Our Inventory of Homes, Condos and Lots for sale on Sanibel continues to “shrink”. 26 Homes 15 Condos and 17 Lots. The low end of our market has disappeared. For example, the median price of a home for sale is $2,174,500. Listings priced to current market conditions sell within a week.
Time to sell? Who knows? If you own a property that historically would have some resale issues, such as location or condition, now may be a good time to sell.
Buying? Be prepared to act quickly and pay 25-30% over a price of a year ago.