Sanibel Island Real estate* Sanibel Island Homes for Sale * Real Estate Market Report Sanibel Island
Waterfront homes located on canals on Sanibel Island are selling better , but the average price has dropped over 20% since 2008. Buyers are looking for the lower-priced houses, on canals for the view and most of the time not for the access to the gulf for boating.
The sales of Short Sales and foreclosure listings have had an impact of the market values on Sanibel lower end sales have skewed the average sales prices on Sanibel. Home buyers are looking for pre-foreclosure and Bank Owned homes for sale looking for the bottom of the market on Sanibel Island.
Canal-front pool homes in Sanibel start around $600,000 and top out around 3 million dollars . Canal-front condos are available from $300,000 to $595,000.
“Home Buyers looking to purchase a home on Sanibel island this year are out there looking for the best priced deals, as prime waterfront locations has become less desirable as "Price Shopping" has taken over "The Location hunting" on Sanibel Island until we at least see the economy start to turn around.
Joe Kendall Realtor, Shore Line Realty Cape Coral & North Captiva Island
Waterfront & Foreclosure Specialist
Phone 239-560-0726 Fax 239-236-0422
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