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

🌴 SW Florida September Market Update Sanibel – Josh Bohling - LPT Realty SW FL

• Federal Level: Ongoing discussions about potential cuts to the Fed rates.
• State Level: Proposals to eliminate property taxes.
• Economic Boost: A notable surge in Florida's tourism sector.

But the local Sanibel numbers paint the true picture...

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

*   📈 Closed sales units: 6 (down 53.8% vs Aug 2024)
*   📦 Active inventory units: 153 (up 53.0% vs Aug 2024)
*   🏡 New listings: 22 (up 15.8% vs Aug 2024)
*   💵 Median sales price: $1,091,500 (down 16.0% vs Aug 2024)
*   📉 Median price per sq ft: $525 (down 7.8% vs Aug 2024)
*   ⏳ Median days on market: 170 (up 12.6% vs Aug 2024)
*   📊 Months of supply: 25.5 (up 231.5% vs Aug 2024)
*   🔻 List-to-sale ratio: 87.5% (down 4.0% vs Aug 2024)

✅ Takeaway: The Sanibel single-family home market in August 2025 shows a significant decrease in closed sales and median sales price compared to August 2024. Active inventory and median days on market have increased substantially, indicating a slower market with more available homes and reduced buyer leverage.

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

*   📈 Closed sales units: 7 (up 40.0% vs Aug 2024)
*   📦 Active inventory units: 139 (up 67.5% vs Aug 2024)
*   🏡 New listings: 9 (no change vs Aug 2024)
*   💵 Median sales price: $515,000 (down 41.1% vs Aug 2024)
*   📉 Median price per sq ft: $520 (down 24.5% vs Aug 2024)
*   ⏳ Median days on market: 179 (up 39.8% vs Aug 2024)
*   📊 Months of supply: 19.9 (up 19.6% vs Aug 2024)
*   🔻 List-to-sale ratio: 89.9% (down 4.2% vs Aug 2024)

✅ Takeaway: The Sanibel condo and townhouse market in August 2025 shows a significant decrease in median sales price compared to August 2024, despite an increase in closed sales units. Active inventory and median days on market have increased, suggesting a slower market with more available homes and reduced buyer leverage.

🧠 What Does It All Mean?

Single Family Homes = Sanibel's single-family home market is experiencing a notable slowdown, characterized by significantly fewer closed sales and a decrease in median sales price. The substantial increase in active inventory and median days on market indicates a buyer's market with more options and increased negotiation power, but also a need for sellers to adjust expectations.

Condos/Townhomes = While closed sales for condos and townhomes have increased, the significant drop in median sales price and increase in median days on market suggest a softening market. Buyers in this segment also have increased leverage due to more available inventory and longer market times.

👉 The takeaway: The Sanibel real estate market in August 2025 clearly favors buyers, with both single-family homes and condos/townhomes seeing price reductions and increased inventory. This presents a unique opportunity for those looking to purchase property in Sanibel, as negotiation power has shifted significantly in their favor.

📞 Ready to make your move? Let’s talk strategy and find the right opportunity for you.

Josh Bohling REALTOR📍 LPT Realty | Southwest Florida
Cell📲 239-320-5326-Call or Text