Sanibel & Captiva Island Real Estate Market update 1/2/11

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 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