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”.

Just Another Gorgeous Friday on Sunny Sanibel

It is SanibelSusan with another Friday Sanibel and Captiva Islands real estate report. If you are wondering if the weather here is fantastic, if the islands are packed, and if the market still is hot, all are true again this week. The most challenging three weeks year-to-date traffic-wise likely will be those ahead as it seems the entire world wants to be visiting SW Florida this spring.

Last night, what forecasters call another “cold” front arrived. That means daytime temperatures will remain in the 70’s for over the weekend. Those from north of Florida, probably still get a chuckle about these tropical “cold fronts.” Below is a photo taken this afternoon from Woodring Rd, bayside where the breeze is evident and the water looking beautiful. (The full video is on my Facebook page.)

Best Beach Town is “Sanibel Island”

If you follow “Southern Living” magazine, you will see that their April 2021 issue features an island photo on the cover.

That is because their inside article says “Sanibel Island” is the best beach town!

Grab a copy to read about the South’s best beach towns, barbeque joints, bakeries, cities, parks, and other hidden gems.

Sanibel & Captiva Real Estate Scoop

Meanwhile, low interest rates are keeping bankers slammed, while title companies are swamped with closings, and prospective buyers continue to think we are nuts when we tell them that inventory is low – or that there is nothing in their price range that meets their requirements.

Looking at island inventory in general terms, there now are just 159 residential properties for sale on Sanibel and Captiva. That includes homes, condos, and lots. If you think that sounds like a lot, compare it to the 186 that are under contract awaiting closing, and the 185 that have already sold and closed this year. Those total 371 sales in less than three months. For the entire year, 583 Sanibel/Captiva properties sold last year, while in 2019, 400 sold.

It certainly does not take a crystal ball to figure out that by the end of this month or first quarter 2021, as many island properties will have sold as in all of 2019. Betcha there will be more records set before the year is out.

The two news articles below provide an economic and political spin on things. After those is the action posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday, followed by our “Island Sun” ad from today’s paper today. Happy spring!

The Brighter Path Ahead

Nice outlook posted in the March-April 2021 “Realtor®” magazine by NAR Chief Economist, Lawrence Yun:

“More inventory and better access to vaccines are welcome news.

“The 2020 pandemic-induced recession was unique in terms of the sudden and massive slashing of jobs. It was also the first recession during which overall income grew. No doubt there are families struggling paycheck to paycheck, but due to the massive stimulus packages – including the initial deposit of $1,200 and enhanced unemployment benefits – the financial condition of many families was better in a recession than before the pandemic.

“Total income for the country in late 2020 was 4% higher than a year earlier. This was the figure reported just before the second stimulus checks of $600 per person went out in late December. It also does not include wealth accumulation from the record-high stock market or rising home prices. Also not reflected in the totals are the proceeds from mortgage refinances last year or the relief expected from a new stimulus. Still consumers remain cautious, as spending opportunities have been restricted by COVID-19. For the year, consumer spending fell by 2%. And the savings rate consequently rose to twice the pre-pandemic levels.

“The situation translates into the potential for a great unleashing of spending in 2021. The positive impact will be increasingly felt as jobs come around. The full effect will be evident once herd immunity is established with the vaccine, likely in autumn. That is to say, 2021 is a growth year that will take us out of the recession.

“The housing market continues to shine brightly. The main frustration is for buyers who find themselves outbid during multiple offer situations. More inventory is needed to give buyers more options and lessen the heat.

“It’s encouraging to see that builders are ramping up production of homes with backyards, which are now at their highest level in 13 years. Activity has been particularly robust in Southern states where land is more plentiful and building regulations are less onerous.

“Moreover, with the wider availability of COVID-19 vaccines, homeowners, especially older Americans who have been more hesitant about strangers visiting their homes, now may be more ready to list. Many seniors own their homes outright and have sizable housing equity for the next home purchase. They may even need to buy a larger place to accommodate more family visitors. After all, in the new economy, remote-work flexibility may mean more days working from grandma’s house.”

Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market

On the other hand, the below article by Michele Lerner and published on “Mansion Global”, was linked to the February 2021 issue of the RSPS (Resort & Second-Home Property Specialist) newsletter. It was prefaced with:

“Everything from capital gains tax policy to a more stable political environment will affect how affluent buyers view their wealth and appetite for home purchases.

“There’s a new political party in charge in Washington, D.C., one that hopes to make some big changes in the U.S. economy, including tax reform. While the initial priorities of the Biden administration and Congress focus on mitigating the devastating impact of the pandemic, the new political dynamic could eventually create a shift in the luxury housing market.

““The luxury market has done very well in recent years thanks to low mortgage rates and to the performance of the stock market, which is influenced by politics,” said Danielle Hale, chief economist for realtor.com in Washington, D.C.

““Political actions have both a direct and an indirect impact on the housing market. “We’ve never been at a time when the political landscape has continued to seem so uncertain,” said Frederick Peters, CEO of Warburg Realty in New York City. “Politics has an effect on the stock market, which in turn has an effect on the luxury real estate market.”

“While most of the Biden administration’s initial housing policies focus on the affordable housing crisis, Marco Rufo, a partner with The Agency real estate brokerage in Los Angeles, said that the possible extension of the federal eviction moratorium beyond the current date of March 31 could have implications for the higher end of the housing market in the future. “Most of our buyers are extremely wealthy and many of them own lots of property that they rent to tenants,” Mr. Rufo said. “If policies are put in place that reduce their ability to collect rent on multiple properties, that could have a negative impact on their net worth and willingness to upgrade into more expensive properties.”

“Another political issue that’s already had a major effect on luxury housing markets is tax reform. The Tax Cuts and Jobs Act that went into effect in 2018 has several provisions, such as lower tax rates, a higher lifetime estate and gift tax limit, and a higher standard deduction that are set to expire at the end of 2025. Democrats are anticipated to address those expiring provisions and other tax issues eventually.

““Most of the tax reform ideas impact people with incomes above $400,000 and capital gains of more than $1 million, the demographic that matches our homebuyers,” Mr. Rufo said. “If everything was enacted, it probably wouldn’t mean that people won’t buy homes, but it could mean that they pause a little to consider their options.”

“Some potential tax reforms include:

Lifting SALT deduction limitations. The 2018 limitation on the deductibility of state and local taxes (SALT) to $10,000 was significant in markets like New York and California, said Mr. Peters, who anticipates a positive impact on those tax-heavy locales if that limit is lifted by Democratic tax reform efforts. “It’s not just a matter of money and getting a larger tax deduction, it’s also the perception,” he said. “It would make people feel less anxious about buying in states with higher taxes.” In the Washington, D.C. area, where the luxury market mostly centers on homes priced between $1.5 million and $2.5 million, the SALT deductibility cap slowed the pace of sales, reduced luxury listings and reduced home buyers’ budgets, said Jeff Detwiler, president and CEO of Long & Foster Real Estate in D.C. “We saw $2 million homes sit on the market for a year or longer,” he said. “Now we have only a two-month supply of luxury homes because of migration trends and a frothy market in 2020. If the SALT cap is lifted, we’d see even more demand because those deductions directly impact the finances of our buyers.” Migration trends after the SALT cap meant that more people left high-tax states to move to lower tax states like Florida and Texas. “If your SALT deductions aren’t limited, then you can be agnostic over where you live,” said Melissa Cohn, executive mortgage banker with William Raveis Mortgage in New York City.

Higher income tax rates. Increasing income taxes always has a negative impact on the luxury market, Ms. Cohn said. However, she doesn’t expect tax rates to rise in the near future. “The pandemic changed everything, and the focus now is on rebuilding the economy. So even if the Democrats want to raise taxes eventually, now is not the time,” she said. An increase in tax rates for high earners probably won’t take buyers out of the market, said Mr. Detwiler, but it could reduce their price point by several hundred thousands dollars or more. “The good news about tax reform that would cause wealthier people to pay more is that it would be a federal issue that people can’t escape by moving to Florida,” Mr. Peters said.

Higher capital gains tax rate. While home sellers can exclude up to $250,000 in profit if they’re single and up to $500,000 if they’re married from a capital gains tax on their primary residence, an increase in the long-term capital gains tax rate could still hurt the luxury housing market. Currently, the highest capital gains tax rate is 20%. “If the capital gains tax rate is increased, that could have negative repercussions,” Ms. Cohn said. “People wouldn’t want to sell their homes, especially if they hoped the rates would roll back again in the future, and that would limit the supply of homes.” Mr. Detwiler said he thinks a higher capital gains rate could have a bigger impact on the second-home market. Currently, the long-term capital gains tax rate depends on your income and is either 0%, 15% or 20%. Single taxpayers who earn $441,450 or more and married taxpayers who earn $496,600 pay the top rate. “Sellers have to pay capital gains taxes on the profit of the sale of a home that’s not their primary residence,” Mr. Detwiler said, “In addition, if people have to pay more taxes on other gains, that shrinks their portfolio and changes how much they’ll want to pay for a house.”

Elimination of 1031 Exchange option. A 1031 Exchange allows investors to swap one property for another and postpone paying capital gains tax on the sale until you sell the next property. Without the 1031 Exchange, investors would have less money to put into their next deal, Ms. Cohn said. “Getting rid of the 1031 Exchange would have a direct impact in our area because we have a lot of luxury rentals at $40,000 to $50,000 a month in Los Angeles,” Mr. Rufo said. “Owners of these properties would pull back from buying and selling them if they had to pay capital gains on the transaction, and that would have a direct impact on property values.”

“Broader Impact of Politics on the Housing Market – Real estate market performance is tied to the fundamentals of supply and demand, which can also be influenced by political policies, realtor.com’s Ms. Hale said. (Mansion Global is owned by Dow Jones. Both Dow Jones and realtor.com are owned by News Corp.) “Demand is based on income and consumer confidence,” Ms. Hale said. “If wealthy households see their income go down due to a higher tax burden, it’s conceivable that their spending could decline and that would impact the housing market.”

However, a growing economy, especially one that drives stock gains, could mean after-tax incomes are higher for wealthy households, she said. “The way politics matters the most is how it makes people feel,” Mr. Peters said. “As real estate agents, we’re selling people a belief in their future. That’s a lot harder to do when people feel freaked out by the present. They’re less likely to take on large financial commitments when they’re concerned about the future.”

“Personally, Mr. Peters is optimistic about the impact of the new power configuration for his market in New York. “It’s not entirely irrelevant that the new Senate majority leader [Charles Schumer] is from New York,” he said.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 12-19, 2021

Sanibel

CONDOS

2 new listings: Sundial #F206 1/1 $479K, Pointe Santo #E24 3/2 $1.495M.

1 price change: White Sands #13 2/2 now $949K.

6 new sales: Sanibel Arms West #A1 2/2 listed at $534K, Heron at The Sanctuary I #1B 3/3.5 listed at $872.7K, Pointe Santo #E3 2/2 listed at $889K, Sanibel Arms West #D6 2/2 listed at $955K, Pointe Santo #E2 2/2 listed at $964K, Somerset #D102 3/2.5 listed at $1.849M.

6 closed sales: Sandpebble #2D 2/2 $534K, Sandpebble #2B 2/2 $535K, Heron at The Sanctuary II #2A 3/2.5 $830K, Sundial #A301 2/2 $1.1M, Sanddollar #C101 2/2 $1.117M, Island Beach Club #220D 2/2 $1.34M.

HOMES

4 new listings: 3009 Singing Wind Dr 2/1.5 $657K, 1117 Captains Walk St 2/2 $857K, 6412 Pine Ave 3/2.5 $1.589M, 3385 Twin Lakes Ln 5/5 $1.695M.

