Sanibel & Captiva Real Estate Market Update for 10/12/10- 10/25/10

Sanibel & Captiva Real Estate Market Update for10/12/10- 10/25/10
Activity on the Islands 

Buyers coming in- I  have received 4 e-mail and one phone call this week from interested buyers coming in for Novemeber to search for propeties.  Sounds like this may end up to be a good year, and next year better..

Sold
143 compass point  $ 842,0001859 ibis Lane $ 469,000
710 Birdie View $880,000
978 Oyster Court  $900,0001232 Isabel  drive $ 1,108,125

Contingent or pending
3965 Coquina Drive  $389,000
1430 Causey Court    $ 549,000
5289 Umbrella Pool  $ 595,000
3745 West Gulf Drive  $5,900,000
446 Lagoon  $ 425,000
232 mariner pointe $599,000

3a heron at the sanctuary $ 649,000

For information on our luxury division go towww.SanibelandCaptivaLuxuryProperties.com

Golf Course Home info

www.SanibelGolfCourseHomes.com

Sanibel ArmsWest

www.SanibelArmsWestCondos.com

Have a great week!

For more information and up to date MLS listings go towww.TeamSanibel.comFeel free to call me anytime at 239-850-9296

Sanibel Real Estate Market Update 10/12/10

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Sanibel Real Estate Market Update 10/12/10

Sales are  up past 10 day  with an impressive list of new  contracts . 

Pending/contingent

• 4039 West Gulf Drive $ $3495,000
• 997 Fish Crow Rd       $ 649,000
• 11525 Gore Lane    $ 1,995,000
• 16465 Captiva Drive  $ 2,350,000
• 3745 West Gulf Drive   $ 5,900,000
• 2001 Roseate Lane $320,000
• 255 hurricane Lane $ 229,000 ( lot )
• 108 sanibel siesta $299,000
• J303 Sundial $429,000
• Sanibel Arms West L-7  $ 474,000
• Pointe Santo De Sanibel  E-33  $799,000
• sanibel Sunset   $ 1,625,000
• Bayside Villas ( captiva )  $ 295,000
• 446 Lagoon Drive  $ 425,000

Closed

• Blue Gulf # 102   $ 945,000
• Gulf Side Place # 104   $865,000
• Gulfside Place # 118  $ 1,100,000

For more information on Buying & Selling on Sanibel & Captiva Request Glenn's Guide

For more information go to www.TeamSanibel.com

Other Great Island Sites

www.TarponBeach.com

www.SanibelGolfCourseHomes.com

www.KinzieIslandSanibel.com

www.SanibelArmsWestCondos.com

and for information on Glenn's Luxury Division go to:  www.SanibelandCaptivaLuxuryProperties.com

Sanibel Real Estate Market Update for Week Ending 10/1/10

Sanibel & Captiva Real Estate Market Update for Week Ending October 1, 2010

Please enter into my Carretta report

Sanibel sales year to date  first 3 quarter report

Condo sales

1/1/09- 10/01/09  # 64

1/1/10- 10/01/10  # 98

Homes

1/01/09- 10/01/09  # 111 sold

1/01/10- 10/01/10   #101 sold?though 9 sales are pending.

