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Tuesday, August 25 2009
Greetings,

There are some interesting statistics about Lee County Florida real estate activity.  The number of closed house sales, year-to-date, through 8/17/09 is 50% higher than the same period in 2008.  There have been over 10,000 properties sold in Lee County thus far this year!  Only 25% of these were traditional sales with over half being foreclosures and the rest being short sales

The number of closed condo sales in Lee County thus far in 2009 has also jumped 33% over 2008.  That brings it to close to 2500 condos sold so far in 2009!  Just about 1/3rd of these were foreclosed properties. 

It is great that these foreclosed and short sale properties are moving off the market.  The sooner this happens, the sooner the market will start returning to some sort of normalcy.

On Sanibel Island we have not seen the same type of activity.  There are many fewer properties in general and many fewer foreclosed properties.  We have actually seen a 21% decline in house sales and a 20% decline in condo sales in 2009 vs. 2008.  Because the great deals are not there, we have not had the activity that Ft. Myers, Lehigh and Cape Coral have seen.  Sanibel prices too, while they have pulled back, we haven't seen the severe drop in prices that other parts of Lee county have experienced.
Posted by: Sarah Ashton AT 10:27 am   |  Permalink   |  Email
Monday, August 24 2009
Check out my new page on the www.sanibelislandsensations.com website that features the Loggerhead Cay Condo community.  http://www.sanibelislandsensations.com/loggerhead_cay1    Over time we will post additional information and add pages featuring additional condos.  Let me know what other information you would like to see. 

Sanibel Island real estate is still active and condos on Sanibel Island are at some very attractive prices.  Is it time for you to get your piece of paradise?
Posted by: Sarah Ashton AT 08:04 am   |  Permalink   |  Email
Thursday, August 13 2009
The first quarter of 2009 was slow for Sanibel Island Real Estate Sales.  A total of 34 homes and condos sold during this time on Sanibel Island.  Otherwise known as not that many!

The second quarter of 2009 saw dramatic rise in sales as a total of 75 homes and condos were sold on Sanibel Island.  Home sales continue to show strength in the first 1/2 of the 3rd quarter.  If they stay on track, will match Q2's volume.  Interest in condos appears to be declining for now.  Some of this is likely due to the continued difficulty in financing condos.  Many lenders are reluctant to finance investment condos or they require a larger deposit.


 
Sanibel Island House and Condo Sales 2009
  Homes Condos
Q1
21 13
Q2
45 30
July - 8/12 24 14
Posted by: Sarah Ashton AT 02:58 pm   |  Permalink   |  Email
Saturday, August 01 2009
While people plan, God laughs!

Blind Pass was not scheduled to be opened for another week.  However, Mother Nature took matters into her own hand on Friday and opened it herself.  While the dredging and debris removal is not complete, there is water flowing from the Gulf to the Bay for the first time in years.  May the pass remain open for a very long time! This YouTube video was shot by the first boat through.  Note:  They don't want boat traffic yet as they aren't done removing old bridge pilings, however this powered canoe owner (video below)  just couldn't help themselves!


Posted by: Sarah Ashton AT 03:06 pm   |  Permalink   |  Email


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

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

 

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