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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.

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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I ran across this article today and thought you might find it interesting.

ORLANDO, Fla. – Jan. 15, 2015 – What does a ‘typical’ Fla. home buyer or seller look like?

While a single description doesn’t apply to every buyer and seller, the latest Florida 2014 Profile of Home Buyers and Sellers, compiled by the National Association of Realtors® (NAR) research staff and released by Florida Realtors provides some insights.

Florida 2014 highlights

Home buyer characteristics

  • 24 percent of home buyers were first-time buyers in Florida, compared to a national level of 33 percent
  • 14 percent of buyers purchased a multi-generational home because older children moved back, to save money or to take care of aging parents
  • The typical buyer was 54-years-old; the typical first-time buyer was 33; and the typical repeat buyer was 59
  • 67 percent of buyers were married

Characteristics of homes purchased

  • New home purchases continue to drag at a share of 18 percent
  • 81 percent of buyers purchased a detached single-family home
  • 21 percent of buyers over the age of 50 bought a home in senior-related housing

The home search process

  • 40 percent of home buyers nationally started their home search online; 12 percent relied on the Internet for information about the process
  • 91 percent of Florida buyers used the Internet in some way during the home search process, but only 12 percent used a mobile device – noticeably less than the 50 percent nationally who used a mobile device
  • 97 percent of Florida buyers view real estate agents as a source of useful information
  • The typical home buyer searched for 10 weeks and viewed 10 homes
  • 87 percent of Florida buyers were at least somewhat satisfied with the process

Home buying and real estate professionals

  • 85 percent of buyers purchased their home through a real estate agent or broker
  • 35 percent of buyers found their agent through a referral from a friend or family member; 10 percent used an agent they had used before
  • 54 percent of recent Florida buyers only interviewed one agent before choosing representation
  • 89 percent of buyers would use their agent again or recommend them to others

Financing the home purchase

  • 77 percent of Florida buyers financed their home purchase – less than the 88 percent who did so nationally
  • 25 percent of buyers said the mortgage application and approval process was somewhat more difficult than expected; 24 percent said it was much more difficult than expected
  • In Florida, 82 percent of buyers believe their home is a good financial investment

Home sellers and the selling experience

  • The typical seller lived in their home for 11 years
  • 87 percent of sellers were assisted by a real estate agent
  • In Florida, sellers typically sold their homes for 97 percent of the listing price, though 50 percent reduced their asking price at least once
  • 15 percent of sellers had to delay their home sale because the value of their home was worth less than their mortgage
  • 29 percent of sellers offered incentives to attract buyers – most often assistance with home warranty policies and closing costs

Home selling and real estate professionals

  • 35 percent of Florida sellers using a real estate agent relied on a referral from friends or family; 21 percent used an agent they worked with previously
  • 65 percent of home sellers only contacted one agent before selecting one
  • 92 percent of sellers reported that their home was listed or advertised on a multiple listing (MLS) website
  • Among sellers who used an agent, 81 percent said they would definitely (68 percent) or probably (13 percent) use that real estate agent again or recommend him or her to others

For-Sale-by-Owner (FSBO) sellers

  • 12 percent of Florida home sellers sold their home without the assistance of a real estate agent. Of those sellers, 33 percent already knew the buyer
  • 8 percent of Florida FSBO sellers who did not already know the buyer sold after the buyer contacted them
  • 50 percent of Florida FSBO sellers said they went the independent route because they did not want to pay a fee or commission

The complete Florida 2014 Profile of Home Buyers and Sellers can be downloaded from Florida Realtors website.

© 2015 Florida Realtors®

Reprinted with permission Florida Realtors. All rights reserved.

If 2015 has a move in store for you, give me a call 239-594-2780 or E-mail me.  I would be happy to discuss what all the above means in trying to buy or sell a home 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 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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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 – 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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