October = Good Time to Buy for a Sunny Winter!

 

A reminder of how just beyond the Clam Bayou bridge is some of the best shelling in the world. Our condo listing at Blind Pass #E101 is just steps from the beach path.

This week’s real estate activity in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

Sanibel Farmers Market Back for 13th Season with Changes

With new safety guidelines, the Sanibel Farmers Market will return this weekend (October 4) and be open on Sundays through May 2021 from 8 a.m. to 1 p.m. at Sanibel City Hall. Market parking is in the lots at City Hall, the Library, BIG ARTS and Schoolhouse Theater. Handicap parking and bicycle parking are in designated areas at City Hall.

Organized by Local Roots which is co-owned by island residents Jean Baer and Betsy Ventura, the weekly market will feature a mix of vendors and products, plus crafters. With the ongoing pandemic, Local Roots has implemented several new protocols to keep the community/shoppers safe and vendors following CDC guidelines.

Most importantly, everyone (market visitors and vendors) will be required to wear a mask. Every vendor will have hand sanitizer, and it will be available upon entering and exiting the site. While the market in the past has served as a sort of gathering place for the community, this season, a “grab and go” format will be promoted to prevent lingering and gatherings. You are asked to “only touch if you are buying.” New signs will remind visitors of the mask requirement, to social distance, wash their hands. In spread vendors out, their number has been reduced and will be adjust as needed.

Shoppers will be able to stock up on fresh produce, seafood, breads and pastries, smoothies, BBQ, plants/flowers, and more. New vendors include: Swell Snacks with dried fruits, Chef Mazotta with frozen prepared meals and crab cakes, Daily Delice with French specialties, Uhmaze with fresh-pressed juices, Twila Mae Chicken Salad, Traveling Salad Bar, Sinless Sweets, Dream Earth Bowls, and Fresh Catch with seafood, pot pies, stuffed chicken breasts, beef, and pork. Returning favorites include: Island Seafood, Andre’s French Bakery, Pete’s Fresh Mozzarella, Venus Veggies Organic Farm, Dynasty Guacamole, Cherie’s Sweet Treats, and Ernesto & Luigi Sauces. There also will be five craft vendors each week – four permanent ones and one rotating artisan.

A different local nonprofit also will be provided a space every week, including the local PTA and Boy Scouts. Again, this year, Local Roots is partnering with F.I.S.H. of Sanibel-Captiva to help fill its pantry shelves with a program where market visitors may bring food donations or donate funds to buy items.

The market does not allow dogs, only service animals are permitted. The market also is free of plastic straws and plastic bags. Shoppers are encouraged to bring their own bag and swing by – and grab their items “to go”. More info online at www.BuyLocalLee.com.

Other Upcoming Events

Classic Car Show Tomorrow – The San Cap Motor Club Cruise-ins are resuming for season, with the kickoff tomorrow, October 3 from 9 to 11 a.m. at Periwinkle Place shopping center. Masks are required. Donuts from Bailey’s General Store will be available along with complimentary coffee. All are welcome to bring their classic cars. No pre-registration is necessary.

39th Taste of the Islands – Renamed “Taste of the Islands Reimagined” – This year the event which is an annual C.R.O.W. fundraiser will move into island restaurants and last through the month of November. All month, each participating restaurant will offer their “Taste” items to showcase their cuisine. A portion of the proceeds from those food and beverage sales will be donated to C.R.O.W. Additionally, every Sunday, a different “C.R.O.W. Crawl” will feature different restaurants for patrons to visit. The C.R.O.W. tent with Animal Ambassadors will be at these events. In lieu of admission, participants will purchase a “Taste Passport” with a list and map of the participating restaurants. To track their progress, each restaurant will stamp/punch the passport when a patron visits them. Only passport holders will be eligible to vote for their favorite restaurant to win the coveted “People’s Choice Award”. Passport holders also will be entered into a drawing for prizes, including vacation stays and gift certificates. Passports will be available at C.R.O.W. and the participating restaurants, or on-line at “will calls” both on and off Sanibel.

Luminary 2020 – The Sanibel & Captiva Chamber of Commerce has extended Luminary 2020 from seven hours to seven days for the “Coastal Distance Edition” on December 4-11. Instead of just single night events, this year, it will take place from Friday through Friday during normal operating hours when businesses will offer special discounts and deals. Retailers, restaurants, accommodations, personal services, attractions, recreational activities, and other local operations are invited to participate. The Chamber will create a dedicated landing Webpage for showcasing the week’s offers. With the tagline, “Eat, Shop, Stay, Play” like traditional Luminary celebrations, it promotes commerce on Sanibel and Captiva. Unlike past Luminaries, however, this year there will be no luminary light bags, alcohol (except where licensed), and no entertainment, events, or activities that might attract a crowd.

City of Sanibel

Again, this week, Sanibel Mayor Ruane extended the declared state of emergency due to COVID-19 until October 6, 2020, unless further extended. (Per State Statute, the maximum duration for a Mayoral Declaration of Emergency is seven days and thus must be updated weekly as the emergency exists.)

Per the Florida Department of Health, Sanibel’s total accumulative number of COVID-19 cases since March 26 is 50.

Home Buying & Selling During COVID-19

From FloridaRealtor® magazine October 2020: “As work, play and education turn to virtual environments, a new survey by Realogy indicates that Americans ages 50 and older want comfort, virtual tours and home inspections….  Additional findings from the consumer survey reveal a generational divide between those under the age of 50 and those 50+. Older Americans prioritize different things in the home, indicate different moving location preferences and have different plans for how they would use additional monetary funds.

Virtual Tours & Inspections May Ease Home Buying Decision Making – Over half of Americans say they would be comfortable putting their home on the market for sale virtually and more than a quarter of the 50+ population are comfortable buying a home having seen it only virtually and not in person. Among Americans who are uncomfortable or only somewhat comfortable buying a home virtually, a majority say virtual tours of the home, virtual home inspections and detailed neighborhood information and high-quality photos would ease their decision to buy a home virtually.

“Americans 50+ Prioritize the Home Differently Amidst COVID-19 – Comfort and convenience reign supreme: Americans 50+ are more likely than Americans under 50 to say top priority features include: laundry in the home, a patio/deck, accessibility and convenience, and an open layout. Most Americans of all ages say a yard or access to outdoor space is priority….

“Dreams of Urban Living Shift to the Suburbs – Among those who currently live in an urban area, nearly 40% are thinking about moving to a suburban or rural area in the future due to COVID-19….

“Retirement Still in the Cards? – Only 8% say that the coronavirus has caused them to move back their retirement date, while 3% say they plan to retire early. Over one-third of those surveyed said they have no current plans to retire….”

Remodeling Projects with the Greatest Return

Realtors® get asked this a lot, “Will I get my money back if I (do this)?” An article in the latest FloridaRealtor® magazine says that Remodeling Magazine asked real estate professionals what remodeling projects will pick up the greatest return when a home is sold. Here are their estimates for the percentage of return in the South Atlantic states.

  • Garage door replacement – 88.7%
  • Siding replacement (fiber-cement) – 80.5%
  • Minor kitchen remodel – 76.3%
  • Siding replacement (vinyl) – 76%
  • Roof replacement (asphalt singles) – 68.2%
  • Entry door replacement – 67%
  • Bathroom remodel – 66.7%
  • Major kitchen remodel – 58.7%
  • Bathroom addition – 53.9%

Sanibel & Captiva Islands Multiple Listing Service Activity September 25 – October 2, 2020

Sanibel

CONDOS

4 new listings: Captains Walk #B4 2/2 $395K, Sundial #I102 1/1 $450K, Sundial #O201 3/2 $819K, Wedgewood #102 3/3.5 $2.595M.

