Easter Blessings Abound On Sanibel


It’s SanibelSusan, reporting about another fun week on the islands. Many end-of-season events are wrapping things up and the spring weather here has been perfect – bright sunny warm breezy days, mostly in the 70’s, with gorgeous sunsets, followed by mild evenings.

Susan Yard 03-18-16

 

Lots of families and visitors are here on spring breaks and Easter vacations, so there has been lots of roadway traffic. Bike paths are busy too. Adding to that, Vice President Pence arrived yesterday and is expected to be here until next Friday enjoying Sanibel. (My lips are sealed as to which client’s home he is visiting.)

We’ve had plenty of action in the office too, with sales processing toward closings, others in-the-works, and our listings getting good action. After a few news items, below is the activity reported this week in the Sanibel & Captiva Islands Multiple Listing Service.

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

Congressman Francis Rooney – It was standing room only at 8 a.m. yesterday at the local Association of Realtors® monthly membership meeting. That’s because the speaker was Congressman Francis Rooney who came to update us on several important issues that affect our business.

arter rooney corace 03-30-18

Association affiliate member Dave Arter with Private Client Insurance Services, Congressman Rooney, & 2017 Association President Dustyn Corace

SanCap Mtg 03-29-18

Rooney is the U.S. Representative for Florida’s 19th congressional district which covers parts of Lee and Collier counties. He lives in Naples where he and his family have a base of diversified international group of companies that have created many jobs and economic opportunities in SW Florida and throughout the U.S. He also served many years as an U.S. ambassador.

His down-to-earth presentation cut right to the chase, explaining how the fight for water quality continues with good progress made in recent legislation, but often without the necessary appropriations. Attendees including Realtors®, business affiliates, and local leaders were encouraged to push with property owners to also contact their congressional leaders, not just here, but in other states to likewise recognize the importance of this resource and what must be done and funded to ensure its continuity. Segments from his pitch were included in a TV report last night on “water quality” that appeared on Wink News.

Congressman Rooney also briefly mentioned how the Federal flood insurance program has been extended until July. But, since it is now out of the federal budget package, could be in jeopardy. (You can be sure that local, state, and national Realtors® organizations are closely following that too.)

Florida Realtors logoFlorida Realtors® Honor Society – At the same meeting, five members of the local association were recognized by Florida Realtors® for achieving 2017 Honor Society. I am one of the lucky five – recognized for making the achievement for the 19th year.

FishFood for F.I.S.H. – Realtors® and attendees were reminded that in April the Association is collecting non-perishable food items to help F.I.S.H. of San-Cap replenish their food pantry which often gets low when the island thins out. Snowbirds and owners heading home for the summer are reminded to drop items at F.I.S.H. or call your Realtor® or SanibelSusan Realty. We will gladly pick your items up and get them delivered to the food pantry – or drop them off here at 2242 Periwinkle Way, Suite 3.

Upcoming Eventseaster61

  • 24th Annual Spring Festival – tomorrow March 31 from 9 to 11 a.m. hosted by The Children’s Education Center of the Islands, held at the Community Park, across the street from SanibelSusan Realty.
  • Easter Egg Hunt – tomorrow March 31 from 11 a.m. to 1 p.m. at the Sanibel Community Church. In addition to the hunt – for 2,500 pre-filled eggs, there will be games, crafts, bounce house, storytelling, & free lunch.
  • 7th Annual Easter Eggstravaganza – tomorrow March 31 from 1 to 3 p.m. at Island Inn, both inside and outside activities (those inside at Traditions on the Beach).
  • BIG ARTS Chorus Spring Concerts – Wednesday April 4 and Thursday April 5 at 7 p.m. at Schein Performance Hall. It usually sells out, so get tickets at www.bigarts.org. SanibelSusan is in the alto section.

Living Shoreline Approved Along Woodring Road

Sanibelcityseal logoAt Tuesday’s Sanibel Planning Commission meeting, approval was given for a project between the City of Sanibel and the U.S. Fish & Wildlife Service to create a living shoreline along the eroded section of Woodring Road right-of-way. According to a report in the “Island Sun”:

us fISH & WILDLIFE LOGO“The project seeks to rebuild approximately 170 linear feet of existing rip-rap and stabilize approximately 710 linear feet of existing vegetated shoreline by the installation of “living shoreline”, an erosion control structure comprised of rip-rap, concrete pipes and “reefballs” …which provide additional protection from wave energy created by wind, waves, and boat wakes…The City has budgeted $200,000 for the project, which will likely go out for bids in late April, then be brought before Sanibel City Council in May or June…once approved, the project would be completed this summer in 30 to 45 days….”

Great American Cleanup – Sanibel Canals

Here’s a little scoop from Facebook:

kEEP AMERICA BEAUTIFUL“Join Coastal Keepers and the Ocean Tribe Paddlers on Saturday, April 21st for The Great American Cleanup, an initiative created by Keep America Beautiful. This is a paddle-based cleanup, so we will travel through Sanibel’s east end canals via paddlecraft, gathering litter along the way. If you do not have a paddlecraft, Ocean Tribe Paddlers has a limited number of loaner paddleboards and kayaks available.

“We will meet at Sanibel Sea School’s Flagship Campus at 8 AM for a briefing, then divide into small groups before driving to the Sanibel Boat Ramp to launch our vessels. Parking is available there for a small fee. All cleanup materials will be provided. After the event, participants are invited to return to Sanibel Sea School for refreshments.

“To register for The Great American Cleanup, please go to http://klcb.org/great-american-cleanup.html and choose Sanibel Canals as your location. We kindly ask that you register online in advance to help our friends at Keep Lee County Beautiful measure participation. To reserve a paddleboard or kayak, please contact oceantribepaddlers@sanibelseaschool.org before the event.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 23-30, 2018

Sanibel

CONDOS

2 new listings: Nutmeg Village #205 2/2 $760K, Sunset South #10C 2/2 $799K.

5 price changes: Sanibel Inn #3522 2/2 now $699K, Sandalfoot #3C1 2/2 now $729K, Loggerhead Cay #163 2/2 now $779K, Sundial West #E104 2/2 now $899K, Atrium #201 3/3 now $1.435M.

5 new sales: Seashells #42 2/2 listed at $379.9K, Sundial West #F306 1/1 listed at $465K, Sundial East #P204 2/2 listed at $899K, Sanctuary Golf Villages I #6 3/3 listed at $968.5K, Tanglewood #1A 3/2 listed at $1.045M.

5 closed sales: Captains Walk #D5 2/1 $288K, Spanish Cay #F3 1/1 $274K, Sanibel Seaview #C2 3/3 $920K, Loggerhead Cay #134 2/2 $935K, Kings Crown #317 2/2 $1.295M.

HOMES

5 new listings: 8991 Mockingbird Ln 3/2 $875K, 1438 Causey Ct 3/2 $895K, 1248 Par View Dr 4/4.5 $1.38M, 3790 West Gulf Dr 3/2.5 $1.699M, 413 Bella Vista Way 4/4 $2.495M.

14 price changes: 4542 Bowen Bayou Rd 3/2 now $515K, 998 Fish Crow Rd 3/2 now $599K, 610 Hideaway Ct 3/2.5 now $659K, 236 Hurricane Ln 2/3 now $689K, 4439 Gulf Pines Dr 3/2 now $695K, 4239 Gulf Pines Dr 3/2 now $699K, 4760 Rue Helene 3/2 now $879.5K, 3050 West Gulf Dr 3/2.5 now $949.9K, 1244 Par View Dr 4/3 now $1.099M, 1747 Jewel Box Dr 3/2 now $1.145M, 1349 Eagle Run Dr 3/2.5 now $1.155M, 852 Lindgren Blvd 4/3 now $1.159M, 490 Sawgrass Pl 3/2.5 now $1.649M, 2689 Wulfert Rd 4/5.5 now $1.894M.

11 new sales: 1438 Sandpiper Cir 3/2.5 half-duplex listed at $379.9K, 9471 Peaceful Dr 3/2 listed at $469K, 1283 Par View Dr 2/2 listed at $574K, 1410 Sand Castle Rd 2/2 listed at $609K, 225 Daniel Dr 3/2.5 listed at $699K, 727 Birdie View Pt 3/2 listed at $779K, 5410 Osprey Ct 3/2.5 listed at $799K, 239 Daniel Dr 3/2 listed at $998K (our listing), 330 East Gulf Dr 3/2 listed at $1.15M, 5403 Shearwater Dr 4/3 listed at $1.195M, 2167 Starfish Ln 4/4.5 listed at $1.875M.

8 closed sales: 3008 Singing Wind Dr 2/2 $360K, 1425 Causey Ct 4/3 $660K, 563 Hideaway Ct 3/2 $675K, 4791 Rue Helene 3/2 $830K, 1275 Par View Dr 3/2 $885K, 1114 Captains Walk St 3/3 $885K, 1470 Angel Dr 3/2 $875K, 4649 Rue Belle Mer 3/2.5 $2.45M.

LOTS

2 new listing: 978 Main St $184.9K, 2288 Starfish Ln $549K.

No price changes.

1 new sale: 6027 Dinkins Lake Rd listed at $239.8K.

1 closed sale: 2998 Singing Wind Dr $150K.

Captiva

CONDOS

1 new listing: Bayside Villas #5136 1/2 $399.9K.

1 price change: Sunset Captiva #302 3/3 now $2.495M.

1 new sale: Lands End Village #1665 2/2 listed at $975K.

No closed sales.

HOMES & LOTS

Nothing to report.

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

happy-easter4Happy Easter!

Susan Andrews, aka SanibelSusan

 

Yippee! New Listings at SanibelSusan Realty


Sunset2

Sanibel sunset courtesy of Jim Anderson at JMA Photography.

SanibelSusan here reporting another sunny Friday on Sanibel, though we sure had plenty of rain earlier in the week when Tropical Storm Emily passed over the islands. Since Wednesday afternoon, it’s been mostly bright and hot – finally true Florida summer weather. It sure seems like it flew by this year.

Beginning soon many local establishments will close temporarily for their annual deep-cleans, employee vacations, remodeling, etc. In the meantime, those here are enjoying meals out without a wait and very little traffic.

At SanibelSusan Realty

Sanibelsusan LogoA SanibelSusan Realty we were happy to receive a new listing this morning and another this afternoon. (My apologies for posting this blog so late today, but we must keep that new business coming.)

Following a couple of news items below is the action posted in the Sanibel & Captiva Multiple Listing Service since last Friday. One of our new listing made the summary, the other will be inputted tomorrow after photographs are taken.

Sanibel & Captiva Islands Association of Realtors®

This year, as part of the Association’s 2017 campaign – “Working Together to Make a Difference”, from May through November, the Communications and Public Relations Committee has spearheaded several projects to aid local charities. Participation has increased with each one.

