Pelican Bay – Naples, FL – What happened to real estate prices in Pelican Bay from 2011 to 2012? Let’s take a look by building design.
Low-Rise Sales (buildings with 2 floors or less)
| Year Sold | # Units Sold | Median Sales Price | Days on Market | Average Price of Unsold | % of Units Unsold |
| 2011 | 94 | $418,750.00 | 205 | $448,160.00 | 49% |
| 2012 | 108 | $385,000.00 | 205 | $435,141.00 | 43% |
While the median sales price of low rises fell in 2012, the good news is that the percentage of unsold units dropped.Of the 108 closed sales in 2012, Forty-eight of these sales were all under $350,000.00. Click on these links to view the 2012 low-rise full reports:
CMA Statistics, Breakdown by Price Range, Breakdown by number of Bedrooms
As of today, there are 59 active low-rise listings in Pelican Bay. At one point in past years, Pelican Bay had 130 low-rise listings on the market.
Mid-Rise Sales (building with 3-5 floors)
|
Year Sold |
# Units Sold |
Median Sales Price |
Days on Market |
Average Price of Unsold |
% of Units Unsold |
| 2011 | 21 | $460,000.00 | 255 | $585,526.00 | 56% |
| 2012 | 33 | $425,000.00 | 219 | $548,606.00 | 48% |
We see here that the number of units sold rose in 2012. Both the median sales price and the number of Unsold units fell in 2012. Click on these links to view the 2012 mid rise full reports:
CMA Statistics, Breakdown by price range, Breakdown by number of bedrooms
High-Rise Sales (buildings with over 5 floors)
| Year Sold | # Units Sold | Median Sales Price | Days on Market | Average Price of Unsold | % of Units Unsold |
| 2011 | 116 | $970,000.00 | 245 | $1,457,474.00 | 62% |
| 2012 | 143 | $950,000.00 | 240 | $1,470,264.00 | 49% |
Even though the median price decreased from 2011, 2012 saw a jump in the number of high-rise units sold and a significant decrease in the percentage of unsold units. Click on these links to view the 2012 High Rise full reports:
CMA Statistics, Breakdown by Price Range, Breakdown by Number of Bedrooms
ATTACHED VILLAS
| Year Sold | # Units Sold | Median Sales Price | Days on Market | Average Price of Unsold | % of Units Unsold |
| 2011 | 25 | $760,000.00 | 213 | $1,200,583.00 | 49% |
| 2012 | 17 | $700,000.00 | 161 | $2,195,000.00 | 39% |
Click on these links to view the 2012 Attached Villas full reports:
CMA Statistics, Breakdown by Price Range, Breakdown by Number of Bedrooms
DETACHED VILLAS
| Year Sold | # Units Sold | Median Sales Price | Days on Market | Average Price of Unsold | % of Units Unsold |
| 2011 | 15 | $722,000.00 | 213 | $1,388,111.00 | 38% |
| 2012 | 21 | $1,275,000.00 | 178 | $1,359,225.00 | 28% |
Click on these links to view the 2012 Detached Villas full reports:
CMA Statistics, Breakdown by Price Range, Breakdown by Number of Bedrooms
Single Family Homes
| Year Sold | # Units Sold | Median Sales Price | Days on Market | Average Price of Unsold | % of Units Unsold |
| 2011 | 29 | $1,400,000.00 | 213 | $1,684,820.00 | 51% |
| 2012 | 39 | $1,300,000.00 | 215 | $1,782,629.00 | 30% |
Click on these links to view the 2012 Detached Villas full reports:
CMA Statistics, Breakdown by Price Range, Breakdown by Number of Bedrooms
While we are in the early stages of 2013, this year we have an increase in the number of pending sales. As of today, there are now 74 properties pending in Pelican Bay. 27 of these properties are in the 500K – 999K price range. There have been 27 closed sales since January 1, 2013. 15 of these sales are between the 500K-999K price ranges. This price range has languished over the last few years.
The decrease in the inventory for sale along with the decrease in unsold units is bringing us closer to a normal market. The 2012 Naples Real Estate Report will show you where the Naples Beach areas stand in relationship to the rest of Naples.
Should you be thinking of selling your home in Pelican Bay and want a candid assessment of what it would take to sell your home in today’s market, I am happy to give you a free market evaluation. Feel free to call me at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 35 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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