Sanibel Sunsets Are The Best!


It’s Susan reporting another beautiful Friday on Sanibel & Captiva Islands where we have had terrific weather again this week with a few late day and evening showers, mostly inland. Last night though, following another stunning sunset, the islands got a good dousing.

Below is a photo posted by Sanibel City Manager Judie Zimomra as she was coming back on-island just before the showers. Not only is she a fabulous City Manager, but a great photographer too. (Thanks for sharing, Judie.)

Judie sunset 06-21-18

The 2nd photo I snapped on my east-end travels. It shows just how green and beautiful the vegetation is on Sanibel this time of the year, as the seasons skip from spring into summer!

Purple flower.jpgIn the real estate world, the listing status changes as posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday follow a few news items below.

Voters Are Not Turnips

SCCF logoLove it when the Sanibel-Captiva Conservation Foundation (SCCF) hits the nail on the head. Below is their email received Monday morning.

The other good news, just announced yesterday, is that the early huge water releases from Lake “O” will be reduced beginning today. Thanks to all that helped with the Mayor’s call-to-action. We can’t let up on these pushes. Southwest Florida government officials and local Realtors® have been cooperating on these initiatives for years and we are always in need of more help from the public.

Court Victory Supports Florida’s Land Acquisition Amendment – In 2014 an overwhelming 75% of Florida Voters supported a Constitutional Amendment to allocate 33% of real estate doc stamp taxes to Florida’s Land Acquisition fund, Florida Forever. The vote showed Florida voters really appreciate the public lands and special places that have helped make Florida a great place to live and explore.

“The Amendment was spurred when the Florida legislature quit funding Florida’s decade’s long program that purchased and protected wild lands, critical wildlife corridors, habitats and water systems from Spring to the Everglades. It passed with the support of 3 of 4 voters in 2014.

“However, the Florida legislature had their own ideas and misspent the funds on agency salaries and operating expenses over our active opposition each year. Their response? They told the public we didn’t understand the language of the amendment, copied below.

Turns out voters are not turnips and on Friday a Judge hearing the 3-year old case agreed, issuing a full summary judgment and cancelling the trial scheduled to begin in July.

“Voters are vindicated! Stay Tuned for what comes next. Thanks to the groups who sued: Florida Wildlife Federation, St. Johns Riverkeeper, Environmental Confederation of Southwest Florida, The Sierra Club and Earthjustice.

“Language of the 2014 Constitutional Amendment:  Funds in the Land Acquisition Trust Fund shall be expended only for the following purposes:

“1.   As provided by law, to finance or refinance: the acquisition and improvement of land, water areas, and related property interests, including conservation easements, and resources for conservation lands including wetlands, forests, and fish and wildlife habitat; wildlife management areas; lands that protect water resources and drinking water sources, including lands protecting the water quality and quantity of rivers, lakes, streams, spring sheds, and lands providing recharge for groundwater and aquifer systems; lands in the Everglades Agricultural Area and the Everglades Protection Area, as defined in Article II, Section 7(b); beaches and shores; outdoor recreation lands, including recreational trails, parks, and urban open space; rural landscapes; working farms and ranches; historic or geologic sites; together with management, restoration of natural systems, and the enhancement of public access or recreational enjoyment of conservation lands.

“2.   To pay the debt service on bonds issued pursuant to Article VII, Section 11(e).”

1st Day of Summer & National Seashell Day

Yesterday, also the first day of summer, Lee County Visitor & Convention Bureau hosted an event aimed at toppling an existing Guinness World Record for “largest human image of a seashell.” It required recruiting lots of people wearing identical T-shirts to assemble on Fort Myers Beach and fill in the form of a seashell. A Guinness World Records adjudicator was on site to verify the attempt.

With 1,093 volunteers participating, including many from Sanibel/Captiva, Lee County’s human seashell surpassed a seashell image created in October featuring 855 participants at a team-building event in Turkey that was organized by the petrochemical/energy company Shell and Turcas Petrol A.S. Congratulations to all who helped the effort.

national seashell day 2018.jpg

This Fort Myers Beach shell-a-bration is the signature event for the 3rd annual National Seashell Day — held on the first day of summer: Thursday. Plenty of photos were posted on social medial under the hashtag: #NationalSeaShellDay.