3 price changes: 5100 Sea Bell Rd 4/2.5 now $869K, 1747 Jewel Box Dr 3/2 now $999K, 742 Sand Dollar Dr 3/3 now $1.599M

12 new sales: 2015 Wild Lime Dr 3/3 listed at $570K, 1606 Bunting Ln 3/2 listed at $649K, 2985 Island Inn Rd 2/2 listed at $649.5K, 3781 Coquina Dr 3/2 listed at $789K, 1657 Sabal Sands Rd 3/2 listed at $797.5K, 5424 Shearwater Dr 3/2.5 listed at $999K, 1890 Middle Gulf Dr 3/3 listed at $1.15M, 2464 Blind Pass Ct 3/2 listed at $1.2M, 2843 Wulfert Rd 4/5 listed at $1.295M, 2479 Harbour Ln 4/3 listed at $1.695M, 2964 Wulfert Rd 5/5.5 listed at $2.998M, 1253 Anhinga Ln 4/4 listed at $3.795M.

4 closed sales: 430 Old Trail Rd 3/2.5 $550K, 610 Hideaway Ct 3/2.5 $690K (our buyer), 2391 Shop Rd 3/2.5 $1.61M, 5618 Baltusrol Ct 4/4/2 $2.195M.

610 Hideaway Ct

LOTS

No new listings or price changes.

2 new sales: 1292 Par View Dr listed at $349.9K, 9056 Mockingbird Dr listed at $380K.

4 closed sales: 9436 Beverly Ln $200K, 0 Bunting Ln $225K, 717 Birdie View Pt $370K, 1837 Buckthorn Ln $460K.

Captiva

CONDOS

No new listings.

1 price change: Beach Cottages #1423 2/2 now $1.195M.

No new or closed sales.

HOMES

1 new listing: 11514 Andy Rosse Ln 5/5 $2.349M.

No price changes.

2 new sales: 18 Urchin Ct 2/2 listed at $1.15M, 16813 Captiva Dr 3/3 listed at $2.25M.

2 closed sales: 11520 Wightman Ln 3/2 $2.225M, 16500 Captiva Dr 6/6/2 $6M.

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, have a great week! Susan Andrews, aka SanibelSusan

Being on Sanibel & Captiva Is Lucky Enough! Happy Almost St. Patrick’s Day!

 

It is another SanibelSusan report, with the days of “high season” flying by at what seems like record speed. Compared to last week, it was another one of terrific bright sunny weather, more traffic, busy bike paths, and lots of real estate activity. Next week is expected to be even busier with local schools out for spring break.

I got a call last night from an island owner begging for help in finding transportation next week. She said there is not a rental car to be had in all of Florida, no island golf carts or bikes available for rent, and airport shuttles full. Thought her only option was to change her flight to Atlanta, where there are vehicles available, and drive to Sanibel. Yikes, that is a long drive!

At SanibelSusan Realty

Here at the office, we got access Saturday to our new listing at Mariner Pointe which had teammate Lisa scurrying to get keys made so that the Realtors® with prospective buyers could get in over the weekend. That unit had a flurry of showings, multiple offers, and was under contract by noon Tuesday.

During the week as Dave, Elise, and I got action items accomplished with both listings and sales, Elise also got another 2,500-piece postcard mailing done. We hope those get our remaining listings sold and drum up some new ones.

Listings that are seasonal rentals, with heavy bookings, continue to get showing requests that cannot always be accommodated because of occupancy or Covid precautions. Midday Saturdays continues to be the best, sometimes only, time those have showing opportunities. Our report of the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a few news items.

First is a message that I borrowed from a Facebook posting Wednesday by Realtor® Mike McGraw who copied it from someone else. Mike is from the Orlando area and 2021 Vice President of Florida Realtors®. Though the message is a little blunt, it is interesting to read that real estate is “hot” in many areas. I have found the same to be true talking to clients and colleagues throughout the U.S. Except in major cities, the market is on fire in more rural and vacation-type areas. In Florida, the market is “hot” everywhere.

Here’s the borrowed post: “If you are a buyer in this market and you aren’t willing to pay over asking price & eliminate contingencies, please do yourself and your Realtor a favor and sit on the sideline for now. There is a market for you, it’s just not this one. It’s one with higher interest rates — which helps curb the amount of buyer competition we have right now. It’s like the Olympics of the housing industry. If you aren’t willing to go for gold, there’s no reason to compete. I showed a million-dollar home in Frisco last week. There were 130 showings in the first day. IN ONE DAY! 130 buyers vying for the same home & only one buyer can win!”

To put Sanibel and Captiva into this perspective. below is an update of inventory today, compared to sales last year. I know you are probably sick of seeing these statistics, but they really are mind blowing. Teammate Dave is out showing this afternoon, we both will be out showing tomorrow, and our listings have showings scheduled. Wish us luck!

SANIBEL

CAPTIVA

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
For sale 58

10

826,294

1,841,750

47

16

2,474,021

4,008,374

33

3

914,546

5,131,666

Under contract 58

14

886,578

1,177,285

80

15

1,392,648

2,898,933

21

0

588,931

N/A

Closed year-to-date 55

13

773,643

875,538

69

11

1,337,138

3,434,263

19

0

647,473

N/A

Sold in 2020 192

47

733,876

821,713

288

27

951,487

2,923,148

23

4

606,233

2,537,500

Note: In the groupings above, the 1st line in each group provides Sanibel statistics, the 2nd line Captiva. This representation is based on data supplied by the Sanibel & Captiva Islands Multiple Listing Service 3/12/2021.

 Sanibel – COVID-19

The City declared State of Emergency, issued in response to COVID-19, has been extended by Mayor Mick Denham until March 16, 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 so long as the emergency conditions are present.

Additionally, the City of Sanibel face covering mandate remains in effect through the duration of this time. Social distancing is encouraged, and group gatherings are to be avoided.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through March 10 is 234 cases. That is five cases in seven days. PLEASE CONTINUE TO STAY VIGILANT.

Fannie, Freddie Tighten Rules for Condos in Vacation Locales

Dan Krispinsky with Lake Michigan Credit Union, who for years has been a local go-to lender for condotels, recently sent me the below “Wall Street Journal” article (January 9, 2021) which likely will affect those buyers needing financing. (FYI, a condotel is a condominium where units are individually owned but where there may be an on-site rental office where units are rented like a hotel. Several island non-residential complexes that allow short-term vacation rentals fall into that category.)

“Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some Realtors® and bankers say.

“Fannie Mae last month changed its rules to make it clearer that it won’t back certain loans in high-rent vacation areas, with Freddie Mac taking similar steps that go into effect next month….

“The updated rules, which went into effect Dec 7 for Fannie, are starting to generate pushback from Realtors® and bankers who say entire buildings could be ineligible for financing even if only some

units are rented out on short-term basis.

“They also fault the process Fannie uses to determine the eligibility of a building, saying it is opaque and can’t be disputed by a building’s owners or its home-owners association.

“”We’re concerned that access to credit could be limited for whole projects or condo buildings, which could affect not just second-home buyers but some primary homebuyers across the country,” said Ken Fears, a senior policy adviser at the National Association of Realtors®.

“Fannie says its revamped rules are meant to clarify longstanding policies, which revolve around the eligibility of the entire condo project, not particular units. The focus is also more on “condotel” buildings organized centrally through management, rental, and realty companies than on individuals who offer their units on Airbnb or other hosting services….

“When a project as a whole functions more like a vacation rental resort, the building is ineligible for Fannie financing, and mortgages secured by units in that project are also ineligible, the company says.

“Fannie Mae’s charter is for residential lending,” the company spokesman said. “We provided clarity to lenders regarding what are acceptable residential condominium projects and what meets Fannie Mae Residential lending standards and practices.”

“Bankers say the tighter requirements are beginning to limit the number of lenders for second-home condos, driving up interest rates on new loans and limiting the availability of 30-year mortgages on such units. Bankers fear Fannie and Freddie may no longer buy loans on certain condos or force lenders to buy back mortgages on ineligible buildings.

“”Until there is more clarity from agencies, all mortgage bankers are shutting off the valve on condo loans right now,” said Rob Henger, director of mortgage banking at FirstBank Mortgage, a Nashville, Tenn-based bank.

“Fannie and Freddie don’t make loans. Instead, they buy mortgages and package them into securities that are sold to investors. The companies’ promise to make investors whole in case of default keeps down that price of home loans and underpins the popular 30-year fixed-rate mortgage.

“Together, the companies backstop about half of the $11 trillion U.S. mortgage market. Condos make up between 7% and 10% of their business, according to the Federal Housing Finance Agency, the firms’ federal regulator. It was unclear how many condos are located in beach towns and other resort areas affected by the tightened rules….”

Sanibel & Captiva Islands Multiple Listing Service Activity March 5-12, 2021

Sanibel

CONDOS

4 new listings: Mariner Pointe #122 1/1 $485K, Blind Pass #G104 3/2 $699K, Compass Point #102 2/2 $1.375M, Somerset #D102 3/2.5 $1.849M.

1 price change: Pointe Santo #E26 2/2 now $1.269M.

8 new sales: Sanibel Moorings #1512 2/2 listed at $525K; Sanibel Arms West #J3 2/2 listed at $569K; Kimball Lodge #302 1/1 listed at $574K; Sanibel Moorings #842 2/2 listed at $619K; Mariner Pointe #112 2/2 listed at $699K (our listing, see slideshow below); Sanibel Surfside #234 2/2 listed at $819K; Tarpon Beach #206 2/2 listed at $998,899; Wedgewood #202 listed at $2.595M.

This slideshow requires JavaScript.

8 closed sales: Mariner Pointe #1043 2/2 $472.5K, Sundial #J102 1/1 $499K, Sanibel Arms West #A3 2/2 $520K, Pointe Santo #B5 2/2 $670K, Kings Crown #110 2/2 $765K, Pointe Santo #D35 2/2 $775K, Surfside 12 #A4 3/2 $830K, Pointe Santo #A31 2/2 $917K.

HOMES

5 new listings: 2015 Wild Lime Dr 3/3 $570K, 1717 Atlanta Plaza Dr 2/2 $599K, 3781 Coquina Dr 3/2 $789K, 2480 Library Way 3/2.5 $829K, 2311 Starfish Ln 4/4 $1.995M.

5 price changes: 1695 Serenity Ln 3/2 now $669K, 2464 Blind Pass Ct 3/2 now $1.2M, 837 Sand Dollar Dr 3/3.5 now $1.895M, 848 Birdie View Pt 4/3.5 now $2.095M, 950 Victoria way 4/4 now $2.25M.

4 new sales: 1612 Serenity Ln 3/2 listed at $674.5K; 1965 Roseate Ln 3/2 listed at $739,55; 1560 Royal Poinciana Dr 3/2 listed at $899K; 4701 Rue Belle Mer 4/5 listed at $3.395M.

6 closed sales: 984 Sand Castle Rd 3/3 half-duplex $505K; 6041 Sanibel-Captiva Rd 2/1 $750K; 9277 Belding Dr 3/3 $830K; 3019 Poinciana Cir 5/3.5 $1,180,718; 519 Kinzie Island Ct 4/3.5 $1.95M; 488 Lighthouse Way 4/4 $3.445M.

LOTS

4 new listings: 2348 Wulfert Rd $329K, 5687 Baltusrol Ct $399K, 809 Pyrula Ave $424.9K, 1321 Seaspray Ln $899K.

No price changes.

2 new sales: 247 & 255 Robinwood Cir listed at $279K, 6008 White Heron Ln listed at $819K.

