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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.

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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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