Counting Down to July 4th on Sanibel & Captiva Islands

Posted on June 28, 2013 by SanibelSusan

A fond memory from the 2003 Sanibel parade

There was probably what is best referred to as a modest amount of visitor traffic on the islands this week – really pretty quiet – until today, that is, when the holiday visitors began arriving. Many businesses are starting to break out their red-white-&-blue with expectations that more vacationers will fill accommodations over the 4th holiday. Most of those coming for a week will arrive tomorrow.

Weather-wise, it has been typical summer all week with bright sunny days in the high 80’s/low 90’s followed by afternoon thunderstorms – though some days those don’t make it onto the island. More of the same is expected next week.

Real Estate News

Our newest listing at 9477 Peaceful Drive

As the report of the activity posted this week in the Sanibel and Captiva Multiple Listing Services below shows, there were just a couple of new listings on Sanibel this week and several more closings. (We received a new home listing, just this afternoon, which is why this blog is being posted a little late today. That new business comes first!)

Many of the sales contracts written during high season are scheduled to close today and early next week, so by next week’s blog, I should be able to report solid data on where our market stands at the half-year mark. It will be good news!

Holiday Happenings on Sanibel Island

Teammates Dave & Elise getting holiday ready in 2011

Here is a list of the Independence Day events, all on Thursday, July 4th:

23rd Annual Independence Day Parade starts at 9:30 a.m. at Island Inn Road and Tarpon Bay Road and runs along Periwinkle Way to Casa Ybel Road. The theme is “American Hometown Pride” with nine categories to be judged. Parade t-shirts for sale along the route.

Post-parade refreshments and water at Jerry’s Foods across from where the parade ends with free hot dogs, soda, and snow cones. Also water slides, dunk tank, face painting, and bounce house, all to benefit the Boy Scouts of America.

34th Annual Road Rally organized by the San-Cap Optimist Club begins at noon at Timbers Restaurant/Sanibel Grill parking lot and ends there for an “afterglow” party. Teams puzzle out clues which follow a prescribed driving course around the island. Prizes will be awarded for best decorated vehicle, correct time, mileage, and the most correct answers to a quiz about things seen along the route. Proceeds go to fund college scholarships.

Fireworks Party 2013 at The Dunes Golf and Tennis Club from 4 to 9 p.m., with food and beverage tickets for sale. Offerings include pig roast, grilled hot dogs, hamburgers, and chicken, plus putting contest and children’s games.

Fireworks will go off at dusk, as usual at the end of Bailey Road over San Carlos Bay.

Local Realtors® Get Legal Update

Margy Grant, Vice President and General Counsel for Florida Realtors®, was on the island this morning giving our Sanibel and Captiva Islands Association of Realtors® members a legal update on a variety of subjects. It is always a treat for us to have members of Florida Realtors® staff here, when we can learn from their experiences at both the state and national level, plus get answers to our own specialized questions. Margy’s presentation covered such relevant topics as Realtors® IDX (Internet Data Exchange), the National Flood Insurance Program, short sales, upcoming contract form changes, advertising, and the various policies needed when working with social media. Florida Realtors® Legal Hot Line – which is one of her responsibilities – is a terrific resource for our members whenever we have questions about a specific issue. These lines are manned by attorneys. More than 50,000 questions are fielded each year. I look forward to seeing Margy and her team again in August during our annual committee meetings, convention and trade show.

Exciting News from BIG ARTS

This week, fellow BIG ARTS members received a mailing from their President which discussed the Board of Directors recent meeting about the organization’s future direction. The letter said that for several years, the Board has seen the need to expand their educational offerings to meet the demands of their more than 1250-member families, to support the over 40,000 attendees who enjoy their music, dance, theater, film, lecture programs, youth camp, and special events, and the 7500+participants in their workshops and enrichment programs. It was hoped that their existing facilities which are on City property could be improved to meet their expansion requirements, but it seems that due to construction constraints, this is not the case.

The letter further went on to say “simultaneously with our own study, the City of Sanibel began to evaluate how to better integrate various arts and education activities into a “civic core” that would include 25 acres of City-owned land on Dunlop Road east of the library where the public works department is currently located. BIG ARTS Board of Directors met recently to consider the new direction. Mayor Kevin Ruane joined the meeting and described the City’s vision and plan. After discussion and deliberation our Board voted unanimously to work with the City on a new home in the civic core.”

A letter attachment prepared by the Barrier Island Group for the Arts and Toppe Consultants, Inc. (architects, planners, theater consultants) describes their “Needs Assessment” and was submitted to the City to document BIG ART’s vision and needs. “BIG ARTS is excited about the possibilities for their members and patrons and for the community as a whole.” Over the summer, they will be working with the City on a master plan for the new center.

City Manager, Judie Zimomra, posted some Facebook photos this week taken during the first of those meetings. How exciting is that?

As a long-time singer with the BIG ARTS Community Chorus which has grown to so many members that we no longer fit on the stage in Schein Performance Hall, I am excited too! Stay tuned.

The State of the Nation’s Housing 2013

The State of the Nation’s Housing report was posted on line this week. This report has been produced annually since 1988 by Harvard University’s Joint Center for Housing Studies. Here’s some info from its “fact sheet” – or read the full report at http://www.jchs.harvard.edu/research/state_nations_housing

“Now in its 25th year, it (this report) continues to serve as an essential resource for both public policy makers and private decision makers in the housing industry. This year’s report provides a current assessment of the state of the housing market and the foreclosure crisis; the economic and demographic trends driving housing demand; the state of mortgage finance; and ongoing housing affordability challenges.

“Findings

LONG-AWAITED HOUSING RECOVERY TOOK HOLD IN 2012

Rising Home Prices and Rents are Clearest Sign of Recovery

After across-the-board declines in 2011, all major house price indexes registered significant increases in 2012.
By March 2013, the median house price in the United States was up 11.6% year over year.
As of April 2013, home prices were up year over year in all but two states and in 94 of the 100 metropolitan areas tracked by CoreLogic.
Between the fourth quarter of 2011 and the fourth quarter of 2012, the number of underwater homeowners fell 1.7 million, to 10.4 million.
April 2013 marked the 34th consecutive month of growth in rents as measured by the consumer price index and the 15th consecutive month of year-over-year increases of 2.5% or more….”

Doc Ford’s Scoop

Now that high season is over, the local worker bees, like me, in need of a “quick lunch” are back to patronizing the local eateries. When at Doc’s Ford’s Sanibel location this week, I got a little scoop on their new restaurant under construction out on Captiva. Staff members are excited about how well the work is progressing on that all-new restaurant just outside the entrance to South Seas Resort at 5400 Plantation Road (former location of Holy Smoke Heavenly Barbeque, Chadwick’s Restaurant before that). Called Doc Ford’s Captiva Rum Bar & Grille, it sounds like it will probably be opening soon, most likely in August. New servers are being trained now and it sounds like it will have the same popular menu as Doc’s other locations.

Improve a Cell Phone’s Weak Signal

“Daily Real Estate News” on-line posted an article yesterday about dropped calls or weak connections which are common cell phone complaints. A recent article in The New York Times highlighted some ways signal strength may be improved. Those living on Sanibel’s east end – like me – are familiar with the areas where phone signals are not good. I have successfully used one of the remedies (a 3G MicroCell) suggested in this article, so hopefully by repeating that info here, it will help someone else too.

“If you don’t receive a good signal indoors, check with your cell phone carrier. All major carriers sell a device or technology that allows access to the standard cellular network via a home’s broadband connection (such as AT&T’s 3G MicroCell or Verizon’s Network Extender). You just plug the device into your router and it can potentially help to improve your connection quality as much as five bars.

“T-Mobile offers Wi-Fi Calling, which allows users to make calls over a Wi-Fi network when cell reception is poor. But an iPhone would not work with this system; you need a Wi-Fi Calling-capable phone to use it, such as an Android or BlackBerry.

“Signal boosters may also help. Boosters can amplify signal strength, but the hardware is bulky. The benefit with this option is that boosters don’t require you to have a certain carrier in order to add them.

Phone carriers are debuting HD Voice, boasting that it can reduce background noise and improve voice calls so it’s like talking to someone on a landline. But the technology is in its infancy. It’s currently only delivered on certain phones, and will only work over LTE networks with some carriers.”

Source: “Remedies for Better Cellphone Signal and Quality,” The New York Times (June 26, 2013)

Sanibel & Captiva Islands Multiple Listing Service Activity June 21 to July 5

Sanibel
CONDOS
2 new listings: Spanish Cay #D4 2/2 $325K, Coquina Beach #4F 2/2 $439.9K.
2 price changes: Sandpiper Beach #103 2/2 now $589K, Kings Crown #313 2/2 now $590K.
4 new sales: Captains Walk #A2 1/1 listed for $175K, Mariner Pointe #1083 2/2 listed for $399K, Signal Inn #12 1/1 listed for $419K, Sundial #E308 2/2 listed for $835K.
11 closed sales: Sanibel Arms West #M3 2/2 $385.5K, Sanibel Arms West #M2 2/2 $375K, Sanibel Arms West #H2 2/2 $435K, Lighthouse Point #230 2/2 $465K, Sundial #L202 2/2 $489K, Nutmeg Village #202 2/2 $585K, Coquina Beach #2E 2/2 $585K, Nutmeg Village #105 2/2 $610K, Pointe Santo #C26 2/2 $625K, Surfside 12 #B4 3/2 $830K, Atrium #101 3/3 $970K.

HOMES
3 new listings: 9477 Peaceful Dr 3/2 $499K (our listing), 1014 S Yachtsman Dr 3/2 $585K, 5321 Punta Caloosa Ct 3/3 $1.094M.
2 price changes: 1249 Par View Dr 4/4.5 now $1.395M, 1950 Woodring Rd 4/3.5 now $2.475M.
3 new sales: 1021 Sand Cast Rd 2/2 listed for $409K (short sale), 1667 Sabal Sands Rd 3/3 listed for $450K, 1251 Anhinga Ln 3/3 listed for $1.995M.
11 closed sales: 1805 Ibis Ln 2/2 $350K, 9446 Yucca Ct 3/2 $480.5K, 1744 Bunting Ln 3/2 $560K, 1045 Blue Heron Dr 3/3 $575K, 526 N Yachtsman Dr 2/2 $620K, 1405 Jamaica Dr 3/2.5 $620K, 1255 Isabel Dr 3/3 $869K, 940 Victoria Way 3/3 $900K, 919 Almas Ct 3/2.5 $935K, 479 Lagoon Dr 3/3 $1.025M, 2429 Wulfert Rd 4/4.5 $1.275M.

LOTS
Nothing to report.

Captiva
CONDOS
No new listings or price changes.
1 new sale: Lands End Village #1625 2/2 listed for $1.225M.
No closed sales.

HOMES
Nothing to report.

LOTS
Nothing to report.

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

We’ll be putting up our holiday “stars” on Monday so SanibelSusan Realty is ready for the 4th! Until next Friday, best wishes for a safe & happy holiday!

There’s Still Time to Buy Sanibel & Captiva Island Real Estate for Your Valentine

Posted on February 8, 2013 by SanibelSusan

It’s another beautiful Friday on Sanibel Island – yet another one of those days where we watch the weather in other parts of the country and remain thankful that we are here in sunny Florida where the forecast for the next seven days remains in the low 80’s.

We have a buyers arriving this week in time to buy their sweethearts a vacation retreat in paradise. What a great Valentine’s Day gift that will be!

Last weekend was a busy one with showings to three sets of buyers and we were smiling on Monday after two contracts presented, were accepted as written on Sunday (early Valentines for those folks).

A few other sales were announced at our Realtor® Caravan meeting yesterday. A report of the weekly Sanibel and Captiva Islands Multiple Listing Service activity is posted after a few news items below.

Dave brought his new camera along when we viewed a property overlooking Roosevelt Channel yesterday. Here are a few shots taken there and during his island other rounds.

View toward Blind Pass & Roosevelt Channel (where Teddy Roosevelt used to fish).

Just a few sea oats along the Gulf of Mexico beach

One of the mangrove-fringed waterways behind Periwinkle Park

Bougainvillea are still blooming here everywhere…

Sundial Resort’s Upgrades on Fast Track

Yesterday’s “Fort Myers News-Press” posted an update on the ongoing improvement project at Sundial Beach Resort and Spa. (New name & new amenities.)

“The Sundial Beach & Golf Resort had seen better days when it was purchased in July by an investor group – now it’s renovating at lightning speed and expects to have its $5-7 million facelift complete by March 1. That would have been a daunting task a few years ago but thanks to new streamlining of the permitting process by Sanibel officials, the city’s aging resorts are finding it’s feasible to make major renovations without spending prohibitive amounts of time and money, said Ric Base, president of the Sanibel and Captiva Islands Chamber of Commerce. In the case of Sundial, the renovations will make striking differences in how the resort operates and in what it offers to the community.