3 closed sales: 2372 Wulfert Rd $130K, 2933 Wulfert Rd $335K, 1825 Long Point Ln $362.5K.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Gulf Beach Villas #2127 2/2 listed at $900K, Captiva Shores #1B 3/2.5 listed at $1.799M.

No closed sales.

HOMES

No new listings or price changes.

2 new sales: 15146 Wiles Dr 2/2 listed at $2.389M, 1105 Tallow Tree Ct 3/3 listed at $2.45M.

2 closed sales: 16163 Captiva Dr 3/2 $2,004,202; 16189 Captiva Dr 6/4 $3.3M.

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

 

Perfect Weather, While Island Real Estate is Hot

It is another happy Friday at SanibelSusan Realty. Island weather remains “winter fantastic” with this week and the forecast for the next 10 days expected to be much the same – nighttime lows in the 60’s, days in the high 70’s/low 80’s with plenty of sunshine and blue skies.

The Island Real Estate World

The real estate market remains hot and we are down to just two listings – both getting action. That activity plus the postings since last Friday in the Sanibel & Captiva Islands Multiple Listing Service follow a couple of news items below.

Though no Association of Realtors® Caravan Meeting this week, brisk sales continue. It certainly is unusual to report new sales of 15 condos, 14 homes, and five lots in just seven days.

Inventory is so low now that we are getting calls from colleagues asking about the likelihood of properties coming on the market, that are owned by clients who worked with us when they purchased. I wish we could say some of those were becoming available. It certainly is a great time to be a seller.

Here is the scoop with Sanibel inventory from the Sanibel & Captiva Islands Multiple Listing Service as of this afternoon (3:30 p.m. on Feb 26, 2021):

  • Homes: 53 for sale, 74 under contract, 57 sold/closed year-to-date.
  • Condos: 60 for sale, 63 under contract, 36 sold/closed year-to-date.
  • Lots: 27 for sale, 27 under contract, 15 sold/closed year-to-date.

Captiva also is hot:

  • Homes: 21 for sale, 15 under contract, 7 sold/closed year-to-date.
  • Condos: 13 for sale, 12 under contract, 10 sold/closed year-to-date.

 Sanibel – COVID-19

The City declared State of Emergency, issued in response to COVID-19, has been extended by Mayor Mick Denham until March 2, 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 so long as the emergency conditions are present.

Additionally, the City of Sanibel face covering mandate is reaffirmed to be consistent with the Governor’s Order 20-244 and shall remain in force and effect through the duration of the 7-day state of local emergency. Social distancing encouraged and group gatherings are to be avoided.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through February 24 is 228 cases. This is the number of cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. Though the number of island cases finally seems to be decreasing, PLEASE CONTINUE TO STAY VIGILANT.

Sanibel& Captiva Islands Multiple Listing Service Activity February 19-26, 2021

Sanibel

CONDOS

4 new listings: Sanibel Arms West #H4 2/2 $559K, Sand Pointe #216 2/2 $798,957, Pointe Santo #E3 2/2 $889K, Compass Point #151 3/3 $1.495M.

2 price changes: Sandalfoot #3B3 1/1 now $524K (our listing), Heron at The Sanctuary II #2A 3/2.5 now $849K.

View from Sandalfoot #3B3

13 new sales: Spanish Cay #F2 1/1 listed at $325K, Tennisplace #C26 2/1.5 listed at $355K, Sundial #H107 1/1 listed at $455K, Mariner Pointe #733 2/2 listed at $525K, Sandalfoot #3C1 2/2 listed at $639.9K, Loggerhead Cay #373 2/2 listed at $662.5K, Pointe Santo #B26 2/2 listed at $689K, Mariner Pointe #241 2/2.5 listed at $690K, Sunset South #10 2/2 listed at $710K, Pelicans Roost #106 2/2 listed at $929K, Pelicans Roost #102 2/2 listed at $930K, Beachcomber #D101 2/2 listed at $999.5K, Sandals #A 3/3.5 listed at $1.825M.

9 closed sales: Mariner Pointe #1019 2/2 $550K, Pointe Santo #B3 2/2 $650K, Loggerhead Cay #542 2/2 $675K, Sandpiper Beach #303 2/2 $800K, Cyprina Beach #7 2/2.5 $800K, Yacht Haven #4 3/2 $920K, Sundial #L205 3/2 $1.39M, Kings Crown #302 2/2 $1.4M, Sandpiper West #1 3/3 $2.05M.

HOMES

8 new listings: 1695 Serenity Ln 3/2 $699K, 1667 Sabal Sands Rd 3/3 $749.9K, 1983 My Tern Ct 3/2.5 $1.178M, 249 Violet Dr 4/2 $1.2M, 486 Surf Sound Ct 3/3.5 $1.2M, 1355 Eagle Run Dr 4/4.5 $1.975M, 848 Birdie View Pt 4/3.5 $2.195M, 544 Lighthouse Way 4/5.5 $4.495M.

5 price changes: 2441 Shop Rd 4/3.5 now $949K, 2355 Wulfert Rd 3/3.5 now $1.649M, 1323 Seaspray Ln 4/4.5 now $1.75M, 6418 Pine Ave 3/3 now $1.789M, 1761 Venus Dr 4/3.5 now $1.995M.

12 new sales: 976 Greenwood Ct 3/2.5 half-duplex listed at $515K, 5303 Umbrella Pool Rd 3/2.5 listed at $689.9K, 4397 Gulf Pines Dr 3/3 listed at $725K, 458 Casa Ybel Rd 3/2.5 listed at $749K, 445 Lake Murex 3/2 listed at $839K, 1045 Blue Heron Dr 2/2.5 listed at $889K, 1421 Sand Castle Rd 3/2 listed at $949K, 3960 W Gulf Dr 3/5 listed at $1.079M, 542 N. Yachtsman Dr 3/2 listed at $1.229M, 490 Sawgrass Pl 3/2.5 listed at $1.435M, 1480 Middle Gulf Dr 4/4/2 listed at $1.65M, 4664 Rue Belle Mer 5/5 listed at $1.896M.

12 closed sales: 315 E Gulf Dr 3/2 half-duplex $549K, 1653 Bunting Ln 3/2.5 $645K, 1012/1014 East Gulf Dr 4/2 duplex $699K, 9421 Moonlight Dr 3/2 $755K, 3751 Coquina Dr 3/2 $795K, 1752 Jewel Box 2/2 $815K, 2001/2003 Mitzi Ln 6/6 duplex $820K, 705 Oliva St 3/2 $875K, 1671 Hibiscus Dr 3/2 $889K, 9426 Sage Ct 3/3 $945K, 709 Pyrula Ave 3/3 $1.125M, 1238 Isabel Dr 4/4.5 $3.325M (our listing).

LOTS

No new listings.

2 price changes: 3013 Poinciana Cir now $259.9K, 2438 Wulfert Rd now $339K.

5 new sales: 1303 Par View Dr listed at $310K, 575 Sea Oats Dr listed at $385K, 717 Birdie View Pt listed at $399K, 539 Sea Oats Dr listed at $420K, 3324 Saint Kilda Rd listed at $449K.

7 closed sales: 2515 Wulfert Rd $220K, 6095 Dinkins Lake Rd $255.5K, 1340 Eagle Run Dr $295K, 602 Boulder Dr $405K, 217 Violet Dr $545K, 1159 Golden Olive Ct $1.5M, 1246 Seagrape Ln $2.575M.

Captiva

CONDOS

No new listings.

1 price change: Seabreeze #1251 3/3 now $2.15M.

2 new sales: Bayside Villas #4118 1/2 listed at $425K, Captiva Shores #7B 3/2.5 listed at $1.399M.

5 closed sales: Tennis Villas #3114 1/1 $325K, Bayside Villas #5244 1/2 $399K, Beach Villas #2112 1/1 $485K, Beach Villas #2314 2/2 $750K, Lands End Village #1615 2/2 $1.425M.

HOMES

No new listings.

1 price change: 15261 Captiva Dr 4/4.5 now $11.995M.

1 new sale: 11544 Wightman Ln 4/4.5 listed at $2.25M.

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.

Below is our ad from today’s “Island Sun”.  Enjoy your weekend, Susan Andrews, aka SanibelSusan

Spectacular Sanibel Sunsets This Week

This week has been a tad chilly, though mostly sunny, on Sanibel & Captiva. Great “open the sunroof” weather. There have been some terrific sunsets this week too, sunset last night was especially spectacular.

A weather warm-up is expected by Sunday with daytime temperatures forecast to be back in the 70’s next week.

After a short post-holiday lull, island traffic and business pick-up mid-January and boost again February 1, with February and March usually the months when the most sales occur here. After a couple of news items below is the activity posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel & Captiva Islands Association of Realtors®

Early Thursday morning was our Annual Installation and Awards event. No group meeting, no shared breakfast at The Sanctuary, but a fun Zoom event with a couple of videos presented that highlight 2020. It’s always fun to transfer the gavel to the incoming President in person, though not always fun to be oldest past-President (1999). The gavel-passing video used photos taken during our years as President. Passing of the Gavel Video

Congratulations to Kelly Huguenin for being selected for the “Community Service” award and Dave Arter for “Affiliate Business Partner”. They both rallied our members through 2020, even without in-person meetings. Wendy Kirschner was “Rookie of the Year” and 23 Realtors® earned Honor Society membership (my 28th year). 2020 Awards Video

Florida Realtors®

On Wednesday and Thursday, I attended more Florida Realtors® Mid-Winter Business Meetings via Zoom. At the Faculty and Curriculum Subcommittees (under the Professional Development Committee), it was reported that 58,182 Realtors® attended state-sponsored classes this year. That is almost double the number of attendees in 2019. It is excellent news to hear that over a quarter of Florida’s members made good use of COVID downtime. The GRI (Graduate Realtor Institute) series had 1,744 of those students which is a 110% jump over 2019.

Thursday, at The Resort & 2nd Home Specialist Think Tank, it was interesting to hear that though up and down, Florida’s vacation rental market survived the pandemic and has rebounded. That market is huge with over 15 million rentals a year.

A presentation by Denis Hanks, Executive Director of the Florida VRMA (Vacation Rental Managers Assoc) in an overview of 2020, said that vacation rentals had many challenges, as we all did, because of the pandemic.

When travel was suspended, hotels and timeshares open, but vacation rentals closed or limited to 30 days, vacation rental managers struggled to comply with 67 different regulations which were often vague and varied county-to-county.

Once those vacation rentals reopened, a huge increase in “drive” visitors (versus those flying) turned Florida’s panhandle into the hot market of 2020. Throughout the state, beach markets also have done well, though their business more up and down, and bookings sporadic. With lessons learned and the industry forced to become resilient, rental managers have had to adjust quickly to new cleaning protocols and adopt new guidelines including wait periods between stays, contactless check-ins, protection of staff and guests, COVID waivers, screening, cancellation policies, deposits/refunds, taxation, and chargebacks. The state VRMA also will soon be rolling out a program to train new employees and retrain those workers coming back into the industry.

Sanibel – COVID-19

On Tuesday, Sanibel Mayor Mick Denham extended the island declared state of emergency due to COVID-19 until January 26, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through January 20 is 188 cases. This is just the number cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings. Essentially no relief yet for the thousands of county residents over 65 looking to get vaccinated.

LCEC – 13 Years

For 13 years Lee County Electric Co-op has not had a rate increase. Best electric service provider, that SanibelSusan has experienced. I am always amazed, particularly during the summer rainy season, when electric outages happen, and they respond quickly.

