Fall Weather Is Here – on Sunny Sanibel


Sanibelsusan Logo

 

 

Yippee, SanibelSusan is happy to report that fall weather really has arrived on Sanibel and Captiva Islands. The high yesterday was only in the low 70’s. Temperatures from now through Thanksgiving are forecast to be in the 60’s at night, topping out in the mid- to high-70’s during the days – perfect weather for the holiday and enjoying the islands.

SanibelSusan Realty Associates

We had another flurry of office activity this week – more listings opened for showing, more open houses, more inquiries. Most years, real estate sales are slow during the holidays – from Thanksgiving until the 1st week in January. Maybe this year will be the different. The island already is filling up with Thanksgiving week visitors and vacationers.

Sanibel & Captiva Islands Association of Realtors®

San Cap LogoYesterday was the Association’s November general membership meeting, held following an 8 a.m. breakfast at The Sanctuary Clubhouse. Sponsor was Simmons Law Firm. Speaker was Rae Ann Wessel, Sanibel-Captiva Conservation Foundation (SCCF) Natural Resource Policy Director.

These breakfast meetings always have a big turn-out and yesterday was no exception. President Joel Goodman announced that the “Fall Into Christmas” fundraiser for Friends Who Care was a big success. By the end of the meeting, additional cash donations for that charity had jumped to almost $3,800.

With “season” here, many new listings were announced, not many sales, but 19 properties were open for the morning caravan that followed the meeting. I viewed a stunning one overlooking Clam Bayou with amazing water and sunset views. (If you are here “in season”, you can usually plan on seeing new listings open Thursday mornings from 9 a.m. until noon. Because of increased winter traffic, the schedule rotates from east-end to west end. With Thanksgiving being next week, the next event is Nov 30 – east end when our new listings on Anchor Drive and at Mariner Pointe will be open.

The activity posted in the Sanibel/Captiva Multiple Listing Service since last Friday follows a few news items below.

Sanctuary Scoop

sanctuary golf club logoSanctuary Club General Manager & COO, Ken Kouril gave attendees an update on membership. As he said, “if you build it, they will come”.

The Sanctuary is a member-owned club, offering a golf course, racquet sports, fitness, wellness, and an elegant clubhouse with dining and social activities. Club members need not be residents of The Sanctuary neighborhood. Ken advised that last “season” they expected to sell 20 memberships, but sold 32. This year, just two months into season another 17 are gone. It’s definitely a popular spot!

Their premiere offering, the Equity Membership privileges include access to all Club facilities (which were refreshed, remodeled, and renovated summer 2016), a par-72 Championship Arthur Hills-designed golf course, driving range, short game area, putting green, chipping area, golf lessons, priority tee times, and tournament play, a 50,000-sq.ft. clubhouse, world-class dining, four Har Tru tennis courts, four Pickleball courts, and a 5,000-sq.ft. Wellness Center with a sports pool. The Wellness Center includes an 1,800-sq.ft. equipment room housing state-of-the-art cardio and strength training equipment, a dedicated stretching room, a 900-sq.ft. group exercise room for Pilates, yoga, and similar activities, comfortable well-appointed rooms for massage therapy, and a locker room area. Equity members have voting and redemption rights and hold an Equity position in the Club.

SCCF & Water Quality Update

SCCF logoRae Ann’s slide presentation included a progress report of the status of the EAA (Everglades Agricultural Area) reservoir which works with the CEP (Central Everglades Project). The project was approved by voters in 2000, but now 17 years later, it still has not been built. She noted an earlier FloridaRealtors® study on how water quality affects real estate values, not just within the Caloosahatchee Estuary area, but also inland.

The huge amount of water Florida received this summer, mostly thanks to Hurricane Irma, surpassed all records since those first recorded in 1947. The dark excess freshwater observed near the mouth of the Caloosahatchee River, particularly in the bay, resulting from Irma, illustrates how badly alternative outlets and additional water storage areas are needed.

Here’s a little history about Lake Okeechobee and its surrounding dike (thanks to Wikipedia): In the 1910’s the Herbert Hoover Dike was constructed around Lake O. Originally, it was just a small earthen dike. The containment was breached by a storm surge from the Great Miami Hurricane in 1926 and the 1928 Okeechobee Hurricane, killing thousands. After those disasters, Florida State Legislation created the Okeechobee Flood Control District which was authorized to cooperate with the U.S. Army Corps of Engineers in flood control.

After a personal inspection by President Herbert Hoover, the Corps drafted a new plan which provided for the construction of floodway channels, control gates, and major levees along Lake Okeechobee’s shores. A long-term system was designed for flood control, water conservation, prevention of saltwater intrusion, and preservation of fish and wildlife.

In the 1930’s a larger system of levees was built around the lake. Following heavy rain and flooding from two hurricanes in 1947 (the last time as much rain hit Florida as this year), the dike again was expanded. That expansion in the 1960’s created the current Herbert Hoover Dike. The dike almost completely encloses the lake. The dike now is about 30 feet high on average, but is falling into disrepair.

As SCCF reports, progress is being made on Everglades restoration projects critical to opening the southern end of the Everglades to move water south. Passage of the bill to establish the EAA reservoir will work in tandem with these projects to add water storage capacity south of Lake O to feed needed water to the Everglades and Florida Bay currently dumped to the estuaries.

While the EAA Reservoir does not solve all the problems, it is a major step forward and initial planning for the project has begun. Committee work for the next Florida legislative session also already has begun with the session opening on January 9 (two months earlier than normal because of the upcoming election year). SCCF has a legislation tracker at http://www.sccf.org/our-work/natural-resource-policy/sccfs-2018-legislative-session-tracker. Please follow the legislation and whenever a “call to action” is requested, please act. We all need to stay involved in Florida’s water.

Upcoming Events

Thanksgiving 2017Annual Sanibel Thanksgiving Celebration – You-know-who is singing with the BIG ARTS Community Chorus. Hope to see you there. Sunday, Nov 19, at 6:45 p.m. at The Community House with music and song. Sanibel School’s Seahorse Chorale also is singing. Free admission, but please bring a donation for FISH of San-Cap.

Fit-4-Life 10-Year Celebration – Monday, Dec 4 from 3 to 5 p.m. at the Sanibel Rec Center, with music, dancing, photo booth, bounce house, drawings, facility tours, cupcakes, and video.

Holiday Tips from LCEC

Lcec logoFour important tips to keep your spirits bright!

  1. Before you plug in lights, check for frayed wires, damaged sockets, & insulation gaps. Toss & replace any that are damaged.
  2. Consider LED lights which are cooler & more energy efficient.
  3. Don’t overload outlets or extension cords.
  4. Turn off all lighting before leaving the property or going to bed.

Top 10 Airlines Serving Southwest Florida

logo-rswHere’s a little info about the top ten airlines serving Southwest Florida (from the Oct/Nov 2017 “Gulfshore Business” magazine). All of the airlines mentioned below fly out of Southwest Florida International Airport (RSW), except Allegiant (Punta Gorda Airport). Their number of passengers to Southwest Florida and their headquarters, follow their name.

  1. Delta, 1.9 million, Atlanta
  2. Southwest, 1.8 million, Dallas
  3. American, 1.23 million, Ft Worth, TX
  4. Allegiant, 992,990, Las Vegas
  5. JetBlue, 981,000, New York
  6. United, 725,000, Chicago
  7. Spirit, 600,000, Ft Lauderdale
  8. Frontier. 383,000, Denver
  9. Air Canada, 164,000, Montreal
  10. Sun Country, 132,000, Minneapolis

2018 Sanibel Beach Parking Permits Available Now

parking-on-sanibel

On Wed, the 2018 Sanibel Beach Parking Permits became available at the Sanibel Recreation Center. To qualify for one, bring a valid vehicle registration for each vehicle AND a valid government-issued identification. A driver’s license showing a Sanibel address or proof of Sanibel property ownership is required to buy a resident/property owner “A” sticker.

2018 Parking Permit Decals & Fees (permits valid through 11/30/2018) include:

“A” resident/property owner permit $12 (resident &/or Sanibel ad valorem taxpayer property owner

“B” non-resident permit $124 (non-Sanibel ad valorem taxpayer property owner)

“C” restricted permit $90 (resident & non-resident)

“A/C” resident/property owner permit $102

“B/C” non-resident permit $248

Decal transfer or reissue fee $3 (residential & restricted)

General parking meter rate $5 per hour or any fraction

General parking at $5 per hour or “C” permit required for parking at Gulfside City Park (Algier’s) & the Sanibel Boat Ramp

“A” permit parking only at Beach Access Lots 1 through 7 on West Gulf Dr.

More details on www.mySanibel.com. (The Rec Center is open Mon through Thur 6:30 a.m. to 8 p.m; Friday 6:30 a.m. to 6:30 p.m.; Sat 8 a.m. to 5 p.m.; Sun 12 p.m. to 5 p.m.

Rec Center memberships are available too – daily, weekly, semi-annual, and annual.

Sanibel & Captiva Multiple Listing Service Activity November 10-17, 2017

sancap GO MLS logoSanibel

CONDOS

7 new listings: Mariner Pointe #122 1/1 $410K, Mariner Pointe #533 2/2 $499K, Mariner Pointe #1061 2/2 $599.9K (our listing), Lighthouse Point #321 2/2 $699K, Pointe Santo #D6 2/2 $699.9K, Sand Pointe #111 2/2 $715K, High Tide #C201 2/2 $1.045M.

Lanai a

Mariner Pointe #1061 lanai

 

3 price changes: Breakers West #A5 2/2 now $498K, Compass Point #192 2/2 now $1.195M, Bandy Beach #A101 3/2 now $1.299M.

1 new sales: Sanibel Arms West #G8 2/2 listed at $499K.

1 closed sale: Tarpon Beach #A102 2/2 $730K.

HOMES

12 new listings: 1394 Middle Gulf Dr 3/2 half-duplex $524.9K, 1342 Junonia Sr 3/3 $699K, 3358 Saint Kilda Rd 3/3 $979K, 1195 Par View Dr 3/2.5 $1.095M, 205 Hurricane Ln 3/2 $1.195M, 478 Sea Oats Dr 3/3 $1.295M, 1277 Par View Dr 4/3.5 $1.299M, 534 N. Yachtsman Dr 3/2 $1.395M, 805 Sand Dollar Dr 4/3 $1.449M, 2984 Wulfert Rd 3/3 $1.9M, 6021 Sanibel-Captiva Rd 4/3/2 $2.75M, 5615 Baltusrol Ct 4/6/3 $3.695M.

9 price changes: 1040 Sand Castle Rd 3/2 now $578K, 5306 Umbrella Pool Rd 4/3 now $799K, 1114 Captains Walk St 3/3 now $949K, 2313 Wulfert Rd 3/3 now $995K, 932 Whelk Dr 3/3 now $1.249M, 2190 Starfish Ln 3/3 now $1.395M, 1525 San Carlos Bay Dr 3/2 now $1.695M, 6192 Henderson Rd 4/4 now $1.949M, 4649 Rue Belle Mer 3/2.5 now $2.595M.

3 new sales: 545 Piedmont Rd 3/2 listed at $595.9K; 673 East Rocks Dr 3/2 listed at $688,888; 1312 Par View Dr 3/2 listed at $695K.

No closed sales:

LOTS

1 new listing: 4565 Bowen Bayou Rd $229,555.

No price changes, new sales, or closed sales.

Captiva

CONDOS

3 new listings: Captiva Shores #4B 3/2.5 $1.495M, Beach Homes #6 3/3 $2.499M, Sunset Captiva #302 4/3 $3.275M.

No price changes.

1 new sale: Beach Homes #7 2/2 listed at $1.795M.

No closed sales.

HOMES

1 new listing: 11506 Wightman Ln 3/3 $1.45M.

1 price change: 1121 Schefflera Ct 4/4.5 now $5.6M.

2 new sales: 11461 Old Lodge Ln 2/2 listed at $1.025M, 11500 Gore Ln 3/2 listed at $1.295M.

No closed sales.

LOTS

Nothing to report.

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

Thanksgiving wordsHappy Thanksgiving!

Susan Andrews, aka SanibelSusan

Friday the 13th on Sunny Sanibel


ShellsIt’s SanibelSusan, reporting another week of progress on sunny Sanibel Island. More storm debris piles have disappeared, more cars are on the roadways, many of the establishments closed in September have reopened, and the shelling continues to be fantastic.

Several of our listings had inquiries this week. Both teammate Dave and I have been out showing property, while teammate Elise’s report below of the action posted in the Sanibel/Captiva Islands Multiple Listing Service show that the only two Sanibel condo sales this week were at SanibelSusan Realty. You know we are thankful for that! Otherwise a slow week. The other island sales include two Sanibel homes and a single Captiva condo.Friday 13th

The island is experiencing periodic outages of both internet and phone service this afternoon, so this weekly update is short.

(Maybe related to Friday the 13th?).

