Almost 2020 On Sunny Sanibel

2017 New Year PixSanibel and Captiva Islands are busy with lots of holiday vacationers. The weather certainly has been wonderful for them with mostly sunny days and temperatures in the mid- to high-70’s, while down into the 60’s at night. Restaurants are reporting waits – so if you are here, be sure to make dinner reservations.

The team advised that yesterday was their first winter 1-hour trek getting off-island at 5 p.m. “Yes, they take the back way.” It’s that time of the year when we plan our travel … by turning right … and allowing plenty of time.

More visitors are expected to arrive tomorrow during Saturday arrivals at weekly rental properties. I will be out during turn-overs showing a few 3-bedroom condos. We had multiple requests for big condos this week. Though, there are 130 Sanibel condos currently for sale, larger units are hard to come by. Those looking for gulf-front 3 bedrooms, there are six available in residential complexes and another seven in complexes that rent weekly. If you want a condo in a particular complex, let us know and we’ll do our best to snoop one out.

Island Sales Stats

sancap GO MLS logoWith it almost the end of the year, below is a snapshot of the Sanibel and Captiva market today. There is plenty of inventory, but we are looking for new listings so please keep us in mind if you know someone thinking of selling.

The below data from the Sanibel & Captiva Islands Multiple Listing Service is as of today, 12/27/19. The activity posted for the last two weeks in the MLS follows a couple of news items:

SANIBEL Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 130 806,859 195 1,380,871 72 717,724
Under contract 18 821,555 20 913,575 2 1,672,450
Closed this year 123 701,250 207 954,957 15 372,200
Closed in 2018 155 720,617 218 1,112,748 21 602,095
Closed in 2017 140 728,793 186 1,004,237 32 327,229

 

CAPTIVA Condos Homes Lots
No. Avg Price $ No. Avg Price $ No. Avg Price $
For sale 39 1,140,478 43 3,220,111 4 3,397,250
Under contract 2 514,450 5 3,518,599 0 N/A
Closed this year 29 1,037,077 16 2,808,597 1 1,375,000
Closed in 2018 27 797,532 25 2,127,352 0 N/A
Closed in 2017 34 671,551 22 2,457,023 2 2,312,500

New Year Events

sundial-logoNew Year’s Eve Shellebration at Sundial Beach Resort & Spa with island-style buffet, stilt walker, fire dancer show, games, pie-eating contest, DJ & live entertainment, face painting, fire pit s’mores, free throw contest, WII dance, wishing tree, corn hole, countdown toast. Reservations needed 800-838-3006.

2015 polar bear plunge20th Annual Polar Bear Plunge at noon Jan 1 at Tarpon Bay Beach at 111 Tarpon Bay Rd. Sign in and song sheets available at 11 a.m. Wear a bathing suit and bring a towel, chairs and coolers optional.

Study: Lots of Listings Coming as Baby Boomers Age

From FloridaRealtors®: “Boomers own about 1/3 of all U.S. properties and 27% of them will sell their home within the next 20 years – but some metros will feel the impact more than others.

Florida Realtors logo“SEATTLE – Builders have struggled to overcome land scarcity and rising labor costs and materials. But a flood of homes will come on the market over the next 20 years as baby boomers age – enough to affect local economies in traditional retirement areas.

“Northerners are struggling. They love winter sunshine and low taxes, but a decision to move 1,000 miles to Fla. isn’t easy. Will homesickness set in? How much does a trip “back home” to see family cost? And how much tax savings are we talking about?

“The boomer generation, once 76 million strong in the U.S., dwarfed the 55 million Gen-Xers and 62 million millennials it preceded. Today, the 60-and-older generation owns about a third of America’s homes, and a new analysis by Zillow attempts to show how their aging will impact the housing market.

“The study predicts that a “Silver Tsunami” of sellers will build slowly as the number of adults aged 60 or older pass away each year. However, a rise is expected in the 2020s and 2030s.

