currently for sale, larger units are hard to come by. Those looking for gulf-front 3 bedrooms, there are six available in residential complexes and another seven in complexes that rent weekly. If you want a condo in a particular complex, let us know and we’ll do our best to snoop one out.

Island Sales Stats

sancap GO MLS logoWith it almost the end of the year, below is a snapshot of the Sanibel and Captiva market today. There is plenty of inventory, but we are looking for new listings so please keep us in mind if you know someone thinking of selling.

The below data from the Sanibel & Captiva Islands Multiple Listing Service is as of today, 12/27/19. The activity posted for the last two weeks in the MLS follows a couple of news items:

SANIBEL Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 130 806,859 195 1,380,871 72 717,724
Under contract 18 821,555 20 913,575 2 1,672,450
Closed this year 123 701,250 207 954,957 15 372,200
Closed in 2018 155 720,617 218 1,112,748 21 602,095
Closed in 2017 140 728,793 186 1,004,237 32 327,229

 

CAPTIVA Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 39 1,140,478 43 3,220,111 4 3,397,250
Under contract 2 514,450 5 3,518,599 0 N/A
Closed this year 29 1,037,077 16 2,808,597 1 1,375,000
Closed in 2018 27 797,532 25 2,127,352 0 N/A
Closed in 2017 34 671,551 22 2,457,023 2 2,312,500

New Year Events

sundial-logoNew Year’s Eve Shellebration at Sundial Beach Resort & Spa with island-style buffet, stilt walker, fire dancer show, games, pie-eating contest, DJ & live entertainment, face painting, fire pit s’mores, free throw contest, WII dance, wishing tree, corn hole, countdown toast. Reservations needed 800-838-3006.

2015 polar bear plunge20th Annual Polar Bear Plunge at noon Jan 1 at Tarpon Bay Beach at 111 Tarpon Bay Rd. Sign in and song sheets available at 11 a.m. Wear a bathing suit and bring a towel, chairs and coolers optional.

Study: Lots of Listings Coming as Baby Boomers Age

From FloridaRealtors®: “Boomers own about 1/3 of all U.S. properties and 27% of them will sell their home within the next 20 years – but some metros will feel the impact more than others.

Florida Realtors logo“SEATTLE – Builders have struggled to overcome land scarcity and rising labor costs and materials. But a flood of homes will come on the market over the next 20 years as baby boomers age – enough to affect local economies in traditional retirement areas.

“Northerners are struggling. They love winter sunshine and low taxes, but a decision to move 1,000 miles to Fla. isn’t easy. Will homesickness set in? How much does a trip “back home” to see family cost? And how much tax savings are we talking about?

“The boomer generation, once 76 million strong in the U.S., dwarfed the 55 million Gen-Xers and 62 million millennials it preceded. Today, the 60-and-older generation owns about a third of America’s homes, and a new analysis by Zillow attempts to show how their aging will impact the housing market.

“The study predicts that a “Silver Tsunami” of sellers will build slowly as the number of adults aged 60 or older pass away each year. However, a rise is expected in the 2020s and 2030s.

“In the decade from 2007 to 2017, roughly 730,000 U.S. homes were released into the market each year by seniors aged 60 or older. From 2017 to 2027 and from 2027 to 2037, that number is set to rise to 920,000 and 1.17 million per year, respectively. This means more than 27% of today’s owner-occupied homes will become available by 2037.

“While virtually all areas will feel the effects to some degree – between one-fifth and one-third of the current owner-occupied housing stock was impacted in every metro analyzed – the wave won’t hit all at once and won’t strike all markets equally.

“Retirement hubs like Florida and Arizona are likely to feel the sharpest impact. If demand erodes because fewer people choose to retire there in the coming years, those areas might end up with excess housing. Also heavily impacted will be regions like the Rust Belt, which saw younger people move away in recent decades, leaving older generations to make up a larger share of the population.

“Some regions will be far less affected. These include Salt Lake City, where a much smaller share of homeowners are in their golden years, as well as Atlanta, Austin, Dallas and Houston – all of which are vibrant but relatively inexpensive places that tend to attract younger residents looking for an affordable alternative to expensive coastal cities.

“Still, the differences in the share of homes released by seniors among metros are small compared to the differences within them. Palm Springs, for example, will see 45% of its owner-occupied homes vacated by 2037, compared with 23.8% of the combined L.A.-Riverside metro area overall. El Mirage and Sun City figure to see nearly two-third of their homes available, compared with 28.2% of the Phoenix area at-large.

“Housing released by the Silver Tsunami – upwards of 20 million homes hitting the market through the mid-2030s – will provide a substantial and sustained boost to supply, comparable to the fluctuations that new home construction experienced in the 2000s boom-bust cycle. Whether this housing is appropriately located, priced and styled to meet future demand, however, will be an important factor in how it pairs with new construction to alleviate today’s housing shortage.

“It seems likely, however, that the construction industry will, over the next 20 years, start to put a greater emphasis on updating existing properties rather than building from the ground up.” © 2019 Florida Realtors®

Sanibel & Captiva Islands Multiple Listing Service Activity December 13-20, 2019

Sanibel

CONDOS

4 new listings: Captains Walk #B3 1/1 $239.9K, Sandpebble #4E 2/2 $489K, Cottage Colony West #134 1/1 $614.5K, Blue Gulf #201 3/2 $1.398M.