Waterview is expected to open March 31, 2013.

Waterview restaurant is expected to open March 31, 2013.

“For example, it will have a restaurant and spa with views of the Gulf of Mexico and a lighter, more contemporary look overall,” said Brett Lindsay, director of sales and marketing at Sundial.

Sea Breeze Cafe also expected to open March 31.

He added that the spa and restaurant will be open to the public for the first time in years since Blackstone cut off public access after it took over in 2006.

Turtles Cafe to open March 31, too.

The new Sundial also will be able to go after conventions, corporate retreats and weddings, which Lindsay expects to be major sources of income that will also stimulate the local economy with spillover spending by the guests. Weddings were once a mainstay of the resort, he said. “In 2006 they did 200 weddings then it slowly declined.”

“Last week the resort, which was developed in 1972, was a beehive of activity, with construction crews ripping up old tile floors and reconfiguring the inside to take advantage of Gulf views….Sanibel Mayor Kevin Ruane said the new approach started after Hurricane Charley clobbered the island in 2004 and city officials realized that if a major storm destroyed a resort built years ago, it might not be possible to restore it to the same size under modern rules and regulations. The city enacted a build-back ordinance allowing the resorts to come back intact. “We wanted to be fair and to give somebody exactly what he had in the past.” But mainly, Ruane said, the change has come in how the city treats permits: for example, offering informal pre-application meetings where the applicant can discuss the project with all the city officials who have to sign off on it.

“City Manager Judie Zimomra said it’s important now to make renovations more practical because most of Sanibel’s resorts are decades old and ready to be modernized. “Our big growth period was after the causeway was built (in 1963),” she said. “In the ’70s and ’80s Sanibel was essentially built out.”

“The Sundial renovations are the first major test of the city’s changed procedures, but Chris Davison, general manager of the Island Inn on Sanibel, said that over the past two years he’s done $2.5 million in rehabilitation of aging accommodations and expects to do another $4-5 million. “Right now we’re in the process of preparing and getting ready to submit a complete redevelopment of our site, a complete master plan,” he said. It’s not just his resort that needs updating, Davison said. “Sanibel has become a spot where, yes, it’s pristine, yes, there are no buildings over three stories, but your TV and facilities and rooms are from the 1980s. People want their wi-fi to work. They want granite tops.”

This charming corner resort suite is available for just $349,900. It gets terrific rental income too!

This charming corner resort Club Suite is available for just $349,900. It gets terrific rental income too!

Best Places to Buy a Foreclosure in 2013

An on-line article posted this week at “Daily Real Estate News” sourced a “CNNMoney” article from Jan 31, it said:

“If you’re looking for big foreclosure deals, Florida may offer the most, according to a new study by RealtyTrac. Palm Bay, Florida, topped its list of the best places to buy a foreclosure in 2013. Foreclosures accounted for nearly 24% of all sales in Palm Bay last year, and buyers tended to pay 28% less for a home in foreclosure than other homes. The following are the markets with the high number of foreclosures available and some of the largest price discounts for foreclosures, according to RealtyTrac.

“Palm Bay, FL – Average foreclosure discount: 28%

Rochester, NY – Average foreclosure discount: 26%

Albany, NY – Average foreclosure discount: 35%

New York City – Average foreclosure discount: 40%

Lakeland, FL – Average foreclosure discount: 15%

Tampa, FL – Average foreclosure discount: 27%

Jacksonville, FL – Average foreclosure discount: 32%

Poughkeepsie, NY – Average foreclosure discount: 28%

Orlando, FL – Average foreclosure discount: 19%

Chicago – Average foreclosure discount: 46%.”

What About The Sanibel & Captiva Islands Real Estate Market?

Clients know that SanibelSusan Realty produces weekly lists of the island real estate for sale. These lists are broken down by island (Sanibel or Captiva), property type (condos, homes, or lots), and subdivided by complex or subdivision. For comparison, they also include recent sales. (These are easy to e-mail, if anyone out there is blog land wants copies.)

With Sanibel and Captiva being a relatively small market area, compared to the major cities discussed in the article above, sometimes it takes a keen eye to observe when the trends change here. Here are my latest observations.

Was it good news when last year on Sanibel, 367 properties sold compared to 340 in 2011? You bet. It looks even better compared to 2010 when only 265 Sanibel properties sold.

On Captiva, was there a similar trend? Yes, in 2012, 64 properties sold; in 2011 only 47; and in 2010 just 37.

What about this year, 2013? Some may say that it is too early to tell. But I think we are seeing some momentum. Here it is just the first week in February and already 74 Sanibel properties are sold or under contract (28 condos, 43 homes, & 3 lots); while on Captiva, 12 properties have closed or are under contract (5 condos, 6 homes, & 1 lot). (These amounts are 20% and 19%, respectively, of what sold last year!) Usually our busiest sale months are February and March, but it appears that activity started sooner this year.

Do we have short sales and foreclosures on these two little islands? Sure, but we do not have many. Today, on Sanibel, there are three homes and one condo available in the Multiple Listing Service as “short sales” and one home in foreclosure. On Captiva, two homes (no condos) are in “short sales”, none are in foreclosure.

With limited alternate investment opportunities, Sanibel and Captiva’s niche market has become attractive to not just those that love their environmental offerings, ambience and life-style. Investors and builders recognizing the unique opportunity for appreciation again are buying. I think we are going to have a busy few weeks, probably a better winter selling season than we have seen in a long time.

Lee Memorial Hospital

Though I have always known that we have terrific medical facilities in Southwest Florida, it has always amazed me how many snowbirds get all of their health care here. Maybe this recent on-line posting by Lee Memorial has something to do with it. Local hospitals are always getting kudos: “Lee Memorial Hospital is a #Healthgrades Five-Star recipient for back and neck surgery (spinal fusion), seven years in a row (2007-2013)!”

Are Home Prices Rising Too Fast?

Florida Realtors® posted this article yesterday. Who thought we would be hearing this and so soon?

“In a historical context, home prices typically increase about 3 to 4% a year. But in the years preceding the housing crash, prices in 2002 started soaring 7% a year, then 8% in 2004, and 12% by 2005, CNBC.com reports.

“A “new bubble” may be forming, CNBC columnist Diana Olick writes. CoreLogic’s latest housing data shows home prices rose 8% in December year-over-year, the largest gain in more than six years. In some places, home prices are up by double digits from a year earlier; in Phoenix, prices are up 26% year-over-year.

“Inventories of for-sale homes are very tight, and experts point to the tight inventories as a cause of rapidly rising home prices. Inventories of for-sale homes are at their lowest supply since May 2005, according to the National Association of Realtors®. “The greatest concern in the market is the inventory situation,” says Lawrence Yun, NAR chief economist. “Even if we see an increase in the spring and summer, if home sales hold at the [current] level or even a five- to six-month supply, price increases are guaranteed. We don’t want to see rapid appreciation in prices faster than income.”

““Healthy housing market gains are historically driven by increasing employment and income, not by lack of supply,” reports CNBC reporter Diana Olick. “The latter leads to price bubbles.” But low inventory is not the only cause of rising prices. In many markets, a flood of investor demand has also caused a shortage of listings. Investors are cashing in on once hard-hit markets by the foreclosure crisis. Many investors are hedge funds turning single-family homes into rentals.

“However, quickly rising prices could cause these investors to take profits quicker than they originally planned by selling the rental homes now. That would add inventory to the market and slow price increases, Olick says. “What we had thought were safer, long-term buys, may now turn into flips of the last decade,” Olick says. “The question will be if there are enough non-investor buyers out there to support those sales?”

“But the home price gains may be sustainable, others say. Consumer confidence is increasing, employment is improving, and price gains may soon allow more homeowners who are seeing equity to once again trade-up.”

Source: “Housing Market Already Shows Signs of New Bubble,” CNBC.com (Feb. 5, 2013) and “New Housing Fears: Home Prices Are Rising Too Fast,” CNBC.com (Jan. 22, 2013)

Sanibel Library – What It Has To Offer

This afternoon, I received a nice email from an island owner and fellow blogger who also reads these Friday real estate blogs. She offered her recent blog about the Sanibel Library. Here is a link. I enjoyed it and I bet you will too. There are some great tips here that could apply to any library. (Thank you, Helen; we love sharing too!) http://boomersmarkets.com/2013/01/27/save-money-and-enrich-your-life-at-the-library/

Sanibel & Captiva Multiple Listing Service Activity February 1-8

Sanibel
CONDOS
3 new listings: Sundial #D408 1/1 $359K, Blind Pass #E207 2/2.5 $399K, Sanibel Arms West #I1 2/2 $435K.
10 price changes: Sundial #I104 1/1 now $369K, Loggerhead Cay #411 2/2 now $542.5K, Loggerhead Cay #521 2/2 now $559K, Heron at The Sanctuary II-2A 2/2.5 now $609K, Shorewood #1D 3/2 now $795K, Surfside 12 #B4 3/2 now $869K, Sanddollar #B104 2/2 now $897K, Compass Point #181 2/3 now $899K, Junonia #203 3/2 now $974K, Seascape #302 3/3.5 now $1.344M.
7 new sales: Colonnades #12 1/1 listed for $129K, Tennisplace #C33 2/1.5 listed for $260K, Blind Pass #D205 2/2 listed for $291K (short sale), Sanibel Moorings #1042 2/2 listed for $419K, Heron at The Sanctuary #1-1A 2/2.5 listed for $489K, Sunset South #6B 2/2 listed for $499K, Pointe Santo #B44 2/2 listed for $699K.
2 closed sale: Blind Pass #A105 2/2 $380K, St.Croix #3 2/2.5 $800K.

HOMES
7 new listings: 567 Rabbit Rd 2/2 $485K; 9418 Moonlight Dr 3/2 $499,994; 1319 Tahiti Dr 3/2 $549K; 1342 Sand Castle Rd 3/2 $589K; 1662 Dixie Beach Blvd 3/2 $839K; 6433 Pine Ave 4/3 $1.495M; 5721 SanCap Rd 3/3/2 $1.595M.
6 price changes: 1610 Sabal Sands Rd 3/2 now $459K, 6138 Castaways Ln 3/2.5 now $654.9K, 1130 Seagrape Ln 4/3 now $1.049M, 2367 Wulfert Rd 4/3.5 now $1.188M, 1826 Woodring Rd 3/2 now $1.549M (foreclosure), 4215 West Gulf Dr 4/4/2 now $4.749M.
10 new sales: 2985 Island Inn Rd 3/2 listed for $399K (our listing), 754 Donax St 4/2 duplex listed for $399K, 2560 Coconut Dr 3/3 listed for $495K, 1045 Blue Heron Dr 3/3 listed for $599K, 1031 Sand Castle Rd 3/3 listed for $690K, 765 Conch Ct 5/4 listed for $750K, 4996 Joewood Dr 3/3 listed for $760K, 569 Lighthouse Way 3/3 listed for $795K (our buyer), 1660 Bunting Ln 4/3.5 listed for $945K (our buyer), 780 Birdie View Pt 5/4.5 listed for $1.749M.
3 closed sales: 750 Nerita St 3/2 $420K, 1350 Tahiti Dr 3/2 $540K, 6190 Henderson Rd 3/2 $1.25M.

LOTS
1 new listing: 4318 West Gulf Dr $1.25M.
1 price change: 1637 Sabal Sands Rd now $295K.
No new sales.
2 closed sales: 6006 White Heron Ln $650K, 1028 Bayview Dr $1.6M.

Captiva
CONDOS
1 new listing: Tennis Villas #3138 1/1 $425K.
No price changes, new or closed sales.

HOMES
2 new listings: 11525 Chapin Ln 4/4 $1.589M, 16897 Captiva Dr 5/5.5 $3.59M.
2 price changes: 17201 Captiva Dr 4/5.5 now $3.698M, 16428 Captiva Dr 7/8/2 now $12.35M.
No new or closed sales.

LOTS
1 new listing: 16915 Captiva Dr $1.59M.
No price changes, new or closed sales.

Until next Friday, sending warm wishes and happy thoughts to our friends and family dealing with Nemo and snow!

Here’s hoping you can come to Sanibel and Captiva soon!

Happy February Florida Real Estate on Sanibel & Captiva Islands

Posted on February 1, 2013 by SanibelSusan

Islanders enjoyed a little Sanibel winter weather this week, with temps down into the 40’s/50’s at night and a couple of days in the high 60’s/low 70’s. It’s expected to be back up into the low 80’s by Wednesday. Here are a few photos that Dave and Lisa took yesterday while they were out previewing property on Realtor® Caravan, but first here’s the vehicle that just went by SanibelSusan Realty Associates. Is it a car? Is it a plane? It’s been making the rounds in Southwest Florida. Check it out on http://PlaneDriven.com

PlaneDriven.com Heading down Periwinkle Way on Sanibel 02-01-2013

View from Tarpon Bay Explorers, Sanibel Island 01-31-2013

From Mariner Pointe looking toward the Sanibel Marina 01-31-2013

A pair of bald eagles, 01-31-2013

Florida Realtors® Mid-Winter Business Meetings

Each January, a lot gets accomplished in just a few days at the Florida Realtors® Mid-Winter Business Meetings in Orlando. This year was no exception.

