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Monday, October 25 2010

Folks who read my last Blog about Sanibel Island Real Estate were asking - what about Captiva Island Real Estate?

So here goes

For January through September 2009 versus January through September 2010 Captiva Real Estate differed greatly from Sanibel.

In all Captiva Island real estate categories - Houses, Condos and Land - the number of transactions is way down from 2009.  For houses and condos, the prices are down as well. Captiva has had an amazingly slow couple of years and the prices have continued to drop.  As the stock market and the overall economy picks up, I believe that Captiva Island real estate will rebound.

Below are the 2009 figures followed by the 2010 figures. 

As I said in my Sanibel real estate report - Is it a good time to buy - yes!  With lower prices and low interest rates, it is a very good time to buy!  Let me know if I can answer any questions for you about Island Real Estate

  January thru September        
Captiva     2009     2010  
        Ave Days on Mkt/   Ave Days on Mkt/
Houses Sold     Sales Price     Sales Price
  Conventional   12     5  
  Short Sale   1     1  
  Foreclosure   1     0  
  Total   14 203 / $2,417M   6 463 / $1,911M
               
Condos Sold            
  Conventional   40     18  
  Short Sale   0     0  
  Foreclosure   0     0  
  Total   40 318 / $826,324   18 270 / $645,800
               
Vacant Land Sold            
  Conventional   3     2  
  Short Sale   0     0  
  Foreclosure   0     0  
  Total   3 630 / $2,241M   2 284 / $2,850M
               
Total Transactions thru Q3 2009  - 57   2010  - 26  

Posted by: Sarah Ashton AT 05:14 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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