Island Beaches Are Busy & The Real Estate Market Stays HOT!

It was another busy real estate week at SanibelSusan Realty. We got another new gulf-front condo listing, had a nice gulf-front condo closing, and showings and offers at our only two listings. One now is under contract while the other in negotiations. So, if you are wondering, the market still is HOT and the SanibelSusan team continues to look for more listings – since as soon as we get them, they sell!

The full details on the real estate activity here and the action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service are after a couple of news items below.

Island Weather

Teammate Dave took this one Wed near West Rocks

Weather-wise, it has been another week of beautiful bright summer days, followed by some evening showers in inland Lee County.

I took a spin at noon today to check out beach parking since social media lately has been full of comments about lots often being full. That certainly was the case at Lighthouse Beach where the gulf was busy with swimmers, beachgoers, shellers, fishermen, and boaters. There were nine vehicles lined up looking for spots at their main parking lot with the fishing pier lot also full.

Check out the water photo below. It continues to sparkle in those Caribbean-blue-tones. Fingers crossed that it continues!

Taken at noon today near the Lighthouse

Lee County Begins Causeway Islands Project  

There was lots of social media chatter this week about the Australian pines coming down on the causeway islands. Here’s the full report by Wendy McMullen that was posted on the front page of today’s “Island Sun”:

“Trees are already coming down on the Sanibel Causeway islands in preparation for an $8.5 million plan to enhance the amenities and control erosion on the islands. The trees being removed – such as the Australian pines – are non-native and considered exotic and invasive. They will be replaced eventually with native trees.

“Among the improvements envisioned for the islands are structured parking (it is not known if this will involve paid parking of some sort), pavilions, pathways, additional restrooms, landscaping, T-groins and erosion control structures.

“On Island A, the furthest from Sanibel, picnic and recreational vehicle parking areas will be added at the northern end along a more formalized event space. There will also be a paddle-craft loading and unloading area, restrooms and an equipment storage area, along with parking for 83 vehicles on the southern end. Island B will have parking for another 213 vehicles.

“Both islands will have erosion control structures designed to keep bay waters from covering the road in storm conditions. This will include two rock groins and renourishment of the beaches. The causeway road itself will not be elevated.

“Work is already starting on erosion control structures and the design of the upland structures. Building the amenities will begin in spring 2022 and continue until the summer of 2024.

“The project will be funded using tourist development taxes and state funds. Lee County plans a public meeting later this summer or fall. Announcements about its time, date, location and how to participate will be forthcoming.”

Sanibel & Captiva Islands Association of Realtors® July Membership Meeting

Yesterday at the July Membership Meeting of the local association of Realtors®, the speaker was Tim Moore, from Sanibel’s Planning Department Code Enforcement. He provided handouts and info on the island’s Dwelling Rental License and Registration process. This is required for every Sanibel property that rents.

Begun in October 2019, the forms for this process are on-line at www.MySanibel.com (under Planning Dept forms). Approximately 2,200 properties already are licensed. Form completion is required for an initial license and registration, annual license and registration renewal, and for any revision to the license and registration.

The first step in the process is applying for a Business Tax Receipt (formerly occupational license) at the City Finance Department. The 2nd step is completing and submitting the Dwelling Rental License and Registration form.

The type of rental dwelling could be:

  • Limited Rental, for properties rented via written lease for longer than 6 months (so exempt from Florida Sales Tax), this includes annual rentals;
  • Limited Rental, or those limited by City Code to 28 consecutive days per occupancy;
  • Unlimited Rental, rentals not limited by City Code to a minimum number of days.

Once a Dwelling Rental License (DRL) number is issued, it must appear in all advertising, as must the minimum rental period if not in a resort district.

Sanibel & Captiva Islands Multiple Listing Service Activity July 16-23, 2021

Sanibel

CONDOS

2 new listings: Sanibel Moorings #512 2/2 $1.195M (our listing), Island Beach Club #330E 2/2 $1.295M.

Sanibel Moorings #512

1 price change: Tarpon Beach #305 2/2 now $1.1M.

6 new sales: Sundial #I103 1/1 listed at $499K, Sundial #J301 1/1 listed at $605K, Mariner Pointe #631 2/2 listed at $695K, Breakers West #A5 2/2 listed at $749K, Gulf Beach #106 2/2 listed at $899K (our listing), Sanddollar #C101 2/2 listed at $1.21M.

View from Gulf Beach #106

3 closed sales: Tarpon Beach #102 2/2 $1.125M, Gulfside Place #124 2/2 $1.385M, Gulfside Place #115 2/2 $1.995M (our listing).

 

Gulfside Place #115

HOMES

6 new listings: 9032 Mockingbird Dr 3/2 $799K, 460 Sawgrass Pl 2/1 $849K, 565 Lake Murex Cir 3/2 $939K, 5817 Sanibel-Captiva Rd 4/2 $1.25M, 9464 Calla Ct 3/2.5 $1.45M, 1304 Seaspray Ln 3/2.5 $4.695M.

No price changes.

4 new sales: 754 Donax St 4/2 duplex listed at $599K, 1702 Bunting Ln 4/3 listed at $749K, 1270 Par View Dr 3/2 listed at $859K, 5268 Ladyfinger Lake Rd 3/2 listed at $999K.

5 closed sales: 1612 Serenity Ln 3/2 $672K, 4505 Bowen Bayou Rd 3/3 $675K, 1376 Jamaica Dr 2/2 $750K, 1426 Sand Castle Rd 3/2 $1.15M, 1218 Ferry Rd 3/2 $1.231M.

LOTS

2 new listings: 3308 Saint Kilda Rd $582K, 470 Sawgrass Pl $795K.

No price changes.

1 new sale: 2133 Starfish Ln listed at $529K.

No closed sales.

Captiva

CONDOS

2 new listings: Lands End Village #1633 2/2 $1.599M, Beach Homes #33 4/3 $3.2M.

No price changes.

1 new sale: Beach Villas #2414 2/2 listed at $875K.

No 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.

Until next Friday, Susan Andrews, aka SanibelSusan

(a couple more photos below taken today on way to the Lighthouse)

Summertime & The Market Still is HOT!

Welcome to another Friday real estate update. The Sanibel & Captiva Islands market remains “hot” with the below summary showing the status of inventory today, sales year-to-date, sales last year, and for comparison, sales in the peak price year, 2006. (Note info based on The Sanibel & Captiva Islands Multiple Listing Service. Prices “for sale” and “under contract” are asking prices.)

The SanibelSusan Team is thankful that of the 69 Sanibel properties under contract, four are our transactions, but we need listings. Plenty of buyers are ready, in the wings. We get inquiries every week from colleagues looking for properties coming on the market, while we personally have condo buyers waiting for availability at Blind Pass, Gulfside Place, Sand Point, and Sandalfoot, as well as several others wanting a variety of properties, including east-end home, canal-front property, near-beach home, large Captiva home with rental income. We have a few lot buyers too, so if you are thinking of selling, please give us a call. The seller’s market will continue until inventory improves.

It also appears that our summer visitor traffic remains high. Yesterday, the City issued their first summer high-traffic notice, after 5,500 vehicles had crossed the causeway before noon. That much oncoming traffic typically results in late afternoon slowdowns. When in doubt, check Sanibel’s traffic cams at https://www.mysanibel.com/Live-Street-Cams.

CONDOS HOMES LOTS
SANIBEL # Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 18 819,044 152 29 2,449,893 124 14 558,414 334
Under contract 19 825,973 44 40 1,388,435 70 10 754,279 290
Closed 2021 to 7/16 190 864,843 143 238 1,309,063 100 55 723,627 479
Closed 2020 192 733,876 174 290 954,718 161 23 606,233 393
Closed 2006 143 866,972 147 156 1,143,682 186 18 523,917 158

 

CONDOS HOMES LOTS
CAPTIVA # Avg $ DOM # Avg $ DOM # Avg $ DOM
For sale 6 1,339,000 127 12 5,910,583 258 0 N/A N/A
Under contract 5 2,569,400 123 1 2,695,000 302 1 4,250.000 1,287
Closed 2021 to 7/16 39 1,006,830 184 35 2,807,868 270 1 2,000,000 129
Closed 2020 47 821,713 134 27 2,923,148 315 4 2.537,500 448
Closed 2006 21 1,362,476 180 10 2,307,375 334 4 2,218,750 432

After a couple of news items below, see the details about the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service.

Summer of the Speed Buyer

From NAR’s Chief Economist, Lawrence Yun, as posted in the July-August 2021 “Realtor” magazine:

“The housing shortfall is driving up prices, but a crash is unlikely.

“Remember when it could take years to sell a home? MLS’s were flooded with distressed properties. In Miami, it was up to six years, according to news accounts in the wake of the 2008 financial crisis.

“Today, of course, it’s the opposite story. It’s generally taking just a couple of weeks, and sometimes days, to find a buyer. From listing to contract, homes typically sold in 17 days in April, the fastest rate ever. In most markets, home buyers can’t risk leisurely weighing several listings before committing to likely the most expensive purchase of their life. Rushed decisions can easily lead to buyer misgivings – about overspending for the home, its size, or having insufficient reserves for upkeep. Still, most buyers come to see they made the right decision in these competitive times. Seeing price, and hence their wealth, rising helps.

“Could it all crash as happened from 2008 to 2010? Not likely. The current housing cycle is fundamentally different. We thankfully don’t have risky subprime mortgages that overstretched buyers’ budgets. The gatekeepers at banks, mortgage brokers, and government regulators demand that loan-to-value ratios, debt-to-income rations, and income documentation meet guidelines before a mortgage is approved. To be sure, even with soundly written mortgages, we know some defaults can occur.

“A second major difference is supply. Leaking up to the housing bubble heyday, builders overbuilt. By my calculations, America had 2.1 million surplus housing units by 2006. Following the crash, underproduction steadily chipped away at the surplus, such that inventory normalized by 2011. Continuing underproduction led to the housing shortage. By 2015, the shortfall was 2 million homes. By the end of 2020, it totaled 4.8 million homes. The lack of inventory is why home prices are in no danger of falling sharply.

“Homebuilding activity in 2021 will be slightly above historical norms. But it will take at least a few years to correct the massive shortage. In the meantime, we expect the national median home price to rise 9% this year and another 3% in 2022. Hyper-speed homebuying should taper off by year’s end as supply improves and affordability challenges persist.”

Elsa Washes Away 45 Sea Turtle Nests on Sanibel

SCCF photo

From SCCF’s Wednesday update:

“Tropical Storm Elsa’s strong southern winds caused 125 sea turtle nests on Sanibel and Captiva to lose their marking stakes and protective screens. Sea turtle staff members have been working diligently over the last week to confirm whether the eggs washed away, too, or if they are still buried in the sand.

“Using highly accurate coordinates collected with a Trimble device, SCCF staff and volunteers were able to confirm that 40 of the 85 nests that lost their stakes on Sanibel survived the extreme tidal action. However, 45 nests were completely washed-out on Sanibel, reports SCCF Coastal Wildlife Director Kelly Sloan. The assessment on Captiva is still underway.

“Please remember that sea turtles have a nesting strategy that accommodates natural storm events. Female sea turtles deposit several nests throughout the nesting season, essentially hedging their bets to make sure that even if a hurricane or tropical storm hits during nesting season, there is a high probability at least a few of the nests will incubate successfully. For instance, in early June 2020, TS Cristobal washed away 29 nests and, in September, TS Sally washed away 17 nests on Sanibel and Captiva. Yet, there were still a record-breaking 924 nests last year.”

CEPD Provides Updated Start Date for Project

From the July 14, 2021 “Island Reporter”:

“On July 8, the Captiva Erosion Prevention District reported that the beach re-nourishment project’s start was being coordinated with its contractor, Great Lakes Dredge and Dock, and the resource agencies. Following recent and ongoing planning discussions, construction is now projected to start no earlier than August 26, pending all notice-to-proceed approvals from the agencies….

“Barring any unforeseen delays, the project is estimated to take approximately 35 days to place the contracted 600,000 cubic yards once construction is underway….

“Construction for the beach re-nourishment will first move south near 16141 Captiva Dr to Turner Beach, and then north to fill in the remainder of the island in a similar manner. The beach fill will be placed along 4.85 miles of shoreline and the rehabilitation of existing dunes between Redfish Pass and Blind Pass.

“Designed to last beyond eight to 10 years, the project will provide the necessary maintenance to counteract long-term critical erosion of Captiva’s beaches, properties and shorelines. The project plans, design specifications, cost estimates and tentative cost apportionments are on file and available for public review at the CEPD’s office, at 11513 Andy Rosse Lane, Unit 4, Captiva (phone 239-472-2472).”

Sanibel & Captiva Islands Multiple Listing Service Activity July 9-16, 2021

Sanibel

CONDOS

4 new listings: Sundial #I103 1/1 $499K, Mariner Pointe #631 2/2 $695K, Sanibel Surfside #213 2/2 $920K, Tarpon Beach #305 2/2 $1.25M.

No price changes.

4 new sales: Spanish Cay #F7 1/1 listed at $395K, Mariner Pointe #323 2/2.5 listed at $549K, Loggerhead Cay #282 2/2 listed at $695K, Sanibel Arms West #C6 2/2 listed at $955K, Gulfside Place #225 2/2 listed at $1.595M.

3 closed sales: Pointe Santo #D24 2/2 $755K, Sanibel Surfside #115 2/2 $1.04M, Sundial #A205 2/2 $1.285M.

