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
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