Last Friday, our food-packing event for Meals of Hope was a great success. With a few last-minute donations to defray cost of food and supplies, 28,800 meals were packed in less than the expected two hours. Many thanks to all contributors and 90+ packing volunteers, including association Realtors® and business partners, their families, friends, and neighbors, and especially to my committee members for their support.

It was a great exercise in team building with a purpose – certainly an afternoon to remember. Press releases have been submitted and plenty of photos are posted on Facebook highlighting the event. Thanks to photographer Jim Anderson, JMA Photography, for providing proof that no one looks good in a hair net.

Yesterday, culminating our other July project, collecting items for Bedz for Kidz, program founder Realtor® Cynthia Shafer came to the island to pick up the many twin and crib sheets, and backpacks and small suitcases donated by Association members. Bedz for Kidz is well on its way to providing 3,000 beds for children that are moved by the local court system into safer homes. For 16+years, Cynthia and her husband John have spent their Saturdays delivering, installing, and equipping beds for these needy children and their families. They are an inspiration! Big thank you to all Association of Realtors® contributors. Below is a picture of some of us with the donations and Cynthia.

Bedz4Kidz08-03-17

Want to See the Largest Junonia?junonia shell

As reported in today’s “Island Sun”:

“…The world’s largest recorded junonia – a specimen measuring nearly 6” in length – calls the island home. ”Everybody who comes to Sanibel would love to find a junonia, or even see one,” said Larry Strange, owner of Sanibel Seashell Industries, who recently acquired the record-setting shell.

“According to the “Registry of World Record Size Shells”, the largest junonia ever recorded – a Scaphella junonia measuring 154.0 cm – was collected in the Gulf of Mexico by The Hansbys in 1972. That shell became part of a collection owned by a mollusk enthusiast in Jacksonville, FL.

“Strange, a marine biologist and retired educator, was contacted by the son of the junonia’s owner, who asked if he would be interested in purchasing his father’s massive shell collection.

“”I had read about his record junonia, and I asked (the son) if it was still part of the collection,” said Strange, who eventually purchased the museum-quality assortment. “His father got the shell from a fisherman working on a shrimp trawler, who obtain a lot of junonias because they’re out in waters 40 to 80 feet.”

“However, junonias are rather uncommon to find washed up on the shorelines of Sanibel, so they are highly revered by both amateur and serious shell enthusiasts.

“In the three weeks since the giant junonia has been on display at the family-run business, Strange noted that people are coming into the store just to see the record-setting shell. “People are walking in and ask just to see it, or take a photo with it,” he said, noting that the shell is encased under a glass dome inside the main display case of the store, located at 1544 Periwinkle Way….

“All are welcome to stop by Sanibel Shell Industries and see the world’s largest junonia in person. The business – which originally opened in 1942 – is open Monday through Saturday from 10 a.m. to 5 p.m. Call 472-1603 or visit www.seashells.com for more information.”

Sellers Net Highest Profit in a Decade

This headline caught my eye, posted online July 31, 3017 at “Realtor®Mag”:

attom logo“Home sellers in the 2nd quarter of this year sold their properties for an average $51,000 more than they paid for them when they bought them. That’s the highest price gain for sellers since the second quarter of 2007, when it was $57,000, according to a new report by real estate data form ATTOM Data Solutions. This represents an average return on investment of 26%.

“The sellers had owned their homes an average of eight years, which is the longest tenure of homeownership since the first quarter of 2000, when ATTOM Data Solutions began tracking such data. However, “potential home sellers in today’s market are caught in a Catch-22,” says Daren Blomquist, senior vice president at ATTOM Data Solutions. “While it’s the most profitable time to sell in a decade, it’s also extremely difficult to find another home to purchase, which is helping to keep homeowners in their homes longer before selling. And the market is becoming even more competitive, with the share of cash buyers in the second quarter increasing annually for the first time in four years.”

“Out of 118 metro areas with at least 1,000 homes sales in the second quarter, ATTOM Data Solutions found that these cities had the highest percentage of sales in which sellers got top dollar:

  • San Jose, Calif.: 75%
  • San Francisco: 65%
  • Seattle: 63%
  • Modesto, Calif.: 62%
  • Denver: 62%”

Sanibel & Captiva Islands Multiple Listing Service Activity July 28 – August 4, 2017

sancap GO MLS logoSanibel

CONDOS

5 new listings: Spanish Cay #A7 1/1 $299K (our listing) (photos below), Seashells #44 2/2 $339K, Sundial West #H409 1/1 $489K, Sundial West #G204 2/2 $699K, Bandy Beach #A101 3/2 $1.399M.

1 price change: Tarpon Beach #103 2/2 now $749K.

2 new sales: Blind Pass #F106 2/2 listed at $409K, Sand Pointe #113 2/2 listed at $719K.

5 closed sales: Mariner Pointe #1412 1/1 $325K, Shorewood #2D 3/2 $972.5K, Sanibel Seaview 3B2 3/3 $1.445M, High Tide #A102 3/2.5 $1.425M, High Tide #A302 3/2 $1.5M.

HOMES

1 new listing: 813 Rabbit Rd 2/2 $449K.

3 price changes: 673 East Rocks 3/2 now $729,888; 655 Anchor Dr 3/3 now $749K; 1656 Middle Gulf Dr 3/4 now $1.099M.

2 new sales: 3364 Twin Lakes Ln 3/2 listed at $699K, 931 S. Yachtsman Dr 4/3.5 listed at $870K.

2 closed sales: 9409 Moonlight Dr 3/2.5 $599K, 518 N. Yachtsman Dr 3/3 $1.248M.

LOTS

No new listings.

2 price changes: 1026 Fish Crow Rd now $395K, 5821 Pine Tree Dr now $556K.

No new sales.

3 closed sales: 540 East Lake Rd $162.5K, 9023 Mockingbird Dr $380K, 2479 Harbour Ln $485K.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Tennis Villas #3118 1/1 listed at $255.5K, Beach Villas #2514 2/2 listed at $609K.

1 closed sale: Sunset Beach Villas #2325 2/2 $557K.

HOMES

Nothing to report.

LOTS

1 new listing: 956 Plantation Rd $2.195M.

No price changes, new, or closed sales.

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

Until next Friday, Susan Andrews, aka SanibelSusan

TweekedLowSunset

 

Working Together to Make a Difference


All’s well again on another Sanibel sunny Friday as we push forward to what are traditionally the busiest real estate months of the year on the islands – February and March. That activity may even stretch a few weeks longer this year with Easter not until April 16.

At SanibelSusan Realty Associates

This week we had another nice condo closing, a home listing that went under contract, an excellent sprinkling of showings, and good Open House action. Once February visitors settle in inquiries should pick up too. We already are getting requests for viewings in March during spring breaks.

gatorI had lunch today with a client who made me a “gator”. Shown here on our office sofa, I intend to take him home where he will recline on a special spot on my red love seat, but in the meantime, she said he needs a name.

Now called “Gator #5″ because he’s the 5th one she has made, I need suggestions! He’s going to be a neck scarf on the next cool day too, sure hope I don’t have to wait until next January. Isn’t he great? Thank you, Dianne! What’s your name for my gator?

Sanibel & Captiva Island Real Estate

sancap GO MLS logoWith January over, it is a good time to look at market inventory. The report of the Sanibel & Captiva Islands Multiple Listing Service activity over the last seven days follows a few news items below and includes many price adjustments. Here is a quick summary of the number of units for sale, compared to the activity last year.

How Many for Sale

Condos –  116 on Sanibel; 30 on Captiva

Homes – 186 on Sanibel; 38 on Captiva

Lots – 68 on Sanibel; 2 on Captiva

How Many Under Contract

Condos – 14 on Sanibel; 4 on Captiva

Homes – 27 on Sanibel; 3 on Captiva

Lots – 5 on Sanibel; 1 on Captiva

How Many Sold in January 2017

Condos – 11 on Sanibel; 2 on Captiva

Homes – 19 on Sanibel; 1 on Captiva

Lots – 5 on Sanibel; 0 on Captiva

How Many Sold in January Last Year

Condos – 15 on Sanibel; 1 on Captiva

Homes – 10 on Sanibel; 5 on Captiva

Lots – 3 on Sanibel; 0 on Captiva

Florida Realtors® PAC

rpacAs follow-up to my posting last week about the four awards that the Sanibel & Captiva Islands Association of Realtors® won for 2016 at FloridaRealtors®.

Here are a few highlights of how those RPAC dollars work.

  • 92% of all endorsed candidates were elected (23 of 25 Senate candidates won, 23 of 26 Congressional candidates won, 67 of 73 State House candidates won).
  • Constitutional Amendments 3 & 5 passed (grant tax exemptions for disabled first responders and seniors, and a big WIN for homeowners)
  • Won victories for homeowners and Realtors® (removed regulatory fees (HB 303), helped pass statewide comprehensive water policy to effectively manage and protect Florida’s natural resources (SB 552), revised the Value Adjustment Board process (HB 499)).

Working Together To Make a Difference in January

Sanibel realtors logoWritten by yours truly, here is the first 2017 press release from the local Association of Realtors® Communications and Public Relations Committee. It was published in the “Santiva-Chronicle” this morning.

“Ever wonder what members of a Realtor® organization do other than list and sell real estate?

“This year “Working Together to Make a Difference”, the Sanibel & Captiva Islands Association of Realtors® will report each month highlighting some other things accomplished by its members. Association members include Realtors®, their brokers, office managers, staff and affiliate business partners (mortgage brokers, insurance providers, home inspectors, appraisers, title companies, decorators, builders, non-profit organizations, attorneys, etc.).

“This is the first monthly report. It covers volunteer activities that members of the Sanibel & Captiva Islands Association of Realtors® did in January.

Mints for the Military – From January 9 until mid-March, local Girl Scout Troop 673 is collecting donations for boxes of Girl Scout cookies as part of their Mints for the Military drive. Association member Carol McCarley, Noack & Company CPA’s, and her daughters help in this effort, with hundreds of boxes expected to go overseas from their troop. Last year, the Girl Scouts Gulf Coast of Florida Council sent 57,854 boxes in total. That’s a lot of cookies!

Water Quality – On January 11 and 25, Association Past-President and Realtor® David Schuldenfrei and others attended and spoke in Tallahassee at Florida Senate subcommittee hearings on Lake Okeechobee discharges. The hearings went well, with Senator Joe Negron on January 27 filing SB 10 for the purchase of land south of the lake for water storage and cleaning before it goes south into the Everglades and Florida Bay. The bill now must pass the House and Senate, before being signed by the Governor. It has a long way to go, but is headed in the right direction. Thank you, David!

