Pelican Bay – Naples, FL – What is happening in the low-rise condominium market in Pelican Bay? Let’s take a look at the first quarter 2016 low-rise closed sales and compare those numbers with the 2017 first quarter closed sales.
LOW-RISES
|
|
2016 |
2017 |
| # of Sales |
25 |
29 |
| Average Sales Price |
$648,120.00 |
$660,448.00 |
| Median Sales Price |
$639,000.00 |
$540,000.00 |
You can see that there was a modest increase in the average sales price and number of units sold in the first quarter of 2017. The median sales price did take a bit of a dip.
As of today, there are 53 low rise units on the market in Pelican Bay. We are in a “normal” market with an inventory that could last 6 months. If you are planning on selling a low-rise condo in Pelican Bay it is important to keep yourself up-to-date with current market conditions. I don’t really think this is the time for Sellers to get too aggressive with their pricing if they really want to sell.
Looking to buy in Pelican Bay? Click here: HOME FOR SALE. Enter zip code 34108 and your search criteria.
If you are thinking of selling your Pelican Bay home, please give me a call at 239-594-2780 or email me at Lynn@NaplesBuys.com. I’d be happy to discuss all the latest statistics and explain what they may mean to you.
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 39 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail atLynn@NaplesBuys.com or call 239-594-2780.
Pelican Bay Real Estate Expert Blog 
[…] a tad more closed sales than the first quarter of 2016. View 2017 Low-Rise Pelican Bay statistics HERE. To view the first quarter statistics for the Naples market click […]
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