5 price changes: Coquina Beach #2B 2/2 now $494K, Sanibel Moorings #1512 2/2 now $525K, Loggerhead Cay #222 2/2 now $599K, Sanibel Inn #3512 2/2 now $727K, Sundial #T201 2/2 now $815K.

7 new sales: Sanibel Arms #D7 1/1 listed at $339K; Sundial #D308 1/1 listed at $409K; Ibis at The Sanctuary #202B 2/2 listed at $487.5K; Lighthouse Point #121 3/2 listed at $609,906; Compass Point #222 2/2 listed at $619K; Sandalfoot #2D2 2/2 listed at $659K (our listing); Loggerhead Cay #573 2/2 listed at $679K.

3 closed sales: Ibis at The Sanctuary #102A 2/2 $461K, Kings Crown #112 2/2 $655K, Yacht Haven #2 3/2 $890K.

HOMES

4 new listings: 956 Dixie Beach Blvd 2/1 $479K, 753 Nerita St 3/2 $589K, 2564 Wulfert Rd 4/5.5 $1.929M, 775 Conch Ct 4/3 $1.975M.

5 price changes: 1015 Fish Crow Rd 3/2 now $649K (our listing), 1223 Par View Dr 3/2 now $725K, 2001/2003 Mitzi Ln 6/6 duplex now $920K, 1035 S. Yachtsman Dr 5/4.5 now $1.074M, 1717 Jewel Box Dr 3/3.5 now $2,268,500.

1015 Fish Crow Rd in Gulf Shores

8 new sales: 1645 Sand Castle Rd 3/2.5 half-duplex listed at $540K; 9036 Mockingbird Dr 3/2 listed at $624,999; 525 N. Yachtsman Dr 3/2 listed at $789K; 917 Lindgren Blvd 3/2 listed at $895K; 3351 Barra Cir 3/2.5 listed at $1.199M; 4156 West Gulf Dr 3/2 listed at $1.329M; 769 Pyrula Ave 3/3.5 listed at $1.395M, 1520 Angel Dr 5/5.5 listed at $1.575M.

6 closed sales: 4606 Brainard Bayou 2/2 $455K, 9240 Belding Dr 3/2.5 $600K, 1068 White Ibis Dr 3/3 $680K, 1114 Sabal St 2/2 $769K, 1121 Skiff Pl 3/3 $975K, 2739 Wulfert Rd 4/5.5 $1,163,500.

LOTS

No new listings or price changes.

2 new sales: with contingencies: 2297 Wulfert Rd listed at $187K, 2142 Starfish Ln listed at $400K.

No closed sales.

Captiva

CONDOS

1 new listing: Gulf Beach Villas #2005 2/2 $755K.

No price changes.

1 new sale: with contingencies: Beach Villas #2522 1/1 listed at $529K.

3 closed sales: Bayside Villas #4112 1/2 $335K, Bayside Villas #4216 1/2 $345K, Bayside Villas #5114 1/2 $370K.

HOMES & LOTS

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

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

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

Enjoy your weekends, Susan Andrews, aka SanibelSusan

First Fall Friday on Sunny Sanibel

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

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

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

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

High tide at Sanibel Marina this morning.

Outside dining at Gramma Dot’s.

At SanibelSusan Realty Associates

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

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

Status of Sanibel’s Residential Market

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

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

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

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

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

 

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

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

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

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

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

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

 

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

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

Great Places Where Beginning Birders Can Get Their Wings

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

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

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

City of Sanibel

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

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

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

COVID Personal Protective Equipment Kits

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

Openings & Fall Scoop

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

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

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

Sanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings.

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

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

No closed sales.

Captiva

CONDOS

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

No price changes.

No new sales.

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

HOMES & LOTS

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

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

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

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

Island Real Estate Selling During the Pandemic

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

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

Redfish Pass at the tip of Captiva earlier this week.

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

Sanibel & Captiva Real Estate Scoop

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

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

Island Sales from February 14 to August 14

 

Year

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

SANIBEL

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

CAPTIVA

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

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

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

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

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

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

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

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

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

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

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

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

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

 

Status

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

SANIBEL

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

CAPTIVA

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

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

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

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

Tidbits from NAR Economist Dr. Lawrence Yun

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

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

Here are a few of my notes from his presentation.

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

Openings/Closings/Rescheduling

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

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

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

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

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

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

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

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

Sanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings.

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

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

No closed sale.

Captiva

CONDOS

No new listings or price changes.

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

No closed sales.

HOMES

No new listings

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

No new or closed sales.

LOTS

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

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

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

Susan Andrews aka Sanibel Susan

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

Wrapping Up July on Sunny Sanibel Island

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

Watching the Weather

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

Island Openings/Closings

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

Taken about noon today at Tarpon Bay Explorers

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

The Return of McMansions? They Answer Pandemic Buyers’ Needs

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

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

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

View from Mariner Pointe #522

HOMES
2 new listings: 981 Main St 4/2.5 $699.9K, 1035 S Yachtsman Dr 5/4.5 $1.099M.
2 price changes: 1752 Jewel Box Dr 2/2 now $859K; 734 Anchor Dr 3/2 now $875K.
2 new sales: 9036 Mockingbird Dr 3/2 listed at $624,999; 1271 Sand Castle Rd 3/2.5 listed at $925K.
9 closed sales: 9465 Calla Ct 3/2 $475K; 1361 Tahiti Dr 2/2 $509,600; 954 Donax St 3/3 $510K; 433 Lake Murex Cir 3/2 $550K; 5056 Joewood Dr 3/2 $800K; 1199 Par View Dr 3/2.5 $950K; 2385 Wulfert Rd 4/5 $1M; 2477 Wulfert 3/4 $1.1M;  2154 Starfish Ln 3/3 $1.31M..
LOTS
No new listings.
1 price change: 2297 Wulfert Rd now $187K.
2 new sales: 2462 Wulfert Rd listed at $229K, 1912 Par View Dr listed at $284,999.
1 closed sale: 6419 Pine Ave $785K.
Captiva
CONDOS
2 new listings: Beach Villas #2418 2/2 $759K, Lands End Village #1659 2/2 $975K.
No price changes.
2 new sales: Bayside Villas #5304 3/3 listed at $667.5K, Captiva Shores #C6 2/2 listed at $1.019M.
No closed sales.
HOMES
No new listings, price changes, new, or closed sales.
LOTS
No new listings, price changes, new or closed sales.
This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.
Below is our ad from today’s “Island Sun”.
Here’s hoping your weekend weather also is storm free. Until next week…
Susan Andrews, aka SanibelSusan

It’s A Tropical Kinda Friday!

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

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

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

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

At SanibelSusan Realty

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

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

The “Real Estate” State of the State

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

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

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

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

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

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

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

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

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

The Market on Sanibel & Captiva Islands

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

Sanibel & Captiva Islands Association of Realtors®

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

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

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

Sanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings or price changes.

No new sales.

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

Captiva

CONDOS

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

No price changes.

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

No closed sales.

HOMES

No new listings.

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

No new or closed sales.

LOTS

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

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

Wear a Mask, Wash Your Hands, Stay Well… Please!

Another Friday – time for another update from SanibelSusan. As the holiday week wraps up on Sanibel, the island vibe seems to have settled into an odd combination. Islanders, particularly older ones, are sticking close to home. Visitors and vacationers, on the other hand, are “out and about”, though carefully selecting where they go and what they do. Mostly, simply enjoying the best of Sanibel – the beach and nature.

