Naples Florida Real Estate: Pelican Bay & Bay Colony - Naples, Florida Market Report

Thinking about buying or selling Pelican Bay real estate?  The latest findings are as follows:

12 Month Activity (ending 11/23/07)
Total Listings:      341
Avg. List Price:     $1,280,532
Sales (2007):     242
Avg. % Sales Price:  92% of List Price
Avg. Market Time:  180 Days

If you are planning on making an offer in Pelican Bay, 92% is median difference between list price and sales price this year.  There may be better opportunities for you which I can help you identify.

Listing inventories are a little on the high side right now which is normal for this time of year.  Because of other factors it also means your buying power is better than it's been all year!

Average Sales Price (ending 11/23/07)
0-12   Months   $1,361,152    Down 11%
24-12  Months   $1,526,131  Up 21%
36-24  Months   $1,260,990  Up 31%
48-36 Months   $962,279   Baseline
*  Pelican Bay was showing a 4% decrease just 30 days ago and stable 60 days ago.

Prices have come down 11% for the last 12 months.  This latest trend started approximately 60 days ago.  There hasn't been a better time to buy in Pelican Bay within the last three years.  There are a great deal of people searching the internet for Pelican Bay related search terms.  I suspect traffic will continue to rise through season as it has throughout history.

Although I do not have a crystal ball and cannot attempt to predict the future, I have heard many people state that they thought now was the time to buy in Pelican Bay.  Last year at this time, many people were talking about looking instead of purchasing.  If you have any experience purchasing in a changing market, you may already know that as soon as a flurry of properties go under contract, the opportunities to negotiate lower prices dry up.

Some Pelican Bay property owners have opted out of attempting to sell their properties at this time which will further asssist the stability of the Pelican Bay market. 

There are subdivisions within Pelican Bay in need of listing inventory at this time including but not limited to:

Bridgeway Villas at Pelican Bay
Cannes at Pelican Bay
Carlton Place at Pelican Bay
Dorchester at Pelican Bay
Grand Bay at Pelican Bay
Las Brisas at Pelican Bay
Oak Lake Sanctuary at Pelican Bay
St. Andrews at Pelican Bay
St. Laurent at Pelican Bay
St. Marissa at Pelican Bay
St. Simone at Pelican Bay
St. Vincents at Pelican Bay
Tierra Mar at Pelican Bay
Villa Lantana at Pelican Bay
Villas at Pelican Bay

If you are interested in selling your Pelican Bay home or Pelican Bay condo but are not sure if you are in an area experiencing a high demand, please contact me. 

Bay Colony property owners should take special note:  There are buyers looking for Bay Colony properties at this time.  Most areas withiin Bay Colony need listing inventory with some exceptions.  Areas needing inventory include:

Brighton at Bay Colony
Carlysle at Bay Colony
Villa La Palma at Bay Colony
Marquesa at Bay Colony
Vizcaya at Bay Colony

For more information regarding Naples real estate, contact me direct!

When you're thinking Naples real estate, THINK PINK! Think Shannon Lefevre, Smart Girl, Great Results!