“In the decade from 2007 to 2017, roughly 730,000 U.S. homes were released into the market each year by seniors aged 60 or older. From 2017 to 2027 and from 2027 to 2037, that number is set to rise to 920,000 and 1.17 million per year, respectively. This means more than 27% of today’s owner-occupied homes will become available by 2037.

“While virtually all areas will feel the effects to some degree – between one-fifth and one-third of the current owner-occupied housing stock was impacted in every metro analyzed – the wave won’t hit all at once and won’t strike all markets equally.

“Retirement hubs like Florida and Arizona are likely to feel the sharpest impact. If demand erodes because fewer people choose to retire there in the coming years, those areas might end up with excess housing. Also heavily impacted will be regions like the Rust Belt, which saw younger people move away in recent decades, leaving older generations to make up a larger share of the population.

“Some regions will be far less affected. These include Salt Lake City, where a much smaller share of homeowners are in their golden years, as well as Atlanta, Austin, Dallas and Houston – all of which are vibrant but relatively inexpensive places that tend to attract younger residents looking for an affordable alternative to expensive coastal cities.

“Still, the differences in the share of homes released by seniors among metros are small compared to the differences within them. Palm Springs, for example, will see 45% of its owner-occupied homes vacated by 2037, compared with 23.8% of the combined L.A.-Riverside metro area overall. El Mirage and Sun City figure to see nearly two-third of their homes available, compared with 28.2% of the Phoenix area at-large.

“Housing released by the Silver Tsunami – upwards of 20 million homes hitting the market through the mid-2030s – will provide a substantial and sustained boost to supply, comparable to the fluctuations that new home construction experienced in the 2000s boom-bust cycle. Whether this housing is appropriately located, priced and styled to meet future demand, however, will be an important factor in how it pairs with new construction to alleviate today’s housing shortage.

“It seems likely, however, that the construction industry will, over the next 20 years, start to put a greater emphasis on updating existing properties rather than building from the ground up.” © 2019 Florida Realtors®

Sanibel & Captiva Islands Multiple Listing Service Activity December 13-20, 2019

Sanibel

CONDOS

4 new listings: Captains Walk #B3 1/1 $239.9K, Sandpebble #4E 2/2 $489K, Cottage Colony West #134 1/1 $614.5K, Blue Gulf #201 3/2 $1.398M.

5 price changes: Sanibel Arms #B1 1/1 now $449.9K; Seawind #A107 2/2.5 now $574,777; Mariner Pointe #421 2/2.5 now $639K; Heron at The Sanctuary #3B 3/2.5 now $818K; Sanctuary Golf Villages #1-4 3/3 now $838.5K.

3 new sales: Sundial #H211 1/1 listed at $395K, Sundial #C204 1/1 listed at $480K, Loggerhead Cay #134 2/2 listed at $995K.

3 closed sales: Seashells #15 2/2 $425K; Sanctuary Golf Villages #5-1 2/2.5 $736,750; White Pelican #114 2/2 $830K.

HOMES

9 new listings: 569 Lake Murex Cir 3/2 $499.5K; 1845 Ardsley Way 3/3 $599,555; 2065 Wild Lime Dr 3/2.5 $639K; 9418 Moonlight Dr 3/2 $699K; 238 Daniel Dr 3/2 $777,126; 215 Robinwood Cir 4/3 $884,488; 2417 Wulfert Rd 3/3 $1.089M; 707 Anchor Dr 3/2.5 $1.175M; 5618 Baltusrol Ct 4/4/2 $2.195M.

10 price changes: 1954 Roseate Ln 3/2 now $594K, 513 Lake Murex Cir 3/2 now $709K, 405 Tiree Cir 3/2 now $735K, 1351 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex now $765K, 1410 Sanderling Cir 3/2 now $835K, 5422 Shearwater Dr 3/2.5 now $899K, 1345 Eagle Run Dr 3/2.5 now $1.049M, 1560 Royal Poinciana Cir 3/2 now $1.05M, 1283 Isabel Dr 3/2 now $1.1M, 500 Sawgrass Pl 8/8/3 now $2.85M.