Last Friday, I attended the Faculty Development Subcommittee meeting where I am a member, the Global Business Committee, and the Legislative and Political Forum. At this last event, Robin Smith-Wescott, Esq., who is the state Insurance Consumer Advocate (http://www.radeylaw.com/insurance-list/interview-robin-smith-westcott-floridas-new-insurance-consumer-advocate/) updated us on recent insurance reform, including Wind Insurance changes. Regarding the National Flood Insurance Program, it was a bit disheartening to hear that Florida continues to provide 30% of the funding for this program, but receives only 13% in benefit. Florida Realtors® continue to pressure for more reform here.

Pam Blondi, Florida’s Attorney General, (http://myfloridalegal.com) also spoke on the status of several state issues including foreclosure fraud and short sale management issues, and the monies Florida has available for foreclosure settlements. Her office handles a wide mix of problems including drugs and human trafficking, which she unfortunately mentioned are both on the rise.

Association Executive, Peggy Hummel, & President-Elect, David Schuldenfrei with some of the Sanibel/Captiva trophy collection 01-25-2013

On Friday night at the RPAC Jamboree, several Florida Realtor® organizations received recognition for their political action support. The Sanibel & Captiva Islands Association came home with three of the four major awards for “small boards” – quite an accomplishment for our little group and indicative of our active membership and their concern, contributions, and work in recent legislative and regulatory successes including the continued preservation of the mortgage interest deduction, tax relief benefiting the real estate industry, improving federal mortgage programs, and eliminating regulations that inhibit environmental quality and healthy real estate markets.

On Saturday, at the Professional Standards Forum, I received a script that will be presented later this year at an educational event locally. Later at the Resort and Second Home Forum Meeting, as members shared reports of the market in their area, it was good to hear that most Florida resort communities are rebounding. Interestingly, NAR (National Association of Realtors®) statistics now say that 60% of resort and second-home buyers are international. The East Coast associations, particularly Miami, advise that the percentage may be even higher there.

With only 1,700 Realtors® holding the RSPS (Resort & 2nd-Home Property Specialist) designation nationally, it is a tight group but with expansive networking opportunities. I received several new referrals while in Orlando and came back with more info to include in the Sanibel/Captiva designation RSPS class that I will teach for the Sanibel & Captiva Islands Association of Realtors® later this spring.

Showing Activity & Thursday Realtor® Caravan

I was out showing property three days this week and so far have one finalized contract to show for it. Dave and Lisa were out showing yesterday. I will be out with folks tomorrow morning and another couple in the afternoon. Many colleagues are out showing too. We are hopeful that the next few weeks will be productive.

With only three new properties on Realtor caravan yesterday, the tide is changing. More new listings are needed to keep up with the current demand.

What’s The Best Season for Home Buying?

An article posted on line at Florida Realtors® today, credits InformationInc and Trulia “Housing Wire”. It confirms that if true to history, February will most likely be busy with Florida sales.

“After the holidays, buyers tend to get more aggressive with their house hunting. Search activity usually peaks around March or April in most states, according to a new study of home searches from 2007 to 2012 conducted by Trulia. In September, searches slow down. By December, buyer searches ebb to their lowest point of the year. “Home-search activity swings with the seasons in every state,” says Jed Kolko, chief economist of Trulia. “Buyers and sellers can use these ups and downs to their advantage. Sellers looking for the most buyers should list when real estate search traffic peaks. Buyers, however, should think about searching off-season, when there is less competition from other searchers.”

“Here are the months when online real estate searches peak in every U.S. state:
January: Hawaii
February: Florida
March: Arizona, California, Delaware, Georgia, Idaho, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Missouri, Nebraska, Nevada, Ohio, Oklahoma, Pennsylvania, Virginia, Washington
April: Colorado, Connecticut, District of Columbia, Illinois, Indiana, Kansas, Minnesota, New York, North Dakota, South Dakota, Utah, West Virginia, Wisconsin
May: Real estate activity does not peak in any state
June: Mississippi
July: Alabama, Alaska, Arkansas, Louisiana, Maine, New Hampshire, New Jersey, New Mexico, North Carolina, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Wyoming
August: Montana and Oregon
September-December: Real estate activity does not peak in any state.”

Sanibel & Captiva Multiple Listing Activity January 25 – February 1

Sanibel
CONDOS
5 new listings: Captains Walk #B5 2/1 $329K, Surfside 12 #A1 3/2 $695K, Sundial #L304 2/2 $1.049M, Compass Point #183 2/2 $1.095M, Tamarind #A101 2/2 $1.595M.
6 price changes: Sanibel Siesta #210 2/2 now $439K, Mariner Pointe #1052 2/2 now $449K, Sundial #G401 2/2 now $479K, Shell Island Beach Club #5B 2/2 now $689K, Sundial #K203 2/2 now $744.9K, Snug Harbor #121 3/2 now $997.5K.
2 new sales: Loggerhead Cay #261 2/2 listed for $549K, Sanctuary Golf Villages I #6-3 3/3 listed for $740K.
1 closed sale: Tennisplace #C35 2/1.5 $232.5K.

HOMES
7 new listings: 1625 Serenity Ln 3/2 $499K, 9228 Belding Dr 2/2.5 $550K, 600 East Rocks Dr 3/2 $579K, 1481 Sand Castle Rd 2/2 $595K, 1300 Par View Dr 3/2 $839K, 5418 Osprey Ct 4/3.5 $999K, 200 Robinwood Cir 3/3.5 $1.268M.
4 price changes: 9446 Yucca Ct 3/2 now $529K; 564 Hideaway Ct 3/2 now $599,555; 1777 Serenity Ln 5/4.5 now $799K.
3 new sales: 1809 Bowman’s Beach Rd 3/2 listed for $499K, 1660 Bunting Ln 4/3.5 listed for $945K (our buyer), 5035 Joewood Dr 4/4.5 listed for $3.595M.
1 closed sale: 544 Sea Oats Dr 4/4 $820K.

LOTS
3 new listings: 223 Robinwood Cir $287K, 5648 Baltusrol Ct $289K, 2323 Starfish Ln $549K.
No price changes, new or closed sales.

Captiva
CONDOS
2 new listings: Tennis Villas #3111 1/1 $267.5K, Lands End Village #1609 2/2 $1.295M.
3 price changes: Bayside Villas #4204 1/2 now $259K, Bayside Villas #5344 3/3 now $645K, Beach Villas #2533 2/2 now $699K.
No new sales.
2 closed sales: Marina Villas #603 2/2 $475K, Ventura Captiva #2A 3/3 $650K.

HOMES
1 new listing: 11526 Laika Ln 4/4 duplex $1.8M.
2 price changes: 15631 Captiva Dr 5/4.5 now $2.495M, 16428 Captiva Dr 7/8/2 now $12.4M.
No new sales.
1 closed sale: 16742 Captiva Dr 3/3 $2.45M.

LOTS
Nothing to report.

Sanibel & Captiva Real Estate in Paradise 2013

Posted on January 4, 2013 by SanibelSusan

It is another Friday afternoon on Sanibel Island. Here are a couple of pictures taken at noon today at a West Gulf Drive beach access. If you closely in the first one you can see some folks behind these dunes grasses doing the “Sanibel stoop” in a tidal pool – always a good spot to find a few barely-buried shells.

With the holidays winding down, it is bittersweet to see island decorations being put away for another year. Here’s a photo of Santa being put away at Jensen’s Twin Palms Resort and Marina on Captiva. Note the supervisory ibis atop the davit.

The New Year‘s week visitors had terrific weather nearly every day with warm afternoons (70s to 80s) and cool evenings (50s & 60s). Unusual fog both yesterday and today burned off early and we even had a surprise shower this morning – all good for keeping the islands lush green and tropical. We saw our first “season” traffic jams this week, with Periwinkle Way busier than it has been since last year at this time. Afternoons find Sanibel’s finest directing traffic at most of the 4-way-stops.

Mid-week, teammate Dave held a couple of open houses in hopes of attracting business; but with the weather so nice, attendance was sporadic. I had a good walk-in New Year’s eve – 1st-time visitors to the island. It didn’t take them long to decide that Sanibel is a very special place; so both Wed and Thurs afternoons, we looked at condos. It is great fun to share the wonders of the island with folks like that.

Little sales action was announced at our Realtor® Caravan meeting yesterday.

Below is an update of Sanibel’s current inventory, followed by the 2012 sales, compared to 2011.

Condos Homes Lots

# Avg Price # Avg Price # Avg Price

For sale 184 697,093 218 1,305,070 87 590,657

Closings pending 13 512,900 20 739,055 2 514,000

Sold/Closed in 2012 151 551,244 181 825,837 33 487,687

Sold/Closed in 2011 142 591,861 179 826,130 19 363,729

It will be interesting to see what happens when new government changes are enacted – or not. Some prospective buyers say that they are waiting to see what is happening with the “fiscal cliff” – others are taking stock market funds and instead investing in real estate where they see greater investment potential.

Below is some real estate news – beginning with the “fiscal cliff” – followed by the weekly report of action posted in the Sanibel & Captiva Islands Multiple Listing Service.

Real Estate Provisions in “Fiscal Cliff” Bill

Here is the Issue Brief that was posted on line Wednesday by the National Association of Realtors®:

“On January 1, 2013 the Senate and House passed H.R. 8, legislation to avert the “fiscal cliff,” the bill will be signed by President Barack Obama on January 2, 2013. Below are a summary of real estate related provisions in the bill.

“Real Estate Tax Extenders –

Mortgage Cancellation Relief is extended for one year to January 1, 2014
Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
Leasehold Improvements: the 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
Energy Efficiency Tax Credit: the 10% tax credit (up to $500) for homeowners for energy efficiency improvements to existing homes is extended through 2013 and made retroactive to cover 2012.

“Return of the “Pease” limitations on itemized deductions for high income filers – Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. “Pease” limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. The thresholds are indexed for inflation so will rise over time. Under the formula, filers gradually lose the value of their total itemized deductions up to a total of a 20% reduction. First enacted in 1990, and named for the Ohio Congressman Don Pease who came up with the idea, the limitations continued throughout the Clinton years. The limitations were gradually phased out starting in 2003 and were completely eliminated in 2010-2012. NAR has never had an official position on Pease limitations. The reinstitution of these limits has far less impact on the mortgage interest deduction than a hard dollar deduction cap, percentage deduction cap, or reduction of the amount of MID that can be claimed.

“Capital Gains – Capital Gains rate stays at 15% for those the top rate of $400,000 individual and $450,000 joint return. After that, any gains above those amounts will be taxed at 20%. The 250/500k exclusion for sale of principal residence remains in place.

“Estate Tax – The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40%, up from 35%. The exemption amounts are indexed for inflation.”

Rental Demand to Edge Higher in 2013?

An article posted on Wednesday’s “Daily Real Estate News” said:

“Five to six million new renter households may be created within the next 10 years, likely caused from low inventories of homes available and tight credit conditions, according to the Bipartisan Policy Center. Rental demand is expected to particularly increase among seniors looking to downsize their homes, as well as young adults and a growing immigrant population. “We expect to see an increase in household formation and for a variety of reasons that household formation is likely to be more heavily concentrated among renters and households who are likely to be renters for somewhat longer than was the case for the last 20 years,” Barry Zigas, director of Housing Policy for Consumer Federation of America, told HousingWire.

“Tight credit conditions continue to be one main culprit holding back home ownership among some potential buyers. “Credit for home ownership borrowing will likely be tighter and potentially more expensive, relative to earlier times,” Zigas predicts. “Families will likely have less wealth because the rising generation is starting with less wealth. If down payments are at any significant level, it will be a barrier to acquiring a home for longer than may have been the case in the past.””

Seven Housing Markets Needing Big Jolt in 2013

Another “Daily Real Estate News” article also on Wednesday, mentions several Florida towns including our local area:

“While the housing market has made notable gains in the past year, some areas are seeing a longer road to recovery. AOL Real Estate recently listed some of the least healthy housing markets going into 2013, based on employment, foreclosures, home sales, and prices. Nearly all of these housing markets have seen notable improvements recently, but they still remain the nation’s least healthy housing markets entering 2013, according to AOL Real Estate.

