September Weather Arrives on the Islands


It’s time for another SanibelSusan Friday update about Sanibel and Captiva Islands. It was a surprise on Tuesday afternoon when Sanibel’s electric service went out.

According to Lee County Electric Coop (LCEC), the outage was caused when an antenna atop a sailboat mast hit the main power line coming to the island. Thank you, LCEC for getting it back up and running in just an hour. With 90+degree temperatures that day, islanders did not want to be without AC for long. Most summers, there are a few minor outages, but this year, there have only been a handful.

Today’s surprise was a noticeable change in the weather. Local forecasters are joking that it is because fall begins on Monday. Little, if any, rain is expected in the upcoming week. With low humidity, temperatures today are expected to only hit 87 degrees F. That is a welcome change. It has been in the low 90’s for weeks.

On Monday, nighttime temperatures are expected to go down into the high 60’s/low 70’s. It has been many months since it has been that cool. Late September usually equates to snowbirds on the move. The SanibelSusan Team hopes that means more sales will follow.

September Island Updates

There is always a flurry of activity just before the snowbirds get back. Here are some changes that I noticed during my travels this week.

Casa Ybel Resort – The new entrance is almost done at Casa Ybel Resort. It was damaged two years ago during Hurricane Irma when their huge specimen tree on the bridge going into the resort came down. Over the last few weeks, landscaping crews have been there working on a new design. This week their new sign went up, work on the bridge and roadway completed, and the new landscaping went in. The design includes stonework with waterfalls now framing the entrance and many tropical plants and palms. What a special welcome it creates!

 

 

 

Dairy Queen – Has been closed and cordoned off with construction tape all week. No word on when it is reopening.

Mariner Pointe – Has a new fresh white sign at their entrance. It must be a temporary one, since their street number actually is “760”.

Saint Kilda – Community is getting water main replacement according to Island Water’s Fall 2019 “IWA Pipeline”. The project is upgrading the original developer-installed water main with higher strength pipe and new fire hydrants. Periodic IWA project updates may be found on their website www.IslandWater.com under “Latest Capital Project”.

SCCF Nature Center Closed for Renovations – The Sanibel Captiva Conservation Foundation Nature Center is closed for educational programs until further notice due to ongoing interior renovations. The administrative offices remain open for meetings and other business activities. The trails behind the Nature Center at 3333 Sanibel-Captiva Rd., also will stay open for visitors. While renovations are underway, SCCF events and educational programs will be held at the Bailey Homestead Preserve.” Detailed information about the open trails at SCCF’s six public preserves may be found at http://www.sccf.org/preserves. SCCF’s Native Landscape and Garden Center is maintaining its regular retail schedule at the Bailey Homestead Preserve, 1300 Periwinkle Way. Call 239-472-1932 for additional information about the Garden Center’s operating hours and upcoming programs.

Sanibel & Captiva Islands Association of Realtors® September Membership Meeting

In addition to the phones, roadways, beaches, and shops being super quiet, the local Association of Realtors® monthly membership breakfast yesterday, was lightly attended. Before the property announcements, attendees heard from the four candidates running for our three board vacancies. The election results will be announced at our annual meeting in October. Good luck to Realtors Greg Demaras, Pfeifer Realty Group; Mike McMurray, Royal Shell Real Estate; Liz Podolsky, McCallion & McCallion Realty; and Janka Varmuza, VIP Realty Group.

Meeting speaker was Angela Melvin, founder and CEO of Valerie’s House. Angela like her family before her, grew up in Fort Myers. Her mother, Valerie, died in a car accident in 1987 when Angela was just 10 years old, sparking her passion to find a place that could help children in similar situations. After college and working as a broadcast journalist around the country and then a Communications Director on Capitol Hill, Angela spent several years working for and sitting on boards for various non-profits including the Wendt Center for Grief and Loss in Washington, DC. She returned to Fort Myers in 2013 and shortly after, founded Valerie’s House.

Valerie’s House is the first and only organization in Southwest Florida with its sole mission to help children grieve the loss of a loved one. With locations now in Fort Myers, Naples, and Punta Gorda, Valerie’s House is a place where children connect with one another and learn the tools to heal after they have experienced the death of someone they love. At Valerie’s House, children know others their own age, and they learn that loss doesn’t have to limit their dreams. In addition to a dedicated team of staff and volunteers, Valerie’s House is a family of others grieving. More info at http://www.ValeriesHouseSWFL.org.

Upcoming Event Reminders

International Coastal Cleanup is tomorrow, Saturday, Sept 21, from 9 a.m. until noon. Thirteen clean-up locations will participate throughout Lee County. The island Realtors® team will be working on Causeway Island B. Last year, the cleanup attracted 1,546 volunteers who removed 3,358 pounds of litter and debris from waterways. To participate, please register at www.klcb.org/coastal-cleanup.html

USTA Southwest Florida Clay Court Championships for the 4th year will be at Sundial Beach Resort & Spa, September 27-29. Age Divisions: Open, 40’s, 50’s, 60’s, singles & doubles. Registration deadline is Sep 25 at www.USTA.com using tournament ID 150046619.

Farmers Markets are beginning soon. Local Roots has updated their website with the market start dates. Wondering which is open when? Here’s a quick summary.

  • Sundays on Sanibel – 8 a.m. to 1 p.m. from Oct 6 to May 31 (including Easter Sunday) on the grounds of Sanibel City Hall. This will be the 12th season for the Sanibel market. It has something for everyone: fresh fruits and vegetables, seafood, honey, meats, cut flowers, prepared meals, mini-donuts, cupcakes, bagels, guacamole, pickles, cheeses, baked goods, native plants, artisan foods, local crafts, organics, and more. Shoppers are encouraged to bring dry and canned foods to the market booth. They are donated each week to F.I.S.H., the islands’ food pantry. The market is a plastic-straw-free zone, is a non-smoking area, and only service dogs are allowed in the vendor areas. New to the market this season, vendors will not use single-use plastic bags. Reasonably price reusable bags are for sale at the market booth or bring your own. Follow the signs for parking. All handicap parking is at City Hall. For more information on this and other SWFL Farmers Markets, go to BuyLocalLee.com
  • Mondays at Fenway South – 9 a.m. to 1 p.m. from Jan 6 to Mar 30 at Jet Blue Stadium
  • Tuesdays on Captiva – 9 a.m. to 1 p.m. from Nov 5 to Apr 28 at South Seas Island Resort
  • Wednesdays at Lakes Park – 9 a.m. to 1 p.m. from Oct 2 to Apr 29 at Lakes Regional Park
  • Thursdays at Coconut Point – 9 a.m. to 1 p.m. from Oct 3 to Apr 30 at Coconut Point Mall
  • Thursdays at River District – 9 a.m. to 1 p.m. year-‘round at Centennial Park
  • Fridays at Boca Grande Farm & Fish Market – 9 a.m. to 1 p.m. from Dec 20 to Apr 24 at Wheeler Rd ball field
  • Fridays at Sanibel Outlets – 10 a.m. to 2 p.m. from Dec 13 to Mar 27 at Sanibel Outlets
  • Saturdays in Bonita Springs – 8 a.m. to 12 p.m. from Oct 5 to Apr 25 at The Promenade

Seems like yesterday when Jean Baer and Betsy Ventura started Local Roots and organized their first market in the parking lot at Tahitian Gardens shopping center. Talk about success! What wonderful contributions they have made to us living in Southwest Florida. Did I mention, they are summer pickleball stars too!

Island Beaches & Red-Drift Algae

As much as social media today keeps us connected, I swear sometimes it is our own worst enemy. There were so many differing reports about beach conditions following Hurricane Dorian and so many local reporters only talking about the bad stuff (ugh), that I did stops at a few beaches yesterday as I was on my real estate rounds. East-end and mid-island beaches were beautiful. This morning, I stopped at the bayside beach at the end of Bailey Road and it likewise is clear and breezy. Some of my photos below.

Beach at the Donax Street access on 9/19/19

Overlooking Sand Carlos Bay at the end of Bailey Rd on 9/20/19

To clear up misconception and confirm conditions often change, below is the report posted online yesterday by the City.

Large Sections of Sanibel Beaches Currently in Excellent to Very Good Conditions

Frank Spinuzza. 09/19/2019 05:58 pm

Spot Locations Remain Dynamic & Ephemeral

Update on Algae Pilot Project

At this time large stretches of Sanibel beaches are in excellent to very good conditions.  Algae deposits continue to be dynamic and ephemeral, likely driven by wind conditions, currents, tides, and/or other factors.

Residents & visitors are reminded that paid beach parking meter receipts are not restricted to the beach parking lot in which purchased.  Paid, unexpired beach parking is transferrable to any other of the other City of Sanibel’s public beach parking lots.

Status of In-water Algae Removal Pilot Project:

City staff is currently compiling the results of the in-water algae removal pilot project conducted on Tuesday 9/10/19. The project, authorized for 4 days, was discontinued after 1 day due to insufficient algae at both permitted locations. Equipment remains staged on-island in the event conditions at one of the two currently permitted locations (Lighthouse Beach Park & Gulfside City Park) as warranted and are suitable to continue the pilot.

Results will be presented to City Council at a future meeting as well as the upcoming Tourism Development Commission meeting for reimbursement.

We are presently experiencing very dynamic changes to our beaches based upon changing wind directions, even the course of the same day, conditions earlier today were observed as:

  • Excellent conditions with little to no algae deposits are present at Sanibel’s east end beaches from Lighthouse Beach Park to Gulfside City Park and at Blind Pass Beach Park on Sanibel’s west end.
  • Light to moderate deposits are present Beach Accesses 1, 2,5 & 7 on West Gulf Drive.
  • Moderate to heavy deposits are present at Tarpon Bay Beach, Bowman’s Beach and Turner Beach (Captiva).

Even at locations with heavier algae deposits, little to no odor is currently present.

While shorebird nesting season is officially complete, numerous shorebirds are present and actively foraging in algae deposits.  Seabirds and wading birds are also present.

Sea turtle nesting season continues through Oct 31st.  As of 9/15/19, 60 active nests remain.

Numerous baitfish were observed at several locations…

(The City report contains photos taken from various island locations, check them out at www.MySanibel.com. The City’s 9/19 report ends with the below info.)

“Florida Department of Health–Healthy Beaches Program

The Florida Department of Health samples 4 Sanibel beach locations weekly for fecal indicator bacteria. Samples collected on Monday 9/16/19 were all in the “good” range for enterococcus bacteria. Weekly testing results are posted here:  http://www.floridahealth.gov/environmental-health/beach-water-quality/county-detail.html?County=Lee&Zip=33916-2205

For more information on Sanibel and other Lee County beach conditions, click on these links:
Florida Healthy Beaches
Mote Marine Lab Beach Conditions Map

END”

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

Sanibel

CONDOS

No new listings.

2 price changes: Sundial #E108 3/2 now $1.275M, La Playa #1B 3/2 now $1.399M.

No new sales.

2 closed sales: Sundial #I104 1/1 $456K (our buyer, under contract last week, closed this week), Mariner Pointe #1041 2/2 $468K.

(Our Sundial buyer went under contract last week & closed this week. It’s not often that a closing can happen that quickly, but thanks to Stacy at Sundial West & Michelle at Barrier Island Title, it got it done! The SanibelSusan Team thanks them!)

HOMES

2 new listings: 868 Rabbit Rd 3/2 $550K, 5757 Baltusrol Ct 3/3 $1.579M.

1 price change: 1755 Jewel Box Dr 3/2 now $755K.

3 new sales: 970 Greenwood Ct 3/2.5 half-duplex listed at $429.9K, 9401 Beverly Ln 3/3 listed at $675K, 1136 Golden Olive Ct 4/4.5 listed at $2.59M.

4 closed sales: 513 Rabbit Rd 3/2 $628.5K, 534 N. Yachtsman Dr 3/2 $825K, 845 Birdie View Pt 3/3 $1.1065M, 844 Lindgren Blvd 3/3 $1.205M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings.

1 price change: Bayside Villas #5118 1/2 now $377.9K.

1 new sale: Beach Villas #2426 2/2 listed at $537.5K.

1 closed sale: Ventura Captiva #2A 3/3 $900K.

HOMES & LOTS

Nothing to report.

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

Until next Friday, enjoy a “cool” September!

Susan Andrews aka SanibelSusan

If School Begins Monday, Is Summer Over? Noooo! Summer & Vacations Go On Forever Here!


It’s already another Friday with the islands quiet. When there is no traffic director at the Causeway Road 4-way stop at both noon and 5:30 p.m., you know Sanibel/Captiva traffic has slowed.