HOMES

2 new listings: 1702 Bunting Ln 4/3 $749K, 545 Lighthouse Way 3/3.5 $3.395M.

2 price changes: 5268 Ladyfinger Lake Rd 3/2 now $999K, 1077 Bird Ln 3/3.5 now $5.699M.

No new sales.

4 closed sales: 974 Greenwood Ct S 3/2.5 half-duplex $522K, 5161 Sanibel-Captiva Rd 3/2 $585K, 2011 Mitzi Ln 2/1 $642.5K, 1306 Seaspray Ln 4/4 $3.8M.

LOTS

No new listings or price changes.

1 new sale: 0 Dixie Beach Blvd listed at $399,555.

2 closed sales: 2095 Wild Lime Dr $260K, 1028 Bayview Dr $2.08M.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Beach Homes #25 3/2 listed at $2.095M, Beach Homes #6 3/3 listed at $2.879M.

No closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 11540 Laika Ln 2/2.5 $1.49M.

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 Friday! Will post again next week at this time.

Susan Andrews, aka SanibelSusan

Celebrating July 4th Weekend on Sanibel & Captiva Islands

Another Friday has rolled around as Sanibel and Captiva have settled into summer – with sunny, occasionally cloudy mornings, then late afternoon showers cooling things down before a beautiful sunset.

It was quiet in the office all week, with similar news from other real estate offices. With the real estate market hot and only 81 properties available on both islands (condos/homes/lots), many prospective buyers are discouraged and playing the waiting game.

The weekly action posted in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

July 4th Holiday Weekend on the Islands

Though some are disappointment that there will not be a holiday parade or fireworks on Sanibel, the precautions are understood and appreciated. We still can decorate though – so, as usual, SanibelSusan Realty will be decked out in red, white, and blue as thankful freedom reminders.

If you are looking for some pre-July 4th fun, the San-Cap Motor Club is hosting a Cars and Coffee cruise-in tomorrow, Sat, Jul 3 from 9 to 11 a.m. at Periwinkle Place Shopping Center.

After that, the Sanibel-Captiva Optimist Club’s 41st Annual Road Rally will line-up for a noon start time at The Timbers Restaurant parking lot. To sign up for the 2021 Freedom Road Rally, contact Randy Carson at RCarson@gmail.com. Cost is $50 per vehicle and prizes will be awarded. Registration will be accepted until 11:45 a.m. on race day. The afterglow party and awards presentations will immediately follow the rally in The Sanibel Grill at The Timbers.

On 4th of July, there is a celebration at American Legion Post #123, 4249 San-Cap Rd with free hot dogs served all day, plus music by The Marty Stokes Band from 3 to 6 p.m.

Also on July 4th, South Seas Resort will host their annual golf cart parade and fireworks. You must be a registered guest to enter the resort grounds.

At the J.N. “Ding” Darling Visitor and Education center, the refuge staff will observe Independence day on Mon, July 5, with the administrative building and Visitor Center closed, but Wildlife Drive and its trails, Bailey Tract, and Tarpon Bay Explorers remain open with their regular hours.

Presenting Offers: OK with License Law? Code of Ethics?

Posted recently at FloridaRealtors on-line, this article by Meredith Caruso (Associate General Counsel for Florida Realtors®) provides direction for Realtors® but offers good information for Sellers and Buyers too.

“Your exhausted seller received five offers in one day. Four are over asking price, but the last one offers $50,000 less, possibly making it a waste of time for an already exhausted seller. Must you still present it? Perhaps not – but only under very specific conditions.

“ORLANDO, Fla. – In today’s fast paced market, sellers receive many competitive offers on their properties. Some sellers may choose to ask for highest and best; some sellers may just accept one of the offers presented to them.

“This article isn’t about that though. This article focuses on the agents involved and their actions with regards to offers and counteroffers.

“Florida real estate licensees can have one of three types of agency relationships with buyers and sellers: single agent, transaction broker or no brokerage relationship. Unless a licensee has something in writing with their respective party indicating single or no brokerage relationship, Florida law presumes you are in a transaction broker relationship.

“Under a transaction broker relationship – as well as single agent relationship – you have obligations with regards to offers and counteroffers. Additionally, Article 1, Standard of Practice 1-6, 1-7 and 1-8 of the Code of Ethics set forth further requirements regarding the presentation of offers and counteroffers.

“Specifically, per Florida Statute 475.278, the licensee is obligated to present all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing. This article focuses on the language of this statute.

“What does this mean in plain English? Unless your buyer or seller sent you something in writing in advance, or you’ve added something into your listing or buyer brokerage agreement clarifying what kinds of offers and counteroffers they want to see, you must present them all.

“We all know the market is hot right now, so I understand the pressure to act quickly, on both sides. However, Florida Realtors Legal Hotline calls have included statements from Realtors® indicating that some sellers feel overwhelmed by the number of offers they’re receiving. As a result, these agents try to help by picking and choosing which offers the sellers see.

“Let me be clear: If you don’t have something in writing in advance – before you received those multiple offers – stating that you’re able to do this, it’s a violation of your real estate licensing law.

“Does this mean this can’t happen at all? No! But you must do it properly.

“If you’re a listing agent taking a listing, you can easily have a conversation with the sellers and should be asking a variety of questions, including what kind of offers the sellers are looking for. Do they only want to see cash offers? Do they only want to see offers over a certain price point? Do they only want to see offers that can close by a certain time? If so, clarify that in writing in your listing agreement or get it in writing some other way from your sellers. Then if you get offers that don’t fall within the sellers’ criteria, you do not have to present those offers and are able to move forward, confident you are in compliance with your real estate licensing law and the Code of Ethics.”

SCCF’s June 30, 2021 Turtle Update

As locals and visitors tentatively watch what is happening south of Florida with Tropical Storm Elsa, it was great news to read this week’s email update from the Sanibel-Captiva Conservation Foundation. Here it is, titled “Green Sea Turtles Return to Nest on Sanibel”:

“In the last few weeks, SCCF’s sea turtle team has documented 12 green sea turtle… nests on Sanibel. The team has been able to identify four different individual green nesters, two of which have been seen on Sanibel in years past and were part of a satellite tag tracking project in 2017, 2018, and 2019.

“Most of the nesting on Sanibel and Captiva is primarily by loggerhead sea turtles so a different species is always extra exciting,” said Research Associate Andrew Glinsky. “Based on the number and timing of nests there could possibility be as many as two more green sea turtles that we have yet to positively ID.”

“…As of today, Sanibel has 440 loggerhead nests… and Captiva has 139 loggerhead nests as hatching season is ramping up on our islands…. To date, nine nests on both islands have hatched, with nearly 1,000 hatchlings.”

Surfside Condo Tragedy Could Influence RE Market

As we all have watched the devastation on Florida East Coast, this article posted Wed on FloridaRealtors® is sourced to 2021 “Miami Herald” and distributed by Tribune Content Agency, LLC. There is some interested info in the article.

Sanibel residents appreciate that there are no high-rise buildings here, prevented by our building code. Interestingly, in recent months, local West Coast Realtors® have seen an increase in business from East Coast buyers looking to get out of the Miami hustle bustle post-COVID. I wonder if the Surfside tragedy will mean even more future business here.

“It could take years to understand the Surfside tragedy’s cause, and condo buyers will likely pay more attention to building inspections and assessments going forward.

“MIAMI – As grim images of rescue workers sifting through the wreckage of the Champlain South Tower circulate around the world, Miami’s kingpin condo real-estate industry is bracing for a slide.

““In the short-term, the effect of the collapse will be jarring,” said real estate attorney Jesse-Dean Kluger, who said he spent the weekend fielding calls from clients under contract for units in older buildings. “You’re going to have some pushback from buyers on the closing dates, because why would you close before you have an inspection and a satisfactory report?” he said. “This could be a deal-breaker for some clients.”

“Built in 1981, the beachfront Champlain Towers South condo, located at 8777 Collins Ave., partially collapsed on the morning of June 24 shortly after 1:30 a.m. The building was going through its 40-year recertification process.

“Search and rescue efforts are ongoing – While the exact cause of the collapse probably won’t be known for at least a year, two suspected contributors – salt air and ocean water – are cause for concern for would-be buyers of waterfront condos in older buildings. In the short-term, at least, some experts say they expect the brakes to slam on what has been a county-wide sales bonanza.

““At the very least, people are being more sensitive to association fees and checking the financial health of the association,” said Ron Shuffield, president and CEO of Berkshire Hathaway HomeServices EWM Realty. “These 40-year recertifications are now something that everyone is aware of, instead of just the industry. Buyers are also looking more closely to the construction of the building.” Increased attention to such detail is a positive development, said Shuffield. But it likely also will lead to higher prices and deter some buyers, say experts.

““Every condo, especially the older ones, are going to want to hire an expert and verify the integrity of their buildings,” said Alex Barthet, managing member of the Barthet Construction Law Firm and publisher of thelienzone.com website. “These are probably not fully budgeted items, so this will increase the assessments,” Barthet said. “That’s going to send buyers away, because they only have a certain number of dollars to spend, so why spend them on an older building?”

“According to the Miami Association of Realtors, sales of existing condos jumped a whopping 286% in May year-over-year, from 563 to 2,176, driven primarily by U.S. buyers from tax-burdened states. The median sales price of existing condos rose to $325,000, a 25% year-over-year increase, and sales of existing condos priced between $400,000-$600,000 – a range that includes many older waterfront buildings – increased 475.4% to a total of 328 transactions.

“The Champlain Towers South, where property records show a total of 14 units were sold over the last three years, was part of the sales boom. Condos in the town of Surfside may be particularly hard hit for the next year, especially in older buildings, said Ana Bozovic, founder of brokerage and consulting firm Analytics Miami. Buildings located near the collapse site may be most affected. Bozovic said resale prices might drop for the ultra-luxury Eighty Seven Park, which is adjacent to the site of the collapse and currently has seven units for sale priced between $2 million-$11 million. “Who wants to buy something overlooking this collapse? People died there,” she said. “People don’t want to look at the site.”

““When 9/11 happened, it affected the lower Manhattan area,” she said. “It’s going to be the same thing here.”

Buyer hesitation also may affect newer buildings, say experts. Such was the case for an attorney whose clients were scheduled to close on a Bal Harbour condo the day after the Surfside collapse. “They got cold feet, even though the building where they were buying is only three years old,” said the lawyer, who declined to be named. “They just needed a minute to hear more about what happened at the Champlain Tower. A lot of people with active contracts can delay their closings, but they can’t pull out because they would lose their deposits. They’re stuck.”

“Inspections underway – Miami-Dade County and the city of Miami Beach have started doing visual inspections and audits of buildings nearing or at their 40-year recertification process, which is required by county law. The city of Miami has gone further, requiring inspections of all buildings 40 years and older that are six stories or taller. The city has given condo associations a 45-day deadline to provide letters detailing the condition of their buildings signed by licensed structural engineers.

“But the enforcement boost hasn’t eased buyer concerns. “The question is, does being able to walk out on the sand surpass the value of safety?” said real estate analyst Jack McCabe. “What I thought was going to be paradise could now be a danger. “This collapse is the tip of the iceberg,” McCabe said. There are a lot of other buildings affected by sea level rise and hurricanes that are 40-50 years old, that have not been well maintained, and that have put off special assessments” – that can run into millions.

“Favorable pricing has been the chief attraction of older buildings. “It comes back to affordability,” said Dan Kodsi, CEO of the Miami-based development firm Royal Palms Companies, which developed the Paramount Worldcenter tower. “A lot of people live in those older buildings because they can afford it and still get to live by the water.”

“But repairs can diminish the differential. “Getting hit with a huge assessment bill is going to become a bigger factor in the minds of buyers,” McCabe said. “It could be a much more costly endeavor buying an existing unit than it was in the past.”

“Age matters – The numbers tell the story. According to the real estate firm Condovulturesrealty.com, some 1,660 units in buildings on the barrier islands built before 2000 – or before Florida’s building code was strengthened to its current standard – currently are listed for sale, with an average price per unit of $589,692. During the first three months of 2021, 779 sales were closed at an average price of $487,384. Currently 491 units are under contract at an average price of $484,821.

“In comparison, the current 1,241 active listings of condos in buildings on the barrier islands built after 2000 have an average asking price of $3,141,845 – a price tag beyond the reach of all but the wealthy.

“The gap likely will widen. “What you’re going to see is anything built before 2000 is going to suffer and [drop] their prices,” said Peter Zalewski, co-founder of Condo Vultures. “We have always told our clients not to look at anything built before then. Right now the system is stacked against any due diligence by the buyer. The associations are very private, and they’re not going to share any information that might impact pricing. They give the condo docs, and in three days your offer is locked in by default according to state law.” “According to Zalewski, there were 139 towers fronting the Atlantic Ocean in Miami-Dade County as of November 2019. Of those, only 60 were built between 2000-2019. The other 79 towers were built between 1930-1999.

“While waterfront has long been considered prime territory, inland locations have been gaining favor as waterfront prices soar and climate change becomes a greater concern. A recent study of “climate gentrification” in Miami-Dade showed home buyers and renters are increasingly choosing properties on higher-elevation land, most of which happens to be in primarily Black and Hispanic neighborhoods.

“The collapse may speed the inland migration. Cordelia Anderson, founder of the Miami-based I Heart Real Estate LLC brokerage firm, said one of her prospective condo buyers from New York is now considering moving her search more inland, expressing concern about the structural integrity of coastal buildings and sea level rise.