Sales past 2 weeks- 9/14- 9/30/10

Half duplex 978 Sandcastle road $ 345,000

1409 Albatross Rd.  $ 400,000

Vacant land

3762 Coquina dr $ 240,000

1340 Eagle Run Drive $150,000

Condos closed

Colonnades C49 $ 190,000

Tennis place A-26 $240,000

Mariner Pointe # 733 $240,000

Coquina Beach 5D $ 350,000

Sanibel Inn 994 $ 395,000

Lands End Village 1657  $ 975,000

Lands End Vllage 1656  $ 1,300,000

I have begun a Luxuxury Division of my team

Please check it out at www.SanibelandCaptivaLuxuryProperties.com   

Glenn and team

Glenn's New Guide for Buying & Selling Sanibel & Captiva - FREE

Go to www.TeamSanibel.com for full MLS Searches, photos and Videos

www.SanibelArmsWestCondos.com

www.TarponBeach.com

www.KinzieIslandSanibel.com

Sanibel & Captiva Real Estate Market Update for Week Ending September 3, 2010

Sanibel & Captiva Real Estate Market Update for Week Ending September 3, 2010

Closings this week were up. 8/27- 9/3

Homes 

523 rabbit Road $ 425,000

1866 Farm Trail $ 460,000

1386 Sandcastle $500,000

498 Surssound $775,000

Condos 

Loggerhead cay  $ 477,000

Sandalfoot 4D3  $541,000

Heron at the Sanctuary $ 550,000

Sanibel island Beach Club $ $585,000

Beach Cottage 1425 $875,000

Gulfside Place # 201  $ 1,500,000

2 lots closed

My new listing at the Santuary!
Its overlooking golf course..but membership is an option.
Priced right at $ 1,289,000 this is in my newly created 
"Best Sellers" Collection. This book was created as 
A coffee table piece for marketing.
For more information on this property go to:
Sanibelgolfcoursehomes.com or my listings on teamsanibel.com

First 3 days in Sept our office has 2 contingent condo sales…Interest rates down as low as 3.75%( 5 year fixed ) and  30 year 4.375%. 

Sanibel & Captiva Real Estate Market Update for Week Ending August 27, 2010

Closed Sales:

2582 Wulfert Rd    $557,500

3987 Coquina Dr  $494,000

710 Donax St    $380,000

6141 Henderson St $417,000

Average List to Sale Ratio was 94%

New Glenn's Guide for Buying & Selling Sanibel & Captiva Available. 

Click here to order you free copy

Have A Great Week!

Glenn

Sanibel & Captiva Island Real Estate Market Update

Sanibel & Captiva Island Real Estate Market Update
7/22 - 8/9

Great house at Great price ..Now $688,500

Beachview’s Best Value-George Parker Remodel in 2006,3/3 + sunny pool overlooking golf course. Huge storage , 3 split plan includes a mother in law suite with privacy. Lots of windows and good sunlight. Vaulted ceiling, everything close to new inside. Color and draperies robb and stucky designer choices. 23’ long fabulous eat in kitchen…Approximately 2400 square footage of living…this is the one you want to see..many upgrades- lighting – electric hurricane shutters-laundry room- big closets- new carpets- colorful gardens! Pride of Ownership

Sanibel Captiva Real Estate Sales 7/14-7/21 market update

Market update for


7/14-7/21

slow summer ...lazy days... calls coming in looking for information on properties..but buyers coming in closer to fall.

closed sales this week:

1047 Blue Heron Dr. 510k

sunset south 4 D 615k

sundial r204 $640k



A PAY ATTENTION PRICE!

Just reduced home in kinzie island which is 5/5 plus pool on canal

beach cabana..f/p private elevator..amazing home NOW $1,650,000.



For more information and MLS searches for the Islands go to www.TeamSanibel.com



Also check out these great new sites:

www.sanibelarmswestcondos.com

www.tarponbeach.com





Have a great week!

-Glenn

Weather is fabulous with bright blue skies and a little balmy breeze..


Beaches are clean !

sales brisk for a summer week.

Kinzie island Villa A $ 1,850,000 . Sold before it hit mls.

4 bedroom east end with best views on the island.

A canal home on Kings crown- $1,300,000- that sold before it hit the

open mls market also...

8995 Mockingbird- $ 525,000

5735 PIne Tree Drive $ 920,000

vacant land on West Gulf Drive ( 4318 West Gulf ) $ 600,000

F5 Spanish cay $330,00

sundial J204 $ 515,000

Sanibel Surfside # 127

Have a great week

Check out my new Sanibel Arms West website http://www.sanibelarmswestcondos.com/

Best,
Glenn
http://www.teamsanibel.com/

June 22, 2010

It's Tuesday 6/22/10


Historically the past 10 days are the island's slowest sales period and this year no exception.

from 6/12- 61/22 the Island had 8 closings..half in cash.

they were:

2401 Shop Rd. $190,000

848 Limpet Dr. $1,062,000

11312 Eagle Run ( lot in beachview ) $ 210,000

Captiva Estate Gulf Front lot 16250 Captiva Drive $ 2.800,000

Sandpebble 3D $325,000

Loggerhead # 331 $350,000

Coquina Beach 1B $410,000

*** More vacationers are here than last year...several of the condos were booked last week. Amazing for JUne.

The beaches are lovely and the afternoon rain cools off the sand for good evening walks.

