It appears people are getting better deals in Pelican Bay Naples, Florida this summer compared to last year at this time which is historically the best time to purchase in the neighborhood. What does that mean for the season to follow? Time will certainly tell. Here's the latest happenings in Pelican Bay:
ACTIVE PELICAN BAY LISTINGS:
Current Listings: 304
High: $17,700,000
Low: $320,000
PENDING PELICAN BAY LISTINGS:
Current Pending Listings: 33
High $16,500,000
CLOSED PELICAN BAY LISTINGS:
Total closed in '08: 171
Total closed last 12 months: 226
Average sales price= 94% of list price
Average time on the market= 208 days
What do all the graphs mean? There's definitely a slow down in Pelican Bay right now but one of the important points is the fact that the differences between list price and sales price is not that far off. Prices are falling in Pelican Bay which is awesome for those who have been waiting, waiting, waiting. But, you need to understand. Coming in with the mindset that you're going to negotiate 20% off list prices will only result in a broken heart. Yes, there are deals to be had but those deals are still not easily identifiable on MLS and require at least pre-negotiation activity before you know for sure what sort of discount (if any) you may recognize. Don't be surprised if there isn't much negotiating room. I just made calls for a client last week and was not eagerly received by the listing agents who held the listings.
I do believe time is running out on bigger negotiations as 4th and 1st quarter sales are typically much more expensive than 2nd and 3rd quarter sales due to the increased traffic and peak selling season.
See More information about Pelican Bay:
Pelican Bay Communities
Pelican Bay Homes
Pelican Bay Condos
Peican Bay Deals
For additional answers are information about Pelican Bay or Naples, Florida real estate, feel free to contact me direct!
Best Regards,
Your Naples Smart Girl!
The source of this real property information is the copyrighted and proprietary database compilation of SunshineMLS, LLC.
Copyright 2002-2008 SunshineMLS, LLC. All rights reserved. The accuracy of this information including, but not limited to,
any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations,
or acreage, is not warranted or guaranteed. This information should be independently verified if any person
intends to engage in a transaction based upon it.
Serving my purpose through content rich informaton about Naples, Florida real estate!
Best Regards!
Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223
www.ShannonLefevre.com
“The opinions expressed herein are those of the author and do not necessarily represent the views of John R. Wood Realtors.”
With prices now coming down in Pelican Bay it only makes sense that buyers should be calling Pelican Bay's Real Estate expert Shannon Lefevre! Hope the market remains strong in the coming months.
Bill, You are too much! I do expect the market to grow in the next few months. History proves it always does of course anything can happen but I am proud of our market for responding to the current demand through the price reductions I've seen! :)
Shannon, this article is packed with information. Pelican Bay is one of the great places to buy.
Danny, it is a great place to buy. Even greater right now! New pricing should stir up some fun when the snow starts to blow a few months from now. :)