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Archive for the ‘Pelican Bay Real Estate Statistics’ Category


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.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Florida Beaches and Spectacular Sunsets. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

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.

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Pelican Bay – Naples, FL –  Pelican Bay offers a variety of building designs for its buyers.  A low-rise building design is one with 1-3 floors.  Some low-rises have carports; some have attached or detached garages. There are different views and floor plans to appeal to all sorts of buyers.  Let’s take a look at how the low-rise building design fared in terms of pricing from 2015-2016. 

Average Sales Price Median Sales Price Days on Market
2015 $544,189.00 $492,500.00 113
2016 $589,451.00 $560,000.00 148

In 2015 there were 112 low-rise sales.  2016 saw 91 sales.

As of today, there have been 11 closed sales with an average sales price of $703,818.00 and median price of $755,000.00.  There are currently 19 pending sales with an average price of $656,503.00 and a median price of $565,000.00.  We have 68 active listings that represent an inventory that could last 8.77 months.  A “normal” market has 6 months of inventory.

In 2015 low-rise sellers were obtaining 94.13% of their original asking price.  2016 saw sellers receiving 93.14% of their original asking price.  Since January 1, 2017 sellers are receiving 92.07% of their original asking price.  While low-rise numbers show in increase in sales price, I have seen more listings fail to sell and price reductions than I have seen in a long time.

The 2016 YTD Naples condominium real estate statistics show a slow down in the market for  and an increase in inventory.

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.

Looking to buy in Pelican Bay? Click here: HOME FOR SALE. Enter zip code  34108 and your search criteria.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Florida Beaches and Spectacular Sunsets. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

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.

YouTube | Linkedin | Website | Twitter | FaceBook | Reviews

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Pelican Bay – Naples, FL –  What is happening with the prices on low-rise condos in Pelican Bay?  I was working on this question today so I decided to share my findings with you.  The median price of a low-rise condo in Pelican Bay at year end 2015 was $492,500.00.  From January 1, 2016 – August 29, 2016 the median price of a low-rise condo is $595,000.00 which is an increase of 20.81%!

2016 01-08

Low-Rise condo average and median sale prices  in Pelican Bay January 1, 2016 – August 29, 2016

In the process of looking at the above figures, I also looked at the 12-month period ending June 2016 for sold condos in all of Naples.

2nd Quarter 2016 Naples Condo Stats 

You’ll note on the 2nd quarter report that 62.84% of all condo sales in Naples were in the 0-300K price range.  The Naples Beach area accounted for 21.37% of all the condo sales and had a median price of $625,000.00.  The median price of a low-rise condo in Pelican Bay is $595,000.00.   Pelican Bay currently has 47 low-rise condos on the market.  There have been 8.5 sales a month since the beginning of 2016 for low-rise condos in Pelican Bay. This gives us an absorption rate of 5.5 months.   A “normal” market has an absorption rate of 6 months.

I was curious to see what the percentage difference was in the median price between a 2 bedroom plus den vs a 3 bedroom low-rise condo in Pelican Bay.  It turns out that the median price of the 3 bedroom low-rise in Pelican Bay is 16.7% higher than the median price of a two bedroom plus den low-rise in Pelican Bay.

Pelican Bay is truly an amazing place to live. If you are thinking about owning a second home in Pelican Bay, call me. I’d be delighted to help you find your place in paradise.

Thinking of selling a home in Pelican Bay? Call or e-mail me at 239-594-2780 or Lynn@NaplesBuys.com  I’d be happy to discuss how much your home is worth in today’s market.

Looking to buy in Pelican Bay? Click here: HOME FOR SALE. Enter zip code  34108 and your search criteria.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Florida Beaches and Spectacular Sunsets. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

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.

YouTube | Linkedin | Website | Twitter | FaceBook

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Pelican Bay – Naples, FL – Today found me setting up showing appointments for out of town Buyers that are coming in on Monday and working on a market evaluation for a Seller who owns a low-rise in Pelican Bay.  In the process of doing the market evaluation, I calculated the real estate statistics for low-rises in Pelican Bay for the third quarter of 2014 in comparison to the third quarter of 2015. Here’s what I discovered:

3rd Quarter Stats

2014

2015

# of Sales

21

21

Average Sales Price

$409,137.00

$574,262.00

Median Sales Price

$388,000.00

$515,000.00

Days on Market

187

100

Close Price to List Price Ratio

94.1%

94.3%

It amazed me that we had the exact number of sales in both third quarters!  What is interesting is the jump in both the average and median sale prices for the quarters.  The days on the market decreased substantially from 2014 to 2015. Sellers are still getting roughly 94% of their asking prices.

As of today, there are only 27 low-rise listings on the market in Pelican Bay. That’s pretty slim pickings for Buyers and good news for Sellers.

