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Posts Tagged ‘34108 real estate prices’


Pelican Bay – Naples FL – I ran across this article this morning reading my trade sites.  Affordability of home prices and rents pose a large problem. Take a moment to read this article by clicking on the link below.

Source: USF: What do buyers dislike about a neighborhood?

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.

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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.

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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 – Have you been waiting for a unit to come on the market in San Marino?  I just listed this sunny, sparkling clean, meticulously cared for lovely 3 bedroom, 2 bath first floor unit with an enclosed lanai and a golf course view! 

The kitchen and both baths have been updated.  The lanai off the kitchen is screened and glassed to a cozy family room with golf course views. This unit includes crown moldings. The lanai off master bedroom screened and glassed for a comfortable sitting area. San Marino is one of the shortest walks to the tram stop in Pelican Bay. San Marino is impeccably maintained with club house, workout room, spa and extra-large pool for just 88 units. Walk right to the beach or to nearby Tram Stop 6 to be whisked away to Marker36 restaurant and beach. Pelican Bay is Naples’ premier beachfront community, offering members a lifestyle unique in southwest Florida. Besides private beach and dining, exclusive amenities include tennis courts and pro shops, full service community and fitness center, canoes and kayaks and wellness studio. Have pets? San Marino is pet friendly for two dogs of less than 45lbs.

Take a moment to view this unit:

For more detailed information go to–> 6860 San Marino DR 405C

If you or any of your family or friends would like to personally view this unit, please give me a call at 239-594-2780.  I’ll be happy to set up a showing appointment for you!

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.

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 – Pelican Bay’s inventory is at a low point which has upped Buyer demand.  Have you been thinking of selling your Pelican Bay home?  I read this article today and thought I’d share it with you:

To Sell or Not to Sell? 5 Signs it’s Time to List Your Home – http://blog.rismedia.com/2015/5-signs-its-time-to-list-your-home/.

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

Looking to buy in Pelican Bay? 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 atLynn@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 atLynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Website | Twitter | FaceBook

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Pelican Bay – Naples, FL Is anyone else in Pelican Bay entertaining holiday guests?  I’ve often told Buyers that if they buy a place in Pelican Bay family and friends WILL come to visit.  I ran across this article today and decided to share it with you.  With the number of people I see in Pelican Bay, I have a feeling there will be a great number of visitors this holiday.  Enjoy!

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

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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