When a property sells, The SanibelSusan Team recommends that sellers DO NOT CANCEL their electric service, but rather TRANSFER it. That way, there is no lapse in service and the buyer is not charged a connection fee. When your property is under contract and getting ready to close, please call LCEC, tell them the date of the scheduled closing, and ask them to transfer service then. They will not take a buyer’s contact info for billing until a seller calls first. With a transfer of service, LCEC takes a meter reading to document when your service responsibility completes and the buyers begins.

Sanibel Library Ranks High

According to the January 20 “Island Reporter”, the state library rankings are out, and the Sanibel Public Library ranks at or near the top in many areas, including materials borrowed, program attendance, and percentage of population with a library card. The 2020 ratings are based on FY 2018 Florida Library Statistics, which measures 82 libraries/library systems in the state. Sanibel was ranked number one per capita (per 1,000) for: circulation (number of books or items borrowed); availability of print, audio, video and other material to check out; local and state operating revenue; and square footage availability.

The library has been at or near the top ranking for about 15 years. It has also won national Star Library Awards (top 200 public libraries of 9,000 measured nationally) for five of the last 10 years. The library has been No. 1 on Trip Advisor for “Things to Do on Sanibel” many times and has won a TripAdvisor Certificate of Excellence every year since 2014, nearing Hall of Fame status on the site.

Sanibel & Captiva Islands Multiple Listing Service Activity January 15-22, 2021

Sanibel

CONDOS

5 new listings: Spanish Cay #F2 1/1 $325K; Sundial #F307 1/1 $479K; Sandalfoot #3C1 2/2 $649,950; Sandpiper Beach #303 2/2 $825K; Kings Crown #104 2/2 $999K (our listing).

Beach path at Kings Crown

4 price changes: Sanibel Inn #3512 2/2 now $725K, Pelicans Roost #203 2/2 now $895K, Pelicans Roost #102 2/2 now $930K, Sandals #A 3/3.5 now $1.825M.

9 new sales: Sundial #F108 1/1 listed at $435K, Blind Pass #E207 2/2.5 listed at $489K, Mariner Pointe #1091 3/2 listed at $559K, Sandpebble #2D 2/2 listed at $568.5K, Kings Crown #110 2/2 listed at $795K, Pointe Santo #D35 2/2 listed at $795K, Pointe Santo #E23 2/2 listed at $899K, Sanddollar #B104 2/2 listed at $998K, By-The-Sea #B301 2/2 listed at $1.595M.

3 closed sales: Seawind #A108 2/2.5 $502.5K, Loggerhead Cay #411 2/2 $580K, Oceans Reach #4D1 2/2 $840K.

HOMES

5 new listings: 1155 Sand Castle Rd 3/2 $919K, 567 N. Yachtsman Dr 3/3 $979K, 2313 Wulfert Rd 4/3 $1.099M, 3019 Poinciana Cir 5/3.5 $1.195M, 1133 Buttonwood Ln 3/2.5 $1.395M.

3 price changes: 418 Bella Vista Way 4/4 now $1.75M, 1306 Seaspray Ln 4/4 now $4.525M, 1349 Bay Dr 4/4 now $7.395M.

7 new sales: 1835 Ardsley Way 2/2 listed at $457K, 4661 Rue Bayou 2/2 listed at $679K, 1012/1014 4/2 duplex listed at $699K, 9277 Belding Dr 3/3 listed at $850K, 5757 Pine Tree Dr 3/2.5 listed at $1.05M, 829 Pyrula Ave 3/3 listed at $1.295M, 3009 Turtle Gait Ln 4/4.5 listed at $2.595M.

8 closed sales: 956 Dixie Beach Blvd 2/1 $430K, 555 Rabbit Rd 3/2 $585K, 6141 Henderson Rd 3/2 $645K, 966 Kings Crown Dr 3/2 $965K, 3827 Coquina Dr 3/2 $1.055M, 2268 Wulfert Rd 4/5.5 $2.1M, 2411 Blue Crab Ct 4/4.5 $2.35M, 4067 West Gulf Dr 4/4.5 $5.55M.

LOTS

1 new listing: 6141 Starling Way $875K.

1 price change: 2515 Wulfert Rd now $239.5K.

3 new sales: 2372 Wulfert Rd listed at $147.5K, 5398 Osprey Ct listed at $299K, 1825 Long Point Ln listed at $389K.

1 closed sale: 4566 Buck Key Rd $148K (our listing).

Captiva

CONDOS

No new listings.

1 price change: Lands End #1615 2/2 now $1.45M.

No new or closed sales.

HOMES

No new listings or price changes.

3 new sales: 16727 Captiva Dr 5/4 listed at $1,999,999; 15146 Wiles Dr 2/2 listed at $2.389M; 16163 Captiva Dr 3/2 listed at $2.395M.

1 closed sale: 53 Sandpiper Ct 2/2.5 $886.7K.

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

Ready to Set New Records in 2021

Welcome to the 2nd Friday Sanibel/Captiva real estate update in 2021. With the holidays over and a home inspection this afternoon, we are wrapping up another productive week at SanibelSusan Realty – two more sales, more listings shown, more action items accomplished for both listings and upcoming closings, and a closing late today. The last time we had seven sales on the books in just the first week of the year was back in 2004 which was our record year, so we are crossing our fingers to break that record in 2021.

Traffic lessened last weekend when many holiday visitors departed. Unfortunately, coronavirus numbers are up and expected to go higher. Below are a couple of news items, including COVID update, followed by the action since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.

Sanibel & Captiva Island Association of Realtors®

Though still not meeting in person, our local Association of Realtors® held a Zoom meeting Wednesday with required attendance by our Board of Directors and members serving as 2021 Ombudsmen or on Grievance and Professional Standards Committees. That annual training updates the leadership team on recent changes regarding ethics and arbitration issues. Thanks to Marcia Tabak, Deputy General Counsel at Florida Realtors®, for hosting.

Thursday morning was a Zoom Caravan meeting for our entire membership. No new listings were open for caravan viewing, but both Jim Hall (VIP Realty Group) and I announced new sales. No price reductions were announced. My announcement of our new listing at Sandalfoot #3B3, was the only new listing mentioned.

The next Caravan meeting will follow our Annual Installation of Officers and Awards Ceremony at 8 a.m. Jan 17, also on Zoom.

With most of the year-end closings now posted on the Sanibel & Captiva Islands Multiple Listing Service, below is an update of the statistics. Shown are the recent sales action, compared to 2019, and inventory today. To say, more listings are needed is an understatement. Many Realtors® have buyers awaiting the perfect property that meets their requirements.

 

SANIBEL

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
Available 86 820,012 63 2,036,258 45 816,216
Under Contract 27 709,322 53 1,346,665 17 783,177
Sold 2021 to-date 2 995,000 3 1,324,666 1 265,000
Sold 2020 192 733,876 288 951,487 23 606,233
Sold 2019 127 694,392 211 949,790 15 372,200

 

 

CAPTIVA

Condos Homes Lots
# Avg Price # Avg Price # Avg Price
Available 20 1,622,849 32 3,713,937 3 5,131,666
Under Contract 8 787,375 8 787,375 0 N/A
Sold 2021 to-date 1 2,700,000 2 2,762,500 O 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

Sanibel – COVID-19

On Tuesday, Sanibel Mayor Mick Denham extended the island declared state of emergency due to COVID-19 until January 12, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 through 9 a.m. January 7 is 157 cases. Twenty-one were reported just last week. This is just the number cases for zip code residents. It does not include Captiva and the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Vaccination Rollout Update from Florida Department of Health & Lee County Government

FYI, as posted yesterday on http://www.MySanibel.com:

“Fort Myers, FL, Jan. 7, 2021 – Tidal Basin, the state’s call-center vendor for COVID-19 vaccinations for seniors and front-line medical workers, earlier this week captured more than 10,000 phone calls in 11 minutes when its new reservation line opened. The Florida Department of Health-Lee (FDOH) and Lee County today have announced that next Tuesday and Wednesday’s allocation of vaccinations at the current site will be used for those additional callers, most of whom now have been pre-registered by the vendor.

“The phone line for reservations is currently closed and remains closed; residents are asked to not dial the call center. The state and county will announce when additional vaccine doses are available and the line reopens. Visit  www.leegov.com/vaccine

“Tidal Basin will begin placing calls to schedule the pre-registered slots beginning this afternoon through Monday. Not every pre-registered individual will receive a scheduling call today. Shots will be administered between 8 a.m. and 6 p.m. Tuesday and Wednesday, Jan. 12 and 13.

“DOH-Lee anticipates administering about 4,000 doses during those two days at the current site, which is east of Interstate 75 off Daniels Parkway. It’s the site of the old airport terminal parking lot off Paul J. Doherty Parkway. The site has proved a successful solution to vaccinating thousands of people 65 and older without an unnecessary wait. Traffic to and from the site is flowing; parking is ample; people with appointments are not experiencing delays. Public transportation is available to the site.

“By close of business today, more than 11,000 individuals will have been vaccinated at Lee County sites. This total does not include medical workers vaccinated at separate sites by the Florida Department of Health-Lee or vaccinations issued by other entities such as Lee Health.

“FDOH-Lee and the county soon will announce information about the second dose of the vaccine and how scheduling will be handled.

“The state and county have requested that Tidal Basin stand up a help line or call center for pre-registered people who have questions. Details will be announced when they become available at www.leegov.com/vaccine .

“As COVID-19 vaccine distribution continues, the Lee County Sheriff’s Office advises to be aware of emerging fraud schemes, such as:

  • Calls asking to pay out of pocket to get the vaccine.
  • Calls asking to pay to put your name on a vaccine waiting list or to get early access.
  • Advertisements for vaccines through social media platforms, email, telephone calls, online or from unsolicited/unknown sources.
  • Marketers offering to sell or ship doses of the vaccine for payment.
  • Requests from someone unknown to an individual asking for a social security number, bank account information or credit card information.

“Lee County residents who believe they have been the victim of COVID-19 fraud can report it to:

  • Lee County Sheriff’s Office fraud line – 258-3292
  • HHS-OIG Hotline: 1-800-HHS-TIPS or log on to hhs.gov
  • FBI Hotline: 1-800-CALL-FBI
  • CMS/Medicare Hotline: 1-800-MEDICARE

“Additional information: Complete information can be found at www.leegov.com/vaccine . People can visit Lee County Government Facebook and other social media channels (www.leegov.com/socialmedia ) or monitor Florida DOH’s Twitter @flhealthlee. The United Way 211 line for vaccine questions is staffed 24/7. Dial 211 or 239-433-3900. This is not a reservation or appointment phone line.”

2021 Resolution: Cut Risk – 15 Steps to Resolve Legal Issues

Posted on FloridaRealtors® this week, the below article is sourced to Gary M. Singer, “Sun Sentinel” (Fort Lauderdale, FL). Distributed by Tribune Content Agency, LLC. It has some excellent points.

“Many legal troubles start with phrases like “I didn’t realize that …” or “I didn’t read that part of the document.” To lower risk and avoid trouble, ask questions, read contracts, do research, take notes, record with cellphone photos and take an extra day to think about things.

“FORT LAUDERDALE, Fla. – As another year starts, it’s once again time to discuss some lessons we’ve learned in dealing with real estate law issues. Therefore, I present to you, in no particular order, some best practices you can use when dealing with any legal matter.

