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Pelican Bay- Naples, FL – Have you been waiting for a unit to come on the market in San Marino?  I just listed this sunny, sparkling clean, meticulously cared for lovely 3 bedroom, 2 bath first floor unit with an enclosed lanai and a golf course view! 

The kitchen and both baths have been updated.  The lanai off the kitchen is screened and glassed to a cozy family room with golf course views. This unit includes crown moldings. The lanai off master bedroom screened and glassed for a comfortable sitting area. San Marino is one of the shortest walks to the tram stop in Pelican Bay. San Marino is impeccably maintained with club house, workout room, spa and extra-large pool for just 88 units. Walk right to the beach or to nearby Tram Stop 6 to be whisked away to Marker36 restaurant and beach. Pelican Bay is Naples’ premier beachfront community, offering members a lifestyle unique in southwest Florida. Besides private beach and dining, exclusive amenities include tennis courts and pro shops, full service community and fitness center, canoes and kayaks and wellness studio. Have pets? San Marino is pet friendly for two dogs of less than 45lbs.

Take a moment to view this unit:

For more detailed information go to–> 6860 San Marino DR 405C

If you or any of your family or friends would like to personally view this unit, please give me a call at 239-594-2780.  I’ll be happy to set up a showing appointment for you!

Pelican Bay is truly an amazing place to live. If you are thinking about owning a second home in Pelican Bay, call me. I’d be delighted to help you find your place in paradise.

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? 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 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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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.

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WASHINGTON – Jan. 5, 2015 – After a slowdown in the market this year, housing analysts and economists have high hopes for 2015. The real estate market is expected to build momentum across the board next year, mostly due to a strengthening economy.

Positive trends

Millennial force: Overall, employment is on the rise, but jobs for Millennials – particularly those aged 25 to 29, has risen by 3 percent – one percentage point above the nationwide rate. According to some forecasts, Millennials are expected to drive two-thirds of household formations over the next five years. The forecasted addition of 2.5 million jobs next year, as well as an increase in household formation, will likely drive more first-time homebuyers into homeownership, according to realtor.com projections.

Home prices stabilize: The double-digit price increases in 2013 have slowed, and stable growth was the trend in 2014. As investors retreated from the market, so have the rapid home price increases. Prices are expected to continue edging upward in 2015, with realtor.com predicting a 4.5 percent price gain.

“After two years of abnormally high levels of home-price appreciation in 2012 and 2013, price increases moderated throughout 2014,” realtor.com notes in its 2014 Housing Review. “We are now experiencing increases in home prices consistent with long-term historical performance.”

Mortgage rates rising: Interest rates over the past few months have been dipping below 4 percent, lowering the borrowing costs of homebuyers and refinancing homeowners. However, don’t expect the low rates to stick around much longer. Mortgage rates are predicted to rise this year. Freddie Mac projects mortgage rates will likely average 4.6 percent but inch up to 5 percent by the end of 2015.

Return of the 3 percent downpayment: New programs with lower downpayments are popping up to help more buyers break into homeownership. In early December, Freddie Mac and Fannie Mae announced conventional loan downpayment programs that will allow qualified first-time buyers to secure a fixed-rate mortgage with a 3 percent down payment. Prior to that, they needed at least 5 percent.

Also, “there are many states as well as national programs, which offer grants that range from 1 to 5 percent to be used for a downpayment or closing costs,” writes Damian Maldonado, co-founder of American Financing Corp., at CNBC. “These easing loan standards will allow more first-time buyers to enter the market.”

Housing affordability declines: Affordability for homes, based on home-price appreciation and rising mortgage interest rates, will likely fall by 5 percent to 10 percent in 2015, according to realtor.com forecasts. However, the decline in affordability could be offset by an increase in salaries for many households. “When considering historical norms, housing affordability will continue to remain strong next year,” realtor.com notes in its report.

New-home sales rebound: Single-family new-home starts barely budged in 2014 compared to 2013, and new-home sales remain far from normal levels. But that could finally turn around in 2015. New-home sales are expected to rise 25 percent as single-family construction picks up traction in 2015. The National Association of Realtors  projects single-family housing starts will rise to 820,000 in 2015, though that number is still below the 1 million historical average.

In the latest new-home report, sales dipped 1.6 percent in November, but builders remain optimistic. “As the labor market and broader economy continue to strengthen, we can expect the housing sector to gain momentum heading into next year,” says David Crowe, chief economist for the National Association of Home Builders.

