Florida REALTORS & Sanibel/Captiva Scoop


Today, SanibelSusan is in Orlando finishing up at the Florida Realtors® Mid-Winter Business Meetings. Here’s hoping this week’s blog doesn’t look too different – I am producing it using my iPhone and iPad. Gotta love this on-the-road technology!

The Sanibel & Captiva Islands Association’s leadership team was excited Wednesday night to make a clean sweep of the Florida PAC awards for a small board. Below is our 2018 President Dustyn Corace with the first of the trophies. Congratulation to our 2017 RPAC Committee co-chairs Realtor Tina DiCharia and Dave Arter (at left of Dustyn in photo) for leading the charge, and to our entire island membership for their participation and support! Also shown, in addition to the old gray-haired gal next to Dustyn, are our President-Elect soon-to-be-Mom Kasey Albright and her tall husband Realtor Brendan Albright, plus our Association Executive and CEO Bill Robinson.

D70948CC-3A31-45CB-916C-8C966A337407

My teammates have kept the office running smoothly the couple of days I have been here. Tuesday morning, I attended a preliminary closing just before heading out of town, while teammate Dave handled two others later in the week. The details on those, plus teammate Elise’s report of the week’s action in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

East Rocks Main Replacement

Island Water logoHere’s some scoop about The Rocks from the Winter “IWA Pipeline”.

“The East Rocks water main replacement, a portion of which was planned for completion in 2017, will now be started and completed beginning in the Spring of 2018. Since a majority of the country’s raw material for manufacturing PVC and HDPE pipe originates in the Texas area, Hurricane Harvey put a serious dent in the supply and price of this commodity. The portion of East Rocks Drive that was planned for 2017 was put off until 2018 when it will be completed along with the rest of the project.

“East Rocks had some streets partially upgraded years ago when fire hydrants were installed. This current project will remove all of the remaining thin-walled pipe and add a fire hydrant on Durion Court. As with the Brine Sump Replacement Project, this project will be paid for out of our reserves, with no assessments to members. This project has a budget of $280K.”

Home Water Treatment Systems

island waterMore about Sanibel’s water from the same “IWA Pipeline”.

“It has recently come to our attention that plumbing companies are attempting to sell our members expensive whole-home water treatment/softener systems. There is simply no need to install such a system to treat our water. The mineral content of our water is very low. In fact, after running through the Reverse Osmosis membranes, there are no minerals in the water. We have to add minerals in the form of a small amount of raw water back into our water to bring the total hardness up to between 30 to 60, depending on which wells we use. The state considers a total hardness of between 80-120 to be optimal. Anything below 100 is considered soft. Do not let a water treatment sales person try to tell you our water is hard.

“If the issue is chlorine residual, which is required by law, buy yourself a charcoal filter for the kitchen faucet or refrigerator water line for drinking water and ice. If you buy a whole-house charcoal filter, you will be removing the disinfectant from your house plumbing, which could lead to bacterial growth in your piping.

“If you would like your water tested, bring in a sample in a clean plastic or glass bottle, and we can test for chlorine residual and hardness. It should be at least a pint, at room temperature, and brought here as soon as possible. Chlorine degrades over time.”

Sanibel Library Update

sanibel-library-logoThe latest issue of the Sanibel Library newsletter had some interesting info too:

“Sanibel Public Library was recognized with a 2017 “Four Star” rating by “Library Journal”, the fourth time Sanibel has earned this national award. In statewide rankings of Florida public libraries, Sanibel Public Library ranked:

#1 for Material Available Per Capita: 13.11 (statewide average 1.86) Books, Movies, Music, Magazines
#1 for Public Computers Available Per 1,000: 4.6 (statewide average 0.82)
#1 for public space (square feet)
#2 for Circulation Per Borrower: 21.65 (statewide average 11.04)
#2 for Program Attendance Per Capita: 7 (statewide average 0.23)
#3 for Library Visits Per Capita: 18.51 (statewide average 3.79).”

Wondering what’s happening at the Library now?

