Goodbye, red tide.. hello, “Season”


It has been another quiet real estate week on Sanibel – but things are looking up. Red tide and blue/green algae continue to be the hot topic of conversation and in the news. Summer projects at several local communities and condos are finishing up, snowbirds are starting to return, and many of the restaurants and businesses that were temporarily closed for annual maintenance, vacations and renovations are reopening. Below is yesterday’s scoop.

Sanibel realtors logoAt the early morning Sanibel & Captiva Islands Association of Realtors® Caravan Meeting, our Communications and Public Relations Committee presented donations to Meg Dalabes, Community and Education Development Coordinator at ACT (Abuse, Counseling, & Treatment, Inc.). More info at www.actabuse.com.

2018-10-04 ACTThe Association’s “off season” collection drives continue this month with our 2nd “Fall Into Christmas” event on the 25th, to benefit “Friends Who Care”.

The caravan announcements included just a handful of new sales (most off island) and a couple of price reductions (ours at Pointe Santo included). The activity posted in the entire MLS since last Friday is posted after a few news items below. These Caravan meetings will revert to the weekly Thursday morning schedule in November.

After Caravan, the Association’s MLS Task Force met for a presentation by the fourth and final Multiple Listing Service provider candidate. Next, we will be comparing candidate offerings to our member preferences (from a recent survey).

Early afternoon, I stopped to check-out the beach in a couple of spots. At West Wind Inn, the water looked good. I saw evidence of marine life returning; but even so, few people were there.

west-wind-innThen early evening, I saw the below post by the West Wind Inn, confirming my observations. It is some of the best news in weeks. See below:

“Goodbye Red Tide! To ensure the safety and satisfaction of our guests, Sanibel Captiva Beach Resorts has been working closely with Sanibel-Captiva Conservation Foundation (SCCF) and testing the water at our four resort properties for Red Tide for the past couple of months.

“We have seen a steady decline in levels of Red Tide (Karenia) concentration over the last week. Just a couple of weeks ago, we were still seeing an ebb and flow of cell counts in the millions at some locations. In the recent days, the change in winds has helped shift the surface currents to blow offshore. That, combined with the hydrogen sulfide bubbling up and iron being complexed into Iron Sulfide precipitate, has killed the Red Tide cells. We’re excited to report that today we tested with ZERO cell counts of Red Tide at all four of our locations.

“Dr. Rick Bartleson, researcher at SCCF, believes that this was a large-scale event, enough that the Red Tide bloom that has been affecting us since October 2017 may officially be dead in our area, and hopefully will not be returning any time soon.

“While the oxygen level of the water and Red Tide does not affect the safety of the water to swim, the water itself has become more pleasant in color and odor. Some areas of the coast do have dark or brown water, which may be caused by remnants of the Red Tide dying or the dissolving of organic matter and should quickly settle or sediment out and we’ll begin seeing clearer water everywhere.

“It’s a great day for all of us, or as Dr Bartleson says, “unless you’re red tide.”

“As always, we encourage you to keep checking in with us at https://www.clear-purpose.org/ for updates and more information on the water, beaches, weather and other news of value.”

https://www.sanibelcaptivabeachresorts.com/goodbye-red-tid…/

Sanibel Farmers Market Opens for 11th Year

Farmer MarketReopens on Sunday on the grounds of City Hall from 8 a.m. to 1 p.m. This year, it will be there every Sunday until May 26. including Easter but will be closed on Veteran’s Day (but open the following Monday). Thanks to the vision of islander Moms and co-managers of Local Roots, Jean Baer and Betsy Ventura, the market has grown since it began in 2008 to the wonderful fun-for-all outdoor activity that it is today. In addition to local produce, vendors sell breads, honey, seafood, meats, flowers, cheeses, and many other products. It’s a wonderful gathering place too! (A couple of changes this year are 1) no dogs are allowed in the vendor area and 2) a handful of crafters also will be selling their wares. More info at www.BuyLocalLee.com

FishAt Jean and Betsy’s suggestion, as the market closes up each Sunday, vendors pack boxes of their unsold produce and food for donation to the local FISH Food Pantry. The Sanibel Farmers Market also is a drop-off point for canned and packaged food donations – a great reason to bring your shopping bag with a donation and then fill it with fresh goodies to take home.

In January, the Captiva Farmers Market will return for its second season.