Sanibel & Captiva Islands Association of Realtors\

Sanibel realtors logoAt the Thursday morning Caravan meeting yesterday at the islands’ Association of Realtors®, there were just a handful of new listings announced, but attendance was up with many affiliates and agents there.

Everyone is ready for “season” to begin.

Upcoming Events & Re-Openings

ding darling 2017“Ding” Darling Days – Beginning on Sunday, Oct 15, with “Free Family Fun-Day” including live wildlife presentations, a traveling learning lab, butterfly house, wildlife arts and crafts, free Wildlife Drive admission and tram tours, plus hot dogs. During all of next week, there are birding, biking, paddling, and boating tours, plus special daily programs. It wraps up next Saturday, Oct 21, with “Free Conservation Art Day” where attendees can meet Federal duck stamp artists and enjoy cartooning, nature photography, wood-carving demo. Free Wildlife Drive admission that day too. See full calendar of events at www.dingdarlingdays.com.

Museum LogoSanibel Historical Village and Museum – Reopens Tuesday, Oct 17, and will be open Tuesdays through Saturdays from 10 a.m. to 4 p.m. Guided tours are at 10:30 a.m. and 1:30 p.m.

Water Quality Presentation – On Tuesday, Oct 24, from 10:30 to 11:45 a.m. hosted by the Environmental Awareness Committee of the Captiva Island Yacht Club. Panel presentation and discussion called “Sanibel-Captiva Current Beach Water Quality Issues”.

Captiva yacht clubPanelists include James Evans, Director of City of Sanibel’s Department of Natural Resources; Dr. Eric Milbrandt, Director of the Marine Lab at the Sanibel-Captiva Conservation Foundation; and Dr. Erhard Jones, an environmental engineer and professor emeritus at the University of Wisconsin.

Hallo’Tween 2017 – Twice the fun this year at ‘Tween Waters Inn with two parties in one night: Outdoors on the Captiva House Patio, with a DJ and indoors at the Crow’s Nest with dancing to the country and rock sounds of the Gatlins.Hallo Tween 2017

Annual costume contest at midnight with a $1,000 grand price, plus more cash prizes, and lots of ‘Tween Waters Inn gifts.

$10 admission at the door.

Sanibel & Captiva Multiple Listing Service Activity October 6-13, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Tennisplace #E33 2/1.5 $320K, Beach Road Villa #104 2/2 $473K, Sanibel Arms #F2 1/1 $499.9K, Loggerhead Cay #153 2/2 $919.9K.

No price changes:

2 new sales: Ibis at The Sanctuary #B102 2/2 listed at $449.9K (our Listing), Cottage Colony West #138 1/1 listed at $575K (our Buyer).

Ext Front

Ibis at The Sanctuary Building B

 

 

CCW 138

Cottage Colony West at Casa Ybel Resort

 

3 closed sales: Ibis at The Sanctuary #B201 2/2 $470K, Sanctuary Golf Villages I #6-2 2/2.5 $627K, Lighthouse Point #327 3/2 $815K.

HOMES

8 new listings: 915 Palm St 3/2 $475K, 5292 Umbrella Pool Rd 3/2 $569K, 1550 Centre St 4/3 $715K, 9446 Beverly Ln 3/3.5 $899K, 5690 Sanibel-Captiva Rd 3/3 $996K, 1304 Eagle Run Dr 3/3 $1.2M, 529 Lighthouse Way 3/3 $1.295M, 1255 Isabel Dr $1.795M.

4 price change: 1710 Sand Pebble Way 3/2 now $659K, 1350 Middle Gulf Dr 3/3 half-duplex now $899.9K, 1743 Venus Dr 4/3.5 now $1.67M, 2167 Starfish Ln 4/4.5 now $2.195M.

2 new sales: 981 Sand Castle Rd 3/2.5 listed at $499K, 5305 Umbrella Pool Rd listed at $579K.

3 closed sales: 1311 Sand Castle Rd 3/2 $750K, 931 S Yachtsman Dr 4/3.5 $800K, 732 Windlass Way 4/3.5 $1.05M.

LOTS

1 new listing: 1028 Bayview Dr $2.195M.

2 price changes:  Lot 27, Leisure Acres now $79.9K, 667 Birdie View Pt now $345K.

No new sales.

1 closed sale: 6159 Starling Way $610K.

Captiva

CONDOS

No new listings.

1 price change:  Bayside Villas #5228 1/2 now $419.5K.

1 new sale: Beach Homes #8 3/2 listed at $2.625M.

2 closed sales: Tennis Villas #3118 1/1 $250K, Beach Villas #2517 1/1 $475K.

HOMES

1 new listing: 38 Sea Hibiscus Ct 2/2 $1.049M.

No price changes or new sales.

1 closed sale: 11500 Chapin Ln 4/4.5 $1.65M.

LOTS

Nothing to report.

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

Happy weekend to all…

Susan Andrews, aka SanibelSusan

Island Life – Getting Back to Normal


It’s SanibelSusan, reporting that there has been good progress this week in getting the islands back in order post-Irma – with more owners returning, more summer projects wrapping up, and more tree debris removed from the sides of local roadways

Post Irma Recovery

Today is the 18th consecutive day of roadside debris collection with three huge trucks and one smaller one working systematically from one end of the island to the other. The latest report from the City said that sweeps will continue until every roadway (public and private) have been serviced twice. So far 40,000 cubic yards of what has been collected has been converted to mulch, with the City finalizing plans to offer it to the community free.

Yesterday bright-and-early, I was excited to have a claw truck removing the huge pile in front of my home. This is a long tedious process with piles growing and utility lines often hampering efforts, but the crew was careful and efficient.

FISH 2017 10 K raceBecause of the main debris collection site being on Island Inn Road, the City is working with F.I.S.H. to come up with an alternate route for the F.I.S.H. annual 10K fundraiser race which is scheduled for October 28. I got a call from Nicole McHale, 2017 F.I.S.H. Board of Directors Chair, asking if I could get Realtor® volunteers willing to work that morning, manning the route, particularly at driveways, to aide in runner and public safety. The call is out, with plenty of us already volunteering.

A little advice to those not back on-island yet, bring patience. Those looking for pressure/window washing contractors and screen repairmen will likely have a wait. I’ve heard that screening material now is in short supply, compounding the delay for some repairs. Last night, the local news reported that it may take months, if not years, for some cage work to be completed. Orange barricade fences are recommended where needed for safety.

I got a letter from my landscaper advising that they expect to have their customers’ properties back to normal by Christmas. So, we are thankful that island damage was minimal and look forward, with patience, to a warm and wonderful fall and winter season.

Sanibel Approves Budget; Irma Plays Big Role

santiva chronicleSanibel City Council met yesterday, below is the article posted this morning at “Santiva-Chronicle” on-line:

Sanibelcityseal logo“Sanibel will operate on a budget lower than last year in 2018 and it will include expenses from Hurricane Irma, higher beach parking rates and a 15% increase in the cost of a membership at the Recreation Center.

“The City Council gave final approval to the 2018 fiscal year budget at a special budget meeting at City Hall on Thursday, Oct. 5. Most of the budget details had been finalized in the council’s regular meeting and budget hearing on Oct. 3 and Thursday’s meeting was a formality.

“The city’s final approved budget total for fiscal 2018 is $60,033,596. It was prepared based on a millage rate of 1.9139, which is the same as last year.

“By everyone’s assessment, the City of Sanibel performed well before, during and after Hurricane Irma, which came through on Sept. 10. The massive post-Irma cleanup has been orderly, but it still goes on and it hasn’t come without a cost.

“Irma caused Sanibel to dip into its 2017 disaster relief money and that is reflected in the new budget’s beginning fund balance. The disaster reserves haven’t been restored to the 2017 level and the city anticipates that state and federal reimbursements might be a long process. The reserve for disasters is budgeted to be reduced from $4.5 million to $3.7 million due to Hurricane Irma recovery expenses.

“The budget hit from Irma is a one-time occurrence, but the city’s budget woes involving beach parking and the Recreation Center are lingering problems. The council addressed both in the meetings leading up to the final budget approval session.

“The deficit in the beach parking fund now sits at $1.8 million. At its regular meeting on Oct. 3, the council on a 4-1 vote raised the hourly beach parking fee from $4 to $5, raised the B decal for non-resident parking from $99 to $124 and the BC decal for non-resident parking with a boat from $198 to $248. The increase goes into effect Nov. 15.

“The gap to make ends meet for the Recreation Center in the tentative 2018 budget was $384,000. The cost of classes at the Recreation Center will not increase, but much is coming under the knife and membership fees are going up 15% following action by the council at the Tuesday budget meeting an in an emergency meeting Thursday just prior to the final budget hearing.

“Several citizens appeared at the Tuesday budget hearing and they were relieved when Mayor Kevin Ruane said at the top of the meeting that class prices at the Rec Center will not go up. None of them complained at the 15% increase the council arrived at after discussion.

“Ruane presented figures showing that the 15% increase will offset $105,000. He also gave figures for 5% ($35,000), 10% ($70,000), 20% ($140,000) and 25% ($175,000). Several times over the past few years Ruane has said that he believes the cost of a membership is a value not offered in other communities. Councilman Jason Maughan picked up on that theme at the Tuesday budget meeting. “We are below one-half where everyone else is,” Maughan said. “I say we raise it 25% and call it a day.” “Is there a sweet spot?” Councilman Chauncey Goss asked. Recreation Department Director Andrea Miller suggested that 10 to 15% would be a good compromise. The council decided on 15% by unanimous vote.

“The second reading and public hearing would have occurred at the Nov. 7 council meeting, but that was moved up to the emergency meeting Thursday, where it passed on a unanimous vote. Since it was an emergency action, the council is required to approve the increase through the normal process in the coming months. The effort to bring the Recreation Center back to financial fitness will also include cuts totaling $76,000 in operating expenses and $156,000 in staff reductions.

“The 2018 final budget adopted Thursday is 3.9% lower than the 2017 adopted budget of $62,468,100 and 8.43% lower than the 2017 amended budget of $65,302,567.

“While the millage rate remains the same as 2017, it will raise more tax dollars. Sanibel’s taxable property value for fiscal 2018 was assessed by the Lee County Property Appraiser at $5.05 billion, which is 6.17% higher than the final posted value in 2017.

“Ruane said Thursday that had it not been for Irma, the city could have gone to the rolled-back millage rate of 1.8132. All of the budget proceedings were to have taken place in September, but were pushed back to October by the passage of Hurricane Irma.”

Water Quality

West wind 2017-10-06.jpgPhoto above taken this afternoon at the beach in front of West Wind Inn. The beach is narrow and the water still churned up from recent rain and wind, but the water looks pretty typical for post-storm.

I had lunch yesterday with a Realtor® pal often involved in continued efforts locally to improve water quality. Many of you have seen the aerial photos showing the discolored water in the bay now. That really does happen whenever there is a big rainfall and dead vegetation is churned up, particularly in mangrove area. Now, exacerbated with Lake Okeechobee releases. According to this week’s report on www.MySanibel.com:

“As of October 2, 2017, the elevation of Lake Okeechobee was 16.47 feet. Click here to see the Current Level of Lake Okeechobee .  The Lake is currently within the Top of the High Sub-band of the Lake Okeechobee Regulation Schedule (LORS2008). The Lake level is currently 0.71 feet HIGHER than it was at this time last year and approximately 1.71 feet HIGHER than it was in 2015.

“Heavy rainfall associated with Hurricane Irma resulted in Lake Okeechobee levels rising dramatically during the past three weeks. This prompted the US Army Corps of Engineers to begin regulatory releases to the estuaries. Click here for links to weekly Caloosahatchee Conditions Reports.

“During this past week, flows at the Franklin Lock averaged 10,497 cfs, with approximately 57% of the flow coming from Lake Okeechobee. Average flows are currently more than three and half times the high-flow ecological harm threshold of 2,800 cfs establish for the estuary, resulting in very poor salinity levels throughout the estuary.

“Water clarity in San Carlos Bay and along Sanibel’s beaches are being impacted by runoff from the Caloosahatchee watershed and discharges from Lake Okeechobee. Click here to see an aerial of the current water conditions at Lighthouse Beach Park.

As my lunch friend said, it is probably inevitable that there will be a bloom of red tide this winter, if not sooner. Please stay involved in efforts to improve water quality. Red tide is a natural phenomenon, but it can be limited/prevented.\

Trump Signs NFIP Extension Into Law

NFIPOn September 8, President Trump signed a 3-month extension of the National Flood Insurance Program (NFIP) that was due to expire on September 30. The signed legislation also authorized $15.25 billion in emergency funding for disaster relief and rebuilding that includes $7.8 billion for victims of Hurricane Harvey.

The program now will remain in effect until December 8. The NFIP provides flood insurance to 5 million homeowners nationwide. Lenders require flood insurance in order to close on mortgage financing if the home is in a flood zone.

