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Posts Tagged ‘median home sales 34108’


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.

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Pelican Bay – Naples, FL – Curious about how sales prices fared in Pelican Bay from 2012 to 2013?  Let’s take a look at the 2012 and 2013 YTD sales prices by building design.

LOW RISES The chart below tells us that the average and median sales prices for low rises in Pelican Bay rose from 2012 to 2013.

2012 and 2013 YTD Low Rises Pelican Bay Sale Prices

 

 

 

 Low Rises

2012

2013

# of Sales

108

107

Median Sales Price

$385,000.00

$389,000.00

Average Sales Price

$421,000.00

$459,539.00

 Days on Market

213

161

 

There was a dramatic drop in the number of days on the market from 2012 to 2013. While Average Sales Prices increased the Median Sales Prices went up only marginally.

MID-RISES

 2012 & 2013 Mid Rises YTD Prices

 

 

 MID-RISES 2012 2013
# of Sales 34 31
Median Sales Price $425,000.00 $490,000.00
Average Sales Price $468,203.00 $509,852.00
Days on Market 226 171

 

HIGH RISES

2012 & 2013 YTD High RisesPrices in Pelican Bay

 HIGH-RISES 2012 2013
# of Sales 143 174
Median Sales Price $950,000.00 $966,000.00
Average Sales Price $1,284,135.00 $1,302,558.00
Days on Market 249 212

 

SINGLE FAMILY HOMES

2012 AND 2013 YTD Single Family Home Prices in Pelican Bay

 

 

 Single Family Homes 2012 2013
# of Sales 39 33
Median Sales Price $1,300,000.00 $1,218,500.00
Average Sales Price $1,367,962.00 $1,251,288.00
Days on Market 215 202

 

ATTACHED VILLAS

2012 and 2013 YTD  ATTACHED Villa Sales Prices

 

 ATTACHED VILLAS 2012 2013
# of Sales 17 22
Median Sales Price $700,000.00 $707,500.00
Average Sales Price $869,088.00 $725,989.00
Days on Market 171 141

 

DETACHED VILLAS

2012 and 2013 YTD DETACHED Villas in Pelican Bay Sale Prices

 

 DETACHED VILLAS 2012 2013
# of Sales 21 15
Median Sales Price $1,275,000.00 $1,100,000.00
Average Sales Price $1,188,452.00 $1,266,200.00
Days on Market 178 133

From 2012 to 2013 average sales prices were up in all building designs except for Attached Villas and Single Family Homes.  High Rises saw a jump in number of sales from 143 to 174.

This season started out with a bang and has moved well.  I’ve seen a decrease in inventory in almost all building designs in Pelican Bay as well as a plethora of properties selling well over a million dollars.  I have not seen this in a very long time.

Would you like to own a home in Pelican Bay? SEARCH HERE once at the search page you can search by development and save your search. You will receive new listings on a daily or weekly basis.

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

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.

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Pelican Bay – Naples, FL WOW! The real estate market in Pelican Bay has seen a decrease in inventory and unsold listings in the first half of 2013. It has also seen some price increases too. Isn’t that great news? Let’s take a look at what has happened by building type.

(Note: you can click on building type to go to reports and click on tabs at the bottom of each report for even more information.)

Low-Rises In the first half of 2012 there were 59 closed sales. In the same time period in 2013 there were 62 closed sales. Average prices increased from $413,372.00 in 2012 to $467,355.00 in 2013. What was the most popular price range for low-rises? $300,000.00 – $349,999.00 coming in with 12 closed sales out of the 62 closed sales. In the first half of 2012 saw a whopping 49% of all low-rises failing to sell.  During the first half of 2013, this figure dropped to 34%.  The average price of an unsold low-rise came in at $573,697.00 in the first half of 2013.

MID-RISES In the first half of 2012 there were 21 closed sales. In the same time period in 2013 there were 22 closed sales. Average prices increased from $457,500.00 in 2012 to $562,359.00. in 2013.  Out of the 22 closed mid-rise sales in the first half of 2013, 6 of them fell between $450,000.00 – $499,999.00. The average price of an unsold mid-rise came in at $713,242.00. The first half of 2012 saw 50% of all mid-rises fail to sell. This figure has fallen to 35% in the first half of 2013.

HIGH-RISESIn the first half of 2012 there were 87 closed sales. In the same time period in 2013 there were 109 closed sales. Average prices decreased from $1,339,529.00 in 2012 to $1,284,100.00 in 2013.  Out of the 109 closed high-rise sales in the first half of 2013, 21 of them fell between $1,000,000.00 – $1,499,999.00. The average price of an unsold high-rise came in at $1,453,779.00. The first half of 2012 saw 51% of all high-rises fail to sell. This figure has fallen to 30% in the first half of 2013.

