Sanibel Sharing, Singing, Shelling, Sales, & Scoop


Sanibelcityseal logoFamilies on spring break are on Sanibel – or at least those wanting an environmentally-fun outdoor vacation with fabulous weather. Traffic is challenging with the City encouraging no unnecessary travel from 3 to 7 p.m. That’s what happens in “peak” season. The City traffic app showing the cameras at the intersections helps us plan our routes which always includes turning “right”, not left.

At SanibelSusan Realty Associates

Sanibelsusan LogoThe team and I got our Friday work done early this week to give me time to run home and change for our BIG ARTS Community Chorus Spring Concerts. Singers were/are required to be on-stage for pre-performance warm-ups at 6 p.m. and with the traffic being iffy, extra time was anticipated. It took me 45 minutes last night at 5 p.m. to drive the 3 miles from my east-end home to get back to BIG ARTS. Hopefully, it will be easier tonight. Last night’s performance was a sell-out!

Chorus Pic spring 2018.jpgThese concerts were early this year because the buildings at the BIG ARTS campus on Dunlop Road will be coming down in just a few weeks when the construction project for the new facility begins. Next year, when the new performance hall is complete, the entire chorus will fit on the stage and the audience will enjoy more comfy seating.

With our listings, teammate Dave held three open houses again this week and we had closings yesterday and today where they are both our listing and our sale. All of the action posted this week in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below. You’ll notice that price reductions continue, but there also was good sales action.

1st Meeting of the New Governing Board of the South Florida Water Management District

We heard excellent news yesterday following the first meeting of the entirely new board of the South Florida Water Management District. You may remember that just days after he took office, Florida’s Governor DeSantis called for the resignation of the former board members. Over the course of the last few weeks, Gov DeSantis appointed new board members.

Chauncey GossIn West Palm Beach yesterday, at the first meeting of this new board, they chose their new leaders to fulfill the District’s flood control, water quality projects, environmental restoration and water supply missions. The new board elected Sanibel’s-own Chauncey Goss as their Chairman. That is great for the 8.1 million residents of South Florida. Congratulations, Chauncey!

Shell Identification App

banner-shellmuseumappThe Bailey-Matthews National Shell Museum has announced that their shell identification app now is available. Many members of the local shell club including SanibelSusan helped for several months with the beta version as the shell library was compiled.

The app is available through the link below and is helpful in several ways. First it helps identify shells, provides a full-color shell guide, offers info from museum experts about shells, and provides info on the daily activities and special events at the museum, and beach walks. You can take a picture of a shell and quickly identify it using the app. That’s the part of the testing where I participated.

https://www.shellmuseum.org/shell-app

Florida Homes Are Hot

Posted on-line by FloridaRealtors® on Tuesday, this article is sourced to “Builder” magazine  (03/11/19) Sowers, Scott:builder

“Florida ranked as the No. 1 place for buyers, according to a recent Lending Tree survey. “Out of all mortgage requests made during the study, 9.1% were for homes in Florida, and moving companies that worked with out-of-state homebuyers reported that 12.4% of all requested destinations were in Florida. Builder magazine calls Florida’s growth “explosive.”

florida“The study broke Florida down into five distinct housing markets.

“”In Southwest Florida you have a lot of retirees. In central Florida you have retirees and international buyers,” says Tony Polito, Metrostudy’s regional director for the Tampa area. “In South Florida you have a lot of international buyers.”

“The largest pool of buyers in Jacksonville are first-time and entry-level buyers impacted by a lack of choices and affordability. In Central Florida, there is local demand as well as a diversified base of buyers that includes investors, seasonal residents, international and vacation homebuyers.

“High demand and low inventory have pushed prices up, according to Toby Hoff, Metrostudy regional director.

“Builders moving out of the core areas of Central Florida have been able to bring more affordable homes online. Buyers in this supply-constrained market are now willing to deal with longer commutes or less-than-desirable schools in order to find something that is both new and in their price range,” he says.

“Although Tampa, Sarasota and St. Petersburg are all interconnected, they are very different housing markets, with Tampa booming and generating new jobs. “We have two counties that account for 90% of the housing activity. Hillsborough, which the city of Tampa sits in, and Pasco County to the north,” says Polito. “Between Pasco and Hillsborough County, today we have a 14.8-month supply of vacant lots. Market equilibrium in this market is 24 to 36 months. Anything below 24 months means land prices are still rising. You can’t even find a small orange grove to develop.””

Florida Realtors® & Dubai Land Dept. Sign Agreement to Encourage Collaboration

Florida Realtors logoHaving visited Dubai last year, it was fun to read the below Wednesday news release from Florida Realtors® – where friends President Eric Sain and President-Elect Barry Grooms represented our organization at MIPIM 2019.Dubai govt

“CANNES, France, March 13, 2019 — Florida Realtors and the Dubai Land Department today signed a joint Memorandum of Understanding (MoU) during MIPIM 2019, the international real estate and property investors conference held March 12-15, 2019, in Cannes, France.

dubai land dept“The MoU establishes the parties’ cooperation in developing a mutually beneficial relationship in the general field of real estate, building a foundation for future business opportunities.

““As professionals in the real estate industry, we take pride in providing our knowledge and expertise to clients in Florida, Dubai and throughout the world,” said 2019 Florida Realtors President Eric Sain. “Florida Realtors and the Dubai Land Department share mutual goals for future success. We look forward to strengthening our cooperative efforts and building more connections to enhance business opportunities for all of our members.”

“As part of the agreement, Florida Realtors and the Dubai Land Department “affirm the value of international collaboration and agree to exchange information in the general field of real estate, promote professionalism in the real estate industry and engage in other activities that offer mutual benefits.”

“According to Her Excellency Ms. Majida Ali Rashed, CEO of the real estate investment promotion and management sector of the Dubai Land Department, establishing this relationship with Florida Realtors enables the parties to develop a greater mutual understanding and more mutually beneficial opportunities.

“The MoU signing took place today at the Dubai Pavilion. Florida Realtors 2019 President-Elect Barry Grooms attended the signing along with President Sain; Her Excellency Ms. Majida Ali Rashed, CEO of the real estate investment promotion and management sector of the Dubai Land Department; Mr. Shadi Bteddini, CEO of AQARI Global, the USA Trustee of the Dubai Land Department; and Florida Realtors Director of Global Business Maria Grulich.

“Also in attendance: Spanish International Realty Alliance CEO Francis Fernandez Ariza, representing another global partner with Florida Realtors; André Perrissel, president of FNAIM Provence International Committee, FNAIM Aix Marseille Provence; Michel Platero, president of FNAIM Grand Paris; Ingrid Damoiseau, president of World Property Business Club; and Adam Scott, an international delegate also representing the last three groups, all highly regarded real estate organizations in France that also are global partners with Florida Realtors..

“Representatives of several sponsors and partners with Florida Realtors for this year’s MIPIM were present as well, including: Enterprise Florida, Florida Power & Light, the Orlando Regional Realtor Association (ORRA) and the Pinellas Realtors Organization (PRO).”

Island Water Reminders For Seasonal Residents

island-water-logoThere was a nice checklist in the spring issue of the “IWA Pipeline. Here’s the abbreviated version for keeping your water secure when you are away.

  • Take advantage of IWA’s annual free turn-off and turn-on of your water at the meter. If you don’t have a pool or irrigation system, it makes sense that you have IWA do this if you are heading north and won’t be back until next “season”.
  • If you don’t want your water turned off at the meter and don’t have a backflow prevention device, turn off your house water valve. That turns off all spigots inside the house. If you do this, it is wise to also shut off the hot-water heater valves and corresponding circuit breaker.
  • As a precaution remove any outside hoses that won’t be used while you are away.
  • Have your home-watch read your water meter to see if water is going through the meter or if you have high usage. IWA reads meters only once a month.
  • Check the usage and amount of your water bill every month.
  • Put a fresh battery in your irrigation controller. Power outages and surges are common in the summer. Irrigations system controllers have battery back-up for these instances, but if the battery is dead, some systems will default to water every day. Also check your rain sensor to be sure that it’s operating correctly for your property. Speaking of sensors, Sanibel irrigation systems are required to have a working rain sensor.

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 8-15, 2019sancap GO MLS logo

Sanibel

CONDOS

3 new listings: Sanibel Arms West #M1 2/2 $515K, Sanibel Siesta #109 2/2 $525K, Pine Cove #C 2/2 $1.095M.

6 price changes: Donax Village #10 1/2 now $349K, Sundial #H210 1/1 now $399K, Island Beach Club #240F 2/2 now $749K, Surfside 12 #A3 3/2 now $799K, Yacht Haven #2 3/2 now $1.049M, Sanibel Surfside #231 3/3.5 now $1.25M.

3 new sales: Spanish Cay #F7 1/1 listed at $249K, Pine Cove #204 2/2 listed at $1.45M, Atrium #207 2/2 listed at $1.55M.

3 closed sales: Captains Walk #B2 1/1 $214K (our listing & sale), Lighthouse Point #128 3/2 $650K (our listing & sale), Loggerhead Cay #143 2/2 $715K.

HOMES

6 new listings: 1418 Sanderling Cir 3/3 $699K, 6103 Starling Way 2/2 $739K, 247 Christofer Ct 3/2 $825K, 547 N Yachtsman Dr 4/3.5 $975K, 2552 Harbour Ln 3/2 $1.195M, 1035 Blue Heron Dr 3/2 $1.695M.

20 price changes: 9465 Coventry Ct 3/2 now $599,999; 573 Lake Murex Cir 3/2 now $645K; 3017 Turtle Gait Ln 3/2 now $689K; 749 Cardium St 3/2 now $689K; 678 Durion Ct 3/2 now $749.9K; 5747 Pine Tree Dr 3/3 now $795K; 405 Tiree Cir 3/2 now $799K; 1050 White Ibis Dr 4/3.5 now $849K (our listing); 1410 Albatross Rd 3/3 now $875K; 478 Sea Oats Dr 3/3 now $949K; 6123 Starling Way 3/2.5 now $969K; 1199 Par View Dr 3/2.5 now $999K; 1345 Eagle Run Dr 3/2.5 now $1.12M; 2984 Wulfert Rd 3/4 now $1.195M; 2282 Wulfert Rd 4/4.5 now $1.295M; 1525 San Carlos Bay Dr 4/2 now $1.485M; 4630 Rue Bayou 4/4.5 now $1.495M; 2411 Blue Crab Ct 4/4.5 now $2.499M; 1136 Golden Olive Ct 4/4.5 now $2.59M; 3615 West Gulf Dr 3/2 now $2.95M.

Pool View

Pool & water view at 1050 White Ibis Dr in Gulf Shores

13 new sales: 9248 Kincaid Ct 2/1 listed at $399K, 651 Donax St 4/2 duplex listed at $524.9K, 9277 Dimmick Dr 3/2 listed at $549K, 5306 Ladyfinger Lake Rd 3/2 listed at $595K, 6143 Henderson 4/3 listed at $599K, 955 S Yachtsman Dr 3/2 listed at $699K, 5306 Umbrella Pool Rd 4/3 listed at $749K, 1309 Eagle Run Dr 3/2.5 listed at $1.095M, 1126 Harbour Cottage Ct 3/2 listed at $1.169M, 569 Lighthouse Way 3/3 listed at $1.185M, 4992 Joewood Dr 3/3.5 listed at $1.365M, 5606 Baltusrol Ct 4/6 listed at $1.795M, 6170 Dinkins Lake Rd 3/3 listed at $2.374M.

2 closed sales: 9448 Cotton Ct 3/2 $800K, 742 Sand Dollar Dr 2/3 $900K.

LOTS

1 new listing: 223 Robinwood Cir $329K.

No price changes, new, or closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #4124 1/2 $399,999.

1 price change: Gulf Beach Villas #2004 2/2 now $638K.

1 new sale: Beach Villas #2636 2/2 listed at $759K.

1 closed sale: Beach Villas #2428 2/2 $625K.

HOMES

No new listings or price changes.

1 new sale: 55 Sandpiper Ct 3/2 listed at $929K.

No closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend! st pats day.jpg

Until next Friday, Susan Andrews, aka SanibelSusan

Marvelous March on Sunny Sanibel… Shell Festival… Peek of the Unique… Arts & Crafts Fairs… & More


This may have been the week with the last taste of winter weather on the islands. After days of sunshine, there was a cloud-over Tuesday when the weathermen said the polar vortex came to Florida. By noon, temperatures were down into the 60’s. It dipped into the 50’s at night, with probably our last sweater-day on Wednesday.

Shell Table.jpg

By yesterday, it was back into the mid-70’s with the 80’s expected again this weekend – continued beautiful weather for those enjoying outdoor island life. Now the forecasters are saying that it should hit 80 degrees every day right up to our update next Friday. It’s definitely a great time to be in SW Florida.

The Island Is Hoppin’

 

sailors valentineThe 82nd Annual Sanibel-Captiva Shell Festival is going on at the Community House this week. It runs until 5 p.m. today and then is open again tomorrow Saturday 3/9 from 9 a.m. to 4 p.m.

sancap-eventlogo1Next weekend is the 36th Annual Sanibel-Captiva Lions Club Fine Arts & Crafts Fair, Friday 3/15 from 9 a.m. to 5 p.m. & Saturday 3/16 from 9 a.m. to 4 p.m.

thNext Saturday 3/16 also is the 18th Annual Peek at the Unique house tour event. Tickets available through www.EventBrite.com.

On Monday, The Community House is presenting the fifth of its “Community Interests Series”. This one called “Living With Our Four-Legged Neighbors (Rabbits, Iguanas, Coyotes) Now & In The Future”. Presenters are Holly Millebrandt, Sanibel’s Deputy Natural Resources Director, and Dr. Robin Bast, DMV, Staff Veterinarian at C.R.O.W. It begins at 7 p.m. with a $5 donation suggested.

Between the great weather and many events at BIG ARTS, C.R.O.W., Ding Darling SCCF, The Community House, and more, it is no wonder that prospective buyers don’t think about real estate until they face the reality of going home. We had walk-ins this morning that have been renting on island for five weeks. They are going home tomorrow, but they have made a connection with us, so we hope to show them some condos tomorrow.

Sanibel & Captiva Islands Real Estate

Sanibel realtors logoNot many new Sanibel sales were announced at our Thursday morning Sanibel & Captiva Islands Association of Realtors® Caravan Meeting yesterday. None were reported on Captiva. But, there were plenty of new listings and again a large number of price reductions. A report of the activity posted since last Friday in the islands’ Multiple Listing Service is provided after a couple of news items below.

First, a summary of the number of Sanibel properties for sale today, under contract, and closed year-to-date, followed by their median prices.

 

Listing Status

Condos Homes Lots  

Total #

# Median # Median # Median
For sale, available 131 $725,000 250 $949,500 66 $367,000 447
Under contract 18 $699,000 37 $850,000 1 $379,000 56
Sold/closed 1/1-3/8/19 20 $607,442 25 $999,000 1 $185,000 46

Making Sales

Like in most areas, it is a small group of sales associates that make most of the island sales. Today the Sanibel & Captiva Islands Association of Realtors® has 231 Realtors® members. The top 25 routinely make between 80% and 90% of the sales. Considering that some sales are made by off-island Realtors® from other nearby Associations, that is a lot of sales by a small group that includes me. Even with the market dip that began during the bout of red tide about nine months ago, these top 25 closed more than $1.3 billion in sales over the last 24 months. So, it makes sense to be sure that this group of colleagues knows about our listings and how they can count on us to help them sell them.

