Sanibel Real Estate Stats Compared to Last Year

Houses       Number Sold (closed)       Average Sale Price

2011                       178                        $820,569  (+5.85% from ’10)

2012(as of 9/29)    139                        $807,249  (-1.6% from ’11) (-29.44% from ’06)

Condos

2011                         143                       $589,213 (-3.18% from ’10)

2012 (as of 9/29)      130                       $567,290 (-3.72% from ’11)(-34.56% from ’06)

Lots

2011                            18                        $378,381

2012 (as of 9/29)         26                        $415,165 (includes 2 gulf front lot sales)

Overall, it appears that the number of sales is on track to equal or surpass last year, but selling prices are down a bit.  It’s a great time to be a buyer on Sanibel!