SANIBEL AND CAPTIVA REAL ESTATE SALES - 4/09/11 - 04/25/11

RESIDENTIAL
ListPrice/$6,950,000 - SalePrice/$6,087,500 - 5bd/5/1ba/15699 Captiva Dr/Captiva, FL
ListPrice/$2,995,000 - SalePrice/$2,550,000 - 5bd/5/2ba/3705 W. Gulf Dr/Sanibel,FL
ListPrice/$1,500,000 - SalePrice/$1,500,000 - 3bd/3ba/ 11536 Andy Rosse Ln/Captiva,FL
ListPrice/$899,000 - SalePrice/$899,000 - 3bd/3ba/6005 Clam Bayou/Sanibel, FL
ListPrice/$718,800 - SalePrice/$673,800 - 2bd/2ba/33 Urchin Ct/Sanibel, FL
ListPrice/$705,000 - SalePrice/$705,000 - 3bd/3ba/5429 Shearwater/Sanibel, FL, FL
ListPrice/$544,000 - SalePrice/$435,000 - 3bd/2ba/6072 Dinkins/Sanibel, FL
ListPrice/$529,000 - SalePrice/$470,000 - 2bd/2ba/1148 Seagrape/Sanibel, FL
ListPrice/$495,000 - SalePrice/$475,000 - 2bd/2ba/230 Palm Lake/Sanibel, FL
ListPrice/$479,000 - SalePrice/$470,000 - 3bd/2ba/1186 Sand Castle/Sanibel, FL

CONDOMINIUMS
ListPrice/$2,495,000 - SalePrice/$2,247,000 - 3bd/3/1ba/#201, Sedgemoor of Sanibel/Sanibel, FL
ListPrice/$1,195,000 - SalePrice/$950,000 - 3bd/3ba/#A102, Villas of Sanibel, Sanibel, FL
ListPrice/$895,000 - SalePrice/$800,000 - 3bd/3ba/ #302, Seascape of Sanibel, Sanibel, FL
ListPrice/$795,000 - SalePrice/$650,000 - 3bd/2ba/ #5, Yacht Haven, Sanibel, FL
ListPrice/$559,000 - SalePrice/$510,000 - 2bd/2ba/#J-404, Sundial, Sanibel, FL
ListPrice/$470,000 - SalePrice/$450,000 - 2bd/2ba/#3C, Villa Sanibel, Sanibel, FL
ListPrice/$370,000 - SalePrice/$340,000 - 2bd/2ba/#1032, Mariner Pointe, Sanibel, FL
ListPrice/$268,000 - SalePrice/$258,000 - 2bd/1ba/#B31, Tennisplace, Sanibel, FL

VACANT LAND
ListPrice/$725,000 - SalePrice/$405,000/ 4561 Panama Shell Dr/N. Captiva, FL

 

Vacation- and investment-home shares hold even in 2010



WASHINGTON – March 30, 2011 – The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of Realtors® (NAR).





NAR’s 2011 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2010, shows vacation-home sales accounted for 10 percent of transactions last year while the portion of investment sales was 17 percent – both unchanged from 2009.



“Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” says NAR Chief Economist Lawrence Yun. “A sizeable number of buyers made deals with all-cash offerings.”



All-cash purchases have become prevalent in the second-home market in recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of vacation-home buyers.



With an overall decline in home sales during 2010, the volume of 543,000 vacation-home sales was down 1.8 percent from 553,000 in 2009. Investment purchases fell 7.8 percent to 867,000 in 2010 from 940,000 the previous year. Primary residence sales declined 5.6 percent to 3.81 million from 4.04 million in 2009.



Foreclosure or trustee sales accounted for 17 percent of investment purchases and 11 percent of vacation-home sales in 2010, compared with 5 percent of primary purchases.



“Second home buyers purchased more distressed homes at discount than did buyers of primary residences,” Yun says.



The median vacation-home price was $150,000 in 2010, down 11.2 percent from $169,000 in 2009, while the median investment-home price was $94,000, which is 10.5 percent below the $105,000 median in 2009. By contrast, the median primary residence price declined a relatively modest 4.5 percent to $176,700 last year from $185,000 in 2009.