Sanibelsusan LogoThis business is all about relationships. Not just relationships with sellers and buyers, and future clients, but also with everyone we interface. It’s important to be in high regard with fellow Realtors®, sometimes doing that by making it easy for them to sell our listings. High producers can be busy, but we often reach out to each other. The SanibelSusan Team likes to remind them of the special features of our listings, ask if they have prospects for them, get their feeling on prices, and remind them that they can count on us for quick response, fliers and thorough property info packages, opening and showing listings for them, even pickup and delivery.

We always want buyers to consider every property that meets their needs, but we know that it is a better experience when the other side of a transaction is with someone you can count on. We always want to be that someone.

The Tax Change Wild Card

REALTOR-Magazine_Logo_My favorite economist, Lawrence Yun, had a lead article in the March-April issue of “Realtor®” magazine that arrived this week. Here it is:

“Let’s start with the good news. The Federal Reserve won’t aggressively raise interest rates this year. Instead of four rate hikes in 2019, as was widely assumed a few months ago, the Fed is likely to raise its short-term rate just once. This shift has quickly led to a measurable fall in the rate on 30-year fixed-rate mortgages from 5% in early December to 4.5% a month later. Why the change?

“First, the housing market is softening. Sales haven’t kept up with job gains and population growth. Even inventories, which have been tight for years, are starting to rise.

“Second, the inflation threat is receding. Although consumer price inflation hit a seven-year high of 2.4% last year, there is little sign it will be a factor in 2019. In fact, the Fed expects inflation to drop below 2%. As a result, the outlook for home sales improves. Look for an additional 200,000 sales for every 50-basis-point reduction in the cost of money, based on historical data.

“But a new factor could provide to be a wild card: the limit on mortgage and property tax deductions enacted in 2017. While 95% of homeowners will be able to fully deduct their mortgage interest and taxes under the changes, others will not because they’ll no longer itemize their deductions, which makes homeownership more costly. So lower interest rates may have less power to spur sales.

“For real estate investors, the mortgage interest deduction and property taxes remain fully deductible – as business expenses. Certainly, homeowners facing this unfair tax hit could act like investors by renting out their house (after property disclosures to their mortgage lender), deducting their mortgage interest and property taxes as business expenses, and moving into a comparable rental home.

“But our data shows most people want to live in the home they own. Shouldn’t homeowners get the same tax benefit as investors? In the year ahead, it’s an issue to be raised with lawmakers.”

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 1-8, 2019sancap GO MLS logo

Sanibel

CONDOS

8 new listings: Sanibel Arms #D2 1/1 $399K, Sundial #H211 1/1 $399.9K, Sundial #G205 1/1 $465K, Sunset South #6B 2/2 now $599K, Sanibel Surfside #125 2/2 1.049M, Kings Crown #102 2/2 $1.249M, Villas of Sanibel #A201 3/3 $1.299M, Pine Cove #204 3/2 $1.45M.

10 price changes: Sanibel Arms #B1 1/1 now $475K, Pointe Santo #D21 2/2 now 665K, Lighthouse Point #229 3/2 now $699K, Island Beach Club #210B 2/2 now $749K, Loggerhead Cay #192 2/2 now $769K, Surfside 12 #A1 3/2 now $774K, Compass Point #183 2/2 now $1.225M, Gulfside Place #221 2/2 now $1.24M, Villas of Sanibel #A102 3/3 now $1.389M, By-The-Sea #C102 3/2 now $1.595M.

2 new sales: Sundial #J101 1/1 listed at $449K, Compass Point #161 3/3 listed at $1.175M.

5 closed sales: Sundial #D204 1/1 $395K, Sundial #D304 1/1 $400K, Cottage Colony West #108 1/1 $601K, Bayview Village #2A 3/3 $735K, Nutmeg Village #103 2/2 $775K.

HOMES

10 new listings: 9195 Dimmick Dr 2/2 $469K; 9277 Dimmick Dr 3/2 $549K; 705 Rabbit Rd 3/3 $579,555; 6143 Henderson Rd 4/3 $599K; 430 Old Trail 3/2.5 $669.9K; 513 Rabbit Rd 3/2 $684.5K; 750 Martha’s Ln 3/2 $699K; 2719 Wulfert Rd 4/4/2 $1.499M; 401 Bella Vista Way 4/4 $2.75M; 1540 San Carlos Bay Dr 4/4.5 $4.299M.

31 price changes: 9228 Belding Dr 2/1.5 now $499.9K, 651 Donax St 4/2 duplex now $524.9K, 922 Pepper Tree Pl 2/2 now $599K, 945 S. Yachtsman Dr 2/2 now $599K, 610 Hideaway Ct 3/2.5 now $629K, 1586 Century Ct 3/2.5 now $679K, 1555 Sand Castle Rd 3/2 now $695K, 955 S. Yachtsman Dr 3/2 now $699K, 1217 Par View Dr 3/3 now $729K, 566 Boulder Dr 3/2 now $779K, 2480 Library Way 3/2.5 now $779K, 3861 Coquina Dr 3/3 now $789K, 513 Lake Murex Cir 3/2 now $799K, 4460 Waters Edge Ln 3/2 now $799K, 1396 Tahiti Dr 4/3 now $799.9K, 660 Oliva St 3/3 now $829K, 6033 Dinkins Lake Rd 3/3.5 now $829K, 3013 Turtle Gait Ln 3/2.5 now $829.9K, 1676 Middle Gulf Dr 3/2 now $850K, 1236 Par View Dr 3/2.5 now $859K, 3850 Coquina Dr 3/3 now $995K, 1309 Eagle Run Dr 3/2.5 now $1.095M, 932 Whelk Dr 3/3 now $1.195M, 297 Ferry Landing Dr 3/3 now $1.195M, 1717 Venus Dr 3/2.5 now $1.299M, 2689 Wulfert Rd 4/5.5 now $1.747M, 6071 Sanibel-Captiva Rd 5/4.5 now $1.995M, 2391 Shop Rd 3/2.5 now $2.099M, 842 Limpet Dr 3/3.5 now $2.295M (our listing), 3009 Turtle Gait Ln 4/4.5 now $2.795M, 4355 West Gulf Dr 4/4/2 now $5.995M.

Image 8 c.jpg

842 Limpet Dr looking toward San Carlos Bay & the mainland

7 new sales: 2074 Wild Lime Dr 3/2 listed at $549,899; 1018 Demere Ln 4/2 listed at $599K; 721 Cardium St 3/2 listed at $745K; 1755 Jewel Box Dr 3/2 listed at $779K; 434 Lake Murex Cir 4/3 listed at $850K; 1248 Par View Dr 4/4.5 listed at $1.299M; 1237 Isabel Dr 5/6.5 listed at $2.895M.

5 closed sales: 849 Beach Rd 4/4 duplex $550K, 585 Lake Murex Cir 3/2 $589K, 1230 Ferry Rd 3/4 $1.0325M, 5407 Osprey Ct 4/3 $1.26M, 925 Whelk Dr 3/3.5 $2.25M.

LOTS

No new listings.

4 price changes: 5116 Sea Bell Rd now $159K; 5126 Sea Bell Rd now $159K; 3308 Saint Kilda Rd now $519,555; 1226 Isabel Dr now $1.295M.

No new or closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #2418 2/2 $655K.

No price changes or new sales.

1 closed sale: Sunset Captiva #302 4/3 $1.8M.

HOMES

No new listings.

3 price changes: 55 Sandpiper Ct 3/2 now $929K, 14981 Binder Dr 3/3 now $995K, 11501 Laika Ln 3/3 now $1.495M.

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.

Enjoy your weekend! Until next Friday, Susan Andrews, aka SanibelSusan

Beach b

Sanibel Sun, Sharing, Singing, Success, & Sales


It’s another Friday with glorious weather on sunny Sanibel. It again has been pretty much picture perfect all week, with just a few showers Tues night as a front passed through. Continued warmer-than-usual weather is expected until the middle of next week when forecasters say we might want to get the winter sweaters out one last time, as it might not get out of the 60’s for a day.

Island Beach Club

Roadways, bike paths, and the beach continue to be busy, as are restaurants and shops. Plan ahead, always try to turn right, and expect delays is our norm when preparing to open property and scheduling showings. Teammate Dave and I both have been showing this week with our listings getting showns too, with one going under contract plus a home inspection at another. Dave also had another successful Open House that resulted in a 2nd showing today. I put a condo under contract too. The details of the activity posted since last Friday in the Sanibel/Captiva Islands Multiple Listing Service follow a few news items below.

SCCF_walk_at_Island_Inn

Thursday Caravan Meeting Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoA few more sales were announced at the islands’ Association of Realtors® early Caravan Meeting yesterday, while again there were oodles of price reductions (35 on Sanibel). Since another month is over, below is a quick summary of the January/February 2019 real estate action, compared to the same timeframe in 2018.

Sold/Closed Sales in January & February 2018 Compared to 2019, & Current Inventory

  # Average Price $ # Average Price $ # Average Price $
Sanibel Condos Homes Lots
2018 23 723,510 42 1,334,948 2 296,000
2019 15 624,517 20 1,303,275 1 185,000
Available 122 840,684 246 1,380,551 66 692,811
Captiva Condos Homes Lots
2018 9 949,401 4 1,300,000 0 N/A
2019 5 1,324,600 1 2,800,000 0 N/A
Available 47 1,129,206 46 3,307,402 4 3,446,000

More Sharing of the Roadways

Vice Presidents LogoYesterday, the Federal Aviation Administration issued a temporary flight restriction (TFR) for VIP movement from March 1 at 1:15 p.m. to March 3 at 3:30 p.m., which spans three nautical miles in Lee County and covers Southwest Florida Intentional Airport. Minus exceptions, aircrafts are prohibited in the area.

According to the National Business Aviation Association, a TFR is a restriction on an area of airspace due to the movement of government VIPs, special events, natural disasters or other unusual events. VIP TFRs are significantly restrictive and are issued for the movement of the president and vice president. I betcha VP Pence and his family are returning for another visit.

Last week, there were sightings of former VP Walter Mondale on Captiva. He’s 91 years young and still loves vacationing here. It’s that time of the year when patience, sharing, and kindness are necessary – as there are visitors here from one end of the country to the other, especially from chilly points north.

Weekend Happenings

Tomorrow, Saturday, Mar 2 – 17th Annual San-Cap Art League 2019 Art Fair from 9 a.m. to 3 p.m. both inside and outside at The Community House.

art fair 2019

Sunday, Mar 3 – 11th Annual Sanibel Uncorked (Food & Wine/Craft Beer Festival) at Lily & Company from 1 to 5 p.m. Sanibel-Captiva Optimist Club fundraiser for island youth. Hosted by Bailey’s and Lily & Company. This club awards scholarships, supports children’s sports programs at the Sanibel Recreation Center, and more. Tickets are $30 ($25 for designated drivers) at Bailey’s or at the door. Valet parking next to Island Cinema.

uncorked 2019

Upcoming Concerts

Thursday & Friday, Mar 14 & 15, BIG ARTS Community Chorus Spring Concerts at Schein Performance Hall at 7 p.m. The posters are up, tickets are selling, and we are rehearsing like crazy because with the upcoming construction of the new buildings at BIG ARTS, the spring community concerts this year are in March, rather than April. Every year, I say these concerts are going to be our best ones ever, because it’s true, we keep getting better. I’ve been singing with the altos since the chorus began in the early 90’s. This year, in addition to a well-rounded mix of patriotic, gospel, folk, and international favorites, we are doing a fun tribute to “Music Man”. If you’ve seen that show, you’ll especially get a hoot out of our group of traveling salesmen on the train. Big thanks to our singing pal Dick Brown (Dad to author Dan Brown) for choreographing.

Big arts 2019 spring poster

The Inventor of Real Estate Time Sharing

Most islanders know that Keith Trowbridge is called the “father of timeshares”. Having known Keith for better than 25 years, it was fun to read the article in this week’s “Sanibel-Captiva Islander” where Art Stevens discusses Keith’s latest book. Here’s a little info about Keith – first from his website and then, from Art’s article.

“Keith Trowbridge earned a Ph.D. in education at the University of Michigan and an MBA in business administration at Bowling Green State University. He was part of the team that founded Florida International University; but a year later Trowbridge found himself leaving academia to launch a career in land development and has been a leader in the timeshare industry ever since.

“In 1974 Trowbridge pioneered timesharing in North America with the development of Sanibel Beach Club on Sanibel Island, Florida, a 31-unit purpose-built timeshare project completely sold out in 18 months. He founded Captran Resorts International, Ltd. and has been involved in the development and marketing of 35 timeshare resorts in the United States, Canada, and the Caribbean.

“Trowbridge earned the respect of his peers and has served as president of the Resort Timesharing Council and on the board of directors of the American Land Development Association, a forerunner to the American Resort Development Association, or ARDA.  He has written a book sharing his timeshare industry knowledge and experience, Resort Timesharing: How You Can Invest In Inflation-Proof Vacations for Life (Simon and Schuster Publishers still available at Amazon.com) and co-authored with Richard J. Lynge The Real Estate Broker’s Guide to Resort Timesharing (Real Estate Education Company).  Trowbridge also brought his industry expertise and his academic credentials together and taught college-level resort management courses at Lynn University in Boca Raton, Florida.

“Once retired, after more than 20 years in timeshare development, Trowbridge found himself frequently being asked by timeshare friends and associates to make informal recommendations of executive management candidates. Two years later he formed the specialty firm, Executive Quest, Inc., designed to find timeshare industry-qualified executive management candidates for just a few clients at first and in the United States. But soon Mexico and Caribbean placements followed. Then Asia.  Fifteen years later the company has had a hundred clients in a dozen countries and a couple thousand timeshare-specific resumes at hand.  Executive Quest is now the leading executive search firm in the timeshare industry.”

As Art’s article says: “…With the expert help of Barbara Hill Freeman, a noted local writer, Trowbridge has just written a book about an industry he created right here in Sanibel – time sharing. Time sharing has become a worldwide phenomenon which allows people to own a share of a vacation property and have a place to go to every year.

“What better legacy can anyone leave than to have created an entire industry which has grown into the billions of dollars? It’s like Edison inventing electricity, Bell inventing the telephone, and Morse inventing the telegraph, Trowbridge has earned his special place in real estate Hall of Fame by coming up with a concept that has caught on like wildfire.

time to share“I never really understood how this now commonplace industry got its start until I read “Time to Share”….The idea is so logical that one wonders why it wasn’t thought of until well along into the twentieth century. Enter Trowbridge, a Canadian by birth but a long-time American by love of country.

“Trowbridge has written a book that shares the adventure of birthing a whole new industry that makes you want to shout out loud, “of course”….

“Several factors contributed to Trowbridge’s decision to transfer his attention to vacation ownership. One was Sanibel itself. He says, “Around that time, Sanibel became a city, and the city council lowered the allowable density of construction from twenty units per acre to five units per acre. That had the financial effect of doubling land costs, but there was no way to increase the price of condos to offset the increased price of land. Vacation ownership was a way to absorb the increased land cost of condos.”

