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Monday, July 02 2012
Ok - time to take a look at January  - June this year vs. last year.

The number of transactions are up in all categories on both Sanibel and Captiva Islands!  The curiosity is that the price range of the properties that have sold is just slightly down from 2011. 

I don't think that that will continue.  As the number of transactions has increased, the inventory of properties has distinctly been reduced.  With lower inventory comes price increases - albeit slowly.  The low interest rates are continuing to help as well.  Even with banks not wild about financing investment properties or requiring 30% deposits, many Sanibel and Captiva Island buyers are refinancing their primary residences at these reduced rates and using the capital to pay cash for their island purchases.

Which Sanibel neighborhoods and Sanibel Condos were the most active?  The Dune neighborhood has had 14 closed transactions in the first 6 months of 2012.  This is the greatest number of any other neighborhood on the island.  The Sundial Beach and Tennis resort was the most active Condo complex on Sanibel with 17 condos sold for the first 6 months of 2012.  These are pretty great numbers and speaks volume to the value buyers are feeling for Island real estate at this time.

Let me know if you have any questions or would like me to email you any additional information. You can contact me by phone - 239-691-4915 -  or using my Contact Form.

Happy 4th of July! - Sarah




2012 2011
Sanibel Island                          
  # of sales Price  Range     # of sales Price Range % change in # of sales  
Residential 104 $235K - $4.1M   Residential 101 $285K - $5M +3%
Condo 105 $150K - $2.082M   Condo 90 $200K - $2.649M +17%
Lots 20 $150K - $2.150M   Lots 11 $100K - $2.175M +82%


2012 2011
Captiva Island              
  # of sales Price  Range                  # of sales Price Range % change in # of sales
Residential 18 $685K - $3.870M         Residential 14 $540K - $6.088M +29%
Condo 24 $210K - $2.285M   Condo 17 $215K - $2.1M +41%
Lots 1 $515K   Lots 0 $0.00 --




 
Posted by: Sarah Ashton AT 01:15 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

 

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