Current Island Real Estate Market News - April 2015

Posted by Valerie Tutor on Saturday, April 4th, 2015 at 4:34pm.

Spring is here!  Easter on Sanibel and Captiva is such a special time, celebrating the risen Lord and all the hope and promise that He brings.   The season is winding down and many of our winter friends will soon be shuttering their homes to head back up north.  That doesn’t mean the real estate season is winding down though.  This year it has been hot, hot, hot.  The most surprising is homes over $1,000,000 have seen a 25% increase in sales with those luxury properties finding new owners quicker and quicker.  Right now, inventory on the islands is very low with only 190 homes and 148 condos on the market.  This winter season, 110 homes have sold on the islands for an average sale price just over $1,000,000 and 76 condos with an average sale price of $721,000.   Prices continue to rise at a steady pace, though they are doing so at a more reasonable pace.  The last three years have seen the “deals” disappear in SW Florida as we are again on firm footing moving forward.  Tourism numbers on Sanibel and Captiva have exploded and rental income condos and property on the island remain a great investment with a ROI exceeding many other investment opportunities. 

April and May are the prettiest months of all here with the water turning a turquoise blue-green that takes your breath away, porpoises jumping and showing off for each passing boat, the birds and wildlife romancing each other and the plants and flowers arrayed in their spring colors.  Please come see us – as always, I have saved you a seat! 

 

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VALERIE TUTOR

I am a true Florida native and proud of my heritage growing up in South Florida on an 80 acre cattle ranch only two hours from Sanibel. Since the early 1960s, my family loved to spend our free time on Sanibel and Captiva, so I pretty much grew up here. After living and working all over South and Central Florida, my husband and I were thrilled to be able to move home to Sanibel Island.

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Kingfisher Real Estate Inc National Association of Realtors Sanibel & Captiva Islands Specialist
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