It's nice, in fact great, to see our Sanibel real estate market getting fully on its feet again! This year, and last year, have been a continuation of the national economic recovery. It helps that bank rates are continuing to be at historic lows and home prices are extemely reasonable.
Sanibel and Captiva real estate have always been in demand, and it was the economic downturn that dragged us down. Lots of people were just waiting for the recovery to start before they jumped back into the market. Sanibel and Captiva are incredible places to live! As a long-time Sanibel resident, I can definitely relate!
In this blog I want to take a look at our Sanibel near-beach home sales.
Currently we have 52 near-beach Sanibel homes listed. Asking prices start at $424,900 for a two bed, two bath, 1401 sq. ft. ground level home on Tahiti Drive, to a four bed, three bath, 6045 sq. ft. home on Dingman Drive for $2,495,000. There are currently 5 near-beach homes under contract and pending sale.
So far this year we've had 71 near-beach Sanibel homes sold (that's right! 71). The listing to sales price, so far this year, has been 91%.
We are on track toward a great year. Last year during the same period we had 70 near-beach Sanibel home sales, which shows that for two years our market has been healthy. This is a great time to start your search for island property - rising market, low rates, good inventory and reasonable sales prices.
For a snapshot of our current market listings:
Sanibel Total home listings on Sanibel - 146
From a 3/1 on Court Place for $289,000, to a 3/5 for $23,000,000 on San-Cap Drive. Total condo listings on Sanibel - 134
From a 1/1 at Spanish Cay for $$264,000, to Sedgemore Condo for $2,999,900.
Captiva Total home listings on Captiva - 34
From a 3/2 on Dickey Lane for $879,000 to a 7 bedroom on Captiva Drive for $10,900,000 Total condo listings on Captiva - 30
From a 1/1 in Tennis Villas for $225,000 to a 3/3 Beach Home condo for $2,050,000.
Give me a call today to start your search for the perfect island property! I can do all the research for the property that fits your criteria and arrange for you to see it. If you're not on-island, no problem. I can send you photos and all the information you need to advance your search. I can find you just what you're looking for! In a few years there will be many who say, "If only I bought back in 2013 before prices and interest rates..."
Did you know you can take a quick tour of some of our favorite neighborhoods? I've been putting together web pages and videos of Sanibel and Captiva for you to enjoy as you start your search of island properties. Our summer weather is almost here and it's a great time to enjoy all the sights and fun things to do on the islands. Besides searching for your island home, summer is great for birding, fishing, shelling and just enjoying miles and miles of our word famous beach!
By watching these videos you can get an idea of what each neighborhood has to offer. I also have a web page for each area in my website's "Near Beach" section. It's a great place to start to explore our islands! I also have pages dedicated to the Lighthouse, Wildlife Refuge and a video tour of Sanibel's eastern end. As well as the information in my website, I'd love for you to use my contact form, or call me at 239-691-4915, so I can put together information for you for your perfect island property!
Herons Landing II
When you're looking for something to do this summer I can help you explore and learn about my favorite place, Sanibel Island. I'm a long-time resident of Sanibel Island, and I love to show off what these islands have to offer. Royal Shell Real Estate has offices on Captiva Island as well as Sanibel Island and I have access to every listed property! Call Me! 239-691-4915
Chateaux Sur Mer
It's June already and I'm getting ready for another busy summer. I am never too busy to help you and your family and friends with their island real estate! I'm looking forward do hearing from you and I hope you enjoy my video tours!
Sarah Ashton, Broker Associate
Royal Shell Real Estate
2011 has been good for business in East and West Rocks - a near beach neighborhood on Sanibel Island off the dead-end section of West Gulf Drive, west of Rabbit Road.
To date in 2011 there have been 7 houses that have sold and an additional one under contract. The sales prices have ranged from $520,000 for an older model, 3 bedroom, 2 bath pool home to $899,900 for a 4 bedroom, 3 bath pool home build in 1991.
The low price of $520,000 is an increase over the low price in 2010 of a comparable home by 5%. This increase reflects the active market we have seen in 2011 for properties on Sanibel Island. With the increase in activity comes a decrease in the inventory - hence a bit of price pressure.
The Days on the Market ranged from 91 days (meaning it went under contract very quickly after coming on the market) to 762 days. In the Real Estate market these days - 2 years to sell has not been uncommon. We are seeing that properties that are priced well - taking into account the age, condition and past sales of comparable properties tremendously reduces the time on the market.
Currently there are 4 Active listings in "The Rocks" ranging from $449,000 for a 2 bedroom, 2 bath property to $799,000 for a 3 bedroom, 3 bath home. Perhaps one of these should be yours!
To check out a couple of great videos of East Rocks and West Rocks... CLICK HERE!