Collections, Contributions, Volunteers, & Donations – “Working Together to Make a Difference” the CRPC members will be reaching out to local organizations and non-profits to find: ways the Association may get more cooperatively involved in the community; if donation items are needed and if there is a time of the year when they are needed most; and if there are small hands-on projects that could use a team of 5-10 volunteers to get them done. An investigation already is underway to help the Sanibel Historical Preservation Committee, which is chaired by Realtor® Deb Gleason, with the new Sanibel Heritage Trail.

“If you have suggestions, please contact Association Communications & Public Relations Committee members: Realtors® Judie Anderson, Sarah Ashton, Deb Gleason, Kelly Huguenin, Cathie Lewis; Affiliate Business Partners: Nanci Berlin, Barrier Island Title Services and Angela Larson Roehl, Rosier Insurance; or Realtor® Chair Susan Andrews.

Watch next month for our February progress report.”

Cost vs. Value: Which Home Improvements Offer the Highest Return on Investment in 2017?

ris-media-logoThis article was posted on-line Jan 16, 2017 at “Housecall” which is RISMedia’s blog. Since we get asked this question too, it’s interesting to hear their take. Note the projects vary based on the geographic area and price of the property.

“With the many different projects reported annually in Remodeling Magazine’s Cost  vs. Value Report, not much has changed from last year…and that’s not a bad thing. The 29 projects found on this year’s report paid back an average of 64.3 cents on the dollar in resale value. Looking at the 24 most tracked projects (projects consistently tracked for the last six years), their payback for 2017 was also 64.3 cents—only three-quarters of a penny higher than 2016 projections.

“Why the little change? Simply put: the differences in underlying numbers was minimal year-to-year. The average cost for those 24 projects rose a meager 3%, while the value that real estate professionals put on said projects only rose 4.2%. Minor gains, yes, but we’ll take what we can get.

“Recent and long-time trends continued, reports Remodeling. Curb appeal projects like changes to doors, windows and siding garnered a higher ROI than work done inside the home. Replacement projects, like doors or windows, scored higher among real estate pros than did remodels.

“On a national scale, the top five projects with the greatest ROI in the report’s “midrange” cost category are:

  1. Attic Insulation (Fiberglass) (107.7% ROI), Average Cost: $1,343, Average Resale Value: $1,446
  2. Entry Door Replacement (steel) (90.7% ROI), Average Cost: $1,413, Average Resale Value: $1,282
  3. Manufactured Stone Veneer (89.4% ROI), Average Cost: $7,851, Average Resale Value: $7,019
  4. Minor Kitchen Remodel (80.2% ROI), Average Cost: $20,830, Average Resale Value: $16,699
  5. Garage Door Replacement (76.9% ROI), Average Cost: $1,749, Average Resale Value: $1,345

“The top five projects with the greatest ROI in the report’s “upscale” cost category are:

  1. Garage Door Replacement (85.0% ROI), Average Cost: $3,304, Average Resale Value: $2,810
  2. Entry Door Replacement (fiberglass) (77.8% ROI), Average Cost: $3,276, Average Resale Value: $2,550
  3. Window Replacement (vinyl) (73.9% ROI), Average Cost: $15,282, Average Resale Value: $11,286
  4. Window Replacement (wood) (73.0% ROI), Average Cost: $18,759, Average Resale Value: $13,691
  5. Grand Entrance (fiberglass) (70.1% ROI), Average Cost: $8,358, Average Resale Value: $5,855

“Regionally, the Pacific division (California, Oregon, Washington, Alaska and Hawaii) saw an average payback of 78.2% for all projects, with 10 projects posting cost-recouped levels of at least 90%. The East North Central states of Ohio, Indiana, Michigan, Illinois and Wisconsin, however, saw an average of just 54.9%, with no single project offering a payback of as much as 80 cents on the dollar.

“At the other end of the spectrum are projects with the lowest returns on investment—improvements generally not in demand by the market. Again, on a national scale, the five projects with the lowest ROI in the “midrange” cost category are:

  1. Bathroom Remodel (64.8% ROI), Average Cost: $18,546, Average Resale Value: $12,024
  2. Master Suite Addition (64.8% ROI), Average Cost: $119,533, Average Resale Value: $77,506
  3. Backyard Patio (54.9% ROI), Average Cost: $51,985, Average Resale Value: $28,546
  4. Backup Power Generator (54.0% ROI), Average Cost: $12,860, Average Resale Value: $6,940
  5. Bathroom Addition (53.9% ROI), Average Cost: $43,232, Average Resale Value: $23,283

“The five projects with the lowest ROI in the “upscale” cost category are:

  1. Major Kitchen Remodel (61.9% ROI), Average Cost: $122,991, Average Resale Value: $76,149
  2. Master Suite Addition (59.9% ROI), Average Cost: $250,687, Average Resale Value: $150,140
  3. Bathroom Remodel (59.1% ROI), Average Cost: $59,979, Average Resale Value: $35,456
  4. Bathroom Addition (57.1% ROI), Average Cost: $81,515, Average Resale Value: $46,507
  5. Deck Addition (composite) (56.4% ROI), Average Cost: $39,339, Average Resale Value: $22,171

“The 2017 Cost vs. Value Report compares, across 99 markets, the average cost of 29 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, here.”

Late January Island Weather

Sanibelcityseal logoWith January bringing serious cold/snowy/icy winter weather to so much of the nation, the islands got some residual effects. With Sanibel under tornado watch through the early morning hours of January 23, the local papers this week said the City reported no significant damage. The fast-moving storm brought little rain and wind, considering what had been projected. Though gusts of up to 60 mph were reported, in most areas the beaches gained sand.

pam-shells-01-25-17

Pam Rambo, local shelling expert, from her site iLoveShelling.com, called this photo posted 1/25/17, “Just a drop in the bucket”. So many shells on the beach!

Among the resulting beach debris were 250 crab traps which the City collected and crabbers retrieved from Public Works. It probably goes without saying that because of the storm, fishing was not the best, but the shelling was outstanding. After winter storms is often the best time for finding “big” shells.

 

The last few days of January were a little chilly – island sweater weather, but since then and for the next week temperatures in the mid to high 70’s are expected.

The Housing Crunch for Older Adults Nears

ForbesPosted on-line Tuesday at “Realtor®Mag” under “Daily Real Estate News” this article is sourced to Forbes.com:

“The 65-plus population is expected to surge from 48 million to 79 million in the next 20 years. Yet, the availability and affordability of housing to meet this blooming population is inadequate, according to a recent Harvard Joint Center for Housing Studies report.

“The report shows that only 3.5% of today’s housing contains the following three key elements of “universal design”: zero-step entrances, single-floor living, and wide halls and doorways. Further, nearly 6.4 million low-income renters will likely need to devote more than 30% of their income to housing by 2035, the report notes.

Housing experts say builders are not growing the supply enough to meet future demands from older adults and instead are continuing to put most of their focus on higher-end construction.

““The Harvard study was a scary forecast,” says Lukas Krause, CEO of Real Property Management, the largest property management franchise in the nation. “The senior sector will be one of the hardest hit for affordability. The most important thing we can do is find affordable housing for older Americans and contemplate layout and design to accommodate the older population.”

“More homes will need to be tailored to older adults. For example, homes likely will need to be retrofitted as single-floor living with a master suite, wider doorways to accommodate wheelchairs, and walk-in showers with grab bars.

“Retrofitting needs to extend to the multifamily sector too. Landlord and property owners have not yet largely embraced retrofitting apartments to accommodate older Americans, Krause says. “As the older population grows, economic factors will change and it will be more attractive to build more versatile homes,” he says.

Also, expect some changes in the way people live as the older population grows. For example, cohabitation and shared housing may grow in popularity as affordability concerns brew. And, expect a growth in mother-in-law suites in single-family residences as well as grandparents living with their families like previous generations once did, Krause says. Furthermore, programs like the Johns Hopkins project, CAPABLE, may expand. The Johns Hopkins program seeks to help people age in place by assigning them a nurse, an occupational therapist, and a handyman.”

Sanibel & Captiva Multiple Listing Service Activity Jan 27-Feb 3, 2017

Sanibel

CONDOS

5 new listings: Captains Walk #D5 2/1 $325K, Sanibel Moorings #931 2/2 $550K, Heron at The Sanctuary #1B 3/2.5 $620K, Bayview Village #1A 3/3 $789K, Pointe Santo #D32 2/2 $819K.

7 price changes: Mariner Pointe #1412 1/1 now $349.9K, Donax Village #3 2/2 now $464K, Mariner Pointe #712 2/2.5 now $498K, Mariner Pointe #533 2/2 now $499K, Pointe Santo #D6 2/2 now $719K, High Tide #A102 3/2.5 now $1.695M, High Tide #A302 3/2 now $1.725M.

5 new sales: Sundial West #F103 2/2 listed at $459.5K, Coquina Beach #2C 2/2 listed at $599K, Compass Point #222 2/2 listed at $689K, Sundial West #K203 2/2 listed at $879K, Somerset #302 3/2.5 listed at $1.65M.

3 closed sales: Coquina Beach #4C 2/2 $430K, Sundial East #P201 2/2 $760K, Gulfside Place #115 2/2 $1.4M (our buyer). 

HOMES

7 new listings: 1940 Periwinkle Way 3/2 half-duplex $495K, 9446 Yucca Ct 3/2 $609K, 3784 Coquina Dr 3/3 $714K, 1717 Sand Pebble Way 3/2 $719K, 3359 Barra Cir 3/3 $789K, 1294 Par View Dr 3/2.4 $949K, 687 Anchor Dr 4/3 $1.795M.

15 price changes: 1651 Sand Castle Rd 3/2.5 half-duplex now $477.5K, 1212 Par View Dr 2/2 now $619K, 1073 Fish Crow Rd 3/2.5 now $699K, 4694 Rue Bayou 3/3 now $699K, 1429 Jamaica Dr 3/3 now $699.9K, 978 Black Skimmer Way 3/2 now $712K, 5757 Pine Tree Dr 3/2.5 now $799K, 1314 Par View Dr 4/3 now $899K, 1174 Harbour Cottage CT 3/3 half-duplex now $1.05M, 1270 Bay Dr 3/2 now $1.249M, 5403 Shearwater Dr 4/3 now $1.295M, 500 Periwinkle Way 3/3 now $1.295M, 1475 Angel Dr 3/4.5 now $1.649M, 1743 Venus Dr 4/3.5 now $1.749M, 900 Snowberry Ln 4/3 now $3.495M.

5 new sales: 608 Boulder Dr 3/3 listed at $869K, 537 Lake Murex Cir 3/3 listed at $899K (our listing), 2920 West Gulf Dr 3/2 listed at $939K, 935 Lindgren Blvd 3/2 listed at $696K, 3557 West Gulf Dr 3/3.5 listed at $4.5M.

6 closed sales: 474 Lake Murex Cir 2/2 $360K, 810 Elinor Way 3/2 $570K, 750 Nerita St 3/2 $650K, 5751 Baltusrol Ct 3/4 $975K, 1665 Sabal Palm Dr 3/2 $1.05M, 800 Sand Dollar Dr 3/3.5 $1.625M.

