It’s a Tropical October on Sanibel & Captiva!

It has been another beautiful sunny Friday on Sanibel after a few cloudy rainy days earlier in the week – from more tropical waves passing through SW Florida. Those were a reminder that hurricane season runs through the end of November, though this time of the year sunny afternoons start outnumbering the rainy ones. (Photos here taken yesterday by JMA Photography for our new listing at Mariner Pointe #411, ground-level bayview 3 bedroom.)

Sanibel & Captiva Islands Association of Realtors®

The Sanibel & Captiva Islands Association of Realtors® continues to be physically closed for group gatherings, but at our monthly Zoom membership meeting yesterday, we heard insurance updates from two affiliate members: David Arter with Private Client Insurance Services and Chris Heidrick with Heidrick & Co. Insurance & Risk Management Services. I took a few notes, though some of the news was not the best.

Chris Heidrick in discussing flood insurance reminded that all properties located in AE or VE flood zones that get a mortgage will need flood insurance as a loan requirement. The coverage must be enough for either replacement cost, $250K, or the amount of the loan. Regarding condominium master flood insurance policies, he said associations may buy a master policy that also covers the individual units (up to a maximum of $250K/unit). These do not cover contents. However, many (most) associations do not buy this additional coverage or up to the $250K/unit allowed, so buyers getting a loan need to be prepared to pay for supplemental or enough coverage to satisfy their loan.

In 2014, occupancy also became a factor in the cost of flood insurance. Grandfathering does not apply to occupancy, but basically a property that is owner occupied and not rented at all will pay a lower flood premium.

Properties build pre-FIRM (or before there were area Flood Insurance Rate Maps) may see increases as much as 25%. Pre-FIRM on Sanibel is property constructed before April 1975, before October 1984 on Captiva. With many flood insurance policies assumable, Realtors® were advised to get the insurance carrier and policy information from a seller when a property is listed.

Area flood maps also are in the process of being changed. The new preliminary maps show many VE areas (those with highest premiums) changing to AE (also a velocity zone, but less expensive as rated with less chance of flooding). This map change process takes time with the new maps likely not resulting in rate reductions for a year or two. (You can view these maps and look up your property at http://www.msc.fema.gov. Be sure and check, you may be surprised to see that a property is, or will soon be, eligible for a reduction.

Further regarding flood insurance, Chris advised that beginning in October 2021, properties will no longer be rated based on flood map or flood zone, but rather on a system called “Risk Rating 2”. This system rates a property based on its risk factors like type of construction/structure, actual elevation, proximity to water, etc. Flood maps will still be needed but will not determine the premium amount.

David said that up until about 2018, insurance providers were looser with their underwriting requirements. As an example, prior to that time, a shingle roof that was 15 years old was acceptable, sometimes even those 18 years old, provided they had three years of life left.

Today, with so many storm payouts since then, often because of lawsuits from 3rd party insurance assignees, and Florida paying for the brunt of the claims, a single roof that is less than 10 years old now may be required. Premiums are increasing from 5% to as much as 30-40% (yikes).

Underwriting requirements are tighter with the best rates for properties built in 2014 or newer. For older properties, David’s advice is to mitigate them. Replace the roof, get opening protection (impact glass, shutters, on every opening), and ensure your roof has hurricane clips with three nails. (There are even local companies that specialize in this third nail.)

For new listings, Realtors® were advised to get the Wind Mitigation Report (in addition to the Elevation Certificate). Quizzed on what roof is best, David’s answer was “metal”, provide it meets 2001 building code.

David acknowledged that Florida Realtors® using RPAC dollars was instrumental in the recent reform on Assignment of Benefits, but more change is needed. Those legislative actions take time, with continued torte reform action needed.

RPAC Update – With a few weeks remaining in 2020, even with the many obstacles this year, the Sanibel & Captiva Islands Association of Realtors® already has raised over 400% of their RPAC goal. Always looking to get 100% participation from our members, there may be another push to get more contributors. Including from our RPAC Auction last week, over $22K has been raised this year – all to go toward preserving and protecting real estate and property rights. Congratulations to the two successful bidders that won SanibelSusan’s lobster dinners.

Sanibel & Captiva Islands Real Estate Statistics

As we work through the last quarter of the year, it is interesting to see how the market had rebound from those COVID weeks/months of lockdown. The benefits of island living are now more appreciated than ever. The below data as of today, proves it. Shown are the number and average price of the properties for sale now, those under contract, and those that have already sold and closed this year. Also shown are the statistics 2019 (in total) and the island often-referenced most recent “peak” year or 2006.

Condos Homes Lots All Residential
# Avg Price # Avg Price # Avg Price # Avg Price
Sanibel
For Sale 98 764,405 82 1,882,465 53 848,512 233 1,177,245
Under Contract 38 933,834 53 964,097 11 406,686 102 892,709
Sold 2020 thru 10/23 128 719,381 219 956,023 14 628,419 361 859,411
Sold in 2019 127 694,392 211 949,790 15 372,200 353 833,361
Sold in 2006 143 866,972 156 1,143,682 18 523,917 317 983,665
Captiva
For Sale 24 1,517,500 32 4,129,281 3 4,580,000 59 3,089,779
Under Contract 13 558,607 7 2,390,285 1 5,899,000 21 1,423,471
Sold 2020 thru 10/23 29 891,070 18 2,945,666 2 1,925,000 49 1,688,021
Sold in 2019 29 1,037,077 17 2,737,503 1 1,375,000 47 1,659,315
Sold in 2006 21 1,362,476 10 2,307,375 4 2,218,750 34 1,737,669

Note: Avg Price – shown in italics above for the properties “Available” & “Under Contract” – is average asking price.

The representation is based on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the author nor the Association guarantees or is in any way responsible for its accuracy.

The statistics show that more property has already sold (and closed) on the islands that in all of last year, with inventory low today, particularly for Sanibel homes. With homes, the entry-level and mid-range ones are moving best, while with Sanibel condos, it is the larger more residential variety that are the top sellers.

With last quarter usually when island sales pick up, it will be interesting to see what the next few weeks bring, particularly after the election which often creates a hiccup while voters are distracted. Seems the many distractions this year, including the pandemic have served to make island real estate more desirable. Fingers crossed that the investment variety with rental bookings start moving next, those usually follow residential sales.

City of Sanibel – Emergency Declaration, COVID-19

Again, this week, Sanibel’s Mayor extended the declared state of emergency due to COVID-19 until October 27, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.) Additionally, the City face covering mandate was reaffirmed and remains in effect through the period.

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 60. (There were just 50 cases during the initial six months, but there have been ten since the first of this month. Please stay vigilant – continue social distancing, hand washing, mask wearing, and avoid group gatherings.)

Help the Gopher Tortoises

The City of Sanibel Department of Natural Resources encourages participation in the Florida Fish and Wildlife Conservation Commission (FWC) tortoise conservation efforts. FWC launched a new interactive web application that functions on any device and records sightings. Click here to learn more and report a sighting.

Sanibel has a sizeable population of gopher tortoises and is listed as a threatened species and is protected by both state and local laws. Gopher tortoises are long-lived reptiles that occupy upland habitat throughout Florida. They did deep burrows for shelter, forage on low-growing plants, and share their burrows with more than 350 other species (therefore, referred to as a keystone” species) Gopher tortoises must be relocated before any land cleaning or development takes place, and property owners must obtain permits from the FWC before capturing and relocating tortoises.

The gopher tortoise is one of five North American tortoise species and is the only tortoise naturally found east of the Mississippi River. Its range includes from southeastern Louisiana east to southern South Carolina, and south to Florida, where they are found in all Florida counties.

It is a moderate-sized terrestrial turtle, averaging 9-11” in length when fully grown, though can reach up to 15”. It is identifiable by its stumpy elephantine hind feet and flattened shovel-like forelimbs covered in thick scales. Hatchlings (less than a year old) and juvenile tortoises tend to be yellow-orange and brown in color, but the bright color fades with age. The shell of an adult gopher tortoise generally is tan, brown, or gray.

They can live 40-60 years in the wild, though captive tortoises may live 90+years. The breeding season occurs between March and October. Females typically lay one clutch of 5-9 ping-pong ball-sized eggs per year with eggs deposited between May and July. They nest in open sunny locations frequently with a soft mound of sand at the entrance of their burrow (called a burrow apron). Egg incubation lasts 80-110 days with hatchlings emerging between August and November.

The life of a gopher tortoise revolves around its burrow where they spend 80% of their time. Burrows average 15’ long and 6.5’ deep, though have been documented reaching up to 40’ long and 10’ deep. The burrows help to regulate their body temperature, offer shelter from predators, and serve as refuge for other species including burrowing owls, Florida mice, indigo snakes, rabbits, gopher frogs, and more.

If you see a tortoise crossing a busy road, FWC grants permission to move it across the road in the same direction it was headed if it is safe for you to do so. Do not move the tortoise to another location or put it in a cage as this constitutes illegal possession.

To protect the community gopher tortoises and their habit, Sanibel property owners can:

  • Plant native vegetation for them to feed on.
  • Maintain open areas by trimming back woody vegetation that can “shade out” gopher tortoise burrows.
  • Leave existing gopher tortoise burrows undisturbed.

Sanibel & Captiva Islands Multiple Listing Service Activity October 16-23, 2020

Sanibel

CONDOS

5 new listings: Sanibel Arms #C5 2/2 $499K, Signal Inn #10 1/1 $529K, Sanibel Arms West #K7 2/2 $562.5K, Sundial #G204 2/2 $749K, Sundial #O405 2/2 $1.25M.

3 price changes: Seawind #A108 2/2.5 now $527K, Sandpiper Beach #205 2/2 now $815K, Pelicans Roost #106 2/2 now $959K.

6 new sales: Sanibel Arms #B1 1/1 listed at $419K, Sundial #F205 1/1 listed at $419K, Loggerhead Cay #332 2/2 listed at $549K, Somerset #A101 3/2.5 listed at $1.7M, Sanibel Sunset #201 3/2 listed at $2.195M, High Tide #B302 3/2 listed at $2.295M.

No closed sales.

HOMES

2 new listings: 915 Fitzhugh St 4/2.5 $945K, 685 Sea Oats Dr 3/2 $1.1425M.

4 price changes: 1684 Bunting Ln 2/2 now $519,555; 2001/2003 Mitzi Ln 6/6 duplex now $899K; 9426 Sage Ct 3/3 now $1.039M; 5439 Osprey Ct 4/3 now $1.769M.

8 new sales: 1001 East Gulf Dr 2/2 listed at $639K, 731 Durion Ct 3/2 listed at $737K, 543 Boulder Dr 3/2 listed at $799K, 1860 Ibis Ln 5/3 listed at $895K, 770 Elinor Way 3/2.5 listed at $899K, 549 East Rocks Dr 3/2.5 listed at $1.095M, 2957 Wulfert Rd 4/4.5 listed at $1.525M, 1133 Golden Olive Ct 3/3.5 listed at $2.269M.

7 closed sales: 1797 Serenity Ln 2/2 $430K, 5151 Sanibel-Captiva Rd 2/2 $447K, 915 Main St 2/1 $450K, 1031 Sand Castle Rd 3/3 $695K, 1671 Hibiscus Dr 5/3 $1.05M, 676 Gopher Walk Way 4/5 $1.4445M, 2323 Starfish Ln 4/4 $2.415M.

LOTS

1 new listing: 2933 Wulfert Rd $359K.

No price changes.

1 new sale: 5627 Baltusrol Ct listed at $289K.

1 closed sale: 9226 Kincaid Ct $122K.

Captiva

CONDOS

1 new listing: Sunset Beach Villas #2314 2/2 $779K.

1 price change: Lands End Village #1634 3/3 now $2.345M.

2 new sales: Bayside Villas #5136 1/2 listed at $399K, Beach Villas #2525 2/2 listed at $760K.

3 closed sales: Bayside Villas #5110 1/2 $350K, Bayside Villas #5304 3/3 $639K, Captiva Shores #C6 2/2 $1M.

HOMES

No new listings or price changes.

1 new sale: 11515 Gore Ln 5/4.5 listed at $2.395M.