4 new sales: 257 Daniel Dr 3/2 listed at $750K, 245 Christofer Ct 3/2 listed at $799K, 982 Whelk Dr 3/2.5 listed at $1.15M, 707 Anchor Dr 3/2.5 listed at $1.175M.

5 closed sales: 706 Nerita St 3/2 $774K, 9436 Yucca Ct 3/2 $839K (our buyer, available as a seasonal rental with Sanibel Holiday, called Annabel’s Cottage), 1243 Sand Castle Rd 4/4 $980K, 758 Sand Dollar Dr 3/3 $1.285M, 5723 Baltusrol Ct 4/4.5 $1.8M.

LOTS

1 new listing: 255 Hurricane Ln $399K.

1 price change: 1292 Par View Dr now $349K.

1 new sale: 1800 Woodring Rd listed at $2.595M.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Gulf Beach Villas #2112 1/1 now $510.9K.

1 new sale: Bayside Villas #4212 1/2 listed at $368.9K.

1 closed sale: Ventura Captiva #2B 3/3 $875K.

HOMES

No new listings.

2 price changes: 11540 Laika Ln 3/2.5 now $1.299M, 11504 Wightman Ln 4/3.5 now $1.5999M.

No new or closed sales.

LOTS

Nothing to report.

Sanibel & Captiva Islands Multiple Listing Service Activity December 20-27, 2019

Sanibel

CONDOS

2 new listings: Mariner Pointe #1051 2/2 $499K, Oceans Reach #4D1 2/2 $898.5K.

1 price change: Cottage Colony West #101 1/1 now $595K.

2 new sales: Sandpiper Beach #203 2/2 listed at $699K, Sanibel Moorings #1111 2/2 listed at $ 947K.

3 closed sales: Seashells #37 2/2 $405K, Sanibel Siesta #108 2/2 $570K, Kings Crown #213 2/2 $755K.

HOMES

4 new listings: 970 Black Skimmer Way 2/2 $636K, 930 Kings Crown Dr 3/2 $1.295M, 912 Kings Crown Dr 3/3.5 $1.445M, 1480 Middle Gulf Dr 4/4/2 $1.65M.

4 price changes: 9448 Begonia Ct 3/2.5 now $549K (our listing), 1717 Sand Pebble way 3/2 now $635K, 1567 Sand Castle Rd 3/3 now $849K, 2391 Shop Rd 3/2.5 now $1.875M.

Image 3 c.jpg

9448 Begonia Ct in Gumbo Limbo

3 new sales: 569 Lake Murex Cir 3/2 listed at $499.5K, 1269 Par View Dr 3/2.5 listed at $1.099M, 1525 San Carlos Bay Dr 3/2 listed at $1.4695M.

6 closed sales: 1805 Ibis Ln 2/2 $515K, 1585 Bunting Ln 3/2 $545K, 6447 Pine Ave 3/2.5 $552.5K, 1418 Sanderling Cir 3/3 $599.5K, 9440 Cotten Ct 3/2 $617.5K, 707 Cardium St 3/2 $685K.

LOTS

No new listings or price changes.

1 new sale: 2510 Coconut Dr listed at $749.9K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5316 3/3 listed at $660K.

1 closed sale: Captiva Hide-a-Way #2D 2/2 $835K.

HOMES

3 new listings: 11521 Laika Ln 3/3 $1.385M, 15843 Captiva Dr 3/3 $7.489M, 16500 Captiva Dr 6/6/2 $7.989M.

2 price changes: 11525 Wightman Ln 3/2 now $1.225M, 11504 Wightman Ln 4/3.5 now $1.5999M.

No new or closed sales.

LOTS

Nothing to report.

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

IMG_9002

Granddog, Bella, checking out the office Christmas tree!

Best wishes for a wonderful New Year!