“Falling prices? The seemingly inevitable price drop of older condos in beachfront locations isn’t just a problem for their owners and brokers. According to the Miami-Dade County Property Appraiser, the county is poised to collect more than $94 billion in 2020 taxes from condominium owners – money that goes to everything from schools and police and fire services to infrastructure repairs and maintenance.

“If prices of older condos take a nosedive, all Miami-Dade residents will feel the pinch, since taxes are calculated by property values. But if prices drop far enough in older buildings to make selling too much of a loss for the owner, there’s another possible scenario that could eliminate the problem altogether, said Alicia Cervera, chairman and principal of Cervera Real Estate: Condo termination, in which owners decide to sell the entire building to a developer interested in building something new at the location.

“When you sell an entire building in a triple-A location to a developer, you get a much better price for your condo,” she said. “It may be that some associations are not doing the repairs because they simply can’t afford it. Selling to a developer could be a solution for the owners and would result in the buildings being taken down before they become unlivable. It’s a good exit strategy for a lot of condo owners.”

Sanibel & Captiva Islands Multiple Listing Service Activity June 25-July 2, 2021

Sanibel

CONDOS

No new listings.

1 price change: Mariner Pointe #231 2/2 now $674K.

1 new sale: Loggerhead Cay #433 2/2 listed at $735K.

7 closed sales: Sundial #F106 1/1 $440K, Sanctuary Heron #3A 2/2.5 $760K, Pointe Santo #A1 2/2 $868.5K, Sanibel Surfside #123 2/2 $905K, Loggerhead Cay #101 2/2 $964K, Sundial #P403 2/2 $1.3M, Sanddollar #A102 3/2 $1.425M.

HOMES

2 new listings: 5809 San-Cap Rd 3/2 $1.35M, 5379 Shearwater Dr 4/3 $2.295M.

1 price change: 5270 Indian Ct 6/6.5 now $2.295M.

5 new sales: 1376 Jamaica Dr 2/2 listed at $710K, 1270 Par View Dr 3/2 listed at $859K, 1450 Sand Castle Rd 3/2 listed at $1.199M, 633 Lake Murex Cir 3/3 listed at $1.235M, 1206 Par View Dr 3/2 listed at $1.249M.

12 closed sales: 1643 Bunting Ln 2/2 $626K, 1737 Serenity Ln 3/2 $635K, 429 Lake Murex Cir 3/2 $740K, 1585 Serenity Ln 3/3 $749K, 2480 Library Way 3/2.5 $725K, 770 Donax St 2/2 $850K, 1469 Sand Castle Rd 3/2 $969K, 450 Lake Murex Cir 3/2 $980K, 812 Sanddollar Dr 3/3 $1.2M, 3385 Twin Lakes Ln 5/5 $1.5M, 1460 Middle Gulf Dr 4/4.5 $1.725M, 4701 Rue Belle Mer 4/5 $3.395M.

LOTS

1 new listing: Dixie Beach Blvd $399.5K.

1 new sale: 2431 Shop Rd listed at $249.9K.

1 closed sale: West Gulf Dr $3.895M.

Captiva

CONDOS

No listings or price changes.

1 new sale: Beach Homes #20 3/3 listed at $3.549M.

3 closed sales: Bayside Villas #4118 1/2 $425K, Bayside Villas #5318 3/3 $789.9K, Lands End #1629 2/2 $1.376M.

HOMES

Nothing to report.

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.

Wishing you and yours a safe and happy July 4th holiday weekend.

Island June = Raindrops & More Bunnies

SanibelSusan reporting that the good news this week is that the rainy season has begun in SW Florida. Not that we like to see a lot of run-off which in years past has affected local water quality, but the island bunnies which I love – like it when tropical vegetation is green and lush, not yellow and crunchy. It was great to see several of these little critters out enjoying my lawn Thurs morning after our first “big” rain Wed night.

The island real estate world has been quiet even through the holiday weekend. The action over the last seven days posted in the Sanibel & Captiva Islands Multiple Listing Service is after a couple of news items below. Not much is happening. Total available Sanibel inventory is 57 properties (condos, homes, lots) while Captiva has 19 available.

Here at SanibelSusan Realty, teammate Dave returns to the office Mon, while I now have a plan of action for my sore knee with a quick surgical procedure scheduled next week to repair a torn meniscus. How handy is it that Island Therapy is right next door to my office? I am all set to be up and running again soon, while teammate Elise has been the glue that has kept us together this week, with teammate Lisa on Sat.

CROW Wildlife Walks & Daily Presentations Return

This week CROW (Clinic for the Rehabilitation of Wildlife) announced that Wildlife Walk guided hospital tours and daily presentations are back. The guided hospital tours provide an opportunity for visitors to get an in-depth look into the inner workings of CROW’s hospital and the treatment process of over 5,000 wildlife patients each year. The 1-1/2-hour program has two parts: the daily presentation in the AWC Visitor Education Center followed by a guided tour through treatment areas of the hospital. Up-close encounters with Animal Ambassadors are included along the way. These tours resumed Jun 1 and will be offered Mon through Fri at 12:30 p.m. At all times, masks must be worn. Each tour is limited to eight people and advance registration is required. Program cost is $25 per person and includes General Admission to the AWC Visitor Education Center and the daily presentation. The program is open to all, but not recommended for children under the age of 13. Tours are subject to modification or cancellation based on animals being treated.

Free Summer Tours at The Refuge

The J.N. “Ding” Darling National Wildlife Refuge on Sanibel will offer free summer tours from Jun 20 through Aug 7. There is no set schedule, so monitor the refuge’s Eventbrite page at https://www.eventbrite.com/o/jn-ding-darling-nwr-32246304043 to see what staff and volunteers are offering each week and to sign up for tours such as Birding the Refuge, car caravan tour, Mindfulness Walk at Bailey Tract, Bike Tour and Beach Walk.

Faces of Change

It was great to see a friendly face on the cover of the May-June Issue of Realtor® Magazine. It was none other than a Florida Realtors® Audition Panel colleague, Adam Gurske from Matchmaker Realty of Alachua County which is in Gainesville. He is one of the young real estate practitioners selected for the 2021 Class of 30 Under 30 for their resilience and adaptability during rapidly changing conditions that have forced a quick rethinking of business practices. “Adaptability is one trait that Adam’s ten years in the business have helped him hone. His Mom has been the area’s association executive for 30 years, so Adam has grown up in the business. At 29, he is active in his local association, a longtime board member of a local nonprofit that is dedicated to helping homeless families, all while being a multi-million $ producer with 28 transaction sides last year. If you ever need real estate assistance in Gainesville, I encourage you to contact Adam, and mention SanibelSusan. He is a solid hardworking smart young man.

14-Day Rental Rule

Good advice in the recent RSPS (Resort & 2nd-Home Specialist) Newsletter: “With the interest in vacation rentals rising across the U.S., owners of second homes may be tempted to make that property available for rent. There are certain tax implications (and possible deductions) that are determined by the use of the second property as well as the length of time the property is rented out. Anyone interested should consult with a tax professional before proceeding.” (Click here for a link to IRS Topic 415 Renting Residential and Vacation Property.)

Sanibel & Captiva Islands Specialist Designation

Speaking of RSPS (Resort & 2nd-Home Specialist), this week I updated that module for the islands specialist designation classes that are offered annually by the Sanibel & Captiva Islands Association of Realtors®. Earning the designation requires completion of 12 modules including this one. It was 2012 when I prepared that class for the first time. Time flies. Was not as much fun last year to teach it via Zoom. The class interaction, where we share experiences and advice, is the fun part. Wish me luck on Tuesday as I teach for the 9th year.

SCCF Update – Periwinkle Wetlands Restoration Project Begins Next Week

Here is the latest, right from the Conservation Foundation’s Wed update email:

“Next week, SCCF will begin the preliminary steps of a multi-phase restoration project on the newly acquired Periwinkle Wetlands Preserve.  “We are grateful that we were able to acquire these key 12-plus acres and we ask the public to please understand that we must clear the land of exotics before we can restore it,” said SCCF CEO Ryan Orgera. “Since it’s right on Perwinkle Way and highly visible, we want to explain the process so a return to a diverse, natural habitat is well understood.”

“Land Clearing Phase – Over the next several months, contractors will be conducting the land clearing phase, which will include the removal and eradication of dense stands of large, invasive exotic trees. The work will be overseen by SCCF Habitat Management staff and vegetation debris will be mulched on-site.

“In addition to the tree removal, SCCF staff will be conducting selective herbicide treatments to manage invasive exotic vines, groundcovers, and grasses. Habitat Management also will begin to revegetate many areas throughout the property and construct hiking trails.

“SCCF wants island residents and passersby to understand what is happening at the site as it begins to unfold.

““As the initial land clearing portion progresses, the conversion from densely vegetated to nearly barren land can often seem destructive and a shock to the senses. However, as the planting stage begins to take root, the landscape rapidly transitions back to a diverse, natural habitat,” explained Wildlife & Habitat Management Director Chris Lechowicz. Removing exotic plants — which lack any native predators or pests to keep them in check — is key to successful restoration.

““Invasive species can become dominant, rapidly displacing native plant communities and resulting in the loss of key habitats for migratory and resident bird populations as well as other animal species found throughout Sanibel Island,” Lechowicz said. Restoring land to its historic natural state reinforces SCCF’s rich history of conservation and its core mission “to protect and care for Southwest Florida’s coastal ecosystems.”

“Lechowicz said the timing of the restoration was planned around nature itself, and a firm completion date has not been established. “Restoration projects often take place over an extended period and many factors contribute to the time it takes to complete a project,” he said. “As summer approaches, thunderstorms, seasonal flooding, and hurricanes can delay portions of the restoration.”

“Restoration/Improvement Phase – Following the initial preserve restoration, improvements will be added to the approximately two acres fronting Periwinkle Way between Purdy and Martha’s Lanes. These improvements will be open to the public, while the majority of the preserve acreage will be dedicated for exclusive use as wildlife habitat. “The intentional reimagining of this space will connect visitors to nature and celebrate our shared and historic role in protecting and nurturing Southwest Florida’s coastal ecosystems,” said Orgera.

“After the exotics are removed, the community space will be replanted with thriving native landscaping. Inviting and inspiring, it will feature a 1,100-foot loop walking/biking trail connected to the shared-use path. The trail will take bikers and walkers through a welcome plaza with a water bottle-filling station and interpretive panels.

“A lush demonstration marsh with wetlands features will include water-quality education panels. There will be interpretative gardens with seasonal blooms and a sculpture garden to encourage thoughtful reflection on the importance of land, water, and wildlife. Throughout the restoration process, SCCF Habitat Management staff will routinely conduct inspections for the reintroduction of invasive, exotic species to ensure it is a diverse, healthy ecosystem.

““The Periwinkle Wetlands Preserve restoration project is essentially revitalizing characteristics of Sanibel’s historic ecosystems,” Orgera said, “while inviting in the public to learn more about Sanibel’s environment and to contemplate its beauty.””

Sanibel & Captiva Islands Multiple Listing Service Activity May 28 – June 4, 2021

Sanibel

CONDOS

3 new listings: Breakers West #A5 2/2 $895K, Villa Sanibel #2E 2/2 $959K, Sanddollar #C101 2/2 $1.21M.

No price changes.

1 new sale: Coquina Beach #3D 2/2 listed at $599K.

5 closed sales: Pointe Santo #C4 1/1 $570K, White Sands #13 2/2 $938K, Gulfside Place #218 2/2 $1.35M, Pointe Santo #E24 3/2 $1.4225M, Shorewood #2D 3/2 $1.595M.

HOMES

2 new listings: 1737 Serenity Ln 3/2 $635K, 1376 Jamaica Dr 2/2 $699K.

1 price change: 3010 West Gulf Dr now $1.245M.

4 new sales: 1717 Atlanta Plaza Dr 2/2 listed at $550K, 1550 Center St 3/2 listed at $799K, 1362 Tahiti Dr 4/3 listed at $1.295M, 539 N. Yachtsman Dr 4/3.5 listed at $1.295M.

7 closed sales: 868 Rabbit Rd 3/2 $725K, 2098 Wild Lime Dr 3/2 $780K, 4377 Gulf Pines Dr 3/3 $860K, 509 Lake Murex Cir 3/2.5 $1.2M, 5773 Sanibel-Captiva Rd 2/2 $1.325M, 9441 Peaceful Dr 3/3.5 $1.395M, 2311 Starfish Ln 4/4 $1.945M.

LOTS

No new listings.

1 price change: 5642 Baltusrol Ct now $339.9K.

1 new sale: 6141 Starling Way listed at $897K.

4 closed sales: 3013 Poinciana Cir $255K, 1044 Fish Crow Rd $350K, 9042 Mockingbird Dr $385K, 0 West Gulf Dr $3.7M.

Captiva

CONDOS

Nothing to report.

HOMES

1 new listing: 14991 Binder Dr 4/4 $6.295M.

1 price change: 14865 Mango Ct 2/2 now $1.295M.

1 new sale: 15261 Captiva Dr 4/4.5 listed at $11.499M.

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.