LOTS

2 new listings: 5116 Sea Bell Rd $185K, 5126 Sea Bell Rd $185K.

1 price change: 5687 Baltusrol Ct now $315K.

No new sales.

1 closed sale: 2462 Wulfert Rd $200K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Villas #2322 1/1 listed at $499K.

1 closed sale: Tennis Villas #3121 1/1/2 $253K.

HOMES

No new listings.

2 price changes: 1114 Schefflera Ct 4/3.5 now $2.65M, 11551 Wightman Ln 4/4.5 now $4.9M.

1 new sale:13500 Palmflower Ln 4/4 listed at $1.795M.

No closed sales.

LOTS

No new listings or price changes.

1 new sale: 953 South Seas Plantation Rd listed at $2.1M.

No closed sales.

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

Until next Friday – enjoy the sunset, your weekend, & don’t forget to help me “name that gator”!

Susan Andrews aka SanibelSusan

sanibel-sunset

Kicking Off Florida Realtors 2017 & Sanibel/Captiva Real Estate is Hoppin’


Dream big.jpgSanibelSusan’s report today is mostly from the FloridaRealtors Mid-Winter Business Meetings in Orlando. It has been a whirlwind few days ending with the Inaugural Banquet of the 2017 leadership team last night.

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Sanibel/Captiva Islands Assoc of Realtors 2017 President Joel Goodman with our awards for 2016.

It is always an honor to be on the audition panel for new Florida real estate instructors. That was my Wednesday workday from beginning to end – or at least until the Sanibel & Captiva Islands Association of Realtors® was presented four RPAC (Realtor Political Action Committee) awards that evening. A recent water study funded with RPAC dollars was presented that very same day to state legislators in Tallahassee, as it continues to help our cause in working for more than 20 years to improve area water quality.

 

Yesterday, the morning Leadership Think Tank and later breakout sessions on Legislative Issues and Resort & 2nd Home Specialists zeroed in on several issues near-and-dear to us. The state legislature only had a small number of bills before them last week, but hundreds if not thousands more were expected by today. Of importance to us are those related to rental restrictions, water quality, insurance, and taxes. You can be sure FloridaRealtors® work every day to protect the rights of property owners.

During my few days away, business has been booming on Sanibel so I headed back to the island immediately after the Professional Development Committee meeting this morning. Thank goodness for technology and my teammates Dave and Elise who have been going above-and-beyond. Dave accompanied three showings this afternoon while Elise finished this update and summarized the week’s activity.  We are happy to report two closings and lots of showings this week. The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Services follows just one news item below.

Real Estate Trends: Florida ‘Outperformed’ the U.S.

Florida Realtors logoThe following is a report from FloridaRealtors® online. It summarizes one of the meetings yesterday in Orlando.

“In 2016, Florida’s economy outperformed the nation in part because of better job creation, according to several economists who spoke to a standing-room-only crowd of about 500 Realtors® at the 2017 Florida Real Estate Trends event Thursday during Florida Realtors Mid-Winter Business Meetings.

“National Association of Realtors (NAR) Chief Economist Lawrence Yun noted that the pace of U.S. home sales in 2016 at 5.5 million was “the best in a decade.” Since it’s nowhere near the 7.2 million sales peak in 2006, however, it leaves room for continued growth in 2017. And while interest rates are trending higher, it hasn’t had a dampening effect on home sales.

““A 4.2% mortgage rate is still a great rate,” Yun said. “As long as we’re around the 4 to even 5% mortgage rate, home sales are likely to stay on pace. As mortgage rates rise, job creation – which Florida excels at – could be a great neutralizer and good for home sales. In fact, Florida is outperforming the country because of better job creation.”

“Other speakers who shared their views on 2017 included Dr. Elliot Eisenberg, a nationally known economist and former senior economist with the National Association of Home Builders (NAHB); Michael Johnston, Florida regional sales manager, Wells Fargo Home Mortgage; Dr. Julie Harrington, director of Florida State University’s Center for Economic Forecasting and Analysis; and Dr. Brad O’Connor, chief economist for Florida Realtors.

““The good news, here in Florida, you’re in the right place,” Eisenberg said. “The South is the right division to be in – the economic recovery here has been much more robust. Florida is doing fine economically, unemployment is OK, and foreclosures are diminishing.”

“He agreed with Yun that while mortgage rates will continue to rise this year – albeit slowly – the markets will be fine as long as jobs are being created.

““Housing is improving, but in fits and starts,” Eisenberg said. “There’s not enough inventory of homes for sale, and builders aren’t building, especially at the entry-level. Bigger houses are being built, but it’s not profitable for builders to construct more affordable homes.”

“Eisenberg cited worker shortages, burdensome land-use regulations and costs – land, labor and regulation – as some of the constraints homebuilders face when it comes to building entry-level homes.

““We have to try a myriad of solutions, but getting the land costs down and easing land-use regulations will be the single most important factor in solving this issue,” he said.

“According to Eisenberg, forces at work in Florida and across the U.S. that are dampening real estate sales include:

  • Low inventory – December 2016 data, which is just a few days old, shows that the existing single-family home inventory nationwide is 3.6 months; in Florida, it’s 3.9-month months. A 6-month supply is generally considered a balanced market between buyers and sellers.
  • New model of renting – Six million single-family units have been taken off the market because institutional investors snapped up many homes during the Great Recession and created a new method of renting.
  • Mortgage rate lock – many people don’t want to sell because they’ll lose the really low mortgage rate they’re currently paying.

“When it comes to financing, lenders are in a technology race to provide a digital, user-friendly experience. Their goal is to make the mortgage process easier for the customer, said Michael Johnston, Florida regional sales manager for Wells Fargo Home Mortgage.

““Today, 42% of homebuyers are millennials,” he said, “and with 92 million more millennials coming up, it will be an even bigger part of the housing market over the next five years. A recent survey found that 93% of those aged 18-34 intend to buy a house sometime in their future. Millennials are always online, so creating a digital mortgage experience for them is critical.”

“Johnston shared research showing that millennials value the expertise of Realtor professionals during the home buying process. “While they will go online to do home shopping, they do want to consult a trusted advisor along the way,” he said.

“The condominium market is an important part of the overall real estate market, and often offers an affordable option for buyers, according to Johnston. “In Florida, the condo market is healthy and robust,” he said.

““Condos make up 28% of all home sales in Florida; nationally, it’s 12%.”

“Dr. Julie Harrington, director of Florida State University’s Center for Economic Forecasting and Analysis (CEFA), previewed elements of an economic impact study on Florida’s SHIP and SAIL funds by county that Florida Realtors commissioned CEFA to conduct. SHIP stands for State Housing Initiatives Partnership program, while SAIL stands for the State Apartment Incentive Loan program.

“As data is collected and analyzed, researchers will construct an economic forecasting model for Florida’s future affordable housing needs, and the data will also be used to compile statewide economic impact numbers for the SHIP and SAIL programs, Harrington said.

“Looking ahead to the coming months, Florida Realtors Chief Economist Brad O’Connor announced to Realtors that the state association plans to soon release housing data metrics for Florida specific to cities and zip codes. Applause greeted his announcement. O’Connor anticipates having the new statistics starting on Feb. 9, which coincides with the release of the fourth quarter 2016 and 2016 year’s end data from Florida Realtors. The statistics will be available to members at www.floridarealtors.org/research (password-protected).

“Looking at all of 2016, the statewide existing homes market remained stable but was also relatively “flat,” according to O’Connor, though part of the reason for that year-to-year analysis was that “2015 was a pretty darn good year, sales-wise.”

“He also pointed out that a shortage of housing inventory in markets across the state, particularly for properties values at $200,000 or less, is impacting closed sales and putting pressure on median prices. Another factor: Sales of distressed properties continue to fall.

““In 2015, 10% of Florida’s housing inventory was distressed at the end of each month,” O’Connor said. “This past year, it’s been 5%, and it’s going to keep going down in 2017.””

Sanibel & Captiva Multiple Listing Service Activity January 20-27, 2017

sancap GO MLS logoSanibel

CONDOS

9 new listings: Sanibel Arms West #H1 2/2 $535K; Sanibel Arms West #J3 2/2 $535K; Loggerhead Cay #443 2/2 $549K; Loggerhead Cay #252 2/2 $589K; Surfside 12 #A1 3/2 $799,999; Sundial West #K203 2/2 $879K; Sundial East #Q404 2/2 $899K; By-The-Sea #C302 2/2 $1.695M; Somerset #E202 3/2.5 $1.699M.

5 price changes: Coquina Beach #3C 2/2 $449K, Loggerhead Cay #253 2/2 now $549K, Loggerhead Cay #152 2/2 now $899K, Atrium #201 3/3 now $1.495M, Tamarind #A102 2/2 now $1.595M.

5 new sales: Coquina Beach #4C 2/2 listed at $449.9K, Seawind #A108 2/2.5 listed at $519K, Heron at The Sanctuary III #1B 3/2.5 listed at $619K, Sundial East #O401 2/2 listed at $729K, Sundial East #O407 2/2 listed at $1.199M.

5 closed sales: Sanibel Arms West #J6 2/2 $485K, Seawind #A103 2/2.5 $538K, Sunset South #11C 2/2 $592K (our listing), Pointe Santo #E37 3/2 $1.375M, Golden Beach #2 3/2.5 $1.3925M.

HOMES

6 new listings: 1631 Sand Castle Rd 3/2.5 half-duplex $499K, 1651 Sand Castle Rd 3/2.5 half-duplex $499.5K, 1954 Roseate Ln 3/2 $554K, 1252 Sand Castle Rd 3/2 $659K, 1862 Farm Trl 3/2 $675K, 2857 Wulfert Rd 4/5 $1.75M.

9 price changes: 980 Sand Castle Rd 3/3 half-duplex now $489K, 3008 Singing Winds Dr 2/2 now $499K, 1746 Windward Way 3/2 now $535K, 1040 Sand Castle Rd 3/2 now $619K, 2195 Par View Dr 3/2 now $750K, 5757 Pine Tree Dr 3/2.5 now $799.9K, 4775 Rue Helene 4/3 now $845K, 5240 Caloosa End Ln 3/3 now $979.9K, 5657 SanibelCaptiva Rd 3/2 now $1.195M.

3 new sales: 5105 SanibelCaptiva Rd 4/3 listed at $649K, 815 Birdie View Pt 3/3 listed at $1.199M, 598 Kinzie Island Ct 3/3.5 listed at $1.595M.

7 closed sales: 1411 Sandpiper Cir 2/2 half-duplex $430K, 1983 Roseate 2/2 $505K, 533 Rabbit Rd 3/2 $530K (our listing), 3019 Poinciana Cir 5/3.5 $890K, 521 Lighthouse Way 3/2 $938K, 1052 Whisperwood Way 3/3 $1.325M, 1717 Jewel Box Dr 3/3.5 $2M.