  • Do not sign anything you have not read and understood.
  • Do not be afraid to ask questions, and do not feel you must accept the answers at face value.
  • If you have any doubt as to what you are told, do more research.
  • There are very few things that cannot wait one day while you think about it.
  • Whenever a situation seems like it might become a problem, take lots of notes and cell phone photos.
  • If you come to a meaningful agreement on a telephone call, send an email to the person you spoke with to confirm the details.
  • While confrontation can be uncomfortable, the best and least expensive way of resolving a dispute is speaking calmly to the responsible party about the issue.
  • If the branches from your neighbor’s tree hang over your property line, you can safely trim them back, at your expense, as long as you do not damage the tree’s health.
  • Consult with an estate planning professional to get your will done.
  • If you are buying a property with someone you are not married to, it is good to get a joint property ownership agreement prepared.
  • If you rent a home, you should read the landlord-tenant statute; it is relatively easy to read and acts as an instruction manual.
  • When buying a property in a condominium or homeowners association, you need to understand the rules and live by them. If this idea does not work for you, find a different property.
  • Don’t underestimate the importance of insurance and the importance of shopping around for the best price.
  • Some have said that good fences make good neighbors, but I find it is more accurate to say that good people make good neighbors.
  • As hard as it can be to sift through the junk, it is essential to check your mail for important notices regularly.

“It has been a rough year. I hope these tips will help your new year be a better one.”

Wildlife Refuge Status Update

From today’s “Ding” on the Wing”: The J.N. “Ding” Darling National Wildlife Refuge has announced changes to scheduling due to the lingering effects of the pandemic. Until further notice, the Visitor & Education Center will be closed every Sunday.

Monday through Saturday 9 a.m. to 4 p.m., the front desk and Refuge Nature Store will be open in the Center. All exhibits remain closed. The Center’s restrooms will stay open daily 9 a.m. to 4 p.m., and Wildlife Drive will continue with its seasonal schedule of Saturday to Thursday 7 a.m. to 5:30 p.m.

recreation concession tours and rentals will operate according to their regular schedule.  Stay up-to-date on Refuge news and events at our COVID-19 page.

Sanibel & Captiva Islands Multiple Listing Service Activity January 1-8, 2021

Sanibel

CONDOS

4 new listings: Sanibel Moorings #242 1/1 $424.5K, Blind Pass #E207 2/2.5 $489K, Sanibel Arms West #F1 2/2 $949K, White Pelican #111 2/2 $1.2999M.

3 price changes: Blind Pass #E101 2/2 now $485K, Loggerhead Cay #274 2/2 now $669K, Sandpiper Beach #401 2/2 now $775K.

7 new sales: Sundial #I102 1/1 listed at $450K, Sanibel Arms West #H6 2/2 listed at $579K, Sanibel Moorings #441 2/2 listed at $585K, Loggerhead Cay #542 2/2 listed at $685K, Surfside 12 #A4 3/2 listed at $849K, Yacht Haven #4 3/2 listed at $895K, Sundial #L205 3/2 listed at $1.395M.

6 closed sales: Tennisplace #B24 2/2 $350K, Spanish Cay #F4 2/2 $390K, Blind Pass #G201 2/2 $520K, Sanibel Arms West #K7 2/2 $550K, Sanibel Moorings #932 2/2 $562K, Somerset #A101 3/2.5 $1.6M.

HOMES

3 new listings: 2620 West Gulf Dr 3/2 $799K, 1890 Middle Gulf Dr 3/3 $1.2M, 1283 Isabel Dr 3/2 $1.925M.

4 price changes: 9254 Kincaid Ct 2/2 now $493K, 1560 Royal Poinciana Cir 3/2 now $899K, 837 Sand Dollar Dr 3/3.5 now $1.995M, 1761 Venus Dr 4/3.5 now $2.095M.

11 new sales: 1684 Bunting Ln 2/2 listed at $514,555; 315 East Gulf Dr 3/2 half-duplex listed at $559K; 430 Old Trail Rd 3/2.5 listed at $629K; 610 Hideaway Ct 3/2 listed at $699K (our buyer); 566 Boulder Dr 3/2 listed at $739K; 1076 Sand Castle Rd 2/2 listed at $750K; 2010 Wild Lime Dr 4/4 listed at $759K; 2001/2003 Mitzi Ln 6/6 duplex listed at $859K; 1672 Hibiscus Dr 3/2 listed at $899K; 215 Hurricane Ln 3/3 listed at $1.089M; 815 Birdie View Pt 3/3 listed at $1.395M.

5 closed sales: 1667 Atlanta Plaza Dr 2/1.5 $413K, 718 Durion Ct 3/2 $550K, 705 Rabbit Rd 3/3 $699K, 215 Hurricane Ln 3/3 $1.029M, 1718 Jewel Box Dr 4/4.5 $2.725M.

LOTS

1 new listing: 717 Birdie View Pt $399K.

1 price change: 1292 Par View Dr now $349.9K.

7 new sales: 1894 Farm Trl listed at $199K (our listing & buyer), 9436 Beverly Ln listed at $235K, 3354 Barra Cir listed at $365K, 602 Boulder Dr listed at $399K, 836 Limpet Dr listed at $1.345M, 1159 Golden Olive Ct listed at $1.599M, 1246 Seagrape Ln listed at $2.789M.

1 closed sale: 5627 Baltusrol Ct $265K.

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Lands End Village #1628 4/4 $2.7M.

HOMES

No new listings or price changes.

1 new sale: 11431 Dickey Ln 3/2 listed at $1,168,500.

3 closed sales: 11523 Andy Rosse Ln 5/5.5 $1.975M, 11555 Wightman Ln 3/2 $3.55M, 15831 Captiva Dr 2/2.5 $5M.

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, stay safe,

Susan Andrews, aka SanibelSusan

Counting Down to Christmas on Sunny Sanibel

Ok, so it is sunny and bright but chilly and windy by island standards. Temperatures were only in the 50’s this morning and warmed up to 60 degrees F as I drove back to the office about 1:30 p.m. I took a little side trip up Dixie Beach Blvd to see how the water looks on San Carlos Bay. There have been a few reports of red tide mostly off shore and south of the islands, but the Army Corps of Engineers has reduced its Lake O releases so I bet between that and the breezes, things change. Can you tell from my photo that it’s a tad cool?

The SanibelSusan Team is counting down to Christmas, which is one of the few days that our office is closed. You can bet, however, that there will still be a Friday blog next week. Probably like yours, our individual 2020 Christmases will be different than any other year. We send good wishes that yours are safe, healthy, and happy! Below are a few photos from evening island spins. The first one is the bike path across the street from our office, followed by The Sanibel Community Church, and The Captiva House.

After a couple of news items is the action posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday. We are happy that three of the week’s closings were our listings!

Sanibel & Captiva Islands Association of Realtors®

Yesterday was the December Membership Meeting of the local Association of Realtors®. Held via Zoom, there were just a few attendees. Speaker was Juana Watkins, Esq., Florida Realtors Vice President of Law & Policy, & General Counsel. One item she addressed also was the subject of a recent article (posted below) by Meredith Caruso who is Associate General Counsel for Florida Realtors®. You may have heard about letters like this.

Hot Topic at NAR Convention? Buyers’ ‘Love Letters’ – How can I get the seller to accept MY offer?”, buyers wonder in today’s heated, multiple-offer market. In some areas of the country, “love letters” – a note from buyer to seller praising the home – are common. But some of the letters may flirt with Fair Housing Act violations.

“ORLANDO, Fla. – The National Association of Realtors® (NAR) Conference and Expo was held virtually this year, with meetings and events running from Nov. 2 to 18 – and many of the sessions involved discussions about buyer “love letters.” For those who aren’t aware of what I am referring to, “love letters” are written statements that accompany a potential buyer’s offer. While these types of letters are not in and of themselves illegal, it’s important to note that if done without careful consideration, it could end up being a Fair Housing Act (FHA) violation.

“How is this a possibility? Let’s examine a couple of examples of “love letters” – one that could be problematic with one that likely isn’t.

“Example 1: A buyer drafts a love letter that includes how excited the buyer is to raise a family in the home. They can’t wait to see future children excitedly running down the stairs on Christmas morning. Sounds harmless enough, doesn’t it? However, this buyer’s letter touches on two protected classes under the FHA: familial status and religion. Should a seller take these factors into account in arriving at a determination to accept the buyer’s offer, it could be a fair housing violation.

“Example 2: A buyer drafts a love letter that discusses the buyer’s love of the homes’ architectural features and the buyer’s appreciation of the various details of the home’s construction. Here, as the buyer solely focused on the property’s characteristics, none of which fall under a protected class, it’s likely not a fair housing violation.

“As agents, it’s important to remind consumers about fair housing issues if you see a potential problem on the horizon. While no agent is expected to explain the legal nuances of the Fair Housing Act, it may be wise to suggest a buyer or seller consult their personal attorney if either of the respective parties veer into potential FHA violation territory.”

Sanibel – COVID-19

Special City Council Meeting Dec 15 – Because of the nationwide increase in coronavirus cases, a special meeting was called to discuss the island’s COVID-19 safety measures and restrictions. Agenda items included:

  • Center-4-Life & Senior Center – which will remain closed with reconsideration in May.
  • More signage about masks on Sanibel.
  • Possibility extending the hours and footprint of the Sanibel Farmer Market if their visitor traffic increases as “season” gets underway.
  • Confirmed that the Mayor may enact changes quickly if needed to guard the health and welfare of citizens.

Florida Department of Health – reports that Sanibel’s total number of COVID-19 cases from March 26 through December 17 is 121. THAT INCLUDES 5 CASES REPORTED IN JUST ONE DAY THIS WEEK!  Last week, there were 17. Never had there been a week with a number in the double-digits. The number of Sanibel cases in December through 17th is 32, for November = 27. That means nearly half of the cases during the nine months of tracking, have been in the last few weeks. This is just the cases for residents in our zip code. It does not include the many workers and visitors that come and go. PLEASE stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

The Island Store Celebration

The Island Store at Captiva’s 4-way stop, on 11500 Andy Rosse Ln, recently celebrated its reopening with a ribbon-cutting. Purchased in 2018 by the Bailey family, owners of Bailey’s General Store on Sanibel, the store was completely renovated and restored. Built around 1915, the building became a grocery store in 1940 under the ownership of Jay Norwood “Ding” Darling. Remodeled to today’s safety and quality standards, the store retains historical charm while offering residents and visitors easy on-island shopping for groceries and spirits. Open daily from 9 a.m. to 7 p.m.

Stabilization Project Expanded for Causeway

As reported in today’s “Island Sun”: “A project planned to stabilize the shoreline along the Sanibel Causeway has been expanded to improve drainage, parking and amenities on both causeway islands. The Lee Board of County Commissioners recently voted to expand the project, accept a $4.25 million grant from the Florida Department of Transportation and allocated $2.4 million in tourism tax reserves for the project….” The project will “provide necessary erosion control structures and storm runoff by providing stabilization of the shoreline…will add beach sand, compacted shell and paved ADA parking spaces to Islands A and B and a picnic pavilion. Additional event parking areas and efforts to improve access to fishing on both sides of the islands are included.

“Construction is expected to begin with erosion control measures on Island B (closest to Sanibel) this summer, and all work will be completed by 2024. The total estimated cost to design, permit and construct the improvements and stabilize the shoreline is $8.5 million.”

Holiday Closings

At J.N. “Ding” Darling National Wildlife Refuge, The Visitor & Education Center and Refuge offices will be closed December 24, 25, and 31, and January 1. The Center’s restrooms will remain open during regular hours as will Wildlife Drive and its trails and Bailey Tract. Tarpon Bay Explorers also will remain open for normal operating hours except for Christmas, December 25, when it closes for the day.

