As we head into our “busy season” here on the islands, we’ll start to see more and more homes come on the market. As you know, there’s a lot that is factored into deciding the “listing price” or “asking price” of a home. One of the biggest factors, of course, is the recent sales data of similar homes in the area. Homeowners often use these past sales prices as comparable figures to base the price and value of their own home.
To help you in the process, I’ve listed all of the sales of single family homes, multi-family homes, 1/2 duplexes and condos that have occurred on Sanibel and Captiva over the last three months (August – October, 2016). It’s important to remember that these sales happened during our “slower months,” with a few atypical factors included such as the U.S. Presidential election, etc. Still, I think the data provides a solid look at the Sanibel and Captiva real estate market and is a good basis for homeowners to start their comparison.
(Click on each chart to enlarge)
Below I’ve listed more statistics from the past three months. These represent the number of new residential homes and condos that have come on the market on Sanibel and Captiva, as well as the number of homes that went pending and sold during August, September and October of 2016. The days on market is an average taken from of the three months of sales, and the sales to list price ratio is an average of the sales and listing price of residential homes and condos that sold during the same theres month timeframe.