Yes, there are short sale properties available on Sanibel Island.
There are currently 10 houses and 4 Condos that are Short Sales being actively marketed on Sanibel Island at this time. There may be more however these are the active one. There is one multi-family house and 9 single family houses ranging from $350,000 to $3,295,000.
There are 4 - short sale condos that are being actively marketed, all two bedroom, two bath units ranging from $219,000 to $744,900.
If you have been waiting for "a deal" on Sanibel Island, now may be your time to buy!
I have just listed a classic, two bedroom, one bath cottage, down a dirt lane on the quiet west end of Sanibel Island - near Dinkins Bayou. This gem features an open floor plan, a screened porch, newer roof and appliances. It is only a short stroll to the neighborhood boat launch! A great get-away or condo alternative. Sanibel Island Real Estate at a great deal!
National Association of Realtors Chief Economist’s 2010 projections
Trying to predict how the Sanibel Island and Captiva Island Real Estate market will go in 2010 is not an easy task.The truth is that we have been seeing an increase in actual units under contract and the numbers of people who are making inquiries to me is about double of what it was last year at this time.
This being said, translating inquiries into people actually looking at properties to then making offers is not an exact science either.What I can report is that the NAR Chief Economist is predicting some improvements.He reports that existing home sales in 2009 rose to an estimated 5 million units – a 2% increase over 2008.For 2010, the forecast is for 5.7 million units or a 13.6% increase.
Additionally, because of the difficulty in obtaining jumbo financing, there was limited activity in the upper-end housing market.NAR forecasts improvement in 2010 in this end of the market as banks continue to ease their lending.
Many visitors to Sanibel Island visit the Ding Darling Wildlife Refuge to see the amazing birds, the abundant alligators and our infamous Croc. For those who know what I am talking about it is likely you saw her for yourself - 14 feet long and a gazillion teeth - she was one of the most amazing and scary creatures I have ever witnessed.
It was reported in the News Press today that she has died. She was found dead about a mile and a half from the refuge along the banks of the Sanibel River. It appears that she died from natural causes and the recent cold spell likely didn't help this amphibian.
We will all be a little sadder going through Ding and anticipating that perhaps around the next bend we would see her sunning herself, her mouth agape displaying all her hundreds of teeth. For the years that I have lived on Sanibel, the croc was distinctly Sanibel and a creature of awe in an awe-inspiring place. She will be missed.
Sanibel and Captiva Islands Remodeling:Cost vs Value
Are you thinking of making some improvements to your Sanibel Island or Captiva Island home in 2010?You might be interested to know that replacing your Front Door leads the way when it comes to return on investment.Replacing your entry door with a high efficiency door will cost roughly $1100 to purchase and have installed.The National Association of Realtor’s 2009 – 2010 report on Cost vs Value reports that the recouped value of that project will be about $1,470 or 129.9% of the cost! (Realtor Magazine, January 2010, pg. 22)
Not only does it speak volumes about the value of Curb Appeal, it also can save you $$ with a more energy efficient door.
2009saw the available inventory drop which bodes well for the prices holding steady.At the end of 2008 we had over 300 homes and 300 Condos for sale on Sanibel Island alone.This year the inventory is as follows:
Current Inventory on Sanibel Island January 1, 2010:
Homes – 263 priced $239,000 to $13,500,000
Condos – 262 priced $194,000 to $3,365,000
Lots – 115 priced $195,000 to $5,250,000
Current Inventory on Captiva Island January 1, 2010:
Homes – 78 priced $879.000 to $18,000,000
Condos – 73 priced $280,000 to $3,875,000
Lots – 12 priced $775,000 to $8,500,000
From 1/1/2010 thru 1/15/2010 there have been 8 properties that have closed on Sanibel and there are 34 properties under contract on both islands. If you would like more information about the current state of Island real estate, email me.
Wow! Has it really been a month since I last posted a blog entry???!!
Well, let's start with a brief look back on the Sanibel Island and Captiva Island Real Estate activity in 2009.
A total of 281 properties sold on Sanibel and Captiva Islands in 2009.Sanibel saw the most activity with 143 Homes, 86 Condos and 11 Lots sold.Captiva continued it’s sluggish pace from 2008 with 16 Homes, 22 Condos and 3 Lots changing hands.
Prices continued to pull back in all segments on both islands in keeping with the economy in general.The good news is that the prices of homes and condos appear to have found a floor.
Property Sold On Sanibel Island in 2009:
Homes: Prices ranged from a low of $285,000 to a high of $3,900,000
Condos: Prices ranged from a low of $175,000 to a high of $3,200,000
Lots: Prices ranged from a low of $175,000 to a high of $750,000
Property Sold On Captiva Island in 2009:
Homes: Prices ranged from a low of $800,000 to a high of $7,250,000
Condos: Prices ranged from a low of $246,000 to a high of $2,175,000
Lots: Prices ranged from a low of $1,325,000 to a high of $2,900,000
If you would like more detail on these statistics, let me know. In my next post, I will take a look at 2010!
With the holidays just down the road, Sanibel Island and Captiva Island kick it off right with a two night Luminary festival. Tonight is Sanibel's turn with the entire length of Periwinkle Way lined with luminaria. It is breath-taking! All the shops on Sanibel will be open with refreshments and deals - many are offering Luminary night specials. It is fun for me because it really gets you into the holiday spirit - the decorations are great.
Tomorrow night is Captiva Island's night. While smaller, it is more intimate and just as lovely. The shops will be open as well and the refreshments flowing. The tree at Tween Waters is on and greeting all who come! If you have the chance, maybe not this year, the first weekend in December is our luminary festival and it really shouldn't be missed!
http://www.news-press.com/apps/pbcs.dll/article?AID=20101290375
