So far 2015 YTD Sales are up 29%. So far YTD sales on Sanibel & Captiva Islands have exceeded 144 Million with an additional 146 Milliion in pending sales. This same time frame last year resulted in 111 Million in closed sales and 123 Million in pending sales. This week resulted in 14 pending sales, 14 new listings, 21 price reductions and 16 closed sales.
The next few weeks may result in quite a few new listings as Winter residents head home. The convergence of several factors continue to create the "perfect buying & selling storm" here on the islands. Our record low inventory combined with a robust stock market and attractive mortgage interest rates are fueling activity.