Great Weather, Great Traffic, Great White Pelican, & Great Leaders

Great weather, great traffic, a Great White Pelican, and great effort by Sanibel Mayor Kevin Ruane and other Southwest Florida leaders. Read about it all here this week.

Below are a few news items collected by SanibelSusan, followed by the action this week in the Sanibel and Captiva Islands Multiple Listing Service.

Sanibel & Captiva Real Estate

Only two sales were announced at our Realtor® Caravan Meeting yesterday, but many price reductions. It’s that time of the year. Here’s a summary of Sanibel’s residential inventory today. Sales are chugging along nicely.

CONDOS – No. – Average Price – Average DOM

For Sale – 101 – $745,450 – 242

Under Contract – 29 – $930,824 – 205

Sold/Closed To-date 2016 – 27 – $677,736 – 228

Sold/Closed in 2015 – 160 – $701,088 – 298

Sold/Closed in 2014 – 164 – $650,418 – 286

HOMES – No. – Average Price – Average DOM

For Sale – 157 – $1,373,993 – 225

Under Contract – 39 – $1,026,413 – 163

Sold/Closed To-date 2016 – 23 – $952,727 – 214

Sold/Closed in 2015 – 236 – $912,744 – 255

Sold/Closed in 2014 – 206 – $838,672 – 265

Note:    DOM = days on market

Sanibel & Captiva Weather Today

Sun clip artYes, the weather has been extraordinary – sunny days with mid to high 70-degree temperatures during the day with more of the same expected in the days to come.

The forecast for the next week has daytimes as warm as 81 degrees and evenings as cool as 61 degrees. How perfect is that?

79th Annual Sanibel Shell Festival

HeatherYes, it has contributed to traffic delays yesterday and today, but the 79th Annual Sanibel Shell Festival is well worth it.

MindyRecord crowds are attending the event at The Community House across the street from Sanibel Square and our office. It winds up tomorrow (Sat) from 9 to 4 p.m.  If you are on the island be sure to get there before it closes.

Congratulations to our friends who have garnered ribbons. You know who you are.

Great White Pelican Sightings

Our photographer friend, Roberta Schuldenfrei, was beside herself this week after seeing the ‘Ding” Darling refuge’s newest visitor, a Great White Pelican. It was reported that when this pelican appeared on Sunday, it may have been the first North American sighting of this bird which usually is found only in parts of Africa, Europe, and Asia.

Word of its arrival spread quickly through the birding community with the refuge reporting record numbers of visitors as a result. Park rangers say that they don’t know why the Great White Pelican is here or where it came from. They say that it has not been banded or clipped which would indicate that it escaped from somewhere. They don’t know where it came from. Maybe it took a vacation – we know lots of snowbirds do that.

The Great White Pelican looks somewhat like the White Pelican that is a common winter resident at the refuge, but it is much larger. It feeds the same way as the White Pelicans and mingles with them. It has been seen at various points along Wildlife Drive at low tide.

The Great White is a bit pinker or rosier than the White Pelicans, according to Wikipedia, and their wing span can be from 7 to almost 12 feet.

Great White Pelican

Photo from Facebook page of Ding Darling Wildlife Society – Friends of the Refuge with photo credit to Tammy McQuade

Mayors’ Progress on Water Releases

Sanibelcityseal logoAs reported in the “Island Sun” today, “Less than 24 hours after returning from Washington D.C., Sanibel Mayor Kevin Ruane and two of his fellow mayors – Marni Sawicki of Cape Coral and Randy Henderson of Fort Myers – joined three additional Southwest Florida leaders for a 2-hour workshop to discuss the progress they made in the nation’s capital regarding ongoing water issues.

“On Feb 26, Ruane, Sawicki and Henderson were joined by mayors Ben Nelson of Bonita Springs, Anita Cereceda of Fort Myers Beach and Nick Batos of Estero at MacKenzie Hall, Sanibel, where the group – along with Lee County Commissioner Brian Hamman – talked about the 19 meetings they had over the course of three days in Washington….

“The trio of Lee County mayors met with Florida’s congressional delegation – including local representative Curt Clawson – as well as Senator Bill Nelson, the U.S. Senate Committee on Environment and Public Works, the U.S. Senate Appropriations Committee and the Energy and Water Subcommittee of the U.S. House of Representatives Committee on Appropriations.

“We are committed to global solutions across geographic and partisan barriers. We continue to coalesce around long-term solutions that acquire land and move waters from Lake Okeechobee south,” Ruane reported after the 2nd day of meetings in Washington. “All of our meetings have been very productive and interactive. We are meeting in round-table formats with congressional members and their staffs. Our goal is not to just be heard but to obtain commitments to fund long-term solutions.”…

“Statement of the Problem

“The coastal communities of Lee County are once again being devastated by freshwater discharges from Lake Okeechobee and the Caloosahatchee watershed. Damaging high-volume freshwater releases are impacting the ecology of local waters, the quality of life for its citizens, the strength of area businesses, and it continues to have a lasting effect on the local economy.

“According to the mayors, these impacts are occurring as a direct result of inadequate water storage within the Kissimmee, Lake Okeechobee and Caloosahatchee watersheds and the inability to effectively move water south into Everglades National Park and Florida Bay.

“Record rainfall throughout South Florida associated with strong El Nino conditions this winter have resulted in the level of Lake Okeechobee approaching 16.5 feet. To protect the communities that surround Lake Okeechobee, the U.S. Army Corps of Engineers is conducting high-volume regulatory releases from the lake to the coastal estuaries, with the Caloosahatchee on the west coast and the St. Lucie on the east.