Until next Friday, wishing you only bright skies & easy summer rains,

Susan Andrews, aka SanibelSusan

Happy Mothers Day Sanibel Style – Mama Osprey Feeding Her Chicks

Happy Friday, it is Susan reporting another beautiful Friday on sunny Sanibel with more perfect weather expected over the Mothers’ Day weekend. The SanibelSusan Team hopes your weekend also is a sunny one. Here is a sweet photo compilation from our pal Scott of the osprey nest at his island home. If you saw the three chicks in the photos he shared last week, look how big they are getting as their mama feeds them. Thanks for sharing, Scott!

At SanibelSusan Realty

Here at the office, the team and I are working through action items with a couple of listings under contract and coordinating showings at our remaining condo listing which already has two lined up for tomorrow during the brief 2-hour turn-over window.

This week, I also received several calls from owners thinking of selling, but unfortunately, if they do not have somewhere to go, finding alternative housing on-island now is as tough as finding rentals for next winter. Here is a colorful photo taken this morning during a spin through Sanibel’s Seagull Estates – we usually call this tree a Royal Poinciana but the pix illustrates why it is called a Flamboyant tree in the Caribbean. We always know it is May when these trees burst into bloom!

Wednesday, I showed a special property. With just 12 homes for sale on Captiva, it was fun to show the spectacular “Pink House” which is the first property after the Santiva bridge going onto Captiva. I had not been inside since before it sold in 2014. Today, it is even more stunning. With sunrise views out the back overlooking Blind Pass Bay to Roosevelt Channel and sunset views over the gulf out the front, plus the beach land across the street. The charming interior spans four levels (with elevator) and features jaw-dropping views from every floor, nearly every room. Beyond the interior living spaces are a waterside open deck, screened porch, new dock with lift and boat, spacious garage and storage spaces, whole-house generator, plus expansive outdoor entertainment area and pool. Big thanks to Royal Shell listing agent, Realtor® Trevor Nette, for making it easy to show. With six bedrooms, four and a half baths, it certainly is big enough.

Yesterday, working with another client, I showed a Sanibel home that had only been on the market for a few hours. It already had an offer over asking price and two other lookers. It certainly is challenging when there are not enough listings for the demand. No one wants to get into a bidding war, but until things change – will they ever? – if buyers see something they like, they should grab it as who knows when, or if, another opportunity will come along.

Yesterday I also attended a Zoom class. First time offered by Florida Realtors® and by popular instructor and Realtor® friend, Patti Ketcham from Tallahassee, this class covered Florida’s two trust funds that are part of Florida’s Affordable Housing Act.

Passed in 1992, at the urging of Florida’s builders and Realtors®, this Act raised the state’s documentary tax stamp on deeds by ten cents per $100 of the property value. The funds were directed to two trust funds – one for local governments and one for the state – SHIP and SAIL.

  • SHIP (State Housing Initiative Partnership) primarily funds the production and preservation of affordable housing for low- and moderate-income households.
  • SAIL (State Apartment Incentive Loan) program provides funding for the construction and rehabilitation of multifamily rental housing.

Particularly with today’s real estate boom in Florida and lack of affordable housing, Patti urged the 200+ class attendees to get involved and her class explained how to do it. (To further toot, Patti’s horn, she also is an appointed Florida Real Estate Commissioner, presiding as their chair in 2020. She has been Florida Realtors® Educator of the Year and is the recipient of such fun feedback comments as “she’s such as great instructor I would sit in her class for 8 hours discussing dandruff, yard weeds, fungus, fingernails, factory smog, or spelling.”) She definitely is inspiring!

The action reported since last week in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

Florida Realtors® Fight for Environment

Posted Wed, May 5 on FloridaRealtors® on-line: “In July, Realtors across Fla. will clean the state’s beaches, rivers and waterways – a hands-on approach that complements legislative efforts to protect the environment.

“ORLANDO, Fla. – If there is one thing Realtors® in Florida understand well, it is the timeless allure of a beautiful home on the shores of a sandy beach or the banks of crystal-clear natural springs. It’s that allure that makes Florida so attractive to out-of-state buyers who dream of spending weekends sunning on some of the best beaches in the world, paddle-boarding a nearby river or hiking along a pristine freshwater spring hoping to spy a manatee or two.

“While Florida Realtors®’ members understand that although Florida must continue to develop its communities and the industries that support them, it also understands that it cannot be growth at any cost. In its more than 100-year history, Florida Realtors has been a leading voice to protect our state’s waterways. In the past decade alone, Florida Realtors PAC-supported lawmakers have allocated billions of dollars toward environmental projects that renourish beaches, clean springs, preserve the Everglades and fight the negative impacts of red tide.

““Florida Realtors has made it a top priority to advocate for preserving and protecting Florida’s water resources. Florida’s a destination to live, work and play because of our beautiful waterways and beachlines,” says Florida Realtors 2021 President Cheryl Lambert. “We’ve conducted studies tying home values to water quality, urged lawmakers to prioritize funding, and launched Florida waters’ largest statewide clean-up event in 2020.”

“It’s not just political lip service. Realtors know that, sometimes, the best way to make something happen is to get your hands dirty and do it yourself. This July, for the second year in a row, Realtors will fan out across their communities, descending upon lakes, rivers, springs and beaches around the state with a singular goal: to clean and protect precious and vital waterways.

“The event, Florida Realtors Clean Up Florida Waters, is organized by local Realtor associations, Florida Realtors district vice presidents, local Realtor organizations’ Young Professional Networks as well as individual brokerages and Realtor members.”

Sanibel’s COVID-19 State of Emergency Ends

Following action this week by Florida Governor Ron DeSantis to suspend all local COVID-19 emergency mandates, Sanibel’s State of Emergency was not extended and expired at midnight Tues, May 4. With that expiration, the Sanibel’s Covid-related restrictions including the City-wide face-covering mandate also expired. City businesses retain the authority to regulate mask requirements within their establishments. Additionally, Sanibel City Council took the following actions related to Covid-19:

  • The temporary outdoor dining approved during the Statement of Emergency will be allowed to continue while City Council considers legislation to permanently allow outdoor dining (which was temporarily permitted during the pandemic).
  • City buildings, including Sanibel City Hall offices will be open to the public, at this time face coverings will continue to be required inside all City buildings, including the Recreation Center.
  • Covid-related restrictions on Special Events implemented by Sanibel City Council are lifted.
  • Sanibel City Hall Council Chambers public seating is increased to 50% capacity.
  • The Sanibel Farmers Market will determine their own face covering policies.

The number of Sanibel Covid-19 cases reported from March 26, 2020 through May 4, 2021 is 256. Captiva’s cases total 12.

Sanibel & Captiva Islands Multiple Listing Service Activity April 30-May 7, 2021

Sanibel

CONDOS

4 new listings: Captains Walk #B2 1/1 $299,999; Spanish Cay #D6 2/2 $569K; Pointe Santo #B25 2/2 $829K; Pointe Santo #C3 3/2 $1.099M.

1 price change: Pointe Santo #C43 3/2 now $1.05M (our listing).

View from Pointe Santo #C43

8 new sales: Kimball Lodge #264 1/1.5 listed at $570K, Loggerhead Cay #261 2/2 listed at $714.5K, Pointe Santo #A1 2/2 listed at $889K, Loggerhead Cay #523 2/2 listed at $945K, Sanibel Surfside #115 2/2 listed at $1.05M, Sunset South #4D 2/2 listed at $1.05M, Cyprina Beach #3 3/3 listed at $1.6M, Pointe Santo #A47 3/2 listed at $1.995M.

8 closed sales: Sanibel Moorings #242 1/1 $405K, Blind Pass #E101 2/2 $480K, Loggerhead Cay #373 2/2 $660K, Pointe Santo #E2 2/2 $920K, Sanibel Arms West #D6 2/2 $940K, Sanctuary Golf Villages I #1-5 $950K, Tarpon Beach #206 2/2 $995K, Compass Point #102 2/2 $1.275M.

HOMES

12 new listings: 9214 Kincaid Ct 2/2 $695K, 1585 Serenity Ln 3/3 $749K, 223 Southwinds Dr 3/2 $815K, 1371 Tahiti Dr 2/2 $839K, 4598 Bowen Bayou Rd 3/2 $849K, 770 Donax St 2/2 $850K, 750 Nerita St 3/2 $899K, 915 Palm St 3/2 $995K, 221 Robinwood Cir 3/2 $999K, 1362 Tahiti Dr 4/3 $1.295M, 939 Beach Rd 3/2.5 $1.65M, 4949 Joewood Dr 5/5 $4.395M.

2 price changes: 486 Surf Sound Ct 3/3.5 now $1.2M, 930 Kings Crown Dr 3/2 now $1.695M.

10 new sales: 966 Fitzhugh St 2/1 listed at $589K, 604 Sea Oats Dr 3/3 listed at $949.9K, 1747 Jewel Box Dr 3/2 listed at $999K, 2755 Wulfert Rd 3/3.5 listed at $1.098M, 820 Angel Wing Dr 3/2 listed at $1.45M, 3385 Twin Lakes Ln 5/5 listed at $1.695M, 6418 Pine Ave 3/3 listed at $1.789M, 1460 Middle Gulf Dr 4/4.5 listed at $1.799M, 2857 Wulfert Rd 4/5 listed at $1.895M, 1020 Bayview Dr 5/5.5 listed at $4.595M.

13 closed sales: 1339 Tahiti Dr 3/2 $485K, 1606 Bunting Ln 3/2 $649K, 2985 Island Inn Rd 2/2 $649K, 2010 Wild Lime Dr 4/4 $759K, 567 N Yachtsman Dr 3/3 $1.05M, 1341 Eagle Run Dr 3/2.5 $1.058M, 1890 Middle Gulf Dr 3/3 $1.135M, 446 Surf Sound Ct 3/2 $1.178M, 542 N Yachtsman Dr 3/2 $1.225M, 1133 Buttonwood Ln 3/2.5 $1.31M, 1275 Par View Dr 3/2 $1.38M, 1266 Isabel Dr 3/3 $2.775M, 4955 Joewood Dr 6/4.5 $3.05M.

LOTS

No new listings or price changes.

6 new sales: 2310 Wulfert Rd listed at $299K, 5642 Baltusrol Ct listed at $327.5K, 5648 Baltusrol Ct listed at $328.5K, 255 Hurricane Ln listed at $368K, 6505 Pine Ave listed at $759K, 6519 Pine Ave listed at $779K.

2 closed sales: 1292 Par View Dr $345K, 3941 West Gulf Dr $3.5M.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Lands End Village #1629 2/2 listed at $1.3745M, Lands End Village #1635 2/2 $1.429M.

3 closed sales: Bayside Villas #4124 1/2 $410K, Captiva Shores #1B 3/2.5 $1.67M, Beach Homes #18 4/3 $3.05M.

HOMES

1 new listing: 16280 Captiva Dr 6/6 $8.9M.

2 price changes: 15138 Wiles Dr 6/5.5 now $6.495M, 11559 Laika Ln 3/3 now $6.9M.

1 new sale: 15133 Captiva Dr 3/3 listed at $2.995M.

No closed sales.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 16685 Captiva Dr $2M.

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

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

Happy Mothers’ Day weekend! Susan Andrews, aka SanibelSusan

A Trio of Baby Osprey Accompanies Today’s Island Update

Here it is another Friday with an update saying island weather again is beautiful. Sanibel and Captiva had plenty of sunshine over the last few days, with temperatures usually in the low 80’s, then cooling down a bit in the evenings. A quick shower last night might be indicating the rainy season is beginning. More of the same is expected next week.

A client that purchased his bayside home with us a few years ago also is a blog follower and knows we love island wildlife. His property has a huge osprey nest on the dock. He shared these recent pix so I could share them with you. Thank you, Scott.

Sanibel & Captiva Islands Association of Realtors® April Membership Meeting

Yesterday was the monthly membership meeting of the local Association of Realtors®. Speaker was Michael Nachef, Director of Government Relations for Lee Health. It was a Zoom meeting, apropos since Michael was calling from Tallahassee where Florida’s legislative session is wrapping up this week. His update on the pandemic offered some interesting info. Here are some takeaways:

COVID-19 Update

This Wed, Apr 28, 2021, there were a total of 188 COVID patients in Lee Health hospitals. Compare this to the highest number in July 2020, when there were 360 patients. The low was in Oct 2020, when there were only 44 patients.

Wondering why? During pandemic tracking, the median patient age has shifted downward. Leading into the high, the median patient age was 64/65. Today, the median age is 39, proving that vaccinating the primary (older) group is working and showing that younger residents re-engaging in social activities are not protected and urgently need vaccinations.

He said that it will take 70/80% of the population to be vaccinated for herd immunity. Once vaccinated, an individual has only a 10% chance of getting the virus and if they do get it a 95% chance that they will be asymptomatic or show no evidence of the disease.

Today just 54% of the population has had one dose, so everyone is encouraged to get vaccinated. Locally, more vaccines now are available than those wanting appointments.

Sanibel & Captiva Real Estate News

It was not a surprise that there were few real estate announcements during the Caravan portion of the meeting. No announced new listings, just one price reduction, and just one property open for viewing.

Usually after Easter, business slows on the islands. The activity posted in the Sanibel & Captiva Multiple Listing Service (MLS) follows a couple of news items below. First, the latest summary numbers from MLS. Hard to believe that on Sanibel there are only 83 properties for sale on the entire island – that includes just 27 homes. With 431 Sanibel sales already this year, it has been a buying frenzy!

