What’s Hot in the Sanibel Island Real Estate World

It is time to wrap up a week of iffy weather on Sanibel & Captiva. Several days have been cloudy and chilly (nights in the 50’s, days in the 60’s/low 70’s), with short shower interruptions as several cold fronts passed SW FL. (Coming from Maine, it still gives me a chuckle that 50 degrees is considered a cold front.)  The forecast says, chilly days will continue until it is fully sunny again on Tuesday, followed by a warm-up next week. We are ready!

Like the weather, the red tide reports change daily. Though the news seems to report that the sky is falling, the red tide readings this week have been minimal. Here is the link again for the NOAA site that tracks those measurements in the Gulf of Mexico, https://habforecast.gcoos.org/ Most of the high readings, have been south of the islands, with Lighthouse Beach sometimes affected.

Here at SanibelSusan Realty, the team has been keeping things moving with both our listings and sales. We also have a new listing, Kings Crown #104. A bit tough to get a property sold during a pandemic when there is a paying guest, meaning one cannot get in. This renter is there until the end of the month. Makes it challenging to view a property, get professional photos, and market without having access; but we like challenges. Even sight-unseen buyers like to see what the inside looks like, but the beach there is fantastic. See below!

Beach in front of Kings Crown

Our listings had more showings this week and more action was reported in the Sanibel & Captiva Islands Multiple Listing Service. Our closing late last Friday also has been posted. That info follows a few news items below.

What’s Hot & What’s Not

First, it always makes sense to look at the larger complexes and communities. For example, at Sundial Beach & Golf Resort, 26 units sold last year, compared to 20 in 2019. Today, five units are under contract and just three are for sale. Safe to say that community is hot!

Likewise, at The Dunes, 39 homes sold last year, compared to 20 in 2019. There, four homes are under contract and just two are available.

Canal-front homes like in Sanibel Estates and Shell Harbor also sold well last year. In 2020, 37 sold, compared to 20 in 2019. There, three homes are under contract, while eight are for sale. More inventory here is somewhat indicative of what has been happening with the high-end product.

Last year on Sanibel, 503 residential properties (condos, homes, lots) sold, median price was $700,000. In 2019, 353 sold, with the same median price ($700,000). Comparing that to today’s Sanibel inventory: there are 192 properties for sale, median asking price is $859,000.

Of the 192 Sanibel properties for sale today, 26 are over $2M. Of the 503 that sold last year, only 26 were over $2M – perhaps illustrating that there is a year’s worth of high-end available.

With homes being the hottest commodity during the pandemic lockdown months, it was interesting to see lots moving once the more-affordable island homes started disappearing. Last year, 23 Sanibel vacant residential lots sold. In 2019, that number was 15. Today, 18 already have sold or are under contract.

Condo sales which were a little sluggish during the lockdown are moving well now too. First quarter, when the most condo visitors are in town, is generally when we sell the most condos. This year should be no exception, however, just 84 Sanibel condos are available, compared to 192 sales in 2020, 127 in 2019, 29 under contract.

Florida Realtors®

Florida Realtors® Mid-Winter Business Meetings have begun. This is when the state committees meet (via Zoom, this year) and the annual installation of officers occurs. Wed morning, I attended the Forms Content Committee meeting. Next week, I’ll be Zooming in at the Realtor® Town Hall, Faculty and Curriculum Subcommittees, and Resort & 2nd Home Specialist Think Tank.

Sanibel – COVID-19

On Tuesday, Sanibel Mayor Mick Denham extended the island declared state of emergency due to COVID-19 until January 19, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through January 14 is 176 cases. Locals are trying to stay calm, but that is 19 cases in seven days. This is just the number cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings. Essentially no relief yet for the thousands of county residents over 65 looking to get vaccinated.

Plenty of Reasons for Optimism

Below are excerpts from an article in the January/February 2021 issue of “REALTOR®”, by National Association of Realtors® Economist, Lawrence Yun.

“The housing market was a spectacular surprise in 2020 – and the positive trend will continue this year. Home sales in 2021 are expected to rise by around 10%. Home prices will also climb, but I expect more moderate increases than we’ve seen, a break for staying at or near historic lows of 3% on average. The labor market will strengthen, especially as vaccines become widely available and life moves toward normal.

“Around 4 million net jobs could be added, a gradual rebound from the net loss of roughly 7 million during the pandemic year of 2020. The unemployment rate by the year’s end could be at 5.5%, a great improvement from 14.7% in April 2020 when the nation was under a strict lockdown, but still a few notches up from the generational low of 3.5% right before the pandemic.

Low mortgage rates have been the key reason for the housing market’s strong performance in the midst of the pandemic and high employment…. While mortgage rates are highly influential, they’re not the only factor affecting home sales. Given the substantial commitment and financial dollars at stake, consumer confidence and life-cycle events such as marriage, changes to family size, and retirement all play a role. During the pandemic, we learned that most people who work in offices could be just as productive at home, and this new reality will help fuel home sales in the post-pandemic economy. Already, big tech companies are allowing greater work-from-home flexibility. Other organizations will no doubt follow in some hybrid fashion. Perhaps the work-from-home trend was inevitable as internet speed and software improved. The pandemic just accelerated the timeline in a flash.

Owners who were content with their home before the pandemic are thinking about the benefits of another bedroom to use as a dedicated home office or are considering relocating to the countryside, knowing that commuting to downtown offices every day has become a thing of the past. Some consumers are turning to vacation properties as an appealing work-from-home option….

“The encouraging news on the home front contrasts drastically with the specter of newly empty office buildings. Those with leases are still mostly paying rent even though office spaces are not being used, and businesses with leases that are terminating are clearly reevaluating their space needs. In the second and third quarter of 2020, office usage dropped by a combined 74 million square feet. The situation will not improve until the middle of year; even then, the normal relationship between office job creation and net new leasing will not align as many companies will reevaluate and rejigger their office space needs. Downtown retail shops and eateries will also undergo a harsh transition from the reduced foot traffic….

“The housing market is facing an acute inventory shortage. Adding more demand without addressing the supply will push up home prices at an even faster clip. That is why it’s critical to turn raw land into developable lots so that homebuilders can increase production. But Biden’s proposal to remove 1031 like-kind exchanges from the tax code would hinder land sales and pile more negative pressure onto commercial real estate. Without serious reconsideration of this tax incentive, home prices could take off and essentially negate the benefit of federally supported down payment assistance programs.

“The Biden administration is also likely to appoint Federal Reserve governors who will be more tolerant of higher inflation in order to quickly bring down the unemployment rate. That means printing more money. Don’t be surprised if, over time, prices for a tangible asset like real estate consistently outpace overall consumer price inflation. Even bitcoin, with its limited supply, may attract investors.

“Finally, under a Biden presidency, overall government spending is likely to rise. The goal: Fix the economy before worrying about the deficit. Spending on programs such as high-speed internet access for rural communities and improved rail transportation to distant suburbs will have a positive impact, since demand will continue to increase outside of city centers. Land is plentiful and relatively cheap, making it easier for homebuilders to construct homes. Only when the supply of new homes is growing does stimulating additional demand make sense.

Looking to File for a Florida Homestead Exemption?

This Homestead Exemption is a constitutional benefit of up to a $50,000 exemption removed from the assessed value of your property. It is granted to those applicants who possess title to real property and are bona fide Florida residents living in the dwelling and making it their permanent home on January 1. Documentation that proves you were a resident at the homestead property is required.

Rental of the Homestead Property – Property owners who receive the homestead exemption on their residence need to be aware that personally renting their property or renting through home-sharing or collaborative consumption companies may constitute abandonment and, therefore, loss of the homestead tax exemption. Renting typically means exclusive use by a tenant on a temporary, seasonal, or annual basis. If you plan to rent, please contact the appropriate legal advisers to be sure that you do not jeopardize your homestead exemption. Relinquishing your homestead exemption will increase your property taxes.

Value Limitations (caps) – Properties granted homestead exemption automatically receive the “Save Our Homes” benefit. This is a constitutional benefit approved by the Florida voters in 1992. It places a limitation of 3% on annual assessment increase on homestead properties beginning with the 1995 tax year. For properties granted homestead exemption in the prior years, that assessed value will be the base value for the implementation of “Save Our Homes”. Thereafter, the assessed value will not increase more than 3% or the Consumer Price Index, whichever is less. Exceptions to that limitation include new additions or construction that escaped taxation in the past. When a homestead property sells, the assessed value returns to fair market value in the year following the sale. That value assessment then becomes the new owner/homestead applicant’s base value for “Save Our Homes” purposes.

When to File – Florida law requires that application for a new Florida Homestead Exemption be made by March 1st to be eligible for up to a $50,000 Homestead Exemption. Only new applicants or those who had a change of residence need apply. Automatic renewals are mailed in January each year. The Lee County Property Appraiser’s Office offers on-line filing for Homestead Exemption is at www.LeePA.org.

There are two ways to apply, depending on certain criteria. If you meet ALL of the criteria below, application may be made online using the “Quick Apply Form”:

  • You are applying for Homestead Exemption ONLY
  • You are applying for yourself or you and your spouse
  • You have a valid Florid Drivers License for both you and your spouse (if applying together), and the Drivers License shows the address of the property you would like to apply for
  • You resided in the home prior to January 1, 2021.

If ANY of the criteria below apply, use their Homestead Online form:

  • You are applying for Homestead Exemption AND Portability
  • You are applying for Homestead Exemption for owners other than you and your spouse
  • You are married and your spouse is NOT applying
  • You have a partial interest in the property that you are applying for.

Sanibel & Captiva Islands Multiple Listing Service Activity January 8-15, 2021

Sanibel

CONDOS

4 new listings: Captains Walk #B3 1/1 $299.9K, Sanibel Arms West #A3 2/2 $529K, Sanibel Arms West #B5 2/2 $569K, Pointe Santo #E22 2/2 $899K.

7 price changes: Sundial #F108 1/1 now $435K, Sanibel Arms West #J3 2/2 now $569K, Cottage Colony West #125 1/1 now $599K, Cottage Colony West #119 1/1 now $609K, Sandalfoot #3C3 2/2 now $698K, Sand Pointe #113 2/2 now $789K, Sundial #P402 2/2 now $1.189M.

6 new sales: Mariner Pointe #1043 2/2 listed at $490K, Sundial #G406 1/1 listed at $519K, Sandpiper Beach #401 2/2 listed at $775K, Sandpiper Beach #205 2/2 listed at $815K, Sanctuary Golf Villages #1-5 2/2.5 listed at $999K, Sandpiper West #1 3/3 listed at $2.15M.

3 closed sales: Beach Road Villas #105 2/2 $479K, Mariner Pointe #522 2/2 $484.9K (our listing), Breakers West #B5 2/2 $560K.

View from Mariner Pointe #522

HOMES

9 new listings: 4661 Rue Bayou 2/2 $679K, 5100 Sea Bell Rd 3/2.5 $868K, 4202 Old Banyan Way 3/2 $899.5K, 1147 Buttonwood Ln 3/2 $1.335M, 751 Windlass Way 5/5 $1.595M, 940 Whelk Dr 3/2 $1.595M, 3910 Coquina Dr 6/4 $1.95M, 1680 Hibiscus Dr 3/3.5 $2.15M, 1266 Isabel Dr 3/3 $2.895M.

1 price change: 1430 Sanderling Cir 3.5 now $799K.

10 new sales: 956 Dixie Beach Blvd 2/1 listed at $449K, 1415 Sandpiper Cir 2/2 half-duplex listed at $459K, 1076 Sand Castle Rd 2/2 listed at $750K, 9421 Moonlight Dr 3/2 listed at $775K, 1030 Kings Crown Dr 2/2 listed at $879.9K, 1308 Eagle Run Dr 4/4 listed at $1.549M, 784 Birdie View Pt 4/4 listed at $1.795M, 5771 Baltusrol Ct 3/4 listed at $1.8M, 2564 Wulfert Rd 4/5.5 listed at $1.929M, 2336 Starfish Ln 3/2.5 listed at $2.195M.

5 closed sales: 753 Nerita St 3/2 $545K, 1001 East Gulf Dr 2/2 $595K, 1073 Sand Castle Rd 3/2 $740K, 482 Lake Murex Cir 3/2 $780K, 2984 Island Inn Rd 3/2 $815K.

LOTS

1 new listing: 9042 Mockingbird Dr $395K.

2 price changes: 3013 Poinciana Cir now $249.9K, 2933 Wulfert Rd now $349K.

1 new sale: 6095 Dinkins Lake Rd listed at $269,555.

1 closed sale: 1313 Par View Dr $300K.

Captiva

CONDOS

No new listings.

1 price change: Beach Homes #6 3/3 now $2.879M.

2 new sales: Tennis Villas #3136 1/1 listed at $340K, Beach Homes #25 3/2 listed at $1.995M.

No closed sales.

HOMES

2 new listings: 14865 Captiva Dr 4/4 $1.699M, 14980 Binder Dr 4/4 $2.55M.

2 price changes: 11544 Wightman Ln 4/4.5 now $2.25M, 16500 Captiva Dr 6/6/2 now $6.289M.

3 new sales: 11520 Wightman Ln 3/2 listed at $2.589M, 16189 Captiva Dr 6/4 listed at $3.699M, 1119 Schefflera Ct 4/3.5 listed at $5.975M.

1 closed sale: 11521 Laika Ln 3/3 $1.275M.

LOTS

Nothing to report.

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

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

Until next Friday, stay warm, safe, & smiling! Susan Andrews, aka SanibelSusan

Ready to Set New Records in 2021

Welcome to the 2nd Friday Sanibel/Captiva real estate update in 2021. With the holidays over and a home inspection this afternoon, we are wrapping up another productive week at SanibelSusan Realty – two more sales, more listings shown, more action items accomplished for both listings and upcoming closings, and a closing late today. The last time we had seven sales on the books in just the first week of the year was back in 2004 which was our record year, so we are crossing our fingers to break that record in 2021.

Traffic lessened last weekend when many holiday visitors departed. Unfortunately, coronavirus numbers are up and expected to go higher. Below are a couple of news items, including COVID update, followed by the action since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel & Captiva Island Association of Realtors®

Though still not meeting in person, our local Association of Realtors® held a Zoom meeting Wednesday with required attendance by our Board of Directors and members serving as 2021 Ombudsmen or on Grievance and Professional Standards Committees. That annual training updates the leadership team on recent changes regarding ethics and arbitration issues. Thanks to Marcia Tabak, Deputy General Counsel at Florida Realtors®, for hosting.

Thursday morning was a Zoom Caravan meeting for our entire membership. No new listings were open for caravan viewing, but both Jim Hall (VIP Realty Group) and I announced new sales. No price reductions were announced. My announcement of our new listing at Sandalfoot #3B3, was the only new listing mentioned.

The next Caravan meeting will follow our Annual Installation of Officers and Awards Ceremony at 8 a.m. Jan 17, also on Zoom.

With most of the year-end closings now posted on the Sanibel & Captiva Islands Multiple Listing Service, below is an update of the statistics. Shown are the recent sales action, compared to 2019, and inventory today. To say, more listings are needed is an understatement. Many Realtors® have buyers awaiting the perfect property that meets their requirements.

 

SANIBEL

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
Available 86 820,012 63 2,036,258 45 816,216
Under Contract 27 709,322 53 1,346,665 17 783,177
Sold 2021 to-date 2 995,000 3 1,324,666 1 265,000
Sold 2020 192 733,876 288 951,487 23 606,233
Sold 2019 127 694,392 211 949,790 15 372,200

 

 

CAPTIVA

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
Available 20 1,622,849 32 3,713,937 3 5,131,666
Under Contract 8 787,375 8 787,375 0 N/A
Sold 2021 to-date 1 2,700,000 2 2,762,500 O N/A
Sold 2020 47 821,713 27 2,923,148 4 2,537,500
Sold 2019 29 1,037,077 17 2,737,503 1 1,375,000

Sanibel – COVID-19

On Tuesday, Sanibel Mayor Mick Denham extended the island declared state of emergency due to COVID-19 until January 12, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through 9 a.m. January 7 is 157 cases. Twenty-one were reported just last week. This is just the number cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Vaccination Rollout Update from Florida Department of Health & Lee County Government

FYI, as posted yesterday on http://www.MySanibel.com:

“Fort Myers, FL, Jan. 7, 2021 – Tidal Basin, the state’s call-center vendor for COVID-19 vaccinations for seniors and front-line medical workers, earlier this week captured more than 10,000 phone calls in 11 minutes when its new reservation line opened. The Florida Department of Health-Lee (FDOH) and Lee County today have announced that next Tuesday and Wednesday’s allocation of vaccinations at the current site will be used for those additional callers, most of whom now have been pre-registered by the vendor.

“The phone line for reservations is currently closed and remains closed; residents are asked to not dial the call center. The state and county will announce when additional vaccine doses are available and the line reopens. Visit  www.leegov.com/vaccine

“Tidal Basin will begin placing calls to schedule the pre-registered slots beginning this afternoon through Monday. Not every pre-registered individual will receive a scheduling call today. Shots will be administered between 8 a.m. and 6 p.m. Tuesday and Wednesday, Jan. 12 and 13.

“DOH-Lee anticipates administering about 4,000 doses during those two days at the current site, which is east of Interstate 75 off Daniels Parkway. It’s the site of the old airport terminal parking lot off Paul J. Doherty Parkway. The site has proved a successful solution to vaccinating thousands of people 65 and older without an unnecessary wait. Traffic to and from the site is flowing; parking is ample; people with appointments are not experiencing delays. Public transportation is available to the site.

“By close of business today, more than 11,000 individuals will have been vaccinated at Lee County sites. This total does not include medical workers vaccinated at separate sites by the Florida Department of Health-Lee or vaccinations issued by other entities such as Lee Health.

“FDOH-Lee and the county soon will announce information about the second dose of the vaccine and how scheduling will be handled.

“The state and county have requested that Tidal Basin stand up a help line or call center for pre-registered people who have questions. Details will be announced when they become available at www.leegov.com/vaccine .

“As COVID-19 vaccine distribution continues, the Lee County Sheriff’s Office advises to be aware of emerging fraud schemes, such as:

  • Calls asking to pay out of pocket to get the vaccine.
  • Calls asking to pay to put your name on a vaccine waiting list or to get early access.
  • Advertisements for vaccines through social media platforms, email, telephone calls, online or from unsolicited/unknown sources.
  • Marketers offering to sell or ship doses of the vaccine for payment.
  • Requests from someone unknown to an individual asking for a social security number, bank account information or credit card information.

“Lee County residents who believe they have been the victim of COVID-19 fraud can report it to:

  • Lee County Sheriff’s Office fraud line – 258-3292
  • HHS-OIG Hotline: 1-800-HHS-TIPS or log on to hhs.gov
  • FBI Hotline: 1-800-CALL-FBI
  • CMS/Medicare Hotline: 1-800-MEDICARE

“Additional information: Complete information can be found at www.leegov.com/vaccine . People can visit Lee County Government Facebook and other social media channels (www.leegov.com/socialmedia ) or monitor Florida DOH’s Twitter @flhealthlee. The United Way 211 line for vaccine questions is staffed 24/7. Dial 211 or 239-433-3900. This is not a reservation or appointment phone line.”

2021 Resolution: Cut Risk – 15 Steps to Resolve Legal Issues

Posted on FloridaRealtors® this week, the below article is sourced to Gary M. Singer, “Sun Sentinel” (Fort Lauderdale, FL). Distributed by Tribune Content Agency, LLC. It has some excellent points.

“Many legal troubles start with phrases like “I didn’t realize that …” or “I didn’t read that part of the document.” To lower risk and avoid trouble, ask questions, read contracts, do research, take notes, record with cellphone photos and take an extra day to think about things.

“FORT LAUDERDALE, Fla. – As another year starts, it’s once again time to discuss some lessons we’ve learned in dealing with real estate law issues. Therefore, I present to you, in no particular order, some best practices you can use when dealing with any legal matter.

  • Do not sign anything you have not read and understood.
  • Do not be afraid to ask questions, and do not feel you must accept the answers at face value.
  • If you have any doubt as to what you are told, do more research.
  • There are very few things that cannot wait one day while you think about it.
  • Whenever a situation seems like it might become a problem, take lots of notes and cell phone photos.
  • If you come to a meaningful agreement on a telephone call, send an email to the person you spoke with to confirm the details.
  • While confrontation can be uncomfortable, the best and least expensive way of resolving a dispute is speaking calmly to the responsible party about the issue.
  • If the branches from your neighbor’s tree hang over your property line, you can safely trim them back, at your expense, as long as you do not damage the tree’s health.
  • Consult with an estate planning professional to get your will done.
  • If you are buying a property with someone you are not married to, it is good to get a joint property ownership agreement prepared.
  • If you rent a home, you should read the landlord-tenant statute; it is relatively easy to read and acts as an instruction manual.
  • When buying a property in a condominium or homeowners association, you need to understand the rules and live by them. If this idea does not work for you, find a different property.
  • Don’t underestimate the importance of insurance and the importance of shopping around for the best price.
  • Some have said that good fences make good neighbors, but I find it is more accurate to say that good people make good neighbors.
  • As hard as it can be to sift through the junk, it is essential to check your mail for important notices regularly.

“It has been a rough year. I hope these tips will help your new year be a better one.”

Wildlife Refuge Status Update

From today’s “Ding” on the Wing”: The J.N. “Ding” Darling National Wildlife Refuge has announced changes to scheduling due to the lingering effects of the pandemic. Until further notice, the Visitor & Education Center will be closed every Sunday.

Monday through Saturday 9 a.m. to 4 p.m., the front desk and Refuge Nature Store will be open in the Center. All exhibits remain closed. The Center’s restrooms will stay open daily 9 a.m. to 4 p.m., and Wildlife Drive will continue with its seasonal schedule of Saturday to Thursday 7 a.m. to 5:30 p.m.

recreation concession tours and rentals will operate according to their regular schedule.  Stay up-to-date on Refuge news and events at our COVID-19 page.

Sanibel & Captiva Islands Multiple Listing Service Activity January 1-8, 2021

Sanibel

CONDOS

4 new listings: Sanibel Moorings #242 1/1 $424.5K, Blind Pass #E207 2/2.5 $489K, Sanibel Arms West #F1 2/2 $949K, White Pelican #111 2/2 $1.2999M.

3 price changes: Blind Pass #E101 2/2 now $485K, Loggerhead Cay #274 2/2 now $669K, Sandpiper Beach #401 2/2 now $775K.

7 new sales: Sundial #I102 1/1 listed at $450K, Sanibel Arms West #H6 2/2 listed at $579K, Sanibel Moorings #441 2/2 listed at $585K, Loggerhead Cay #542 2/2 listed at $685K, Surfside 12 #A4 3/2 listed at $849K, Yacht Haven #4 3/2 listed at $895K, Sundial #L205 3/2 listed at $1.395M.

6 closed sales: Tennisplace #B24 2/2 $350K, Spanish Cay #F4 2/2 $390K, Blind Pass #G201 2/2 $520K, Sanibel Arms West #K7 2/2 $550K, Sanibel Moorings #932 2/2 $562K, Somerset #A101 3/2.5 $1.6M.

HOMES

3 new listings: 2620 West Gulf Dr 3/2 $799K, 1890 Middle Gulf Dr 3/3 $1.2M, 1283 Isabel Dr 3/2 $1.925M.

4 price changes: 9254 Kincaid Ct 2/2 now $493K, 1560 Royal Poinciana Cir 3/2 now $899K, 837 Sand Dollar Dr 3/3.5 now $1.995M, 1761 Venus Dr 4/3.5 now $2.095M.

11 new sales: 1684 Bunting Ln 2/2 listed at $514,555; 315 East Gulf Dr 3/2 half-duplex listed at $559K; 430 Old Trail Rd 3/2.5 listed at $629K; 610 Hideaway Ct 3/2 listed at $699K (our buyer); 566 Boulder Dr 3/2 listed at $739K; 1076 Sand Castle Rd 2/2 listed at $750K; 2010 Wild Lime Dr 4/4 listed at $759K; 2001/2003 Mitzi Ln 6/6 duplex listed at $859K; 1672 Hibiscus Dr 3/2 listed at $899K; 215 Hurricane Ln 3/3 listed at $1.089M; 815 Birdie View Pt 3/3 listed at $1.395M.

5 closed sales: 1667 Atlanta Plaza Dr 2/1.5 $413K, 718 Durion Ct 3/2 $550K, 705 Rabbit Rd 3/3 $699K, 215 Hurricane Ln 3/3 $1.029M, 1718 Jewel Box Dr 4/4.5 $2.725M.

LOTS

1 new listing: 717 Birdie View Pt $399K.

1 price change: 1292 Par View Dr now $349.9K.

7 new sales: 1894 Farm Trl listed at $199K (our listing & buyer), 9436 Beverly Ln listed at $235K, 3354 Barra Cir listed at $365K, 602 Boulder Dr listed at $399K, 836 Limpet Dr listed at $1.345M, 1159 Golden Olive Ct listed at $1.599M, 1246 Seagrape Ln listed at $2.789M.

1 closed sale: 5627 Baltusrol Ct $265K.

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Lands End Village #1628 4/4 $2.7M.

HOMES

No new listings or price changes.

1 new sale: 11431 Dickey Ln 3/2 listed at $1,168,500.

3 closed sales: 11523 Andy Rosse Ln 5/5.5 $1.975M, 11555 Wightman Ln 3/2 $3.55M, 15831 Captiva Dr 2/2.5 $5M.

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.

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

Until next Friday, stay safe,

Susan Andrews, aka SanibelSusan

Happy New Year & Happy 1st Friday 2021

Happy New Year 2021, with best wishes to all from The SanibelSusan Team.

It is just me (Susan) in the office this afternoon – albeit briefly after showing a few homes earlier. Gorgeous day to do that as was just mid-70’s when we started out at 10 a.m., then warming up to 78 degrees F about 2 p.m. Bright blue sky, lots of sunshine, and breezy – best kind of island day.

SanibelSusan Realty has had a good week. A listing sale closed Tues, Dave had a closing Thurs, we got a new listing, several action items were completed for other listings awaiting closings, and I have been writing offers this afternoon – which is why this is emailed a little later than usual – all good indicators that “season” is here.

As another indicator, what a difference a week makes! There was a huge traffic increase this week (compared to last week (Christmas)). The City announced Tuesday that 7,000 cars had crossed the causeway that morning. Wednesday, by midday, that day count already was up at 6,000. Those additional day-trippers make the roadways slow-going when heading off-island from about 3 p.m. until dark. If you need to travel then, remember to check the City traffic cams on www.MySanibel.com.

With several daytime runs by both teammate Elise and I between the office and the East end, and on-/off-island, we also could not help but notice the number of bikers. I do not remember the bike paths ever being this busy. The pickleball courts were packed most of the time too. Likely the wonderful weather brought visitors escaping the snowy north and doldrums of the pandemic. We just pray none of them brought more viruses.

Below are a couple of news items, including COVID update, followed by the action since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel – COVID-19

On Tuesday, Sanibel Mayor Mick Denham extended the island declared state of emergency due to COVID-19 until January 5, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through 9 a.m. December 31 is 138 cases. Fifty-four of those cases are just since December 1. This is just the number cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

How the Coronavirus Is Changing Buying & Selling Real Estate

The need to practice social distancing and restrict in-person contacts has accelerated both innovation and technology. Realtors® servicing Sanibel and Captiva, where both sellers and buyers often are in far-away places, have always provided different services than in a traditional geographical area where both parties are nearby. From the pandemic, there likely will be some long-lasting effects, like those below.

Competitive Buying – Purchasers that are out of town are more motivated to make sight-unseen offers. For those successful offerors, using the “as is” contract, the buyer may use the 15-day inspection/cancellation period to come and see the property, and/or have inspections performed. In the last few weeks, we have had two listings sell sight-unseen. Both received multiple offers with the sight-unseen buyers winning out, because they were willing to pay full price.

Streaming Videos & FaceTime Showings – Professional photography including drone aerials with streaming videos continue to get prospects interested in a property. After they become interested, virtual walk-throughs and Facetime showings by us or their Realtor® have become popular. We have had almost as many showings that way in the last few months as showings with the buyers there in-person.

Meetings – Though most now are more familiar with cleaning procedures and protocols for traditional showings in today’s more hygienic environment, more meetings are held virtually. These include listing presentations, discussions on making offers, even actual closings. Though SanibelSusan Realty has not again begun holding open houses, we are available to open our listings for showings or deliver keys and fliers to Realtors® not going to their offices. Whatever it takes to get them sold, while staying safe!

400 Rabbits Is Open

There have been many positive reports on social media this week about the soft opening and then the full opening yesterday of the all-new restaurant “400 Rabbits” which is in the shopping center on the San-Cap Rd end of Rabbit Rd. Mexican-inspired and with a tequila bar, this venture combines the culinary talents of Jeramie and Debra Campana, owners of Paper Fig Kitchen (in Tahitian Gardens) and James Beard Society award-winning chef Don Yamauchi and his wife Cleta.

What Real Estate Has to Be Grateful For in 2020

This was posted on FloridaRealtors® just before Christmas, by Melissa Dittmann Tracey:

“It’s hard to look at 2020 in a positive light, but the real estate industry was uniquely and unexpectedly a beacon of hope for a nation battered by the COVID-19 virus. Home sales boomed, mortgage rates repeatedly hit record lows and rising values bolstered homeowners’ equity.

“CHICAGO – No doubt, 2020 has been a uniquely challenging year. With unemployment still above pre-pandemic levels, the country coming to terms with longstanding racial inequities, Americans worrying about natural disasters, a contentious national election and the COVID-19 pandemic still raging, people are searching for reasons to feel gratitude as the year draws to a close.

“The housing market has emerged as an economic bright spot. While the nation continues to feel widespread effects from 2020’s turmoil, here are a few things the real estate industry can be grateful for this year.

Booming home sales

“Overall, real estate professionals have been busy – home buying activity is at its highest level since 2006. The housing market defied high unemployment and an economic recession, and it surged during the COVID-19 pandemic. Existing-home sales in October were 27% higher than a year ago, new-home sales were 32% higher, and pending home sales or contract signings in September jumped 20.5% annually.

““This winter may be one of the best winters for sales activity,” says Lawrence Yun, the National Association of Realtors® (NAR) chief economist. “It won’t match summer or spring sales numbers, but on a winter-to-winter comparison, this could be one of the best breakout years just based on the fact that pending contracts are at such a higher level.”

“Mortgage applications, up 20% year over year, reflect buyers in the pipeline, ready to buy. The downside: Buyers are in a frenzy to compete for the limited housing stock, and 72% of homes that sold in October were on the market for less than a month, NAR’s data shows.

Record low mortgage rates

“Homebuyers are locking in some of the lowest mortgage rates in recorded history. Last week, for the 15th time this year, the 30-year fixed-rate mortgage set a record low, averaging 2.67%, according to Freddie Mac. Yun predicts that mortgage rates will stay low into 2021, averaging 3.1% for all of next year.

““These ultra-low mortgage rates significantly lower mortgage payments, making housing more affordable than a year earlier in many areas,” even with prices rising, writes Nadia Evangelou, a research economist, on NAR’s Economists’ Outlook blog. In the Washington, D.C., metro area, for example, home prices have jumped nearly 12% compared to a year earlier, Evangelou notes. However, the monthly payment on a 30-year fixed-rate mortgage is lower than a year ago, averaging $1,820.

Seller equity

“Home sellers got a financial boost from housing appreciation. The median existing-home price for all housing types was $313,000 in October – a 16% increase from a year ago. Sixty-five percent of 181 metro areas NAR recently tracked have reported double-digit price gains compared to a year ago.

“That means home owners who haven’t taken a financial hit from the pandemic feel richer. In the third quarter, 16.7 million residential properties in the U.S. – 28.3% overall – were considered “equity rich,” according to a report from ATTOM Data Solutions, a real estate research data firm. A property is considered equity rich when the property owner has at least 50% equity in the home.

““Homeowner equity in the third quarter added another pebble to the pile of markers showing that the U.S. housing market continues to defy the broad downturn in the economy this year,” says Todd Teta, chief product and technology officer for ATTOM Data Solutions. “Home prices keep rising, boosting the balance sheets of homeowners throughout most of the country. … The market is strong and homeowners remain in a position to benefit.”

Technology

“With people forced to keep their distance during the pandemic, technology became real estate pros’ ally in keeping transactions moving. Nick Bailey, chief customer officer at RE/MAX LLC, says that the average real estate transaction takes 181 steps from beginning to end, and technology has increasingly responded to those steps.

“During state shutdowns earlier this year, real estate professionals increasingly relied on virtual and 3D tours, videoconferencing, augmented reality, automation, artificial intelligence and remote online notarizations, says Jeb Griffin, NAR’s director of strategy and innovation.

““Technology is playing a more active role through the buying and selling cycle, and agents are playing an even bigger role to consumers who [have] less access to homes in person [due to the pandemic],” Griffin says.

The future now requires “taking the traditional way of doing business and augmenting it with new ways that will allow you to serve customers in a variety of ways – and on their terms,” adds Andy Ambrose, DocuSign practice lead director at DocuSign Notary.

New priorities

““The coronavirus without a doubt led homebuyers to reassess their housing situations and even reconsider home sizes and destinations,” says Jessica Lautz, vice president of demographics and behavioral insights for NAR. “Buyers sought housing with more rooms, more square footage, and more yard space, as they may have desired a home office or home gym. They also shopped for larger homes because extra space would allow households to better accommodate older adult relatives or young adults that are now living within the residence.”

Affirmation of a Realtor’s value

“As Americans reevaluated what they wanted from a home, they increasingly relied on real estate agents to guide them through purchase and sales transactions. According to NAR’s latest survey, 88% of buyers reported using an agent to purchase their home, and 89% of sellers used an agent to help with their sale.

““We are all in unknown territory with this pandemic, so it’s no surprise that more buyers than ever turned to agents to help them navigate through some of the uncertainties and one of the most complex, competitive markets any of us have ever seen,” says NAR’s immediate past president Vince Malta.

The sanctity of home

““Nothing feels more precious this year than the safety of our homes,” says Shannon McGahn, NAR’s chief advocacy officer, “and we believe all Americans should have equal opportunity to a home of their own.”” Source: National Association of Realtors®

Sanibel & Captiva Islands Multiple Listing Service Activity December 25 – January 1, 2020

Sanibel

CONDOS

1 new listing: Sandalfoot #3B3 1/1 $549K (our listing).

View from Sandalfoot #3B3

1 price change: Sandals #A 3/3.5 now $1.835M.

6 new sales: Sundial #G406 1/1 listed at $519K, Mariner Pointe #421 2/2.5 listed at $579K, Pointe Santo #B3 2/2 listed at $699K, Sandy Bend #6 2/2 listed at $1,027,007; Sanibel Surfside #124 2/2 listed at $1.05M, Junonia #103 3/2 listed at $1.295M.

12 closed sales: Sanibel Arms #B1 1/1 $413K, Signal Inn #10 1/1 $485K, Loggerhead Cay #462 2/2 $550K, Compass Point #221 2/2 $615K, Lighthouse Point #111 2/2 $645K, Island Beach Club #220F 2/2 $710K, Sundial #T201 2/2 $750K, Gulf Beach #106 2/2 $775K (our buyer), Sundial #P203 2/2 $845K, Point Santo #D47 2/2 $920K, Sayana #103 2/2 $948.5K, Tarpon Beach #207 2/2 $899K (our listing).

HOMES

3 new listings: 784 Birdie View Pt 4/4 $1.795M, 5270 Indian Ct 6/6.5 $2.695M, 488 Lighthouse Way 4/4 $3.695M.

3 price changes: 1835 Ardsley Way 2/2 now $457K, 685 Sea Oats Dr 3/2/2 now $1.089M, 490 Sawgrass Pl 3/2.5 now $1.499M.

4 new sales: 799 Casa Ybel Rd 5/3 duplex listed at $570K, 1752 Jewel Box Dr 2/2 listed at $859K, 966 Kings Crown Dr 3/2 listed at $980K, 9441 Peaceful Dr 3/3.5 listed at $1.395M.

7 closed sales: 1764 Bunting Ln 2/2 $515K, 731 Durion Ct 3/2 $737K, 836 Angel Wing Dr 3/2 $885K, 6176 Henderson Rd 3/2 $910K, 1308 Tahiti Dr 3/3 $907.5K, 1203 Kittiwake Cir 3/3 $985K, 769 Pyrula Ave 3/3.5 $1.335M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Sunset Beach Villas #2314 2/2 listed at $779K, Marina Villas #808 2/2 listed at $779K.

2 closed sales: Bayside Villas #4106 1/2 $378K, Beach Villas $2334 3/3 $960K.

HOMES

No new listings.

1 price change: 15000 Binder Dr 3/2 now $1.298M.

No new sales.

2 closed sales: 15200 Captiva Dr 2/2 $954K, 11515 Gore Ln 5/4.5 $2.25M.

LOTS

No new listings, price changes, new, or closed sales.

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

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

Again, enjoy your 2021, while staying safe and well! Until next Friday, Susan Andrews, aka SanibelSusan

Merry Christmas 2020!

Christmas Day 2020 at Sanibel Lighthouse 1:08 p.m.

What a different one it is. As we likely are all celebrating the season in new ways this year, I bet you too are looking forward to a safer, healthier, more productive 2021. I hope you are spending your day, like me and The SanibelSusan Team, the best you can under the circumstances.

As mentioned before, the pandemic has affected the islands real estate market, some ways great, some not-so-good. We have learned social-distancing skills and developed new marketing techniques while buyers and sellers have struggled to achieve their goals too – in this wonderful place that remains special regardless of what is happening worldwide.

It was so quiet this morning at my house, that I decided to take a spin around the East End, take a few photos, and then send this from the office. So here I am in Sanibel Square doing what I enjoy most. One of those things was getting a listing under contract yesterday. It is great to have a sale on Christmas Eve.

Another event was learning that a closing scheduled to occur on Monday, may now instead be the following week. Snafus with lenders, condo associations, and overnight mail with holidays are obstacles that make us so love cash sales with few contingencies – and appreciate our clients who continue to understand that as hard as we work to prevent any delays, stuff happens. This year, it seems to be all “new stuff”.

Below are some more photos taken about this afternoon. Though there have been sporadic recent reports of red tide, I did not see any evidence. There were plenty of people beach walking on both the bay and gulf side, also many folks at the fishing pier. Some bundled up as it is only mid-50’s and breezy, but there were a few brave kids wading in the water, plus the usual kiteboarders. The four photos below were from the beach access at the gulf end of Seagrape Lane.

Moving to the other end of Seagrape Lane, on San Carlos Bay, I watched a kiteboarder who was blown into the water struggle to get close to shore and get the kite airborne again. I waited until the rider was flying again was over the water, before departing. You can see the kite (teal color) in the center of the third photo below. (Moms worry about those kiteboarders.)

Moving on to the Sanibel Marina, it was pretty quiet there. No one in sight and Gramma Dot’s is closed until tomorrow. In the bottom picture, you can see how they spread out tables for outside dining.

If you also want to follow red tide reports, the Sanibel-Captiva Conservation Foundation (SCCF) in their weekly email included a link to https://habforecast.gcoos.org/. That is NOAA’s Gulf of Mexico Coastal Ocean Observing System. Today it shows high readings on south of here at Vanderbilt Beach and the Naples Pier. It looks to be clear on both Sanibel and most of Captiva. Here is hoping this cool weather and northerly winds keep it away!

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

Holiday Celebrations Around the World

Late Monday, I attended an on-line Zoom meeting put on by Florida Realtors® Global Business Committee. My Naples pal, Paula Angelopoulos Urbinati chairs that committee this year, while Realtor® friend Christel Silver owner of Silver International Realty in Del Ray Beach is Vice Chair.

With presentations by Realtors® with personal and family connections in other countries, it was not surprising to hear that most holiday celebrations outside the U.S. also involved sharing a special meal(s) with family, gift giving, and music/caroling. It was surprising in some instances to learn how some celebrations differ. Here are just a few tidbits.

In Greece, Christmas celebrations officially last for 14 days, starting on Christmas Eve and ending on Epiphany (January 6) with the ‘Great Blessing of Water’.

In Barbados, celebrations begin December 1 with island residents painting their homes inside and out, often also purchasing all new furnishings to welcome the season with a clean slate.

In the Philippines, their celebrations are the longest in the world, beginning in early September, through the first Sunday in January which is the Feast of Three Kings. Another holiday custom in the Philippines is parents giving children a red envelope with cash inside.

In Cuba, Christmas was not celebrated for 30 years. That changed in 1998 when the Pope visited the country. In Cuba today, the celebration includes roasting a whole pig and gifts given for 12 days following Christmas.

In the United Kingdom, it was interesting to hear that stockings are not hung on mantels, but instead are placed at the foot of the beds. Sometimes pillowcases are used instead – ready for Father Christmas to fill them up. Advent calendars are popular, and everyone listens to the Queen’s speech on Christmas Day. She has been giving those since 1957, usually about 3 p.m. Christmas crackers also are popular in the UK. (I usually have them at my Christmas dinners too. Missing that this year.) This tradition goes back to the 1800’s with the cracker which pulls apart to make a “pop”, then opens to contain a paper crown (which must be worn during dinner), a silly joke, and a tiny toy. Christmas dinner in the UK most closely resembles many in the US including turkey (sometimes goose); roast beef; brussels sprouts (no Christmas dinner complete without those); mashed carrots and turnips (together); stuffing balls with sage, onion, chestnut; roasted potatoes (never mashed); Yorkshire pudding, peas; and cranberry sauce or bread sauce (which is a white sauce).Their Christmas desserts include mince pies, Christmas pudding aged for a month or two and with a silver coin inside, brandy butter to go on the pudding, and trifle.

In Hungary, many of their traditions are like those in Germany. Their holidays begin four Sundays before Christmas. Santa Claus Day is December 6. Children put their “clean” boots on their window sill at night with the “good” children receiving candy and those “naughty” ones getting sticks instead. Their trees go up on December 24, while their Christmas Day menus typically include codfish soup and stuffed cabbage. Their trees, which are decorated with colorfully wrapped candy and chocolate, stay up until January 6, though the candies particularly those on the bottom branches, reachable by children, disappear first. Like Germany, Christmas is celebrated on both December 25 and 26.

Israel’s Hannukah or “Festival of Lights” is an eight-day rededication ceremony with dates that change each year. It is not related to Christmas, but typically ends sometime before Christmas. Part of this celebration is adding lights to a menorah (candle holder). Every person in each family has their own, so if in a large family, it can mean many lights. Each menorah has nine candle holders so that one candle is lit each night with the ninth (or shamash) for the helper candle that is used to light the others. Common food at their celebrations include matza ball soup, potato latkes (pancakes), and jelly donuts. Children receive gifts all eight days of Hannukah with their traditions kept alive with gifts like dreidels, gelt (chocolate coins), and menorah.

In Africa, Kwanzaa is celebrated from December 26 to January 1, observed by people of all faiths since it is not tied to any religion, but rather is to inspire blacks to be united, self-determined, accountable, financially invested, purposeful, creative, and full of faith. It is a celebration of life and a ritual to welcome the first harvests to the home. Each day of the seven days of Kwanzaa has special meaning, also with lighting of candles, in black, green, and red.

Sanibel – COVID-19

Florida Department of Health’s daily report says that Sanibel’s total number of COVID-19 cases from March 26 through December 24 at 9 a.m. is 128. This is just the cases for residents in our zip code. It does not include the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Sanibel & Captiva Islands Multiple Listing Service Activity December 18 – 25, 2020

Sanibel

CONDOS

6 new listings: Sundial #G406 1/1 $519K, Kimball Lodge #244 1/1.5 $550K, Sanibel Arms West #H6 2/2 $579K, Sanibel Arms West #I4 2/2 $579K, Pointe Santo #B26 2/2 $689K, Mariner Pointe #241 2/2.5 $690K.

2 price changes: Sanibel Arms #C5 2/2 now $475K, Surfside 12 #B1 3/2 now $999.5K.

2 new sales: Mariner Pointe #541 2/2 listed at $515K (our listing), Sundial #P203 2/2 listed at $899K.

5 closed sales: Captains Walk #B4 2/2 $380K, Coquina Beach #2B 2/2 $452.5K, Sanibel Arms West #M2 2/2 $525K, Coquina Beach #1D 2/2 $528.5K, Sundial #H203 2/2 $725K.

HOMES

1 new listing: 1480 Middle Gulf Dr 4/4.5.5 $1.65M.

1 price change: 5439 Osprey Ct 4/3 now $1.669M.

7 new sales: 3935 Coquina Dr 4/3 listed at $849,950; 916 Almas Ct 3/3.5 listed at $1.39M, 9441 Peaceful Dr 3/3.5 listed at $1,395M,  1743 Venus Dr 4/3.5 listed at $1.599M, 5391 Shearwater Dr 3/3.5 listed at $1.795M, 2411 Blue Crab Ct 4/4.5 listed at $2.4949M, 1069 Bird Ln 4/3.5 listed at $4.495M.

7 closed sales: 4044 Coquina Dr 2/2 $485K, 1603 Sand Castle Rd 3/3 half-duplex $570K, 280 Southwinds Dr 3/3.5 $618K, 1610 Sabal Sands Rd 3/2 $675K, 580 Boulder Dr 3/2 $799K, 735 Sand Dollar Dr 3/3 $1.24M, 1237 Isabel Dr 5/6.5 $2.6M.

LOTS

1 new listing: 539 Sea Oats Dr $420K.

No price changes.

1 new sale: 3945 West Gulf Dr listed at $2.999M.

No closed sales.

Captiva

CONDOS

1 new listing: Gulf Beach Villas #2127 2/2 $900K.

No price changes.

1 new sale: Lands End Village #1628 4/4 listed at $2.749M.

1 closed sale: Captiva Hide-A-Way #2A 2/2 $880K.

HOMES

2 new listings: 15361 Captiva Dr 5/4.5 $2.795M, 11530 Paige Ct 4/5.5 $4.579M.

1 price change: 17201 Captiva Dr 5/4.5 now $5.65M.

1 new sale: 17101 Captiva Dr 7/6.5 listed at $2.695M.

No closed sales.

LOTS

1 new listing: 16685 Captiva Dr $2.45M.

No price changes, new, or closed sales.

Jensen’s on Captiva also went under contract this week (with contingencies). Asking price $13.995M, it includes 14 historic cottages, 35 boat slips, marina, fuel dock, fleet of rental boats, ships store & office.

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

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

You can be sure that I’ll be posting next Friday too – with a Happy New Year report! Meanwhile, enjoy your Christmas!

Susan Andrews, aka SanibelSusan

Counting Down to Christmas on Sunny Sanibel

Ok, so it is sunny and bright but chilly and windy by island standards. Temperatures were only in the 50’s this morning and warmed up to 60 degrees F as I drove back to the office about 1:30 p.m. I took a little side trip up Dixie Beach Blvd to see how the water looks on San Carlos Bay. There have been a few reports of red tide mostly off shore and south of the islands, but the Army Corps of Engineers has reduced its Lake O releases so I bet between that and the breezes, things change. Can you tell from my photo that it’s a tad cool?

The SanibelSusan Team is counting down to Christmas, which is one of the few days that our office is closed. You can bet, however, that there will still be a Friday blog next week. Probably like yours, our individual 2020 Christmases will be different than any other year. We send good wishes that yours are safe, healthy, and happy! Below are a few photos from evening island spins. The first one is the bike path across the street from our office, followed by The Sanibel Community Church, and The Captiva House.

After a couple of news items is the action posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday. We are happy that three of the week’s closings were our listings!

Sanibel & Captiva Islands Association of Realtors®

Yesterday was the December Membership Meeting of the local Association of Realtors®. Held via Zoom, there were just a few attendees. Speaker was Juana Watkins, Esq., Florida Realtors Vice President of Law & Policy, & General Counsel. One item she addressed also was the subject of a recent article (posted below) by Meredith Caruso who is Associate General Counsel for Florida Realtors®. You may have heard about letters like this.

Hot Topic at NAR Convention? Buyers’ ‘Love Letters’ – How can I get the seller to accept MY offer?”, buyers wonder in today’s heated, multiple-offer market. In some areas of the country, “love letters” – a note from buyer to seller praising the home – are common. But some of the letters may flirt with Fair Housing Act violations.

“ORLANDO, Fla. – The National Association of Realtors® (NAR) Conference and Expo was held virtually this year, with meetings and events running from Nov. 2 to 18 – and many of the sessions involved discussions about buyer “love letters.” For those who aren’t aware of what I am referring to, “love letters” are written statements that accompany a potential buyer’s offer. While these types of letters are not in and of themselves illegal, it’s important to note that if done without careful consideration, it could end up being a Fair Housing Act (FHA) violation.

“How is this a possibility? Let’s examine a couple of examples of “love letters” – one that could be problematic with one that likely isn’t.

“Example 1: A buyer drafts a love letter that includes how excited the buyer is to raise a family in the home. They can’t wait to see future children excitedly running down the stairs on Christmas morning. Sounds harmless enough, doesn’t it? However, this buyer’s letter touches on two protected classes under the FHA: familial status and religion. Should a seller take these factors into account in arriving at a determination to accept the buyer’s offer, it could be a fair housing violation.

“Example 2: A buyer drafts a love letter that discusses the buyer’s love of the homes’ architectural features and the buyer’s appreciation of the various details of the home’s construction. Here, as the buyer solely focused on the property’s characteristics, none of which fall under a protected class, it’s likely not a fair housing violation.

“As agents, it’s important to remind consumers about fair housing issues if you see a potential problem on the horizon. While no agent is expected to explain the legal nuances of the Fair Housing Act, it may be wise to suggest a buyer or seller consult their personal attorney if either of the respective parties veer into potential FHA violation territory.”

Sanibel – COVID-19

Special City Council Meeting Dec 15 – Because of the nationwide increase in coronavirus cases, a special meeting was called to discuss the island’s COVID-19 safety measures and restrictions. Agenda items included:

  • Center-4-Life & Senior Center – which will remain closed with reconsideration in May.
  • More signage about masks on Sanibel.
  • Possibility extending the hours and footprint of the Sanibel Farmer Market if their visitor traffic increases as “season” gets underway.
  • Confirmed that the Mayor may enact changes quickly if needed to guard the health and welfare of citizens.

Florida Department of Health – reports that Sanibel’s total number of COVID-19 cases from March 26 through December 17 is 121. THAT INCLUDES 5 CASES REPORTED IN JUST ONE DAY THIS WEEK!  Last week, there were 17. Never had there been a week with a number in the double-digits. The number of Sanibel cases in December through 17th is 32, for November = 27. That means nearly half of the cases during the nine months of tracking, have been in the last few weeks. This is just the cases for residents in our zip code. It does not include the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

The Island Store Celebration

The Island Store at Captiva’s 4-way stop, on 11500 Andy Rosse Ln, recently celebrated its reopening with a ribbon-cutting. Purchased in 2018 by the Bailey family, owners of Bailey’s General Store on Sanibel, the store was completely renovated and restored. Built around 1915, the building became a grocery store in 1940 under the ownership of Jay Norwood “Ding” Darling. Remodeled to today’s safety and quality standards, the store retains historical charm while offering residents and visitors easy on-island shopping for groceries and spirits. Open daily from 9 a.m. to 7 p.m.

Stabilization Project Expanded for Causeway

As reported in today’s “Island Sun”: “A project planned to stabilize the shoreline along the Sanibel Causeway has been expanded to improve drainage, parking and amenities on both causeway islands. The Lee Board of County Commissioners recently voted to expand the project, accept a $4.25 million grant from the Florida Department of Transportation and allocated $2.4 million in tourism tax reserves for the project….” The project will “provide necessary erosion control structures and storm runoff by providing stabilization of the shoreline…will add beach sand, compacted shell and paved ADA parking spaces to Islands A and B and a picnic pavilion. Additional event parking areas and efforts to improve access to fishing on both sides of the islands are included.

“Construction is expected to begin with erosion control measures on Island B (closest to Sanibel) this summer, and all work will be completed by 2024. The total estimated cost to design, permit and construct the improvements and stabilize the shoreline is $8.5 million.”

Holiday Closings

At J.N. “Ding” Darling National Wildlife Refuge, The Visitor & Education Center and Refuge offices will be closed December 24, 25, and 31, and January 1. The Center’s restrooms will remain open during regular hours as will Wildlife Drive and its trails and Bailey Tract. Tarpon Bay Explorers also will remain open for normal operating hours except for Christmas, December 25, when it closes for the day.

Year-to-Date (through Dec 18) Sanibel Residential Real Estate Stats

Condos Homes Lots
# Avg $* # Avg $* # Avg $*
For sale 88 825,292 72 1,874,126 54 879,735
Under contract 36 689,325 52 1,280,244 10 367,301
Sold/closed 2020 172 745,024 273 953,709 23 606,233
Sold/closed 2019 127 694,392 211 949,790 15 372,200
Sold/closed 2018 155 720,617 218 1,112,747 21 602,095

* Avg $ is average asking price for properties “For sale” & “Under contract”. Otherwise, average sale price.

Sanibel & Captiva Islands Multiple Listing Service Activity December 11 – 18, 2020

Sanibel

CONDOS

4 new listings: Sandy Bend #6 2/2 $1,027,007; Pointe Santo #C25 3/2 $1.125M; Sundial #T204 3/2 $1.2M; Sundial #P402 2/2 $1.25M.

6 price changes: Casa Blanca #8 2/1 now $349K, Mariner Pointe #731 2/2 now $525K, Cottage Colony West #101 1/1 now $575K, Loggerhead Cay #542 2/2 now $685K, Sanibel Inn #3512 2/2 now $725.5K, Pelicans Roost #106 2/2 now $929K.

1 new sale: Spanish Cay #A4 2/2 listed at $430K.

10 closed sales: Sundial #D309 1/1 $430K, Loggerhead Cay #332 2/2 $529K, Compass Point #232 2/2 $550K (our listing), Sandalfoot #2D2 2/2 $620K (our listing), Loggerhead Cay #532 2/2 $650K, Sanctuary Golf Villages I #1-4 3/3 $725K, Sundial #O405 2/2 $1.15M, Villas of Sanibel #B202 3/3 $1.85M, Sanibel Sunset #201 3/2 $2.195M, Plantation Village #B222 3/3 $2.275M

HOMES

5 new listings: 430 Old Trail Rd 3/2.5 $629K, 2010 Wild Lime Dr 4/4 $759K, 3960 West Gulf Dr 3/2 $1.079M, 829 Pyrula Ave 3/3 $1.295M, 5391 Shearwater Dr 3/3.5 $1.795M.

7 price changes: 956 Dixie Beach Blvd 2/1 now $449K; 610 Hideaway Ct 3/2.5 now $699K; 4397 Gulf Pines Dr 3/3 now $725K; 3935 Coquina Dr 4/3 now $849,950; 966 Kings Crown Dr 3/2 now $980K; 1308 Eagle Run Dr 4/4 now $1.549M; 5439 Osprey Ct 4/3 now $1.669M.

4 new sales: 753 Nerita St 3/2 listed at $579K, 705 Oliva St 3/2 listed at $875K, 1039 Sand Castle Rd 3/3 listed at $999K, 6101 Starling Way 3/3.5 listed at $1,148,990.

7 closed sales: 1645 Sand Castle Rd 3/2.5 half-duplex $530K, 1142 Shell Basket Ln 3/2 $560K, 543 Boulder Dr 3/2 $784K, 250 Hurricane Ln 3/2.5 $875K, 1860 Ibis Ln 5/3 $905K, 1120 Olga Ave 3/2 $940K (our listing), 1717 Jewel Box Dr 3/3.5 $2.15M.

LOTS

No new listings or price changes.

1 new sale: 1313 Par View Dr listed at $300K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Tennis Villas #3125 1/1 listed at $349K, Marina Villas #703 2/2 listed at $759K.

3 closed sales: Gulf Beach Villas #2005 2/2 $755K, Beach Villas #2525 2/2 $760K, Ventura Beach #2B 3/3 $970K.

HOMES

No new listings.

2 price changes: 11431 Dickey Ln 3/2 now $1.1685M, 16189 Captiva Dr now $3.699M.

1 new sale: 956 South Seas Plantation Rd 6/6 listed at $4.995M.

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.

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

Until next Friday, happy almost-Christmas! Susan Andrews, aka SanibelSusan

Woohoo! A busy real estate kinda Friday at SanibelSusan Realty!

It has been another busy week for The SanibelSusan Team. Two more of our listings went under contract. We are very thankful to have ten closings in our “under contract” hopper simultaneously. In many ways, 2020 is a year for the record books. Two closings for us today too with the gals at Knight Barry Title Solutions who are super busy! The second being finalized now. Woohoo!

Also, this week our office carpet got its annual cleaning. Shout-out to Tru-Clean, Carpet & Tile Care, who always does a terrific job. This year, it seemed like summer and the rainy season went on forever – then like magic, it became winter. With the 2nd cold front here this week and another set to arrive next week, it has been a nice reprieve to have daytime highs in the 60’s – feels like Christmas is coming. We locals are bundled in our wool shirts, sweaters, and jackets, while tourists wearing tank tops and shorts are riding with tops down. It is always funny to see that.

The SanibelSusan Team island-wide holiday bulk mailing went to the post office today. With interest rates low and demand to buy high, there should be more sales in the upcoming weeks. Meanwhile, we are looking for new listings to replenish our supply and still have a few wonderful listings available. Photos below taken today from our listing at White Sands #23.

Elise also has our tree decorated and the office looking festive. Pandemic or not, we celebrate the season!

Bailey’s antique delivery vehicle decorated for the season!

Earlier this afternoon, the Sanibel & Captiva Islands Association of Realtors® leadership team and 2021 Professional Standards Committee are attending a Florida Realtors® Zoom meeting that covers recent changes by the National Association of Realtors® to the Realtors® Code of Ethics and Standards of Practice. I will be Zooming in as this update supplements the required Pro Standards training coming up in early January. Always new things to learn to stay current.

Sanibel – COVID-19

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases from March 26 through December 6 is 100. There were 63 cases in reported in the first seven months, but 37 in just the last six weeks. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

It was a smart addition this week to see the electronic sign in front of the Chamber of Commerce coming onto the island which reads “Welcome to Sanibel”, followed by “Wear Your Mask”. City Council acted on that notice at their meeting last week. At that same meeting, the City also agreed to advise of new cases as they are reported, rather than just weekly which is when the state provides their analytics.

Last night, a post on the City’s website announced that City Council has called a special meeting to discuss potential adoption or modification of COVID-19 related restrictions. It is scheduled for Monday, December 14 at 10 a.m. You can tune in to hear the audio live at www.MySanibel.com.

Pandemic Didn’t Change Work Model So Much as Accelerate It

Posted December 7 by Jennifer Quinn, economist, and Director of Economic Development for Florida Realtors®:

“Is the work-from-home trend here to stay, along with its real estate impact on new housing and location demands? A nine-month study suggests that the change was already underway before the pandemic started. It’s simply happening faster now.

“ORLANDO, Fla. – Preliminary analysis of a nearly nine-month remote-work experiment points to the reality that the pandemic was not a change agent, but rather an accelerant. Meaning – companies were likely going to embrace more remote work and telecommuting options for their employees in the coming decade, particularly in areas where traffic is just unbearable (we are looking at you New York and Silicon Valley).

“However, adapting to the pandemic accelerated these plans, pushed forward technology adoption and created a new way of connecting and doing business. The future of work appears to have arrived earlier than previously expected. According to the U.S. Bureau of Labor Statistics, the top 10 remote work occupation categories according to the percent of people who teleworked because of the pandemic are:

  1. Computer & Mathematical Occupations
  2. Business & Financial Operations
  3. Life, Physical, & Social Science Occupations
  4. Legal Occupations
  5. Architecture & Engineering Occupations
  6. Community & Social Service Occupations
  7. Educational Instruction & Library Occupations
  8. Arts, Design, Entertainment, Sports & Media Occupations
  9. Management Occupations
  10. Office & Administrative Support Occupations.

“People who work in these occupations are seen as “suddenly mobile” – they are no longer tied to the gateway cities they lived in prior to the pandemic and are able to re-think their proximity to the office (and what the “office” even is). Faced with staggering home prices and wages that don’t seem to keep up, many are asking themselves, “Can we do this somewhere else?”

“So, if people no longer have to live near their offices, will they still choose to live where they have been? According to a survey by Upwork’s Remote Workers on the Move released in October 2020, 14 million to 23 million Americans are planning to relocate to a new U.S. city or region. The survey reveals that not all moves are minor, such as moving from an inner ring suburb to an exurb of the same city. Some of these moves are to different states entirely, depending on what percentage of their work will be conducted remotely.

“That is a lot of people whose view from their home office can go from one where snow blankets the backyard to one with a palm tree and some sand. Looking at the concentration of these top 10 industries, Florida tracks similarly to the U.S., meaning there are plenty of people here already living the dream. Focusing on in-migration from Northeastern and Western states is hardly new, as Florida has topped the lists for relocation for a while now. However, tapping into the new and potentially large suddenly mobile market could yield positive results for you and your business.

“But does this trend have legs? The Upwork survey indicates that companies find several advantages to increasing their remote workforce, chief among them lower operating costs, increased employee availability and job satisfaction. Additionally, companies throughout the world can readily tap into Florida’s increasingly diverse workforce with increased ease.

“Many believe that once the pandemic fades and people can go back to the office as they did in 2019, not all will – at least not full-time. Several large tech firms have announced long-term remote work plans for employees and others are considering the same. And it’s not just tech – 57% of small and medium-size businesses plan to offer remote work plans for the long term as well.

“Florida offers many upsides to the suddenly mobile that benefit both their employers and themselves. Home prices in Florida remain affordable compared to the more expensive housing markets that people are coming from – Boston, San Francisco, San Jose, Oakland and New York City. Combined with the lack of state income tax, the calculus to make the move to Florida pencils out….”

Mortgage Unchanged From Last Week’s Record Low

By Kerry Smith at FloridaRealtors®: “Last week, the average 30-year, fixed-rate mortgage hit its 14th record low this year, and it held onto that 2.71% rate. The 15-year loan was also unchanged at 2.26%.

“MCLEAN, Va. – The average 30-year mortgage rate held onto the 2.71% average rate it hit last week – the 14th record low set this year. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” says Sam Khater, Freddie Mac’s chief economist. The Treasury plays a role in mortgage rates since they are part of the funding mechanism.

““Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – are declining from their elevated levels earlier this year,” Khater adds. “Although today’s mortgage spread is about 1.8% and still has some room to move down if the 10-year Treasury continues to rise, it’s encouraging to see that the spread is almost back to normal levels.”

“The 30-year fixed-rate mortgage (FRM) averaged 2.71% with an average 0.7 point for the week ending Dec. 10, 2020, unchanged from last week. A year ago, the 30-year FRM averaged 3.7%. The 15-year FRM averaged 2.26% with an average 0.6 point, also unchanged from last week. One year earlier, the 15-year FRM averaged 3.19%. Only the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) declined in this week’s survey. It averaged 2.79% with an average 0.3 point, down from last week when it averaged 2.86%. A year ago, the 5-year ARM averaged 3.36%.”

Even with the low interest rates, we are lucky on the islands that most of our sales are “cash”. One of our closings this week was scheduled to close November 30 but delayed because the lender is so busy – or taking on more business than they can support. These buyers got frustrated and instead paid cash. Local lenders are attuned to the idiosyncrasies of mortgages on a barrier island and usually have rates as competitive as anywhere. The SanibelSusan Team has preached for years – that it always pays to use a hometown bank.

7 Top-Rated Resorts on Sanibel Island, FL

Written by Lura Seavey, this article was posted November 17 on http://www.PlanetWare.com:

“Sanibel Island acts as a barrier between the Gulf of Mexico and the larger Pine Island, connected to Fort Myers on the mainland by the Sanibel Causeway. The central and eastern part of the island is most active with tourists and is full of resorts, restaurants, and shops that can be easily reached by foot or via the trolley that stops at all the major hotels. The south-facing beaches are the island’s widest and most crowded, known for an extraordinary abundance of seashells.

“As you head west, the beaches narrow, but the resorts spread out, resulting in more privacy. At its northern tip, Sanibel Island connects via a bridge over the Blind Pass to its tiny sibling, Captiva Island. Here, you will find resorts that have shores facing both the gulf, as well as the more protected Pine Island Sound, perfect for vacationers who will be arriving by water.

“Marinas are also available on the north side of Sanibel Island, opposite the resort-lined beaches. All the island’s resorts have amazing sunsets over the gulf and offer plenty of recreational activities for both families and adults.

“Choose your tropical getaway with our list of the top resorts on Sanibel Island.

“1. Sanibel Moorings Resort – Located on the eastern end of the island near Sanibel Lighthouse, the Sanibel Moorings Resort is a quiet getaway boasting a private beach with complimentary lounge chairs and umbrellas for guests’ use. Nature-lovers will appreciate the guided beach walks and shelling lectures conducted weekly by a marine biologist, as well as tours of the property’s six-acre tropical botanical garden, which includes a butterfly garden. Resort amenities include two heated pools plus a kids’ area with a separate pool, two tennis courts, a fitness center and business center, self-serve laundry, library, and resort-wide Wi-Fi. The resort also has rentals available for canoes, kayaks, and paddleboards, as well as bicycles, so you can easily explore the island. Pet-friendly units are available, and all lodgings include a full kitchen, his and hers sinks in the master bath, and a private screened porch. There are also dockside units available for those arriving by boat. Accommodation: Sanibel Moorings Resort

“2. Sundial Beach Resort & Spa – Condominium-style lodgings at the Sundial Beach Resort & Spa range from studios to three-bedroom suites equipped with full kitchens and on-site self-serve laundry facilities. Accommodations include a full breakfast, housekeeping, and complimentary use of equipment such as paddleboards and kayaks. In addition, the resort hosts recreational activities for all ages. Sports facilities include a fitness center, tennis courts, beach volleyball, and pickleball, as well as tabletop games like ping-pong and foosball. The resort is also home to an 18-hole golf course with club rental, and an on-site day spa that offers a full range of services. Live entertainment and refreshments are available at the resort’s swimming pools, and there are plentiful poolside cabanas and deck chairs to accommodate everyone. There are five restaurants on the property that offer everything from American fare to sushi, plus a convenience store with groceries and a gift shop. Check out the Sea Breeze Cafe, which is considered some of the best waterfront dining in southwest Florida. You can grab a table outside with gorgeous views, especially at sunset. There is also a pizza restaurant that is popular with families for its slices of pizza, hot dogs, and ice-cream scoops. Accommodation: Sundial Beach Resort & Spa

“3. West Wind Inn – The West Wind Inn offers a choice of standard guestrooms or kitchenette rooms, all of which come with a screened-in balcony or deck with views of either the Gulf of Mexico or the resort’s lovely tropical gardens. The property includes a peaceful butterfly garden and goldfish pond, a heated pool with a large deck and poolside entertainment and refreshments, and a private beach. For guests’ convenience, management provides a shell-cleaning area, as well as multiple faucets throughout, where guests can rinse the sand from their feet and shoes to keep the grit out of their rooms. Beach chairs and umbrellas are available for rent, and local activities like sightseeing cruises can be booked directly by the concierge. Other resort amenities include tennis, shuffleboard, self-serve laundry, free parking, and Wi-Fi. Those with mobility issues should request a ground floor room as there is no elevator. Accommodation: West Wind Inn

“4. Casa Ybel Resort – The all-suite Casa Ybel Resort sits on 23 acres along Sanibel Island’s Knapps Point, facing south over the gulf. Every suite is oceanfront and includes a full kitchen and outdoor gas grill; a separate living room with a pullout couch; and a screened balcony or lanai, so you can enjoy the ocean views bug-free in the evening. The resort offers many ways to make guests feel welcome and get the most out of their beach vacation, including group classes like yoga on the beach at sunrise and sunset and family activities, like s’mores and a bonfire or an outdoor movie in the evening. Both experienced and new tennis players will enjoy the six courts and optional lessons and clinics, and those who want to have fun in the water can take advantage of Jet Ski, paddleboard, and ocean kayak rentals. In addition to a large, heated pool with the convenient Coconuts Grill, there is a well-shaded kiddie pool with plenty of room for parents to relax. The resort also offers on-site dining at Thistle Lodge Beachfront Restaurant. Sanibel’s most historic dining establishment, it has hosted everyone from Henry Ford to Thomas Edison over the centuries. The fine-dining restaurant serves Floridian and European fare for brunch, lunch, and dinner and has special holiday menus as well. Other resort amenities include a range of spa services, including massages. These can be enjoyed in your room, at the pool, or on the beach. Accommodation: Casa Ybel Resort

“5. Island Inn – The eco-conscious Island Inn provides guests with all the amenities of a full-service resort without the extra fees, offering lodgings ranging from standard rooms with kitchenettes to fully equipped beach cottages that can accommodate up to 12 people. Set on 10 acres, the property sits in the central part of Sanibel Island and includes a private beach, where you can enjoy educational naturalist-guided tours. There is a convenient cleaning station for shell-collectors, as well as fishermen – you can cook your catch on one of the gas grills or opt to have the inn’s restaurant expertly prepare your fresh-caught meal. On-site recreational facilities include volleyball and tennis courts, shuffleboard, and horseshoes, while rentals are available for bicycles, as well as kayaks and paddleboards. For a break from the sun or to socialize on a cool evening, the library and family lounge offers a fireplace, television, computers, books, and games. Accommodation: Island Inn

“6. South Seas Island Resort – Occupying the entire northern section of Captiva Island, the South Seas Island Resort provides guests with everything they need to enjoy this island paradise. The property is so large that a trolley runs from one end to the other, and resort activities are nearly endless. In addition to a full-service marina, the resort’s Offshore Sailing School provides lessons and rentals, and several fishing and eco-tours depart from here as well. Guided nature walks throughout the 330-acre wildlife preserve offer a chance to learn more about the ocean life, birds, and ecosystem, while guests are free to roam the 2.5 miles of pristine beach. Kids’ and teen education programs are also offered, as well as many family activities, including crafts, games, and even crab racing. Camp Skullywags is open for half or full days to kids aged three to 11, perfect for giving them a change of pace and giving parents some alone time or a chance to relax at the full-service resort spa. There are an astounding 20 pools to choose from, including the main pool area, which features dining and live entertainment.

Other recreation includes a playground, tennis, volleyball, and an arcade room, as well as fishing and a wide array of water sports. The resort also boasts a private, nine-hole, par-27 golf course with a pro shop, and multiple dining options, including full-service restaurants; a gourmet market; an ice-cream shop; and, of course, a Starbucks. The resort has a wide range of lodging options to fit every need, including hotel-style rooms, condos of various sizes, and even beach home rentals with as many as six bedrooms. Accommodation: South Seas Island Resort

“7. ‘Tween Waters Island Resort & Spa – Located in the narrow central part of Captiva Island, ‘Tween Waters Island Resort & Spa has the ambience of “old Florida” hospitality. The 13-acre property faces the water on both sides, with a private beach to the west and a marina on Pine Island Sound to the west. The marina is available for guests’ private craft and also offers rentals, as well as guided eco-adventures. In addition to the beach, water bugs can enjoy the Olympic-size pool, the smaller Serenity Pool, a hot tub, and a kiddie pool for little ones. Other resort recreation includes tennis, pickleball, and kayaking, as well as crab races, karaoke, and live entertainment nightly. The resort spa offers a full range of services to help guests relax, and although there is no golf course on the property, guests are given a discount at a nearby golf club. There are a few different dining options on-site, including the award-winning Old Captiva House restaurant. It is a national historic landmark and is famous for its homemade breads, fresh Florida cooking, and locally sourced produce all served in a nautical setting. It is open for breakfast and dinner. Also on-site is the Crow’s Nest Grille. It features views of the Gulf of Mexico and island classics served in casual, family-friendly environs. Accommodation: ‘Tween Waters Island Resort & Spa

Sanibel & Captiva Water Conservation Rules

Highlighted in the Winter 2020 issue of IWA Pipeline, Island Water reminded property owners that Sanibel’s permitted schedule for irrigation is:

  • Even numbered addresses – Tuesdays & Fridays
  • Odd numbered addresses – Mondays & Thursdays.

For Captiva, Lee County’s permitted schedule for irrigation is:

  • Even numbered addresses – Thursdays and Sundays
  • Odd numbered addresses – Wednesdays and Saturdays.

Sanibel & Captiva Islands Multiple Listing Service Activity December 4 – 11, 2020

Sanibel

CONDOS

2 new listings: Sandalfoot #3C3 2/2 $710K, Sandpiper West #1 3/3 $2.15M.

2 price changes: Sundial #F106 1/1 now $465K, Cottage Colony West #102 1/1 now $579,990.

6 new sales: Sundial #F205 1/1 listed at $419K, Sandalfoot #4B2 1/1 listed at $489K, Signal Inn #10 1/1 listed at $529K, Lighthouse Point #117 3/2 listed at $549K (our listing), Sanibel Moorings #441 2/2 listed at $585K, Loggerhead Cay #411 2/2 listed at $599K.

4 closed sales: Spanish Cay #F3 1/1 $310K (our buyer), Seashells #43 2/2 $427K, Loggerhead Cay #222 2/2 $570K, Sunset South #9D 2/2 $585K.

Sanibel River area aka Panama Canal behind Spanish Cay condos

HOMES

3 new listings: 1415 Sandpiper Cir 2/2 half-duplex $459K, 5757 Pine Tree Dr 3/2.5 $1.05M, 5391 Shearwater Dr 3/3.5 $1.795M.

3 price changes: 223 Southwinds Dr 3/2 now $719K, 1323 Seaspray Ln 4/4.5 now $1.875M, 418 Bella Vista Way 4/4 now $1.8959M.

6 new sales: 718 Durion Ct 3/2 listed at $599K, 9426 Sage Ct 3/3 listed at $995K, 3827 Coquina Dr 3/2 listed at $1.075M, 201 Violet Dr 3/2 listed at $1.1M, 735 Sand Dollar Dr 3/3 listed at $1.249M, 815 Birdie View Pt 3/3 listed at $1.395M.

6 closed sales: 2480 Library Way 3/2.5 $600K, 1125 Captains Walk St 3/3 $736K, 1467 Sand Castle Rd 3/3 $790K, 1720 Dixie Beach Blvd 3/3 $925K, 2957 Wulfert Rd 4/4.5 $1.475M. 1133 Golden Olive Ct 3/3.5 $2.3M.

LOTS

1 new listing: 3941 West Gulf Dr $3.695M.

No price changes.

1 new sale: 4566 Buck Key Rd listed at $149K (our listing).

4566 Buck Key Rd lot

1 closed sale: 5251 Indian Ct $600K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Homes #2 3/2 listed at $1.899M.

1 closed sale: Lands End Village #1659 2/2 $950K.

HOMES

1 new listing: 1105 Tallow Tree Ct 3/3 $2.45M.

1 price change: 11522 Andy Rosse Ln 4/4.5 now $2.495M.

1 new sale: 11540 Laika Ln listed at $1.29M.

1 closed sale: 16801 Captiva Dr 5/5 $2.049M.

LOTS

No new listings, price changes, new sales, or closed sale.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

A Different First Weekend In December on the Islands (2020)

As Periwinkle Way sparkles at night, it sure is evident that the island December mood is festive even if social gatherings are discouraged and events tempered. We will miss Sanibel’s traditional Luminary tonight and tomorrow on Captiva but appreciate the extra decorating effort that makes an evening drive through the islands so special. Instead of the usual nighttime Luminary events, there are additional offerings and sales at many retail shops all week, from today through December 11.

I again took a quick spin this afternoon down to the lighthouse where the decorations are up, though the sky a little dismal from the next cool front that is arriving this afternoon (my photo below). That’s the 2nd cool front this week. The locals are so excited to wear long sleeves again! (It’s 73 degrees F now, but expected not to get out of the 60’s next Tues/Wed/Thurs.)

Here at SanibelSusan Realty, our listings have had more showings, more action items were completed for upcoming closings, and the team is working on an island-wide holiday mailing. The week’s postings in the Sanibel & Captiva Islands Multiple Listing Service follow a couple of news items below.

Good News on the Waterfront

Hooray! Yesterday, the City issued a press release that says: “The U.S. Army Corps of Engineers (USACE) Jacksonville District will start reducing outflows from Lake Okeechobee to the estuaries, starting Saturday, December 5. USACE will reduce releases from Lake Okeechobee gradually to allow time for the ecosystems of the Caloosahatchee and St. Lucie rivers and estuaries to adjust.

“Beginning December 5, USACE will begin the transition to dry season operations on Lake Okeechobee by implementing a 7-day release with a reduced average target flow for the Caloosahatchee Estuary of 3,000 cubic feet per second (cfs) as measured at the Moore Haven Lock & Dam (S-77). At the same time, the Corps will implement a multi-week release pattern for the St. Lucie Estuary, starting with a 5-day pause to allow for recovery of estuary health, followed by a 7-day average release of 1,500 cfs as measured at St. Lucie Lock & Dam (S-80) near Stuart….”

Sanibel – City Council, Shell Harbor, & COVID-19

City Council – At Tuesday’s City Council meeting, former councilor Jerry Muench was selected to fill the 3-month interim seat vacated by former Mayor Kevin Ruane when he ran (successfully) for County Commissioner. This seat and two others will be filled officially during the upcoming March election.

Also, at this meeting, councilors selected their new Mayor and Vice Mayor. Congratulations go respectively to Mick Denham and Holly Smith. Following those installations, Mayor Denham extended the island declared state of emergency due to COVID-19. Now it goes until December 8, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

Shell Harbor – Posted on the City’s website today: “Beginning Monday December 7th, the City of Sanibel will commence dredging of the entrance channel to the Shell Harbor Subdivision. The channel will remain open for use during dredging; however, there may be short periods of time when boat traffic will need to be stopped. Boaters are advised to be alert and aware of the construction operations taking place.  Weather permitting, the project is expected to continue for approximately three weeks. Please PROCEED SLOWLY and CAUTIOUSLY through the area when dredging operations are underway. Contact the Community Services Department at 239-472-6397 if you have any questions regarding the Shell Harbor dredging project.”

COVID-19 – From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 90.

Weeks-ending 3/29 through 11/29 – 36 weeks = 83 cases.

Cases since last Friday – 7 days = 7 cases.

Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Chapel by The Sea’s Christmas Eve Service

Chapel by the Sea’s Christmas Eve service has been canceled, but their lights are up and will be burning each evening until January 10, from 5:30 to 10 p.m. Always a popular spot for holiday photos, viewers are advised that masks are mandatory and social distancing (6’ apart) required.

Mortgage Rates Drop to 2020’s 14th Record Low: 2.71%

If you get an offer that has bank financing, stand by for a delay. With interest rates low, lenders are busy. Loan commitments are taking longer than usual, and many closings are occurring late. Below is an article by The Associated Press, posted yesterday on FloridaRealtors.org:

“It’s only a slight drop from last week’s 2.72%, but it’s enough to break another record. One year ago, the rate for a 30-year mortgage loan averaged 3.68%.

“WASHINGTON (AP) – U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.

“Mortgage finance giant Freddie Mac said Thursday the average rate on the 30-year fixed-rate home loan slipped to 2.71% from 2.72% last week. By contrast, the benchmark rate stood at 3.68% a year ago. The average rate on 15-year fixed-rate loan declined to 2.26% from 2.28%.

“Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers or people looking to refinance existing mortgages. But as Freddie Mac noted, home sales have stalled as the lack of available homes for purchase continues to stifle house hunters.

“Home prices have risen significantly in the past year as supply remains near historically low levels. In the latest sign that the economy and job market remain under stress from the resurgent viral outbreak, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week to a still-high 712,000.”

‘Tis the Season for Predictions: Realtor.com Is First

Also posted this week on FloridaRealtors.org is the following article by Kerry Smith:

“Economists predict a 5.7% U.S. price increase and 7% growth in sales, but a closer look at 9 Fla. metros finds varying predictions. They range from a projected 1.5% sales growth (4.3% price) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price) along the Space Coast.

“ORLANDO, Fla. – What will the real estate market look like in 2021? In December, national economists start rolling out their predictions, with the first, realtor.com, publishing their expectations first.

Amid COVID-19 uncertainty, 2021 will be a robust sellers’ market for U.S. buyers as home prices hit new highs (+5.7%) and buyer competition remains strong, according to the realtor.com’s 2021 housing forecast. Their economist expects inventory to make a slow yet steady comeback, providing buyers with some relief. However, increasing interest rates and prices will make affordability a challenge throughout the year.

““The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” says realtor.com Chief Economist, Danielle Hale. “Buyers may finally have a better selection of homes to choose from later in the year but will face a renewed challenge of affordability as prices stay high and mortgage rates rise. With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates. While waiting until the fall or winter months of 2021 may mean more home options to choose from, buyers who can find a home to buy earlier in the year will likely see lower prices and mortgage rates.”

“Many of realtor.com’s predictions, however, assume the COVID-19 pandemic will be under control within the first half of the year. Realtor.com’s 2021 housing market forecast

·        Mortgage Rates – Up to 3.4% by year end

·        Existing Home Median Price Appreciation – +5.7%

·        Existing Home Sales – +7.0%

·        Single-Family Home Housing Starts – Up 9%

·        Homeownership Rate – 65.9%

Realtor.com also provides a breakdown of predictions by metro area, and it varies for the nine Florida metro areas included – from a projected 1.5% sales growth (4.3% price growth) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price growth) in the Palm Bay-Melbourne-Titusville metro area. 2021 predictions for Florida markets

·        Cape Coral-Fort Myers: 1.5% growth in sales, 4.3% increase in prices

·        Deltona-Daytona Beach-Ormond Beach: 5.4% growth in sales, 6.3% increase in prices

·        Jacksonville: 9.4% growth in sales, 5.0% increase in prices

·        Lakeland-Winter Haven: 5.1% growth in sales, 4.9% increase in prices

·        Miami-Fort Lauderdale-West Palm Beach: 3.7% growth in sales, 7.1% increase in prices

·        North Port-Sarasota-Bradenton: 10.3% growth in sales, 6.6% increase in prices

·        Orlando-Kissimmee-Sanford: 10.1% growth in sales, 5.8% increase in prices

·        Palm Bay-Melbourne-Titusville: 11.6% growth in sales, 4.7% increase in prices

·        Tampa-St. Petersburg-Clearwater: 8.7% growth in sales, 7.5% increase in prices

“What 2021 will be like for buyers? Buyers will find some relief in 2021 as more homes hit the market, but many will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4% and no longer offset prices as much. The time it takes to sell a home will slow from the late 2020’s frenzy, the economists predict, but fast sales will remain in many parts of the country. It will also be more challenging than 2020 for first-time homebuyers.

“What will 2021 be like for sellers? Sellers will still hold the upper hand throughout 2021. Home prices won’t grow as fast as they did in 2020, but steady increases will continue to push them to new highs. Sellers who list can expect their home to sell relatively quickly in 2021. Many sellers who are also buyers should have their next home lined up before listing.

“Forecast 2021 housing trends: Millennials will continue to drive the market while Gen-Z become market players. Older millennials will likely be trade-up buyers while the larger, younger segment of the generation age into their key home buying years. The oldest members of Gen-Z will turn 24 in 2021 and their impact on the market will only continue to grow from here.

“Affordability will become a growing obstacle. Buyers in 2020 received a huge boost when mortgage rates pushed to new lows, but a lack of inventory and strong demand drove prices up, erasing most of that boost. Buyers will need to act with a sense of urgency if they want to lock in a low rate before home prices increase even more in 2021.

“Inventory will begin the slow road toward recovery. A lack of for-sale homes has plagued the U.S. housing market for the last five years. The problem intensified in 2020, in large part due to an estimated shortfall of nearly 4 million newly constructed homes heading into the year, as well as sellers pulling back due to COVID-19. The number of homes for sale is expected to slowly rebound in 2021, but the road to recovery will be long because the market has to make up for multiple years of declines. While additional homes will hit the market in 2021, it won’t be enough to tip the scales in favor of buyers.

“Suburbs will shine if remote work stays around. As COVID-19 lockdowns gripped many of the nation’s largest cities, it sparked intense buyer interest in suburban homes, further exaggerating a trend that had been slowly emerging over the last couple of years. The big question is what demand will look like once a coronavirus vaccine is widely available. If companies require workers to return to the office, demand may wane. Conversely, if companies commit long-term to remote work, demand for these homes could see an additional boost in 2021.

“Wildcards that could shake things up in 2021:

“COVID-19: The deck is stacked with wildcards for 2021. The most impactful will be the U.S.’s ability to control and contain the spread of COVID-19 as well as distribute a vaccine. Additional lockdowns and quarantines could put a dent in housing inventory and sales, slowing the market and putting increased pressure on buyers. Conversely, if a vaccine is rolled out quickly, it could lead to better than expected sales and a strong increase for home prices and inventory.

“Double dip recession: The possibility of a double dip recession is still in play for 2021. As the U.S. continues in a K-shape recovery, a gap is widening between those with and without jobs, as well as industries recovering well versus those seeing a continued lack of business. In the short term, this could lead to less consumer spending. In the long term, this could impact the U.S. housing market as “would-be” buyers disappear from the market, cooling demand and driving down home prices. The current question is how long the K-shape can diverge before the impact begins to cascade into the broader economy and other previously less-affected sectors such as housing.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 27-December 4, 2020

Sanibel

CONDOS

2 new listings: Loggerhead Cay #261 2/2 $719K, Pointe Santo #D35 2/2 $795K.

2 price changes: Heron at The Sanctuary II #2B 3/3.5 now $749.9K, Sanibel Surfside #124 2/2 now $1.05M.

4 new sales: Sundial #D305 1/1 listed at $519.9K, Coquina Beach #1D 2/2 listed at $549K, Oceans Reach #4D1 2/2 listed at $859K, Sundial #L205 3/2 listed at $1.395M.

8 closed sales: Spanish Cay #F6 1/1 $280K, Sanibel Arms #B7 1/1 $342.5K, Blind Pass #B111 2/2 $420K, Seashells #26 2/2 $425K, Ibis at The Sanctuary #202 2/2 $476.5K, Loggerhead Cay #212 2/2 $560K, Sanibel Arms West #K6 2/2 $569K, Wedgewood #102 3/3.5 $2.425M.

HOMES

4 new listings: 1030 Kings Crown Dr 2/2 $879.9K, 3827 Coquina Dr 3/2 $1.075M, 735 Sand Dollar Dr 3/3 $1.249M, 837 Sand Dollar Dr 3/3.5 $2.095M.

3 price changes: 315 East Gulf Dr #212 3/2 half-duplex now $559K, 753 Nerita St 3/2 now $579K, 9441 Peaceful Dr 3/3.5 now $1.395M.

14 new sales: 1667 Atlanta Plaza Dr 2/1.5 listed at $425K; 1027 Sand Castle Rd 2/2 listed at $499K; 1001 East Gulf Dr 2/2 listed at $639K; 721 Durion Ct 3/3 listed at $649.9K; 1850 Farm Trl 3/2 listed at $699K; 705 Rabbit Rd 3/3 listed at $699K; 1610 Sabal Sands 3/2 listed at $714.9K; 9421 Moonlight Dr 3/2 listed at $775K; 3751 Coquina Dr 3/2 listed at $839K; 5835 Pine Tree Dr 3/2 listed at $844.5K; 1430 Sanderling Cir 4/3.5 listed at $870K; 1203 Kittiwake Cir 3/3 listed at $997,898; 1259 Par View Dr 3/4 listed at $1.175M; 2564 Wulfert Rd 4/5.5 listed at $1.929M.

5 closed sales: 1357 Jamaica Dr 2/3 duplex $540K, 3926 Coquina Dr 3/2 $755K, 4345 Gulf Pines Dr 4/4 $775K, 3351 Barra Cir 3/2.5 $1.165M, 1152 Buttonwood Ln 3/3.5 $1.6M.

LOTS

1 new listing: 9436 Beverly Ln $235K.

1 price change: 3354 Barra Cir now $365K.

1 new sale: 0 Bunting Ln listed at $229,555.

2 closed sales: 2279 Wulfert Rd $295K, 2142 Starfish Ln $400K.

Captiva

CONDOS

No new listings.

1 price change: Captiva Shores #7B 3/2.5 now $1.399M.

3 new sales: Tennis Villas #3212 1/1 listed at $320K, Sunset Beach Villas #2334 3/3 listed at $950K, Gulf Beach Villas #2028 listed at $1.085M.

1 closed sale: Gulf Beach Villas #2012 2/2 $765K.

HOMES

No new listings.

1 price change: 15138 Wiles Dr 6/5.5 now $6.195M.

No new sales.

1 closed sale: 16611 Captiva Dr 6/6.5 $4.75M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 11525 Murmond Ln $700K.

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

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

Until next Friday, enjoy the holiday decor! Susan Andrews, aka SanibelSusan

 

It’s Not Black Friday Here – Bright Blue Sky & Sunshine

Happy day after Thanksgiving! The SanibelSusan Team hopes you had a good holiday. It’s pretty quiet in our office today, though the roadways and bike paths are busy as it is bright and sunny with temperatures in the low 80’s.

As the holiday approached, island traffic picked up significantly. It was back to looking like “season”. The rare overcast foggy morning, like Monday, brought out shoppers and more traffic directors at the 4-way stops. All good, as island businesses need activity.

Though there was no local Association of Realtors Zoom Caravan meeting this week (next meeting is Dec 3), there was plenty of activity posted in the Sanibel & Captiva Multiple Listing Service (MLS). The week’s MLS postings follow a couple of news items.

First an updated island inventory summary. It is shaping up to be a good year with an unbelievable bounce-back from the early pandemic months. With only 79 Sanibel homes for sale and over 300 sold this year, it will be interesting to see what happens over the winter. Not quite as extreme is the situation with Sanibel condos. There are under 100 for sale and nearly 200 sold to date.

Inventory numbers like that usually indicate a sellers’ market, but the sales this year have been a tad slanted regarding what products are selling. More mid-range homes and more high-end residential-type condos have sold, likely pandemic-driven and related to occupancy and safety. In the winter when the islands are busiest usually is when there are the most sales. This year that could be tempered because of inventory.

Condos Homes Lots
# Avg Price $ # Avg Price $ # Avg Price $
SANIBEL
For sale 96 773,127 79 1,911,043 55 805,241
Under contract 46 794,145 47 1,406,424 9 412,495
Sold year-to-date 150 731,868 254 948,367 20 632,418
Sold 2019 127 694,392 211 949,790 15 372,200
Sold 2018 155 720,617 218 1,112,747 21 602,095
Sold 2017 140 728,793 186 1,004,236 32 327,228
CAPTIVA
For sale 28 1,432,571 29 4,486,999 2 6,472,500
Under contract 6 783,000 8 2,548,375 1 795,000
Sold year-to-date 39 825,706 22 2,905,545 3 3,150,000
Sold 2019 29 1,037,077 17 2,737,503 1 1,375,000
Sold 2018 27 797,532 25 2,127,352 0 N/A
Sold 2017 34 671,551 22 2,457,022 2 2,312,500

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.

Farmers Markets & Christmas Trees

Captiva Farmers Market reopened this week. Those are on Tuesdays through April 27 from 9 a.m. to 1 p.m. at 5400 Plantation Rd at the entrance of South Seas Resort.

Sanibel Farmers Market reopened a few weeks ago. It is Sundays through May 30 from 8 a.m. to 1 p.m. at Sanibel City Hall, 800 Dunlop Rd. Local Roots also runs six other markets in SW Florida. More info about their start dates, hours of operation, and locations is on their website at www.LocalRoots.com.

Sanibel-Captiva Lions Christmas Tree Sale – begins tomorrow, Nov 28. All proceeds benefit local charities. Located next to Island Cinema in the Bailey’s Shopping Center, they offer fresh Michigan Fraser firs from 5 to 10’ plus wreaths and stands. Open 10 a.m. to 4 p.m. Wednesdays through Sunday, with island delivery and set-up available. On-line ordering also beings Nov 28 at www.SanCapLions.com.

City of Sanibel – COVID-19

On Tuesday, Acting Mayor Denham extended the island declared state of emergency due to COVID-19. Now it goes until December 1, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 84. Cases are rapidly increasing here. NINE more cases in the last week.

Weeks-ending 3/29 through 5/31 – 2 months = 11 cases

Weeks-ending 6/7 through 8/30 – 2 months = 30 cases

Weeks-ending 9/6 through 11/1 – 2 months = 22 cases

Weeks-ending 11/8 through 11/22 – 3 WEEKS = 21 cases (that is seven more cases than last week)

Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

U.S. Borders with Canada, Mexico Remain Closed Through Dec. 21

Posted Wed on FloridaRealtors®: “Don’t get hopes up for cross-border holiday travel. With the pandemic apparently escalating, the borders aren’t expected to open anytime soon.

“McLEAN, Va. – If you were hoping that the United States’ borders would reopen for holiday travel, don’t get your hopes up. The land borders with Canada and Mexico will remain closed through Dec. 21, Chad Wolf, acting secretary of the U.S. Department of Homeland Security announced on Thursday.

““In order to continue to prevent the spread of COVID, the U.S., Mexico, & Canada will extend the restrictions on non-essential travel through Dec. 21,” he wrote on Twitter. “We are working closely with Mexico & Canada to keep essential trade & travel open while also protecting our citizens from the virus.

“Canada’s Minister of Public Safety and Emergency Preparedness Bill Blair, wrote on Twitter that border-closure decisions “will continue to be based on the best public health advice available to keep Canadians safe.” Though these travel restrictions have been extended in monthly increments throughout the course of the COVID-19 pandemic, the borders are not expected to open anytime soon. The U.S. has the most COVID-19 cases of any country with more than 11 million, while Mexico and Canada have more than 1 million and 300,000, respectively.

““The pandemic seems to be escalating in both of our countries. That would seem to suggest that these measures are with us for a while,” Canadian ambassador to the U.S. Kirsten Hillman said Tuesday, according to Oregon Public Broadcasting.

“Both U.S. land borders were closed to all but essential traffic in mid-March after the coronavirus pandemic hit, with government officials announcing multiple extensions as case counts continued to rise, especially in the U.S. The previous extension, announced in mid-October, was due to expire Nov. 21. Despite the closure of land borders, U.S. citizens can still travel by air.

“Canada has begun allowing extended family members who live in the U.S. to seek an exemption allowing them to travel north amid these restrictions, provided they follow that country’s COVID-19 requirements. Lawmakers have called on President Trump to do the same on the U.S. side.”

Copyright © 2020, USATODAY.com, USA TODAY, Jenna Ryu; contributing, Jayme Deerwester and David Oliver. All rights reserved.

County Commissioners Approve Toll Transponder Agreement

From this week’s “Island Reporter”, “On Nov 17, the Lee County Board of County Commissioners voted to approve an agreement to allow motorists to use E-ZPass transponders – widely used along the East Coast and beyond – to drive on Lee County toll roads.

“The E-ZPass toll network includes 18 states throughout the Northeast and Midwest. The agreement would allow people who already have those transponders to use them on Lee County toll bridges….

“The agreement that allows the use of E-ZPass in Lee County is with the Central Florida Expressway, which joined the E-ZPass group in 2018. The Central Florida Expressway would process transactions with no transaction fee charged to the County.

“The transponders will be accepted locally starting early next year. Local motorists can continue to use LeeWay and SunPass transponders. For more information about Lee County toll programs, visit www.leewayinfo.com.”

The Double-Edged Housing Boom

Another good article by Lawrence Yun, NAR’s Chief Economist, in the November-December 2020 “REALTOR®” magazine:

“Eye-popping home sales and prices pose longer-term problems.

“Remarkably, in the midst of the pandemic, the housing market is in a clear V-shaped recovery. Sales for both existing and new home sales in August hit their highest mark since 2006. The data popped out as round numbers: existing-home sales at an even 6 million and new-home sales at exactly 1 million on an annualized basis, up 10.5% and 43.2% from a year ago. Pending contracts also hit an all-time high.

“Buyer activity this winter is unlikely to chill: Mortgage applications for home purchases are up about 30% compared to a year ago. Due to the extraordinary demand home prices have reached an all-time high. The national median home price was … up 11.4% from a year earlier. The strong price run-up is partly due to a latent boom in the luxury market and to a jump in multiple offers for starter homes. While those situations result in multiple “losers”, buyers are persevering. They aim to take advantage of record-low mortgage rates.

“Such a frenzy of activity, reminiscent of 2006 raises questions about a bubble and the potential for a painful crash. The answer: There’s no comparison. Back in 2006, dubious adjustable-rate mortgages taxed many buyers’ budgets. Today, buyers are taking out 30-year fixed-rate mortgages. Fourteen years ago, there were 3.8 million homes listed for sale, and home builders were putting up about 2 million new units. Now, inventory is only about 1.5 million homes, and home builders are underproducing relative to historical averages.

“But let’s look at current trends through a different lens. Escalating home prices will soon cause damage of a different sort, shutting out first-time buyers. That’s why more supply is critical. Only when home prices rise roughly in line with income growth can we say that the market is in equilibrium. Perhaps as people continue to flee crowded cities, new construction will get a boost. Greater flexibility to work from anywhere and improved broadband access in rural areas could spur home buying in remote areas, a market trend to watch for in the years ahead.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 20-27, 2020

Sanibel

CONDOS

6 new listings: Sanibel Moorings #441 2/2 $585K, Cottage Colony West #125 1/1 $609K, Cottage Colony West #119 1/1 $619K, Heron at The Sanctuary II #2A 3/2.5 $869.5K, Sanibel Arms West #E4 2/2 $889K, Sanibel Arms West #D2 2/2 $960K.

4 price changes: Spanish Cay #A4 2/2 now $430K, Loggerhead Cay #373 2/2 now $662.5K, White Sands #23 2/2 now $1.099M (our listing, yellow arrow, followed by view), Sundial #L205 3/2 now $1.395M.

4 new sales: Captains Walk #B4 2/2 listed at $395K, Seawind #A108 2/2.5 listed at $527K, Sanctuary Golf Villages I #4-1 3/3 listed at $899K, Sundial #O405 2/2 listed at $1.25M.

6 closed sales: Sanibel Arms #D7 1/1 $315K, Mariner Pointe #952 1/1 $350K, Sandpebble #2B 2/2 $457K, Seawind #A103 2/2.5 $565K, Island Beach Club #320C 2/2 $829K, Plantation Village #322 3/3 $2.275M.

HOMES

6 new listings: 2985 Island Inn Rd 2/2 $649.5K, 1850 Farm Trl 3/2 $699K, 2464 Blind Pass Ct 3/2 $1.295M, 1366 Tahiti Dr 3/2.5 $1.4M, 4166 Dingman Dr 4/4 $2.2M, 950 Victoria Way 4/4 $2.3M.

2 price changes: 9277 Belding Dr 3/3 now $850K, 1672 Hibiscus Dr 3/2 now $899K.

6 new sales: 6141 Henderson Rd 3/2 listed at $658.5K, 3251 Twin Lakes Ln 3/2 listed at $819K, 3020 Turtle Gait Ln 3/2 listed at $849K, 6176 Henderson Rd 3/2 listed at $998K, 509 Lake Murex Cir 3/2.5 listed at $1.225M, 4381 West Gulf Dr 5/5.5 listed at $11.5M.

4 closed sales: 9248 Dimmick Dr 3/3 $675K, 1304 Par View Dr 3/3 $730K, 549 East Rocks Dr 3/2.5 $1.085M, 1520 Angel Dr 5/5.5 $1.4M.

LOTS

2 new listings: 6428 Pine Ave $305K, 1825 Long Point Ln $389K.

No price changes.

1 new sale: 3013 Poinciana Cir listed at $239.9K.

2 closed sales: 1048 Fish Crow Rd $323K, 4995 Joewood Dr $2.38M.

Captiva

CONDOS

No new listings, price changes or new sales.

3 closed sales: Bayside Villas #5218 1/2 $387.5K, Beach Villas #2522 1/1 $529K, Lands End Village #1608 3/3 $2.025M.

HOMES

2 new listings: 11431 Dickey Ln 3/2 $1.258M, 11551 Paige Ct 5/6 $6.495M.

No price changes.

2 new sales: 11523 Andy Rosse Ln 5/5.5 listed at $2.189M, 11555 Wightman Ln 3/2 listed at $3.695M.

No closed sales.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 925 South Seas Plantation Rd $5.6M.

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

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

Enjoy your weekend! Susan Andrews aka SanibelSusan

The Friday Before Thanksgiving 2020… on Sanibel & Captiva Islands

The island continues to get busier as early Thanksgiving holiday vacationers/families arrive, and more snowbirds return. The weather this week finally took a long-awaited turn toward fall with lower humidity and daytime temperatures barely out of the 70’s on Wednesday. With little to no chance of rain, it also looks like the rainy season also finally is over. The forecast for the next ten days shows more of the same beautiful weather. Should be perfect for extended social distancing and outside holiday dining next week.

Many friends have returned to Sanibel for the holiday and shared photos taken this week. The below roseate spoonbill shots were taken Monday, Nov 16 at the wildlife refuge. Thank you, Dr Paul & Lynn.

 

While the next photo from our pal Scott was taken from Woodring Rd. Thanks for sharing!

At SanibelSusan Realty Associates

It also was another week of good action with our listings. With eight closings already in the hopper, all expected to close before the end of the year, we were happy to get another listing under contract yesterday. It should be our first closing in 2021. This has kept Dave busy following up on deposits, community applications, attending inspections, and ensuring sale action items are on time. Simultaneously, Elise has fielded more weekday showing requests and feedback, while Lisa and I cover those on the weekend. We are beating the bushes for new listings, if you know anyone thinking of selling.

The info the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

City of Sanibel – Politics, COVID-19, & More

Like much of the nation, islanders anxiously follow COVID updates and hope that SW Florida stays safe. This week Sanibel former-Mayor Kevin Ruane, who stepped down when he ran for a Lee County Commissioner seat, was officially sworn in as our County Commissioner for District 1. On Tuesday, his colleagues on the commission also elected him as their board chairman for next year. On Sanibel, that bumped Vice Mayor Mick Denham into the Acting Mayor position.

On Tuesday, Acting Mayor Denham extended the island declared state of emergency due to COVID-19. Now it goes until November 24, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 77. Cases are rapidly increasing here. NINE more cases in the last week.

Weeks-ending 3/29 through 5/31 – 2 months = 11 cases

Weeks-ending 6/7 through 8/30 – 2 months = 30 cases

Weeks-ending 9/6 through 11/1 – 2 months = 22 cases

Weeks-ending 11/8 through 11/15 – 2 WEEKS = 14 cases (that is nine more cases than last week)

Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Work Space, Outdoor Living, & The Burbs

A good article in the new FloridaRealtor® magazine (Nov/Dec 2020) summaries what is happening on Sanibel too, “as the pandemic changes what homebuyers are looking for…”

“With schools closed and businesses shuttered, many people found their entire lives confined to the four walls of their homes. From working and homeschooling to eating and entertaining, daily life started and ended at home, causing many people to recognize the importance of a comfortable, practical place to live.

“As more companies realize that working from home is a viable option and many schools are on a virtual or a hybrid leaning schedule, these shifts seem to be more than a passing fancy….”

Below are the four trends that followed:

“Trend 1 – More indoor space for remote working and family members. What buyers want: Home office, home gym, well-appointed kitchen, walk-in pantry….

“Trend 2 – Increased consumer appetite for more outdoor and entertainment space. What buyers want: Private and spacious outdoor area, pool, backyard, patio….

“Trend 3 – Move from urban to suburban. What buyers want: Less densely populated location, single-family living….

“Trend 4 – More tech-enabled homes. What buyers want: High-speed WiFi connectivity, tech improvements/upgrades….

The article ends with a note from John “Chuck” Fowke, Tampa-based custom home builder and chairman of the board of the National Association of Home Builders, Washington, D.C.: “About 88% of our buyers indicated their home has become very important or more important because of the pandemic. There’s a trend of people thinking that, because they’re in the suburbs and not in congested areas, the health opportunities are much better. Emphasize the outdoor recreation and freedom of movement outside rather than being inside or in small spaces.””

8 Do’s & Don’ts of Owning a Vacation Rental

Also from the Nov/Dec 2020 issue of “FloridaRealtor®” magazine: “Are you considering a vacation home purchase that will produce valuable rental income when you’re not using the property? If so, check out these dos and don’ts to get the most out of your financial investment.

“DO: Create a financial plan. This will help you predict the potential revenue and expense of owning a rental property.

“DO: Work with a knowledgeable Realtor® when buying. A good agent can help you find a property in a good location with the best rental potential.

“DO: Get to know your property. Carefully check all parts of the property and repair and replace items that need it.”

“DO: Choose a property manager carefully. Check their reputation in the area, then ask how they’ll: Maintain the property so it stays in good condition, communicate with you and maximize your revenue.

“DON’T: Ignore preventive maintenance. It’s better to fix or replace that aging hot water heater or HVAC system now than have it break during a renter’s stay.

“DO: Be strategic about using the property yourself. If your goal is to maximize rental income, stick to planning your stay during the off season.

“DO: Plan to reinvest in the property. Figure you may have to spend 1% of the property value each year on maintenance.

“DO: Be realistic about pricing. Research area rental rates and don’t overprice. Your ultimate goal is to make a reasonable profit and that will require a high occupancy rate.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 13-20, 2020

Sanibel

CONDOS

3 new listings: Spanish Cay #A4 2/2 $450K, Sanibel Arms West #J3 2/2 $589K, Sundial #L205 3/2 $1.495M.

5 price changes: Sanibel Arms #C7 1/1 now $349K, Blanca #8 2/1 now $365K, Sanibel Arms #H6 1/1 now $384.9K, Sundial #F108 1/1 now $450K, Sanibel Inn #3512 2/2 now $726K.

6 new sales: Breakers West #B5 2/2 listed at $569K; Compass Point #221 2/2 listed at $639,999; Sanctuary Golf Villages I #1-4 3/3 listed at $799K; Sundial #T201 2/2 listed at $799K;  Pointe Santo #D47 2/2 listed at $974K; Junonia #103 3/2 listed at $1.295M.

10 closed sales: Sundial #I405 1/1 $405K, Sundial #D308 1/1 $414K, Mariner Pointe #813 2/2 $525K, Loggerhead Cay #573 2/2 $657.5K, Lighthouse Point #229 3/2 $712K (our listing), Sunset South #14B 2/2 $920K, Blind Pass #G105 4/3 $950K, Blue Gulf #201 3/2 $1.135M, Sunward #201 3/2 $1.2M, High Tide #B302 3/2 $2.08M.

View from Lighthouse Point #229, sold full price!

HOMES

4 new listings: 1027 Sand Castle Rd 2/2 $499K, 9254 Kincaid Ct 2/2.5 $499.9K, 490 Sawgrass Pl 3/2.5 $1.595M, 4961 Joewood Dr 4/4 5.2M.

4 price changes: 1684 Bunting Ln 2/2 now $514,555; 721 Durion Ct 3/3 now $649.9K; 6141 Henderson Rd 3/2 now $658.5K; 1743 Jewel Box Dr 3/3.5 now $1.35M.

9 new sales: 1357 Jamaica Dr 2/3 duplex listed at $559K, 1142 Shell Basket Ln 3/2 listed at $625K, 1015 Fish Crow Rd 3/2 listed at $649K (our listing), 482 Lake Murex Cir 3/2 listed at $789K, 660 Oliva St 3/3 listed at $829K, 769 Pyrula Ave 3/3.5 listed at $1.395M, 677 Anchor Dr 5/5.5 listed at $1.895M, 2268 Wulfert Rd 4/5.5 listed at $1.995M, 4067 West Gulf Dr 4/4.5 listed at $5.9M.

1015 Fish Crow Rd

8 closed sales: 1410 Sand Castle Rd 2/2 $612,408; 9128 Mockingbird Dr 3/2 $635K; 9307 Dimmick Dr 3/2 $680K; 1326 Tahiti Dr 2/2 $700K; 525 N. Yachtsman Dr 3/2 $775K; 917 Lindgren Blvd 3/2 $850K; 770 Elinor Way 3/2.5 $895K, 2343 Wulfert Rd 4/4.5 $1.39M.

LOTS

1 new listing: 5301-25 Sanibel-Captiva Rd $1.2M.

No price changes.

1 new sale: 5116 Sea Bell Rd listed at $229K.

1 closed sale: 2297 Wulfert Rd $179K.

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Bayside Villas #5136 1/2 $380K.

HOMES

No new listings.

1 price change: 16447 Captiva Dr 7/6/2 now $2.79M.

No new sales.

1 close sale: 15147 Captiva Dr 6/5.5 $2.85M.

LOTS

Nothing to report.

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

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

Best wishes from The SanibelSusan Team for a safe and happy Thanksgiving.

Susan Andrews, aka SanibelSusan

How Island Realtors® Can Tell It Snowed Somewhere

At SanibelSusan Realty, last weekend when New England was getting their first accumulation, there also was a flurry of activity with multiple offers on our Tarpon Beach condo listing and multiple showings at our new home listing on Olga Ave. Both properties now are successfully under contract.

It always happens after cold weather hits up north, as the remainder of the week brought more inquiries and showings at other listings. The number of listing internet viewings also are up.

This website, Realtor.com, and Zillow usually get the most hits, but it was interesting to get my monthly report from ListHub (which syndicates to some 47 lesser known real estate sites). Through them, our listing hits increased from 24 in September to 1,005 in October. Another good sign that Sanibel sales are picking up.

Unfortunately, as traffic has increased, with more arrivals, COVID-19 cases have increased too. More info about that below, followed by other news items, then the action in the Sanibel & Captiva Islands Multiple Listing Service since last week.

City of Sanibel – Emergency Declaration, COVID-19

Again, Sanibel’s Mayor extended the declared state of emergency due to COVID-19, now it goes until November 10, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.) Additionally, the City face covering mandate was reaffirmed and remains in effect through the period.

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 67. (That is an increase of five since I posted last week. Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.)

Sanibel & Captiva Islands Association of Realtors  Annual Meeting

Yesterday was our first local Realtor® Association annual meeting via Zoom. Zoom meetings certainly are not as much fun as networking in person. The 2021 slate of officers and board of directors were approved with reports provided by outgoing President Mike Badenoch, Treasurer Amy Wainright, Executive Officer Bill Robinson, RPAC Co-Chair Dave Arter, and Governmental & Political Affairs Co-Chairs Eric Pfeifer and Dave Schuldenfrei.

RPAC – Big congratulations to the RPAC Committee for their recent successful Zoom auction fundraiser. In addition to the amounts raised and percentage of goal reached during such a challenging year, rumor has it that our percentage of member participation puts the Sanibel & Captiva Islands Association of Realtors® within the top “10” in the nation. Even when the going gets tough, you can always depend on our island association rallying. Thank you to all who worked so hard, sponsored, donated, purchased, and made it another banner year for the Sanibel & Captiva Islands Association of Realtors® RPAC.

Though we still await some election results, 95% of Florida Realtors® PAC-endorsed candidates won their elections, including ten Realtor® Legislative Caucus members. That means our Association is well-positioned to successfully advocate for the profession and real estate industry in the upcoming legislative sessions. On top of that news, Amendment 5, which Florida Realtors® supported, was approved by 74.5% of Florida voters. As a result, beginning on January 1, 2021, accrued Save Our Homes benefits may be transferred for three years, instead of the previous two. This increase in the portability period will benefit some homeowners by allowing them to maintain their property tax benefits longer as they transition between living situations.

Caravan – This was the first week in many when properties could be held open for a morning Realtor® caravan of new listings. Just four properties were held open. At SanibelSusan Realty, we continue to follow CDC and state guidelines, opening properties with precautions, no in-person Open Houses for us yet. It does not seem to be hurting our sales though, as I was happy to announce that five of our listings have gone under contract since our last meeting. (Next Zoom Caravan is in two weeks, November 19.)

Governmental & Political Affairs Committee Report

Here are a few tidbits from committee co-chairs:

Seawalls – An offshoot of the Planning Commission, Land Development Code Subcommittee, is discussing a new seawall repair method. Many original island concrete seawalls are aging and deteriorating. One way to repair them is to install a vinyl corrugated material on the waterside of the walls to prevent further damage. Questions have come up regarding this type of installation both from environmental and coverage angles. Will the material increase the size of the lot, thus affecting coverage limits? Make the canal traffic path smaller? If you have an opinion or want to attend the next meeting, Planning Commission meets Tuesday, November 10 at 9 a.m. at City Hall, the subcommittee meeting follows.

Sanibel Budget – With income reduced from COVID shutdowns, the City budget had to work around a $6 million deficit.

No Red Tide – Regarding water quality, the news is good, though bayside water has a brown tint right now from recent Lake O releases. The good news is that so far there is no red tide, with the Army Corps of Engineers slow in its water releases into the estuary. More lake water is being released than preferred right now, because of recent heavy rain resulting in high water levels in the lake. Unless there is a huge rain this weekend from Hurricane Eta, the releases should lessen. The funded reservoir projects (east, west, and south) are on schedule as is the project to raise Route 41, with the eventual goal of sending more water to the Everglades.

Algae Solutions – Regarding blue green algae (which can grow in fresh, brackish and marine water) and has been found in Lake O, a contract has been signed with an Israeli company called BlueGreen Water Technologies. This company has been successful in other countries working to eliminate the algae in both large and small bodies of water. It is unknown if their methods will work on red tide (which is in salt water), but tests are underway. In the water world, this is better news than in a long time. Thanks to our local committee folks for keeping us informed.

Sanibel & Captiva Islands Multiple Listing Service Activity October 30-November 6, 2020

Sanibel®®

CONDOS

5 new listings: Spanish Cay #F3 1/1 $325K, Sundial #D309 1/1 $434K, Blind Pass #G201 2/2 $540K, Loggerhead Cay #411 2/2 $599K, Sunset South #9D 2/2 $599K.

2 price changes: Sundial #D305 1/1 now $519.9K, Atrium #103 2/2 now $1.175M.

5 new sales: Sanibel Arms West #K6 2/2 listed at $579K; Loggerhead Cay #212 2/2 listed at $589,985; Loggerhead Cay #222 2/2 listed at $599K; Sundial #H203 2/2 listed at $739K; Tarpon Beach #207 2/2 listed at $899K (our listing).

1 closed sale: Sundial #D204 1/1 $430K.

HOMES

4 new listings: 1125 Captains Walk St 3/3 $739,937; 509 Lake Murex Cir 3/2.5 $1.225M; 1308 Eagle Run Dr 4/4 $1.695M; 819 Tulip Ln 5/4 $2.995M.

4 price changes: 1764 Bunting Ln 2/2 now $524K; 3935 Coquina Dr 4/3 now $879,978; 9426 Sage Ct 3/3 now $995K, 1245 Isabel Dr 3/3.5 now $2.099M.

4 new sales: 555 Rabbit Rd 3/2 listed at $599K, 1467 Sand Castle Rd 3/3 listed at $789K, 1120 Olga Ave 3/2 listed at $950K (our listing), 1237 Isabel Dr 5/6.5 listed at $2.749M.

10 closed sales: 1752 Serenity Ln 3/2 $430K; 9036 Mockingbird Dr 3/2 $530K; 934 Cormorant Cir 3/2 $685K; 702 Durion Ct 3/2 $799K; 1170 Buttonwood Ln 4/2 $868K; 1777 Serenity Ln 5/4.5 $895K; 1724 Bunting Ln 3/3.5 $912.5K; 1081 Captains Walk St 4/2.5 $932,050; 595 West Rocks Dr 3/3 $1M; 5757 Baltusrol Ct 3/3 $1.52M.

LOTS

No new listings.

2 price changes: 0 Bunting Ln now $229,555; 1837 Buckthorn Ln now $499K.

2 new sales: 1048 Fish Crow Rd listed at $340K, 4995 Joewood Dr listed at $2.45M.

2 closed sales: 489 Ponce De Leon Rd $210K, 2501 Tropical Way $658.5K.

Captiva

CONDOS

1 new listing: Ventura Captiva #2B 3/3 $979K.

No price changes or new sales.

4 closed sales: Bayside Villas #4204 1/2 $375K, Bayside Villas #5228 1/2 $380K, Bayside Villas #4220 1/2 $390K, Beach Villas #2422 1/1 $525K.

HOMES

No new listings.

1 price change: 11541 Paige Ct 3/4/2 now $4M.

2 new sales: 11521 Laika Ln 3/3 listed at $1.385M, 17101 Captiva Dr 7/6.5 listed at $2.695M.

1 closed sale: 1124 Longifolia Ct 4/5 $2.5M.

LOTS

No new listings or price changes.

1 new sale: 11525 Murmond Ln listed at $795K.

No closed sales.

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

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

Don’t forget to remember Veterans on Wednesday!

Until next week, Susan Andrews, aka SanibelSusan