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Thursday, April 01 2010
My clients who are interested in Sanibel Island Houses for sale (vs. Sanibel Island Condos for sale) have asked me about the trend in prices and number of sales over the past 10 years.  The findings are quite interesting.

As you can see from the statistics below - the average price rose right through 2006, however the number of homes sold actually started to decline in that year.  Prices have continued to pull back and we are heading back to 2003-2004 levels. 

In 2010 so far we are seeing a pace that matches or exceeds (we have 20+ houses under contract) last year's volume however the prices are lower.  The upper end of the market is very weak and what is currently selling is our $500K - $800K properties.  We expect that this will continue through 2010 and that recovery in the upper price range won't be seen until 2011 - but we'll see.  If you would like more information about Sanibel Island real estate and Captiva Island real estate sales trends - drop me an email or call me.


Sanibel House Sales 2000 - 2010
     
Year # Sold Average Price
2000 264 $650,869.00
2001 191 $640,868.00
2002 249 $695,048.00
2003 238 $698,622.00
2004 269 $851,418.00
2005 266 $1,017,864.00
2006 156 $1,143,682.00
2007 135 $1,056,178.00
2008 146 $957,663.00
2009 138 $770,315.00
2010* 28 $726,541.00
     
*  Represents sales through 3/25/10
Posted by: Sarah Ashton AT 01:10 pm   |  Permalink   |  Email


Servicing the Real Estate Needs of Buyers and Sellers on Sanibel and Captiva Islands.
 

 
ReMax of the Islands
Sarah Ashton Sarah S. Ashton, Broker Associate, Realtor®
ReMax of the Islands
2400 Palm Ridge Road
Sanibel, FL 33957

 

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