Year-to-Date (through Dec 18) Sanibel Residential Real Estate Stats

Condos Homes Lots
# Avg $* # Avg $* # Avg $*
For sale 88 825,292 72 1,874,126 54 879,735
Under contract 36 689,325 52 1,280,244 10 367,301
Sold/closed 2020 172 745,024 273 953,709 23 606,233
Sold/closed 2019 127 694,392 211 949,790 15 372,200
Sold/closed 2018 155 720,617 218 1,112,747 21 602,095

* Avg $ is average asking price for properties “For sale” & “Under contract”. Otherwise, average sale price.

Sanibel & Captiva Islands Multiple Listing Service Activity December 11 – 18, 2020

Sanibel

CONDOS

4 new listings: Sandy Bend #6 2/2 $1,027,007; Pointe Santo #C25 3/2 $1.125M; Sundial #T204 3/2 $1.2M; Sundial #P402 2/2 $1.25M.

6 price changes: Casa Blanca #8 2/1 now $349K, Mariner Pointe #731 2/2 now $525K, Cottage Colony West #101 1/1 now $575K, Loggerhead Cay #542 2/2 now $685K, Sanibel Inn #3512 2/2 now $725.5K, Pelicans Roost #106 2/2 now $929K.

1 new sale: Spanish Cay #A4 2/2 listed at $430K.

10 closed sales: Sundial #D309 1/1 $430K, Loggerhead Cay #332 2/2 $529K, Compass Point #232 2/2 $550K (our listing), Sandalfoot #2D2 2/2 $620K (our listing), Loggerhead Cay #532 2/2 $650K, Sanctuary Golf Villages I #1-4 3/3 $725K, Sundial #O405 2/2 $1.15M, Villas of Sanibel #B202 3/3 $1.85M, Sanibel Sunset #201 3/2 $2.195M, Plantation Village #B222 3/3 $2.275M

HOMES

5 new listings: 430 Old Trail Rd 3/2.5 $629K, 2010 Wild Lime Dr 4/4 $759K, 3960 West Gulf Dr 3/2 $1.079M, 829 Pyrula Ave 3/3 $1.295M, 5391 Shearwater Dr 3/3.5 $1.795M.

7 price changes: 956 Dixie Beach Blvd 2/1 now $449K; 610 Hideaway Ct 3/2.5 now $699K; 4397 Gulf Pines Dr 3/3 now $725K; 3935 Coquina Dr 4/3 now $849,950; 966 Kings Crown Dr 3/2 now $980K; 1308 Eagle Run Dr 4/4 now $1.549M; 5439 Osprey Ct 4/3 now $1.669M.

4 new sales: 753 Nerita St 3/2 listed at $579K, 705 Oliva St 3/2 listed at $875K, 1039 Sand Castle Rd 3/3 listed at $999K, 6101 Starling Way 3/3.5 listed at $1,148,990.

7 closed sales: 1645 Sand Castle Rd 3/2.5 half-duplex $530K, 1142 Shell Basket Ln 3/2 $560K, 543 Boulder Dr 3/2 $784K, 250 Hurricane Ln 3/2.5 $875K, 1860 Ibis Ln 5/3 $905K, 1120 Olga Ave 3/2 $940K (our listing), 1717 Jewel Box Dr 3/3.5 $2.15M.

LOTS

No new listings or price changes.

1 new sale: 1313 Par View Dr listed at $300K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Tennis Villas #3125 1/1 listed at $349K, Marina Villas #703 2/2 listed at $759K.

3 closed sales: Gulf Beach Villas #2005 2/2 $755K, Beach Villas #2525 2/2 $760K, Ventura Beach #2B 3/3 $970K.

HOMES

No new listings.

2 price changes: 11431 Dickey Ln 3/2 now $1.1685M, 16189 Captiva Dr now $3.699M.

1 new sale: 956 South Seas Plantation Rd 6/6 listed at $4.995M.

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.

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

Until next Friday, happy almost-Christmas! Susan Andrews, aka SanibelSusan

A Different First Weekend In December on the Islands (2020)

As Periwinkle Way sparkles at night, it sure is evident that the island December mood is festive even if social gatherings are discouraged and events tempered. We will miss Sanibel’s traditional Luminary tonight and tomorrow on Captiva but appreciate the extra decorating effort that makes an evening drive through the islands so special. Instead of the usual nighttime Luminary events, there are additional offerings and sales at many retail shops all week, from today through December 11.

I again took a quick spin this afternoon down to the lighthouse where the decorations are up, though the sky a little dismal from the next cool front that is arriving this afternoon (my photo below). That’s the 2nd cool front this week. The locals are so excited to wear long sleeves again! (It’s 73 degrees F now, but expected not to get out of the 60’s next Tues/Wed/Thurs.)

Here at SanibelSusan Realty, our listings have had more showings, more action items were completed for upcoming closings, and the team is working on an island-wide holiday mailing. The week’s postings in the Sanibel & Captiva Islands Multiple Listing Service follow a couple of news items below.

Good News on the Waterfront

Hooray! Yesterday, the City issued a press release that says: “The U.S. Army Corps of Engineers (USACE) Jacksonville District will start reducing outflows from Lake Okeechobee to the estuaries, starting Saturday, December 5. USACE will reduce releases from Lake Okeechobee gradually to allow time for the ecosystems of the Caloosahatchee and St. Lucie rivers and estuaries to adjust.

“Beginning December 5, USACE will begin the transition to dry season operations on Lake Okeechobee by implementing a 7-day release with a reduced average target flow for the Caloosahatchee Estuary of 3,000 cubic feet per second (cfs) as measured at the Moore Haven Lock & Dam (S-77). At the same time, the Corps will implement a multi-week release pattern for the St. Lucie Estuary, starting with a 5-day pause to allow for recovery of estuary health, followed by a 7-day average release of 1,500 cfs as measured at St. Lucie Lock & Dam (S-80) near Stuart….”

Sanibel – City Council, Shell Harbor, & COVID-19

City Council – At Tuesday’s City Council meeting, former councilor Jerry Muench was selected to fill the 3-month interim seat vacated by former Mayor Kevin Ruane when he ran (successfully) for County Commissioner. This seat and two others will be filled officially during the upcoming March election.

Also, at this meeting, councilors selected their new Mayor and Vice Mayor. Congratulations go respectively to Mick Denham and Holly Smith. Following those installations, Mayor Denham extended the island declared state of emergency due to COVID-19. Now it goes until December 8, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

Shell Harbor – Posted on the City’s website today: “Beginning Monday December 7th, the City of Sanibel will commence dredging of the entrance channel to the Shell Harbor Subdivision. The channel will remain open for use during dredging; however, there may be short periods of time when boat traffic will need to be stopped. Boaters are advised to be alert and aware of the construction operations taking place.  Weather permitting, the project is expected to continue for approximately three weeks. Please PROCEED SLOWLY and CAUTIOUSLY through the area when dredging operations are underway. Contact the Community Services Department at 239-472-6397 if you have any questions regarding the Shell Harbor dredging project.”

COVID-19 – From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 90.

Weeks-ending 3/29 through 11/29 – 36 weeks = 83 cases.

Cases since last Friday – 7 days = 7 cases.

Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Chapel by The Sea’s Christmas Eve Service

Chapel by the Sea’s Christmas Eve service has been canceled, but their lights are up and will be burning each evening until January 10, from 5:30 to 10 p.m. Always a popular spot for holiday photos, viewers are advised that masks are mandatory and social distancing (6’ apart) required.

Mortgage Rates Drop to 2020’s 14th Record Low: 2.71%

If you get an offer that has bank financing, stand by for a delay. With interest rates low, lenders are busy. Loan commitments are taking longer than usual, and many closings are occurring late. Below is an article by The Associated Press, posted yesterday on FloridaRealtors.org:

“It’s only a slight drop from last week’s 2.72%, but it’s enough to break another record. One year ago, the rate for a 30-year mortgage loan averaged 3.68%.

“WASHINGTON (AP) – U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.

“Mortgage finance giant Freddie Mac said Thursday the average rate on the 30-year fixed-rate home loan slipped to 2.71% from 2.72% last week. By contrast, the benchmark rate stood at 3.68% a year ago. The average rate on 15-year fixed-rate loan declined to 2.26% from 2.28%.

“Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers or people looking to refinance existing mortgages. But as Freddie Mac noted, home sales have stalled as the lack of available homes for purchase continues to stifle house hunters.

“Home prices have risen significantly in the past year as supply remains near historically low levels. In the latest sign that the economy and job market remain under stress from the resurgent viral outbreak, the government reported Thursday that the number of Americans applying for unemployment benefits fell last week to a still-high 712,000.”

‘Tis the Season for Predictions: Realtor.com Is First

Also posted this week on FloridaRealtors.org is the following article by Kerry Smith:

“Economists predict a 5.7% U.S. price increase and 7% growth in sales, but a closer look at 9 Fla. metros finds varying predictions. They range from a projected 1.5% sales growth (4.3% price) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price) along the Space Coast.

“ORLANDO, Fla. – What will the real estate market look like in 2021? In December, national economists start rolling out their predictions, with the first, realtor.com, publishing their expectations first.

Amid COVID-19 uncertainty, 2021 will be a robust sellers’ market for U.S. buyers as home prices hit new highs (+5.7%) and buyer competition remains strong, according to the realtor.com’s 2021 housing forecast. Their economist expects inventory to make a slow yet steady comeback, providing buyers with some relief. However, increasing interest rates and prices will make affordability a challenge throughout the year.

““The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” says realtor.com Chief Economist, Danielle Hale. “Buyers may finally have a better selection of homes to choose from later in the year but will face a renewed challenge of affordability as prices stay high and mortgage rates rise. With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates. While waiting until the fall or winter months of 2021 may mean more home options to choose from, buyers who can find a home to buy earlier in the year will likely see lower prices and mortgage rates.”

“Many of realtor.com’s predictions, however, assume the COVID-19 pandemic will be under control within the first half of the year. Realtor.com’s 2021 housing market forecast

·        Mortgage Rates – Up to 3.4% by year end

·        Existing Home Median Price Appreciation – +5.7%

·        Existing Home Sales – +7.0%

·        Single-Family Home Housing Starts – Up 9%

·        Homeownership Rate – 65.9%

Realtor.com also provides a breakdown of predictions by metro area, and it varies for the nine Florida metro areas included – from a projected 1.5% sales growth (4.3% price growth) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price growth) in the Palm Bay-Melbourne-Titusville metro area. 2021 predictions for Florida markets

·        Cape Coral-Fort Myers: 1.5% growth in sales, 4.3% increase in prices

·        Deltona-Daytona Beach-Ormond Beach: 5.4% growth in sales, 6.3% increase in prices

·        Jacksonville: 9.4% growth in sales, 5.0% increase in prices

·        Lakeland-Winter Haven: 5.1% growth in sales, 4.9% increase in prices

·        Miami-Fort Lauderdale-West Palm Beach: 3.7% growth in sales, 7.1% increase in prices

·        North Port-Sarasota-Bradenton: 10.3% growth in sales, 6.6% increase in prices

·        Orlando-Kissimmee-Sanford: 10.1% growth in sales, 5.8% increase in prices

·        Palm Bay-Melbourne-Titusville: 11.6% growth in sales, 4.7% increase in prices

·        Tampa-St. Petersburg-Clearwater: 8.7% growth in sales, 7.5% increase in prices

“What 2021 will be like for buyers? Buyers will find some relief in 2021 as more homes hit the market, but many will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4% and no longer offset prices as much. The time it takes to sell a home will slow from the late 2020’s frenzy, the economists predict, but fast sales will remain in many parts of the country. It will also be more challenging than 2020 for first-time homebuyers.

