Sanibel & Captiva Real Estate Update for 2/22/11

The Carretta Report

2/1/11- 2/22/11

Sales for the past 3 weeks

For the first 22 days of Feb. there have been one sale a day, or 22 sales reported through mls Sanibel.

Again, the split between condos and homes

average price home closed for the month of Feb. was $585,700

average price condo closed for the month ofFeb  was $ 594,800

Under contract this month- a bay front high 2million

Under contract this month a gulf front mid 2m area

1 commercial building on Lagoon sold $ 415,000

1 lot sold mid $300’s

Activity has increased - especially past 1 week

just reduced condo at white sands dropped to $ 599,000 and sold in a day or two.

NOTE- if you are a serious buyer..now is the time to e-mail me and let me know you wish to be informed when there is a price drop or new underpriced listing ...you will need to act fast for certain properties.  We are an island..and bottom line is there still is only so many properties that could be on the market.

I have heard Fort myers Beach is booked solid for season...Tarpon Beach unit 110 which is on the market for $ 709,000 has never booked so well. This year has 30k booked already..

Good signs of recovery..

Here are the properties sold past 22 days.

Homes

962 Sandcastle Road $ 326,000

749 M artha Lane $ 360,000

1440 Sandpiper Corcle $ 415,000

540 East Rocks $ 520,000

1192 Kittiwake $ 543,750

678 East Rocks  $543,750

668 Anchor Drive $635,000

1581 Sandcastle $710,000

4996 Sandcastle $ 825,000

Condominiums

Island Beach Club 330B $ 435,000

island Beach Club 220C $ 480,000

Snug Harbor $575,000

heron at the SANCTUARY $589,000

Gulf beach Villas ( Captiva ) $530,000

Nutmeg Village $628,900

Shell Island beach Club $ 670,000

Lighthouse Point # 325   $ 640,000

Seascape # 305 $840,000

Signal Inn # 16  1.065,000

Beach Homes 15    $ 1,600.000

BIG OPEN HOUSE COMING-

20 SANCTUARY HOMES AND CONDOS WILL BE OPEN FOR TOURING ON MARCH 4,2011 TOUR OF HOMES AT THE SANCTUARY...COME ON AND STOP BY. LOOK FOR BIG ADD DROP OUT COLOR BROCHURE .

JUST LISTED!!

1141 PAPER FIG 

WEATHER HAS BEEN:  balmy 75 degrees and sunny. it has been fabulous and every 

realtors best friend. Great for business .

Interest rates still remain low..It is a good time to take advantage of 2000 prices...

e-mail me for your Guide for buying and selling real estate..

have a great week.

glenn

 

go to www.TeamSanibel.com