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.
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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 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.
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