Thinking of selling a home in Pelican Bay? Call or e-mail me at 239-594-2780 or Lynn@NaplesBuys.com  I’d be happy to discuss how much your home is worth in today’s market.

Looking to buy in Pelican Bay? Click here: HOME FOR SALE.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Florida Beaches and Spectacular Sunsets. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment about this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 37 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 239-594-2780.

YouTube | Linkedin | Website | Twitter | FaceBook

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Pelican Bay – Naples, FL – Have you thought about owning a condo in Pelican Bay?  Have you wondered how much condos cost in Pelican Bay?  I was wondering about the most popular price range for low rise condos in Pelican Bay the other day and did some research.

From January 1st – November 1st 2015 there have been 101 low rise condo sales in Pelican Bay.  Here’s how they broke down by sales price:

Sales Price Range

Number of Sales

$200,000.00 – $299,999.99                     2
$300,000.00 – $399,999.99                   16
$400,000.00 – $499,999.99                   33
$500,000.00 – $599,999.99                   21
$600,000.00 – $699,999.99                   13
$700,000.00 – $799,999.99                     5
$800,000.00 – $899,999.99                     5
$900,000.00 – $999,999.99                     4
$1,000,000.00 +                     2

You can see by reviewing the chart that the most popular price range for a low rise in Pelican Bay is between $400,000.00 – $499,999.99 with 33 sales. As of today, there are only TWENTY-SIX low rise condos on the market in Pelican Bay. Only 8 of them are listed between $400,000.00 – $499,999.99.  I can guess that buyers in this price range will have a lot of competition trying to find a low rise condo in Pelican Bay.

Thinking of selling a home in Pelican Bay? Call or e-mail me at 239-594-2780 or Lynn@NaplesBuys.com  I’d be happy to discuss how much your home is worth in today’s market.

Looking to buy in Pelican Bay? Click here: HOME FOR SALE.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Florida Beaches and Spectacular Sunsets. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment about this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 37 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 239-594-2780.

YouTube | Linkedin | Website | Twitter | FaceBook

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Pelican Bay – Naples, FL – WOW!  It’s been quite a year so far in Pelican Bay.  I’ve had a very busy year, so busy that I am finally posting year-to-date statistics for 2014 AND the first half of 2015 for all building types.  Let’s take a look at what’s been happening.

LOW-RISES:

Sales Price 2013–YTD 2014-YTD 1st Half 2015
Average $459,539. $461,391. $535,458.
Median $389,000. $429,500. $490,000.
Units Sold 110 98 75
Days on Market 154 141 121

There are currently 22 active low-rise listings on the market in Pelican Bay.  At the rate of sales within the last 6 months, we have a 1.75 months worth of inventory in low rises to be sold. 

MID-RISES:

Sales Price 2013–YTD 2014–YTD 1st Half 2015
Average $592,903. $788,243. $885,860.
Median $490,000. $525,000. $670,000.
Units Sold 59 61 26
Days on Market 92 219 119

As of today, there are 5 mid-rise listings on the market. Mid-rise inventory has an absorption rate of 1.25 months.

HIGH-RISES:

Sales Price 2013–YTD 2014–YTD 1st Half 2015
Average $1,302,558. $1,633,130. $1,794,427.
Median $966,000. $1,255,000. $1,237,000.
Units Sold 170 160 96
Days on Market 207 198 158

Today finds us with 28 active high-rise listings on the market with an absorption rate of 1.06 months.

Villas – ATTACHED

Sales Price 2013–YTD 2014–YTD 1st Half 2015
Average $737,250. $1,077,447. $990,956.
Median $725,000. $970,000. $950,000.
Units Sold 33 23 25
Days on Market 148 186 98

There is currently only 1 active attached villa on the market. 

Villas – DETACHED

Sales Price 2013–YTD 2014–YTD 1st Half 2015
Average $1,266,200. $1,400,350. $1,152,693.
Median $1,100,000. $1,397,500. $900,000.
Units Sold 15 20 15
Days on Market 155 269 222

There are currently 3 active detached villas on the market.

SINGLE FAMILY

Sales Price 2013–YTD 2014–YTD 1st Half 2015
Average $1,251,288. $1,730,929. $2,022,685.
Median $1,218,500. $1,300,000. $1,350,000.
Units Sold 33 28 27
Days on Market 293 202 139

As of today there are 9 active single family homes on the market in Pelican Bay.

Between 2013 and 2014 every single building design saw an increase in price. The first six months of this year saw an increase in price in every building category except for attached villas.

It is apparent that Pelican Bay has a lack of inventory.  I looked back at some of my old blog entries and found this one from 2011.  In 2011, we were averaging around 14 months to absorb all the listings on the market.  Now we have a shortage of listings.