“For nearly a month, weekly average freshwater flows to the Caloosahatchee have been more than three times the high-flow harm threshold (9,000 cubic feet per second) and are producing lethal conditions for oysters and other economically important fish species within the estuary. The discharges are also generating a freshwater plume extends throughout Pine Island Sound and into the Gulf of Mexico, blanketing Lee County’s beaches and coastal communities with dark,, nutrient-laden water that is devastating the local tourism-based economy.

“At the workshop, each of the mayors made a pledge to inform their respective council members to ensure that everyone is “on the same page”….

“Environmental Impacts

“James Evans, Sanibel’s department of natural resources director, reported that as of Friday morning, Lake Okeechobee stood at 16.36 feet. With the freshwater flows out of the lake, ordered by the U.S. Army Corps of Engineers, the lake level dropped approximately 1.4 feet over the last week. However, 77% of the water coming out of the lake is directed toward the Caloosahatchee.

“Evans also noted that those freshwater releases will harm the upcoming spawning season for several marine species. However, this year’s plume only extends about one mile offshore from Lighthouse Beach towards Fort Myers Beach. The freshwater plume which occurred in the summer of 2013 extended more than 12 miles out into the gulf.

“Our goal is to find every opportunity for land to store water,” said Evans. “We need to be planning 10 years in advance for what happened this year….”

Lake O Releases Being Reduced

US Army Corps logoGood news on The U.S. Army Corps of Engineers website yesterday:

‘The U.S. Army Corps of Engineers Jacksonville District will reduce the amount of water flowing from Lake Okeechobee beginning this weekend.

“Starting Friday (March 4), the new target flow for the Caloosahatchee Estuary is 4,000 cubic feet per second (cfs) as measured at Moore Haven Lock (S-77) located in the southwest part of the lake.  The new target flow for the St. Lucie Estuary is 1,800 cfs as measured at St. Lucie Lock (S-80) near Stuart. Additional runoff from rain in the St. Lucie basin could occasionally result in flows that exceed targets.

““Lake levels have been falling as a result of water releases, decreased inflows, and drier conditions,” said Jim Jeffords, Jacksonville District Operations Division Chief.  “Although the lake is still uncomfortably high for this time of year, our water control plan calls for lower flows based on current conditions.  If the lake starts rising again, we may have to increase flows; it all depends on the weather.”

“Today, the lake stage is 15.83 feet, down more than a half foot since it peaked at 16.40 feet on February 8.  The Corps will continue to monitor conditions and adjust flows as necessary to balance the competing needs and purposes for water in Lake Okeechobee.

“Additionally, Jacksonville District water managers are updating the formula used to calculate water flows through the spillway gates at the St. Lucie Lock structure.  When drier conditions took hold during the latter part of February, water managers noticed an anomaly.  In working with the U.S. Geological Survey (USGS), engineers determined that the reported flows through the spillway exceeded actual flows by 1,500-2,500 cfs.

“Our reported flows exceeded what was actually passing through the spillway gates,” said Jeffords. “At our request, the USGS conducted downstream measurements at St. Lucie and we have updated our formulas for computing discharge rates accordingly.  We recognize the importance of this information and want to be sure it’s as accurate as possible.”

“For more information on water level and flows data for Lake Okeechobee, visit the Corps’ water management website at http://www.saj.usace.army.mil/Missions/CivilWorks/WaterManagement.aspx. “

Surprising Tax Credits for Homeowners

From Realtor®Mag on-line yesterday. Also on www.energy.gov :

Homeselfe - Logo

About Homeselfe: Homeselfe is the most comprehensive and innovative do-it-yourself home energy evaluation in the marketplace allowing energy conscious homeowners to reduce their overall consumption. Homeselfe is the number-one tool in leading America’s progression towards combating rising energy costs, cleaner sources of energy, and protecting the environment. Founded in 2014, Homeselfe was created as a patent pending technology from Energy Datametrics, one the leading providers of cutting-edge energy efficient software and technology services. Website: http://www.homeselfe.com, Facebook: http://www.facebook.com/homeselfe, Twitter: http://www.twitter.com/homeselfe (PRNewsFoto/Homeselfe)

“Homeselfe, a home energy assessment app and web service for homeowners, recently released a list of several significant tax credits available to those who made energy efficiency upgrades to their homes in the 2015 tax year.

““If you upgraded your home in 2015 by adding insulation, one of the most cost-effective upgrades you can make, you already know you are saving on your utility bills every month plus you may be eligible for a tax credit on that investment,” said Ameeta Jain, co-founder and spokesperson of Homeselfe.

“The company says homeowners can earn up to $500 on their return by taking into account small upgrades made last year, including:

  • Biomass stoves
  • Heating, ventilation, and air conditioning
  • Advanced main air-circulating fans (tax credit amount of $50)
  • Insulation (10% of the cost, up to $500)
  • Roofs (metal and asphalt)
  • Water heaters (non-solar earns a tax credit of $300)
  • Windows, doors and skylights (tax credit amount is 10% of the cost excluding labor)

“Homeselfe includes flowcharts and other information to help homeowners determine whether they qualify for energy-related tax credits. “Not taking advantage of that is throwing away your hard-earned cash. We want to empower families to receive the maximum refund allowed on their tax returns by providing them insight into the energy credits that are available,” says Jain.”