The typical vacation-home buyer in 2010 was 49 years old, had a median household income of $99,500 and purchased a property that was a median distance of 375 miles from his or her primary residence; 31 percent of vacation homes were within 100 miles and 41 percent were more than 500 miles.



for more on this article go to http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=257430




For information on real estate in Sanibel, Captiva and Southwest Florida go to:
http://www.sanibelandcaptivaproperties.com/


















.

SANIBEL AND CAPTIVA RESIDENTIAL/ CONDO SELLS ARE BOOMING!

Pending Sanibel 2011 Residential total #’s

4/20 4/13 4/6 3/23 3/16 3/8 2/24 2/17

42 34 34 34 34 40 30 31



Pending Sanibel 2011 Condominiums total #’s

4/20 4/13 4/6 3/23 3/16 3/8 2/24

33 40 33 31 30 24 16





3 tips for smart vacation-home buying

ATLANTA – April 14, 2011 – Shoppers can find lots of good deals in vacation homes at the moment. In many second-home hot spots, prices remain close to five-year lows. For example, single-home prices in second-home hotspot Napa, Calif., are down 47 percent from their peak in 2006, according to Fiserv.



A buyer looking to cash in on vacation- or second-home values should consider the following:



1. Is it rentable? Even if a buyer isn’t planning to rent, he or she may still want to consider the rental aspects of the property, particularly since a home’s rental potential can affect its resale value, says Catherine Jeffrey, a real estate professional in Fredericksburg, Texas. Buyers should check with the homeowners association or township to ensure that short-term rentals are allowed.



2. How do you plan to use the home? The loan rate depends, in part, on how the property will be used. For example, if buyers intend to use the property primarily as a second home, they’ll pay about the same mortgage rate as a primary residence, says HSH Associates vice president Keith Gumbinger. However, if they plan to get rental income from the property, the property will be treated as an investment, which means they may need to pay as much as 25 percent of the buying price for the downpayment and up to one percentage point more in interest.



3. Are you eligible for the tax benefits? If owners rent the house for two weeks or less per year, they won’t have to report income to the IRS, and they’ll be able to deduct property taxes and mortgage interest. If the owners stay in the home for less than two weeks or have 10 percent rental days, whichever is greater, they’ll be able to deduct operating costs, such as cleaning and maintenance fees, as well as the interest and property tax, says Rick Shapiro, a CPA in West Hartford, Conn. He suggests homeowners talk with a tax expert to find out what tax benefits apply.



Source

SANIBEL IN TOP TEN TRAVELERS' CHOICE BEACH AWARDS ! ! !

TRAVERS' CHOICE  BEACHES AWARD-WINNING U.S. BEACH DESTINATIONS:
1. Myrtle Beach, South Carolina

2. Cape May, New Jersey

3. Panama City Beach, Florida

4. Miami Beach, Florida

5. Sanibel Island, Florida

6. Clearwater, Florida

7. Honolulu, Hawaii

8. Captiva Island, Florida

9. Poipu, Hawaii

10. Siesta Key, Florida

For Information on Sanibel, Captiva and the surrounding areas go to http://www.sanibelandcaptivaproperties.com/
Mark and Teresa Baker
Mark's Cell# 239-209-3030
email:Islandvol@gmail.com
John R. Wood Island Real Estate, Inc.

Teresa's Cell: #239-233-6364
email:sanibelbeachproperty@gmail.com
John R Wood Island Real Estate, Inc.

REAL ESTATE SALES BOUNCING BACK ON SANIBEL !!!

John R. Wood Island Real Estate 1st quarter statistics 2011


Up 7% in sales volume

Up 15% in units closed

Up 27% in pending sales





Current Pending Sales Activity 2011 Residential total #’s

4/6 3/23 3/16 3/8 2/24 2/17

34 34 34 40 30 31



Pending Sanibel 2011 Condominiums total #’s

4/6 3/23 3/16 3/8 2/24

33 31 30 24 16



Metrostudy: Housing shortage on the horizon?

WASHINGTON – April 1, 2011 – Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon create a huge surge in demand for new homes. As such, now is the time to buy, he says.



