Happy November Has Begun on Sunny Sanibel


Though November is here, it was sunny summer weather again this week on Sanibel and Captiva Islands. The bright blue skies are great, but it would be wonderful to be rid of record-breaking high temperatures. Looking ahead, the island forecast calls for temperatures in the mid-80’s for the next ten days. If we get lucky, some evenings may go down into the high 60’s.

At SanibelSusan Realty

office pix 09-12-17At the office, I was out showing property two days which resulted in a home sale today, while teammate Dave also showed property and opened listings for showings, plus accompanied home inspectors, contractors, and held some Open Houses. Business is picking up and the roadways are busier too. The report of the week’s action posted in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

Red Tide Update

This week, evidence and reports of red tide have varied day-to-day and hour-to-hour with changes in wind direction, tides, and weather. The latest red tide sampling map posted by Florida Fish & Wildlife Conservation Commission shows high concentrations at Blind Pass, just off the Captiva beach, and in Pine Island Sound. Medium concentrations are noted at beach at end of Tarpon Bay Rd and at Lighthouse Beach. Concentrations also are high on Fort Myers Beach, Bonita Beaches, and Naples. A cool snap sure might help.

Ground Breaking for C-43 Reservoir

C43 reservoir.jpgOne water quality solution is the new Caloosahatchee (C-43) West Basin Storage Reservoir which will intercept and store water released from Lake Okeechobee and stormwater runoff. It will reduce discharges from the lake into the Caloosahatchee Estuary during the rainy season and will allow water managers to deliver freshwater to the river and the estuary during the dry season when it is needed.

Last Friday, Florida Gov. Ron DeSantis visited the C-43 site to break ground on the embankments and canals. “This is a big step forward in expediting one of our most important Everglades restoration projects,” DeSantis said. “Once complete, the C-43 Reservoir will store approximately 55 million gallons of water, with 19 miles of embankments and 15 miles of canals to reduce harmful discharges from Lake Okeechobee and help bring the Caloosahatchee River and Estuary back to health. I thank our partners at the South Florida Water Management District (SFWMD) and the Department of Environmental Projection who I know will work hard to see this project through.”

sfwmd LOGOIslanders continue to also sing the praises of Sanibel resident Chauncey Goss, SFWMD Governing Board Chairman. The SFWMD is working to build the embankments and perimeter canals, allowing the two-cell reservoir to hold 170,000 acre-feet of water. Fourteen water control structures and public recreational features also will be incorporated into the site which is expected to be completed by the end of 2023.

Island Happenings

2019 HalloweenThere were lots of island Halloween events yesterday for both children and grown-ups, including a costume contest at the Association of Realtor® Caravan Meeting. Those Thursday morning meetings where we announce new listings, new sales, and price reductions will continue right through “season”. SanibelSusan’s fortune-teller costume lost out to Willy Nelson and another called “Condo Rider”, but my prediction stands for strong healthy real estate sales this winter.

sanibel Jazz festival pixSunday, Nov 3 – Fourth Annual Sanibel Blues & Jazz Fest – from noon to 7 p.m. at Bailey’s Backyard behind Bailey’s Shopping Center. Bring your own chair, food & beverages available for purchase. $20 general admission at the event entrance. Funds raised aid the Sanibel-Captiva Optimist Club charities.

Roadways & Construction

Sanibelcityseal logoHere are a few areas where you may experience road delays next week. Info from http://www.mySanibel.com.

Periodic Lane Closures Coming on Island – The project to install new overhead signs approaching the island, on McGregor Blvd (Summerlin between Shell Point and the toll both) has been extended through next Fri, Nov 8.

Inspection of 3 Bridges – by Florida Department of Transportation will occur on the causeway bridges between Nov 5 and 7. The first two days most of the work will be done from barges below, but on Thursday, there may be roadway lane shifts.

Vegetation Trimming – on south side of San-Cap Rd from Blind Pass to Tarpon Bay Rd through next Friday, Nov 8.

Sanibel & Captiva Islands Multiple Listing Service Activity October 25 – November 1, 2019

paragon black knight logoSanibel

CONDOS

8 new listings: Spanish Cay #F8 2/2 $399K, Sundial #H307 1/1 $419K, Sundial #C210 1/1 $485K, Mariner Pointe #721 2/2 $534K, Sanibel Siesta #108 2/2 $579K, Compass Point #222 2/2 $695K, Kings Crown #213 2/2 $799K, Sanctuary Golf Villages #4-1 3/3 $925K.

4 price changes: Cottage Colony West #102 1/1 now $589K, Island Beach Club #P1A 2/2 now $619K, Loggerhead Cay #192 2/2 now $745K, Sanibel Moorings #1111 2/2 now $947K.

4 new sales: Yacht Haven #4 3/2 listed at $869K, Compass Point #181 2/3 listed at $1.195M, Villas of Sanibel #A102 3/3 listed at $1.295M, Gulfside Place #326 2/2 listed at $1.449M.

No closed sales.

HOMES

5 new listings: 5303 Ladyfinger Lake Rd 3/2 $679K, 3256 Twin Lakes Ln 3/3 $724.9K, 706 Nerita St 3/2 $774K, 1031 Sand Castle Rd 3/3 $820K, 938 Pecten Ct 3/2.5 $1.039M.

5 price changes: 430 Old Trail Rd 3/2.5 now $579K, 4245 Gulf Pines Dr 3/2 now $700K, 1717 Venus Dr 3/2.5 now $1.199M, 872 Limpet Dr 3/3 now $1.495M, 1238 Isabel Dr 4/4.5 now $3.595M (our listing).

View

The home is just as stunning as the view at 1238 Isabel Dr in Sanibel Harbours!

 

4 new sales: 256 Daniel Dr 3/2 listed at $747K, 9436 Yucca Ct 3/2 listed at $839K (our buyer), 788 Nerita St 3/3 listed at $887K, 5615 Baltusrol Ct 4/6/3 listed at $2,999,999.

3 closed sales: 1060 White Ibis Dr 3/2 $735K, 1305 Eagle Run Dr 3/2.5 $925K, 772 Birdie View Pt 3/3.5 $1.1M.

LOTS

No new listings.

1 price change: 1303 Par View Dr now $319K.

No new or closed sales.

Captiva

CONDOS

No new listings, price changes, or new sales.

2 closed sales: Sunset Beach Villas #2216 1/1 $483.5K, Beach Villas #2426 1/1 $512.5K.

HOMES

1 new listing: 14865 Mango Ct 2/2 $1.295M.

1 price change: 15879 Captiva Dr 3/3 now $2.489M.

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.

We love fallUntil next Friday, here’s to a new month and more fall fun!

Susan Andrews, aka SanibelSusan

Woohoo…Sanibel/Captiva Island Real Estate Activity Has Picked Up!


dolphins-with-baby

It has been another busy real estate week on Sanibel and Captiva Islands. Several SanibelSusan Realty listings had excellent showings and we also had several good meetings with owners considering selling. One new listing is effective this week and another will be posted in a few days, and another a few days after that. I was out showing to several parties, several times, while Teammates David and Lisa also were showing yesterday. It’s great to see almost as much action as the November dolphins jumping in the above photo. (Note the Mama with baby on the right.)

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoYesterday’s Realtor® Caravan Meeting was not as well attended as last week, but the National Association of Realtors annual convention, being held in Orlando this year, may have something to do with that.

This wek the Sanibel/Captiva Caravan of new listings was for West End properties. Next week, when it rotates to East End, we will have two new listings open (from 9 a.m. until noon).

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

Interest Rates Stay Put, But Door Open For December Hike

Florida Realtors logoYesterday, FloridaRealtors® on-line posted the following:

“The Federal Reserve held its key interest rate steady Wednesday and left the door open to a December rate hike amid an improving economy. In a statement after a two-day meeting, the Fed said it decided to keep its federal funds rate at a historically low 0.4%.

2000px-US-FederalReserveBoard-Seal.svg“The Fed said “the case for a rate increase strengthened,” but policymakers decided, “for the time being, to wait for some further evidence of continued progress toward its objectives.” That largely mirrored the September statement, except the Fed added that only “some” advances are needed, suggesting a rate hike may be at hand. The statement added that “inflation has increased somewhat since earlier this year” and removed its previous assertion that “inflation is expected to remain low in the near term.”

“The Fed’s preferred measure of annual inflation, which excludes volatile food and energy costs, is still below its 2% annual target, but it has edged up steadily this year, reaching 1.7% recently. That could pave the way for a rate hike as soon as December.

“Stocks, already on pace for a seventh day of losses, fell further after the statement but shortly began staging a recovery. Some economists said the Fed was unlikely to send an explicit signal of a December rate increase similar to a reference in October 2015 to a possible hike at the “next meeting.”

With markets already pricing in an increase anyway, Fed officials would prefer not to close off their options, economists said. “Absent substantial shocks, they’re set on December,” says UBS economist Drew Matus.

“Among potential shocks are a contested presidential election next week or a victory by Republican Donald Trump that roils markets, economist Paul Ashworth of Capital Economics says.

“After Wednesday’s statement was released, fed fund futures reckoned there was a 72% chance the Fed will lift its benchmark rate at a Dec. 13-14 meeting, up from 68% a day earlier.

“It was unlikely the Fed would act just days before the election, potentially disrupting markets and coloring perceptions of the economy and presidential candidates Trump and Hillary Clinton.

USATodayLOGO“The Fed has stood pat since raising its federal funds rate in December for the first time in nine years, citing factors such as China’s economic slowdown, the United Kingdom’s Brexit vote, volatile markets and a spring slump in U.S. job growth.” Copyright © 2016, USATODAY.com, USA TODAY, Paul Davidson

Upcoming Island Events

bait_box_new_logoTomorrow – Saturday – Esperanza Woodring Memorial Cast Net Rodeo – beginning at 8:30 a.m. at The Bait Box, 1041 Periwinkle Way.

Nov 6 – Sunday – Sanibel Blues & Jazz Festival – 1 to 7 p.m. at Bailey’s Center.veterans-day

Nov 11 – Friday – Veterans Day Ceremony – beginning at 11:45 on the grounds of Sanibel City Hall.

Nov 13 – Sunday –  CROW’s 35th “Taste of the Islands” 12 to 5 p.m. at Sanibel Community Park (across the street from SanibelSusan Realty). SanibelSusan will be working with the front door open (to attract some business & hear the music).

TASTEoftheISLAND-4c-B

Sanibel & Captiva Islands Multiple Listing Service Activity October 28-November 4, 2016

sancap GO MLS logoSanibel

CONDOS

7 new listings: Blind Pass #A205 2/2 $449K, Sundial East #P201 2/2 $789K, Sandpiper Beach #504 2/2 $789K, Gulf Beach #102 2/2 $799K, (our listing, photos below), Surfside 12 #A4 3/2 $869K, Nutmeg Village #100 2/2 $1.195M, Compass Point #192 2/2 $1.295M.

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1 price change: Sundial West #F103 2/2 now $459.5K.

2 new sales: Sanibel Arms West #B8 2/2 listed at $529.9K, Villa Sanibel #2G 2/2 listed at $589K.

4 closed sales: Tennisplace #D21 1/1 $212.85K, Casa Blanca #8 1/1 $255K, Sundial West #F105 1/1 $385K, Mariner Pointe #813 2/2 $437K.

HOMES

6 new listings: 1411 Sandpiper Cir 2/2 half-duplex $439K, 743 Elinor Way 3/2 $695K, 998 Fish Crow Rd 3/2 $725K, 5306 Umbrella Pool Rd 4/4 $895K, 941 Pecten Ct 3/2 $975K, 6494 Sanibel-Captiva Rd 3/2 $2.495M.

7 price changes: 1585 Serenity Ln 3/3 now $574.9K, 4215 Old Banyan Way 3/3 now $699K, 1809 Bowmans Beach Rd 3/2 now $799.9K, 5757 Pine Tree Dr 3/2.5 now $850K, 660 Oliva St 3/3 now $899K, 1724 Bunting Ln 3/4 now $995K, 6129 Starling Way 3/2.5 now $1.39M.

1 new sale: 1150 Schooner Pl 2/2 listed at $599K.

2 closed listings: 9292 Belding Dr 3/2.5 $399K, 988 Beach Rd 3/3 $850K.

LOTS

1 new listing: 602 Boulder Dr $459K.

1 price change: 9426 Sage Ct now $269K.

No new sales.

1 closed sale: 1242 Anhinga Ln $495K.

Captiva

CONDOS

2 new listings: Bayside Villas #5136 1/2 $315K, Beach Homes #18 4/3 $3.495M.

No price changes or new sales.

2 closed sales: Bayside Villas #4102 1/2 $277.5K, Bayside Villas #5240 1/2 $320K.

HOMES

1 new listing: 11523 Andy Rosse Ln 5/5/5 $2.599M.

2 price changes: 14980 Binder Dr 4/3 now $1,377,991; 14860 Mango Ct 5/4 now $2,343,981.

1 new sale: 11537 Laika Ln 4/3 listed at $1.575M.

No closed sales.

LOTS

Nothing to report.

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

Until next Friday, when hopefully we have more real estate action to report, here are a few more dolphins showing off!

Happy weekend! Susan Andrews, aka SanibelSusan

more-dolphins