Detroit: Foreclosures remain high and home values lost nearly 60% of their peak value.
Fort Lauderdale: Home prices likely hit bottom in 2012 but Fort Lauderdale still has the nation’s 3rd largest foreclosure inventory.
Miami: Foreign buyers are driving demand for luxury housing here, but Miami still faces the 4th highest unemployment rate in the nation.
West Palm Beach: Foreclosures remain high here with one out of every 349 homes having received a foreclosure notice in July.
Cape Coral-Fort Myers: While higher construction permits is a bright spot here, the area faces high foreclosure rates.
Palm Bay-Melbourne-Titusville: Home sale prices have remained low, and this market was dubbed the No. 1 “foreclosure capital” in the nation as of July.
Chicago: Foreclosures remain high with the foreclosure rate rising 18% in 2012.”

View the 7 Healthiest Housing Markets for 2013.

Free “Island Jazz” Concerts

For those lucky enough to be on the islands, from now until Easter is when the most educational and entertainment-related events are offered here. The first of the year’s free Sunday afternoon jazz concerts is January 13 at 3 p.m. in the Boler Garden of BIG ARTS. Comprised of eight local popular and well-seasoned jazz musicians, “Island Jazz” plays all styles of music from jazz standards and Dixieland to bop, pop, and more. At SanibelSusan Realty, our Sunday agents look forward to these winter events where we open our back door and hear the tunes. To attend in person, there is plenty of parking at BIG ARTS, but bring your beach chair as seating is limited.

Other concert dates and events through spring are posted on SanibelSusan’s calendar.

Two New Baby Bald Eagles

Here is a link to the Southwest Florida “Eagle Cam” which provides a 24/7 live video stream of an active pair of bald eagles in their nest in North Fort Myers. These bald eagles have been coming to the nest for the past 5 years between the months of October to April. Last night the second baby eaglet hatched. Take a look: http://www.ustream.tv/SouthwestFloridaEagleCam

Sanibel & Captiva Island Multiple Listing Service Activity December 28 – January 4

Sanibel
CONDOS
1 new listing: Loggerhead Cay #451 2/2 $495K.
3 price changes: Blind Pass #D205 2/2 now $300K (short sale), Sanibel Moorings #1042 2/2 now $419K, Mariner Pointe #1052 2/2 now $475K.
4 new sales: Sandpebble #1F 2/2 listed for $349.9K, Sanibel Arms West #L8 2/2 listed for $479K, Sandpiper Beach #404 2/2 listed for $695K, Gulf Beach #205 2/2 listed for $725K.
5 closed sales: Colonnades #9 1/1 $110K, Seashells #15 2/2 $255K (short sale), Sanibel Moorings #341 2/2 $380K, Compass Point #213 2/2 $510K, Sandpiper Beach #106 2/2 $635K.

HOMES
7 new listings: 1409 Sandpiper Cir 2/2 half-duplex #299K, 1045 Blue Heron Dr 3/3 $599K, 656 Anchor Dr 3/2 $639K, 526 N Yachtsman Dr 2/2 $649K, 1163 Seagrape Ln 4/4 $887.9K, 4164 West Gulf Dr 4/4 $1.995M, 4809 Tradewinds Dr 3/3.5 $1.69M.
5 price changes: 1366 Sand Castle Rd 3/2.5 now $649.9K, 1750 Dixie Beach Blvd 3/2.5 now $679K (short sale), 1555 San Carlos Bay Dr 3/2.5 now $975K, 6440 Pine Ave 3/2.5 now $1.64M, 775 Limpet Dr 3/3 now $1.695M.
2 new sales: 1002 Greenwood Ct N 3/2.5 half-duplex listed for $349K, 4717 Rue Belle Mer 3/3 listed for $1.895M (short sale).
3 closed sales: 1978 Roseate Ln 3/2 $435K (our listing), 656 Anchor Dr 3/2 $550K, 1314 Isabel Dr 4/3.5 $1.8M.

LOTS
1 new listing: 4538 Bowen Bayou Rd #329K.
No price changes or new sales.
1 closed sale: 659 Anchor Dr $375K

Captiva
CONDOS
Nothing to report.

HOMES
No new listings.
1 price change: 59 Sandpiper Ct 3/2 now $795K.
No new or closed sales.

LOTS
Nothing to report.

Welcome to 2013!

Sanibel & Captiva Real Estate News on the Last Friday of 2012

Posted on December 28, 2012 by SanibelSusan

The SanibelSusan Team hopes that you all had a Merry Christmas and look forward to a Happy New Year.

Over the last week on the islands we have had a little up-and-down weather, a few chilly evenings but mostly beautiful bright sunny days with lots of bikers, beach-goers, and families enjoying nature and the holidays.

Here are a couple of news events, followed by the week’s Multiple Listing Service activity on Sanibel and Captiva.

Realtor® Membership Meeting

Yesterday, at the December Sanibel & Captiva Islands Association of Realtors® breakfast meeting, Sanibel City Manager Judie Zimomra, Planning Director Jim Jordan, and Police Chief Bill Tomlinson updated us on recent happenings at City Hall and around the island. Manager Zimomra spent the day before snow-bound at the Cleveland airport, so we were happy that she made it back home safely.

As part of continued cooperative efforts between our local organization and City leadership, Manager Zimomra and Director Jordan encouraged Realtor® input in the ongoing Planning Department review of the updating and redevelopment process for island commercial properties. Manager Zimomra and Chief Tomlison likewise asked for our help in spreading the word on island safety, mainly to encourage visitors and vacationers to lock their accommodations, particularly sliders, when they are away. Open doors particularly with purses and wallets in sight are invitations for trouble, even on this quiet island.

Top Real Estate Stories of 2012

This week, Florida Realtors® posted on-line a summary slide show of how the real estate industry here changed in 2012. Here is a list of the top industry stories, a recap of the most significant news stories that impacted Florida real estate brokers and agents.

“Real Estate Rebound – In a year-over-year comparison, single-family sales grew 25.3% and prices increased 9%, according to Florida Realtors® economists. The big Realtor® complaint now is low inventory and continued banking and lending hassels. Schwab says real estate will be the key driver of a 2013 rebound.
“There’s No Place Like Home. Got One? The big Realtor® complaint now? Low inventory. Sensing a rebound, buyers jumped into the market only to face competition from investors. At the same time, many owners put off a sale, waiting for even higher prices. New construction – almost nonexistent since the recession – kicked into gear.
“For Lease, Navidad – Real estate investors tried a new tactic. Instead of buying buildings, they bought single-family homes one by one and, on paper, turned a multi-location group of homes into a single investment. They signed up renters, paid a property manager and turned an almost immediate profit.
“How Low Will They Go? Mortgage interest rates hit record lows in 2012, bottoming out at 3.31% for a 30-year fixed rate – and still hovering at that range at year’s end. Some buyers with dynamic credit scores found great deals. Others couldn’t score a great home due to tight lending and competition from cash-laded investors.
“Let’s Get Fiscal – A threat overshadowed the 2nd half of 2012 – a presidential election followed by possible economic pandemonium if Congress failed to stop a fiscal cliff on Dec 31. Fear of the unknown caused businesses to postpone investments, homeowners to avoid buying, and a nationwide wait-and-see attitude.
“I’ll Make This Short – Buyers loved bank-owned properties (REO’s) just a year ago, but in 2012, banks cut back on REO’s and started to favor short sales that net them more money. In Realty Trac’s latest quarterly report, a full 65% of homes in some stage of the foreclosure process sold through a short sale instead.
“Don’t Deduct the Deduction – The U.S. supports homeownership through a mortgage interest tax deduction (MID). But some now question the fed’s role and say renting isn’t such a bad option. As part of a deal to cut the deficit, will lawmakers nix the MID altogether? Cap the amount? Either option could trim buyer demand in 2013.
“A Billion Here, A Billion There – Five large U.S. banks accused of unfair foreclosure tactics settled a court case to the tune of $26 billion. The money helped some underwater homeowners lower monthly payments, and it reimbursed some ex-owners who went through foreclosure. The banks say they’ve changed those practices.
“Three Out of Four Ain’t Bad – Florida voters passed three property tax amendments in November, easing the burden for spouses of veterans and first-responders, out-of-state veterans and, with local approval, low-income adults 65 or older. Unfortunately, the Florida Realtors®-backed Amendment 4 failed to get the 60% approval need for passage.
“Help for Howeowners Literally Underwater – Congress finally passed a long-term fund flood insurance law extending the program to 2017, following a lengthy, years-long series of short-term extensions. The national flood program faces financial challenges however, and it now has stricter requirements for coverage.
“Less is More – In an effort to become financially sound, Florida’s Citizens Property Insurance Corp. reduced coverage and increased premiums. Still, these policies are less expensive than the private market. In 2013, Citizens will struggle to again become the state’s insurer of last resort.
“Global Shift – International buyers love Florida’s sunshine, lifestyle and want a piece of the action. However, some global economies have been hit harder than others. In 2012, buyers from Brazil, Venezuela and Canada ramped up purchases. But European buyers, hit harder by a downturn, cut back on buying Florida homes.
“Sizing Up Appraisals – NAR (National Association of Realtors®) survey: 65% of Realtors had no contract problems due to a home appraisal over the previous three months, but 35% did. NAR and appraisers note many problems result from lender demands and the use of out-of-area valuators (often via AMC’s (Appraisal Management Companies)) without local expertise or full access to local data.” (This again was a big problem on Sanibel/Captiva in 2012. Another reason why island Realtors® recommend working with a local lender.)

New Year Traditions

Thanks to a few reminders in the “Island Sun” and Googling, here is some info on the upcoming holiday traditions:

What to Eat – Southerners eat black-eyed peas on New Year’s Day for good luck. In Germany, marzipan pigs are traditional Christmas and New Year’s gifts that symbolize success.
What to Do – Put a silver coin in your pocket before midnight on New Year’s eve to increase your chances of prosperity. An Irish tradition is to bang on doors and walls with a Christmas bread to chase away bad luck and invite good spirits. Bread is used to ensure plentiful food comes to the household. The Chinese use firecrackers to welcome the New Year and chase away evil spirits. In Iran, they bang pots and pans.
Your First Visitor – 1st-footing is an ancient European New Year’s custom that continues into the present in many areas. The first person to enter a home after midnight on the 1st day of the year should be a male, preferably with dark hair. Blondes may have been associated with Vikings – visitors who never brought good luck. The 1st-footer should carry a gift, such as a coin for prosperity, bread for food, salt for flavor, or whiskey to represent good cheer. The 1st-footer can be a resident of the house, but must not be inside during the hour leading up to midnight. No fair stepping outside and coming back in again!
What to Sing – Nearly every English-speaking New Year’s Eve celebration includes singing “Auld Lang Syne” which literally means “the good old days”.
To Kiss or to Toast? – Kiss those dearest to you at midnight not only to share the celebration, but to ensure that those ties continue through the next 12 months. A champagne toast at midnight is the most honored New Year’s tradition. It can be traced back to the ancient Greeks and Romans.
New Year’s Resolutions – This tradition dates back to the early Babylonians where their most popular resolution was to return borrowed farm equipment. This year, we hope many resolve to buy an island property in 2013.

New Year’s Happenings on Sanibel & Captiva Islands

New Year’s Eve at Sanibel Recreation Center – 8 p.m. to 12:15 a.m. is family-friendly, alcohol & tobacco-free, with food, games, raffles, adult bingo, silent auction, DJ, dancing, magician, juggler, ventriloquist, & midnight balloon drop. www.mysanibel.com
Annual New Year’s Eve Gala at Traditions on the Beach beginning at 7 p.m. www.traditionsonthebeach.com
The Modulators at The Crow’s Nest at ‘Tween Waters Inn on New Year’s Eve.
13th Annual Polar Bear Plunge – at noon on New Year’s Day at Tarpon Bay Beach. Free and fun. Go to watch or wear your bathing suit and make history.

Big Houses Making a Comeback

An article in “Daily Real Estate News” just before Christmas sourced CNBC as saying:

“Home owners desire bigger spaces again, following five years of downsizing trends.

Average sizes of newly built homes increased 3.7% last year over 2010, according to U.S. Census Bureau data. That marked the first increase since 2007. And builders are reporting higher demand for larger homes this year.

“A recent survey by PulteGroup showed that 84% of home owners between the ages of 18-59 have no intentions of downsizing, even among Baby Boomers. “There appears to be a renewed sense of optimism in housing,” says Deborah Meyer, PulteGroup’s chief marketing officer. “Homebuyers, regardless of their stage of life, still want and need larger homes. Consistent with our consumer research, the survey results show that today’s buyers are equally focused on more efficient use of the spaces within their homes.”

“The need for more space may be coming from the growing number of people living under one roof, as multi-generations move in together.

“A recent survey by the American Institute of Architects shows a higher demand for multi-generational housing. The survey also showed more home owners upsizing their current homes. Fifty-eight percent of architects reported higher interest in additions and remodels, which is up from 35% one year ago. Kitchen and baths topped the list.

