2021 was a busy year for real estate nationwide and locally here in Southwest Florida!
Total Sales Volume Up 70%
In 2021, the total dollar volume of homes sold on Sanibel & Captiva was just under $882M! This is a 70% increase from the total sales volume from 2020.This number includes all residential home and condo sales on both Sanibel & Captiva Islands that were recorded in the San-Cap MLS.
As you can see in the chart below. This is a huge jump in the dollar volume of homes sold on Sanibel & Captiva over the past decade.
Dollar Volume of Sales on Sanibel & Captiva
Total Units Sold Up 34%
Our local real estate market, like most of the US, suffered from a lack of inventory of homes to sell in 2021. Still, we saw a 34% increase year-over-year in the total number of homes and condos sold on Sanibel & Captiva Islands. In fact, 712 units sold in 2021 vs the 533 units sold in 2020.
Number of Homes Sold on Sanibel & Captiva
Market Stats By Property Type
Below, we list the average sales price of homes sold in 2021, along with the average sale to list price ratio, and the average days on market. This data was taken from the Sanibel-Captiva MLS on Jan 17, 2022.
Sanibel Single Family Homes Sold in 2021
The arrows show the year-over-year (YOY) comparison from 2020. As you can see, the average sales price increased substantially, the average days on market were almost half that of 2020, and the list-to-sell ratio rose to 96%. These stats support the strong seller’s market that we experienced in 2021.
Sanibel Condos Sold in 2021
Similar to the single-family home sales on Sanibel, the condo market saw an increased average sales price, decreased number of days on market, and almost 100% average list to sales price ratio! This means that homes were selling very close to the asking price.
Captiva Single Family Homes Sold in 2021
The Captiva single-family home market was the only segment in which we saw a decrease in the average sales price compared to 2020. The days on market, while still high compared to other markets, did decrease by 14%. The average list to sales price ratio however saw a substantial 7% year-over-year increase.
Captiva Condos Sold in 2021
Last but not least, the Captiva condo market saw increases in all of the stats below, including the days on market, oddly enough. This goes to show you that not every category of the market reacts the same. When you drill down into the statistics, you’ll notice differences like this.
If you’re interested in learning more about the current Sanibel & Captiva real estate market, please don’t hesitate to send your questions to email@example.com or give us a call at 239-472-1950.