Fall Sanibel/Captiva Real Estate Market Update


 

Beach Path.jpgIt’s SanibelSusan, again reporting another week of wonderful fall island weather – sunny days with temperatures mostly in the 80’s. A cool front arriving tonight is expected to bring our first day – in a long time – of temps under 80 with more perfect weather expected right through the weekend and into next week.

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Sanibel & Captiva Islands Association of Realtors®

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Sanibel & Captiva Islands Association of Realtors President-Elect Joel Goodman & President Lori Pierot with SCCF’s Natural Resource Policy Director Rae Ann Wessel & Executive Director Erick Lindblad.

There was no local Realtor Caravan® Meeting this week, but the Sanibel & Captiva Islands Association of Realtors® yesterday announced presentation of a $4,500 check to the Sanibel-Captiva Conservation Foundation to help their efforts in providing guided tours of the Caloosahatchee and estuary to provide members of the public the opportunity to gain a personal experience and perspective on the river and the Everglades – its history, folklore, issues, and solutions. These are local RPAC (Realtor Political Action Committee) funds put to good use educating our community on the importance of a healthy ecosystem.

SanibelSusan Realty Associates

Sanibelsusan LogoWith the island picking up, I was out showing homes both Monday and again this morning, while teammate Dave held a condo open house on Wednesday. Several of our listings had showings this week too, with the activity posted in the Sanibel & Captiva Islands Multiple Listing Service below, after a couple of news items.

Market Update After 3rd Quarter 2016

statisticsNow that three-quarters of 2016 are over, it appears that Southwest Florida real estate sales this year will fall short of 2015. A recent article posted by an off-island “News-Press” Market Watch expert said:

  1. “Median home prices in Lee County are flat, down slightly in Collier County.
  2. The number of home sales in Lee County is down 17%,18% in Collier.
  3. Condo sales are down over 20%.
  4. $1 million+ market is down 13%.”

He also said “This is not a “lack of inventory” situation, as most non-sweet-spot segments are down or flat, except the $500-$1M range in Collier. That segment is up 9%. These numbers aren’t negative, they just “are”. SWFL is still the place to live, work or play.”

So how do Sanibel and Captiva sales compare in a similar analysis? The below statistics illustrate that though the islands officially are part of Lee County, in many ways, it is a totally different world here where there is less inventory and prices vary hugely. Compared to the same period last year (January 1 to October 20), this year:

  1. Median home prices on Sanibel are up 65%, up 84% on Captiva.
  2. The number of home sales on Sanibel is down 27%, but up 15% on Captiva.
  3. Condo sales are down over 15% on Sanibel, 50% on Captiva.
  4. $1 million+ market is down 10% on Sanibel, 28% on Captiva.

Going into season, there still are fewer condos and homes for sale on Sanibel than already have sold this year. The reverse is true on Captiva, where inventory is low, yet exceeds this year’s demand.

Upcoming Island Events

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Here’s an oldie from Bailey Fest 2012.

31st Annual Bailey Fest – is Sunday, 10/23 from noon until 4 p.m. Free & open to the public. If you are there for the opening event act, you will hear the BIG ARTS Community Chorus with yours truly in the alto section.

 

tween-waters-2016Hallo’Tween 2016 – is Saturday, 10/29 from 8 p.m. to 2 a.m., adult Halloween costume party at ‘Tween Waters with prizes awarded at midnight.halloween-kids

 

 

 

Trick or Treat Monday – 10/31 from 4 to 6 p.m. from vehicle trunks in the parking lot at Sanibel Community Church. Safe family fun with bounce houses and games, plus treats.

Cast Net Rodeo MCC-1-Esperanza_Woodring_-_Painted_Pants.jpg23rd Annual Esperanza Woodring Memorial Cast Net Rodeo – Saturday 11/5 with lessons at 8:30 a.m. & competition beginning at 9:30 a.m. www.baitboxsanibel.comSCCF logo

 

 

2016 Wines in the Wild – Saturday 11/5, SCCF fundraiser, held for the first time at SCCF’s Bailey Homestead Preserve from 5 to 7 p.m.