The National Association of Realtors® supports the 21st Century Flood Reform Act, H.R. 2874, which passed the House Financial Services Committee a few weeks ago. The bill would reauthorize the program for five years, encourage private insurers to enter the market, cap annual insurance premiums at $10,000, and grandfather existing rates for certain homes that are already covered and in compliance with building standards. It also would make money available for owners to elevate their homes or take other flooding precautions and enable communities to use flood mapping techniques that are more accurate than the government’s. The bill would make a number of other reforms, including improvements to the processes for owners who file a claim or want to submit an appeal. (For updates, go to www.floodsmart.gov )

36th Annual Taste of the Islands

crow 36th tasteC.R.O.W.’s (Clinic for the Rehabilitation of Wildlfe) 36th Annual Taste of the Islands will be held Sunday, November 12, at the Sanibel Community Park (across the street from SanibelSusan Realty). Gates open at 12 p.m. and close at 5 p.m. The event features live music and showcases Sanibel and Captiva Islands’ vibrant and diverse restaurant community. New this year, guests can meet CROW’s Animal Ambassadors in the Sanibel Community House.

Live entertainment will be provided by the LCEC Killa-Watts. This unique musical group started as a fundraiser a few years ago and has grown, benefiting many causes throughout the Southwest Florida community. The core Killa-Watts members have been true to the mission of making music, having some fun, and helping those in need by sharing their talent at little, or no cost to help raise funds for worthy causes. They have opened for Lee Greenwood for a Veterans fundraiser, played dozens of United Way and Chamber of Commerce events, and supported efforts to fight Cancer, Heart Disease, Diabetes, and many other worthy causes.

Admission to Taste of the Islands is $7 and children younger than 12 years of age are free. Guests purchase CROW Bucks to get their “tastes” from participating restaurants. Item prices range from one to six CROW Bucks. Admissions and CROW Bucks are available for purchase at the event and in advance through CROW’s website (click here to buy online) and can be picked up at the Will Call booth at Taste of the Islands. Proceeds from Taste of the Islands ensure CROW’s continued success in providing the highest quality care and treatment of injured, ill and orphaned wildlife through state-of-the-art veterinary care. Funds also support public educational exhibits in the Visitor Education Center. Healthy wildlife means a healthy environment for all of us. For more information about the 36th Taste of the Islands, please visit http://www.crowclinic.org/articles/36th-taste-of-the-islands.

SanibelSusan Realty Scoop

Not a lot of island real estate action this week, but we did get a few inquiries from Sellers thinking about listing for “season” and the roadways are getting busier, indicating they “are back” and inventory may increase.

Florida Realtors logoCommittee assignments for 2018 at Florida Realtors® came out this week. It looks like the old gal isn’t going to be retiring anytime soon. Committee work yields good business connections, so I am happy to serve on the state leadership team again next year. The Mid-Winter Business Meetings are the end of January, with my five committees all during a 2-day window, so it will be a quick trip to Orlando for me then. The other committee obligation in Orlando is during the annual governance meetings in August (that sure seems like a long way off, and appreciated that it’s in what’s typically a slow time here).

We are hopeful that the island will be busy this weekend with some folks celebrating a 3-day Columbus Day holiday. We’ll be working.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoNo Association of Realtors® Caravan this week. The every-other-week schedule was revised to skip two weeks because of the Association’s annual meeting at the end of October. Next Thursday, we will have our new home listing in Gumbo Limbo on Caravan.

The action posted since last Friday in the Sanibel/Captiva Multiple Listing Service is below.

Sanibel & Captiva Multiple Listing Service Activity September 29-October 6, 2017

Sanibel

CONDOS

3 new listings: Lighthouse Point #217 3/2 $499K; Blind Pass #B207 2/2.5 $499,997; Plantation Village #312 3/2.5 $1.79M.

5 price changes: Blind Pass #E205 2/2.5 now $409K, Loggerhead Cay #463 2/2 now $519K, Snug Harbor #312 3/2 now $699K, Sand Pointe #215 2/2 now $719K, High Tide #C101 now $995K.

1 new sale: Sundial West #H406 listed at $789K.

3 closed sales: Sanibel Moorings #931 2/2 $490K, 1311 Sand Castle Rd 3/2 $750K, Royale Tern #103 3/3.5 $1.43M.

HOMES

5 new listings9448 Begonia Ct 3/2.5 $699K (our listing), 585 Lake Murex Cir 3/2 $725K, 707 Cardium St 3/2 $899K, 6123 Starling Way 3/2.5 $1.2999M, 2915 Wulfert Rd 5/6.5 $3.4M.

1 price change: 8995 Mockingbird Dr 3/3.5 now $949K.

2 new sales: 655 Anchor Dr 3/3 listed at $749K, 2628 Coconut Dr 3/2.5 listed at $1.35M.

4 closed sales: 2150 Egret Cir 3/2 $505K, 9455 Beverly Ln 2/2 $525K, 587 Sea Oats Dr 3/2 $660K, 3364 Twin Lakes Ln 3/2 $670K.

LOTS

1 new listing: 6411 Pine Ave $363.5K.

No price changes.

2 new sales: 2501 Wulfert Rd listed at $183.9K, 1026 Fish Crow Rd listed at $395K.

No closed sales.

Captiva

CONDOS

3 new listings: Beach Villas #2523 1/1 $539K, Sunset Captiva #204 2/2 $1.249M, Beach Homes #18 4/3 $3.445M.

No price changes or new sales.

2 closed sales: Bayside Villas #4118 1/2 $337K, Lands End Village #1614 3/3 $2.3M.

HOMES

No new listings.

1 price change: 15831 Captiva Dr 2/2.5 now $4.975M.

No new or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

Island Life After Irma


2017-09-11 beach2.jpg

Beach looking good 9/12/2017

 

SanibelSusan Team members were all back at their posts Monday morning and island life is returning to normal. Thanks to quick service by Dan from Tru-Clean, Inc. Carpet & Tile Care, our office carpet now looks better than it did pre-storm. 2017-09-19 TruClean

Local schools still don’t go back until Monday, with county education leaders now altering the school calendar to make up the 2+weeks lost. Both the Sanibel Recreation Center and the Sanibel Sea School provided free childcare programs this week for families working and assisting in recovery efforts.

As of the City’s Hurricane Irma report last night, just one reported property remains without power, while debris pickup continues. Roadside collections by claw trucks will be seven days a week beginning at 7 a.m. until all is removed. Some of the piles are huge, many reappearing as soon as debris is removed. Care, caution, and patience are needed traveling roadways and bike paths (most paths are not passable).

The Thurs City report also indicates that inspections of the public canals have been completed. The private canals are next, as the City finalizes plans for removing canal storm debris. They are thinking of everything.

If any good comes from an event like this, it’s the amazing comradery – neighbors helping neighbors & helping strangers too. We all owe a debt of gratitude to City workers, utility crews, and the many contractors that have come from near and far to assist in making homes and businesses livable again. The lessons learned from Hurricane Charley probably assisted in making this recovery smooth.

Thank you, Mayor Ruane, City Council, City Manager Zimomra and staff. With power back on and us again able to watch the news, many areas in Florida are not as fortunate as Sanibel. I sure am glad I live here.

SanibelSusan Realty Associates

2017-09-12 Office

Open & ready for business 09/12/17

Here at the office, we still are working on getting a sale closed that was scheduled on the Friday before the storm. Fingers crossed that it happens on Monday. The two offers that were in negotiations pre-storm didn’t make it, but I’m hoping to fan some life into them as recovery here continues.

 

Our new listing at Sunset South was open yesterday morning for Realtor® Caravan and we have had a few inquiries and showings this week too. The action posted in the Sanibel and Captiva Islands Multiple Listing Service since Sept 1 are posted after a couple of news items below.

(Note this activity covers a 3-week period, since we were without internet service the last two Fridays. Pretty slow real estate market during those weeks, just one new sale, a Sanibel condo. No sales on Captiva.)

Sanibel & Captiva Islands Association of Realtors®

Monthly Membership Meeting

Yesterday morning was the September Membership Meeting for the islands Association of Realtors®. Plenty of affiliates, sales associates, and brokers were in attendance to share post-Irma experiences and to hear guest speaker, Maggi Feiner, President and CEO of F.I.S.H. of SanCap.

2017-09-21 Maggi

Maggi Feiner speaking at the Assoc 09/21/17

F.I.S.H. is a unique comprehensive human-services organization focused for over 30 years on “neighbors helping neighbors” on Sanibel and Captiva Islands. Their mission is to lend a helping hand to those who live, work, and visit here. Their vision is to enrich the lives of those on the islands through an array of food programs, island-based workshops, and social services. Their many different programs, services, and workshops, are supported by full-time social workers, administrative professionals, and a team of volunteers.

 

Maggi shared some F.I.S.H. statistics from 2016 when they had 14,399 requests for help and provided assistance to 2,272 individuals. Most island needs or the individuals most at-risk and needing help are youth and seniors. The F.I.S.H. backpack program operates not just when schools are in session, but 52 weeks a year. They also offer after-school education, and one-on-one tutoring. They help with those needing eyeglasses too and their partnership with Sanibel Rec offers summer assistance.

Maggi advised that 53% of F.I.S.H. funding comes from individual donations, 27% comes from grants. She thanked Association members for their continued contributions, food donations, our recent Meals-of-Hope food-packaging event, their support for the annual “10K Race 4 F.I.S.H.” (coming up Oct 18) and F.I.S.H. Celebration, and for volunteering.

Toiletries for Hurricane Irma Victims

 Yesterday afternoon Sanibel/Captiva Islands Association of Realtors® staff and members of my Communications/Public Relations Committee bagged up donations that the Assoc had collected pre-Irma. We prepared 130+individual gallon zip-lock bags each with an assortment of toiletries, hair and shaving products, flashlights/batteries, socks, first aid and sewing kits, & more. In combination with food, water, and paper goods, also collected by off-island Realtors® and their friends, it all will be delivered to Hurricane Irma victims.

2017-09-21 Assoc.jpg

Big thank you to all who contributed and Realtor® helpers Deb Gleason, Kelly Huguenin, and Cathy Lewis, our Assoc Executive/CEO Bill Robinson and MLS Director Matt Alston. Realtor® Jay LaGace with LaGace Partners, ReMax Realty Team, Cape Coral coordinated efforts and provided a drop-off point with multiple vehicles and trailers to deliver the goods.

Hurricane Irma Strikes Refuge

ding darling goose logoThe following two articles are from the “Ding” Darling Wildlife Society Newsletter dated Sep 14, 2017:

“Hurricane Irma struck a lighter blow (reported winds of up to 80 mph) than expected to Sanibel Island on September 10. Extensive vegetation damage on Wildlife Drive and Calusa Shell Mound Trail will keep the

Refuge closed for an undetermined length of time, reports Supervisory Refuge Ranger Toni Westland. “It will take days with our limited staff, but it will make us stronger,” she said.

“Toni added that the storm seems to have had little impact on Refuge wildlife. “Hurricanes are a natural phenomenon, and wildlife has adapted,” she said. “Habitat and animals typically rebound quickly, and nature reconstructs in a hurricane’s aftermath. However, research is showing that as storms continue to increase in intensity, it will affect wildlife’s ability to bounce back.”

“She noted that the damage was much lighter and the recovery quicker at the Refuge and island than with Hurricane Charley in 2004. “That’s thanks to the removal of Australian pines and other exotics after Charley,” Toni said. “That’s why it’s so important to preserve mangroves and plant other native vegetation built to weather hurricanes.”

“For updates on the Refuge’s recovery progress, please monitor the official Refuge Facebook page.”

ding-ddlogo16“Ding” Darling Days STILL On – October 15-21, 2017

The Refuge plans to keep its annual “Ding” Darling Days eco-festival on track for October 15-21. CLICK HERE for a calendar and other details.

“Did you know? Mangroves have the potential to reduce wave and wind energy by 50%-75%. The J.N. “Ding” Darling National Wildlife Refuges is home to one of the largest undeveloped mangrove ecosystems. Mangroves not only ‘anchor’ an island down (and prevent erosion) during storms and high waves, but they also provide a safe place to shelter for many different species of wildlife. Natural and wild places are critical for communities to recover after a hurricane so that flooding can be absorbed by nature.”

Re-openings, Temporary Closings & More

Funny how fast September flew by this year. Already some of the places that closed for summer breaks, employee vacations, deep cleans, remodeling, etc. are reopening. Here’s a partial list…

Island Cow – had kitchen roof damage. Working on repairs now.

Island Pizza – continuing with their planned remodeling, so temporarily closed.

Open signOver Easy Café – reopened today. Open 7 days a week from 7 a.m. to 3 p.m. for breakfast and lunch.

The Pecking Order – stayed open through the storm & will continue their lunch special from 11 a.m. to 2 p.m. all of Sept.

