Short Sales and Foreclosures
LAST UPDATED:
26 July 2014
Sanibel and Captiva Island Short Sales and Foreclosures can be found, however, they are less prevalent than in other areas. Many factors come into play that tends to buffer our islands during economic downturns.
Factors that tend to buffer our market include:
- Many Island property owners paid cash or no longer hold mortgages.
- Many properties generate investment income as vacation rentals.
- Many Island properties are purchased as second homes or winter residences.
- Our islands are a global destination and economic downturns result in an increase in international investors.
Short Sales and Foreclosures are posted on each weekly email.
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