“While the desire for larger homes bodes well for home builders, “they may also add optimism to the upper end of the market, and all those so-called “McMansions”—generally considered in the 3,000- to 5,000-square-foot range—many of which lost significant value during the housing crash,” reports CNBC’s Diana Olick.”

Sanibel & Captiva Island Multiple Listing Service Activity December 21-28

Sanibel
CONDOS
2 new listings: Sundial #H110 1/1 $215K, Captains Walk #E5 2/2 $224.5K.
2 price changes: Blind Pass #D205 2/2 now $300K, Pointe Santo #C4 now $479.9K.
5 new sales: Colonnades #9 1/1 listed for $129K, Tennisplace #A34 2/1 listed for $239.9K, Sanibel Moorings #341 2/2 listed for $420K, Lighthouse Point #318 3/2 listed for $449K, Wedgewood #303 3/3.5 listed for $1.198M.
1 closed sale: Duggers Tropical Cottages #6 1/1 $235K.

HOMES
4 new listings: 3316 Saint Kilda Rd 2/1 $449K, 1053 Seahawk Ln 2/2 $689K, 1694 Dixie Beach Blvd 3/2 $1.195M, 1175 Bird Ln 4/3.5 $2.995M.
6 price changes: 4629 Brainard Bayou Rd 3/2 now $499K, 9203 Dimmick Dr 4/2 now $649K, 1350 Middle Gulf Dr #1E (Moonshadows) 3/3 half-duplex now $669K, 2540 Coconut Dr 4/3.5 now $740K, 4496 Waters Edge Ln 3/2 now $825K, 2984 Wulfert Rd 4/3 now $2.4M.
2 new sales: 6457 Pine Ave 3/2 listed for $429K, 1693 Bunting Ln 3/2 listed for $745K.
3 closed sales: 199 Daniel Dr 3/2 $337.5K., 1001 Lindgren Blvd 2/2 $600K, 3239 Twin Lakes Ln 3/2 $745K.

LOTS
No new listings.
1 price change: 1847 Farm Trl now $224K (our listing).
1 new sale: 6006 White Heron Ln listed for $749K.
2 closed sales: 9042 Mockingbird Dr $289,375; 1035 Bayview Dr $3.55M.

Captiva
CONDOS
1 new listing: Sunset Beach Villas #2222 1/1 $529K.
No price changes, new or closed sales.

HOMES
2 new listings: 15160 Captiva Dr 6/6.5 $2.299M, 15017 Binder Dr 3/4.5 $3.75M.
No price changes, new or closed sales.

LOTS
Nothing to report.

Happy New Year!

The Friday Before Christmas on Sanibel & Captiva Islands

Posted on December 21, 2012 by SanibelSusan

All is well on Sanibel and Captiva Islands with picture-perfect weather all week. However, thanks to a cool front today, temperatures have dropped into the 60’s and it is only expected to be in the 30’s tonight. It is breezy but with bright blue skies. Just that little bit of change excites islanders looking forward to digging out their sweaters for a couple of days each winter. We can put them away quickly though, as it is expected to be back into the high 70’s by Christmas eve and the low 80’s by Christmas day.

Here are photos of a few island-style Christmas trees. Sanibel and Captiva Islands may be snow-less, but they are festive!

At Timbers Fish & Seafood Market on Sanibel

Entry to The Sanibel Grill on Sanibel, note the water dish

Normandie Seaside Pub, Sanibel

In The Sanctuary Golf Clubhouse, Sanibel

‘Tween Waters Resort on Captiva

At the Mucky Duck Beach on Andy Rosse Lane, Captiva

South Seas Resort, Captiva

Near South Seas Resort entrance on Captiva

Bismark palm on Captiva Drive

Charlie Brown tree on Captiva Drive

At SanibelSusan Realty Associates

SanibelSusan’s Charlie Brown tree at home

Sanibel & Captiva Real Estate Action This Week

We had a few listings shown this week and a fair turn-out at yesterday’s Realtor® caravan. I had a double-dip closing on Tuesday (both listed and sold), then was out showing property too. Dave held an open house at our Sundial listing on Tuesday and Loggerhead Cay today. I have been negotiating on an offer this week that got finalized today, so all-in-all, a productive week for SanibelSusan Realty Associates, even with the holiday distractions.

Polar Bear Plunge Coming Up

As reported in the “Island Sun”:

“For those who are on-island for New Year’s, the 13th annual meeting of the Sanibel-Captiva Chapter of the National Polar Bear Club will take place at noon on January 1 at Tarpon Bay Beach. When the club started in 2000, just 29 people showed up to brave taking a dip in the Gulf of Mexico. Last year, more than 350 bears took the plunge. The meeting begins with the singing of the traditional Polar Bear anthem by the Cubbies (1st-timers), Juveniles (1-time previous dippers) and seasoned Adult bears (those who took the plunge in previous years). The bears then enter the Gulf waters backwards, facing the huge crowd of supporters, on-lookers, tourists, and Mice (those who wished they had the courage to join in). Following the traditional Polar Bear group huddle/hug (a body-warming activity), participants will have an opportunity to sip from the giant Polar Bear champagne glass, have their picture taken in the infamous shell pith helmet, and engage in story-telling about their heroic experience with fellow Polar Bears from around the world. Everyone is welcome to attend the Polar Bear plunge, now considered an island tradition (which costs nothing to participate).”

A Few Energy-Saving Tips

There were some timely reminders in the Lee County Electric Coop newsletter this month. You can conduct your own energy survey through their website at http://www.lcec.net. These tips and tricks may be helpful too:

“Keep the oven door closed. When you have to “sneak a peek” at the turkey or cookies, turn the oven light on and look through the window.
Cook with glass or ceramic pans. They heat faster, and you can set the temperature 25 degrees lower.
Use crock pots, microwave, and toaster ovens, when possible. They all use less energy than the oven.
Gently remind guests to turn off lights and fans when they leave a room. Remember, fans do not actually cool your home they only circulate the air, making you feel cooler.
Switch holiday lights to LED and set on a timer to reduce the amount of time you use them.”
“Washers – only run full loads; wash in cold water whenever possible; unplug or use circuit breaker to shut off power to washer when not in use; if possible, move washer close to your water heater to help retain heated water in pipes; always rinse in cold water, it has not effect on the cleaning of clothes; adjust waters levels to laundry load size on your washer, if possible; invest in an energy-saving washer.”

15-Year Mortgages Gain Popularity With Buyers

As follow-up to a “Wall Street Journal” article earlier in the week, “Daily Real Estate News” posted the following yesterday:

“Record-low rates are driving more borrowers to seek shorter term mortgages. Freddie Mac reports that nearly 16% of the fixed-rate mortgages that lenders sold to the agency during the 3rd quarter were comprised of 15-year mortgages. That’s up from nearly 10% a year ago. The data excludes mortgages for refinancing. For refinancing, 15-year mortgages accounted for nearly a third of loans during the first seven months of this year, according to CoreLogic. “The 30-year mortgage became the standard in lending because its lower monthly payments made real estate affordable to more Americans,” The Wall Street Journal reports. “While the 30-year remains king, the gap between the two loans’ popularity is shrinking.”

“Fifteen-year fixed-rate mortgages have recently averaged 2.81% — compared to 5.85% in mid-December 2007, according to HSH.com, a mortgage information Web site. Some refinancers are finding that by switching from a 30-year to a 15-year fixed-rate mortgage they are able to not only get big savings on the life of their mortgage but also even slightly lower monthly payments. Traditionally, refinancing into a shorter-term mortgage meant paying a heftier monthly payment. But with mortgage rates so low, some home owners are finding the monthly payment isn’t increasing and may actually be less by shortening the terms of their mortgage.”

Captiva 2013-2014 Re-nourishment Project

The Captiva Erosion Prevention District announced recently that it is accepting bids for its 2013-2014 re-nourishment project. This project consists of placing approximately 877,000 cubic yards of beach fill along six miles of shoreline and rehabilitation of existing dunes from Redfish Pass to Blind Pass and also a portion of northern Sanibel. The work will start between June 1 and September 1 and be completed by December 31, 2013. For more info, go to www.mycepd.com.

Agents Prepare Homebuyers to Compete

The islands have not yet seen the swing from buyers’ market to sellers’ market, but the following article posted this week on FloridaRealtors® was a good read nonetheless. My Realtor® friends in Miami already are seeing multiple offers. Here’s hoping our area is next:

“House buyers in a growing number of areas are finding something they haven’t seen in years when house-hunting: Competition. With housing affordability high and mortgage rates low, homebuyers are ready to cash in – but they’re finding a lot of others are as well. Bidding wars are becoming more common, particularly as the inventory of for-sale homes remains constrained across the country.

““Buyers have to change their attitude about the way the market is,” says Carol Hooks, a real estate professional with Coldwell Banker Residential Brokerage in Alexandria, Va. “Many still think it’s OK to make a low offer and ask for closing-cost assistance, but they really need to come up with a good, realistic offer….

“Real estate professionals are helping to prepare their buyers for the increased competition. For example, they’re encouraging buyers to go through the mortgage-approval process and secure financing before they look for a home, armed with more than just a lender’s prequalification letter. Eldad Moraru with Long & Foster Real Estate in Bethesda, Md., says it’s important for buyers to find a lender who will be able to provide them with an approval letter within an hour of finding the home they want to purchase. The new letter should include the address of the property and the exact amount they plan to offer so they can attach it to the offer.

“Homebuyers also need to have their earnest money deposit and down-payment ready to go, Moraru says. “A lot of buyers will have some money in stocks to sell and some money in a checking account and will tell me they need a few days to get it together,” he said. “You need to have that money consolidated and accessible in one account before you find a house.” As competition heats up, buyers need to prepare to think fast.

“If (the buyer) moves fast enough, (they) can have a home inspection before (they) make an offer, and then waive the home-inspection contingency,” Moraru says about being competitive in some multiple bid situations if you know when the seller is going to be reviewing all offers.

“Some agents compare today’s competitive housing market to the process of dating. “You need to win on both looks and personality,” says Phil Bolin, a broker with RE/MAX Allegiance in Alexandria, Va. “The personality part is the fundamental issue of financing and down-payment, but the looks part doesn’t cost you anything. It can be as simple as making sure there are no mistakes in your contract. If there are mistakes or missing items in your offer, you don’t look like a serious buyer.””

Sanibel & Captiva Island Multiple Listing Service Activity December 14-21

Sanibel
CONDO
1 new listing: Sundial #K108 3/2 $1.1M.
No price changes.
2 new sales: Blind Pass #A105 listed for $395K, Compass Point #141 3/2 listed for $899K (our listing).
1 closed sale: Sanibel Arms West #M7 2/2 $398K (our listing & sale).

HOMES
6 new listings: 1401 Sandpiper Cir 3/2.5 half-duplex $419K, 2079 Wild Lime Dr 3/2 $525K, 395 Old Trail Rd 4/3 $599K, 617 East Rocks Dr 3/2 $625.9K, 1339 Par View Dr 3/2 $680K, 512 Periwinkle Way 3/3 $1.075M.
8 price changes: 4629 Brainard Bayou Rd 3/2 now $539K, 5296 Umbrella Pool Rd 4/4 now $549.9K, 1441 Causey Ct 3/2 now $725K, 3840 West Gulf Dr 3/2.5 now $739K, 2540 Coconut Dr 4/3.5 now $740K, 2729 Wulfert Rd 4/4.5 now $1.298M, 4717 Rue Belle Mer 3/3 now $1.895M (short sale), 505 Kinzie Island Ct 5/4.5 now $2.195M.
4 new sales: 1807 Serenity Ln 3/2 listed for $574K, 549 East Rocks Dr 3/2.5 listed for $795K, 1314 Isabel Dr 4/3.5 listed for $2.094M, 4689 Rue Belle Mer 3/2 listed for $2.295M.
5 closed sales: 1000 Greenwood Ct 3/2.5 half-duplex $322K, 760 Birdie View Pt 4/3.5 $769K (short sale), 1824 Woodring Rd 4/4 $1.025M, 6211 Starling Way 4/4.5 $1.95M, 1145 Bird Ln 5/5 $4.275M.

LOTS
1 new listing: 644 Sea Oats Dr $315K.
3 price changes: 5121 SanCap Rd now $249K, 6006 White Heron Ln now $749K, 837 Limpet Dr now $885K (our listing).
1 new sale: 659 Anchor Dr $448.5K.
No new sales.

Captiva
CONDO
No new listings.
1 price change: Gulf Beach Villas #2004 2/2 now $659K.
2 new sales: Marina Villas #801 2/2 listed for $552K, Sunset Beach Villas #2228 2/2 listed for $600K.
No closed sales.