LOTS

2 new listings: 4565 Bowen Bayou Rd $239,555; 1415 Sanderling Cir $398K.

2 price changes: 2486 Wulfert Rd now $189,555; 1311 Par View Dr now $279K.

1 new sale: 2501 Wulfert Rd listed at $199.9K.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Beach Villas #2614 2/2 now $614K.

No new sales.

1 closed sale: Beach Cottages #1406 3/2 $995K.

HOMES

5 new listings: 11490 Dickey Ln 3/2 $1.049M, 11539 Wightman Ln 2/2 $1.575M, 13500 Palmflower Ln 4/4 $1.795M, 16455 Captiva Dr 4/4.5 $2.495M, 11559 Laika Ln 2/2/2 $6.995M.

1 price change: 16163 Captiva Dr 3/2 now $2.549M.

1 new sale: 11537 Laika Ln 4/3 listed at $1.549M.

No closed sales.

LOTS

Nothing to report.

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

Causeway sunset 1-18-17.jpg

Wondering what it’s been like on Sanibel? Here’s a recent sunset photo…beautiful as always! Enjoy your weekend!

Susan Andrews aka SanibelSusan

Happy 100 Years Florida Realtors!


SanibelSusan here with some scoop from the Florida Realtors 100th Anniversary Celebration & Annual Meetings in Orlando.

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After some news, Elise, our SanibelSusan Team Listing Coordinator has added the action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service.
Teammate Dave is out in the field this afternoon, opening a listing for a viewing and then continuing to work with some prospects who started their home search with one of our listings yesterday. As our Closing Coodinator, he says all is on track this week with the progress on our sales in process. It sure works having a flexible well-versed team.

It was a week of activity during what is usually a quiet time on the islands.

Florida Realtors 2016 Convention & Trade Expo

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With some pals from the Sanibel & Captiva Islands Assoc at last night’s concert featuring Party on the Moon

I participated in the Realtor-Attorney Joint Committee meeting this morning. There are changes coming for the 2017 FloridaRealtors/FloridaBar contract, mostly related to financing contingencies and when deposits go “hard”. Changes in Federal banking regulations have made this process more cumbersome, but Florida has made great strides in improving their contracts. I have seen a lot of good changes during my 18 years attending these meetings. Another takeaway is that so far this year, the “as is” contract, which allows a buyer to walk away, has been used more than 80% of the time. We see that contract used more in our area too.

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Event co-chairs Nancy & Deborah with Jay Leno!

The General Session Keynote speaker today was Jay Leno. If possible, I think he is funnier in person. Entertained us for a solid hour plus just talking off the cuff. He ended by giving special recognition to the many charities in Florida that provide housing assistance. Offered a tour any time of his 250+vehicle auto collection in LA to the highest bidder, with the proceeds to these charities. When the bidding got up to $5K, he offered the same to anyone else at the same price. They had already raised $30K when I left the ballroom. Thank you, Jay Leno!
Tomorrow are Professional Standards Forum, Resort & 2nd Home Specialists Forum, and our District meetings in preparation for the Board of Directors meeting on Sunday morning.
Thanks to technology, we convention attendees also have an eye on the weather. Looks like the tropical disturbance between Cuba and the Bahamas has broken up some and is only going to bring rain to Southwest Florida, but conditions are right for redevelopment, so I will continue to follow it. Many of us will be driving home on Sunday so hope for good conditions.

Paul McCarthy – Captiva Cruises

imageWe were sadden this week to hear of the sudden passing of Captiva Cruises’s founder and island icon, Paul McCarthy. He instilled a desire to do more for the community in many, so his spirit lives on. His support toward furthering the education of island Realtors was quiet, but always appreciated. RIP, Paul.

Island Happening & Upcoming Events

Dunes Golf & Tennis Club – Recently reopened after a major summer renovation of the greens and bunkers. They are offering a $40 introductory rate for tee times until September 5.

BIG Arts Community Chorus – The music for fall/winter performances is in our singers hands – though it’s a little odd singing Christmas carols and Hanukkah songs in August. Dates for upcoming events are posted under the above “Upcoming Island Events” tab.

Sanibel & Captiva Multiple Listing Service Activity August 19-26, 2016

Sanibel
CONDOS
No new listings or price changes.
3 new sales: Sandpebble #3D 2/2 listed at $449.9K, Gulfside Place #115 2/2 listed at $1.595M, Somerset #A302 3/2.5 listed at $1.951M.
4 closed sales: Colonnades #C8 1/1 $218.5K, Lighthouse Point #122 2/2 $470K, Sanibel Arms West #H1 2/2 $510K, Oceans Reach #1A1 2/2 $915K.

HOMES
3 new listings: 976 Sand Castle Rd 3/3 half-duplex $495K, 2142 Egret Cir 3/2 $499K, 5657 SanibelCaptiva Rd 3/2 $1.295M.
4 price changes: 5749 Pine Tree Dr 3/3 now $649K, 1429 Jamiaca Dr 3/3 now $749K, 931 S Yachtsman Dr 4/3.5 now $870K, 918 Lindgren Blvd 3/3.5 now $1.295M.
No new sales.
2 closed sales: 2115 Sunset Cir 3/2 $433K, 1520 Angel Dr 4/3/2 $1.15M.

LOTS
No new listings.
1 price change: 1311 Par View Dr now $299K.
No new or closed sales.

Captiva
CONDOS
1 new listing: Bayside Villas #5240 1/2 $327K.
1 price change: Gulf Beach Villas #2004 2/2 now $619K.
No new or closed sales.

HOMES
1 new listing: 16525 Captiva Dr 8/8 $4.2M.
No price changes.
1 new sale: 16167 Captiva Dr 4/3 listed at $1.795M.
1 closed sale: 11530 Paige Ct 4/5.5 $3.299M.

LOTS
Nothing to report.

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

Until next Friday…wishing good weather & clearing sailing to all…Susan Andrews, aka SanibelSusan

TGIF from sea


Thanks to SanibelSusan teammates, Elise & Dave, this Friday Update is coming to you from Haiti where I am enjoying the final days of of a Caribbean cruise while they & Lisa have handled things in the office & at home.

Here is a picture of my view in Labadee where it is a breezy 84 degrees as I pen this at 4:30 p.m.

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Dave & Elise say it has been a quiet week on Sanibel as far as showing requests and inquiries about our listings, but they have been busy finishing up our 8000-piece newsletter mailing. If you’d like a copy, let us know.

They offer the following news items & then the Sanibel Captiva MLS activity since last Friday.

But first since I know Sanibel photos are your favorite, here are some taken by our friend Scott who had a busy day on Monday  with some Pelicans! (You saved me again, Scott.)

Clear Your Gear Stations

As reported in the Island Sun this week, last week a volunteer representing the Monofilament Busters conservation group oversaw the installation of five new monofilament fishing line recycling stations completed by the City of Sanibel’s Department of Public Works, expanding the scope of the three-year-old Clear Your Gear Campaign. Clear Your Gear is a collaborative effort among Sanibel & Captiva conservation organizations aiming to reduce the amount of monofilament line and fishing gear left in our environment, which is often detrimental to wildlife. New locations are: Bowman’s Beach main beach access, Bowman’s beach kayak launch, Clam Bayou box culvert, Blind Pass, City Boat Ramp.

Shells Needed For Museum Crafts

The Bailey-Matthews National Shell Museum needs shells. The daily Shell Crafting is so popular that the museum is running low. Shells do not need to be perfect and can be from any Southwest Florida beach. They do need to be clean and they must not be what the museum calls “live collected”. In other words they only want shells that are empty when found. The types of shells the program prefers are: lightning whelks under three inches long, paper figs, tulips, rose petal telins, buttercup lucins, apple murexes, paired cockles, dosinias, coquinas, large scallops, kitten paws, turkey wings and button snails. Shell Crafting classes are offered every afternoon in the museum’s auditorium. Classes are free with paid museum admission. Donations accepted at 3075 SanibelCaptiva Rd.

Sanibel & Captiva Multiple Listing Service Activity July 15-22, 2016

Sanibel
CONDOS
2 new listings: Blind Pass #B207 2/2.5 $515K, Sanibel Arms West #M3 2/2 $547.5K.
2 price changes: Mariner Pointe #712 2/2.5 now $525K, Moonshadows #2C 3/3 now $1.897M.
2 new sales: Lighthouse Point #122 2/2 listed at $499K, Sundial West #A205 2/2 listed at $829K.
No closed sales.

HOMES
2 new listings: 9209 Kincaid Ct 3/2 $499K, 533 Rabbit Rd 3/2 $548K (our listing).

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Our new listing at 533 Rabbit Road

2 price changes: 918 Lindgren Blvd 3/3.5 now $1.325M, 598 Kinzie Island Cct 3/3.5 now $1.785M.
3 new sales: 421 Lake Murex Cir 3/2 listed at $829K, 739 Pyrula Ave 3/3 listed at $1.245M, 6491 SanibelCaptiva Rd 2/2 listed at $1.795M.
2 closed sales: 2150 Egret Cir 3/2 $479K, 1702 Sand Pebble Way 3/2.5 $500K.

LOTS
1 new listing: 9232 Dimmick Dr $212,555.
No price change or new sales.
1 closed listing: 6217 Starling Way $1.159M.

Captiva
CONDOS
No new listings, price changes, or new sales.
1 closed listing: Tennis Villas #3231 2/2 $395K.

HOMES & LOTS
Nothing to report.

Until, next Friday, I borrowed another photo from Scott! Even at sea, we don’t see sunsets like on Sanibel. This was Wednesday night Tarpon Bay side!  Thank you, Scott!

TGIF, Susan Andrews, aka SanibelSusan

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Sanibel Summer & Ospreys, oh my…


It is Susan reporting that it has been another “quiet” week on the islands. No Association of Realtors® caravan meeting yesterday, but the activity in the Sanibel & Captiva Islands Multiple Listing Service over the last seven days follows a few news items below.

First a few photos  from our friend, Scott, who shares his pictures with us – for the blog. These ospreys love his dock! Thank you, Scott!

Sea Turtle Nests Break Record on East Sanibel

kemp turtleFollowing up on last week’s post about sea turtles, SCCF’s (Sanibel-Captiva Conservation Foundation) blog on Wed, July 13, posted the following:

“Today SCCF’s Sea Turtle Program confirmed that Sanibel’s East End has broken the record for nest numbers since we began recording. We officially have 122 loggerhead nests on the East End.

“2015 was the previous record holder with 120 nests. Prior to that, the average for nests on the East end was 38 per year! We are having an excellent season!