Photo at right taken this week by JMA photography showing the foot bridge over Clam Bayou to Bowman’s Beach.

Second photo is of a sunset this week, also at Bowman’s Beach. It’s the site of many of the best sunsets. Super shelling too!

 

Thankfully, island appeal continues to be up while we all adjust to new ways of life and business, while staying safe.

Below is a summary of the status of the City of Sanibel proclamation (as of July 7) followed by a couple of news items that may be helpful in this new world. After that, is our weekly update of the activity posted in the Sanibel and Captiva Islands Multiple Listing Service.

City of Sanibel Status as of July 7, 2020

State of Emergency Proclamation Due to COVID-19 extended through July 14, 2020 (which is when the next City Council meeting is scheduled). Listen to that audio or read the latest proclamation in full at www.MySanibel.com.

Face coverings – required while inside public places and outdoors in public places when social distancing is not possible. (exceptions listed in Proclamation 20-040). Minimum age for children to wear coverings is six.

Beach parking – is open, illegal parking fines are $200. Possession & consumption of alcohol from 7 a.m. to 5 p.m. at all City operated beaches, parks, picnic areas is prohibited.

Public lodging – occupancy caps removed, but reservations including vacation rentals, motels & timeshares with guests from areas identified by Governor as high risk (NY, NJ, CT) must be for periods longer than quarantine period established by Governor (14 days). International travelers prohibited.

Retail – may operate at full capacity with social distancing and sanitization.

Museums, movie theaters, auditoriums, playhouses, concert houses – may operate at 50% capacity with social distancing & sanitization.

Huge Spike in Internet Viewings in June

Every month, I get a report showing the number of viewings our listings receive through ListHub. ListHub is a real estate syndication service that synchronizes listings from hundreds of Multiple Listing Services with 150+publisher websites. How it works is, ListHub connects to the Multiple Listing Service (MLS). The broker in charge of company listings sets up their desired distribution for their listings. Then, LisHub pulls the listing info and synchronizes to each website selected. As new listings are added or existing listings are updated, ListHub automatically distributes the new info. Then, monthly, ListHub collects the traffic metrics from the publisher websites and compiles them into reports provided to the brokers.

Through ListHub, I syndicate SanibelSusan Realty’s listings to 68 of the sites available to our MLS. Some of those are HomeFinder.com, Homes.com, The Real Estate Book, Homes & Land, HomeSpotter, HomeWinks, Homes.net, HousesForSale, HousingNow, IdealEstate, International Property Network, Juwai, LuxuryRealEstate.com, Point2 Homes, Properties Online, PropertyPath, and PropertySimple.

Our listings get hits from this additional exposure, as they do through the Internet Data Exchange network that is offered by Florida Realtors®. In reviewing our last report, I noticed a marked increase in searches during the pandemic, in April and May when so many viewers were “at home”. More surprising is that in June our listings were viewed a whopping eight times more frequently than in May. Here’s hoping those lookers turn into buyers.

Protect Your Meetings from Unwanted Visitors

Good article in the July issue of Florida Realtor®: “As large numbers of people turn to video-teleconferencing (VTC) platforms to stay connected in the wake of the COVID-19 crisis, reports of VTC hijacking (also called Zoom-bombing”) are emerging nationwide. The FBI has received multiple reports of conferences being disrupted by pornographic and/or hate images and threatening language.

“As individuals continue the transition to online lessons and meetings, the FBI recommends exercising due diligence and caution in your cybersecurity efforts. The following steps can be taken to mitigate teleconference hijacking threats.

  • “Do not make meetings or classrooms public. In Zoom, there are two options to make a meeting private: require a meeting password or use the waiting room feature and control the admittance of guests.
  • “Do not share a link to a teleconference or classroom on an unrestricted publicly available social media post. Provide the link directly to specific people.
  • “Manage screensharing options. In Zoom, change screensharing to “Host Only”.
  • “Ensure users are using the updated version of remote access/meeting applications. In January 2020, Zoom updated their software. In their security update, the teleconference software provided added passwords by default for meetings and disabled the ability to randomly scan for meetings to join.
  • “Lastly, ensure that your organization’s telework policy or guide addresses requirements for physical and information security.

“If you were a victim of a teleconference hijacking or any cybercrime, report it to the FBI’s Internet Crime Complaint Center at ic3.gov.”

9 Ways to Prepare for a Virtual Showing

Viewing real estate likely will continue to be a mix of in-person and virtual showings. Below are suggestions from Florida Realtors® for the best of virtual showings:

  1. Declutter. Clutter is a major distraction when buyers are viewing a home. You want them to focus on all the great features of the house not look at the stack of mail cluttering the kitchen counter.
  2. Depersonalize. Remove items like framed family photos and memorabilia. It’s hard for a buyer to picture living in the home if they see photos of you everywhere.
  3. Remove all signs of your pet. In the same way that you should depersonalize, tuck away your pet’s toys, bowl, and bed. Not everyone is a pet person.
  4. Turn on lights & open doors. To minimize the surfaces your Realtor® is touching, turn on all the lights and open all doors before your Realtor® walks through to livestream or film your home.
  5. Open blinds. Natural light is an essential when filming a home. Open the blinds and let as much light in as possible so the camera picks up all the beautiful details of each room.
  6. Plan the route around the house. If you’re showing the home without a Realtor® present, be sure to work with your agent to plan a clear route around the home that shows off each room and is clear of trip hazards.
  7. Think about your prospective buyer. If your Realtor® is doing the showing, be sure to tell them some personal stories or unique details about the home so they can relay it in the livestream or video.
  8. Tackle outdoor spaces. Prune any overgrown landscaping, cut back tree branches and mow the lawn.
  9. Clean up the front entrance. The walkway to your property and the front entrance are your home’s first impression. Power wash outside, touch up paint in the entryway and clear out any dirt and grime that has collected around the edges.”

Openings/Closings/Reopenings

It is getting hard to keep track of what is open, closed, and reopened, but here is scoop on a few that I noticed this week.

Cielo – As a precautionary measure for guests and staff, closed their dining room beginning Tuesday July 7. They now are open for take-out/curbside pick-up only, until such time as they feel they can safely reopen. Check their website for updates at https://cielo-sanibel.com/

The Sanibel Sprout – The sign went up this week at their new location in Islander Center at 2407 Periwinkle Way (former site of Sanibel Baked), but their Facebook page says they are remodeling, expecting to reopen in August.

Sanibel & Captiva Islands Multiple Listing Service Activity July 3-10, 2020

Sanibel

CONDOS

2 new listings: Spanish Cay #A3 1/1 $293K, Sundial #D305 1/1 $539K.

4 price changes: Colonnades #C3 1/1 now $249K, Sanibel Arms #B7 1/1 now $356.5K, Mariner Pointe #1083 2/2 now #490K, Sanibel Siesta #302 2/2 now $676K.

4 new sales: Colonnades #C13 1/1 listed at $299K, Villa Sanibel #3A 2/2 listed at $669K, Sand Pointe #227 2/2 listed at $729K, Sand Pointe #116 2/2 listed at $899K.

3 closed sales: Sundial #H208 1/1 $470K, Blind Pass #B209 2/2 $470K, Seawind #A107 2/2.5 $500K.

HOMES

3 new listings: 9247 Dimmick Dr 3/2 $590K, 9106 Mockingbird Dr 3/2 $749K, 5672 Sanibel-Captiva Rd 3/2 $879K.