HOMES
1 new listing: 11532 Wightman Ln 2/2 $1.475M.
No price changes, new or closed sales.

LOTS
Nothing to report.

Merry Christmas!

Fall Weather Comes to Sanibel & Captiva Islands

Posted on October 12, 2012 by SanibelSusan

Slowly but surely we are seeing more island activity as summer remodeling and updating projects are completed and business establishments are reopening for “season”. Traffic is picking up too as residents are returning to their island homes in time to vote. Our Swiss friends, Doris and Hans, will be arriving soon for their fall visit. We love that they share their photos with us. Here are a few from past years.

Racoon peeking out, taken by Doris & Hans.

I was out showing condos yesterday afternoon, while Lisa and Dave held our new Wilton Lane listing open for Realtor Caravan in the morning. We had a flurry of showing requests today and some weekend requests. The islands Multiple Listing Service activity for the week follows a few news items below.

Anhinga drying wings at the beach, by Doris & Hans.

Fall Weather Comes to Sanibel & Captiva Islands

Today was my first “sun-roof open” day since last spring. Temperatures dipped into the high 60’s last night. As I headed to the office this morning, my car registered 72 degrees, but the best part was “no humidity”. Today’s high was expected to be 88 degrees, but it has only reached 84 with nary a rain cloud in sight – just bright blue clear skies. It is expected to stay that way through the weekend – a plus for our weekend showings.

Roseate spoonbills at the Refuge taken by Doris & Hans.

Heron among the mangroves, by Doris & Hans.

‘Ding’ Darling Days Highlights (10/14-20)

This week-long event begins on Sunday with many free events plus discounted birding, tram, biking, hiking, kayaking & nature excursions:

Sunday – Family Fun Day with all events FREE from 10:30 a.m. – 4 p.m. at ‘Ding’ Darling Education Center including live snake presentations, live native wildlife presentations, puppet parades, touch tank, nature crafts, naturalist-narrated tram tours, & admission to Wildlife Drive.
Monday – Endangered Species Day during this Lee County Schools holiday the Refuge will have a FREE parade, Bunche Beach birding tram, & history of refuge endangered species lecture. The Henson Puppets also are performing their award-winning Celebration of Flight at 10 a.m.
Tuesday – All About Our Refuge Day with FREE beach walk at Perry Tract, cuckoos at the Refuge presentation, & story of the Sanibel bear program.
Wednesday – Wildlife Day with FREE animal tracks & scat program, story of the ospreys presentation, illegal wildlife trade presentation.
Thursday – Beach & Water Day with FREE beach walk at Perry Tract, sea turtles presentation.
Friday – Let’s Go Outside Day with FREE Wildlife Drive to hikers/bikers (closed to vehicular traffic except special, discounted Trams), Bailey Tract hike, America’s Darling documentary film national premier, Bunche Beach birding tram.
Saturday – Conservation Art Day – All events FREE at ‘Ding’ Darling Education Center, Wildlife Drive, plus fee snacks & beverages.

Oktoberfest & 2nd Sunday BBQ Bash

Sanibel’s American Legion at Mile Marker 3 on Sanibel-Captiva Road is hosting an Oktoberfest on Saturday & Sunday, 10/13 & 14, plus an evening jam fest of local musicians with open mike.

The Marty Stokes Band appears on Saturday and The Troublestarters on Sunday.

U.K. Buyers Must Act Quickly to Secure Florida Property Bargains

Just after I hung up the phone from talking with a buyer in the UK on Wednesday, I saw this article posted on line at Florida Realtors®. It’s all about the timing!

“Property prices are currently low in Florida, making it the best time to buy in years, but could soon be on the rise. “Now is the time to buy in Florida. We’re starting to see the beginning of the shift from a buyer’s to a seller’s market,” says Dr. John Tuccillo, chief economist for Florida Realtors®. “Sales numbers and home prices have both been rising, and we expect the trend to continue as more international buyers take note of the opportunities here, and the market’s recovery gains traction. There are some real residential bargains to be found for British buyers.” For United Kingdom buyers, bargain prices look even better thanks to the best dollar-pound exchange rate in six months.

“Florida appeals to international buyers for its subtropical weather, beaches and attractions, but many of these buyers also see investment potential, particularly within the rental market. Some would-be landlords enter the market even when they don’t plan to vacation in their house, seeking out Florida property that already has tenants. Florida sales to international buyers accounted for over a quarter of all U.S. international property market sales last year, according to the National Association of Realtors®, and Florida’s popularity is still rising among international investors. Florida Realtors recent research revealed buyers from Canada, Brazil and Venezuela are now joining British buyers in taking advantage of Florida’s property bargains.

“Florida Realtors research finds that the median price for a single-family Florida home is £91,000, with Orlando the most popular destination for Brits. In Orlando a 4-bedroom home with private pool and garden can be snapped up for around £125,000 – 75% of a similar-sized home in the U.K. “Buyers who have been waiting on the sidelines should see this as a sign to jump in before the market escapes them again,” says Florida Realtors® President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “We understand this is a big step, so to help international buyers understand Florida’s potential, we’ve put together a few tips and tricks for Brits looking to buy.”

“Tips and facts on buying Florida property:
• Visit www.fl.living.net to contact a Realtor in Florida and get more information.
• Florida’s property purchase system is different than the U.K.’s and can be confusing. Appropriate professional guidance is essential.
• There are no restrictions on foreign purchases of U.S. real estate, and international buyers can apply for conventional mortgage financing.
• When calculating how to buy a Florida home, include escrow fees and closing costs – part of the purchase costs – in calculations.
• Do your homework and consult several currency exchange companies in the U.S. for the best exchange rate, which can save thousands.
• If you choose to rent the property, note that Florida is one of the few U.S. states with no state income tax.
• Understand the homeowner taxes and U.S. tax process, which can be complex and may involve payments to at least four different levels of government: local, regional, state and federal. A Realtor can help explain this.
• U.K./U.S. visa regulations allow international visitors to stay up to three months at one time without getting an alternative visa. Arrange passports, visa and residency status before travelling to the U.S.

“Representatives from Florida Realtors, including Chief Economist Dr. John Tuccillo, spoke at the Property Investor Show in London yesterday and today at the ExCeL London Exhibition and Convention Centre.”

Shell Money Is Fragile

The October issue of “Junonia” which is the newsletter of The Sanibel-Captiva Shell Club has an interesting article about preserving shells. It advises that proper housing and storage of these collections are as important as those of paper notes, coins, tokens and metals, and other currency. “Shells, from either a fresh water or marine environment, are essentially calcium carbonate…” which is “sensitive to acids. Shells stored in an acidic environment such as a cardboard box or plywood cabinet can develop what conservators refer to as “Byne’s Disease”. Shells with Byne’s Disease are covered in a white efflorescence resembling salt…These salts crystallize on, and through, the shell’s outer surfacing causing irreversible damage. Shells that exhibit Byne’s Disease will, if not removed from their corrosive storage environment, eventually disintegrate…Higher temperature and higher relative humidity will speed up this reaction. Avoid storing shells in wooden cabinets or cardboard boxes. Storage materials recommended for shell collections are similar to those recommended for storage of other numismatic materials. These include: archival quality acid and lignin-free boxes and tissue; and safe plastics such as polyethylene, polypropylene, polyester and polystyrene. Powder-coated steel is the material museums have preferred for safe shelving and cabinetry for many years….”

Sanibel & Captiva Multiples Listing Service Activity October 5-12

Sanibel
CONDOS
2 new listings: Kimball Lodge 2/2.5 $425K, Kings Crown #313 2/2 $625K.
No price changes, new or closed sales.

HOMES
6 new listings: 945 Main St 3/3 $499K (short sale); 2166 Egret Cir 3/2 $527,555; 9446 Yucca Ct 3/2 $545K; 1225 Junonia St 3/2 $849K; 6123 Starling Way 3/2.5 $1.089M; 1660 Bunting Ln 4/3.5 $1.099M.
3 price changes: 5650 SanCap Rd 2/2 now $685K, 4949 Joewood Dr 5/5 now $2.685M, 5071 Joewood Dr 4/4.5 now $3.99M.
No new sales.
4 closed sales: 2991 Singing Wind 3/2 $347K (our buyer), 1753 Bunting Ln 3/2 $458.9K, 1121 Skiff Pl 3/2 $527.5K, 476 Las Tiendas Ln 3/2 $500K (short sale).

LOTS
No new listings or price changes.
1 new sale: Bay Dr listed for $299.9K.
No closed sales.

Captiva
CONDOS
2 new listings: Ventura Captiva #2A 2/2 $699K, Sunset Captiva #101 2/2 $869K.
No price changes, new or closed sales.

HOMES
1 new listing: 11513 Wightman Ln 5/5 $1.895M.
1 new price: 17061 Captiva Dr 4/3.5 now $1.75M.
No new or closed sales.

LOTS
Nothing to report.

October is a Favorite Month on Sanibel & Captiva Islands

Posted on October 5, 2012 by SanibelSusan

It’s another beautiful Friday on Sanibel Island and a good week for The SanibelSusan Team. Several listings had positive showings. Our listing at Colony Resort and our new listing in Sanibel Lake Estates both went under contract, while our new listing in Gumbo Limbo was filmed this week and will be on Realtor Caravan next Thursday. We fielded more inquiry calls this week too – all signs of fall and up-north temperatures changing. We hope that the Columbus Day visitors on Monday will bring business too. Rumor has it that the nightly accommodations are well booked for the long weekend.

Here are a few island and real estate news items followed by an activity report from the Sanibel and Captiva Islands Multiple Listing Service.

Shell Harbor Entrance Dredging

Starting Monday, October 8, the City of Sanibel will begin dredging the entrance channel to the Shell Harbor canal system. The channel will remain open for use during dredging, but there may be short periods when boat traffic will be stopped. The work will take a few weeks to complete. The “before” photos below were taken today. So in a few weeks, the “after” pictures also will be posted.

This slideshow requires JavaScript.

Shore Haven Moves to Sanibel’s Historical Village

Wednesday morning, after late evening/early morning delays thanks to summer showers, one of Sanibel’s early landmarks, Shore Haven, was moved to its new permanent home at the Sanibel Historical Museum and Village on Dunlop Road. Shore Haven is an early 20th century Sears & Roebuck kit home that arrived on Sanibel by barge in 1924. The 2-bedroom 2-bath home on Bird Lane was recently donated to the museum and is the eighth historic building to be moved from its original site to the village. It takes its place among the original Rutland House, the Sanibel Packing Company, the Burnap Cottage, the Old Post Office, Miss Charlotta’s Tea Room, the Old Bailey General Store, Morning Glories Cottage and the Old School House. The photos shown below were taken as the house was arriving at the village on Wednesday.

Energy Costs

As a certified Eco-Broker®, I am always looking for more ways to share info about the environment and conservation. Here are some tips paraphrased from an article I read this week posted by the National Association of Realtors®. It said that some folks may be looking for energy savings in all the wrong places. Their energy bills are going up even though they think their energy use is going down. Energy is the only product we buy on a daily basis where we have no idea how much we pay for it. Some wonder why we are using more energy now. One of the reasons is that we simply have more items plugged in than we did a few years ago – chargers for electronics, iPads, and Xboxes are just some of the things that are energy hogs. Plasma TVs, for example, use as much energy as a refrigerator. They are becoming more efficient, but if you had the old square CRT-type TV and replaced it with flat-screen plasma, you instantly were paying your utility company more than you did before.

People buy an Energy-Star refrigerator, but then put their old one in the garage as a beer or cold drink fridge. The article used as an example a person in the process of selling their home. They were no longer living in the property and the HVAC was turned off, but the house had an old refrigerator inside and a freezer plugged in on the back porch. The utility bill was $50 a month with the lights and the heat off. By unplugging the fridge and freezer, the bill was cut in half.

Some also think that if they are saving in one way, they can use more of something else. People say “I bought these CFLs (compact long-lasting fluorescent light bulbs), so now I can leave the lights on and not pay more.” Or, “I bought a high-efficiency washer and dryer because I want to do more laundry without paying more.” There is this disconnect because most of us have no idea how our homes really work, so we do not know how to make the biggest impact. That often is why consumers run out and replace their windows first, when that should probably be fifth or sixth on the list of energy-efficient improvements to make, and they totally ignore effective activities like caulking and sealing that cost far less.

The aesthetic draw of new windows is really strong. Consumers also can talk themselves into it because they think it will improve resale value. But more than that, if you put your hand up to a window, even an energy-efficient window, you can feel that it is hot or cold, so people just assume that is where the biggest problem is. But for the average homeowner, new windows are not always the best use of their home improvement dollar. Every situation is different, but other projects usually cost far less and offer a faster return on the investment. $12K spent on windows could save 7% to 15% on an energy bill, according to Department of Energy data. But spending around $1K for new insulation, caulking, and sealing may save 20% on the energy bill.

Trulia & Zillow Less Effective Than Realtors®

As one who cringes when a caller asks about inaccurate information posted on Trulia or Zillow, I was happy to read the below article posted today on Florida Realtors®. Even if you do not read the article, please know that the Sanibel & Captiva Islands Multiple Listing Service does not sell their data to third parties like Trulia and Zillow, which means that they get their data from other sources and that it often is not representative of the true market. It is no wonder that we sometimes get inquiries about properties that sold months, if not years, ago.

“The WAV Group, an independent real estate industry research analyst, studied 33 zip codes in 11 U.S. markets to analyze the accuracy of website listing services. According to the study funded by Redfin, online listing services such as Trulia and Zillow didn’t have the same accuracy as broker-owned websites, in large part because licensed agents have direct access to a local Multiple Listing Service (MLS). According to the WAV Group release, “local real estate brokerage websites give consumers the most complete, accurate and timely information about homes for sale.” The study evaluated sites from three local real estate brokerages that help consumers buy and sell homes. It compared those brokerage’s listing search results to two national portals, Trulia and Zillow.

“In the markets analyzed, the study concluded:
• Local real estate brokerage sites display 100% of agent-listed homes for sale compared to about 80% on the national sites.
• Local real estate brokerage sites show newly listed homes for sale seven to nine days earlier than national portals.
• Local real estate brokerage sites almost never show a home listing as active after it has been sold; about 36% of listings that appear as active on national portals are no longer for sale.
• The WAV Group, a national consultancy specializing in real estate technology, conducted the study. Independent analysts verified the study data, record by record.”

“Redfin, a technology-powered broker with more than $5 billion in home sales, sponsored the study. Listing data from the websites of Long & Foster, one of the largest independent real estate brokerages in the U.S. and Windermere, the largest regional real estate brokerage in the Western U.S., was also included in the study. “We analyzed … more than 6,000 listings in 33 zip codes in 11 markets (and compared) the data on various websites against 14 local Multiple Listing Services,” says WAV Group CEO Victor Lund. “The findings are clear: real estate brokerage websites showed by far the most homes for sale, recognized which homes were no longer for sale, and displayed new listings much earlier.”

“According to WAV Group, the brokers’ advantage comes from direct access to local real estate databases. Only real estate brokers are members of a local MLS. In contrast, national portals usually rely on real estate agents or brokers to re-post MLS listings, or the portals aggregate data from real estate information syndicators. Since syndicators wait until an agent updates a listing, the full results can be inaccurate. With a broker’s MLS-based service, most listings are updated in real time, typically every 15 to 30 minutes. According to the study, it took a median of nine days for a listing to appear on Trulia or Zillow after it appeared on a real estate broker’s website. Homes, once sold, also appeared to be active listings for a while on Trulia and Zillow.

“Markets included in the study: Boston, Chicago, Denver, Los Angeles, Philadelphia, Phoenix, Portland, San Diego, San Francisco, Seattle and Washington, D.C.”

Sanibel & Captiva Islands Multiple Listing Service Activity September 28-October 5

Sanibel
CONDOS
2 new listings: Coquina Beach #5C 2/2 $358.9K, High Tide #A102 3/2.5 $1.369M.
4 price changes: Colonnades #9 1/1 now $129K, Sanibel Arms West #K3 2/2 now $375K (short sale), Sundial #J108 2/2 now $490K, Heron at The Sanctuary #1B 3/2.5 now $589.9K.
1 new sale: Colonnades #47 1/1 listed for $130K (our listing).
3 closed sales: Sundial #Q201 2/2 $445K, Heron at The Sanctuary #2B 3/3.5 $584.5K, Pointe Santo #C43 3/2 $750K (our buyer).

1521 Wilton Lane – JUST LISTED

HOMES
6 new listings: 1521 Wilton Ln 3/2 $499K (our listing), 9307 Dimmick Dr 2/2 $559K, 9459 Begonia Ct 3/4 $720K, 1183 Kittiwake Cir 4/3 $769.9K, 743 Sand Dollar Dr 3/2 $950K, 4340 West Gulf Dr 5/3.5 $2.5M.
6 price changes: 1948 Roseate Ln 2/2 now $382.5K, 220 Palm Lake Dr 2/3 now $495.5K, 1366 Sand Castle Rd 3/2.5 now $679K, 1207 Par View Dr 3/2 now $759K, 1555 San Carlos Dr 2/2.5 now $975K, 1765 Venus Dr 3/3 now $1.15M.
4 new sales: 1978 Roseate Ln 3/2 listed for $449K (our listing), 471 Las Tiendas Ln 3/2 listed for $549K, 1263 Par View Dr 5/2.5 listed for $629K, 848 Limpet Dr 3/2.5 listed for $1,199,999.
5 closed sales: 1211 Periwinkle Way 3/2 $320K; 2134 Egret Cir 3/2 half-duplex $349K; 1086 Sand Castle Rd 3/2 $490K; 494 Surf Sound Ct 5/2.5 $786,093K; 999 East Gulf Dr #103 4/3 (Plantation Village) $1.1M.

LOTS
1 new listing: 2356 Wulfert Rd $189K.
No price changes or new sales.
2 closed sales: 2630 West Gulf Dr $80K (short sale), Gulf Pines Dr #260K.

Captiva
CONDOS
1 new listing: Captiva Hide-A-Way #1C 2/2 $589K.
1 price change: Bayside Villas #5134 1/2 now $267.9K.
No new sales.
2 closed sales: Bayside Villas #5228 1/2 $270K, Beach Villas #2433 2/2 $635K.

HOMES
Nothing to report.

LOTS
2 new listings: 16970 Captiva Dr $2.995M, 16980 Captiva Dr $2.995M.
No price changes, new or closed sales.

Getting Ready for “Season” on Sanibel & Captiva Islands

Posted on September 28, 2012 by SanibelSusan

Pool at our new listing at 1978 Roseate Lane in Sanibel Lake Estates

Now that the calendar has officially turned to fall, more Sanibel and Captiva Island events are being scheduled and more new businesses are in the news. Here is a sampling, followed by the activity reported this week in the Sanibel/Captiva Multiple Listing Service.

Realtor Caravan & Monthly Membership Meeting

Yesterday, the Sanibel & Captiva Islands Association of Realtors® monthly membership meeting was well attended. Speakers Roy Gibson and Scott Fulton from Sanibel’s Department of Planning and Code Enforcement updated members on the progress of the City’s current Evaluation and Appraisal Report of The Sanibel Plan. They reminded us that when The Sanibel Plan began in 1976, the number of allowable dwelling units of Sanibel was established at 7,800. That number was amended and increased to 9,000 in 1989, where it remains today, with “build-out” near.

For those interested in reading the plan, which is the basis for Sanibel’s Land Development Code, it is a living document and periodically reviewed and updated, here is a link www.mysanibel.com/content/download/539/3306

Upcoming Events

4th Annual 10K Race for FISH – As the main fundraiser for island non-profit FISH (Friends in Service Here), more than 400 runners are expected to participate on Saturday October 13 when the race begins at 7:30 a.m. at the Sanibel Community House.

4th Annual Sanibel-Captiva Cracker Festival – At The Bait Box at 6 p.m., Friday, November 2, this event includes an evening of dining & dancing (Danny Morgan & The Apple Butter Bank), plus live auction and raffles. The Cracker Fest celebrates Florida’s cultural heritage and laid-back atmosphere while raising awareness and financial support for Sanibel-Captiva Chapter of Solutions To Avoid Red Tide, Inc. (START) whose mission is to support educational, scientific, and marine habitat, species preservation/restoration, and promotion of healthy beaches and waterways.

First-Ever Coast-to-Coast Expedition Challenge – As part of the Calusa Blueway Paddling Festival, departure of racers begins at 2 p.m. Sunday November 4 on the Sanibel Causeway. This 240-mile self-sustaining human-powered race featuring small non-motorized sailboats and paddle craft will snake from Sanibel though the Everglades to end on the following Sunday, November 11 in Miami. The route commemorates the discovery of Florida and follows the route of Ponce de Leon’s fleet in 1513.

For the Foodies

Zebra Frozen Yogurt – In Bailey’s Shopping Center in a space recently occupied by KOR Island Provisions, and prior to that Sanibel Beauty Shop, this proposed new business will occupy a 1,435 sq. ft. commercial unit in the center and will have 20 indoor seats as well as carry out. It also will be eligible for some bonus outdoor seating. Their goal is to open for Sanibel’s early December Luminary Trail, but because it involves on-site food preparation, conditional use review and approval is required by the Sanibel Planning Commission.

Doughnut Shop Hearing – An application for a new doughnut, coffee and sandwich restaurant with 40 seats will go before the Sanibel Planning Commission on Tuesday, October 9. Previously a real estate office, the owner of the parcel at 1020 Periwinkle Way, east of The Lazy Flamingo, wants to convert the existing commercial building to a fast food restaurant.

Update on The Dunes Piping Replacement Project

The first phase of the 2-phase Dunes water main replacement project is completed. Thanks to dry ground from mid-April through mid-June, Island Water Association reports that Phase 1 of the project (from the clubhouse north and west), finished two months ahead of schedule. Rather than delaying more work until the off-season and since the first phase was completed early, Phase 2 now is underway, including the southern portion of Sand Castle Road. It should be done by the end of the year.

A Little More on Island Water & Conservation

Island Water also recently reported that Sanibel rainfall this year has been right on average, or about 30″ during the first eight months of the year, with 19.51″ of rain from June through August. Even so, there has been a big water demand even during the summer rainy season, especially during the early morning hours from property irrigation systems.

Did you know that sprinkler systems are required to have rain sensors installed? And working properly? When the islands occasionally experience storm-related electrical outages, these sprinkler systems rely on batteries to keep their day/time correct. Please check your system to ensure that it is operating correctly and that sprinkler zones are set to run for periods shorter than 30 minutes. Everyone needs to do their part to conserve our water! We locals go “grrrrr” whenever we see sprinklers going full blast in the middle of a summer shower. I often see them during just my short drive to and from home and office.

Sanibel Community Chorus

As one of the original members of the BIG ARTS Sanibel Community Chorus, SanibelSusan always is fired up each fall when we start singing again. The group meets at BIG ARTS on Tuesday evenings from October through April and has grown from just a handful of singers in the early 90’s to 85+voices strong during high season. No auditions are required and new members are always welcomed. The Chorus already is scheduled to perform on Sanibel at BaileyFest (October 21), the Thanksgiving Celebration at The Community House (November 18), the Art Fair at The Community House (November 24), a Sanibel Bike Club Meeting (December 3), and both Sanibel and Captiva Luminary nights (December 7 and 8, respectively). The Community Chorus Holiday Concert will be at 7 p.m. on Thursday, December 6 at BIG ARTS Schein Performance Hall, followed by a holiday break until early January when the spring series begins.

Recent Wildlife Rediscoveries on Sanibel

SCCF’s (Sanibel-Captiva Conservation Foundation) October newsletter arrived yesterday. It was interesting to read about two animals reappearing on the island.

Eastern glass lizard (Photo credit: Sophro)

One is an eastern glass lizard, previously documented only once on Sanibel in 1959. Glass lizards are legless lizards resembling snakes, because they do not have any limbs. An injured one that was brought to CROW (Clinic for the Rehabilitation of Wildlife) in July did not make it, but it was the first of its species documented here in the last 53 years.

A couple of weeks later, another species reappeared up at the Sanctuary Golf Course. It was a hatchling Florida mud turtle. The last of those was seen on Sanibel in 1978. In mid-August, a second hatchling showed up on the golf course. SCCF reports that “there still are seven more species of amphibian or reptile (four frogs, three snakes) that were historically present on Sanibel that have not been seen in over 10 years.” It sounds like they are on the look-out for them though.

New Bike Path

Those out and about on the island this week probably noticed a new stretch of bike path being constructed on Bailey Road from Periwinkle to Bayview Drive. The path is part of Sanibel’s off-season capital improvement projects to widen, extend, repair and resurface many bike paths throughout the city.

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

Sanibel
CONDOS
2 new listings: Sanibel Siesta #210 2/2 $429K, Lighthouse Point #215 2/2 $629.5K.
5 price changes: Blind Pass #D205 2/2 now #315K (short sale), Cottage Colony West #101 1/1 now $450K (short sale), White Caps South #5 1/1 now $499K, Bougainvillea #4 3/3 now $999K, Golden Beach #2 3/2.5 now $1.395M.
3 new sales: Colonnades #9 1/1 listed for $147.9K, Sundial #C201 1/1 listed for $259K (short sale), Sundial #Q201 2/2 listed for $495K.
1 closed sale: Compass Point #143 3/2 $970K.

