How's the Real Estate Market??

Sanibel, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Sanibel, FL

Wed Jul 15 2020
This week the median list price for Sanibel, FL is $940,000 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 139. Click here to stay informed with the Sanibel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Sanibel, FL

Wed Jul 15 2020
This week the median list price for Sanibel, FL is $940,000 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 139. Click here to stay informed with the Sanibel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Sanibel market.
Median List Price $940,000
Per Square Foot $468
Days on Market 257
Price Decreased 32%
Price Increased 0%
Relisted 10%
Inventory 139
Median Rent $412,000
Most Expensive $11,500,000
Least Expensive $419,000
Market Action 26
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,749,500 3,809 0.5 - 1 acre 4 5 23 1 0 364
$1,100,000 2,336 0.25 - 0.5 acre 3 3 41 1 5 290
$844,500 1,921 0.25 - 0.5 acre 3 2 40 2 1 184
$644,444 1,512 0.25 - 0.5 acre 3 2 36 2 4 193