“The award-winning Sanibel Public Library is a community anchor that encourages discovery, enrichment, and lifelong learning. The Library began with volunteers in the 1960s and is currently in its fifth home, which opened in 1994. In 2004 the building was expanded to its current size. Both the appearance and the quality of the structure are outstanding, but the infrastructure – HVAC, fire suppression, plumbing, lighting, technology, and flooring – are being upgraded for greater efficiency and sustainable design.

“As we take care of the infrastructure, we looked at the current use of the building, and how that use has changed over the past several years and how it will change in the future. Your Library Board of Commissioners is responding to these ever-changing needs while maintaining what is good about the last 50 years of library service on Sanibel, with a focus on fresh, new, dynamic services and programs.

“Reconfiguring the interior includes a user-centered service design with flexible, multi-purpose spaces for reading and research, collaboration, multiple technology access points, children’s story-time space, and more. The Sanibel Public Library will be positioned for the next decade of exemplary, innovative, and responsive library service.

“Your Library Reimagined has been in the planning since early 2015. The Library Board set a budget of $5.9 million, which is being covered by Library reserves, grants, and gifts. The project is currently in Phase I, half the Library is open to the public during the remodel. Phase I is nearing completion, and Phase II is expected to begin in February, with full completion expected by September 2018.”

2018 Florida Real Estate Trends

97C7F585-3EEB-4DE8-9BFE-5F821247F52BHere are a few notes from the session I attended yesterday at the Florida Realtors Governance Meetings. This one included presentations by:

● Dr. Tony Villamil, who was Governor Bush’s first Director for Tourism, Trade, and Economic Development. Previously, he was President George Bush’s U.S. Undersecretary of Commerce for Economic Affairs. Today, he is the founder and principal advisor at The Washington Economics Group, Inc.

● Kevin Foreman who leads INDRIX Big Data and GeoAnalytics. He is the General Manager of GeoAnalytics.

● Dr. Brad O’Connor, Florida REALTORS Chief Economist.

The following snippets are from Dr. Villamil’s presentation: “National & Florida Economic Outlook”. Next week’s update will include info from the other speakers’ presentations: “How Self-Driving Cars Will Impact Real Estate” and “Florida Residential Resale Market Update”. All were interesting, and confirm the real estate business continues to evolve – in a good way!

According to Dr. Villamil, the overall international business climate will not change significantly in 2018.

Positive factors in Florida’s economy include the state being pro-growth with increasing population and growing employment. Global economy is expanding at a moderate pace and the U.S. economy also will grow this year at a good clip.

His 2018 economic outlook has U.S. gross domestic product (GDP) up 3% and world output globally up 3.5%. Canada is doing well. The economy is expected to be up India (under new prime minister (democracy)) and China. Brazil is expected to be back in action too, but there is mixed outlook for Latin America.

In financial markets, inflation may be up 2%, but household net worths are doing very well, consumers will continue to buy, and real estate will remain in demand.

Much of Florida’s economy depends on open global markets. Watch for the modernization of NAFTA (North America Free Trade Agreement), and U.S./global markets going to “sunshine”.

Florida’s employment is growing faster than the rest of the nation. That should continue in 2018. Florida’s real GDP which is top among states also should continue to increase too and pass $1 trillion in 2018!

Dr. Villamil expects a positive environment for Florida’s 2018 real estate markets with the strong economic expansion to continue; population, employment, and visitor growth to be more than 2017; positive tax changes for Florida residents; and international visitors and foreign investment to increase.

Economic factors that need to be monitored include the Fed being less accommodating, inflation expectations, “hard” Brexit, the U.S. dollar exchange rate, trade/immigration policy, and 2018 national and state elections.

So overall, it should be another outstanding year for Florida business. Exciting changes are coming though. More info on that next week.

Sanibel & Captiva Multiple Listing Service Activity January 19-26, 2018

Sanibel
CONDOS
3 new listings: Donax Village #9 2/2 $499K, Pointe Santo #E35 2/2 $1.295M, Island Beach Club #340D 2/2 $1.379M.
8 price changes: Spanish Cay #A7 1/1 now $274K (our listing), Sand Pointe #122 2/2 now $649K (our listing), Nutmeg Village #201 2/2 now $999K, Gulfside Place #222 2/2 now $1.175M, Gulfside Place #123 2/2 now $1.198M, Gulfside Place #323 2/2 now $1.398M, Gulfside Place #124 2/2 now $1.225M, Poinciana #3C 3/2 now $1.725M.
5 new sales: Mariner Pointe #1073 2/2 listed at $499K, Sanibel Inn #3535 2/2 listed at $765K, Surfside 12 #A1 3/2 listed at $799K, Sundial West #E208 2/2 listed at $1.15M, By-The-Sea #C302 3/2 listed at $1.745M.
2 closed sales: Nutmeg Village #109 2/2 $665K, Bandy Beach #A101 3/2 $1M (our buyer).

