Gorgeous Gulf Pines

& CaptivaProperty.net

Sanibel Real Estate - Captiva Real Estate - Island Real Estate - South West Florida Real Estate - International Investment

Island Condos - International Property Specialists - Tropical Paradise

Gorgeous Gulf Pines

Gulf Pines is an community by the beach on Sanibel Island's western side. It's natural and unspoiled with J.N. "Ding" Darling Wildlife Refuge bordering it to the north and Sanibel Captiva Conservation land to the east.

The community lifestyle is casual and relaxed but there's plenty to do with two swimming pools, several tennis courts, a clubhouse where activities abound during the winter season and one of the world's most idyllic beach paths leading to a shell strewn beach.

Check Sanibel Home Rentals for information about houses to rent.

Average island prices drop but sales pick up pointing to good season

The average price of property sold on Sanibel between January 1^st and September 30^th has dropped 19% so far this year making a 25 percent decrease on average prices of sold property on Sanibel over two years.

The most expensive properties showed the biggest drop with a 27 percent drop in beachfront property prices and a 23 percent drop in bay front property. The only property type that gained was inland property which increased 13 percent in the first three quarters of this year.

Captiva fared no better with property prices overall dropping 30 percent over the year and 26 percent over two years. All categories dropped with near beach properties dropping as much as 55 percent.

Take a longer view and the picture is better. Captiva does better than Sanibel. Over five years, the average price of Captiva property has gained 57 percent. (But bear in mind that Captiva was still recovering from Hurricane Charlie five years ago and prices were depressed.) Average prices on Sanibel dropped just 9 percent over five years.

Take a still longer view and all categories fared, if not brilliantly, at least adequately. Sanibel prices have increased 50 percent in the last ten years and Captiva prices have gone up 42 percent with Captiva beachfront and Captiva near beach homes starring with 86 percent and 94 percent increases respectively. For a spreadsheet of island prices over ten years and more, e-mail Wendy at Wendy@SanibelProperty.com

And now for even better news…… Following a dismal start, a lackluster spring and a mediocre summer, sales have already started picking up for the fall with 17 homes and 14 condos either pending or contingent. This is highly unusual: October is generally our slowest month.