Sanibel October Market Update – Josh Bohling - LPT Realty SW FL

SW Florida October Market Update – Sanibel | Josh Bohling - LPT Realty SW FL

📍 Sanibel – Single Family Homes (September 2025 vs 2024)

📈 Closed sales: 13 (up 85.7%)
📦 Active inventory: 145 (up 54.3%)
🏡 New listings: 17 (up 30.8%)
💵 Median sales price: $929,000 (up 9.3%)
📉 Median Sold $/SqFt: $410 (down 16.8%)
⏳ Median days on market: 213 (up 9.5%)
📊 Months of supply: 11.2 (down 16.9%)
🔻 List-to-sale ratio: 91.8% (up 0.2%)

✅ Takeaway: The single-family market in Sanibel shows a mixed trend. While closed sales and new listings increased significantly, median sold price per square foot decreased. The increase in median days on market indicates homes are taking longer to sell, suggesting a shift towards a more balanced market with more options for buyers.

📍 Sanibel – Condos & Townhouses (September 2025 vs 2024)

📈 Closed sales: 7 (up 16.7%)
📦 Active inventory: 125 (up 64.5%)
🏡 New listings: 11 (no change)
💵 Median sales price: $800,000 (up 32.2%)
📉 Median Sold $/SqFt: $604 (down 17.0%)
⏳ Median days on market: 121 (up 9.0%)
📊 Months of supply: 17.9 (up 41.0%)
🔻 List-to-sale ratio: 90.5% (down 0.4%)

✅ Takeaway: The Sanibel condo/townhouse market shows a mixed trend. While closed sales and active inventory increased, median sold price per square foot and list-to-sale ratio decreased. The significant increase in months of supply indicates properties are taking longer to sell, suggesting a shift towards a more balanced market with more options for buyers.

🧠 What Does It All Mean?

Single Family Homes → The Sanibel single-family market is showing signs of a more balanced market. While closed sales are up, median sales prices are slightly down, and homes are taking significantly longer to sell. This suggests that buyers have more options and negotiation power.

Condos/Townhomes → The Sanibel condo/townhouse market is also moving towards a more balanced state. Despite an increase in closed sales, median sales prices and sold price per square foot have decreased, and properties are staying on the market longer. This indicates a more favorable environment for buyers seeking value.

👉 The takeaway: Sanibel offers diverse opportunities this fall. For single-family homes and condos/townhouses, the market is becoming more balanced, providing buyers with more choices and negotiation leverage due to increased days on market and some price adjustments. Whether you’re looking for a single-family home or a condo, conditions are favorable and inventory is available.

📞 Thinking about making a move in Southwest Florida? Let’s talk strategy and find the right fit for you.

Josh