Top 10 Threats to Real Estate in 2019

REALTOR-Magazine_Logo_The below article was posted on line yesterday (June 21, 2018) at “Realtor® Magazine”, credited to The Counselors in Real Estate on June 14.

“Rising interest rates and the economy are the top two current issues to watch in real estate, according to the Counselors of Real Estate’s Top Ten Issues Affecting Real Estate 2018-2019, a list of the biggest threats to the housing market. For the first time, CRE broke its annual list down into current and longer-term issues to watch during the industry’s next year.

Top Current Issues to Watch

  1. Interest rates and the economy: As interest rates rise, commercial and residential real estate markets are seeing several changes, such as decreasing demand for commercial property and higher home mortgage rates. Rate increases are making homes less affordable and are also limiting the value appreciation for commercial real estate. “Lack of wage growth for all but the wealthiest population segment is dampening housing demand and limiting consumer spending that the economy needs for growth,” the report notes.
  2. Politics and political uncertainty: Tax reform and policies aimed at balancing trade with other countries will have an impact on jobs, incomes, and both commercial and residential property, according to the report. Congressional action to relax certain bank lending and asset management regulations was also among developing trends that may improve access to capital,” the report notes.
  3. Housing affordability: The lack of affordable homes across income brackets, excluding the most wealthy, is being fueled by low wages, rising mortgage rates, and the underproduction of housing for nearly two decades, according to the report.
  4. Generational change/demographics: Four distinct generations are exerting influence on commercial and residential real estate, such as in office design, student and elder housing, amenities, and location preferences.
  5. E-commerce and logistics: Volatility in the retail sector, such as from the increase of e-commerce, is leading to a growth in warehouses.

Top Longer-Term Issues

  1. Infrastructure: Roads, bridges, airports, water and sewer lines, electricity, and public transit are rapidly deteriorating, the report notes. An estimated $4.5 trillion is needed to improve critical infrastructure by 2025, according to the American Society of Civil Engineers. “The lack of serious effort by the U.S. to address its condition and much-needed revitalization leads the list of broader and emerging issues affecting real estate,” the report notes.
  2. Disruptive technology: The report highlights advances in robotic manufacturing and warehousing; driverless cars and trucks; the extensive availability and utilization of personal and transactional data (aimed at enhancing business decisions); “smart” building technology that enables efficiency; global connectivity; automated business processes; and information protection through cybersecurity. “Nearly every aspect of real estate is undergoing dramatic change as these types of technology are adopted,” the report notes.
  3. Natural disasters and climate change: The ongoing threat of natural disasters and climate change can result in high-priced property and environmental damage. This includes everything from severe storms, wildfires, and floods to earthquakes, volcanic activity, and rising sea levels.
  4. Immigration: “If reduced by law, will have a negative impact on new housing starts and home purchases as well as worsen the current skilled labor shortage in the U.S.,” the report cautions.
  5. Energy and water: Natural resources that are vital to property and quality of life are being threatened by environmental damage (manmade and from changing climates) as well as “entangling state and local regulations that are complicating development and lack the standardization that national regulations would provide.”

“CRE additionally notes several other issues making its “watch list,” including rising construction costs; urbanization/suburbanization (with suburbs adapting citylike development and amenities); tax cuts (which may positively impact commercial properties; legislation is still developing); and societal leadership (social activism among younger Americans that is fueling business and social reform at many levels).”

Sanibel & Captiva Islands Multiple Listing Service Activity June 15-22, 2018

Sanibel

CONDOS

2 new listings: Seawind #105, 2/2.5 $545K, Sanibel Surfside 2/2 $989K.

1 price change: Sundial West #E104 2/2 now $869K.

5 new sales: Blind Pass #G203 2/2 listed at $459K, Sanibel Moorings #941 2/2 listed at $519K, Sunset South #6A 2/2 listed at $599K, Sanibel Siesta #306 2/2 listed at $599.5K, Seawind II #5 2/2.5 listed at $799K.

