2013 Real Estate Stats for Sanibel

The following information is from our San Cap MLS.

HOUSES
Year – Number (closed) – Average Sale Price – Median Sale Price
2012 – 181 – $825,837(+.64% from ’11) – $560,000
2013 – 197 – $910,321(+10.23% from ’12) – $645,000
Note: 21 houses are under contract on 1/1/14, sale prices are not public at this point.
Additionally, there are 2 houses under short sale contract.

CONDOS
Year – Number (closed) – Average Sale Price – Median Sale Price
2012 – 146 – $559,061 (-5.54% from ’11)- $484,000
2013 – 162 – $570,696 (+2.08% from ’12)- $483,750
Note: 5 condos are under contract on 1/1/14, sale prices are not public at this point.
Additionally, 1 condo is under short sale contract.

As you can see from the above stats, the number of sales is up over last year and so is the average sale price for both condos and homes. Our market is on the way up so if you are thinking of buying on Sanibel, NOW IS THE TIME!