On Sanibel…on a daily basis my husband John and I get into our car to see new Sanibel Listings, giving us the benefit to view the surrounding neighborhood and the general outside condition of the property. Recently we saw four new properties, allowing us to be familiar with the current market of 44 homes.
Prior to the recent market (over the past 18 months) our home and condo inventory on Sanibel was 350-400 Units. There were only 25 Units for sale (only 10 homes) in late March of this year. Currently we are up to 44 homes and 26 condos on the market. In my opinion, this can be contributed to the slower “summer” season and our market “slowing down”. I’m also noting an increase in price reductions.(15 last week).
It is also my observation that a thoughtfully priced listing will sell in a short period of time. The big question is…what is a thoughtfully priced listing? If you are looking for an experienced local Realtor to render this opinion, my husband, John and I have 39 years of owning and selling property on Sanibel. We have build three homes here and sold a wide variety of Sanibel properties, including gulf front, bayfront, canal, near beach and starter homes, condos and lots. There is no obligation on your part, thinking of selling or want a price opinion? Give me a call.