HOMES
12 new listings: 1410 Sand Castle Rd 2/2 $639K, 5307 Ladyfinger Lake Rd 3/2.5 $645K, 1020 White Ibis Dr 3/2 $689K, 3837 Coquina Dr 2/2 $725K, 3825 Coquina Dr 3/3 $849K, 5410 Osprey Ct 3/2.5 $849K, 5739 Pine Tree Dr 3/3 $849K, 3050 West Gulf Dr 3/2.5 $979K, 542 N Yachtsman Dr 2/2 $989K, 824 Birdie View Pt 3/3 $1.198M, 3822 West Gulf Dr 3/2 $1.199M, 1316 Eagle Run Dr 4/3 $1.299M.
13 price changes: 1027 Sand Castle Rd 2/2 now $549K; 3784 Coquina Dr 3/3 now $599,995; 1478 Albatross Rd 3/2 now $639K; 998 Fish Crow Rd 3/2 now $644K; 1342 Junonia St 3/3 now $689K; 3323 Twin Lakes Ln 3/3 now $787K; 5280 Ladyfinger Lake Rd 3/2 now $849K; 4791 Rue Helene 3/2 now $849K; 707 Cardium St 3/2 now $879K; 478 Sea Oats Dr 3/3 now $1.195M; 805 Sand Dollar Dr 4/3 now $1.395M; 536 Lighthouse Way 4/4.5 now $3.195M; 3009 Turtle Gait Ln 4/4.5 now $3.299M.
5 new sales: 3021 Singing Wind Dr 3/2 listed at $499K, 1470 Angel Dr 3/2 listed at $920K, 789 Pyrula Ave 4/2.5 listed at $1.095M, 900 Almas Ct 3/3.5 listed at $1.199M, 4641 Rue Belle Mer 3/2.5 listed at $3.295M.
5 closed sales: 1817 Atlanta Plaza Dr 3/2 $385K, 545 Piedmont Rd 3/2 $585K, 241 Violet Dr 3/2.5 $685K, 1035 Kings Crown Dr 4/3 $1.71M, 1149 Paper Fig Ct 4/3 $2.179M.

LOTS
1 new listing: 1550 Centre St $225K.
No price changes.
1 new sale: Lot 27, Leisure Acres listed at $59K.
No closed sales.

Captiva
CONDOS
3 new listings: Sunset Beach Villas #2214 2/2 $620K; Captiva Shores #8B 3/2.5 $1.648M; Seabreeze #1253 3/3 $1,999,999.
1 price change: Marina Villas #610 2/2 now $699K.
1 new sale: Beach Cottages #1403 2/2 $1.195M.
1 closed sale: Captiva Shores #4B 3/2.5 $1.3745M.

HOMES
1 new listing: 16177/179 Captiva Dr 3/3 $3.75M.
2 price changes: 11535 Chapin Ln 4/3 now $1.395M, 16163 Captiva Dr 3/2 now $2.695M.
No new sales.
1 closed sale: 11526 Laika Ln 4/4 duplex $1.725M.

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 week! Enjoy your weekends wherever you are & please contact the SanibelSusan Team for your real estate needs. We are always ready to help you!

Susan Andrews, aka SanibelSusan

Bidding September Goodbye at SanbelSusan Realty


It’s SanibelSusan reporting another Friday of beautiful Sanibel Island weather. Today we continue to watch the track of Hurricane Matthew. It could miss much of Florida, but still bears a close eye.

This morning, there also was a news report that red tide which over the last few days has plagued Sarasota county beaches to the north, could be heading this way. There is a red tide watch through tomorrow for Lee and Collier counties. Fingers crossed that early Hurricane Matthew winds disburse it.

