Sanibel & Captiva Island Real Estate Market update 1/2/11
Happy New Year everyone! The last 23 days have been busy so I apologize for not getting the update up in a timely fashion. There have been 19 closings on Sanibel and Captiva. The mood is mixed. There are some areas of Sanibel and Captiva which seem to have hit bottom, while others may have a bit to go. The News Press today ( Jan 2, 2011 ) real estate section notes there is hope now in the real estate market here. There have been several phone calls in the past 14 days from buyers who have calculated we are at the bottom and it will never be a better time to buy. Other buyers are calculating income on condos and with cash offers estimating what their incomes would be on their money.. These are all good signs. I track properties in the fort myers , Buckingham and alva areas also. When there used to be acreage available in the $150,000 - $200,000 range . . . that has virtually dried up and no longer can be found in the entry level . . . Interesting. Good Buys..there are still a few. Go to www.SanibelGolfCourseHomes.com for detailed information Below are pictures of a fabulous, newer ground level home with guest home located in The Sanctuary at Wulfert Point. It is offered for $1,289,000 mostly furnished - lake views - a great price!
Also - Beachviews Best Buy! Now Listed below $650,000 - cant replace anywhere near that number!
Have a good week and be back next week!
Sanibel & Captiva Closed SalesResidential4516 Bowen Bayou Rd $545,0001262 Bay Dr $800,00013500 Palmflower Ln $995,000829 Pyrula Ave $1,071,00885 Limpet Dr $1,550,00011410 Dickey Ln $7,000,000572 Kinzie Island Ct $1,220,000
Commercial1523 Periwinkle Way $1,485,0001523 Periwinkle Way $1,395,000
CondosSanibel Siesta #209 $305,000Sunset Beach Villa $515,000Heron at the Sanctuary #3A $600,000Sundial #m303 $635,000Beach Villas #2532 $720,000Pointe Santo #D41 $720,000Captiva Shores #5A $685,000Compass Point #112 $915,000Lands End Village #1629 $1,075,000Sandals #C $1,635,000Tantara #301 $2,087,000
Go to www.TeamSanibel.com for more information
Happy New Year everyone!
The last 23 days have been busy so I apologize for not getting the update up in a timely fashion.
There have been 19 closings on Sanibel and Captiva. The mood is mixed. There are some areas of Sanibel and Captiva which seem to have hit bottom, while others may have a bit to go.
The News Press today ( Jan 2, 2011 ) real estate section notes there is hope now in the real estate market here. There have been several phone calls in the past 14 days from buyers who have calculated we are at the bottom and it will never be a better time to buy.
Other buyers are calculating income on condos and with cash offers estimating what their incomes would be on their money..
These are all good signs.
I track properties in the fort myers , Buckingham and alva areas also. When there used to be acreage available in the $150,000 - $200,000 range . . . that has virtually dried up and no longer can be found in the entry level . . . Interesting.
Good Buys..there are still a few. Go to www.SanibelGolfCourseHomes.com for detailed information
Below are pictures of a fabulous, newer ground level home with guest home located in The Sanctuary at Wulfert Point. It is offered for $1,289,000 mostly furnished - lake views - a great price!
Also - Beachviews Best Buy! Now Listed below $650,000 - cant replace anywhere near that number!
Have a good week and be back next week!
Sanibel & Captiva Closed Sales
Residential
4516 Bowen Bayou Rd $545,000
1262 Bay Dr $800,000
13500 Palmflower Ln $995,000
829 Pyrula Ave $1,071,00
885 Limpet Dr $1,550,000
11410 Dickey Ln $7,000,000
572 Kinzie Island Ct $1,220,000
Commercial
1523 Periwinkle Way $1,485,000
1523 Periwinkle Way $1,395,000
Condos
Sanibel Siesta #209 $305,000
Sunset Beach Villa $515,000
Heron at the Sanctuary #3A $600,000
Sundial #m303 $635,000
Beach Villas #2532 $720,000
Pointe Santo #D41 $720,000
Captiva Shores #5A $685,000
Compass Point #112 $915,000
Lands End Village #1629 $1,075,000
Sandals #C $1,635,000
Tantara #301 $2,087,000
Go to www.TeamSanibel.com for more information