Foreclosures recede to pre-recession levels: The number of foreclosures is expected to continue to fall in 2015, but expect them to still be elevated in some pockets across the country – particularly in judicial states, such as Florida, where foreclosures must wind through the courts.

Foreclosure filings declined for much of 2014. From January through November, foreclosure filings fell about 172 percent compared to the same period one-year prior, according to RealtyTrac data.

The only uptick has been in foreclosure auctions, which are up 5 percent in November 2014, compared to one year earlier. Foreclosures will likely fall to pre-crisis levels in 2015, Blomquist predicts.

Drop in oil prices will boost housing: Oil prices have plunged 45 percent since June, which could inadvertently provide a lift to the housing market. “Households in the U.S. spend more than $1,800 on energy-related costs annually, and 22 percent of that energy consumption is due to residential real estate,” according to CoreLogic’s 2015 Housing Outlook. “So while the drop in oil prices typically has been linked to a reduction in driving-related expenses, it clearly also reduced energy-related expenses for residential real estate.”

Rent rises to outpace home-value growth: An increase in rental costs in 2015 will likely outpace annual home-price gains. Expect the rental market to remain a “landlord’s market” in 2015, with vacancy rates expected to stay below 5 percent, according to the NAR. That should lead to demand pushing rents up even higher and keeping them above inflation, notes NAR Chief Economist Lawrence Yun. Apartment rents are projected to increase 4 percent once 2014 numbers are released, and 4.1 percent in 2015.

Stronger economy leads to greater confidence: A stronger economy will likely increase housing demand in 2015. “Overall, the economy finally appears to be gaining enough momentum to help provide the support that the housing market (needs) for a stronger recovery,” Sam Khater, deputy chief economist at CoreLogic, notes in the company’s 2015 Housing Outlook. As proof, he cites the “combination of stronger employment growth and especially Millennial job growth.”

“Moreover, the recent drop in oil prices cannot be overstated, because not only does it directly lower the transportation and home energy costs for households, but it also improves consumer confidence,” Khater adds. “And confident consumers are more likely to spend money on big ticket items, which is sweet music to the ears of the real estate market.”

Source: Melissa Dittmann Tracey, REALTOR® Magazine

© 2014 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 MailTo:Lynn@NaplesBuys.comor call 239-594-2780.

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Pelican Bay – Naples, FL – This morning’s e-mail found a note from my brother in Chicagoland. He took great delight in sending me a video of the snow Chicago received yesterday. As siblings enjoy teasing one another (at least mine do) I couldn’t wait to get down to the Sandpiper tonight to film a sunset to e-mail my brother. Here’s the result. Do you think my brother will like it?

One of the wonderful things about living in Pelican Bay is being able to walk down to the beach to see the sunset. If you owned in Pelican Bay, you could enjoy sunsets on the beach too.

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 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 – Our community has been buzzing with excitement with the purposed change from Comcast Media to Summit Broadband. As with any change, some people are for the change; some against it.

This Realtor is IN FAVOR of the change from Comcast to Summit. I see the change as a huge plus for our community!  The Pelican Bay Post published an in-depth article about the change in the mid-November issue of the Pelican Bay Post. If you are a resident of Pelican Bay, you can get access to this issue of the Pelican Bay Post at www.PelicanBay.org.

This coming Friday, December 6th at 10:00 AM in the Pelican Bay Community Center there will be a special meeting of the Pelican Bay Board of Directors to discuss this change. There have already been two town hall meetings on the subject.  At this late date, Comcast has sent out a letter today saying that they have been encouraged by the overwhelming support and concern from their customers in Pelican Bay and that they are preparing a revised proposal! I want to let the world know that I certainly have NOT supported Pelican Bay staying with Comcast.

If you cannot attend this important meeting, I would urge you to call or e-mail our Pelican Bay Board members to let them know your opinion.  You can find our Board members contact information at http://www.pelicanbay.org  or by calling 239-596-6180.

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 – In reading over some business articles, I ran across one that you might find helpful about rising flood insurance.

Flood Insurance Rates Going Up? Here’s What to Do

By:  Dona DeZube

Published: July 22, 2013

 Why Are Rates Going Up?

Two reasons:

1. The Federal Emergency Management Agency is updating its flood maps to be more accurate, which could change your flood risk designation. If your risk is higher, your premiums will go up. If it’s lower, your premiums could go down.

