Cape Coral- Fort Myers -Sanibel Island Florida Homes for Sale : Sanibel Island Market Report ! Joe Kendall, Shore Line Realty

Joe Kendall, Realtor with Shore Line Realty a Waterfront and Gated Community Expert in Cape Coral, Fort Myers, Fort Myers Beach, Sanibel Island

Sanibel Island Market Report ! Joe Kendall, Shore Line Realty

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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Keller Williams Realty Fort Myers & The Islands,

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Fort Myers / Fort Myers Beach / Cape Coral / Bonita Springs / Naples/ Sanibel Island 

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Comment balloon 0 commentsJoe Kendall Broker • August 16 2009 10:19PM