7 closed sales: Casa Blanca 2/1 $379K, Mariner Pointe #533 2/2.5 $481.1K, Sanibel Arms West #G7 2/2 $520K, Sundial West #G204 2/2 $597.5K, Shorewood #1C 3/2 $800K, Sundial East #P204 2/2 $829K, High Tide #C201 2/2 $953K.

HOMES

1 new listing: 849 Beach Rd 4/2 duplex $635K

5 price changes: 1350 Middle Gulf Dr 3/3 now $849K, 641 Lake Murex Cir 4/3 now $1.1M, 824 Birdie View Pt 3/3 now $1.149M, 1324 Seaspray Ln 3/3 now $1.35M, 6071 San-Cap Rd 5/4.5 now $2.9975M.

2 new sales: 1940 Periwinkle Way 3/2 listed at $459K, 1001 Lindgren Blvd 3/2 listed at $899K.

4 closed sales: 1338 Tahiti Dr 2/2 $552.5K, 1846 Ardsley Way 2/2 $525K, 1545 Sand Castle Rd 4/3.5 $975K, 1033 S. Yachtsman Dr 3/3 $1.413M,

LOTS

20180622_151644.jpg1 new listing: 9270 Kincaid Ct (our listing) $149K.

No price changes, new or closed sales.

Captiva

CONDOS

1 new listing: Tennis Villas #3128 1/1 $352.5K

1 price change: Beach Villas #2625 2/2 now $640K.

No new or closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 16163 Captiva Dr 3/2 $2,35M.

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.

Here’s hoping everyone has a great weekend!

If you are interested in island real estate you-know-who is working.

Susan Andrews, aka SanibelSusan

Another Happy June on Sanibel/Captiva


sun & rainIt’s SanibelSusan reporting that in typical fashion, the islands’ 23rd Annual Sam Bailey Islander Night at Hammond Stadium Wednesday night again was rained out. After several weeks of beautiful weather, it should have been no surprise when the first big downpour of the rainy season began just as the parade was scheduled to start. It has happened many times before and June 1 is the beginning of hurricane season.

Continuing the summer trend, more showers are expected later today and through the weekend with all of us watching the tropical storm expected to develop in the gulf early next week. That certainly will not make next week’s vacationers happy, but may result in good shelling and more folks wanting to view property.

At SanibelSusan Realty

Activity-wise in the office, it has been quiet. Even the holiday weekend was very quiet, probably weather-related, as all days were fabulous for the beach. A few listings shown and some phone/email inquiries, but not many – certainly nothing like when it’s snowing somewhere!

Yesterday, The SanibelSusan Team was happy to receive a new listing at Beachcomber (gulf-front ~2600 sq. ft.) which will be posted in the islands’ Multiple Listing Service as soon as we receive a couple of clarifications from the sellers.

View 3.JPG

View from our new listing at Beachcomber #A102

 

May is always an in-between month here, post “high” season, but pre “summer” season. A quick snapshot of the islands’ May real estate sales show that it was not a month with much real estate action.

May Sanibel Sales

In May, were just five new Sanibel home sales with no contingencies (three inland priced under $530K, one on a deep-water canal (asking price $1.545M) and one bay-front in Ferry Landing (asking price $1.995M)).

Another 13 Sanibel homes went under contract with contingencies (four inland priced under $535K, five near the beach (priced from $569K to $600K), one in Beachview (asking $1.195M), one in Gulf Pines (asking $1.479M), one deep-water canal (asking $1.548M), and a unique one across the street from the beach (asking $1.595M)).

In May, Sanibel condos did not have as much action as homes. Just two Sanibel condos went under contract with no contingencies: a 1-bedroom at Sundial (asking $299K) and a recently-remodeled Lighthouse Point bay-front unit (asking $830K).

Another four condos went under contract with contingencies: a Seashells unit (asking $379K), a 1st floor Sanibel Moorings 2 bedrm with peek of gulf (asking $449K), a 3-bedrm Heron-model at The Sanctuary (asking $665K), and a beach-front 2-bedroom at Sanddollar (asking $870K).

