Sanibel Island & Captiva Island Real Estate Market Report
The Carretta Report closed sales 8/5/11- 8/23/11
This is our slow time of year . . . actually one of the best times to purchase if you are looking for a time when there is less competition and you may have a bit more purchase power compared to march when all hands are on deck.
Interest rates are at all times low with fixed conforming ( borrowing under $ 417,000 ) at
4.15- 4.25% and shorter adjustable rates - 7 year less hovering around 3.5%.
Captiva had 2 home sales close
15557 Captiva Drive $ 2,100,000
11525 Murmond Lane $ 485,000 ( needed much work )
Sanibel 1 home closed
1035 South Yachtsman Drive $ 753,000
2 condos on Sanibel
Spanish Cay A1 $ 315,000
Sandpoint # 227 $ 615,000
Great Buys
my pick of last report ..the lot on main st. is under Contract
My picks now for entry level properties are
Captains Walk- 2 to choose from from $ 225,000- $ 240,000
Home mid Island 2/2 high $ 200.000’s
All is well on the island ...hope you have a good week.
Beginning the 7th of Sept i will again go to weekly reports..vacation time for most of us is over and time to get back to work full time plus.
Best to you-
Glenn
