Captiva Market Analysis – Snapshot 2010

How was the Captiva market this past year? Not so great, overall the number of transactions that closed decreased from 2009 to 2010. It’s encouraging to see that median sell prices went up.

2010 Captiva Snapshot – key market indicators

CAPTIVA 2009 2010 % change
Sold Homes 16 10 -38%
Average Sell Price $2,573,016 $2,258,250 -12%
Median Sell Price $1,822,500 $1,835,000 0.68%

 

CAPTIVA 2009 2010 % change
Sold Condos 22 26 18%
Average Sell Price $804,818 $685,730 -9%
Median Sell Price $645,000 $672,500 4%

 

CAPTIVA 2009 2010 % change
Sold Lots 3 2 -33%
Average Sell Price $2,241,667 $2,850,000 27%
Median Sell Price $275,000 $245,000 -11%

 

Captiva home sales also declined in 2010 from 16 homes sold in 2009 to 10 homes sold in 2010.  The median home price rose 19% from 2009 to 2010 and the average home sale price declined by 12%.  Captiva condo sales improved by 18% in 2010, the median sale price, up by 4%, was $672,500 and the average sales price, down by 15%, was $685,730.  Captiva buildable lot sales remained somewhat flat – 3 lot sales in 2009 and 2 lot sales in 2010. Median sale price for Captiva lots – up 14%. Average sale price for Captiva lots – up 27%. The Captiva list to sell ratio for homes was 87% in 2009 and 81% in 2010; the condo list to sell ratio was approximately 90% for both 2009 and 2010.

Please note:  Only closed transactions were used for the Captiva Market Analysis Summary above.

Susan McCallion About Susan McCallion

Meet "Your Favorite Redhead." Susan was exposed to real estate while young with her parent's 8 Re/MAX offices in Connecticut! In 2008, Susan and Jim became permanent Sanibel residents, starting McCallion & McCallion to bring a fresh approach to real estate.