During the same time, in May, just two Sanibel lots went under contract: one near beach (asking $244.9K) and one on the bayou (asking $1.295M). Both contracts have contingencies.

May Captiva Sales

In May on Captiva, four homes went under contract with contingencies (two at Sunset Captiva asking $885K and $995K, one gulf-front asking $3.998M, and one on Roosevelt Channel asking $4.8M).

Also in May, three Captiva condos in South Seas Plantation went under contract, all with contingencies. Asking prices ranging from a 1-bedroom Bayside Villas for $289K to a 2-bedroom Tennis Villas for $405K, to a Bayside Villas 3 bedroom for $629.9K

A Captiva gulf-front lot went under contract (with contingencies) in May too, asking price $4.999M.

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

Sanibel & Captiva Islands Specialist Designation

ASSOC LogoWednesday, for the fifth year, SanibelSusan taught the Resort & Second-Home module to those Realtors® training to receive their Sanibel & Captiva Islands Specialist designation. This designation is a 12-part educational series, offered each summer by the local Association of Realtors. The coursework needs to be completed over a 2-year period and provides instruction to those looking to specialize in working the Sanibel/Captiva market.

2016 Resort ClassI authored the module that I teach, update it each year, and always enjoy the teaching experience – getting as much in return as I give. It was especially fun this year since my students ranged from some new Realtors® to those with many years of real estate experience, but in other parts of the country.

Here are my students adorned in the funny resort-wear they earned for answering questions correctly in my pop quiz.

1st National Seashell Day

As reported in Monday’s “Santiva-Chronicle”:

2016 National Seashell Day“As the Lee County Visitor and Convention Bureau said, it’s official. June 20 has been proclaimed National Seashell Day. The news is also out that the first National Seashell Day will be on Good Morning America.

“The VCB (Visitors Convention Bureau) already has a National Seashell Day page on its website. Visitors to the page can enter the “Shell Yeah! Sweepstakes,” for which the grand prize is three nights for four at Sanibel Inn, a Captiva Cruises shelling cruise to Cayo Costa and the chance to go shelling with Pam Rambo. The grand prize is enough to make any Sanibel sheller nod with approval.

“Rambo had the news about Good Morning America on her amazing blog iloveshelling.com. The blog says Ginger Zee, Good Morning America and ABC’s chief meteorologist, will be here on June 20. We don’t know the exact details yet other than it will be in the morning….

“The VCB’s idea for National Seashell Day will get the word out to people of all places about the wonders of shells on our beaches, which is good for anything having to do with shells. The VCB also hopes it will be a driver for tourism….”

Fishing Pier Rehab Project

sanibel fishing pier.jpgOn Tuesday next week (June 6), the Sanibel Fishing Pier at Lighthouse Beach Park will be closed temporarily due to a necessary rehabilitation project. Construction is expected to continue through August 2016.

Top 10 Outdoor Features, Where Most Are, & What They’ll Pay

realtor.comPosted in Tuesday’s “DAILY REAL ESTATE NEWS”, you will see Naples, FL on the list below. Buyers all over Southwest Florida like outdoor kitchens!

“As temperatures heat up, more home owners and buyers are taking a closer look at their home’s outdoor features. Realtor.com®’s research team took a look at 10 popular outdoor home features to find the premium that owners will pay. They also identified the regions of the country that are most likely to feature these popular outdoor amenities.

Amenity                        Premium           Where You’ll Most Likely Find Them

Tree houses                     5.2%                Asheville, N.C.

Gazebo                              7.6%                McAllen, Texas

Putting green                 11.4%               Phoenix

Hot tub                             11.8%               Bend, Ore.

Tiki bar                             13.8%               Key West, Fla.

Tennis court                   14.6%               Los Angeles

Outdoor fireplace           21.5%               Dallas, Texas

Outdoor kitchen             26.2%               Naples, Fla.

Private dock                     44.7%               Traverse City, Mich.

