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October 6, 2008
Our Snowbirds are returning.
Traffic has picked up. Restaurants
have reopened following their September hiatus.
This season, with the trauma in our economy, the Northern escapees
to our
Southwest Florida
paradise will be welcome indeed!
As I had a good response regarding the six-month chart I prepared, I
have now compiled the nine-month numbers for you.
You will note that the format is somewhat different, based on
feedback I received. The
enclosed includes information for the first three-quarters of the years
2008, 2007, 2006 and 2005, comparing number of closed sales, average
selling price, average days on the market (DOM), total sales volume, etc.
SP is selling price. All
info is from our San-Cap MLS. It
shows you, at a glance, what is happening on our islands.
I have just listed
461 Lighthouse Way
. It is a magnificently
renovated 4/4, with 4,453 square feet of air conditioned luxury.
The 20’ x 40’ great room is majestic, with 12’ ceilings, wet
bar and walls of sliders to the pool and dockage.
The home also includes an office, a master suite with private
reading/fitness room, several balconies with Bay and canal vistas, and a
sky deck the view from which, under the stars, will take your breath away!
You probably have heard of the passing of Gale
Bennett. Gale taught at BIG
Arts and at his studio in
Giverny
,
France
, where
Ada
, a co-worker and friend, and I were fortunate to attend one of his
classes. Gale was a master in
the use of primary colors to capture light, shading and balance, and in
the use of inspiration and encouragement to draw out true works of art
from his students. A not-to-be
missed artist’s reception will be held at BIG Arts on November 1 from
5:30 to 7:00 p.m. It will
include a 45-year retrospective of Gale’s work, as well as paintings by
several of his students.
Development, permitting and related issues have been
hot topics on
Sanibel Island
. Thank goodness the
continuation of the hearings has been scheduled for November, when many
seasonal residents will be on the island and, hence, able to participate.
Judy and I are happy to assist you with all your real estate needs. Give
us a call today! My email is mdonaldson@viprealty.com, and Judy’s is
jcook@viprealty.com. My phone
extension is 242; Judy’s is 240. My
cell is 239.850.0333. We look
forward to hearing from you. Thank
you for choosing to work with us.
My best,
Marlene J
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SANIBEL
RESIDENTIAL |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
127 |
121 |
134 |
224 |
| Avg DOM |
277 |
208 |
187 |
202 |
| Avg SP |
$922,422 |
$1,021,753 |
$1,125,726 |
$1,033,968 |
| Total volume |
$117,147,633 |
$123,632,055 |
$150,847,300 |
$231,608,786 |
| 10-04-08
Available for purchase: 233 |
Under contract: 14 |
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CAPTIVA
RESIDENTIAL |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
11 |
18 |
7 |
29 |
| Avg DOM |
435 |
294 |
276 |
325 |
| Avg SP |
$2,872,727 |
$2,701,983 |
$2,551,429 |
$2,330,431 |
| Total volume |
$31,600,000 |
$48,635,700 |
$17,860,000 |
$67,582,500 |
| 10-04-08
Available for purchase: 63 |
|
Under contract: 2 |
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SANIBEL
CONDOMINIUMS |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
79 |
76 |
123 |
203 |
| Avg DOM |
306 |
194 |
142 |
186 |
| Avg SP |
$727,599 |
$768,882 |
$881,981 |
$759,339 |
| Total volume |
$57,480,300 |
$58,435,000 |
$108,483,645 |
$154,145,730 |
| 10-04-08
Available for purchase: 245 |
Under contract: 3 |
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CAPTIVA
CONDOMINIUMS |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
16 |
10 |
18 |
39 |
| Avg DOM |
367 |
221 |
162 |
148 |
| Avg SP |
$897,594 |
$707,250 |
$1,293,056 |
$845,318 |
| Total volume |
$14,361,500 |
$7,072,500 |
$23,275,000 |
$32,967,411 |
| 10-04-08
Available for purchase: 63 |
Under contract: 1 |
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SANIBEL VACANT LAND |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
10 |
16 |
13 |
62 |
| Avg DOM |
308 |
281 |
127 |
272 |
| Avg SP |
$406,056 |
$889,791 |
$502,038 |
$500,418 |
| Total volume |
$4,060,555 |
$14,236,650 |
$6,526,500 |
$31,025,900 |
| 10-04-08
Available for purchase: 103 |
Under contract: 2 |
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CAPTIVA VACANT
LAND |
|
| First 9 months of |
2008 |
2007 |
2006 |
2005 |
| Closed Sales |
4 |
1 |
3 |
0 |
| Avg DOM |
418 |
186 |
495 |
|
| Avg SP |
$3,251,250 |
$3,575,000 |
$2,658,333 |
|
| Total volume |
$13,005,000 |
$3,575,000 |
$7,975,000 |
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| 10-04-08
Available for purchase: 9 |
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Under contract: 0 |
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| Marlene
Donaldson, Realtor |
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| VIP
Realty Group, Inc. |
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