Sanibel Island Real Estate Sales Update - January to September 2008

The January thru September Sanibel Island real estate market statistics for both home and condominium sales are listed below. Sanibel Island, known as the "Shelling Capital" of the world, is one of Southwest Florida's true treasures. Only 12 miles long and 5 miles wide, Sanibel is a haven of natural beauty, very romantic, and a place of solitude. Imagine seventeen miles of pristine soft white sand beaches all surrounding waterways, mangroves and wetlands teeming with abundant wildlife. Throw in the island's quaint shopping experiences, numerous dining and nightlife choices, and 300 plus days of sunshine and you have the perfect Southwest Florida living destination.

Sanibel Island Sales Data

Sanibel Island Home Sales January-September 2008*:

• 92 Closed Sales
• Average Sales Price - $905,074
• Median Sales Price - $757,500
• Average Days on Market - 213
• Price/Square Foot - $365.75

Sanibel Island Condominium Sales January-September 2008*:

• 49 Closed Sales
• Average Sales Price - $618,534
• Median Sales Price - $535,000
• Average Days on Market - 266
• Price/Square Foot - $455.05

In comparison with 2007 sales data, we saw a 18% increase in the number of home sales and a 11% increase in the number of condominium sales. We also have seen a 5% decrease in the average price for homes and a 19% decrease in the average price for condominiums. Average days on market rose by 34% for homes and by 67% for condominiums.

Sanibel offers a variety of property choices and price ranges. Essentially, there's something for almost everyone. So, if you would like to explore more of what the Sanibel Island Real Estate market has to offer, please contact us and we'd be happy to assist you.

*Sales Data Statistics from SWFL and NABOR MLS