No closed sales.

LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Until next Friday, Susan Andrews, aka SanibelSusan

Sanibel & Captiva Scoop – Columbus Day Weekend

SanibelSusan here reporting another day of beautiful weather on Sanibel. The islands continue to slowly reopen, as sea turtle nesting and rainy season finish up for the year. News on both is positive.

A few days ago, SCCF posted on their Facebook page that “Sea turtle season is really winding down on the islands. Currently, we are monitoring 12 nests, a substantial difference from the record number of 669 nests on Sanibel and 268 nests on Captiva earlier this season. So far, a total of 33,267 hatchlings have made it to sea.”

Water quality was an agenda item at Tuesday’s Sanibel City Council meeting. Acting Director of Natural Resources, Holly Millbrand reported that although Lake Okeechobee water level is up and there has been some increase in water releases, there are no signs of any negative effects here, no red tide or blue green algae. “I’m pleased that the corps has been willing to take a more cautious approach,” she said, referring to the U.S. Army Corps of Engineers that determines when and how much water to release from the lake. “We encourage the corps to weigh all the factors…,” she said, adding that there is not so much concern from the corps of potential dyke failure even though the level is high.

Though that is all good news for returning snowbirds and the additional vacationers expected over the holiday weekend, many have been carefully watching the weather and the track of Hurricane Delta. All clear here today with that tropical weather pattern resulting in some lower humidity this week. The forecast says next week it will be in the mid to high 80’s with the usual chance of afternoon and evening thunderstorms. That usually equates to nice beach weather during the day, followed by a spectacular sunset. There have been some beauties lately.

Sanibel & Captiva Islands Association of Realtors®

Still closed for group meetings, the islands Association of Realtors® has revised plans for a couple of their annual events. Our end-of-season golf outing, party, and auction to benefit RPAC which were postponed from May until this month is revised again with a 2-day auction coming up next week (October 12-14) followed by an hour-long Zoom party.

Through the years, our RPAC dollars have worked on many ownership issues affecting islanders. As an example, last week, a bill that funded the federal government through December 11 was signed into law. That bill includes a full-year extension of the National Flood Insurance Program (NFIP) and surface transportation funding. Under the agreement, NFIP authority is extended through September 30, 2021. This is the second year in a row for a full fiscal year extension for flood insurance. While Realtors® continue to work toward comprehensive insurance reform and long-term reauthorization, the marketplace needs stability and continuity. In the continuing resolution is a similar extension of surface transportation funding. Transportation projects take years from concept to completion, and any lapse in funding is especially disruptive. This is a win for those looking toward a post-coronavirus market.

Here is another unusual twist because of COVID-19. For our local RPAC auction, SanibelSusan often donates a Maine Lobster Bake which is a dinner kit that comes from The Lobster Net in Brewer, ME. Included are not only jumbo fresh lobsters and a large pot for cooking them, but also all of the other ingredients, supplies, and instructions needed for a complete party-style meal, from appetizers to desserts. For years, the donation has sold for far more than the actual value. Imagine my surprise when I checked their website this year and found this message “Due to pandemic, live lobsters 2.0 – 4.0 lbs. are temporarily next to impossible to find.” So, this year’s donation is a little different.

The Association Annual Meeting and election of officers will be by electronic voting in early November. No word yet on when group in-person committee and Caravan meetings will resume.

The week’s action posted in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until October 13, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.) Additionally, this week, the City face covering mandate was reaffirmed and remains in effect through the period.

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 54.

Other Upcoming Events & Openings/Reopenings

The Sanibel Sprout Juice Bar & Vegan Café – reopened this week in their new just-remodeled location in Islander Center, 2407 Periwinkle Way, (former location of Totally Baked).

The Island Store (Captiva) – at the corner of Andy Rosse Lane & Captiva Drive, reopened this week after a nearly year-long renovation. Operated by Bailey’s General Store, it is open daily Sunday through Thursday from 8 a.m. to 6 p.m. Friday and Saturday from 8 a.m. to 8 p.m.

Sanibel Historical Village – reopening October 20 with safety protocols. Will be open Tuesdays through Saturdays from 10 a.m. to 4 p.m. All visitors, volunteers, and staff will be required to wear a mask and observe social distancing. Guided tours are suspended until January. However, visitors may make appointments for guided tours with 48-hour advance notice (for minimum of six, no more than ten guests). For self-tours, there are audio buttons in each building and brochures. Annual gala fundraiser canceled, but several Twilight Talks are in the planning stages. Events will be posted on museum website, http://www.SanibelMuseum.com.

Bailey-Matthews National Shell Museum “Mollusk Monster Mash” – October 27 at Traders. The Shell Museum’s kick-off fundraising event for the season will have a few new twists. Tickets include a gourmet meal served with wine either at the restaurant or with a takeout option delivered to your car. With socially-distance seating inside and out, reservations are needed. Call 239-395-2233 for more info.

SCCF’s “Wines in the Wild 2020” – November 13 – This year the event will not be at the Bailey Homestead, but at your homeINstead with SCCF providing the ingredients for a fun evening. The portable party “to go” will be available for touchless drive-by pickup at the Bailey Homestead on November 13. Included are a bottle of white and red wine; food by chefs from Cielo, Catering by Leslie Adams, Spoondrift, and Sweet Melissa’s Café; a centerpiece designed by the Native Landscapes & Garden Center; a link to a specially curated Wines in the Wild music playlist; & a yummy dessert, & surprises too. Contact SCCF by November 6 to reserve your box.

Sanibel & Captiva Islands Multiple Listing Service Activity October 2-9, 2020

Sanibel

CONDOS

4 new listings: Spanish Cay #F6 1/1 $293K, Breakers West #B5 2/2 $569K, Loggerhead Cay #462 2/2 $579K, Sanibel Sunset #201 3/2 $2.195M.

3 price changes: Cottage Colony West #101 1/1 now $585K, Sanibel Inn #3514 2/2 now $699K, Sanibel Surfside #124 2/2 now $1.025M.

3 new sales: Sundial #D204 1/1 listed at $450K, Island Beach Club #320C 2/2 listed at $829K, Sanibel Surfside #123 2/2 listed at $935K.

3 closed sales: Blind Pass #E205 2/2.5 $380K, Sandpebble #4E 2/2 $460K, Sunset South #11A 2/2 $537K.

HOMES

7 new listings: 1603 Sand Castle Rd 3/3 half-duplex $580K, 3926 Coquina Dr 3/2 $769K, 640 Periwinkle Way 3/2 $825K, 966 Kings Crown Dr 3/2 $1.06M, 1152 Buttonwood Ln 3/3.5 $1.695M, 677 Anchor Dr 5/5.5 $1.895M, 418 Bella Vista Way E 4/4 $1,995,900.

3 price changes: 9426 Sage Ct 3/3 now $1.059M, 201 Violet Dr 3/2 now $1.1M, 1761 Venus Dr 4/4 now $2.195M.

5 new sales: 4044 Coquina Dr 2/2 listed at $499K, 1223 Par View Dr 3/2 listed at $725K, 1326 Tahiti Dr 2/2 listed at $775K, 4345 Gulf Pines Dr 4/4 listed at $855K; 1352 Eagle Run Dr 3/2.5 listed at $1.095M.

4 closed sales: 1954 Roseate Ln 3/2 $520K, 4339 Gulf Pines Dr 3/2 $620K, 2439 Harbour Ln 3/3 $950K, 1175 Bird Ln 4/3/2 $3M.

LOTS

No new listings or price changes.

1 new sale: 2486 Wulfert Rd listed at $129K

2 closed sales: 978 Main St $162,450; 4334 West Gulf Dr $900K.

Captiva

CONDOS

1 new listing: Beach Homes #6 3/3 $2.998M.

3 price changes: Gulf Beach Villas #2112 1/1 now $492.5K, Captiva Shores #1B 3/2.5 now $1.799M, Lands End Village #1608 3/3 now $2.085M.

2 new sales: Gulf Beach Villas #2005 2/2 listed at $755K, Captiva Hide-A-Way #2A 2/2 listed at $900K.

2 closed sales: Beach Villas #2418 2/2 $765K, Beach Homes #30 4/4.5 $3.15M.

HOMES & LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Enjoy your weekend! Susan Andrews, aka SanibelSusan

First Fall Friday on Sunny Sanibel

There has been chatter this week that the run-off from recent rains has darkened the baywaters. Took this pix today at 11 a.m. overlooking San Carlos Bay. It’s a bit darker from the tannin run-offs, but there have been no releases from Lake O. The Army Corps of Engineers says there will be no releases into the Caloosahatchee River for now.

Good news today from sunny Sanibel Island. The flooding from Tropical Storm Sally has mostly disappeared. The rain that flooded the area the weekend of September 12 dropped more than 24”, culminating an already rainy week. It was a record according to a report this week by Sanibel’s Director of Community Services who categorized it as a 100-year event. Sanibel’s weirs, designed to deal with flooding, were opened that weekend when 12.1” of rain fell in one day on already soggy ground.

An added surprise from this week’s change in weather pattern was low humidity, breezy sunny days, and little rain – nice weather for the many shellers collecting the bounty that came in from the recent storms.

A few showers are expected off-and-on over the weekend, but next week, little-to-no-rain again is expected with more sunny days and low 80-degree temperatures forecast. Fall is arriving in the Sunshine State.

High tide at Sanibel Marina this morning.

Outside dining at Gramma Dot’s.

At SanibelSusan Realty Associates

It has been a quiet week at SanibelSusan Realty. About all I can say about the Zoom class, that I taught Tuesday at the Association of Realtors®, is that I am glad it is over. It sure is hard to teach to an empty room and keep attendees engaged. With renewed respect for teachers and instructors dealing with today’s challenges, I appreciate the Realtors® that attended my session.

Below are a couple of news items followed by the activity since last Friday in the Sanibel Captiva Multiple Listing Service.

Status of Sanibel’s Residential Market

Based on recent action (more than usual for September), it is a good time to compare island real estate sales last year to the unusual-ness of 2020.

The tables below show by month and property type, the number of closed sales and average sale prices. Naturally, a closing occurs several weeks and sometimes a month or so after a contract is written so look at these statistics being mindful that contracts written this month, probably will not close until October, November, maybe even December.

The first tables for Sanibel homes show how strong this year began, followed by a big slump in May. That reflects the few new sales in the preceding months (late February, March, & April) which typically are “high” season and have strong sales – not so this year.

Since June, the number of closed home sales each month has exceeded the same month in 2019. Year-to-date numbers are strong. Home prices overall are down a little but holding steady. Already, this year, more homes have sold and closed, than in all of last year.

Closed Sanibel Home Sales by Month (# Sales & Average Sold Price $)
January February March April May
2020 15 848,755 18 1,095,708 25 1,171,820 30 1,097,441 9 732,388
2019 9 1,057,222 11 1,504,590 18 947,923 31 848,458 40 1,010,454

 

Closed Sanibel Home Sales by Month (# Sales & Average Sold Price $)
June July August September to 24 Year-to-Date
2020 14 716,460 39 804,765 21 959,805 20 961,160 191 953,193
2019 14 797,692 25 871,282 9 819,222 10 978,170 167 957,429

Comparing these Sanibel homes sales to current inventory, it really is astounding that even with the pandemic, 191 have sold/closed. Compare that to there just being 82 homes available for sale now. Average asking price is $1,838,648.

Another 59 homes are under contract, average asking price of those is $985,760. That large number of sales compared to inventory, indicates a sellers’ market, particularly in the median price range.

Looking at the same statistics for Sanibel condos, the picture is not as bright. Condos are moving more slowly, yet still ahead of 2019 overall. Those moving best are higher-end units mostly in residential communities. Income-producing condos have not seen a bounce-back. Investors may be wary of future rental projections, but I bet that changes in the upcoming months.

Today, there are 106 Sanibel condos for sale, which is about a year’s worth of inventory. Average asking price is $790,741. There are 27 units under contract, with an average asking price of $850,525.