Teammate Lisa received the below “green flash” photos from a reader who noticed the one mentioned last week. She said she also saw one on her last island visit. (Thanks for sharing, Cheri.)

green-flash

On the “Upcoming Events” tab above, I have been adding fall/winter happenings as they are scheduled and announced. “Season” is filling up nicely with plenty of things to do.

Record Turtle Nesting Season

sea-turtle-nest

Those here this summer likely noticed the large number of sea turtle nests. As reported on-line at the “Santiva-Chronicle”, as of Monday, “SCCF (Sanibel-Captiva Conservation Foundation) reports that 23,017 sea turtle hatchlings have emerged. With almost 100 nests left on the beach, this season could beat last season’s 26,727 hatchlings. A normally-developed nest yields about 100 hatchlings to offset a survival rate of about 1 in 1,000 once the turtles are in the water.

“Last year was a record-setting year here for nests with more than 600. This year has obliterated that mark with a new record total of 826 nests, two of which are endangered green sea turtle nests.

“SCCF turtle volunteers comb the beaches each morning during the nesting season to chart the nests, stake them off and protect them from coyotes and other predators. The volunteers have been busier this season than ever before in all three of SCCF’s designated turtle nesting zones. All three zones have set nesting records. The volunteers also log false crawls, where a female turtle comes ashore but for one reason or another doesn’t lay eggs. The previous record for false crawls has also fallen with 1,447 false crawls found this season….

“The nesting season took a hit recently with the passage of Hurricane Hermine. Hermine a tropical depression when it skirted past the barrier islands on Aug 30 hundreds of miles out to sea. It created a storm surge that SCCF said washed out 57 nests on Sanibel and 24 on Captiva, a total loss of just under 10%….”

New Places/Things & Re-Openings

DunesEntrySignDunes Speed Humps – To reinforce the 20-mph speed limit to travelers taking this alternate route during high season, four humps have been installed on Sand Castle Road in The Dunes subdivision.

Two are on the north side of the circle and two on the south side. Speeders beware!

Noah’s Ark – Reopens Tues, Oct 4.

Sanibel Farmers MktSanibel Farmers Market – The locals are ready and this is an indication that “season” is coming. Sanibel Farmers Market opens Sunday and will be open every Sunday through Apr 30 – from 8 a.m. until 1 p.m. on the grounds of City Hall. The only exception is Christmas Day, when it instead will be open the next day, on Monday.

Restaurant Reopenings:

  • Bleu Rendezvous French Bistro – Reopens Thurs, Oct 6.
  • Blue Coyote – Reopens Tues, Oct 4.
  • Sweet Melissa’s Café – Bar renovation is almost complete. They reopen Tues, Oct 4.
  • Trader’s Gulf Coast Grill & Gifts – Has their sold-out Shell Museum fundraiser on Mon, Oct 3. Reopens the next day for lunch and dinner.

Coming Soon:

  • Totally Baked – in the Island Center, 2407 Periwinkle Way (former location of McIntosh Books) where construction began this week, is expected to open in early Nov. This week, Sanibel Planning Commission approved a variance and development permit that will allow them to have 16 outdoor seats.
  • Pasture & Pearl – The “Island Sun” posted that this new restaurant will open in early 2017 in The Village Shops as a “refined and modern dining experience…a more relaxed interpretation of the “fine dining” concept….”

 

Florida Ranks 4th as Business-Friendly State

Florida Realtors logoAs posted yesterday by FloridaRealtors® on line:

“The nonpartisan Tax Foundation released its 13th annual State Business Tax Climate Index, which measures how well-structured each state’s tax code is by analyzing more than 100 variables in five tax categories: corporate, individual income, sales, property and unemployment insurance.

“Wyoming once again took first place with the most competitive tax code in the country, while New Jersey maintained its long-standing position at the bottom of the pack.

“Overall, Florida ranked fourth. Only three other states were deemed to have a more business-friendly tax code. This year’s most competitive states include:

  1. Wyoming 2. South Dakota 3. Alaska 4. Florida 5. Nevada 6. Montana 7. New Hampshire 8. Indiana 9. Utah 10. Oregon

“This year’s least competitive states include:

  1. Louisiana 42. Maryland 43. Connecticut 44. Rhode Island 45. Ohio 46. Minnesota 47. Vermont and D.C. 48. California 49. New York 50. New Jersey

“States are penalized for overly complex, burdensome and economically harmful tax codes, and rewarded for transparent and neutral tax codes that do not distort business decisions. A state’s ranking can rise or fall in rank because of its own actions or actions taken by other states….”

