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Real Estate News

December 2021 Southwest Florida Real Estate Marker Report

Closed Sales
Closed sales for the 12-month period ending December 31 were up 23% from the preceding 12-months, from 31,834 to 39,179. Sales for the month of December, although down 20% from the unprecedented surge we experienced in 2020, were up 34% when compared to pre-pandemic levels of the three preceding years.

Listing Inventory / New Listings
With 2,108 properties on the market as of December 31, listing inventory remains low. This is less due to a lack of listings entering the market than it is to the rate at which listings are selling. New listings for the 12-month period ending December 31 were down 4% from the preceding 12 months, from 37,855 to 36,282.

Average Selling Price
The average selling price for the 12-months through December 31 was $641,354, up 24% from the preceding 12-month period when the average selling price was $518,791.

Summary
Despite historically low standing inventory throughout the year, with nearly 40,000 properties sold, 2021 broke all past annual closed sales records. New listings, although down somewhat from 2020, still came in at a steady pace but most were spoken for by buyers right away, sometimes even prior to the listings making it to the Multiple Listing System and thereby never being counted in the standing inventory. 2021 also realized a notable increase in the average sales price with a 24% gain over the preceding year. By comparison, 2020 posted a 17% increase. Notably, prior to these considerable increases, the average price only rose an average of 2% per year from 2016 through 2019. The average sales price in Southwest Florida has risen an average of 11% per year over the past five years.
For 2021, John R. Wood Properties surpassed all other brokerages in total closed transactions, total closed sales volume, and total listings sold in Southwest Florida!

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Island Update

Pine Island Sounds to feature Ryan Scott

In partnership with Captiva Cruises and Todd and Leanne Marcum, the Sanibel-Captiva Conservation Foundation’s next  Pine Island Sounds cruise will feature Ryan Scott on Jan. 16 from 4 to 6 p.m.; it will depart from McCarthy’s Marina, at 11401 Andy Rosse Lane, Captiva. Scott is a Brooklyn-based guitarist and soul singer whose music embodies rock ‘n’ roll and soul in its purest form, influenced by the blues-rock guitar lineage, New York’s jazz tradition, New Orleans R&B, Brazilian psychedelia and more. Tickets are $100 and include first drinks provided by Janie Howland and Jack Thomas and snack box from Catering by Leslie Adams. A cash bar will also be available. Proceeds will benefit the SCCF’s water quality efforts including research, policy and educational outreach. For more information or tickets, visit https://pineislandsounds.eventbrite.com.

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Island Update

Sanibel Captiva “Let’s Pink Out” Breast Cancer Awareness Gala”

The LeAneSUAREZGroup was one of the key sponsors for the Let’s Pink Out Sanibel Captiva Pink-A-Ball gala held on Saturday, October 9th at Sundial Beach Resort and Spa.

Pink Out

Let’s Pink Out raises funds for uninsured and underinsured residents and employees of Sanibel and Captiva islands who need mammograms and assistance with other cancer-related needs.

2021 marked the 10th year for the organization which has grown from a simple picnic table at the Sanibel Fire Station during the month of October to a month-long affair with a variety of wonderful community events.

LeAne and the entire Suarez family were honored to support the breast cancer needs of their community and especially support John R. Wood Properties very own staff member and breast cancer survivor, Ann Neubauer.

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Island Update

Historical village announces gala sponsors

The Sanibel Historical Museum and Village announced that the Blue Giraffe Restaurant is a platinum sponsor and Bailey’s General Store is a silver sponsor for its Gala Movie Premiere on Feb. 22. The event will feature the documentary “Secrets & Stories of the Sanibel Lighthouse.” For sponsorship information, call Executive Director Emilie Alfino at 239-472-4648 or 239-357-1644.

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Island Update

The charm of Captiva is here to stay

Watch this episode of SoWeFlo where LeAne explains why Captiva is so special and what’s like to live here. John R Wood Properties and LeAneSUAREZGroup presents SoWeFlo Life…

 

Categories
Real Estate News

Southwest Florida Real Estate Market Report 2021

Closed Sales
Closed sales for the 12-month period ending November 30 were up 30% from the preceding 12-months, from 30,675 to 39,641. Year-to-date, closed sales posted a 28% increase over the same period last year. Sales for the month of November, although down 18% from the unprecedented surge we experienced last year, were up 37% when compared to pre-pandemic levels of the three preceding years.

