Posts Tagged ‘2016 low rise prices in Pelican Bay’

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.

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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.

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