For a quick update on our current market.
For the month of May 2010, Sanibel had 15 residential home sales with an average selling price of $982,600.
In the same time period Sanibel had 19 condo sales with an average selling price of $600,816. This is a big increase over condo sales from a year ago - May of 2009 – when we only had 7 Sanibel condo sales.
For Captiva Island:
For the month of May, the Captiva market was fairly slow with 1 residential home sold as opposed to 5 for this time period last year.
For condos, Captiva had 2 sales with an average selling price of $501,250.
These statistics are for closed sales only and not properties under contract.
For now have a terrific day and I’ll be sure to keep you updated.