In the 41 cities Metrostudy covers, 78,000 houses are either vacant and for sale, or under construction – that is less than a quarter of the new homes that fell in that category during the housing boom in 2006 and way below the level of a decade ago.



“If we had anything like normal levels of buying, those houses would sell in 2½ months,” says Castleman. “We’d see an incredible shortage. And that’s where we’re heading.”

Selling your home? Drop the nines

MADISON, Wis. – March 31, 2011 – While many Realtors continue to use 9’s in their asking pricing – setting a price of $499,999 or $599,000, for instance, to make buyers think they’re paying less – the strategy can actually minimize marketing exposure now that buyers typically use search engines to look for properties.



The search engines group properties in 0’s, 25’s, 50s, and 75’s, so Realtors would be wise to revise their pricing strategies accordingly. For example, a property with a price of $399,000 will be seen by buyers searching for homes up to $400,000; but buyers searching for a home between, say, $400,000 and $500,000 won’t see it.



Sellers should understand that buyers set the value of the home, and they should be more concerned about pricing the property correctly the first time.



Vacation- and investment-home shares hold even in 2010

WASHINGTON – March 30, 2011 – The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of Realtors® (NAR).



NAR’s 2011 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2010, shows vacation-home sales accounted for 10 percent of transactions last year while the portion of investment sales was 17 percent – both unchanged from 2009.



“Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” says NAR Chief Economist Lawrence Yun. “A sizeable number of buyers made deals with all-cash offerings.”



All-cash purchases have become prevalent in the second-home market in recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of vacation-home buyers.



With an overall decline in home sales during 2010, the volume of 543,000 vacation-home sales was down 1.8 percent from 553,000 in 2009. Investment purchases fell 7.8 percent to 867,000 in 2010 from 940,000 the previous year. Primary residence sales declined 5.6 percent to 3.81 million from 4.04 million in 2009.



Foreclosure or trustee sales accounted for 17 percent of investment purchases and 11 percent of vacation-home sales in 2010, compared with 5 percent of primary purchases.



“Second home buyers purchased more distressed homes at discount than did buyers of primary residences,” Yun says.



The median vacation-home price was $150,000 in 2010, down 11.2 percent from $169,000 in 2009, while the median investment-home price was $94,000, which is 10.5 percent below the $105,000 median in 2009. By contrast, the median primary residence price declined a relatively modest 4.5 percent to $176,700 last year from $185,000 in 2009.



The typical vacation-home buyer in 2010 was 49 years old, had a median household income of $99,500 and purchased a property that was a median distance of 375 miles from his or her primary residence; 31 percent of vacation homes were within 100 miles and 41 percent were more than 500 miles.

Check out our website at http://www.sanibelandcaptivaproperties.com/ for any information on Sanibel and Captiva and to search all propeties available from Captiva to Bonita Beach.

Best Prices For Sanibel Real Estate in a Decade!

 

We're having a very busy winter this year on Sanibel. Many people are buying because they're finding the best prices we have seen in a decade.  Check out our website at http://www.sanibelandcaptivaproperties.com/ to find out about Sanibel, Captiva and SouthWest Florida. Click on our MLS search to view any property for sale from Bonita Beach to Sanibel and Captiva.

SANIBEL/CAPTIVA CLOSED SALES 1/14/2011 - 4/8/2011

RESIDENTIAL HOMES
ListPrice/$290,000 - SalePrice/$185,000 - 4bd/4ba/540 Coral Circle/Captiva, FL
ListPrice/$310,000 - SalePrice/$295,000 - 4bd/3ba/754 Vinca Way/Sanibel, FL
ListPrice/$324,900 - SalePrice/$280,000 - 2bd/2ba/5151 San-Cap Rd/Sanibel, FL
ListPrice/$359,000 - SalePrice/$310,000 - 2bd/2ba/446 Lagoon Dr./Sanibel, FL
ListPrice/$377,000 - SalePrice/$326,000 - 3bd/2ba/962 Sand Castle Rd/Sanibel, FL
ListPrice/$379,000 - SalePrice/$381,000 - 2bd/2ba/743 Martha's Lane/Sanibel, FL
ListPrice/$395,000 - SalePrice/$350,000 - 3bd/2ba/4440 Panama Shell Dr/N.Captiva, FL
ListPrice/$397,000 - SalePrice/$360,000 - 2bd.2ba/749 Martha's Lane/Sanibel, FL
ListPrice/$399,993 - SalePrice/$379,000 - 3bd/2ba/9426 Kava Ct/Sanibel, FL
ListPrice/$425,000 - SalePrice/$415,000 - 3bd/2ba/1440 Sandpiper Circle/Sanibel, FL
ListPrice/$439,000 - SalePrice/$427,000 - 5bd/3ba/1562 Serenity LN/Sanibel, FL
ListPrice/$446,250 - SalePrice/$447,000 - 6bd/6ba/2143 Periwinkle Way/Sanibel, FL
ListPrice/$449,000 - SalePrice/$400,000  - 3bd.2ba/1954 Roseate LN/Sanibel, FL
ListPrice/$474,000 - SalePrice/$405,000 - 3bd/2ba/1730 Windward Way/Sanibel, FL
ListPrice/$479,900 - SalePrice/$430,000 - 3bd/2ba/1809 Farm Trail/Sanibel, FL
ListPrice/$484,000 - SalePrice/$435,000 - 3bd/2ba/1105 Skiff PL/Sanibel, FL
ListPrice/$489,000 - SalePrice/$460,000 - 3bd/2ba/9428 Moonlight Dr/Sanibel, FL
ListPrice/$495,000 - SalePrice/$465,000 - 4bd/2ba/424 East Gulf Dr/Sanibel, FL
ListPrice/$499,000 - SalePrice/$390,000 - 3bd/2ba/951 Sand Castle Rd/Sanibel, FL
ListPrice/$499,000 - SalePrice/$380,000 - 3bd/2ba/4540 Oyster Shell Dr/N. Captiva, FL
ListPrice/$529,000 - SalePrice/$475,000 - 4bd/3ba/731 Rum Rd/N. Captiva, FL
ListPrice/$558,000 - SalePrice/$500,000 - 3bd/2ba/1805 Farm Trail/Sanibel, FL
ListPrice/$579,900 - SalePrice/$520,000 - 3bd/2ba/540 East Rocks/Sanibel, FL
ListPrice/$585,000 - SalePrice/$540,000 - 3bd/2ba/1824 Farm Trail/Sanibel, FL
ListPrice/$595,000 - SalePrice/$545,000 - 4bd/3ba/1192 Kittiwake Cir/Sanibel, FL
ListPrice/$597,000 - SalePrice/$530,000 - 2bd/2/1ba/9127 Mockingbird Dr/Sanibel, FL
ListPrice/$599,000 - SalePrice/$535,000 - 3/bd/2/1ba/1513 Sand Castle Rd/Sanibel, FL
ListPrice/$599,000 - SalePrice/$543,750 - 3bd/2ba/678 E. Rocks Dr/Sanibel, FL
ListPrice/$619,000 - SalePrice/$575,000 - 3bd/3ba/1302 Par View Dr/Sanibel, FL
ListPrice/$650,000 - SalePrice/$590,000 - 3bd/2ba/1262 Par View Dr/Sanibel, FL
ListPrice/$659,000 - SalePrice/$620,000 - 3bd/2ba/1405 Causey Ct/Sanibel, FL
ListPrice/$674,900 - SalePrice/$575,000 - 3bd/3ba/5690 SanCap Rd/Sanibel, FL
ListPrice/$692,000 - SalePrice/$635,000 - 3bd/2ba/668 Anchor Dr/Sanibel, FL
ListPrice/$695,500 - SalePrice/$667,500 - 3bd/2ba/3733 Coquina Dr/Sanibel, FL
ListPrice/$697,000 - SalePrice/$630,000 - 3bd/2ba/1311 Sand Castle Rd/Sanibel, FL
ListPrice/$699,000 - SalePrice/$600,000 - 4bd/2/1ba/271 Robinwood Cir/Sanibel, FL
ListPrice/$699,900 - SalePrice/$550,000 - 5bd/3ba/709 Heather Ln/Sanibel, FL
ListPrice/$725,000 - SalePrice/$729,000 - 3bd/2/1ba/799 Conch Ct/Sanibel, FL
ListPrice/$725,000 - SalePrice/$710,000 - 3bd/2ba/ 1581 Sand Castle Rd/Sanibel, FL
ListPrice/$795,000 - SalePrice/$500,000 - 4bd/3ba/9028 Mockingbird Dr/Sanibel, FL
ListPrice/$799,000 - SalePrice/$730,000 - 4bd/3ba/3894 West Gulf Dr/Sanibel, FL
ListPrice/$835,000 - SalePrice/$793,250 - 2bd/2ba/1237 Seagrape Ln/Sanibel, FL
ListPrice/$865,000 - SalePrice/$775,000 - 4bd/2/1ba/246 Christofer Ct/Sanibel, FL
ListPrice/$895,000 - SalePrice/$825,000 - 3bd/3ba/ 4996 Joewood Dr/Sanibel, FL
ListPrice/$895,000 - SalePrice/$650,000 - 2bd/2ba/119 Kingfisher Dr/N. Captiva, FL
ListPrice/$985,000 - SalePrice/$830,000 - 4bd/4ba/4640 Rue Belle Mer/Sanibel, FL
ListPrice/$1,049,000 - SalePrice/$905,000 - 4bd/3ba/2311 Starfish Ln/Sanibel, FL
ListPrice/$1,095,000 - SalePrice/$995,000 - 3bd/2ba/1995 My Tern Ct/Sanibel, FL
ListPrice/$1,140,000 - SalePrice/$1,075,000 - 4bd/3/1ba/475 Sawgrass Pl/Sanibel, FL
ListPrice/$1,185,000 - SalePrice/$925,000 - 3bd/3/2ba/191 Kingfisher Dr/N. Captiva, FL
ListPrice/$1,195,000 - SalePrice/$1,025,000 - 3bd/3/1ba/5729 Baltusrol Ct/Sanibel, FL
ListPrice/$1,295,000 - SalePrice/$1,232,500 - 4bd/3ba/5116 Joewood Dr/Sanibel, FL
ListPrice/$1,495,000 - SalePrice/$1,400,000 - 3bd/3ba/11541 Wightman Ln/Sanibel, FL
ListPrice/$1,595,000 - SalePrice/$1,475,000 - 3bd/3/1ba/ 800 Sand Dollar Dr/Sanibel, FL
ListPrice/$2,149,850 - SalePrice/$1,950,000 - 4b/3ba/4617 Rue Belle Mer/Sanibel, FL
ListPrice/$3,295,000 - SalePrice/$2,800,000 - 5bd/5/1ba/4697 Rue Belle Mer/Sanibel, FL
ListPrice/$5,900,000 - SalePrice/$5,000,000 - 4bd/4/1ba/3745 West Gulf Dr/Sanibel, FL

VACANT LAND
ListPrice/$49,000 - SalePrice/$30,000 - 4511 Smugglers Dr/N. Captiva, FL
ListPrice/$89,000 - SalePrice/$50,000 - 4430 Oyster Shell Dr/Captiva, FL
ListPrice/$125,000 - SalePrice/$100,000 - 978 Main St./Sanibel, FL
ListPrice/$300,000 - SalePrice/$300,000 - 5759 SanCap Rd/Sanibel, FL
ListPrice/$385,000 - SalePrice/$327,500 - 1253 Par View Dr/Sanibel, FL
ListPrice/$399,000 - SalePrice/$250,000 - 0 Old Trail/Sanibel, FL

COMMERCIAL/INDUSTRIAL
ListPrice/$485,555 - SalePrice/$415,000 - 414 Lagoon Dr/Sanibel, FL

CONDO
ListPrice/$235,000 - SalePrice/$230,000 - 2bd/1ba/A-31, TennisPlace/Sanibel, FL
ListPrice/$329,000 - SalePrice/$270,000 - 2bd/2ba/#721, Mariner Pointe/Sanibel, FL
ListPrice/$299,000 - SalePrice/$280,000 - 2bd/2ba/#733, Mariner Pointe/Sanibel, FL
ListPrice/$319,000 - SalePrice/$299,000 - 2bd/2ba/#203, Sanibel Siesta/Sanibel, FL
ListPrice/$359,000 - SalePrice/$330,000 - 2bd/2ba/#4A, SandPebble/Sanibel, FL
ListPrice/$399,000 - SalePrice/$335,000 - 1bd/1ba/#7, White Caps South, FL
ListPrice/$399,000 - SalePrice/$399,000 - 2bd/2ba/#373, Loggerhead Cay/Sanibel, FL
ListPrice/$399,000 - SalePrice/$399,000 - 2bd/2ba/H303, Sundial/Sanibel, FL
ListPrice/$399,000 - SalePrice/$342,000 - 2bd/2ba/#2A, Villa Sanibel/Sanibel, FL
ListPrice/$409,000 - SalePrice/$391,000 - 2bd/2ba/#2H, Coquina Beach/Sanibel,FL
ListPrice/$469,000 - SalePrice/$414,700 - 2bd/2ba/#621, Sanibel Moorings/Sanibel,FL
ListPrice/$475,000 - SalePrice/$435,500 - 2bd/2ba/#330B, Island Beach Club/Sanibel, FL
ListPrice/$479,000 - SalePrice/$457,500 - 1bd/1ba/#2312 Sunset Beach Villas/Captiva, FL
ListPrice/$480,000 - SalePrice/$420,000 - 2bd/2ba/#A4, Breakers West/Sanibel, FL
ListPrice/$495,000 - SalePrice/$475,000 - 2bd/2ba/#313, LightHouse Point/Sanibel, FL
ListPrice/$499,900 - SalePrice/$440,000 - 1bd/1ba/#4B1, Ocean's Reach/Sanibel, FL
ListPrice/$510,000 - SalePrice/$475,000 - 3bd/2/1ba/#1A, Heron at Sanctuary/Sanibel, FL
ListPrice/$529,000 - SalePrice/$480,000 - 2bd/2ba/#220-C, Island Beach Club/Sanibel, FL
ListPrice/$550,000 - SalePrice/$525,000 - 3bd/3ba/#4302, Bayside Villas/Captiva, FL
ListPrice/$569,000 - SalePrice/$480,000 - 3bd/3ba/#350B, Island Beach Club/Sanibel, FL
ListPrice/$599,000 - SalePrice/$480,000 - 2bd/2ba/#12,White Sands/Sanibel, FL
ListPrice/$599,000 - SalePrice/$439,000 - 2bd/2ba/#D36, Pointe Santo/Sanibel, FL
ListPrice/$625,000 - SalePrice/$575,000 - 2bd/2ba/#212, Snug Harbor/Sanibel, FL
ListPrice/$634,900 - SalePrice/$589,000 - 2bd/2/1ba/#2B, Heron at the Sanctuary/Sanibel, FL
ListPrice/$639,000 - SalePrice/$530,000 - 2bd/2ba/#2012, Gulf Beach Villas/Captiva, FL
ListPrice/$639,000 - SalePrice/$620,000 - 2bd/2ba/#2A, Captiva Hideaway/Captiva, FL
ListPrice/$649,000 - SalePrice/$575,000 - 2bd/2ba/#2E, Coquina Beach/Sanibel, FL
ListPrice/$679,900 - SalePrice/$628,900 - 2bd/2ba/#308, Nutmeg Village/Sanibel, FL
ListPrice/$699,000 - SalePrice/$665,000 - 3bd/2ba/#Q205, Sundial/Sanibel, FL
ListPrice/$699,000 - SalePrice/$670,000 - 2bd/2ba/#5C, Shell Island Beach Club/Sanibel, FL
ListPrice/$699,996 - SalePrice/$640,000 - 2bd/2ba/#325, LightHouse Point/Sanibel, FL
ListPrice/$799,000 - SalePrice/$800,000 - 2bd/2ba/#E201, Sundial/Sanibel, FL
ListPrice/$899,000 - SalePrice/$875,000 - 3bd/2ba/#R206, Sundial/Sanibel, FL
ListPrice/$935,000 - SalePrice/$900,000 - 3bd/2ba/#1B, Janthina/Sanibel, FL
ListPrice/$949,000 - SalePrice/$900,000 - 3bd/2ba/#A212, Plantation Village/Sanibel, FL
ListPrice/$995,000 - SalePrice/$830,000 - 2bd/2ba/#E36, Pointe Santo/Sanibel, FL
ListPrice/$995,000 - SalePrice/$875,000 - 3bd/2ba/#1421, Beach Cottages/ Captiva, FL
ListPrice/$998,000 - SalePrice/$840,000 - 3bd/3ba/#305, Seascape of Sanibel/Sanibel, FL
ListPrice/$1,049,000 - SalePrice/$939,000 - 2bd/2ba/#204, Atrium/Sanibel, FL
ListPrice/$1,099,000 - SalePrice/$950,000 - 2bd/2ba/#N204, Sundial/Sanibel, FL
ListPrice/$1,150,000 - SalePrice/$1,065,000 - 3bd/2ba/#16, Signal Inn/Sanibel, FL
ListPrice/$1,200,000 - SalePrice/$1,150,000 - 3bd/2ba/#301, Sunward of Sanibel/Sanibel, FL
ListPrice/$1,270,000 - SalePrice/$1,150,000 - 3bd.2ba/#205, Atrium/Sanibel, FL
ListPrice/$1,395,000 - SalePrice/$1,290,000 - 2bd/2ba/#C301, By The Sea/Sanibel, FL
ListPrice/$1,495,000 - SalePrice/$1,300,000 - 3bd/3ba/#D3, Dosinia of Sanibel/Sanibel, FL
ListPrice/$2,195,000 - SalePrice/$1,600,000 - 3bd/2ba/#15, Beach Homes/Captiva, FL
ListPrice/$3,495,000 - SalePrice/$2,648,630 - 3bd/2ba/#2, Chelsea Place/Sanibel, FL

,

Florida’s existing home, condo sales up in February


ORLANDO, Fla. – March 21, 2011 – Florida’s existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February’s statewide sales of existing condos rose 29 percent compared to the previous year’s sales figure.

Florida attracts 2.8 million over decade

WASHINGTON – March 21, 2011 – New Census data show that Florida has registered its seventh consecutive decade of double-digit population growth. While the nation as a whole grew by 9.7 percent, the number of Sunshine State residents surged 17.6 percent as 2.8 million more people put down stakes here from between 2000 and 2010.

Harsh winter may have triggered vacation home market rebound

WEST PALM BEACH, Fla. – March 18, 2011 – After several years of negative trends in the real estate industry, a recent market study shows signs of increasing consumer confidence. The third annual Cotton Report polled more than 800 participants on housing preferences, motivating factors, pricing levels and timelines for purchase. The survey included participants from 39 states, as well as Canada, Europe and Latin America.



While no direct correlation was made to the harsh winter temperatures, the research survey indicated a substantial increase in the number of homebuyers seeking a vacation home purchase, an increase of 800% year-over-year. This dynamic trend is further supported by an increase in the number of buyers describing their transition as a geographic relocation, now 40%.

Spring jobs outlook goes up in 2011

News-Press Ft Myers Fl

Job prospects are expected to be better this spring than a year ago even as hiring slows slightly from earlier this year according to a labor market forecast to be published today. About 16 percent of Lee County employers expect to increase their staffing from April to June which is doubled from the 8 percent recorded a year ago, according to Manpower Economic Outlook Survey. That is a doubling no matter which way you look at it

Sanibel Pendings

I find that tracking current number of pendings gives me a barometer on sales traffic. It represents the current inventory of properties in the title companies working toward a closing. The number decreases when a closing occurs but increases on a new pending. Sanibel Condominiums continues to grow each week as Residential has remained the same. Reported by Jay Richter Managing Broker



Pending Sanibel 2011 Residential total #’s

3/23 3/16 3/8 2/24 2/17

34 34 40 30 31



Pending Sanibel 2011 Condominiums total #’s

3/23 3/16 3/8 2/24

31 30 24 16