Inaugural Sanibel Blues & Jazz Festival sponsored by the Sanibel-Captiva Optimist Club– is Sunday, 11/6 at Bailey’s Center from 1 to 7 p.m. Limited tickets, but some still available. http://www.sanibelbluesandjazzfest.org

Local Politics

Ding Darling Society logoFor Florida registered voters, the J.N. “Ding” Darling Wildlife Society and SanibelSusan ask that you vote to help conservation:

Vote “Yes” on Conservation 20/20 which is an opportunity to help safeguard Lee County’s long-term economic and environmental sustainability and quality of life by continuing to protect the county’s exceptional natural resources, yet without increasing taxes.

Vote “No” on Amendment 1 which is a deceptively-worded amendment that creates barriers for future solar power competition and slows solar use for the future. Help keep solar rights in your own hands, not in those of the utility companies.

Sanibel & Captiva Islands Multiple Listing Service Activity October 14-21, 2016sancap GO MLS logo

Sanibel

CONDOS

7 new listings: Sundial West #C310 1/1 $439K; Blind Pass #F106 2/2 $459,999; Coquina Beach #3C 2/2 $479K; Sundial West #D304 1/1 $549K; Seawind #A103 2/2.5 $564K; Kings Crown #211 3/2 $899K; Golden Beach #2 3/2.5 $1.499M.

1 price change: Coquina Beach #4C 2/2 now $449.9K.

3 new sales: Casa Blanca #8 1/1 listed at $259,989; Mariner Pointe #943 2/2.5 listed at $595K; Sundial #P205 2/2 listed at $780K.

No closed sales.

HOMES

6 new listings: 2074 Wild Lime Dr 3/2 $579K, 3918 Coquina Dr 3/2.5 $939K, 1747 Jewel Box Dr 3/2 $1.175M, 6101 Starling Way 3/4 $1.295M, 2302 Wulfert Rd 4/5 $1.595M, 1743 Venus Dr 4/3.5 $1.799M.

1 price change: 4449 Waters Edge Ln 3/3 now $4.495M.

2 new sales: 615 Hideaway Ct 3/2.5 listed at $1.195M, 3675 West Gulf Dr 3/2 listed at $3.3M.

5 closed sales: 956 Dixie Beach Blvd 2/1 $305K, 5749 Pine Tree Dr 3/3 $610K, 9468 Peaceful Dr 3/2 $739K, 1112 Olga Ave 6/2.5 duplex $849.5K, 3792 Coquina Dr 3/3 $987.5K.

LOTS

3 new listings: Island Inn Rd $189,555; 4954 Joewood Dr $499K, 6053 Sanibel-Captiva Rd $1.395M.

1 price change: 976 Whelk Dr now $719K.

No new sales.

2 closed sales: Sabal Sands Rd $250K, 5290 Punta Caloosa Ct $265K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #4102 1/2 listed at $305K.

No closed sales.

HOMES

2 new listings: 15161 Captiva Dr 4/3.5 $2.295M, 16181 Captiva Dr 5/5 $2.95M.

2 price changes: 16167 Captiva Dr 4/3 now $1.735M, 16177 Captiva Dr 2/2 now $3.45M.

No new or closed sales.

LOTS

Nothing to report.

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

enjoy-weekendUntil next Friday, enjoy your fall weather & remember to call The SanibelSusan Team if we may help you with island real estate!

Susan Andrews, aka SanibelSusan

Fall “Really” Has Come to Sanibel & Captiva Islands


Heading to the Sanibel Lighthouse this afternoon

After hair-raising rainstorms on Monday and Tuesday as a couple of what the weathermen called “cool fronts” passed through the area, Sanibel and Captiva weather finally cleared yesterday. Today the skies are bright with temperatures now in the high 60s. Right through the weekend, island temperatures are supposed to reach daytime highs of only 76 degrees. Yippee! Now begin the very best six months of weather in Southwest Florida – when we watch the up-north forecasts, grin, and look forward to more business.
 

This is the pond just inside Casa Ybel resort between the parking area & Thistle Lodge

(These photos were taken this afternoon and show the residual effects of the extra rain in the ponds at Casa Ybel Resort – more water in them than normal for this time of the year.)