Source: “Do You Qualify for A Home Energy Tax Credit?” Homeselfe (Feb. 10, 2016)

The Power of Pets

PetsAs a dog lover and because it was my grand-dog’s birthday this week, I got a kick out of reading this article in Wednesday’s Realtor®Mag. We recently had a home listing go under contract to a condo owner who wanted to move to a home so that she could get a dog. This article describes how times are changing.

“The real estate business traditionally has shown scant love for pets. The conventional wisdom held that sellers should conceal all traces of their dogs or cats—the toys, bowls, beds, even the animals themselves—when prepping a home for sale. But those hardline messages are clearly softening, as pets become a plus in the marketing of homes for sale.

“The reason for the shift has a lot to do with the numbers: Pet power is rising. Currently 65% of households own a pet, up from 56% in 1988. A record-breaking 79 million U.S. households now own a pet, according to a recent survey of pet owners by the American Pet Products Association. Indeed, 83% of pet owners consider their pet to be a member of the family, according to a Packaged Facts research report.

“For real estate practitioners, addressing that pet love means helping buyers scout for homes that meet the needs of their pets or working with sellers to leverage their home’s pet appeal.

“In fact, pet-friendly agents have found one another—and consumers—on a growing national social platform called the Pet Realty Network. The network, launched in 1997, now boasts about 300 members who pay $30 annually to be included in the directory and can add to its pet-friendly listings.

““I think the days of hiding your pet are over,” says Rhona Sutter, sales associate with Downing Frye Realty Inc. in Naples, Fla., and founder of the network. “You may not want the boisterous Labrador running to the door to greet a home buyer, but quite honestly, a home that is pet-friendly is an advantage for a house nowadays.”

“The pet advantage is notable at every price point. For a $5 million listing in 2013, the Boutique Real Estate Group in Corona Del Mar, Calif., produced a video showing off a luxury 6,300-square-foot, six-bedroom home all from the perspective of a French bulldog named Rocco. The bulldog even wore a custom-made suede collar in the video, inscribed with the property’s URL,49GoldenEagle.com. Raj Qsar, owner of The Boutique Real Estate Group, says the idea to star Rocco in the video, which came about after the dog took a liking to his team as they toured the space, helped him secure the listing. “They loved the idea,” he says.

“Joining the pet craze, home builders are touting pet-accommodating floor plans, such as those with pet nooks in mudrooms. Also, luxury condo buildings are marketing amenities to pet-loving households, offering rooftop pet parks and spas (complete with “pawdicures”), dog-bone-shaped swimming pools, pet fitness yoga classes and treadmill sessions, and even “yappy hours” social mixers.

“Coldwell Banker last year launched a national campaign called “home’s best friend,” teaming up with AdoptAPet.com. Its brokerages partnered with shelters and rescue groups to hold events nationwide in an effort to find homes for 20,000 adoptable dogs.”

8 Bad ‘Home Improvement’ Habits

This Old House logoThis was posted on “Daily Real Estate News” last Friday.

“Home owners can overdo it when it comes to the upkeep of their home. This Old House recently spotlighted several ways that home owners’ enthusiasm for home ownership may actually harm the house.

  1. Having light bulbs that are too bright. You want a well-lit home, but exceeding a lamp or light fixture’s recommended wattage can be dangerous, particularly with incandescent or halogen lights, says John Drengenberg, consumer safety director for Underwriters Laboratories. “Using a bulb with too-high wattage will cause the fixture and its wiring to overheat,” he notes, which could then allow the heat to travel to the wall or erode the insulation on the wires and lead to a house fire. Check the fixtures label to make sure you use the correct wattage.
  2. Planting trees near driveways or walkways. A line of trees to the house may up its curb appeal but adding young trees near driveways or walkways could be putting your slab at risk. As these trees grow taller, their roots will go outward, potentially pushing up the paving and causing it to buckle or crack. This Old House recommends planting small trees that will remain under 20 feet at maturity and that are at least 10 feet from paved areas. For larger trees, leave at least a 20-foot radius.
  3. Over scrubbing a sink. Don’t overdo it with abrasive cleaners; they can scratch the sink. “Cleaners with a grit or grain to them will wear away at the finish and dull it,” Kohler‘s Mike Marbuch told This Old House. “That will make the sink more prone to gunk sticking to it—actually making it look dirtier.” Try a liquid cleanser like vinegar or lemon juice on the sink and avoid scrubbing it every day.
  4. Overdoing it with can lights. Excessive recessed lighting in a home can cause a lot of air leaks. Recessed lighting is known as causing heat-sucking air leaks, especially when the fixtures are unsealed in vaulted ceilings. Airtight recessed lighting fixtures are available that are rated for insulation contact (IC). Also, use as few recessed lights as you can, especially when it comes to adding them to cathedral ceilings or in rooms directly below unconditioned attics.
  5. Spreading too much mulch outside. “Over-mulching will suffocate plants, confuse their root systems, and prevent water from percolating into the soil,” notes the article at This Old House. “If you’ve mulched so much that tree trunks and flowers’ and shrubs’ lower branches are covered by or dragging in it, you’ve gone overboard.” Have mulch no thicker than 3 inches.
  6. Using glass cleaner on mirrors. Watch out for store-bought sprays that promise to make your glass sparkle. “A drop of liquid running around the mirror’s edge can cause the reflective backing to lift or craze,” This Old House notes. The black edge can occur from using ammonia- or vinegar-based cleaners. This Old House recommends using warm water and a soft, lint-free cloth to clean mirrors. Or if you do use the sprays, spray it onto a dry cloth first and not directly onto the glass.
  7. Repainting too much. “Excessive paint is detrimental – especially on an older house, which may have layers of thicker oil-based paint, which becomes brittle with age,” notes This Old House. To avoid thick, cracked, or peeling paint, be sure to carefully power-wash prior to painting, sand areas that need it, and then use 100% acrylic-resin exterior paint.
  8. Fertilizing too much. Fertilizing too often can spur more weeds to grow. Also, the Environmental Protection Agency warns over-fertilizing can cause “nutrient pollution,” which is when nitrogen and phosphorus runoff from lawn fertilizers and then leads to an overgrowth of algae that can even pollute local waterways. Some lawn experts recommend only fertilizing twice a year, late summer and fall only.”

