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Sunday, July 21 2013

How The First Six Months of the Year Shape Up

We all know Sanibel and Captiva Island real estate has lots to offer, and we also know we've been through a downturn in our nation-wide, and local, real estate market.

It sure looks like this year and last year have seen a nice increase in Sanibel home sales, and a definite increase in activity as people search for island property.

If we look at closed transactions for the first six months of this year (Jan.-June), compared to the same time period last year,  this is what we find:

In 2012 we had 105 home closings on Sanibel in the price range from $235,000 to $4 million, and this year we saw 131 Sanibel home closings from $301,000 to $5 million. These stats show we've had a 22% increase in home sales with a 22.3% increase in sales price. This is good solid proof that we are in a recovering home sale market on Sanibel!

The Sanibel condo market is still slow. It may be the buying public is looking more for full-time home ownership and still nervous about income producing condos. The statistics for Sanibel condos from this year to last are as follows:

In 2012 we had 107 condo closings on Sanibel in the price range from $155,000 to $2.08 million, and this year we saw 94 Sanibel condo closings priced from $110,000 to $2.2 million. These stats show a 12.9% decrease in sales, with a sales total averaging just about the same for the two years.

Now let's look at Captiva Island real estate. Captiva has a real estate entry price point quite a bit higher than Sanibel, and is limited to higher income sales market.

In 2012 we had 18 home closings on Captiva in the price range from $660,000 to $3.87 million, and this year we saw 12 Captiva home closings priced from $630,000 to $8.5 million. These stats show we've had a 40% decrease in sales, but the price total you could say is higher, but maybe should be called mixed since the high sale of $8.5 million was so much higher than the $3.87 in 2012.

The Captiva Island condo sales for the first six months of this year compared to last year is:

In 2012 we had 24 condo closings on Captiva in the price range from $210,000 to $2.285 million, and this year we saw 17 Captiva condo closings priced from $198,000 to $2 million. These stats show we've had a 34% decrease in sales, with a sales total down slightly,

I think what should be read into these sales figures would be that home sales are strong and getting stronger. Interest rates are still low and our national economy is showing signs of a good recovery.

The bottom line is you need to start your search for your perfect island property! Give me a call at 239-691-4915 or use my contact form and let me help you start your search! You can also click here and check out prices for yourself. My user friendly search program allows you to either search by price, map location, and just about any other criteria that is important to you. The Bottom Line... Contact Me!

Thanks!
Sarah Ashton, Broker Associate
Royal Shell Real Estate
239-691-4915
www.SarahAshton.com
Contact Me Here!

Posted by: AT 11:29 am   |  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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