Updated Sanibel Real Estate Stats
As of 11/16/13:
There were 184 home sales closed with an average price of $926,134 which is up +12.14% from 2012 and down 19.05% from 2006. There were 181 homes sold in all of 2012.
For Condos 150 have sold so far with an average selling price of $568,922. This is up 1.73% from 2012 and down 34.38% from 2006. In comparison 146 condos sold all of last year.
In the Vacant Lot category 22 have sold this year with an average price of $449,730. ## lots sold last year.
So overall, the volume of real estate sales are up and the number of active real estate sales listings is way down. This is putting upward pressure on real estate sales prices. The combination of lack of sales inventory and the definite prospect of higher interest rates in 2014 will continue to put upward pressure on sales prices. That said, smart buyers are here now selecting the best real estate opportunities on Sanibel & Captiva Islands!!!