It Was a Banner Week at SanibelSusan Realty

Whew, it was another busy real estate week on sunny Sanibel & Captiva Islands. A front passed through the area last night bringing picture-perfect weather today which is expected to continue through the weekend. Another big renter/visitor turn-over is expected tomorrow, though not as many as last weekend. We have also heard of several winter residents heading home to finish their taxes (what a terrible reason to leave the islands). 

Here at SanibelSusan, we are smiling. It was a 3-closing morning and a good week for sales. Our terrific buyers and sellers are much appreciated.

Now that three months of stats are behind us, it is interesting to see that average condo and home prices are beginning to tick up. Please don’t give too much credence to these numbers though as big sales can and have skewed the averages. Prices in most complexes and communities continue to drop as evidenced by the weekly report of MLS activity below. Here are Sanibel sales posted in the islands MLS for the period January 1 to April 1, this year compared to last:

            Condos                                 Homes                                      Lots

            # Sold   Avg Sale Price   # Sold   Avg Sale Price  # Sold  Avg Sale Price

2010     30         531,976             36         710,268            6          310,000

2011     37         688,506             50         774,954            5          299,500  

They Still Love Us

I read an interesting article this week in the Florida Realtor® monthly magazine:

“Sure it’s been a tough few years for Florida real estate, but the growing importance of foreign homebuyers has offset some of the damage. Roughly two out of every three Realtors® in the state had at least one international transaction within the past year. The National Association of Realtors® in cooperation with Florida Realtors®, conducted a survey of Florida members, asking them about their experience working with international customers. Here are the highlights:

  • Half the respondents said that international customers accounted for 25% of their business or less; 15% reported that international buyers accounted for more than half of their business.
  • 51% of the international customers purchased a detached single-family home; 37% a condo; 11% a town house, and 1% some other type of home.
  • 38% purchased property in a suburban area, 30% in a resort area, 25% in a central city, and 7% in a small town or rural area.
  • 15% plan to use their property less than one month per year; 21%, one to two months; and 34% three to six months.”

In comparing these stats to my business, so far this year I have had three transactions out of 13 (23%) with foreign buyers/sellers. Last year, out of 24 transactions, four (17%) were non-U.S. Hopefully my certification last fall for transnational referrals will boost these numbers too. Canada, Europe, and Latin America are the three largest global sources of Florida Buyers.

With most of our island sales to move-up buyers, or folks who already own here, our local advertising and frequent mailings continue to be our biggest business source. Next week, we hope to report another internet venue that is working on posting our listings now. Stay tuned.

Sanibel & Captiva MLS Activity March 25 – April 1:



5 new listings: Sundial #G104 2/2 $549K, Pointe Santo #C35 3/2 $879K, Villas of Sanibel #A202 3/3 $995K, Sundial #K103 2/2 $1.1M, Sedgemoor #103 3/3.5 $2.85M.

14 price changes: Mariner Pointe #1062 2/2 now $320K, Sundial #G107 1/1 now $320K, Spanish Cay #C1 2/2 now $374.5K, Loggerhead Cay #333 2/2 now $419K, Sundial R203 2/2 now $535K, Loggerhead Cay #574 2/2 now $549K, Shell Island Beach Club #7B 2/2 now $599K, Pointe Santo #D42 2/2 now $599K, Loggerhead Cay #411 2/2 now $649K, Pointe Santo #D2 2/2 now $665K, Sunset South #4A 2/2 now $719K, Sundial #K205 2/2 now $825K, Pointe Santo #A35 2/2 now $949K, Pointe Santo #C3 3/2 now $949K.

4 new sales: Sundial #P301 2/2 listed for $599K (our listing), Sunset South #4A 2/2 $719K, Janthina #3A 3/2 listed for $1.375M, Sedgemoor #201 3/3.5 listed for $2.495M (our listing).

7 closed sales: Mariner Pointe #733 2/2 $289K (our listing), White Caps South #7 1/1 #335K, Sundial #Q205 3/2 $665K, Janthina #1B 3/2 $900K (our buyer), Sundial #N204 2/2 $950K (our listing), Atrium #205 3/2 $1.15M, Dosinia #D3 3/3 $1.3M.


6 new listings: 9248 Belding Dr 3/2 $295K; 976 Greenwood Ct S 3/2.5 half-duplex $349K; 480 Peachtree Rd 3/3 $659K; 231 Daniel Dr 3/2.5 $789,987; 3050 West Gulf Dr 3/2.5 $799K; 4781 Tradewinds Dr 3/2 $1.995M. 