ATTACHED VILLASIn the first half of 2012 there were 12 closed sales. In the same period in 2013 there were 13 closed sales. Average closed sales decreased from $942,292.00 in 2012 to $757,885.00 in 2013.  The average price of an unsold listing in 2013 came in at $802,489.00.  In 2012, 33% of all the attached villas failed to sell. IN 2013, that figure increased to 41%.

DETACHED VILLAS In the first half of 2012 there were 12 closed sales. In the same time period in 2013, there were only 8 closed sales.  Average closed sales decreased from $1,376,458.00 in 2012 to $1,174,688.00 in 2013.  The average price of an unsold detached villas came in at $1,533,500.00. The percentage of unsold units stayed the same at 33%.

SINGLE FAMILY HOMES In the first half of 2012 there were 29 closed sales. In the same time period in 2013, there were 20 closed sales. Average closed sales increased from $1,359,845.00 in 2012 to $1,411,050.00 in 2013. The average price of an unsold single family home came in at $2,376,639,00. 14 of the closed sales in the first half of 2013 were between $1,000,000.00 -$2,000,000.00.  The percentage of unsold units rose from 24% in the first half of 2012 to 47% in the first half of 2013.

First Half 2012 Pelican Bay Real Estate Statistics.

If you like to get an idea of what happened in the overall Naples real estate market in June 2013, click HERE.

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

Would you like to own a home in Pelican Bay? SEARCH HERE once at the search page you can search by development and save your search. You will receive new listings on a daily or weekly basis.

Want to see what homes are selling for in Pelican Bay? Click here: HOME SALES.

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 on FaceBook 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 | Google| Website | Twitter| FaceBook

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Pelican Bay – Naples, Florida – I have just finished compiling the Pelican Bay real estate statistics for the first quarter of 2013. This past season has been a busy one so let’s see how the numbers looks in comparison to the first quarter of 2012. You might be surprised to see what happened!

FIRST QUARTER

2013

2012

# Units Sold

93

69

Average Days on Market

179

197

Median List Price of Solds

$725,000.00

$549,000.00

Median Sold Price

$675,000.00

$525,000.00

% List to Sale Differential

7.04%

7.73%

# Units Not Sold

48

68

With this CMA Statistics Report you can see at a glance that the number of units sold increased along with the median prices.  In addition, the average days on the market has decreased along with the list to sale differential. As of today, there are 190 active listings on the market in Pelican Bay.  Between 3/31/2012 -3/31/2013 there have been 379 closed sales. This means that Pelican Bay has an inventory that could last 6 months.  A “normal” market according to the National Association of Realtors is a market that has a 6 month inventory!

If you take a moment to click on the Closed Listings Report, you will see the popular price ranges stand out.  16 sales were under $399,900.00, while 16 sales were between $1,000,000.00 – $1,499,999.00. That’s a bit over a third of all the 93 sales!

The Market Statistics Report breaks down the sales by building type. Out of the 93 sales that occurred in the first quarter of 2013, FORTY-NINE of those sales were high-rise sales. That’s a little over half of all the sales in the first quarter of 2013!

The Market Statistics Report also shows us that the percentage of unsold listings decreased in every building type except for single family homes and attached villas. Average sales prices for the first quarter of 2013 increased in low rises and attached villas increased as compared to the first quarter of 2012.

Have you been thinking of selling your Pelican Bay property? Based on these figures you may want to think about putting your on the market. Our inventory is decreasing and our sales our increasing.

Are you waiting to purchase a home in Pelican Bay?  Based on these numbers, you might not want to wait too much longer.

Pelican Bay is a beautiful beach community that offers different homes at all sorts of price points. Why not start investigation this community to see if you want to call it home!

Sandpiper Beach Pelican Bay Naples FL

Wondering what the rest of the real estate market looks like in Naples?  Here’s the April 2013 statistics.

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

Would you like to own a home in Pelican Bay? SEARCH HERE once at the search page you can search by development and save your search. You will receive new listings on a daily or weekly basis.

Want to see what homes are selling for in Pelican Bay? Click here: HOME SALES.

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 on FaceBook 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 | Google| Website | Twitter| FaceBook

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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

Would you like to own a home in Pelican Bay? SEARCH HERE once at the search page you can search by development and save your search. New listings will be sent to you on a daily or weekly basis.

Want to see what homes are selling for in Pelican Bay? Click here: HOME SALES.

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 on FaceBook 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 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.