Construction of the Jordan Marsh Water Quality Treatment Park

Sanibelcityseal logoMany folks just returning have asked “what is the excavation work underway on Casa Ybel Road?” They are referring to the large City-owned and preserved land parcel next to the Woodhaven which is just beyond The Bank of the Islands building. Here are some highlights from a late-August MySanibel.com post about it.

“The City’s contractor, Wright Construction Group, will begin construction of the Jordan Marsh Water Quality Treatment Park on September 4, 2018.  The water quality treatment park will be located in the vicinity of Periwinkle Way and Casa Ybel Road, on 6 acres of City-owned land known as the Jordan Marsh Preserve and 1.3 acres of land within SCCF’s Andrea Waitt Carlton Family Tract.

“The primary goal of this project is to improve water quality in the Sanibel Slough to help meet Florida water quality standards. Secondary goals of the project are to enhance existing wildlife habitat on the site, provide recreational opportunities, and educate park visitors on the various Best Management Practices (BMPs) used to improve water quality.  The project is being funded in part by the South Florida Water Management District Cooperative Funding Program, Lee County Community Park Impact Fees, and City budgeted funds.

“The project is anticipated to be complete by January 2, 2019.  A temporary stop sign and stop bar will be placed on the Shared-Use-Path along Casa Ybel Road at the construction entrance.  The public is reminded to use caution when traveling through the construction zone and to adhere to all posted signage until construction is complete.

“Please contact the Natural Resources Department at 239-472-3700 if you have any questions regarding this project.”

Happenings at Sanibel’s Historical Village

The below article from the Fort Myer’s Florida Weekly dated Oct 3, 2018.

historical village logo“The Sanibel Historical Village, after being closed for a few months for renovations, reopens Oct. 16. “We’re planning exciting programs this season, including three of our popular Twilight Talks,” said executive director Emilie Alfino. “Our annual gala fundraiser is scheduled for Feb. 19. We look forward to seeing old friends as well as welcoming return guests.”

“The Twilight Talks, which cost $10 per person, include:

  • “Be Our Guest: The History of Lodging on Sanibel and Captiva.” This talk is a partnership between the historical village and the Captiva Island Historical Society. Jan. 30 at the Sanibel Community House.
  • “Sanibel History Quiz,” a Jeopardy like game about the history of the island. March 13 at the Sanibel Community House.
  • “The History of Periwinkle Park.” April 10 at the Sanibel Community House.

For more information or to purchase tickets, call Ms. Alfino at 472-4648. Twilight Talks tend to sell out quickly, she said. A fourth event is sold out already — a Nov. 7 dinner cruise on the Lady Chadwick to Cayo Costa and Cabbage Key.

“There will be a Luminary celebration Dec. 7, and a Free Admission Day on June 15.

“For the first time this year, we are offering a reciprocal museum membership,” Ms. Alfino said. “We have joined the North American Reciprocal Museum family, and a membership at the $150 level or above offers members free admission to more than 900 participating arts, cultural, and historical institutions along with botanical gardens, children’s museums, science and technology centers, and more.” Many institutions include a discount at their gift shops. See www.narmassociation.org for a list.

“New volunteers are always needed at the village. Training begins Nov. 5 and Nov. 12. Interested people are encouraged to call Ms. Alfino at 472-4648. “There are many different things for volunteers to do, so anyone can find a comfortable spot among our village family, doing what they enjoy most,” Ms. Alfino said.

“The Sanibel Historical Museum and Village hours are Tuesdays through Saturdays from 10 a.m. to 4 p.m. Full guided tours take place at 10:30 a.m. and 1:30 p.m. at no additional charge, depending on docent availability.

The Sanibel Historical Village is located at 950 Dunlop Road, next to BIG ARTS, and there is handicap access to the buildings. Admission is $10 for adults over 18. Members and children are free. For more information, call 472-4648 during museum hours or visit www.sanibelmuseum.org.

Traders Gulf Coast Grill & Gifts

traders signThough they reopened this week, they have new hours for Oct: Open at 3 p.m. for happy hour & lite fare, serving dinner from 5 p.m. Closed Sundays & Mondays.

Their new restaurant T2 at the Village Shops is open for lunch and was busy today at noon. Their spinach salad with blacked shrimp = terrific!

Planning Ahead – Upcoming Island Events

“Ding” Darling Days – Fri Oct 12 to Sun Oct 14. Fri is Free “Let’s Get Outside Day”, Sat is FREE “Conservation Art Day”, & Sun is FREE “Family Fun Day”. More info at www.DingDarlingDays.com

4th Annual Pigs In Paradise Roast – Sat Oct 20, hosted & to benefit Children’s Education Center of the Islands (CECI) at the preschool (350 Casa Ybel Rd) from 4 to 7 p.m.

