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

 Island Condos - International Property Specialists - Tropical Paradise

 

 

 

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The expert way to buy and sell property

Discover how easy it is to buy and sell island property.

The first step is right here. Browse all homes, condos and land for sale in the Sanibel and Captiva area.

When you see something you like, contact SanibelProperty.com. We'll get right back to you with details and photos.

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We have up-to-the-minute information on what's for sale , as well as a link to the very best  rental properties on the islands.

Don't miss our quarterly newsletter. It's a must if you own property on the islands. Click newsletter to track the current value of your property. For a more detailed no-obligation assessment of its value click here  and we'll get an objective market analysis to you within two days.

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

The average price of property sold on Sanibel between January 1st and September 30th 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.