Listing Inventory / New Listings
With 2,229 properties on the market as of November 30, listing inventory has decreased somewhat since a modest increase that occurred over the summer. New listings for the 12-month period ending November 30 were down 4% from the preceding 12 months, from 38,145 to 36,554. For the month of November, new listings were down 13% from last year, and down 33% from the average of the three preceding years.

Average Selling Price
The average selling price for the 12-months through November 30 was $630,814, up 25% from the preceding 12-month period when the average selling price was $502,766.

Summary
After listing inventory posted modest growth in late spring and over the summer months, the number of listing on the market has declined somewhat due to a slower than usual pace of listings entering the market in October and November. The fall and early winter months are typically the slowest for new listings, and the rate at which listings enter the market for those months tends to vary from year to year. Although there’s little doubt that low standing inventory has constrained sales to some degree, closed sales for October and November were still up 33% compared to pre-pandemic levels. The busiest months for new listings are January through March and, if history is any indication, an increase in new listings over the next few months will fuel the market by further satisfying continued exceptionally strong demand.

It is my pleasure to inform you that John R. Wood Properties continues to lead the Southwest Florida market in closed dollar volume and closed units!

Categories
Island Update

Captiva chapel to host annual community sing-along

Come and join the Captiva Chapel by the Sea for its 11th Annual Community Carol Sing on Dec. 12 from 6 to 7 p.m. The program will include popular and sacred seasonal selections for attendees to sing along to.

The Rev. Larry L. Marshall will be the host for the evening, while chapel organist Lynne Dugan and her husband, Bob, lead the music. Attendees will have the chance to sing along to a variety of seasonal selections, from “Jingle Bells” and “Oh Holy Night” to “Joy to the World,” in the casual setting. Ample outside seating will be available, in addition to seats in the chapel.

For more information, visit https://www.captivachapel.com/ or call 239-395-1886. The Chapel by the Sea is located at 11580 Chapin Lane, Captiva.

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Island Update

Christmas Boat Parade, Fort Myers Beach

Celebrate an evening of lights and holiday cheer, Floridastyle, on a boat! Traverse the backwaters of Fort Myers Beach as boaters begin the parade at 6 p.m. Saturday, Dec. 4, at Salty Sam’s Marina, go through Pelican Bay and toward Bowditch Point to finish the parade around 8 p.m. Salty Sam’s Marina, 2500 Main St., Fort Myers Beach, 239-454-7500.

Two years ago the Ft Myers Beach Parade boat was voted the 5th Best Holiday Parade in a USA Today 10BEST poll. Click here for more info

Categories
Island Update

Captiva Holiday Village Golf Cart Parade 2021

Don’t miss the Golf Cart Parade this Saturday, December 4th, from 3:30 pm to 5:30 pm. The parade begins and South Seas Island Resort and goes through the Village. If you’d like to participate, you can rent carts from Sunny Island Adventures. All golf carts must incorporate a holiday theme and check-in by 2 pm at the Sand Dollar Plaza parking lot.

Rain or Shine.

  • 2pm check-in & ohotographs of golf cars at South Seas Isalnd Resort,
  • Judging begins at 2:30pm
  • Proceeds benefit Sanibel Capiva Conservation Foundation (SCCF)
  • Awads Party is at South Seas Sand Dollar Plaza

People’s Choice Award!

Vote for your favorite entry at Facebook.com/SouthSeasResortVillage. Photos of all entries will be posted. Tuesday, December 11th the winner wil be announced.

Awards Presentation Party immediately following the Parade.

Categories
Island Update

Dunes offering pickleball memberships with courts expansion

The Dunes Golf & Tennis Club on Sanibel recently announced a planned expansion of its pickleball courts and the chance to reserve one of 50 pre-construction memberships for purchase on Dec. 1.

A pickleball membership includes access to the club and unlimited court time for the balance of 2022 and 2023. Benefits include 20 percent off pickleball lessons, use of the pool and sundeck, charging privileges at the club, invitations to member-only events, preferred dining reservations, 15 percent off in the dining room and bar, 20 percent off golf and tennis apparel, and reduced fees for the outdoor entertainment pavilion.

For more information, visit DunesGolfSanibel.com or call 239-472-3355.

The Dunes Golf & Tennis Club is at 949 Sand Castle Road, Sanibel.