6 price changes: 5151 Sanibel-Captiva Rd 2/2 now $467K, 718 Durion Ct 3/2 now $619K, 9421 Moonlight Dr 3/2 now $775K, 1777 Serenity Ln 5/4.5 now $930K, 1358 Sand Castle Rd 4/3.5 now $995K, 4577 Waters Edge Ln 4/3 now $2.995M.

4 new sales: 1476 Sand Castle Rd 3/2 listed at $695K, 660 Durion Ct 3/2 listed at $849K, 345 Cowry Ct 3/4.5 listed at $875K, 2477 Wulfert Rd 3/4 listed at $1.249M.

5 closed sales: 1401 Sandpiper Cir 3/2.5 half-duplex $460K, 970 Palm St 3/2 $535K, 1056 S. Yachtsman Dr 3/2 $840K, 1606 Sabal Sands Rd 3/2 $875K, 792 Birdie View Pt 3/3.5 $983,750.

LOTS

No new listings or price changes.

1 new sale: 4767 Tradewinds Dr listed at $1.595M.

No closed sales.

Captiva

CONDOS

4 new listings: Tennis Villas #3114 1/1 $329K, Bayside Villas #5114 1/2 $380K, Beach Villas #2418 2/2 $749K, Captiva Hide-A-Way #1C 2/2 $889K.

2 price changes: Tennis Villas #3213 1/1 now $354.9K, Bayside Villas #4220 1/2 now $415K.

No new sales.

1 close sale: Seabreeze #1253 3/3 $1.325M.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 6 Sunset Captiva Ln 2/2 $2.55M.

LOTS

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

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

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

Until next Friday, please heed the precautions, wear a mast, wash your hands, & stay well!

Susan Andrews, aka SanibelSusan

Happy Birthday, America!

Happy birthday, America, and best wishes from SanibelSusan for a safe and happy July 4th. My team is off today for the long weekend, but I am in the office doing what I like best. I’ll be here tomorrow too, working with buyers.
Undoubtedly you have heard the news that COVID-19 cases in Florida, Lee County, and on Sanibel have increased. Reports are so conflicting, and the news so biased that it is hard to know what to believe. Unfortunately, most of us know someone who has had this illness and though the majority seem to be following recommended precautions, we keep hearing that it only takes “one” unknowing person to pass it on.
My Realtor® friend from Cape Coral who was hospitalized with it for many days, acknowledging she had simply let her guard down. Thankfully she came home this week but is struggling through a tough recovery. Hearing from her was enough to keep me from attending the special Sanibel City Council meeting on Tuesday. The state of emergency proclamation was expiring that day, so the meeting was called to discuss what further steps might be necessary to combat the virus.
At that meeting, the City extended the proclamation through the holiday weekend and voted to make face coverings mandatory in public places where social distancing is not possible. There are some exceptions, but masks are required inside businesses (except when eating). Read the full explanation on www.MySanibel.com.
The other emergency measure that passed was to reclose the City “pay” public beach parking lots from today through Monday. The goal here is to stop congestion on the beaches. Since the parking lots reopened a few weeks ago, particularly on weekends, the beaches have been packed. With the holiday weekend, many beaches in Florida closed, and island accommodations reporting reservations at capacity, it was considered a smart precaution to try to limit the number of beachgoers.
Yesterday, Traders restaurant (a personal favorite) posted this message: “Due to the escalation of COVID-19, and out of an abundance of caution, beginning today, Traders is closed for the July 4th holiday week. We will reopen Tuesday, July 14th. We apologize for an inconvenience. Stay safe + stay healthy!”
At SanibelSusan Realty
In the office, while wearing masks and practicing social distancing, we again had good action this week. Unusually busy for this time of year and we are grateful. The months certainly are flying by. Hard to believe 2020 is half over.
With no Sanibel parade or fireworks tomorrow, I did a little sleuthing today through old photos. Dick and I helped with the very first July 4th parade back in the early 90’s. That was when a picnic on the grounds of City Hall followed the parade. Who remembers the Quarterdeck Restaurant? One of the first parade organizational meetings was there. When we were at VIP and later, we marched in the parade and had our own SanibelSusan Team parade entry for many years. We still decorate the office – though not so much this year.
After moving to Sanibel Square, we found our location to be the perfect spot for parade watching. We have enjoyed hosting family, friends, and clients here on the morning of July 4th for many years. Will miss that tomorrow. But, if you are a Facebook follower, I plan to post some “through-the-years” parade photos. Fun times.
To wrap up the first half of the year, below is a quick summary from the Sanibel-Captiva Multiple Listing Service of island inventory today and the sales action in 2020 as compared to the same time frame the last few years. These years have been unusual. The after effects of Hurricane Irma in 2017 affected early 2018, then Florida’s red tide in late 2018 affected 2019. Then to top things off, there is the pandemic this year. It still looks like it is helping our market, but those affects may not be fully realized until later. In the meantime, we continue to welcome new business and look forward to more sales.
Sanibel
Condos
Homes
Lots
#
Price
#
Price
#
Price
For sale
121
820,687
140
1,622,010
62
807,230
Under contract
17
645,905
53
912,249
4
688,000
Sold 1/1-7/3/2020
79
729,538
112
1,003,973
4
849,666
Sold 1/1-7/3/2019
79
679,753
126
979,358
9
451,222
Sold 1/1-7/3/2018
96
743,571
158
1,214,613
9
478,555
Sold 1/1-7/3/2017
84
761,089
125
982,513
21
331,158
Captiva
Condos
Homes
Lots
#
Price
#
Price
#
Price
For sale
38
1,168,509
42
3,990.285
3
3,563,000
Under contract
3
770,000
5
2,678,600
0
N/A
Sold 1/1-7/3/2020
15
882,666
11
3,429,272
2
1,925,000
Sold 1/1-7/3/2019
14
1,201,857
8
3,002,187
0
N/A
Sold 1/1-7/3/2018
17
912,933
12
2,163,442
0
N/A
Sold 1/1-7/3/2017
20
698,450
15
2,668,466
2
2,312,500
The activity posted in the Sanibel & Captiva Islands Multiple Listing Service is shown below, followed by our ad from today’s “Island Sun”.
Sanibel & Captiva Islands Multiple Listing Service Activity June 26-July 3, 2020
Sanibel
CONDOS
2 new listings: Loggerhead Cay #212 2/2 $589,985; Sand Pointe #116 2/2 $899K.
2 price changes: Mariner Pointe #813 2/2 now $579K, Sand Pointe #227 2/2 now $729K.
4 new sales: Sanibel Arms #A7 1/1 listed at $359K, Seashells #36 2/2 listed at $380K, Sundial #T301 2/2 listed at $845K, Loggerhead Cay #514 2/2 listed at $995K.
3 closed sales: Casa Blanca #6 1/1 $325K, Seawind #107 2/2.5 $500K, Loggerhead Cay #191 2/2 $740K.
HOMES
4 new listings2985 Island Inn Rd 2/2 $599K (our listing), 721 Durion Ct 3/3 $649K, 1610 Sabal Sands Rd 3/2 $724.9K, 5439 Osprey Ct 4/3 $1.789M.