Have a wonderful week..and be back next week.

Glenn

Go to http://www.teamsanibel.com/ for more information and available properties

Sanibel Island Florida June 12, 2010

For more Sanbel & Captiva information including photos and all active mls information go to http://www.teamsanibel.com/

Sales activity and quick check of market conditions 6/12/10


Good day! It Sunday morn and time to check the real estate market conditions and sales. These sales have been from 6/01/10- 6/12/10

Homes-

513 Rabbit Road $425,000

1627 Sandcastle rd $420,000 ( Duplex )

682 Sea Oats Dr. $482,500- ( no room for a pool )

9091 Mockingbird Dr. $ 515,000

6016 White Heron $860,000

2287 Starfish Lane ( butterknife ) $999,000

1870 Woodring Rd. $ $1,950,000

Vacant Land

9023 Mockingbird $310,000

1326 Seaspray Lane $480,000

Condos closed

spanish cay E-3 $295,000

Sanibel Moorings 642 $385,000

Coquina Beach 1 B $410,000

Compass Point 211 $445,000

Pointe Santo D-37 $675,000

Beach Villas gulf front $ 780,000

Comparing condo sales in 2009 vs 2010 for the same 5 1/2 months

1/1/09- 6/12/09

more than 2x the amount of condos have closed this year to date.33 in 09 vs 69 in 2010

Home sale # 58 homes sold on sanibel vs 72 in 2010



Captiva has seen a decrease in sales from 10 in 2009 to 5 in 2010



Lot sales are about even at 14 in 2009 and 13 in 2010.



Though the list to sale ratio continues to run in the 94- 95% range, one of a kind properties are selling for full price. ( as in mockingbird drive lot ).



The beaches are full. Sanibel arms west is 100% occupied right now.



There are some great buying opportunities such as:



Sanibel arms west units which begin at $ 439,000 and have strong rentals



with only 11% rental commission..interest rates low 5.5% and



occupancy on the rise...( some units doing 36k )....



Tarpon Beach gulf front top floor unit with vaulted ceilings $ 719,000.



covered parking ..western views...must see this place its great..



I wish you all a great week- thanks for checking my blog..



Glenn

Sanibel Real Estate Sales activity may 20- June 1

Sales activity may 20- June 1


1282 parview drive $585,000

653 East Rocks $667,000

1006 Spanish Laurl Ln. $650,000

509 lagoon $660,000 1419 Albatross $725,000

1314 Albatross $725,000

1314 par View $1020000

1356 Eagle Run Drive $1,200,000



vacant land closing

1316 par View Drive $320,000

Condos sold past 10 days

sanibel arms A5 $300,000 2/1 - across street from gulf )

Sanibel Arms B5 $275,000 ( one bedroom )

Donax Village 18 $325,000

Seawind A101 $450,000

Signal Inn 11 $467,500

Sanibel Arms $ 470,000

Heron at the Sactuary

Busy weekend on island..alot of condos were 100% booked.

beaches beautiful and we now enter our warmest month- june..

have a good week and be back next week..

glenn
glennc@coconet.com
http://www.teamsanibel.com/

Sales May 10- May 20

Sales May 10- May 20


6126 Castaways Lane $535,000

1836 long point ln $ 620,000

526 N. Yachtsman $630,000

682 Pyrula $1,200,000

11520 Andy Ross Lane 1,450,000

4709 Rue belle Mer $ 2,000,000

4099West Gulf Drive $3,275,000

Condos closed during this 10 day period

sanibel arms one bedroom $275,000

seashells of sanibel # 25 $309,000

Donzx Village # 14 $ 325,000

Mariner Pointe 631 # 475,000

Sunward of Sanibel 102 $ 740,000

Compass Point $ 850,000

Chelsea Place # 1 $ 1,700,000

keep in mind the above transactions would have gone under contract

approximately 30-60 days ago ( or mid - late March ..our busiest time.)

It is sunny and lovely here...going to Jerrys for a late afternoon Salad..

Have a good week.

Sanibel is monitoring the oil situation of course. Historically if anyone can deal with issues it the Sanibel Govt. .

Best!

