Pfeifer Realty GroupWhere Success is Defined One Family at a Time

Sanibel and Captiva Real Estate

Boutique Office…Pfeifer Realty Group combinesmarket expertise and oldfashioned hard work togetherwith powerful technology andglobal internet saturation to helpyou reach your real estate goals.

…Big Results

Scan for a FREE List of ALLIsland Properties for Sale

Technology…

…You Can Count On!

Pfeifer Realty Group1630 Periwinkle WaySanibel Island, FL 33957www.SunnySanibel.comOffice: (239) 472-0004Toll Free: (866) 737-2289Office: (239) 472-0004 • Toll Free: (866) 737-2289

www.PfeiferRealtyGroup.com

Are We at the Bottom Yet?With so many mixed signals regarding

the economy, are buyers still waiting to in-vest in real estate? In some markets, savvyinvestors are acquiring tremendous realestate deals as they sift through numerousdistressed properties looking for motivatedbanks or sellers willing to negotiate. OnSanibel and Captiva, however, there havebeen only a few distressed properties, butthey have affected the values of real estateon the islands. Most sellers have a hardtime accepting it, but short sales and fore-closures have changed our market, andthat is why the number of closed andpending sales has increased in 2011.

Through November this year, therewere 30% more single family home saleson Sanibel over last year. The averageprice increased six percent while themedian price decreased five percent.During the same time period, the num-ber of condominium sales increased10% over 2010 with no significantchange in average or median sales price.

As the values of the homes dropped,many buyers feel that it is less expensiveto buy and remodel an existing home thanto build a new home. Therefore, lot saleson Sanibel have slowed down and the av-erage sales price has dropped about 30%.

On Captiva, as sellers finally ac-

cepted the adjustment in values, thesales doubled over 2010, but both theaverage and median prices declinedmore than ten percent. Condominiumsales remained fairly level, but the me-dian price dropped more than 30%.

Even though the inventory histori-cally picks up in the late fall and earlywinter, the inventory is lower than lastyear. With a leveling off of prices, mod-erate inventory and low interest rates,we are poised for another good year ofsales on Sanibel & Captiva. If you arewaiting for the media to announce thatwe have hit the bottom, you may missout on potentially the best buyers mar-ket of our lifetime.

Pfeifer Realty Group measures suc-cess one family at a time. As a locallyowned boutique office, our team of pro-fessionals work together to help ourclients achieve their goals. Contact ustoday and put Pfeifer Realty Group’steam of experts to work for your family.

Reality CheckBoutique Office…Pfeifer Realty Group combinesmarket expertise and oldfashioned hard work togetherwith powerful technology andglobal internet saturation to helpyou reach your real estate goals.

…Big Results

By Eric PfeiferBroker, Pfeifer Realty Group

Kim AlexanderNotary Public

(239) 472-0004

Karen Aulino Realtor®

(239) 851-5202

Susan McCallionRealtor®, CIPS

(239) 233-6117

Mary Ellen PfeiferMarketing

(239) 472-0004

Dan WexlerRealtor®

(202) 997-3404

Joe ZiccardiRealtor®

(239) 464-5528

Bob BuntrockBroker - Assoc.(239) 887-2704

Sabine Carsten Broker - Assoc.(239) 851-4512

Susan E. GordonRealtor®

(239) 699-4940

Kelly HalleBroker - Assoc.(239) 699-1935

Pfeifer Realty GroupWhere Success is Defined One Family at a Time

Sanibel and Captiva Real Estate

Eric PfeiferBroker - OwnerCIPS, CRS, GRI

(239) 851-3699

Lisette Hitt Realtor®

(239) 851-4921

Stop by our office on Periwinkle Way

Issue 1.12

Island Real Estate is… …Pfeifer Realty Group

…Canal Front Home$739,000

www.1019LindgrenBoulevard.com

…Panoramic Gulf Front Views$1,745,000

www.4809TradewindsDrive.com

…Sunrise Gulf Views$800,000

www.ShellIslandBeachClub6B.com

…Natural Light & River Views$299,000

www.SanibelShores.com

…Golf Course/Near Beach$794,900

www.1236ParViewDrive.com

…Tropical Gulf Breezes$469,000

www.SanibelArmsWestL6.com

…Top Floor Gulf Views$699,000

www.SanibelSurfside234.com

…Boater's Dream$549,000

www.MarinerPointe131.com

…Wide Open Vistas$929,000

www.SanibelSurfside125.com

Sanibel and Captiva Real Estatewww.SunnySanibel.com www.SunnyCaptiva.com

…Spectacular Bay Views$2,499,000

www.1232IsabelDrive.com

…Secluded Near Beach Home$749,000

www.228HurricaneLane.com

… Golf Course/Lake Views$499,000

www.1133SandCastleRoad.com

…Near Beach Oasis$529,000

www.LoggerheadCay311.com

…Partial Gulf Views$679,900

www.PointeSantoD24.com

…Unobstructed Gulf Views$899,000

www.LoggerheadCay513.com

…Two Story Canal Front Home$899,000

www.SunnySanibel.com

…River Front Duplex$399,000

www.SunnySanibel.com

…Large Tropical “Santiva” Lot$449,000

www.2562CoconutDrive.com

…Large Open Floor Plan$559,000

www.1417CauseyCourt.com

…Quiet Near Beach Hideaway$414,000

www.555ChertCourt.com

…Canal & Basin Views$699,900

www.SunnySanibel.com

…Charming Bungalow Style Inn$1,199,000

www.367PeriwinkleWay.com

…Desirable Canal Front Lot$549,000

www.SunnySanibel.com

HOMES

CONDOS

LAND

…Direct Access Canal Home$1,849,000

www.1520AngelDrive.com

…Outstanding Gulf Front Paradise$1,100,000

www.SandDollarC102.com

…Short Walk to Beach!$387,500

www.535PiedmontRoad.com

…Rebuilt Deep Water Canal Home$1,395,000

www.411LighthouseWay.com

…Near Beach Turn-Key Home$699,000

www.1350TahitiDrive.com

…Botanical Garden Lake Home$599,000

www.9454CottenCourt.com

…Tropical Canal Front Home$1,949,000

www.SunnySanibel.com

…Pond & Fairway View Lot$320,000

www.1304EagleRunDrive.com

…Private Near Beach Lot$425,000

www.2142StarfishLane.com

…Cul-de-Sac Double Lot$169,000

www.SunnySanibel.com

…Fabulous Gulf front Parcel$2,450,000

3935WestGulfDrive.com

…Near Beach Sophistication$1,100,000

www.1817BuckthornLane.com

…Near Beach with Amenities$699,000

www.303PeriwinkleWay.com

COMMERCIAL

…Golf Course/Near Beach Home$899,000

www.1316EagleRunDrive.com

…Unique Business Opportunity$150,000

www.SunnySanibel.com