Source: “19 Ways You’re Killing Your Home With Kindness,” This Old House (February 2016)

Tickets for BIG ARTS Community Chorus Spring Concerts

BIG Arts logoIf you are looking for a little listening pleasure at the end of the month, the time is now to get your tickets for the BIG ARTS Community Chorus Spring Concert. Since the group’s two evening performances have sold out in recent years, this year an afternoon matinee has been added to the schedule.

Celebrating the 400th anniversary of William Shakespeare, the program includes tunes from Broadway to merry old England with songs from around the world including selections from West Side Story, Kiss Me Kate, and a special commissioned piece by composer Gregory Brown.

Tickets are available now at the BIG ARTS Box Office. $10 for adults. Kids and students are free. Performances are in BIG ARTS Schein Performance Hall on Mar 29 at 7 p.m., Mar 30 at 2 p.m., and Mar 31 at 7 p.m. SanibelSusan sings with the altos and with the Ensemble too. Hope to see you there!

2016 Spring Concert Flier

Sanibel & Captiva Multiple Listing Service Activity February 26 – March 4, 2016

Sanibel

CONDOS

4 new listings: Mariner Pointe #733 2/2 $529K, Loggerhead Cay #402 2/2 $595K, Donax Village #14 2/2 $569K, Loggerhead Cay #181 2/2 $725K.

9 price changes: Seashells #38 2/2 now $375K, Mariner Pointe #813 2/2 now $449K, Coquina Beach #4C 2/2 now $499.9K, Blind Pass #B209 2/2 now $539K, Surfside 12 #A2 3/2 now $699K, Sunset South #12C 2/2 now $784K, Sanibel Surfside #117 2/2 now $965K, Sanibel Seaview #A1 3/3 now $1.249M, Gulfside Place #117 2/2 now $1.285M.

4 new sales: Sanibel Arms West #A6 2/2 listed at $539K, Sundial East #O402 2/2 listed at $655K, Snug Harbor #113 2/2 listed at $985K, Wedgewood #306 3/3.5 listed at $1.379M.

4 closed sales: Seashells #33 2/2 $270K (short sale); Mariner Pointe #411 3/2 $519.75K (our listing & sale); Lighthouse Point #113 3/2 $634K; High Tide #B101 2/2.5 $1,750,125.

MP Bayside Pool

Bayside pool at Mariner Pointe just outside #411

 

HOMES

14 new listings: 748 Marthas Ln 3/2 $509K, 1521 Wilton Ln 3/2 $575K, 5105 Sanibel-Captiva Rd 4/3 $699K, 1052 Fish Crow Rd 3/2 $749K, 1438 Albatross Rd 4/3 $779K, 676 Emeril Ct 3/3 $789K, 1487 Sand Castle Rd 3/2.5 $814K, 1429 Jamaica Dr 3/3 $829K, 9027 Mockingbird Dr 4/3 $839K, 792 Birdie View Pt 3/3.5 $1.119M, 3386 West Gulf Dr 3/3.5 $1.349M, 824 Limpet Dr 3/3 $1.395M, 5771 Baltusrol Ct 3/4 $1.398M.

14 price changes: 1390 Middle Gulf Dr 3/3 half-duplex now $549K; 746 Cardium St 4/2 now $599,998; 1125 Captains Walk St 3/3 now $699.9K; 3850 Coquina Dr 3/3 now $899K; 1314 Par View Dr 4/3 now $945K; 232 Robinwood Cir 4/3 now $1.389M; 4353 Gulf Pines Dr 3/2.5 now $1.479M; 4014 West Gulf Dr 3/2/2 now $1.595M; 1743 Venus Dr 4/3.5 now $1.795M; 1688 Hibiscus Dr 3/4 now $1.849M; 626 Kinzie Island Ct 3/2.5 now $1.899M; 2451 Blind Pass Ct 4/4.5 now $2.299M; 2518 Tropical Way Ct 3/3.5 now $2.395M; 911 Strangler Fig Ln 4/3 now $2.695M.

7 new sales: 3301 Twin Lakes Ln 2/2 listed at $599K, 689 East Rocks Dr 3/3 listed at $759K, 5757 Pine Tree Dr 3/2.5 listed at $899K, 345 East Gulf Dr 3/2.5 listed at $899K, 979 Oyster Ct 2/2 listed at $940K, 1111 Schooner Pl 3/3 listed at $949.5K, 411 Lighthouse Way 4/3 listed at $1.445M.

6 closed sales: 1653 Bunting Ln 3/2.5 $434,716; 450 Lake Murex Cir 3/2 $505K; 2079 Wild Lime Dr 3/2 $570K; 1224 Par View Dr 3/3 $905K; 6015 Clam Bayou Ln 4/3.5 $2.05M; 3911 West Gulf Dr 5/5.5 $4.3M.

LOTS

Nothing to report.

Captiva

CONDOS

1 new listing: Tennis Villas #3227 1/1 $287K.

