Naples Florida Real Estate: Pelican Bay Naples, Florida ~ I'd Buy It!

A couple of months ago I reported that perhaps the prices in Pelican Bay were going up.  I made that report because there were several Pelican Bay neighborhoods where the lowest priced properties were either under contract or sold and the next properties available were significantly higher in price.

Now taking a look at the overall indicator, average sold price:

NA04 - Pelican Bay Area
0-12 Months 24-12 Months 36-24 Months 48-36 Months	$1,377,931 $1,374,839 $1,422,845 $1,059,932

You will see that Pelican Bay is doing a great job holding it's own in this Naples real estate market that seems to be so diverse.

At one point last year Pelican Bay was down...I think around 11% if memory serves but as you can see from the graph above Pelican Bay is now level (or slightly higher) than last years ranking and down only 3% from the year before.  Not bad considering Pelican Bay saw a 34% jump the year before. 

So enough with the Pelican Bay real estate recap...what would I buy specifically?

Well I don't know if it's end of season jitters and sellers are adjusting their prices down because they're scared they missed all of the buyers but it seems as if there's a fresh batch of low priced listings.  That's even better than a fresh batch of just out of the oven cookies!  Trust me!

For example, there's a unit in Laurel Oaks at Pelican Bay that was listed last October for $395,000 and has recently been reduced to $349,900 (the lowest priced number we've seen in Pelican Bay....these don't seem to last very long) except the big deal about this one is that it's had a few updates done making this feel like even a better deal compared to the others I've seen at this price range.  

Couple that with the fact that this association enjoys a pretty lenient rental policy, 3 times per year/30 day minimums and the fact that unit owners here enjoy a pretty low association fee (compared to other locations with Pelican Bay) I think you've found a pretty cool investment.  Especially considering that most people (priced right) have absolutely NO PROBLEM renting their units out in Pelican Bay. 

This one gets the "Shannon Seal of Approval".  I'd buy that!

There's another one in Serendipity at Pelican Bay that definitely gets my seal approval.  Not the one being marketed as the lowest price per square foot...but the other one offering the same footage.  I think that one is a steal!

There's another one I showed yesterday that is a real cream puff.  I'd tell you about that one but I have a buyer on point for that and I can't ruin it for her.  I like her too much.

If you want to know more about Pelican Bay or Naples, Florida real estate, don't hesitate to call or email me direct.  I like to tell it as I see it.  It tends to be more useful for my clients and it sure has helped my business! 

Best Regards, Your Naples, Florida Smart Girl.