YouTube| Linkedin | Google| Website | Twitter| FaceBook

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Pelican Bay – Naples FL – The third quarter of 2012 real estate sales prices showed a decrease in the average sales prices from the same period in 2011 of all property types except Mid-rise condominiums, Single Family homes and Detached Villas.  Here’s the detail report:

2012 Third Quarter Pelican Bay Real Estate Statistics by Property Type

2012 Third Quarter Pelican Bay Real Estate Statistics by Property Type

To view a clearer imagine of this report or to print this report CLICK HERE.

The good news is that in the 3rd quarter of 2012, Pelican Bay saw an increase in sales to 71 closed sales from 51 closed sales in 2011.  The other good news is that the percentage of properties failing to sell, the expireds, decreased in all property types except for attached villas.  I attribute the decrease in expired listings to Seller removing their properties from the market and the increase in sales.

To view the 3rd Quarter of 2011 Pelican Bay real estate prices CLICK HERE.

I am optimistic about this coming season.  As of today, there are 278 properties for sale in Pelican Bay.  We currently have an inventory of properties that could last 9 months. A “normal” real estate market is said to have an inventory that could last 6 months.

This coming rental season has been exceptionally strong.  I do not handle rentals yet I receive phone calls on a daily basis from potential tenants looking for a 2013 seasonal rental in Pelican Bay.  I feel that these potential tenants will turn into Buyers.  They have been renting waiting for the market to bottom out before they buy.  I predict that this coming season will be a busy real estate market in Pelican Bay.

Will 2013 be the year you decide to sell your Pelican Bay home? With interest rates so low, now is the time to think about moving up to a larger unit in Pelican Bay.

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 would be happy to provide you with a free market evaluation. Feel free to call me at  239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Would you like to own a home in Pelican Bay? SEARCH HERE, once at the search page you can search by development, save your search and new listings will be sent to you.

Want to see what homes are selling for in Pelican Bay?  Click here: www.LynnWilber.ListingBook.com

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 on FaceBook 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 34 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 | Google| Website | Twitter | FaceBook

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Pelican Bay – Naples Florida – The Naples Board of Realtors recently released the September 2012 real estate statistics.  While these statistics might not be specific to Pelican Bay, it is always a good idea to view the entire real estate market.  Buyers today look at many different areas before making a decision. Let’s take a look at the 12-month period ending 9/2012 for condominiums and single family homes.

CONDOMINIUMS BY PRICE

SOLD PRICE RANGES % OF SALES
$0-$300K 73.5%
$300K – $500K 12.1%
$500K – $1M 9.5%
$1M – $2M 3.7%
$2M+ 1.1%

Median Price increased from $160K to $165K

Average Day on Market increased from 175 to 182

CONDOMINIUMS BY AREA

AREA % OF SALES MEDIAN SOLD PRICE AVERAGE DAYS ON MARKET
Naples Beach 24.7 452K 239
North Naples 29.0 168K 160
Central Naples 19.1 115K 166
South Naples 17.4 115K 168
East Naples 9.8 190K 177

Pelican Bay is considered the Naples Beach area.  By looking at these charts for condominium, you can see that if you have a condo to sell in the Naples Beach area, the median sales price is currently $452,000.00 taking an average of 239 days to sell. As the median sales price in all of Naples is $165,000.00 with 73.5% of all sales under $300,000.00, I think you can see why the market time is so high for the Naples Beach areas.

SINGLE FAMILY HOMES

SOLD PRICE RANGES % OF SALES
$0-$300K 61.9%
$300K – $500K 16.3%
$500K – $1M 12.2%
$1M – $2M 5.9%
$2M+ 3.8%

Median Sales Price increased from $212,000.00 to $229,000.00

Average Days on the Market decreased from 168 to 165

SINGLE FAMILY HOMES BY AREA

AREA % OF SALES MEDIAN SOLD PRICE AVERAGE DAYS ON MARKET
Naples Beach 16.1% 595K 211
North Naples 24.1% 350K 165
Central Naples 19.8% 150K 152
South Naples 12.5% 163K 173
East Naples 26.6 137K 149

Once again, you can see why the market time for the Naples Beach area is so high in comparison to the rest of the market. Since the median sold price in the Naples Beach area is $595K, it is much higher than the median sold price for all of Naples.

The good news in looking at all these reports is that the inventories in both condominiums and single family homes are decreasing in Naples.  Multiple offers are happening in the lower price ranges.

Will 2013 be the year you decide to sell your Pelican Bay home? With interest rates so low, now is the time to think about moving up to a larger unit in Pelican Bay. 

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 would be happy to provide you with a free market evaluation. Feel free to call me at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com

Would you like to own a home in Pelican Bay? SEARCH HERE, once at the search page you can search by development, save your search and new listings will be sent to you.

Want to see what homes are selling for in Pelican Bay?  Click here: www.LynnWilber.ListingBook.com

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 on FaceBook 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 34 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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