Though The SanibelSusan Team was short one teammate this week, we had some nice accomplishments – a great new listing, a nice price reduction on another, an offer in the works, a great turnout yesterday at our Isabel Dr listing on Realtor Caravan, and though our photographer has dealt with many rain and cloud interruptions, I think he will deliver some special marketing photos this weekend. The full team is back to work on Monday (the same day that Lee County schools are back in session). Yikes! Does that mean summer is over?

At our local Association of Realtors® Caravan Meeting yesterday recognition was given to the donors and helpers that contributed to the 20,300 meals that were packed in record time at last Friday’s Meals of Hope benefit event. Thank-yous also went to Sanibel Mayor Kevin Ruane, his wife Doreen, and City Councilor Holly Smith for their hands-on help. It is fast fun work often with competition. Part of the giggles relate to the required hair coverings. If packers don’t bring a hat, they are blessed with a hairnet. I’m sure the Mayor loved that. (Two photos compliments of JMA Photography below: First the packers. 2nd photo has the Mayor rocking his hair net at the end of the table. That assembly-line begins with his wife Doreen (on left in baseball cap) & Councilor Holly Smith(on right).)

Only two properties, including our listing, were open for the Caravan that followed yesterday’s meeting. The details of the action posted this week in the Sanibel & Captiva Islands Multiple Listing System are after a couple of news items below.

Vacation Home Hot Spots Across the Country

Much of SanibelSusan’s business is with buyers who also own in another resort or 2nd home market area, usually one they visit in the summer. When owning here, if retired, they often claim Florida residency for the estate and tax benefits. Many island owners have properties in several resort & 2nd home market areas.

Holding the national RSPS (Resort & 2nd Home Specialist) designation, I follow our group newsletter for tidbits that will help not only in our business, but in the curriculum for the RSPS class that I teach each summer at our local Association of Realtors®. Here are some interesting excerpts from the July 2019 “RSPS Newsletter”. The article linked to http://www.IPX1031.com .

“Whether it’s a cabin in the woods or a beachside bungalow, vacation homes come in all shapes, sizes and locations. We took a closer look at vacation home destinations across the country to find which cities and towns have the most vacation homes. We also analyzed the overall percentage of vacation homes in every state. We researched vacation home data from more than 29,000 different census designated places across all 50 states and ranked the top three locations with the most vacation homes in every state.

“Before we analyze the top three locations with the most vacation homes in every state, let’s look at the overall percentage of vacation homes in each state. When you think of a popular vacation home hot spot, images of sandy beaches in Florida might come to mind. While Florida ranks high in terms of its number of vacation homes, it doesn’t beat out Maine, which is No. 1 in the country. Surprisingly, 19% of all homes in the Pine Tree State are vacation homes. Vermont and New Hampshire round out the top three states with 17% and 12%, respectively. Florida comes in at No. 6 with 10% of its homes categorized as vacation homes, according to the Census Bureau.

“Apparently, the Midwest isn’t a hot spot for vacation homes. Maybe it’s the brutally cold and long winters, but Midwest states rank low on our list. In fact, Illinois ranks dead last on our list with just 1% of its homes categorized as vacation homes. Other Midwest states like Ohio (1.1%), Iowa (1.6%), Indiana (1.7%) and Kansas (1.4%) are at the bottom of the list as well.

“However, there is one Midwest state that ranks within the top 10. With its more than 15,000 lakes, Wisconsin is a haven for fishing, boating and vacationing, which explains why the state ranks No. 8 among states with the most vacation homes.

“After we looked at the percentage of vacation homes in every state, we analyzed the top three places with the most vacation homes within those states. While familiar vacation locations such as Copper Mountain in Colorado and Fire Island in New York are among the top vacation home destinations, there are also smaller towns that make the list as well. For example, the top 3 destinations in California all have less than 300 vacation homes. However, every home within those three places are classified as vacation homes. Atlantic City and Boudurant, Wyoming as well as Yellow Pine, Idaho and McCarthy, Alaska are the only other locations on our list where every home is classified as a vacation home.”

After reading their article, I checked their infographic which shows by state what three towns/cities have the most vacation homes. If you are wondering what it reports for Florida. They are Captiva, Horseshoe Beach, and North Key Largo. (If you are like me, you now may be wondering, where is Horseshoe Beach? Google says, it’s on the Gulf, about 315 miles north of Sanibel and west of Gainesville. With an area of less than 2/10 of a mile, the population is only about 200.

Turner Beach Project Into Permitting

As reported in this week’s “Sanibel-Captiva Islander”, “The final design for the Turner Beach shoreline stabilization project was recently completed.

“Coastal Engineering Consultants was hired by the City of Sanibel, in partnership with Lee County, to address two main issues at the site: erosion within the parking lot and riprap along the shoreline….The project aims to re-enforce or stabilize the shoreline without making changes to it…The City has submitted permit applications to the U.S. Army Corps of Engineers, Florida Department of Environmental Protection and South Florida Water Management District…The work is expected to take place in 2020. As the City manages the Turner Beach site as part of an interlocal agreement, the project is being funded through the Lee County Tourist Development Council. The City is requesting $580,000 to cover the design and construction. It has already secured $280,000 and plans to submit a request for the remaining $300,000 at the start of the new fiscal year on Oct. 1.”

More Shoreline Project Applications Filed

In the same “Sanibel-Captiva Islander” issue, it reports that “The City of Sanibel recently submitted applications for the design work and a request for financial assistance on the emergency shore protection project south of Blind Pass, along Sanibel-Captiva Road…” Once a Construction Control Line permit is issued by Florida’s Department of Environmental Protection, work there can begin, hopefully as soon as sea turtle nesting season is over at the end of October. In addition to the permit application, “the City submitted an application… for funds through the DEP’s Florida Beach Management Funding Assistance Program, which accepts local funding requests for beach projects…The City applied for just over $300,000 in state assistance as part of 50-50 cost share. It would cover the cost of the beach re-nourishment or fill placement and dune restoration…It would not include the structure itself – revetment, sheet piping, riprap – to protect the roadway…The total project may cost approximately $612,000. The City intends to request funds from the Lee County Tourist Development Council to help cover the remaining costs of the project…The beach accumulates sand in the summer and loses it in the winter because of the wind direction. If the project is finished before winter, sand can accumulate on top of the new sand the City deposits…That is why the City wants to get the project done by fall, early winter….”

“Earlier this year, the City had brought in Humiston & Moore Engineers to look at the area near Pine Avenue and Castaways Beach and Bay Cottages and come up with concepts to better protect the nearby road and properties from erosion. Later on, at a City Council meeting, the firmed reported the following:

“”Recent storms and cold fronts in 2018 and 2019 have resulted in increased sand loss and vulnerability…It is the intent of the City to design improved protection along this section of roadway and extend the protection further north and south of the existing buried (rock) revetment to provide high frequency storm protection to the most vulnerable 400’ section of the evacuation route for the island of Captiva and the north end of Sanibel.

“”The concept plan involves the addition of a larger armor stone layer along the existing buried revetment and installation of a steel sheet pile wall with a concrete cap upland of the revetment along the edge of the right-of-way, for the approximate 400’ section of vulnerable highway….”

Sanibel & Captiva Islands Multiple Listing Service Activity August 2-9, 2019

Sanibel

CONDOS

2 new listings: Coquina Beach #3E 2/2 $529K, Sundial West #K103 2/2 $920K.

2 price changes: Mariner Pointe #642 2/2 now $589K, Signal Inn #14 2/2 now $759K.

3 new sales: Sundial West #I103 1/1 listed at $465.9K, Mariner Pointe #1041 2/2 listed at $484K, By-the-Sea #C102 3/2 listed at $1.595M.

2 closed sales: Coquina Beach #2A 2/2 $595K, Pine Cove #C 2/2 $999K.

HOMES

2 new listings: 1536 Bunting Ln 3/2 $613.5K, 4701 Rue Belle Mer 4/4 $3.595M.

7 price changes: 9195 Dimmick Dr 2/2 now $444K, 6103 Starling Way 2/2 now $699K, 760 Cardium St 3/2 now $725K, 513 Lake Murex Cir 3/2 now $749K, 1223 Par View Dr 3/2 now $775K, 1305 Eagle Run Dr 3/2.5 now $998.5K, 842 Limpet Dr 3/3.5 now $2.195M (our listing) (a few photos below, including mama & baby dolphin swimming by the 90′ dock)

DCIM100MEDIADJI_0791.JPG

4 new sales: 1441 Sand Castle Rd 3/2.5 listed at $649K, 1677 Sabal Sands Rd 3/2 listed at $699K, 844 Lindgren Blvd 3/3 listed at $1.395M, 5723 Baltusrol Ct 4/4.5 listed at $1.849M.

4 closed sales: 785 Rabbit Rd 3/2 $335K, 693 Rabbit Rd 3/2 $485.5K, 1159 Golden Olive Ct 3/2 $1.35M, 696 Kinzie Island Ct 4/5 $2.2M.

LOTS

2 new listings: 5737 Baltusrol Ct $299K (our listing) (some drone aerials below, it overlooks 9th fairway & has conservation land across the street), 3945 West Gulf Dr 3.995M.

No price changes, new, or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Tennis Villas #3120 1/1 now $324K.

No new or closed sales.

HOMES

No new listings.

1 price change: 11509 Chapin Ln 4/4 now $1,899,999.

No new sales.

No closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

Packing Food, Watching the Water, Island Scoop, Plus Sanibel & Captiva Real Estate


It’s an early Friday blog today as the Sanibel & Captiva Islands Association of Realtors® 2019 Meals of Hope food packing event is this afternoon. Our Association-sponsored events have packed over 50,000 meals the last two summers and aim to add another 20,000 to the tally today.

There is no denying that the water woes of last summer affected island real estate sales, but as we carefully watch the weather, it is great to be able to report now that the view driving across the causeway is as good as I remember it this late in the summer. Here are some aerial photos taken for the City just three days ago.

With a rainy few days ahead, that sparkling blue may get stirred up this weekend, but it sure is different from a year ago at this time.

Below are the islands’ real estate statistics as of today (August 2, 2019). Inventory is low, with many island Realtors® looking for listings. Now really is the best to list for those wanting a sale during the upcoming “season”. (There are more closed sales last quarter and first quarter which often means contracts are written beginning in August so new owners will benefit from winter ownership.)

Sanibel Condos Homes Lots
# Avg Price # Avg Price # Avg Price
For Sale 99 $820,294 145 $1,360,835 64 $657,673
Under Contract 11 $731,709 17 $987,647 4 $233,000
Sold/Closed Year-to-Date 85 $662,618 147 $956,029 10 $419,900
Sold/Closed in 2018 155 $720,617 218 $1,112,748 21 $602,095
Sold/Closed in 2017 140 $728,793 186 $1,004,237 32 $327,229

 

Captiva Condos Homes Lots
# Avg Price # Avg Price # Avg Price
For Sale 38 $1,115,343 34 $2,884,556 3 $1,929,667
Under Contract 6 $681,317 2 $2,112,500 0 N/A
Sold/Closed Year-to-Date 14 $1,201,857 12 $3,181,963 0 N/A
Sold/Closed in 2018 27 $797,532 25 $2,127,352 0 N/A
Sold/Closed in 2017 34 $671,551 22 $2,457,023 2 $2,312,500

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.

There was no Realtor® Caravan yesterday, but the changes in the islands’ Multiple Listing Service this week are after a few news items below.

Island Scoop

Lee County Emergency Management – AlertLee – The county recently released AlertLee which is an emergency notification system where the public can sign-up to receive notifications. This system replaces CodeRed.  Both the City of Sanibel and county use this popular tool to send targeted emergency alerts. You can receive alerts on multiple devices in your home and/or on your cell phones.  Even if you were enrolled in the old system, to continue receiving alerts YOU MUST SIGN-UP for alertLee.  Go to the city website mysanibel.com (in the Quick Links on the right side).

Noah’s Ark Annual Bag Day – is Friday, August 9 from 9:30 to 11:30 a.m. Bag day marks the end of summer season for the Ark which after this event closes for cleaning and repair – reopening on October 1. Deep price reductions lead up to the sale, when on Bag Day customers may buy marked bags in the parking lot for $4 each, fill them with store goods and walk away with as many items as the bags will carry. Any items not fitting in the bag are 80% off the regular price. Operated by the Women of St. Michael & All Angels Episcopal for more than 50 years, Noah’s Ark offers all kinds of merchandise from clothing to housewares, to furnishings, and books. Proceeds go to local, regional, and global charities and agencies. (Note: Noah’s Ark begins accepting donations again on September 1.)