This is the pond just inside Casa Ybel resort between the parking area & Thistle Lodge

Tarpon Bay Explorers

The events during “Ding” Darling Days this week and which wind up tomorrow were a good reminder of the many eco-tours offered through Tarpon Bay Explorers at the end of Tarpon Bay Road and overlooking the J.N. “Ding” Darling National Wildlife Refuge. Here is a quick summary:

  • Kayak Tours – kayak with a naturalist through the mangrove forest along the Commodore Creek water trail. Learn about the rich back-bay ecosystem and the wildlife that lives there. Or, go as the sun goes down on a paddle to the Rookery Islands when hundreds of birds – egrets, herons, ibis, cormorants, and pelicans – come to roost for the night. Also a great vantage point for witnessing those famous Sanibel sunsets.
  • Nature Cruises – Aboard a quiet environmentally-friendly covered pontoon boat, these cruises offer a way to observe the rookery islands and birds, the mangrove estuary, and the refuge while looking for dolphins and manatees. Breakfast, daytime, and evening cruises usually are available.
  • Refuge Tram Tour – Accompanied by experienced naturalists to help you spot wildlife, these tours follow the road through the Refuge, meandering past tidal mudflats and mangrove forests. Expect to spot roseate spoonbills, white ibis, herons, egrets, pelicans, osprey, and other colorful birds feeding, resting, and preening. The presentations include fascinating tales of the Calusa Indians and the early days of the Sanibel and south Florida.
  • Also available are fishing charters; pontoon, kayak, canoe, and bicycle rentals, plus a nature-inspired gift shop.

Do’s & Don’ts for Great Customer Service

One of the best compliments that SanibelSusan Realty receives on our “feedback” forms that Elise mails out after transactions are closed, is that our customer service is top notch. There was a recent Realtor® magazine article that sums up the “do’s” and “don’ts” of customer service. It fits the bill:

DO…

…ask clients questions about their goals, needs, and dreams.

…be proactive. Call clients before they call you.

…what you say you will do – and more.

…be a problem-solver.

…keep a list of service providers such as handymen and cleaners.

…ask for feedback at the end of every transaction.

…keep smiling.

DON’T…

…let web sites, e-mail, and other technology substitute for personal contact.

…prospect until after your customer care tasks are done.

…be available 24/7. It is OK to set reasonable limits.

…worry that you are wasting your time.

 

Another New Sanibel Event

Osprey photo taken by Jim Anderson of JMA Photography

Be sure to check our “Upcoming Events” tab above for the many happenings already scheduled this winter. This list keeps getting longer…and longer. Another one was added this week when the Clinic for Rehabilitation of Wildlife (CROW) announced a new event to coincide with the start of osprey breeding season. Did you know that ospreys return to the islands in the fall? Much like the snowbirds they come back to get their nests in order and settle in for the winter and spring. In Southwest Florida, ospreys start incubating their eggs in mid-January, so CROW this year has decided to celebrate these wonderful birds with a new event called “OspreyFest”. It will be on January 15 and features CROW’s “Story of Ospreys” presented by Sanibel’s former mayor and founder of the International Osprey Foundation, “Bird” Westall; Claudia Burns, longtime CROW volunteer; and Dave Horton, illustrator of “Look Who’s Flying”, an educational coloring book about ospreys and creator of the Hortoons seen in many island locations. Space is limited at Sanibel’s historic Island Inn, so sign up early for the 4:30 p.m. festivities which also include a silent auction of osprey-related items and a three-course dinner. All proceeds will go toward the care and feeding of wildlife patients at CROW.

Osprey nest on the road to the Sanibel Lighthouse

(The osprey nest shown here is on the road leading to the Sanibel Lighthouse. Look closely and you will see the osprey that just landed on the nest as I was passing by today. The close-up osprey photo is courtesy of Jim Anderson with JMA Photography. Jim takes many of our listing photos and provided us with this one when he filmed the osprey nest just opposite our listing at Seashells of Sanibel #37, which is available for $274,000. A great price considering the special view!)