Susan Andrews, aka SanibelSusan

 

 

Record Temps & Picture-Perfect Sanibel & Captiva Islands Weather

IMG_4561

Photo courtesy of Jim Anderson, JMA Photography

You probably have heard about Florida in the news this week. It was the warmest state in the nation several times and set records some days for some of the highest recorded January temperatures in SW Florida. Gorgeous bright blue skies and sunny days with 80 degree weather have kept islanders – and visitors and vacationers – smiling.

The roads and bike paths thinned out a little this week when the holiday visitors departed, but my pals in reservations tell me that they had a few record days with bookings this week – undoubtedly thanks to our terrific weather – and the opposite in other parts of the world. Be sure and tell your friends/family planning an island visit this winter that they should not delay in making reservations. Rumor has it that many popular peak nights already are fully booked.

Check-ins are expected to be light again tomorrow and the following Saturday, with the big influx of winter visitors expected to arrive on the 26th. The island will be busy from then until Easter.

Here are a few real estate and island news items followed by the activity reported in the Sanibel and Captiva Islands Multiple Listing Service this week.

Traveling from Sanibel to Captiva

Teammates Dave and Lisa viewed some Captiva properties that were open for Realtor® Caravan yesterday. During their travels, they took a few pictures of the wildlife in Clam Bayou and along Sanibel-Captiva Road.

View into Clam Bayou

View into Clam Bayou

Eagle's nest in Gulf Pines

Eagle’s nest in Gulf Pines

Gopher Tortoise stopping traffic on San-Cap Road

Gopher Tortoise stopping traffic on San-Cap Road

Osprey in flight with fish

Osprey in flight with fish

Quite a few upcoming happenings were added to my island events calendar too. Check them out if you are looking for things to do on particular day. It’s going to be busy winter here, http://sanibelsusan.com/island-events-calendar/

Beginning the New Year at The Sanibel & Captiva Islands Association of Realtors®

New BODDavid, Lisa, and I attended the local Association of Realtors® Installation and Awards Banquet on Saturday night. Incoming Florida Realtors® President Dean Asher came to Sanibel to perform the induction ceremony. I was one of twenty local Realtors® to receive an Honor Society Award – perhaps the only one for the 20th year in a row. Honor Society awards are presented annually to those of our ~300 Realtor® members earning recognition for their professionalism through education, participation, and community service. Our leadership’s goal this year is to get more of those Realtors® involved.

In 2013, I again am chairing the Sanibel & Captiva Islands Association of Realtors® Professional Development Committee. Several educational events already are scheduled and others planned.

My other committee work this year will be with the Professional Standards Committee. That group is the Realtors® governing body that hears ethics and arbitration cases that have passed Grievance Committee and need resolution. The beauty of working on these small islands, where most business is handled professionally, is that Professional Standards usually hears few if any cases. I sure hope that applies this year too.

Another New Sanibel Restaurant – The Sandbar

Sandbar LogoIslanders always get excited when we hear a new restaurant is opening. If you have seen the many contractor vehicles parked at the 2761 West Gulf Drive location of the former Stone Crab restaurant, it was purchased in December by the same island residents who own the nearby Shalimar Cottages and Motel. Called “The Sandbar”, the new restaurant opened this week with hours from 11 a.m. to 10 p.m. It features a new open-view kitchen and retail market. The general manager who has previously managed other popular island restaurants advises they will feature creative entrees of fresh fish and choice beef, plus menu staples like King crab, shrimp, Maine lobster, and mile-high mud pie. They have a full liquor license too.

Another Coffee Shop Also Coming

coffee cupThis week, Bennett’s Roast was cleared for a City Permit for a 40-seat coffee shop with outdoor seating at 1020 Periwinkle Way, the former Century 21 office east of the Lazy Flamingo. You may remember, I mentioned it several weeks ago, that their permitting process had a few hurdles. The challenges include the property being located in a bald eagle nest buffer zone, wetlands in the back, and being on Sanibel’s highest traffic area near the 4-way stop. Kudos were handed out from both sides for the way the applicants and city staffers worked together to overcome the hurdles. 