33rd Annual BaileyFest – Sun Oct 21 in Bailey’s Shopping Center from noon to 4-p.m.

10th Annual 10K Race 4 FISH – Sat Oct 27, begins & ends early at The Community House.

Sanibel Blues & Jazz Festival – Sun Nov 4 in Bailey’s Backyard from 12 to 7 p.m. Tickets at https://www.eventbrite.com/e/sanibel-blues-jazz-festival-tickets-50608163379

37th Annual Taste of The Islands – Sun Nov 11 at Sanibel Community Park from 12:30 to 5 p.m. www.crowclinic.org/articles/37th-taste-of-the-islands

The Launch – Sat Nov 17 Coastal Keepers fundraiser at The Community House from 6 to 10 p.m. More info & tickets at www.sancapcoastalkeepers.org/the-launch

New-to-Florida Homebuyers Should Update Their Estate Plan

Florida Realtors logoFloridaRealtors® on-line posted an article this week sourced to the Fort Myers “News-Press”, Hersch, Craig R. (9/28/18):

“There are good tax reasons to move to Florida: State residents don’t have to pay state income tax, they enjoy property tax caps through the state’s Save Our Homes Amendment, and Florida also doesn’t have a death tax.

However, it’s essential for new Florida residents to update their Revocable Trust documents because of the state’s descent and devise laws surrounding Florida homesteads.

“Under that law, if a homeowner is survived by a spouse, absent any nuptial agreement waiving certain rights, it becomes necessary to devise the home outright in fee simple to the spouse. Otherwise, the will or trust contains what is known as an “invalid devise,” in which event the spouse receives a “life estate” interest in the home, and the children of the deceased receive a present “remainder” interest.

“Also, if the homeowner wants to sell the home, the children must agree and sign any listing agreements, contracts to sell or deeds. Further, the children are entitled to part of the proceeds of the sale of the home.”

NAR (National Association of Realtors®) Urges Deduction for Rental Income

realtor logoGood info here about what Realtors® are doing behind the scenes as posted last week in the “Washington Report” on line at NAR.Realtor:

“The Tax Cuts and Jobs Act includes a 20% deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability companies.  The new deduction is intended to provide roughly the same tax rate cut the Act provided to regular corporations.  However, it is unclear whether owners of rental real estate will be able to claim the deduction.

“NAR has asked the Treasury Department and Internal Revenue Service, in a letter, to treat all real property rental activity as eligible for the 20% deduction.  The letter asserts that without this change, the 10 million American owners of rental real estate will be forced to wade through voluminous and confusing tax cases and conflicting IRS positions to determine for themselves whether their rental activity constitutes a “trade or business,” which is a requirement for the deduction.  The letter also lists factors that indicate Congress intended the deduction to be available to the great majority of owners of rental property without the burden of excess complexity.

“The IRS will hold a public hearing on the proposed regulations on October 16.  NAR has requested that a representative of the association be allowed to testify on this issue.

“NAR sent an earlier comment letter to Treasury and IRS on another issue related to the 20% deduction, on the question of whether real estate brokerage activities qualify for it.  In a huge win for REALTORS, the proposed regulations reflected the position suggested by the letter.”

Sanibel & Captiva Islands Multiple Listing Service Activity Sep 28-Oct 5, 2018

Sanibel

CONDOS

3 new listings: Breakers West #A5 2/2 $528.5K, Blind Pass #B209 2/2 $569K, Sundial #T402 2/2 $855K.

2 price changes: Surfside 12 #A1 3/2 now $799K, Pointe Santo #C43 3/2 now $1.125M (our listing).

Roof Deck View a

View from Pointe Santo C43

1 new sale: Sanctuary Golf Villages I #3-4 3/3 listed at $924.5K.

3 closed sales: Spanish Cay #A7 1/1 $245K (our listing), Coquina Beach #5F 2/2 $440K, Breakers West #A4 2/2 $529K.

HOMES

3 new listings: 1327 Tahiti Dr 2/2 $629K, 1442 Sand Castle Rd 3/2 $749K, 1323 Seaspray Ln 4/4.5 $2.448M.

