Mon Nov 23 2020
This week the median list price for Sanibel, FL is $1,200,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 80.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,200,000|
|Per Square Foot||$479|
|Days on Market||229|
|Slight Seller's Advantage|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,497,450||4,610||1 - 2.5 acres||4||4||22||0||1||406|
|$1,695,000||3,279||0.25 - 0.5 acre||3||3||24||1||1||161|
|$977,000||2,172||0.25 - 0.5 acre||3||3||33||1||1||214|
|$612,000||1,466||0.25 - 0.5 acre||3||2||45||2||2||136|