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Sanibel Island Real Estate Sales Update - January to June 2009

Posted by Benjamin Dona on Tuesday, August 25th, 2009 at 6:58pm.

Sanibel Island Real EstateThe January thru June 2009 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 Real Estate Sales Data

Sanibel Island Homes Sales January-June 2009*:
  • 55 Closed Sales
  • Average Sales Price - $789,624
  • Median Sales Price - $615,000
  • Average Days on Market - 181
  • Average Sales Price/Square Foot - $344.86
Sanibel Island Condominium Sales January-June 2009*:
  • 34 Closed Sales
  • Average Sales Price - $670,367
  • Median Sales Price - $645,000
  • Average Days on Market - 182
  • Average Sales Price/Square Foot - $482.83

In comparison with 2008 sales data, we saw a 21% decrease in the number of home sales and a 2% increase in the number of condominium sales. The average price for homes fell by 11% while the average price for condominiums rose by 6%. Average days on market decreased 14% for homes and fell by 37% for condominiums.

Sanibel Island offers a variety of property choices and price ranges. Essentially, there's something for almost everyone. So, if you are interested in buying or selling a home or condominium on Sanibel Island, please contact us and one of our associates will be happy to assist you.

*Sales Data Statistics from SWFL and NABOR MLS

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