BaileyFest on Sunday

Photo from BaileyFest 2010

If you are in town, be sure to catch BaileyFest at Bailey’s Shopping Center on Sunday from 1 to 4 p.m. The Sanibel School fifth grade essay winners on “Why Sanibel Is Special To Me” have already been crowned King and Queen and will be riding wearing all of their regalia in a mule-drawn carriage. There will be plenty of food, drink, family fun, and entertainment including the Country Rhythm Cloggers who have performed at Dollywood and DisneyWorld, local vocalist Frank Tornio singing Frank Sinatra and Tom Jones tunes, our local pal Jennifer Valiquette on sax, The Sanibel School Band, the Kellyn Celtic Arts Irish Dance Academy, and the BIG ARTS Sanibel Chorus. Chorus has only had one practice since last spring – and it was during the big rain storms on Tuesday night – so we may not be back to true form but will give our best at 2 p.m. singing “Hey, Look Me Over”, “Va Pensiero”, and the Israel “IZ” Kamakawiwo’ole version of “Over the Rainbow/What a Wonderful World”.

Sanibel & Captiva MLS Activity October 14-21

Sanibel
CONDOS
6 new listings: Spanish Cay #D6 2/2 $329K, Sundial #H308 1/1 $395K, Loggerhead Cay #332 2/2 $425K, Island Beach Club #320F 2/2 $429K, Sandpiper Beach #103 2/2 $595K, White Pelican #111 2/2 $1.085M.
5 price changes: Sanibel Arms West #K3 2/2 now $448K, Seawind #109 2/2 now $479.5K, Sandpiper Beach #303 2/2 now $610K, Gulf Beach #207 2/2 now $739K, Sayana #202 now $869K.
3 new sales: Sanibel Arms #E6 1/1 listed for $214.9K; Sanibel Moorings #1312 2/2 listed for $399,999, Loggerhead Cay #174 2/2 listed for $749K.
2 closed sales: Mariner Pointe #1062 2/2 $279K, Sayana #302 2/2 $865K.
 
HOMES
3 new listings: 5745 Pine Tree Dr 2/1 $435K, 1236 Par View Dr 3/2.5 $794.9K, 413 Bella Vista Way 4/4 $1.95M.
11 price changes: 9239 Kincaid Ct 2/2 now $249K; 1212 Middle Gulf Dr 2/2 now $339K; 1647 Sand Castle Rd 3/2.5 half-duplex now $369K; 3145 Twin Lakes Ln 3/3 now $479,974; 987 Black Skimmer Way 2/2 now $555K; 1287 Par View Dr 3/2 now $789.9K; 1433 Sanderling Cir 4/3 now $799.9K; 913 Kings Crown Dr 4/3 now $1.249M; 660 Anchor Dr 4/4 now $1.949M; 4701 Rue Belle Mer 4/4 now $2.65M; 1290 Isabel Dr 6/4.5 now $4.499M.
6 new sales: 1046 Sand Castle Rd 2/2 listed for $395K, 480 Peachtree Rd 3/3 listed for $549K, 1538 Royal Poinciana Dr 3/3 listed for $685K (short sale), 1182 Kittiwake Cir 3/3 listed for $719.9K, 1251 Seagrape Ln 3/3 listed for $2.196M, 3577 West Gulf Dr 3/3.5 listed for $3.325M.
3 closed sales: 998 Greenwood Ct 3/2.5 half-duplex $300K, 5659 SanCap Rd 2/2 $525K, 4628 Rue Belle Mer 3/3 $687.5K.
 
LOTS
1 new listing: 1450 Tahiti Dr $269,555.
No price changes or new/closed sales.
 
Captiva
CONDOS
No new listings.
1 price change: Beach Villas #2516 1/1 now $449K.
No new or closed sales.
 
HOMES
No new listings.
6 price changes: 53 Sandpiper Ct 2/2.5 now $679K, 11521 Laika Ln 3/3 now $1.445M, 16205 Captiva Dr 4/4 now $1.975M (foreclosure), 15158 Wiles Dr 5/4 now $1.995M, 16238 Captiva Dr 5/4.5 now $3.999M, 16310 Captiva Dr 4/5.5 now $4.6M.
No new sales.
1 closed sale: 11550 Laika Ln 4/3.5 $1.4M.
 
LOTS
No new listings.
1 price change: 1114 Schefflera Ct now $499K.
No new or 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 the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions. If your property currently is listed with another broker, this is not intended as a solicitation of that listing.

Until next Friday, here’s hoping you are enjoying fall in your neck of the woods too.

SanibelSusan