Continuing with my recent discussion about where Sanibel Island Real Estate is at this time - Condos are our topic today. This isn’t pretty so hold on. In 2006, the median sales price of a condo on Sanibel was $768,000 and was on the market for an average of 119 days. In 2008 - the median condo price had dropped to $612,500 or down 20.23% and the days on market had climbed to 223 days. WOW - a world of difference. In 2009 we are continuing to see prices fall some - not as in a Ft. Myers fall but still a fall. Sanibel Island Real Estate continues to hold better than many markets but it is still not pretty. Until next time
