Sanibel Island & Captiva Island Real Estate Market Report

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