15 price changes: 1425 Sandpiper Cir 2/2 half-duplex now $359K; 978 Greenwood Ct S 3/2.5 half-duplex now $379K; 1027 Sand Castle Rd 2/2 now $399K (short sale); 1291 Par View Dr 3/2 now $525K; 1674 Bunting Ln 3/2 now $553K; 4573 Bowen Bayou Rd 3/2 now $598K; 280 Southwinds Dr 3/3.5 now $599K; 4797 Rue Helene 3/2 now $599.9K; 4714 Rue Belle Mer 3/2 now $649K; 728 Anchor Dr 4/3 now $699,999; 1538 Royal Poinciana Dr 3/3 now $795K (short sale); 1172 Kittiwake Cir 5/3 now $995K; 1558 San Carlos Bay Dr 2/2.5 now $999,999; 2294 Wulfert Rd 4/4 now $1.149M; 785 Birdie View Pt 3/2.5 now $1.2M.

2 new sales: 1148 Shell Basket Ln 4/2 duplex listed for $398K, 1740 Middle Gulf Dr 4/3 listed for $735K.

6 closed sales: 446 Lagoon Dr 2/2 duplex $310K (short sale), 9428 Moonlight Dr 3/2 $460K, 799 Conch Ct 3/2.5 $729K (short sale), 5729 Baltusrol Ct 3/3.5 $1.025M, 4617 Rue Belle Mer 4/3 $1.95M, 3745 West Gulf Dr 4/4.5 $5M (our buyer).


No new listings.

1 price change:  1114 Seagrape Ln now $575K.

No new or closed sales.



2 new listings:  Tennis Villas #3216 1/1 $280K, Sunset Beach Villas #2224 2/2 listed for $659K.

1 price change:  Beach Villas #2613 1/1 now $485K.

No new or closed sales.


No new listings.

4 price changes: 56 Sandpiper Ct 2/2.5 now $765K, 11550 Laika Ln 4/3.5 now $1.495M, 16171 Captiva Dr 4/4.5 now $1.745M, 16237 Captiva Dr 5/5.5 now $3.225M.

3 new sales: 11536 Andy Rosse Ln 3/3 listed for $1.5M, 6 Sunset Captiva Ln 3/2 listed for $1.875M, 16778 Captiva Dr 4/3 listed for $3.995M.



Nothing to report.


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

Sanibel & Captiva Real Estate Scoop on New Year’s Eve

Like last Friday, the rest of the SanibelSusan gang is off today enjoying their last holiday until Memorial Day (bet they won’t like it that I mentioned it that way). I had a busy morning in the office with nice visits from some clients in town enjoying their holiday island-style, good progress on a couple of sales in-the-works, and a couple of real estate inquiries. This afternoon, however, it’s been pretty quiet. I think the New Year festivities have begun. Here is some island scoop, followed by the MLS action for the week.

Warm End to 2010 & Start of 2011

The month of December will likely go down as one of the coolest on record in SW FL. In the Fort Myers area, there were 22 morning low temperatures in the 40’s & 30’s. Daytime highs all month were running below average nearly every day. After a few very cold mornings the first half of this week, we were back to “normal” yesterday with highs in the mid-70’s. Today through the weekend, lows will be in the upper 50’s and highs in the upper 70’s. Just the way we like it for bringing in the New Year! I even turned the AC back on in the office this afternoon.

Island Stuff To Do

Tomorrow at high noon, the Sanibel-Captiva Polar Bear Club takes their 11th annual plunge at Tarpon Bay Beach. They hope to break their previous attendance record of 229. It’s free, but go early to check in.

More than recreation and fitness classes are offered at The Sanibel Recreation Center. Here’s a good one coming up on Sunday, Jan 9, noon to 4 p.m. – American Red Cross Pet First Aid Course. This class offers the skills needed for unexpected pet emergencies until you can get the pet to a veterinarian. See more details at

The Modulators Again at ‘Tweenies: For the last 20 years during the first two weeks of January, the Modulators have made their annual pilgrimage from Cincinnati to Captiva to rock The Crow’s Nest at ‘Tween Waters. This year is no exception. They are already there.

Recap of Island Sales in 2010

With several properties closing today, these may not be the final stats for 2010, but they are pretty close and include all of the sales posted in the Sanibel & Captiva Island Multiple Listing Service as of 2 p.m. on New Year’s Eve. For those wondering how these sales stack up to 2009, I have posted some comments in (parenthesis) after each property type.

121 SANIBEL HOMES sold at an average sale price of $775,172, averaging 314 days on market:

            3 bay-front homes, averaging $1,352,708 & 336 days on market

            2 bayou-front homes, averaging $1,005,000 & 361 days on market

            23 canal-front homes, averaging $962,598 & 315 days on market

            5 gulf-front homes, averaging $2,481,000 & 291 days on market

            28 inland homes, averaging $510,265 & 459 days on market

            60 near-beach homes, averaging $648,259 & 255 days on market.

(In 2009, 144 Sanibel homes sold, averaging $755,033 & 278 days on market. So though not quite as many homes have been reported closed this year, the average price is creeping up a little.)

120 SANIBEL CONDOS sold at an average sale price of $608,545, averaging 381 days on market:

            6 bay-front condos, averaging $489,433 & 550 days on market

            3 canal-front condos, averaging $288,333 & 248 days on market

            89 gulf-front condos, averaging $684,042 & 387 days on market

            6 inland condos, averaging $577,334 & 426 days on market

            16 near-beach condos, averaging $365,295 & 308 days on market.

