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Saturday, October 29 2011

2011 has been good for business in East and West Rocks - a near beach neighborhood on Sanibel Island off the dead-end section of West Gulf Drive, west of Rabbit Road.

To date in 2011 there have been 7 houses that have sold and an additional one under contract.  The sales prices have ranged from $520,000 for an older model, 3 bedroom, 2 bath pool home to $899,900 for a 4 bedroom, 3 bath pool home build in 1991. 

The low price of $520,000 is an increase over the low price in 2010 of a comparable home by 5%.  This increase reflects the active market we have seen in 2011 for properties on Sanibel Island.  With the increase in activity comes a decrease in the inventory - hence a bit of price pressure.

The Days on the Market ranged from 91 days (meaning it went under contract very quickly after coming on the market) to 762 days.  In the Real Estate market these days - 2 years to sell has not been uncommon.  We are seeing that properties that are priced well - taking into account the age, condition and past sales of comparable properties tremendously reduces the time on the market. 

Currently there are 4 Active listings in "The Rocks" ranging from $449,000 for a 2 bedroom, 2 bath property to $799,000 for a 3 bedroom, 3 bath home.  Perhaps one of these should be yours!

To check out a couple of great videos of East Rocks and West Rocks... CLICK HERE!

Posted by: Sarah Ashton AT 10:39 am   |  Permalink   |  Email
Tuesday, October 11 2011

 

Have you ever thought about how great it would be to have a Caribbean Island retreat right here in the U.S. of A.?  Well -look no further.  This super special 3 bedroom 3 bath Gulf of Mexico front home on Sanibel Island will fit the bill.  With Turkish Marble and Yellow Pine flooring and Cypress wood beams with bamboo inset ceilings - the ambiance is serene with a low maintenance beach front feel.  Combine this with Gulf side pools and spa - as you relax in the adjacent Cabana you know that you have arrived!

 

Check it out and contact me with any questions or to schedule a tour!



 

Posted by: Sarah Ashton AT 02:40 pm   |  Permalink   |  Email
Monday, October 03 2011

2011 is shaping up to be a much better year than 2010 with respect to Sanibel Island and Captiva Island real estate.

On Sanibel Island there have been a total of 271 houses, condos and lots sold thus far in 2011 versus 219 for the same time in 2010.  That is a 23% increase in total volume.  The prices of the sold units are up as well.  Houses, condos and lots on Sanibel Island have a low prices that are 0 - 15% higher than last year with many more properties over $1 million having been sold.

On Captiva Island there have been a total of 39 properties sold in 2011 versus 26 in 2010.  This is a 50% increase in volume.  Prices on the top end have increased while some of the smaller properties have sold at a great value.

What is clear is that there will continue to be pressure on Sanibel and Captiva prices to hold or go up in the coming months based upon a greatly reduced inventory from last year.  I have had several experiences this summer where my clients had properties sold prior to their being able to get an offer in.  Additionally, the number of properties available to view and choose from was greatly reduced.

We will see what Q4 will bring! 

Posted by: Sarah Ashton AT 02:30 pm   |  Permalink   |  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

 

Office Phone: 239.472.2311
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