San-Cap Road Vegetation Trimming – from Rabbit Road to Bowman’s Beach Rd on the north side, now through August 7.

Sanibel’s Annual Street Resurfacing Project – will begin August 5 with paving done during normal daytime hours. Access to residences and businesses will be maintained at all times.  The public is reminded to use caution when traveling through a construction zone. The following streets are included in this project:

  • Wulfert Rd. (from Wildlife Dr. to Sanctuary Entrance)
  • West Rocks Dr.
  • Coquina Dr.
  • East Rocks Dr.
  • Emeril Ct.
  • Durion Ct.
  • Chert Ct.
  • Agate Ct.
  • Boulder Cir.
  • Palm Lake Dr.
  • Donax St (repairs to northbound lane)

Every year the City resurfaces selected roads based upon a time schedule and existing condition.  This year’s road resurfacing contract amount is $534,000 including full-width resurfacing of the ten streets above, and repairs to Donax Street.  The project is expected to be completed within 30 days.

SCCF’s Nature Center Closed for Minor Renovations – The Sanibel-Captiva Conservation Foundation’s administrative offices and trails remain open to the public, but the Nature Center on San-Cap Road is closed for two months – reopening September 16. During this time, the educational displays and exhibits will be updated,  new TV screens added, and videos will be replaced. The Nature Center will be turned into a multi-use space including an update of the education for the trail system. During the closure, the on-site trails and observation tower may be accessed from the parking lot rather than through the building. The trails are free and open to the public. The Bailey Homestead Preserve on Periwinkle Way remains open. More info at www.sccf.org.

Home Inspection Myths & Misconceptions

The August 2019 issue of “Florida Realtor®” magazine ends with a “share this” info graphic. It says:

“The inspection is pass/fail. Home inspectors do not determine whether a house passes or fails. They evaluate the condition of a home and report on defects. Ultimately, it’s up to you to decide whether to buy the house.

Home Inspectors determine if a house is up to code. Inspectors are looking for defects that could affect the safety of your family or the value of your home. Code inspections, on the other hand, look for compliance with certain building standards. Just because something is not up to code, does not inherently make it a home inspection defect.

The seller will repair every defect the home inspector finds. While the inspector’s report can be used as a negotiating tool, sellers are not obligated to make any repairs if your agent is using an as-is contract. Note: If negotiating over repairs, focus on issues that could be costly to fix.

New construction homes don’t have to be inspected. New construction homes can have serious defects that could be costly to repair. Problems occur when a builder cuts corners, manufacturer’s recommendations are not followed or workers simply make mistakes.

Home Inspectors determine the value of a house. The focus of the home inspection is the condition of the home; an appraiser determines a fair market value.

“Home Inspectors check for termites. In Florida, termite inspections have to be performed by a pest control company.”

Sanibel & Captiva Islands Multiple Listing Service Activity July 26 – August 2, 2019

Sanibel

CONDOS

1 new listing: Sanibel Inn #3514 2/2 $760K.

6 price changes: Sanibel Arms #B7 1/1 now $395.9K, Mariner Pointe #321 3/2 now $569K, Loggerhead Cay #351 2/2 now $597K, Lighthouse Point #111 2/2 now $634K, Loggerhead Cay #223 2/2 now $649K, Loggerhead Cay #192 2/2 now $750K.

2 new sales: Seashells #12 2/2 listed at $395K, Cottage Colony West #117 1/1 listed at $625K.

2 closed sales: Tennisplace #D31 1/1 $230K, White Caps South #5 1/1 $470K.

HOMES

3 new listings: 1890 Farm Trl 3/2 $565.4K, 9436 Yucca Ct 3/2 $839K, 4701 Rue Belle Mer 4/4 $3.595M.

4 price changes: 9465 Coventry Ct 3/2 now $597K, 1755 Jewel Box Dr 3/2 now $765K, 1305 Eagle Run 3/2.5 now $998.5K, 5842 Pine Tree Dr 3/2 now $1.049M.

5 new sales: 513 Rabbit Rd 3/2 listed at $648K, 1060 White Ibis Dr 3/2 $749K, 1324 Seaspray Ln 3/3 listed at $1.35M, 2719 Wulfert Rd 4/4/2 $1.499M, 1035 Blue Heron Dr 3/2 $1.539M.

6 closed sales: 705 Rabbit Rd 3/3 $520K, 1175 Sand Castle Rd 3/3 $714K, 4460 Waters Edge Ln 3/2 $747K, 556 Chert Ct 4/3 $785K (our listing), 9224 Dimmick Dr 3/2 $840K, 1101 Schooner Pl 3/2.5 $1.245M.

LOTS

1 new listing: 2431 Shop Rd $249.9K.

No price changes, new, or closed sales.

Captiva

CONDOS

No new listings.

1 price change: Beach Homes #21 3/3 now $3M.

4 new sales: Sunset Beach Villas #2332 2/2 listed at $754.9K, Sunset Captiva #103 2/2 listed at $800K, Beach Villas #2436 3/2 listed at $825K, Ventura Captiva #2A 3/3 listed at $919K.

1 closed sale: 31 Urchin Ct 3/3 $950K.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 31 Urchin Ct 3/3 $950K.

LOTS

Nothing to report.

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

Until next Friday, Happy August!

Susan Andrews, aka SanibelSusan

Sanibel/Captiva Real Estate Scoop, Realtors Packing Meals, & Other Island Stuff


It’s quiet on the islands now – the usual annual lull before local schools begin again on August 12. Even after living on Sanibel for close to 30 years, I still shake my head when schools restart so much earlier here than up north. When the weather is like summer, seems only right that the kids are off enjoying it.

Below are some photos of our listing at 1238 Isabel Drive in Sanibel Harbours. Filmed Monday by JMA Photography, a close look will show that the new landscaping is in, with exterior almost complete. The final interior punch-list items are being finished now. Looking for a new owner for this bay-front beauty which has just undergone months of renovations! It includes a lot with dock and lift in the nearby boat basin too!

Next week at this time, island Realtors®, families, and friends will be participating in the Sanibel & Captiva Islands Association of Realtors® 2019 packing event for Meals of Hope. As one of the Super Sponsors, we helped the Association raise the $5K needed to buy the supplies, now the goal is to pack at least 20,000 meals in 3 hours. We have done it before (photo below from our event last year), so should be able to do it again.

This time of the year, the local food banks are low, yet the need is high. The SanibelSusan Team is thankful that we again can help! If you want to participate, just let us know. All helpers are welcome.

Sanibel & Captiva Islands Association of Realtors®

Also this week at the Association of Realtors®, our new Multiple Listing Service (MLS) went live. It will be run in parallel with the old system while final program kinks are worked out and our membership is fully trained. The final cut-over date is August 26. The new system has plenty of new bells and whistles, so the team and I are practicing with the new system and watching on-line webinars before some upcoming training sessions at the Association Office.

If you receive listing notifications through the old system’s automatic emails, those will continue, though beginning August 26 when the system cuts over, your saved listings will disappear. We are revisiting each prospect’s search criteria, so if your preferences have changed, please let me know. It’s a good time to update them.

Yesterday was the Association’s July Membership Meeting. Not a single new sale was announced and just five new listings were open during the 3-hour Caravan that followed. There were a handful of new sales though as detailed in the week’s MLS summary that follows some other news below.

The meeting speaker was Jeannine Joy, President & CEO of Lee, Hendry, Glades, and Okeechobee United Way. Here are some takeaways.

Each United Way organization is independent, so donations stay in the community. With this organization, 92.3% of each dollar donated is given to the 82 local agencies and 245 programs they support and provide. F.I.S.H. of SANCAP is one of these agencies. Mention was made of the additional emergency funding provided to F.I.S.H. after Hurricane Irma and again last summer after local water woes affected island business and livelihoods.

The United Way provides help from early childhood development through senior life. Below is info on a couple of their programs.

  • Dial 211 – United Way 211 is a free 24-hour non-emergency helpline for referral to health and social services that provide food, housing, child care, and veteran services in Lee, Hendry, and Glades counties.
  • VITA – United Way Volunteer Income Tax Assistance program offers free tax preparation by IRS certified volunteers for household incomes of $66,000 or less. Dial 211 or 239-433-3900 to schedule an appointment.

2019 Lee County Market Report for June

On Wednesday, the Royal Palm Coast Realtor® Association’s Florida Gulf Coast MLS emailed their June Market Report for the county. It reported that overall, Lee County sales slipped a bit in June. It further says: “June showed Medial Sale Prices were up slightly at 2.0% for Single Family, while Townhouses and Condos showed a decrease of -5.0%. Broken down by cities, Single Family in Pine Island (30.0%), North Fort Myers (29.2%), Fort Myers Beach (28.0%), and Estero (10.0%) had double-digit increases for June over 2018. There was a significant drop in sales for Sanibel/Captiva at -30.8% over 2018. All other cities showed slight increases or decreases for the month.”

5 U.S. Beaches to Visit

I saw a blog posting this week by The Discoverer Blog. The actual posting title is “5 U.S. Beaches to Visit and 5 to Avoid”. It begins by saying:

“From the pristine sandy shores of Sanibel Island to the calm cool azure waters of Kapalua Bay, a trip to the beach is always a good idea. The United States has some of the most amazing beaches in the world. That doesn’t mean that all beaches are trip-worthy. There are some beaches around the country that are either overrated or just places you need to stay away from. So, we’ve put together a list of the five best beaches to add to your must-see list and five that you need to avoid like the plague.”

Since I prefer the positive, here are their five “best” beaches. Read their blog yourself to find the others.

  • Sanibel Island, Florida
  • Kapalua Bay Beach, Maui, Hawaii
  • Key West, Florida
  • La Jolla Beach, California
  • Cape Hatteras National Seashore, North Carolina

Potential Title Insurance Pitfalls When Transferring Property into a Trust or LLC

In an email this week from the Legal Scoop Blog of Henderson, Franklin, Starnes & Hold, P.A. by Caleb Hinton on July 23, 2019:

“As a real estate attorney, one request I often receive from clients is to prepare a deed to transfer their real estate into either a trust (such as a revocable trust for estate planning purposes) or an LLC (for liability purposes). At first glance, this may appear to be a simple request with no adverse effects or consequences. However, depending on when the property was acquired, transferring your property may have adverse effects on your owner’s title policy that you received when you purchased the property.

“Florida Title Insurance Policy Forms – The Florida Office of Insurance Regulation (“Florida OIR”) governs the title insurance industry in several ways, including the rates charged and the title insurance policy forms issued by attorneys and title agents to purchasers of real estate.

“In 2011, OIR approved a new title insurance policy form for both owner’s and lender’s policies that is known as the ALTA 2006 Form (“06 Form”). The 06 Form includes an expanded definition of “Insured” under the policy, including transfers by the Insured listed on Schedule A (“Named Insured”) of the policy into a trust if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Named Insured of the owner’s policy.

“The 06 Form also expands the definition of “Insured” under the 06 Form to include the grantee of the Named Insured if the Insured on Schedule A wholly owns the stock, shares, membership, or other equity interests of the grantee.

“Potential Pitfalls – Before 2011, title insurance agents were using the ALTA 1992 Form (“92 Form”) which contained a narrower definition of “Insured.” More specifically, the 92 Form defined “Insured” as the Insured on Schedule A of the owner’s policy (which is the name in which you took title) and those who succeeded to their interest by operation of law including heirs, distributees, devisees, personal representatives (of an estate), or corporate fiduciaries or successors. Simply stated, your title insurance coverage would pass to your heirs in the event of death.

“Under the 92 Form, the definition of “Insured” does not expressly include entities (such as LLCs) where the Named Insured on the policy conveys the property to an LLC of which they are the sole member. Also, the 92 Form does not expressly include transfers from the Named Insured to a trustee of trust such a revocable living trust used in traditional estate planning.

“Accordingly, if you took title to your property prior to 2011 and subsequently convey the property to your trust or a LLC, you may lose your coverage under your owner’s title policy.

“Take-Away – There are many factors to weigh when transferring real estate and it is essential to understand the consequences of any potential transfer being considered. It is important, therefore, to have an attorney review your individual situation, including whether or not any proposed transfer would potentially create coverage issues with the title insurance company that issued your owner’s policy. If you have any questions or need assistance, please feel free to contact me at caleb.hinton@henlaw.com or by phone at 239-344-1125.”

Help the Sea Turtles

The Sanibel-Captiva Conservation Foundation (SCCF) posted this yesterday on Facebook:

“Early Sunday morning 7/21/19, a very familiar face visited Sanibel. Jane, a green sea turtle we first met in 2017, came ashore to nest. Our sea turtle team had already seen her six times this 2019 season, and Sunday marked our seventh encounter and her fifth nest!

