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/