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Friday, April 03 2009

Well - the Truth hurts. From our high in 2006, where the median home sales price for a home on Sanibel Island was $868,500 - we have experienced a 19.4% drop in prices through 2008. This means that the median sales price in 2008 was $700,000. That is telling. However, I still would rather have my money in Sanibel Island Real Estate given that the stock market fell an average of 30% - 40%. Doesn’t seem like such a painful prospect in that light. In addition, the Days on Market for Sanibel Island Real Estate for the same timeframe went from 137 days in 2006 to 207 days in 2008. So the holding time was extended as well. What does that mean for you if you want to buy or sell Sanibel Island real estate? Contact me and we can discuss strategies that will work for you!  sarah@sanibelislandsensations.com

Posted by: Sarah Ashton AT 02:04 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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