2985 Island Inn Rd

7 price changes: 4044 Coquina Dr 2/2 now $529K; 9455 Beverly Ln 2/2 now $529.9K; 3131 Twin Lakes Ln 2/2 now $789,031; 3751 Coquina Dr 3/2 now $859K; 1430 Sanderling Cir 4/3.5 now $899K; 790 Beach Rd 4/3.5 now $1.399M; 4577 Waters Edge Ln 4/3 now $3.049M.
9 new sales: 9465 Calla Ct 3/2 listed at $499K, 1361 Tahiti Dr 2/2 listed at $535K, 433 Lake Murex Cir 3/2 listed at $569K, 1813 Farm Tr 3/2 listed at $629K, 5659 Sanibel-Captiva Rd 2/2 listed at $790K, 2417 Wulfert Rd 3/3 listed at $944.5K, 3850 Coquina Dr 3/3 listed at $1.048M, 5419 Osprey Ct 3/3.5 listed at $1.095M, 2284 Troon Ct 4/4.5 listed at $1.799M.
8 closed sales: 499 Peachtree Rd 2/2 $450K, 1774 Bunting Ln 3/2 $626K, 1826 Ardsley Way 4/3 $626.5K, 987 Sand Castle Rd 4/3.5 $650K, 3323 Twin Lakes Ln 3/3 $760K, 5757 Pine Tree Dr 3/2.5 $775K, 1271 Par View Dr 3/3 $860K, 5044 Joewood Dr 4/4.5 $1.85M.
LOTS
No new listings.
1 price change: 2486 Wulfert Rd now $129K.
No new or closed sales.
Captiva
CONDOS
1 new listing: Beach Villas #2422 1/1 $545K.
No price changes:
1 new sale: Bayside Villas #5234 1/2 listed at $510K.
2 closed sales: Sunset Beach Villas #2227 1/1 $510K, Lands End Village #1651 2/2 $1.14M.
HOMES
1 new listing: 16596 Captiva Dr 7/8.5 $10.5M.
2 price changes: 16163 Captiva Dr 3/2 now $2.395M, 17101 Captiva Dr 7/6.5 now $2.695M.
No new sales.
1 closed sale: 13500 Palmflower Ln 4/4 $2.4M.
LOTS
No new listings, price changes, new or closed sales.
This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.
Enjoy your holiday! Stay safe & be well!
Susan Andrews, aka SanibelSusan

Gearing Up For Fathers’ Day Weekend 2020

Though today is not a bright and sunny Friday, it again is a welcomed weekend on Sanibel.

With off-&-on summer showers yesterday too, our long-time photographer, Jim Anderson, had a challenge filming our two new listings.

Though he prepares his streaming videos using aerials captured by drone (rather than from plane or helicopter, like years ago), for him to feature a property at its best, he sometimes must return to photograph the outside after weather clears.

As they say on the islands, from June through September, “if it starts to rain, just wait a few minutes, and it likely will change.” That is just way of life in a tropical paradise.

Sea Turtle Nest Update

Following up on my post last week about the island sea turtle nests lost from high tides and surf from Tropical Storm Cristobal, this week, SCCF (Sanibel-Captiva Conservation Foundation) volunteers report the first hatchlings of the season and that the islands now have over 460 recorded turtle nests.

I also saw on social media a posting by Periwinkle Park where they are following the leatherback turtle, named Juniper. Already this season, she has made three nests on Sanibel and Captiva. It is amazing how far these turtles swim.

You can see Juniper’s recent route from south of Naples to north of Sarasota and all the stops in between on the map here, from www.trackturtles.com. It is fun to follow her.

At SanibelSusan Realty

In the office, we had a busy week including some positive inquiries/showings. In addition to the two new listings, we got a nice price reduction on another listing and managed follow-up events for listings that are under contract progressing toward closings, i.e. inspections, repairs, appraiser visits, insurance info, etc.

All-in-all, I think it is safe to say that island real estate business is busier than it typically is in June – making up for those weeks that were lost during the pandemic – and likely because of the pandemic and other recent events.

The report below, with the islands Multiple Listing activity since last Friday, shows that two Sanibel condos, 12 Sanibel homes, and a Captiva condo have gone under contract over the last seven days. That is a lot for mid-June.

Comparing that number of sales to the same time last year, just one island condo and one home sold then.

Covid-19 Precautions

If you have followed the news, you undoubtedly have noticed that the number of virus cases in Florida has increased dramatically over the last week. Today, the state total is close to 90,000, the Lee County total is 3,475, and the Sanibel total is up to 13. The percentage of Florida positive tests has increased to 10% in just two weeks, after many weeks holding steady at 3%.

Honestly, it is no surprise. I drove home at noon to grab a quick lunch and Periwinkle Place shopping center is as packed with cars as I have ever seen it. The bike paths likewise had many riders, big and small, with people coming and going in both directions. There was a crowd outside Whitney’s Bait & Tackle too, but I didn’t see a single mask driving either direction.

Though our office practices social distancing and we wear masks in public places, not everyone is doing that. (We have a basket of new masks for anyone coming in that needs one, thanks to my sewing sister.)

At Sanibel Square, next door at Island Therapy, patients and staff must wear masks, while across the parking lot at Sanibel Beauty Salon, their staff is wearing masks and they keep their entry door locked to be sure patrons are protected.

The island continues to get busier and busier, with more businesses reopening, more vacationers arriving. Of course, businesses need the business and we want vacationers to enjoy their visit. We just hope they are careful. These words from a social media post today are worth repeating:

“I wear my mask while in public for three reasons:

  1. Humility: I don’t know if I have COVID as it is clear that people can spread the disease before they have symptoms.
  2. Kindness: I don’t know if the person I am near has a kid battling cancer, or cares for their elderly Mom. While I might be fine, they might not.
  3. Community: I want my community to thrive, businesses to stay open, employees to stay healthy. Keeping a lid on COVID helps us all!”

Please, let’s flatten the curve!

Sanibel & Captiva Islands Multiple Listing Service Activity June 12-19, 2020

Sanibel

CONDOS

4 new listings: Sundial #F106 1/1 $440K, Lighthouse Point #117 3/2 $549K (our listing), Island Beach Club #340E 2/2 $1.149M, Junonia #103 3/2 $1.295M.

Patio at Lighthouse Point 117

5 price changes: Coquina Beach #2B 2/2 now $499K, Sunset South #A11 2/2 now $549K, Sandalfoot #2D2 2/2 now $659K (our listing), Sandpiper Beach #205 2/2 now $835K, Sandals #A 3/3.5 now $1.85M.

View at Sandalfoot #2D2

3 new sales: Blind Pass #E202 2/2 listed at $429K, Sundial #B406 2/2 listed at $799K, By-The-Sea #B301 2/2 listed at $1.595M.

2 closed sales: Blind Pass #B205 2/2.5 $415K, Villas Sanibel #2H 2/2 $684K.

HOMES

6 new listings: 9465 Calla Ct 3/2 $545K; 4044 Coquina Dr 2/2 $549K; 1593 Sand Castle Rd 3/2.5 half-duplex $589K; 1142 Shell Basket Ln 3/2 $644,444; 1015 Fish Crow Rd 3/2 $674K (our listing); 6457 Pine Ave 3/2 $697.5K.

1015 Fish Crow

7 price changes: 4606 Brainard Bayou Rd 2/2 now $469.9K, 9426 Beverly Ln 3/2 now $575K, 1567 Sand Castle Rd 3/3 now $635K, 1223 Par View Dr 3/2 now $740K, 5422 Shearwater Dr 3/2.5 now $799K, 3706 West Gulf Dr 4/3 now $1.325M, 2964 Wulfert Rd 5/5.5 now $2.998M

12 new sales: 9214 Kincaid Ct 2/2 listed at $380K; 1476 Sand Castle Rd 3/2 listed at $695K; 1978 Roseate Ln 3/2 listed at $699.9K; 1807 Serenity Ln 3/2 listed at $725K; 5834 Pine Tree Dr 2/2 listed at $739,555; 3323 Twin Lakes Ln 3/3 listed at $784.9K; 676 Emeril Ct 3/2 listed at $850K; 938 Pecten Ct 3/2.5 listed at $899K; 847 Lindgren Blvd 3/2 listed at $899K; 1199 Par View Dr 3/2.5 listed at $999K; 4775 Rue Helene 4/3 listed at $1.499M; 1230 Bay Dr 3/2 listed at $1.619M.