3 price changes: Tennis Villas #3111 1/1 now $244K, Bayside Villas #4202 1/2 now $310K, Tennis Villas #3131 2/2 now $410K.

No new sales.

1 closed sale: Ventura Captiva #1B 3/3 $1.1M.

HOMES

No new listings.

2 price changes: 14980 Binder Dr 4/3 now $1.378M, 14860 Mango Ct 5/4 now $2.344M.

1 new sale: 15000 Binder Dr 3/2 listed at $1.049M.

No closed sales.

LOTS

No new listings or price changes.

1 new sale: with contingencies: 16297 Captiva Dr listed at $1.549M.

No 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, here’s hoping great things continue!

Happy weekend, Susan Andrews aka SanibelSusan

TGIF – The Last One in February 2016

It’s SanibelSusan reporting a few more days of island winter weather. A cold-front arrived here with a little rain on Wed evening. Since then, we’ve had bright blue skies, but temperatures only into the high 60’s yesterday, today, and tomorrow. That is great weather for showing property.

Beach

Beach in front of Olde Middle Gulf Dr

 

The week’s real estate activity as posted in the Sanibel & Captiva Islands Multiple Listing Service follows a few news items below.

Island Weather

No rain is the forecast for the next five days and, according to AccuWeather, with the weekend setting up as an excellent one. Today’s high will be around 68 degrees, with 65 on Saturday and 73 on Sunday.

Beaches

Low tide set up perfectly for shell seeks this morning when it came in at 8: 34 a.m. Tomorrow (Sat), it will be at about 9 a.m., with high tide about 2:30 p.m.

Tonight, evening sunset on Captiva comes at 6:28 p.m., only about a minute later tomorrow night.

Sanibel sunset 2011

Upcoming Island Events

2016 shell fairMar 3 to 5 – 79th Annual Sanibel Shell Festival – at The Community House from 9 a.m. to 5 p.m. Thurs and Fri, from 9 a.m. to 4 p.m. on Sat.

Mar 16 – Sanibel Historical Village’s Let’s Get Historical USO Canteen Dinner & Dance – at 6 p.m. on the grounds of the historical village.

Apr 9 – Sanibel-Captiva Conservation Foundation’s 5th Annual Beer in the Bushes – from 6 to 10 p.m. on the grounds of SCCF’s Nature Center.

Sales Make Gains, Prices ‘Rising Too Fast’

realtor logoFrom yesterday’s “Realtor®Mag” on line:

“Existing-home sales kicked off 2016 on solid footing, according to the National Association of REALTORS®’ latest housing report, released Tuesday. Existing-home sales in January moved to their highest annual rate in six months, while constrained inventory levels also pushed home prices to their fastest increase since last April, according to the report.

“All regions in the U.S. saw increases in January sales, except for the West region.

“Total existing-home sales, which encompass completed transactions for single-family homes, condos, town homes, and co-ops, inched up slightly by 0.4% in January to a seasonally adjusted annual rate of 5.47 million.

“Sales are 11% higher than a year ago, which is the largest year-over-year increase since July 2013.

““The housing market has shown promising resilience in recent months, but home prices are still rising too fast because of ongoing supply constraints,” says Lawrence Yun, NAR’s chief economist. “Despite the global economic slowdown, the housing sector continues to recover and will likely help the U.S. economy avoid a recession.”….

Regional Breakdown

“Here’s a closer look at how existing-home sales performed across the country in January.

“Northeast: Existing-home sales rose 2.7% to an annual rate of 760,000, and are 20.6% higher than a year ago.  Median price: $247,500 — 0.9% above January 2015.

Midwest: Existing-home sales increased 4% to an annual rate of 1.30 million in January, and are 18.2% above a year ago. Median price: $164,300, up 8.7% from a year ago.

“South: Existing-home sales were at an annual rate of 2.24 million in January — unchanged from December — and are 5.7% higher than a year ago. Median price: $184,800, up 8.5% from a year ago.

West: Existing-home sales dropped 4.1% to an annual rate of 1.17 million in January, but remain 8.3% higher than a year ago. Median price: $309,400, 7.4% above January 2015.”

Source: National Association of REALTORS®

Southwest Florida Housing Market Has Slowed – and That’s Good

naples daily news logoNarrowing the field down to just Southwest Florida, here’s an article posted on line at FloridaRealtors®. It came from ”The Naples Daily News”:

“The housing market is showing signs of slowing and local experts say that’s OK. Home resales are slowing – and so are land sales for new homes and developments.

“We’re in the middle of a downshift in the marketplace. And it’s a good thing,” said Denny Grimes, president of Denny Grimes & Co. in Fort Myers. Grimes was one of three expert speakers at Market Watch 2016, sponsored by the News-Press and held at the Harborside Event Center in downtown Fort Myers on Tuesday night. All agreed the housing market is changing in a big way, sharing their thoughts on the future of real estate with a sold-out crowd in the hundreds.

“Generally speaking, home resales started falling from Sarasota to Naples in the last two to three months of 2015, Grimes said. “It’s kind of across the board,” he said. “We saw sales down in Lee County 30% in January.”

So what gives? While the roads are full, as they usually are in season, and buyers are out looking for houses, he said, the consumer confidence tank is “low on fuel.”

“Part of the low confidence, he said, is “our fault,” with home prices rising too quickly. “We have seen tremendous price increases in the last two or three years and we are pricing ourselves out of a lot of the market. You can ask for more, but buyers won’t pay it,” Grimes said.

“There are a few exceptions. The luxury market in Naples is still going strong, with the volume of resales rising 18% in the more than $5 million price category and 11% in the $1 million to $5 million segment in 2015, over 2014.

