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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$940,000|
|Per Square Foot||$468|
|Days on Market||257|
|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.
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|