Island Water & Piping Work Done at The Dunes

DunesEntrySignThe big project to replace old water pipes in The Dunes subdivision is complete ahead of schedule. All Island Water member water meters were replaced with radio-read meters too. The second phase of this two-phase project was not expected to begin until this year, but instead was fully accomplished before Christmas! Way to go Island Water! Did you know that Island Water was incorporated 47 years ago, in 1965, and franchised by Lee County as a member-owned not-for-profit association? As part of our Realtor® education, many of us have toured the facility, seen how the reverse-osmosis water is made, its usage and conservation. It’s a fascinating process. Island Water’s winter newsletter says they will be putting more info on their website this year, check it out at http://www.islandwater.com.

Where The Jobs Will (And Won’t) Be In 2013

ForbesHere is part of an interesting forecast that was posted in December on-line at www.Forbes.com.

“Though Florida is still recovering from the subprime mortgage crisis of 2008 and the state unemployment rate sits at 8.5% (almost a point higher than the national rate of 7.7%), some pockets of the state are experiencing strong job growth. In fact employers in the Cape Coral-Fort Myers area are projecting a net job increase of 23%, the highest in the nation, according to the latest employment outlook survey by the employment services firm, ManpowerGroup. One other Florida metropolitan area, Lakeland-Winter Haven, also landed in the top 15 cities for job growth, according to Manpower….

“In Cape Coral, employment has gotten a boost from the recovering housing market and the fact that the city has a low density rate, at 45%, so there is plenty of room to grow. As home construction has revived, property values have climbed, going up 18%-20% since the trough, says Cape Coral Chamber of Commerce President Mike Quaintance. Housing growth has also fueled growth in restaurants and retail chains…. Cape Coral is getting a new Wal-Mart and a Sam’s Club store. Jobs at those budget retailers don’t tend to pay well, concedes Quaintance. But the housing recovery is also funding better-paying construction-related jobs and home-based businesses like landscaping.

“In neighboring Fort Myers, Chamber of Commerce Executive Director Colleen DePasquale says job growth may in part be seasonal, because the population always swells in the winter months, and two baseball teams, the Twins and the Red Sox, go to Fort Myers for spring training. At the same time, clothing chain Chico’s is based in Fort Myers and doing well, and the city just opened a new waterfront development, with plans for a hotel and other businesses.

“Second on Manpower’s list after Cape Coral-Fort Myers: two Arizona metro areas in a tie, Phoenix Mesa-Scottsdale, and Tucson, with a net employment outlook of 20%…. At the other end of the spectrum, St. Louis has the worst employment outlook in the country at -5%. The next-worse is Portland, ME, at  ‑2%, followed by Wichita, at -1%….”

Florida Releases Info on State Insurance Companies

FLRealtors_newlogoFlorida Realtors® posted the following article this week:

“The Florida Office of Insurance Regulation (OIR) has released its 2012 Fast Facts report, created to give interested parties statistical data about Florida’s insurance market. The report compiles financial and regulatory information, insurance premium volume, number of domestic insurance companies and related entities, enforcement actions/consumer recoveries, public hearings and more. The Fast Facts report also includes four “Top 20” lists with information about insurance companies in Florida for personal residential, personal automobile, life and annuity, and accident and health lines of business. For residential homeowner policies, Florida-owned Citizens Property Insurance tops the state list with 1.4 million policies, or more than the number covered by the four largest private insurers combined.

“The latest report includes the following breakdown for residential insurance writers by size, followed by number of Florida policies in December 2012:

1. Citizens Property – 1,423,160
2. Universal Property & Casualty – 578,825
3. State Farm Florida – 453,997
4. St. Johns Insurance – 174,021
5. Security First – 147,080
6. USAA – 142,733
7. Castle Key Indemnity (Allstate) – 131,759
8. Castle Key Insurance (Allstate) – 127,540
9. Homeowners Choice – 122,737
10. ASI Assurance – 113,603
11. Florida Peninsula – 112,372
12. American Integrity – 106,052
13. Tower Hill Prime – 104,594
14. American Bankers – 96,381
15. United Property & Casualty – 95,036
16. Florida Family – 87,059
17. ASI Preferred – 78,977
18. Tower Hill Signature – 78,816
19. Universal Insurance – 76,559
20. Southern Fidelity – 74,556

The Fast Facts report can be downloaded through the Florida Office of Insurance Regulation website.”