“Here’s how you can ensure all those nests, hatchlings, and momma’s stay safe:

  • Respect all staked nests.
  • Turn off all lights – Nesting females and hatchlings primarily emerge after dark so remember to turn off all lights. Sea turtles use the brightest horizon to navigate towards the water. Any artificial lighting will cause confusion and steer turtles in the wrong direction. This includes beachfront lighting, flash lights, flash photography, and even iPhones.
  • Remove all beach furniture and toys – Clear everything off the beach from 9 p.m. – 7 a.m. Obstacles on the beach can cause nesting females and hatchlings to become entangled.
  • Fill in all holes on the beach – if you dug a hole on the beach please fill it in. Nesting females and hatchlings can fall into holes, causing them to be vulnerable to predators.
  • Never approach a nesting sea turtle – if approached the sea turtle will likely abandon her nesting attempt

sea-turtle-eggsLoggerhead Sea Turtle Facts

  • Loggerheads are one of seven species of sea turtles in the world
  • Nesting/hatching season occurs from April 15 through October 31
  • Adult loggerheads can grow to more than 3-feet long and weight 200 to 350 lbs
  • A female loggerhead may nest around 3-6 times per season
  • Each nest contains 100 or more leathery ping-pong ball sized eggs
  • Incubation takes about 55 to 65 days depending on sand temperature
  • It may take 30 years or more for loggerhead hatchlings to reach maturity.”

2016 Profile of International Activity in U.S. Residential Real Estate

realtor logoThe National Association of Realtors® (NAR) just issued the results of the annual survey by their Research Division which measures the share of U.S. residential real estate sales to international clients. The report divides those international or foreign clients into two types:

  • Non-resident foreigners who are non-U.S. citizens with permanent residences outside the U.S. They typically purchase for investment, vacations, or other visits of less than six months.
  • Resident foreigners who also are non-U.S. citizens, but are recent immigrants (or in the country for less than two years) or temporary visa-holders residing for more than six months for professional, educational, or other reasons.

The report contains some interesting information. Here are a few excerpts:

  • “Amid slower economic growth in many countries and the strengthening of the U.S. dollar, fewer non-resident foreigners purchased U.S. residential properties while resident foreigners stepped up their purchases. Meanwhile more U.S. domestic clients searched for properties abroad…
  • Foreign buyers purchase $102.6 billion of residential property from April 2015 – March 2016, a decrease from $103.9 billion in the previous 12-month period…
  • Non-resident foreigners accounted for 41% of foreign buyers while resident foreigners made up 59%. In past years, the number of foreign buyers was split almost evenly between resident and non-resident foreign buyers…
  • Foreign buyers typically purchase more expensive properties…
  • 45% of foreign buyers who purchased residential property came from China ($27B), Canada ($8.9B), India ($6.1B), the United Kingdom ($5.5B), and Mexico ($4.8B)…
  • Non-resident foreign buyers made up the bulk of buyers from Canada and the United Kingdom while resident foreign buyers came from China, India, and Mexico…
  • Although foreigners purchased property nationwide, five states accounted for 51% of total residential property purchases: Florida (22%), California (15%), Texas (10%), Arizona (4%), and New York (4%)…
  • 72% of non-resident foreigner buyers purchased the property as a vacation and/or residential rental property for investment while 21% of resident foreign buyers purchased the property for vacation and/or rental use…
  • 50% of reported transactions were all cash…
  • Previous client contacts and referrals accounted for 47%….”
  • Florida and Arizona attracted buyers from Latin America, Europe, and Canada who tend to purchase properties in warm climates for vacation purposes…
  • The outlook for international real estate activity in the U.S. remains positive. The decline in the value of the British Pound following Brexit is likely to mean fewer buyers from the United Kingdom. However, businesses and foreign real estate investors may choose to stay away from the United Kingdom, and the United States could become an attractive alternative.”

Corps to Cut Back Lake O Releases

SCCF logoAs reported on line yesterday (July 14) by the Sanibel-Captiva Conservation Foundation (SCCF):

“Some good news — the U.S. Army Corps of Engineers has granted the request made during this week’s Periodic Scientists Call to reduce flows from Lake Okeechobee to 2,800 cfs measured at the Franklin Lock from last week’s average 4,158 cfs. Flows to the St. Lucie will be reduced to 650 cfs.  There should be some improvement in water clarity because of the reduction — but that would also require that rainfall not be heavy enough to increase the amount of runoff from the Caloosahatchee’s own watershed.

“SCCF participates in a weekly conference call with the Army Corps and South Florida Water Management District as part of a local stakeholders group, which also includes J.N. “Ding” Darling National Wildlife Refuge, the City of Sanibel, Lee County, the Town of Fort Myers Beach and the City of Cape Coral.  As part of this process, the partners prepare a weekly Caloosahatchee Conditions Report.  During this week’s call, stakeholders requested a slowdown on the lake releases.

You can find the reports on our website.”

In other SCCF news, their Natural Resource Policy Director Rae Ann Wessel spoke at a congressional hearing yesterday in DC on the water quality crisis in Southwest Florida and St. Lucie, Martin and Palm Beach counties on Florida’s east coast. In part, she said:

“We need to recognize this is a national issue requiring science that informs and directs public policies to protect the natural resources in our backyard,” Wessel testified. “This is an economic crisis as well as an environmental one, with 47,000 jobs in our $3 billion tourism industry at stake. We must act now to stop the harmful algal blooms that extend over 35 miles of the Caloosahatchee as we speak. We ask four things of Congress today. Bring greater science to bear in seeking solutions. Pass WRRDA (The Water Resources Reform and Development Act of 2016). Continue the Tamiami Trail bridging. Accelerate the implementation of the CERP (Comprehensive Everglades Restoration Plan) project to store water in the Everglades Agricultural Area (EAA) south of Lake Okeechobee. These four actions will provide the greatest impacts for resolving the water quality crisis on Florida’s two coasts.”

The Interagency Working Group hearing was the start of “Lagoon-Gulf Action Day” on Capitol Hill. Participating agencies included:

U.S. Environmental Protection Agency (EPA)

Centers for Disease Control and Prevention (CDC)

National Aeronautics and Space Administration (NASA)

United States Geological Survey (USGS)

National Oceanic and Atmospheric Administration (NOAA).

Sanibel & Captiva Islands Multiple Listing Service Activity July 8-15, 2016

Sanibel

CONDOS

No new listings.

3 price changes: Sanibel Arms #F2 1/1 now $515K, Sandpiper Beach #203 2/2 now $699K, Tanglewood #1A 3/2 now $1.1479M.

No new or closed sales.

HOMES

1 new listing: 4428 Waters Edge Ln 3/2.5 $1,299,999.

5 price changes: 1746 Windward Way 3/2 now $540K, 810 Elinor Way 3/2 now $649K, 519 Kinzie Island Ct 3/2.5 now $1.395M, 513 Lighthouse Way 3/3 now $1.929M, 1306 Seaspray Ln 3/4 now $3.895M.

3 new sales: 726 Cardium St 3/3 listed at $775K, 760 Windlass Way 3/3 now $979K, 2251 Starfish Ln 4/3.5 listed at $1.295M.

2 closed sales: 2407 Shop Rd 3/1 $330K, 1317 Eagle Run Dr 4/3.5 $1.075M.

LOTS

No new listings or price changes.

1 new sale: 1242 Anhinga Ln listed at $525K.

1 closed sale: 2988+2993 Wulfert Rd $799K.

Captiva

CONDOS

1 new listing: Bayside Villas #4214 1/2 $317.5K.

No price changes, new or closed sales.

HOMES & LOTS

Nothing to report.

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

Scott shared this sunset photo too! It’s a beauty!

Sunset 07-09-16

Thanks again, Scott ! Here’s hoping everyone’s weekend sunsets are beautiful too!

TGIF! Susan Andrews, aka SanibelSusan

Just Another Gorgeous Friday on the Islands


All’s well again this week on sunny Sanibel Island.

Dolphin 11-6-15

It has continued to be unseasonably warm and there were a few showers on Tuesday while SanibelSusan was out showing property. Rumor has it that a cooler/dryer front arrives this weekend for a couple of days, when temperatures will drop all the way down to the low 80’s during the day, but back into the mid-80’s next week.

SanibelSusan Realty Happenings

Beach walk at Sanibel Moorings

Beach walk at Sanibel Moorings

Several of our listings had good showings this week. I showed several condos at both Sanibel Moorings as well Mariner Pointe and wrote a sight-unseen offer that was accepted on a canal-front pool home.

Yesterday, there was a Realtor Caravan meeting followed by tour of new listings. Only four new listings were held open which is fewer than usual for this time of the year. The SanibelSusan Team held open our new listing at Coquina Beach #3G.

Beach walk at Coquina Beach

Beach walk at Coquina Beach

Below are a few news items followed by the activity posted in the Sanibel and Captiva Multiple Listing Service since last Friday.

Upcoming Island Events

Check out the “Upcoming Island Events” tab on www.SanibelSusan.com for a complete list. Here are some scheduled this month:

Tomorrow – Nov 14 – Free Admission at Bailey-Matthews National Shell Museum – to celebrate their 20th anniversary. Open 10 a.m. to 5 p.m.bailey-mathews shell museum sign

Tomorrow – Nov 14 – 2nd Annual Sanibel-Captiva Lions Club Eye Ball – at The Community House from 5 to 9 p.m. with all proceeds going directly to charity. This year, they will go to SE Guide Dogs.

sccfTomorrow – Nov 14 – Wines In The Wild – SCCF’s (Sanibel-Captiva Conservation Foundation’s) annual wine tasting fundraiser with silent and live auctions. Held at the SSCF Nature Center from 6 to 8 p.m., call SCCF for reservations (472-2329). Tickets $75 in advance or $85 at the door.

Mon – Nov 16 – “A Home of Our Own” – F.I.S.H. of Sanibel-Captiva, Inc. open house to introduce their new building and provide info on what F.I.S.H. does for the community, 2430 Periwinkle Way from 1 to 3:30 p.m.Fish

Tues – Nov 17 – SanCap Solar Connect Solar Community Meeting – Residents of Sanibel and Captiva Islands will be able to realize savings on solar energy conversion through the collective buying power of SanCap Solar Connect, an initiative designed by “Ding” Darling Wildlife Society-Friends of the Refuge (DDWS). Based on a number of successful initiatives in other states, it is the first-ever community-driven solarize program in Florida. The next informational Solar Community meeting will take place on Tuesday, Nov. 17, at 5:30 p.m. in the “Ding” Darling Visitor & Education Center auditorium. Refreshments will be available. No reservations are necessary to attend the meeting. Another meeting is scheduled for Thursday, Dec. 3, at the same time and place. Representatives from Urban Solar, SanCap Solar Connect’s installation partner, and DDWS will be on hand at the meeting to explain how the program works and answer questions. Residents and businesses will be able to schedule free, no-commitment analyses with Urban Solar to receive a bid for installation costs and information on the advantages of a solar energy system. Go online at www.SanCapSolarConnect.org to sign up for a free evaluation or to receive informational emails.