Infinity pool                      56%                 Kahului, Hawaii”

Red-Hot South Florida Home Prices Are Cooling Off

miami herald logoMuch like island Realtors® often look to activity in larger complexes and communities here as bellwethers of the local market, we also look to bigger East Coast communities to foretell what may be in the future. The below article is from the May 31 “Miami Herald”.

“So far in 2016, South Florida home prices are growing at the slowest pace since the real-estate market began to recover four years ago.

“Home prices in Miami-Dade, Broward and Palm Beach counties rose 6.2% between March 2015 and March 2016, according to the closely watched S&P/Case Shiller Home Price Indices. They grew 8.7% between March 2014 and March 2015, and at a double-digit clip for much of 2013 and 2014, fueled mainly by red-hot demand from foreign investors. But a strong dollar and troubled economies abroad have stymied the flow of cash into local real estate.

“Residential home sales fell in Miami-Dade in April, according to Realtors’ data. Weak demand could help make homes more affordable for locals — if wage growth keeps picking up and developers start building more units for the lower tiers of the market.

“The nation’s hottest housing markets are in Portland (12.3%), Seattle (10.8%), Denver (10%), San Francisco (8.5%) and Dallas (8.5%). Home prices in the Tampa area (7.6%) also grew faster than they did in Miami in March.”

Sanibel Prescribed Burns Begin Today

Sanibelcityseal logoAs described in an earlier update, Sanibel will have prescribed burns in six different areas this summer, so if you are on the island today do not be surprised if you smell smoke.

SCCF logoSCCF (Sanibel-Captiva Conservation Foundation and the City of Sanibel are scheduled to perform a prescribed burn of about 19 acres of the Sanibel Gardens Preserve today. (That’s just west of Tarpon Bay Rd. on Island Inn Rd.)

Sanibel & Captiva Islands Multiple Listing Service Activity May 27-June 3, 2016

Sanibel

CONDOS

2 new listings: Colonnades #8 1/1 $229K, Sandalfoot #5A1 2/2 $799K.

1 price change: Tanglewood #1A 3/2 now $1,163,999.

1 new sale: Blind Pass #A102 2/2 listed at $399K.

3 closed sales: Sanibel Arms #E2 1/1 $347.5K, Loggerhead Cay #474 2/2 $489.9K, Donax Village #14 2/2 $505K.

HOMES

1 new listing: 732 Windlass Way 4/3.5 $1.395M.

5 price changes: 1478 Albatross Rd 3/2 now $679K, 242 Christofer Ct 3/2 now $729K, 232 Robinwood Cir 4/3 now $1.195M, 932 Whelk Dr 3/3 now $1.449M, 1743 Venus Dr 4/3.5 now $1.75M.

3 new sales: 376 Lake Murex Blvd 3/2 listed at $598K, 1245 Isabel Rd 3/3.5 listed at $1.548M, 4257 West Gulf Dr 4/4.5 listed at $4.495M

9 closed sales: 575 Piedmont Rd 3/2 $410K, 2114 Egret Cir 3/2 $475K, 1322 Sand Castle Rd 3/2 $500K, 1380 Jamaica Dr 2/2 $570K, 5303 Ladyfinger Lake Rd 3/2 $622K, 5267 Ladyfinger Lake Rd 3/2 $750K, 595 Birdsong Pl 4/2 $835K, 2388 Wulfert Rd 3/4 $1M, 283 Ferry Landing Dr 3/2 $1.675M.

LOTS

3 new listings: 9426 Sage Ct $287K, 223 Robinwood Cir $299K, 2288 Starfish Ln $499K.

No price changes.

1 new sale: 3013 Poinciana Cir listed at $244.9K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Tennis Villas #3231 2/2 listed at $405K, Bayside Villas #5302 3/3 listed at $629.9K.

No closed sales.

HOMES

No new listings, price changes, or new sales.

3 closed sales: 19 Urchin Ct 2/2.5 $855K, 15 Seascape Ct 3/2.5 $985K, 16500 Captiva Dr 5/5 $4.225M.

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.)

rain‘til next Friday, here’s hoping the raindrops stay away & the sunsets continue like the one below!

Susan Andrews, aka SanibelSusan

sanibel sunset pinterest.jpg