“When she finished nesting, Jane attempted to return to the ocean but quickly became disoriented. Lost in the dune vegetation, Jane began to crawl in circles and away from the water, likely mistaking the light from nearby cities for her natural lighting cue of moonlight reflecting off the water. Our team stayed with Jane until she was able to safely find her way back to the beach and return to the sea.

“On Sanibel we are very fortunate to be designated a “dark beach” with ordinances focused on minimizing light pollution. Nevertheless, we are seeing an increase in sea turtle disorientation events every year.

“But how can sea turtles become disoriented if every place on the island has their lights off? Light from nearby cities that do not have lighting ordinances spills across the sky, brightening the horizon from inland, a phenomenon we call “skyglow”. Skyglow is the leading cause of disorientation for Sanibel’s nesting females and hatchlings. Sea turtles are born with the instinct to crawl towards the brightest light. Skyglow disorients turtles causing them to end up in dune vegetation, swimming pools or even roads where they are struck by vehicles.

“SCCF is reaching out to local governments to combat skyglow. Recently, a member of the Cape Coral City Council joined our nighttime survey to observe skyglow on Sanibel and learn about the effects on sea turtles.”

Sanibel & Captiva Islands Multiple Listing Service Activity July 19-26, 2019

Sanibel

CONDOS

1 new listing: Cottage Colony West #117 1/1 $625K.

No price changes.

1 new sale: Seashells #42 2/2 listed at $379.9K.

3 closed sales: Tennisplace #D22 1/1 $220K, Sundial #C310 1/1 $442K, Loggerhead Cay #562 2/2 $560K.

HOMES

No new listings.

8 price changes: 325 East Gulf Dr 1/1 now $518.5K, 9401 Beverly Ln 3/3 now $675K, 1558 Sand Castle Rd 3/2 now $699K (our listing) (some aerial photos below), 1559 Sand Castle Rd 3/2 now $749K, 707 Cardium St 3/2 now $750K, 9393 Peaceful Dr 3/2.5 now $799K, 534 N Yachtsman Dr 3/2 now $899K, 599 Lake Murex Cir 3/3.5 now $1.299M.

2 new sales: 3386 West Gulf Dr 3/3.5 listed at $1.199M, 4014 West Gulf Dr 4/3 listed at $3.699M.

2 closed sales: 993 Fish Crow Rd 3/3 $654.9K, 9454 Calla Ct 3/2 $835K.

LOTS

No new listings.

3 price changes: 5821 Pine Tree Dr now $439K, 5251 Indian Ct now $649K, 2510 Coconut Dr now $749.9K.

1 new sale: 486 Ponce De Leon Rd listed at $199K.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #2436 3/2 $825K.

No price changes, new, or closed sales.

HOMES

No new listings.

1 price change: 11509 Chapin Ln 4/4 now $1,974,999.

No new sales.

3 closed sales: 16825 Captiva Dr 3/2.5 $2,316,055; 16814 Captiva Dr 2/2.5 $4.9M, 17030 Captiva Dr 6/7.5 $6M.

LOTS

Nothing to report.

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

Until next Friday, when this will be posted earlier!

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

Come to Sanibel & Captiva to Cool Off


It’s another mostly-sunny Friday on Sanibel. Weather again this week has been a typical Florida summer pattern with warm bright days and occasional showers popping up – usually late day. The residual clouds continue to contribute to some gorgeous sunsets.

 

With disbelief, the team has watched up-north forecasts for high temperatures. If you are wondering about here, daytime highs next week are expected to be 87 to 89 degrees F; then, down to 79 degrees most nights, with 40% chance of daily showers.

Meanwhile, if  you are wondering, the gulf waters still are great and shells continue to roll in, particularly after the mini-storms.

Island Real Estate Happenings

There hasn’t been much Sanibel/Captiva real estate action this week. I got a surprise visit from a prospective buyer looking to purchase our near-beach lot listing. It’s always fun to help a young family achieve their dream of raising their family on the island. A summary of the activity posted in the Sanibel & Captiva Multiple Listing Service follows a few news items below. Next Thursday morning is the local Association of Realtors® July Membership meeting.

It’s a Sea Turtle Highway

SCCF photo

That was part of the description of a Facebook post this week by SCCF (Sanibel-Captiva Conservation Foundation) which also said “Sanibel Island has surpassed 700 nests so far this season! Combine that with over 1,000 false crawls and our beaches are basically a sea turtle highway! It is also an interesting time of year because while we still have nesting mothers coming ashore, we have nests hatching too!

Please remember if you happen to be on the beach at night to always use red filters on any source of white light so none of our turtles become disoriented! For more information about sea turtle disorientations, please visit: http://myfwc.com/…/wild…/sea-turtle/lighting/disorientations”.

Scoop from Sanibel City Council Meeting, Tues July 16

At their Tuesday meeting, Sanibel Council considered the draft City budget for 2020 (FY 2020). It proposes a $70,443,258 budget with a 1.9139 operating millage rate (which is the same rate assessed to taxpayers since 2016). The Lee County Property Appraiser’s office preliminarily assessed the City of Sanibel’s taxable property value at $5,279,612,650, a historic high and 1.6% higher than last year. The first public hearing on Sanibel’s tentative budget and tentative operating millage rate will be Mon, September 9 at 5:01 p.m. The second will be Mon, September 23 at the same time. Both meetings will be at MacKenzie Hall at 800 Dunlop Road.

Council’s action on a proposed draft ordinance that would prohibit use of motorized scooters on Sanibel’s shared use path system was delayed until the August meeting. Also postponed was their action on the proposed ordinance regarding gas-powered leaf blowers.

On a positive note, Council voted to adopt a resolution in support of reducing plastic litter. It calls for individuals and businesses to voluntarily use “environmentally friendly” alternatives to disposable plastic bags, to include those made from paper, cloth, canvas, and other natural products. (Florida statutes do not allow local governments to rule or regulate disposable plastic bags, so this resolution is an alternative.)

Marketing to 55+ Buyers?

Older buyers aren’t much different than younger ones. Most now rely on social media and the internet for information, with print ads increasingly less effective. Since the islands of Sanibel and Captiva continue to be a destination that is like a step back in time, our weekly “Island Sun” still brings inquiries. The print edition delivered to island households and mailboxes is read as often on-line, while our social media advertising (Facebook, Instagram, Twitter) and internet advertising have hugely increased this year.

The below article from Florida Realtors® on-line this week addresses the subject. Sourced to “Online Preferences of 55+ Homebuyers,” Immersion Active (July 2019), © Copyright 2019 INFORMATION INC., Bethesda, MD (301) 215-4688

“NEW YORK – Home-buyers over age 55 rely on technology to find their home, just like their younger counterparts. They say internet searches and social media greatly influence their home-buying decisions, according to a new survey of home buyers 55 and older conducted by Immersion Active, a marketing solutions agency.

“Of the 55-plus consumers surveyed, 89% said they intend to purchase a new home in the next five years and nearly 70% of respondents said they used online real estate directories for sources of information, with Realtor.com, Zillow, and Redfin among the most popular. Online community directories that target the boomer market, such as Ideal Living and 55Places.com, were also frequently used, according to the survey.

“Many older home-buyers said they checked communities’ or developers’ social media channels. Social media and community websites allow prospective buyers to get a sense of the community’s lifestyle through photos and videos. Social media also allows consumers to see comments and feedback from current residents.

Facebook was the top social media channel for 55-plus buyers: 89% of consumers who used social media used Facebook, while 38% used Instagram and 31% used Pinterest.

““Social media has become a leading source of word-of-mouth recommendations,” the survey found. “It’s where consumers go for recommendations and referrals from friends and even strangers.”

10 highest-rated features on community websites

  • Downloadable floor plans (52%)
  • Interior photos of fully furnished homes (51%)
  • Exterior photos of available homes or lots (49%)
  • HOA Information (47%)
  • Information about amenities (34%)
  • Community benefits and amenities (pool, trails, golf, boating, etc.) (32%)
  • Photos of community life (26%)
  • Local area information (schools, restaurants, shops, etc.) (17%)
  • Content on community social lifestyle and activities (14%)
  • About the builder (13%)

“On the other hand, traditional marketing methods were ranked as least popular by older home-buyers. Only 13% of the 55+ buyers said they found information through print publication or direct mail, and only 3% reviewed welcome packets or brochures.

““This should be a reality check for community developers and builders who rely heavily on print ads, billboards and other traditional marketing methods,” says Joe Ford, president and senior digital strategist at Immersion Active. “Internet marketing – including websites and social media – is more vital than ever to 55-plus home-buyers as they search for the perfect home. For the best leads, developers and builders need to optimize their online presence and ensure their content depicts what life is like for the consumer if they purchased a home in the community.”

“They also need to be readily available to respond to inquiries. However, the survey found that most home-buyers don’t expect an answer to their social media or website inquiries immediately, but they do expect some kind of response, usually within 24 hours or one business day.”

Off-Season Closing

Sanibel Historical Village will close Wed, July 31 and reopen Tues, October 15.

Summer Freebies – National Park & Recreation Month

Lee County Commissioners signed a resolution designating July as National Parks & Recreation Month. In recognition, Lee County Parks & Recreation will offer free pool admission and free parking on July 27 and 28 at the following locations:

  • Regional parks: Lakes Park, Manatee Park, Hickey Creek Mitigation Park, Caloosahatchee Regional Park, Six Mile Cypress Slough Preserve, and Caloosahatchee Creeks Preserve.
  • Beaches: Bonita Beach Access No. 1 & 10, Bonita Beach Park, Bowditch Point & Lynn Hall Memorial Park, Bunche Beach, Bowman’s Beach, & Turner Beach (north side of Blind Pass).
  • Boat ramps: Punta Rassa, Matlacha, Alva, Davis, Pine Island Commerical Marina, & Imperial River.
  • Pools: Leigh Community Pool, North Fort Myers Community Pool, Pine Island Community Pool, & San Carlos Community Pool.

More info at www.leeparks.org .

Europe Completes Its First Ever Blockchain Real Estate Sale for €6.5 Million

The July issue of ePro®’s newsletter had a link to the following article from Forbes, June 30. It is amazing how real estate business is changing with technology. Sanibel/Captiva Realtors® are looking forward to the advanced features that will be provided next month after conversion to our new Multiple Listing Service provider, while in Europe, the sale described below likely foretells the future of real estate sales. It will be interesting to see this evolve.

“Last week, the AnnA Villa in Paris made history by becoming the first ever European property to be sold entirely via blockchain transaction. The luxury building, located in the city’s Boulogne-Billancourt district, was valued at €6.5 million, and was sold to French real estate companies, Sapeb Immobilier and Valorcim. The process involved first transferring ownership of the building to a joint-stock company (SAPEB AnnA), then dividing the company into 100 tokens to be distributed to the owners respectively. Each token can be further broken down into 100,000 units, meaning individual shares of the building can be bought and sold for as little as €6.50.

“The deal – which was managed by French blockchain investment platform, Equisafe -was powered on the Ethereum token, and was the latest of several worldwide efforts to bring real estate sales onto blockchain technology. Last year, a $30 million Manhattan property was also tokenized on Ethereum, and in January of this year, a luxury resort in Aspen, Colorado raised $18 million through a security token offering.

“Real estate has often been touted as an industry ripe for tokenization, as its low liquidity and high barrier to entry deter many potential investors. Breaking real estate into fractional ownership would allow the general public easy access to small shares, enabling property to be traded similar to other exchange-based securities.

A search for real estate tokens reveals dozens that are already trading on secondary markets. For instance, digital equities group, Elevated Returns, plans to tokenize $100m of real estate in Thailand this year, while UK-based BRIKCOIN hopes to use blockchain technology to build affordable housing.

“Beyond the advantages of liquidity, tokenizing the real estate process provides many other advantages over a traditionally antiquated process. For instance, in the sale of the AnnA Villa, much of the cumbersome legal documentation involved with selling property (such as notarized deeds and proof of identity), was all encrypted and recorded on the blockchain. If scaled effectively, the time and cost saved from not having to manually verify this information could prove to be enormous. Equisafe is going as far as to claim individuals will be able to create investor profiles and access offers in less than half an hour.

“While the real estate industry is still very new to blockchain, it appears there is sustained interest in what the technology could provide moving forward. With precious few experiments to glean insight from, it’s likely this deal will have many eyes observing the outcome.”

Sanibel & Captiva Islands Multiple Listing Service Activity July 12-19, 2019

Sanibel

CONDOS

2 new listings: Sanibel Arms West #M2 2/2 $559K, Sanibel Arms West #I1 2/2 $569K.