“What will 2021 be like for sellers? Sellers will still hold the upper hand throughout 2021. Home prices won’t grow as fast as they did in 2020, but steady increases will continue to push them to new highs. Sellers who list can expect their home to sell relatively quickly in 2021. Many sellers who are also buyers should have their next home lined up before listing.

“Forecast 2021 housing trends: Millennials will continue to drive the market while Gen-Z become market players. Older millennials will likely be trade-up buyers while the larger, younger segment of the generation age into their key home buying years. The oldest members of Gen-Z will turn 24 in 2021 and their impact on the market will only continue to grow from here.

“Affordability will become a growing obstacle. Buyers in 2020 received a huge boost when mortgage rates pushed to new lows, but a lack of inventory and strong demand drove prices up, erasing most of that boost. Buyers will need to act with a sense of urgency if they want to lock in a low rate before home prices increase even more in 2021.

“Inventory will begin the slow road toward recovery. A lack of for-sale homes has plagued the U.S. housing market for the last five years. The problem intensified in 2020, in large part due to an estimated shortfall of nearly 4 million newly constructed homes heading into the year, as well as sellers pulling back due to COVID-19. The number of homes for sale is expected to slowly rebound in 2021, but the road to recovery will be long because the market has to make up for multiple years of declines. While additional homes will hit the market in 2021, it won’t be enough to tip the scales in favor of buyers.

“Suburbs will shine if remote work stays around. As COVID-19 lockdowns gripped many of the nation’s largest cities, it sparked intense buyer interest in suburban homes, further exaggerating a trend that had been slowly emerging over the last couple of years. The big question is what demand will look like once a coronavirus vaccine is widely available. If companies require workers to return to the office, demand may wane. Conversely, if companies commit long-term to remote work, demand for these homes could see an additional boost in 2021.

“Wildcards that could shake things up in 2021:

“COVID-19: The deck is stacked with wildcards for 2021. The most impactful will be the U.S.’s ability to control and contain the spread of COVID-19 as well as distribute a vaccine. Additional lockdowns and quarantines could put a dent in housing inventory and sales, slowing the market and putting increased pressure on buyers. Conversely, if a vaccine is rolled out quickly, it could lead to better than expected sales and a strong increase for home prices and inventory.

“Double dip recession: The possibility of a double dip recession is still in play for 2021. As the U.S. continues in a K-shape recovery, a gap is widening between those with and without jobs, as well as industries recovering well versus those seeing a continued lack of business. In the short term, this could lead to less consumer spending. In the long term, this could impact the U.S. housing market as “would-be” buyers disappear from the market, cooling demand and driving down home prices. The current question is how long the K-shape can diverge before the impact begins to cascade into the broader economy and other previously less-affected sectors such as housing.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 27-December 4, 2020

Sanibel

CONDOS

2 new listings: Loggerhead Cay #261 2/2 $719K, Pointe Santo #D35 2/2 $795K.

2 price changes: Heron at The Sanctuary II #2B 3/3.5 now $749.9K, Sanibel Surfside #124 2/2 now $1.05M.

4 new sales: Sundial #D305 1/1 listed at $519.9K, Coquina Beach #1D 2/2 listed at $549K, Oceans Reach #4D1 2/2 listed at $859K, Sundial #L205 3/2 listed at $1.395M.

8 closed sales: Spanish Cay #F6 1/1 $280K, Sanibel Arms #B7 1/1 $342.5K, Blind Pass #B111 2/2 $420K, Seashells #26 2/2 $425K, Ibis at The Sanctuary #202 2/2 $476.5K, Loggerhead Cay #212 2/2 $560K, Sanibel Arms West #K6 2/2 $569K, Wedgewood #102 3/3.5 $2.425M.

HOMES

4 new listings: 1030 Kings Crown Dr 2/2 $879.9K, 3827 Coquina Dr 3/2 $1.075M, 735 Sand Dollar Dr 3/3 $1.249M, 837 Sand Dollar Dr 3/3.5 $2.095M.

3 price changes: 315 East Gulf Dr #212 3/2 half-duplex now $559K, 753 Nerita St 3/2 now $579K, 9441 Peaceful Dr 3/3.5 now $1.395M.

14 new sales: 1667 Atlanta Plaza Dr 2/1.5 listed at $425K; 1027 Sand Castle Rd 2/2 listed at $499K; 1001 East Gulf Dr 2/2 listed at $639K; 721 Durion Ct 3/3 listed at $649.9K; 1850 Farm Trl 3/2 listed at $699K; 705 Rabbit Rd 3/3 listed at $699K; 1610 Sabal Sands 3/2 listed at $714.9K; 9421 Moonlight Dr 3/2 listed at $775K; 3751 Coquina Dr 3/2 listed at $839K; 5835 Pine Tree Dr 3/2 listed at $844.5K; 1430 Sanderling Cir 4/3.5 listed at $870K; 1203 Kittiwake Cir 3/3 listed at $997,898; 1259 Par View Dr 3/4 listed at $1.175M; 2564 Wulfert Rd 4/5.5 listed at $1.929M.

5 closed sales: 1357 Jamaica Dr 2/3 duplex $540K, 3926 Coquina Dr 3/2 $755K, 4345 Gulf Pines Dr 4/4 $775K, 3351 Barra Cir 3/2.5 $1.165M, 1152 Buttonwood Ln 3/3.5 $1.6M.

LOTS

1 new listing: 9436 Beverly Ln $235K.

1 price change: 3354 Barra Cir now $365K.

1 new sale: 0 Bunting Ln listed at $229,555.

2 closed sales: 2279 Wulfert Rd $295K, 2142 Starfish Ln $400K.

Captiva

CONDOS

No new listings.

1 price change: Captiva Shores #7B 3/2.5 now $1.399M.

3 new sales: Tennis Villas #3212 1/1 listed at $320K, Sunset Beach Villas #2334 3/3 listed at $950K, Gulf Beach Villas #2028 listed at $1.085M.

1 closed sale: Gulf Beach Villas #2012 2/2 $765K.

HOMES

No new listings.

1 price change: 15138 Wiles Dr 6/5.5 now $6.195M.

No new sales.

1 closed sale: 16611 Captiva Dr 6/6.5 $4.75M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 11525 Murmond Ln $700K.

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, enjoy the holiday decor! Susan Andrews, aka SanibelSusan

 

The Friday Before Thanksgiving 2020… on Sanibel & Captiva Islands

The island continues to get busier as early Thanksgiving holiday vacationers/families arrive, and more snowbirds return. The weather this week finally took a long-awaited turn toward fall with lower humidity and daytime temperatures barely out of the 70’s on Wednesday. With little to no chance of rain, it also looks like the rainy season also finally is over. The forecast for the next ten days shows more of the same beautiful weather. Should be perfect for extended social distancing and outside holiday dining next week.

Many friends have returned to Sanibel for the holiday and shared photos taken this week. The below roseate spoonbill shots were taken Monday, Nov 16 at the wildlife refuge. Thank you, Dr Paul & Lynn.

 

While the next photo from our pal Scott was taken from Woodring Rd. Thanks for sharing!

At SanibelSusan Realty Associates

It also was another week of good action with our listings. With eight closings already in the hopper, all expected to close before the end of the year, we were happy to get another listing under contract yesterday. It should be our first closing in 2021. This has kept Dave busy following up on deposits, community applications, attending inspections, and ensuring sale action items are on time. Simultaneously, Elise has fielded more weekday showing requests and feedback, while Lisa and I cover those on the weekend. We are beating the bushes for new listings, if you know anyone thinking of selling.

The info the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

City of Sanibel – Politics, COVID-19, & More

Like much of the nation, islanders anxiously follow COVID updates and hope that SW Florida stays safe. This week Sanibel former-Mayor Kevin Ruane, who stepped down when he ran for a Lee County Commissioner seat, was officially sworn in as our County Commissioner for District 1. On Tuesday, his colleagues on the commission also elected him as their board chairman for next year. On Sanibel, that bumped Vice Mayor Mick Denham into the Acting Mayor position.

On Tuesday, Acting Mayor Denham extended the island declared state of emergency due to COVID-19. Now it goes until November 24, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)  The City face covering mandate remains in effect through the period.

From Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 77. Cases are rapidly increasing here. NINE more cases in the last week.

Weeks-ending 3/29 through 5/31 – 2 months = 11 cases

Weeks-ending 6/7 through 8/30 – 2 months = 30 cases

Weeks-ending 9/6 through 11/1 – 2 months = 22 cases

Weeks-ending 11/8 through 11/15 – 2 WEEKS = 14 cases (that is nine more cases than last week)

Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.

Work Space, Outdoor Living, & The Burbs

A good article in the new FloridaRealtor® magazine (Nov/Dec 2020) summaries what is happening on Sanibel too, “as the pandemic changes what homebuyers are looking for…”

“With schools closed and businesses shuttered, many people found their entire lives confined to the four walls of their homes. From working and homeschooling to eating and entertaining, daily life started and ended at home, causing many people to recognize the importance of a comfortable, practical place to live.

“As more companies realize that working from home is a viable option and many schools are on a virtual or a hybrid leaning schedule, these shifts seem to be more than a passing fancy….”

Below are the four trends that followed:

“Trend 1 – More indoor space for remote working and family members. What buyers want: Home office, home gym, well-appointed kitchen, walk-in pantry….

“Trend 2 – Increased consumer appetite for more outdoor and entertainment space. What buyers want: Private and spacious outdoor area, pool, backyard, patio….

“Trend 3 – Move from urban to suburban. What buyers want: Less densely populated location, single-family living….

“Trend 4 – More tech-enabled homes. What buyers want: High-speed WiFi connectivity, tech improvements/upgrades….

The article ends with a note from John “Chuck” Fowke, Tampa-based custom home builder and chairman of the board of the National Association of Home Builders, Washington, D.C.: “About 88% of our buyers indicated their home has become very important or more important because of the pandemic. There’s a trend of people thinking that, because they’re in the suburbs and not in congested areas, the health opportunities are much better. Emphasize the outdoor recreation and freedom of movement outside rather than being inside or in small spaces.””

8 Do’s & Don’ts of Owning a Vacation Rental

Also from the Nov/Dec 2020 issue of “FloridaRealtor®” magazine: “Are you considering a vacation home purchase that will produce valuable rental income when you’re not using the property? If so, check out these dos and don’ts to get the most out of your financial investment.

“DO: Create a financial plan. This will help you predict the potential revenue and expense of owning a rental property.

“DO: Work with a knowledgeable Realtor® when buying. A good agent can help you find a property in a good location with the best rental potential.

“DO: Get to know your property. Carefully check all parts of the property and repair and replace items that need it.”

“DO: Choose a property manager carefully. Check their reputation in the area, then ask how they’ll: Maintain the property so it stays in good condition, communicate with you and maximize your revenue.

“DON’T: Ignore preventive maintenance. It’s better to fix or replace that aging hot water heater or HVAC system now than have it break during a renter’s stay.

“DO: Be strategic about using the property yourself. If your goal is to maximize rental income, stick to planning your stay during the off season.

“DO: Plan to reinvest in the property. Figure you may have to spend 1% of the property value each year on maintenance.

“DO: Be realistic about pricing. Research area rental rates and don’t overprice. Your ultimate goal is to make a reasonable profit and that will require a high occupancy rate.”

Sanibel & Captiva Islands Multiple Listing Service Activity November 13-20, 2020

Sanibel

CONDOS

3 new listings: Spanish Cay #A4 2/2 $450K, Sanibel Arms West #J3 2/2 $589K, Sundial #L205 3/2 $1.495M.