Sanibel Farmers Market – still scheduled to reopen on Oct 1 on the grounds of City Hall from 8 a.m. to 1 p.m. For info on the other eight markets reopening in the Lee County, go to www.BuyLocalLee.com.

Sanibel Fresh – serving breakfast 8 a.m. to 11 a.m. Lunch from 11 a.m. to 4 p.m.

Traditions on the Beach – is open this month, Mon through Sat from 4 p.m. until late.

Sanibel & Captiva Multiple Listing Service Activity September 1-22, 2017

sancap GO MLS logoSanibel

CONDOS

1 new listing: Sundial West #K105 2/2 $897.5K.

No price changes.

1 new sale: Sanctuary Golf Villages I #5 2/2.5 listed at $699K.

No closed sales.

HOMES

5 new listings: 887 Casa Ybel Rd 5/3 duplex $575K, 1312 Par View Dr 3/2 $695K, 419 Lighthouse Way 4/3 $797.5K, 6412 Pine Ave 3/3 $1.295M, 1152 Buttonwood Ln 3/3.5 $1.499M.

4 price changes: 673 East Rocks 3/2 now $698K, 698 Spartina Ct 3/2 now $770K, 1043 Sand Castle Rd 3/2 now $850K, 789 Pyrula Ave 3/3 now $1.095M.

No new sales.

3 closed sales: 982 Main St 3/2.4 $465K, 519 Lagoon Dr 4/2 $800K, 1137 Golden Olive Ct 5/3.5 $1.5925M.

LOTS

1 new listing: 761 Donax St $279.9K

No price changes, new, or closed sales. 

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Bayside Villas #5136 1/2 $310K.

HOMES & 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

2017-09-11 Beach.jpg

The welcoming committee – ibis trio – at the Fulgar St beach access on 9/12/17

 

Until next Friday, let’s not hear about any more hurricanes!

Susan Andrews, aka SanibelSusan

A Little Soggy Today in the Neighborhood


SanibelSusan here. Today the islands are feeling the effects of what forecasters are calling swirling weather patterns associated with a tropical wave which poses a threat for localized flooding across Southwest Florida today. Heavy downpours began Wednesday afternoon and have been sporadic so far, but the chance of rain is predicted at 100% right through the weekend. It finally drops to a 20% chance on Wednesday. On the upside, the temperatures are down into the high 70’s/low 80’s and the vegetation is lush.

With the ground already saturated, flash flooding warnings have been issued for Lee and Charlotte counties until 8 p.m. tonight. This wave is not related to Hurricane Harvey which is poised to slam the Gulf coast of Texas, but it nonetheless probably helped bring the greater-than-normal rain throughout the day.

Before a few news items, here is a photo shared with me earlier this month. Look who walked by and caught him by surprise when he was at his island home. (You’ve gotta be fast with an iPhone. Thanks for sharing, Scott.)

2017-08-12 bobcat

Florida Realtors 101st Annual Convention/Trade Show & Governance Meetings

2017 Convention LogoSorry I missed posting a blog last Friday. While in Orlando at the Florida Realtors® Annual Convention and Governance Meetings, it was great to play a part in the productive educational sessions Tues/Wed/Thurs, followed by committee meetings Fri/Sat, and ending with the Board of Directors meeting Sunday morning.

There are a lot of events, networking, and real work crammed into a few days so I always enjoy the drive back home when it is nice to get out in the fresh air again and rethink the week’s accomplishments.

2017 Sanibel Gang at Awards Luncheon

The Sanibel/Captiva gang at the Florida Realtors 2017 Awards Luncheon

 

I’ve seen lots of changes in the industry during the 20+ years that I have been involved in the state leadership team. Hot topics now are cybercrime, wire fraud, copyright infringement, automated valuation models, paperless transactions, social media advertising, artificial intelligence, and drones.

2017 chief financial officer cropped

Speaking at Florida Realtors Capital Club Luncheon – Florida’s Chief Financial Officer Jimmy Patronis (with his handsome sons)

Though the real estate markets vary from one area of Florida to another, much of our work and problems are common. Staying involved in problem-solving and solution-sharing is key in staying ahead of the many changes that technology continually brings to this business.2017 Education Ambassador

 

Here are a few fun facts about Florida Realtors®:

  • Florida Realtors® is the 2nd largest state Realtor® organization in the country.
  • It is 170,000 members strong (in 2017)
  • It began in 1916 and now covers 13 districts, 54 local boards, and has 130+ employees.
  • In 2016, 61% of membership was female and averaged 52 years old. Members had an average of 10 years of experience and completed 9 transactions. They closed nearly 400,000 sales with over $105 billion in dollar volume.
  • In 2016 in Florida, there were $19.4 billion in international sales. The largest fraction of foreign buyers (39%) were from Latin America & the Caribbean. The top 5 countries of foreign buyers in Florida were: Canada, Brazil, Venezuela, United Kingdom, & Argentina.
  • In 2017, Florida Realtors® PAC successfully supported legislation that passed the first-ever cap on community association fees for estoppel certificates.

Because of the size of our local organization, the Sanibel & Captiva Islands Association of Realtors® only has two voting Directors at the state. There were 561 Florida Directors voting on Sunday. I was honored to be one of them, along with our 2017 Sanibel & Captiva Islands Association of Realtors® President, Joel Goodman.2017 BoardYou can find more info about Florida Realtors® at FloridaRealtors.org.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday was the Sanibel & Captiva Islands Association of Realtors® August General Membership Meeting followed by biweekly Caravan. Once again, like two weeks ago, the meeting was well attended, but not much real estate action was announced. Our new listing at Spanish Cay was one of only two properties on the following Open House Caravan.

The speakers for the General Membership Meeting included a panel of four rental managers from ReMax of the Island Vacation Rentals, Royal Shell Vacations, SBL Vacations, and VIP Vacation Rentals. They fielded such questions as:

  • Who handles the prorations of rental income when a property sells? The rental managers do, this is not something that normally is handled by a title company since it’s not a physical part of the real estate.
  • How do you handle requests for showings when a property is listed for sale? Most of the managers prefer to make the showing appointments and only when requested by the Listing Agent. Particularly “in season”, when requests may be frequent, Listing Agents may want to ensure that the request is to a “serious prospect” before bothering a long-term tenant. VIP prefers that the Listing Agent calls the tenant so they can control who goes in/out.
  • Has the rental business increased or decreased? Some mentioned that particularly with homes, inventory is less than it was some years ago. Many in the large baby boomer population who purchased and rented before retirement are now using the property themselves.
  • Have rental rates increased? In most cases yes, but it’s often dependent on a property and its upgrades. The “best” properties are booked a year in advance with repeat longer-term bookings preferred. Particularly for reservations in Feb and Mar, they should be booked a year ahead.

SanibelSusan Realty Associates

While away, I fielded some phone and email inquiries about a few of our listings. Then, this week, we got another new listing. It is a Sunset South top-floor riverside expanded 2 bedroom with elevator, garage & large private storeroom – a great opportunity for a buyer looking for easy residential living with gulf access, natural views, and handy to the causeway. Well priced too at $499,900 (view shown in first photo below).

Several of our listings were shown this week and a couple of showings are scheduled as next week many rental properties are vacant. The action posted in the Sanibel & Captiva Multiple Listing Service since August 11 (two week’s worth of info) is posted after a few news items below.

The islands are coming up on what some of the retail establishments say is traditionally the slowest week of the year. Many communities only allow construction projects in September so it could be a few quiet weeks with schools back in session and the rainy season in full swing. It is a good time to view property though. Some say, the best time to secure real estate before “season”.

Sanibel Fresh

Sanibel Fresh 08-24-17If you are looking to try some place new, “Sanibel Fresh” opened yesterday in the former location of Bennett’s Fresh Roast at 1020 Periwinkle Way. Open Monday through Friday from 7 a.m. until 9 p.m., their motto on their Facebook logo says “Healthy food for a happy you”.

We haven’t tried it yet, but our pals say it’s “great”.

Call for Action

NFIPWithout Congressional action by September 30, 2017, authority for the National Flood Insurance Program (NFIP) will expire. If NFIP lapses, more than 40,000 real estate transactions per month will be in jeopardy. The National Association of Realtors® has issued a call for action and made it easy for you to urge your member of Congress to pass “The 21st Century Flood Reform Act” H.R. 2874 as soon as possible.

H.R. 2874 contains several provisions of critical importance:

  • Reauthorizes NFIP for a full 5 years, avoiding the uncertainty of short-term extensions and potential shutdowns.
  • Caps NFIP rates at $10,000 per year for property owners.
  • Directs FEMA to develop more granular rate tables, to ensure fewer properties are overcharged
  • Sets aside $1 billion for flood mitigation assistance grants.

And increases access to private market flood insurance. Please follow this link to Take Action

Sanibel & Captiva Islands Multiple Listing Service Activity August 11-25, 2017

Sanibel

CONDOS

3 new listings: Sunset South #6D 2/2 $499.9K (our listing), Sundial East #O405 2/2 $1.0995M, Sanddollar #A101 2/2 $1.195M.

3 price changes: Seashells #40 2/2 now $359.9K, Ibis at The Sanctuary #B102 2/2 now $449.9K (our listing) (photos below), Ibis at The Sanctuary #B302 2/2 now $468.5K.

4 new sales: Ibis at The Sanctuary #B201 2/2 listed at $475K, Sanibel Moorings #931 2/2 listed at $550K, Sanctuary Golf Villages I #6-2 2/2.5 listed at $649K, Lighthouse Point #327 3/2 listed at $849K.

4 closed sales: Spanish Cay #B6 2/2 $380K, Blind Pass #F210 2/2 $444K, Blind Pass #B105 2/2 $450K, Sanibel Arms West #I3 2/2 $519K.

HOMES

5 new listings: 982 Main St 3/2.5 $489K, 4542 Bowen Bayou Rd 3/2 $578K, 1724 Bunting Ln 3/4 $985K, 1304 Eagle Run Dr 3/3 now $1,099,995; 411 Bella Vista Way 3/4 half-duplex $2.495M, 3945 West Gulf Dr 3/3 $3.195M.

7 price changes: 3021 Singing Wind Dr 3/2 now $499K; 5306 Ladyfinger Lake Rd 3/2 now $589K; 673 East Rocks 3/2 now $715,888; 3354 Barra Cir 3/2 now $875K; 673 East Rocks 3/2 now $725,988; 5075 Joewood Dr 4/4.5 now $3.25M.

6 new sales: 982 Main St 3/2.5 listed at $489K, 2150 Egret Cir 3/2 listed at $524.9K, 981 Sand Castle Rd 3/2.5 listed at $549K, 1311 Sand Castle Rd 4/4.5 listed at $799K, 655 Anchor Dr 3/3 listed at $749K, 1272 Isabel Dr 4/4.5 listed at $3.45M.

1 closed sale: 981 Main St 4/2.5 $625K.

LOTS

No new listings.

2 price changes: 3354 Barra Cir now $399K, 4115 Sanibel-Captiva Rd now $799K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #5228 1/2 $433.5K.

No price changes.

2 new sales: Beach Villas #2517 1/1 listed at $497.5K, Beach Villas #2623 1/1 listed at $530K.

HOMES

No new listings or price changes.

1 new sale: 11500 Chapin Ln 4/4.5 listed at $1.795M.

No closed sales.

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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, I hope you enjoy your weekend & stay dry. That’s the plan here!

Susan Andrews, aka SanibelSusan

Working Together to Make a Difference


All’s well again on another Sanibel sunny Friday as we push forward to what are traditionally the busiest real estate months of the year on the islands – February and March. That activity may even stretch a few weeks longer this year with Easter not until April 16.

At SanibelSusan Realty Associates

This week we had another nice condo closing, a home listing that went under contract, an excellent sprinkling of showings, and good Open House action. Once February visitors settle in inquiries should pick up too. We already are getting requests for viewings in March during spring breaks.

gatorI had lunch today with a client who made me a “gator”. Shown here on our office sofa, I intend to take him home where he will recline on a special spot on my red love seat, but in the meantime, she said he needs a name.

Now called “Gator #5″ because he’s the 5th one she has made, I need suggestions! He’s going to be a neck scarf on the next cool day too, sure hope I don’t have to wait until next January. Isn’t he great? Thank you, Dianne! What’s your name for my gator?

Sanibel & Captiva Island Real Estate

sancap GO MLS logoWith January over, it is a good time to look at market inventory. The report of the Sanibel & Captiva Islands Multiple Listing Service activity over the last seven days follows a few news items below and includes many price adjustments. Here is a quick summary of the number of units for sale, compared to the activity last year.

How Many for Sale

Condos –  116 on Sanibel; 30 on Captiva

Homes – 186 on Sanibel; 38 on Captiva

Lots – 68 on Sanibel; 2 on Captiva

How Many Under Contract

Condos – 14 on Sanibel; 4 on Captiva

Homes – 27 on Sanibel; 3 on Captiva

Lots – 5 on Sanibel; 1 on Captiva

How Many Sold in January 2017

Condos – 11 on Sanibel; 2 on Captiva

Homes – 19 on Sanibel; 1 on Captiva

Lots – 5 on Sanibel; 0 on Captiva

How Many Sold in January Last Year

Condos – 15 on Sanibel; 1 on Captiva

Homes – 10 on Sanibel; 5 on Captiva

Lots – 3 on Sanibel; 0 on Captiva

Florida Realtors® PAC

rpacAs follow-up to my posting last week about the four awards that the Sanibel & Captiva Islands Association of Realtors® won for 2016 at FloridaRealtors®.

Here are a few highlights of how those RPAC dollars work.

  • 92% of all endorsed candidates were elected (23 of 25 Senate candidates won, 23 of 26 Congressional candidates won, 67 of 73 State House candidates won).
  • Constitutional Amendments 3 & 5 passed (grant tax exemptions for disabled first responders and seniors, and a big WIN for homeowners)
  • Won victories for homeowners and Realtors® (removed regulatory fees (HB 303), helped pass statewide comprehensive water policy to effectively manage and protect Florida’s natural resources (SB 552), revised the Value Adjustment Board process (HB 499)).

Working Together To Make a Difference in January

Sanibel realtors logoWritten by yours truly, here is the first 2017 press release from the local Association of Realtors® Communications and Public Relations Committee. It was published in the “Santiva-Chronicle” this morning.

“Ever wonder what members of a Realtor® organization do other than list and sell real estate?

“This year “Working Together to Make a Difference”, the Sanibel & Captiva Islands Association of Realtors® will report each month highlighting some other things accomplished by its members. Association members include Realtors®, their brokers, office managers, staff and affiliate business partners (mortgage brokers, insurance providers, home inspectors, appraisers, title companies, decorators, builders, non-profit organizations, attorneys, etc.).

“This is the first monthly report. It covers volunteer activities that members of the Sanibel & Captiva Islands Association of Realtors® did in January.

Mints for the Military – From January 9 until mid-March, local Girl Scout Troop 673 is collecting donations for boxes of Girl Scout cookies as part of their Mints for the Military drive. Association member Carol McCarley, Noack & Company CPA’s, and her daughters help in this effort, with hundreds of boxes expected to go overseas from their troop. Last year, the Girl Scouts Gulf Coast of Florida Council sent 57,854 boxes in total. That’s a lot of cookies!

Water Quality – On January 11 and 25, Association Past-President and Realtor® David Schuldenfrei and others attended and spoke in Tallahassee at Florida Senate subcommittee hearings on Lake Okeechobee discharges. The hearings went well, with Senator Joe Negron on January 27 filing SB 10 for the purchase of land south of the lake for water storage and cleaning before it goes south into the Everglades and Florida Bay. The bill now must pass the House and Senate, before being signed by the Governor. It has a long way to go, but is headed in the right direction. Thank you, David!

Collections, Contributions, Volunteers, & Donations – “Working Together to Make a Difference” the CRPC members will be reaching out to local organizations and non-profits to find: ways the Association may get more cooperatively involved in the community; if donation items are needed and if there is a time of the year when they are needed most; and if there are small hands-on projects that could use a team of 5-10 volunteers to get them done. An investigation already is underway to help the Sanibel Historical Preservation Committee, which is chaired by Realtor® Deb Gleason, with the new Sanibel Heritage Trail.

“If you have suggestions, please contact Association Communications & Public Relations Committee members: Realtors® Judie Anderson, Sarah Ashton, Deb Gleason, Kelly Huguenin, Cathie Lewis; Affiliate Business Partners: Nanci Berlin, Barrier Island Title Services and Angela Larson Roehl, Rosier Insurance; or Realtor® Chair Susan Andrews.

Watch next month for our February progress report.”

Cost vs. Value: Which Home Improvements Offer the Highest Return on Investment in 2017?

ris-media-logoThis article was posted on-line Jan 16, 2017 at “Housecall” which is RISMedia’s blog. Since we get asked this question too, it’s interesting to hear their take. Note the projects vary based on the geographic area and price of the property.

“With the many different projects reported annually in Remodeling Magazine’s Cost  vs. Value Report, not much has changed from last year…and that’s not a bad thing. The 29 projects found on this year’s report paid back an average of 64.3 cents on the dollar in resale value. Looking at the 24 most tracked projects (projects consistently tracked for the last six years), their payback for 2017 was also 64.3 cents—only three-quarters of a penny higher than 2016 projections.

“Why the little change? Simply put: the differences in underlying numbers was minimal year-to-year. The average cost for those 24 projects rose a meager 3%, while the value that real estate professionals put on said projects only rose 4.2%. Minor gains, yes, but we’ll take what we can get.

“Recent and long-time trends continued, reports Remodeling. Curb appeal projects like changes to doors, windows and siding garnered a higher ROI than work done inside the home. Replacement projects, like doors or windows, scored higher among real estate pros than did remodels.

“On a national scale, the top five projects with the greatest ROI in the report’s “midrange” cost category are:

  1. Attic Insulation (Fiberglass) (107.7% ROI), Average Cost: $1,343, Average Resale Value: $1,446
  2. Entry Door Replacement (steel) (90.7% ROI), Average Cost: $1,413, Average Resale Value: $1,282
  3. Manufactured Stone Veneer (89.4% ROI), Average Cost: $7,851, Average Resale Value: $7,019
  4. Minor Kitchen Remodel (80.2% ROI), Average Cost: $20,830, Average Resale Value: $16,699
  5. Garage Door Replacement (76.9% ROI), Average Cost: $1,749, Average Resale Value: $1,345

“The top five projects with the greatest ROI in the report’s “upscale” cost category are:

  1. Garage Door Replacement (85.0% ROI), Average Cost: $3,304, Average Resale Value: $2,810
  2. Entry Door Replacement (fiberglass) (77.8% ROI), Average Cost: $3,276, Average Resale Value: $2,550
  3. Window Replacement (vinyl) (73.9% ROI), Average Cost: $15,282, Average Resale Value: $11,286
  4. Window Replacement (wood) (73.0% ROI), Average Cost: $18,759, Average Resale Value: $13,691
  5. Grand Entrance (fiberglass) (70.1% ROI), Average Cost: $8,358, Average Resale Value: $5,855

“Regionally, the Pacific division (California, Oregon, Washington, Alaska and Hawaii) saw an average payback of 78.2% for all projects, with 10 projects posting cost-recouped levels of at least 90%. The East North Central states of Ohio, Indiana, Michigan, Illinois and Wisconsin, however, saw an average of just 54.9%, with no single project offering a payback of as much as 80 cents on the dollar.

“At the other end of the spectrum are projects with the lowest returns on investment—improvements generally not in demand by the market. Again, on a national scale, the five projects with the lowest ROI in the “midrange” cost category are:

  1. Bathroom Remodel (64.8% ROI), Average Cost: $18,546, Average Resale Value: $12,024
  2. Master Suite Addition (64.8% ROI), Average Cost: $119,533, Average Resale Value: $77,506
  3. Backyard Patio (54.9% ROI), Average Cost: $51,985, Average Resale Value: $28,546
  4. Backup Power Generator (54.0% ROI), Average Cost: $12,860, Average Resale Value: $6,940
  5. Bathroom Addition (53.9% ROI), Average Cost: $43,232, Average Resale Value: $23,283

“The five projects with the lowest ROI in the “upscale” cost category are:

  1. Major Kitchen Remodel (61.9% ROI), Average Cost: $122,991, Average Resale Value: $76,149
  2. Master Suite Addition (59.9% ROI), Average Cost: $250,687, Average Resale Value: $150,140
  3. Bathroom Remodel (59.1% ROI), Average Cost: $59,979, Average Resale Value: $35,456
  4. Bathroom Addition (57.1% ROI), Average Cost: $81,515, Average Resale Value: $46,507
  5. Deck Addition (composite) (56.4% ROI), Average Cost: $39,339, Average Resale Value: $22,171

“The 2017 Cost vs. Value Report compares, across 99 markets, the average cost of 29 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, here.”

Late January Island Weather

Sanibelcityseal logoWith January bringing serious cold/snowy/icy winter weather to so much of the nation, the islands got some residual effects. With Sanibel under tornado watch through the early morning hours of January 23, the local papers this week said the City reported no significant damage. The fast-moving storm brought little rain and wind, considering what had been projected. Though gusts of up to 60 mph were reported, in most areas the beaches gained sand.

pam-shells-01-25-17

Pam Rambo, local shelling expert, from her site iLoveShelling.com, called this photo posted 1/25/17, “Just a drop in the bucket”. So many shells on the beach!

Among the resulting beach debris were 250 crab traps which the City collected and crabbers retrieved from Public Works. It probably goes without saying that because of the storm, fishing was not the best, but the shelling was outstanding. After winter storms is often the best time for finding “big” shells.

 

The last few days of January were a little chilly – island sweater weather, but since then and for the next week temperatures in the mid to high 70’s are expected.

The Housing Crunch for Older Adults Nears

ForbesPosted on-line Tuesday at “Realtor®Mag” under “Daily Real Estate News” this article is sourced to Forbes.com:

“The 65-plus population is expected to surge from 48 million to 79 million in the next 20 years. Yet, the availability and affordability of housing to meet this blooming population is inadequate, according to a recent Harvard Joint Center for Housing Studies report.

“The report shows that only 3.5% of today’s housing contains the following three key elements of “universal design”: zero-step entrances, single-floor living, and wide halls and doorways. Further, nearly 6.4 million low-income renters will likely need to devote more than 30% of their income to housing by 2035, the report notes.

Housing experts say builders are not growing the supply enough to meet future demands from older adults and instead are continuing to put most of their focus on higher-end construction.

““The Harvard study was a scary forecast,” says Lukas Krause, CEO of Real Property Management, the largest property management franchise in the nation. “The senior sector will be one of the hardest hit for affordability. The most important thing we can do is find affordable housing for older Americans and contemplate layout and design to accommodate the older population.”

“More homes will need to be tailored to older adults. For example, homes likely will need to be retrofitted as single-floor living with a master suite, wider doorways to accommodate wheelchairs, and walk-in showers with grab bars.

“Retrofitting needs to extend to the multifamily sector too. Landlord and property owners have not yet largely embraced retrofitting apartments to accommodate older Americans, Krause says. “As the older population grows, economic factors will change and it will be more attractive to build more versatile homes,” he says.

Also, expect some changes in the way people live as the older population grows. For example, cohabitation and shared housing may grow in popularity as affordability concerns brew. And, expect a growth in mother-in-law suites in single-family residences as well as grandparents living with their families like previous generations once did, Krause says. Furthermore, programs like the Johns Hopkins project, CAPABLE, may expand. The Johns Hopkins program seeks to help people age in place by assigning them a nurse, an occupational therapist, and a handyman.”

Sanibel & Captiva Multiple Listing Service Activity Jan 27-Feb 3, 2017

Sanibel

CONDOS

5 new listings: Captains Walk #D5 2/1 $325K, Sanibel Moorings #931 2/2 $550K, Heron at The Sanctuary #1B 3/2.5 $620K, Bayview Village #1A 3/3 $789K, Pointe Santo #D32 2/2 $819K.

7 price changes: Mariner Pointe #1412 1/1 now $349.9K, Donax Village #3 2/2 now $464K, Mariner Pointe #712 2/2.5 now $498K, Mariner Pointe #533 2/2 now $499K, Pointe Santo #D6 2/2 now $719K, High Tide #A102 3/2.5 now $1.695M, High Tide #A302 3/2 now $1.725M.

5 new sales: Sundial West #F103 2/2 listed at $459.5K, Coquina Beach #2C 2/2 listed at $599K, Compass Point #222 2/2 listed at $689K, Sundial West #K203 2/2 listed at $879K, Somerset #302 3/2.5 listed at $1.65M.

3 closed sales: Coquina Beach #4C 2/2 $430K, Sundial East #P201 2/2 $760K, Gulfside Place #115 2/2 $1.4M (our buyer). 

HOMES

7 new listings: 1940 Periwinkle Way 3/2 half-duplex $495K, 9446 Yucca Ct 3/2 $609K, 3784 Coquina Dr 3/3 $714K, 1717 Sand Pebble Way 3/2 $719K, 3359 Barra Cir 3/3 $789K, 1294 Par View Dr 3/2.4 $949K, 687 Anchor Dr 4/3 $1.795M.

15 price changes: 1651 Sand Castle Rd 3/2.5 half-duplex now $477.5K, 1212 Par View Dr 2/2 now $619K, 1073 Fish Crow Rd 3/2.5 now $699K, 4694 Rue Bayou 3/3 now $699K, 1429 Jamaica Dr 3/3 now $699.9K, 978 Black Skimmer Way 3/2 now $712K, 5757 Pine Tree Dr 3/2.5 now $799K, 1314 Par View Dr 4/3 now $899K, 1174 Harbour Cottage CT 3/3 half-duplex now $1.05M, 1270 Bay Dr 3/2 now $1.249M, 5403 Shearwater Dr 4/3 now $1.295M, 500 Periwinkle Way 3/3 now $1.295M, 1475 Angel Dr 3/4.5 now $1.649M, 1743 Venus Dr 4/3.5 now $1.749M, 900 Snowberry Ln 4/3 now $3.495M.

5 new sales: 608 Boulder Dr 3/3 listed at $869K, 537 Lake Murex Cir 3/3 listed at $899K (our listing), 2920 West Gulf Dr 3/2 listed at $939K, 935 Lindgren Blvd 3/2 listed at $696K, 3557 West Gulf Dr 3/3.5 listed at $4.5M.

6 closed sales: 474 Lake Murex Cir 2/2 $360K, 810 Elinor Way 3/2 $570K, 750 Nerita St 3/2 $650K, 5751 Baltusrol Ct 3/4 $975K, 1665 Sabal Palm Dr 3/2 $1.05M, 800 Sand Dollar Dr 3/3.5 $1.625M.

LOTS

2 new listings: 5116 Sea Bell Rd $185K, 5126 Sea Bell Rd $185K.

1 price change: 5687 Baltusrol Ct now $315K.

No new sales.

1 closed sale: 2462 Wulfert Rd $200K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Villas #2322 1/1 listed at $499K.

1 closed sale: Tennis Villas #3121 1/1/2 $253K.

HOMES

No new listings.

2 price changes: 1114 Schefflera Ct 4/3.5 now $2.65M, 11551 Wightman Ln 4/4.5 now $4.9M.

1 new sale:13500 Palmflower Ln 4/4 listed at $1.795M.

No closed sales.

LOTS

No new listings or price changes.

1 new sale: 953 South Seas Plantation Rd listed at $2.1M.

No closed sales.

(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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday – enjoy the sunset, your weekend, & don’t forget to help me “name that gator”!

Susan Andrews aka SanibelSusan

sanibel-sunset

Real Estate & More on Sanibel & Captiva Islands


SanibelSusan here reporting another week of wonderful island weather and the good news for those of us traveling Sanibel’s roadways has been a bit of a traffic reprieve. The islands remain busy with holiday vacationers, including many locals since schools are still out, but Periwinkle Way has been a little easier to maneuver this week.

Several of our listings had showings, with some future appointments scheduled. All-in-all, it’s looking like the first quarter of 2017 will be a busy one.

At SanibelSusan Realty Associates

Sanibelsusan LogoWe received a terrific new listing yesterday and another today. The first a large beautifully-remodeled meticulous and professionally-decorated 3+bedroom along the back circle in Seagull Estates will be posted in MLS early next week, as soon as the professional photography is done. With three screened porches overlooking a tropical backyard that borders conservation land, it also is an easy stroll or bike ride to the community pool, clubhouse, tennis, and beach access.

xterior

239 Daniel Drive in Seagull Estates

 

The 2nd is another beach-front condo at Casa Ybel Resort in their guaranteed income program. You may remember that we had another unit listed there that closed the end of the year. Those units (there are only 40 condos within the resort) are what many local Realtors® call “no brainers” for investors looking for easy ownership. The resort takes care of everything (including utilities and updates/repairs) with owners getting half of the annual income which usually is just under $100K. Cottage Colony West #119 will be posted later today in MLS.

lanai

Balcony & private stairs to beach at Cottage Colony West #119 at Casa Ybel Resort

 

Teammate Dave held an Open House yesterday at Pointe Santo and had good walk-in traffic – other island owners and renters. As properties are vacant and available, he will continue those open houses through season. He’s been busy opening listings for showings and accompanying showings too – all good action this week.

closeup-view-to-straightlefteast

Looking from Pointe Santo #C34 over lagoon to clubhouse to gulf

 

The team and I are watching prices closely now that “season” is here. Overall sales in 2016 fell short of 2015. Prices, however, continue to creep up, but still are far from where they were in the heyday of 2006. The positive post-election vibes, I expect will keep those prices on the upswing. It should be a winter of plenty of offers (she said optimistically).

Sanibel & Captiva Islands Association of Realtors® Caravan Meeting

Sanibel realtors logoThere were only a few sales announced at the Realtor® Caravan Meeting yesterday. Those are listed in the report below of the action posted since last Friday in the Sanibel/Captiva Multiple Listing Service.

Our meeting next Thursday morning is the island Association of Realtors® Annual Installation and Awards event. It is usually an evening banquet, but this year is a morning (8 a.m.) breakfast at The Sanctuary. The Caravan following will be a shortened version, so our listings due for caravan will be open the following week from 9 a.m. to noon.

 Want to Avoid Legal Hassles? Top Lessons From 2016

Florida Realtors logoThe below article was posted online today at FloridaRealtors® and has some good advice. It came from Fort Lauderdale’s “Sun Sentinel”. Info about the author follows the article.

“With the foreclosure crisis over and home prices continuing to increase, we’ve moved past the problems that were unique to the housing bust. It’s a more normal real estate market these days, but that doesn’t mean there aren’t issues around every corner.

“Here are my top lessons learned in 2016:

  • “Whether you’re on the board of your community association or just live in one, you need to read your governing documents. The answers to most problems can be found there, so it should be your first stop before you file a complaint or a lawsuit.
  • “Remember, when you bought your home, you agreed to the restrictions that are now vexing you. If you want to change the rules, get involved. Join the board of directors. If you’re on the board and want to change things, first clear it with the association’s attorney. Association litigation is expensive and often easy to avoid if you know your community’s rules and follow them.
  • “I’ll address two questions I hear several times a week: First, your association can foreclose on your home over a small amount of owed dues. Even if there is a mistake on your maintenance bill, pay the disputed money and then work with your association to resolve the error. Second, accept that residents are entitled to service animals under the law – even if the residents don’t appear to have visible disabilities. If you think a resident is abusing the rules, speak to the association’s attorney before you do anything.
  • “Interest rates are rising, and lenders are lending money again. If you have any intention of refinancing your mortgage, now is the time to do it. It’s also a good time to buy a home. As interest rates increase, your purchasing power will decrease. Although I don’t think interest rates will skyrocket, you should get the cheap money now while it’s still available.
  • “Finally, one of my favorite sayings is, “If you can say it, you can sign it.” Many times, relationships go wrong and promises get broken. Two people can have the same conversation and walk away with very different understandings. Whether you are agreeing to help your adult child buy a home or making a deal with a contractor to remodel your kitchen, always write down what you both agree to and then sign your names to it. While a properly drafted contract is best, just writing down, in detail, what each party agreed to, will reduce the chances of a dispute and make things easier to resolve if there is a disagreement.

“About the writer: Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation. Send him questions online at http://www.sunsentinel.com/askpro or follow him on Twitter @GarySingerLaw.”

Sanibel & Captiva Multiple Listing Service Activity December 30, 2016 – January 6, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Breakers West #A5 2/2 $514K, Sanibel Arms #F2 1/1 $515K, Cottage Colony West #119 1/1 $674K (our listing), Island Beach Club #220E 2/2 $1.039M.

1 price change: Sundial West #S404 3/2 now $850K.

1 new sale: Pointe Santo #E37 3/2 listed at $1.475M.

1 closed sale: Cottage Colony West #137 1/1 $602.5K.

HOMES

4 new listings: 474 Lake Murex Cir 2/2 $399K, 3008 Singing Wind Dr 2/2 $529K, 4239 Gulf Pines Dr 3/2 $549K, 1304 Seaspray Ln 3/2.5 $4.495M.

5 price changes: 2401 Shop Rd 2/1 now $278K, 1478 Albatross Rd 3/2 now $659K, 5757 Pine Tree Dr 3/2.5 now $800K, 1321 Par View Dr 3/2.5 now $895K, 407 Bella Vista Way 4/4 now $2.99M.

5 new sales: 2142 Egret Cir 3/2 listed at $499K, 5406 Osprey Ct 3/2 listed at $889K, 521 Lighthouse Way 3/2 listed at $995K, 1511 Angel Dr 3/3 listed at $1.25M, 5125 Joewood Dr 4/4 listed at $2.595M.

1 closed sales: 1559 Sand Castle Rd 3/2 $625K.

LOTS

1 new listing: 629 Lighthouse Way $1.095M.

No price changes.

2 new sales: 2379 Wulfert Rd listed at $289K, 592 Sea Oats Dr listed at $349.9K.

1 closed sale: 2411 Blue Crab Ct $307,318.

Captiva

CONDOS

2 new listings: Tennis Villas #3121 1/1/2 $255K, Bayside Villas #1/2 $315K.

No price changes, new or closed sales.

HOMES

1 new listing: 11551 Wightman Ln 3/3.5 $5M.

3 price changes: 43 Oster Ct 2/2.5 now $879K; 14980 Binder Dr 4/3 now $1,377,935; 14860 Mango Ct 5/4 now $2,343,925.

1 new sale: 11537 Laika Ln 4/3 listed at $1.549M.

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 general real estate activiislty in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, here’s hoping your winter is warm and bright. Another cool front is expected to pass through here on Sunday when the high is forecast to be just 61 degrees F and breezy. Back into the 70’s right after that. Just how we like January on Sanibel.

Susan Andrews, aka SanibelSusan

beach-path

Beach path at Casa Ybel Resort

Mid-December on Sanibel/Captiva


SanibelSusan is reporting again that pre-Christmas and year-end events continue to keep Sanibel and Captiva Island real estate showings and sales activity to a minimum, but I was happy to make a “new sale” announcement at our local Association of Realtors® monthly breakfast meeting yesterday.

Below are more details from the meeting, a few news items, and a report of the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service.

Beginning Saturday, the island is expected to fill up with holiday visitors. Though, heaviest check-ins are expected, the following week, on Christmas Eve. With the chilly weather in so much of the nation, I am sure that the islands are looking mighty fine to many right now. It’s a sunny 80 degrees here as I post this at 3:30 p.m. with weather expected to be the same right through Christmas. No need for ugly Christmas sweaters here!

i-wear-flip-flops-in-winter

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logo2017 Professional Standards Committee – Many know that Realtors® subscribe to a Code of Ethics. We also self-govern, handling complaints from the public or colleagues regarding matters of ethics or commission arbitrations. To serve on the committees that handle these issues (thankfully few complaints are filed on Sanibel & Captiva), annual mandatory training is required. Since I will be heading the Sanibel/Captiva Association’s Ombudsman Committee again in next, I was one of 14 island Realtors® who this week completed their training for 2017. Here we are with our Florida Realtors® instructor, Anne Cockayne.

Pro Stds 12-14-16.jpg

December Monthly Membership Meeting – Dustyn Corace, 2017 President-elect, presided over the monthly meeting yesterday at the Sanibel & Captiva Islands Association of Realtors®. Guest speakers were Cara Pennetti, Owner Services Manager, and Phillip Starling, General Manager, from Sundial Beach Resort and Spa.

sundial-logoLooking to increase the number of Sundial units enrolled in their on-site rental program, Cara and Phil reminded Realtors® that the resort’s new 3-year rental agreement, now going into its second year, gives owners 55% of the income the 1st year, followed by 57% and 60% in the following years. With this agreement, owners may reserve up to 28 days for their own use between February 15 and April 30, otherwise owner time is unlimited.

Phil also spoke of the new pickleball courts being constructed at the resort (more on that below). He also said that plans and permits are in the works for a new food/beverage offering that is expected to be open in the lobby area beginning February 1. Sounded like it could be take-out, but it’s not ready to be officially announced yet – more on that in the days to come.

Before the Caravan portion of the meeting, 2017 Committee Chairs gave brief presentations on their plans for the upcoming year. Since the current chair was away, as the incoming Chair for Communications & Public Relations, I reported on the three ads that will be in upcoming publications. Developed from a member survey conducted earlier this year and titled “Realtors® Make a Difference”, these marketing pieces describe how island Realtors® help, serve, and take pride in our community.

50-50-raffleI also reported that monies from the reserve fund from our meeting 50/50 drawings are being donated to the following local charities: $500 CHR (Community Housing & Resources), $500 CROW (Care & Rehabilitation of Wildlife), $500 F.I.S.H. (Friends In Service Here), $500 Friends Who Care, $500 San-Cap Cares (Golisano Children’s Hospital), and $1,000 The Community House. Formal check presentations will be made later this month.

Earlier this year from our RPAC contributions, a $4,500 grant went to SCCF (Sanibel-Captiva Conservation Foundation) for educational boat trips. The Association is proud of its partnerships with, and support from, many local organizations.

Sundial Beach Resort & Spa Has Pickleball Coming

santiva chronicleThe “Santiva-Chronicle” reported Wednesday that “Sundial Beach Resort & Spa has announced the addition of 12 regulation pickleball courts to its lineup of resort amenities and public offerings.

2016-sundial-pickleball

“The Plexicushion system courts will provide the area with state-of-the-art tournament-grade facilities in a beautiful, lake-front setting.  Construction is underway with an anticipated early spring opening.

“Pickleball was invented in 1965 as the result of family boredom and ingenuity and has enjoyed a rapidly growing burst of popularity.  A combination of tennis, badminton and table tennis, it now claims the title of the “fastest growing sport in North America”.  Suitable for all ages and skill levels, the sport is a game of shot placement rather than strength and may be played at a leisurely pace or highly competitive tournament level.

““We’re looking forward to bringing a quality, state-of-the-art pickleball facility to Southwest Florida” said Phillip Starling, Sundial’s general manager.  “Not only will Sundial be the first area resort to offer onsite, stand-alone courts to guests, we’ll also be providing a resource for local and tournament play in our region.”

“Erica Cossairt, Director of Tennis, will oversee Sundial’s pickleball program and league play.  Lessons, round robins, and clinics for all ages will be available to both resort guests, residents and visitors. Introductory pickleball memberships will be offered to the public at $250 annually or a $5 guest fee per person per hour.

“Guests of the resort will enjoy complimentary access as part of Sundial’s activity package. In addition, the resort plans to host USA Pickleball Association Tournament play including competition for all levels and ages with its inaugural tournament planned for later in the year.  For information on memberships and pickleball please contact pickleball@sundialresort.com or phone 239-395-6037.”

Update on Sanibel Community House

community-ctr-renovationConstruction is nearing completion at the $3M reconstruction, restoration, renovation, expansion project at The Community House. It all began in May. A temporary certificate of occupancy is expected before the end of the month. If it is received, equipment could starting moving in in early January. Events are already scheduled in 2017, including the 80th Annual Sanibel Shell Festival in March. Not bad for a building that is a 90-year-old structure. More info at www.SanibelCommunityHouse.net.

Holiday Happenings

Chapel by the Sea Captiva.jpgCommunity Carol Sing – open to the public, at historic Captiva Chapel By The Sea, 11580 Chapin Lane, Sunday, Dec 18 at 6 p.m. A handful of locals and featuring Johnny Jensen on the drums are performing “Little Drummer Boy”. You-know-who is singing alto.

Santa Run – Want presents delivered? They must be taken to the main fire station at 2351 Palm Ridge Rd no later than 5 p.m. next Friday, Dec 23. Each gift must be in a bag with instructions attached. If it is going to a condo, a detailed sketch is helpful. Sponsored by the Sanibel-Captiva Kiwanis Club, delivery begins at 5:30 p.m.

Christmas Eve on Lighthouse Beach – open to the public, 5 p.m. outdoor service by Sanibel Congregational United Church of Christ with candle lighting, carol singing, & offering to benefit F.I.S.H and the Salvation Army.

2017 Investing: Turbulent Market, Lots of Opportunity

Florida Realtors logoThe below interesting, though lengthy article was posted yesterday at Florida Realtors® on line. Many have noticed that the market here came back following the election. I bet it stays hot through “season”, after that maybe some of the forecast here will apply.

“The real estate market is in for some turbulence in 2017, but it is not time for investors to hide under their beds, according to LaSalle Investment Managements latest Investment Strategy report.

“While there is a good chance there will be some real game-changers with (Donald) Trump’s election, Brexit, Italian referendum and more to come in 2017, investors should future-proof their portfolios by trying to get ahead of certain slow-moving secular trends including climate change and urbanization, said Jacques Gordon, global strategist in the real estate money managers Chicago office, in an interview.

“In the U.S., there is significant uncertainty surrounding Mr. Trump’s policies and direction, as well as the future relationship between Mr. Trump as president and the Republican-controlled Congress, the 2017 annual report, released Tuesday, noted.

“Tax cuts, infrastructure spending, deregulation and improved business sentiment – all things Mr. Trump has promoted – would benefit real estate investments, the paper stated.

“Real estate connected to infrastructure projects typically does extremely well, Mr. Gordon said. Examples include projects to convert abandoned rail lines into walkable urban spaces such as Manhattans High Line and similar projects in Atlanta, Chicago and Portland, Ore., he said.

“All of this takes infrastructure spending to get it going, Mr. Gordon said.

“However, trade wars, reduced immigration, interest rate increases and a standoff between Congress and the president on deficit spending would be negative for real estate investors.

“A trade war, for example, could hurt U.S. exports and real estate related to the technology, media and telecommunications sectors, the report noted.

“This is not a time for fear and terror, Mr. Gordon cautioned. It’s a time to pay attention and be aware of the structural changes that are coming, to be more cautious and to find places to move to offense.

“Watching trends – The four main structural, long-term trends that LaSalle tracks are demographics, technology, urbanization and environment. The latter category, new this year, covers climate change awareness, sustainability initiatives and measures to benefit the health and welfare of building users.

“Investors should keep these trends in mind as they can dramatically affect real estate holdings, the report states. This means focusing on the parts of the city where there are demographic, urbanization, technology and environmental change drivers, Mr. Gordon said.

“Tenants these days want properties that have recycling and energy conservation initiatives like saving on water, which also reduce costs, he said. Investors should also be aware of how properties in certain locations will do in climate-change conditions such as flooding. With 100-year floods happening every three years, it (climate change conditions) seems more common, he said.

“In some areas in Florida, for example, real estate investors should be aware of the costs of rising sea levels and rising tides on properties. Real estate investors can do things like making sure their backup generators are not in the basement in case of a flood, he said.

“There are investment opportunities in the U.S. One of the most attractive in 2017 will be warehouse development to take advantage of shoppers increasing preference for shopping online and subsequent moves toward faster delivery, the report states. This trend is driving demand for modern warehouses built to accommodate e-commerce in locations close to cities and traditional distribution centers, the report noted.

“LaSalle also is recommending defensive investments in premium malls, urban retail and grocery-anchored centers, which generally outperform other property types during recessions. The firm is making this recommendation even though the report acknowledges that in the future, shoppers could shift to online grocery shopping rather than buying groceries at brick-and-mortar stores.

“Looking north – “Still, LaSalle predicts rent growth will moderate in the U.S. as well as in Canada during 2017 from the high rates of 2015 and 2016. However, supply of new property should not overrun demand in North America as construction loans are harder to obtain.

“One investment opportunity in Canada stems from the globalization of Canadian pension plan portfolios, the report notes. As Canadian pension funds increase their international real estate exposure, they are selling off peripheral real estate holdings in Canada. This is creating investment opportunities in core and core-plus properties that are not typically available, the study states.

“In Europe, the coming elections in 2017 could lead to significant market volatility. The resignation of Italian Prime Minister Matteo Renzi after voters rejected a referendum to change the country’s constitution has brought anti-European Union-immigration forces to power in Italy, the paper notes. But even had the referendum passed, Italy still has problems that negatively impact real estate investors, including the undercapitalization of banks stifling credit, the report notes.

“With upcoming elections across Europe, LaSalle expects mainstream candidates to prevail over nationalist parties in Germany and France. If LaSalle executives are right, there will be moderate economic growth and inflation in 2017 and 2018, which should lead real estate investors to continue investing in income-producing properties in Europe.

“Competition for core income-producing real estate in Europe will remain intense, the study states. However, aside from a potential upside for office properties as a result of the U.K. vote to exit the European Union in June, LaSalle foresees investment opportunities in retail, including shopping centers in dominant shopping destinations in France and premium shopping centers in Sweden and Germany.

“There are also value-added opportunities in Europe. Examples are micro-apartments, apartment-hotels and student housing in Paris, Munich, Berlin, Amsterdam, Milan and Madrid.

“In Asia, Japanese pension plans have announced interest in expanding investment in real estate from less than 1 percent of an estimated 356 trillion ($3.09 trillion) combined total assets should create opportunity, the report indicated. Pension fund officials are first expected to invest in real estate in Japan and then move into core markets, sectors and properties outside the country. If Japanese pension plans increase their allocations by 2 percentage points, it would increase institutionally held real estate in Japan by 25%, the paper states.

“If you can keep your head when others are losing it, that is a good investment trait, Mr. Gordon said. Sitting still and doing nothing is the worst thing an investor can do. Then you’re letting the market push you around.

Copyright © 2016 All rights reversed for Saudi Press Agency. Provided by SyndiGate Media Inc. (Syndigate.info).

Sanibel & Captiva Multiple Listing Service Activity December 9-16, 2016

sancap GO MLS logoSanibel

CONDOS

5 new listings: Seawind #A108 2/2.5 $519K, Coquina Beach #2A 2/2 $619K, Sunset South #4A 2/2 $799K, Sundial West #E304 2/2 $814.5K, Pointe Santo #E37 3/2 $1.475M.

5 price changes: Coquina Beach #2C 2/2 now $599K, Sanibel Surfside #223 2/2 now $778K, Pointe Santo #B25 2/2 now $789K, Sundial East #T306 3/2 now $1.395M, Somerset #302 3/2.5 now $1.65M.

3 new sales: Sanibel Arms West #J6 2/2 listed at $495K, Cottage Colony West #136 1/1 listed at $624.9K (our listing), Sanddollar #B204 2/2 listed at $895K.

3 closed sales: Sundial West #I207 1/1 $299K, Mariner Pointe #522 2/2 $425K (our listing & sale), Loggerhead Cay #211 2/2 $575K.

HOMES

8 new listings: 5297 Punta Caloosa Ct 2/3 $699K, 4694 Rue Bayou 3/3 $739K, 1334 Junonia St 3/2 $749K, 1943 Sanibel Bayou Rd 3/3 $839K, 2920 West Gulf Dr 3/2 $979K, 775 Conch Ct 3/3 $1.595M, 1083 Bird Ln 4/3 $3.595M, 4689 Rue Bell Mer 5/6.5 $7.695M.

7 price changes: 998 Fish Crow Rd 3/2 now $699K; 537 Lake Murex Cir 3/3 now $899K (our listing); 1501 Sand Castle Rd 5/3.5 now $899,999; 276 Ferry Landing Dr 3/3 now $924.9K; 732 Windlass Way 4/3.5 now $1.379M; 2939 Wulfert Rd 5/5/3 now $1.795M; 1326 Seaspray Ln 4/4.5 now $1.995M.

2 new sales: 8991 Mockingbird Dr 3/2 listed at $829K, 800 Sand Dollar Dr 3/3.5 listed at $1.695M.

1 closed sale: 1722 Serenity Ln 3/3 $500K.

LOTS

2 new listings: 6095 Dinkins Lake Rd $289,555; 6159 Starling Way $689K.

2 price changes: 2462 Wulfert Rd now $219.5K, 1311 Par View Dr now $289K.

No new or closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

No new listings.

3 price changes: 14980 Binder Dr 4/3 now $1,377,956; 16167 Captiva Dr 4/3 now $1.699M; 14860 Mango Ct 5/4 now $2,343,946.

3 new sales: 11536 Andy Rosse Ln 3/3 listed at $1.775M, 11519 Andy Rosse Ln 6/5 listed at $2.225M, 11400 Dickey Ln 4/6.5 listed at $8.995M.

No closed sales.

LOTS

No new listings or price changes.

1 new sale: 16950 Captiva Dr listed at $2.995M.

No closed sales.

(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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

holiday-palm-clip-artUntil next Friday, may your days be sunny & filled with holiday fun!

Susan Andrews, aka SanibelSusan

A December Week on Sanibel/Captiva


SanibelSusan here, reporting that there has been a little less real estate activity this week on Sanibel and Captiva Islands. Many on the island now seem to be in the holiday-prep mode. Some snowbirds already are heading north to be with family for the holidays, and Christmas visitors have not started arriving yet. Several rental units and resorts have vacancies both this week and next.

Teammate Dave held an Open House for the better part of the day yesterday at Pointe Santo C34. There usually is good traffic at that complex both from those staying there and driving/biking by, but he had only a couple of curious tenants visit.

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View from Pointe Santo #C34

 

Below are a few news items followed by the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service.

Sanibel & Captiva Islands Association of Realtors®

SanCapAssnLogoAt the Thursday morning Association of Realtors® Caravan Meeting yesterday, members brought toys and gift cards for “Friends Who Care”. “Friends Who Care” is a non-profit started back in 1983 by island tax consultant Tom Louwers and his late wife Teresa.

For years, local Realtors® have worked with them, helping collect, wrap, and distribute gifts and toys to island children and children of island employees who need aid. Working hand-in-hand to provide gifts associated with local giving trees, this year six “Friends Who Care” Santas will make the rounds, just before Christmas, distributing the gifts.santa-toy-bag

If you also would like to give, there are giving trees in many locations including the post office, Bank of the Islands, and Bailey’s or call at 239-472-5152. Adult helpers are always appreciated for gift sorting Wednesday, December 14, at 2 p.m. in Sundial’s San-Cap Room, followed by wrapping the next day at 9 a.m. (bring scissors). Gift delivery – also known as the Santa Run – by the local Kiwanians – is the evening of December 23.

During the business part of the meeting, I was happy to report that our listing at Sunset South, announced last week as a new listing, already is under contract.

Sanibel Civic Core Project

Sanibelcityseal logoAt Tuesday’s Sanibel City Council meeting, council members unanimously agreed to move forward with putting the Civic and Cultural Core Project up for public referendum on the March 7, 2017 ballot. The project which is estimated to cost approximately $42 million is a proposed multi-faceted facility including a new Island Seniors Center (Center-4-Life) building, BIG ARTS performance hall, theater and learning center, all interconnected to the existing library, City Hall, and Sanibel Historical Museum and Village by way of meandering walkways, bicycle and pedestrian paths. The 25-acre site also would include green space and large community green for public gatherings.

Funding for the project is proposed to come from BIG ARTS ($12 million), City of Sanibel ($8M), and grants and other funding sources ($22M), in addition to the City’s contribution of 25 acres of land, long with BIG ARTS one acre. There is more info about the project at www.SanibelCCP.org with upcoming “town hall” type meetings and additional press releases planned.

Civic Core Concept 02-16

Shell Harbor Dredging

p0007370

Photo from taken from Mariner Pointe in 2000, just before an earlier dredging project.

The City began dredging the entrance channel to Shell Harbor, near the Sanibel Marina, on November 30. Work will be complete soon, but in the meantime boat traffic periodically may be stopped or slowed.

 More Boating News

The public boat ramp at the Tarpon Bay Recreation Area is closed due to limited parking during construction of the new onsite Marine Lab. The Refuge is funding the construction and providing access to Tarpon Bay in partnership with the Sanibel-Captiva Conservation Foundation, which will outfit the lab and collaborate with its research.

The ramp will stay closed until further notice, or likely until after the Lab construction is complete, slated for fall 2017.

Check Those Web Cams

Reports are that viewings on the various island web cams are up. Happens every year when winter weather sets in up north. If you too want to check them out, it is easiest to go to the Chamber’s website at https://sanibel-captiva.org/sanibel-webcams/. Then pick and choose the location: Island Inn, Casa Ybel Resort, Sundial Beach Resort & Spa, J.N. “Ding” Darling Wildlife Refuge, The Mucky Duck, or Pink Shell (on Fort Myers Beach).

For the traffic cams, go to http://www.mysanibel.us/traffic/ and choose from: Causeway Span C, Periwinkle & Casa Ybel (looking east or west), Periwinkle & Tarpon Bay (looking north, south, or east).

island-cowReopening Soon

  • Sanibel Café – which has been closed since the end of September due to a kitchen fire is expected to reopen before the end of the year.
  • Island Cow – has been closed all week while the parking lot is getting pavers.

Got Shells? Give Shells!

mid-August-Sanibel-shells

Photo by Pam Rambo at http://www.ILoveShelling.com

According to their Fall 2016 newsletter, “The Shell Museum needs shells. Not the world’s largest or rare specimens for …exhibits, but the kinds of shells anyone can find on our local beaches on any given day. Why this “shell emergency?” The daily Family Shell Art programs are so popular that the Museum is running low on raw materials, aka shells!…

“”The shells don’t have to be perfect, and they can be from any Southwest Florida beach…they do need to be clean, and they must not be what the museum calls “live collected”, in other words, …only shells that are empty when found.”

“The preferred types of shells are lightning whelks under 3” long, paper figs, tulips, rose petal telins, buttercup lucins, apple murexes, paired cockles, dosinias, coquinas, large scallops, kitten paws, turkey wings, and button snails.

“Anyone with shells to donate may bring them to the Museum…for information, call 239-395-2233.”

Shell Art at the Beach

Here are a couple of photos of some cool holiday beach art made from shells in the sand. The word on the beach is that this is the work of a visiting couple who come to the island every year now. The husband creates the displays for his wife. This year, they include: a reindeer, a penguin wearing a Santa hat, and Santa himself with a few gifts. Pretty creative!

shell-art-2-12-2016shell-art-3-12-2016shell-art-12-2016

Sanibel & Captiva Multiple Listing Service Activity December 2-9, 2016

Sanibel

CONDOS

4 new listings: Sanibel Arms West #H2 2/2 $525K, Lighthouse Point #217 3/2/2 $569K, Lighthouse Point #211 2/2 $699K, Loggerhead Cay #181 2/2 $699K.

2 price changes: Donax Village #3 2/2 now $489K, Sanddollar #B204 2/2 now $895K.

4 new sales: Sunset South #11C 2/2 listed at $599K (our listing), Sundial East #P201 2/2 listed at $789K, Kings Crown #105 3/2 listed at $1.289M, Golden Beach #2 3/2.5 listed at $1.499M.

4 closed sales: Loggerhead Cay #452 2/2 $520K, Blind Pass #B203 3/2 $540K, Mariner Pointe #943 2/2.5 $555K, Chelsea Place #2 3/4 $3.65M.

HOMES

6 new listings: 915 Main St 2/1 $449K, 1817 Atlanta Plaza 3/2 $504.9K, 1983 Roseate Ln 2/2 $539K, 3043 Poinciana Cir 4/2 $599K, 465 Lake Murex Cir 2/2.5 $659K, 539 East Rocks Dr 5/5 $1.3M.

3 price changes: 998 Greenwood Ct 3/2 half-duplex now $439K, 5105 SanibelCaptiva Rd 4/3 now $664K, 1272 Isabel Dr 4/4.5 now $3.45M.

3 new sales: 4215 Old Banyan Way 3/3 listed at $699K, 3019 Poinciana Cir 5/3.5 listed at $950K, 232 Robinwod Cir 4/3 listed at $1.195M.

2 closed sales: 677 Durion Ct 3/2 $733K, 526 N Yachtsman Dr 3/2 $945K.

LOTS

2 new listings: 434 Lake Murex Cir $275K, 1301 Sand Castle Rd $380K.

1 price change: 1311 Par View Dr now $289K.

1 new sale: 592 Sea Oats Dr listed at $349.9K.

No closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

1 new listing: 11530 Chapin Ln 3/2 $1.395M.

2 price changes: 14980 Binder Dr 4/3 now $1,377,963; 14860 Mango Ct 5/4 now $2,343,953.

No new sales.

2 closed sales: 1135 Longifolia Ct 4/4.5 $3.45M, 953 South Seas Plantation Rd 5/5.5 $5.8035M

LOTS

No new listings or price changes.

1 new sale: 16950 Captiva Dr now $2.995M.

No closed sales.

(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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

christmas-giftsUntil next Friday, enjoy your pre-holiday fun & please give The SanibelSusan Team a call if buying a piece of Paradise is on your Christmas list!

Susan Andrews, aka SanibelSusan

Wrapping Up October Real Estate on Sanibel & Captiva Islands


sunset from master

It’s Susan with The SanibelSusan Team’s weekly update on island real estate activity. Things on Sanibel & Captiva Islands definitely are picking up.

We were especially reminded of that last Friday afternoon when 3 p.m. rolled around and traffic backed-up in front of the office heading east on Periwinkle. First time, we recall that happening in October, but it’s in line with the many visitors who come this month every year and saying that this year the island is busier than they remember it.

Of course, we hope plenty of these visitors are looking to buy real estate. Over the last seven days, there were three condo sales and a home sale on Sanibel, and one condo sale on Captiva. Those numbers need to pick up considerably for us to really say that “season” is in full swing. The activity posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday’s Realtor® Caravan Meeting was well attended, with many dressed in costume adding some levity to our usually serious announcements.

Twelve new listings were on the following caravan tour including ours at 537 Lake Murex Circle. These meetings have now reverted to the “every Thursday” morning schedule, with up to 20 properties allowed each week, so if you are on the islands on Thursday mornings watch for the open house signs, if you like to preview new listings too.

Mortgage Rates Surge to 4-Month High

FreddieMacLogo_3According to “Daily Real Estate News” on line, last week, “for the second week, mortgage rates moved higher. This time, the 30-year fixed-rate mortgage inched above 3.5% for the first time since June.

““This month, mortgage rates seem to be catching up to Treasury yields and returning to pre-Brexit levels,” says Sean Becketti, Freddie Mac’s chief economist.

“Freddie Mac reports the following national averages with mortgage rates for the week ending Oct. 20:

  • 30-year fixed-rate mortgages: averaged 3.52%, with an average 0.5 point, rising from last week’s 3.47% average. Last year at this time, 30-year rates averaged 3.79%.
  • 15-year fixed-rate mortgages: averaged 2.79%, with an average 0.5 point, also rising from last week’s 2.76% average. A year ago, 15-year rates averaged 2.98%.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.85%, with an average 0.4 point, increasing from last week’s 2.82% average. Last year at this time, 5-year ARMs averaged 2.89%.”

These rates still are near historic lows, but if you are thinking of taking advantage of them, you may want to lock in soon as increases may continue.

Sanibel Community House Update

Community Ctr renovationConstruction is moving along at the Sanibel Community House, but in their update this week, they mentioned that a delay is definite and that the annual mini-golf usually held between Christmas and New Years has been postponed. The annual island Thanksgiving Celebration held the Sunday before the holiday, this year will be at Schein Performance Hall at BIG ARTS, rather than the Community House. Appears that the new Community House will be ready in early January.

New Closing Rules Remain a Challenge

It has been a little more than a year since new federal closing rules took effect. Under the rules, the HUD-1 Settlement Form was replaced with a new Closing Disclosure, the Good Faith Estimate was replaced with a new Loan Estimate, and some new timing requirements were imposed.

realtor logoReal estate professionals continue to have concerns with the changes and were among the many people and organizations that submitted almost 1,600 comments to the Consumer Financial Protection Bureau as it works to finalize a rule that would try to improve the process. The National Association of Realtors® (NAR) also submitted comments. Among other points, NAR says it remains too difficult for real estate professionals to get a copy of the closing disclosure so they can help their clients.

For many years on the islands, most sales have been cash. However, the low interest rates this year have brought an increased number of sales with bank financing. That probably will continue into “season”. Those sales with loans are the ones affected by the new federal forms, disclosures, and additional time requirements.

Most local Realtors® – us included – encourage buyers to do their financing here, not only are local lenders more attuned to what is needed for a loan on a barrier island, but their rates are competitive – and often better than a distant hometown bank. Also, it is much easier for us and local title companies to keep tabs on loan processing and ensure that timetables are met, when the lender is local.

Sanibel & Captiva Islands Multiple Listing Service Activity October 21-28, 2016sancap GO MLS logo

Sanibel

CONDOS

5 new listings: Donax Village 33 2/2 $499K, Villa Sanibel #2G 2/2 $589K, Sanibel Surfside #127 2/2 $1.15M, Signal Inn #19 3/2 $1.195M, Golden Beach #2 3/2.5 $1.499M.

2 price changes: Lake Palms #8 2/2.5 now $345.5K, Tigua Cay #487 3/3.5 now $1.849M.

4 new sales: Blind Pass #B203 3/2 listed at $575K, Loggerhead Cay #211 2/2 listed at $599K, Sunset South #15B 2/2 listed at $999K, Surfside 12 #B3 3/2 listed at $1.124M.

3 closed sales: Sundial West #B108 1/1 $340K, Sandpebble #2B 2/2 $390K (our listing & sale), Sanibel Surfside #117 2/2 $935K.

HOMES

9 new listings: 1851 Farm Trail 3/2 $529K, 1150 Schooner Pl 2/2 $599K, 1245 Anhinga Ln 3/2 $649K, 958 Sand Castle Rd 3/2 $679K, 1809 Bowmans Beach Rd 3/2 $799K, 537 Lake Murex Cir 3/3 $949K (our listing, shown below), 3019 Poinciana Cir 5/3.5 $950K, 2479 Blind Pass Ct 3/2 $1.1M, 407 Bella Vista Way 4/4 $3.199M.

5 price changes: 5105 SanibelCaptiva Rd 4/3 now $677.7K, 5751 Baltusrol Ct  3/4 now $1.05M, 900 Almas Ct 3/3.5 now $1.289M, 1326 Seaspray Ln 4/4.5 now $2.145M, 5075 Joewood Dr 4/4.6 now $3.59M.

1 new sale: 1333 Par View Dr 3/2 listed at $879K.

1 closed listing: 3792 Coquina Dr 3/3 $987.5K.

LOTS

No new listings.

1 price change: 690 Birdie View Pt now $389K.

No new or closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Seabreeze #1253 3/3 listed at $1.569M.

1 closed sale: Marina Villas #807 2/2 $645K.

HOMES

No new listings.

3 price changes: 14980 Binder Dr 4/3 now $1,377,998; 11537 Laika Ln 4/3 now $1.575M; 14860 Mango Ct  5/4 now $2,343,999.

No new or closed sales.

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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Hard to believe that next Friday is November. Until then,

Susan Andrews, aka SanibelSusan

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Photo by Jim Anderson, JMA Photography