2 price changes: Mariner Pointe #952 1/1 now $419K, Sandals #A 3/3.5 now $1.987M.

No new sales.

1 closed sale: Heron at The Sanctuary III #1B 3/2.5 $700K.

HOMES

3 new listings: 1684 Bunting Ln 2/2 $505K, 1060 White Ibis Dr 3/2 $749K, 1230 Bay Dr 3/3 $1.749M.

2 price changes: 547 N Yachtsman Dr 4/3.5 now $989K, 725 Donax St 6/6 now $1.295M.

4 new sales: 785 Rabbit Rd 3/2 half-duplex listed at $379K, 1520 Centre St 3/2 listed at $432.5K, 6047 Sanibel-Captiva Rd 3/2.5 listed at $1.095M, 1159 Golden Olive Ct 3/2 listed at $1.59M.

7 closed sales: 1886 Farm Trl 3/3 $600K, 4779 Rue Helene 3/3.5 $674K, 3284 Twin Lakes Ln 4/4 $765K, 3050 West Gulf Dr 3/2.5 $770K, 5240 Caloosa End Ln 3/3 $775K, 947 Cabbage Palm Ct 3/3.5 $878.75K, 955 Lindgren Blvd 3/2 $920K.

LOTS

1 new listing: 2510 Coconut Dr $749K.

No price changes.

3 new sales: 898 Rabbit Rd listed at $170K (our listing), 0 Dinkins Lake Rd listed at $268.5K, 1817 Longpoint Ln listed at $294.5K.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Homes #21 3/3 $3.5M.

1 price change: Sunset Captiva #103 2/2 now $800K.

1 new sale: Tennis Villas #3217 1/1 listed at $320K.

No closed sales.

HOMES & LOTS

Nothing to report.

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

Until next Friday, stay cool!

Susan Andrews, aka SanibelSusan

Let’s Continue to Celebrate the U.S.A.


It was another wonderful July 4th on sunny Sanibel. Or at least sunny most of the day. We had a big turnout at the office at 9 a.m., ready for parade viewing.

Then 12 hours later, right at 9 p.m., as scheduled, the City fireworks show over San Carlos Bay was spectacular. How they coordinated it between downpours was amazing. Thanks to all who made it such a special island holiday!

Here’s hoping yours also was a fun festive one.

Sanibel Susan Realty Associates

A holiday week sometimes means it’s a slow one for island real estate and this was no exception. Beyond the holiday festivities, there is not much local news to report, but since it is beyond the ½-year mark, it is a good time to revisit the Sanibel and Captiva real estate market. Off-island, the local news stations and papers have been reporting what the county Tax Assessor expects for annual appreciation in each city. I shake my head every July when this occurs, because what happens in the first half of the year doesn’t always reflect what will happen in the 2nd. Last year was a good example of that.

Another twist with island sales, is that more high-end closings usually occur early in the year, just a factor in their usually being two to three times more qualified buyers here all winter than during the summer.

This year sales lagged a little in getting started, but with gulf and bay waters still glistening and many clean water initiatives underway, my crystal ball says 2019 will turn out better than 2018. With the economy strong and plenty of nice inventory available, I predict good sales all summer. At SanibelSusan Realty, our June and July closings already far exceed the first five months of the year.

Below is a snapshot of the today’s Sanibel and Captiva inventory, compared to sales during the same period last year. The statistics also are shown comparing sales year-over-year. (Info from Sanibel/Captiva MLS, disclosure below applies.)

Average Sanibel sale prices lag 2018 for condos, homes, and lots. The number of Sanibel condo and home sales also are less than last year.

On Captiva, average condo and home prices are up, but the samplings are small, with fewer Captiva condos and homes sold than during the same time last year.

 

Property Type

Sanibel Captiva
Condos Homes Lots Condos Homes Lots
# Avg $ # Avg $ # Avg $ # Avg $ # Avg $ # Avg $
For sale 107 815,088 168 1,351,489 68 647,077 44 1,026,318 37 2,890,240 3 1,929,667
Under contract 15 654,837 28 870,916 1 149,000 1 469,000 6 3,360,832 0 N/A
Sold 1/1-7/5/2019 78 683,609 125 983,314 9 451,222 14 1,201,557 8 3,002,188 0 N/A
Sold 1/1-7/5/2018 96 743,571 158 1,214,614 9 478,556 17 912,933 12 2,163,442 0 N/A
Sold 2018 155 720,617 218 1,112,748 21 602,095 27 797,532 25 2,127,352 0 N/A
Sold 2017 140 728,793 186 1,004,237 32 327,229 34 671,551 22 2,457,023 2 2,312,500
Sold 2016 143 717,768 181 979,576 25 487,095 22 873,636 27 3,195,000 2 3,150,000

50th Anniversary of RPAC

As the National Association of Realtors® (NAR) celebrates the 50th anniversary of the REALTORS® Political Action Committee (RPAC), their biggest supporters were recognized with a surprise to represent their commitment to promoting and protecting real estate ownership and this milestone in NAR’s history.

In Washington, DC, in May for the REALTORS® Legislative Meetings & Trade Expo, their special guest speaker Phil Hansen unveiled an incredible piece of artwork that showcases all of the nation’s 2018 RPAC Major Investors – within the iconic image of the NAR building in DC overlooking the U.S. Capitol.

You too can see the image at https://realtorparty.realtor/rpac50#art. It was an honor in 2017 to be the first island Realtor® inducted to NAR’s Hall of Fame (those plagues are atop the same NAR building in DC). To then find my name on this amazing piece of art is exciting too. Either search for my name or zoom into frame “H3” and you will find it.

Commitment to RPAC equates to caring about real estate, personal property rights, and home ownership. Congratulations RPAC on your 50th anniversary.

Sanibel Bunnies

The July/August 2019 issue of the Sanibel-Captiva Conservation Foundation (SCCF) member update includes info about island rabbits. Since last summer, their population here has increased dramatically. At Sanibel Square, I see at least two each evening when I close up and often make a game of counting how many I see driving home at night. My record count for that short drive (less than 3 miles) is 54 bunnies. At home in the evening just before sunset, at least one is munching my grass. They sure are cute! Below are some excerpts from SCCF’s article:

“The marsh rabbit (Sylvilagus palustris) is a native species in Florida and can be found throughout the state. Throughout most of their range they are considered a species of least concern for conservation purposes, but the Florida Keys subspecies, the Lower Keys rabbit (Sylvilagus palustris hefneri) is both state and federally endangered. Though they are from the same family as cottontails, marsh rabbits lack the signature white fluffy tail of their relatives.

“Marsh rabbits are strong swimmers and tend to walk using all four legs rather than hop like most rabbits. Their predators include alligators, owls, hawks, bobcats, and coyotes. In addition to threats from predators, flooding and hurricanes can take a toll on rabbit populations by flooding out their nesting habitat.

“Rabbits breed year-‘round in south Florida, but the peak of breeding takes place between December and June. The marsh rabbit’s preferred home is in wetland habitat, especially freshwater marshes. Over time, the landscape of Sanibel has changed significantly, leaving much less acreage of freshwater marshes and cordgrass swales. In the absence of natural fire regimes, many of these marshes have begun to fill in with hardwoods like buttonwood. Our freshwater marshes are not only important for our rabbits, but also for our only endemic animal species: the Sanibel Island rice rat (Oryzomys palustris sanibeli). Both of these small mammals are also important prey species for our native hawks and owls, who also suffer the loss of this important habitat type.

“SCCF and other agencies on the island conduct occasional prescribed burns to maintain healthy marshes and swales for the benefit of all our native wildlife. In addition to prescribed burns, SCCF mows some of these areas during the dry season and engages in mechanical removal of buttonwood.

“As our city’s vision statement says: “Sanibel is and shall remain a barrier island sanctuary, one in which a diverse population lives in harmony with the island’s wildlife and natural habitats.” Our native rabbit population is currently experiencing a natural boom, which will eventually subside. Below is a list of plants for your landscaping consideration. If you have questions about landscaping to attract or to naturally deter rabbits, please stop by our Native Landscapes and Garden Center at the Bailey Homestead Preserve….”

Plants that rabbits like to eat:

  • Firebush (Hamelia patens)
  • Gaillardia/Blanket Flower (Gaillardia pulchella)
  • Dune Sunflowers (Helianthus debilis)
  • Black-eyed Susan (Rudbeckia hirta)
  • Grasses-Muhley Grass (Muhlenbergia capillaris), Fakahatchee Grass (Tripsacum dactyloides), Sea Oats (Uniola paniculata), Dwarf Fakahatchee (Tripsacum floridanum)
  • Blue Porterweed (Stachytarpheta jamaicensis) • Tickseed (Coreopsis leavenworthii)

“Plants that rabbits don’t like to eat:

  • Red Salvia (Salvia coccinea)
  • Southern River Sage (Salvia misella)
  • Bahama Cassia (Senna mexicana var. chapmanii)
  • Cocoplum (Chrysobalanus icaco)
  • Coontie (Zamia pumila)
  • Quailberry (Crossopetalum ilicifolium)
  • Walter’s Viburnum (Viburnum obovatum)
  • Several aqautics: Blue Flag Iris (Iris virginica), Canna Lily (Canna flaccida), Lizard’s Tail (Saururus cernuus)
  • Wild Coffee (Psychotria nervosa)
  • Gopher Apple (Licania michauxii)”

Sanibel & Captiva Islands Multiple Listing Service Activity June 28-July 5, 2019

Sanibel

CONDOS

3 new listings: Seashells #12 2/2 $395K, Sundial West #I405 1/1 $435K, Sundial West #J201 1/1 $550K.

2 price changes: Sanibel Arms West #M1 2/2 now $511K, Pine Cove #202 3/2 now $1.4M.

1 new sale: White Caps #5 1/1 listed at $499.9K.

1 closed sale: Captains Walk #F4 1/1 $315K (our listing).

HOMES

2 new listings: 1390 Middle Gulf Dr 3/3 $499K, 1119 Seagrape Ln 2/1 $800K.

3 price changes: 632 Lake Murex Cir 3/2 now $725K, 4339 Gulf Pines Dr 3/2 now $750K, 1520 Angel Dr 5/5.5 now $1.595M.

3 new sales: 1175 Sand Castle Rd 3/3 listed at $738K, 6406 San-Cap Rd 3/3.5 listed at $899K, 5313 Punta Caloosa 4/3 listed at $899K.

2 closed sales: 1311 Sand Castle Rd 3/2 $875K, 2303 Troon Ct 3/3.5 $1.085M.

LOTS

2 new listings: 2486 Wulfert Rd $139K, 933 Strangler Fig Ln $495K.

2 price changes: 0 Island Inn Rd now $750K, 1800 Woodring Rd now $2.695M.

No new sales.

1 closed sale: 5618 Baltusrol Ct $305K.

Captiva

CONDOS

No new listings.

1 price change: Beach Villas #2417 1/1 now $510K.

No new or closed sales.

HOMES

No new listings.

1 price change: 16813 Captiva Dr 3/3 now $2.25M.

No new or closed sales.

LOTS

Nothing to report.

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

May your holiday fun continue right through the weekend,

Susan Andrews, aka SanibelSusan

Wrapping June & Looking Forward to July On Sunny Sanibel


It’s another sunny Friday on Sanibel, with island merchants, restaurants, and Realtors® all hoping for a boost in business from soon-arriving holiday vacationers and visitors. With very little rain this week until a couple of late day thunderstorms yesterday, bay and gulf waters remain clear and bright.

The weather continues to be warmer than usual for this early in the summer, with near-record temperatures almost every day. Those temperatures dropped a little after the showers last night, with more typical high-80’s expected for the next few days with occasional scattered thunderstorms. Betcha we have another one tonight.

First another royal poinciana tree photo – a great vision of red against a blue sky. They are about gone by now, but will be back in bloom next May/June.

Sanibel & Captiva Islands Association or Realtors® June Membership Meeting

Yesterday was the June Monthly Membership Meeting of the local Association of Realtors®. Attendance was light.

Speaker was Ashley Gibbons, Member Services Manager at the Sanibel-Captiva Chamber of Commerce. She explained how visitor traffic to both islands, their facility, and their website continue to increase following a tough period after last summer’s red tide. The Chamber’s renovation is complete, several staff members are new, and their social media, including Instagram, also continue to get more followers.

The real estate announcements that followed were few, with just a handful of sales and price reductions. Caravan included six new listings open for viewing.

SanibelSusan Realty Associates

It was a busy week for the team, with a closing, a new sale, and action items accomplished with both active listings and upcoming closings. Our detailed report of the activity in the Sanibel and Captiva Multiple Listing Service follows a few news items below, including the local island July 4th events.

