Sanibel Real Estate Stats
As of 7/13/13 there have been 136 closed house sales with 26 more under contract and an additional 6 more under short sale contract. The average selling price of $949,297 is way up from last years average of $825,837.
On the condo side of the market, there have been 100 closed sales with 24 more under contract and one under short sale contract. The average sale price this year is $529,220 which is down from last years average of $559,061.
There have been 12 lots sold with 3 more under contract.
This year started with numbers of sales way up. Things have cooled a bit, but all indicators suggest things will ramp up again this fall. If you have been on the fence for awhile thinking prices will continue to fall, it’s time to jump in. This is your opportunity to buy your piece of island paradise.