“”I think the luxury market and ultra-luxury market is being driven by people saying, ‘If not now, when?'” he said.

It’s clear the “Louis Vuitton” market of Port Royal in Naples, he said, is different, with 37 existing homes selling there last year, generating more than $300 million in sales, for an average price of about $8 million. Homes don’t really go “on sale” there, he said. “You want to be in Port Royal? You pay the price and you come,” Grimes said. “That is an anomaly. I can’t find that type of behavior anywhere else. It may be the only place on the Gulf Coast of Florida like that, which speaks highly for that area.”

“Except for the ultra-luxury market, he predicts home price growth will slow down this year, and could even retreat a little bit. “We have to slow down. We are going too fast for our own good,” Grimes said.

“Randy Thibaut, president of Land Solutions Inc. in Fort Myers, agrees a slowdown is needed, coming from a different angle. Last year, new home permits soared in Lee, Collier and Charlotte counties. Builders pulled about 13,000 permits in the three counties, for a 44% increase over 2014. Lee saw the biggest increase and that was driven mostly by a boom in apartment construction.

“Apartments are in higher demand because of the rising home prices. First-time buyers are still looking for homes priced at $200,000 to $250,000, which can be found in very few places in Southwest Florida, Thibaut said.

“In Collier County, the median home price – the price at which half the homes sell for more, and half for less – rose to $430,000 in December. For that reason, it makes sense that Maple Ridge at Ave Maria, where there are still homes available for less than $300,000, was the top selling subdivision last year in all three counties, he said. “The reason why is price and value,” Thibaut said. “So it’s one of the last places people can get a value.”

Some of the buyers in Maple Ridge are coming from the east coast of Florida, and commuting back and forth to their same jobs over there because they can get more home for their money in Ave Maria and they often have a shorter drive than they would on Interstate 95. Thibaut described the trend as mind boggling. “Wow,” he said. “That is crazy.”

“Land prices for residential development now exceed where they were in 2005 at the “peak of the peak,” which is giving builders reason to pause, Thibaut said. “We are seeing builders, developers and equity firms starting to tap the brakes on land transactions because the prices in some cases, in a lot of cases, have gotten to the point where they can’t meet buyers’ price demand requirements and are pushing the limit to still make margins,” he said.

“The pause is good for many reasons, Thibaut said. “We have a great shortage of labor and we are having a tough time meeting the demand for the sales and products that are being built and permitted,” he said.

Some builders have already noticed a slowing demand for new homes, with several starting to offer incentives to entice buyers to purchase the inventory. One of the areas where that is happening is in the Immokalee Road corridor in North Naples, which has seen a surge in new construction over the past few years.

“High-rise condominium construction is back, with five projects planned or under construction from Naples to Estero, and it will be something to watch this year, along with continued apartment construction, which one speaker described as “white hot,” especially in Lee County. “Apartments are really pulling the market,” said Stan Stouder, a commercial real estate broker with CRE Consultants in Fort Myers.

“He showed a picture of a tugboat pulling a big cargo ship to bring home his point. In Southwest Florida, he said, 2,557 apartment units will be built this year, twice the number as last year, Stouder said. Apartments aren’t just attracting students, but millennials with too much student debt and not enough money for a down payment, would-be buyers with bad credit, and even boomers who can no longer afford the hefty home prices.

“”Boomers are coming in great waves,” Stouder said. “But they are less affluent. So their pension plans might have been wiped out, their 401ks might have gone down. Their houses may be selling now, but selling for less than they hoped they could get. They still want to come to Florida. Maybe they can’t afford a second home, but they can afford to rent an apartment.””

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

Sanibel

CONDOS

3 new listings: Beach Road Villa #105 2/2 $434K, Mariner Pointe #522 2/2 $519K, Kings Crown #208 2/2 $825K.

6 price changes: Sanibel Arms West #J4 2/2 now $429K, Sanctuary Golf Villages I #1-1 2/2.5 now $645K, Sanibel Inn #3522 2/2 now $699K, Lighthouse Point #325 2/2 now $830K, Compass Point #151 3/2 now $1.195M, Golden Beach #2 3/2.5 now $1.499M.

4 new sales: Mariner Pointe #1073 2/2 listed at $454.5K, Shell Island Beach Club #5A 2/2 listed at $864.9K, Tanglewood #3 3/3 listed at $1.595M, High Tide #A301 2/2 listed at $1.895M.

2 closed sales: Sundial West #H103 2/2 $415K, Tigua Cay #489 3/3.5 $2M.

HOMES

10 new listings: 1635 Sand Castle Rd 3/2.5 half-duplex $489K; 3301 Twin Lakes Ln 2/2 $599K; 4648 Buck Key Rd 3/2 $679K; 1133 Sand Castle Rd 3/2 $699K; 5299 Ladyfinger Lake Rd 3/3 $799K; 1724 Bunting Ln 3/4 $1.089M; 746 Windlass Way 4/3 $1.149M; 6011 Clam Bayou Ln 3/3 $1.395M; 4353 Gulf Pines Dr 3/2.5 $1,478,999; 584 Kinzie Island Ct 3/3.5 $1.995M.

8 price changes: 2407 Shop Rd 3/1 now $354K, 575 Piedmont Rd 3/2 now $490K, 5267 Ladyfinger Lake Rd 3/2 now $794K, 3335 Twin Lakes Ln 3/2 now $799K, 1321 Par View Dr 3/2.5 now $899K, 1121 Skiff Pl 3/3 now $1.095M, 1238 Isabel Dr 5/3/2 now $3.965M, 1306 Seaspray Ln 3/4 now $3.995M.