Island Holiday Happenings

Pancake Breakfast from 7 to 9 p.m. at the Sanibel Community Church, complimentary all-you-can-eat pancakes, sausage, juice, & coffee, with donations to benefit Boy Scout Troop 1740. 

29th Annual Independence Day Parade begins at 9:30 a.m. at the intersection of Periwinkle Way and Tarpon Bay Road. The theme this year is “Seas the Day” with Captains for Clean Water serving as grand marshal. The parade runs east on Periwinkle and ends at Casa Ybel Road. Parade judges will be stationed in front of Winds. Parade watchers are reminded to arrive early, Periwinkle Way from Donax Street to Tarpon Bay Road will be closed beginning at 9 a.m. (and reopen about noon).

July 4th Celebration at Jerry’s Shopping Center begins after the parade, until 2:30 p.m. with complimentary hot dogs & snow cones, plus water slide, bounce house, face painting & other patriotic fun for kiddos.

40th Sanibel-Captiva Optimist Club Road Rally which is an automobile scavenger hunt, begins at noon at The Timbers parking lot. Proceeds fund local youth benefits and scholarships. Entry forms are available at Bailey’s, Sanibel Café, Sanibel-Captiva Community Bank, or online at www.sancapoptimist.org. Rally is limited to 50 vehicles. Prizes are awarded for correct time and mileage, most correct answers to the quiz, best decorated vehicle, team coming from the farthest location, and team finishing last. I’ve done this several times and it ain’t easy, but it’s fun!

An Awesome 4th of July as advertised by The Dunes Golf & Tennis Club from 5:30 to 9:30 p.m., includes a backyard BBQ dinner, DG, swimming, putting course, and fireworks. Reservations required 239-472-3355.

Fireworks at dusk from the end of Bailey Road out over the bay. Best viewing on the causeway and bay side of the island.

The Future of Southwest Florida International Airport

Southwest Florida International Airport, aka RSW, is one of the newest airports in the nation, with a terminal less than 15 years old. Even so, with 9 to 10 million travelers a year passing through the airport, lines often are backed up “in season”. With more and more people moving to SW Florida, plans are in the works to stay ahead of the growth with a $200M renovation in the works.

In the local news this week, it was reported that getting through TSA (Transportation Security Administration) will be faster as part of this airport expansion with a new plan to make checkpoints more efficient. Even with RSW’s unique design of three separate security checkpoints determined by airline, there are reports of it taking more than an hour to get through security in the throes of season. Lee County Port Authority already had announced a $1.7 million plan to cut back on these wait times.  The plan creates up to two additional security lines per concourse. These changes are expected to be completed by October/November and will allow passengers to board faster.

Plans to expand RSW are more than halfway complete, with renderings including a new gate, amenities, and consolidating concourses. The most significant change planned is an 18-line centralized security checkpoint, which will be usable by 2023. According to a Wink News article published Tuesday, airport leaders are looking even farther ahead of this project with their long-range plan including space for a second runway.

Florida Gov. DeSantis Signs Budget With Real Estate Priorities

On Tuesday, posted by FloridaRealtors® on-line:

“TALLAHASSEE, Fla. – Florida Gov. Ron DeSantis signed the 2019 state budget late last week, and while he used his line-item veto power to remove some budget items, a number of items that impact real estate made it through the process.

“$682 million for environmental projects – A massive bill to help the environment includes $400 million for Everglades restoration, $100 million for springs restoration, $50 million for beach restoration projects, $25 million to combat blue-green algae and red tide, and $25 million for a septic-to-sewer cost-share program.

“$200 million-plus for affordable housing projects – Lawmakers allocated money from the state and local government housing trust funds for affordable housing programs, with more than half the money ($115 million) destined to assist Panhandle residents whose properties were devastated by Hurricane Michael.

“$15 million to continue LIDAR mapping – The Division of Emergency Management may continue spending the

$15 million currently being used for LIDAR (light detection and ranging) mapping. LIDAR is a next-generation mapping technique and has the potential to lower flood insurance rates throughout Florida.

“$500,000 to prevent unlicensed real estate activity – The Legislature allocated money from the Professional Regulation Trust Fund to the Department of Business and Professional Regulation (DBPR) for its ongoing effort to combat unlicensed real estate activity.”

Gov. DeSantis Announces Plan to Crack Down on Environmental Crimes

There was more good “water” news on Tuesday when, during a visit to Stuart, Gov. Ron DeSantis announced a new plan to crack down on Florida’s environmental crimes. During a news conference at the Florida Oceanographic Coastal Center, he signed a bill that creates a Division of Law Enforcement within Florida’s Department of Environmental Protection (DEP) which allows the DEP to conduct criminal investigations into environmental crimes. Officials said the DEP’s Division of Law Enforcement will be made up of sworn officers. Since taking office in January, Gov. DeSantis has made Florida’s environment a top priority.

Construction Progress at BIG ARTS

If you have attended an event or taken a class at BIG ARTS, you will appreciate how quickly their new building is progressing. The former buildings were demolished in early April, right after their annual Spring Concerts. Click on the blue link below for a 4-minute walk through the construction site with Architect Amy Nowacki.

https://www.youtube.com/watch?v=-SrTXWQXSyA

(Amy is a busy multi-talented gal, also singing for many years in the BIG ARTS Community Chorus. She also is the architect for the renovations underway at the Bailey-Matthews National Shell Museum, scheduled to reopen mid-July.)

Sanibel & Captiva Islands Multiple Listing Service Activity June 21-28, 2019

Sanibel

CONDOS

No new listings

4 price changes: Seashells #36 2/2 now $375K, Mariner Pointe #642 2/2 now $593K, Sanctuary Golf Villages I #5-1 2/2.5 now $773.9K, White Pelican #114 2/2 now $895K.

4 new sales: Tennisplace #D31 1/1 listed at $235K; Sanibel Moorings #1622 2/2 listed at $499K; Surfside12 #A3 3/2 listed at $749,999; White Pelican #133 3/3 listed at $1.595M.

3 closed sales: Mariner Pointe #122 1/1 $347.5K (our buyer), Tarpon Beach #304 2/2 $987.5K, Compass Point #183 2/2 $1.15M.

HOMES

2 new listings: 6496 Sanibel-Captiva Rd 3/3.5 $899K, 1285 Par View Dr 4/2.5 $919K.

11 price changes: 785 Rabbit Rd 3/2 half-duplex now $379K, 1550 Centre Ct 3/2 now $599K, 1418 Sanderling Cir 3/3 now $649.9K, 9446 Beverly Ln 3/3.5 now $674K, 9401 Beverly Ln 3/3 now $719K, 1559 Sand Castle Rd 3/2 now $754K, 1350 Middle Gulf Dr, #1F 3/3 half-duplex now $779K, 731 Durion Ct 3/2 now $785K, 335 Cowry Ct 4/3.5 now $799.9K, 0 Dinkins Lake Rd 3/3.5 now $969.5K, 4080 West Gulf Dr 3/2 now $995K.

5 new sales: 993 Fish Crow Rd 3/3 listed at $684.9K, 3284 Twin Lakes Ln 4/4 listed at $785K, 947 Cabbage Palm Ct 3/3.5 listed at $995K, 1349 Eagle Run Dr 3/2.5 listed at $999K, 1351 Middle Gulf Dr, #2C 3/3 listed at $1.495M (our listing).

6 closed sales: 745 Martha’s Ln 3/2 $462.5K, 1427 Sandpiper Cir 2/2 half-duplex $460K, 458 Cas Ybel Rd 3/2.5 $655K, 702 Durion Ct 3/2 $754K, 2984 Wulfert Rd 3/4 $1.09M, 1561 San Carlos Bay Dr 3/4 $1.8822M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings.

1 price change: Sunset Beach Villas #2216 1/1 now $519.9K.

1 new sale: with contingencies: Tennis Villas #3230 2/2 listed at $469K.

1 closed sale: Bayside Villas #4124 1/2 $387.5K.

HOMES

1 new listing: 16525 Captiva Dr 3/4 $1.65M.

No price changes.

2 new sales: 16801 Captiva Dr 3/3.5 listed at $2.095M, 17030 Captiva Dr 6/7.5 listed at $6,999,990.

1 closed sale: 16798/802 Captiva Dr 4/4 $5.65M.

LOTS

Nothing to report.

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

Best wishes for a fun safe 4th of July holiday,

Susan Andrews, aka SanibelSusan

June Happenings on Sanibel & Captiva Islands


It’s another sunny Friday on Sanibel, following another week of fantastic weather until the first summer shower gave us a quick dousing this morning. Maybe the rainy season has begun. We don’t like using the “h” word, but that season has begun too (Jun 1 to Nov 30).

Meanwhile, the gulf and bay waters surrounding the islands are a brilliant blue and sparkling green. The color and clarity changes each summer when the rains stir up the sand and vegetation along the waterways, so it always pays to enjoy this view when you can.

With swimming pools already needing extra water and some grassy buffers along the bike paths looking like straw, rain is needed. The typical pattern for this time of the year is a quick daily shower or two. As the saying goes in Florida in the summer, “wait a minute and the weather will change.” Summer sunsets following a shower are the best.

SanibelSusan Realty Associates

Here at SanibelSusan Realty, we appreciated a nice closing on Monday and several of our listings continue to get good interest and showing activity. The action posted this week in the Sanibel & Captiva Multiple Listing Service follow some news below.

There was no Association of Realtors® Caravan Meeting yesterday, but I had 15 Realtors® there attending my “Resort & 2nd Home Market” class on Monday. It always is fun to share with colleagues. If we all do a better job, it helps everyone.

Attendees wearing their pop quiz prizes from 2019 Resort & 2nd Home class of the SCIS (Sanibel & Captiva Islands Specialist) designation. SanibelSusan instructing.

Summer Projects & Other Scoop

Il Cielo at 1244 Periwinkle Way –A sign says “closed for renovations, reopening in the fall”.

Malia Island Fusion Cuisine at 1100 Par View Drive in Beachview Estates, next to Sanibel Golf Club – Tried to celebrate our Monday closing there for lunch but found out that they have new summer hours. Open Mon-Thu from 4 p.m. until 9 p.m. Open Fri & Sat from 10 a.m. until 9 p.m. Closed Sunday.

Pointe Santo at 2445 West Gulf Dr – Will finish up their concrete-restoration building-exterior project late summer/early fall. Buildings A, B, D, and E are done with the work accomplished during the “off season” to least affect vacations and rentals. The spalling work in Building C is scheduled this year between Aug 11 and Oct 19.

View from Pointe Santo #C43. Make an offer now & seller agreeable to closing after summer restoration work is done.

Sanibel Delivery opened yesterday according to a recent article in the “Islander”. It’s an interesting concept. Sanibel Delivery will pick up and drop off take-out orders from restaurants, grocery and convenience store items, pet food and supplies, legal documents and run bank errands, pick up flowers, take packages to and from the post office or shipping stores, get ice, drinks, prescriptions. It also will stock a residence before an arrival or pick up items for donations. Sanibel Delivery services just Sanibel, not Captiva or west of Clam Bayou Ln/Pine Tree Dr. Operating Tues through Sun from 10:30 a.m. to 8:30 p.m. To schedule a delivery, call or text 239-308-5353 or email david@sanibeldelivery.com.

Condo Q&A: Who’s Responsible for Water Damage?

Since a condo owner recently asked me this same question, it was timely to read the below article posted this week on-line at FloridaRealtors®. Maybe this is of interest to you too:

“By Steven J. Adamczyk

“June 3, 2019 – Question: A unit owner in our building suffered water damage in his unit due to a clog in his drain pipes. He is claiming that the association should pay for all of the repairs inside the unit. Coincidentally, this owner does not have insurance and the drains have otherwise been working fine. Is there any merit to the owner’s claim? – T.R, Deerfield Beach

“Answer: Any time there is water damage, the first question is whether the damage is the result of an insurable event. When there is an insurable event, the statute will dictate who is responsible for what damage. Likewise, if there is no insurable event, the declaration of condominium will dictate who is responsible for what damage.

Here, we will assume it was an insurable event. If so, the statute provides that the condominium association is responsible to repair and replace property insured by the condominium association. With this type of damage, it means the association will likely repair and replace drywall, but the statute then provides that the owner is responsible to repair and replace interior portions of the unit such as kitchen cabinets, floor coverings, paints, and personal property such as furniture within the unit.

“It is possible that the above delegation of responsibility can be shifted so that one party is responsible for everything. Under the statute, this can happen if one party is negligent or if they fail to follow a rule.

