The
Fall 2006
  Schuldenfrei
Serving
Sanibel &
Captiva for
over 30 years
REPORT
About real estate on Sanibel and Captiva • Going to 7,000 local property owners and 18,000 
Northern visitors.
 
David L. Schuldenfrei
CRS, GRI, RealtorŪ

Selling the Islands for
more than 30 years

WHAT TO DO, WHAT TO DO!!  
Buy now because there is growth in the making. While forecasting is always a little dicey, 
we have found that there are five things that have historically supported real estate growth: location, which we offer in abundance; lifestyle quality, one of our big benefits; mortgage rates, still low by most standards; desirability, one of our major strengths; and demography, the baby boomers, who really enjoy the islands, are coming. We expect that once our current inventory is sold down these five things will come together and bring more buyers to this island paradise and stimulate a surging market. The smart thing to do is lead the pack and buy now to reap the benefits of tomorrows growth market.

   

 MARKET CHIT CHAT 

Your real estate market is acting a bit tired and grumpy lately (thru 9/23/06), mirroring the condition of markets throughout the country. The last time this happened was in 2001 when unit sales declined by almost 40% and average selling price by almost 10%. The market bounced back the next year and went on to surge in the next four years both in units sold and average selling price. We expect this will happen again after this year of market adjustment, correcting the imbalance between buyer and seller and leading to additional sales growth. As an aside, the sales performance on our islands is a whole lot better than our immediate neighbors. Naples and Punta Gorda saw sales declines that were a good deal greater than ours during the second quarter of this year. This is a tribute to the distinctive qualities of life on our paradise islands and gives reason to why we can expect further growth.       

SINGLE FAMILY HOME ACTIVITY

The single family home market is running behind last year in closed sales (9/23/06) but with 10% higher selling prices. The change in sales is pretty evenly distributed throughout the islands, whether waterfront or inland. Its interesting that the percent of change went up as the average sales price went down, so homes over $1 million showed less change than those under.

CONDO REPORT

The condominium market is also running behind last year in closed sales with 19% higher selling prices. Much like single family homes the higher priced units performed best. While 1 and 2 bedroom units are behind last years sales the 3 bedroom units are selling about 40% faster than last year.  

THE PEOPLE KEEP COMING

We continue to be a popular place for people to go to. The passenger numbers are in for June of this year at the Southwest Florida International Airport and they look good. There were 500,000 passengers who went through the airport and, certainly, a fair number came to these islands. The airport continues to outperform the industry based on numbers released by the Air Traffic Association and that's good news for us. Keep those people flying!

 

CONSERVATION EDUCATION
The Ding Darling Wildlife Society has announced that it will award $1,000 grants to five Lee County schools for conservation education-related projects. The schools may use the grant money to buy teaching aids, books, and other classroom materials. Or it could fund new classroom science projects, take field trips or conduct work projects in the community. The Wildlife Society was founded by local volunteers about a quarter century ago. It has become nationally known as the pioneer non-profit organization founded to help refuge managers support educational programs. It is really nice to see them reaching out to the community to educate the coming generation of conservationists. You can learn more about the society by going to their web site, www.dingdarlingsociety.org.

CLEANING UP
This years beach clean-up was a great success. More than 300 people turned out to clean our beaches and, in the process, they got to meet with a lot of nice people. The wonderful thing about it was the composition of those participating. Most of the participants were children and teenagers from various schools around Lee County. Now that is really nice!

 KAYAK OUTINGS
The Conservation Foundation, in cooperation with the Captiva Kayak Company is offering kayak outings led by a naturalist. They will be in our local estuarine waters in and around Buck Key, a unique island in the Pine Island Sound Aquatic Preserve. In addition to enjoying the sense of adventure in a water journey the naturalist will discuss the natural and cultural history of the area. There is no kayaking experience necessary for these trips. The kayaks are very stable and easy to paddle. It sounds like fun and worthwhile.

SMALL TOWN GOINGS ON
We are approaching the busy time of the year on these islands and all the various folks that help you enjoy your stay here are gearing up for your arrival. 

• The Schoolhouse Theatre has a schedule of rockin' revues.

• Big Arts has a number of showings and performances planned.

• The Refuge, Conservation Foundation and C.R.O.W. have useful and enjoyable programs.

• The beaches, of course, are always beckoning, as are golf, boating, tennis et al.

• Restaurants are trying to outdo each other which means great meals for you.

Most of all, everyone here wants you to have a wonderful time and are working hard to assure it.

BEAUTY IN THE MAKING 
For those of you who have been saddened by the destructive impact Hurricane Charley had on the lovely entrance to the islands along Periwinkle Way the steps to restore your happiness are underway. The project includes the planting of over 3,000 trees along Periwinkle Way plus the planting of native plant gardens at strategic intersections. This will be completed next year and will include the three miles from Lindgren Boulevard to Tarpon Bay Road plus Palm Ridge Road and the half mile of Tarpon Bay Road that goes to the bay. Its one more example of the can do attitude of the folks on these islands. Its an exciting project.



A SERIOUS THOUGHT
I recently came across a comment made some time ago by John Clark, the author of the Sanibel Report. It bears repeating and makes us all proud of the culture of these islands. In all my consulting, I have never seen a community so united as Sanibel in its efforts to preserve key elements of nature as a central part of its planning and lawmaking. Sanibel is such an important model of doing it right that I hope for the sake of the City and other communities, that the land use program stays on a high level forever. This is such an important part of what we do, individually or governmentally. It effectively describes who we are and how we choose to live our lives. And the remarkable thing is how consistently its been practiced all these years. Impressive! And I say this in spite of the fireworks ordinance.

CAUSEWAY PROGRESS
The construction of the causeway is continuing apace. There was a lot of wrangling in putting the plan together, though it was good wrangling. The final product is a pretty good demonstration of how two diverse groups can get together to make something work. It was worked out and Span B is supposed to be ready for traffic by November of this year and Span C by June of next year. We'll see how the schedule plays out and hope that it works as planned. 

OUTDOOR DINING
If you like outdoor eating and gambling on the weather you can now arrange it. Open air dining has not been widely available on the islands because it did not meet the requirements of the land development code. No more! The planning commission has approved an amendment to the code that will allow about 30 Sanibel restaurants to be eligible for 16 or more outside seats. Good news. Now you can have that romantic dinner with your special one while sitting under the stars.

 

DAVID SCHULDENFREI 
WANTS TO HELP YOU!

Call me when you need effective real estate experience. I am prepared to help you sell your property or buy a property or rent. I've been helping clients and customers for over 30 years so I know this island very well. Nobody knows it better than I. Let me help you. Just call, write, fax or e-mail me and I will serve you with confidentiality and knowledge - and more experience working on these islands than you can find anywhere else.

MORE SERVICE MEANS BETTER RESULTS

Just a reminder there are a number of services we have developed to make your real estate transaction as comfortable and fruitful as possible. It will be to your advantage to use them. Our 30 years of experience in helping people sell, buy or rent properties on Sanibel or Captiva islands has taught us what works for you and what doesn't - what's helpful and what isn't. We would like to put this experience to work for you. Some of our services are: 

MLS NOTIFICATION - lets you know whenever a property that meets your needs becomes available. You are notified the same day it comes on the market by e-mail.                                                                     

PRICING SERVICE If you want to know what price properties - similar to yours - have sold for recently we will prepare a written report for you. This free market analysis will help you with your pricing considerations, whether you are buying or selling. 

GOPHER ENTERPRISES - will help you find just the right condo or house to rent. They search all rental inventories throughout the islands to find just the right place for you. They will also inspect the property you reserve to be sure that it meets your standard for quality.

If you would like to learn more about these programs and how they can help you just go to www.schuldenfrei.com. And click on the link to the service that most interests you.

DAVID'S PLEDGE TO YOU 

If were fortunate enough to assume the responsibility for marketing your property, we will pledge to use every effective marketing tool that we have crafted over the past 30 years on these islands to give you professional counsel that will save you time, reduce the stress factor and put a sold sign on your property. We know our marketing works because we have seen it work and develop for over 30 years. So let my 30 years of successful Sanibel & Captiva Islands marketing experience go to work for you.

DAVID'S SHOWCASE

 
Your best interest is my only business...List your property with me and let my pledge work for you!

DAVE'S BEST BETS

Condos:

 
Sanibel Siesta 408 2 bed 2 bath Gulf View $829,000
Ocean's Reach 1B4 1 bed 1 bath Gulf Front $889,000
Ocean's Reach 2D3 2 bed 2 bath Gulf Front $1,100,000
Pointe Santo A-41 2 bed 2 bath Gulf View $1,200,000
Pointe Santo A34 2 bed 2 bath den Gulf Front $2,100,000
Pointe Santo B32 2 bed 2 bath Gulf View $950,000
Pointe Santo E33 2 bed 2 bath Gulf View $1,150,000
Pointe Santo C42 2 bed 2 bath Gulf View $1,200,000
Sayana 101 2 bed 2 bath Gulf Front $1,199,000
Gulfside Place 110 2 bed 2 bath Gulf View $1,250,000
Compass Point 141 2 bed 2 bath gulf Front $1,299,000

Houses:

 
408 Donax Street 3 bed 2 bath Pool $869,900
1504 Angel Drive 4 bed 3 bath Direct Access Canal $1,299,000
2228 Starfish Lane 3 bed 2 bath Pool $1,495,000

Lots:

5813 Pine Tree Drive Direct Access Canal Front $599,000
       
    VIP Realty Group, Inc.
 

 


www.schuldenfrei.com • 800 553-7338 x 227 • davids@schuldenfrei.com