Closed Sanibel Condo Sales by Month (# Sales & Average Sold Price $)
January February March April May
2020 11 650,060 16 621,093 19 880,947 16 670,150 9 901,000
2019 6 626,875 9 622,944 16 586,312 16 744,203 20 792,350

 

Closed Sanibel Condo Sales by Month (# Sales & Average Sold Price $)
June July August September to 24 Year-to-Date
2020 6 622,666 14 598,642 10 792,622 13 724,769 114 720,375
2019 10 650,350 8 414,500 9 793,555 5 568,800 99 669,782

Year-to-date, nearly twice as many homes have sold as condos. Even more of a disparity between homes and condos was evident during the summer (June 20-September 20, 2020). During that time, 88 Sanibel homes sold and closed, compared to 22 Sanibel condos. That trend continued this week too. Lower-priced Sanibel homes are selling like hotcakes, condos not so much.

Great Places Where Beginning Birders Can Get Their Wings

A special to USA Today this week posted an article that began with “While most of us have stuck close to home this year, bird watching has taken flight. The outdoor activity, which naturally encourages social distancing, has soared in popularity… wildlife refuges and parks make it easy to see a wide variety of flyers and shares some prime locations:”

First on the list is J.N. ‘Ding’ Darling National Wildlife Refuge.

But this week it did not require a ride through the refuge to see my favorite roseate spoonbill. Many were spotted sloshing along the bike path in a few areas where the water has yet to recede.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until September 29, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 49.

In other City Business, City Council will meet on September 29 at 5:01 p.m. for the final budget hearing for tax year 2020. That is when the debt service ad valorem millage rates for the tax year are adopted. That means the 2020 tax bills should come out on time, later next month.

COVID Personal Protective Equipment Kits

The City of Sanibel has received an allotment of COVID Personal Protective Equipment (PPE) from Lee County, and has partnered with FISH OF SANCAP, CHR, The Rotary Club of Sanibel-Captiva, and the Sanibel Community Association (SCA) to distribute these items on Wednesday September 30 and Thursday October 1st from 11 a.m. to 5:00 p.m. at The Community House, 2173 Periwinkle Way, with drive-thru contactless pick up. Kits are FREE to individuals and households that live or work on Sanibel. They include disposable masks, reusable cloth masks, and a bottle of sanitizer. (To help in the distribution, contact FISH at 239-472-4775.)

Openings & Fall Scoop

Sanibel Farmers Market – begins October 4 and runs through May 30, 2021 every Sunday (including Easter) from 8 a.m. to 1 p.m., on City Hall grounds. Parking available in lots at City Hall, Sanibel Library, BIG ARTS, & Schoolhouse Theater. Handicap parking & designated areas for bicycles at City Hall, but no pets allowed.

“B” Beach Parking Permit Sales to Resume – Following up on the suspension of the sale of “B” parking permits when beaches were closed, the City announced plans to start reselling all stickers at their normal schedule of November 1. The City offers five different parking permits. The resident “A” sticker is $12/year for taxpayers and property owners. Restricted “B” permits, for nonresidents, are $124.

Sanibel & Captiva Islands Multiple Listing Service Activity September 18-25, 2020

Sanibel

CONDOS

5 new listings: Sandpebble #2B 2/2 $480K, Mariner Pointe #1043 2/2 $490K, Sandpiper Beach #401 2/2 $789K, Sanibel Surfside #123 2/2 $935K, Sanibel Surfside #124 2/2 $1.05M.

2 price changes: Pointe Santo #A1 2/2 now $875K, Sanddollar #A101 2/2 now $1.15M.

6 new sales: Donax Village #10 1/2 listed at $358K, Sundial #I405 1/1 listed at $419K, Lighthouse Point #229 3/2 listed at $712K (our listing), Pointe Santo #D32 2/2 listed at $749K, Blue Gulf 201 3/2 listed at $1.199M, Sunward #201 3/2 listed at $1.259M

9 closed sales: Spanish Cay #A3 1/1 $280K, Casa Blanca #4 1/1 $337K, Seashells #36 2/2 $365K, Cottage Colony West #134 1/1 $575K, Sunset South #2D 2/2 $675K, Sanibel Surfside #126 2/2 $750K, Sanctuary Golf Villages I #5-4 3/3 $760K, Shell Island Beach Club #7C 2/2 $760K, Sanibel Moorings #522 3/2 $1.25M.

HOMES

1 new listing: 916 Almas Ct 3/3.5 $1.39M.

1 price change: 555 Rabbit Rd 3/2 now $599K.

17 new sales: 1403 Sandpiper Cir 3/2.5 half-duplex listed at $490K; 9455 Beverly Ln 2/2 listed at $524K; 1410 Sand Castle Rd 2/2 listed at $645,750; 1031 Sand Castle Rd 3/3 listed at $695K; 934 Cormorant Cir 3/2 listed at $729K; 1296 Par View Dr 3/3 listed at $749K; 9393 Peaceful Dr 3/2.5 listed at $799K; 702 Durion Ct 3/2 listed at $819.9K; 1430 Sanderling Cir 4/3.5 listed at $899K; 1081 Captains Walk St 4/2.5 listed at $995K; 1259 Par View Dr 3/4 listed at $1.175M; 490/460 Old Trail Rd 3/2.5 listed at $699.9K; 1073 Sand Castle Rd 3/2 listed at $795K; 1777 Serenity Ln 5/4.5 listed at $919K; 6041 Sanibel-Captiva Rd 2/1 listed at $949K; 1259 Par View Dr 3/4 listed at $1.175M, 2343 Wulfert Rd 4/4.5 listed at $1.42M.

8 closed sales: 9214 Kincaid Ct 2/2 $355K, 560 Piedmont Rd 3/2 $450K, 454 Lake Murex Cir 3/2 $610K, 9106 Mockingbird Dr 3/2 $700K, 345 Cowry Ct 3/4.5 $722.5K, 940 Lindgren Blvd 3/2 $935K, 1329 Eagle Run Dr $1.28M, 4577 Waters Edge Ln 4/3 $2,754,333.

LOTS

No new listings.

1 price change: 1303 Par View Dr now $310K.

1 new sale: 2501 Tropical Way listed at $695K.

No closed sales.

Captiva

CONDOS

1 new listing: Bayside Villas #5134 1/2 $399K.

No price changes.

No new sales.

1 closed sale: Bayside Villas #5234 1/2 $390K.

HOMES & LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Until next Friday, enjoy your fall! Susan Andrews, aka SanibelSusan

Paradise Post-Sally… Just Another Sunny Friday!

Tropical Storm Sally caused some excitement on Sanibel this week, even if she did not come ashore here. Following many rainy season days, Southwest Florida already was soggy when the storm slowly passed offshore last weekend. So slowly, that as the week began, the City reported that in just nine days, 20.47” of rain had been recorded. Then, there was more.

Late Sunday, between bands (silly me, I thought it had stopped), I went out to check a nearby listing. Just minutes from my home, I received multiple City and County tornado warning messages – cell calls, texts, and emails. Thankfully, those were just caution alerts. Within the hour, the warnings were canceled. There are some cool wall-of-water photos taken then, posted on www.MySanibel.com.

With more often-heavy rain and strong winds Sunday night, by daybreak Monday, a moat surrounded my home and Anchor Dr, at the gulf-end was impassable in a low vehicle. Since that was the last day of my Continuing Ed classes via Zoom, I opted to take them at home, while Elise opened the office.

A surprise for her was finding SanibelSquare also flooded. A little water made it in up the step and through our back door, but for the most part, the buildings here bordering Periwinkle are OK.

The back buildings were not as lucky. They remained flooded as did the parking lot until the sun came out Wednesday.

Monday when the water in our front lawn along the bike path subsided, Elise spotted the return of a marsh bunny. We were worried about those little guys.

We love our critters and got a giggle Tuesday afternoon when ducks enjoyed our parking lot, swimming by our back door.

Island-wide, including on Captiva, it took nearly all week for the water to go down in many areas. Today, when out doing sign and property checks, I saw high water at the entrance to West Rocks and in the swales along West Gulf Dr. Luckily the forecast for the next week (other than Sunday) has little or no rain expected.

At SanibelSusan Realty Associates

Our listings had a few more inquiries and showings this week. The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

The Association of Realtors® annual 12-part educational series to earn the islands specialist designation began this week. On Tuesday morning, I will be teaching the Resort and 2nd Home Market module by Zoom. It probably will not be as much fun as a classroom setting but I have my course material updated and will do my best to make it informative.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until September 22, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 49.

Effective today (Sep 18, 2020), on Sanibel, irrigation is permitted only two days per week based on property address. Odd addresses on Mondays and Thursdays, even addresses on Tuesdays and Fridays. No irrigation is permitted between 9 a.m. and 5 p.m. As of today, these regulations now apply year-‘round.

Another recent pro-environment City change is: As of Oct 1, 2020, plastic bags many no longer be used for yard and horticulture waste for collection by the City’s waste hauler. Yard and horticulture waste may continue to be properly bundled, collected in refuse containers, or disposed of in biodegradable paper lawn and leaf bags.

SCCF’s Turtle Patrol

SCCF Photo

The Conservation Foundation’s Turtle Patrol reported Monday that more than 50 sea turtle nests on Sanibel and about 25 on Captiva were still incubating as of Saturday. They thought about 10 nests may have washed away on Sanibel, but their team had not been able to assess Captiva due to high water.

Some nests were visibly washed out. Others had their stakes washed away, but eggs still incubating under the sand. Their turtle team worked all week to confirm which nests were fully lost. In some, they found stranded hatchlings and assisted getting them to the gulf.

Their updated report on Wednesday, said “Our team is using a GPS device to confirm which nests have been fully lost…. the beaches of Sanibel and Captiva, once crowded with a record number of yellow stakes marking nests, now host only 51 incubating nests on both islands combined. The season is all but over, with our last nests due to hatch in October. So far, 569 nests have hatched and 32,862 hatchlings have started their long journey to the Loop Current.”

Openings/Closings/September Scoop

The September vacations, deep cleans, and maintenance projects and improvements continue with the following business announcements this week:

Blue Giraffe – reopens tomorrow (Sat, Sep 18).

Cheeburger Cheeburger – reopens tomorrow (Sat, Sep 18).

Joey’s Custard – closed through Sep 30.

Over Easy Café – reopens tomorrow (Sat, Sep 18).

Paper Fig Kitchen – closed through Sep 20.

Schnapper’s – closed through  Sep 20.

The Sanctuary – Is often the site of our annual Realtor® End-of-Season Golf Tournament & Auction which some old-timers still call the “Over-the-Hump Party”. This year, because of the pandemic, it was postponed from late May until mid-October. This week it was announced that The Sanctuary has canceled all member and non-member events through December, so our tournament and party are canceled. But we will still have an RPAC auction – albeit a 2-day on-line event ending with a Zoom meeting. Just another twist to 2020.

Traditions at Island Inn – Closed for vacations through Sept 29.

Sanibel & Captiva Islands Multiple Listing Service Activity September 11-18, 2020

Sanibel

CONDOS

3 new listings: Casa Blanca #8 2/1 $375K, Sundial #D204 1/1 $450K, Loggerhead Cay #573 2/2 $679K.

4 price changes: Seawind #A108 2/2.5 now $528K, Mariner Pointe #421 2/2.5 now $579K, Loggerhead Cay #192 2/2 now $719K, Pointe Santo #E23 2/2 now $899K.

5 new sales: Seawind #A103 2/2.5 listed at $579K, Loggerhead Cay #532 2/2 listed at $689K, Island Beach Club #220F 2/2 listed at $745K, Blue Gulf #201 3/2 listed at $1.199M, Sanibel Sunset #301 3/2 listed at $1.95M.

2 closed sales: Colonnades #3 1/1 $235K, Pointe Santo #D21 2/2 $530K.

HOMES

2 new listings: 1653 Bunting Ln 3/2.5 $647K, 1352 Eagle Run Dr 3/2.5 $1.095M.

1 price change: 3751 Coquina Dr 3/2 now $839K.

