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Monday, September 23 2013

The Latest Info On Near Beach Sanibel Sales

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..."

Contact Me Today!

 

Thanks!
Sarah Ashton, Broker Associate
Royal Shell Real Estate
239-691-4915
www.SarahAshton.com
Contact Me
 

 

Posted by: AT 12:51 pm   |  Permalink   |  Email
Saturday, October 20 2012

We can always tell when it's starting to get cold up north. Our traffic gets heavier and our resorts start to fill up. This is a great time of the year and it's also a good time to look at what's going on with our real estate market.

Currently we have 185 homes listed on Sanibel, starting with a three bedroom, two bath listed at $250,000 on San-Cap Road, up to a four bedroom, five and a half bath gulf front home listed at $5,495,000. On Captiva Island we have 36 homes listed, from a two bedroom, two and a half bath for $669,00, to an incredible seven bedroom, ten bath listed at $12,500,000. Between our two islands, and many listings, we certainly have just right property for you!

If a condo is more to your liking, we currently have 172 condos for sale on Sanibel. Condos start at a Colonnades one/one unit listed for $129,000, to a 3/4 at Sedgemoor listed for $2,999,900. There are also 54 condos listed on Captiva Island, starting with a 1/1 at Tennis Villas for $225,000 to a 3/3 Beach Homes listing for $2,280,000.
With all these great listings, and interest rates at historic lows, this is the time to get your piece of the Sanibel-Captiva lifestyle and put your footprints on the beach! All signs point to rising prices and an active season so this just might be the last chance to buy at the bottom of the market. We are starting to see homes and condos that are currently listed showing an increase in the listed asking price.
Since the first of the year we've had 152 home closings on Sanibel (avg. selling price of $781,368) and 134 Sanibel condo closings (avg. selling price of $566,057). For Captiva we've had 23 home closings (avg. selling price $1,423,906) and 31 condo closings (avg. selling price $842,242). This shows our islands to be very active in showings and sales! It also shows that this is a great time to put some thought into making Sanibel or Captiva your new home or get-a-way!
Even forgetting all the above statistics, our island lifestyle is always in demand, and of course, I would love to show you around! If you don't think it's quite time to start looking in person, or you are still up north, I can put you on my automatic notification system. If you let me know your criteria for what you might be interested in (price, size, home/condo, location, etc.) you will be emailed the listing details and photos whenever a new listing fitting your criteria becomes available! Easy as that!
Please contact me with any questions you might have about my island! Sanibel and Captiva offers lots to do and more to see and as an island resident, I can point you in the right direction!
Thanks for reading my Blog!

Sarah

Posted by: AT 10:44 am   |  Permalink   |  Email
Tuesday, January 24 2012

Last year our local real estate market had some terrific gains! I don't think anyone will say our economy is fully recovered, but the stats for Sanibel home sales for last year (2011) show an increase of 30.7% over 2010!

In 2010 there were 124 Sanibel home sales, and in 2011 we had 179! Sanibel condos also showed some good news - in 2010 we had 120 condo sales and in 2011 there were 142.

This is great news for Buyers and Sellers. With sales increasing it just might mean we hit the lows and are now moving up again.

Another interesting fact is Sanibel's high end Gulf Front home sales. In 2009 there were just two Gulf front sales, in 2010 we had five sales, and in 2011 we had 14 Sanibel Gulf front sales! Check below for all the stats!

Sanibel Home Sales (monthly) for 2011

Sanibel Condo Sales (monthly) for 2011
 

Sold 2010 2011 Av. Selling Price Days On Market List to Sell %
Sanibel Homes 124 179 $826,130   347

89% 

Sanibel Condos 120 142  $591,861  304

90% 

Sanibel Lots 21 19 $336,905 473

86%

 

 

 

 

 

 

 Captiva Homes

 10

 22

$1,782,059  

 349

 88%

Captiva Condos 

 8

 24

$737,754 

 480

 90%

 

I think it's easy to see that things are looking up! Our weather is beautiful (as usual), our beaches are fantastic (again, as usual) and we are ready to climb out of the bad economy of the last few years. So on that note, check out my four bedroom, four bath Captiva Gulf Front listing! This home is perfect for a getaway or a full time home. Renting is also an option as this house has a great rental history! CLICK HERE to check it out!
 
Sarah
 
 
Posted by: AT 03:24 pm   |  Permalink   |  Email
Friday, August 05 2011

Greetings from Sunny (albeit humid) Sanibel Island, Florida

The Sanibel Real Estate market has continued to be strong through July and year-to-date we have had an 18% increase in closed sales 2011 over 2010. That is quite remarkable!  Condos have lead the way with a 23% increase in the number of closed deals and an strong showing in the $1MM+ end of the market.  Very encouraging.

Land sales continue to lag - we actually had more closed land sales year-to-date in 2010 than we have had this year.  The values of existing homes is so much greater than the expense of purchasing a vacant lot and building new that the existing homes continue to be a better way to go. 
 
 

Two clients I have worked with in July have experienced something we haven't had in a long time - loosing a property they were interested in to another interested party getting an offer in on the property first!  I have also had clients have to deal with competing offers - another situation we haven't seen in a long time!  With all this activity - we are seeing the inventory decline.  This is due both to the number of sales as well as the time of year.  We typically get more folks listing in October in expectation of the seasonal influx of visitors. 

I hope you are having a great Summer and I look forward to hearing from you soon about your plans to come down to Sanibel!  Till next time....Sarah

Posted by: Sarah Ashton AT 11:29 am   |  Permalink   |  Email
Saturday, April 02 2011

Wow!  Here we are one quarter of the way through 2011.  Time really does fly when you are having fun!

We are having fun - certainly more fun than our friends up north this winter - My girlfriend in Massachusetts texted me yesterday to let me know she had 6 inches of snow and no power - ouch.  We have had the most outstanding weather this year in the 10 years I have lived here.  Absolutely without question - warm, sunny days and cool, windows open, sleeping nights - perfect...  But I digress....

On to Real Estate...March continued in a strong fashion.  2010 to 2011 we are just about the same in closings in the March vs. March comparison.

                                        2010                 2011
Sanibel Houses                   16                    21
Sanibel Condos                  16                    12
Sanibel Vacant Land            2                      2 
                                                                                                                               

           
Comparing the total Q1 2010 closings to Q1 2011 closings we are 70 to 90 or 28% ahead of last year.    That sounds pretty impressive to me.  We also have 46 Houses and Condos under contract right now. 

Prices?  Well it is still a bit all over the map.  We are seeing more transactions in the $1 million plus range than we did all of 2010.  And we are seeing the $500 thousand to $1 million with more strength than last year.  The bargain hunters are still out there and are still finding some deals though not as easily.  The folks who need to sell are negotiating and those who do not, aren't.

What is "hot" in Sanibel Real Estate?:  Sundial 2 bedroom condos.  5 have closed this quarter and the prices have come down to a great value for these larger, gulf front, gulf view units with rental potential.  Pointe Santo de Sanibel came in 2nd with 3 closings in Q1 - 2011.  Again - good values with rental potential.

Sanibel Real Estate and Captiva Real Estate is looking better than ever! Check out my listings!  or Check out ALL the listing!

Contact me to find out more or to schedule a time to take a look for yourself!

Posted by: Sarah Ashton AT 02:03 pm   |  Permalink   |  Email
Saturday, January 22 2011

Sanibel Island and Captiva Island Real Estate

A Year in Review

Here is brief look back at the Real Estate on Sanibel and Captiva Islands through 2010

A total of 303 properties were sold on Sanibel and Captiva Islands in 2010.  This is a 7.8% increase in the total sold in 2009.  Sanibel saw the most activity in 2010 with 265 properties sold making a 10.4% increase in total sold from 2009.  There were 124 Houses, 120 Condos and 21 Lots sold.  The real story is the increase in Condo sales.  In 2009 there were only 86 units sold on Sanibel and in 2010 there were 120.  Condos are back!

Captiva continued its slide with only 38 houses, condos and lots sold with Condo sales increasing from 22 in 2009 to 26 in 2010.  More evidence that Condos are back.

Prices pulled back in all segments on both islands during the first part of 2009.  They seemed to stabilize toward the end of the year.  The values are very good!

Property Sold on Sanibel Island in 2010

Homes:  124 with prices from $190,000 to $3,275,000

Condos:  120 with prices from $160,000 to $2087,500

Lots:  21 with prices from $115,000 to $1,295,000

Property Sold on Captiva Island in 2010

Homes:  10 with prices from $995,000 to $7,000,000

Condos:  26 with prices from $235,000 to $1,300,000

Lots:  2 with prices of $2,800,000 and $2,900,000

For more detail or any questions – contact me!

Posted by: Sarah Ashton AT 09:45 am   |  Permalink   |  Email
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 Ashton Sarah S. Ashton, Broker Associate, Realtor®
ReMax of the Islands
2400 Palm Ridge Road
Sanibel, FL 33957

 

Office Phone: 239.472.2311
Mobile: 239.691.4915

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