4 price changes: 1740 Middle Gulf Dr 3/3 now $959K, 2479 Blind Pass Ct 3/2 now $1.09M, 243 Daniel Dr 4/3.5 now $1.494M, 1133 Golden Olive Ct 3/3.5 now $2.438M.

3 new sales: 718 Oliva St 3/2 listed at $789K, 544 Sea Oats Dr 4/4 now $1.25M, 1528 San Carlos Bay Dr 3/3 now $1.85M.

No closed sales.

LOTS

1 new listing: 247/255 Robinwood Cir $279K.

No price changes or new sales.

1 closed sale: 1912 Ibis Ln $200K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Cottages #1407 2/2 listed at $1.195M.

1 closed sale: Bayside Villas #5102 1/2 $345K.

HOMES

1 new listing: 11549 Wightman Ln 3/4 $3.995M.

1 price change: 15161 Wiles Dr 5/5.5 now $2.75M.

No new sales.

1 closed sale: 48 Oster Ct 2/2.5 $814K.

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.

As our “Island Sun” ad says this week:

You don’t need Christopher Columbus. The SanibelSusan Team can help you find your piece of paradise.

Enjoy your weekend, Susan Andrews, aka SanibelSusan

See the source image

Labor Day Weekend 2014 on Sunny Sanibel & Captiva Islands


Summer weather abounds on the islands and The SanibelSusan Team is gearing up for the holiday weekend. There still are not many visitors here, but we started to see more action both at the beach and at restaurants yesterday with families arriving for the long weekend.

Palma

 

Even with the limited traffic, we had listings shown this week, with others scheduled over the weekend. It is the time of the year when lower price range properties tend to get more action, so we have our fingers crossed that some of these showings will be productive.

With temperatures in the low 90’s most days, it was a welcomed relief when the humidity dropped midweek giving way to bright sunny days with just occasional showers some evenings.

Sun

Dave and I were both out showing this week, homes by me, off-island investment condos by Dave. I also responded to several emails from prospective island condo buyers just beginning their search and we had a nice closing today!

Below are a couple of news items followed by the action posted in the Sanibel & Captiva Islands Multiple Listing Service this week.

Where to Have Lunch?

We always get inquiries this time of the year about what restaurants are open and which ones are closed. Here’s the latest from our travels this week:

Doc Fords SanibelDoc Ford’s was already closed for a few days for their pre-season work and have reopened.

Over Easy logoThe Over Easy Cafe will close for their deep clean and employee vacations from September 8-18.

Blue Coyote Supper Club logoThe Blue Coyote is closed on Sundays and Mondays through September.

Traders Store & CafeTraders Cafe will close after dinner service tomorrow night and be closed through September.

Sanibel Island Farmers Market

Sanibel Farmers MktWow, time is flying! I saw a posting this week that the Sanibel Island Farmers Market will be reopening for “season” on October 5. It also had a reminder that it was established in 2007.

That was the fastest summer and fastest seven years, I can remember! That’s my Sunday morning stop before the office, so see you there in a just a few more weeks! There’s nothing like eating fresh and buying local.

Taste of the Islands

taste of the island logo_2014Speaking of future events, if you enjoy CROW’s annual “Taste of the Islands”, mark your calendar for Sunday, November 9, when it will be held at The Dunes Golf & Tennis Club from 11 a.m. to 4 p.m.

This is the 33rd year for this fun event for the whole family that benefits CROW (Clinic for Rehabilitation of Wildlife) www.CROWClinic.org.

FISH is Moving

FishAs reported today in the “Island Sun”: “FISH, the 32-year-old non-profit, non-sectarian human services organization, will relocate from its current 2,192-square-foot space – at 1630B Periwinkle Way – to the

building currently occupied in the front by The Sangria Grill, at 2430 Periwinkle Way. The planning commission unanimously approved an application for conditional use approval that will allow FISH of Sanibel-Captiva, Inc. to move its headquarters to a new 3,500-square-foot office space.”

Sanibel Sprout Relocating to Bailey’s Center

Sanibel sproutAlso as reported in the “Island Sun” and at Tuesday’s Sanibel Planning Commission Meeting: “The owners of The Sanibel Sprout received conditional use approval to relocate their business to an approximately 1,000-square-foot space within the Bailey’s Shopping Center, which provides the health food store and juice bar with 20 indoor dining seats….Currently, the business operates from a space in the Palm Ridge Place Shopping Center, located at 2330 Palm Ridge Road.”