“Another factor was the sluggish condo market. While Trowbridge’s traditional ownership condo developments on Sanibel were eventually considered successful, it took longer to sell every unit than he anticipated. In addition, after the failure of Sanibel Lodge, he was gun shy about trying to build another model.

“In looking for an alternative, he found his inspiration in long-term interval leasing “right-to-use’ programs initiated in 1964 at a resort in the Swiss Alps, programs then the French often call temp partage (shared time). Building upon this European model of units rented for a period of time annually, he asked why not sell properties by the week in desirable vacation destinations?….

“Trowbridge has played a prominent role in the growth of Sanibel and its reputation as one of the top warm weather resort islands to frequent. “Time to Share” chronicles much of that history as well as telling the story of a man with boundless energy and creativity. It is a book about a real estate visionary….”

Island Realtors® Win 2nd President’s Cup

2018 NAR President's Cup Winner - 6 in FL

In February, the Sanibel & Captiva Islands Association of Realtors® was announced as a 2018 winner of the national Association of Realtors® President’s Cup for the second year in a row. This award recognizes the hard work local Realtor® leaders and association staff perform to advance public policies that build strong communities, preserve homeownership, protect property interests, and promote a vibrant business environment. The Sanibel & Captiva Islands Association was one of only six Realtor® associations in Florida to receive this award.

2018 Triple Crown in FLIn addition to the President’s Cup award, the Sanibel & Captiva Islands Association of Realtors® also, for the second year in a row, was named an RPAC Triple Crown winner in Florida for its fundraising and advocacy efforts. Just 24 states had associations that were Triple Crown winners last year, with 26 other associations in Florida also named Triple Crowns.

 

SanibelSusanThe Sanibel & Captiva Islands Association of Realtors® still has just one member who has achieved Realtor® Hall of Fame status. That’s SanibelSusan, inducted in 2016. I still haven’t made it back to DC to see my plaque on the rooftop terrace at the National Association of Realtors® building at 500 New Jersey Ave NW.

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 22-Mar 1, 2019sancap GO MLS logo

Sanibel

CONDOS

8 new listings: Blind Pass #A104 2/2 $469K, Sanibel Arms #B1 1/1 $482.5K, Loggerhead Cay #322 2/2 $569K, Island Beach Club #310B 2/2 $649K, Loggerhead Cay #553 2/2 $719K, Bandy Beach #B101 3/2 $1.49M, Sandals #A 3/3.5 $2.074M, Wedgewood #203 3/3.5 $2.695M.

6 price changes: Spanish Cay #F7 1/1 now $249K, Donax Village #10 1/2 now $369K, Loggerhead Cay #471 2/2 now $562.9K, Loggerhead Cay #351 2/2 now $629K, Loggerhead Cay #223 2/2 now $679K, Somerset #B202 3/2.5 now $1.995M.

3 new sales: Spanish Cay #B4 2/2 listed at $399K (our buyer), Sunset South #9B 2/2 listed at $589.9K, Oceans Reach #4B1 1/1 listed at $699K.

4 closed sales: Tennisplace #C32 2/1.5 $270K, Kings Crown #311 3/2 $937.5K, Sanibel Arms #F8 2/2 $940K, Tarpon Beach #112 2/2 $1.1M.

HOMES

6 new listings: 5869 Pine Tree Dr 3/2 $695K, 640 Oliva St 3/2 $699K, 700 Birdie View Pt 3/2 $799K, 3013 Turtle Gait Ln 3/2.5 $847K, 823 Birdie View Pt 4/3 $949K, 4014 West Gulf Dr 4/3 $3.699M.

28 price changes: 1520 Centre St 3/2 now $440K;  1304 Sand castle Rd 3/2 now $550K; 836 Donax St 3/2 now $575K; 1018 Demere Ln 4/2 now $599K; 328 Palm Lake Dr 3/2 now $657K; 3350 Barra Cir 3/2 now $689,986; 1807 Serenity Ln 3/2 now $732.5K; 743 Windlass Way 3/2 now $739.9K; 955 S. Yachtsman Dr 3/2 now $749K; 256 Daniel Dr 3/2 now $769K; 1559 Sand Castle Rd 3/2 now $785K; 707 Cardium St 3/2 now $799K; 9094 Mockingbird Dr 4/3.5 now $895K; 4787 Rue Helene 4/3 now $919K; 920 Snowberry Ln 3/3.5 now $975K; 6123 Starling Way 3/2.5 now $984K; 1039 Sand Castle Rd 3/3 now $999.5K; 5411 Osprey Ct 3/2 now $1.025M; 4080 West Gulf Dr 3/2 now $1.149M; 1550 Sand Castle Rd 3/3 now $1.189M; 1159 Golden Olive Ct 3/2 now $1.295M; 2251 Starfish Ln 4/3.5 now $1.429M; 725 Donax St 6/6 now $1.448M; 872 Limpet Dr 3/3 now $1.68M; 784 Limpet Dr 4/3 now $1.739M; 1133 Golden Olive Ct 3/3.5 now $2.349M; 1136 Golden Olive Ct 4/4.5 now $2.695M; 3757 West Gulf Dr 4/4 now $6.995M.

12 new sales: 976 Greenwood Ct 3/2.5 half-duplex listed at $459K, 659 Donax St 2/2 listed at $575K, 1225 Seagrape Ln 3/3 listed at $729K, 4760 Rue Helene 3/2 listed at $829K, 9448 Cotten Ct 3/2 listed at $875K, 1656 Middle Gulf Dr 3/4 listed at $895K, 543 Hideaway Ct 3/2 listed at $929K, 225 Violet Dr 3/2 listed at $965K, 742 Sand Dollar Dr 2/3 listed at $1.089M, 1230 Par View Dr 4/2.5 listed at $1.095M, 1653 Hibiscus Dr 3/2 listed at $1.495M, 1237 Isabel Dr 5/6.5 listed at $2.895M.

5 closed sales: 998 Fish Crow Rd 3/2 $500K, 5280 Ladyfinger Lake Rd 3/2 $720K, 1127 Buttonwood Ln 3/2.5 $850K, 2640 Coconut Dr 2/2 $1.1905M, 243 Daniel Dr 4/3.5 $1.3M.

LOTS

No new listings.

1 price change: 6411 Pine Ave now $349.5K.

1 new sale: 9441 Peaceful Dr listed at $249K (our listing).

No closed sales.

Captiva

CONDOS

1 new listing: Tennis Villas #3120 1/1 $335K.

No price changes.

1 new sale: Tennis Villas #3230 2/2 listed at $469K.

No closed sales.

HOMES

2 new listings: 16798/802 Captiva Dr 4/4 $5.75M, 1129 Longifolia Ct $6.499M.

6 price changes: 16813 Captiva Dr 3/3 now $2.095M, 11523 Andy Rosse Ln 5/5.5 now $2.295M, 16447 Captiva Dr 7/6/2 now $2.99M, 16531 Captiva Dr 8/8 now $2.995M, 16814 Captiva Dr 2/2.5 now $5.25M, 15819 Captiva Dr 5/5 now $10.9M.

No new or closed sales.

LOTS

1 new listing: 11525 Murmond Ln $895K.

No price changes, new, or closed sales.

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

Until next Friday, we’re working all weekend, if anyone wants real estate!

Susan Andrews, aka SanibelSusan

Island Beach Club Beach

February Flowers & Sanibel/Captiva Happenings


It’s another Friday and another month almost over, as Sanibel/Captiva weather continues to be summer-like. It has been another week with temperatures in the high 70’s/low 80’s, with more of the same expected over the next few days.

February Bougainvillea

The bougainvillea & roses in my yard always get happy in February!

Now that it’s really “season”, getting from one end of Periwinkle to the other has been challenging, sometimes in both directions, but particularly on Presidents’ Day and most days as workers head off-island (from about 3 to 6 p.m.)

SSRA with flagHere in the office, SanibelSusan listings had some action this week, with a sale, a price reduction, a new listing, and a home inspection.

The complete action posted in the Sanibel/Captiva Islands Multiple Listing Service over the past seven days, follow a few news items below.

February Membership Meeting – Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday morning was the island Realtors® monthly membership meeting. It brought a standing-room only crowd which is typical for February which usually is when business here is best. Surprisingly during the Caravan portion of the meeting, when new sales are announced, there was only one – a condo unit at Loggerhead Cay

During the educational portion of the meeting, speakers from the Sanibel School updated members with info we can use in presenting the school to prospective buyers. Assistant Principal Jamie Reed provided a school history, explaining how the school expanded a few years ago from K through 5, to K through 8. She also said that today school enrollment is down. The school has capacity for 354 students, with enrollment today at 270.sanibel school

With school funding based on the number of students, that also is down, but strong community financial support contributes to the school’s success. The Sanibel School Fund, for example, which is a group of education-minded citizens and parents raised the money needed to hire the school’s Spanish teacher, providing that foreign language training to all grades. The school’s PTA and close relationships with local organizations like the Wildlife Refuge, BIG ARTS, and the Conservation Foundation, also provide School support.

Classroom sizes at The Sanibel School include two classes in each of the lower grades with no more than 18 students per class. Grades 6 through 8 each have one class with up to 22 students in each. This family-like network of students and teachers provide a nurturing environment contributing to the school’s academic success rate, with grades continually ranking in the top 5-6% of the state.

Donna Marks, Sanibel School Registrar and Information Specialist, is available to provide school tours and explain what is needed for school enrollment. It no longer is a requirement that their students live on Sanibel/Captiva or have parents who work on the islands. More info at https://sbl.leeschools.net/our_families/registration__enroll_my_student

2019 Lee County Market Report – January

FL gulf coast mls logoThis morning, the following report was released by the Florida Gulf Coast MLS:

For the fourth straight month Single Family Homes shows a decrease

“Lee County’s Single Family housing market saw a decrease for the fourth straight month in January, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were down for both by double digits, but Townhouses and Condos are holding steady over the last four months.

“January showed a -18.7% decrease in the number of Closed Sales for Single Family Homes, and a -10.4% decrease for Townhouses and Condos, compared to the same time last year. Sale prices were up slightly for Single Family, while townhouse and Condos remain steady. Inventory is on the rise for Single Family showing 6.5% Months Supply of Inventory and 7.5 for Townhouses and Condos. The number of Active Listings jumped up again for a fifth straight month at 18.9% for Single Family Homes and 12.5% for Townhouses and Condos compared to 2018….

“Broken down by cities, Single Family sales in Bonita Springs, Pine Island and North Fort Myers saw an increase in number of Closed Sales, year over year. All remaining cities saw a decrease over last year. With Sanibel having a -60% and Fort Myers Beach having a -58.2% showing the largest decrease over 2018….”

Note: The numbers reported represent sales by all members of Florida Realtors®/SWFLA Matrix for Lee County, FL. Statistics released each month may be revised in the future as new data is released.

What Do Home Inspectors Usually Find?

Florida Realtors logoWith Florida being a full-disclosure state, Sellers and their representatives are required by Florida law to disclose defects that may materially affect the value of the real estate being sold. With many island properties owned by snowbirds, part-time visitors, and investors, in recent years it has been common to see Sanibel and Captiva property sold using the Florida Realtors® “As Is” contract.

Under the terms of the “As Is” contract, the Buyer accepts the property in its physical condition and the Seller is not responsible for any repairs. That contract also includes an “Inspection/Cancellation” period when the Buyer may perform due diligence, usually having the property professionally inspected.

The SanibelSusan Team always suggests a home inspection. A good one considers all the physical elements of a property and provides the age, service life, and condition of all mechanical items. Regardless of a property’s end use, it makes sense that a Buyer handle any repairs needed to ensure that they are done to their standards and satisfaction.

The below article posted on-line Wednesday by Florida Realtors® contains the same suggestion. Repair credits are not typical with the “as is” contract. That applies to the older Florida purchase agreement where a Buyer also may have a property inspected during a certain time period, but with that agreement, the Seller is advised of defects found and required to fix them by closing. With the “as is” contract, no Seller repairs or credits are required.

“LAS VEGAS – Feb. 20, 2019 – A study of 50,000 home inspections by Repair Pricer, a company that estimates repair costs for items cited in home inspection reports – found that some repair costs tend to appear more often.

“Nearly 55% of home inspections nationally cited doors that needed adjusting, for example; and 54% lacked exterior caulking and sealant, which could leave the home susceptible to extensive water damage. And about 48% of homes lacked GFCI protection to minimize the risk of electrocution in areas like the kitchen or bathroom. The most expensive home defects ranged in repair prices from slightly more than $1,000 to less than $10,000:

“Top 10 common home defects – percentage of homes – price to repair

  • Doors need adjusting/servicing: 54.9% of reports – $254 to repair
  • Faucets and heads need servicing: 54.8% of reports – $273 to repair
  • Exterior caulking/sealant missing: 54.5% of reports – $310 to repair
  • Outlets or switches with deficiencies: 53.7% of reports – $248 to repair
  • No GFCI protection: 48.0% of reports – $433 to repair
  • Absence of or defective smoke alarms: 45.06% of reports – $378 to repair
  • Cosmetic sheetrock cracks or nail pops: 45.02% of reports – $545 to repair
  • Fixtures and/or bulb deficiencies: 40.5% of reports – $209 to repair
  • Caulking, grout and sealer are missing interior: 33.9% of reports – $353 to repair
  • Service panel deficiencies: 33.7% of reports – $298 to repair

“While expensive repairs are less common, one in 10 inspections cite a roof nearing the end of its useful life as the most expensive common repair generally noted. However, one in five reports find a problem with window seals, which can cost over $1,000 to repair.

“5 most expensive repairs found – percentage of homes – price to repair

  • Roof nearing end of its serviceable life: 9.6% of reports – $9,948 to repair
  • Coil and condenser at end of serviceable life: 10.7% of reports – $5,818 to repair
  • Heating unit exceeded serviceable life: 10% of reports – $3,798 to repair
  • Water heater may need replaced: 10% of reports – $1,259 to repair
  • Window seals failed or fogged: 20.8% of reports – $1,026 to repair

“What should buyers do with inspection report information? Repair Pricer says buyers’ first instinct is often to ask sellers to make repairs, but “this tactic can frequently backfire. Even if the seller agrees … they’re under no obligation to implement quality repairs and frequently execute the cheapest option or fix, potentially leaving the buyer with substandard work, no transferable warranty and no recourse.” Seller repairs can also give buyers a “false sense of security, believing their agents have negotiated and built a home warranty into their contracts.”

The best tactic, according to Home Repair, is to ask the seller for a repair credit if appropriate under the contract and hire a contractor after closing to complete the repairs to the buyer’s standards – not the seller’s.”

Update on Water Issues by SCCF and Everglades Foundation

SCCF logoAn important update sponsored by the Sanibel-Captiva Conservation Foundation is scheduled next week. Here’s their announcement:

“Historically, nearly all the water from Lake O flowed south. Now, over 70% flows to the Caloosahatchee and St. Lucie. Don’t miss the chance to get the latest updates on the status of water management projects impacting the Caloosahatchee and the Everglades. After the devastating impacts of the 2018 Red Tide and the recent promising actions by Governor DeSantis, real improvements are now possible.

