Sanibel Market Update May 2020
How Is The Sanibel Real Estate Market?
You might be wondering how the local Sanibel real estate market has been affected by COVID-19. One of the best ways to digest the current real estate market is by reviewing recent sales statistics using data from our local MLS. Recording this data each month will help us to spot trends in months ahead.
It's important to keep in mind that the impact on local real estate might not yet be visible through sales statistics since real estate can easily take 45 days or more to transact. We also want to note that certain statistics on these reports have dramatic swings from month to month. This is normal. The data is based on what has sold in the past month, which will greatly vary statistics such as sales price, days on market, months inventory, etc. While it's good to compare market reports from previous months, don't get too hung up on what might seem like dramatic shifts in data.
We'll continue to provide this market report each month as a base point to compare in the months ahead. If you have any questions about what the statistics mean, don't hesitate to reach out! We're happy to review the current market with you over the phone or even via video chat where we can share and review data on our computer screen. You can reach us at 239-472-1950 or [email protected].
Sanibel Island Market Report
Median Sales Price
Months of Supply
Median Days on Market
Median Price per Square Foot
Previous Month's Market Report
Click the link below to view the previous report for April 2020.
Want To Dive Deeper?
We're happy to give you a more detailed report that better supports your specific home search criteria, or matches your current Sanibel home. For example, the results for median sales price will vary when you break down single-family homes vs condos, and or Sanibel vs Captiva.
For a more in-depth market report, email [email protected] or call 239-472-1950.