Vote Sanibel as “Happiest Seaside Town”

Coast Living Happiest TownCoastal Living Magazine listed Sanibel Island as one of ten of its “Happiest Seaside Towns” of 2013. The locations chosen were based on criteria like well-being index, percentage of sunny days, healthiness of beaches and “coastal vibe”.

Starting yesterday (Jan 10) and running through February, you can go online and cast your vote to make it number one at www.coastalliving.com/happytowns2013.
Sanibel & Captiva Multiple Listing Service Activity January 4 – 11

Sanibel
CONDOS
2 new listings: Sundial #G106 1/1 $292.9K, Seawind #A102 2/2.5 $439.9K.
5 price changes: Tennisplace #D31 1/1 now $179K, Tennisplace #B32 2/1 now $249K, Blind Pass #D205 2/2 now $291K (short sale), Ibis at The Sanctuary #A202 2/2 now $384.9K, Island Beach Club #220B 2/2 now $499K.
3 new sales: Tennisplace #C35 2/1.5 listed for $249K, Blind Pass #B103 3/2 listed for $469K, Oceans Reach #1B4 1/1 listed for $698K.
1 closed sale: Coquina Beach #1D 2/2 $362K.

HOMES
7 new listings: 1809 Farm Trl 3/2 $499K, 525 N Yachtsman Dr 3/2 $579K, 5431 Shearwater Dr 3/3 $825K, 1213 Par View Dr 3/2.5 $890K, 4709 Rue Belle Mer 3/2 $2.1M, 4461 Waters Edge Ln 5/5.5 $5M.
7 price changes:  2079 Wild Lime Dr 3/2 now $460K, 5650 San-Cap Rd 2/2 now $635K, 928 Pepper Tree Place 2/2 now $639.9K, 977 Black Skimmer Way 3/2 now $649K, 569 Lighthouse Way 3/3 now $795K, 9007 Mockingbird Dr 3/3 now $1.1M, 1826 Woodring Rd 3/2 now $1.595M (foreclosure).
4 new sales: 2985 Island Inn Rd 3/2 listed for $399K (our listing), 2560 Coconut Dr 3/3 listed for $495K, 967 Beach Rd 2/2 half-duplex listed for $498K, 1032 Lindgren Blvd 3/2.5 listed for $615K.
3 closed sales:  3050 West Gulf Dr 3/2 $542K, 963 Kings Crown Dr 3/3 $700K, 4689 Rue Belle Mer 3/2 $1.975M.

LOTS
No new listings.
2 price changes:  3005 Turtle Gait Ln now $249K, 1898 Woodring Rd now $2.695M.
No new or closed sales.

Captiva
CONDOS
No new listings.
1 price change:  Bayside Villas #4106 1/2 now $295K.
1 new sale: Bayside Villas #5326 3/3 listed for $639.5K.
No closed sales.

HOMES
No new listings.
3 price changes:  16838 Captiva Dr 6/7.5 now $5.995M, 15747 Captiva Dr 5/6.5 now $6.95M, 15172/174 Wiles Dr 12/1 multi-family now $11.5M.
No new sales.
1 closed sale:  15783 Captiva Dr 5/5.5 $8.5M.

LOTS
No new listings, price changes, or new sales.
1 closed sale:  11516 Wightman Ln $650K.

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 the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.  If your property currently is listed with another broker, this is not intended as a solicitation of that listing.

 

Hooray for the weather in Sanibel & Captiva Islands on January 11, 2013!

It’s glorious!

Photo by Jim Anderson, JNA Photography

Photo by Jim Anderson, JMA Photography