“Join us for “New Opportunities to Advance Water Quality Improvement and Everglades Restoration!” on Thursday, February 28 at 7 p.m. at the Sanibel Community House, 2173 Periwinkle Way. The event is free and registration is not required. Doors open at 6:30 and light refreshments will be served.

SCCF Water flows

“Some key indicators of current conditions:

  • Current Lake O levels are lower than they have been in recent years. A weak El Niño may bring higher than normal rainfall in the next few months.
  • The U.S. Army Corps of Engineers is beginning work on a new water management schedule for Lake O releases.
  • And Governor DeSantis has asked the South Florida Water Management District (SFWMD) to expedite work on the EAA Reservoir, the keystone project that will reduce harmful flows to the estuary by 40-60%.

“ALL of us will need to stay engaged to make sure that this emerging leadership vision is successful. Learn the latest from SCCF and the Everglades Foundation on recent progress, ongoing challenges and what you can do to help. For more info, call 472-2329.

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 15-22, 2019

Sanibelsancap GO MLS logo

CONDOS

8 new listings: Sundial #G405 1/1 $439,555; Cottage Colony West #112 1/1 $605.9K; Villa Sanibel #2G 2/2 $685K, Island Beach Club #240F 2/2 $769K; Sundial #J204 2/2 $769K; Seawind II #2 2/2.5 $889K; Sanibel Moorings #111 2/2 $999.99K; High Tide #A301 2/2 $2.149M.

7 price changes: Mariner Pointe #842 2/2 now $595K, Island Beach Club #310A 2/2 now $699K, Pointe Santo #D3 2/2 now $725K, Shell Island Beach Club #7C 2/2 now $824K, Sundial #K103 2/2 now $920K, Loggerhead Cay #133 2/2 now $944K, Pointe Santo #E35 2/2 now $1.35M.

3 new sales: Captains Walk #B2 1/1 listed at $239K (our listing & sale), Seashells #3 2/2 listed at $449K, Sundial #B407 1/1 listed at $529K.

2 closed sales: Tennisplace #C23 2/1.5 $305K, Sundial #F206 1/1 $420K.

HOMES

10 new listings: 970 Greenwood Ct 3/2.5 half-duplex $440K, 5306 Ladyfinger Lake Rd 3/2 $595K, 731 Durion Ct 3/2 $799K, 823 Birdie View Pt 4/3 $949K, 510 Sea Oats Dr 3/2.5 $999K, 3850 Coquina Dr 3/3 $1.089M, 911 Almas Ct 3/2.5 $1.499M, 6170 Dinkins Lake Rd 3/3 $2.374M, 842 Limpet Dr 3/3.5 $2.495M (our listing), 3615 West Gulf Dr 3/2 $3.25M.

DCIM100MEDIADJI_0791.JPG

Our new listing at 842 Limpet Dr

21 price changes: 325 East Gulf Dr 1/1 now $528K; 401 Raintree Pl 3/1.5 now $529K; 746 Cardium St 4/2 duplex now $669K; 1973 Wild Lime Dr 4/3 now $674K; 678 Durion Ct 3/2 now $769.9K; 697 Birdie View Ct 3/2 now $774K; 3284 Twin Lakes Ln 4/4 now $799K; 257 Daniel Dr 3/2 now $799.9K; 3050 West Gulf Dr 3/2.5 now $824.9K; 3941 Coquina Dr 3/2 now $849K; 686 East Gulf Dr 3/2 now $849K; 1056 S Yachtsman Dr 3/2 now $879K; 9454 Calla Ct 3/2 now $899K; 501 Lagoon Dr 3/2 now $949K; 4345 Gulf Pines Dr 4/4 now $950K; 6123 Starling Way 3/2.5 now $989K; 3832 Coquina Dr 3/4 now $995K; 1672 Hibiscus Dr 3/2 now $999,995; 5842 Pine Tree Dr 3/2 now $1.095M; 532 Sea Oats Dr 4/4 now $1.395M; 1351 Middle Gulf Dr #2C 3/3 now $1.549M (our listing).

Image 8 c.jpg

Home just reduced at 1351 Middle Gulf Dr, Moonshadows #2C

5 new sales: 1442 Sandpiper Cir 2/2 half-duplex listed at $415K, 1160 Junonia St 3/2 listed at $739K, 480 Sawgrass Pl 3/2.5 listed at $999K, 928 Beach Rd 4/3 listed at $1.295M, 4992 Joewood Dr 3/3.5 listed at $1.365M.

3 closed sales: 2479 Blind Pass Ct 3/2 $725K, 789 Pyrula Ave 4/2.5 $900K, 4771 Tradewinds Dr 3/3 $1.55M.

LOTS

1 new listing: 6141 Starling Way $997K.

1 price change: 2297 Wulfert Rd now $194K.

1 new sale: 2933 Wulfert Rd listed at $379K.

1 closed sale: 4565 Bowen Bayou Rd $185K.

Captiva

CONDOS

3 new listings: Tennis Villas #3124 1/1 $370K, Beach Cottages #1404 2/2 $1.279M, Lands End Village #1635 2/2 $1.429M.

2 price changes: Captiva Hide-A-Way #1B 2/2 now $889K, Lands End Village #1602 3/3 now $2.15M.

1 new sale: Beach Villas #2614 2/2 listed at $614K.

No closed sales.

HOMES

No new listings.

4 price changes: 15161 Wiles Dr 5/5.5 now $2.4M, 11522 Andy Rosse Ln 5/5.5 now $2.799M, 15879 Captiva Dr 3/3 now $2.995M, 952 S Seas Plantation Rd 6/5.5 now $4.15M.

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, wishing you warm sunny beach-like weather too!

Susan Andrews, aka SanibelSusan

Nice beach shot

Woohoo! It’s Finally “Season” on Sunny Sanibel & Captiva Islands


Kiters

Hooray! It has been a week with more real estate action for The SanibelSusan Team. “Season” really is here with showings and Open Houses more productive. (Not much time for our teammate to enjoy his favorite sport – shown above).

The details of the action posted this week in the Sanibel & Captiva Islands Multiple Listing Service are after some other news below.

Sanibel realtors logoAt our Association of Realtors® morning Caravan Meeting yesterday, only a couple of sales were announced. Many price reductions had attendees commiserating about how it has turned into a “buyers’ market” with plenty of well-priced properties available

It sure will be great to announce our two new sales at our Realtors® Monthly Membership Meeting next week – especially nice for us since we brought the buyers too!

Presidents’ Day Weekend on The Islands

Sanibel Bike Hikepresidents day clip artWith wonderful weather expected right through the 3-day weekend (sunny with day-time temperatures in the mid-to-high 70°s F), the island should be packed.

Below are a few fun happenings. Sanibel City Hall and all City Municipal Services will be open on the Monday holiday. (SanibelSusan Realty will be open too.)

These organizations have received City Special Events Permits for this weekend.

rotary logoTomorrow, Feb 16: 10 a.m. to 5 p.m. – Annual Sanibel-Captiva Rotary Arts & Crafts Fair, at the Community House, across the street from our office. www.sanibelartfair.com

Sunday, Feb 17: Annual Sanibel-Captiva Rotary Arts & Crafts Fair (above) continues from 9 a.m. to 4 p.m.

Sanibel Farmers MktAlso, from 8 a.m. to 1 p.m. – Sanibel Island Farmers Market on the grounds of City Hall at 800 Dunlop Rd. There has been some confusion this winter about Farmers Market parking. With construction complete at the Sanibel Library, parking under the Library is now available, while the outside Library parking lot is designated Handicap Parking. Other lots available for general parking are at City Hall, BIG ARTS, and Herb Strauss Theater.

President’s Day Weekend Holiday Sidewalk Sales at:

  • Eileen Fisher
  • Gene’s Books
  • Huxters
  • Islander Center
  • Joey’s Custard, Bailey’s Center
  • Periwinkle Place
  • Sanibel Sea School

Campaign to Buy & Preserve More Land

ding darlingOne of the announcements at our Realtor® Caravan Meeting yesterday was by fellow Realtor Sarah Ashton, who is serving this year as Vice President of the “Ding” Darling Wildlife Society – Friends of the Refuge (DDWS).

She told us about DDWS’s annual fundraiser event “Go Wild” the night before. It was then that DDWS went public with their project to raise $3 million in private donations to complete the acquisition of the last large parcel of undeveloped land on Sanibel Island, called Wulfert Bayous. Would you believe that DDWS raised half a million dollars in just the last ½-hour of their event? Islanders are so generous!

Wulfert Bayous is 68 acres along San-Cap Road, adjacent to the J.N. “Ding” Darling National Wildlife Refuge. It was slated for development with permitting for 29 large homes.

Ding FundraiserAs posted on DDWS’s website: “DDWS has been working for several years behind the scenes to partner with funding sources and private donors toward the acquisition. As a result, on November 6, 2018, the Lee County Board of Commissioners voted in favor of exploring the acquisition and has asked county staff to pursue the possibility. DDWS also is looking into state funding and grants from the BP Horizon Spill as other alternative funding sources toward the remaining $6.5 million needed.

“From private donors, DDWS has to date raised $2 million toward the minimum $3 million it will need to raise in order to receive support from other funding sources. “There’s a possibility that the $3 million goal may change, depending upon the amount of funding received from the other sources we are investigating,” said Birgie Miller, DDWS Executive Director.

“The acreage along Wulfert and Sanibel-Captiva Roads is home to a number of species, including eagles, bobcats, gopher tortoises, and rare plants. It is also a stopover for migrating neo-tropical birds. Resident and seasonal birds alike would be seriously threatened by development, say refuge officials.

“The conservation and planned restoration of the Wulfert Bayous property will protect a 4-acre lake, 16 acres of existing mangroves, hardwood uplands, and 22 active gopher tortoise burrows. Wulfert Bayous contains 15 acres of wetlands that can be restored and enhanced to create a wading bird colony of roseate spoonbills, wood storks, white ibis, and other egrets and herons. Improvements would also include limited, passive public access for wildlife viewing.

““The 68-acre parcel will complete a wildlife corridor connecting surrounding conservation lands while stemming development and water quality degradation via natural filtration,” said John McCabe, DDWS Land Acquisition Committee Chair. “As the largest parcel of unprotected undeveloped land on Sanibel, it’s the vital piece of the puzzle that will ensure Sanibel’s future as the protected, pristine natural treasure we all love.”

““We are turning to private support to meet our required $3 million campaign goal,” said Birgie. “Time is of the essence for raising the money. If we do not meet the deadline, conservation could lose the parcel to residential development. We are looking for donations and pledges large and small within the next three months.”

“To pledge funds to save the Wulfert Bayous’ 68 acres from development, donors should contact Birgie at 239-472-1100 ext. 4 or director@dingdarlingsociety.org.”

Sanibel Prescribed Burns for 2019

Sanibelcityseal logoIt also was announced this week that the first of the island’s annual prescribed burns could begin soon. Representatives from the National Park Service, Florida Forest Service, U.S. Fish and Wildlife Conservation Commission, and Sanibel-Captiva Conservation Foundation, as well as Sanibel’s Natural Resource Department, police, and fire, work cooperatively in these efforts.

The targeted lands for 2019 include Legion Curve, the Sanibel-Captiva Road parcel, Sanibel Gardens Preserve, Frannie’s/Johnston Tract and North Center Tract, now called the Erick Lindblad Preserve.

The Legion Curve site which hasn’t been burned for several years was slated to be as early as this week depending on the weather. Prescribed burns here don’t occur every year. They are used to reduce hazardous fuels, to minimize the threat of catastrophe to wildlife, and maintain public safety. They also help restore natural habitat for wildlife. The timing of these burns can be wind related with neighboring property owners advised usually 48 hours before a burn occurs. More info is available through Sanibel’s Natural Resource Conservation Officer or the Refuge’s Supervisory Ranger.

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 8-15, 2019sancap GO MLS logo

Sanibel

CONDOS

6 new listings: Sundial #D310 1/1 $395K, Loggerhead Cay #461 2/2 $539K, Sanibel Arms West #K1 2/2 $569K, Compass Point #221 2/2 $725K, Sanibel Surfside #224 2/2 $799K, Beachcomber #D101 2/2 $1.099M.

5 price changes: Sundial #I103 1/1 now $469K, Cottage Colony West #101 1/1 now $610K, Lighthouse Point #211 2/2 now $619K, Pointe Santo #D21 2/2 now $675K, Pointe Santo #A1 2/2 now $925K.

9 new sales: Tennisplace #D33 1/1 listed at $237.5K, Sundial #D304 1/1 listed at $399.9K, Sundial #D204 1/1 listed at $419.9K, Seashells #3 2/2 listed at $449K, Cottage Colony West #108 1/1 listed at $624.9K, Cottage Colony West #116 1/1 listed at $625K, Loggerhead Cay #233 2/2 listed at$ 699K, Lighthouse Point #128 3/2 listed at $699K (our listing & sale), Sanibel Arms #F8 2/2 listed at $969K.

Beach

Bayside beach at Lighthouse Point

1 closed sale: Coquina Beach #3C 2/2 $435K.

HOMES

10 new listings: 718 Durion Ct 3/2 $669K, 1555 Sand Castle Rd 3/2 $725K, Moonshadows #1F 3/3 half-duplex $835K, 5835 Pine Tree Dr 3/2 $895K, 1410 Albatross Rd 3/3 $899K, 5186 Sea Bell Rd 3/3 $924K, 480 Sawgrass Pl 3/2.5 $999K, 844 Lindgren Blvd 3/3 $1.395M, 5723 Baltusrol Ct 4/4.5 $1.849M, 1898 Woodring Rd 2/2 $2.8M.

25 price changes: 974 Sand Castle Rd 3/3 half-duplex now $509K, 6447 Pine Ave 3/2.5 now $615K, 1674 Bunting Ln 3/2 now $639K, 922 Pepper Tree Pl 2/2 now $639K, 5256 Punta Caloosa Ct 3/2 now $650K, 1478 Albatross Rd 3/2 now $669K, 1225 Seagrape Ln 3/3 now $729K, 4245 Gulf Pines Dr 3/2 now $739K, 256 Daniel Dr 3/2 now $779K, 1223 Par View Dr 3/2 now $819K, 218 Daniel Dr 3/2.5 now $849K, 9454 Calla Ct 3/2 now $925K, 478 Sea Oats Dr 3/3 now $989K, 534 N Yachtsman Dr 3/2 now $989K, 920 Snowberry Ln 3/3.5 now $1.05M, 734 Pyrula Ave 3/2.5 now $1.195M, 297 Ferry Landing Dr 3/3 now $1.249M, 466 Sea Oats Dr 4/3.5 now $1.249M, 1283 Isabel Dr 3/2 now $1.25M, 1525 San Carlos Bay Dr 4/2 now $1.549M, 982 Whelk Dr 3/2.5 now $1.275M, 5606 Baltusrol Ct 4/6 now $1.795M, 2564 Wulfert Rd 4/5.5 now $1.9995M, 6071 Sanibel-Captiva Rd 5/4.5 now $2.395M, 5615 Baltusrol Ct 4/6/3 now $3.195M.

5 new sales: 848 Rabbit Rd 3/2 listed at $549K, 5260 Caloosa End Ct 3/2 listed at $597K, 585 Lake Murex Cir 3/2 listed at $659K, 1284 Par View Dr 2/2 listed at $679K, 2332 Troon Ct 4/5 listed at $1.595M.