8 new sales: 915 Main St 2/1 listed at $439K, 1797 Serenity Ln 2/2 listed at $445K, 799 Casa Ybel Rd 5/3 duplex listed at $570K, 690 Durion Ct 3/2 listed at $695K, 9307 Dimmick Dr 3/2 listed at $699K, 1170 Buttonwood Ln 4/2 listed at $899K, 2343 Wulfert Rd 4/4.5 listed at $1.42M, 1175 Bird Ln 4/3/2 listed at $3.25M.

6 closed sales: 3001 Swinging Wind Dr 2/2 $406K; 1350 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex $708,375; 1406 Causey Ct 3/2.5 $830K; 1271 Sand Castle Rd 3/2.5 $880K; 1437 Causey Ct 3/2.5 $902K; 940 Lindgren Blvd 3/2 $935K.

LOTS

No new listings.

1 price change: 1159 Golden Olive Ct now $1.599M.

No new sales.

1 closed sale: 4767 Tradewinds Dr $1,435,750.

Captiva

CONDOS

No new listings or price changes.

6 new sales: Bayside Villas #5110 1/2 listed at $369.5K, Bayside Villas #4204 1/2 listed at $389K, Bayside Villas #5136 1/2 listed at $399K, Bayside Villas #5228 12 listed at $399K, Bayside Villas #4220 1/2 listed at $415K, Beach Villas #2422 1/1 listed at $545K.

1 closed sale: Tennis Villas #3120 1/1 $300K.

HOMES & LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Until next Friday, Susan Andrews, aka SanibelSusan

Labor Day Weekend 2020 on Sunny Sanibel Island

There was an uptick in real estate showings and inquiries this week at SanibelSusan Realty. Many neighborhoods and complexes have annual maintenance and summer repair projects underway, yet the islands are expected to have more visitors over the three-day holiday weekend.

Following a couple of news items below are the week’s postings in the Sanibel & Captiva Multiple Listing Service.

City of Sanibel

On Tuesday, Sanibel Mayor Ruane issued City Proclamation 20-061, extending the declared state of emergency due to COVID-19.

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26, as of August 31, is 42. That is the total number of positive cases reported during that 5+month period, not current cases.

Proclamation 20-061:

  • Extends temporary prohibitions of alcohol on beaches. (Possession or consumption of alcoholic beverages are prohibited from 7 a.m. through 5 p.m. seven days a week at all City-operated beaches & associated parks or picnic areas with public parking (including Bowman’s Beach, Blind Pass, Gulfside City Park (Algiers), Lighthouse Beach & fishing pier, Trost lot (Tarpon Rd beach), Bailey Rd north beach, & picnic areas at Sanibel boat ramp).
  • Extends temporary parking fines. (Until November 30, 2020, parking fines remain $200 to prevent overcrowding at beach parking lots & around beach access points.)
  • Extends until November 30, 2020, the temporary allowance for certain outdoor displays of merchandise.

The state of emergency extension is until September 8, 2020, unless further extended. (Per State Statute the maximum time for a Mayoral Declaration of Emergency is seven days, so it must be updated weekly while there are emergency conditions.)

Shoreline Stabilization Project at Turner Beach

On Monday, the City posted that Turner Beach Park will be closed September 8 through November 6 for a construction project.

The project includes the removal and replacement of the rip-rap revetment along the south side of the park, drainage improvements throughout the entire park, ADA accessibility improvements, and dune restoration.

Lee County Tourist Development Council is providing the funding.

SCCF Documents Most Loggerhead Nests Ever

2020 is a record-breaking nesting season on both islands for loggerhead sea turtles. As of September 2, the Sanibel-Captiva Conservation Foundation (SCCF) sea turtle team has documented 679 nests on Sanibel breaking the previous record of 649 in 2017. On Captiva, 265 nests have been recorded, beyond the previous record of 194 in 2016.

Sea turtles have complex life cycles – females lay more than one nest per year but do not typically reproduce every year, so even when the population is stable, it is natural to see fluctuations from year to year.

After the red tide during the 2018 nesting season stranded more than 100 loggerheads, there was concern that the number of adults lost would have a negative impact on the nesting season this year. SCCF has a research project underway to better understand how these algae blooms affect the health of surviving turtles.

Sanibel School Back in Session

The Sanibel School is back in session this week, with students adjusting to some changes due to the pandemic. The school has been shut down since Spring Break in March, when lockdown orders were issued, and the Lee County School District transitioned into a remote learning program.

This week, school leaders expected about two-thirds of its enrollment – or about 180 students – to be back in class for face-to-face learning. New safety protocols are in place aimed at keeping students and faculty safe. The remaining students opted for one of three home study options offered by the school district.

Sanibel & Captiva Islands Multiple Listing Service Activity August 28 – September 4, 2020

Sanibel

CONDOS

4 new listings: Ibis at The Sanctuary #202 2/2 $487.5K, Loggerhead Cay #373 2/2 $669,555; Seawind #A103 2/2.5 $579K, Sunset South #10C 2/2 $725K.

1 price change: Sanibel Arms #D7 1/1 now $339K.

2 new sales Sunset South #14B 2/2 listed at $950K, Yacht Haven #2 3/2 listed at $999K.

6 closed sales: Blind Pass #E202 2/2 $392.5K; Sand Pointe #227 2/2 $715K; Seawind II #2 2/2.5 $763,225; Sand Pointe #116 2/2 $870K; Somerset #C302 3/2 $1.5M; High Tide #A301 3/2 $1.845M.

HOMES

4 new listings: 555 Rabbit Rd 3/2 $629K; 1410 Sand Castle Rd 2/2 $645,750; 2343 Wulfert Rd 3/3.5 $1.42M; 4067 West Gulf Dr 5/4.5 $5.9M.

3 price changes: 734 Anchor Dr 3/2 now $850K, 1717 Jewel Box Dr 3/3.5 now $2.348M, 1069 Bird Ln 4/3.5 now $4.595M.

7 new sales: 915 Main St 2/1 listed at $439K, 1752 Serenity Ln 3/2 $450K, 4455 Gulf Pines Dr 3/2 listed at $738K, 756 Windlass Way 4/3 listed at $869K, 3351 Barra Cir 3/2.5 listed at $1.199M, 2739 Wulfert Rd 4/5.5 listed at $1.25M, 790 Beach Rd 4/3.5 listed at $1.295M.

8 closed sales: 968 Greenwood Ct S 3/2.5 half-duplex $377K (our listing), 1890 Farm Trl 3/2 $524K, 1559 Sand Castle Rd 3/2 $640K, 3117 Twin Lakes Ln 3/2 $788K, 1358 Sand Castle Rd 4/3.5 $925K, 3850 Coquina Dr 3/3 $1.04M, 912 Kings Crown Dr 3/3.5 $1.175M, 5089 Joewood Dr 6/5 $2.85M.

LOTS

1 new listing: 2501 Tropical Way $695K.

2 price changes: 355 Cowry Ct now $295K, 1048 Fish Crow Rd now $340K.

2 new sales: 2307 Wulfert Rd listed at $199K, 2319 Wulfert Rd listed at $199K.

2 closed sales: 2462 Wulfert Rd $207K, 1219 Par View Dr $275K.

Captiva

CONDOS

No new listings.

1 price change: Captiva Hide-A-Way #1C 2/2 now $879K.

No new or closed sales.

HOMES

No new listings.

1 price change: 16447 Captiva Dr 7/6/2 now $2.89M.

1 new sale: 53 Sandpiper Ct 2/2.5 listed at $889K.

No closed sales.

LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Enjoy your weekend! Susan Andrews, aka SanibelSusan

Island Real Estate Selling During the Pandemic

SanibelSusan reporting that it has been another quiet week on Sanibel. Some of the local private schools reopened (Canterbury School this week, Bishop Verot next week). On-island, late vacationers are here enjoying the beaches while dodging seasonal showers and business has settled into the dog days of summer.

August/September often is when island lovers start thinking about the upcoming winter and planning their upcoming escapes from cold weather. We are working with buyers from afar as they await Florida’s full reopening.

Redfish Pass at the tip of Captiva earlier this week.

The action posted in the Sanibel & Captiva Multiple Listing Service since last Friday follows a few items, including the status of the local real estate market and latest COVID-19 info.

Sanibel & Captiva Real Estate Scoop

Buyers are asking what the repercussions have been from the pandemic on real estate sales. That question is heard almost as often as “what happened following Hurricane Irma in 2017” and the later water woes.

Below is a comparison of island real estate closings during COVID for the six months of 2020, from Valentines’ Day through August 14, and the same time frame before Irma in 2017 and the years with red tide 2018/2019.

Island Sales from February 14 to August 14

 

Year

CONDOS HOMES LOTS ALL RESIDENTIAL
# Price $ DOM # Price $ DOM # Price $ DOM # Price $ DOM

SANIBEL

2020 78 725,852 157 135 964,248 165 6 471,166 364 217 865,647 167
2019 80 668,828 146 143 910,134 168 10 419,900 725 233 806,242 184
2018 104 728,529 183 142 1,161,457 155 13 815,538 288 259 970,255 173
2017 82 742,847 193 120 1,036,917 166 21 334,738 600 223 862,659 217

CAPTIVA

2020 14 944,000 107 9 3,561,555 171 2 1,925,000 462 25 1,964,800 158
2019 13 1,023,230 401 11 3,216,686 258 0 N/A N/A 24 2,028,564 335
2018 12 769,354 115 12 2,225,942 197 0 N/A N/A 24 1,487,648 156
2017 20 681,512 265 15 2,611,466 410 2 2,312,500 1,005 37 1,552,087 364

(Info from Sanibel & Captiva Islands Multiple Listing Service, disclosure at bottom applies.)

What I glean from these statistics is that regardless of what happens in the world, with the weather, the water, the economy, or the year. Sanibel and Captiva have been and continue to be desirable. Even during the recession, island real estate continued to sell and sell well. Prices fluctuate with inventory and seller motivation. Island inventory is low, but from the pandemic, demand is increasing.

Florida’s Single-Family For-Sale Inventory Hit Record Low in 2Q

The following article by Kerry Smith was posted yesterday online at FloridaRealtors®: “ORLANDO, Fla. – Florida homeowners: There’s never been higher demand for your home. Economists generally consider a six-month supply of for-sale homes (inventory) to be balanced between buyers and sellers. An inventory greater than six months is a buyer’s market; an inventory less than six months is a seller’s market. In the second quarter of 2020, Florida’s inventory of homes was 2.8 months.

““Apart from the condo-townhouse category, we are at record lows right now,” says Florida Realtors Chief Economist Dr. Brad O’Connor.

“Florida Realtors records sales of condominiums and townhouses separately, and at 5.7-months’ supply in the 2Q, the condo-townhouse market remains in seller territory, but it’s closer to a balanced market.

The coronavirus-related shutdown impacted Florida’s single-family inventory, but more homes now appear to be coming into the market.

“Still, demand from buyers, thanks in part to record-low mortgage rates, has not subsided. Selling prices have continued to trend upward as buyers find too-few available homes for sale. In the second quarter, the median price for a Florida single-family home was $277,500 – 4.7% higher year-to-year.

““All indications are that Florida will continue to see home sales surge through the end of the summer, with our biggest near-term issue being a severe lack of single-family inventory,” O’Connor said in the report. “With mid-year inventory levels down over 27% compared to last year, the scarcity of homes on the market will continue to propel prices upward. Price growth has remained so strong throughout the pandemic that at the mid-point of the year, Florida has already seen close to $50 billion worth of closed single-family home sales – less than 2% off last year’s pace.”

“The inventory problem isn’t just in Florida. Fannie Mae’s latest U.S. market report found similar conditions nationwide, with a few buyers pulling back as home prices continue to rise.