Glenn

April 27 - May 10

April 27 - May 10
Closed sales:
736 Durion Ct - $539,000
4249 Old Banyon Way $552,000
590 Piedmont Rd $525,000
320 East Gulf Dr $662,500
200 Robinwood Cir $1,099,000
4689 Rue Belle Mer $1,680,000
Sundial S401 $574,000
Sandpiper Beach $595,000
Compass Point 241 $542,000
Sanctuary Golf Village 4 $685,000
Pine Cove C $700,000
Sunset Captiva 204 $11200,000
Pointe Santo E47 $1,350,000
High Tide B302 $1,680,000



Interest rates continue to hold at all time low rates
weather has been a balmy . . . still cool in the
mornings..lots of sun by noon.
Have a great week!
-Glenn

April 15 - April 27

Follow this blog

April 15- april 27
Busy
Homes took center stage for the last part of april. There were 5 closed sales this period with s/l ratio the highest in a long time ..98%..the average days on market were # 179. This indicates to me we are at our bottom and sellers were realistic and buyers fortunate.
new sales of homes which went contingent, but not yet closed were # 8.
Condos which were closed were # 3 their average l/s ratio was 85% and it took an average of 1 year to sell them.
Condos did however see #9 condos go contingent during this period ..the prices
range was 299- 749k.
cash flows- more owners are using vrbo to increase their cash flows and with the interest rates down, 30% required as a down payment..with a little work..we are actually seeing for the first time since the early 80's a possibility of a break even.,...( do i dare say positive cash flow ) on a $400,000 gulf side of the street 2/2 T his means at 5.25% interest and the owner helping his rental company ( 10 % referral instead of 20% )..it is possible with work on the owners part to see an income of 10% of the purchase price. At long last ...My picks are sanibel arms west and Loggerhead...
Good buys- If i was ever in the market for a gulf or bay front this would be my year to make a move..there are a couple of amazing places with wide open bay front views with docks under 2.6...Gulf front west gulf drive begins in the 3.5 range.
under contract last weekend were a gulf ridge gulf front listed near 5 Million.
have a good week...weather here is 83 degrees today and sunny..waves were beautiful this morning on my morning walk...lots of shells...few people...east end is paradise.
take care and good thoughts-
glenn
go to www.TeamSanibel.com for lots more Sanibel Infomation!

April 1 - 15

April 1-15
All categories of properties
New listings # 21
Contingent sales # 13
Closed sales #22
Home stats:
Residential homes sold this month had a average of 94% l/sale ratio.
that means ..the properties selling are the properties priced right as historically our l/s ratio has run between 94-96% in the past decade.
the average days on market were 173 average price sold the first 15 days were $668,000
Condominium stats:
average price $510,000
average days on market 447
List to sale ratio 90%
condo sales outsold home sales this month so far over 2:1, but price obviously was a factor in buyer motivation.
next month will be very interesting ..price stats will be up significantely
as there are many high end homes and condos under contract.
Have a good week-
glenn

March Stats are in!

March Stats are in
6 lot sales - including a Captiva Gulf front lot for $3 Million +

17 homes newly under contract (1/2 for cash) . . . West Gulf drive home under $4 Million now under contract

29 - 1 & 2 bedroom condos newly under contract.

3 bedroom condos under contract are:
Gulf side Place $1,9999
Pointe Santo $1,399,000
Somerset at the Reef 1.2

Check back with us next week for more updates & go to www.TeamSanibel.co for more Island information and all available properties.
Best,
Glenn

Good News March 2010!

Good Market News march 2010
February this year was the beginning of our market stabilizing.
We have all been waiting patiently for the market to rebound and though sales of homes have increased in volumn 45% as compared to the same period in 2009, the big surprise has been the rebound in sales acitivity in the condo market.
Sanibel and Captiva have seen a 60% increase in the amount of condo activity the first 83 days of 2010 as compared with last year's dismal sales reports for the same period. Our office has seen our best month ever reaching 30 sales as of 3/23 and we have 8 days to go for our final count! We are hopefull and relieved...the gloom seems to be over.
However, I dont see a rapid increase in the sales prices. That will take time. A normal pattern reminiscent of the sales on the island in the 80's nd 90's will again occur. Buying on the Island was a life choice 30 years ago and it is once again the new motivation.
Wewill enjoy a communtiy of owners who live here a majority of the year who are involved in making the communtiy a better place to live and enjoy family.
Price appreciation will be slow and steady...not volcanic as it was since 2003. Appreciation will once again be defined as " a deep appreciation of the Island" Owners will appreciate their memories and appreciate the founding fathers and mothers of the island who fought the county to preserve the Island in the 70's.As our inventory of properties is reduced, we will be back to the pace of 1-3%appreciation once again.
With steady growth comes a new buyer profile. The Number 1 goal of the buyer of 2010 is to improve their own life story. Maybe that is what value is all about.

