Let’s take a “snapshot” of today’s real estate market on Sanibel. For starters, our MLS inventory remains low at only 31 homes and 25 condos currently on the market. Going back 60 days, 24 homes closed with an average sales price of $1,600,208 and condos closed at an average sales price of $1,141,490. Worth noting is that the average negotiation off the listing price was 97%. The vacant lot market has all but disappeared. Drive around Sanibel and you will notice that many of the existing vacant lots now have newly built homes or homes under construction.

Other hot spots with limited supply are gulf and bay front homes… only two listed. Gulf front two-bedroom condos are very limited to 5 units. Near beach elevated homes, just 7 available. Right now, our market conditions favor the seller. I attribute this to our low inventory and continued demand for Sanibel. If you are selling, call me for a confidential interview on a selling price and a conversation regarding my commission fee that can save you over $14,000 on an average sale. Thank you for reading my column.

Ann Gee