““Supply constraints appear to be applying upward pressure to consumers’ home price expectations, which in turn has contributed to both a sharp reversal in optimism about whether it is a good time to buy a home and further improvement in home-selling sentiment,” says Doug Duncan, senior vice president and chief economist at Fannie Mae. © 2020 Florida Realtors®”

To bring this closer to home, the sold info below is extracted from my table above and compares those island sales over the last six months (during the pandemic) to today’s inventory:

 

Status

CONDOS HOMES LOTS
# Price $ DOM # Price $ DOM # Price $ DOM

SANIBEL

Sold 2/14-8/14/20 78 725,852 157 135 964,248 165 6 471,166 364
Under contract 22 713,968 151 48 973,223 150 7 349,193 386
Available today 115 826,994 224 111 1,654,230 189 58 824,531 461

CAPTIVA

Sold 2/14-8/14/20 14 944,000 107 9 3,561,555 171 2 1,925,000 462
Under contract 10 759,145 144 4 1,876,000 264 0 N/A N/A
Available today 34 1,162,582 231 41 2,873,024 249 3 3,563,000 555

(Info from Sanibel & Captiva Islands Multiple Listing Service, disclosure at bottom applies.)

Applying the economist definition about six months of inventory, it remains a buyer’s market for condos and vacant lots on both islands, as well as Captiva homes. But it now is a seller’s market for Sanibel homes.

This could change as recovery from the pandemic continues and winter approaches. Coming up are the months when the most island listings usually come on the market. I wonder if it will be different this year. Being safe may be as important to some as the islands being eco-friendly, natural, and laid-back. That could mean sellers will hold tight and it also could mean there will be more buyers. An interesting period is ahead. 2020 may continue to be a year for the record books in more ways than one.

Tidbits from NAR Economist Dr. Lawrence Yun

Yesterday was the first monthly membership meeting of the Sanibel & Captiva Islands Association of Realtors® since the pandemic began.

Granted it was by Zoom, but it featured one of my favorite economists, Dr. Lawrence Yun.

Here are a few of my notes from his presentation.

  • 2nd quarter was softer from the government-imposed economic lockdown.
  • Migration into Florida continues with about two-thirds of those here wanting a comfortable life with no income tax.
  • A surge in spending is coming (pent-up).
  • Today mortgage applications are 20% higher than a year ago.
  • Real estate is always a good hedge against inflation.
  • Today’s massive federal deficit will result in inflation.
  • The long-term real estate outlook in Sanibel/Captiva is bright with more companies offering flexibility on working from home and more retirees looking to come to the sunshine state.
  • The Federal Reserve likely will be accommodating for the next two years. Expect 3% rates to remain for the next 18 months, then slowly rising in 2022.
  • Encourage buyers to lock into the low rates before inflation appears.

Openings/Closings/Rescheduling

On Tuesday, Mayor Ruane extended Sanibel’s declared State of Emergency in response to COVID-19, until August 18, 2020, unless further extended. (Per State Statute the maximum time for a Mayoral Declaration of Emergency is seven days, so it must be updated weekly while there are emergency conditions.)

Since March 26, a total of 40 COVID 19 cases have been reported on Sanibel by Florida Department of Health (DOH), five on Captiva.

2021 Shell Show Cancelled – As a member of the Sanibel-Captiva Shell Club, I received the following email notice on Wednesday: “On August 10, 2020, the Sanibel-Captiva Shell Club Board of Directors held a Zoom meeting to discuss the merits of having the 2021 Sanibel Shell Show vs. the health risks.  As the number of positive Corona Virus cases continue to escalate in Florida and throughout the country, and because of the inability to predict the status of the virus in the early months of 2021, the Board erred on the side of caution and voted to cancel the show. Our major concern with having a Shell Show like we have had in the past is the safety, health, and welfare of everyone involved. However, there will be a Shell Festival and the Sanibel-Captiva Shell Club will support the Sanibel Community Assn. and work with them to make it a success. We are investigating the possibility of having an educationally oriented virtual Shell Show event that would begin on the opening day of the festival. The bottom line is that we hope to have a Shell Show, but it will be different from the competitive show that we have had in the past. The October issue of The Junonia will have updated information about the Board’s plans.”

Sanibel Library – Temporarily closed for sanitization, but open for digital borrowing. Phone and email support available Monday through Friday from 9 a.m. to 5 p.m. The library’s eShelf and all online services remain available 24/7. All user fees waived during the closure. For more info, call 239-472-2483 or visit http://www.SanLib.org.

SanCap Cares – Posted this week on SanCap Cares Facebook page: “Given the current state of the pandemic, and after much discussion among the SanCap Cares committee members, we have made the decision to cancel the rescheduled 20th Anniversary Celebration that was slated for November 22, 2020…. The 2021 annual event is still on for March 28, 2021 at the Sanctuary Golf Club. Lee Health and Golisano Children’s Hospital needs us now more than ever! See you in 2021”

Sanibel Recreation Center & Playgrounds – Community Park (across from our office) and Bowman’s Beach playgrounds are open. At the Rec Center, registration for the After-School Youth Program is open. A new on-line reservation system also has been set up for members using the lap pool, tennis courts, and weight room. To comply with social distancing protocols, use of the Rec Center is by appointment only with reservations. Go to www.MySanibel for more info.

Travel Restrictions Removed by Governor – On August 6, Gov. Ron DeSantis signed Executive Order 20-192, which addresses short-term vacation rentals and rescinds the travel restrictions for the tri-state area: New York, New Jersey and Connecticut. People from those areas had been advised to self-quarantine for two weeks. The executive order also rescinds the previous employee screening requirements for restaurant employees. This means employees who have previously tested positive do not need to receive two negative tests before they can come back to work. Employers are required only to implement screening protocols pursuant to CDC guidance. The executive order also removes the requirement that employees who have traveled through an airport in the last 14 days be prohibited from working in a restaurant.

Sanibel & Captiva Islands Multiple Listing Service Activity August 7-14, 2020

Sanibel

CONDOS

4 new listings: Ibis at The Sanctuary #102 2/2 $479K; Seawind #108 2/2.5 $529K; Lighthouse Point #121 3/2 $609,906; Blind Pass #G105 4/3 $969K.

3 price changes: Gulf Beach #106 2/2 now $849K, Somerset #A101 3/2.5 now $1.7M, Plantation Village #322 3/3 now $2.55M.

2 new sales: Spanish Cay #A3 1/1 listed at $293K, Sandpebble #4E 2/2 listed at $475K.

4 closed sales: Sundial #B406 2/2 $732.5K, Sundial #T301 2/2 $805K, Sanctuary Golf Villages I #4-3 3/3 $900K, Loggerhead Cay #514 2/2 $965K.

HOMES

5 new listings: 1797 Serenity Ln 2/2 $445K, 600 Boulder Dr 3/2 $599K, 9240 Belding Dr 3/2.5 $620K, 1001 East Gulf Dr 2/2 $649K, 545 Lake Murex Cir 3/3 $1.075M.

2 price changes: 718 Durion Ct 3/2 now $599K, 4345 Gulf Pines Dr 4/4 now $855K.

5 new sales: 4606 Brainard Bayou Rd 2/2 listed at $469.9K, 9240 Belding Dr 3/2.5 listed at $620K, 1350 Middle Gulf Dr #1F (Moonshadows) 3/3 half-duplex listed at $729K, 1724 Bunting Ln 3/3.5 listed at $949.5K, 1121 Skiff Ln 3/3 listed at $999K.

3 closed sales: 1010 Kings Crown Dr 3/3 $980K, 3706 West Gulf Dr 4/3 $1.2M, 4775 Rue Helene 4/3 $1.499M.

LOTS

No new listings.

1 price change: 1048 Fish Crow Rd now $350K.

1 new sale: 978 Main St listed at $169.9K.

No closed sale.

Captiva

CONDOS

No new listings or price changes.

5 new sales: Tennis Villas #3120 1/1 listed at $308K, Bayside Villas #4112 1/2 listed at $375K, Bayside Villas #5114 1/2 listed at $380K, Bayside Villas #5234 1/2 listed at $399K, Beach Villas #2418 2/2 listed at $759K.

No closed sales.

HOMES

No new listings

1 price change: 1124 Longifolia Ct 4/5 now $2.649M.

No new or closed sales.

LOTS

No new listings, price changes, new or closed sales.

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.

Until next Friday, stay safe, enjoy your weekend & this recent sunset photo shared by our photographers, Jim and Jimmy Anderson with JMA Photography. Their photo was taken recently from one of their drones overlooking the same area of South Seas Plantation as my photo above (Lands End Village overlooking Redfish Pass). Summer sunsets are the best!

Susan Andrews aka Sanibel Susan

Below is our ad from today’s “Island Sun”.

Another Summery Friday on Sanibel

Happy Friday from the SanibelSusan Team. Typical sunny summer weather continues with occasional showers. Essentially no impact was felt here from Tropical Storm (later Hurricane) Isaias passing by the East Coast last weekend. With Atlantic and Gulf waters now very warm, even for summer, you can be sure we will continue to watch the weather channel right through hurricane season. Because of that warm water, more activity than normal is expected.

Yesterday afternoon while checking a couple of properties I snapped the following photos will my cell. From the bay to the gulf, even with recent occasional showers, waters are clear and bright.

Regarding COVID-19

On Monday, Mayor Ruane extended Sanibel’s declared State of Emergency in response to COVID-19, until August 11, 2020, unless further extended. (Per State Statute the maximum time for a Mayoral Declaration of Emergency is seven days, so it must be updated weekly while there are emergency conditions.)

Florida Department of Health (DOH) reports a total of 38 COVID-19 cases on Sanibel, five on Captiva.

On a positive note, DOH on-line reports that Lee County test results from Wednesday showed a lower percentage of positive test results. On August 5, it reports the county had 2,187 negative tests, 136 positive, or 5.9% positive. We all hope that downward trend continues.

SanibelSusan Realty Associates

All of us are back at work this week, wearing masks and happy to say that office visitors are wearing them too. We had a few of those this week, some folks thinking of buying, others, Realtors® comparing notes on the market and picking up/returning keys.

Island inventory remains low as we roll into what are traditionally the slowest months of the year (Aug, Sep, Oct), but we know this year certainly is not like the norm. Since last Friday, the islands Multiple Listing Service reports 20 new Sanibel sales (8 condos/12 homes) and both a condo and a home sale on Captiva. The complete weekly update of the action posted in the Sanibel & Captiva Multiple Listing Service this week is after a couple of news items below.

The annual Association of Realtors SCIS designation classes (Sanibel & Captiva Islands Specialist) have been rescheduled for September 15-October 2, so I am updating the segment I teach on the Resort and 2nd-Home Market. I have been teaching this class for eight years, but this will be my first using Zoom. Wish me luck.

Four Florida Beaches Make List of USA’s Most Charming Beach Towns

Posted Monday, August 3, by SouthFloridaReporter.com:

“The TravelMag results are out with Destin, Key West, Sanibel Island, and St Augustine, making the list of the Most Charming Beach Towns in the USA.  Florida had more beaches on the list than any other state.

“Waves lap 88,633 miles (142,641 km) of United States shoreline from the Arctic Ocean in the northwest, and the Pacific to the Atlantic Ocean from west to east (according to the US Census Bureau). And all along these twists and turns of land, around the bays and inlets, estuaries and peninsulas, there are signs of human existence, from mighty cities like New York and Los Angeles, to remote towns and peaceful beaches. In all, 23 of the 50 States meet an ocean at some point, while an additional seven states have shoreline beach towns along one of the Great Lakes.

“Therefore, we decided to ask a broad array of writers, travel bloggers, photographers and other in-the-know professionals to pick the five beach towns they consider to be the most charming in the United States. To be eligible for inclusion, a town or city had to have a population of fewer than 30,000 people. After totting up the votes, we now present to you, in alphabetical order, the 30 beach towns our survey deemed the USA’s most charming.… [See the entire list HERE]….”

Below is what it had to say about Sanibel:

Sanibel Island, FL

Located off the southwest coast of Florida, the barrier island of Sanibel is known for its shells. Beachcombers can pick their way along the long expanses of coarse sand, like those at Bowman’s Beach, looking for their own specimens. Alternatively, see the grand collection at the Bailey-Matthews National Shell Museum. Sanibel Island’s human story is largely one of first conquering the elements, by controlling the wetlands and building a causeway from the mainland. In recent decades however, the focus has shifted more towards long-term goals through conservation and protection of these delicate environments, with much of the island dedicated to wildlife refuges, particularly JN Ding Darling, where you might be lucky to see roseate spoonbills, mangrove cuckoos, pelicans, alligators, turtles and even a bobcat.”