1 closed sale: 531 Piedmont Rd 3/2 $415K.

LOTS

1 new listing: 6053 Sanibel-Captiva Rd $1.195M.

2 price changes: 2486 Wulfert Rd now $149K, 6127 Starling Way now $1.36M.

No new or closed sales.

Captiva

CONDOS

2 new listings: Bayside Villas #4116 1 /2.5 $380K, Captiva Hide-A-Way #2D 2/2 $989K

4 price changes: Lands End Village #1629 2/2 now $1.419M, Beach Homes #2 3/2 now $1.995M, Beach Homes #11 4/3 now $2.895M, Captiva Cove #C 5/4 now $3.695M.

1 new sale: Beach Villas #2428 2/2 listed at $629K.

3 closed sales: Beach Villas #2625 2/2 $595K, Beach Villas #2538 3/3 $900K, Lands End Village #1655 2/2 $989K.

HOMES

1 new listing: 11525 Wightman Ln 3/2 $1.295M.

4 price changes: 16333 Captiva Dr 4/2/2 now $1.895M, 16163 Captiva Dr 3/2 now $2.495M, 17101 Captiva Dr 7/6/1 now $2.779M, 11559 Laika Ln 2/2/2 now $4.9M.

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.

Vice Presidents LogoHere’s hoping you enjoy your Presidents’ Day weekend! It’s a great time to buy on the island favored by our current Vice President! Please contact SanibelSusan if The SanibelSusan Team may help you!

Susan Andrews, aka SanibelSusan

 

Sunny 79 Degrees F = Happy Sanibel on Feb 1st


w gulf dr sanibel beach with more peopleIt sure is great to be back on the islands, especially with the deep winter freeze reported in so many areas of the country. With temperatures here this week about 10 degrees lower than normal at this time of the year, a few islanders have grumbled about needing to kick their heat on and dig out their warmer sweaters and jackets. Mostly however, we have worried about friends and family up north and wish their frigid weather soon ends.

w gulf dr sanibel beach pathThe islands’ good weather news today is that day-time temperatures here finally are back into the high 70’s, with even some low-80’s predicted for the weekend. The SanibelSusan Teams hopes that being the warmest state in the nation will bring more visitors and buyers to the sunshine state, especially the islands.

As traffic here increases, business likewise seems to be growing. Our various Open Houses this week had more visitors, while our listings had a little more activity too. Teammate Dave and I also were both out working with buyers and showing property.

Sanibel realtors logoAt the islands’ Association of Realtors® Caravan meeting yesterday, there were more new sales announced – also, many new listings and price reductions. The action posted in the Sanibel & Captiva Islands Multiple Listing Service this week follows a few news items below.

First, a summary of today’s inventory (2/1/2019) compared to sales action this year, and 2018.

  Condos Homes Lots
Sanibel # Avg $ Price DOM # Avg $ Price DOM # Avg $ Price DOM
For sale 117 776,218 137 236 1,377,691 160 65 677,785 417
Under contract 10 804,150 78 23 1,300,213 148 1 189,900 23
Sold to-date in 2019 6 626,875 123 9 1,057,222 149 0 N/A N/A
Sold in 2018 155 720,617 172 218 1,112,748 162 21 602,095 240
 
Captiva # Avg $ Price DOM # Avg $ Price DOM # Avg $ Price DOM
For sale 41 1,153,068 223 43 3,065,012 244 3 4,296,333 418
Under contract 5 1,759,380 453 0 N/A N/A 0 N/A N/A
Sold to-date in 2019 1 389,000 43 1 2,800,000 181 0 N/A N/A
Sold in 2018 27 797,532 153 25 2,127,352 290 0 N/A N/A

First Florida Water Policy Summit

Organized around the idea that “clean water is a basic human right”, the first Florida Water Policy Summit was held on January 21 featuring six speakers from local conservation groups speaking about actionable water policy that can improve Florida’s impaired waters. According to experts, Florida has a lot of impaired waters – currently 12 million acres under Best Management Action Plans which are 15-year restoration plans required by the federal government when a waterbody is not meeting quality standards.

clean water actThe Federal Clean Water Act requires each state to compile a list of such waterbodies. Then the Department of Environmental Protection conducts water shed assessments. Any waterbody that does not meet pollution standards is scheduled for a Total Maximum Daily Load, which is a limit for the amount of a particular pollutant that a waterbody can handle. The next step after establishing that “Load” is writing up the Action Plan to restore those waters. Current reports show that Florida has 416 waterbodies with “Loads”, with 80 others on a waitlist to receive one.

ConservancyofSWFLSpecialists with the Conservancy of Southwest Florida offered some insight into how Florida got the point where almost a third of the state is under water quality restoration plans. Those answers are complicated (quotes below from January 30, 2019 “Sanibel-Captiva Islander”:

“A combination of harmful agricultural run-off, insufficient urban stormwater treatment, and fertilizer use have mixed us a cocktail of toxic water.

“Under Florida water law, farmers can sign a notice of intent to implement best management practices – essentially promising to comply with water quality standards.

“This grants a “presumption of compliance,” regardless of whether they are actually meeting standards or not.

“…Doing away with that presumption of compliance, updating stormwater run-off standards to remove more nutrients, and strengthening local fertilizer ordinances can all help improve water quality.

“And then there is Lake Okeechobee.

“The U.S. Army Corps of Engineers created the Lake Okeechobee Regulation Schedule in 2008, and it was intended as an interim measure until repairs to the Herbert Hoover Dam were completed.

“Those repairs still are not done.

“The Corps expects them to be finished by 2022, but they have said they will not change the Schedule until the dam is completed.

“According to Florida’s director of the Center for Biological Diversity, the Schedule did not consider cyanobacteria and red tide, claiming it was unlikely that discharges from the lake caused harmful algal blooms, and did not analyze them any further.

“But discharges from the lake do cause problems.

“Rae Ann Wessel, natural resource policy director at the Sanibel-Captiva Conservation Foundation, refers to the issue of balancing the lake’s flow levels as “The Goldilocks Condition.”

“Propelled by gravity, Lake Okeechobee’s discharges travel across 75 miles of freshwater river and estuary and three lock and dam systems to reach the Gulf of Mexico.

“Too much flow from the lake washes valuable fish and oyster nurseries out into the Gulf, decimating the ecosystem.

“Too little flow chokes these habitats with salt.

“”When we don’t get enough flow into the system through the western lock, the water that is fed by tidal action from the Gulf up the river brings much more salinity than some of these habitats can tolerate,” Wessel said.

“Habitats like tapegrass, which provide a home for crab, fish, and oysters that filter feed and clean water naturally, are destroyed.

“”Not only do we lose the tapegrass, we also lose 100% of the oyster reef that is downstream, and those are filtering water for free. 50 gallons a day for a single oyster is a huge contribution to our water quality,” she said.

“In 2001, the South Florida Water Management District set a minimum flow level of 300 cubic feet per second.

“Scientists realized this forgot to account for inflows to the estuary coming downstream from Telegraph Creek and Orange River, so they adjusted the number to 450, Wessel said.

“”That’s important because it shows up in the Schedule, and every habitat analysis for every state and federal Comprehensive Everglades Restoration Plan project as a habitat metric. So if you’re meeting 450 cubic feet per second for the Caloosahatchee, it says you’re golden… and we know that’s just not true,” she said.

“A more ideal number is closer to 800, all the way up to 1,000 cubic feet per second, according to Wessel.

“The South Florida Water Management District recently set the flow level to 400 cubic feet per second, and the City of Sanibel gathered three other neighboring municipalities, including Cape Coral, to challenge that rule in administrative court, asking for more flows.

“That case is still awaiting a ruling.

“We’re doing oyster restoration and tapegrass restoration, but it’s not accounted for in the district’s analysis. They say the tapegrass is doing fine, but that’s because we keep going in and planting it,” Wessel said.

“With all of this in mind,… it is important for citizens to ask the Corps to address the regulations schedule as soon as possible, and to finish repairs to the dam by June 2020.

“”It can be done by then, and we need to demand it….”

“Wessel reminded everyone that it is not just Lake Okeechobee to blame for all our problems, because the watershed the discharges flow through to reach the Gulf is almost two Lake Okeechobees in size.

“”There are many times when we are getting no discharges from the lake, and we’re having harmful flows just from the estuary and river watershed. So keep in mind that when we talk about where the problems start, and where the solutions lie, it’s important to recognize that it’s all of us, we all contribute to it,” she said.

Important Addition to South Florida Water Management District (SFWMD)

sfwmd LOGO.jpgLocal water quality advocates were encouraged two weeks ago when Florida’s new Governor, Ron DeSantis took office and almost immediately issued a water policy order and requested that all board members of the South Florida Water Management District board resign.

This week, Gov DeSantis appointed outgoing Sanibel City Councilman Chauncey Goss to serve on the district’s 9-member panel. Chauncey has not only a keen connection to the island (yes, his Dad was Sanibel’s first Mayor), he has an impressive resume, having served in senior roles in politics both in the U.S. House and the White House. He is on the Board of Directors at the Sanibel-Captiva Conservation Foundation, Captains for Clean Water, Lee County Coastal Advisory Council, Lee County Parks & Recreation Advisory Board, Southwest Florida Community Foundation, and Charlotte Harbor National Estuary Program, among others. Last week, he announced that he would not seek re-election to the City council post he has served on since March 2015.

Following Goss’ appointment, the SFWMD released the following statement:

“The South Florida Water Management District appreciates Gov. Ron DeSantis’ leadership in making the restoration of Florida’s Everglades and the protection of its water resources such a high priority. His recommendation to allocate $625 million for state water resources projects like the Everglades Agricultural Area Storage Reservoir, as well as the actions laid out in his recent executive order, show that Gov DeSantis is leading the charge to restore, and protect Florida families, businesses, and the environment.”

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 25 – Feb 1, 2019sancap GO MLS logo

Sanibel

CONDOS

4 new listings: Sandalfoot #1C1 2/2 $959K, Pointe Santo #E3 2/2 $889K, Sundial #P203 2/2 $929.9K, White Sands #25 2/2 $999K.

6 price changes: Spanish Cay #F7 1/1 now $259K, Sundial #I103 1/1 now $479K, Oceans Reach #4B1 1/1 now $699K, Island Beach Club #210B 2/2 now $769K, Gulfside Place #305 2/2 now $1.49M, Plantation Village #312 3/2.5 now $1.595M.

2 new sales: Sand Pointe #228 2/2 listed at $749K, Kings Crown #311 3/2 listed at $999K.

2 closed sales: Sundial #G206 1/1 $457.5K, Clam Shell #E 3/2.5 $940K.

HOMES

12 new listings: 747 Martha’s Ln 3/2 $559K, 4619 Rue Bayou 3/2 $699K, 2010 Wild Lime Dr 4/4 $749K, 405 Tiree Cir 3/2 $824.9K, 543 Hideaway Ct 3/2 $929K, 5659 Sanibel-Captiva Rd 2/2 $949K, 1010 Kings Crown Dr 3/3 $1.245M, 928 Beach Rd 4/3 $1.295M, 228 Violet Dr 4/2/2 $1.949M, 572 Kinzie Island Ct 5/5 $2.15M, 2391 Shop Rd 3/2.5 $2.174M, 1237 Isabel Dr 5/6.5 $2.895M.

9 price changes: 1805 Ibis Ln 2/2 now $535K, 984 Black Skimmer Way 3/2 now $549.5K, 1973 Wild Lime Dr 4/3 now $689K, 955 S Yachtsman Dr 3/2 now $799K, 1307 Par View Dr 3/3 now $999K, 641 Lake Murex Cir 4/3 now $1.0355M, 829 Birdie View Pt 4/3.5 now $1.19M, 6425 Pine Ave 4/3 now $1.595M, 1743 Venus Dr 4/3.5 now $1.699M.

7 new sales: 531 Piedmont Rd 3/2 listed at $439.5K; 529 Lake Murex Cir 3/2 listed at $749,947; 1236 Par View Dr 3/2.5 listed at $889K; Moonshadows #2E 2/2 listed at $895K (our buyer); 3351 Saint Kilda Rd 3/3 listed at $1.25M; 2640 Coconut Dr 2/2 listed at $1.375M; 5407 Osprey Ct 4/3 listed at $1.595M.

Image 4.jpg

Moonshadows looking from Sanibel River to Gulf of Mexico

2 closed sales: 4290 Gulf Pines Dr 3/2 $510K, 568 Sea Oats Dr 3/2.5 $730K.

LOTS

No new listings.

4 price changes: 1817 Long Point Ln now $309K, 5251 Indian Ct now $689K, 6505 Pine Ave now $779K, 6519 Pine Ave now $799K.

No new or closed sales.

Captiva

CONDOS

2 new listings: Beach Villas #5114 1/2 $412K, Beach Villas #2227 1/1 $539K.

2 price changes: Beach Homes #17 4/3 now $3.25M, Beach Homes #25 3/2 now $1.895M.

No new sales.

No closed sales.

HOMES

2 new listings: 14981 Binder Dr 3/3 $1.049M, 11501 Laika Ln 3/3 $1.595M.

2 price changes: 16596 Captiva Dr 5/5/2 now $6.979M, 17030 Captiva Dr 6/7.5 now $7.98M.

No new sales.

1 closed sale: 1102 Tallow Tree Ct 5/4 half-duplex $2.8M.

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, Susan Andrews, aka SanibelSusanRoseatesAnhinga

Real Estate Scoop from Florida Realtors & Sanibel


i-wear-flip-flops-in-winterFlorida Realtors logoIt is a long-distance joint effort this week as SanibelSusan finishes up today at the Florida Realtors Mid-Winter Business Meetings in Orlando while teammates Dave, Elise, and Lisa keep things running smoothly on the island.

It is always rewarding to be part of the state leadership team. Though we only meet twice a year, much is accomplished in just a few meeting-packed days, while the networking and friendships made create invaluable resources and future referrals for years.

header_midwinter_2This business has changed so much since I got my real estate license almost 30 years ago, that just keeping up with the times can be challenging. To think that there are now over 400,000 real estate licensees in Florida, just the numbers are staggering. Last year, Florida real estate sales totaled $126.5 Billion. Also last year, Florida Realtors offered 1,158 courses with 35,235 students attending. Those are all record numbers.

Those numbers make it sound like peanuts that on Wednesday our state Audition Panel evaluated more prospective instructors to teach state-approved classes than we have ever done in a single day – a total of 48 live auditions and 12 written. Yesterday, our Curriculum Subcommittee also voted to approve, renew, update, and translate many classes.

Through the year, I occasionally am called upon to evaluate a written application to teach a class, or to perform a telephone interview with a prospective teacher. It’s satisfying, through the years, to watch some of these rookies turn into cracker-jack instructors, successful brokers, and even authors. One of them will Chair the state Professional Development Committee next year. Today, that Committee approved all of the instructors and class changes that the subcommittees recommended.

Another interesting aside from these Florida Realtors meetings are our common problems. As part of the Legislative Think Tank, the Resort and 2nd Home breakout group meeting yesterday shared the same difficulties being experienced in many areas. Those ranged from short-term and vacation rentals affected by such third party purveyors as AirB&B and VRBO, to similar changes in city/town/community regulations, to occupancy changes from water quality issues and the like.

