Sanibel and Captiva Island Real Estate - 2011 End of Year Sales Review

The 2011 end of year Sanibel and Captiva real estate market statistics for both home and condominium sales are listed below.

Captiva and Sanibel Islands are two of the most sought after destinations in all of Southwest Florida. Everything you could wish for from sunning, shelling, wave running, fishing, sailing, or just relaxing are available and most of it is just minutes away from anywhere you are located. Both markets offer many home choices that are just terrific; seaside condominiums, Gulf front mansions, old restored Florida cottages. Essentially, almost any type of property you can imagine. And, once you find just the right place, you’ll quickly come to understand, a Sanibel or Captiva Island home is a destination, a refuge, and a way of life unique unto its own.

Sanibel Real Estate Sales Data

• Total Sales of 250 versus 211 in 2010 - up 19%.
• 141 Homes Sold versus 110 in 2010 - up 28%.
• Average Sales Price for Homes - $782,662 - up 5%
• Median Sales Price for Homes - $575,000 - down 7%.
• Average Days on Market for Homes was 274 versus 251 in 2010.
• 109 Condos Sold versus 101 in 2010 - up 8%.
• Average Sales Price for Condos - $613,776 - down 1%
• Median Sales Price for Condos - $535,000 - up 1%.
• Average Days on Market for Condos was 279 versus 322 in 2010.

At the end of the December, there were 408 active residential properties listed in the Fort Myers MLS. That's a decrease of 18% versus this time last year.

Sanibel Island Closed Property Sales 2009 - 2011

Captiva Real Estate Sales Data

• Total Sales of 46 versus 24 in 2010 - up 16%.
• 30 Homes Sold versus 14 in 2010 - up 114%.
• Average Sales Price for Homes - $1,180,914 - up 20%
• Median Sales Price for Homes - $748,750 - up 14%.
• Average Days on Market for Homes was 256 versus 217 in 2010.
• 16 Condos Sold versus 10 in 2010 - up 60%.
• Average Sales Price for Condos - $641,006 - up 2%
• Median Sales Price for Condos - $590,000 - down 13%.
• Average Days on Market for Condos was 374 versus 350 in 2010.

At the end of the December, there were 110 active residential properties listed in the Fort Myers MLS. That's a decrease of 18% versus this time last year.

Captiva Island Closed Property Sales 2009 - 2011

As we head into the 2012 season, the data shows prices are rising and the inventory continues to fall. The bottom line is you need to be prepared for having less choice when it comes to purchasing a home or condo this season. And, in all likelihood, you're going to pay a little more for it this year too.

*Sales Statistics Data from FMLS