‘Ding’ Darling Free Lecture Series Moving to Community House for 2021

From the August 6, “Santiva Chronicle” on-line :

“The upcoming season’s “Ding” Darling Friday Lecture Series will evolve with the times and persisting distance protocols by moving to the larger venue of the Sanibel Community House at 2173 Periwinkle Way. The free lectures will occur on five select days throughout the season with one 10 a.m. lecture per day.

“The 17th annual “Ding” Darling Friday Lecture Series, which runs Jan.29 through March 19, 2021, features photographers Clyde and Niki Butcher, Feather Thief author Kirk W. Johnson, and eminent authorities on water conservation, eagles, owls, and woodpeckers.

““The uncertainties of COVID-19 challenged us to experiment with a new lecture series format so we could accommodate high-quality lecturers but still abide by new distancing guidelines,” said Ann-Marie Wildman, “Ding” Darling’s Nature Store manager and lecture series organizer. “We would be very limited on how many we could seat at our usual venue in the “Ding” Darling Visitor & Education Center auditorium, but the Community House gives us more latitude. So, we’ve decided on fewer lectures with topnotch speakers.”

“…Visit dingdarlingsociety.org/articles/lecture-and-film-series for further information on lecturers. Seating for the free lectures is limited and available on a first-come basis. About 200 seats will be available. Face masks will be required. DDWS will be filming most lectures and broadcasting them on Facebook Live at www.facebook.com/dingdarling….”

Salt Pulping on Wood Pilings

Teammate Dave had to put me in my place last week when we were discussing some piling damage at a home we viewed. From the archives he pulled out a summary provided January 12, 1996 by Max Anderson, Sanibel’s Building Official at the time. If you need a reminder too, here is that info:

“There have been several instances of a strange looking fuzzy decay and deterioration on wood pilings on Sanibel. There seemed to be no answer as to why this was happening and what to do to correct the problem.

“Samples were taken from some pilings where this occurred and sent to Dr. Terry Amburgey at Mississippi State University. He is a recognized expert on wood products. He indicates this problem is called salt water pulping and caused by salt water being absorbed up into the piling. This happens because, in his opinion, the piling is not dried or aged properly prior to use.

“To stop the action of the salt water, the water column in the piling must be blocked, some important facts and best possible suggestions to correct the problem are as follows:

  1. The chromated copper arsenate (C.C.A.) pressure treatment is the most common method used. This is a waterborne treatment and drying prior to use of the wood piling is critical.
  2. When driven into a salt water environment the natural air drying above grade causes the salty water to be sucked or drawn up into the wood.
  3. It is necessary to block this water column action to stop this salt water pulping.
  4. A suggested method to break this water column is to drill a ½-inch diameter hold in one face of the piling near the base at an angle downward into the center. Move to each of the other 3 faces of the piling moving up about 12” and drill similar holes. Pour these holes full of a water preservative generally available at a hardware store. Go back several times over a couple of weeks refilling the drilled holes. The preservative will be drawn into and absorbed by the piling. Then seal the hole.
  5. Brush off existing fuzz and deteriorating wood from the face of the piling and coat with the water preservative.
  6. This treatment as suggested should break the water column drawing the salt water into the column.

“This is a treatment which is recommended by Dr. Amburgey and has not been tested, but in his opinion should correct the problem of salt water pulping. The Sanibel Building Department would like for people using this system to report back in approximately one year as a test program.”

Salt Damage to Wood

Since I wondered if there were more recent articles on the subject, here is an interesting one I found from the USDA Forest Service, Forest Products Laboratory (#06-2011-001):

“Many types of deterioration can affect wood in service. One potential problem facing dock owners is the occasional development of “fuzzy wood” caused by salt uptake into the wood. This salt damage – also referred to as “salt kill” or salt defibration – is sometimes seen in wood that is chronically exposed to salt, such as marine pilings, bridge decks where salt is used as a de-icer, utility poles that are splashed with road salt, or wood associated with salt storage.

Wood in this instance acts like a bundle of straws, wicking salt water into the wood structure. As the wood surface is exposed to heat and drying (as from direct sunlight), the water evaporates and salt crystals form in the wood cells. Over time, the physical forces exerted by the salt crystals push the fibers of the wood apart, causing the “fuzzy” appearance. This phenomenon is often seen in extreme environments, both hot and cold. Past research at FPL has shown that salt damage can accumulate in as little as 5 years of repeated wetting and drying cycles. Salt damage can be observed on untreated wood or wood treated with waterborne preservatives, such as CCA (copper chromated arsenate) and ACQ (alkaline copper quat). It does not usually occur on wood treated with oily preservatives, such as creosote, because the oil forms a barrier to the sale movement.

“Although salt damage may be unsightly, the fuzzy wood need not be cause for alarm. The gradual sloughing off of the wood surface proceeds slowly, and the wood beneath the affected area remains sound. Salt damage has been observed on poles and pilings that are still in service after 25-30 years. Paints, coatings, or barriers have been suggested to prevent the movement of water from the wood surface, but it’s not clear how effective these treatments might be….”

Sanibel & Captiva Islands Multiple Listing Service Activity July 31-August 7, 2020

Sanibel

CONDOS

No new listings.

4 price changes: Sanibel Arms #C7 1/1 now $356K, Sandalfoot #3C1 2/2 now $639.9K, Heron at The Sanctuary II #2B 3/3.5 now $759K, Heron at The Sanctuary II #3A 3/2.5 now $799K.

8 new sales: Casa Blanca #4 1/1 listed at $357K, Blind Pass #E205 2/2.5 listed at $405K, Sunset South #A11 2/2 listed at $549K, Cottage Colony West #134 1/1 listed at $614.5K, Sanctuary Golf Villages I #5-4 3/3 listed at $790K, Sanibel Surfside #126 2/2 listed at $799K, Seawind II #2 2/2.5 listed at $799.9K, Sundial #K402 2/2 listed at $1,149,900.

3 closed sales: Sanibel Arms #A7 1/1 $338K, Sanibel Shores #A2 2/2 $459K, Sandalfoot #1C1 2/2 $775K.

HOMES

1 new listing: 537 Lake Murex Cir 3/3 $1.095M.

6 price changes: 9247 Dimmick Dr 3/2 now $580K, 9128 Mockingbird Dr 3/2 now $699K, 1296 Par View Dr 3/3 now $749K, 1777 Serenity Ln 5/4.5 now $919K, 4629 Rue Bayou 5/3 now $1.195M, 2411 Blue Crab Ct 4/4.5 now $2,494,900.

12 new sales: 454 Lake Murex Cir 3/2 listed at $630K, 4339 Gulf Pines Dr 3/2 listed at $695K, 9106 Mockingbird Dr 3/2 listed at $749K, 3117 Twin Lakes Ln 3/2 listed at $793K, 5422 Shearwater Dr 3/2.5 listed at $799K, 1752 Jewel Box Dr 2/2 listed at $859K, 1406 Causey Ct 3/2.5 listed at $895K, 401 Lagoon Dr 4/4 listed at $899K, 776 Conch Ct 3/2 listed at $899K, 1437 Causey Ct 3/2.5 listed at $925K, 940 Lindgren Blvd 3/2 listed at $948K, 5089 Joewood Dr 6/5 listed at $3.495M.

7 closed sales: 1356 Jamaica Dr 2/1.5 $515K, 1973 Wild Lime Dr 4/3 $554K, 5834 Pine Tree Dr 2/2 $675K, 701 Nerita St 3/2 $675K, 2100 Sunset Cir 3/2 $698K, 2284 Troon Ct 4/4.5 $1.7M, 5615 Baltusrol Ct 4/4/3 $2.895M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 5847 Pine Tree Dr $300K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5114 1/2 listed at $380K.

1 closed sale: Bayside Villas #5104 1/2 $385K.

HOMES

No new listings

1 price change: 11555 Wightman Ln 3/2 now $3.695M.

1 new sale: 11514 Wightman Ln 5/5 listed at $1.895M.

No closed sales.

LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”. Until next Friday, Susan Andrews, aka SanibelSusan

Wrapping Up July on Sunny Sanibel Island

It has been another quiet week on sunny Sanibel. One with beautiful summer weather – typical for the days before a tropical event. Teammate Dave remarked this morning about how bright sunset was last night. Saharan dust is orange and red, so sunsets through the dust haze are often bright and brilliant.
Something else that is pretty spectacular this time of the year is the night-blooming cereus. These desert-type cactus bloom once a year in the summer when the temperature drops at night. Their large flowers are showy and a contrast to their typically unexciting appearance.
There is a large group of them on trees on the north side of Periwinkle Way. I have enjoyed them for many years, just catching the tail-end of their blooms as I head to the office in the morning.
The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing service is after a couple of news items below.

Watching the Weather

You can bet that many have been doing plenty of weather watching this week. The early afternoon forecast looks like Hurricane Isaias will skim past the east coast of Florida, so that is a relief. Southwest Florida looks to be totally out of the cone. But, we also know that it pays to stay tuned. Hurricanes have changed path before. On a more positive note, several east coast residents are coming here to enjoy the weekend. Their business will be welcome.

Island Openings/Closings

Sanibel Mayor Ruane has extended the declared state of emergency in response to COVID-19 until August 4. As of yesterday, the Florida Department of Health announced one new confirmed COVID-19 positive tests on Sanibel bringing the total cases since March 26 to 35. The City’s home page (www.MySanibel.com) has direct access to these daily reports.
Re-openings:
  • Sanibel Community House has announced August events (with masks and social distancing required): Thursdays at 1 p.m. open forum on “Leading Life Currently”; Kids Cooking Camp M-F August 3 to 7 from 10 a.m. until noon (private lessons also available); Camp to Go Shell Critter Kits & Camp to Go Art Kits available for purchase or to ship; Lee Health Blood Mobile Thurs August 20 10 a.m. to 3 p.m.; Community House Rib Night Social Fri August 21 beginning at 6 p.m. More info at www.sanibelcommunityhouse.net and 239-472-2155.
  • Sanibel Historical Village already has been closed for four months and usually is closed during the off-season August 1 through mid-October. They updated their membership this week and advise that current plans are to reopen with new safety precautions on October 20.
  • Beginning Mon, August 3, J.N. “Ding” Darling National Wildlife Refuge will resume charging Wildlife Drive admission fees which have been waived since March 23 to avoid unsafe interaction during the pandemic. Now with safety protocols, the daily vehicular fees will return to $5 and entry fees for pedestrians and cyclists over age 15 again is $1. Although the Visitor & Education Center will remain closed until announced, its “America’s Best Restroom” will reopen to the public daily from 9 a.m. to 5 p.m. also starting August 3. The Nature Store inside the visitor center is offering free curbside delivery for orders placed on www.ShopDingDarling.com during the physical store closure. Call 239-472-1100 Ext 241 or visit the website to lean more.
  • Tarpon Bay Explorers’ narrated tram tours of Wildlife Drive will resume on August 4 and will run every Tuesday, Thursday, and Saturday at 8:30 a.m., 11 a.m., and 1:30 p.m. until further notice. Visitors also may purchase annual and federal passes from the Wildlife Drive fee booth Saturday through Thursday and at the Tarpon Bay Explorers’ gift store on Fridays. Call 239-472-1351 or 239-472-8900 for latest info.

Taken about noon today at Tarpon Bay Explorers

A couple of long-time island retail establishments are closing:
  • Owners of The Sporty Seahorse Shop at 362 Periwinkle Way are retiring, after 30 years on Sanibel’s east end. According to their ad in today’s “Island Sun”, starting August 1 all merchandise is 40% off.
  • C. Turtles Hip Boutique at 1985 Periwinkle in Tahitian Gardens closed yesterday after 24 years in business. We still miss Susie as our neighbor at her former location in Sanibel Square.