The full report is available online

A Lesson for Sellers on Disclosures

realtor logoThe below article posted on RealtorMag® “Daily Real Estate News” on Sep 21:

“Sellers may feel hesitant to reveal any minor problems with their home; afraid they’ll scare off buyers. But here’s a warning for your sellers: They may land in legal trouble if they fail to disclose.

““Most sellers think it is in their best interest to disclose as little as possible,” Rick Davis, a real estate attorney in Kansas, told realtor.com®. “I completely disagree with this sentiment. In the vast majority of cases, disclosing the additional information (especially if it is something that was previously repaired), will not cause a buyer to back out or ask for a price reduction.”

“Disclosure laws vary from state to state, and sometimes even on a local level. (Florida is a full disclosure state.)

““In general, sellers should disclose any known facts about the physical condition of the property, existence of dangerous materials or conditions, lawsuits or pending matters that may affect the value of the property, and any other factors that may influence a buyer’s decision,” according to a recent article at realtor.com®.

“This includes disclosing issues that have been previously repaired, Davis says. Also, disclose any inspection reports.

““It is much better to lose a buyer by clearly disclosing all known issues than it is to spend two years and tens of thousands of dollars in litigation,” says Adam Buck, a certified real estate specialist with the Frutkin Law Firm in Arizona.

“Rest assured, sellers won’t be put on the hook for failing to disclose issues that they didn’t know about.

They should be careful not to make any guesses when prompted, particularly when it comes to the measurements of the home — one common problem area for disclosures.

““Even if you’ve had an appraiser check out your home, you may have no idea how many square feet it truly is because, as it turns out, there’s no single agreed-upon way to measure a home,” the article states. “Three different appraisers can come up with three different measurements.” Don’t make a guess or buyers can come back and accuse you of misleading them.”

Sanibel & Captiva Islands Multiple Listing Service Activity September 23-30, 2016

Sanibel

CONDOS

3 new listings: Sanibel Surfside #225 2/2 $799K, Atrium #201 3/3 $1.595M, By-The-Sea #9 3/2 $1.749M.

2 price changes: Tennisplace #D22 1/1 now $245K, Tanglewood #1A 3/2 now $1.099M.

1 new sale: Tennisplace #D21 1/1 listed at $229K.

4 closed sales: Loggerhead Cay #462 2/2 $505K, Sanibel Moorings #1542 3/2 $750K, Sundial West #A205 2/2 $789.5K, Surfside 12 #B1 3/2 $862.25K.

HOMES

2 new listings: 2401 Shop Rd 2/1 $298K, 1525 San Carlos Bay Dr 3/2 $1.995M.

3 price changes: 9209 Kincaid Ct 3/2 now $489K, 1501 Sand Castle Rd 5/3.5 now $1.049M, 1842 Woodring Rd 3/3.5 now $2.295M.

4 new sales: 1364 Jamaica Dr 2/2 listed at $629.9K, 588 Hideaway Ct 3/2 listed at $699K, 3850 Coquina Dr 3/3 listed at $899K, 584 Kinzie Island Ct 3/4 listed at $1.795M.

1 closed sale: 774 Sand Dollar Dr 3/2 $1.225M.

LOTS

1 new listing: 2401 Blue Crab Ct $879K.

No price changes, new, or closed sales.

Captiva 

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Beach Villas #2416 1/1 $507K.

HOMES

No new listings.

1 price change: 16464 Captiva Dr 8/8.5 now $6.295M.

No new sales.

1 closed sale: 11523 Wightman Ln 4/4 $1.82M.

LOTS

Nothing to report.

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

So as September comes to an end, the wonderful popcorn-like clouds won’t be seen as often. They seemingly jump from the sky & create the best sunsets! Here are a couple from this week!

2016-09-28

2016-09-27

Enjoy your weekend, Susan Andrews, aka SanibelSusan