Real Estate News

SWFL April 2022 Real Estate Market Report

April 2022 SWFL Market Report

Closed Sales
Closed sales for the 12-month period ending April 30, 2022 were down 7.13% from the preceding 12-months, from 38,016 to 35,304. With the 12-month period through July 2021 marking the height of the buying frenzy with 42,071 closes sales, it comes as no surprise that 12-month rolling sales are now posting modest declines by comparison, and we should expect this trend to continue over the coming months as sales continue to normalize. Sales are still strong, however, with April 2022 posting 3,190 closed sales; an April sales pace only exceeded last year when 3,267 sales were posted for the month.

Listing Inventory / New Listings
2,590 properties were available as of April 30, 2022, up 3.31% from the same date in 2021. New listings during the twelve months ending April 30, 2022 were down 7.58%, from 39,179 to 36,210. After several months of year-over-year declines, monthly new listings for March and April posted increases of 5.91% and 3.34%, respectively.

Average Selling Price
The average selling price for the 12-month period through April 30, 2022 was $688,596, up 20.69% from the preceding 12-month period when the average selling price was $570,564.

While down 80% compared to pre-pandemic levels, listing inventory has posted slow and steady increases over the past three months. 2,590 homes were on the market as of April 30, a 27% increase from 2,035 posted in January. This is due in part to an increase in new listings in March and April, but also can be attributed to the pace of sales slowly cooling after several months of record-breaking activity. Compared to pre-pandemic levels, closed sales for the month of February were up by 31%. March reflected a 23% increase, and April’s closed sales were up 14% compared to pre-pandemic levels. This movement toward a closer-to-normal pace of sales is a welcomed trend for buyers desiring more options; however, with .88 months (27 days) of supply posted at the end of April, it’s clearly still a strong sellers’ market.

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Island Update

Ocean Tribe Paddling Club to host course

The Ocean Tribe Paddling Club will host a Coastal Kayaking Basic Rescue Skills course on May 5 from 1 to 3 p.m.; meet on the Causeway Island A — closest to the toll booth — at 12:45 p.m.

The course is for paddlers who want to learn basic fundamentals of rescuing their selves and others while kayaking. When paddling, one never knows the dangers that could be in the waters ahead. Learn how to get back in a kayak and help someone else if necessary.

Participants can bring their own vessel. Club members can reserve a loaner vessel in advance by contacting OTP@sccf.org. For more membership information, visit https://oceantribeoutfitters.org/.

To attend, RSVP at https://oceantribeoutfitters.org/eventsandregistration.

Island Update

2-for-1 Diner’s Delight books valid for use

The Sanibel-Captiva Kiwanis Club’s 2022 Diner’s Delight coupon book is now valid through Dec. 16. It contains two-for-one coupons for many island eateries, for a possible savings of over $500. The books are available for a $40 contribution. Proceeds from the fundraiser are used by the club to support its Scholarship Fund for local students and grants to island youth recreation and education programs. The books can be obtained from Kiwanis members or at Bailey’s General Store, Bank of the Islands, Big Red Q Printing, Island Pharmacy, Island Winds Coiffures, Periwinkle Park office, SanCap Pak-N-Ship, and Sanibel Captiva Community Bank.

Island Update

Summer fees for Wildlife Drive

The “Ding” Darling Wildlife Society-Friends of the Refuge, announced that admission fees will remain the same after the season ends for Wildlife Drive at the J.N. “Ding” Darling National Wildlife Refuge, located at 1 Wildlife Drive, Sanibel.

The $10 vehicle entry fee is valid for three consecutive days of admission, starting annually on May 1 and running through September. Keep your receipt to show at the entrance fee booth upon returning. Cyclists and pedestrians ages 16 and older pay $1 per visit.