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Wednesday, May 27 2009
The news through May of 2009 about real estate sales on Sanibel is mixed.

We are looking somewhat similar to last year in number of sales.  This year so far, 48 homes have closed which averages roughly 10 per month or 120 for the year.  In 2008, 146 house were sold so we are down in the house category.  In the Condo category, thus far 48 condos have closed which averages roughly 10 or 120 for the year.  In 2008, 95 condos sold so we are up in the Condo sales category.  We have 30 homes and 24 condos that are under contract to close so things are definitely moving.   We also have many people here looking so my belief is that things will continue to be busy for the next 6 weeks or so. 

What is also true however, and good news for buyers, is that the average sales price of both homes and condos is off by about 15 - 20 percent.  There continue to be some great values out there so what are you waiting for? 

If you would like more detail on the current market and how this affects your Island real estate decisions to buy or sell, contact me.  It's a sensational day in paradise.
Posted by: Sarah Ashton AT 04:37 pm   |  Permalink   |  Email
Saturday, May 23 2009
After 10 days with rain dominating all or part of the day - it is great to see the sun shining again on Sanibel Island.  And the outlook for the weekend is sunny!  This is true both actually and metaphorically.

It is true that it has been raining for most of the past 10 days - we desperately needed the rain so we are grateful.  An unusually early 'tropical wave' and stalled low pressure system were the cause. 

What is also true is that the sun is shining on Sanibel Island Real Estate at this time.  There have been many people visiting here and bringing their check books.  Contracts are being written and properties are selling again.  It seems as though the cloud has lifted slightly and the folks that have always wanted to own on Sanibel Island are coming back. May 2009 (through the 22nd) are outpacing the previous 4 months.  We have had 16 homes and condos close already and the number of properties under contract is growing. With the prices as relatively low as they are and the interest rates being at such low rates, it is truly a great time to buy. 
Posted by: Sarah Ashton AT 09:33 am   |  Permalink   |  Email
Wednesday, May 13 2009

A very exciting announcement came out about Sanibel Island's first GREEN residential development.  As most know, there is very little property remaining on Sanibel Island that is able to be developed.  Over 65% of Sanibel is under conservation restrictions so any building of multiple units is big news. 

This project is a collaborative arrangement between Benchmark Construction, the Florida Community Design Center and the University of Florida School of Architecture that will bring forth a cluster of 12 single family homes on a 12 acre parcel along Periwinkle Way.  The project will be located on the previous site of the Old Schoolhouse Theater.  The mission of the project is "to create and optimize a sustainable, environmentally sensitive design that could become a model for future development of coastal communities in our region."

The objective of any GREEN development is to create a more sustainable situation for the environment.  This is done, for example,  through the use of cluster housing -  less impact on the environment, building materials that are energy efficient, renewable and kind to the environment, building systems that conserve water and power.  

This is totally in keeping with Sanibel Island and I am really looking forward to seeing where it goes.  I'll keep you posted.  For more info


Posted by: Sarah Ashton AT 02:12 pm   |  Permalink   |  Email
Friday, May 01 2009

Continuing with my recent discussion about where Sanibel Island Real Estate is at this time - Condos are our topic today. This isn’t pretty so hold on. In 2006, the median sales price of a condo on Sanibel was $768,000 and was on the market for an average of 119 days. In 2008 - the median condo price had dropped to $612,500 or down 20.23% and the days on market had climbed to 223 days. WOW - a world of difference. In 2009 we are continuing to see prices fall some - not as in a Ft. Myers fall but still a fall. Sanibel Island Real Estate continues to hold better than many markets but it is still not pretty. Until next time

Posted by: Sarah Ashton AT 03:52 pm   |  Permalink   |  0 Comments  |  Email


Servicing the Real Estate Needs of Buyers and Sellers on Sanibel and Captiva Islands.

 
ReMax of the Islands Sarah Ashton
Sarah Ashton Sarah S. Ashton, Broker Associate, Realtor®
ReMax of the Islands
2400 Palm Ridge Road
Sanibel, FL 33957

 

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