Sales & Activity for 3/1/10 - 3/8/10

Sales & Activity for 3/1/10 - 3/8/10
Closed Sales:
493 Lake Murex Cir $557,500
759 Sand Dollar Dr $700,000
819 Tulip Ln $1,300,000
Pending Sales:
250 Palm Lake Dr $599,000
2275 Starfish Ln $899,900
4207 Gulf Pines Dr $979,000
3212 Twin Lakes Ln (vacant land) $419,900
5383 Shearwater Ln (vacant land) $595,000

New March Newsletter available email or call us to request yours!



Sales and activy for past 10 days Feb 21- March 1
1409 Causy Court $ 447,000
748 Rabbit Road $ 480,000
4654 Rue Bayou $ 479,000
3731 Agate Court $ 680,000
6014 White Heron Lane $1,150,000
Sanctuary Golf Villas $ 450,000
Sunset Beach Villas $ 675,000
Lighthouse point ( bay front ) # 226 $ 715,000
Pointe Santo A36 $ 915,000
Pending and contingent ...not yet closed..this is their asking price.
16298 Captiva Drive $ 3,650,000
beachcomber # C102 $ 1,495,000
Sandpebble 2E $ 349,000
4215 Old Banyon Drive $650,000
sanibel inn $499,000
seawind # 107 $ 499,000
sanibel inn 3513 $559,000
simset spitj 3C $ 649,000
Sandpointe # 215 $ 659,000

!!!!!!!Sales for first 2 months on Island are as follows:
Condo sals up 14%
home sales activity up 24%...more info ..e-mail me for 3/1/10 newsletter!

2/4/10-2/19/10

Sales and the weather----
first ...weather..if you are up North today..yes the 18th of Feb is the first warm day ( over 70 degrees )..we have had on island in a long time...How long can I wear jeans and my one sweater...thank goodness it has changed back to near normal today.
new sales were equally divided between homes ( #8 ), and Condos ( # 8 ) since the 4th of Feb. We are getting the " feeling in the air " that we have bottomed out and alot of the showings and sales in the past 2 weeks were with lower end properties ..and now they are running short. New pending sales are:

753 Cardium ( duplex ) $399k- ( short sale )

470 Lake Murex Circle $449,000

1574 Sandcastle $ 559,000

1838 Long Point Lane $ 649,000

6192 Henderson $ 649,000

1554 Sandcstle $995,000

1842 Woodring $2,599,000

Donax Village #7 $ 350,000

Sanctuary Golf Village $450,000

Sanibel Inn $495,000

Sunset South 3A $ 507,000

Mariner Pointe 321 $ 509,000

Sunset Beach Villas $ 649,000

Sanctuary Golf Villages $749,000

oceans Reach 2D3 $ 875,000

View availabel Sanibel Island properties, photos, video and much more at www.TeamSanbiel.com

Thank You!
Glenn Carretta,
Broker Associate
239-850-9296 glennc@coconet.com

1/24/10- 2/4/10

1/24/10- 2/4/10
Its cold and rainy up North..We have sun which we love to share:
Sales activity this period :
Homes:
1582 Sandcastle road $625,000
1501 Sandcastle road $ 624,900
3731 Agate Court $799,000
11535 captiva Lane $999,999
16238 Captiva Driove $5,190.000
Condos
433 Loggerhead Cay $477,000
Pointe Santo C-22 $599,000
Lighthouse Point 226 $ 759.957
Sunset Captiva Condo 204 $ 1,200,000
These are the prices the properties were asking...in 30-45 days we will announce what the selling price was when closed.
thanks and have a great week!
Glenn