9 new sales: 1490 Sand Castle Rd 2/2 listed at $515K, 441 Lake Murex Cir 3/3 listed at $599K, 1113 Sand Castle Rd 3/2 listed at $639.9K, 1460 Court Pl 6/5.5 listed at $649K, 1970 Wild Lime Dr 4/3 listed at $699K, 577 Lake Murex Cir 3/2 listed at $769K, 595 Birdsong Pl 4/2 listed at $849K, 1328 Seaspray Ln 4/4 listed at $849K, 696 Kinzie Island Ct 4/5 listed at $2.395M.

1 closed sale: 693 Emeril Ct 3/3 $660K.

LOTS

2 new listings: 2310 Wulfert Rd $339K; 5830 Sanibel-Captiva Rd $399,555.

No price changes, new, or closed sales.

Captiva

CONDOS

1 new listing: Sunset Beach Villas #2318 2/2 $595K.

1 price change: Bayside Villas #4302 3/3 now $605K.

2 new sales: Beach Homes #29 4/4 listed at $2.5M, Beach Homes #27 5/3 listed at $2.599M.

No closed sales.

HOMES

No new listings.

2 price changes: 15133 Captiva Dr 3/3 now $3.495M, 13550 Palmflower Ln 4/3.5 now $4.495M.

4 new sales: 11515 Murmound Ln 3/3 listed at $1.494M, 11525 Chapin Ln 4/4 listed at $1.495M, 11535 Andy Rosse Ln 4/4 listed at $2.339M, 16251 Captiva Dr 7/4.5 listed at $2.495M.

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.)

Enjoy your weekend, folks, wherever you are!

The last February 2016 island weekend is going to be terrific!

Susan Andrews, aka SanibelSusan

Canalside docks from website

Canal side at Sanibel Moorings

It’s All About the View at SanibelSusan’s Newest Listing

It’s Susan with another Friday real estate and news report about what’s been happening on the islands over the last week. With the Monday Columbus Day holiday and winter residents returning, activity and traffic increased a little. With owners getting their properties ready for “season”, most of the real estate activity this week has been new listings – seven new condo listings and seven new home listings on Sanibel alone. One is our new gulf-front west-corner unit at Island Beach Club with direct beach plus sunset views. No professional photos yet, but being filmed soon. Here are a few snapshots taken by cell phone. It’s all about the view!

Some of our listings had inquiries or were shown this week while teammate Dave held open houses too. Below are a few news items, followed by the action posted in the Sanibel/Captiva Multiple Listing Service over the last seven days.

Island Weather, Happenings & Upcoming Events

The island had wonderful weather this week – partly cloudy to sunny skies, plus lower temperatures and lower humidity. Pre-season events are beginning. Here are a few:

FISH 2015 10K logoTomorrow, Oct 17 – 7th Annual 10K Race 4 FISH – With the start-finish line at the Community House, this is an annual fundraiser for FISH of San-Cap (neighbors helping neighbors). Start time is 7:30 a.m.

pigs_in_paradise_logo_2015_correctedSunday, Oct 18 – Pigs in Paradise 2015 – Children’s Education Center of the Islands family-friendly fundraiser at Sanibel Community House from 4 to 8 p.m. Tickets available at the door.

ding darling goose logoSunday, Oct 18 to 24 – 26th Annual “Ding” Darling Days – kicks off with Sunday Family Fun Day and ends with Conservation Art Day next Saturday. Event schedule at www.dingdarlingdays.com.

BIG Arts logoMonday, Oct 19 – BIG ARTS Monday Night Film Series Begins – The Monday night film series begins at BIG ARTS Schein Hall with “The 100-Year Old Man Who Climbed Out a Window & Disappeared”. Every Monday at 7 p.m. through April a new talked-about and award-winning film is featured. Tickets are just $10 followed by moderated discussions and complimentary receptions. See the full schedule at www.BIGARTS.org.

Baileyfest2015-save_the_dateSunday, Oct 25 – 30th Annual BaileyFest Celebration – From noon until 4 p.m. at the Bailey’s Shopping Center, this event is free to the public and includes live entertainment, games, raffles and giveaways, face-painting, pony rides, food and refreshments, and local service organizations. The BIG ARTS Community Chorus kicks off the fest at noon with “The Star Spangled Banner”, followed by lots more music and fun.

A Few Sanibel Projects Still Underway

In our travels this week, we couldn’t help but notice a few annual projects underway including plenty of landscaping crews engaged in post-summer end-of-rainy season tree trimming and mulching. One of the big trees was taken down at Periwinkle Place yesterday. Other summer/fall construction projects seen in progress include:

Mariner Pointe

Mariner Pointe

Intersection of Periwinkle Way & Casa Ybel – New crosswalk work in progress, expected to be done in November.

Mariner Pointe – Piling repairs and dock improvements canal side.

Poinciana

Poinciana

Poinciana – Balcony restoration work.

Pointe Santo

Pointe Santo

Pointe Santo – Balcony and concrete restoration work continuing in Buildings A and E.

Seascape – Balcony restoration project.

Sundial Resort – Balcony and concrete restoration work in progress in Buildings S and T.

Sundial East

Sundial East

Also at Sundial, Sanibel Planning Commission this week approved a permit for a new Japanese hibachi-style steakhouse and sushi bar. Remember Noopies? This won’t be exactly the same, but will bring back more variety to island dining. The new eatery is expected to be open in December or January.