(In 2009, 87 Sanibel condos sold, averaging $670,489 & 338 days on market. Condo prices still seem to be dropping in come complexes, but the good news is that a lot more condos have sold than last year, almost 40 percent more.)

20 SANIBEL LOTS sold at an average sale price of $341,250, averaging 483 days on market:

            1 bayou-front lot for $595,000 on market for 267 days

            1 gulf-front lot for $1,349,000 on market for 63 days

            1 inland lot for $310,000 posted for statistics only

            17 near-beach lots, averaging $274,118 & 661 days on market.

(In 2009, 11 Sanibel lots sold, averaging $333,136 & 414 days on market. Lot sales are still dropping too, but the number of lot sales have almost doubled over last year.)

10 CAPTIVA HOMES sold at an average sale price of $2,258,260, averaging 357 days on market:

            3 bay-front homes, averaging $3,879,167 & 354 days on market

            1 gulf-front home for $2,999,000 on market for 417 days

            5 near-beach homes, averaging $1,389,000 & 405 days on market

            1 Roosevelt Channel home for $2,350,000 on market for 65 days.

(In 2009, 16 Captiva homes sold, averaging $2,573,016 & 321 days on market. Both the number of home sales and average home sale price on Captiva are down.)

26 CAPTIVA CONDOS sold at an average sale price of $685,730, averaging 300 days on market:

            8 bay-front condos, averaging $543,886 & 388 days on market

            2 canal-front condos, averaging $437,500 & 312 days on market

            12 gulf-front condos, averaging $821,492 & 274 days on market

            4 near-beach condos, averaging $686,250 & 194 days on market.

(In 2009, 22 Captiva condos sold, averaging $804,818 & 361 days on market. This shows a big drop in average sale price over last year, but 4 more condos sold.)

2 CAPTIVA LOTS sold at an average sale price of $2,850,000, averaging 284 days on market, both gulf-front. (In 2009, 3 Captiva lots sold, averaging $2,241,667 & 630 days on market. Not many vacant lots are left on Captiva, so these numbers really don’t tell much. There are 14 more on the market now.)

Sanibel & Captiva MLS Activity December 24-31:



1 new listing: Atrium #101 3/3 $989K.

8 price changes: Sundial #C208 1/1 now $345K, Sundial #H409 1/1 now $419K, Sanibel Arms West #L7 2/2 now $475K, Loggerhead Cay #361 2/2 now $499K, Pointe Santo #D36 2/2 now $599K, Snug Harbor #212 2/2 now $625K, Sundial #Q205 3/2 now $699K, Pelicans Roost #104 2/2 now $749K.

2 new sales: Island Beach Club #220C 2/2 listed for $529K, Heron at The Sanctuar7 III #2B 2/2.5 listed for $634.9K.

3 closed sales: Pointe Santo #D41 2/2 $720K, Compass Point #112 3/3 $915K (our listing), Sandals #C 3/3 $1.635M.


4 new listings: 2621 San Cap Rd 3/2 $290K; 987 Black Skimmer Way 2/2 $625K; 3061 Poinciana Cir 3/2 $749,749; 4164 West Gulf Dr 4/4 $1.995M.

9 price changes: 4109 San Cap Rd 2/1 now $219K (short sale), 1663 Bunting Ln 3/2 now $384K (short sale), 1809 Farm Trail 3/2 now $479.9K; 566 Boulder Dr 3/2 now $569.9K, 1278 Sand Castle Rd 4/3 now $699K (short sale), 1148 Harbour Cottage Ct 3/3 now $789K, 1019 Lindgren Blvd 3/2 now $849K, 600 N Yachtsman Dr 3/2.5 now $1.139M (short sale), 2969 Wulfert Rd 6/6/2 now $3.9M. 

5 new sales: 1105 Skiff Pl 3/2 listed for $484K, 9127 Mockingbird Dr 4/2.5 listed for $597K, 5690 San Cap Rd 3/3 listed for $674.9K, 709 Heather Ln 5/3 listed for $699.9K, 3894 West Gulf Dr 4/3 listed for $799K.

3 closed sales: 4516 Bowen Bayou 4/2.5 $545K, 829 Pyrula Ave 3/3 $1.071M, 885 Limpet Dr 3/3 $1.55M. 


No new listings.

1 price change: 9277/9283 Belding Dr now $195K.

No new or closed sales



1 new listing: Captiva Shores #3A 3/2.5 $699K.

No price changes.

No new sales.

2 closed sales: Sunset Beach Villas #2314 2/2 $515K, Beach Villas #2532 2/2 $720K.


Nothing to report.


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.)

As 2009 comes to an end, thanks for reading my blog.

Happy New Year and best wishes from all of us at The SanibelSusan Team for a healthy, prosperous, and safe 2011.