3 Reasons Mortgage Demand Is Dropping

loan approvedFrom “Daily Real Estate News” on Monday:

“Fixed-rate mortgages sank to the lowest average of the year last week, yet mortgage origination activity remains lackluster. Why aren’t more home buyers taking advantage of the lower borrowing costs? In a recent blog post, Freddie Mac analysts point to three main factors behind the decrease in mortgage originations:

  1. The refinancing boom has ended. From 2013 to 2014, mortgage applications for refinancings have fallen about 60%. Freddie Mac projects refinance applications will drop by another 50% from 2014 to 2015. When mortgage rates rise—as they are expected to soon—borrowers will have less incentive to refinance. Applications for home purchases are not expected to be able to fill the void from the refi boom.
  2. Home sales are down. Sales of existing and new homes have fallen about 5% during the first six months of 2014 compared to the first half of 2013, according to Freddie Mac. “A period of higher mortgage rates, a harsh winter, and slower economic growth compared to a year earlier contributed to the slowdown,” researchers explain.
  3. More buyers are paying cash. The number of borrowers who took out a mortgage to purchase a home is down compared to last year, but that could be due to more buyers using cash. In the first six months of this year, all-cash home sales were up slightly from 31% to 33%, according to National Association of REALTORS® data. Yet, “with rising home values and fewer distressed homes coming the market, expect the available inventory for all-cash buyers to trend down in the coming year,” researchers note.

“Freddie Mac researchers say the key to an increase in mortgage origination activity will be “sustained economic growth and jobs.” “Overall, recent economic and employment improvements should help bolster household formation and contribute to gains in construction, home sales—and also mortgage originations,” Freddie Mac researchers note. “However, even with these improvements, expect new and refinance mortgage origination volume for this year to be the lowest since 2000 at about $1.15 trillion.””

Strategies for Setting a Price for Your Home

wall street journalI love it when clients share articles they have seen that they think apropos for my blog. This one comes from “Wall Street Journal” Real Estate on line last week (thank you, Scott):

” What’s the perfect price when selling your home? Nobody knows. List too low and watch your investment slip away. List too high and drive potential buyers away.

BLINDED BY LOVE Sellers often overestimate the value of their homes for emotional reasons. To get top dollar for his Portland, Ore., home, Alex Hickman played lowball. He set his asking price below that of comparable homes nearby—and got six offers in four days. “We strategically listed it under market and tried to create kind of a frenzy,” says Mr. Hickman, a 26-year-old credit union examiner. Mr. Hickman purchased the home in 2005 for $325,000 and listed it for $497,000. He says a $505,000 asking price would have been more reflective of the market, especially since the property’s first-floor apartment could generate rental income. Mr. Hickman had also finished the basement of the home, which is in desirable Southeast Portland, an older neighborhood with few new construction projects. So his go-low pricing strategy was a gamble, one his real-estate agent initially counseled against.

PRICED TO THE NINES Research has found that pricing at $999,900 rather than $1 million influences buying decisions on a subconscious level. The home ‘seems way cheaper,’ one professor says. “It creates a havoc that doesn’t serve anyone well,” says Rebecca Walter, Mr. Hickman’s agent at Redfin. A low asking price doesn’t necessarily increase what buyers offer, she says, since they are more willing to compete on other terms of the contract, such as paying all cash for the purchase or waiving the inspection to speed the sale. “In residential real estate, the asking price is often as much about psychology as it is reality. Michael Seiler, professor of real estate and finance at The College of William & Mary in Williamsburg, Va., said that most home buyers don’t realize that setting an asking price is primarily a negotiating tactic. “When you set a list price, you’re sending a signal to the market,” he says.

Mike McCann, a real-estate agent with Berkshire Hathaway Home Services, Fox & Roach in Philadelphia, says pricing can be “a delicate balance.” Most sellers overestimate the worth of their home, he says, and some agents will start with a too-high price to avoid hard feelings. Others agents may start high just to get the seller’s business or, conversely, they’ll price too low for a quick sale and commission, he adds.

NOT BUDGING A precise asking price, such as $795,475, indicates that the seller is less open to negotiation. Most agents say that getting sellers to start with a realistic asking price is one of their biggest challenges. Steve Beckman spent $150,000 on renovations to his 100-year-old farmhouse in Ojai, Calif., which he purchased for $325,000. When selling five years later, Mr. Beckman, a 61-year-old retired landscape designer, asked $500,000—with both financial and emotional factors coming into play. It sat on the market for almost 1½ years, eventually selling for $242,000, far less than he and his wife, Mary, had wanted. “We didn’t even get a nibble at the asking price,” says Mr. Beckman. “Nobody cares what you paid for it.”

