by Broker Associate Sarah Ashton, Ashton Kirchner Group, Keller Williams Realty
2020 was an unusual year in so many ways and Real Estate was right there in the mix. Who could have predicted that a global pandemic would drive a Real Estate boom in so many parts of the country? The low inventory of Single Family homes here, and in many areas drove a frenzy of activity which also resulted in price appreciation in many markets.
Sanibel and Captiva Islands joined in the frenzy. As shown by the chart below, our overall sales volume in 2020 rose by 41% in Sanibel and 65% in Captiva. Amazing!! Along with that we saw our prices rise.
That low inventory I mentioned, Sanibel and Captiva are experiencing a shortage in inventory the likes of which many of us have never seen. With a mere 64 Active home listings on Sanibel and 29 on Captiva it may be a disappointing time for some buyers looking for their piece of the islands. Condos are in the same situation. There are only 84 Active Condo listings on Sanibel and 20 on Captiva. Clearly more listings come on every week but it is a zero sum game as an equal number or more go under contract.
Let’s see what 2021 brings!
2020 Sold Properties VS 2019 Sold Properties (Sanibel)
| No. Sold In 2020 | 2020 Price Range | No. Sold In 2019 | 2019 Price Range | Volume % Change | |
|---|---|---|---|---|---|
| Houses | 287 | $355K - $5.5M | 211 | $355K - $6.45M | 36% |
| Condos | 188 | $235K - $2.425M | 127 | $214K - $2.447M | 48% |
| Vacant Land | 23 | $100K - $2.38M | 15 | $138K - $1.3M | 53% |
2020 Sold Properties VS 2019 Sold Properties (Captiva)
| No. Sold In 2020 | 2020 Price Range | No. Sold In 2019 | 2019 Price Range | Volume % Change | |
|---|---|---|---|---|---|
| Houses | 26 | $954K - $6.849M | 17 | $825K - $6.3M | 53% |
| Condos | 47 | $300K - $3.150M | 29 | $316.5K - $3.750M | 62% |
| Vacant Land | 5 | $700K - $5.6M | 1 | $1,375,000 | 400% |
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