Wed – Nov 18 – CASI Breakfast – Condominium Associations of Sanibel, Inc. upcoming breakfast meeting at The Sanctuary Clubhouse at 8 a.m. will include a presentation of the results of a study commissioned by the Lee County Visitor and Convention Bureau about how improvements to accommodations increase revenues. Cost is $15 for condo board members and staff, $25 for all others. Call 239-334-2138 for reservations. (Sanibel property managers have said that their owners who have renovated have seen rental revenues increase $35K to $50K a year.)

jensen-s-twin-palm-resortSat & Sun – Nov 21 & 22 – Concerts to Raise Awareness for Water Quality – Musicians J. Robert Houghtaling, Brent Moyer, and Austin Church will perform on Sat at Jensen’s Twin Palm Marina from 4 to 6 p.m. Then on Sun from 1 to 3 p.m. on the porch of SCCF (Sanibel-Captiva Conservation Foundation) Nature Center. Along with music, SCCF scientists and policy staff will be on hand to answer questions about their studies and current issues in the water in the Caloosahatchee River and the estuaries cradled by Sanibel and Captiva.

Ding Darling Society logoSat – Nov 28 – Free ‘Ding’ Darling Kids Fishing Derby casts off on causeway Nov. 28. Kids who are able to hold their own fishing pole are invited to participate in the free 4th annual “Ding” Darling Kids Fishing Derby to be held at the Sanibel Causeway Islands Park (Island A) on Saturday, Nov. 28, 2015. J.N. “Ding” Darling National Wildlife Refuge and the “Ding” Darling Wildlife Society-Friends of the Refuge (DDWS) cosponsor the event. Registration begins at 8:30 a.m. on the causeway, and ages 15 and younger start fishing at 9 a.m. and finish at 11 a.m. Awards ceremony is at 11:30. Judges will record catches during the fishing session. Once the results are tallied, they will award winners in two age groups: 10 to 15, and 9 and younger. Based upon total inches of fish caught, the refuge will award first, second, and third place prizes, plus awards for the largest and smallest fish hooked in both age categories. Participants should bring fishing poles, but the refuge will provide a limited number of loaner poles for those who do not have their own equipment. Bait will be provided. Throughout the day, volunteers and staff will teach fishing skills and safe, ethical fishing practices. The event is made possible also by support from the Trophy Case, Sanibel Island Fishing Club, and Lee County Parks & Recreation.

News Corp Upbeat on Real Estate

realtor.comFrom “DAILY REAL ESTATE NEWS” on Monday, November 9, 2015:

“In its latest earning call, media giant News Corp, also the owner of realtor.com®, singled out its stake in housing market investments as the bright spot in its earnings. News Corp’s income from continuing operations reached $143 million in the first quarter compared to $109 million in the prior year

““News Corp is on track in its transition to a more digital and global future, having successfully integrated several recent acquisitions and built a powerful platform for future growth,” said Robert Thomson, News Corp chief executive, on a recent earnings call. “We are focused on driving sustainable expansion of revenue and profit, and leveraging the potency of our brands, while diligently controlling costs to maximize long-term returns for all investors.”

“News Corp’s largest revenue generating segment, news and information services, provided the largest drag on revenue in the first quarter. But its profits were buoyed by a strengthening housing market.

“News Corp, owner of such titles as The Wall Street Journal and Barron’s, acquired Move Inc. and realtor.com® in November 2014, firming up its stake in the real estate arena. News Corp also has a majority ownership of the REA Group Ltd., a leading Australian residential property website.

“Thomson said during the call “we are particularly pleased with the momentum at realtor.com®, which is significantly ahead of schedule on key metrics.”

““We are now, by some reckoning, the world’s largest digital property listings company, and we see a particularly bright future in the sector, especially in the U.S. where we believe the national real estate market is still returning to health,” he said.

“In News Corp’s Digital Real Estate Services sector, revenues in the quarter rose $79 million or by 71% compared to the prior year. The jump in revenues was primarily due to the inclusion of the results of Move.

During the first quarter, Move’s revenues climbed 33% to $85 million from $64 million the year prior. Average monthly unique use of realtor.com®’s web and mobile sites for the quarter surged 43% year-over-year to about 46 million. That growth was mostly attributed to a 64% increase in its mobile users.”

The Housing Recovery’s Missing Link

realtor logoAs reported last Friday by NAR (National Association of Realtors®):

“The declining number of first-time home buyers in the market is the major missing piece in the housing recovery, says Lawrence Yun, the chief economist for the National Association of REALTORS®.

“Despite an uptick in home sales over the past year, the share of first-time home buyers in the housing market dropped for the third consecutive year, and remains at its lowest point in nearly three decades, according to the NAR 2015 Profile of Home Buyers and Sellers report.

“The increase in home sales over the past year has instead been driven by more repeat buyers with dual incomes, NAR’s report showed.

“The share of first-time buyers fell to 32% in this year’s survey; last year first-time home buyers represented 33% of the market share. The share of first-time home buyers this year is at its lowest point since 1987, when first-time home buyers represented 30% of the market.

“Historically, first-time home buyers typically represent nearly 40% of primary purchases.

““There are several reasons why there should be more first-time buyers reaching the market, including persistently low mortgage rates, healthy job prospects for those college-educated, and the fact that renting is becoming more unaffordable in many areas,” Yun says. “Unfortunately, there are just as many high hurdles slowing first-time buyers down. Increasing rents and home prices are impeding their ability to save for a down payment, there’s scarce inventory for new and existing-homes in their price range, and it’s still too difficult for some to get a mortgage.”

“Twenty-five percent of would-be first-time home buyers said that saving for a down payment was the most difficult task in home ownership, and 58% reported student loans in particular were delaying their ability to save.

““With a median amount of student loan debt for all buyers at $25,000, it’s likely some younger households with even higher levels of debt can’t save for an adequate down payment or have decided to delay buying until their debt is at more comfortable levels,” Yun says.

Repeat buyers were mostly using the proceeds from the sale of their primary residence as their top source for a down payment on their next home purchase – 53% this year compared to 47% last year.

““With first-time buyers stuck on the sidelines, the majority of sales activity in most parts of the country is coming from pent-up sellers taking advantage of rising home values in their neighborhoods and using their equity to trade up or move down,” says Yun.

“Married couples represented an increasing share of buyers: 67% of buyers were married couples (up from 65% last year). Married, repeat buyers have the highest income among all buyers too at $108,600.

“Meanwhile, single females have been a growing share of buyers the past few years but are showing signs of retreating. The share of single, female buyers fell from 16% to 15% in the latest survey.

““Similar to some of the obstacles facing first-time buyers, tight credit conditions and having less purchasing power than households with dual incomes likely led to the share of single-female buyers declining to its lowest since 2001 (also 15 percent),” Yun says.”

Sanibel & Captiva Multiple Listing Service Activity November 6-13

Sanibel

CONDOS

3 new listings: Seashells #28 2/2 $365K, Coquina Beach #1D 2/2 $599K, Lighthouse Point #312 3/2 $739K.

3 price changes: Sanctuary Golf Villages I #1-1 2/2.5 now $699K, Sanctuary Golf Villages I #2-2 3/3 now $775K, Clam Shell #C 2/2 now $999K.

2 new sales: Lighthouse Point #312 3/2 listed at $739K, Compass Point #111 2/2 listed at $1.159M.

No closed sales.

HOMES

5 new listings: 1125 Captains Walk St 3/3 $830K, 699 Anchor Dr 3/3 $985K, 812 Angel Wing Dr 3/3.5 $2.447M, 696 Kinzie Island Ct 4/5 $2.475M, 1272 Isabel Dr 4/4.5 $3.575M.

3 price changes: 1806 Ibis Ln 3/2 now $440K, 1380 Jamaica Dr 3/2 now $580K, 689 East Rocks Dr 3/3 now $778.5K.

3 new sales: 1774 Bunting Ln 3/2 listed at $539K, 842 Limpet Dr 4/3.5 listed at $1.495M (our sale), 2963 Wulfert Rd 4/6.5 listed at $2.795M.

1 closed sale: 1188 Harbor Cottage Ct 3/3 $840K.

LOTS

2 new listings: 9211 Dimmick Dr $174K, 2379 Wulfert Rd $325K.

1 price change: 5290 Punta Caloosa Ct now $299K.

2 new sales: Sabal Sands Rd, lot 8 listed at $219.9K; 2462 Wulfert Rd listed at $219.9K.

1 closed sale: 1243 Par View Dr $318K.

Captiva

CONDOS

1 new listing: Beach Homes #25 3/2 $2.395M.

3 price changes: Beach Villas #2416 1/1 now $519K, Beach Villas #2422 1/1 now $529K, Lands End Village #1665 2/2 now $1.05M.

No new sales.

1 closed sale: Bayside Villas #5310 3/3 $570K.

HOMES

No new listings.

2 price changes: 17130 Captiva Dr 4/4 now $3.998M, 16910 Captiva Dr 4/4 now $4.719M.

2 new sales: 11546/48 Wightman Ln 3/2.5 now $3.8M, 16660 Captiva Dr 5/5.5 now $16.5M.

No closed sales.

LOTS

Nothing to report.

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

Until next Friday, here’s to more sunny days… Susan Andrews, aka SanibelSusan

Sanibel 11-7-15

Friday at 2015 Florida Realtors Convention


Florida Realtors logoToday’s Friday blog is a little late and comes to you from the Florida Realtors Convention in Orlando. SanibelSusan teammates Elise and David have been covering things on the island this week since I headed north on Tuesday.

I spent all day Wednesday auditioning instructors for state-approved classes. We recommended several which we will vote on in commitee meeting tomorrow.

Yesterday, I attended a variety of technology and broker classses, plus attended the annual Keynote Awards Luncheon with entertainment by funny guitar virtuoso Mike Rayburn. There are some good recordings of him on YouTube.com.

Thanks to Florida Realtors and our convention work with Forms Simplicity, The SanibelSusan Team will be joining the electronic-signature age when I return to the island. Anyone with an email address will be able to sign our listing and sale contracts electronically, from computer, laptop, iPad, or smart phone. It’s pretty cool!

At the awards luncheon yesterday, several pals from Southwest Florida were recognized. Fort Myers Beach Realtor and friend, Cynthia Shafer, was awarded the state 2015 Humanitarian Award. For more than 20 years, Cynthia has volunteered helping children in Southwest Florida. Through the Guardian Ad Litem Foundation, 20th Judicial Circuit’s http://www.Voicesforkids.org, some years ago Cynthia started Beds for Kidz. With her husband, she spends weekends providing beds, sometime for the first time, to children in foster care. It was great to see this humble gal acknowledged for her efforts. Writing a check to Beds for Kidz makes me feel good as I know every penny and then some goes to children, often in dire need.