 

Sanibel

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
For sale 4/30 33 859,672 27 2,612,185 23 616,879
Under contract 56 809,171 78 1,477,048 17 1,239,576
Sold/closed 2021 thru 4/30 109 860,780 136 1,304,958 35 529,828
Sold/closed in all of 2020 192 733,876 290 954,718 23 606,233
Sold/closed in all of 2019 127 694,392 211 949,790 15 372,200

At SanibelSusan Realty

This week, the team and I are thankful that another listing is under contract and another closing finalized. Our remaining listings continue to get inquiries and good action. As inventory continues to dwindle, we hear the same news from friends in other vacation destinations.

Gov. DeSantis Again Extends Florida’s COVID-19 State of Emergency

On Tuesday, Florida’s Gov. DeSantis extended the state emergency order for another 60 days. Since March 2020, the Governor has been extending the original emergency order in 60-day increments. This order allows Florida to activate its emergency operations center, work with and ask for federal government assistance, and allowed deployment of the Florida National Guard to help.

It also has allowed additional precautions by state and local agencies to keep workers safe from exposure and has allowed licensed healthcare workers certified in other states to practice in Florida, providing more hands for testing, vaccination, and other care.

This week, Sanibel’s State of Emergency also was extended for another week (or until May 4) by Mayor Holly Smith. The number of cases reported here from March 26, 2020 through April 28 is 250. Captiva’s cases total 12.

U.S. – 2nd Most-Affordable Housing Market in the World

Who knew? This interesting tidbit in the May 2021 “FloridaRealtor®” magazine: “The United States is the second-most-affordable housing market in the world, according to comparethemarket.com. Researchers looked at average property price per square foot and average disposable income to calculate the cost per square foot as a percentage of annual income. No. 1? Turkey, followed by the United States, Russia, South Africa, and Mexico.”

Sanibel’s 2021 Prescribed Burn Areas

2021 City Map of Prescribed Burn Areas

J.N. “Ding” Darling National Wildlife Refuge posted the below info on-line this week: “During the 2021 spring/summer season, the Sanibel Prescribed Fire Task Force is planning prescribed burns on the following conservation sites:

SCCF/City of Sanibel – Erick A. Lindblad Preserve

USFWS, JN “Ding” Darling NWR – Legion Curve, Botanical Site, & Bailey Tract

“We would like to invite the public to a virtual information meeting on Wed, May 5, 2021 starting at 5:30 p.m. to discuss the burn plans and address any questions or concerns. Access to this meeting is through this Zoom link:

https://sccf-org.zoom.us/j/89160685854….

“When forecasted conditions are favorable, the Sanibel Prescribed Fire Task Force will issue further notification that a prescribed burn is imminent and identify the specific location of the burn. All prescribed fires must be authorized by the Florida Forest Service on the morning of the scheduled burn. A change in the forecast conditions may result in cancellation of the planned burn. A prescribed fire will NOT be conducted if the prescription conditions cannot be met prior to ignition.

SCCF photo

“A burn plan, or “prescription,” has been established for the priority areas within these conservation lands. The prescription details the required conditions that must exist in order for a prescribed burn to take place. These include environmental conditions such as soil moisture, fuel conditions, and recent rainfall, as well as forecasted and actual weather conditions including temperature, relative humidity, wind speed and wind direction. Following a predefined prescription allows fire management officers to establish the desired fire behavior (intensity, flame length, direction of fire spread and smoke). The prescription also identifies the number of qualified fire personnel needed to conduct the burn as well as the types and number of equipment required to safely complete the burn.

“Why are prescribed fires needed? Fire is a natural part of Florida’s ecosystem, historically set by lightning. Because of this history of periodic fires, many of Florida’s natural communities are adapted to burning. Fire removes old vegetation, promotes new growth of native vegetation, and suppresses the growth of non-native invasive plants. In the absence of fire, many plant communities are displaced by dense, woody vegetation which can reduce plant diversity and eliminate foraging opportunities for the island’s wildlife. Species such as the gopher tortoise, eastern indigo snake, and Sanibel rice rat all depend on a fire-maintained ecosystem. In addition to the natural benefits of fire, carefully planning and conducting prescribed burns can reduce the likelihood of catastrophic wildfires by reducing the amount of vegetation – or “fuel”—that would be available in the event of a wildfire.”

Sanibel & Captiva Islands Multiple Listing Service Activity April 23-30, 2021

Sanibel

CONDOS

4 new listings: Sanibel Arms West #C6 2/2 $955K, Gulfside Place #124 2/2 $1.385M, Cyprina Beach #3 3/3 $1.6M, Pointe Santo #A47 3/2 $1.995M.

1 price change: Pointe Santo #A1 2/2 now $889K.

10 new sales: Sanibel Arms #H6 1/1 listed at $360K; Mariner Pointe #731 2/2 listed at $525K; Kimball Lodge #244 1/1.5 listed at $550K; Sanibel Arms #A1 2/2 listed at $555K, Sundial #C303 2/2 listed at $695K; Oceans Reach #2D1 2/2 listed at $890K; Sanibel Arms West #C4 2/2 listed at $910,990; White Sands #23 2/2 listed at $1.099M (our listing); Island Beach Club #230D 2/2 listed at $1.335M, Compass Point #151 3/3 listed at $1.495M.

10 closed sales: Mariner Pointe #541 2/2 $515K (our listing), Sanibel Arms West #A1 2/2 $525K, Sanibel Arms West #I4 2/2 $559K, Sanibel Arms West #J3 2/2 $560K, Sanibel Moorings #842 2/2 $610K, Sunset South #10C 2/2 $700K, Sandpiper Beach #105 2/2 $797.5K, Pelicans Roost #203 2/2 $875K, Pointe Santo #E22 2/2 $875K, Royale Tern #204 3/3.5 $1.2475M.

HOMES

3 new listings: 1643 Bunting Ln 2/2 $599K, 999 East Gulf Dr #103 4/3 $1.995M, 1237 Isabel Dr 6/6.5 $3.195M.

3 price changes: 5100 Sea Bell Rd 4/2.5 now $949K, 820 Angel Wing Dr 3/2 now $1.45M, 1306 Seaspray Ln 4/4 now $4.245M.

12 new sales: 1643 Bunting Ln 2/2 listed at $599K, 1644 Bunting Ln 3/3 listed at $658K, 868 Rabbit Rd 3/2 listed at $725K, 4505 Bowen Bayou Rd 3/3 listed at $729K, 9456 Beverly Ln 3/2 listed at $789K, 2480 Library Way 3/2.5 listed at $829K, 4377 Gulf Pines Dr 3/3 listed at 875K, 915 Fitzhugh St 4/2.5 listed at $945K, 5773 Sanibel-Captiva Rd 2/2 listed at $1.225M, 812 Birdie View Pt 3/3.5 listed at $1.549M, 1761 Venus Dr 4/3.5 listed at $1.899M, 768 Limpet Dr 3/3 listed at $2.3M.

3 closed sales: 1940 Periwinkle Way 3/2 half-duplex $565K, 4202 Old Banyan Way 3/2 $848K, 2843 Wulfert Rd 4/5 $1.295M.

LOTS

No new listings.

1 price change: 0 Rue Bayou now $649,555.

4 new sales: 255 Hurricane Ln listed at $368K, 5687 Baltusrol Ct listed at $399K, 1318 Par View Dr listed at $399K, 00 West Gulf Dr listed at $3.895M.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Cottages #1423 2/2 listed at $1.195M.

4 closed sales:  Tennis Villas #3212 1/1 $305K, Gulf Beach Villas #2024 3/3 $1.035M, Captiva Shores #7B 3/2.5 $1.324M, Lands End Village #1662 3/3 $1.99M.

HOMES

No new listings or price changes.

2 new sales: 42 Oster Ct 2/2.5 listed at $1.095M, 41 Oster Ct 2/2.5 listed at $1.125M.

4 closed sales: 18 Urchin Ct 2/2 $1.0625M, 15146 Wiles Dr 2/2 $2M, 11544 Wightman Ln 4/4.5 $2.1M, 11541 Paige Ct 3/4/2 $3.625M.

LOTS

Nothing to report.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

The Island Real Estate Market Remains Hot… Sunny too!

It is time to report another sunny Friday on Sanibel. Weather was not like this all week. Some much-needed rain was received Mon through Wed, followed yesterday by the highest recorded temperatures in the nation. The high today is expected to be 83 degrees F, followed by another week of the same sunny weather with maybe a passing thunderstorm Sunday morning. We sure are lucky to be here!

Sanibel’s State of Emergency

On Tuesday, Sanibel’s State of Emergency due to COVID-19 again was extended another week (until April 27). Masks remain required in all businesses and outside where social distancing is not possible. Just one more case reported on Sanibel this week with a total of 249 cases from Mar 26, 2020 through Apr 21, 2021. Still just 11 on Captiva during the same timeframe.

Sanibel & Captiva Farmers Markets

With Florida’s vegetable growing season winding down, visitors and locals who enjoy the local farmers markets have one more month to visit them on the islands. Sanibel Farmers Market at City Hall is OPEN Sundays, 8-1 through May 30. Captiva Island Farmers Market at South Seas Island Resort is OPEN Tuesdays, 9-1 through May 25.

The other Local Roots markets at the Sanibel Outlets and on Boca Grande have already finished their season, while the Wednesday markets at Lakes Park and Thursday markets at Coconut Point will finish up next week (Apr 28 and 29).

The Saturday morning Bonita Springs markets continue through May, while the River District markets in downtown Fort Myers are Thursday mornings year-‘round (except Thanksgiving).

Who knew when Betsy and Jean organized their first market nearly 15 years ago in the parking lot at Tahitian Gardens, that their business would expand into some of the largest fresh markets in Lee County. Congratulations, ladies! More details on http://buylocallee.com.

At SanibelSusan Realty

Here in the office, teammates Dave, Elise, and I got our monthly progress report letter in the mail. Those again illustrate how inventory is dwindling. Our three remaining listings all had inquiries and showings this week, with more showings scheduled tomorrow during guest turns-overs.

I was out showing homes most of Monday. With only 32 for sale on the entire island, it is difficult for buyers to find exactly what matches their desires. This week, Sanibel condo inventory also is down. There are just 36 units for sale. Owners looking to make a change, whether they are buying to upsize or downsize, will benefit from selling high but may struggle with limited buying options (which also will be high).

From the inventory action posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday, which follows a couple of news items below, you will notice only two new listings (Sanibel & Captiva) during the 7-day period. With 30 new sales and 13 closings during that same window, inventory is further reduced.

There would have been one more closing, but we had a snafu with one that was to occur this week. The buyer was using her hometown bank for a mortgage. (When the property went under contract, I asked the buyer’s agent who would be doing the financing and warned her there always are problems with non-local banks. She assured me there would be no trouble with this one. Ha!)

The bank (where the buyer had done business for decades) provided written loan commitment weeks ago, but when it came time for them to issue loan documents to the title company, they denied the loan. I have never heard of this happening, but thankfully our seller is co-operative, is giving the embarrassed buyer more time, and the Sanibel-Captiva Community Bank has come to the rescue. David Wright and San-Cap Bank routinely lend all over the island and will get this one closed albeit with a bit of a delay.

Water Quality Update

As we continue to enjoy the bright blue waters viewed when crossing the causeway, it is important to remember what can happen after the rainy season. An article written by SCCF’s Environmental Policy Director, James Evans, and posted in this week’s “Island Reporter” has some news about that:

“The U.S. Army Corps of Engineers is in the process of developing a new Lake Okeechobee Regulation Schedule that will provide new guidance on how the Army Corps will manage water in Lake O for the different parts of South Florida’s complex water management system. The new schedule is called the Lake Okeechobee System Operating Manual, or LOSOM.

“LOSOM will consider additional infrastructure that will soon be operational, including rehabilitation of the Herbert Hoover Dike, Kissimmee River Restoration and Comprehensive Everglades Restoration Plan (CERTP) projects, such as the C-43 Reservoir located within the Caloosahatchee watershed and the C-44 Reservoir location in the St. Lucie watershed. LOSOM is supposed to balance the various project purposes of the Central and South Florida Project (C&SF); flood control; navigation; water supply for agricultural irrigation, municipalities, industry and Everglades National Park; regional groundwater and salinity control; enhancement of fish and wildlife; and recreation.

“Extensive drainage work that has occurred in the Caloosahatchee watershed over the past century resulted in a system that drains very quickly with little to no treatment, resulting in water of poor quality being delivered to the estuary and the coast. Because of these hydrological changes, the Caloosahatchee currently receives the lion’s share of the harmful discharges from the lake during the rainy season and is often cut off from beneficial flows during the dry season. This has resulted in wide-ranging damage to the estuary and its ecosystems, including impacts to freshwater tape grass, oysters and sea grasses that depend on a balance of fresh and saltwater.

“CERP is the roadmap to restoring the ecosystem damage caused by the C&SF Project. The goal of CERP is to restore the quality, quantity, timing and distribution of freshwater flow to the Everglades and Florida Bay and the northern estuaries of the Caloosahatchee and St. Lucie. The plan relies on massive infrastructure projects to store, treat and convey freshwater to the Everglades and reduce damaging discharges to the northern estuaries.

“While we wait for Everglades restoration to be completed, we have the opportunity to better balance the needs of our natural systems through development of the new lake regulation schedule. LOSOM is not designed to solve all our water management issues – although some stakeholders are using LOSOM to push for near-perfect water management conditions without the infrastructure to support such a request.

“The Army Corps of Engineers and the South Florida Water Management District will need to make challenging decisions about how best to balance the needs of the system. It is unacceptable to continue to operate the system to benefit private landowners at the expense of our public resources.