Villa Sanibel

Villa Sanibel

Villa Sanibel – Crane on premises with work underway on what appears to be new roof(s).

 

 

 

 

Sanibel Seeking Feedback on Shares Use Path Improvements

Sanibelcityseal logoCitizens of Sanibel have been invited to submit their input on each of the recommendations included in the draft Shared Use Path Intersection Improvement Study. Before Fri, Oct 30, you are asked to submit your input in one of three ways.

  1. On-line at https://www.surveymonkey.com/r/SanibelSharedUsePathwayIntersectionImprovementStudy
  2. Attending the Thursday, Oct 22, Open house at the Sanibel Rec Center (3880 San-Cap Rd) from 9 a.m. to noon and from 3 to 7 p.m.
  3. Submitting written comments by mail or in person to Sanibel City Hall.

See more info on www.mySanibel.com.

Homeowners Insurance Protects You from Halloween Horrors

Halloween treat-clipart-halloweenYesterday, NAR’s (National Association of Realtors®) on-line “Weekly Report” posted the following article by House Logic:

“When zombies, Snookies, and Lady Gagas storm your front door…, don’t fear! Your homeowners insurance will protect you from Halloween mishaps.

“Halloween is all fun and games until a trick-or-treater trips, knocks over your jack-o-lantern, and sets your front porch on fire. Fortunately, most homeowners’ insurance policies cover these common Halloween home mishaps:

“Tricksters damage your home. Standard homeowners’ policies cover vandalism, such as dents in your siding caused by eggs thrown at your home, when repair costs exceed your deductible.

“Candles or decorations cause a fire. A fire started by a Halloween candle or a string of holiday lights will be covered. If the fire makes your home unlivable, your homeowners’ policy will pay your living expenses while you wait for repairs.

“A trick-or-treater gets hurt on your property. Injuries to trick-or-treaters or your party guests are covered by the homeowner liability portion of your policy. The injured person files a claim with your insurer.

“You crash your car into a telephone pole to avoid hitting a trick-or-treater in your driveway. That accident would be covered by the collision portion of your auto insurance (if you have it). If you hurt anyone, the liability portion of your auto insurance would cover the cost of their treatment.

“If everything on this list of Halloween home horrors occurred, your umbrella insurance would kick in to cover costs — if you have it.

“To make your property safe for Halloween, the Insurance Information Institute has these recommendations:

  • Pick up anything in your front yard, sidewalk, stoop, or porch that a person could trip over.
  • Turn on your outdoor lighting so kids can see where they’re going.
  • Use battery-powered lights in your jack-o-lanterns.
  • Don’t put matches, lighters, or candles in places children can reach.
  • Pets, candles, and trick-or-treaters don’t mix. Keep pets away from the front door on Halloween.
  • Look for safety certifications, such as UL (Underwriters Laboratories), on your decorative lights.”

Sanibel & Captiva Multiple Listing Service Activity October 9-16

Sanibel

CONDOS

7 new listings: Seawind #A101 2/2.5 $514.9K, Seawind #A105 2/2.5 $524.8K, Sanctuary Golf Villages I #1-1 2/2.5 $710K, Sanctuary Golf Villages I #2-2 3/3 $795K, Island Beach Club #260D 2/2 $1.1M (our listing), Compass Point #151 3/2 $1.245M, Sedgemoor #102 3/3.5 $2.695M.

2 price changes: Sanibel Arms E8 2/2 now $487K, Sanibel Seaview #C3 4/4 now $1.895M.

3 new sales: Captains Walk #B8 2/2 listed at $335K, Spanish Cay #C5 2/2 listed at $369.9K, Gulfside Place #203 2/2 $1.295M.

3 closed sales: Sundial West #H303 2/2 $572K, Signal Inn #18 3/2 $1.05M, Sedgemoor #202 3/3.5 $2.3M.

HOMES

7 new listings: 2407 Shop Rd 3/1 $379K, 848 Rabbit Rd 3/2 $449K, 746 Cardium St 4/2 duplex $649K, 720 Elinor Way 3/2 $649K, 2449 Harbour Ln 2/2 $989K, 2543 Tropical Way Ct 3/2.5 $1.15M, 1126 Harbour Cottage Ct 3/2 $1.649M.

3 price changes: 9477 Peaceful Dr 4/2 now $469.9K, 575 Piedmont Rd 3/2 now $499K, 1525 Sand Castle Rd 3/2.5 now $799K.

5 new sales: 1806 Ibis Ln 3/2 listed at $450K, 1593 Sand Castle Rd 3/2.5 half-duplex listed at $529K, 420 East Gulf Dr 3/3 listed at $679.9K, 1220 Morningside Pl 5/5 multi-family listed at $1.198M, 1490 Middle Gulf Dr 3/4.5 listed at $1.695M.

2 closed sales: 1537 Sand Castle Rd 4/3 $760K, 2255 Troon Ct 4/5.5 $1.5M.

LOTS

1 new listing: 1226 Isabel Dr $1.8M.

1 price change: Lot 27, Leisure Acres now $149K.

No new sales.

1 closed sale: 2142 Starfish Ln $383.5K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5144 1/2 listed at $299.9K.

No closed sales.

HOMES

1 new listing: 1135 Longifolia Ct 4/4.5 $4.495M.

1 price change: 16464 Captiva Dr 8/8.5 now $7.1M.

No new sales.

1 closed sale: 16785 Captiva Dr 3/3.5 $1.26M.

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, happy weekend to all…Susan Andrews, aka SanibelSusan