The Return of McMansions? They Answer Pandemic Buyers’ Needs

Posted yesterday on-line at FloridaRealtors® and sourced to Realty Biz News (07/27/2020) Wheatley, Mike
“NEW YORK – As the pandemic compels people to spend more time indoors, experts say home buyers are increasingly searching for larger spaces with so-called McMansions apparently back in fashion, says Sonia Hirt, dean of the University of Georgia College of Environment and Design. “The suburban home that was so stereotypical and boring suddenly proved itself to have benefits we’ve completely forgotten about,” Hirt says.
“A recent report by the National Association of Realtors® found that the median size of an existing home was 2,060 square feet prior to the coronavirus pandemic. For new homes, however, the median size was 2,291 feet, according to the National Association of Home Builders. Architects say they expect those medians to increase in the next year.
““It’s being driven by people looking for the right combination of functionality and price,” says Ken Perlman, managing principal at John Burns Real Estate Consulting. Families want more room to accommodate adult relatives who might have moved in due to the pandemic. College students and young adults also opted to move back home due to stay-at-home measures and the economic situation.
““We’re going to see another bump in multigenerational living,” says Donna Butts, executive director of Generations United. “By combining resources, they can afford a bigger house or a more comfortable lifestyle.””

Sanibel & Captiva Islands Multiple Listing Service Activity July 24-31, 2020

Sanibel
CONDOS
2 new listings: Sundial #J107 2/2 $729K, Pointe Santo #A31 2/2 $949K.
2 price changesMariner Pointe #522 2/2 now $484.9K (our listing), Seawind II #2 2/2.5 now $799.9K, Sanddollar #B104 2/2 now $1.05M.
1 new sale: Shell Island Beach Club #7C listed at $799K.
4 closed sales: Sanibel Arms West #B2 2/2 $490K, Mariner Pointe #542 2/2 $565K, Sanibel Surfside #132 2/2 $840K, Island Beach Club #340E 2/2 $1.06M.

View from Mariner Pointe #522

HOMES
2 new listings: 981 Main St 4/2.5 $699.9K, 1035 S Yachtsman Dr 5/4.5 $1.099M.
2 price changes: 1752 Jewel Box Dr 2/2 now $859K; 734 Anchor Dr 3/2 now $875K.
2 new sales: 9036 Mockingbird Dr 3/2 listed at $624,999; 1271 Sand Castle Rd 3/2.5 listed at $925K.
9 closed sales: 9465 Calla Ct 3/2 $475K; 1361 Tahiti Dr 2/2 $509,600; 954 Donax St 3/3 $510K; 433 Lake Murex Cir 3/2 $550K; 5056 Joewood Dr 3/2 $800K; 1199 Par View Dr 3/2.5 $950K; 2385 Wulfert Rd 4/5 $1M; 2477 Wulfert 3/4 $1.1M;  2154 Starfish Ln 3/3 $1.31M..
LOTS
No new listings.
1 price change: 2297 Wulfert Rd now $187K.
2 new sales: 2462 Wulfert Rd listed at $229K, 1912 Par View Dr listed at $284,999.
1 closed sale: 6419 Pine Ave $785K.
Captiva
CONDOS
2 new listings: Beach Villas #2418 2/2 $759K, Lands End Village #1659 2/2 $975K.
No price changes.
2 new sales: Bayside Villas #5304 3/3 listed at $667.5K, Captiva Shores #C6 2/2 listed at $1.019M.
No closed sales.
HOMES
No new listings, price changes, new, or closed sales.
LOTS
No new listings, price changes, new or closed sales.
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.
Below is our ad from today’s “Island Sun”.
Here’s hoping your weekend weather also is storm free. Until next week…
Susan Andrews, aka SanibelSusan

It’s A Tropical Kinda Friday!

SanibelSusan here reporting another happy Friday! (Those are especially nice on weeks with closings.) There have been bright blue skies here so-far today, after a soggy Thursday afternoon. Now that the rainy season has settled in and the first of the tropical storms have developed in the gulf, showers have become more frequent and sometimes heavy.

Sanibel Square lost electricity for a short time yesterday. (A notice from the City said that 2000 island customers were affected.) Lee County Electric Coop (LCEC) continues to respond quickly. Go to http://www.lcec.net to download their “Smart Hub” app to report outages and to access your account. LCEC’s outage management map is a good resource too.

A plus with these showers is the islands are back to their lush tropical summer look, vegetation is a brilliant green and growing like crazy. Here are a few photos of the things blooming in my yard today. The gardenia bush is flowering for the third time this year – that’s a first.

These recent rains also have resulted in a lot of skeeters! There are almost enough to help carry in the mail. Though Lee County Mosquito Control (LCMC) has been working hard to keep them in check, population now is expanding faster than the island marsh bunnies – and that is booming. (Seriously, LCMC does a great job keeping those pesky biters in check during “mosquito season”, May through October. Mosquito activity increases, particularly after heavy rains that produce large areas of standing water. With the islands, mangroves, wetlands, and salt marshes, Sanibel is a prime breeding ground, so contact LCMC if you have a large number in your island neighborhood.)

At SanibelSusan Realty

Once again, our listings got some action this week. No offers, but some inquiries and showings. The activity posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below. Plenty of real estate sales are occurring here. If you are interested in an updated Sanibel/Captiva inventory list, contact The SanibelSusan Team. We are happy to mail or email you one anytime.

Much of the local news, probably like where you are, is about COVID-19 and when schools will begin. Lee County’s School Board met yesterday and have decided to delay the opening here from August 10 to August 31.

The “Real Estate” State of the State

Below is the June 2020 – Florida Housing Report from Dr. Brad O’Connor, Florida Realtors Chief Economist:

“The June 2020 statistics from Florida Realtors have just been released, and they erase any remaining doubts that Florida’s housing market is in the midst of a large-scale recovery. This isn’t to say that every segment of the market is performing well, but on the whole, things are looking better than they have in several months.

“Let’s start by looking at the statewide statistics for existing single-family home sales. For the first time since March, closed sales were up year-over-year, rising by 1.3%. Remember in April and May, closings were down about 21 and 36%, respectively. But thanks to this nice recovery in June, plus the unusually strong sales growth we had ahead of the pandemic in January and February, here at the mid-point of 2020, closings are only down a little over 7% for the year compared to the first half of 2019. At our current trajectory, in fact, it’s possible that we may end the year with more closed single-family home sales statewide than we had last year.

“Of course, if you’ve been following the numbers with us over the past couple of months, you likely saw all of this coming. After all, new pending sales of single-family homes were up 2.3% in May. And if we assume new pending sales trends will continue to provide reliable forecasts of closings in the months to come, then based on the latest numbers from June, we can expect a very good summer. Why? Because in June, statewide new pending sales of single-family homes were up over 23%, year-over-year.

“Several factors are playing into this renewed demand for housing, but by far, the most important factors are record-low mortgage interest rates and the release of all the pent-up demand from our derailed spring buying season. Of course, we can’t expect this supercharged level of sales growth to last forever, since at some point, we will burn through all of this pent-up demand. But interest rates are not expected to rise any time soon, and they still have some room to go lower, so we have every reason to be optimistic about sales over the coming months, barring additional negative shocks to the economy.

“Over in the condo and townhouse category, existing home sales continue to lag those from the single-family category, but they still show significant improvement. Closed sales in this category were down nearly 11% year-over-year in June, but keep in mind, they were down over 50% in May. Still, the best signal that condos and townhouses are making a comeback comes from probably the most surprising number we saw this month, which is the nearly 20% increase in new contracts compared to the same month last year.

“Over on the supply side of the market, inventory remains scarce and one of our most immediate areas of concern, particularly in the single-family home category. As of the end of June, there were over 27 percent fewer single-family homes listed for sale in Florida’s MLSs than at this time a year ago. Looking at it another way, in three months’ time, we have gone from nearly 84,000 statewide single-family listings at the end of March to under 66,000 listings here at the mid-point of 2020. Fortunately, the condo and townhouse category has fared better, with inventory being down only about 6% compared to a year ago.

“The one positive aspect of this reduction in the supply of available housing is that it counteracted the temporary drop in home sales activity we saw in the first couple months in the pandemic, thereby keeping home values relatively stable. But now that demand has come roaring back, we are starting to see rising prices again. The median sale price for closed single-family home sales in June was $282,000, a 4.4% increase from a year ago. Over in the condo and townhouse category, the median sale price was up 7.7%, to $210,000. As we continue on through 2020, our biggest concern remains the inventory shortage, which could eventually put a cap on the number of possible transactions. But home values should remain stable.

“Now, I’ve covered the state as a whole, but every local market has its own trends….”

The Market on Sanibel & Captiva Islands

Looking more specifically at the island market, the below graphic provides the statistics through 2020’s 2nd quarter, provided by the islands Association of Realtors®.

Sanibel & Captiva Islands Association of Realtors®

The local Association of Realtors® office remains closed for meetings including caravans, but members are looking forward to our first “virtual” membership meeting on August 13 where the guest speaker is Dr. Lawrence Yun, Chief Economist and Senior Vice president of Research at the National Association of Realtors®.

He will discuss today’s economic climate, current housing trends, the outlook on resort and 2nd home markets like ours, and his projections for the end of 2020 and beyond. (You may remember from my past blogs that I am a huge fan of his conservative outlooks. If anyone has a question that you would like me to pose to him, just let me know.)

Sanibel & Captiva Islands Multiple Listing Service Activity July 17-24, 2020

Sanibel

CONDOS

2 new listings: Sunset South #2D 2/2 $675K, Villas of Sanibel #B202 3/2 $1.895M.

4 price changes: Casa Blanca #4 1/1 now $357K, Signal Inn #14 2/2 now $699K, Atrium #103 2/2 now $1.225M, Sunward #201 3/2 now $1.259M.

5 new sales: Colonnades #C3 1/1 listed at $245K, Pointe Santo #D21 2/2 listed at $549K, Kings Crown #306 2/2 listed at $838K, Somerset #C302 3/2 listed at $1.65M, High Tide #A301 3/2 listed at $1.989M.

3 closed sales: Captains Walk #C3 1/1 $250K, Island Beach Club #320B 2/2 $649K, Heron at The Sanctuary #3B 3/2.5 $775K.

HOMES

5 new listings: 315 East Gulf Dr 3/2 half-duplex $599K, 756 Windlass Way 4/3 $869K, 1351 Middle Gulf Dr #1A (Moonshadows) 3/3 half-duplex $889K, 1259 Par View Dr 3/4 $1.175M, 1306 Seaspray Ln 4/4 $4.65M.

3 price changes: 799 Casa Ybel Rd 5/3 duplex now $580K, 690 Durion Ct 3/2 now $695K, 1081 Captains Walk St 4/2.5 now $995K.

10 new sales: 560 Piedmont Rd 3/2 listed at $460K, 1890 Farm Trl 3/2 listed at $549.4K, 9247 Dimmick Dr 3/2 listed at $590K, 1567 Sand Castle Rd 3/3 listed at $595K, 1559 Sand Castle Rd 3/2 listed at $677K, 5304 Umbrella Pool Rd 3/3 listed at $770K, 9024 Mockingbird Dr 3/2 listed at $819K, 2439 Harbour Ln 3/3 listed at $1.089M, 1329 Eagle Run Dr 3/2.5 listed at $1.375M, 4577 Waters Edge Ln 4/3 listed at $2.995M.

9 closed sales: 1593 Sand Castle Rd 3/2.5 half-duplex $583.5K, 1021 Sand Castle Rd 2/2 $658K, 1807 Serenity Ln 3/2 $700K, 1755 Jewel Box Dr 3/2 $725K, 5659 Sanibel-Captiva Rd 2/2 $750K, 901 S.Yachtsman Dr 2/2 $760K (our listing), 1430 Causey Ct 3/2 $865K, 5855 Sanibel-Captiva Rd 3/2 $900K, 6071 Sanibel-Captiva Rd 5/4.5 $1.4M.

LOTS

No new listings or price changes.

No new sales.

2 closed sales: 6411 Pine Ave $290K, 6053 Sanibel-Captiva Rd $922K.

Captiva

CONDOS

1 new listing: Beach Villas #2522 1/1 $529K.

No price changes.

1 new sale: Tennis Villas #3213 1/1 listed at $354.9K.

No closed sales.

HOMES

No new listings.