Today after acting this morning as Education Ambassador for two classes about financing, I attended the General Session where Lengendary Notre Dame football coach Lou Holtz was the motivational speaker. What a great presentation!

image

The Professionalism Forum met later this afternoon, while tomorrow, I have three more committee meetings (Professional Standards, Professional Development, and Resort & 2nd Home Specialist Forum) before heading back to Sanibel Sunday morning. To say, we come away from these meetings fired-up and inspired is an understatement.

This year our local leadership team convinced several real estate newbies to come to the convention. Great to hear them say “they are glad they came and have learned so much already.” With multiple educational sessions occurring simultaneously all-day every-day for four days, not to mention the numerous forums, subcommitte and committee meetings, everyone here has plenty of opportunity for personal development and business growth. I’ve already collected a couple of referrals.

Elise and Dave prepared the remainder of this update, which includes a new listing we received yesterday. Not a lot of local real estate sales action was reported this week, but our local association has a membership meeting next Thursday, where we hopefully will have more.

All over the state in the other resort markets, reports are that business is brisk, inventory is low, and many are worried that we won’t have enough product to sell this winter. Good news for our listings!

Sanibel & Captiva Multiple Listing Service Activity August 14-21

Sanibel
CONDOS
1 new listing: Sundial #B206 2/2 $579K (our listing).
1 price change: Tennispalce #E31 2/1.5 now $349.5K.
4 new sales: Sanibel Arms #B7 1/1 listed at $334,999; Mariner Pointe #951 1/1 listed at $449K; Island Beach Club #F230 2/2 listed at $649K; Nutmeg Village #209 2/2 listed at $720K.
3 closed sales: Sundial #C301 1/1 $282.5K, Captains Walk #B4 2/2 $305K, Oceans Reach #1A4 2/2 $925K (stats only).

HOMES
2 new listings: 1661 Sand Castle Rd 3/2.5 half-duplex $499K, 575 Piedmont Rd 3/2 $535K.
3 price changes: 1717 Sand Pebble Way 3/2 now $469K, 1644 Atlanta Plaza Dr 2/2 now $479K, 2010 Sunrise Cir 5/3 now $999K.
5 new sales: 987 Sand Castle Rd 4/3.5 listed at $675K, 430 Surf Sound Ct 3/2 listed at $805K, 1198 Harbor Cottage Ct 3/3 listed at $899K, 2981 Wulfert Rd 4/4.5 listed at $1.54M, 1137 Golden Olive Ct 5/3.5 listed at $2.175M.
1 closed sale: 1409 Causey Ct 3/3 $575K.

LOTS
2 new listings: 5706 Sanibel Captiva Rd $499K, 5048 Joewood Dr $625K.
No price changes.
1 new sale: 592 Sea Oats Dr listed at $339K.
No closed sales.

Captiva
CONDOS
No new listings, price changes, or new sales.
1 closed sale: Marina Villas #707 2/2 $555K.

HOMES
No new listings or price changes.
1 new sale: 16785 Captiva Dr 3/3.5 listed at $1.395M.
1 closed sale: 1105 Tallow Tree Ct 3/3 half-duplex $1.75M.

LOTS
Nothing to report.

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

Until, next Friday! Susan Andrews, aka SanibelSusan

Summertime Real Estate Report from Sanibel & Captiva Islands


It’s SanibelSusan reporting the third week of “summer quiet” in the Sanibel and Captiva Islands real estate business. I have heard some interesting behind-the-scenes comments about how things have changed here this year. There definitely is a change in occupancy with accommodations mostly at capacity and the island busy, just busy having fun and not viewing or buying or listing real estate.

This week the “Periwinkle Way late-day traffic jam” reappeared. That usually is only during the winter months from about 3 to 7 p.m. when the islands are full and day workers are leaving. It is when traffic gets backed up at the 4-way stop. Typical late afternoon summer showers may have contributed to this extra summer traffic with more visitors on the road once the sun disappears.

The July 4th festivities last weekend were well attended, with a big turn-out at SanibelSusan Realty for the parade. Here are a few photos, some taken by my cell phone, but the good ones are credited to our pal, Scott Shew, who always is great about sharing his pictures. Thank you, Scott.

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As the week progressed, Scott shared a few more photos. These two at Ding Darling he said were taken when the no see-ums were out in full force so the bird in the second one might be dunking to avoid them.

SZ6A0394

SZ6A0404

Below are a few news items followed by the action posted in the Sanibel and Captiva Multiple Listing Service over the last seven days, there wasn’t much!

Heat Wave Sweeps Through Housing Market

realtor.comFrom Realtor®Mag’s “DAILY REAL ESTATE NEWS”:

“The housing market is getting hotter this summer, according to a preliminary analysis of June data from realtor.com®. The median list price nationwide in June rose 7% year-over-year, reaching $233,000. The median days on the market is 66 days, also down 7% year-over-year. Also, inventories are growing faster – 4% higher in June over May, but still down over last year. (That’s the case nationally, but not on Sanibel and Captiva where inventory is very low.)

“”Our early read of real estate trends in June suggests good news ahead for the U.S. residential real estate market, especially in the hottest markets with healthy growth in supply,” says Jonathan Smoke, realtor.com® Chief Economist. Traffic and searches on realtor.com® continued to set new highs in June. Unique users for June are now on pace for at least a 40% growth year-over-year and visits and searches at realtor.com® are expected to surge more than 50% and 30%, respectively, Smoke says.”

Economists Pinpoint Inventory Shortage Causes

wall street journalAs follow-up to the last article, this one based on The Wall Street Journal, June 26, has some answers:

“Inventories of homes for-sale remain low due to home owners staying put and homebuilders still keeping supplies tight, economists said during a panel discussion at the National Association of Real Estate Editors’ annual conference.

“Homes listed for resale in May were at a 5.1-month supply at the current sales pace. Most economists consider a supply of six to seven months to be balanced and healthy for the market.

NAR gray-logo“Economists at the National Association of Real Estate Editors’ annual conference pointed to several factors that are preventing sellers from putting their homes up for sale. Lawrence Yun, chief economist of the National Association of REALTORS®, blamed the bulk of the inventory shortage on the lack of new construction. “We will still have an inventory shortage if builders won’t build,” Yun said. “It is just simple math.”

“Other economists during the panel also said the persistent lack of equity four years into the housing recovery for a large number of home owners continues to prevent many would-be sellers. About 5 million homes in the U.S. — or 10% — are underwater, valued at less than the mortgage.

“Also, some home owners may be reluctant to sell partly because they refinanced in recent years at interest rates of less than 4% and they don’t want to give up those low rates, says Frank Nothaft, CoreLogic’s Chief Economist.

“The economists also noted a significant increase in single-family homes being offered for rent that have dented the overall supply of homes for-sale too. Nothaft estimates that since the downturn investors have purchased 3 million single-family homes and converted them into rentals.

“Other economists at the session also noted that stringent mortgage standards, prohibitive land costs, and limited lending to small builders was also prompting a lower supply of homes for sale.”

Study: Biggest Opportunities in Boomer Market

We aren’t giving up on those baby boomers just yet. They definitely are the largest market segment on the islands. Here’s what “DAILY REAL ESTATE NEWS” said about them last Wednesday:

House canary logo“Though the real estate industry has made it a mission to bring Millennials into home ownership in recent years, a new study by research firm HouseCanary suggests we not ignore an inconvenient truth: Baby boomers have the buying power.

“The study raises questions about how wise it is to focus on Millennial buyers, given their economic limitations. If interest rates — which are expected to keep ticking up this year — were to increase to 6%, more than one in three Millennials would no longer be able to afford a home at their current prices, HouseCanary found. Millennials are carrying high debt with limited savings, and their career growth has been slow.

But baby boomers have fueled the housing market for decades as the biggest drivers of growth in the entry-level market in the 1970s and ’80s, as well as the move-up market in the ’90s and 2000s. Boomers aren’t slowing down: They’re expected to continue to drive household growth over the next 20 years “due to significant wealth and high home ownership rates,” according to HouseCanary. Over the past year alone, baby boomers accounted for 244% of household growth annually.

“”The vast imbalances in wealth and home ownership among baby boomers and Millennials are resulting in wide disparities in the demand for home buying versus renting,” says HouseCanary President JP Ackerman. “Our analysis indicates that rising interest rates and home prices will exacerbate the situation, as the Millennials’ ability to purchase homes will be severely jeopardized as monthly payments get further out of reach.”

“HouseCanary CEO Jeremy Sicklick says his company’s research indicates greater opportunity for developers to target the aging population with for-sale inventory while targeting the younger generation for-rent inventory.”

New Fire Station on Captiva

new-Captiva fire stationThe grand opening of the new fire station on Captiva is scheduled for Sat, July 18, from 10 a.m. until noon. The public is invited. It also is the 60th anniversary of the creation of the Captiva Island Fire District. During that time, it has transformed from a volunteer bucket brigade to a squad of highly-trained professionals with equipment for not just fighting fires but also for advanced life support. Congratulations!  www.CaptivaFire.com

Sanibel & Captiva Multiple Listing Service Activity July 3-10

Sanibel

CONDOS

3 new listings: Tennisplace #D31 1/1 $239K, Heron at The Sanctuary III #1B 3/2.5 $650K, Nutmeg Village #309 2/2 $799K.

No price changes.

1 new sale: Colonnades #15 1/1 listed for $225K.

3 closed sales: Sunset South #2D 2/2 $500K, Breakers West #C2 2/2 $522.5K, Nutmeg Village #214 2/2 $920K.

HOMES

2 new listings: 976 Sand Castle Rd 3/3 half-duplex $495K, 3402 West Gulf Dr 3/2 $2.2M.

No price changes.

1 new sale: 1774 Bunting Ln 3/2 listed for $539K.

1 closed sale: 1325 Par View Dr 3/2.5 $695K.

LOTS

No new listings or price changes.

1 new sale: 2460 Library Way listed for $324.9K.

No closed sales.

Captiva

CONDOS

2 new listings: Bayside Villas #5144 1/2 $299.9K, Ventura Captiva #1B 2/2 $1.35M.

1 price change: Bayside Villas #5310 3/3 now $585K.

No new or closed sales.

HOMES

No new listings.

2 new sales: 16785 Captiva Dr 3/3.5 listed for $1.395M, 1105 Tallow Tree Ct 3/3 half-duplex 3/3 listed for $2.0449M.

1 closed sale: 16512 Captiva Dr 7/5.5 $6.525M.

LOTS

Nothing to report.

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

Good weekend wishes to all. Little rain is expected here over the next few days, so no traffic jams expected! Here’s hoping the sunsets are as beautiful as this one. (Thanks, Melissa!)

Melissa Sunset 07-09-15

Cheers! Susan Andrews (aka SanibelSusan)