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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.

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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.

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Pelican Bay – Naples , FL – Looking for a tropical retreat? You’ll find it here at Glencove Site Plan Glencove in Pelican Bay, which is a smaller complex with only 96 units and lots of green space. This lovely end unit features a Glencove Floor Plan which affords you and your guests privacy. Vaulted ceiling in living area provides an airy, sunny space.

Do you like to cook? The kitchen, updated in 2005,  has granite counter tops & features a backlit tray ceiling. Spacious bedrooms have plantation shutters & loads of closet space. Air handler & compressor were replaced in 2008. Master bath has new shower door. Lanai is enclosed. Glencove, located in the unique beach community of Pelican Bay, is just a short walk to the south beach and the Sandbar restaurant in Pelican Bay, the Philharmonic Center for the Arts, the Naples Art Museum & the Waterside shops. Glencove features an inviting pool & hot tub with a newly redone clubhouse, paved driveways & covered parking. Have pets? Glencove is pet friendly allowing 2 pets under 20 lbs.

Why not call Glencove in Pelican Bay home today?

View From Lanai

View From Lanai

Living Room has valuted ceiling and looks out to lanai

Living Room has vaulted ceiling and looks out to lanai

Dining room has custom mirror to reflect tropical view.

Dining room has custom mirror to reflect tropical view.

Kitchen has been newly redone with granite countertops and a backlit tray ceiling.

Kitchen has been newly redone with granite countertops and a backlit tray ceiling.

Spacious master bedroom features an adjacent master bath and a HUGE walk in closet.

Spacious master bedroom features an adjacent master bath and a HUGE walk in closet.

Master bath has soaking tub and a new shower door.

Master bath has soaking tub and a new shower door.

Guest bedroom has guest bath located directly across the hall.

Guest bedroom has guest bath located directly across the hall.

Current owner is using the 3rd bedroom as a den. There is double door closet in this room.

Current owner is using the 3rd bedroom as a den. There is double door closet in this room.

Glencove Community Pool

Glencove Community Pool

Beach in Pelican Bay

Beach in Pelican Bay

To view more photos of this unit go to: www.NaplesWave.com/5805GlencoveDR706 If you or any of your family and friends would like to see this lovely unit, please let me know.

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.

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Pelican Bay – Naples,FL – Over the last couple of weeks, Clam Pass has been in the news.  There has been a great deal of discussion about when dredging will begin.  Local residents and visitors took matters….and shovels into their own hands digging out Clam Pass.  Here’s the latest update from the Naples Daily News:

http://www.naplesnews.com/news/2013/jan/09/clam-pass-talk-leads-to-finger-pointing-at/

The mangrove forest in Pelican Bay depends on brackish water. As a Pelican Bay resident, I have enjoyed my tram ride to the beach through the mangroves. There are concerns that if Clam Pass isn’t dredged soon enough, it the lack of brackish water could effect the mangroves. Hopefully all the issues involved in obtaining the permits for dredging will soon be resolved.

Season is in full swing!  Last Saturday night my husband Don, my brother Patrick and I went over to the Mercato for dinner.  We decided to try the new Mexican restaurant, Masa.  My snapper Veracruz was excellent, however we did have to wait 45 minutes for a table. As we sat there waiting, I remembered why we usually don’t go out to eat in season.

I have noticed an uptick in sales between 500K – 1M in Pelican Bay from 12/1/2012 – today. Out of the 27 sales, 12 were between 500k-1M.  This coming season may see more sales in this price range than last year.

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 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 .

YouTube | Linkedin | Google| Website | Twitter | FaceBook

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Pelican Bay – Naples, FL – Welcome to the new look of my Pelican Bay blog! I’ve switched to this blog format as I felt it is a bit user friendlier than my old www.realtown.com/LynnGri/Blog format.  Don’t worry, you’ll still be able to go back to www.realtown.com/LynnGri/Blog to see older posts, especially the Pelican Bay real estate statistics.

Let’s just take a few moments to see the features of this blog. Besides the informative posts I will write, I have provided information on the right hand side of this blog under these categories:

  • SEARCH – Type in a phrase to search this blog.
  • FOLLOW BLOG VIA EMAIL – Like what you see?  You can click on this link, provide your e-mail address and receive notices of new posts by e-mail.
  • ABOUT PELICAN BAY – Under this heading you will find a list of links that will take you to various information about Pelican Bay.  Double click on one of these links and you’ll be taken to the information.
  • NAPLES FL INFORMATION – Under this heading you will see a list of links that will take you to information about Naples.  Double click on any of these links and you will be taken to the information.
  • OTHER INFORMATIVE LINKS – I’ve provided some added links that I thought you might find useful. 
  • NAPLES REAL ESTATE PRICES – This is a graph that shows the projection of housing prices in Naples, FL.
  • LYNN ON TWITTER –  This is a live feed from my Twitter account.  I post articles and photos that I think people might find interesting.  You can click on the link to be taken to the article.  Have a Twitter account and want to follow me? I’m @PelicanBayBeach.
  • NEWS STORIES – This is another live feed.  I post news stories that I think people will find interesting.  Click on the link and it will take you to the news article I posted.
  • RSS – Want a RSS feed of this blog? Just click here.
  • VISITORS – Ever wonder who might be interested about Pelican Bay?  Just take a look at this widget. 
  • FACEBOOK – Florida Beaches and Spectacular Sunsets is my FaceBook business page.  Just click on the LIKE button to be taken to the page.
  • ABOUT LYNN WIBLER – OK, this tells you a little about myself.
  • RECENT POSTS – A list of recent posts to this blog.
  • CATAGORIES – A list of posts by category.
  • ARCHIVED POSTS – Looking for an older post?  You can sort through blog posts by month here.

I sincerely hope that you find this blog useful.  If there is anything else you would like to find on this blog,  please let me know.  I’d be happy to try to include your suggestions for this blog.

Pelican Bay is a beautiful place to live.  My husband Don and I have been here for 16 years.  Whenever we take the tram to the beach, there is never a time that we don’t marvel at how lucky we are to live here.

If you owned in Pelican Bay you could be enjoying sunsets like this!

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 for 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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