5 price changes: Sanibel Arms #B1 1/1 now $449.9K; Seawind #A107 2/2.5 now $574,777; Mariner Pointe #421 2/2.5 now $639K; Heron at The Sanctuary #3B 3/2.5 now $818K; Sanctuary Golf Villages #1-4 3/3 now $838.5K.

3 new sales: Sundial #H211 1/1 listed at $395K, Sundial #C204 1/1 listed at $480K, Loggerhead Cay #134 2/2 listed at $995K.

3 closed sales: Seashells #15 2/2 $425K; Sanctuary Golf Villages #5-1 2/2.5 $736,750; White Pelican #114 2/2 $830K.

HOMES

9 new listings: 569 Lake Murex Cir 3/2 $499.5K; 1845 Ardsley Way 3/3 $599,555; 2065 Wild Lime Dr 3/2.5 $639K; 9418 Moonlight Dr 3/2 $699K; 238 Daniel Dr 3/2 $777,126; 215 Robinwood Cir 4/3 $884,488; 2417 Wulfert Rd 3/3 $1.089M; 707 Anchor Dr 3/2.5 $1.175M; 5618 Baltusrol Ct 4/4/2 $2.195M.

10 price changes: 1954 Roseate Ln 3/2 now $594K, 513 Lake Murex Cir 3/2 now $709K, 405 Tiree Cir 3/2 now $735K, 1351 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex now $765K, 1410 Sanderling Cir 3/2 now $835K, 5422 Shearwater Dr 3/2.5 now $899K, 1345 Eagle Run Dr 3/2.5 now $1.049M, 1560 Royal Poinciana Cir 3/2 now $1.05M, 1283 Isabel Dr 3/2 now $1.1M, 500 Sawgrass Pl 8/8/3 now $2.85M.

4 new sales: 257 Daniel Dr 3/2 listed at $750K, 245 Christofer Ct 3/2 listed at $799K, 982 Whelk Dr 3/2.5 listed at $1.15M, 707 Anchor Dr 3/2.5 listed at $1.175M.

5 closed sales: 706 Nerita St 3/2 $774K, 9436 Yucca Ct 3/2 $839K (our buyer, available as a seasonal rental with Sanibel Holiday, called Annabel’s Cottage), 1243 Sand Castle Rd 4/4 $980K, 758 Sand Dollar Dr 3/3 $1.285M, 5723 Baltusrol Ct 4/4.5 $1.8M.

LOTS

1 new listing: 255 Hurricane Ln $399K.

1 price change: 1292 Par View Dr now $349K.

1 new sale: 1800 Woodring Rd listed at $2.595M.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Gulf Beach Villas #2112 1/1 now $510.9K.

1 new sale: Bayside Villas #4212 1/2 listed at $368.9K.

1 closed sale: Ventura Captiva #2B 3/3 $875K.

HOMES

No new listings.

2 price changes: 11540 Laika Ln 3/2.5 now $1.299M, 11504 Wightman Ln 4/3.5 now $1.5999M.

No new or closed sales.

LOTS

Nothing to report.

Sanibel & Captiva Islands Multiple Listing Service Activity December 20-27, 2019

Sanibel

CONDOS

2 new listings: Mariner Pointe #1051 2/2 $499K, Oceans Reach #4D1 2/2 $898.5K.

1 price change: Cottage Colony West #101 1/1 now $595K.

2 new sales: Sandpiper Beach #203 2/2 listed at $699K, Sanibel Moorings #1111 2/2 listed at $ 947K.

3 closed sales: Seashells #37 2/2 $405K, Sanibel Siesta #108 2/2 $570K, Kings Crown #213 2/2 $755K.

HOMES

4 new listings: 970 Black Skimmer Way 2/2 $636K, 930 Kings Crown Dr 3/2 $1.295M, 912 Kings Crown Dr 3/3.5 $1.445M, 1480 Middle Gulf Dr 4/4/2 $1.65M.

4 price changes: 9448 Begonia Ct 3/2.5 now $549K (our listing), 1717 Sand Pebble way 3/2 now $635K, 1567 Sand Castle Rd 3/3 now $849K, 2391 Shop Rd 3/2.5 now $1.875M.

Image 3 c.jpg

9448 Begonia Ct in Gumbo Limbo

3 new sales: 569 Lake Murex Cir 3/2 listed at $499.5K, 1269 Par View Dr 3/2.5 listed at $1.099M, 1525 San Carlos Bay Dr 3/2 listed at $1.4695M.

6 closed sales: 1805 Ibis Ln 2/2 $515K, 1585 Bunting Ln 3/2 $545K, 6447 Pine Ave 3/2.5 $552.5K, 1418 Sanderling Cir 3/3 $599.5K, 9440 Cotten Ct 3/2 $617.5K, 707 Cardium St 3/2 $685K.

LOTS

No new listings or price changes.

1 new sale: 2510 Coconut Dr listed at $749.9K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5316 3/3 listed at $660K.

1 closed sale: Captiva Hide-a-Way #2D 2/2 $835K.

HOMES

3 new listings: 11521 Laika Ln 3/3 $1.385M, 15843 Captiva Dr 3/3 $7.489M, 16500 Captiva Dr 6/6/2 $7.989M.

2 price changes: 11525 Wightman Ln 3/2 now $1.225M, 11504 Wightman Ln 4/3.5 now $1.5999M.

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.

IMG_9002

Granddog, Bella, checking out the office Christmas tree!

Best wishes for a wonderful New Year!

Susan Andrews, aka SanibelSusan