5 price changes: Sanibel Arms #C7 1/1 now $349K, Blanca #8 2/1 now $365K, Sanibel Arms #H6 1/1 now $384.9K, Sundial #F108 1/1 now $450K, Sanibel Inn #3512 2/2 now $726K.

6 new sales: Breakers West #B5 2/2 listed at $569K; Compass Point #221 2/2 listed at $639,999; Sanctuary Golf Villages I #1-4 3/3 listed at $799K; Sundial #T201 2/2 listed at $799K;  Pointe Santo #D47 2/2 listed at $974K; Junonia #103 3/2 listed at $1.295M.

10 closed sales: Sundial #I405 1/1 $405K, Sundial #D308 1/1 $414K, Mariner Pointe #813 2/2 $525K, Loggerhead Cay #573 2/2 $657.5K, Lighthouse Point #229 3/2 $712K (our listing), Sunset South #14B 2/2 $920K, Blind Pass #G105 4/3 $950K, Blue Gulf #201 3/2 $1.135M, Sunward #201 3/2 $1.2M, High Tide #B302 3/2 $2.08M.

View from Lighthouse Point #229, sold full price!

HOMES

4 new listings: 1027 Sand Castle Rd 2/2 $499K, 9254 Kincaid Ct 2/2.5 $499.9K, 490 Sawgrass Pl 3/2.5 $1.595M, 4961 Joewood Dr 4/4 5.2M.

4 price changes: 1684 Bunting Ln 2/2 now $514,555; 721 Durion Ct 3/3 now $649.9K; 6141 Henderson Rd 3/2 now $658.5K; 1743 Jewel Box Dr 3/3.5 now $1.35M.

9 new sales: 1357 Jamaica Dr 2/3 duplex listed at $559K, 1142 Shell Basket Ln 3/2 listed at $625K, 1015 Fish Crow Rd 3/2 listed at $649K (our listing), 482 Lake Murex Cir 3/2 listed at $789K, 660 Oliva St 3/3 listed at $829K, 769 Pyrula Ave 3/3.5 listed at $1.395M, 677 Anchor Dr 5/5.5 listed at $1.895M, 2268 Wulfert Rd 4/5.5 listed at $1.995M, 4067 West Gulf Dr 4/4.5 listed at $5.9M.

1015 Fish Crow Rd

8 closed sales: 1410 Sand Castle Rd 2/2 $612,408; 9128 Mockingbird Dr 3/2 $635K; 9307 Dimmick Dr 3/2 $680K; 1326 Tahiti Dr 2/2 $700K; 525 N. Yachtsman Dr 3/2 $775K; 917 Lindgren Blvd 3/2 $850K; 770 Elinor Way 3/2.5 $895K, 2343 Wulfert Rd 4/4.5 $1.39M.

LOTS

1 new listing: 5301-25 Sanibel-Captiva Rd $1.2M.

No price changes.

1 new sale: 5116 Sea Bell Rd listed at $229K.

1 closed sale: 2297 Wulfert Rd $179K.

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Bayside Villas #5136 1/2 $380K.

HOMES

No new listings.

1 price change: 16447 Captiva Dr 7/6/2 now $2.79M.

No new sales.

1 close sale: 15147 Captiva Dr 6/5.5 $2.85M.

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”.

Best wishes from The SanibelSusan Team for a safe and happy Thanksgiving.

Susan Andrews, aka SanibelSusan

Sanibel & Captiva Scoop – Columbus Day Weekend

SanibelSusan here reporting another day of beautiful weather on Sanibel. The islands continue to slowly reopen, as sea turtle nesting and rainy season finish up for the year. News on both is positive.

A few days ago, SCCF posted on their Facebook page that “Sea turtle season is really winding down on the islands. Currently, we are monitoring 12 nests, a substantial difference from the record number of 669 nests on Sanibel and 268 nests on Captiva earlier this season. So far, a total of 33,267 hatchlings have made it to sea.”

Water quality was an agenda item at Tuesday’s Sanibel City Council meeting. Acting Director of Natural Resources, Holly Millbrand reported that although Lake Okeechobee water level is up and there has been some increase in water releases, there are no signs of any negative effects here, no red tide or blue green algae. “I’m pleased that the corps has been willing to take a more cautious approach,” she said, referring to the U.S. Army Corps of Engineers that determines when and how much water to release from the lake. “We encourage the corps to weigh all the factors…,” she said, adding that there is not so much concern from the corps of potential dyke failure even though the level is high.

Though that is all good news for returning snowbirds and the additional vacationers expected over the holiday weekend, many have been carefully watching the weather and the track of Hurricane Delta. All clear here today with that tropical weather pattern resulting in some lower humidity this week. The forecast says next week it will be in the mid to high 80’s with the usual chance of afternoon and evening thunderstorms. That usually equates to nice beach weather during the day, followed by a spectacular sunset. There have been some beauties lately.

Sanibel & Captiva Islands Association of Realtors®

Still closed for group meetings, the islands Association of Realtors® has revised plans for a couple of their annual events. Our end-of-season golf outing, party, and auction to benefit RPAC which were postponed from May until this month is revised again with a 2-day auction coming up next week (October 12-14) followed by an hour-long Zoom party.

Through the years, our RPAC dollars have worked on many ownership issues affecting islanders. As an example, last week, a bill that funded the federal government through December 11 was signed into law. That bill includes a full-year extension of the National Flood Insurance Program (NFIP) and surface transportation funding. Under the agreement, NFIP authority is extended through September 30, 2021. This is the second year in a row for a full fiscal year extension for flood insurance. While Realtors® continue to work toward comprehensive insurance reform and long-term reauthorization, the marketplace needs stability and continuity. In the continuing resolution is a similar extension of surface transportation funding. Transportation projects take years from concept to completion, and any lapse in funding is especially disruptive. This is a win for those looking toward a post-coronavirus market.

Here is another unusual twist because of COVID-19. For our local RPAC auction, SanibelSusan often donates a Maine Lobster Bake which is a dinner kit that comes from The Lobster Net in Brewer, ME. Included are not only jumbo fresh lobsters and a large pot for cooking them, but also all of the other ingredients, supplies, and instructions needed for a complete party-style meal, from appetizers to desserts. For years, the donation has sold for far more than the actual value. Imagine my surprise when I checked their website this year and found this message “Due to pandemic, live lobsters 2.0 – 4.0 lbs. are temporarily next to impossible to find.” So, this year’s donation is a little different.

The Association Annual Meeting and election of officers will be by electronic voting in early November. No word yet on when group in-person committee and Caravan meetings will resume.

The week’s action posted in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until October 13, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.) Additionally, this week, the City face covering mandate was reaffirmed and remains in effect through the period.

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 54.

Other Upcoming Events & Openings/Reopenings

The Sanibel Sprout Juice Bar & Vegan Café – reopened this week in their new just-remodeled location in Islander Center, 2407 Periwinkle Way, (former location of Totally Baked).

The Island Store (Captiva) – at the corner of Andy Rosse Lane & Captiva Drive, reopened this week after a nearly year-long renovation. Operated by Bailey’s General Store, it is open daily Sunday through Thursday from 8 a.m. to 6 p.m. Friday and Saturday from 8 a.m. to 8 p.m.

Sanibel Historical Village – reopening October 20 with safety protocols. Will be open Tuesdays through Saturdays from 10 a.m. to 4 p.m. All visitors, volunteers, and staff will be required to wear a mask and observe social distancing. Guided tours are suspended until January. However, visitors may make appointments for guided tours with 48-hour advance notice (for minimum of six, no more than ten guests). For self-tours, there are audio buttons in each building and brochures. Annual gala fundraiser canceled, but several Twilight Talks are in the planning stages. Events will be posted on museum website, http://www.SanibelMuseum.com.

Bailey-Matthews National Shell Museum “Mollusk Monster Mash” – October 27 at Traders. The Shell Museum’s kick-off fundraising event for the season will have a few new twists. Tickets include a gourmet meal served with wine either at the restaurant or with a takeout option delivered to your car. With socially-distance seating inside and out, reservations are needed. Call 239-395-2233 for more info.

SCCF’s “Wines in the Wild 2020” – November 13 – This year the event will not be at the Bailey Homestead, but at your homeINstead with SCCF providing the ingredients for a fun evening. The portable party “to go” will be available for touchless drive-by pickup at the Bailey Homestead on November 13. Included are a bottle of white and red wine; food by chefs from Cielo, Catering by Leslie Adams, Spoondrift, and Sweet Melissa’s Café; a centerpiece designed by the Native Landscapes & Garden Center; a link to a specially curated Wines in the Wild music playlist; & a yummy dessert, & surprises too. Contact SCCF by November 6 to reserve your box.

Sanibel & Captiva Islands Multiple Listing Service Activity October 2-9, 2020

Sanibel

CONDOS

4 new listings: Spanish Cay #F6 1/1 $293K, Breakers West #B5 2/2 $569K, Loggerhead Cay #462 2/2 $579K, Sanibel Sunset #201 3/2 $2.195M.

3 price changes: Cottage Colony West #101 1/1 now $585K, Sanibel Inn #3514 2/2 now $699K, Sanibel Surfside #124 2/2 now $1.025M.

3 new sales: Sundial #D204 1/1 listed at $450K, Island Beach Club #320C 2/2 listed at $829K, Sanibel Surfside #123 2/2 listed at $935K.

3 closed sales: Blind Pass #E205 2/2.5 $380K, Sandpebble #4E 2/2 $460K, Sunset South #11A 2/2 $537K.

HOMES

7 new listings: 1603 Sand Castle Rd 3/3 half-duplex $580K, 3926 Coquina Dr 3/2 $769K, 640 Periwinkle Way 3/2 $825K, 966 Kings Crown Dr 3/2 $1.06M, 1152 Buttonwood Ln 3/3.5 $1.695M, 677 Anchor Dr 5/5.5 $1.895M, 418 Bella Vista Way E 4/4 $1,995,900.

3 price changes: 9426 Sage Ct 3/3 now $1.059M, 201 Violet Dr 3/2 now $1.1M, 1761 Venus Dr 4/4 now $2.195M.

5 new sales: 4044 Coquina Dr 2/2 listed at $499K, 1223 Par View Dr 3/2 listed at $725K, 1326 Tahiti Dr 2/2 listed at $775K, 4345 Gulf Pines Dr 4/4 listed at $855K; 1352 Eagle Run Dr 3/2.5 listed at $1.095M.

4 closed sales: 1954 Roseate Ln 3/2 $520K, 4339 Gulf Pines Dr 3/2 $620K, 2439 Harbour Ln 3/3 $950K, 1175 Bird Ln 4/3/2 $3M.

LOTS

No new listings or price changes.

1 new sale: 2486 Wulfert Rd listed at $129K

2 closed sales: 978 Main St $162,450; 4334 West Gulf Dr $900K.

Captiva

CONDOS

1 new listing: Beach Homes #6 3/3 $2.998M.

3 price changes: Gulf Beach Villas #2112 1/1 now $492.5K, Captiva Shores #1B 3/2.5 now $1.799M, Lands End Village #1608 3/3 now $2.085M.

2 new sales: Gulf Beach Villas #2005 2/2 listed at $755K, Captiva Hide-A-Way #2A 2/2 listed at $900K.

2 closed sales: Beach Villas #2418 2/2 $765K, Beach Homes #30 4/4.5 $3.15M.

HOMES & LOTS

No new listings, price changes, new or closed sales.

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

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

Enjoy your weekend! Susan Andrews, aka SanibelSusan