Sanibel Market Stats: March 2012 YTD

The Sanibel real estate market showed continued improvement in March. Buyers are active and we are seeing many more transactions than the previous few years.

Significantly, when comparing the year-to-date period ending in March to 2011, the average sales price is up 17%, from $681k to $800k. The total number of transactions is up 20%, from 97 to 116.

Don’t confuse the increase in the average sales price with price increases. Prices remain at a low and we are not seeing increased prices. My feeling is this is a reflection of the gaining comfort buyers have in purchasing more expensive properties.

Average Sales Price and # Closed Sales

Sanibel 2012 Jan thru March YTD Price Comparison

*these numbers are sourced from Pfeifer Realty Group

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.