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-RISES – In 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 VILLAS – In 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
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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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