“During the LOSOM process, we need our West Coast stakeholders to be engaged and support plans that reduce the damaging high-flow discharges to the Caloosahatchee, while providing beneficial flows during the dry season. We also need to support plans that protect other natural systems that we depend on by maintaining water levels in Lake O that maintain a healthy ecosystem and deliver dry season flows to the Everglades. This can only be achieved by all stakeholders recognizing the need for truly balancing the needs of the entire system.

“To learn more about the U.S. Army Corps of Engineer’s process for development LOSOM, visit the Lake Okeechobee System Operation Manual at https://www.saj.usace.army.mil/LOSM.”

More info at www.SCCF.org, too.

Sanibel-Captiva Conservation Foundation Marine Lab Data to Help

From SCCF’s Wednesday update: “The SCCF Marine Laboratory recently uploaded its extensive water quality data from Gulf waters off our islands into the Florida Department of Environmental Protection’s (FDEP) Watershed Information Network database system. This is a major step forward so that the state can officially evaluate the Gulf of Mexico’s quality for management planning.

“Southwest Florida residents are likely to assure that the state already understands what’s happening in the Gulf due to repeated red tide and algae bloom events that impact humans and wildlife. However, not even one “waterbody unit” in the Gulf has ever been evaluated by FDEP due to a lack of enough water quality data.

SCCF photo – Marine Lab getting water samples.

“SCCF put forth a tremendous effort for this very purpose. The SCCF Water Quality Database was created in 2009 and it includes 88,000 samplings and analysis records from nearly 9,700 separate sampling events. Using the R/V Norma Campbell, The Marine Laboratory regularly collets water quality data in the Gulf of Mexico thanks to funding from the Vince Family through Goldman Sachs Cares.

“”That’s a lot of records,” said SCCF Research Associate Mark Thompson. “The FDEP requires each record go through a series of more than 100-quality assurance checks before it can be accepted. The data must be in the correct form and order, with the correct elements that fall within acceptable ranges. You can imagine how time-intensive this feat was to upload 88,000 records.”

“This massive undertaking will eventually be rewarded through improved state and federal management. The Impaired Water Rule requires the state to identify impaired waterbodies based upon existing water quality data – so now it has the data that show how and where the water is impaired and the sources of those problems.

“The FDEP’s Watershed Information Network (WIN) database evaluates and maps the state’s waters, each portioned into what the state calls a “waterbody ID unit” as indicated on this chart. A certain amount of data is needed before the unit is evaluated, and the information is used by researchers and reported to the U.S. Environmental Protection Agency.

“”SCCF has collected enough data to satisfy FDEP requirements for evaluating Gulf of Mexico waterbody segments near Sanibel and Captiva,” said Thompson. “This data is ready to be assessed by FDEP so it can get started on improving water quality in the Gulf.”

Thompson added, “This sounds dry and boring to most folks – even to the person who did it. But there was a warm and fuzzy feeling which transpired just after the deed was done.””

Sanibel & Captiva Islands Multiple Listing Service Activity April 16-23, 2021

Sanibel

CONDOS

No new listings.

2 price changes: Sundial #C303 2/2 now $695K, Sanibel Arms West #C4 2/2 now $910,990.

13 new sales: Sanibel Moorings #242 1/1 listed at $409K, Sundial #I105 1/1 listed at $415K, Sundial #C409 1/1 listed at $469K, Sandpebble #1D 2/2 listed at $569.5K, Pointe Santo #C4 1/1 listed at $585K, Sanibel Arms West #E4 2/2 listed at $889K, Oceans Reach #1C1 2/2 listed at $899K, Pelicans Roost #102 2/2 listed at $930K, White Sands #13 2/2 listed at $949K, Sanddollar #B101 2/2 listed at $1.125M, Pointe Santo #E26 2/2 listed at $1.269M, Sanddollar #C202 3/2 listed at $1.3M, Pointe Santo #E24 3/2 listed at $1.495M.

5 closed sales: Tennisplace #C26 1/1 $350K, Mariner Pointe #241 2/2.5 $665K, Heron at The Sanctuary #1B 3/3.5 $850K, Sanddollar #C201 2/2 $1.18M, Tigua Cay #489 3/3.5 $2.325M.

HOMES

1 new listing: 9456 Beverly Ln 3/2 $789K.

7 price changes: 1644 Bunting Ln 3/3 now $658K, 2011 Mitzi Ln 2/1 now $685K, 4619 Bowen Bayou Rd 3/2 now $862K, 5773 Sanibel-Captiva Rd 2/2 now $1.225M, 820 Angel Wing Dr 3/2 now $1.495M, 1761 Venus Dr 4/3.5 now $1.899M, 486 Surf Sound Ct 3/3.5 now $1.295M

13 new sales: 2098 Wild Lime Dr 3/2 listed at $795K, 1560 Poinciana Cir 3/2 listed at $880K, 5186 Sea Bell Rd 3/3 listed at $998K, 2563 Coconut Rd 2/2 listed at $1.049M, 1350 Sand Castle Rd 3/2 listed at $1.199M, 5423 Shearwater Dr 3/3 listed at $1.245M, 812 Sand Dollar Dr 3/3 listed at $1.249M, 9445 Beverly Ln 4/3 listed at $1.375M, 940 Whelk Dr 3/2 listed at $1.47M, 837 Sand Dollar Dr 3/3.5 $1.895M, 813 Angel Wing Dr 3/3.5 listed at $2.689M, 4601 Rue Belle Mer 3/2 listed at $3.395M, 4701 Rue Belle Mer 4/5 listed at $3.395M.

5 closed sales: 958 Sand Castle Rd 3/2 $705K, 1421 Sand Castle Rd 3/2 $905K, 1200 Kittiwake Cir 3/2 $905K, 249 Violet Dr 4/3 1.04M, 3744 West Gulf Dr 4/4 $1.95M.

LOTS

1 new listing: 2299 Starfish Ln $549K.

No price changes.

2 new sales: 3013 Poinciana Cir listed at $259.9K, 0 West Gulf Dr listed at $3.895M.

1 closed sale: 6008 White Heron Ln $810K.

Captiva

CONDOS

No new listings.

1 price change: Seabreeze #1251 3/3 now $2.05M.

1 new sale: Ventura Captiva #4A 3/3 listed at $1.1M.

1 closed sale: Bayside Villas #4322 3/3 $729K.

HOMES

No new listings or price changes.

1 new sale: 15155 Wiles Dr 3/2 listed at $1.975M.

1 closed sale: 15000 Binder Dr 3/2 $1.271M.

LOTS

Nothing to report.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

Sanibel White Stuff = Sand & Seashells

It is another sunny Sanibel Friday. More warm weather abounds in SW Florida and the drive across the causeway is back to the brilliant azure blue that we see each spring before the rainy season begins.

There was a noticeable decrease in traffic this week on Periwinkle Way, but the City continues to post their daily noontime warning as soon as more than 5,500 cars cross the causeway. I still drive home from the office the back way, with little to no waits this week between 5 and 6 p.m.

Regarding Sanibel’s State of Emergency due to COVID-19, on Tuesday, Mayor Holly Smith again extended the mask requirement and the emergency proclamation until next Tuesday, April 20. Masks are required in all businesses and outside where social distancing is not possible. It seems to be working with a total of 248 Sanibel cases reported from March 26, 2020 through April 14, 2021, a total of 11 on Captiva.

This May Be the Best Month Ever to Sell a Home

Posted on-line yesterday, Apr 15, 2021 on FloridaRealtors®, by Kerry Smith: “Study: April is the best month to sell a home – more buyer interest, less competition, higher list prices and faster sales – and given market conditions right now that strongly favor sellers, there may never be a better time for homeowners to post a for-sale sign in their yard.”

“In today’s market, it seems as if it’s always a good time to sell a home because they’re selling fast, often sight unseen. However, this month, depending on the city, may be the best time of the best times to sell a home, according to realtor.com’s 2021 Best Time to List analysis. From April 18-24, debuting home sellers should see more buyer interest, less competition from other sellers, a faster sale and a higher listing price, the study suggests.

“To determine the optimum time to list, the study considered competition from other sellers, median listing prices, time it takes to sell, likelihood of price reductions and interest from buyers measured by views per property on realtor.com’s website. Because of COVID’s disruption in 2020, the analysis included 2018-2019 listing data.

“Unlike 2020 when COVID upended the spring home-buying season and pushed buyer interest to later in the year, this year’s housing market is following more typical seasonal trends,” says realtor.com Chief Economist Danielle Hale. “With half as many homes available for sale this year than last, sellers are well positioned for a quick sale at top dollar. However, for most sellers, listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sale price. They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”

“However, while that April sweet spot for listing a home may be true for most Florida metro areas, it’s not so consistent in South Florida. According to realtor.com’s analysis, the best day of the year for a seller to list a home in a major Florida metro is:

  • Jacksonville: April 4
  • Miami-Fort Lauderdale-West Palm Beach: July 4
  • Orlando-Kissimmee-Sanford: April 25
  • Tampa-St. Petersburg-Clearwater, Fla.: April 25

What makes the week of April 18 stand out?

Higher price: Homes listed next week typically sell 2% higher than the average week and 10.4% higher than at the start of the year. If 2021 follows the typical seasonal trend, a median priced home listed next week could sell for $7,500 above the average week and $36,000 more than it would have in early January.

Strong buyer demand: Homes typically get 11% more views on realtor.com than the average week throughout the year.

Less competition: Homeowners who listed during the week of April 18 in 2018 and 2019 saw 5% fewer sellers on the market compared to the average week throughout the year.

Faster sale: Historically, homes listed during this week sold 14.1% faster than the average week. In 2021 terms, this would translate to selling in just 59 days – eight days faster than homes listed in other weeks, on average.

A downside to waiting?

While waiting a few months to list a home may be fine, some potential housing market shifts could lessen homeowners’ current advantage. Rising mortgage rates, which realtor.com forecasts will reach 3.4% by the end of the year, could dampen buyer demand later in the home-buying season.

“In addition, improved vaccination rates could also bring more competition if an uptick in homeowners decides that it’s now safe to make a move.

““It’s a seller’s market right now, but you still need to ensure your home makes a great first impression, especially if you want to get the best price for your place,” says Rachel Stults, deputy editor for realtor.com. “The key is zeroing in on what buyers want. In the wake of the COVID-19 pandemic, buyers are looking for more space – or flexible space they can transform into what they need.”” © 2021 Florida Realtors®

Why You Need SanibelSusan Realty Associates

With the “hot” real estate market in many parts of the country, including the islands, we have heard of prospective sellers saying, “You should reduce your commission since you won’t need to do as much work to get my property sold” or “You should charge less if you sell it yourself.”

Let’s consider these suggestions. First, if a seller wants to get sale terms that meet certain expectations, they need to make those requirements known. Perhaps they are only looking to sell if they get a certain price or maybe they can’t close until after a specific date or want to spend another winter here, or maybe they want to sell all their furnishings too.

Should they want the person that will negotiate terms on their behalf, be someone that is willing to give away their own fee? Or should they want someone working for them that will negotiate for them, like they do for themselves. Someone who is tough, but fair, honest, and forthright.

Especially in a hot market, sellers here need the exposure that only a local established on-island Realtor can provide. Everyone deserves solid ethical representation.

I built The SanibelSusan Team because I believe that no one is an expert in everything. In high school, I was voted “best all-‘round”. For years, I thought that meant I could do lots of things but was not a pro at any of them. Then I went to work for the government and then private industry. I found that whether in engineering or management or real estate, the strongest businesses are created with the smartest most-flexible people – not just one person.

On my team, my forte is the analysis, the details, the contracts, probably the result of all those years spent in marine engineering and in writing/administering/negotiating service contracts. I love the nitty gritty in getting a deal done.

Teammate Realtor® David Anderson, is our boots on the ground guy. He oversees the physical aspects of our office and the properties we list and sell. He is our internet sleuth and computer guru. He pulls files at City Hall, determines property values, researches their permit status and their opportunity for development or improvement. He accompanies our inspections, oversees repairs, and does our heavy lifting.

Teammate Elise Carnes, like Dave, has been part of the team for almost 21 years. As our licensed assistant and notary, Elise oversees our listing action items including preparing fliers, inventories, MLS postings, and bulk mailings. She schedules showings, follows up on feedback, and coordinates our weekly and monthly progress reports.

Realtor® teammate Lisa Murty is our Saturday gal. She coordinates weekend showings and updates our island inventory lists. She joined the team in 2007. With a background in the hospitality industry, she always is looking for ways to make selling our listings easy.

Does every SanibelSusan teammate know the ins and outs of the Florida sales contracts and are they all qualified to sell a property? Of course, they are, but more importantly we work together, capitalizing on our strengths, but flexible enough to do it all.

Whether The SanibelSusan Team is working for buyers, sellers, or both, we are fair, honest, and forthright. Our goal is to provide the best service. Our reputation is “we tell the truth” and sometimes that may be hard, but we want to make working with us the ”best” real estate experience.

Sanibel & Captiva Inventory

Table below with data from Sanibel & Captiva Islands Multiple Listing Service 4/16/2021. Prices in italics are asking prices.

Average sale prices are provided for closed sales year-to-date, and in all of the years 2020, 2019, and 2006 (which was the prior peak year).

It is hard to believe that there are only 36 homes currently for sale on Sanibel, compared to 193 sold this year. The condo market is catching up, with just 47 Sanibel condos for sale, 144 sold this year. More Sanibel lots have sold already than in each of the last 15 years. Forty-six have sold, just 28 are for sale.

