MAY 25th, 2010 SANIBEL ISLAND: So far this year on Sanibel, the number of closed or pending condo sales exceeds the total number of sales for all of 2009. The number of closed or pending house sales has surpassed the number sold during the same time frame in 2009 with the average and median price starting to increase. Please take a moment to open the links below to view all of the island real estate activity for this past week.
This week resulted in 31 price reductions following last weeks 38 price reductions on Sanibel and Captiva Islands. While many owners have taken their properties off the market during the Summer, several owners have reduced their asking prices.
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This week 19 more island properties went under contract. So far in 2011, closed and pending real estate sales have exceeded 193 million dollars on Sanibel & Captiva representing a 23% increase over this same period last year.
Trip Advisor just announced the winners of their 2011 Travelers’ Choice Beaches Awards and Sanibel and Captiva are both listed in their Top 10 Beach Destinations in the United States!
SANIBEL ISLAND, FL (April, 1 2010) – Wednesday’s seminar "Which Properties Are Selling And Why" held at the Sanibel Community House answered many questions regarding today’s real estate conditions and changes that could occur in the coming months as new legislation is enacted.
Recently Pfeifer Realty Group has experienced an increase in the number of calls and emails from foreign investors interested in Sanibel, Captiva, Cape Coral and Fort Myers real estate. The majority have come from investors and second home buyers in Canada and the United Kingdom. The dramatic drop in property values from their peak 4 years ago combined with a falling dollar have created a "once in a lifetime" opportunity for foreign investors to own a property in paradise.