For example, if the association had been notified that the common element pipes had been malfunctioning for a long time and the association ignored the problem, it is possible the association would be responsible for everything, assuming the damage here was the result of that ignored common element problem. Likewise, if the rules prohibit shoving paper towels down a drain and the clog was due to these paper towels, the owner could be responsible for all damage.

“We often see these aggressive accusations when there is no insurance for the obvious reason that the owner knows the association has insurance. That being said, it is highly unlikely that you are responsible for all of the damage, and you should consult with your attorney and insurance carrier to determine the extent of your responsibilities.

“Editor’s note: Attorneys at Goede, Adamczyk, DeBoest & Cross, PLLC, respond to questions about Florida community association law. The firm represents community associations throughout Florida and focuses on condominium and homeowner association law, real estate law, litigation, estate planning and business law.”

Captiva Testing Iguana Removal Program

This article came from today’s “Island Sun”: “A pilot program funded by the Captiva Community Panel (CCP) is addressing the iguana problem currently plaguing the island. “The (iguana) issue came up at one of our panel meetings, and it’s been a topic of conversation for a while,” said Dave Jensen, CCP board member. “People have been seeing iguanas on their properties, and they can do some damage.”

“According to Jensen, he called the City of Sanibel to investigate how the neighboring community addresses their invasive species issue. They city’s department of natural resources put him in touch with Alfredo Fermin of AAA Wildlife Trapping & Removal Services, a professional trapper based in Cape Coral.

“Iguanas are very aggressive… they have a nasty bite and their tails can hurt you, too,” said Fermin, who has more than 10 years of experience trapping wildlife. “They can tear up your garden, they burrow near seawalls which causes a lot of damage, and their poop is dangerous because they carry diseases….”

“Iguanas can grow up to six feet long, have no natural predators. One female may lay between 40 and 70 eggs at a time, and the species is a direct threat to burrowing owls.”

“One month ago, the CCP agreed to hire AAA Wildlife Trapping & Removal Services to come to Captiva, trap and remove nuisance iguanas. The pilot program requests that island residents give permission to Fermin to access their property and remove the iguanas.

“On his first visit to Captiva on May 7, Fermin visited 20 properties and removed 21 iguanas. Since then, he has returned to more than 50 properties and eliminated 56 iguanas.

“If you don’t know what you are doing, it can be nearly impossible to catch them,” said Fermin, who uses a noose bar to snare the iguanas. “It’s still too early to give an estimate on the number of iguanas there are on Captiva, but I’ll be out there every Tuesday until the funds run out.”

“Jensen added that if AAA Wildlife Trapping & Removal Services determines that there is an overpopulation of iguanas on Captiva, the CCP will request that Lee County assist with the funding of the removal program.

“To give permission for AAA Wildlife Trapping & Removal Service to access your island property, call Dave Jensen at 470-5389. For iguana-specific questions, contact Alfredo Fermin via email at AAAWildlife1@yahoo.com or by calling 440-7783.”

Families & Friends of The Sanibel School

The Sanibel School (Elementary & Middle) (A Florida School of Excellence & nationally rated Blue Ribbon school) currently is accepting students and approving off-island attendance waivers.

Sanibel & Captiva Islands Multiple Listing Service Activity May 31 – June 7, 2019

Sanibel

CONDOS

2 new listings: Tarpon Beach #305 2/2 $1.1M, Kings Crown #302 2/2 $1.6M.

9 price changes: Sundial #H210 1/1 now $379K; Blind Pass #E202 2/2 now $450K; Mariner Pointe #642 2/2 now $597K; Sandalfoot #3C1 2/2 now $674K; Surfside 12 #A3 3/2 now $749,999; Sandpiper Beach #303 2/2 now $759.9K; Shell Island Beach Club #7C 2/2 now $799K; Oceans Reach #3A1 2/2 now $899.5K, Island Beach Club #340E 2/2 now $1.231M.

4 new sales: Spanish Cay #B4 2/2 listed at $399K, Sundial #G405 1/1 listed at $419,555; Sundial #C310 1/1 listed at $459,750; Sundial #J204 2/2 listed at $793K.

5 closed sales: Sanibel Siesta #109 2/2 $510K, Cottage Colony West #112 1/1 $585K, Lighthouse Point #229 3/2 $650K, Loggerhead Cay #582 2/2 $680K, White Sands #25 2/2 $957K.

HOMES

2 new listings: 5307 Ladyfinger Lake Rd 3/2.5 $685K, 2739 Wulfert Rd 4/5.5 $1.375M.

6 price changes: 430 Old Trail Rd 3/2.5 now $639K, 1550 Centre St 3/2 now $645K, 1244 Par View Dr 4/3 now $949K, 1743 Venus Dr 4/3.5 now $1.6399M, 1133 Golden Olive Ct 3/3.5 now $2.299M, 4709 Rue belle Mer 3/2 now $3.125M.

5 new sales: 9052 Mockingbird Ln 3/2 listed at $650K, 3050 West Gulf Dr 3/2.5 listed at $799.9K, 845 Birdie View Pt 3/3 listed at $1.169M, 2303 Troon Ct 3/3.5 listed at $1.189M, 2689 Wulfert Rd 4/5.5 listed at $1.747M.

2 closed sales: 5869 Pine Tree Dr 3/2 $589K (our buyer), 3941 Coquina Dr 3/2 $800K.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings, price changes or new sales.

1 closed sale: Captiva Cove #C 5/4 $3.475M.

HOMES

1 new listing: 956 South Seas Plantation Rd 6/6 $5.5M.

1 price change: 41 Oster Ct 2/2.5 now $998,899.

2 new sales: 31 Urchin Ct 3/3 listed at $995K, 16825 Captiva Dr 3/2.5 listed at $2.695M.

No closed sales.

LOTS

Nothing to report.

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

Until next Friday, make it a great one! Susan Andrews, aka SanibelSusan

Easter Blessings Abound On Sanibel


It’s SanibelSusan, reporting about another fun week on the islands. Many end-of-season events are wrapping things up and the spring weather here has been perfect – bright sunny warm breezy days, mostly in the 70’s, with gorgeous sunsets, followed by mild evenings.

Susan Yard 03-18-16

 

Lots of families and visitors are here on spring breaks and Easter vacations, so there has been lots of roadway traffic. Bike paths are busy too. Adding to that, Vice President Pence arrived yesterday and is expected to be here until next Friday enjoying Sanibel. (My lips are sealed as to which client’s home he is visiting.)

We’ve had plenty of action in the office too, with sales processing toward closings, others in-the-works, and our listings getting good action. After a few news items, below is the activity reported this week in the Sanibel & Captiva Islands Multiple Listing Service.

March Membership Meeting – Sanibel & Captiva Islands Association of Realtors®

Congressman Francis Rooney – It was standing room only at 8 a.m. yesterday at the local Association of Realtors® monthly membership meeting. That’s because the speaker was Congressman Francis Rooney who came to update us on several important issues that affect our business.

arter rooney corace 03-30-18

Association affiliate member Dave Arter with Private Client Insurance Services, Congressman Rooney, & 2017 Association President Dustyn Corace

SanCap Mtg 03-29-18

Rooney is the U.S. Representative for Florida’s 19th congressional district which covers parts of Lee and Collier counties. He lives in Naples where he and his family have a base of diversified international group of companies that have created many jobs and economic opportunities in SW Florida and throughout the U.S. He also served many years as an U.S. ambassador.

His down-to-earth presentation cut right to the chase, explaining how the fight for water quality continues with good progress made in recent legislation, but often without the necessary appropriations. Attendees including Realtors®, business affiliates, and local leaders were encouraged to push with property owners to also contact their congressional leaders, not just here, but in other states to likewise recognize the importance of this resource and what must be done and funded to ensure its continuity. Segments from his pitch were included in a TV report last night on “water quality” that appeared on Wink News.

Congressman Rooney also briefly mentioned how the Federal flood insurance program has been extended until July. But, since it is now out of the federal budget package, could be in jeopardy. (You can be sure that local, state, and national Realtors® organizations are closely following that too.)

Florida Realtors logoFlorida Realtors® Honor Society – At the same meeting, five members of the local association were recognized by Florida Realtors® for achieving 2017 Honor Society. I am one of the lucky five – recognized for making the achievement for the 19th year.

FishFood for F.I.S.H. – Realtors® and attendees were reminded that in April the Association is collecting non-perishable food items to help F.I.S.H. of San-Cap replenish their food pantry which often gets low when the island thins out. Snowbirds and owners heading home for the summer are reminded to drop items at F.I.S.H. or call your Realtor® or SanibelSusan Realty. We will gladly pick your items up and get them delivered to the food pantry – or drop them off here at 2242 Periwinkle Way, Suite 3.

Upcoming Eventseaster61

  • 24th Annual Spring Festival – tomorrow March 31 from 9 to 11 a.m. hosted by The Children’s Education Center of the Islands, held at the Community Park, across the street from SanibelSusan Realty.
  • Easter Egg Hunt – tomorrow March 31 from 11 a.m. to 1 p.m. at the Sanibel Community Church. In addition to the hunt – for 2,500 pre-filled eggs, there will be games, crafts, bounce house, storytelling, & free lunch.
  • 7th Annual Easter Eggstravaganza – tomorrow March 31 from 1 to 3 p.m. at Island Inn, both inside and outside activities (those inside at Traditions on the Beach).
  • BIG ARTS Chorus Spring Concerts – Wednesday April 4 and Thursday April 5 at 7 p.m. at Schein Performance Hall. It usually sells out, so get tickets at www.bigarts.org. SanibelSusan is in the alto section.

Living Shoreline Approved Along Woodring Road

Sanibelcityseal logoAt Tuesday’s Sanibel Planning Commission meeting, approval was given for a project between the City of Sanibel and the U.S. Fish & Wildlife Service to create a living shoreline along the eroded section of Woodring Road right-of-way. According to a report in the “Island Sun”:

us fISH & WILDLIFE LOGO“The project seeks to rebuild approximately 170 linear feet of existing rip-rap and stabilize approximately 710 linear feet of existing vegetated shoreline by the installation of “living shoreline”, an erosion control structure comprised of rip-rap, concrete pipes and “reefballs” …which provide additional protection from wave energy created by wind, waves, and boat wakes…The City has budgeted $200,000 for the project, which will likely go out for bids in late April, then be brought before Sanibel City Council in May or June…once approved, the project would be completed this summer in 30 to 45 days….”

Great American Cleanup – Sanibel Canals

Here’s a little scoop from Facebook:

kEEP AMERICA BEAUTIFUL“Join Coastal Keepers and the Ocean Tribe Paddlers on Saturday, April 21st for The Great American Cleanup, an initiative created by Keep America Beautiful. This is a paddle-based cleanup, so we will travel through Sanibel’s east end canals via paddlecraft, gathering litter along the way. If you do not have a paddlecraft, Ocean Tribe Paddlers has a limited number of loaner paddleboards and kayaks available.

“We will meet at Sanibel Sea School’s Flagship Campus at 8 AM for a briefing, then divide into small groups before driving to the Sanibel Boat Ramp to launch our vessels. Parking is available there for a small fee. All cleanup materials will be provided. After the event, participants are invited to return to Sanibel Sea School for refreshments.

“To register for The Great American Cleanup, please go to http://klcb.org/great-american-cleanup.html and choose Sanibel Canals as your location. We kindly ask that you register online in advance to help our friends at Keep Lee County Beautiful measure participation. To reserve a paddleboard or kayak, please contact oceantribepaddlers@sanibelseaschool.org before the event.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 23-30, 2018

Sanibel

CONDOS

2 new listings: Nutmeg Village #205 2/2 $760K, Sunset South #10C 2/2 $799K.

5 price changes: Sanibel Inn #3522 2/2 now $699K, Sandalfoot #3C1 2/2 now $729K, Loggerhead Cay #163 2/2 now $779K, Sundial West #E104 2/2 now $899K, Atrium #201 3/3 now $1.435M.

5 new sales: Seashells #42 2/2 listed at $379.9K, Sundial West #F306 1/1 listed at $465K, Sundial East #P204 2/2 listed at $899K, Sanctuary Golf Villages I #6 3/3 listed at $968.5K, Tanglewood #1A 3/2 listed at $1.045M.

5 closed sales: Captains Walk #D5 2/1 $288K, Spanish Cay #F3 1/1 $274K, Sanibel Seaview #C2 3/3 $920K, Loggerhead Cay #134 2/2 $935K, Kings Crown #317 2/2 $1.295M.