HOMES
4 new listings: 247 Daniel Dr 3/2.5 $799K, 228 Violet Dr 3/3 $1.395M, 1826 Woodring Rd 3/2 $1.98M, 4204 Dingman Dr 5/4.5 $1.995M.
3 price change: 967 Beach Rd 2/2 half-duplex now $550K, 1297 Par View Dr 3/2 now $769.5K, 780 Birdie View Pt 5/4.5 now $1.749M.
2 new sales: 445 East Gulf Dr 3/2 listed for $609K, 760 Birdie View Pt 4/3.5 listed for $769K (short sale).
No closed sales.

LOTS
1 new listing: Bay Dr $299.9K.
1 price change: 1450 Tahiti Dr now $239,555.
No new or closed sales.

Captiva
CONDOS
1 new listing: Sunset Beach Villas #2328 2/2 $649K.
No price changes or new sales.
1 closed sale: Tennis Villas #3120 1/1 $202.5K.

HOMES
Nothing to report.

LOTS
Nothing to report.

The Last Day of Summer & Real Estate News from Sanibel & Captiva Islands

Posted on September 21, 2012 by SanibelSusan

It was pretty quiet again this week on Sanibel and Captiva Islands, but a few more new listings came on the market. Lisa and Dave from the SanibelSusan Team were out showing property this morning. The good news is that island inventory is being depleted faster than it is being restored.

With the first day of fall being tomorrow, we are looking forward to more activity on the islands soon. Local weather reports, however, are that Southwest Florida probably won’t experience cooler weather for about another three weeks, when evening temperatures should drop into the low 60’s.

Below is a picture I snapped yesterday of a group of ibis snacking in the grassy area next to our parking lot.

Next Thursday morning is our Sanibel & Captiva Islands Association of Realtors® monthly membership meeting with speaker, Roy Gibson, from the City of Sanibel Planning Department. After that meeting, the SanibelSusan Team will be holding our new listing on Roseate Lane open for previewing Realtors®.

Below are some real estate-related news items, followed by the activity reported in the Sanibel & Captiva Islands Multiple Listing Service since last Friday.

Florida’s Housing Market Continues Positive Trend in August

“Florida’s housing market had more closed sales, more pending sales, higher median prices and a reduced inventory of homes for sale in August, according to the latest housing data released by Florida Realtors®.

““Florida’s housing marketing continues its momentum,” said 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “Buyers who have been waiting on the sidelines should see this as a sign to jump in before the market escapes them again. Sellers who have been hesitant to sell should put their homes on the market now. Chances are they will entertain multiple offers and be able to take advantage of historically low interest rates to buy their next home. Now our biggest challenge will be appraisals keeping up with the pace of this market.”

“Statewide closed sales of existing single-family homes totaled 18,669 in August, up 10.8% compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. Closed sales typically occur 30 to 90 days after sales contracts are written.

“Meanwhile, pending sales – contracts that are signed by not yet completed or closed – of existing single-family homes last month rose 40.2% over the previous August. The statewide median sales price for single-family existing homes in August was $147,000, up 5.8% from a year ago….

“Looking at Florida’s year-to-year comparison for sales of townhomes/condos, a total of 8,767 units sold statewide last month, up 5.7% from those sold in August 2011. The statewide median for townhome-condo properties was $102,980, up 13.2% over the previous year. NAR reported the national median existing condo price in July 2012 was $180,700.

“Last month, the inventory for single-family homes in August stood at a 5.3-months’ supply; inventory for townhome-condo properties was also at a 5.3-months’ supply, according to Florida Realtors. Industry analysts note that a 5.5-months’ supply represents a market balanced between buyers and sellers.

““Florida’s housing market is still reviving,” said Florida Realtors Chief Economist Dr. John Tuccillo. “Everything that should be going up is going up, and everything that should be going down is going down. After the six years of turmoil that we had, it’s good to see the trends strongly moving in the right direction. We’re hurting for inventory, but it’s possible that the improving conditions will lure more sellers into the market and mitigate the housing inventory crunch.”

“The interest rate for a 30-year fixed-rate mortgage averaged 3.60% in August 2012, lower than the 4.27% averaged during the same month a year earlier, according to Freddie Mac….”

How Market Improvement Relates to Sanibel & Captiva Islands

Although Sanibel and Captiva comprise a small portion of the state inventory mentioned in the article above, here is how they stack up.

Sanibel & Captiva

Condos Homes

# Average Price # Average Price

For Sale 211 643,089 219 1,693,444

Under Contract 13 510,931 28 974,698

Sold 2012 to-date 156 623,046 160 913,987

Sold 2011 135 629,361 149 987,302

Sold 2010 114 582,555 107 821,903

As the above statistics show, prices have not rebounded yet, but the number of sales has increased significantly, pushing inventory down. At the current rate of sales, there are less than 11 months of condo inventory and less than 10 months of home inventory. Good news for sellers as we head into last quarter and first quarter, which typically are our best selling months on the islands.

City of Sanibel Cuts Property Taxes

As follow-up to the news posted last week about Sanibel’s property taxes, the “Island Sun” reported the following this week: “With a nip here and a tuck there, the Sanibel City Council on Tuesday produced a svelte final budget that calls for a reduced millage rate –
albeit a small one – and further savings for island taxpayers. As called for at the previous budget session, City Manager Judie Zimomra presented items that could be trimmed totaling $224,500. Council opted for most of them, reaping a savings of $199,500.

“The goal had been to trim $162,000 to reduce the 2.1389 working millage to 2.1. The cuts included refining two road projects to save $67,500 and postponing improvements to MacKenzie Hall ($32,000) and installing a system to video stream council meetings ($35,000). Council also chose to delay $400,000 in improvements the Center4Life, instead using $90,000 already budgeted for architect fees to do necessary repairs and maintenance, including fixing a leak that’s coming up through the floor. In all, the cost-cutting amounts to approximately $508,000.

“However, the city has to subtract nearly $91,000 for costs incurred from Tropical Storm Isaac, which will not receive state or federal reimbursement. That leaves net $350,000 to add to the ending fund balance. The owner of a home valued at $527,000 – the island average – will pay taxes of $1,106, down from the $1,127 the working millage would have cost. That doesn’t include taxes for voted debt such as the Sanibel Recreation Center and land acquisition. The focus for some time has been on reducing expenses and paying down debt, as the city sees lower income due to property values that fell almost 2% this year. Operating expenditures are projected to be $26.552 million, down 21% from last year, when expenses totaled $33,445,376. The budget includes a “sinking fund” for the five-year-old recreation center to retire the bonds, use for future operating costs and maintenance using a funds balance of about $1 million. The plan is to make $216,219 in annual contributions beginning in 2014. Council voted to allocate $440,000 to the sinking fund, representing two years’ contributions, keep some as a balance and pay down rec center debt. The center’s operating costs are projected at $2.088 million next year.”

Four Big Design Turn-Offs of Home Buyers

A recent article by Melissa Tracey in “Home Trends, Room Makeovers” at “AOL Real Estate” is right on-point with some of the complaints we have heard from buyers.

“Certain dated design features in a home can really make some home buyers cringe. Could your listing have one of them? A recent article at AOL Real Estate spotlights a few pet peeves of home buyers when touring homes today. Among the items making their list:

“1. Popcorn ceilings: The speckled ceilings can attract dirt and be impossible to paint. Plus, if the home was built prior to 1980, the ceiling may contain asbestos and need to be tested by an inspector. Fix it: Unfortunately, there’s no quick fix for removing popcorn ceilings; it can get messy. It’ll have to be scraped off and the ceiling then will need to be repaired. Plus, you’ll want to have it tested for asbestos before scraping. Home owners will likely want to consider hiring a professional to do this.

“2. Carpeting everywhere: Many home buyers today have a fondness for hardwoods over wall-to-wall carpeting. Carpeting can show spots and dirt, which can serve as a quick turn-off to potential buyers who prefer the more polished look of hardwoods. Fix it: Have the carpet professionally cleaned if your seller can’t afford to swap out the carpet for hardwoods. Make sure the carpet is spot-free and looking new. If sellers are willing to spend some money, they might consider installing hardwoods on just the first floor or in just the dining room (pre-finished laminate can cost less). This allows the home to be marketed as having hardwoods, which could possibly draw in more potential buyers who won’t consider a home without.

“3. Brass fixtures: Shiny brass fixtures are viewed as out-of-date by most people’s standards nowadays. More on trend is satin-nickel or oil-rubbed bronze finishes. Fix it: Big-box retailers offer plenty of affordable lighting options nowadays to make this an easier, more budget friendly do-it-yourself project with big impact.

“4. Vanity lighting strips: The Hollywood-style strip with a line of bulbs of rounded lights hanging over your bathroom mirrors can also quickly date a home. Fix it: Find a lighting fixture that has shades for each bulb in a finish that matches your faucet. It’ll make the bathroom look more contemporary.”

Florida AAA-Rated

The following came from an e-newsletter received this week from Jeff Atwater, Chief Financial Officer, State of Florida:

“Last week, the Office of Economic and Demographic Research (EDR) released its revenue projections for the next fiscal year. Florida’s economists predict a $71.3 million surplus next year even without the $1 billion we currently have in reserves. We are fortunate to have a budget surplus because of Florida’s fiscal discipline over the last few years. These projections are the best our state has seen since the recession hit Florida in 2006, creating the first budget surplus in five years.

“We have made the necessary choices to provide for a prosperous future, just as every Florida family must do during challenging economic times. Gov. Rick Scott and state legislators have kept spending under control and maintained low taxes, thereby preserving Florida’s AAA credit rating – one of only nine AAA-rated states in the country – and saving taxpayers millions of dollars. Last year, Florida was also able to reduce its debt by $500 million. If we remain committed to a fiscally responsible path, we can keep more money in the pockets of Floridians and help improve our opportunities for economic success.”

Sanibel & Captiva Multiple Listing Service Activity September 14-21

Sanibel
CONDOS
5 new listings: Sundial #G407 1/1 $389K, Sanibel Moorings #341 2/2 $435K, Sanibel Arms West #L8 2/2 $479K, Blind Pass #E206 2/2.5 $498.5K, Sunset South #3B 2/2 $675K.
3 price change: Lake Palms #2 2/2.5 now $259K, Seashells #15 2/2 now $379K (short sale), Sanctuary Golf Villages I #6-3 3/3 now $740K.
No new sales.
2 closed sales: Sundial #C206 1/1 $244.9K, Heron at The Sanctuary #3B 2/2.5 $575K.

HOMES
4 new listings: 6457 Pine Ave 3/2 $429K, 1978 Roseate Ln 3/2 $449K (our listing), 471 Las Tiendas 4/2 $549K, 9203 Dimmick Dr 4/2 $749K.
4 price changes: 2621 San-Cap Rd 3/2 now $250K, 688 Cardium St 5/4 now $399.9K, 1610 Sabal Sands Rd 3/2 now $479.9K, 1263 Par View Dr 5/2.5 now $629K.
4 new sales: 799 Casa Ybel Rd 4/3 duplex listed for $399K, 9440 Begonia Ct 3/2 listed for $499.9K, 1121 Skiff Pl 3/2 listed for $589K, 1188 Harbour Cottage Ct 3/3 listed for $629K.
2 closed sales: 613 Sea Oats Dr 2/2 $342.5K, 2130 Sunset Cir 3/2 $451K.

LOTS
1 new listing: 3005 Turtle Gait Ln $289K.
No price changes or new sales.
2 closed sales: 545 Rabbit Rd $176K (our listing), 2251 Starfish Ln $261.9K.

Captiva
CONDOS
1 new listing: Tennis Villas #3131 2/2 #420K.
No price changes.
1 new sale: Beach Villas #2433 2/2 listed for $698.5K.
No closed sales.

HOMES
Nothing to report.

LOTS
Nothing to report.

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Fall Weather Comes to Sanibel & Captiva Islands

‘Ding’ Darling Days Highlights (10/14-20)

Oktoberfest & 2nd Sunday BBQ Bash

U.K. Buyers Must Act Quickly to Secure Florida Property Bargains

Shell Money Is Fragile

Sanibel & Captiva Multiples Listing Service Activity October 5-12

Share this:

Like this:

Share this:

Like this:

Realtor Caravan & Monthly Membership Meeting

Upcoming Events

For the Foodies

Update on The Dunes Piping Replacement Project

A Little More on Island Water & Conservation

Sanibel Community Chorus

Recent Wildlife Rediscoveries on Sanibel

New Bike Path

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

Share this:

Like this:

Florida’s Housing Market Continues Positive Trend in August

How Market Improvement Relates to Sanibel & Captiva Islands

City of Sanibel Cuts Property Taxes

Four Big Design Turn-Offs of Home Buyers

Florida AAA-Rated

Sanibel & Captiva Multiple Listing Service Activity September 14-21

Share this:

Like this: