Trying to Make Lemonade


It’s getting harder to make lemonade out of the lemons, but here is some island news. It’s not all good, but it’s real – followed by the action posted in the Sanibel & Captiva Multiple Listing Service since last Friday.

Red Tide Numbers Stay High in Southwest Florida; Bloom Extends About 130 Miles

http___m.myfwc 08-21-18The follow article is from the “Fort Myers News-Press. It was posted on-line and updated on Wednesday. The picture shown here was downloaded from Florida Fish & Wildlife Conservation Commission.

“A strong red tide that’s lingered in the region since October is still producing high levels of toxins along the coast. The Florida Fish and Wildlife Conservation Commission released its latest red tide report Wednesday. Counts in Southwest Florida have upwards of 1 million cells per liter and more in the past two months and are still matching or exceeding that level in many areas.

“The bloom now extends about 130 miles, from south Tampa Bay area to Marco Island and can be detected from space. The National Weather Service extended a beach hazard advisory for Lee, Charlotte, and Sarasota counties through Thursday evening. The National Oceanic and Atmospheric Administration Monday issued a breathing advisory for Southwest Florida that says irritation will be intense for the public in coastal Lee, Charlotte, and northern Collier counties.

“Some experts have said the red tide may last until winter when cold fronts from the mainland and windy conditions often break up the blooms. Red tide season typically runs from October to January or February, but this bloom has lasted for 10 months and has shown no sign of dissipation.

“Counts along Southwest Florida have ranged from background levels to 1 million cells per liter and higher. Fish kills and breathing irritation in humans can start once levels reach 10,000 cells per liter, according to FWC. This bloom has become much stronger along the coast since the first of June. Millions of pounds of fish and marine wildlife have been collected from Lee County beaches just this month. Hundreds of sea turtles have died in Southwest Florida from the bloom, so have manatees, dolphins, and even a whale shark.

“High counts extend at least 15 miles offshore, according to the Sanibel-Captiva Conservation Foundation.

“The University of South Florida’s college of Marine Science predicts that the bloom will move to the south and toward the Naples area over the next three days.”

Wednesday Fishing Report from Charlie Sobczak

I bet some of you also are fans of local author (and Realtor®) Charlie Sobczak. He has written some terrific books including “Living Sanibel” which The SanibelSusan Team often gives as one of our closing gifts. Another of his, that I especially enjoy, is “Six Mornings on Sanibel” (published in 1999, but still available on Amazon). It takes place at the fishing pier. “Way Under Contract” is great too – particularly if you like real estate stories. If you read this one, you may think some of the characters are real islanders.

Charlie Pix 08-23-18Charlie is also a pretty serious fisherman so it was good late yesterday to see his below Facebook post. This is his pix too.

“While I seldom post fish pics I felt that since all we are seeing on Facebook these days are images of horrid, decaying fish it might be refreshing to see that the offshore waters are still untouched by this massive red tide and algae bloom. We had perfect conditions yesterday, August 22nd, 2018, when we headed out 32 miles west of Redfish pass with Captain Nate Buffam and crew. The water is crystal clear blue out there and the fishing was fantastic. The dirty water stretches from shore to about 15-18 miles then, after that, we saw “live” loggerhead turtles, dozens of bottle nose dolphins, flying fish, jellyfish, frigate birds and bait. Not everything is lost but if we continue to allow this unabated dumping of toxic water I fear the worst in the years to come. Please support the Captain’s for Clean Water Fundraiser on Saturday afternoon at the Clam Shack on Sanibel.”Clam Shack Flier

Thursday & Friday Water Reports from Local Gals

I know you can’t believe everything you read on Facebook, but if it comes from folks you know and it includes videos, it’d pretty hard to beat it.

Last night after work, Royal Shell Vacation’s Kris Slagle posted: “Just saw two bait pods on the West side of the Sanibel Causeway C span, and birds feeding on them! NOT saying it’s all perfect, but saying it’s some positive news! And hundreds of birds feeding on the mud flats!”

Then, early this morning Sanibel Holiday’s General Manager, Rebecca Cosentino posted a video of her walk down the beach access and along the gulf in front of Loggerhead Cay condominiums. She said that they have several check-ins there scheduled tomorrow so a personal visit was the best way to report the conditions. Though she said she is sensitive to red tide, she noticed no smell and had no eye or throat irritation. The video was early 7:45 a.m., but she wasn’t alone. The video showed some folks in the water and a few joggers and shellers. Unfortunately, it also showed a few dead fish – several puffer fish, baitfish, and a couple of eels. With winds blowing onshore that isn’t surprising, particularly after reading Charlie’s posting from the day before.

Then a couple of hours later, Select Vacation Properties’ Patience Rodriguez posted a similar video of her beach walk taken today in front of Sundial Resort. The water here showing better color and looking clearer than it has recently. She said that she is asthmatic, but similarly noticed no smell and had no breathing difficulties. A couple of small pufferfish were along the waterline here too, but very few. She encouraged listeners to Text MYSANIBEL to 52886 to participate in the call-to-action to stop the Lake O discharges (which have started up again).

So, it’s probably safe to say that the beaches continue to look better, but we aren’t out of the woods. We all need to keep the pressure on and respond to each and every call to action.

After seeing these gals’ gulf-side videos, about 1 p.m. I checked the bayside beach near the lighthouse and fishing pier. It’s looking good there too – likewise no smell and I saw no dead fish or wildlife – just one lone fisherman on the fishing pier and a handful of beachgoers at Lighthouse Beach.

Yet, it’s a gorgeous day and we all hope that it only continues to get better.

Stopped at my house on the way back to the office to be sure the canal there is looking good. Taken today, this is sooo much better than just a week ago. Sure hope it continues.

Anchor Canal.jpg

Now to some other good news – taxes and hurricanes.

Lee County Notice of Proposed 2018 Real Estate Property Taxes

LeePALogoLee County property owners recently were mailed their annual TRIM (Truth in Millage) notices. In compliance with Florida Statutes, this document is required to advise of the property’s valuation as of January 1, 2018 and its proposed ad valorem taxes for the year. Ad valorem taxes are based on the value of the property with taxing authorities determining the tax rate, or millage, based on the money needed to fund their budgets.

If property owners have questions about their valuation, exemptions, classification or characteristics of their property, they are encouraged to contact the Lee County Property Appraisers Office (www.LeePA.org) at 239-533-6100. If unable to resolve a matter as to market value, classification, or an exemption, a petition for adjustment with the Value Adjustment Board may be filed. Online filing is available, but petitions must be filed on or before September 10, 2018.

Hurricane Season Peaks in Sept. – Got the Right Insurance?

hurricane-symbol-blue-hiWhile most of us are counting down to the end of hurricane season (Nov), Florida Realtors® posts reminders that the peak time is coming up.

Florida Realtors logoThe below article was posted in their on-line news on Tuesday.

“ORLANDO, Fla. – Aug. 21, 2018 – Keeping up with property insurance coverage in hurricane-prone Florida can be tricky, to say the least.

“To help sort things out as summer and the storm season heat up, we spoke with Locke Burt of Ormond Beach-based insurer Security First and Doug Iannarelli of travel club AAA’s insurance division.

“Question: What do I need?

“After many hurricanes, including Matthew and Irma in the past two years, insurers said they saw claims filed under homeowners’ policies that could only have been covered under flood policies. Rising water that makes it into your home will only be covered if you have flood insurance, Burt said.

“But if a tree limb or other debris hit your house and creates a hole through which rainfall could enter, that likely would fall under windstorm coverage.

“Also, weigh the amount of coverage you need – and how low you need your deductible to be, given the savings or credit limit you would have available if an emergency hits.

“Although few studies have shown a strong link between hurricanes and increase in number of births nine months later, labor and delivery nurses say the phenomenon is the real thing.

“Question: What’s the newest flood coverage?

“Alternatives to the federally backed National Flood Insurance Program are increasing. More than two dozen insurers are issuing private flood coverage – which might save you money or might simply make it easier to file claims if a storm causes wind and water damage. Security First is among a few insurers that add flood coverage as an option, called an endorsement, on homeowners’ policies rather than require it as a separate policy.

“New mapping technology that breaks down the entire country into blocks about the size of a tiny house makes flood maps obsolete, Burt said, and enables private insurers to issue a flood-coverage quote more accurately and easily. The private policies are an expansion of those that traditionally have been written on $1 million-plus homes.

“Question: How do I fill in the gaps?

“Whether buying down the deductible of your existing homeowner and windstorm coverage or seeking another policy to plug that potential financial gap, you can reduce the financial risk storm damage can pose.

“New policies called parametric coverage can use mapping technology to determine the storm conditions that hit your location and quickly pay a flat amount directly to you. This can spare the trouble of waiting for an adjuster before getting a check, but it also is designed to just provide enough coverage to make up for your deductible. “StormPeace and Cat4Home are two such providers mentioned in a recent Sun-Sentinel story.

“Question: What are the rules?

“Keep in mind: Your property damage will most likely be your own claim. Unless you can prove the tree limb that blew over from someone else’s yard is sitting on your living room floor because your neighbor was negligent, you’ll be filing that claim on your own policy.

“Deductibles can be set for the calendar year, much like health insurance. So even if your deductible is $7,500 and one storm causes $6,000 in damage, get it on the record in case you have another claim later in the year.

Get claims filed quickly, as you might have only a few weeks to submit damage to your insurer. Check with your agent on the amount of time your policy allows – then don’t let busy signals or Internet outages deter you.

“You can’t buy insurance at the last minute. Whether you’re comparing rates or looking for coverage you’ve never had before, insurers have the right to wait until after a storm passes (or misses the area) once it’s coming close to Florida.

“Question: Should I shop around?

“Yes. Innovative policies, such as those mentioned above – or new insurers, such as Farmers which plans an August debut for Florida homeowners, according to its website – can help you save money.

“Use ratings companies such as A.M. Best or Demotech to see how financially stable the insurer is. The state’s Office of Insurance Regulation has this resource and others posted on its website.”

Copyright © 2018 The Orlando Sentinel (Orlando, Fla.), Bill Zimmerman. Distributed by Tribune Content Agency, LLC.

construction-site-clipart-7914449-under-constructionPre-Season Closings & Late Summer Projects

  • Island Cinema – will be closed for cleaning & maintenance from Sep 6 to Oct 5.
  • Pointe Santo – Pointe Santo’s building concrete restoration project Is underway. Buildings A and B were done last year. This year, from Aug 11 to Oct 19, Buildings D and E will be done. Building C is scheduled for 2019.
  • Sanibel Community House – will be closed for maintenance Mon through Fri, Sep 10-14.
  • Sundial West – Sundial West has had several projects underway since Jul. Completion is expected mid-Nov. Some buildings are being painted, pavers are being installed in parking areas, and electrical and elevator work are being performed. Also, their pool is scheduled to be closed Sep 24 to Oct 5, but owners/guests may use the resort pool then.
  • Traders Gulf Coast Grill & Gifts – Is closing Sun, Aug 26, for their annual break. They plan to reopen Tuesday, Oct 2.
  • The Sandbar Steak & Seafood – Is already closed and reopening Wed, Oct 3.

Upcoming Events

crow-logoSat Aug 25 – CROW’s Walk on the Wild Side at Lakes Regional Park at 7330 Gladiolus Dr., Fort Myers from 10 a.m. to 1 p.m. to raise awareness about the organization and continue the celebration of its 50th anniversary. Admission & activities free, fees for city parking. In the amphitheater: Wildlife Rescue 1012 at 10:30 a.m. and again at noon; Turtles of Florida at 11 a.m.; Owls of Florida at 11:30 a.m. Three pavilions will be set up with activities and info on different kinds of wildlife. CROW’s tent will offer info on volunteering and student programs. More info at www.CROWClinic.org .

Sat Aug 25 – Fundraiser for Captains for Clean Water at The Clam Shack on Sanibel from 2 to 8 p.m. featuring entertainment by local musicians, 50/50 raffle and Chinese auction. Captains for Clean Water is a non-profit organization focused on improving water quality. More info about them online at www.captainsforcleanwater.org .

sundial-logoSep 28-30 – USTA Southwest Florida Clay Court Championships will be at Sundial Beach Resort. This is their 3rd year hosting the event. The tournament includes a Saturday evening party and trophies. Players can register online at www.tennislink.usta.com , using tournament ID No. 150046618. Deadline is Sep 26.

Sanibel & Captiva Islands Association of Realtors August Membership Meeting

Sanibel realtors logoAttendance was off and only three properties (including our new Pointe Santo listing) were open for Realtor® Caravan following yesterday’s Association of Realtors® monthly breakfast meeting.

lee schools logoWe got good information, though, about the upcoming Lee County School Board’s Half-Cent Sales Tax referendum that is on the Nov 6 ballot. Speakers were the county’s Superintendent of Schools, Dr. Gregory Adkins and School Board Member (& Florida Gulf Coast University adjunct professor) Chris Pattricca. Here are my take-aways, with some interesting tidbits:

  • Lee County is the 9th largest school district in Florida, also the 32nd largest in the U.S. It has 95,000 students
  • In 1886, there was just one school in SW Florida (with 56 students) and it burned to the ground. This area then was part of Monroe County so when students began running amok, a group of parents got together and went to Key West asking for a new school to be built. Their request was denied. Lee County was incorporated in 1887 with the need for a school being the driving force for that action.
  • Today, Lee County has 96 schools, 121 counting Charter Schools. There are 12,000 school employees (closer to 14K when counting substitutes).
  • School population is growing at the rate of 1,500 to 2,000 students per year.
  • Florida is 50th in the nation in dollars spent on education.
  • Today 40% of Lee County’s students have English as their 2nd language.
  • When school money comes from real estate taxes, often a disproportionate amount is received from high-end communities, so their schools are better. Here, the county spends $7,700 per year per child which ranks us 47th in the nation.
  • Though enrollment has increased since 2006/2007 from 70K students to 95K, capital funding has gone down from over $300M to just over $100M.
  • This proposed amendment is to increase the sales tax in Lee County by a half-cent, from 6% to 6.5% per dollar, to fund school capital projects. The proposal calls for a limit of 10 years with the tax expiring December 31, 2028. Approximately $59 million annually would be raised, paid for by everyone who purchases taxable goods. Exempt items like groceries and medications would not be taxed, and the additional half-percentage tax would only be applied to the first $5,000 for large purchases.
  • It’s estimated that 30% of the revenue generated would come from tourists.
  • The money from this sales tax will be used strictly for capital expenditures to build two new elementary and middle schools, one new high school, rebuild an elementary and middle school, to install school camera systems, hearing-impaired lock-down lights, fire alarm systems, and HVAC systems. It cannot be used to fund salaries, benefits, and training for faculty/staff/administrators, classroom materials, district and school services, administrative technology, or charter school buildings, repairs or improvements.

More info at www.leeschools.net/changeforchange.

Sanibel & Captiva Islands Multiple Listing Service Activity August 17-24, 2018sancap GO MLS logo

Sanibel

CONDOS

2 new listings: Sundial West #H209 1/1 $545K, Surfside 12 #A1 3/2 $869K.

1 price change: Island Beach Club #320F 2/2 now $749K.

1 new sale: Atrium #201 3/3 listed at $1.349M.

1 closed sale: Blind Pass #G203 2/2 $440K.

HOMES

No new listings.

8 price changes: 1520 Centre St 3/2 now $449K, 531 Piedmont Rd 3/2 now $455.5K, 585 Lake Murex Cir 3/2 now $659K, 1043 Sand Castle Rd 3/2 now $725K, 1740 Middle Gulf Dr 3/3 now $979K, 430 Glory Cir 4/4.5 now $1.445M, 784 Limpet Dr 4/3 now $1.875M, 1133 Golden Olive Ct 3/3.5 now $2.442M.

2 new sales: 1521 Wilton Ln 3/2 listed at $759.5K, 2857 Wulfert Rd 4/5 listed at $1.598M.

2 closed sales: 4772 Tradewinds Dr 3/2.5 $795K, 413 Bella Vista Way 4/4 $2.4M.

LOTS

1 new listing: 595 Piedmont Rd $209.9K.

No price changes or new sales.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Cottages #1407 2/2 $1.195M.

1 price change: Bayside Villas #5228 1/2 now $399.9K.

No new sales.

2 closed sales: Tennis Villas #3129 1/1 $284K, Beach Villas #2423 1/1 $535K.

HOMES

1 new listing: 11523 Andy Rosse Ln 5/5.5 $2.499M.

No price changes, new sales, or closed sales.

LOTS

Nothing to report.

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

Here’s hoping for more good news next week!sanibel-island-sunset.jpg

Susan Andrews aka SanibelSusan

What a week – with real estate, summer weather, pickleball, spaghetti, shells, bathtubs, & more…


Lanai a

Mariner Pointe #1061, with this lanai, a fantastic interior remodel, 2 community pools, tennis, boat dockage, private fishing pier, bbq areas, plus deeded gulf beach access

 

 

 

 

SanibelSusan here, reporting more terrific summer-like weather. The island was packed with people last weekend. With the long holiday weekend, the causeway islands were jammed from Saturday through Tuesday. (Local schools were out both Monday and Tuesday). Periwinkle Way was especially slow going during the Saturday/Sunday Arts & Crafts Fair, while the on-off-island traffic in early morning, midday, and late afternoon continues to be challenging. Lotsa folks are here enjoying the wonderful weather and all the islands offer.

 

Sanibel & Captiva Islands Association of Realtors®

Yesterday, there was just an average turn-out for the islands Thursday Realtor® Caravan Meeting. It was a west-end Caravan which means properties from west of Tarpon Bay Road to Captiva. Only six properties where on the tour list, including an east-end canal-front home, so teammate Dave held our Lighthouse Way listing open at the same time hoping to attract some of the same lookers.

Ext Front

569 Lighthouse Way

 

Caravan rules permit properties on the other end of the island to be on the schedule, only where there are not enough properties signed up to fill the 15-unit maximum. Next week is East-End.

The details the action posted in the Sanibel & Captiva Islands Multiple Listing Service are after a few news items below. Check out the huge number of price reductions. As season winds down, it’s a great time to buy!

Island Events

Sundial-pickleball-

Pickleball courts at Sundial Beach Resort

 

  • Inaugural CAN AM Super Slam – today through Sunday, Feb 23-25 from 9 a.m. to 5 p.m., pickleball tournament for seniors at Sundial Beach Resort & sanctioned by both the USA Pickleball Association and the Super Senior International Pickleball Association (SSIPA), free & open to the public. Because it is a SSIPA tournament, all players are 60 or older and already USAPA ranked. Competition features five age categories: 60 to 64, 65 to 69, 70 to 74, 75 to 79, and 80 plus, with each event broken down by “skill” or the points the players have. Based on a bracket-type of play, every event is a double-elimination round. For more info contact pickleballcip@gmail.com or call 231-676-9681. Pickleball is the fastest growing sport in America!
  • spaghetti dinner38th Annual Kiwanis Spaghetti Dinner – tomorrow night, Saturday, Feb 24, at The Community House, dinner served 4 to 8 p.m. followed by raffles, silent & live auctions, music, & fun. All to benefit island youth. Can’t beat the all-you-can-eat price – $11 at the door, kiddos 9 and under free.
  • Sanibel-Shell-Festival-3-Sanibel-Rentals-Photo-Courtesy-of-Sanibel-Shell-Festival81st Sanibel Shell Festival – next week, Thursday, Friday, & Saturday, Mar 1, 2, and 3 at The Community house. Open 9 a.m. to 5 p.m., except Saturday when it’s over at 4 p.m.
  • Octifest on The Beach – Sunday, Mar 11 at 6:30 p.m. on Causeway Island A, annual Sanibel Sea School fundraiser to purchase equipment and support outreach programs for landlocked kids. Tickets at www.octifest.org or call 239-472-8585.

New Sanibel Sea School Offering

Sanibel Sea SchoolAs announced in the “Island Sun” this week, Sanibel Sea School has added seasonal classes for 4- to 6-year olds to the organization’s schedule of field-based marine science learning opportunities. The program will be called Sea Squirts, and will be offered through mid-April. Like the nonprofit’s classes for 6- to 13-year olds, Sea Squirts Day Camps will cover a different topic each week, and activities including crabbing, rock flipping, mud walks, and more… each class will be two hours long. More info and registration at www.sanibelseaschool.org or call 239-472-8585.

Just How Important Is a Bathtub for Resale?

From “Realtor®Mag” February 2018: “It’s long been believed that every home needs at least one bathtub to attract the widest group of buyers. But with increased interest in big, well equipped, walk-in showers, does a tub really matter that much?bathtub clip art

“Bathrooms reflect trends as much as any room in a house does. Back in the 1980s and ’90s, whirlpool tubs with multiple water jets were all the rage. They fell out of favor as many homeowners found they just didn’t use them as much as they expected to. Other users were frustrated by the time deeper tubs took to fill. Some tubs even posed health concerns due to piping that was tough to keep clean.

“The basic rectangular tub returned, although it was soon eclipsed by the oversized, deluxe shower, big enough for two and with multiple controls and rainfall heads offering a personalized experience.

“So where does this leave the bathtub? Many buyers still think they need one. But is this must-have really more akin to the desire for a separate dining room, in an era where families congregate, cook, and eat in their kitchens every day?

What About Walk-Ins?

“For the aging boomer population, the walk-in tub market continues to expand with more manufacturers offering new designs to serve their needs. The big challenge for this style is to remove the stigma of being a geriatric product, says Joe Pilato, vice president of sales and marketing for Hydro Dimensions, which helped to start the walk-in tub niche back in 2000. They offer 15 different models—most with built-in seats, easy-to-open doors, and a low threshold at the bottom—along with custom designs. “Buyers should make quality a high priority since they vary greatly from company to company,” Pilato says. He estimates fully installed designs range from $6,000 to $14,000 and says those who plan to age in place should also ensure they have a wide enough doorway to enter the bathroom using a wheelchair or walker. For real estate pros showing a listing with such a tub to younger buyers, Pilato suggests marketing it as a step-in spa.

The Must-Have POV

“Home appraiser Jonathan J. Miller, president of New York–based Miller Samuel, which tracks trends in 30 housing markets throughout the country, considers at least one bathtub a must. “The tub falls into the category of another commodity in a house. Sellers who have the most commodities—or amenities—win because their houses appeal to the widest audience and you’re always trying to expand the buyer pie,” he says.

“Los Angeles interior designer Erica Islas of EMI Interior Designs agrees, and says her clients want at least one tub or a tub-shower combination. “Some even add a bathtub before selling to improve the odds of resale,” she says. Kristie Barnett, a designer who founded The Decorologist and is a professional stager in Nashville, Tenn., is even more adamant about a tub’s importance. “There absolutely has to be at least one bathtub in any condo or home. When you sell, you’re also selling a lifestyle and having no tub will hinder a sale to most buyers,” she says.

“Research backs up the anecdotal evidence. Third-party market research firm Vital Findings, based in Culver City, Calif., found in a study commissioned by Jacuzzi Luxury Bath that 38% of U.S. residents bathe weekly and half of them are men.

another clip art bath“The need for at least one tub is most common among two specific homeowner groups. The first is young families with small children, since many parents consider a traditional tub safer than a shower, says Stephanie Mallios, a sales rep with Coldwell Banker Residential Brokerage in Short Hills, N.J. The second group is luxury home owners whose houses usually have multiple bathrooms….”

Here on the islands, unless the property is a 1-bedroom condo, a tub or tub/shower combo is a must. Big showers may be the rage, but where children and grandchildren are plentiful, and the beach is part of the lifestyle, a tub is an important and desired property feature.

Sanibel & Captiva Islands Multiple Listing Service Activity February 16-23, 2018

Sanibel

CONDOS

1 new listing: Sundial #Q404 2/2 $975K.

3 price changes: Mariner Pointe #1061 2/2 now $555.5K (our listing), Gulfside Place #222 2/2 now $1.15M, Compass Point #192 2/2 now $1.175M.

6 new sales: Blind Pass #D101 2/2 listed at $439K, Loggerhead Cay #332 2/2 listed at $474.5K, Sand Pointe #215 2/2 listed at $719K, Loggerhead Cay #134 2/2 listed at $995K, Sanibel Seaview #C2 3/3 listed at $1.15M, High Tide #B102 2/2 listed at $1.795M.

2 closed sales: Spanish Cay #A4 2/2 $360K, Blind Pass #D105 2/2 $407K.

HOMES

15 new listings: 317 East Gulf Dr 3/2 half-duplex $575K, 236 Hurricane Ln 2/3 $699K, 4439 Gulf Pines Dr 3/2 $725K, 978 Black Skimmer Way 3/2 $725K, 2073 Wild Lime Dr 4/3 $779K, 678 East Rocks Dr 3/2 $829K, 950 Cabbage Palm Ct 3/2 $848K, 3320 St. Kilda Rd 4/2.5 $1.049M, 852 Lindgren Blvd 4/3 $1.195M, 3832 Coquina Dr 3/4 $1.25M, 1743 Venus Dr 4/3.5 $1.67M, 2263 Starfish Ln 5/4.5 $1.699M, 4809 Tradewinds Dr 3/3.5 $2.395M, 1083 Bird Ln 4/2/1 $3.999M, 3767 West Gulf Dr 3/4.5 $7.995M.

23 price changes: 1438 Sandpiper Cir 3/2.5 half-duplex now $399.9K, 4542 Bowen Bayou Rd 3/2 now $460K, 972 Fitzhugh St 3/2 now $454.9K, 5299 Umbrella Pool Rd 3/2.5 now $519K, 9477 Peaceful Dr 3/2 now $527K, 4542 Bowen Bayou Rd 3/2 now $530K, 5306 Ladyfinger Lake Rd 3/2 now $539.9K, 984 Black Skimmer Way 3/2 now $575K, 1410 Sand Castle Rd 2/2 now $609K, 1190 Sand Castle Rd 3/2 now $635K, 1008 Demere Ln 2/2 now $615K, 753 Cardium St 3/2 now $655K, 585 Lake Murex Cir 3/2 now $699K, 1183 Kittiwake Cir 3/2 now $769.9K, 1043 Sand Castle Rd 3/2 now $799K, 5739 Pine Tree Dr 3/3 now $829K, 2490 Coconut Dr 3/3.5 now $848K, 5313 Punta Caloosa Ct 4/3 now $985K, 534 N Yachtsman Dr 3/2 now $1.3M, 2462 Wulfert Rd 4/4.5 now $1.75M, 2984 Wulfert Rd 3/3 now $1.8M, 6021 Sanibel-Captiva Rd 4/3/2 now $2.499M, 1561 San Carlos Bay Dr 3/4 now $2.5M.

7 new sales: 1806 Ibis Ln 3/2 listed at $679K, 1342 Junonia St 3/3 listed at $679K, 1245 Anhinga Ln 3/2 listed at $799K, 924 Beach Rd 3/2 listed at $895K, 6047 Sanibel-Captiva Rd 3/2.5 listed at $1.295M, 1475 Angel Dr 3/4.5 listed at $1.549M, 900 Snowberry Ln 4/3 listed at $2.995M.

3 closed sales: 1743 Jewel Box Dr 3/3.5 $1.2M, 900 Snowberry Ln 4/3 $2.9M, 4641 Belle Mer 3/2.5 $3.255M.

LOTS

1 new listing: 1226 Isabel Dr $1.995M.

3 price changes: 1550 Centre St now $199K, 1770 Dixie Beach Blvd now $694K, 6000 White Heron Ln now $795K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Sunset Captiva #204 2/2 now $1.195M.

No new or closed sales.

HOMES

No new listings

2 price changes: 11509 Chapin Ln 4/4 now $1,999,999; 16163 Captiva Dr 3/2 now $2.495M.

No new or closed sales.

LOTS

Nothing to report.

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

Until next Friday, hope you have enjoyable weather too! & pickleball, spaghetti, shells, & bath tubs! For island real estate, give SanibelSusan a call!

Susan Andrews

Little April Shower on Otherwise-Sunny Sanibel


Lighthouse 04-2017.jpg

It is SanibelSusan reporting the end of another week of fabulous weather and busy roadways on Sanibel and Captiva Islands. Yesterday, the area had just a little, but much-needed, rain in advance of a breezy cool front. Today and tomorrow, it is expected to be only in the mid-70’s. The forecast says it will be back to bright sunny days and temperatures in the high-70’s low-80’s right through Easter weekend, when the islands are expected to be even more packed with vacationing families. (Lee County Schools are off next week, too.)

SanibelSusan Realty

Sanibelsusan LogoHere at SanibelSusan Realty our listings had good showings this week. We had another nice closing yesterday (they all are nice) and I showed property over the weekend which resulted in an offer. Teammate Dave held Open Houses for the better part of two days and has been opening listings for showings too. Elise’s weekly report of the activity posted in the Sanibel/Captiva Multiple Listing Service, follows a few news items below.

Upcoming Spring Events

childrens ctrSaturday, Apr 15, 9 to 11 a.m. – 23rd Annual Spring Festival – at Sanibel Community Park (across from SanibelSusan Realty), sponsored by The Children’s Education Center of the Islands. A free Easter egg hunt for children by age group, begins at 9 a.m., followed by games, contests, crafts, rides, silent auction & more. A $10 armband allows a child unlimited fun in all activities. Proceeds will benefit the educational center’s scholarship fund and capital improvements.

Easter Basket No WordsSaturday, Apr 15, 11 a.m. to 1 p.m. – Sanibel Community Church Easter Egg Hunt – This year, the theme is Family Challenge. Huge board games will be set up. Families can play to win a Family Easter Basket so share. Also, preschool games, bounce house, cake walk, outdoor games, free lunch, and thousands of eggs to find for prizes.

SpringSaturday, Apr 15, 1 p.m. – 6th Annual Easter Eggstravaganza – at Island Inn with face painting & balloon animals, live mollusk touch tank, miniature & trick pony rides, Trouper the blind racoon, green screen photo booth, appearance from the Easter Bunny, & beach-front Easter egg hunt with $200 in golden eggs (for children under 12).

Sunday, Apr 16, 6:30 a.m. – Easter Sunrise Service on the Causeway (by Sanibel Community Church).

sanibel-sunrise

Pickleball Courts Now Open at Sundial

The largest pickle board facility in the area is now open at Sundial Beach Resort & Spa. With twelve Plexi-cushion courts and stadium seating, resort guests received complimentary court access and equipment rentals. Lessons and clinics are offered by an IPTPA certified resident pro. Memberships and daily passes are available to island visitors and residents.  More info at www.sundialresort.com/play or phone 888-889-5410.

pickleballWondering what pickleball is? Known here are the up-&-coming sport for baby boomers, here’s Wikipedia’s definition: “Pickleball is a racquet sport that combines elements of badminton, tennis, and table tennis. Two, three, or four players use solid paddles made of wood or composite materials to hit a perforated polymer ball, similar to a wiffle ball, over a net. The sport shares features of other racquet sports, the dimensions and layout of a badminton court, and a net and rules similar to tennis, with a few modifications. Pickleball was invented in the mid-1960s as a children’s backyard pastime but has become popular among adults as well.”

Federal Flood Maps

femaYou may remember that a few weeks ago, I mentioned that a gulf-front condominium complex near where I live had their Federal Flood Zone changed from the high-risk “V” velocity zone to the “A” zone.

On much of the island, any building located in a V or A zone is considered in a Special Flood Hazard Area that is lower than the Base Flood Elevation. The exact zone affects insurance costs so a change out of the “V” zone usually is a big deal.

Teammate Dave watches for flood zone revisions and pointed out last week that my area of Anchor Drive on Sanibel’s east end recently (on March 22) was issued a Letter of Map Revision which like the condo, moves it from Zone VE to Zone AE.

If you are wondering about a specific property and the zone. Here’s a link to the Federal Flood Maps. Just enter the address.

Resort & 2nd Home Market

Florida Realtors logoI am continually updating the class I teach each summer at the local Association of Realtors®. Here are a few changes I added this week.

“While the market may not be as robust as in previous years, Florida is still the No. 1 state for foreign buyers, according to the 2016 “Profile of International Home Buyers in Florida”, prepared for Florida Realtors® by the Research Division, National Association of Realtors®.

“Last year, says the study, the state drew 22% of the nation’s international residential market. And Florida is starting to look more attractive to foreign buyers from countries that don’t traditionally invest here.

“There are several trends that could impact sales, including government regulations in China, the value of the British pound, and political turmoil in Venezuela.

“It’s not just overseas issues that are in play: U.S. immigration policies, new air service, commercial investment opportunities, and residential developments also could affect decisions by international buyers and sellers – both positively and negatively. For instance, Emirates, the airline based in Dubai, launched daily flights between Dubai and Orlando in 2015 and added service to Fort Lauderdale last December. This could make the state more appealing to Mideast buyers.”

From “Florida Realtor”, the global edition, from the 2016 profile of international buyers in Florida, “Just the Global Facts”:

  • “Foreign buyer purchases of Florida residential properties decreased to $19.5 billion ($23.7 billion in 2015). This accounted for 19% of Florida’s residential dollar volume of sales (24% in 2015).
  • Foreign buyers purchased 47,000 residential properties (44,000 in 2015), which made up 12% of Florida’s residential market (12% in 2015 too.)
  • The average price of foreign buyer purchases declined to $412,000 in 2016 compared to $539,000 in 2015.
  • Latin American & Caribbean buyers accounted for the largest fraction of foreign buyers at 39%.
  • The top five countries of origin by dollar volume were Canada ($3.0 billion), Brazil ($2.8 billion), Venezuela ($1.5 billion), the United Kingdom ($1.4 billion) and Argentina ($1.4 billion).
  • The number of buyers from Venezuela declined significantly (18% in 2015, 8% in 2016), while the share of buyers from Canada increased (11% in 2015, 19% in 2016).
  • Foreign buyers purchased property across Florida, but they were concentrated in the Miami-Fort Lauderdale-West Palm Beach area (52%), Orlando-Kissimmee-Sanford area (12%), and Tampa-St. Petersburg-Clearwater area (8%).
  • 52% of foreign buyers bought a townhouse or condominium.”

Why Can’t Lawyers Give a Straight Answer?

justiceThe title of this article posted on line this week at “FloridaRealtors.org” caught my eye. Written by Joel Maxon, Director of Florida Realtors® Legal Services, it makes some good points.

Question: Why do lawyers pepper their conversations with words like maybe, probably and possibly, when I ask about an active legal dispute? It seems like lawyers don’t like straight answers. I just want to know which side is right and which side is wrong!

Answer: There’s an old lawyer’s adage that goes something like this: When the facts are on your side, pound the facts. When the law is on your side, pound the law. When neither is on your side, pound the table.

“In other words, a lawyer can almost always make multiple arguments on either side after hearing a set of facts. It’s just a question of how strong those arguments would be if the lawyer had to make them in a court of law. Trying to guess which side will win a case (though most cases settle before trial) has more in common with predicting the winner of a soccer match than answering a true or false question.

“How does this relate to the Florida Realtors Legal Hotline? If you’re asking who will win a contested legal battle based on a brief phone conversation, there’s a very good chance you’ll be disappointed when the lawyer is unwilling or unable to give an answer. We might be able to shed some insight on the world of contested litigation, but litigation is measured one step at a time in a move/counter system.

“If one party has decided to litigate, the factors below are often vital to understand – and they’re often more important than which side has better facts or stronger laws on their side:

  • How much money are the parties fighting over?
  • Which party is more stubborn?
  • Which party has more resources?
  • How skillful is each party’s lawyer?
  • Who will pay the cost of litigation?
  • How will the dispute be resolved – mediation, arbitration, litigation or some other forum?
  • What is the judge, jury or other decision maker like?
  • Is there a time when one side will give up – a month, a year, a decade?
  • Is there a time when the cost of litigation will cause one side to give up, such as $1,000 in attorney fees and costs, $10,000, or $100,000?
  • What procedural rules impact the case, such as a statute of limitations or specific venue where the lawsuit must be filed?

“Keep in mind that the parties are always welcome to settle the matter by agreeing to some sort of compromise, and you’re welcome to help with the settlement discussions. You even have a release and cancellation form available if the parties successfully resolve the dispute through conversation.

“However, avoid giving legal advice while you do so, and don’t volunteer phrases like “you have a strong case,” or “you are clearly in default,” even if the party you’re working with wants you to give legal advice.

It’s up to the parties to evaluate the strength of their case and decide whether to settle the matter through discussion or have their case heard by a third party, such as a court. If they choose the latter route, they must either represent themselves or hire a lawyer – and they would be well advised to think about questions like the ones above before they decide to litigate.”

Sanibel & Captiva Multiple Listing Service Activity March 31 – April 7, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Loggerhead Cay #463 2/2 $529K, Tarpon Beach #103 2/2 $799K, Shorewood #2D 3/2 $1.1M, High Tide #C201 2/2 $1.145M.

9 price changes: Tennisplace #E33 2/1.5 now $306K, Mariner Pointe #1412 1/1 now $334K, Seashells #38 2/2 now $363K, Seashells #11 2/2 now $393K, Sundial West #H209 1/1 now $429K, Mariner Pointe #712 2/2.5 now $463.5K, Sanibel Inn #3512 2/2 now $649K, Pointe Santo #B25 2/2 now $749K, High Tide #C101 2/2 now $1.095M.

5 new sales: Loggerhead Cay #443 2/2 listed at $549K, Sandy Bend #5 2/2 listed at $749.9K, Sanctuary Golf Villages I #5-2 3/3 listed at $789K, Loggerhead Cay #103 2/2 listed at $999K, Sundial East #T306 3/2 listed at $1.395M.

5 closed sales: Loggerhead Cay #253 2/2 $480K, Sundial East #O401 2/2 $675K, Nutmeg Village #303 2/2 $765K (our listing), Kings Crown #211 3/2 $828K, Somerset #A302 3/2.5 $1.85M.

View b

View from Nutmeg Village #303, just sold!

 

HOMES

3 new listings: 1317 Par View Dr 3/3 $649K, 587 Sea Oats Dr 3/2 $685K, 4257 West Gulf Dr 5/4.5 $4.95M.

14 price changes: 5292 Umbrella Pool Rd 3/2 now $599K, 5297 Punta Caloosa Ct 3/2 now $625K, 5105 Sanibel-Captiva Rd 4/3 now $639K, 3784 Coquina Dr 4/2 now $659.95K, 1295 Par View Dr 3/2 now $675K, 601 Sea Oats Dr 3/2 now $687K, 1710 Sand Pebble Way 3/2 now $689K, 1717 Sand Pebble Way 3/2 now $689K, 1656 Middle Gulf Dr 3/4 now $1.15M, 1426 Causey Ct 3/2.5 now $1.349M, 769 Pyrula Ave 3/3.5 now $1.35M, 2451 Blind Pass Ct 4/4.5 now $1.899M, 1528 San Carlos Bay Dr 3/3 now $1.995M, 514 Kinzie Island Ct 4/5 now $2.195M.

4 new sales: 2507 Blind Pass Ct 3/3 listed at $1.495M; 4428 Waters Edge Ln 3/2.5 listed at $1,149,999; 6192 Henderson Rd 4/4 listed at $1,999,999; 3869 West Gulf Dr 6/7/2 listed at $8.975M.

7 closed sales: 984 Greenwood Ct 3/2 half-duplex 3/2 $455K, 1386 Sand Castle Rd 3/2 $770K, 1683 Bunting Ln 3/3 $730K, 608 Boulder Dr 3/3 $830K, 1146 Buttonwood Ln 3/3 $945K, 3944 West Gulf Dr 3/3 $1.05M, 2143 Starfish Ln 3/3.5 $1.375M.

LOTS

No new listings or price changes.

1 new sale: 9066 Mockingbird Ln listed at $380K.

1 closed sale: 2626 Coconut Rd $225K.

Captiva

CONDOS

No new listings.

1 price change: Beach Villas #2525 2/2 now $639K.

1 new sale: Sunset Beach Villas #2324 2/2 listed at $625K.

4 closed sales: Tennis Villas #3111 1/1 $248K, Bayside Villas #5204 1/2 $310K, Tennis Villas #3131 2/2 $405K, Marina Villas #908 2/2 $781K.

HOMES

No new listings.

2 price changes: 14980 Binder Dr 4/3 now $1.248M, 14860 Mango Ct 5/4 now $1.995M.

No new sales.

1 closed sale: 16910 Captiva Dr 4/4 $4M.

LOTS

Nothing to report.

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

Until next Friday, below is a photo taken Sunday night (April 3)  from Redfish Pass aboard the Lady Chadwick’s sunset cruise, overlooking the gulf.  North Captiva is on the right.

Looking to take one of these cruises yourself? They sail out of McCarthy’s Marina. More info at CaptivaCruises.com

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

sunset 04-03-17

Mid-December on Sanibel/Captiva


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

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

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

i-wear-flip-flops-in-winter

Sanibel & Captiva Islands Association of Realtors®

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

Pro Stds 12-14-16.jpg

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

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

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

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

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

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

Sundial Beach Resort & Spa Has Pickleball Coming

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

2016-sundial-pickleball

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

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

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

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

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

Update on Sanibel Community House

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

Holiday Happenings

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

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

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

2017 Investing: Turbulent Market, Lots of Opportunity

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

sancap GO MLS logoSanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

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

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

No new or closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

No new listings.

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

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

No closed sales.

LOTS

No new listings or price changes.

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

No closed sales.

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

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

Susan Andrews, aka SanibelSusan