Florida Realtors PAC continues to provide strong representation and lobbying in Tallahassee to protect your property rights and property values. (Wednesday night, the Sanibel & Captiva Islands Association of Realtors received two state awards for their 2018 member PAC participation. Our local district pals in Bonita Springs -Estero won an award too.)government_affairs_rpac_logo_home

In the technology and legal world, changes in rules on advertising, teams, and copyrights, plus phishing, spams, wire fraud, and new contract requirements, make attendance at these meetings so important in staying ahead of the curve and out of trouble. Thanks to my team for making it possible for me to be part of these meetings. I’ll be back on Sanibel tomorrow in time to show homes on Sunday.

The action posted in the islands’ Multiple Service this week follows a news item below. On the island, and echoed in Orlando, is that last quarter 2018 and 2019 business to-date is off, but expected to improve. Here, it usually happens when the islands are busiest February and March. That’s soon. The SanibelSusan Team is ready.

What Will Increase the Value of My Property?

Money tightRealtors® often are asked what improvements will increase the value of a property when it is time to sell.

In most cases, buyers want a property that is move-in-ready. Usually, a few interior updates will help. In considering those improvements, do not over-improve beyond your community’s reasonable resale value.

Probably the most desired are remodeled kitchens and baths. They also bring the biggest return on investment. If full renovations are not possible, instead freshen with light neutral paint, new appliances, updated light fixtures, and kitchen/bath hardware.

Having consistent quality flooring throughout also is a plus with today’s buyers. Classic timeless styles rather than trendy options usually produce the best results.

Keeping the roof, windows, HVAC system, pool including cage and equipment, and hot-water heater well maintained also are important.

sancap GO MLS logoSanibel & Captiva Islands Multiple Listing Service Activity January 18-25, 2019

Sanibel

CONDOS

5 new listings: Sundial #C410 1/1 $475.9K, Sundial #I401 1/1 $489.9K, Loggerhead Cay #471 2/2 $569K, Sanibel Arms West #K5 2/2 $579K, Sundial #J204 2/2 $793K.

6 price changes: Tennisplace #C32 2/1.5 now $305K, Sanctuary Golf Villages I #3-1 2/2.5 now $640K, Loggerhead Cay #233 2/2 now $729K, Sundial #A201 2/2 now $899K, Sanibel Surfside #231 3/3.5 now $1.395M, Cyprina Beach #1 3/3 now $1.745M.

2 new sales: Sundial #F206 1/1 listed at $429K, Nutmeg Village #103 2/2 listed at $795K.

1 closed sale: Sundial #J401 1/1 $561,750.

HOMES

9 new listings: 9228 Belding Dr 2/1.5 $529K, 9393 Peaceful Dr 3/2.5 $839K, 1559 Sand Castle Rd 3/2 $850K, 9454 Calla Ct 3/2 $950K, 1030 Kings Crown Dr 2/2 $998K, 1039 Sand Castle Rd 3/3 $999K, 1450 Royal Poinciana Dr 3/2.5 $1.248M, 2303 Troon Ct 3/3.5 $1.298M, 1653 Hibiscus Dr 3/2 $1.495M.

9 price changes: 693 Rabbit Rd 3/2 now $547K, 4619 Brainard Bayou Rd 3/2 now $627K, 1442 Sand Castle Rd 3/2 now $689K, 9052 Mockingbird Dr 3/2 now $699K, 749 Cardium St 3/2 now $699K, 3050 West Gulf Dr 3/2.5 now $849.9K, 335 Cowry Ct 4/3.5 now $999K, 6047 Sanibel-Captiva Rd 3/2.5 now $1.195M, 772 Birdie View Pt 3/3.5 now $1.295M.

2 new sales: 1740 Middle Gulf Dr 4/3 listed at $850K, 925 Whelk Dr 3/3.5 listed at $2.375M.

4 closed sales: 824 Birdie View Pt 3/3 $850K, 1433 Sanderling Cir 3/3 $1.025M, 1426 Causey Ct 3/2.5 $1.09M, 2622 Coconut Dr 5/3.5 $2.55M.

LOTS

1 new listing: 6217 Starling Way $1.4M.

1 price change: 3354 Barra Cir now $399K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #4112 1/2 $384,999.

No price changes.

3 new sales: Beach Villas #2538 3/3 listed at $909.9K, Lands End Village #1655 2/2 listed at $1.055M, Sunset Captiva #302 4/3 listed at $ 2.248M.

No closed sales.

HOMES

1 new listing: 16333 Captiva Dr 4/2/2 $2M.

1 price change: 56 Sandpiper Ct 2/2.5 now $874.5K.

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! Signing off from chilly Orlando where it’s been into the 40’s & 50’s all day (that’s degrees F). Good thing I brought my winter flip flops. It hasn’t been much warmer on Sanibel.

Susan Andrews, aka SanibelSusan

Another Sunny Sanibel Friday With Temps in Mid-70’s


210.JPGIt seems that SanibelSusan’s Friday island updates often begin with weather and traffic reports. Why should this week be any different? So, I’ve had my heat on at home at night for almost a week now and we often have kicked it on at the office first thing in the morning to take the chill off. Temperatures in the 50’s and 60’s are hardly a chill, particularly when looking at the national weather forecast and the snow expected to hit New England and the Midwest this weekend. We hope that those affected stay warm and safe.

scotch bonnet shell 01-15-19Usually those winter snowstorms affect Florida weather in some way, sometimes resulting in good shelling. Those doing the Sanibel Stoop continued to find special shells this week. Here’s a jumbo Scotch Bonnet collected on January 15th.

Here, the forecast for next week shows day-time temperatures in the mid-60’s to mid-70’s. With a low in the 40’s expected Sunday night (that could be our lowest of the year so far).

Island roadway traffic and business are still off compared to previous January’s. Today, traffic past the office is a little heavier with an Arts & Crafts Fair going on at The Community House. It’s going on there tomorrow too. Real estate business usually picks up in February, with the islands are at their busiest.

At the local Association of Realtors® meeting yesterday only a couple of sales were announced, but there were plenty of new listings and price reductions. A full caravan followed including our new listing at Lighthouse Point which got good feedback by both Realtors® and neighbors/island visitors. It’s great value, priced to sell quickly if you are interested in a beach-front 3-bedroom on the bay. (photos below)

The details on all of the islands’ Multiple Listing Service action since last Friday follow a few news items below.

Tonight is the Association’s annual Installation & Awards Banquet at The Sanctuary.

Florida Realtors® Mid-Year Business Meetings

header_midwinter_2.jpgNext week are the Florida Realtors Mid-Winter Business Meetings in Orlando where state leaders kick off the year. With that trip in mind, I’ve been watching Orlando forecasts too. Their forecast shows their daytime temperatures expected to be higher than here (80 degrees Saturday and 78 degrees Wed). But their nights are regularly into the 40’s.

Teammates Dave, Elise, and Lisa will be covering on-island while I’m away. The meeting schedule is consolidated this year, so I’ll be back on island Saturday. Wednesday, I again am sitting on the Audition Panel for Florida Realtors® instructors. We have a record number of 48 auditions scheduled during our all-day session. Thursday morning the Legislative Think Tank meets, as well as the Resort & 2nd Home Forum (where water quality and short-term rentals are on the agenda). Thursday afternoon, I have a Curriculum Subcommittee meeting in preparation for Friday’s Professional Development Committee meeting. With multiple meetings and events happening simultaneously, it’s always a productive invigorating time including great networking. Hard to believe this will be my 21st year serving. Today’s technology sure makes participating and doing business from afar easier now.

Florida Brokers Use New Tax Law as a Marketing Tool

bloomberg logoFrom Monday’s Florida Realtors® on-line:

“MIAMI – Jan. 14, 2019 – Florida real estate professionals are pitching the state’s tax benefits in places like New York, New Jersey and Connecticut – states where homeowners were hit the hardest by a sweeping tax law that capped deductions on state and local taxes since they have some of the highest income and property taxes. “What we’ve done is kind of double down on the Northeast because of the tax incentives,” says Daniel de la Vega, president of ONE Sotheby’s International Realty in Miami.

“Under the tax law, deductions for state and local taxes, including property taxes, are limited to $10,000. According to Jay Phillip Parker, CEO of Douglas Elliman Real Estate’s Florida operations, “If you’re looking at an ultra-high net worth individual or a very high-income employee, if they can make the move, there are real benefits.”

“The efforts appear to be gaining traction, with Redfin reporting an average 5% gain in sales prices for Florida luxury homes on a year-over-year basis in the third quarter. Moreover, Florida luxury home prices have outperformed the national average for four consecutive quarters. Over the same year-over-year period, luxury home sales in Florida edged up 6%, but declined 0.7% nationally.

“Cristobal Young, a Cornell University sociologist and author of “The Myth of Millionaire Tax Flight: How Place Still Matters to the Rich,” says that if you strip Florida out of the national data, evidence of rich people moving from high- to low-tax states essentially disappears.”

Source: Bloomberg (01/11/19) Levin, Jonathan

© Copyright 2019 INFORMATION INC., Bethesda, MD (301) 215-4688

2018 Was 3rd Year For Above-Average Catastrophes

Florida Realtors logoFlorida Realtors posted the below article on-line yesterday:

“CoreLogic’s annual Natural Hazard Report, which addresses the recent wildfires in California and severe rainfall- and hurricane-induced flooding throughout the nation, as the leading catastrophes in 2018.core logic logo

“Much like 2017, last year was an above-average year for hurricanes, flooding, wildfires and severe winds, the report concludes. It’s the 3rd year in a row for increased damage from disasters, which property insurance companies consider when requesting rate increases.

“The annual report analyzes hazard activity in the U.S. including events for Atlantic and Pacific hurricanes, flooding, wind, wildfire, earthquake and volcano, hail and tornado, as well as several international events including typhoons and cyclones in Japan, Oman, Hong Kong and the Philippines.

“”In 2018, the U.S. continued to experience damaging weather and natural catastrophes in high exposure areas, and in some instances, in regions that had been impacted in less than a year prior,” says Howard Botts, chief scientist, CoreLogic. “Hazards will always pose a real threat to homes and businesses and knowing exactly what that risk entails is critical to helping ensure sufficient protection from the financial catastrophes that so often follow natural disasters.”

“Report highlights

Flooding

In 2018, there were over 1,600 significant flood events that occurred in the U.S., 59% of which were flash flood-related.

“Residential and commercial flood damage in North Carolina, South Carolina and Virginia from Hurricane Florence is estimated at $19 billion to $28.5 billion, of which roughly 85% of residential flood losses were uninsured.

“Multiple states, including Texas, North and South Carolina, Maryland and Wisconsin, experienced 1,000-year floods; several 2018 floods occurred less than two years after an earlier problem, even though they’re considered 1,000-year flood events.

“Six percent of properties nationwide are within Special Flood Hazard Areas (SFHA), and approximately one-third of those have flood insurance policies.

Atlantic hurricanes

“The 2018 Atlantic Hurricane season saw 15 named storms, eight of which were hurricanes. Two of these, Hurricanes Florence (Category 1) and Michael (Category 4), made landfall along the U.S., making 2018 the third back-to-back season of above-average hurricane activity in the Atlantic.

“Approximately 700,000 residential and commercial properties experienced catastrophic flooding and wind damage from Hurricane Florence, which is estimated to have caused between $20 to $30 billion in insured and uninsured loss.

“Michael is the strongest hurricane to make landfall in the Florida Panhandle since 1900 and the strongest hurricane to make landfall in the U.S. since Hurricane Andrew in 1992. It’s estimated to have caused $2.5 to $4 billion in residential and commercial insured loss from wind and storm surge.

Wildfire

“The number of acres burned in 2018 is the eighth highest in U.S. history as reported through Nov. 30, 2018.

A total of 11 western states had at least one wildfire that exceeded 50,000 burned acres; the leading states were California and Oregon, each with seven fires that burned more than 50,000 acres.

“The November 2018 Camp Fire in Northern California destroyed nearly the entire city of Paradise and brought damage or destruction to 18,804 structures.

“The Woolsey wildfire in the coastal community of Malibu destroyed more than 1,600 structures.

CoreLogic estimates that the combined total insured and uninsured loss for these two wildfires is between $15 billion and $19 billion.”

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 11-18, 2019sancap GO MLS logo

Sanibel

CONDOS

5 new listings: Donax Village #10 1/1.5 $379K, Loggerhead Cay #582 2/2 $689K, Sandpiper Beach #303 2/2 $785K, Tarpon Beach #112 2/2 $1.149M, Atrium #207 2/2 $1.55M.

5 price changes: Tennisplace #D22 1/1 now $235K, Tennisplace #B22 2/1.5 now $309K, Sundial #H108 1/1 now $459K, Pointe Santo #B2 2/2 now $699K, Villas of Sanibel #A102 3/3 now $1.49M.

1 new sale: Bayview Village #2A 3/3 listed at $749K.

1 closed sale: Compass Point #232 2/2 $585K (our buyer).

compass point from beach

Compass Point from the beach

HOMES

5 new listings: 4755 Ruelle 3/3 $785K; 2441 Los Colony Rd 4/2.5 $898,997; 3351 Saint Kilda Rd 3/3 $1.25M; 5407 Osprey Ct 4/3 $1.595M; 4143 West Gulf Dr 4/3.5 $6.795M.

14 price changes: 1027 Sand Castle Rd 2/2 now $499K, 9248 Dimmick Dr 3/3 now $630K, 1441 Sand Castle Rd 3/2.5 now $699K, 721 Cardium St 3/2 now $745K, 1978 Roseate Ln 3/2 now $748.9K, 1225 Seagrape Ln 3/3 now $799K, 4760 Rue Helene 3/2 now $829K, 1656 Middle Gulf Dr 3/4 now $895K, 4787 Rue Helene 4/3 now $959K, 5422 Shearwater Dr 3/2.5 half-duplex now $989K, 1345 Eagle Run Dr 3/2.5 now $1.195M, 532 Sea Oats Dr 4/4 now $1.495M, 500 Kinzie Island Ct 3/3 now $1.499M, 784 Limpet Dr 4/3 now $1.789M.

7 new sales: 9431 Moonlight Dr 3/2 listed at $597K, 221 Robinwood Cir 3/2 listed at $679K, 678 Durion Ct 3/2 listed at $799K, 2479 Blind Pass Ct 3/2 listed at $874.9K, 1127 Buttonwood Ln 3/2.5 listed at $925K, 789 Pyrula Ave 4/2.5 listed at $999K, 1230 Ferry Rd 3/4 listed at $1.095M.

No closed sales.

LOTS

No new listings.

3 price changes: 5847 Pine Ave now $349,555; 0 Island Inn Rd now $849,555; 4767 Tradewinds Dr now $1.595M.

1 new sale: 4565 Bowen Bayou Rd listed at $189.9K.

No closed sales.

Captiva

CONDOS

1 new listing: Gulf Beach Villas #2112 1/1 $517.9K.

1 price change: Seabreeze #1253 3/3 now $1,799,999.

1 new sale: Beach Villas #2625 2/2 listed at $635K.

1 closed sale: Bayside Villas #5234 1/2 $389K.

