This week 15 more island properties went under contract. Year to date, 147 island properties have closed and 154 sales are pending here on Sanibel & Captiva.

The question asked most often here on the islands is "How is the real estate market?" These sales figures speak for themselves. Buyers are finding and acquiring spectaculiar properties here on the Sanibel and Captiva.

As of March 9th, 2011 Island sales now total $126,174,331 in closed and pending sales here on Sanibel & Captiva Islands. Savvy buyers are acquiring some amazing properties here in paradise!

January resulted in more than $24 Million dollars in closed sales and $38.6 Million in pending sales here on Sanibel & Captiva Islands! Click the links below to view this week’s price reductions, featured listings, short sales, foreclosures, new listings and pending sales. Please feel free to contact us anytime or stop by the office for more information.

Mid-January numbers are in and 2011 is off to a strong start with $11.5 Million in closed sales and over $39 Million in pending & contingent sales to date.

Yesterday’s Wall Street Journal article “Market for Vacation Homes is on the Rise” noted that investors looking for vacation properties and second homes are increasing in many areas across the country. Here on Sanibel & Captiva, January is off to a good start with 17 sales and pending sales to date.

In 2010, over 227 million dollars of Sanibel and Captiva real estate closed representing 311 properties with an average sales price of $732,740. By comparison, 2009 resulted in 291 sales with an average sales price of $820,860. Attracted by decade low prices and low mortgage interest rates, savvy buyers acquired some outstanding island properties in 2010.

Thanks for a GREAT YEAR! As 2010 comes to a close, I have had the privilege of helping 32 families achieve their real estate goals here on Sanibel and Captiva Islands.

Are price reductions the best indication of motivation? Not always. All sellers have a goal in mind. They may be interested in another property, upgrading, down-sizing, retiring, or other financial goals. Not all motivated sellers reduce their asking price. Persistent, patient buyers are taking advantage of the good buys here on Sanibel & Captiva Islands!