3 closed sales: 1677 Atlanta Plaza Dr 2/1.5 $380K, 550 Leather Fern Pl 3/2 $600K, 478 Sea Oats Dr 3/3 $760K.

LOTS

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

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5104 1/2 listed at $400K.

1 closed sale: Captiva Hide-A-Way #1B 2/2 $837.5K.

HOMES

2 new listings: 11559 Laika Ln 3/3 $7.7M, 16660 Captiva Dr 5/6.5 $18M.

2 price changes: 14865 Mango Ct 2/2 now $1.195M, 16801 Captiva Dr 5/5 now $2.25M.

No new or closed sales.

LOTS

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

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

Below is our fun ad from this week’s “Island Sun”. Happy Fathers’ Day!

Susan Andrews, aka SanibelSusan

Rain, Rain, Go Away

Another Sanibel Friday, just not a sunny one this week. The islands have experienced off-&-on rain for days with more expected over the weekend and into next week.

Florida’s vegetation is growing like crazy with the exploding bunny population enjoying every juicy morsel. During one of my stops at home this week, I caught one chewing a palm frond knocked off in an earlier shower. That is a new one, who knew bunnies like palm fronds?

The island continues to reopen slowly. Plenty of vehicles have been at Periwinkle Place during the rainy days, while the bike paths have had riders, both rain and shine.

Here at the office, teammates and I are back to a more regular schedule. Our listings had a few showings, one went under contract, we had a listing presentation yesterday, and a home inspection. Inventory remains low with business picking up. Good news for sellers.

The local Association of Realtors® office remains closed to Realtors® for at least another two weeks. No word yet on when weekly Caravan, Committee, and Membership Meetings will resume in person. The Sanibel & Captiva Islands Specialist Designation classes which typically are offered now, have been postponed until fall.

The activity posted in the Sanibel & Captiva Multiple Listing Service this week is after a couple of news items below.

Status of Sanibel’s Re-Opening

Below are the status of things following Tuesday’s City Council meeting.

Public Lodging

  • Occupancy cap percentages removed from hotels/motels/timeshares
  • International travelers prohibited
  • Reservations for guests from areas identified by the Governor as high risk (currently NY, NJ, CT, LA) must be for periods longer than the quarantine period established by the Governor (currently 14 days).
  • Must adhere to state-approved county Safety Plan.

Beaches

  • City-owned & operated parking lots are open.
  • Prohibited possession & consumption of alcohol from 7 a.m. to 5 p.m. at the beaches, parks, picnic areas.
  • Through Labor Day consumption or possession of alcohol at beaches, parks, picnic areas by 10 or more persons requires a City of Sanibel Special Event Permit.

Restaurants, Retail, Museums, Private Fitness Centers

  • May operate at 50% indoor capacity

Weddings – temporary restrictions lifted.

Barber Shops & Salons – May operate with safety protocols.

Sanibel Public Library

  • Phase 1 opening began Monday with social distancing & masks. Hours are 9 a.m. to 8 p.m. Mondays & Thursdays; 9 a.m. to 5 p.m. Tuesdays, Wednesdays, & Fridays; & 9 a.m. to 1 p.m. Saturdays in June, July, & August.

Sanibel Recreation Center – Phase 1 reopening & Youth Summer Camp will open June 15.

Governor DeSantis Announces Phase 2

At a press conference in Orlando on Wednesday, Governor DeSantis announced that today Florida will be entering phase 2 of its reopening and recovery. This move sees many of the establishments and venues that have remained closed since the pandemic struck now able to reopen at 50% of their indoor capacity. It includes the reopening of places like bars (seated service only), movie theaters, bowling alleys, auditoriums at 50% capacity with appropriate distancing and sanitation procedures in place. At this time, Broward, Miami-Dade and Palm Beach Counties are not part of phase 2 reopening.

Executive Order 2020-139, contains info on what is summarized above. For continued reference, Executive Order 2020-123 contains information regarding the full phase 1 of Florida’s reopening. Additionally, all of the governor’s executive orders can be found here.

Instant Reaction to Jobs Report – June 5, 2020

As a long-time fan of NAR’s Chief Economist, Lawrence Yun, it was good to read his “instant reaction” today to the May Jobs Report.

“Employment data quickly turned for the better with surprising net job creation in May. There are still people getting laid off and filing for unemployment insurance for the first time, but job creations are exceeding that by a good margin of 2.5 million in May. Total personal income actually grew during the lockdown from the massive stimulus package, including enhanced unemployment insurance, and savings rose tremendously. People saved around 8% of their income before the pandemic and they saved 33% of their income in the latest month. With many economies advancing in phases of reopening, more money will be spent and more job additions will follow. Some jobs were temporarily furloughed – such as in dental offices, hair salons, and home building – and there is a sizeable pent-up demand for these services. Construction jobs, which had fallen by nearly 1 million in April, came back in May with 464,000 additions. Given the strong return of housing demand, construction jobs will continue to be added – perhaps more aggressively than in the past.

“The housing sector is in a V-shaped recovery. The broader economy will not be, and the double-digit unemployment rate may persist until the end of the year. Still, the latest jobs data is showing much better recovery potential.”

First Reported Sanibel Case Since May 7

We were not happy to see the posting this afternoon by the City. It says:

“Today, June 5, 2020, the Florida Department of Health announced a new confirmed COVID-19 positive case on Sanibel. The last confirmed case on Sanibel was reported on May 7, 2020.

“The City’s home page has direct access to the Florida Department of Health’s updated COVID-19 daily report for today. The total number of cases reported on Sanibel since March 26, 2020 is 12.

“The Florida Department of Health conducts all case and contact tracking; the Florida Department does not provide the City any additional information than what appears on these reports. The Florida Department of Health provides no identifying information to the City such as name, age, gender, or address of the persons who test positive.

“Additionally, the City’s Home Page includes a direct link to the Florida Department of Health daily dashboard as well as the State-wide statistics release to the City sorted by zip code.”

Stay safe, islanders and visitors. Please keep wearing masks, washing hands, and abiding by social distancing.

Sanibel & Captiva Islands Multiple Listing Service Activity May 29-June 5, 2020

Sanibel

CONDOS

7 new listings: Sandpebble #2D 2/2 $568.5K, Sandpebble #1D 2/2 $574.5K, Oceans Reach #2X1 1/1 $695K, Pointe Santo #B3 2/2 $699K, Sand Pointe #227 2/2 $739K, Pointe Santo #D47 2/2 $974K, By-The-Sea #B301 2/2 $1.595M.

4 price changes: Sandpebble #4E 2/2 now $475K, Pointe Santo #D21 2/2 now $549K, Pointe Santo #E21 2/2 now $899K, Pointe Santo #C3 3/2 now $1.125M.

3 new sales: Sanibel Shores #A2 2/2 listed at $459K, Sanibel Arms West #B2 2/2 listed at $534.9K, Blue Gulf #201 3/2 listed at $1.199M.