HOMES

3 new listings: 11544 Wightman Ln 4/4.5 $2.395M, 15831 Captiva Dr 2/2.5 $4.15M, 16548 Captiva Dr 4/4 $4.5M.

3 price changes: 11535 Wightman Ln 4/4 now $1.849M, 11547 Laika Ln 4/4 now $2.395M, 16531 Captiva Dr 8/8 now $3.6M.

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.

dsc01361

Enjoy your weekend!

Until next Friday, Susan Andrews, aka SanibelSusan

1st Weekend of 2019… Sanibel Shelling Still Amazing


As the new year begins, island roadways and bike paths continue to be busy – a noticeable increase from before Christmas with plenty of holiday visitors here enjoying the warm temperatures and sunshine. Temperatures got up into the mid 80’s on Wednesday, but that is expected to change a little when a mini-cool front arrives tomorrow dropping nighttime temps into the 50’s. After that, sunny but low-70-degree days may be the norm for the foreseeable future.

If you follow Sanibel Shell Seekers on Facebook, you likely have seen that the number and sizes of the shells found since the storms pre-Christmas are phenomenal. Here are a couple of their pix posted there: lightening whelks by Michael Gillmore and sharks eyes by Marci Canty. Aren’t the colors amazing!

michael gillmore sanibel shell seekersmarci canty sanibel shell seekers

Those here, please remember, that “in season”, it’s smart to plan travel around the heavier traffic coming on-island in the morning and off-island late afternoon.

Also, in typical winter fashion, as soon as condo listings are occupied, we get showing requests. It’s always challenging to sell properties that are in rental programs where the property managers do not allow showings during guest stays. That’s when encouraging Realtors® to walk the complex, point out the location/view, and professional photography/colored fliers become more important. Serious buyers understand. This week, we were fortunate when a cooperative owner guest allowed several showings. At another property, where a long-term guest had just arrived, we weren’t as lucky.

Wondering if the islands have any sales action here during the short New Year’s week? The Sanibel & Captiva Islands Multiple Listing Service activity since last Friday is after a few news items below.

Annual Meetings, Fee Changes, & More

Sanibel realtors logoMany Southwest Florida condominium and homeowner associations hold their annual meetings in the winter when more owners are in town. We work hard to keep info about our listings up-to-date. Local Realtors® and our Sanibel & Captiva Islands Association of Realtors® are smart about sharing any new info about planned projects, changes in fees or special assessments, or even talk about upcoming maintenance events.

At yesterday morning’s Realtor® Caravan Meeting, a colleague announced that the City has approved Sandy Bend condominium putting in a swimming pool. Sharing info like this is an important part of making sure that everyone involved in a transaction knows what is happening at the property.

2019 Economic Outlook: Mostly Strong

gulfshore business logoFrom December 2018 issue of “Gulfshore Business” magazine:

“Local experts forecast how our key business sectors will fare next year.

“Southwest Florida has been bombarded with a lot of unwanted “color” in 2018 – red tide, blue-green algae, citrus greening. The question for 2019: Will our economy be in the red or in the black?

“”Gulfshore Business” gathered data from economists and industry experts who forecast the health of our local markets for real estate, tourism, agriculture, finance and health care for the new year.

“It looks to shape up like another good year for Florida,” says Jerry Parrish, chief economist and director of research at the Florida Chamber Foundation. “Over the past five years, Florida produced one out of 11 new jobs in the U.S.”

“Parrish says the probability of a recession over the next nine months, barring a “black swan” unexpected event, is very low. “People are moving here, taking jobs, building homes, buying because there’s opportunity,” he says. “I see that continuing for next year. Even if the economy softens a little bit, Florida’s still going to be strong.”

“The Southwest Florida region tends to overheat during boom periods and overcorrect during busts, says Chris Westley, director of the Regional Economic Research Institute and professor of economics at the Lutgert College of Business at Florida Gulf Coast University.

“Gross domestic product data show the region’s economic activity bounced back from the 2008 recession in 2014 and remained strong until 2017 (the most recent numbers available). “Then it began to slow down considerably,” Westley says, noting overall GDP for Collier County in 2017 was 1.2%, the first time it dipped below 3% in five years. Lee County was at 1.5%.

“Westley blames the decline on the slow growth of construction. “A lot of that is explained by Hurricane Irma. A lot of construction projects were put on hold,” he says. But construction employment rebounded in September 2018, increasing year over year in Collier County by 27.5% and in Lee County by 20%.

“”As long as the expansion continues, we can expect our region to exceed the state, and the state to exceed the country,” he says. However, Westley says many economists – who weren’t prepared for 2008 – believe a correction will happen in 2020. “If the economy continues to expand through next summer, we will be in the longest expansion in U.S. history. But, it’s been a pretty weak expansion. It’s possible that weak expansions last long. It’s possible we could fall into a recession next year or in 2021. It’s going to turn on a dime.”

“Real Estate and Development

ls-logo“Randy Thibaut, CEO of Land Solutions in Fort Myers, says we are not in a depression or in a recession. “We think we’re in a market correction and expect that to continue into 2020,” he says.

“He says factors that led to the market crash in 2008 are not happening today, such as runaway speculation and financing, and overbuilding of single-family homes. Although, he says, the potential does exist for overbuilding of assisted living and apartment construction.

“Thibaut says the combination of rising interest rates, prices becoming too expensive for most homebuyers, tariffs increasing the cost of building new homes, and increasing government fees all equate to a softening of the market.

“Interest rates are expected to rise to 5.8 or 6% by 2020. “In and of itself, 6 to 8% interest rates are not a scary thing,” he says. However, for every 1% the interest rate goes up, buyers average $20,000 less in borrowing power. That makes it more difficult for 1st time homebuyers to find affordable homes, with prices already higher in response to increases in labor, materials, concrete and land over the past five years. Now, he says, tack on an expected extra $9,000 per new home because of new tariffs on imported materials.

“Westley says many homebuyers in Southwest Florida have been saving up equity for 30 years and don’t need to take out a mortgage. Parrish says most international buyers are cash buyers as well. “They’re less sensitive to the interest rate, but sensitive to the U.S. dollar,” he says. “As they raise interest rates, the U.S. dollar will get stronger, too.”

“Thibaut says over the next several years, a great deal of building materials and labor will be redirected to northern Florida to assist with rebuilding after this year’s Hurricane Michael. “We’re mostly recovered from Hurricane Irma, but there are still signs of people waiting for roofs to be replaced,” he says. “It’s definitely added greatly to our labor shortage and cost of materials.”

“Despite all of that, Thibaut sees a stable market. “We have a tone of new millennial buyers and a stable stream of baby boomers continuing to make purchases in Southwest Florida,” he says. “They’re just a little more value-conscious than they were before.”

“Parrish says a greater number of people from high-tax states in the Northeast are moving to Florida, and even more are inquiring about housing and business relocation. He says rising interest rates are spurring some buyers to speed up their purchases, not delay them. “People with the means are moving to Florida,” he says. “We are going to see a big population bump.”

Tourism and Hospitality

sancap-logo-ylw-200px-1“John Lai, president and CEO of the Sanibel-Captiva Chamber of Commerce, says 2018 started off with record growth, but there was no playbook to prepare the region for the impact of red tide and blue-green algae.

“He says it led to a disastrous third quarter that was expected to rebound in the fourth quarter. “We were dealt an ecological disaster we weren’t expecting,” Lai says.

“Lee County bed tax collections were down 16.4% in August 2018 over last year. “That equates to $5.66 million,” Lai says. “Collier and Pinellas were both up. (Visitors) checked out and went to one of our competing drive markets.”

Jack Wert, executive director of the Naples, Marco Islands, Everglades Convention and Visitors Bureau, says red tide exposure in Collier County was limited to the northern beaches. “Most water-related tour companies felt declines in business, but not necessarily the hotels,” he says.

“Wert says 2018’s water quality issue is causing them to take a conservative outlook for 2019, expecting a 2% increase in visits. “We need to reassure people it’s OK to come,” he says.

“Group meeting reservations for the first three months of 2019 are already on pace in Collier County. “It’s a positive outlook,” Wert says. “Meeting planners are booking business, and we’re anticipating the leisure market will still be strong.”

Lai says the first quarter of 2019 in Lee County is expected to meet or exceed early 2018’s pace as well. He is hopeful that 2019’s weather will be helpful because of El Nino, which is expected to bring much wetter and colder weather to the Northeast. “We are seeing that travelers are very forgiving, and memories of disasters both manmade and ecological are staring to shorten,” he says. “We’re optimistic that 2019 will be the year that 2018 was shaping up to be.”

“The focus on Southwest Florida tourism isn’t just on the beaches. Wert says about eight hotels are in various stages of planning for inland Collier County, with two expected to open in 2019 in East Naples near the new Collier County Sports Complex. That facility will open its first phase in December 2019 for amateur sports tournaments. “Sports tourism will continue to grow,” Wert says. “That is driving some of that hotel development.”

“Lai echoes that sentiment, noting three new inland hotels will be opening in Lee County in 2019. “The demand is so strong,” he says, expecting amateur sports tournaments to continue boasting the local economy during the off-season. “Amateur sports have taken a leading role. I expect that to continue to grow in 2019.”

“The international market is also expected to be strong in 2019, despite a strengthening U.S. dollar that makes their travel more expensive. Wert says Canadian visits likely will be down, but strong demand from the U.K. and Germany persists. “A Collier County advantage is that most of our travels are upscale,” he says. “Fluctuations in the exchange rates don’t seem to affect their travel.”

While tourism focuses on out-of-town visitors, hospitality takes into account locals who partake in the area’s shopping, dining and entertainment. “Incomes are growing at near the rate before the last recession,” Parish says. “The outlook for hospitality is stronger than for tourism in general.”…”.

How To Prepare For a Home Inspection

Florida Realtors logoFrom the November/December 2018 issue of “FloridaRealtor®”

  • “If home is empty, leave utilities on and pilot lights lit.
  • Make sure electrical sockets, light fixtures, switches, and fans work.
  • Confirm smoke and carbon monoxide detectors operate.
  • Check that faucets and toilets run properly and don’t leak.
  • Clean stove and oven so they won’t smoke and set off alarm when tested.
  • Verify doors and windows open and close and all hardware works.
  • Clear obstructions around furnace (HVAC equipment), water heaters and attic access.
  • Leave keys for outbuildings and exterior electrical boxes.
  • Remove brush and debris from exterior inspection points.
  • Gather documentation for renovations or repairs that have been made.
  • Provide sketch showing location of septic tank and week.
  • Remove or crate pets.
  • Plan to be away for three hours minimum.
  • Consider having home pre-inspected so you can fix problems before the official inspection.”

What Buyers Should Ask After a Home Inspection

realtor logoI’ve been saving this article from “Realtor®” magazine of October 9, 2018. It seems appropriate now, after the above article.

“After an inspector has finished a home report, buyers may feel overwhelmed by any flaws that might have been found. That’s why it’s important they take the opportunity to learn more so that they can move forward confidently in the transaction.

“A recent article at realtor.com® recommends home buyers ask their inspector clarifying questions like: “I don’t understand this; what does it mean?” or “Is this a major or minor problem?” and “Do I need to call in another expert for a follow-up?”

“Home inspectors are bound to uncover something in a home; no home is perfect. But the majority of the problems they uncover will likely be minor. Have the home inspector clarify which problems fall within the “minor” or “major” categories.

“Keep in mind: “The inspector can’t tell you, ‘Make sure the seller pays for this,’ so be sure you understand what needs to be done,” Frank Lesh, executive director of the American Society of Home Inspectors, told realtor.com®.

“If the inspector identifies a potentially major problem, consumers will want to follow up whether they should call an additional expert in to investigate further. For example, consumers may need to bring in an electrician to take a closer look at potential electrical issues that were flagged or a roofer if a roofing problem is suspected. Those specialists can then give an idea of the cost to fix it, which the real estate agent can take to the seller to request a concession, if the seller doesn’t want to fix it prior to the sale.

“Also, Lesh says that the list of items a home inspector identifies are issues the new buyer may need to address as soon as they move in. He says it’s like a “to-do list” for those items that did not get repaired by the seller prior to the sale.”

Weather Changes Due to El Nino

island-water-logoInteresting forecast in the Winter 2018 issue of “IWA Pipeline”: “As noted in the fall Pipeline, Southwest Florida is likely to experience an El Nino winter in 2019. The National Oceanic and Atmospheric Administration (NOAA) is forecasting a 70-75% chance of El Nino conditions this winter. El Nino is predicted to materialize in late December or early January.

“El Nino is a warming of surface water temperatures in the tropical Pacific Ocean. That warming changes where the thunderstorms form in the Pacific so that the jet stream goes over Florida instead of north of Florida. An El Nino winter typically means a wetter and lightly cooler winter for Southwest Florida. NOAA is predicting above average rainfall between now and May 2019. Many Sanibel and Captiva residents remember the last El Nino winter in 2015-16 that brought record rainfall and caused our rivers to be inundated with freshwater. Ecological damage with blue-green algae blooms followed. The predictions for this El Nino are not as severe as 2015-16, but the need for landscaping irrigation should be decreased in the upcoming winter months.

“Now is the time to check your rain sensor to make sure it has been installed correctly and that it is working. If you don’t have a rain sensor tied to your irrigation system, by Florida law, you are required to have one installed if you have an automatic irrigation system. Having a properly working rain sensor should save you money during the usually dry winter months if, in fact, we experience an El Nino winter in Southwest Florida.”

Sanibel & Captiva Islands Multiple Listing Service sancap GO MLS logoActivity Dec 28, 2018 – Jan 4, 2019

Sanibel

CONDOS

3 new listings: Sundial #I103 1/1 $489K, Loggerhead Cay #562 2/2 $595K, Kings Crown #112 2/2 $699K.

6 price changes: Sundial #G206 1/1 now $464.9K, White Caps South #5 1/1 now $499.9K, Snug Harbor #312 3/2 now $668K, Signal Inn #3 2/1.5 now $695K, Island Beach Club #210B 2/2 now $784.9K, White Sands #13 2/2 now $919K.

3 new sales: Coquina Beach #3C 2/2 listed at $449K, Sundial #G206 1/1 listed at $464.9K, Island Beach Club #320F 2/2 listed at $699K.

2 closed sales: Blind Pass #C201 2/2 $430K, Sundial #T301 2/2 $700K.

HOMES

9 new listings: 724 Rabbit Rd 2/2 $645K; 678 Durion Ct 3/2 $799K, 257 Daniel Dr 3/2 $815K; 1752 Jewel Box Dr 2/2 $994K; 932 Whelk Dr 3/3 $1.295M; 982 Whelk Dr 3/2.5 $1.325M; 1136 Golden Olive Ct 4/4.5 $2.795M; 550 Lighthouse Way 3/4.5 $2,999,999; 1253 Anhinga Ln 4/4 $3.795M.

5 price changes: 974 Sand Castle Rd 3/3 half-duplex now $519K, 1018 Demere Ln 4/2 now $674K, 1244 Par View Dr 4/3 now $995K, 1349 Eagle Run Dr 3/2.5 now $1.085M, 742 Sand Dollar Dr 2/3 now $1.089M.

2 new sales: 849 Beach Rd 4/4 duplex listed at $595K, 931 Snowberry Ln 4/4 listed at $1.35M.

No closed sales.