 

SANIBEL

CONDOS HOMES LOTS
# Avg Price $ # Avg Price $ # Avg Price $
Available 47 841,778 36 2,325,580 28 819,111
Under contract 51 816,900 66 1,415,536 12 1,056,325
Sold to-date 2021 93 864,419 127 1,324,262 34 521,588
Sold 2020 192 733,876 290 954,718 23 606,233
Sold 2019 127 694,392 211 949,790 15 372,200
Sold 2006 143 866,972 156 1,143,682 18 523,917

 

 

CAPTIVA

CONDOS HOMES LOTS
# Avg Price $ # Avg Price $ # Avg Price $
Available 8 1,740,312 16 4,819,874 1 3,995,000
Under contract 14 1,270,671 10 2,328,100 1 2,450,000
Sold to-date 2021 19 967,684 20 3,244,595 0 N/A
Sold 2020 47 821,713 27 2,923,148 4 2,537,500
Sold 2019 29 1,037,077 17 2,737,503 1 1,375,000
Sold 2006 27 797.532 25 2,127,352 0 N/A

Sanibel & Captiva Islands Multiple Listing Service Activity April 9 to 16, 2021

CONDOS

2 new listings: Sanibel Arms West #I8 2/2 $624K, Sanibel Surfside #115 2/2 $1.05M.

2 price changes: Sanibel Moorings #242 1/1 now $409K, Sanibel Arms West #C4 2/2 now $911K.

3 new sales: Spanish Cay #F2 1/1 listed at $325K, Blind Pass #D203 2/2 listed at $459K, Loggerhead Cay #572 2/2 listed at $719K.

12 closed sales: Sanibel Moorings #1512 2/2 $529K; Sanibel Arms West #B5 2/2 $540K; Pointe Santo #B26 2/2 $675K; Sand Pointe #217 2/2 $752.5K; Sand Pointe #113 2/2 $775K; Sand Pointe #216 2/2 $800K (our buyer); Sanibel Arms West #F1 2/2 $924,150; White Pelican #111 2/2 $1.245M; Pine Cove #202 3/2 $1.3M; By The Sea #B301 2/2 $1.595M; Cyprina Beach #2 3/3 $1.65M; Somerset #D102 3/2.5 $1.8M.

Sand Pointe pool

HOMES

3 new listings: 5423 Shearwater Dr 3/3 $1.245M, 820 Angel Wing Dr 3/2 $1.595M, 4601 Rue Belle Mer 2/2 $3.395M.

2 price changes: 3010 West Gulf Dr 3/2 now $1.299M, 940 Whelk Dr 3/2 now $1.47M.

10 new sales: 1695 Serenity Ln 3/2 listed at $649K, 958 Sand Castle Rd 3/2 listed at $714K, 4505 Bowen Bayou Rd 3/3 listed at $729K, 1117 Captains Walk St 2/2 listed at $857K, 1275 Par View Dr 3/2 listed at $1.399M, 2303 Troon Ct 3/4 listed at $1.4959M, 1200 Kittiwake Cir 4/3.5 listed at $1.5M, 742 Sand Dollar Dr 3/3 listed at $1.55M, 775 Conch Ct 4/3 listed at $1.895M, 1680 Hibiscus Dr 3/3.5 listed at $1.975M.

18 closed sales: 1835 Ardsley Way 2/2 $444K; 976 Greenwood Ct 3/2.5 half-duplex $515K; 4397 Gulf Pines Dr 3/3 $655K; 5303 Umbrella Pool Rd 3/2.5 $685K; 1965 Roseate Ln 3/2 $740K; 1052 Fish Crow Rd 3/2 $760K; 3781 Coquina Dr 3/2 $794,999; 1045 Blue Heron Dr 2/2.5 $889K; 685 Sea Oats Dr 3/2/2 $1.05M; 957 Cabbage Ct 3/3 listed at $1,062,150; 5076 Joewood Dr 3/2 $1.329M; 490 Sawgrass Pl 3/2.5 $1.41M; 1480 Middle Gulf Dr 4/4/2 $1.56M; 2479 Harbour Ln 4/3 $1.695M; 513 Lighthouse Way 3/3 $1.755M; 1283 Isabel Dr 3/2 $1.84M, 550 Lighthouse Way 4/4.5 $2.775M; 4961 Joewood Dr 4/4 $4.995M.

LOTS

No new listings or price changes.

1 new sale: 6000 White Heron Ln listed at $850K.

3 closed sales: 667 Birdie View Pt $315K, 3308 Saint Kilda Rd $430K, 3324 Saint Kilda Rd $430K.

Captiva

CONDOS

No new listings, price changes, or new sales.

3 closed sales: Bayside Villas #5118 1/2 $392.5K, Lands End Village #1637 2/2 $1.41M, Lands End Village #1634 3/3 $2.32M.

HOMES

1 new listing: 15867 Captiva Dr 7/6 $12.7M.

2 price changes: 15300 Captiva Dr 9/7 now $6.7M, 15261 Captiva Dr 4/4.5 now $11.499M.

No new sales.

3 closed sales: 11504 Wightman Ln 4/3.5 $1.475M, 16727 Captiva Dr 5/4 $1.925M, 16447 Captiva Dr 7/6/2 $2.79M.

LOTS

Nothing to report.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

Another Bright Sunny Friday on Sanibel & Captiva

As the SanibelSusan Team and I maneuvered through another week of wonderful sunny island weather (low humidity, yet day-time temperatures in the 80’s), we occasionally had to remind ourselves to be patient. Easter always is the busiest week until Christmas, so it was not unusual for complaints about heavy roadway traffic, busy bike paths, and full lots at the public beaches. We try to take the temporary inconveniences in stride – hoping that some buyers are in the visitor mix – particularly ones that want to purchase our listings.

Beach in front of our listing at White Sands

Each day as soon as causeway traffic exceeded 5,500 vehicles (usually before noon), The City website, www.MySanibel.com, posted warnings of heavy off-going afternoon/evening traffic. Lee County commissioners (who regulate the bridge tolls) met this week and discussed keeping the toll booth unmanned, while raising the fee from $6 to $8 to cover the additional costs associated with that change. No decision was made, but it could be an omen of things to come.

Weather Changing

Southwest Florida needs rain with many lawns and vegetation turning yellow and crunchy. Less than an inch of rain was accumulated last month, so water is needed. The rainy season usually does not start until May, but forecasters are saying that we may get brief scattered showers both Sunday afternoon and Monday.

Last week, I posted a couple of pix of the first two gardenia blooms on the bush by my front door. I guess, those plants don’t need a lot of water, as this week, the bush has exploded. Wish you could smell it – it’s heavenly!

When the rainy season begins, usually hurricane season is not far behind (Jun 1 through Nov 30). After the historic tropical storms of 2020, meteorologists predict 2021 could be another busy hurricane season, with between 16 to 20 named storms expected for the Atlantic area.

SanibelSusan Realty

This week at SanibelSusan Realty, we had another nice closing, a couple of walk-ins and several listing and showing inquiries. Unfortunately, once again, most Realtors® wanting to show our condo listings that are booked solid, have buyers departing before, or arriving after, the short Saturday window between when guests leave and new ones arrive.

Teammate Dave was out showing and has been sleuthing for properties that meet buyers’ requirements. We have done that a lot lately. We continue to search for new listings, particularly in communities where we have buyers “waiting”.

Sanibel & Captiva Islands Association of Realtors®

Now it has been more than a year since our Sanibel & Captiva Islands Association of Realtors® has met in person for Caravan and Membership meetings. We hope that changes soon. The next Open Caravan Zoom meeting is Apr 15.

Wondering about inventory today? It remains super low. Below is an update from the islands Multiple Listing Service as of Apr 9.

CONDOS:

On Sanibel, 46 for sale, average asking price $821,267.

On Captiva, eight for sale, average asking price $1,740,312.

HOMES:

On Sanibel, 39 for sale, average asking price $2,208,638.

On Captiva, 15 for sale, average asking price $4,280,599.

What about sales, year-to-date?

CONDOS:

On Sanibel, 148 sold/under contract, average asking price $866,941.

On Captiva, 33 sold/under contract, average asking price $1,112,239.

HOMES:

On Sanibel, 185 sold/under contract, average asking price $1,416,986.

On Captiva, 30 sold/under contract, average asking price $3,120,616.

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

Update on COVID-19

The mask mandate remains in effect for Sanibel businesses, with the City State of Emergency extended by the Mayor until Apr 13.

FISH (Friends in Service Here of San-Cap) was notified this week that they would get another 300 vaccine doses which were administered today (by appointment) at The Community House.

Today’s Housing Market? ‘Not the Time for Amateurs’

Posted on-line Wednesday at FloridaRealtors®:

“It may be possible to buy a home without the help of a Realtor – but it’s hard to see how given today’s multiple bid competitions for a limited number of homes.

“NEW YORK – Real estate agents agree: Even though the spring housing market is hot, many are desperate to find listings – and this is not the market for amateurs. Nationally, there are about half as many listings not under contract right now than there were a year ago, according to realtor.com The typical home also is now selling a week faster than last year.

“By the numbers, there are now about twice as many working real estate agents as there are listings. Spring is the traditional time of year when the most listings come on the market, but this past March saw 20% fewer homes listed than last March.

“Potential sellers have several concerns, the largest being that they’re afraid they won’t be able to find or afford another home. Not only are home prices incredibly hot – up over 11% year over year, according to the S&P Case-Shiller home price index – but rents are also rising fast.

““The uptick in mortgage rates is likely fueling more bidding wars in the short term because house hunters are rushing to buy homes before rates rise even further,” says Redfin chief economist Daryl Fairweather.

“Supply has been tightest on the low end of the market, but the higher end is now slimming as well. Moreover, real estate agents are relying on their networks to find homes for clients no longer constrained by location thanks to remote work. Source: CNBC (04/05/21) Olick, Diana © Copyright 2021 INFORMATION INC., Bethesda, MD (301) 215-4688”

Island Spring Things

SCCF Sea Turtle Program – Sanibel-Captiva Conservation Foundation (SCCF) Sea Turtle volunteers are trained and ready to begin surveying the islands during turtle nesting season, from Apr 15 through Oct. Nearly 100 volunteers take part in this program, conducting the surveys designed by the Florida Fish & Wildlife Conservation Commission, with a defined number of positions. Today, the wait list is more than the number of active volunteers with only a few positions opening each season.

Snowy Plovers – Tues, SCCF posted the following: “We are excited to report that we just roped off our first snowy plover nest of the season! Our shorebird biologist and volunteers found a one-egg nest on the East End of Sanibel this morning and roped it off immediately. The volunteers named the snowy plover … “Pale Male.” He’s shading the egg while his mate was off feeding to get energy to lay the next egg. We also have another area posted on the East End where our snowy plovers usually nest. There are two pairs that will likely nest there. Click here to learn how to protect these precious shorebirds! sancaplifesavers.org

Lake Okeechobee Releases Reduced

Last week, the U.S. Army Corps of Engineers Jacksonville District reported that it would reduce Lake Okeechobee release to coastal estuaries beginning April 3 to slow the lake recession rate. Releases to the Caloosahatchee River are reduced to 1,200 cubic feet per second as measured at the W.P. Franklin Lock and Dam and to 300 cfs as measured at the St. Lucie Lock and Dam. The releases are being continued as part of a planned deviation which was approved in Sept to reduce the risk of lake releases when harmful algal blooms are more likely present (in the summer). Since it began in Feb, the deviation has released about 80,500 acre feet of additional water from the lake.

One of the requirements for using the Harmful Algal Bloom deviation is for the Army Corps to maintain a recession rate of no more than 0.5 feet per month to avoid harm to nesting birds. As of Apr 2, the lake stage was at 14.44’. The lake had fallen 0.87’ in the past 30 days, but still was 2.61’ higher than it was one year ago and 2.58’ higher than two years ago. The releases regularly will be reevaluated as conditions change. Recent satellite images show conditions on Lake O remain poor for development of large harmful algal blooms. Additionally, the Florida Department of Environmental Protection tracks water samples. Operators continue daily monitoring.

Sanibel & Captiva Islands Multiple Listing Service Activity April 2-9, 2021

Sanibel

CONDOS

4 new listings: Blind Pass #D203 2/2 $459K, Blind Pass #E104 2/2 $549.9K, Sanibel Arms West #I2 2/2 $599K, Atrium #102 3/2 $1.498M.

No price changes.

9 new sales: Sundial #F106 1/1 listed at $465K, Kimball Lodge #264 1/1.5 listed at $570K, Loggerhead Cay #351 2/2 listed at $629K, Island Beach Club #210A 2/2 listed at $729K, Sanibel Arms West #D6 2/2 listed at $955K, Pointe Santo #C23 3/2 listed at $995K, Tarpon Beach #109 2/2 listed at $1.1M, Compass Point #102 2/2 listed at $1.375M, Shorewood #2D 3/2 listed at $1.595M.

7 closed sales: Sanibel Arms #C5 2/2 $435K, Blind Pass #E207 2/2.5 $466K, Loggerhead Cay #223 2/2 $575K, Sandalfoot #2C2 2/2 $640K, Loggerhead Cay #274 2/2 $658.5K, Mariner Pointe #112 2/2 $675 (our listing), Sandals #A 3/3.5 $1.825M.