What’s causing this shortage of listings?  While prices have climbed up, some Residents are still holding onto units that they bought at the height of the market. Other Residents have decided to sell their Northern homes and live in their Pelican Bay properties. These scenarios have also contributed to the lack of units for rent and the increase in rental prices.

Pelican Bay is a beautiful place to live. The amount of inquires I receive from Buyers looking to purchase in Pelican Bay tells me that other people also believe this is a beautiful place to live.

Thinking of selling a home in Pelican Bay? Call or e-mail me at 239-594-2780 or Lynn@NaplesBuys.com  I’d be happy to discuss how much your home is worth in today’s market.

Looking to buy in Pelican Bay? Click here: HOME FOR SALE.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? If you are a member of FaceBook, you can login in and join the Florida Beaches and Spectacular Sunsets to posts photos, videos and experiences about Pelican Bay.

Care to comment about this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 37 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 239-594-2780.

YouTube | Linkedin | Website | Twitter | FaceBook

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Pelican Bay – Naples, FL – Is anyone else having trouble believing we are just a few weeks out until Thanksgiving? If you live in Pelican Bay, are you expecting company over Thanksgiving? Pelican Bay is definitely a beautiful place to live and I’ve found that it also attracts friends and family members.

Wondering what has been happening with real estate prices in Pelican Bay?  Let’s take a look at the numbers for the third quarter of 2014 compared to last year’s statistics for the third quarter by building design.

LOW – RISES

2013

2014

# of Sales

41

29

Average Sales Price

$456,948.00

$420,410.00

Days on Market

149

176

% List to Sale Price Difference

5.6%

5.16%

Note the smaller numbers of sales in the third quarter of 2014 to the number in 3013. Part of this decline is due to limited inventory.  Days on the market have inched up a bit and the average sales price has declined.

MID – RISES

2013

2014

# of Sales

10

16

Average Sales Price

$468,700.00

$606,125.00

Days on Market

132

181

% List to Sale Price Difference

4.51%

5.96%

The number of sales for mid-rises in the third quarter of 2014 increased along with the average sales prices. Days on the market have increased over 2013.

HIGH – RISES

2013

2014

# of Sales

49

35

Average Sales Price

$1,295,894.00

$1,485,476.00

Days on Market

241

251

% List to Sale Price Difference

5.12%

5.43%

The number of sales have decreased but the average sale price has increased. Days on the market have also increased.

SINGLE FAMILY

2013

2014

# of Sales

13

9

Average Sales Price

$1,256,942.00

$1,727,944.00

Days on the Market

302

139

% List to Sale Price Difference

5.19%

6.22%

The average sales price has increased for single family homes in Pelican Bay over last year’s figures. The number of sales has decreased. Note that this is a small amount of sales to compare.

VILLAS ATTACHED

2013

2014

# of Sales

6

7

Average Sale Price

$675,708.00

$1,289,500.00

Days on the Market

55

232

% List to Sale Price Difference

5.97%

4.52%

These statistics are interesting in that the average sale price increased so much in comparison to 2013 figures. Once again the number of sales represented is a small amount to compare.

VILLAS DETACHED

2013

2014

# of Sales

5

6

Average Sale Price

$1,290.100.00

$1,593,333.00

Days on the Market

NA

114

% List to Sale Price Difference

9.01

3.08%

While the average sale price has increased this represents a small number of sales.

Season has started and Buyers returning to the market are finding the inventory of listings has decreased.  In my opinion some Owners are still waiting for prices to increase on their units to what they paid for them during the market boom.  I also think last winter was the straw that broke the back for some Owners who decided they’d had it with winter, sold their Northern homes and moved into their Pelican Bay units that they used to rent in season. This in turn has decreased the amount of seasonal rental units in Pelican Bay. If you just started to try to rent a unit in Pelican Bay for the 2014 season, I wish you luck.

If you are thinking of selling your Pelican Bay unit, please give me a call.  I actually have Buyers looking for units in Pelican Bay. 

Do you have any questions on the above statistics? Please feel to call me at 239-594-2780 to discuss your concerns.

If you are a Pelican Bay resident, have you signed up for Summit Broadband service? Pelican Bay makes the change from Comcast to Summit Broadband in February 2015. For information on how to contact Summit and set up an appointment to check your cable connectors click here—> Summit Broadband

Want to see what homes are selling for in Pelican Bay? Click here: HOME SALES. If you are planning on selling your Pelican Bay home, I would be happy to give you a candid assessment of the Pelican Bay real estate market.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

Do you have some photos of Pelican Bay you would enjoy sharing? If you are a member of FaceBook, you can login in and join the Florida Beaches and Spectacular Sunsets to posts photos, videos and experiences about Pelican Bay.

Care to comment about living in Pelican Bay? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 36 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 239-594-2780.

YouTube | Linkedin | Website | Twitter | FaceBook

 

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