1 closed sale: Coquina Beach #5B 2/2 $434K.

HOMES

2 new listings: 5056 Joewood Dr 3/2 $824.5K, 2405 Blue Crab Ct 4/4.5 $2.5M.

9 price changes: 1027 Sand Castle Rd 2/2 now $449K, 4115 Sanibel-Captiva Rd 3/1 now $585K, 1978 Roseate Ln 3/2 now $699.9K, 990/992 Greenwood Ct N 3/2.5 duplex now $700K, 1220 Sand Castle Rd 3/2.5 now $795K, 1437 Causey Ct 3/2.5 now $925K, 1430 Causey Ct 3/2 now $949K, 919 Pecten Ct 3/3/2 now $999K, 2385 Wulfert Rd 4/5 now $999.9K.

8 new sales: 970 Palm St 3/2 listed at $559K, 1973 Wild Lime Dr 4/3 listed at $574.9K, 987 Sand Castle Rd 4/3.5 listed at $695K, 1285 Par View Dr 4/2.5 listed at $789K, 901 S.Yachtsman Dr 2/2 listed at $799K (our listing), 5855 Sanibel-Captiva Rd 3/2 listed at $975K, 1010 Kings Crown Dr 3/3 listed at $997K, 2460 Harbour Ln 3/3 listed at $1.999M.

3 closed sales: 857 Rabbit Rd 1/1 $429K, 2186 Egret Cir 3/2 $530K, 1564 Middle Gulf Dr 3/2.5 $1.075M.

LOTS

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

Captiva

CONDOS

No new listings or price changes.

2 new sales: Lands End Village #1651 2/2 listed at $1.199M, Seabreeze #1253 3/3 listed at $1.495M.

1 closed sale: Captiva Shores #9 3/2 listed at $1.725M.

HOMES

1 new listing: 6418 Pine Ave 3/3 $1.849M.

2 price changes: 16531 Captiva Dr 8/8 now $2.85M, 15147 Captiva Dr 6/5.5 now $3.995M.

1 new sale: 11525 Wightman Ln 3/2 listed at $1.225M.

2 closed sales: 1074 South Seas Plantation Rd 3/3.5 $2.025M, 15843 Captiva Dr 3/3 $6.899M.

LOTS

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

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

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

Until next Friday, stay dry, & enjoy your weekend,

Susan Andrews, aka SanibelSusan

Yes, You Can Buy Now… We Are Working & Ready to Help

It is another quiet Friday at SanibelSusan Realty. The islands continue to reopen slowly with the toll booths still unmanned and the causeway islands sometimes packed, particularly on the weekend. (A sure sign that the gulf waters are clear and sparkling, and they are!)
SanibelSusan Realty is one of the few real estate offices physically open, but not much is happening. Yesterday, we got a couple of showing requests for the upcoming weekend/week and there has been some action posted in the Sanibel and Captiva Islands Multiple Listing System. It is still an excellent time to buy!
The Association of Realtors® office remains closed, but many Realtors® have accepted the FISH Food Challenge and have donated groceries to their food pantry. Nearly 20 have donated just in the last week and the pantry continues to go through the food like crazy. Astounding but not surprising that there are so many hungry folks on the islands, with so many businesses closed, particularly those that cater to vacationers.
Below is an update on re-opening progress, after which is the action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing System.

Latest City Proclamation Due to the Threat of COVID-19

Tuesday’s Sanibel City Council meeting, scheduled to discuss beach parking and short-term rentals/hotels, turned into a 6+hour event with plenty of public comment and differences of opinions on many items discussed. That meeting resulted in a new City proclamation dated Wednesday. There has been a lot of confusion about the changes, particularly as they apply to vacation rentals, so below, for clarification, are some excerpts from the actual Proclamation No. 20-028  (which may be read in its entirety on www.MySanibel.com).
“…on May 12,2020, the City Council met for a special set public meeting to discuss COVID-19, including consideration of temporary restrictions and prohibitions related to the declared State of Local Emergency; and … City Council voted in support of taking certain actions to reopen the local economy on a gradual basis and consistent with the Governor’s phased approach, including the following:
A. Allowing the current restrictions on accommodations rentals to expire, subject to emplacing a lessened restriction on vacation rentals which closely follows the Governor’s restriction… and allowing new rentals at hotels, motels, and timeshares under restricted occupancy and conditions intended to mitigate any community spread of COVID-19; and
B. Extending certain public beach parking restrictions for an additional duration; and
C. Strongly encouraging the wearing of face masks by employees of places of public accommodations and by all members of the public who cannot properly socially distance; and
D. Raising parking fines to $200, is a result of the significant volume of parking violations particularly in and around beach access points.”
As further clarification, the proclamation says:
SECTION 2. Temporary restrictions on accommodation rentals at hotels, motels, and timeshares. Effective 12:00 a.m. May 16, 2020, the “public lodging establishments” identified in Attachment A…, which include all 37 “hotels”, “motels”, and “timeshare projects” on Sanibel … are subject to the following temporary restrictions, which shall remain in temporary effect until modified or terminated by written Proclamation of the Mayor or by Resolution of City Council:
A. Occupancy is limited to 50% of the units within the public lodging establishment; and
B. No reservations or check-ins are permitted from anyone that resides in or is travelling from an area identified by the Governor of Florida to be a “hot spot” of substantial community spread of COVID-19, including Louisiana, the New York Tri-State rea (Connecticut, New Jersey, and New York), Miami-Dade County, Florida, and Broward County, Florida; and
C. All places of public accommodation are strongly encouraged to follow the guidelines set forth by the Sanibel-Captiva Chamber of Commerce, which can be found under SANCAP SAFE RESOURCES at https://members.canibel-captiva.org/; and
D. Notwithstanding the aforementioned restrictions nothing in this section restricts or otherwise affects the ability of the owner of a rental unit from personally staying at his or her own property.
SECTION 3. Temporary restrictions on accommodations rentals at vacation rentals. Effective 12:00 a.m. May 16, 2020, the “public lodging establishments” on Sanibel which are “vacation rentals”,… but not including the hotels, motels, and timeshare projects…, are subject to a temporary rental restriction of a minimum duration of 30 days, which shall remain in temporary effect until modified or terminated by written Proclamation of the Mayor or by Resolution of City Council. For the purposes of this section, the rental restriction is application to anyone who is not an owner of the unit. Notwithstanding the aforementioned restriction, nothing in this section affects the ability of the owner of a rental unit from personally staying at his or her own property.
SECTION 4. Paid public beach parking restrictions. The paid public beach parking restrictions currently in place as extended by … which … are due to expire on May 15, 2020 are hereby extended to May 31, 2020 after which such restrictions will expire and public beach parking will reopen.
“SECTION 5. Wearing of face masks. Effective immediately, and until further notice, the wearing of face masks by all employees of retail shops, restaurants, and other places of public accommodation who interact with members of the public, as well as by all people in any public area where social distancing is not feasible or otherwise occurring is strongly encouraged.
SECTION 6. Parking fines. Effective 12:00 a.m. May 16, 2020 fines for all parking violations are temporarily raised to $200.00…..”
So, in a nutshell, short-term vacation rentals including those in residential communities, condo complexes or resorts, not included on the 37-property list (of hotels, motels, and timeshares) cannot rent for a period of less than 30 days. This is in accordance with the Governor’s phased reopening and more related to how properties are defined by Florida Statute/Florida Department of Revenue classification, than by any desire to penalize rentals which typically are nightly, weekly, or biweekly.
The Proclamation may change as more state and county guidance is provided and new COVID-19 data evolves. The changes/restrictions are emergency measures taken to protect the public health, safety, and welfare of the community.
The number of Sanibel’s reported cases remains low at 11, but testing remains limited and the antibody test is not expected here until next week.