“Large gaps between the asking and sale price are somewhat uncommon, says Stan Humphries, chief economist at real-estate website Zillow. In May, median sale prices were only 3% lower than asking prices in 35 metro areas across the U.S., according to a Zillow analysis. Separately, real-estate agents surveyed by the National Association of Realtors said that only 3% of homes sold for less than 23% below the asking price in 2013; and only 2% of homes sold at 12% or more above asking price.

“Homes without comparable sales data often see the widest price gaps, says Prof. Seiler. If the property has historic value, for example, is set on a unique plot of land or has a one-of-a-kind design, it can be more difficult to price. Without comparables, “an appraiser will have no clue what a property is worth and a buyer wouldn’t know either,” he said.

GOING LOW Asking below market price can generate a ‘frenzy’ of offers—but doesn’t necessarily translate to a higher sale price. Comparable prices become less relevant when inventory in a desirable neighborhood is unusually low. “This creates a real feeding frenzy for real estate,” Mr. Humphries says.

No one claims to fully understand the psychology of pricing. But some common practices have emerged. For example, research has found that an exact asking price, such as $795,475, often indicates that the price is less negotiable than a round number, such as $800,000, Prof. Seiler says. “Those using precise pricing show confidence in the price,” he says. Additionally, pricing at $999,900 rather than $1 million influences buying decisions on a subconscious level. The home “seems way cheaper,” according to Prof. Seiler. And even when a home sells above asking price, the initial lower asking price can make buyers feel like they are getting a great deal. “The goal is to make it stick in your head that you’re getting a bargain,” he says. “It’s the way our brain looks at numbers.”

“Developer Sebastian Rein took that approach when he priced a home in the Mar Vista neighborhood of Los Angeles at $2.995 million—just $5,000 less than the intended $3 million price tag. The strategy got the property “a wider audience,” he says. The 4,400-square-foot home sold within a week at $3.1 million. “When you come to market, you have a month or six weeks before it starts to fade in people’s minds,” said Mr. Rein, who listed the property with L.A.-based Partners Trust. “There’s a velocity you have to achieve when you come to market.”

“Of course, unplanned events can sometimes trump price. This January, Karen and Curtis Spillers put their five-bedroom, 1910 home in Wilmette, Ill., on the market for $835,000, a price they considered aligned with the market. Then, a winter storm dumped close to a foot of snow on the ground during the open house. Despite the weather, over 100 people showed up, says Ms. Spillers, 53, a technology public-relations executive who bought the home almost 25 years ago. Within 24 hours, the couple had five offers, eventually accepting a $900,000 bid. They credit the timing: Coming on the market in January meant there was only one other home for sale in their Chicago suburb, which has highly rated schools. The couple, now living in St. Louis, didn’t expect to get a premium on their asking price. “We couldn’t have been happier with the results,” she said.”

Sanibel & Captiva Multiple Listing Service Activity August 22-29

SanCapAssnLogoSanibel

CONDOS

1 new listing: Sanibel Moorings #1622 2/2 $450K.

3 price changes: Sundial #C301 1/1 now $315K, Sanibel Arms West #M8 2/2 now $479.9K, Kimball Lodge #304 2/2 now $499K.

1 new sale: Tennisplace #A26 2/1.5 listed for $349,555.

2 closed sales: Mariner Pointe #711 3/2 $535K (our listing), Sundial #D101 3/2 $765K.

HOMES

1 new listing: 228 Hurricane Ln 3/2.5 $799K.

No price changes.

3 new sales: 989 Dixie Beach Blvd 3/2 listed for $595K, 1504 Angel Dr 4/3 listed for $745K, 1307 Seaspray Ln 4/3.5 listed for $1.595M.

2 closed sales: 1434 Sand Castle Rd 3/2 $543K, 1225 Junonia St 3/2 $610K.

LOTS

1 new listing: 971 Main St $219.9K.

1 price change: 2411 Blue Crab Ct now $479K.

No new or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Beach Villas #2511 2/2 now $575K.

1 new sale: Sunset Beach Villas #2332 2/2 listed for $699K.

No closed sales.

HOMES
Nothing to report.

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.

Best wishes for a great Labor Day weekend! If you want to talk Sanibel or Captiva real estate, please call The SanibelSusan Team (Susan, Dave, Lisa, & Elise)