HOMES

5 new listings: 8991 Mockingbird Ln 3/2 $875K, 1438 Causey Ct 3/2 $895K, 1248 Par View Dr 4/4.5 $1.38M, 3790 West Gulf Dr 3/2.5 $1.699M, 413 Bella Vista Way 4/4 $2.495M.

14 price changes: 4542 Bowen Bayou Rd 3/2 now $515K, 998 Fish Crow Rd 3/2 now $599K, 610 Hideaway Ct 3/2.5 now $659K, 236 Hurricane Ln 2/3 now $689K, 4439 Gulf Pines Dr 3/2 now $695K, 4239 Gulf Pines Dr 3/2 now $699K, 4760 Rue Helene 3/2 now $879.5K, 3050 West Gulf Dr 3/2.5 now $949.9K, 1244 Par View Dr 4/3 now $1.099M, 1747 Jewel Box Dr 3/2 now $1.145M, 1349 Eagle Run Dr 3/2.5 now $1.155M, 852 Lindgren Blvd 4/3 now $1.159M, 490 Sawgrass Pl 3/2.5 now $1.649M, 2689 Wulfert Rd 4/5.5 now $1.894M.

11 new sales: 1438 Sandpiper Cir 3/2.5 half-duplex listed at $379.9K, 9471 Peaceful Dr 3/2 listed at $469K, 1283 Par View Dr 2/2 listed at $574K, 1410 Sand Castle Rd 2/2 listed at $609K, 225 Daniel Dr 3/2.5 listed at $699K, 727 Birdie View Pt 3/2 listed at $779K, 5410 Osprey Ct 3/2.5 listed at $799K, 239 Daniel Dr 3/2 listed at $998K (our listing), 330 East Gulf Dr 3/2 listed at $1.15M, 5403 Shearwater Dr 4/3 listed at $1.195M, 2167 Starfish Ln 4/4.5 listed at $1.875M.

8 closed sales: 3008 Singing Wind Dr 2/2 $360K, 1425 Causey Ct 4/3 $660K, 563 Hideaway Ct 3/2 $675K, 4791 Rue Helene 3/2 $830K, 1275 Par View Dr 3/2 $885K, 1114 Captains Walk St 3/3 $885K, 1470 Angel Dr 3/2 $875K, 4649 Rue Belle Mer 3/2.5 $2.45M.

LOTS

2 new listing: 978 Main St $184.9K, 2288 Starfish Ln $549K.

No price changes.

1 new sale: 6027 Dinkins Lake Rd listed at $239.8K.

1 closed sale: 2998 Singing Wind Dr $150K.

Captiva

CONDOS

1 new listing: Bayside Villas #5136 1/2 $399.9K.

1 price change: Sunset Captiva #302 3/3 now $2.495M.

1 new sale: Lands End Village #1665 2/2 listed at $975K.

No closed sales.

HOMES & LOTS

Nothing to report.

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

happy-easter4Happy Easter!

Susan Andrews, aka SanibelSusan

 

Another Week of Fabulous Island Weather


All is well again this week at SanibelSusan Realty. Another seven days of beautiful sunny warm weather have kept most visitors busy with outdoor activities. The following photos, I snapped with my cell phone this morning at Beach Access #6 on Sanibel’s West Gulf Drive.

Access 6 #1Access 6 #2

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

Realtors June Membership Meeting

San Cap LogoYesterday was the June monthly breakfast membership meeting at the Sanibel & Captiva Islands Association of Realtors®, a good opportunity for me to announce our new listing at Casa Ybel Resort. The condo was photographed professionally this week so it now is officially on the market.

The following slide show includes the unit and several resort amenities. Click the “Cottage Colony West #136” tab above for more details and a streaming video. This beach-front condo grossed over $92K last year in the easy on-site rental program.

This slideshow requires JavaScript.

The educational part of yesterday’s Realtor® meeting was a presentation by Sanibel City Manager, Judie Zimomra, and Lt. Bill Dalton of the Sanibel Police Department. Covering “hurricane season preparedness”, they offered some good and timely advice. Here are some of my take-aways:

Lt. Dalton described a study which determined the five areas of the nation that are the hardest to leave during a mandatory evacuation. Here are the worst five – a good example of when it’s not good to be in 1st position – but our area is, so this is a good reminder to leave early when a storm is heading this way.

  1. Southwest Florida – because of few east/west roadways & limited north/south evacuation routes.
  2. Tampa Bay area – high population & also few ways of egress
  3. Maryland/Northern Virginia/DC area – population
  4. New York/New Jersey – population
  5. Southeast Florida – population.

Another interesting tidbit is that there is a Lee County ordinance that says all county bridges must be closed when wind speed reaches 40 mph. That info brought a question from the floor which was “How do we get over the Caloosahatchee River bridges after leaving the islands.” Answer: “Leave early – before they are closed.” Yikes! That may be a good reason to leave when evacuation is recommended, but before it is mandatory.

Hurricane Charley in 2004 brought high wind to Southwest Florida. (Lt. Dalton reported that the City wind gauge broke when it recorded 143 mph, so the exact top wind speed is unknown.) Charley was a relatively small fast- moving storm. When compared to other larger and slower-moving past storms, if Charley had stayed longer, the storm surge here could have been as much as 17-23 feet, and damage could have covered a much broader area. Good reason to check your insurance coverage now! Hurricane season has begun!

Sanibelcityseal logoIf you are interested in receiving emergency Sanibel notifications, go to the City’s website at www.MySanibel.com and click on the link in the right hand column called “Code Red”. Code Red, Rapid Emergency Notification System, is an emergency telephone network which will text, call, or email you with information whenever the City turns the system on to report an emergency situation. Examples could include: evacuation notices, bio-terrorism alerts, boil water notices, and missing child reports.

If you are here in the summer or fall, now also is a good time to get your island reentry passes. These have not been needed since after Hurricane Charley, but you will need an up-to-date pass to get back on the island following an evacuation. There are separate passes for residential and commercial and these hang from your rear view mirror (or remain safely in your glove box until needed – hopefully never). Info about these passes also on www.MySanibel.com and at the Sanibel Police Department.

1st Annual National Shell Day a Success

The 1st Annual National Shell Day, a marketing effort in partnership with the Lee County Visitors and Convention Bureau and promoters of tourism at the Beaches of Fort Myers & Sanibel, was the talk of the islands on Monday.

“Good Morning American” weather gal, Ginger Zee, reported live over a 2-hour span from the beach at Sundial Resort where she not only reported the country’s weather, but also introduced their national audience to the “Sanibel stoop”, to Lola (a disabled American kestrel who lives at CROW (Clinic for the Rehabilitation of Wildlife, and to mollusks from the Bailey-Matthews National Shell Museum.

Garnering the most attention was the Shell Love Bug, which is a used Volkswagen Beetle convertible which was transformed into a sailor’s valentine on wheels thanks to Pam Rambo of ILoveShelling.com and a group of volunteers. (The photos below are from Pam’s web site.)

The Shell Love Bug is traveling around the county this week to promotional events. Here are some fun facts about its creation:

  • $7,000 cost of the 2005 Beetle
  • 20,000+ shells glued onto car
  • 65+ varieties of local shells
  • 60+ volunteers who transformed the car
  • 60+ tubes of “Marine Goop” adhesive for attaching the shells!

Americans Are Feeling Wealthier, More Upbeat

realtor logo“Realtor®Mag” on line on Monday has the following article sourced to “Daily Real Estate News” and “Fannie Mae”:

“Fannie Mae’s Home Purchase Sentiment Index zoomed to an all-time high in May as consumers get more upbeat about their paychecks and home selling. In May, the index reached a reading of 85.3, which follows an 18-month low reached in March.

“Three of six components the index measures registered increases last month, led by a 7 percentage point increase in the number of consumers reporting significantly higher income than a year ago. Also, the number of consumers who expect home prices to increase over the next 12 months rose 5 percentage points. Consumers were also upbeat that mortgage rates would decrease over the next year as well.

fannie-mae-logo“That said, the index indicator on whether it’s a “good time to buy” dropped 1 percentage point to an all-time survey low in May.

““Continued home price appreciation has been squeezing housing affordability, driving a two-year downward trend in the share of consumers who think it’s a good time to buy a home,” says Doug Duncan, senior vice president and chief economist at Fannie Mae. “The current low mortgage rate environment has helped ease this pressure, and fewer than half of consumers expect rates to go up in the next year. While the May increase in income growth perceptions could provide further support to prospective home buyers as the spring/summer home-buying season gains momentum, the effect may be muted by May’s discouraging jobs report.”

“Here’s a closer look at additional findings from Fannie Mae’s latest index reading:

  • 29% of Americans say now is a good time to buy a home, a drop of 1 percentage point from March and an all-time survey low for the second consecutive month.
  • 52% of consumers believe now is a good time to sell a home – an all-time survey high.
  • 42% of Americans believe that home prices will go up.
  • 72% of Americans say they are not concerned with losing their job, a drop of 2 percentage points from March.
  • 18% of Americans say their household income is significantly higher than it was a year ago, up 7 percentage points from March and at an all-time survey high.”

Buyers Gaining Upper Hand in Luxury Market

wall street journalPosted last week in “Daily Real Estate News, sourced to “The Wall Street Journal”, June 15, 2016:

“The number of luxury homes for sale is growing, and that is unlocking some deals for potential buyers, The Wall Street Journal reports. Indeed, inventory of homes priced between $500,000 to $750,000 increased nearly 16% in March compared to a year ago, according to data from NAR. What’s more, inventory for real estate priced more than $1 million increased 12.6% year-over-year.

“As more expensive homes linger on the market, buyers are finding more bargaining power.

“For sellers, this may be a tough realization that the power is shifting. Shannon Baird, a broker with Living Room Realty in Portland, Ore., says that a major challenge is changing the mindset of home sellers who are hearing news of quick sales and bidding wars. But that’s not the case in the upper price bracket in many markets.

“Stock market volatility has made some wealthy buyers more cautious to jump into a big home purchase at the moment. Also, fewer foreign buyers are on the market as the dollar strengthens, says Lawrence Yun, NAR’s chief economist. “The stock market has come back up, but we don’t know yet if that means the upper-end home buying market will begin to return,” Yun says.”

Do You Vote in Lee County?

Ding Darling Society logoIt “yes”, “Ding” Darling Wildlife Society’s June 23, 2016 newsletter asks that you “Keep Conserving Lee” and posted the following notice:

“Vote YES for Conservation 20/20.  Support the continued use of tax dollars to conserve important wildlife habitat and outdoor recreational opportunities in Lee County by voting YES for Conservation 20/20 in the November 8, 2016, election. Thanks to 20/20, we were able to fulfill our goal to purchase and protect property at Woodring Point in 2013. We hope to work with the county again in the future on such preservation partnerships.”

Here for July 4th?

4th-of-july-clip-artA few more July 4th events have been announced. Click on the “Upcoming Island Events” tab above for more details.

Here are some photos of where the fireworks could be viewed, including the end of Bailey Road (1st group of photos) and the end of Dixie Beach Boulevard (2nd group)– or anywhere on the bay side of the island.

Sanibel & Captiva Islands Multiple Listing Service Activity June 17-24, 2016

Sanibel

CONDOS

2 new listings: Loggerhead Cay #462 2/2 $539K, Cottage Colony West #136 1/1 $649K (our listing).

3 price changes: Seashells #38 2/2 now $372K, Mariner Pointe #943 2/2.5 now $619K, Sanctuary Golf Villages I #3-3 2/2.5 now $650K.

1 new sale: Compass Point #151 3/3 listed at $1.195M.

2 closed sales: Bayview Village #2A 3/3 $675K, Island Beach Club #330C 2/2 $760K.

HOMES

2 new listings: 3792 Coquina Dr 3/3 $1.049M, 6111 SanibelCaptiva Rd 5/4/3 $27M.

2 price changes: 1429 Jamaica Dr 3/3 now $769K, 243 Southwinds Dr 4/2.5 now $1.075M.

3 new sales: 676 Emeril Ct 3/2 listed at $729.9K, 2311 Starfish Ln 4/3 listed at $1.249M, 1520 Angel Dr 4/3/2 listed at $1.279M. 

1 closed sale: 1658 Sabal Palm Dr $852.5K.

LOTS

No new listings or price changes.

1 new sale: 2988+2993 Wulfert Rd listed at $899K.

1 closed sale: 1310 Par View Dr $331.25K.

Captiva

CONDOS

1 new listing: Tennis Villas #3238 2/2 $435K.

No price changes, new, or closed sales.

HOMES & LOTS

Nothing to report.

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

July 3 2015 5Until next Friday, when SanibelSusan Realty Associates will be all decked out for the holiday weekend!
(more pix next week)
Susan Andrews
aka SanibelSusan