How's the Real Estate Market??

Sanibel, FL

Single-Family Homes

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



Sanibel, FL

Thu Sep 16 2021
This week the median list price for Sanibel, FL is $2,100,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 31. 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 Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Sanibel, FL

Thu Sep 16 2021
This week the median list price for Sanibel, FL is $2,100,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 31. 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 Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sanibel market.
Median List Price $2,100,000
Median Price of New Listings $1,807,250
Per Square Foot $677
Average Days on Market 108
Median Days on Market 77
Price Decreased 26%
Price Increased 3%
Relisted 3%
Inventory 31
Median Rent $12,000
Market Action 40
Slight Seller's Advantage

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$4,695,000 3,639 1 - 2.5 acres 4 4 30 0 0 147
$2,745,000 3,391 0.25 - 0.5 acre 3 3 27 1 0 80
$1,769,500 2,720 0.25 - 0.5 acre 3 3 25 3 0 49
$1,062,500 2,016 0.25 - 0.5 acre 3 2 40 2 2 59