Gov. Ron DeSantis Readying Most of State to Enter Phase Two Reopening

An internet posting yesterday said that Jacksonville could host Friday’s official announcement by the Governor. When he addressed reporters in Doral yesterday, he said that a “good announcement” was coming Friday that would apply to most of the state. This announcement came just hours after Tampa Bay Times reporter Lawrence Mower tweeted a Florida Chamber email saying to expect a May 18 entrance into Phase Two. The Governor disclaimed any advance announcement in response to reporters’ questions, claiming to “march to the beat of [his] own drummer.”
In Phase Two, people from vulnerable populations would still be asked to self-isolate, groups of up to 50 would be permitted, albeit with social distancing still in play. Phase Two would also allow increased restaurant capacity, as well as the reopening of gyms, schools, and bars with social distancing and diminished occupancy. The Governor stressed these are modest changes.
Though South Florida may still be on a slower path, the Governor noted that Florida is a “diverse state,” and he won’t “sit here rolling back the entire state if there’s an outbreak in Hialeah.”

Is Real Estate America’s Rock During the Coronavirus Crisis?

This week was the National Association of Realtors® 2020 Legislative Meetings in Washington DC. This annual event usually brings Realtor® leaders from around the nation to the capitol. With COVID-19 interrupting those plans this year, committee meetings and conference sessions were held virtually.
This event also is when Realtors® who have achieved National Hall of Fame status are recognized. That also were done virtually. Congratulations to Florida’s 17 new Hall of Fame members. That boosts our state members in 2019 to 106. I am proud to be one of them. (I know my picture is old… I made the club for the first time in 2016.)
Below is an article written by Shannon McGahn. She is senior vice president of government affairs for the National Association of REALTORS®.
“It’s been a rough few months for the economy, and we could all use a little good news.
“For America’s 81 million homeowners, here is some: While retirement accounts and the stock market may have cratered, home values are hanging tough.
“The National Association of REALTORS® (NAR) reports the median existing-home price for all housing types in March was up 8% from March 2019 as prices increased in every region.
“And with a proper recovery and the right policies, there is a great chance that home values will remain fairly stable even as home sales temporarily fall while Americans shelter-in-place.
“The pandemic also hasn’t stopped real estate transactions outright like in many other sectors. A recent survey of NAR members found that one-quarter of REALTORS® had at least one client go under contract during the second week of April without physically seeing the property. Deals are proceeding with the growing use of new technology like remote notarization.
“Even those pausing their real estate transactions still plan to buy and sell once again within a few months.
“What’s more, NAR research unveiled earlier this year found that, since 2013, the median family net worth for all homeowners has increased by nearly 15%.
“Data from the study strongly suggests that “sustainable and affordable homeownership” remains the best opportunity “most households will ever have to improve their long-term net worth and financial security.”
“Property ownership is turning into a financial rock for many Americans during this crisis, and Congress has gone to great strides to help protect that investment.
“For those who can no longer pay their mortgage, new forbearance rules allow them to put off payments for up to a year without impacting their credit.
“Helping people struggling with rent and mortgage payments is a good thing, but we also do not want to spur another crisis down the line for property managers and owners who do not have relief from their obligations. Policymakers should take a comprehensive look and beware of unintended consequences.
“For REALTORS® who have seen a dramatic drop in their business (right as the crucial spring buying season arrived), new benefits like forgivable small business loans and unemployment assistance not normally available to the self-employed or independent contractors are helping them weather the storm.
“The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) fund were created so quickly that banks had a hard time keeping up with demand. Money ran out for the PPP in two weeks, and another round of replenishment sped through the legislative process. PPP and EIDL grants got billions more in funding and will help keep millions more employed. Congress deserves credit for responding in a bipartisan and lightning-fast way even if the rollout of those programs was less than perfect.
“We’ve heard from many REALTORS® around the country who have secured PPP loans and saved scores of jobs. People like Anthony Lamacchia of Waltham, Mass., who reports he can now keep all 47 of his employees on the payroll.
“The strength of the housing sector will be critical to our national recovery. After all, the real estate industry makes up nearly one-fifth of the U.S. economy, and every two houses sold creates one American job.
“America has been experiencing a housing shortage for years as demand for homes has consistently outpaced supply in most major U.S. markets. NAR’s Chief Economist Lawrence Yun has stated his expectation that, once we get through the worst of this crisis, housing demand will reemerge quickly. Our economic recovery won’t be a slow-build like what followed the 2008 financial crisis.
“America’s financial and lending systems look vastly different today than they did before the Great Recession shook America’s economic core. Changes to strengthen lending standards and eliminate loose credit have pushed default and foreclosure rates toward record lows.
“It has never been more clear that property ownership is still one of the best and safest investments an American family can make.
“Economic downturns and public health crises—no matter how severe—will never change this fundamental fact.
“But what has become even more apparent is that during this crisis, home has become more important than ever.
If Congress continues to be a champion of the American people and protect homeownership, by all indicators, real estate can and will help get our economy going again.”

Sanibel & Captiva Islands Multiple Listing Service Activity May 8-15, 2020

Sanibel

CONDOS
3 new listings: Island Beach Club #320B 2/2 $685K, Pointe Santo #D24 2/2 $720K, Kings Crown #306 2/2 $868.5K.
5 price changes: Colonnades #3 1/1 now $265K, Sanibel Arms #D7 1/1 now $357.9K, Blind Pass #B209 2/2 now $479K, Sanibel Moorings #1512 2/2 now $539K, Tantara #203 3/2 now $1.095M.
1 new sale: Sanctuary Golf Villages I #4-3 3/3 listed at $914.5K.
3 closed sales: Sundial #D310 1/1 $372K, Sundial #B308 1/1 $505K, High Tide #A101 2/2 $1.075M.
HOMES
1 new listing: 2154 Starfish Ln 3/3 $1.495M.
3 price changes: 566 Boulder Dr 3/2 now $689.9K, 1021 Sand Castle Rd 2/2 now $694.5K, 215 Robinwood Cir 4/3 now $839K.
4 new sales: 1677 Atlanta Plaza Dr 2/1.5 listed at $399.9K, 857 Rabbit Rd 1/1 listed at $489K, 2065 Wild Lime Dr 3/2.5 listed at $599K, 1774 Bunting Ln 3/2 listed at $659K.
1 closed sale: 1898 Woodring Rd 2/2 $1.7M.
LOTS
1 new listing: 690 Birdie View Pt $369K.
1 price change: 1313 Par View Dr now $300K.
1 new sale: 1226 Isabel Dr listed at $1.239M.
No closed sales.
Captiva
CONDOS
No new listings.
1 price change: Captiva Shores #7B 3/2.5 now $1.425M.
1 new sale: Captiva Hide-A-Way #1B 2/2 listed at $889K.
No closed sales.
HOMES
1 new listing: 15138 Wiles Dr 6/5.5 $6.495M.
1 price change: 15200 Captiva Dr 2/2 now $988K.
2 new sales: 11520 Wightman Ln 3/2 listed at $2.695M, 16221/16217 Captiva Dr 5/5.5 listed at $4.389M.
No closed sales.
LOTS
No new listings, price changes, new or closed sales.
This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.
Below is our “Island Sun” ad from today’s paper.
Enjoy your weekend!
Susan Andrews, aka SanibelSusan