Pelican Bay – Naples, FL – As I was reading through my trade e-mails this morning I ran across the following article I thought you might find interesting:
Source: COVID Migration: Who’s Moving to Fla. and Why?
My first reaction was “YIKES!”. While this article talks about Florida in general, it also takes a look at Palm Beach County. I would LOVE to see the stats on Collier County. Just based on the traffic I’ve been driving through in the last couple of months, I can tell we have an uptick in Collier County residents.
According to the above article, “More than 547,000 people exchanged out-of-state driver’s licenses last year for ones with Sunshine State addresses. ” It appears that residents of New York and New Jersey are leaving and taking up residence in Florida. Taxes up North, being able to work from home and Florida’s beautiful weather are all factoring into why people are moving into Florida.
Lack of inventory and higher prices seem to be a by product of people selling their high priced homes up North and purchasing here.
A couple of weeks ago I wrote an article for my neighborhood blog with my thoughts of the market in Pelican Bay. You can find that at: https://lambiance.wordpress.com/2022/01/27/my-crystal-ball/
As of this morning there were only 16 listings in ALL of Pelican Bay. Only 2 of those listings are under a million dollars. In the last 7 days there have been 19 pending sales in Pelican Bay. 17 of those pending listing were all over one million dollars. 6 of those pending listings were over 2 million dollars.
As I read the article I referenced above I kept thinking that all those buyers that are coming out of those expensive homes in high taxing States are definitely pushing the prices up here in Pelican Bay. If you have been toying with the idea of selling your Pelican Bay home, now is the time to do it.
We live in a beautiful place. It’s a joy to go down to our beach and enjoy the sunsets.
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If you are thinking of selling your Pelican Bay unit, give me a call at 239-641-9081. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 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 at Lynn@NaplesBuys.com or call 239-641-9081.
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