Where Is the Sanibel and Captiva Market Heading?

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The real estate market can be pretty complicated, and determining what conditions are like can be confusing. Luckily, we're here to help. We think that breaking the market down by price point is the easiest way to find relevant information about our market. 

If homes are selling slowly at a given price point, it means that the market is favorable for buyers, as they will have more negotiating power. If homes are selling quickly at a given price point, it means sellers have the upper hand. Finally, if homes are selling at a steady pace in a given price range, it means the market is balanced.

Looking back to 2013, the breaking point where the market started to favor buyers was around $600,000. That means, if the house was priced at or below $600K, the market was balanced or favorable to sellers. In 2014, that price point jumped to $800K, before shifting again to $1.4 million currently. What does this large shift mean for the real estate market here on Sanibel?

For starters, homes that are presented well, are ready to sell, and are in the right price range are going to sell quickly. Waiting is probably not the best option if you plan on moving to Sanibel & Captiva in the near future, so we suggest coming down and taking a look at what's available soon, before the best properties are gone.

If you have any questions about where the market is heading, or if you would like to start viewing homes in paradise today, we would love to hear from you. Give us a call or shoot us a quick email for the top-notch service you deserve!