Dockage at Mariner Pointe

HOMES

6 new listings: 4505 Bowen Bayou Rd 3/3 $729K, 2098 Wild Lime Dr 3/2 $795K, 4619 Bowen Bayou Rd 3/2 $894K, 5186 Sea Bell Rd 3/3 $998K, 1275 Par View Dr 3/2 $1.399M, 1146 Golden Olive Ct 5/4 $3.299M.

6 price changes: 1717 Atlanta Plaza Dr 2/2 now $550K, 1695 Serenity Ln 3/2 now $649K, 3010 West Gulf Dr 3/2 now $1.345M, 930 Kings Crown Dr 3/2 now $1.55M, 742 Sand Dollar Dr 3/3 now $1.55M, 4014 West Gulf Dr 4/3 now $3.849M.

10 new sales: 1717 Atlanta Plaza Dr 2/2 listed at $550K, 1644 Bunting Ln 3/3 listed at $643K, 5859 Pine Tree Dr 2/2 listed at $749.9K, 1186 Sand Castle Rd 3/2 listed at $825K, 812 Sand Dollar Dr 3/3 listed at $1.249M, 1743 Jewel Box Dr 3/3.5 listed at $1.395M, 1044 Whisperwood Way 4/4.5 listed at $1.995M, 1245 Isabel Dr 3/4.5 listed at $2.149M, 880 Limpet Dr 4/3.5 listed at $2.5M, 1314 Seaspray Ln 5/5.5 listed at $6.995M.

11 closed sales: 1613 Sand Castle Rd 3/2 half-duplex $575K, 3085 Poinciana Cir 2/2 $599K, 9211 Dimmick Dr 3/2 $699K, 1985 Sanibel Bayou Rd 3/2 $790K, 1050 White Ibis Dr 4/3.5 $935K, 2313 Wulfert Rd 4/3 $1M, 6101 Starling Way 3/3.5 $1.05M, 1147 Buttonwood Ln 3/2 $1.165M, 4500 Waters Edge Ln 2/2 $1.175M, 1323 Seaspray Ln 4/4.5 $1.65M, 2964 Wulfert Rd 5/5.5 $2.65M.

LOTS

No new listings.

1 price change: 6141 Starling Way now $897K.

2 new sales: 971 Main St listed at $205K, 9042 Mockingbird Dr listed at $395K.

3 closed sales: 1820 Ardsley Way $170K, 1303 Par View Dr $300K, 3354 Barra Cir $350K.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Ventura Captiva #4A 3/3 listed at $1.1M, Lands End Village #1662 3/3 listed at $1.99M.

No closed sales.

HOMES

1 new listing: 41 Oster Ct 2/2.5 $1.125M.

No price changes, new sales, or closed sales.

LOTS

Nothing to report.

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

Until next Friday, Susan Andrews, aka SanibelSusan

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

Easter Weekend 2021 on Sunny Sanibel

Easter weekend 2021 has arrived with the islands bustling this week with many families on spring holiday. Wonderful bright sunny warm weather has kept the beaches, waterways, and bike paths busy. Late yesterday another cool front passed through SW FL which brought stiff breezes (kiteboarders are happy) and dropped temperatures into the 50’s last night. It still is expected to reach the mid-70’s degrees on Sanibel today, with more of the same weather (no rain) expected for the next seven days.

At my home this morning, in addition to many brilliant pink hibiscus, bougainvillea, and periwinkle blossoms, I noticed that my gardenia bushes are blooming earlier than usual. Spring definitely has sprung here!

At SanibelSusan Realty

Again, this week, we have been busy with condo buyers, offers, listing presentations, and more closing action items. Another listing sale was finalized too, while teammates Dave and Elise also got another big postcard mailing out yesterday. Those postcards continue to bring us productive inquiries.

Usually, Easter week on the islands is one of the busiest of the year. With inventory continuing to dwindle, it will be interesting to see how 2021 differs from the norm.

Just after high season, when rental rates drop, often is when prospective buyers return that want to buy an investment property. Properties in seasonal rental programs that were heavily rented in high season may have a break in bookings between winter visitor bookings and summer vacationers. Those prospective buyers hope more showing opportunities are available during that short window.

In years past, bargain hunters also would return “post season”. Those are hoping to grab a property that may have been listed a long time that a seller wants to be done with before hurricane season.

With the abrupt change in supply and demand over the last few months, it is important to advise owners and prospective sellers that though the “as is” sales contract is used most often on Sanibel, this year, it has resulted in many contract cancellations. We rarely saw those before 2021.

Unlike the standard Florida residential sales contract which has no “out” for a buyer (unless there is a specified contingency), the “as is” contract has an inspection/cancellation period. During that inspection/cancellation period, the buyer may walk away from the sale for any reason. They could just change their mind.

In a hot market like now, buyers are making “as is” offers, often without them or their agent having seen the property. If that buyer becomes the successful offeror and the property goes under contract, the buyer then may come and view the property, or have it inspected, or do their due diligence during the inspection period.

To be successful, in some instances, those offers need to be at least full price and with no contingencies – including a zero-days inspection/cancellation period (no inspection/cancellation period).

Some desirable properties have gone under contract within days or minutes of going on the market, and sometimes over asking price. Which also is why, it is important for buyers to work with Realtors® with strong connections. Sometimes we sleuth out a property that will meet a buyers requirements.

Some sellers have asked us how long this market will continue. I wish we knew that answer, but we can say that it likely will take years for inventory to meet today’s demand.  Based on Sanibel sales activity over the pandemic months, today with just 54 properties available (including homes, condos, & lots), there is less than a two-month supply.

Yesterday, teammates and I chatted about how the pandemic has affected sales. The island has welcomed many “new” visitors over the last few months. The City usually posts a warning when the number of vehicles coming across the causeway that day will likely result in heavy off-going afternoon and evening traffic. Many of these “new” visitors discover that they love Sanibel and its lifestyle. Some, who have explored buying in other Florida beach areas, are appreciative of what their dollar can buy here.

With more people being vaccinated, many wanting a vacation break, and others finally feeling more comfortable traveling, though not yet outside the U.S., it may stay busy right through the summer. We have a few listings that fit the profile of the typical spring buyers and we continue to welcome new listings.

Pandemic Update

All Florida Residents Eligible for Vaccine – The state has announced that on Monday, April 5, all Florida residents are eligible to receive any COVID-19 vaccine as prescribed by the FDA. The Pfizer vaccine is authorized for persons age 16 and up, while the Moderna and Johnson & Johnson vaccines are authorized for persons age 18 and up.

My experience getting my 2nd shot this week at the airport site managed by FL Dept of Health in the north parking lot across from the old terminal was different from my first experience. Still well staffed and efficient, it took a bit longer with many more people being processed. The Disney-like maze of lines waiting to get into the tent for shots was tedious for about 30 minutes, took about 45 minutes total.

SanibelSusan Teammate #3 is getting her first shot on Monday at the same location. Pre-register for an appointment on-line at www.MyVaccine.FL.gov or call 866-200-3468. The week of April 12, this facility is relocating indoors to the old Sears location at Edison Mall (air conditioned).

On The Islands – The Tuesday update from www.MySanibel.com: “The City declared State of Emergency, issued in response to COVID-19, has been extended by Mayor Holly D. Smith until April 6, 2021, unless further extended. Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven (7) days and thus must be updated weekly as long as emergency conditions are present.

“Additionally, the City of Sanibel face covering mandate is reaffirmed to be consistent with the Governor’s Order 20-244. The face covering mandate is reaffirmed and shall remain in force and effect throughout the duration of this 7-day state of local emergency. To avoid the spread of COVID-19, social distancing is encouraged, and group gatherings should be avoided.”

According to the FL Dept of Health website, as of March 31, of the 2,064,525 COVID-19 cases reported in Florida, 243 were on Sanibel, 11 on Captiva.

Membership Offerings at The Sanctuary

I received an e-mail update this week from Kathryn Riggio, Membership Coordinator at The Sanctuary Golf Club. She is great at keeping island Realtors® aware of what is happening at the club so that we may correctly advise prospective buyers of the features and membership availabilities there. She said that some club membership price changes will take effect on May 1 when their premier offering, Equity Membership (full golf) increases from $120K to $130K. This membership provides full privileges to activities and sports, dining, and club facilities. The Club offers introductory and temporary memberships too.

Although there currently is at least a 2-year wait list for Social memberships, on May 1, those increase from $30K to $50K. These memberships come with access to the Club social activities and fine dining, the Wellness complex (tennis, pickleball, pool, fitness center, bocce) and to golf including playing the course from May 1 through September 30 for greens and cart fees. Social members do not have voting or redemption rights or hold an equity position in the Club, but the social fee may be applied as a credit toward an Equity Membership fee should a member want to convert their membership.

In addition to the fees mentioned for joining, each membership has annual dues, an annual capitol fee, and an annual food/beverage minimum.

Happy Easter

Best spring wishes from The SanibelSusan Team!

Below is a report of the action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel & Captiva Islands Multiple Listing Service Activity March 26-April 2, 2021

Sanibel

CONDOS

4 new listings: Mariner Pointe #231 2/2 $699K, Pointe Santo #D24 2/2 $795K, Sunset South #4D 2/2 $1.05M, Shorewood #2D 3/2 $1.595M.

3 price changes: Sanibel Arms #H6 1/1 now $360K, Loggerhead Cay #351 2/2 now $629K, Island Beach Club #210A 2/2 $729K.

9 new sales: Sundial #D408 1/1 listed at $509.9K; Sanibel Arms West #J5 2/2 listed at $589K; Signal Inn #14 2/2 listed at $789K; Sundial #Q401 2/2 listed at $908K; Sanibel Surfside #123 2/2 listed at $935K; Loggerhead Cay #101 2/2 listed at $998,899; Gulfside Place #218 2/2 listed at $1.349M; Cyprina Beach #2 3/3 listed at $1.6M. Tigua Cay #489 3/3.5 listed at $2.325M.

7 closed sales: Casa Blanca #8 2/1 $340K, Sundial #F307 1/1 $460K, Pelicans Roost #106 2/2 $880K, Kings Crown #104 2/2 $990K (our listing), Gulfside Place #301 3/3 $2.125M, Seascape #106 3/3 $2.55M, Wedgewood #202 3/3.5 $2.595M.

Kings Crown beach path

HOMES

7 new listings: 2011 Mitzi Ln 2/1 $695K, 1186 Sand Castle Rd 3/2 $825K, 2755 Wulfert Rd 3/3.5 $1.098M, 1743 Jewel Box Dr 3/3.5 $1.395M, 2303 Troon Ct 3/4 $1.4959M, 1460 Middle Gulf Dr 4/4.5 $1.799M, 1020 Bayview Dr 5/5.5 $4.595M.

6 price changes: 557 N. Yachtsman Dr 4/3 now $1.129M, 3010 West Gulf Dr 3/2 now $1.349M, 4992 Joewood Dr 3/3.5 now $1.65M, 848 Birdie View Pt 4/3.5 now $1.999M, 5633 Baltusrol Ct 4/4.5 now $2.1M, 544 Lighthouse Way 4/5.5 now $4.25M.

6 new sales: 2441 Shop Rd 4/3.5 listed at $949K, 3570 Bunny Ln 3/3 listed at $869K, 694 Heather Ln 3/3.5 listed at $1.4M, 940 Whelk Dr 3/2 listed at $1.495M, 2311 Starfish Ln 4/4 listed at $1.995M, 750 Periwinkle Way 5/4 listed at $3.3M.

18 closed sales: 4115 Sanibel-Captiva Rd 3/1 $550K, 3040 West Gulf Dr 3/2 $650K, 1753 Bunting Ln 3/2 $720K, 566 Boulder Dr 3/2 $725K, 458 Casa Ybel Rd 3/2.5 $740K, 649 Sea Oats Dr 3/2 $745K, 888 Rabbit Rd 3/2 $749.9K, 1430 Sanderling Cir 4/3.5 $770K, 640 Periwinkle Way 3/2 $825K, 1683 Bunting Ln 3/3 $890K, 1312 Sand Castle Rd 3/2 $950K, 1158 Harbor Cottage Ct 3/2.5 half-duplex $1.095M, 1259 Par View Dr 3/4 $1.125M, 1366 Tahiti Dr 3/2.5 $1.4M, 5439 Osprey Ct 4/3 $1.6M, 784 Birdie View Pt 4/4 $1.795M, 1206 Bay Dr 4/5.5 $2.75M, 4323 West Gulf Dr 6/6 $6.565M.

LOTS

No new listings or price changes.

1 new sale: 6428 Pine Ave listed at $305K.

3 closed sales: 575 Sea Oats Dr $380K, 5821 Pine Tree Dr $430K, 0 Island Inn Rd $500K.

Captiva

CONDOS

1 new listing: Ventura Captiva #4A 3/3 $1.1M.

No price changes.

3 new sales: Tennis Villas #3217 1/1 listed at $362.5K, Bayside Villas #5318 3/3 listed at $789.9K, Gulf Beach Villas #2024 3/3 listed at $1.075M.

1 closed sale: Captiva Cove #2A 3/2 $1.295M.

HOMES

No new listings or price changes.

1 new sale: 14980 Binder Dr 4/4 listed at $2.55M.

3 closed sales: 11505 Gore Ln 5/5 $1.6M, 15361 Captiva Dr 5/4.5 $2.65M, 16394 Captiva Dr 5/4 $6.2M.

LOTS

Nothing to report.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan