Rain, Rain Go Away…Finally Sunshine Again on Sanibel & Captiva Islands


Another wet week here on the islands,but the sun was shining today.

Photo Thinkstock beach

Island Sun logoBelow is an article from the “Island Sun” this week, followed by the activity posted in the Sanibel and Captiva Multiple Listing Service since last Friday.

Release Sites Needed For Native Wildlife

CROW signThe “Island Sun” reports that CROW currently has a variety of native birds, Virginia opossums, raccoons and otters that are ready to return to the wild and establish their own territories. It takes weeks or months for the babies to mature enough to survive in the wild. With baby season in full swing, the clinic’s staff, students and volunteers are working around the clock to feed them.

Yves OspreyOnly a certain amount of animals can be released on one property. If anyone has private property with a lot of land and would be interested in having wild mammals, birds, or turtles released on it, call CROW at 472-3644. The clinic will review the set of guidelines with property owners to determine if their place is suitable.

Sanibel & Captiva Multiple Listing Service Activity July 24-31

sancap GO MLS logoSanibel
CONDOS
1 new listing: Sundial #N301 2/2 $739K.
1 price change: Sundial #F308 1/1 now $380K.
2 new sales: Sundial #H211 1/1 listed at $269K, Sundial #O201 2/2 listed at $699K (our listing).
3 closed sales: Loggerhead Cay #353 2/2 $480K (our listing), Sandpiper Beach #504 2/2 $642.5K, Sanibel Sunset #202 3/2 $1.68M.

HOMES
3 new listings: 546 East Rocks Dr 3/2 $789K, 1198 Harbor Cottages Ct 3/3 half-duplex $899K, 1052 Whisperwood Way 3/3 $1.648M.
1 price change: 2540 Coconut Dr 4/3.5 now $999.5K.
1 new sale: 1774 Bunting Ln 3/2 listed at $539K.
5 closed sales: 9106 Mockingbird Dr 2/2 $465K, 750 Martha’s Ln 3/2 $550K, 963 Sand Castle Rd 3/2 $618K, 1085 Sand Castle Rd 3/2 $650K, Moonshadows #1A 3/3 $825K.

LOTS
No new listings, price changes, or new sales.
3 closed sales: 223 Robinwood Cir $168K, 4308 West Gulf Dr $890K, 3411 West Gulf Dr $3.05M.

Captiva
CONDOS
No new listings.
2 price changes: Captiva Bay Villas #B 3/3.5 now $1.875M, Bayside Villas #5310 3/3 now $582.5K.
No new or closed sales.

HOMES
Nothing to report.

LOTS
1 new listing: 16298 Captiva Dr $5.149M.
No price changes, new or closed sales.

Hybiscus

Until next Friday, here’s hoping for sunny days! Susan Andrews, aka SanibelSusan

Summer In Full Swing on Sanibel & Captiva Islands


It’s a little overcast this afternoon on Sanibel and Captiva Islands, but as Floridians know, if we wait a minute in the summer, the sun will be out. If that is late day, it usually results in a beautiful sunset.

July 22 2015 sunset

Below are a few news items, followed by the activity posted in the Sanibel and Captiva Multiple Listing Service this week.

Progress on Sanibel’s Civic Core

During Tuesday’s City Council Meeting, the most recent Sanibel Civic Core conceptual plan, which has been in the works for over a year, was presented. The architect has been meeting with city officials and stakeholders associated with the project – i.e. BIG ARTS, Sanibel Community Association, Sanibel Historical Museum and Village, and The Center 4 Life.

The plan would consolidate the island’s most frequented facilities on a 25-acre site adjacent to City Hall. The latest version of the project layout includes a hub of five buildings – a performance hall, theater, gallery, Lifelong Learning facility, and Center 4 Life – surrounding a central courtyard with stage. It would be elevated between a large community green to the west and parking to the east, surrounded by a shared-use path and including both stairs, access ramps and public seating and gathering spaces.

Sanibel Civic Core 07-23-15

According to an article in today’s “Island Sun”, “the community green would be located to the north of a smaller green space (where the Herb Strauss Theater is currently located) and would include two pavilions and public restrooms, which would allow two events to be held simultaneously.”

69 Acres of Mangroves Protected on Captiva

Good news reported this week in the “Island Sun” about the end of long-time wrangling with developers of South Seas Plantation and those opposing the destruction of mangrove wetlands in a basin area of Captiva. This case went all the way to the “U.S. Department of Justice who defended the case on behalf of the United States in May 2014…Following months of negotiations, a final settlement has been reached and publicly filed with the court…The U.S. Government, in order to avoid further litigation expense, agreed to compensate PDL (Plantation Development LTD) in the amount of $2.4 million (plus interest and legal costs) in exchange for PDL’s agreement to transfer 69 acres, comprising the potential Harbour Pointe development site, to the United States….The property has now been transferred.

black mangroves captiva

It will be managed as part of the National Wildlife Refuge System, JN Ding Darling National Wildlife Refuge. Kudos to the Captiva Civic Association, SCCF (Sanibel-Captiva Conservation Foundation), and the Conservancy of Southwest Florida for not giving up!

Here’s Where Buyers Are Paying All-Cash

core logic logoGood article posted on Monday’s “Daily Real Estate News” online. Sourced to CoreLogic (July 16, 2015):

“While the number of all-cash transactions is dropping nationwide, a few pockets across the country are still seeing a large share of buyers paying all-cash for their home purchase.

“Nationwide, the number of all-cash sales making up transactions has plummeted since peaking in January 2011 when cash transactions made up 46.5% of total home sales nationally. Now, that percentage has dropped to 33.7% of total home sales, according to CoreLogic’s cash sales report.

“The year-over-year share of cash sales has fallen each month since January 2013. Despite the drops, cash sales still remain elevated by historical standards. Prior to the housing crisis, cash sales made up about 25% of home sales, according to CoreLogic. If cash sales continue to fall at the most recent pace, the share should hit 25% by mid-2017.

“The largest number of cash sales are through real estate-owned sales, with nearly 57% of cash sales being from REOs. Resales followed with the highest cash share at 33%, followed by short sales at 30% and newly constructed homes at 15%.

money-bag-clip-art-53457“The following states had the highest share of cash sales in April, the latest data available from CoreLogic:

  • Florida: 51.4% of transactions were from cash sales
  • Alabama: 48.5%
  • West Virginia: 48.3%
  • New York: 45.4%
  • Kentucky: 41.4%.

“By metro level, the following cities had the largest number of cash sales:

  • West Palm Beach-Boca Raton-Delray Beach, Fla.: 59.1%
  • North Port-Sarasota-Bradenton, Fla.: 58.5%
  • Cape Coral-Fort Myers, Fla.: 58.1% (SanibelSusan note: it’s much higher on Sanibel/Captiva)
  • Detroit-Dearborn-Livonia, Mich.: 58%.
  • Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.: 56.9%.

“Meanwhile, Syracuse, N.Y., had the lowest share of cash sales at 11%, according to CoreLogic.”

Sanibel Draft Budget Presented for FY 2015-16

Sanibelcityseal logoThe initial draft FY 2015-16 budget was presented to City Council this week. Council unanimously approved a proposed operating millage rate of 1.939 mills, identical to last year’s approved and adopted rolled-back rate. The first budget public hearing will be on Saturday, September 19 at 9 a.m. when they will discuss and adopt the tentative millage rate and budget. The second and final budget hearing will be on Tuesday, September 22 at 5:01 p.m.

Turtle Madness

Seaturtlehatchlings

The August-September 2015 “SCCF Member Update” received this week included statistics on sea turtle nesting, including the byline “So Far, An Amazing Season”. Here are a few more details as penned by Kelly Sloan, SCCF Sea Turtle Coordinator:

“Historically, the East End of Sanibel (Lighthouse Beach to Tarpon Bay Road) has been the lowest density nesting beach survey by SCCF’s Sea Turtle Program. An average of 38 nests per year have been laid on the East End between 1996 and 2013.

“2014 was a record year for the East End, with 110 nests laid on the five-mile stretch of beach. This year, in mid-June, the East End had already documented 70 nests. Loggerheads (Caretta caretta) typically nest from May-August, so we anticipate many more to come!

“Mid-season nest counts also suggest that the West End and Captiva are on track for an above-average nesting season.

“We are also excited to report that green sea turtles (Chelonia mydas) have returned to nest on our beaches in 2015. You may remember that a record 23 green nests were laid on Sanibel and Captiva in 2013. Sea turtles nest at intervals of about every two years, so another pulse of green nests in 2015 coincides with their biennial nesting pattern.

“But it gets even better – early in the 2015 nesting season, a leatherback (Dermochelys corriacea) nest was laid on Sanibel! Leatherbacks do not commonly nest on the west coast of Florida. The largest nesting population for Atlantic loggerheads is French Guiana, and there are also nesting colonies in the Caribbean and the east coast of Florida. The only other leatherback nest documented on Sanibel was laid in 2009.

“Leatherbacks are the largest species of sea turtle, weighting up to 2,000 pounds. They can dive deeper than any other sea turtle (up to 3,900 feet) and they migrate extreme distances. We are thrilled to have the opportunity to protect a nest laid by this remarkable species!

“Throughout the nesting season, volunteers and staff have been screening nests to protect the eggs from predation by coyotes. As we enter the hatching season, the City of Sanibel and SCCF will partner to promote the “lights out” message in an effort to reduce hatchling disorientation. A grant award from the Sea Turtle Conservancy, funded by the specialty sea turtle license plate (SanibelSusan has one of those), has provided support for educational materials to remind beachgoers and beachfront property owners…Stay tuned for the final nesting and hatching statistics. You can find the current nesting stats at seaturtle.org, accessible from the sea turtle pages at www.scc.org .”

Sanibel & Captiva Multiple Listing Service Activity July 17-24

Sanibel

CONDOS

2 new listings: Sanibel Arms #B7 1/1 $334,999; Sundial #J402 1/1 $465K.

3 price changes: Captains Walk #F7 2/1.5 now $310K, Sanibel Moorings #1512 2/2 now $475K, White Caps #5 1/1 now $535K.

3 new sales: Captains Walk #C7 1/1 listed at $229.9K, Nutmeg Village #209 2/2 listed at $720K, Pointe Santo #B46 2/2 listed for $825K.

No closed sales.

HOMES

2 new listings: 1410 Causey Ct 3/2 $729K, 734 Sand Dollar Dr 3/3.5 $1.195M.

No price changes.

1 new sale: 2915 Wulfert Rd 5/6.5 listed at $2.898M.

6 closed sales: 778 Cardium St 3/3 $435K, 1599 Sand Castle Rd 3/2.5 half-duplex $475K, 1586 Century Ct $610K, 489 Lake Murex Cir 4/2 $860K, 5402 Osprey Ct 4/3 $950K, 1204 Isabel Dr 3/3.5 $3.65M.

LOTS

Nothing to report.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Lands End Village #1660 3/3 listed at $1.535M.

1 closed sale: Marina Villas #706 2/2 $588K.

HOMES

No new listings.

1 price change: 953 South Seas Plantation Rd 5/5.5 now $6.299M.

No new sales.

3 closed sales: 11537 Andy Rosse Ln 4/4 $2.15M, 1131 Longifolia Ct 4/4 $3.075M, 1121 Schefflera Ct 4/4.5 $3.94M.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

sun & rainUntil next Friday, raindrops or sunny, have a great weekend!

Susan Andrews, aka SanibelSusan

Mid-July Happenings on Sanibel & Captiva Islands


HybiscusIt was a week of reverse summer weather on the islands, mostly hot days but with daily showers in the mornings, rather than late afternoon. The only exception was yesterday when we had rain “off and on” pretty much all day. A similar summer forecast continues with humid 90-degree days, more showers, and high 70’s at night expected for the next week. The good news is the island is green and “blooming”.

Although the island is not as busy this week as during the two weeks either side of the July 4th holiday, our listings had more showings and our Multiple Listing Service reported a couple of sales. The activity posted in the Sanibel & Captiva Islands MLS follows a couple of news items below, including a report about our July Association of Realtors® Membership Meeting.

SanibelSusan Realty Happenings

SanibelSusan Realty from Periwinkle WayThe SanibelSusan Team is busy finishing the annual update of our database. Since most of the “season” sales now are closed, we soon will be printing and mailing our island inventory list booklet.

This booklet is organized by island (Sanibel and Captiva), property type (condo, home, lot), and community or subdivision. It includes details on current inventory, as well as recent sales – good info whether you want to protect your investment, learn about the market, or if you are thinking of buying or selling. If you are not on our mailing list, but want to be, just give us a call or send us an email.

Though the last few weeks have been unusually slow, island inventory is low. Back in 2004, though that August was the month of several hurricanes, it also was one of my highest production months. Sometimes island real estate activity is driven by different outside elements including early fall weather somewhere or island-lovers remembering how the weather was back in their hometown the previous winter. Sales will pick up again so if you want to be up-to-date on the real estate happenings here, contact us now for your no-obligation copy of the booklet.

Sanibel & Captiva Islands Association of Realtors®

SanCapAssnLogo2015 Nominating Committee – Monday had me finishing up my obligations on the local 2015 Association of Realtors® Nominating Committee. We interviewed several applicants for two upcoming board vacancies and have submitted recommendations for officers and candidates to the current Board of Directors. Election will be at our October annual meeting.

July Membership Meeting – During the professional development portion of the July membership meeting yesterday were two speakers:

  • SCCF logoJenny Evans, SCCF (Sanibel-Captiva Conservation Foundation) Native Plant Nursery Manager, updated us on the progress at the 28+acre Bailey Homestead Preserve property which SCCF acquired in 2011. She knew we have been wondering when it will open and what has been going on there. That is the parcel across the street from the Donax Street/Periwinkle Way intersection. The back 19 acres of the property, which go as far back as The Dunes subdivision, will be undeveloped for wildlife habitat, while the front 9 acres bordering Periwinkle and where the old homestead sits, will be open by this fall (they hope). This is where drivers-by have observed plenty of activity over the last few years.
  • SCCF native Plant nurseryJenny said that much of the land was covered with invasive exotics – not so much Brazilian pepper which has been mostly removed thanks to the island-wide City Brazilian Pepper Eradication Program enacted in 1996. But, rather, covered with what she called secondary exotics which had choked out the native vegetation and the resulting wildlife habitat. So, their focus has been on removing invasives, repairing the old homestead structure itself (thanks to the Sanibel Hammerhead carpenters), building a new rest room (was interesting that SCCF had the same permitting problems that others experience here when trying to improve older non-conforming structures), preparing the parking areas, and building/planting around a large pond. The Native Plant Nursery will eventually be completely moved to this location with their new site plan providing for a variety of sample garden areas followed by the plants for sale. There also will be an open pavilion for classes and presentations. Although the Bailey home will be open for viewing too, the focus of the preserve will be conservation.
  • Pond-Apple-Park-071614_largeEntrance to the property will be shared and is where Pond Apple Park parking area is. The interior Homestead Preserve road once inside the property runs parallel to Periwinkle Way, which is why observers have seen so much activity there. Already open is the Shipley Trail which connects two City parks, Roadside City Park on Periwinkle and Pond Apple Park/Trail which begins at the Chamber of Commerce. The trails are connected by the Starr D. Thomas Memorial Boardwalk which was built in partnership with SCCF and the City.
  • Jenny reminded our members that each new island property owner receives a free 1-year membership to SCCF. They can get a property visit from a Landscaping for Wildlife expert too, to help them join in SCCF’s mission.
  • Sanibelcityseal logoJames Evans, Sanibel’s Director of Natural Resources (& no relation to Jenny), further updated us on invasives and offered some excellent tips on what to look-out for when working with new Sanibel buyers. Unfortunately, his presentation was cut short because of time limits, so we hope to have him back again soon.

rpacRealtor® Political Action Committee – Our local Realtor® association was mentioned in the Florida Realtors® July PAC update which came out last week. Although state goals are based on a calendar year with a few months to go, it was great news to read the following:

“Another Milestone for Florida…Each year the Realtor community sets new goals and challenges for each other to surpass – 2015 is no different! This year, the Sanibel and Captiva Island Association of Realtors (SCIAR) has set a new standard by raising $41,875 for the PAC. While this may seem small to some of our larger boards around Florida it represents raising 1193% of their goal AND 100% participation of SCIAR membership; this is a first in Florida and potentially a first for the REALTOR community nationwide.

Congratulations to SCIAR on their success in 2015!”

Our Sanibel/Captiva Association believes in this PAC because we have seen direct results. Our contributions support cleaning waterways, beach renourishment, competitive and affordable flood insurance, protecting the environment, protecting against ordinances harmful to real estate, and electing Realtor®-friendly legislators who protect property rights.

LCEC Reduces Rates Again

Lcec logoLCEC should put me on their payroll since I mention them so often, and it is always positive news. Here’s the latest from their July “News”.

“During the summer, electric costs can sometimes rise due to high temperatures and increased use of air conditioning. But for the second time this year, LCEC customers will see their bills going down thanks to a rate decrease that will go into effect July 1. LCEC is passing on savings from a reduction in the cost of power, resulting from a 2.1% rate decrease for residential customers. LCEC rates are the lowest amount electric cooperatives in Florida. LCEC rates fall 11.6% below the state average of all utilities.

“This is LCEC’s third rate reduction in the past 18 months. Last year, customers saw a reduction and earlier this year rates were reduced again. LCEC has not raised rates in the last seven years. We are committed to providing excellent service and continuing to maintain and upgrade the electric system while managing costs.”

Mayor Ruane Joins in Announcing Water Projects

Ruane & scottAs reported in the “Santiva Chronicle” yesterday:

“Sanibel Mayor Kevin Ruane joined Gov. Rick Scott in Bokeelia on Tuesday, July 14, to announce the funding of eight local projects within the Caloosahatchee watershed aimed at protecting and improving local water resources.

“Attending the announcement at the invitation of Gov. Scott, Ruane took note that watershed runoff accounts for more than 50% of the water volume that we receive annually and therefore is one of our greatest challenges to restoring the quality flows to the Caloosahatchee Estuary.

““Our unprecedented collaborative efforts on all working together, State, local and regional governments has resulted in the funding of these important projects.” The $1.7 million in funding from the State of Florida for these projects will require a dollar to dollar match from Lee County.”

Sanibel & Captiva Multiple Listing Service Activity July 10-17

Sanibel

CONDOS

No new listings.

3 price changes: Tennisplace E31 2/1.5 now $359K, White Caps South #5 1/1 now $525K, Heron at The Sanctuary II #1B 2/2.5 now $650K.

1 new sale: Tennisplace #D31 1/1 listed for $239K.

2 closed sales: Seascape #201 3/3 $1.705M, Seascape #205 3/3 $1.705M.

HOMES

2 new listings: 760 Windlass Way 3/2 $1.089M, 1083 Bird Ln 4/3 $3.795M.

2 price changes: 1806 Ibis Ln 3/2 now $450K, 1525 San Carlos Bay Dr 3/2 now $1.675M.

5 new sales: 976 Sand Castle Rd 3/3 half-duplex listed for $495K, 499 Leather Fern Pl 3/2 listed for $625K, 554 East Rocks Dr 3/2 listed for $699K, 1291 Sand Castle Rd 5/3.5 listed for $779K, 657 Birdie View Pt 3/3 listed for $999K.

No closed sales.

LOTS

No new listings.

1 price change: 0 Sabal Sands Rd now $329K.

1 new sale: 1815 Ardsley Way listed for $197,555.

No closed sales.

Captiva

CONDOS

No new listings, price changes, or new sales.

1 closed sale: Lands End Village #161 3/3 $1.85M.

HOMES

No new listings or price changes.

1 new sale: 11516 Andy Rosse Ln 6/6 listed for $2.349M.

1 closed sale: 16428 Captiva Dr 7/8/2 $8.6M.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

cute-umbrella-clipart-Umbrella-Clip-art-17Until next week, keep the umbrella handy – or just wait a minute – that’s about how long it takes for the summer weather to change here on the islands!

Susan Andrews, aka SanibelSusan

Summertime Real Estate Report from Sanibel & Captiva Islands


It’s SanibelSusan reporting the third week of “summer quiet” in the Sanibel and Captiva Islands real estate business. I have heard some interesting behind-the-scenes comments about how things have changed here this year. There definitely is a change in occupancy with accommodations mostly at capacity and the island busy, just busy having fun and not viewing or buying or listing real estate.

This week the “Periwinkle Way late-day traffic jam” reappeared. That usually is only during the winter months from about 3 to 7 p.m. when the islands are full and day workers are leaving. It is when traffic gets backed up at the 4-way stop. Typical late afternoon summer showers may have contributed to this extra summer traffic with more visitors on the road once the sun disappears.

The July 4th festivities last weekend were well attended, with a big turn-out at SanibelSusan Realty for the parade. Here are a few photos, some taken by my cell phone, but the good ones are credited to our pal, Scott Shew, who always is great about sharing his pictures. Thank you, Scott.

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As the week progressed, Scott shared a few more photos. These two at Ding Darling he said were taken when the no see-ums were out in full force so the bird in the second one might be dunking to avoid them.

SZ6A0394

SZ6A0404

Below are a few news items followed by the action posted in the Sanibel and Captiva Multiple Listing Service over the last seven days, there wasn’t much!

Heat Wave Sweeps Through Housing Market

realtor.comFrom Realtor®Mag’s “DAILY REAL ESTATE NEWS”:

“The housing market is getting hotter this summer, according to a preliminary analysis of June data from realtor.com®. The median list price nationwide in June rose 7% year-over-year, reaching $233,000. The median days on the market is 66 days, also down 7% year-over-year. Also, inventories are growing faster – 4% higher in June over May, but still down over last year. (That’s the case nationally, but not on Sanibel and Captiva where inventory is very low.)

“”Our early read of real estate trends in June suggests good news ahead for the U.S. residential real estate market, especially in the hottest markets with healthy growth in supply,” says Jonathan Smoke, realtor.com® Chief Economist. Traffic and searches on realtor.com® continued to set new highs in June. Unique users for June are now on pace for at least a 40% growth year-over-year and visits and searches at realtor.com® are expected to surge more than 50% and 30%, respectively, Smoke says.”

Economists Pinpoint Inventory Shortage Causes

wall street journalAs follow-up to the last article, this one based on The Wall Street Journal, June 26, has some answers:

“Inventories of homes for-sale remain low due to home owners staying put and homebuilders still keeping supplies tight, economists said during a panel discussion at the National Association of Real Estate Editors’ annual conference.

“Homes listed for resale in May were at a 5.1-month supply at the current sales pace. Most economists consider a supply of six to seven months to be balanced and healthy for the market.

NAR gray-logo“Economists at the National Association of Real Estate Editors’ annual conference pointed to several factors that are preventing sellers from putting their homes up for sale. Lawrence Yun, chief economist of the National Association of REALTORS®, blamed the bulk of the inventory shortage on the lack of new construction. “We will still have an inventory shortage if builders won’t build,” Yun said. “It is just simple math.”

“Other economists during the panel also said the persistent lack of equity four years into the housing recovery for a large number of home owners continues to prevent many would-be sellers. About 5 million homes in the U.S. — or 10% — are underwater, valued at less than the mortgage.

“Also, some home owners may be reluctant to sell partly because they refinanced in recent years at interest rates of less than 4% and they don’t want to give up those low rates, says Frank Nothaft, CoreLogic’s Chief Economist.

“The economists also noted a significant increase in single-family homes being offered for rent that have dented the overall supply of homes for-sale too. Nothaft estimates that since the downturn investors have purchased 3 million single-family homes and converted them into rentals.

“Other economists at the session also noted that stringent mortgage standards, prohibitive land costs, and limited lending to small builders was also prompting a lower supply of homes for sale.”

Study: Biggest Opportunities in Boomer Market

We aren’t giving up on those baby boomers just yet. They definitely are the largest market segment on the islands. Here’s what “DAILY REAL ESTATE NEWS” said about them last Wednesday:

House canary logo“Though the real estate industry has made it a mission to bring Millennials into home ownership in recent years, a new study by research firm HouseCanary suggests we not ignore an inconvenient truth: Baby boomers have the buying power.

“The study raises questions about how wise it is to focus on Millennial buyers, given their economic limitations. If interest rates — which are expected to keep ticking up this year — were to increase to 6%, more than one in three Millennials would no longer be able to afford a home at their current prices, HouseCanary found. Millennials are carrying high debt with limited savings, and their career growth has been slow.

But baby boomers have fueled the housing market for decades as the biggest drivers of growth in the entry-level market in the 1970s and ’80s, as well as the move-up market in the ’90s and 2000s. Boomers aren’t slowing down: They’re expected to continue to drive household growth over the next 20 years “due to significant wealth and high home ownership rates,” according to HouseCanary. Over the past year alone, baby boomers accounted for 244% of household growth annually.

“”The vast imbalances in wealth and home ownership among baby boomers and Millennials are resulting in wide disparities in the demand for home buying versus renting,” says HouseCanary President JP Ackerman. “Our analysis indicates that rising interest rates and home prices will exacerbate the situation, as the Millennials’ ability to purchase homes will be severely jeopardized as monthly payments get further out of reach.”

“HouseCanary CEO Jeremy Sicklick says his company’s research indicates greater opportunity for developers to target the aging population with for-sale inventory while targeting the younger generation for-rent inventory.”

New Fire Station on Captiva

new-Captiva fire stationThe grand opening of the new fire station on Captiva is scheduled for Sat, July 18, from 10 a.m. until noon. The public is invited. It also is the 60th anniversary of the creation of the Captiva Island Fire District. During that time, it has transformed from a volunteer bucket brigade to a squad of highly-trained professionals with equipment for not just fighting fires but also for advanced life support. Congratulations!  www.CaptivaFire.com

Sanibel & Captiva Multiple Listing Service Activity July 3-10

Sanibel

CONDOS

3 new listings: Tennisplace #D31 1/1 $239K, Heron at The Sanctuary III #1B 3/2.5 $650K, Nutmeg Village #309 2/2 $799K.

No price changes.

1 new sale: Colonnades #15 1/1 listed for $225K.

3 closed sales: Sunset South #2D 2/2 $500K, Breakers West #C2 2/2 $522.5K, Nutmeg Village #214 2/2 $920K.

HOMES

2 new listings: 976 Sand Castle Rd 3/3 half-duplex $495K, 3402 West Gulf Dr 3/2 $2.2M.

No price changes.

1 new sale: 1774 Bunting Ln 3/2 listed for $539K.

1 closed sale: 1325 Par View Dr 3/2.5 $695K.

LOTS

No new listings or price changes.

1 new sale: 2460 Library Way listed for $324.9K.

No closed sales.

Captiva

CONDOS

2 new listings: Bayside Villas #5144 1/2 $299.9K, Ventura Captiva #1B 2/2 $1.35M.

1 price change: Bayside Villas #5310 3/3 now $585K.

No new or closed sales.

HOMES

No new listings.

2 new sales: 16785 Captiva Dr 3/3.5 listed for $1.395M, 1105 Tallow Tree Ct 3/3 half-duplex 3/3 listed for $2.0449M.

1 closed sale: 16512 Captiva Dr 7/5.5 $6.525M.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Good weekend wishes to all. Little rain is expected here over the next few days, so no traffic jams expected! Here’s hoping the sunsets are as beautiful as this one. (Thanks, Melissa!)

Melissa Sunset 07-09-15

Cheers! Susan Andrews (aka SanibelSusan)

Happy Birthday, America! From Sanibel & Captiva Islands


Lots of families are vacationing on Sanibel and Captiva Islands this week, but not much real estate action. The market here continues to improve, albeit it slowly now that most of the “in season” sales have closed and not many buyers are in town. Below is a sampling of the statistics today compared to prior year sales.

Only 263 properties currently are available for sale on Sanibel; 397 sold last year. Considering those under contract too, there are 350 Sanibel sales already this year, a record number with only half the year over. Once those snowbirds get back, this might turn into a banner year!

Before a report of the activity posted over the last seven days in the Sanibel and Captiva Islands Multiple Listing Service, here is some other summer, holiday, and real estate news.

Celebrating July 4th on Sanibel

Here for the 4th? The City website www.MySanibel.com posted the following special event permits:

  • 7 – 9 a.m. – Pancake Breakfast, Sanibel Community Church, 1740 Periwinkle Way, info (239) 472-2684
  • 9:30 a.m. – Independence Day Parade – “For the Fun of It” – Parade begins at Tarpon Bay Rd on Periwinkle Way to Casa Ybel Rd, info (239) 246-2981 (Good watching from SanibelSusan Realty if you are in the neighborhood.)
  • 10:30 a.m. Boy Scouts Independence Day Celebration (after parade), Jerry’s Shopping Center, 1700 Periwinkle Way, water slide, food, & refreshments; info (239) 472-9300
  • 12 noon – San-Cap Optimist Club’s 36th Annual Road Rally, Timbers Restaurant, 703 Tarpon Bay Rd, info (239) 472-0836
  • 9:00 p.m. – Fireworks Display (rain or shine) – Sanibel & Captiva Islands’ Chamber of Commerce is sponsoring this year. Fireworks will be launched from the north end terminus of Bailey Rd. Best viewing from Sanibel Causeway Islands and bay side of the island.
  • Holiday Sidewalk Sales – The following retailers and shopping centers obtained annual Retail Holiday Sidewalk Sales permits, so may be holding special sidewalk sales over the holiday:
  • Sanibel Square, 2200-2250 Periwinkle Way
  • Olde Sanibel Shoppes, 630 Tarpon Bay Road
  • Tahitian Gardens Shopping Center, 1975-2019 Periwinkle Way
  • The Village Shops, 2340 Periwinkle Way
  • Periwinkle Place Shopping Center, 2075 Periwinkle Way
  • Gene’s Books, 2365 Periwinkle Way
  • Palm Ridge Plaza, 2330 Palm Ridge Road #1
  • Ickle Pickle, 2427 Periwinkle Way
  • Bailey’s Center, 2477 Periwinkle Way

Weather Service Again Recognizes Sanibel as Storm Ready

2000px-US-NationalWeatherService-Logo_svgHere on the islands we don’t like to use the “h” word, but we also know it’s best to be prepared for those events. Posted on Monday on the “Santiva Chronicle” on-line”:

“The City of Sanibel has again been recognized by the National Weather Service as a “Storm Ready” community. This special recognition was first achieved in June 2009 and the City of Sanibel was the 8th community of the 410 Florida municipalities to be recognized as Storm Ready. Today, only 22 communities in Florida have received this designation.

“It is the goal of the National Weather Service to use the program to prepare communities for all dangerous weather. Storm Ready communities are better prepared to save lives from the onslaught of hazardous weather through advanced planning, education and awareness.  Click here to see the notice received from the National Weather Service.

“”It is important to remember that this designation does not render us storm proof, but as a barrier Island in the sub-tropics it is important we prepare collectively for the worst Mother Nature can send us. There is no substitution for preparation and planning,” stated City Manager Judie Zimomra upon receiving notice of the designation.

“The City of Sanibel’s 2015 Hurricane Seminar can be viewed by clicking here.

Turn Out the Lights! Sea Turtles Starting to Hatch

Jewel JensenA great a photo posted on-line by Florida Atlantic University researcher Jake Lasala of Sanibel homeowner and SCCF Turtle Patrol volunteer, Jewel Jensen. It shows her checking a green sea turtle nest. Jewel and her hubby bought one of our listings a couple of years ago. Here’s the turtle news that was posted on the “Santiva-Chronicle” on Tuesday.

“Turn out the lights! It’s not because the party is over. It’s because the party is in full swing.

“The Sanibel-Captiva Conservation Foundation reports that three of the reported 417 sea turtle nests on Sanibel and Captiva have hatched and in two of those nests hatchlings were disoriented by light and didn’t head into the Gulf of Mexico.

SCCF logo““Please observe Lights Out For Sea Turtles!” SCCF said in its weekly sea turtle report issued Monday, June 29, for the period ending Friday, June 26. “Three nests hatched last week but hatchlings from two of the three nests were disoriented.  Please shield lights on the beach; hatchlings head to the lightest horizon (which is normally the water).”

“The rest of SCCF’s report is good news. SCCF breaks down turtle nesting into three zones and all three showed healthy nesting activity in the past week for a total of 417 nests and false crawls approaching 1,000 for the season at 994. Here is the breakdown for the June 26 report, with the previous week’s statistics in parentheses:

  • Sanibel East: 82 (71) nests, 216 (176) false crawls
  • Sanibel West: 247 (193) nests, 617 (458) false crawls
  • Captiva: 88 (71) nests, 161 (110) false crawls
  • TOTAL:  417 (335) nests, 994 (744) false crawls

“Last year produced 535 nests, tied for second best since 1996 and just two off the record 537 recorded in 2000.

“SCCF also reports that 12 green sea turtle nests have been discovered, with 11 of them on Sanibel West and one on Captiva.

“SCCF continues to cover as many nests as possible to prevent raids by coyotes.”

The “Sanibel Plan” Now Available Electronically

Sanibelcityseal logoIf was great to read this news release on Tuesday from the City Planning Department:

The City of Sanibel’s Comprehensive Land Use Plan, also known as the “Sanibel Plan,” is now available electronically in its entirety on the City of Sanibel webpage at www.mysanibel.com . To access the Sanibel Plan Click here.

“The original Sanibel Plan was adopted in 1976. The plan was amended and extensively revised in 1985, 1989, 1997 and 2007. In 2007, the American Planning Association recognized the Sanibel Plan with the National Planning Landmark Award.

“In 2013, the Evaluation and Appraisal Report (EAR) for the Sanibel Plan was completed and adopted. This report concluded that the Plan is consistent with all State requirements including changes made to State Statutes contained in the Community Planning Act of 2011. In 2013, the State of Florida Department of Economic Opportunity, Division of Community Development, issued a finding that the Sanibel Plan, as adopted by City of Sanibel Ordinance 12-010, is in compliance with Section 163.3184(4) of Florida Statutes.

Questions regarding the Sanibel Plan should be directed to City of Sanibel Planning Director James Jordan at jimmy.jordan@mysanibel.com or 239-472-4136.”

The second volume of the plan includes what is called the “Future Land Use Map Series”. Realtors often refer to several of these maps, so it is great news to find that they are now handy on-line. The maps include: Ecological Zone Maps (remember, Sanibel’s different zones allow different development and coverage), Commercial Zoning Map, Resort Housing District Map (showing areas where short-term rentals are allowed), Wetlands Conservation Lane Maps, Environmentally Sensitive Lands Conservation District Map, and Development Intensity Maps. All good stuff. Thank you, Sanibel, for making these so easily available.

Sanibel & Captiva Multiple Listing Service Activity June 26-July 3

Sanibel

CONDOS

3 new listings: Colonnades #51 1/1 $219K, Sanibel Arms #B1 2/2 $525K, Sundial #E205 2/2 $859K.

5 new sales: Colonnades #51 1/1 listed for $219K, Spanish Cay #F2 1/1 listed for $250K (our listing & sale), Captains Walk #F3 2/1.5 listed for $289.9K, Sundial #H302 2/2 listed for $599K, Sanibel Sunset #202 3/2 listed for $1.745M.

At Spanish Cay

At Spanish Cay

2 closed sales: Seashells #27 2/2 $315,375, Pelicans Roost #101 2/2 $745K (our sale).

 

HOMES

3 new listings: 499 Leather Fern Pl 3/2 $625K, 1148 Shell Basket Ln 4/2 $699K, 3728 West Gulf Dr 5/5 $1.995M.

1 price change: 1806 Ibis Ln 3/2 now $465K.

1 new sale: 4636 Buck Key Rd 2/2 listed for $419K.

9 closed sales: 2407 Shop Rd 2/1 $272.5K, 982 Main St 3/2.5 $420K, 4515 Bowen Bayou Rd 3/2 $540K, 2220 Camino del Mar 3/3 $570K, 4241 Old Banyan Way 3/2 $660K, 1136 Golden Olive Ct 4/4.5 $2.35M, 4203 Dingman Dr 4/3 $2.8M, 2980 Wulfert Dr 4/6.5 $2.8M, 4525 Waters Edge Ln 3/2.5K, $3.725M.

LOTS

1 new listing: 2400 Blue Crab Ct $309K.

No price changes, new or closed sales.

Captiva

CONDOS

1 new listing: 3117 Tennis Villas 1/1 $244K.

1 price change: 3131 Tennis Villas 2/2 now $415K.

1 new sale: Beach Homes #30 3/2 listed for $2.195M.

No closed sales.

HOMES

No new listings or sales.

2 price changes: 11490 Old Lodge Ln 3/3.5 now $1.329M, 11521 Laika Ln 3/3 now $1.395M.

1 closed sale: 11513 Wightman Ln 5/5 $1.64M

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions

Best wishes from Susan & The SanibelSusan Team for a safe & happy 4th!

2003 BonneParade

From Biking to the Economy to Events & Investment – Sanibel Island Is Top-Notch!


It’s SanibelSusan again reporting that it was another quiet week in the island real estate world. Not as quiet as it likely will get in late August until about mid-October when the island typically is at its lowest occupancy, but quiet just the same. We are thinking forward to the July 4th holiday and hopefully the visitors arriving this weekend and next. Mostly vacationing families are in town now, not many listings are getting shown or new sales reported. But, our phones rang with some unusual requests this week which were reminders that it takes time for real estate news to trickle down to the general public. That news is that island inventory is low, both for sale and for rent.

Before a couple of news items, followed by the action posted in the Sanibel and Captiva Islands Multiple Listing Services over the past seven days, here are some photos shared by client friends who know that I am always looking to share pictures of the islands. These first two were taken by Scott Shew and overlook Pine Island Sound. Though snapped just minutes apart, they show what a wonderful light show sunsets bring and how quickly the colors change.

SZ6A9855

SZ6A9883This next photo came from Susanna and Yves-Pascal Salzedo and was taken during their last visit when they were fishing in Ding Darling. These osprey may have been on the outlook for fish too!

Yves Osprey

Florida’s Sanibel Island Shared-Use Paths

Photo from RailsNTrails 6/15/15

Photo from RailsNTrails 6/15/15

Kudo’s to Sanibel City Manager, Judie Zimomra and all involved for another great posting about the island on June 15. Articles like this only make our area more desirable.

Sanibel’s Shared Use Path System is featured as the “Trail of the Month” on the Rails-to-Trails Conservancy site. The article mentions the street where I live too!

“Trail of the Month: June 2015 – “It’s truly part of our transportation network.”

Bike Trail on Middle Gulf Dr

Bike Trail on Middle Gulf Dr

“Sun, sea, and sandy beaches: Florida’s Sanibel Island is a summer sanctuary. Better yet, the island’s extensive shared-use path system—totaling 24 paved miles—provides access to it all: beaches, a wildlife refuge and rehabilitation center, a historical lighthouse and village, a renowned seashell museum, restaurants, shops and just about everything else in this laid-back community on the Gulf Coast. It’s the type of place where nary a building stands taller than a palm tree, and many of the streets are named after types of shells or mariner terms like Anchor Drive and Captains Walk.

“I call it Mayberry by the Sea,” says Tom Sharbaugh of the idyllic City of Sanibel, which encompasses the entire island. “The focus is on the beach; it’s on nature; it’s on riding a bike, so a lot of families come here. And, if you live here, you never have to get in your car. You can cycle every place you want to go.”

Sanibel Bicycle Club marching in the July 4, 2012 parade

Sanibel Bicycle Club marching in the July 4, 2012 parade

“Sharbaugh is an active member of the Sanibel Bicycle Club, which began two decades ago for social and recreational get-togethers and has evolved into an advocacy group for the trail and cycling. Recently, the club launched a well-received educational video to help both tourists and locals bike on the island safely.

““A ton of people come for vacation, and a lot of them live in places that aren’t so cycling friendly,” says Sharbaugh, noting that the peak tourist season typically runs from mid-January to late spring. “So it’s a big attraction for them to come here and rent bikes and get out on the trail. We have grandmas and grandpas and kids of all ages, so there’s a range of skillsets on the trail.”

“Just this year, FamilyFun magazine ranked Sanibel as the number one tourist town for families in the country. But this is no Disney World. Nature takes center stage in this corner of Florida, and the island’s J.N. Ding Darling National Wildlife Refuge—perhaps second only to its beaches—is a main attraction. The massive refuge, sprawling over 6,400 acres, is part of the largest undeveloped mangrove ecosystem in the United States and offers unparalleled opportunities for viewing wildlife, including alligators, bobcats, river otters, turtles and more than 245 species of birds. The paved pathway leads to its doorstep, and then visitors can bike through the refuge with an on-road route, or opt for a hike or explorations by kayak or canoe.

““We’re an extremely environmentally conscious community,” says Judie Zimomra, Sanibel’s city manager. “Nearly 70% of the island is set aside in perpetuity for environmental conservation.”

Billy's-logo-bikes“Salli Kirkland, who co-owns an island bike shop called Billy’s Rentals with her husband, agrees. “The city wrote up a plan to keep development to a minimum. There are no bright lights here, no neon. We don’t even have traffic lights. You can see the stars at night.” The Kirklands started their bike rental shop just off the bike path 15 years ago, and Salli says business has continued to grow every year. “Because it’s an island, the roads can get congested,” she says. “You can actually get to places faster by bike, and almost every business has bike racks.”

The vision for the island’s pathways dates back to 1972, when four local housewives sought to create a way for their children to get to and from elementary school safely. A lack of sidewalks, coupled with narrow roads with no bike lanes or shoulders, made getting around by bike or foot nearly impossible. Together, Grace Whitehead, Mariel Goss, Sherry Vartdal and Starr Thomas formed the Sanibel Bike Path Committee and fundraised for the development of a new bike path. In 1976, thanks to their efforts, the first 2.5-mile section of the bike path was built along Periwinkle Way, the island’s main street.

sanibelmapbike“Today, biking or walking to school, work or for other errands is safe, convenient and—due to the island’s flatness—very easy. In 2014, the city was designated a bike-friendly community at the Silver Level by the League of American Bicyclists, a feat matched only by three other (much larger) Florida communities.

“Zimomra notes that the city is continually improving and expanding on the network—investing more than $1.1 million into the path system since 2007—making it possible to now get from one end of the 12-mile island to the other entirely by bike. Numerous unpaved spurs also branch off its main paved spine to link to parks and other attractions; a new connection to popular Bowman’s Beach will begin construction this year. “It’s truly part of our transportation network,” says Zimomra.

12 Metros with Fastest-Growing Economies

bloomberg businessweekGood news about Florida on Bloomberg last week and repeated on Tuesday in “DAILY REAL ESTATE NEWS”

florida“Florida is emerging as the new leader for economic growth, fueled by baby boomers and retirement communities. Oil towns had dominated in recent years but as the energy boom fades, growth has been tapering off. Instead, Naples, Fla., emerged as the leader on a list of metro areas that are expected to see the most economic growth next year, according to a new report from the U.S. Conference of Mayors, prepared by IHS Global Insight. Naples is expected to see its economy grow 4.9% in 2016. Metro areas in Florida made up half of the top 19 economic performers. For example, The Villages, a senior community, ranked third and has been the fastest-growing city by population for two consecutive years.

“Here’s a list of the metros expected to see the most economic growth in 2016:

Naples – Immokalee – Marco Island, Fla.: 4.9%

Sebring, Fla.: 4.8%

The Villages: 4.7%

Cape Coral – Fort Myers, Fla.: 4.5%

Austin-Round Rock, Texas: 4.4%

Raleigh, N.C.: 4.3%

Ocala, Fla.: 4.2%

Fayetteville – Springdale-Rogers: 4.2%

Dallas-Fort Worth – Arlington: 4.1%

San Jose-Sunnyvale-Santa Clara, Calif.: 4.1%

Laredo, Texas: 4.1%

Orlando-Kissimmee-Sanford, Fla.: 4.1%”

Foreign Buyers Spend More on U.S. Real Estate

realtor logoA few more interesting statistics in Realtor®Mag on-line June 18. That “DAILY REAL ESTATE NEWS” article says:

Fewer international buyers are flocking to the U.S. to purchase real estate, but those who are, tend to spend more on their home purchases. The total sales dollar volume from international home buyers climbed 13% this year compared to last year – at a time when the total unit sales from international home buyers decreased, according to the National Association of REALTORS®’ 2015 Profile of Home Buying Activity of International Clients.

“From April 2014 through March 2015, total international sales were estimated at $104 billion, trumping last year’s $92.2 billion. This represents 8% of the total existing-home sales dollar volume, according to NAR’s report. “In 2014, sales transaction to buyers outside of the U.S. dropped 10%, possibly due to the strengthening of the U.S. dollar in relation to international currencies and weakening foreign economies,” says NAR Chief Economist Lawrence Yun. “However, the amount of money spent has increased; this means international purchasers in the U.S. have become an upscale group of buyers, spending more money on fewer homes.”

“Last year, five countries alone accounted for 51% of all purchases by international buyers: China, Canada, Mexico, India, and the United Kingdom. Buyers from China exceeded all other countries in terms of their appetite for U.S. real estate, purchasing an estimated $28.6 billion worth of U.S. property, according to NAR’s report. Canada buyers followed with $11.2 billion in purchases and then India at $7.9 billion; Mexico with $4.9 billion; and the United Kingdom at $3.8 billion.

“International buyers tended to spend more on their home purchases than the average U.S. home buyer. International buyers spent, on average, $499,600 on their home purchases compared to the overall U.S. average home price of $255,600. Chinese buyers were found to most often spend the most, with an average price of $831,800 on their U.S. home purchases.

“More REALTORS® are reporting working with international clients, up from 28% in 2013 to 35% in 2014. Four states accounted for half of all international sales: Florida, California, Texas, and Arizona, according to NAR’s report.”

Reading this article, reminded me to count up where SanibelSusan’s non-US buyers and sellers are from. I have not really seen much difference through the years, usually having just one or two clients each year that are from outside the country. The latest were from France and Austria, prior to that more frequent buyers (and sellers) were from the United Kingdom and Canada, with occasional business with buyers from Sweden and Switzerland.

Upcoming Events

south seas logoIn an earlier report, the traditional Sanibel July 4th events were listed from the morning parade to the noon scavenger to the fireworks at dusk. Captiva Island has a fun-filled holiday celebration planned too.

fireworks clip artSouth Seas Resort is holding its 7th Annual Hot Dog Eating Competition followed by a Red, White, & “Boom” Party featuring music, children’s activities, and food/beverage options. On Saturday, the Star Spangled Celebration includes a patriotic golf cart parade, live DJ entertainment, “Sunset Shellabration”, and fireworks display. More info at www.southseas.com.

Sanibel & Captiva Islands Association of Realtors®

SanCapAssnLogoAlthough we did not have an Association of Realtors® Caravan meeting this week, I was at the Association Office a couple of times for meetings.

On Monday, our local leadership team got an update from Dave Garrison, Florida Realtors® Vice President of Finance, Professional Development, and Internal Operations.

Florida Realtors logoAs background, 2015 marks the 99th anniversary of Florida Realtors® which began in 1916 with 68 real estate brokers from 16 Florida communities gathering in Jacksonville for the first convention. Today Florida Realtors® membership is over 140,000 and growing. Dave said the 2016 budget looks ahead to 150,000+members, probably 160K+ by 2017. Florida Realtors® has 120 paid positions, strong reserves, and a positive outlook for the future. The mission of Florida Realtors® is to advance Florida’s real estate industry by shaping public policy on real property issues; encouraging, promoting and teaching consistent standards for ethical practice and professionalism; and building on the efforts of local Boards/Associations to provide the information and tools members need to succeed. Florida Realtors is the largest trade association in the state.

Florida Realtors Headquarters, Orlando

Florida Realtors Headquarters, Orlando

The Association headquarters is in Orlando, and the legislative Office of Public Policy is in the heart of Tallahassee.

On Wednesday at the 2015 Sanibel & Captiva Islands Association of Realtors® Nominating Committee meeting, I worked with fellow past presidents on coming up with a slate of candidates for our officer and board of director election later this year.

Sanibel & Captiva Multiple Listing Service Activity June 19-26

Sanibel

CONDOS

1 new listing: Colonnades #15 1/1 $225K.

3 price changes: Sanibel Moorings #1512 2/2 now $477K, Tarpon Beach #204 2/2 now $745K, Tigua Cay #489 3/3.5 now $2.295M.

2 new sales: Captains Walk #B4 2/2 listed for $315K, Sundial #C301 1/1 listed for $315K.

5 closed sales: Dugger’s Tropical Cottages #2 1/1 $285K, Sanibel Arms #E7 1/1 $320K, Mariner Pointe #121 1/1 $332.5K, Sundial #C207 1/1 $400K, Pointe Santo #C4 1/1 $508K.

HOMES

3 new listings: 999 Sand Castle Rd 3/3 $575K, 501 Lagoon Dr 2/3 $789K, 1537 Sand Castle Rd 4/3 $829K.

1 price change: 1322 Sand Castle Rd 3/2 now $549K.

6 new sales: 1835 Ardsley Way 2/1 listed for $309K, 9439 Coventry Ct 2/2 listed for $525K, 600 East Rocks Dr 3/2 listed for $535K, 1521 Wilton Ln 3/2 listed for $549K, 963 Sand Castle Rd 3/2 listed for $599.9K, 1085 Sand Castle Rd 3/2 listed for $650K.

3 closed sales: 632 Lake Murex Cir 2/2 $435K, 2984 Island Inn Rd 3/2 $587K, 3351 Barra Cir 3/2.5 $750K.

LOTS

1 new listing: 971 Main St $199K.

No price changes.

1 new sale: 4626 Buck Key Rd listed for $188K.

2 closed sales: 9277 Beldling Dr $163K, 2133 Starfish Ln $366K.

Captiva

CONDOS

1 new listing: Marina Villas #709 2/2 $629K.

No price changes or new sales.

1 closed sale: Bayside Villas #4114 1/2 $255K.

HOMES

1 new listing: 16167 Captiva Dr 3/3 $1.795M.

No price changes or new sales.

1 closed sale: 15009 Binder Dr 4/5.5 $3.525M.

LOTS

Nothing to report

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

waving flagUntil next Friday, we’ll be digging out the July 4th decorations & looking forward to more real estate action & holiday festivities!

Almost Fathers’ Day 2015 on Sanibel & Captiva Islands


It’s SusanSusan reporting that it was another fairly quiet week on the islands – but with gorgeous weather, occasional afternoon showers, fabulous sunsets, and probably more people on the island than we typically see in mid-June. The activity posted since last Friday in the Sanibel and Captiva Islands Multiple Listing Service follows a few news items below.

sanibel-sunset

Sunset_1020

June Membership Meeting – Sanibel/Captiva Islands Association of Realtors®

SanCapAssnLogoThough it had been three long weeks since our last local Realtor® Caravan Meeting, attendance was light at our monthly breakfast meeting on Thursday.

Seacoast Cottage Company logoTwo affiliate members spoke during the professional development segment of the meeting: Art Monahan with Seacoast Cottage Company discussed the various window types and designs used on the islands. “It’s amazing”, he said “how many consumers don’t realize that the windows used in Florida are different from those in homes in northern states.” Here we want to keep the heat out. There they want to keep the heat in. The impact resistant windows required here now are tested to 170 mph, many have three layers of glass and an inner shatterproof Mylar membrane which is what keeps the elements from penetrating a home even when the glass may break.

Tradewinds logoJeff Carroll with Tradewinds Custom Homes discussed the three varieties of home exterior finishes popular in Florida because of their easier maintenance and durability (as compared to wood): vinyl siding, Hardie board, and Boral. He brought samples. Most of us recognize vinyl siding, it’s been popular for years. Hardie board, perhaps not as well know, was developed by James Hardie and is a siding made of fiber cement. Cement is combined with sand, water, and cellulose wood fibers to make a solid building material well suited for protecting building exteriors. We see a lot of Hardie board here. I hadn’t heard of Boral until Jeff’s presentation. He said that it is a relatively-new product that does not change even when submerged in water. His sample was in a jar of water and had been for two months, without compromising its integrity. Jeff said that Boral is made from fly ash and resin. He also described it as a true green product from cradle to cradle, meaning no nasty byproducts or gases are produced during its manufacturing. Sounds like a perfect material to be used on homes in hot humid Florida. In comes in a variety of shapes and sizes too, so can look like wood shakes, shingles, beadboard, and a variety of lapboards, etc.

LCEC Island Vegetation Trimming

Lcec logoLee County Electric Cooperative (LCEC) has advised the City of Sanibel that circuit crews will begin trimming vegetation on Sanibel and Captiva the week of June 22, 2015. Crews expect to be trimming vegetation for approximately three months, weather permitting.

The trimming will begin near East Gulf Drive and Bella Vista Way and proceeding through Sanibel to Sanibel-Captiva Road.  See LCEC’s map below showing where trimming will occur.

lcecmap 2015 tree trimAs part of this vegetation trimming process, LCEC crews will make efforts to contact home/business owners prior to trimming. Door hangers will be left where person-to-person contact is not possible.

Vegetation management is part of the ongoing LCEC electric system maintenance and reliability improvement plan and is critical to reducing outages and ensuring safety. Residents with questions should call LCEC directly at 239-656-2200.

F.I.S.H. Moving to New Location

FishAccording to an article in today’s “Island Sun”, F.I.S.H.’s soon-to-be-occupied new headquarters at 2430 Periwinkle Way, behind Bleu Rendez Vous French Bistro will give them more than 1,000 sq. ft. than their current location.

F.I.S.H. of Sanibel-Captiva, Inc. is a nonprofit, non-sectarian, human services organization focused on “neighbors helping neighbors” on Sanibel and Captiva islands.  From their web site “The mission of F.I.S.H. is to lend a helping hand to those in need who live, work or the islands. Their objective is to make a social investment in our community that assists our neighbors to live independently with dignity in their homes.”

Founded in 1982, F.I.S.H. operated out of volunteers’ homes until their first office in The Village Shops. They have been in their second and current location at 1630 Periwinkle Way since 2007. The move to their own building later this month will allow them to expand their walk-in center to better serve their employees, volunteers, and clients.

The “Island Sun” article reports their success by giving some statistics from last year. “In 2014, FISH impacted the lives of 1,317 households representing 1,737 individuals. Las year, 86% of its annual budget was used for client programming. This included 386 senior households which benefitted from FISH programming such as Alzheimer’s assessments, daily well-check calls and prepared meals, emergency financial assistance, health equipment loans, non-emergency medical related appointment transportation and workshops. Also during the past year, 931 households – including 192 children – benefitted from FISH programming such as adult education assistance, community resource referrals and counseling, emergency financial assistance, ESOL (English Speakers of Other Languages) instruction, notary services, VITA (Volunteer Income Tax Assistance) tax assistance, youth lunches, and scholarships.”

This wonderful hardworking organization is led by its 2015 President and CEO, Maggi Feiner, and Board Chair, John Pryor (also a fellow singer in the BIG ARTS Community Chorus & Ensemble). If you have the time or the wherewithal, please support them. They are always looking for volunteers and contributions, their web site also has a list of the food pantry needs. Today, it says canned proteins (tuna, chicken, beef), milk, juices (boxed for kids), paper towels, and toilet paper. When finishing up an island visit or prepared your hurricane box for the summer, it’s a good time to thin out your pantry and bring those non-perishable not-expired items to FISH.

Best wishes to FISH in their new location!

bleu rendez(You will be pleased to try Bleu Rendez Vous French Bistro too. I tried it a couple of weeks ago and it is divine. New décor, authentic yet reasonably-priced French menu. Open 5 to 9 p.m. Tuesdays through Saturdays. Hosts are Chef Christian and Mari Vivet. Check out their menu and be sure to make a reservation. http://www1.bluerendezvousbistro.com/)

Housing Solutions for Emerging Markets

realtor logoNo related to island real estate, but interesting info in this on-line article posted last Friday on “DAILY REAL ESTATE NEWS”:

“Housing markets all over the world are dealing with a lack of affordable housing options. In many developing markets, builders are creating innovative properties that seek to solve the growing affordable housing and urbanization issue, as well as provide shelter for at-risk populations that battle natural disasters on a regular basis.

“Floating structures, monolithic domes, and even housing made from paper are just a few of the inventive housing creations that have popped up in emerging markets in order to solve various housing crises, according to global online real estate portal Lamudi, which focuses exclusively on emerging markets.

“Here are some examples of these housing solutions:

Paper Refugee Shelters, Rwanda – After the civil war in Rwanda left more than two million people homeless, Shigeru Ban, an award-winning modernist architect, decided to use low-cost paper tubes to build shelters for those in need. This inexpensive solution helped to conserve trees and avoid deforestation, and inspired Ban to make paper shelters all over the world in areas of need.

Paper Log Housing, Philippines – Paper tubes were also a solution after Typhoon Haiyan hit the Philippines, destroying 130,000 homes in the process. Shigeru Ban Architects were able to create emergency housing that included beer crates filled with sandbags, floor panels made of coconut wood and plywood, and paper tubes as the structural frame.
Makoko Floating School, Nigeria – In Lagos, urbanization and lack of space is a big problem. To confront this issue, NLÉ designed a prototype for a floating school to be built in the water community of Makoko.

Earthquake-proof Housing, Indonesia – A devastating earthquake in 2006 inspired the partnership of Domes for the World (DTWF) and the World Association of Non-Governmental Organizations (WANGO) in building 80 monolithic domes in Indonesia. These structures are made to withstand various natural disasters and provide a secure shelter for those most as need in the area.

Ecovillage, Uganda – Earthbag construction technology was the solution for the growing environmental, economical, and social challenges in Uganda. More than three million people near Lake Victoria are at-risk for violence and natural disasters, and this earthbag ecovillage was created specifically to provide protection from bullets, fire, wind, and rain.”

Upcoming Events

Captiva-Cruises-LogoFather’s DayCaptiva Cruises is offering free travel to Dads with a paid child on June 21, Sunday. Trips to Useppa Island or Cabbage Key, dolphin/wildlife adventure cruises, half-day shelling trips, and more. Reservations needed, call 239-472-5300.

Community House logoMango Tasting at The Community House – June 24, Wednesday, 6 p.m.  The owner of FruitScapes on Pine Island will be there with ten different types of mangoes for attendees to sample. Bring your own potluck item to share with about six people. RSVP at The Community House at 2173 Periwinkle Way, 239-472-2155.

90% of Properties Now Have Equity

core logic logoMore positive recovery news was posted on-line Wednesday at “Daily Real Estate News”:

“As home prices rise, more home owners are regaining equity. During the first quarter of this year, about 254,000 properties regained equity, according to CoreLogic’s latest equity report. That now brings the total number of residential properties with a mortgage that have equity to about 44.9 million – or 90% – by the end of the first quarter.

“Five states alone accounted for 31% of negative equity in the U.S., according to the report. Those states with the highest percentage of properties with a mortgage in the negative equity position in the first quarter are: Nevada: 23.1%, Florida: 21.2%, Illinois: 16.8%, Arizona: 16.8%, Rhode Island: 15.7%.

“About 90% of home owners now have housing equity and, as a result, have experienced an increase in wealth, which can spur additional consumption and investment expenditures,” says Frank Nothaft, chief economist for CoreLogic. “The remaining 10% of owners with negative equity will find their home value rising while they continue to pay down principal on their amortizing mortgage loan.”

“The still elevated number of home owners who have negative equity remains a concern, however. The number of negative equity households stood at 5.1 million, or 10.2% of all properties with a mortgage in the first quarter of this year, according to CoreLogic’s report. That represents a slight drop from 5.4 million homes, or 10.8%, that had negative equity in the fourth quarter of 2014.

““Many home owners are emerging from the negative equity trap, which bodes well for a continued recovery in the housing market,” says Anand Nallathambi, president and CEO of CoreLogic. “With the economy improving and home owners building equity, albeit slowly, the potential exists for an increase in housing stock available for sale, which would ease the current imbalance in supply and demand. There are still about 5 million home owners who are underwater and we estimate that a further 5% appreciation in home values across the U.S. would reduce the number of owners with negative equity by about one million.”

“The following states had the highest percentage of properties in the positive equity territory by the end of the first quarter: Texas: 97.7%, Hawaii: 96.9%, Alaska: 96.8%, Montana: 96.8%, North Dakota: 96.2%.

“In general, the majority of positive equity properties are centered at the high end of the housing market, according to the report. For example, 94% of homes valued at greater than $200,000 have equity, compared with 85% of homes valued at less than $200,000.”

Sanibel & Captiva Multiple Listing Service Activity June 12-19

Sanibel

CONDOS

1 new listing: Sanibel Inn #3522 2/2 $749K.

1 price change: Sanddollar #C101 2/2 now $870K.

1 new sale: Sunset South #9C 2/2 listed for $449K (our listing).

Sunset South #9C view

Sunset South #9C view

6 closed sales: Colonnades #41 1/1 $185K, Spanish Cay #A7 1/1 $230K (our listing), Sundial #F303 2/2 $460K, Cottage Colony West #102 1/1 $611K, Sand Pointe #214 2/2 $715K, Island Beach Club #P2E $720K.

HOMES

1 new listing: 4221 Gulf Pines Dr 2/2 $589K.

6 price changes: 1024 S Yachtsman Dr 3/2 now $589.9K, 9032 Mockingbird Dr 3/2 now $598,150, 1388 Tahiti Dr 3/2 now $639K, 420 East Gulf Dr 3/3 now $698K, 2969 Wulfert Rd 6/7.5.5 now $2.15M, 1253 Anhinga Ln 4/4 now $3.7M.

7 new sales: 9106 Mockinbird Dr 2/2 listed for $499K, 1314 Tahiti Dr 2/2 listed for $525K, 1593 Sand Castle Rd 3/2.5 listed for $529K, 1521 Wilton Ln 3/2 lissted for $549K, 1409 Albatross Rd 3/2 listed for $595.9K, 1710 Sand Pebble Way 3/2 listed for $645K, 4241 Old Banyan Way 3/2 listed for $739K.

7 closed sales: 9446 Beverly Ln 3/3.5 $600K, 741 Nerita St 3/2 $625K, 1528 Angel Dr 3/2 $730K, 5076 Joewood Dr 3/2 $795K, 518 N Yachtsman 3/3 $995K, 1101 Schooner Pl 3/2.5 $1.089M, 5290 Caloosa End Ln 4/3 $1.4M.

LOTS

No new listings or price changes.

3 new sales: 9239 Dimmick Dr listed for $139K, 1429 Albatross Rd listed for $269K, 3411 West Gulf Dr listed for $3.74M.

1 closed sale: 1336 Eagle Run Dr $250K.

Captiva

CONDOS

1 new listing: 2416 Beach Villas 1/1 $535K.

No price changes.

2 new sales: Marina Villas #707 2/2 listed for $595K, Lands End #1616 3/3 listed for $1.99M.

1 closed sale: Marina Villas #902 2/2 $620K.

HOMES

1 new listing: 7 Sunset Captiva Ln 2/2.5 $2.195M.

1 price change: 11530 Paige Ct 4/5.5 now $3.79M.

1 new sale: 11516 Andy Rosse Ln 6/6 listed for $2.349M.

No closed sales.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

 fathers-day-clip-art-HappysFathersDayClipArt1024x1024PB1Happy Fathers’ Day weekend!

Summer Rain in the Neighborhoods on Sanibel & Captiva Islands


It was another fairly quiet week on Sanibel with late-day summer rains continuing and not much real estate action over the last seven days. Just had the electricity in the office go on and off multiple times as I was trying to post this blog. Those folks who scooted out early on a Friday afternoon had the right idea as a huge rain is dousing Southwest Florida now (4 p.m.).

In the real estate world, The SanibelSusan Team had another nice closing on Tuesday, the charming olde-Florida home with guest house, separate garage, and resort-style pool at 375 East Gulf Dr. Due to building code restrictions, we don’t see many multi-building residential properties like it on Sanibel. Since it dates back to the late 50’s, before City incorporation, it has some wonderful and unusual features.

375 East Gulf

Pool at 375 East Gulf Dr

Wednesday, we also had a walk-in looking for an entry-level income-producing condo at Sundial and we continue to receive inquiries about where to rent next winter. There aren’t many vacancies left!

Teammate Dave and I had a couple of listing presentations this week which resulted in two new listings – both pool homes. One, a split-plan 3 bedroom 2-1/2 bath near the beach in Little Lake Murex has an amazing wide and long lake view. The other, a large 5-bedroom 4-bath in gated Laguna Lakes with amenities, is just off-island.

20150609_162955

View at 597 Lake Murex Circle

View 2

View at Sunset South #9C

It was another week without a Thursday Association of Realtors® Caravan Meeting, but there will be one next week when our new listing at Sunset South #9C is on the schedule.

Little real estate activity has been posted in the Sanibel/Captiva Multiple Listing Service since last Friday. Compared to “high season” when we may see as many as 15-25 island properties go under contract in a week, this week there were just five: a single Sanibel condo and four homes, three on Sanibel and one on Captiva. Those details follow a few news items below.

Florida’s Economic Growth Beats U.S. Average

Florida Realtors logoThe following article was posted at FloridaRealtors® on-line yesterday:

“Florida’s economic growth in 2014 outpaced the national average, the U.S. Bureau of Economic Analysis reported Wednesday. Goods and services produced in Florida increased 2.7% last year compared with 2.2% nationally, the bureau said.

“Growth in Florida topped all states east of the Mississippi River except West Virginia where the economy jumped 5.1% thanks to its mining industry, said BEA spokesman Thomas Dail.

“Florida’s economy, meanwhile, has benefited from strong growth in real estate and rental and leasing, Dail said. Florida, with more than triple the national growth in the real estate sector, was behind only North Dakota, the federal data showed.

“”There has been fairly strong contributions from retail trade as well,” Dail added. Florida had nearly double the national growth in the retail sector and was behind only Arizona, Washington and North Dakota, according to BEA’s numbers.

“Overall, Florida’s economic growth ranked 11th in the nation – good enough to beat any state touching the Atlantic – including New York, Massachusetts, Virginia and Georgia.

“The one bleak spot: Florida’s per capita share of the economy – the state’s output of goods and services divided by its population – continues to lag the nation’s. Last year, Florida’s was $38,690 vs. the nation’s $49,049. Florida has yet to recover to its pre-recession high of $44,048 in 2006.

“Florida has been rebounding from a deep recession since 2011, when the state’s economy actually contracted 0.6%, federal data shows. Goods and services grew only 1.7% in 2012, below the 1.9% national average.

Florida’s economy outpaced the nation’s in 2013 and 2014.”

© 2015 the Sun Sentinel (Fort Lauderdale, Fla.), Donna Gehrke-White. Distributed by Tribune Content Agency, LLC.

Sanibel + Captiva Islands: Florida’s Best Family-Friendly Nature-Loving Escapes

We know it has helped the real estate market and the economy here as the islands have made top-ranking on many internet sites. FYI, here’s the article about Sanibel and Captiva that was posted yesterday on-line on “Forbes” by their travel writer, Katie Kelly Bell:

Photo from Forbes on-line 06-11-2015

Photo from Forbes on-line 06-11-2015

“The sister islands of Sanibel and Captiva are something of a special breed in Florida. You won’t find bustling theme parks, water parks or alligator attractions on these islands. There won’t be long lines of sweaty tourists or beaches thronged with sunbathers either. In fact, these islands with their fertile unspoiled habitats seduce visitors without even trying.

Photo from Forbes on-line 06-11-15

Photo from Forbes on-line 06-11-15

“The islanders like to think the appeal is in the numbers: 15 miles of beaches, 25 miles of bike paths, 50 kinds of fish, 230 kinds of birds, 250 kinds of shells and their favorite number of all—zero traffic lights. Sanibel alone is home to 6,400 acres of mangrove wilderness, which is almost half of the total island. Many visitors just come to spend time in the J. Ding Darling National Wildlife Refuge—a birders paradise, but also an ideal place for nature hikes and the occasional alligator spotting.

“Sanibel and Captiva (which are connected by a short causeway) also have a few simple guidelines in place that keep this wildlife-rich paradise as pristine as it was when I first visited as a young girl almost 40 years ago. The island allows no weekly home rentals (although smaller condominiums can be rented weekly) and no developer, no matter how deep the pockets, is permitted to build a structure higher than three stories.

“Yet, most people really don’t care about the rules; they come for the uncrowded beaches and unparalleled shelling. During my first visit as a child, my father and I decided to go shelling in the rain. We discovered the most magical things on that gloomy day–lighting whelks, king conch, shark eyes–even the occasional fish or horseshoe crab washed ashore by storm tide. Our pockets bulged with loot. I felt like an explorer, alone in the beachy wilderness. The adventure remains one of my most treasured memories with my dad to this day.

“In the following years I’ve taken my own babies down those beaches—each walk its own treasure hunt. Shelling on Sanibel is a rewarding pursuit simply because it yields intact shells—the ones with critters have to go back—but the empties are yours to keep. Of course you can sunbathe, or just drift in the gentle waves, but busy bees like me find the shelling hard to ignore.

“The island is threaded with bike trails and it’s a great way to get around or just explore sections you haven’t yet seen. I prefer biking through the wildlife refuge to driving—one always sees more when you slow down—and see you will. You can also take a guided tour by kayak through the refuge or through the mangrove forest. (Tarpon Bay Explorers offer several options led by naturalists). Expect to see a wide range of wildlife including dolphins, manatees, alligators, anhinga, pelican, and more.

“Shoppers won’t be disappointed, nor will those who just eat out every meal…Sanibel and Captiva have enough of both options to keep visitors busy for weeks without ever having to return to the dreary “mainland”.

“Today I go for different reasons—my mother, who lives there now, is aging and we spend more time shuttling her to the hospitals in Ft. Myers than shelling or kayaking. But, on each trip the wildlife still give–I’ll spy an anhinga drying its wings, or a pelican diving for dinner, and shells still wash ashore. Maybe that’s why people come back year after year—the island never changes–and you can feel, if only for a while, that you haven’t changed either.

When to Go: Summer is certainly hottest—but the islands are quieter during this season. Once November hits (through late April) you’ll be competing with the high season in terms of pricing. There are never any lines or crowded beaches here—just traffic getting off and on the island. So year-round it’s still a pleasure to visit….”

Sanibel Sewer Project Moves to Last Phase

Sanibelcityseal logoThe Sanibel Sewer Expansion Program is moving into Phase Four which is the last portion of the program which included centralization in 1974 and consolidation of island wastewater in 1991.

The program is about 99% complete with 42 properties in Phase Four remaining to be converted from their current septic systems. A low flow exemption has been granted to 28 properties, which will remain on septic for a temporary time period, which allows these properties to remain on their systems until they fail. The construction of Phase Four is estimated to take three off-seasons with the potential of being completed in just two. A more firm timetable will be established for City Council’s July meeting.

Read a Book, Get a Donut

Bennetts logoSanibel’s Bennett’s Fresh Roast is encouraging children to read while out of school for the summer. The shop is offering donuts in exchange for reading. Through August 31, school-aged children, from kindergarten through 5th grade, may receive a complimentary fresh donut each time they read a book at Bennett’s. Children may receive one free donut per day before 4 p.m. when they read a book while accompanied by a parent. Books appropriate for children are available for reading on-site.

Island Businesses Earn Trip Advisor Awards

trip advisor logoTrip Advisor has awarded several Sanibel businesses with Hall of Fame Awards (which are earned after winning five years in a row) or single excellence awards. Trip Advisor says Sanibel is “a family destination offering the best of both worlds. Sanibel Island is a vibrant community with laid-back beach relaxation or deep sea adventures. Fishing excursions, dolphin-watching tours and snorkeling appeal to travelers of all ages. Sanibel vacation homes are praised for their cozy, yet airy vibes and proximity to some of American’s most gorgeous beaches, with views into the Gulf of Mexico to make for a frame-worthy picture or postcard.”

Here are the businesses that recently received awards:

pinnocchiosPinocchio’s Original Italian Ice Cream

Certificate of Excellence Hall of Fame Winner.

tarpon bay explorers logoTarpon Bay Explorers

2015 Hall of Fame

Oceans Reach LogoOceans Reach Condominiums

Customer Satisfaction Index of 98.2 when rated for value, rooms, service, cleanliness, and location.

BeachView_logoBeachview Cottages

Hall of Fame Award for their unique vacation experience.

Fourth of July Events Announced

fireworks-clipart-fireworks_rocketsThe 4th of July is on Saturday this year. Here are the events promoted in today’s “Island Sun”.

 

25th Annual Independence Day Parade – themed “For The Fun of It”. Parade line-up begins on Island Inn Road at 8:30 a.m. & the parade begins at 9:30 a.m., traveling from Island Inn Road to Tarpon Bay Road down Periwinkle Way to Casa Ybel Road. Commemorative T-shirts are available at Bank of the Islands and will be sold along the parade route.

36th Annual Road Rally – sponsored by Sanibel-Captiva Optimists Club, teams puzzle out clues while following a prescribed driving course around the island. Prizes are awarded for correct time and mileage, the most correct answers to the quiz about things seen along the route, as well as best decorated vehicle. Entry forms available in various locations around the island. Fee covers car, driver, navigator, unlimited crew, and includes one official Road Rally T-shirt (additional shirts available for $15). Rally begins at Timbers Restaurant/Sanibel Grill parking lot at noon, and ends there for the “after-glow party”. Starting times are staggered. All proceeds provide funds for college scholarships.

Sanibel Island Fireworks Nights 2015 – at 9 p.m. set off from the end of Bailey Road into San Carlos Bay. Best viewing from the causeway. (Sorry, no public event at The Dunes this year, but member and VIP event 6:30 to 9:30 p.m.)

First Federal Junior Duck Stamp Judging On Sanibel

Ding Darling Society logoNext year, for the first time, J.N. “Ding” Darling National Wildlife Refuge will hose the Federal Junior Duck Stamp judging. The public is invited, so mark April 22, 2016 on your calendars, and stay tuned for news of other activities in the planning stages.

““Ding” on the Wing”, the “Ding’ Darling Wildlife Society newsletter, announced this week that “Every year, the Refuge hosts the judging of the Florida Duck Stamp program. In 2016, it will welcome the nationwide judging – a fitting tribute to Sanibel Island as the birthplace of the JDS program.”

Sanibel & Captiva Multiple Listing Service Activity June 5-12

Sanibel

CONDOS

1 new listing: Somerset #B201 3/2.5 $1.95M.

2 price changes: Captains Walk #B4 2/2 now $315K, Blind Pass #G203 2/2 now $485K.

1 new sale: Sanibel Arms #E7 1/1 listed for $339K.

5 closed sales: Colonnades #41 1/1 $185K, Sundial #H109 1/1 $315K, Seawind #A106 2/2.5 $450K, Sundial #J401 1/1 $465K, Lighthouse Point #231 2/2 $640K.

HOMES

20150609_1622525 new listings: 1314 Tahiti Dr 2/2 $525K, 1388 Tahiti Dr 3/2 $679K, 887 Casa Ybel Rd 4/3 duplex $699K, 597 Lake Murex Cir 3/2.5 $749K (our listing), 689 East Rocks Dr 3/3 $768.5K.

4 price changes: 1182 Kittiwake Cir 3/3 now $659K, 1085 Sand Castle Rd 3/2 now $670K, 3364 Twin Lakes Ln 3/2 now $789K, 5773 Sanibel-Captiva Rd 2/2 now $1.95M

3 new sales: 1599 Sand Castle Rd 3/2.5 half-duplex listed for $489K, 4515 Bowen Bayou Rd 3/2 listed for $585K, 2999 Twin Ponds Dr 4/3.5 listed for $865K.

aerial 375 east gulf5 closed sales: 536 Boulder Dr 3/2.5 $650K, 820 Sand Dollar Dr 3/2 $950K, 375 East Gulf Dr 4/3 $970K (our buyer), 6170 Dinkins Lake Rd 3/3 $1.575M, 428 Bella Vista Way 4/4 $1.6M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 915 Main St $150K.

Captiva

CONDOS

1 new listing: Beach Villas #2525 2/2 $649K.

1 price change: Tennis Villas #3111 1/1 now $249K.

No new or closed sales.

HOMES

1 new listing: 16237 Captiva Dr 5/5.5 $3.95M.

1 price change: 1105 Tallow Tree Ct 3/3 now $2.049M.

1 new sale: 1121 Schefflera Ct 4/4.5 listed for $3.99M.

No closed sales.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

SanibelSusan Realty from Periwinkle WayUntil next Friday, Susan Andrews, aka SanibelSusan

It Sure is Quiet on Sanibel & Captiva Islands


It’s SanibelSusan reporting that this week, it is REALLY QUIET on the islands – hopefully the end of that lull between “season” and the arrival of summer vacationers. Lee County Schools are out today, so maybe we will see more Floridians on the island in the upcoming weeks. In the meantime, the reprieve is giving the locals a little time to stop and smell the roses, or in my case, appreciate my bougainvillea explosion and happy trumpet bush.

June 1 2015 my bougainvillea explosion April 16 Angel Trumpet

Happenings at SanibelSusan Realty

SANSLogoOver the last seen days, we had a few listings shown, but no offers or even routine buyer traffic through the office.

SanCapAssnLogoThe local Association of Realtors® did not have a Caravan meeting this week. The next one is June 18, which also is a monthly Membership Meeting. The real estate activity posted this week in the Sanibel & Captiva Multiple Listing Service follows a few news items below.

ASSOC LogoOn Tuesday, I taught my annual class at the Association Office. Each summer, the Sanibel/Captiva Islands Association offers the 12 modules of instruction that are needed for Realtors® to earn their SCIS designation (Sanibel & Captiva Islands Specialist). Nearly 15 candidates this year are working to earn theirs, looking to join our 75 active certificate holders. You-know-who was in the first class many years ago.

Three years ago, I wrote the module on the Resort & 2nd Home Market and have taught it each year since. Here are a few tidbits that were added this year to the class handout:

  • Last year, vacation home sales nationally climbed to an estimated 1.13 million, the highest since NAR (National Association of Realtors®) began tracking those statistics in 2003. This was an increase of 57% over the number sold in 2013. Vacation home sales in 2014 nearly doubled the combined total of the previous two years. Nationally, vacation home sales were 21% of all transactions in 2014.
  • As vacation home sales soared & despite a strong rental demand, investment purchase dropped for the 4th consecutive year to their lowest since 2010. (These national statistics are on trend with Sanibel/Captiva too.)
  • Why? Lawrence Yun, NAR’s Chief Economist, says: “Affluent households have greatly benefitted from strong growth in the stock market in recent years, & the steady rise in home prices has likely given them reassurance that real estate remains an attractive long-term investment. Furthermore, last year’s impressive increase also reflects long-term grown in the numbers of baby boomers moving closer to retirement & buying 2nd homes to convert into their primary home in a few years.”

Upcoming Events

Ding Darling signTomorrow, Sat, June 6 – National Trails Day kicks off free summer programs at J.N. “Ding” Darling National Wildlife Refuge with special activities held from 9 a.m. to 4 p.m. Events tomorrow include scheduled hikes on Indigo Trail & the Wildlife Education Boardwalk; Reading in the Refuge & Animal Tracking 101 in the Visitor & Education Center; & Animal Olympics on Indigo Trail. Bi-weekly family nature films & weekly walks & nature crafts highlight the free summer programs offered through August 9. See full schedule at www.dingdarlingsociety.org/summer-programming.

Island night LogoWed, June 17 – 22nd Annual Sam Bailey’s Islands Night at Lee County Sports Complex, gates open at 5:30 p.m., parade at 6:15 p.m., game starts at 7:05 p.m.

historical village logoSat, June 20 – FREE ADMISSION to The Sanibel Historical Village, 10 a.m. to 1 p.m.

 

 

“Know Before You Owe” Disclosure Forms

Florida Realtors logoFrom the June 2015, “FloridaRealtor®” magazine:

“On August 1, 2015, new rules go into effect to combine the Good Faith Estimate and the initial Truth in Lending (TIL) disclosure into a single “Loan Estimate” and combine the HUD-1 Settlement Statement and the final TIL disclosure into a single “Closing Disclosure”. The Consumer Financial Protection Bureau (CFPB) refers to these as the “Know Before You Own” disclosure forms.

“Because of the new requirements, at least initially, it might be unrealistic to plan a 30-day closing for most transactions. Until we see what impact the new rules will have, NAR (National Association of Realtors®) advises to plan on 45-day closings instead of 30-day closings, and to be ready for closing (including doing the walk-through) a week in advance.

“These modifications, which come as part of the CRPB’s changes to the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act, will apply to most closed-end consumer mortgage loans.

“As part of the new rules, the lender must give the loan estimate to the buyer within three business days after the lender receives a completed application from the buyer. A completed application contains six items of information: buyer’s name, income, Social Security number, property address, estimated property value and loan amount.

“The lender or the closing agent must give the buyer the Closing Disclosure at least three business days prior to closing. Changes to the information provided in the document may require a revised Closing Disclosure and an additional three-day review period to be given. Buyers may waive the review period for a bona fide financial emergency.”

Upcoming Summer Projects on the Islands

Sanibelcityseal logoSummer into fall, when fewer occupants will be disturbed, is when most associations allow noisy projects in their communities. When working with Buyers thinking of purchasing a property that is in need of renovation, we always advise that they pay strict attention to the association rules and guidelines on how and when those projects may be accomplished, including what approvals and permits may be required. Some associations also have restrictions on what the improvements may be. For those looking for contractors, www.MySanibel.com has a list, by discipline, of those licensed here.

One of those summer projects began this week, at Seascape. Their stucco restoration project began June 1; while at Sunset South, we understand that their Building 8 will be reconstructed beginning July 1.

Coming over the same Sanibel causeway bridge after Debby passed

Some broader news is that last week, the City (Sanibel) was notified by the Lee County Department of Transportation that they will be performing bridge maintenance on all three causeway bridges beginning Monday June 8 and ending Thursday June 18, weather permitting. The bridges will remain open during this time, but there may be some lane shifts.

Sanibel & Captiva Multiple Listing Service Activity May 22-June 5 

Sanibel

CONDOS

1 new listing: Loggerhead Cay #474 2/2 $489.9K.

1 price change: Sundial #R401 2/2 now $824K (our listing).

6 new sales: Captains Walk #F6 2/2 listed for $319.9K, Mariner Pointe #121 1/1 listed for $369K, Sunset South #2D 2/2 listed for $525K, Pointe Santo #C4 1/1 listed for $639K, Island Beach Club #P2E 2/2 listed for $799.9K, Seascape #201 3/3 listed for $1.795M.

2 closed sales: Ibis at The Sanctuary A101 2/2 $449K, Ibis at The Sanctuary #B201 2/2 $435K.

HOMES

2 new listings 9439 Coventry Ct 2/2 $525K, 1730 Jewel Box Dr 4/3 $1.85M.

4 price changes: 9032 Mockingbird Dr 3/2 now $598.4K, 1460 Court Pl 6/5.5 multi-family now $649K, 1328 Seaspray Ln 4/4 now $895K, 1245 Isabel Dr 3/3.4 now $1.649M.

2 new sales: 778 Cardium St 3/3 listed for $449K, 4620 Rue Bayou 3/3 listed for $899K.

6 closed sales: 4109 Sanibel-Captiva Rd 2/1 $275K, 828 Rabbit Rd 2/1 $360K, 257 Daniel Dr 3/2 $604K, 1755 Jewel Box Dr 3/2 $685K, 667 Anchor Dr 4/3.5 $1.05M, 3400 West Gulf Dr $1.1M.

LOTS

No new listings.

1 price change: 3723 West Gulf Dr now $2.895M.

2 new sales: 0 Bowmans Beach Rd now $125K, 247 + 255 Robinwood Cir now $229K.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

2 new sales: Beach Villas #2322 1/1 listed for $499K, Marina Villas #706 2/2 listed for $625K.

1 closed sale: Bayside Villas #5318 3/3 $600K.

HOMES

No new listings.

1 price change: 16897 Captiva Dr 5/5.5 now $3.09M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan

It’s Another Fabulous Friday on Sanibel & Captiva Islands


Although it was a fairly quiet holiday on Monday, this week flew by. While on our rounds today, Dave and I stopped in at Tarpon Bay Explorers. Below are a few photos snapped from their observation deck.

Happenings at SanibelSusan Realty Associates

SANSLogoWe are happy campers at SanibelSusan Realty. Some of the team had the holiday off (actually Dave and Lisa were in the office with me over the weekend). Then, Dave put an off-island property under contract on Monday. Then, we had a big closing on Wednesday, plus received a nice new condo listing that day too.

Though island real estate activity has slowed down, some buyers are here and others coming.

The action posted over the last seven days in the Sanibel & Captiva Islands Multiple Listing Service follows a couple of news items below.

Summertime Means Summer Storms

Lcec logoLast Saturday, we had our first good summer thunder buster which caused a short power outage. As part of the normal routine here in the summer, it’s a good time to be reminded that LCEC (Lee County Electric Coop) is known for its reliability. Not to mention that they have reduced their rates for the past two years and not had a rate increase in seven years. Their May newsletter mentioned that their rates are the lowest among Florida cooperatives.

EcoBrokerOriginalCertifiedLogo150pThat newsletter included the following reminder which also gets the approval of this certified Eco-Broker:

energy starYou can be an energy star! Energy is a U.S. Environmental Protection Agency (EPA) program designed to help you save money. An Energy Star label means the product or appliance will deliver great service and use less energy. This will not only reduce your electric bill, but it will also help the environment.

  • Energy Star air conditioners are 15% more efficient.
  • Energy Star televisions are 25% more energy efficient.
  • Energy Star refrigerators can save as much as $300 on energy costs over their lifetime.
  • Energy Star clothes dryers use 20% less energy.”

NOAA Predicts Below-Normal Atlantic Hurricane Season

wall street journalWe love it when clients send us ideas for our weekly updates. Thanks to Scott, here’s a repeat of an article that was posted online Wednesday by “The Wall Street Journal”:

Weather agency predicts 3-6 hurricanes from June 1 through Nov. 30

Noaa“A below-normal Atlantic hurricane season is likely this year, according to the National Oceanic & Atmospheric Administration. For the hurricane season spanning June 1 through Nov. 30, NOAA predicts in its latest report a 70% likelihood of six to 11 named storms—of which three to six could become hurricanes and up to two may become major hurricanes.

“Named storms have winds of at least 39 miles an hour and become hurricanes when winds reach 74 mph. At 111 mph, a hurricane is designated category three or higher.

““A below-normal season doesn’t mean we’re off the hook. As we’ve seen before, below-normal seasons can still produce catastrophic impacts to communities,” said NOAA Administrator Kathryn Sullivan.

“El Niño is the main factor expected to suppress hurricane season this year, according to Ms. Sullivan. NOAA also said it expects sea surface temperatures in the tropical Atlantic to be near normal. Warmer waters support storm development.

“NOAA said it would issue an updated outlook for the Atlantic hurricane season in early August, ahead of the historical peak of the season.

“For the Eastern Pacific hurricane basin, NOAA predicts a 70% chance of an above-average hurricane season with seven to 12 hurricanes including five to eight major hurricanes. The Central Pacific hurricane basin is expected to see an above-normal five to eight tropical cyclones this year, the agency said.”

REALTORS® Upbeat on Housing Outlook

A Realtor®Mag article posted on-line yesterday offered the following from “DAILY REAL ESTATE NEWS”:

Map 12 month increases expected

realtor logo “REALTORS® remain mostly confident in the next six months of the real estate market, thanks to 30-year fixed rates still below 4%, continued job growth, and recent measures that have made credit more accessible and cheaper, according to the April 2015 REALTORS® Confidence Index Survey, which is based on responses from more than 1,000 REALTORS® about their latest transactions.

“Across all property types (single family, townhomes, and condos), the number of respondents indicating the market as “strong” outnumbered those who viewed the market as “weak.”

“With stronger buyer demand and tight supplies, homes continue to sell relatively quickly, typically within 39 days in April, according to the survey. Also, REALTORS® increased their price expectations last month. Those surveyed expect prices to increase at a faster pace in the next 12 months with the median expected price growth to be 3.9% (up from 3.5% expectation in March’s survey). REALTORS® in Colorado were the most upbeat about price increases in the U.S., with median expected price growth at 6 percent, followed by the District of Columbia at 5%.

“REALTORS® also cited recent measures to open the credit box as having a profound impact on the housing market, such as with the Federal Housing Administration to lower its mortgage insurance premiums and the re-introduction from Fannie Mae and Freddie Mac to back 3% down payment loans.

“REALTORS® are the most upbeat about the overall housing market in states like North Dakota, Texas, Oklahoma, California, Oregon, Washington, Florida, New York, and Massachusetts, according to the survey.

“Also, REALTORS® outlook over the townhome and condo markets remained highest in Colorado.

“For-sale inventories remain tight in many states but seller traffic was reported as improving in many areas, particularly Utah, Wyoming, South Dakota, Texas, Missouri, Louisiana, Mississippi, Alabama, South Carolina, and New Hampshire.

“While real estate professionals remain generally optimistic about housing’s outlook for the next six months, real estate professionals’ continued to have the following concerns about the market:

  • Tight inventory in most states especially for move-in ready and “affordable” units;
  • Financing issues, such as qualifying for a mortgage still remains tough and the underwriting process is slow, leading to delayed closings;
  • Appraisal valuation concerns and delays due to “questionable” comps, particularly for FHA/VA loans, use of “out-of-town appraisers”, and second appraisal requirements;
  • Impact of the new mortgage procedures (RESPA-TILA) on closings;
  • Negative impact of low oil prices in states with oil/gas production;
  • Slowing demand from international buyers (e.g., Canadians) due to strong US dollar;
  • Uncertainties associated with flood insurance rates;
  • Impact of upcoming interest rate increase on demand.”

Window Costs Likely to Spike After June

This article in The “Island Reporter” this week caught my eye. Did you know about the new Florida Energy code?

island reporter

“The Fifth Edition Florida Energy Code is a title not known by many, but it is something which will affect anyone with a house or business come June 30.

“It’s the new energy cost savings for Florida, which resulted after the state updated its commercial and residential building energy codes in accordance with federal law, and it’s significant.

“”We are pulling permits now for our jobs in September and October,” said Kevin Munden, owner of Sanibel Glass and Mirror, Inc. “There is zero information out there about the Fifth Edition Florida Energy Code and if we don’t have our permits secured by July 1, the price of glass is going up.

“So how much will windows be going up after June 30?

“Try a 56% increase, due to the addition of insulated windows, which will be triple-silver-glazed, along with the already required high-impact glass.

“All this goes back eight years, when they passed a law which was going to reduce the consumption of energy in Florida,” said Dennis Chappell, who is Munden’s window contractor with Chappell Sales, LLC. “All homes need to get a certain number in a rating system, which involved air conditioning, insulation, etc. Each one is assigned a number. It is driven by the federal government to help reduce carbon emissions.”

““The ultimate goal is getting down to zero energy used in the home.”

“The new insulated glass which will be required after June 30, is the highest-priced which can go into windows. The new windows, will have a mirror-like look to it, which results from the triple-silver-glazed glass.

“That will be placed on the outside to reflect the sun and heat from entering the house, and goes along with the single high impact glass, which is already required of homes and commercial businesses.

“It’s been a code which has been in the making since 2010, but there have been postponements over the years delaying its enactment.”

“After June 30, all new construction will need to implement the high-energy efficient windows, which will force a rise in costs. But new construction is not where the problems will start popping up in the Fifth Edition Energy Code.

“Even if a window needs to be replaced in a current home or business, it needs to go through the property permitting process. That means, after June 30, to obtain a permit, the new energy efficient insulated windows will have to be used.

“It makes 100% perfect sense for new construction,” Munden said. “But the code also pertains to retro-fitting, meaning changing windows already installed in the house or business. It’s not going to be a cheap thing to change and could mean up to a 25% increase in a project.”

“For example, if a homeowner is deciding to replace their dozen windows in their home, they will need to replace them with the much more energy efficient insulated ones, which leads to another potential lurking problem – illegal installation.

“What this is going to create are illegal installations,” Munden said. “Unlicensed installers don’t have the property testing, the property installation and they don’t pull permits.”

“If a home or business owner cuts the corner and doesn’t properly obtain the permits to install windows, they will not be covered by insurance companies, which require the documentation before a claim can be settled.

“Now, if we get a hurricane, and those windows are not properly permitted, they will be denied their claim,” Munden added. “Claims will be denied without property permits.”

“The only way to gain the proper permits again, is to install the new insulated windows required by the Fifth Edition Florida Energy Code.

“”We are having to give double proposals now, the first being the current price before June 30, and the other estimate post-June 30,” Munden said. “As long as you get your permit before June 30, you are fine.”

“There are some leeways the state is giving and that is the code is subject to authority having jurisdiction by the local building department.

“Sanibel Building Department’s Harold Law, couldn’t comment about the Fifth Edition Florida Energy Code, because officials are still learning about it, but he did say June 30 is the current deadline for the enactment of it.

“Which, of course with government, that isn’t a certain even.

“The Legislature of Florida went home already and the Builder’s Association submitted a bill to postpone implementation of the code for a year,” said Chappell, who has attended every association meeting about the new code this past year. “It wasn’t voted on and it looked dead. But now, the Governor has called a special session, and there is a possibility this bill could pass. It’s not likely, but a possibility.”

““They could extend it one year, if that bill passes. The reality is, though, until the session is over with, we don’t know when the code will be enacted.”

“Another big problem which could occur if the code is enacted June 30, deals with condominiums. With condo associations almost always requiring a uniform exterior, when the different windows start being put in, that will upset those rules.

“”Sanibel has a couple thousand units and they are stringent on outside appearance of building,” Munden said. “Ninety-percent of them have tinted glass, which is gray in appearance. With the new windows, the glass will look entirely different. The state is telling them they can use only one kind of glass. Now, you’ll see all of these windows which are going to be gray, and this new glass will be mirrored. It’s going to create a lot of problems with association, because the glass won’t be matching now.”

“With Chappel being Sanibel Glass and Mirror’s window salesman and informing his clients of the change, Munden said he has been preparing for it, when it comes. The permits he has been pulling now for his September and October jobs, can be extended for another six months, so his company should be prepared.

“”I just want people to be aware of this,” Munden said. “There isn’t a lot of information out there about it.”

“To learn more about the Fifth Edition Florida Energy Code go to https://www.energycodes.gov/adoption/states/florida.” or here’s the code: shop.iccsafe.org/media/wysiwyg/material/5681L14-TOC.pdf

Sanibel & Captiva Multiple Listing Service Activity May 15-22 

Sanibel

CONDOS

View of Sanibel River from Sunset South #9C

View of Sanibel River from Sunset South #9C

4 new listings: Sunset South #9C 2/2 $449K (our listing), Sundial #F103 2/2 $465K, White Caps South #5 1/1 $549K, Wedgewood #104 3/3.5 $2.395M.

2 price changes: Nutmeg Village #307 2/2 now $675K, Nutmeg Village #209 2/2 now $720K.

3 new sales: Sundial #C207 1/1 listed for $429K, Breakers West #C2 2/2 listed for $535K, Island Beach Club #F230 2/2 listed for $649K.

3 closed sales: Spanish Cay #B2 2/2 $378K, Sanctuary Golf Villages I #4-4 2/2.5 $650K, Seascape #104 3/3 $1.9M (our sale).

Seascape Boardwalk

Seascape boardwalk

 

HOMES

1 new listing: 1599 Sand Castle Rd 3/2.5 half-duplex $489K.

5 price changes: 5131 Sanibel-Captiva Rd 2/2 now $499K, 9032 Mockingbird Dr 3/2 now $598.65K, 5749 Pine Tree Dr 3/3 now $695K (short sale), 9445 Beverly Ln 3/2 now $699K, 2010 Sunrise Cir 5/3 now $1.149M.

8 new sales: 982 Main St 3/2.5 listed for $439K, 220 Palm Lake Dr 3/3 listed for $565K, 750 Martha’s Ln 3/2 listed for $579K, 2984 Island Inn Rd 3/2 listed for $619K, 9470 Balsa Ct 3/2 listed for $825K, 0 Sea Pines 3/2 listed for $849K, 489 Lake Murex Cir 4/2 listed for $899K, 1204 Isabel Dr 3/3.5 listed for $3.795M.

8 closed sales: 766 Donax St 2/2 duplex $385K, 1677 Sabal Sands Rd 3/2 $400K, 3724 Agate Ct 2/2 $520K, 238 Southwinds Dr 3/3 $570K, 3968 Coquina Dr 3/2 $675K, 2514 Blind Pass Ct 4/3/2 $1.23M, 2720 Coconut Dr 3/3.5 $1.5M, 4809 Tradewinds Dr 3/3.5 $1.575M.

LOTS

No new listings or price changes.

1 new sales: without contingencies: 915 Main St listed for $199K.

No closed sales.

Captiva

CONDOS

1 new listing: Lands End Village #1611 2/2 $1.275M.

1 price change: Tennis Villas #3115 1/1 now $284.5K.

2 new sales: Bayside Villas #4114 1/2 listed for $265K, Beach Homes #3 3/2 listed for $1.879M.

No closed sales.

HOMES

No new listings.

1 price change: 1121 Schefflera Ct 4/4.5 now $3.99M.

3 new sales: 11537 Andy Rosse Ln 4/4 listed for $2.345M, 15009 Binder Dr 4/5.5 listed for $3.595M, 1131 Longifolia Ct 4/4 listed for $3.69M.

No closed sales.

LOTS

No new listings.

1 price change: 11545 Wightman Ln now $1.245M.

No new or closed sales.

This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or its MLS may not reflect all real estate activity in the market. The information provided represents general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

In addition to wishing you all a great weekend, remember SanibelSusan will be in the office if you want to buy or sell any island real estate.

In the meantime, please enjoy this adorable photo of a baby blue heron – looks like a baby dinosaur.

(Pix borrowed from a Facebook posting by Eric Weiss, who is Executive Producer at “Better Living”.)

Baby blue heron - Eric Weiss -