This past week has given us some terrific weather and we hear the fishing has been superb! Our summer weather patterns seem to be in full swing with typical afternoon thunderstorms with enough rain to keep everything green. Perfect for you to come and visit us!
The talk of the town is still the BP oil spill, but it’s hundreds of miles from our beaches and the wind patterns have been keeping it away from our area.
For more info concerning the oil spill and its relation to our islands you can check Sanibel’s official website Here, or you can go right to the latest news Here. The Sanibel government is also organizing a “Coast Watch” for our community.
This is a great article and video on THIS SITE where they talk about a decade-old study showing Southwest Florida being in a “Forbidden Zone” where current patterns tend to stay far off our shores. This sounds like great news and, as the video shows, should give us an extra layer of protection. This video is worth watching even without the oil spill. It gives you a better understanding of water current patterns in the Gulf of Mexico.
Image credit: Yang, H., R.H. Weisberga
In other news, we have "Alex" the first tropical storm of the year. This storm is in the southern gulf and all the forecasts show Alex to be heading toward the Mexico/Texas border and not giving us any problems.
As for our current real estate market, prices remain reasonably low, as do interest rates, so the market is fairly active. Currently there are 20 homes under contract (19 on Sanibel & 1 on Captiva), and there are 18 condos under contract (14 on Sanibel & 4 on Captiva).
Since the first of the year we have had 80 residential properties close (75 on Sanibel and 5 on Captiva), and 83 condo closings (71 on Sanibel and 12 on Captiva).
It's easy to understand why our market is so active! These islands are fantastic and everyone knows it!
First – No oil within hundreds of miles of our beaches and none forecast in our future. And if any oil happens to appear, many of our resorts are offering full money back guarantees.
Second – We have a new crocodile living in the Ding Darling Wildlife Refuge. Back in January of this year our previous croc resident (named Wilma) passed away, but last Friday refuge manager Paul Tritaik said a female crocodile was relocated from Grove City, Florida to the Refuge. Our new croc measures about 8 feet long and weighs in at about 150 pounds. She has been tagged and released and hopefully she will become as popular as Wilma. I can't wait to see her!
In our real estate news, I still believe this is a great time to come and check out all the deals! Real estate prices are extremely reasonable and interest rates are still low.
As of 6/14/2010 on Sanibel & Captiva there were 20 homes and 19 condos under contract, which shows our market is still active! Now is the time to give me a call and check out some of our great listings!
Come on down and enjoy our beaches, our fabulous summer fishing and, or course, our world famous shelling!
The talk on TV and on the web is still all about the oil spill off the New Orleans coast, and rightly so. Our hearts go out to those affected by this spill and we are hoping for a cure to this horrible situation. Even though they are expecting oil on some beaches in the Florida Panhandle, we are hundreds of miles away and our sand and waters are absolutely oil free. Our beaches are loaded with sand, shells and wildlife.
Real estate in the area is still moving and there are some incredible deals on the market. I believe this is a great time to check out the area and think about buying. If you can tell me what your dream house or condo would look like, I can put your parameters into the MLS system and you will be automatically notified of any listings that fit your dream. Low pressure with high rewards!
For a quick update on our current market.
For the month of May 2010, Sanibel had 15 residential home sales with an average selling price of $982,600.
In the same time period Sanibel had 19 condo sales with an average selling price of $600,816. This is a big increase over condo sales from a year ago - May of 2009 – when we only had 7 Sanibel condo sales.
For Captiva Island:
For the month of May, the Captiva market was fairly slow with 1 residential home sold as opposed to 5 for this time period last year.
For condos, Captiva had 2 sales with an average selling price of $501,250.
These statistics are for closed sales only and not properties under contract.
For now have a terrific day and I’ll be sure to keep you updated.