2 price changes: 11515 Gore Ln 5/4.5 now $2.395M, 1124 Longifolia Ct 4/5 now $2.938M.

No new or closed sales.

LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Until next Friday, Susan Andrews, aka SanibelSusan

When It Rains on The Islands, Just Wait a Few Minutes

It has been another week of typical July weather on Sanibel and Captiva Islands – bright blue skies with big white puffy popcorn clouds often rolling in, bringing along a quick shower and resulting in some terrific sunsets. I took a quick detour on my way back to the office about 1 p.m. this afternoon trying to capture a photo of those clouds. My quick trip up Bailey Road was not fast enough, so I tried Dixie Beach Blvd. You can see from the photos below that it was already raining off island with waves forming on San Carlos Bay and Pine Island Sound. Now the rains have stopped, with both islands first getting a good dousing.

From the lot at the end of Dixie Beach looking toward Woodring Rd

Already raining across Pine Island Sound.

A few little white caps on San Carlos Bay

New real estate action was down a little this week following the departure of holiday visitors, but overall, closed sales are doing well. Below is a summary comparison of island sales (from January through today) over the last three years. Current inventory also is shown.

For those who can work from home or want to spend more time here, there is plenty of inventory and lenders are offering some of the best programs in decades. Prudent buyers also will note that prices again are creeping up.

Residential Property – Condos, Homes, & Lots
Sanibel Captiva Total Both Islands
Sold/Closed from 1/1 to 7/17 # Avg Price # Avg Price # Avg Price
2020 214 879,346 32 2,024,593 246 1,028,321
2019 227 841,871 22 1,856,533 249 931,522
2018 272 1,011,547 29 1,430,385 301 1,051,900
For Sale Now 316 1,156,219 86 2,610,933 401 1,469,652

Looking more carefully at sales to-date this year, here are answers to some questions often posed to Realtors®. (My answers are based on the island Multiple Listing Service.)

What is the cost of a 2-bedroom condo on the gulf? On Sanibel, today there are 55 for sale, average asking price $815,576. On Captiva, seven are for sale, average asking price $1,285,214.

What if I need 3 bedrooms? Expect to pay a lot more. On Sanibel, 16 are for sale, average asking price $1,634,125. On Captiva, six are for sale, average asking price $2,456,500.

How much do properties sell off their asking price? Looking at those same property types and sales this year, 33 Sanibel 2-bedroom gulf condos sold in prices ranging from $508,000 to $1,200,000 (a huge spread). Average sale price compared to average list price = 94%. On Captiva, there were just four gulf-side 2-bedroom condo sales. Prices ranged from $674,500 to $1,480,000. There, average sale price compared to list price is 96%.

What is the cost of a single-family 3-bedroom home with pool near-the-beach? That is the most popular island property. On Sanibel, 14 are for sale, average asking price $855,278. Year-to-date, 13 have sold at prices ranging from $447,000 to $1,167,500. Average sale price $875,657 is 94% of the average asking price. On Captiva, four are available, average asking price $1,818,500. Year-to-date, just two have sold. Average sale price of $1,862,500 is 94% of average list price.

Below are a few news items followed by the activity this week in the Sanibel & Captiva Islands Multiple Listing Service. You will notice that there was just one new Sanibel condo sale, while there were eight home sales. Closings were similarly split this week with no Sanibel condo closings, but 11 Sanibel homes closed. Usually condo buyers are here now… hopefully they are coming soon!

City of Sanibel

On Tuesday, Sanibel City Council met for their regularly scheduled meeting. One item discussed was the City budget and the expected 2020 millage rate.

As reported in today’s “Island Sun”:  “Despite COVID-19, island property values are projected to have risen this year, although by less than one percent, and the City is projected to have the lowest tax rate since 2007.”

There was no change in the Mayor’s State of Emergency Proclamation Due to COVID-19, other than extending it until July 21.

Great News from Turtle Patrol

Posted Wed on SCCF’s (Sanibel-Captiva Conservation Foundation) FaceBook page:

“Captiva has broken its record for the most loggerhead sea turtle nests ever documented! With 231 nests, the island is well ahead of last year’s record of 193 loggerhead nests.

“On Sanibel, we are up to 585 loggerhead nests with a couple weeks of nesting still to go. The previous record on Sanibel was set in 2017 for loggerheads, with 649 nests.

“We are now tracking three loggerheads that nested on our beaches this summer. Last week, our team tagged a loggerhead named Periwinkle…. Pepper, Junonia, and Periwinkle received satellite transmitters this nesting season to learn more about the inter-nesting movements, migratory pathways, and foraging grounds of loggerheads nesting on our beaches. Click here to track these turtles! https://www.trackturtles.com/

Why We Love It Here

Here are a few reminders of why so many love Sanibel and Captiva:

Tops in Nation – Widely recognized & consistently ranged as one of the country’s top destinations for beach combing, shelling, kayaking, bird watching, and biking. Family Fun magazine has rated Sanibel a top overall family attraction.

Popular Winter Destination – The American Society of Travel Agents has ranked the beaches of Sanibel and Captiva in their top ten most popular winter destinations. The Weather Channel also has ranked the islands in its top five winter escapes, along with Key West, Kahului (in Maui), Honolulu, and Miami.

Sanibel Shell Festival – Beaches are ranked some of the best in the world for shelling. More varieties can be found here than anywhere else in North America. Shelling posture is so common, that it has a name – The Sanibel Stoop. It also is no wonder that the Sanibel Shell Festival will celebrate its 84th year in 2021. Among the rare shells collected here are the brown speckled junonia, sculpted lion’s paw, coveted golden olive, golden tulip, and Scotch bonnet. Live shelling is banned, but shell seekers are encouraged to pick up abandoned treasures that wash up on shore.

J.N. “Ding” Darling National Wildlife Refuge – Occupying more than half of Sanibel, the national wildlife refuge was named for Pulitzer Prize-winning cartoonist Jay Norwood Darling, who also was the first environmentalist to hold a presidential cabinet post (Franklin Delano Roosevelt’s administration).

Boating – There are plenty of opportunities on the islands and surrounding waterways for water enthusiasts, from easy kayaking to serious tarpon fishing. Boat straight across the state from Fort Myers/Sanibel to Palm Beach via the Caloosahatchee River and Okeechobee Waterway, both part of the intra-coastal waterway.

Creativity Abounds Here – From authors to artists to musicians & more – Anne Morrow Lindbergh, the wife of America’s famous aviator, wrote her best-selling book, “A Gift from the Sea,” without identifying it as Captiva Island.

Gladiolus Capital – Some of Lee County’s original settlers were flower growers from the Benelux region of Europe. At one time their horticultural efforts made nearby Fort Myers the “Gladiolus Capital of the World.”

Update on The Wildlife Refuge

From the July 16, 2020, “’Ding’ on The Wing”, News from the ‘Ding’ Darling Wildlife Society:

Tarpon Bay Explorers has restructured its Sealife and Nature Cruises schedule. Currently, the tours depart every Monday, Wednesday, Friday, and Sunday at 11, 1:30, and 6. Keep current on developments via our COVID-19 web page.  In the meantime, we urge you to #StayHome as much as possible, get out in nature when you can, and maintain social distance and mask guidelines when you must go out.”

At the Refuge store, their special edition Sanibel Shells masks are in stock and more Roseate Spoonbill masks are expected to arrive soon. Easy to order at ShopDingDarling.com.

Realtor.com’s Website Has ‘Record-Level’ Buyer Interest

Posted July 10 on FloridaRealtors® on line:

“The site created a Housing Market Recovery Index just a few weeks ago to gauge the market’s return to “normal,” and real estate is already close to pre-pandemic levels.

“Realtor.com says its monthly website traffic hit an all-time high of 86 million unique users in June 2020, breaking May’s record of 85 million unique users. It also broke its daily record on June 25 when 7 million unique users visited the site.

“Realtor.com created a new Housing Market Recovery Index in early June to gauge how fast the pandemic-slowed real estate market returned to “normal.” The index considers a score of 100 to represent the real estate market on Feb. 1, 2020 – before the pandemic hit – and any current metro score below 100 represents its relative weakness compared to the pre-pandemic market.

“In many metro areas, however, the index has returned to something close to normal; in some areas, it’s even improved.

“In the four Florida metro areas realtor.com includes in its Index, one has already passed the Feb. 1 baseline – Jacksonville with an index of 100.4 – and the other three are only slightly below for the week ending July 4.

Nationwide, the index number reached 97.8, which is the largest weekly increase since the index was introduced. The week’s 2.1-point increase week-to-week brings the index just 2.2 points below the pre-COVID baseline. However, supply remains the biggest factor that will slow a recovery, realtor.com analysts say. Total listings on realtor.com are down 31% year-to-year.

“All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels,” says Javier Vivas, director of economic research for realtor.com. “With supply at record lows, the backlog of demand portends increased competition and a seller’s market in the weeks ahead. While buyers are back, growth in home sales this summer will be constrained by the slow return of sellers and the limited amount of homes hitting the market.

“Nationwide, listings spent three days less on the market year-to-year the week of July 4. Asking prices on realtor.com were up 6.2%, and the number of new listings were down 4%. Out of the 50 metros included in the Index, the Boston area ranked first with a score of 119.9; the Milwaukee metro area ranked last with a score of 85.8.”

Sanibel & Captiva Islands Multiple Listing Service Activity July 10-17, 2020

Sanibel

CONDOS

5 new listings: Spanish Cay #F4 2/2 listed at $399,999; Kimball Lodge #263 1/1.5 $525K; Loggerhead Cay #542 2/2 $699K; Sundial #T201 2/2 $830K; Surfside 12 #A4 3/2 $849K.

4 price changes: Sanibel Arms #B1 1/1 now $419K, Sundial #C301 1/1 now $460K, Mariner Pointe #421 2/2 now $589K, Kings Crown #306 2/2 now $838K.

1 new sale: Sanibel Surfside #126 2/2 listed at $799K.

No closed sales.

HOMES

1 new listing: 1304 Par View Dr 3/3 $775K.

1 price change: 1720 Dixie Beach Blvd 3/3 now $995K.

8 new sales: 9426 Beverly Ln 3/2 listed at $575K, 1827 Middle Gulf Dr 2/2 listed at $589K; 6033 Dinkins Lake Rd 3/3.5 listed at $698.5K; 1515 Angel Dr 3/2 listed at $849,948; 1358 Sand Castle Rd 4/3.5 listed at $995K; 1010 Kings Crown Dr 3/3 listed at $997K; 3706 West Gulf Dr 4/3 listed at $1.325M; 3615 West Gulf Dr 3/2 listed at $2.995M.

11 closed sales: 1695 Serenity Ln 3/2 $514K, 3947 Coquina Dr 2/2 $550K, 990/992 Greenwood Ct N 3/2.5 duplex $640K, 9418 Moonlight Dr 3/2 $655K, 1978 Roseate Ln 3/2 $680K, 1285 Par View Dr 4/2.5 $700K, 1220 Sand Castle Rd 3/2.5 $775K, 676 Emeril Ct 3/2 $830K, 847 Lindgren Blvd 3/2 $850K, 1230 Bay Dr 3/2 $1.45M, 2460 Harbour Ln 3/3 $1.75M.

LOTS

No new listings.

1 price change: 0 Island Inn Rd now $599,555.

No new or closed sales.

Captiva

CONDOS

No new listings.

2 price changes: Bayside Villas #5234 1/2 now $399K, Beach Homes #30 4/4.5 now $3.65M.

2 new sales: Tennis Villas #3114 1/1 listed at $329K, Beach Homes #21 3/3 listed at $3,000,050.

No closed sales.

HOMES

1 new listing: 11520 Wightman Ln 3/2 $2.589M.

1 price change: 16500 Captiva Dr 6/6/2 now $6.389M.

1 new sale: 11547 Laika Ln 4/4 listed at $1.995M.

2 closed sales: 11520 Wightman Ln 3/2 $2.5M, 16221-16217 Captiva Dr 5/5.5 $3.6M.

LOTS

No new listings, price changes, new or closed sales.

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.

Below is our ad from today’s “Island Sun”.

Until next week, Susan Andrews, aka SanibelSusan