Pelican Bay – Naples, FL – Today as I was reading through my on-line real estate articles, I came across these charts that I’d like to share with you. Keep in mind that Zillow is not the end all in projecting real estate prices (that’s another future blog article) but it provides a gauge to see how the market is headed. Here are the charts for zip code 34108. Keep in mind that Pelican Bay is just one of the communities that share this zip code.
34108 Median Sale Prices
34108 Median Sale/List Price Ratio
The above chart shows us that Sellers are accepting prices 7% under their median list price.
While the market in Naples is still driving by the under 300K price range. I would also say that the zip code 34108 has more activity in the lower price ranges.
It is interesting to note that rentals in Pelican Bay for the 2013 season are hard to find. I’ve been deluged with potential seasonal tenants calling me asking if I know of a condo for rent in Pelican Bay for 2013 season. I wonder if the rental market is so tight because people are still hesitant to buy a property. It has been my experience that people are cautious in buying real estate in an election year. Maybe after the election we’ll see more activity in the middle price ranges of Pelican Bay.
Should you be thinking of selling your home in Pelican Bay and want a candid assessment of what it would take to sell your home in today’s market, I would be happy to provide you with a free market evaluation. Feel free to call me at 239-594-2780 or e-mail me at:Lynn@NaplesBuys.com.
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 34 years of real estate experience and her area expertise have been valuable resources for Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com call 239-594-2780.
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