LOTS

2 new listings: 5321 Punta Caloosa Ct $377,555; 3869 West Gulf Dr $3.895M.

1 price change: 602 Boulder Dr now $439K.

No new or closed sales.

Captiva

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.

2018-06-13Until next Friday, enjoy your first weekend in 2019.

(Pix above of view from West Wind’s pool bar, which also serves chow from their Normandie Seaside Café. Open to the public too.)

Susan Andrews, aka SanibelSusan

Paradise-Style Winter Weather Wonderland


weather 12-28-18As The SanibelSusan Team looks forward to an island New Year, I am happy to report that Christmas week weather here has been wonderful. Today’s forecast says there will be warmer-than-usual days and nights until next week at this time.

Sunset-croppedThat means Sanibel temperatures in the mid- to high-70’s to low-80’s during the day, mid- to high-60’s at night. The weather folks also say that by next Friday, there may be a few showers and another cool-front arriving with lower temps (mid-60’s’ days, mid-50’s nights). Even so, SW Florida winter weather is the best!

Shelling12-21-18 Blind PassWith outstanding shelling still reported as a result of the storms last week, I think there are more shellers than usual on the beaches too. Long-time neighbors say it’s the best shelling in “50 years”. Wow!

There was no Realtor® Caravan yesterday, but the team has been hosting Open Houses hoping to attract buyers. The first heavy “season” traffic has resulted in cars backed up past the office from about 3 p.m. on every day since Christmas. There typically is an influx of day-trippers after holidays with both bike paths and roadways super busy.

Below are a couple of news items followed by the activity posted in the Sanibel & Captiva Islands Multiple Listing Service. There were no Sanibel/Captiva new sales this week. Though one condo and one home sale were posted in MLS, both were from earlier contracts.

Best wishes from all of us at The Sanibel Susan Team for a Happy New Year!

 

Mud Bugs Cajun Kitchen Now Open

mudbugs logoRestaurant choices on island again expanded recently with the opening of Mudbugs Cajun Kitchen at the former location of Sanibel Steakhouse at 1472 Periwinkle Way (across the street from Bill’s Bikes). The newly-renovated New Orleans-style eatery seats up to 150 people including 18 outdoor seats.

mudbugsServing both lunch and dinner, there are Cajun meals for every palate. Part-owner is long-time island restaurateur Larry Thompson known for his other eateries – the Lazy Flamingos, Sunset Grill, and Sanibel Fresh.

Florida Realtors® News: Top Real Estate Stories Of 2018

2018_Hanging_Decoration_PNG_Clip_Art_ImagePosted on-line at FloridaRealtors® on December 21, 2018: “Hurricanes hit, insurance rates rose, team ad rules got an update, and a real estate market marked by rising prices and tight inventory showed the first potential signs of change.

“Michael throws a boat ashore – On Oct. 10, 2018, Hurricane Michael slammed Florida’s Panhandle as the eye crossed near Mexico Beach. The category 4 storm was the first to target Northwest Florida and will forever impact future planning for the area – building codes, insurance rates and safety – after residents suddenly realized that their area faces just as much risk from deadly storms as the seemingly more vulnerable Florida cities to the south. The day after the storm, Florida Realtors® Disaster Relief Fund started accepting applications for aid and donations from Realtors throughout the state who wanted to help. A short while later, the national association’s Realtors Relief Fund (RRF) announced $400,000 in housing assistance for storm victims. Realtors, association staff, families and neighbors need so much. Any help you can offer is most appreciated.

“Insurance woes, from flood to AOB – The National Flood Insurance Program (NFIP) needs a major update but Congress keeps kicking the issue down the road. NFIP is deeply in debt but relied on by homeowners who need or want coverage. 2018 ended up where it started without a long-term solution, even though Realtors had a massive Call for Action before an expiration in September. On the property insurance side, coverage keeps getting more expensive, thanks in part to assignment of benefits (AOB) rules. Change is difficult without action by the Florida Legislature, and the problem could get worse as unscrupulous third parties over-charge for their work and then demand reimbursement from insurance companies, which may then pass increased costs on to their policyholders.

“What’s the word I’m looking for? – For some Florida Realtor teams, a Florida Real Estate Commission (FREC) rule update may be the biggest story of 2018. While new team ad rule requirements became official last summer, they give teams a full-year to prepare because, for some, it could mean a new name and major overhaul in every advertisement where it appears. FREC then opened the door to changes in individual ad rules, with a specific eye on the size of licensee names compared to broker names. The discussion will continue in 2019.

“Did you feel that? The market shifted – In the years leading up to 2018, a seller’s market dominated most areas of Florida. During the first half of 2018, a tight supply of for-sale homes frustrated buyers as median prices and interest rates moved higher and higher. As a result, buyers started to drop out, more sellers lowered asking prices, and bidding wars thinned out. By the second half of the year, quickly rising home prices became slowly rising home prices. Will all of this lead to a balanced market of buyers and sellers in 2019? Maybe. And when will the normal real estate cycle shift again to a buyers’ market? Stay tuned.

“The ‘higher mortgage rates’ prediction finally came true – For five years, experts’ end-of-year predictions called for higher mortgage rates in the new year – and for five years they’ve been wrong. But that changed in 2018. While rates continue to hover below 5%, which is still historically low, they ended the year about a full percentage point higher than when the year began. In part that’s because the Federal Reserve boosted interest rates four times in 2018 and plans a couple more next year. The Fed’s interest rate increases immediately raise the cost of adjustable-rate mortgages and indirectly put pressure on fixed-rate loans.

“A tip o’ the hat to the cap – Florida voters passed Amendment 2 in November, which made permanent a 10% cap on non-homestead property assessments each year. Florida Realtors advocated strongly for passage and celebrated the win after 66% of voters agreed. A permanent constitutional cap now gives the state’s small businesses some assurance they wouldn’t be priced out of the market on Jan. 1 of each year simply because property values went up.

“Another cut to the business rent tax – Florida businesses will save $31 million dollars each year thanks to the Florida Legislature, which cut the state’s business rent tax again. The new rent-tax rate on commercial leases drops to 5.7% on Jan. 1, 2019. After the final gavel fell on the 2018 session of the Florida Legislature, Florida Realtors President Christine Hansen said that Realtors knew it was going to be a rough session given the state’s tight finances, but “with the help of our members, we managed to keep the momentum going to further reduce the Business Rent Tax.”

“Does a non-Realtor business model have legs? – iBuyers – Opendoor, Offerpad, etc. – purchase homes directly from owners without an MLS or Realtor. Survey after survey finds that buyers and sellers want a trusted advisor to help them through a stressful transaction, but is there a chance iBuyers could eventually take over a significant share of the real estate market? Realtors find it hard to believe, and the data, so far, isn’t impressive. However, Wall Street is heavily backing these new iBuyers: Opendoor alone had raised $325 million by September, and an ATTOM survey found that institutional investors have shown an increasing interest in iBuyer-owned properties. It remains to be seen if these new models will crash and burn like many tech stocks or if they start to take over the business.

“Blockchain could unblock closings – Blockchain technology is often associated with Bitcoin, but as a tool, it essentially takes a complex, multi-user transaction and makes it safer. Instead of the data sitting on a single server that all participants tap into, it replicates the data on everyone’s computer, making it harder for any single participant to fudge the figures. However, this additional safety and spread of data could also cut the paperwork time to closing in half – or more – if every necessary piece of data becomes instantly available to agents, title companies, lenders, etc. While change always takes time, it could lead to a system where a contract signed on Saturday can close by Thursday.

“Builders can’t catch a break – The nation needs more new homes – but the cost for new construction keeps moving higher. There’s not enough vacant land; impact fees (a development charge by local governments to pay for increased city services) are going up; supplies cost more (in part due to Canadian lumber tariffs); there aren’t enough workers – and if there are, they don’t have the necessary skills. New home construction, once seen as the solution to a tight housing inventory, did not appear in 2018 – and it doesn’t seem to be on the horizon for 2019 either.

Environmental Groups Sue Feds Over Lake “O” Discharges

Calusa_Waterkeeper_Logo_1701.pngInteresting read in this week’s “Island Reporter” (dated December 26, 2018):

“Conservation groups on December 19 filed a notice of intent to sue three federal agencies for failing to assess harm to Florida’s endangered species before approving the ongoing release of polluted waters from Lake Okeechobee.

“The suit naming the Army Corps of Engineers, the U.S. Fish and Wildlife Service, and the National Marine Fisheries Service alleges that the discharges likely help drive the catastrophic red tide algae blooms killing Florida’s coastal wildlife.

“The groups specifically challenge the U.S. Army Corps of Engineers’ plan to extend the discharges through 2015 from the lake into the Caloosahatchee and St. Lucie rivers….

“The notices give the agencies 60 days to respond ot the claims submitted by the Center for Biological Diversity, Calusa Waterkeeper, and Waterkeeper Alliance…

“According to the release, the Corps updated its plan for managing the discharges in 2008 with the goal of lowering the risk of damage to the Herbert Hoover Dam, which retains the lake. The plan was supposed to be reconfigured within three years to incorporate the impacts of structural improvements to the dike and water quality upgrades projected to come form the Comprehensive Everglades Restoration Plan.

“”The dike repairs are behind schedule, the Everglades plan has not been completed and toxic algae blooms continue to kill countless marine animals,” the Calusa Waterkeeper release states. “Meanwhile the Corps has opted to simply extend the current water-management plan through 2025 without assessing the harm to protected wildlife and water quality.”

Kick Out Clause or Right of First Refusal?

Florida Realtors logoMore good info from Florida Realtors®, this article by Meredith Caruso. She is Manager of Member Legal Communications, answering calls Florida Realtors® Legal Hotline and she also keeps the Forms Content Committee on track.

“Legal Hotline calls suggest that there’s some confusion over what Right of First Refusal and Kick Out Clause mean, and they’re often used interchangeably. Some calls start with “I’m looking for a Right of First Refusal rider”. Usually, however, this member is actually lookin for the Kick Out Clause rider but is confused over terminology.

What is Right of First Refusal? How does that differ from the Kick Out Clause rider? Here is what you need to know.

Right of First Refusal: In general, a Right of First Refusal is an interest granted to a person or entity to purchase property before another third party can do so. A commonly seen example is a property association’s right of first refusal. Normally recorded within the community’s documents, this right allows the property association to purchase a property before another buyer can.

“In this case, the association has the right to review the contract between a seller and a buyer within a certain timeframe (i.e. 10 days) so the association can decide whether or not to exercise its right to purchase. If the association chooses to do so, it then “stands in the shoes” of the buyer in the contract, meaning that the terms of the contract remain the same, pending renegotiation, and the association can’t make the seller change a term, such as the purchase price.

“Another common scenario that might have a Right of First Refusal is in a landlord/tenant relationship. Some tenants might incorporate a Right of First Refusal into their leases, stating that they have the right to buy the home before another buyer does, should the landlord want to sell that property one day. The Florida Supreme Court-approved leases don’t contain such language, so tenants who may want a right of first refusal in this context should consult their attorney for the appropriate language to add to their lease.

Kick Out Clause: The language in kick-out clauses could vary depending on the contract used, but in the Florida Realtors®/Florida Bar Residential Contract for Sale and Purchase (FR/Bar), the Kick Out Clause language is in a rider.

“Adding Rider X to the Florida Realtors®/Florida Bar contracts clarifies that the seller can continue to show the property and enter into bona fide back-up contracts. Any back-up contract with a third-party is, of course, subject to termination of the primary contract.

“Upon entering into a back-up contract, the seller must share a copy of said contract with the primary contract buyer, though with certain information, like price, redacted.

“This puts the ball in the buyer’s court, and the buyer must make a decision: either place an additional deposit down with the designated escrow agent and, in doing so, waive contingencies for financing and sale of buyer’s property (if any) or don’t place the additional deposit in the timeframe required, thereby terminating the contract. In the case of termination, the buyer would receive any initial deposit back and both parties would be released from further obligations under the contract.

“Once terminated, the seller then notifies that back-up contract buyer that that contract is in primary position.

When might a seller want to use this rider?

“A common use is when the buyer’s offer contains a contingency for the sale of a property the buyer currently owns. A seller may want to counter the buyer’s offer with this rider added to retain the ability to go with an entirely different contract with a subsequent buyer should they choose.

“In sum, a Right of First Refusal is granted to a party via a separate legal document (i.e. a declaration of association or a lease) to purchase property before another third-party. On the other hand, a Kick Out Clause rider to the Florida Realtors®/Florida Bar contract gives the seller the potential opportunity to proceed with a back-up contract….”

Question About “As Is” Contract

clip-art-of-contracts-being-signed-clipart-1The following question and answer are from the Jan/Feb 2019 issue of “FloridaRealtor®” magazine under “Talk to An Attorney” Advice from the Florida Realtors® Legal Hotline:

“Question: “The buyer and seller executed a Florida Realtors®/Florida Bar “As Is” Residential Contract for Sale and Purchase. The buyer submitted a proposed amendment during the Inspection Period, requesting a reduction in the purchase price based on issues revealed during the buyer’s home inspection. The seller is offended by the request and wants to cancel the contract. Does the buyer’s proposed contract amendment give the seller the right to cancel the contract?

“No. After a contract is signed, either side is welcome to propose amendments to the other side. The side receiving the proposed amendment in this case, the seller, is welcome to accept, reject, counter, or even ignore the proposed amendment. If the seller and buyer don’t end up agreeing to this proposed amendment, then the existing contract continues forward on the terms the parties already agreed upon.”

Sanibel & Captiva Islands Multiple Listing Service Activity Dec 21-28, 2018sancap GO MLS logo

Sanibel

CONDOS

1 new listing: Kings Crown #309 2/2 $879K.

No price changes.

1 new sale: Clam Shell #E 3/2.5 listed at $949K.

1 closed sale: Sundial #H309 1/1 $447.9K.

HOMES

4 new listings: 1350 Middle Gulf Dr #2E (Moonshadows) 3/3 half-duplex $895K, 1159 Golden Olive Ct 3/2 $1.495M, 4630 Rue Bayou 4/4.5 $1.595M, 2411 Blue Crab Ct 4/3.5 $2.599M.

5 price changes: 1851 Farm Trl 3/2 now $569.9K, 9465 Coventry Ct 3/2 now $625K, 1747 Jewel Box Dr 3/2 now $989K, 735 Sand Dollar Dr 3/3 now $1.179M, 430 Glory Cir 4/4.5 now $1.345M.

1 new sale: 1438 Causey Ct 3/2 listed at $895K.

4 closed sales: 1236 Sand Castle Rd 2/2 $545K, 4436 Waters Edge Ln 3/3 $675K, 9028 Mockingbird Dr 4/3 $799K, 8991 Mockingbird Dr 3/2 $830K.

LOTS

1 new listing: 1032 Sand Castle Rd $399,880.

1 price change: 2987 Wulfert Rd now $450K.

No new sales.

1 closed sale: 595 Piedmont Rd $190K.

Captiva

CONDOS

1 new listing: Lands End Village #1602 3/3 $2.3M.

No price changes, new, or closed sales.

HOMES & LOTS

Nothing to report.

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

happy new year coloring book.jpgUntil next week, here’s to the last Friday in 2018!

Happy New Year!

See ya next year!

Susan Andrews, aka SanibelSusan