2. Last year, a new law took effect that requires the National Flood Insurance Program (NFIP) to phase out subsidies for some older properties to reflect the full risk of flooding.

Phasing out the subsidized rates and discounts over the next five years will help the NFIP stay solvent.

Some subsidies have been given in the form of “grandfathering.” A grandfathered rate is a discount given to homes built in compliance with then-existing standards in a flood-mapped community where the flood risk has since increased.

Congress and FEMA are reviewing these properties to determine whether to phase out these grandfathered rates. FEMA won’t make a decision on this until late 2014. By then, Congress could pass a law delaying the increase indefinitely.

Do You Have a Subsidized or Discounted Rate?

Only 20% of NFIP policies are subsidized. Most hom eowners already pay the full rate and won’t see an increase.

If your property isn’t your principal residence, is in a special flood hazard area, and was built before the first flood insurance rate map was implemented for your community, you may be getting a subsidy for being what’s called Pre-FIRM (pre-flood-insurance-rate-map).

TIP: To find out if your home is Pre-FIRM, look up your area in the Federal Emergency Management Agency’s (FEMA’s) Community Book.

1. Click your state.

2. Look for the date in the “Init FIRM Identified” column for your area.

If your home was built before that date and it’s in a special hazard zone, you probably have subsidized flood insurance.

If Your Premiums Aren’t Subsidized or Discounted

It’s possible you still could see a change in your flood insurance premiums if your home is in a community that adopts a revised flood map after July 6, 2012. If that revised flood map puts you in a different zone, your rates could go up or down.

When Will the Rate Changes Take Effect?

If your home is Pre-FIRM and it’s a second home (rental or vacation), you may already have seen your rates change. A 25% increase was implemented for policies renewing after Jan. 1, 2013. Increases will continue each year until they reach full-risk rates.

In October 2013, more subsidized homes will start seeing rate increases of 25% each year:

  • Severe repetitive loss properties
  • Business properties
  • Properties with previous flood claims for more than the market value of the property

If you have a Pre-FIRM home, and it’s your primary home, and it doesn’t fall into the above-mentioned categories, (lucky you!) you get to keep your subsidized rate until:

  • You sell your home.
  • You let your policy lapse.
  • You have severe, repeated flood losses.
  • You buy a new policy.

Can You Get a Better Rate?

You may be able to get a lower flood insurance rate by changing your home’s flood risk. Congress appropriated a large sum of money for property owners to raise their homes onto piers, posts, columns, or pilings. Check with your local community to see if grant money is available to help you do that. Talk to your insurance agent about how elevating your house will change your flood insurance premium.

There’s also a Community Rating System that could reduce flood insurance rates by up to 45%, depending on which flood plain management regulations your community adopts.

Check with your local officials or insurance company to see if your community participates and if you can get a discount for that. If your community doesn’t participate, write a letter to local officials urging them to join the Community Rating System.

Other things you can do to trim your flood insurance premiums:

  • Opt for a higher deductible on your excess insurance policy if you have one.
  • Convince local officials to put more money into community flood mitigation projects to lower your flood risk.

It won’t lower your premium, but having a flood cleanup kit on hand will make your life easier if you do have a flood.

By the way, NFIP is the best deal. Without it, you have to take your chances in a virtually nonexistent private market for flood insurance at rates only the wealthy can afford.

Some of the same companies that provide private flood coverage also sell “excess coverage” flood insurance. Excess coverage pays to rebuild homes valued at more than the NFIP limit of $250,000.

Mistakes in Flood Insurance Premiums

It’s possible the rate you’re quoted for flood insurance is wrong. If you disagree about whether your home is in a particular flood zone or the insurer didn’t take into account the pilings that raise your home 12 feet in the air, you can appeal your home’s flood zone determination.

An elevation certificate from a surveyor or engineer can lower your premium if it proves your home sits above the predicted flood level.

You’ll also want to correct insurer mistakes that lower your premium. For example, if your policy says your home doesn’t have an elevator or crawlspace and it does, tell your agent, even if your premium will rise when those are included. That ensures your property and possessions are fully covered and recoup what you’re owed.

Think the FEMA map itself is wrong? Check with local zoning officials, your builder, prior owners, a local surveyor, and FEMA to see if anyone has filed a Letter of Map Amendment asking for a map review.

If no one has filed, you can do your own appeal.

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com  with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

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 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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