Pelican Bay Second Quarter 2009 Home Sale Statistics

Are you curious as to what Pelican Bay sales prices were from the second quarter of 2008 to the second quarter of 2009? Have Pelican Bay Prices gone up, down or stayed the same? Let's take a look at the statistics to find out.

PLEASE REMEMBER THAT WHERE EVER YOU SEE A HIGH LIGHTED TEXT YOU CAN CLICK ON IT TO BE TAKEN TO MORE INFORMATION.

LOW RISES- Median prices decreased 7.31% and average prices decreased 16.16%. Closed sales were down from 30 in 2008 to 26 in 2009. Ten of those twenty-six closed sales were under $399,999.00. The difference between what a unit was listed and what it sold for rose from 9.83% to 10.88%. Days on market for closed sales rose from 251 days in 2008 to 263 days in 2009. While 58% of all low rise listings failed to sell in 2008, 44% failed to sell in 2009.

MID RISES - Both median and average sales prices decreased from the 2nd quarter of 2008 to the 2nd quarter of 2009. The list to sale differential is up to 12.53% from 6.85%. 72% of all mid rises are failing to sell in 2009, while 56% failed to sell in 2008. Marketing time has increased from 160 days to 339 days.

HIGH RISES - Median and average sales prices both showed a decrease. Closed sales were up to 23 from 21 closed sales. 7 of the 23 closed sales were between $1,000,000.00 - $1,499,999.00. In 2008 69% of all high rises failed to sell, while in 2009 the unsold high rises rose to 74%. List to sale differential rose from 7.02% in 2008 to 11.94% in 2009. Market time has decreased from 293 days to 149 days.

SINGLE FAMILY - Closed sales are up from the 7 in 2008 to 9 in 2009. Both median and average sale prices are down. List to sale differential went from 11.24% in 2008 down to 10.06% in 2009. In 2008 57% of all single family homes failed to sell, while in 2009 36% failed to sell. Marketing time has decreased from 345 days to 159 days.

ATTACHED VILLAS - Closed sales are up from 8 in 2008 to 11 in 2009. Both median and average sale prices are down. The list to sale differential rose from 6.69% in 2008 to 8.25% in 2009. In 2008 43% of all attached villas failed to sell, while in w009, 31% failed to sell. Market time has increased from 169 days to 222 days.

DETACHED VILLAS - The list to sale differential went from 8.50% in 2008 to 11.19% in 2009. Both average and median sale prices are down. Market time has increased from 216 days to 285 days. In 2008 50% of all Detached Villas failed to sell, while in 2009 21% failed to sell.

What do all these number and percentages mean? While the number of unsold listings is decreasing, the marketing time and list to sale differential is increasing in certain categories. It looks as if properties in Pelican Bay may still come down a bit in price.

When you next arrive in Pelican Bay and drive to the North tram station, be aware that the entry to the tram stop has been changed. The old entry is no longer there. A new entry is just North of the old one. Trams will no longer be in the paths of cars entering the parking lot.

New Entry Way into North Tram Parking North of old entry

Cars won't be able to enter into the Tram turn around

North Tram Stop Turn Around Area

Landscaping Blocks Former Automobile Entry

If you are not in residence now, you hopefully will be returning to our beautiful community and the warm waters of the Gulf of Mexico soon!

Are you a member of Facebook? Login in or sign up and join the Pelican Bay in Naples, Florida a Beach Neighborhood Group on Facebook. Feel free to posts photos, videos and experiences about Pelican Bay. Start discussions on items of importance to you about our community.

Should you be thinking of selling your home in Pelican Bay and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Would you like to own home in our unique beach community? Search here, once at the search page, you can search by development, save your search and new listing updates will be e-mailed to you.

Care to share a comment about living in Pelican Bay with us? Just click on the Add Comment link at the bottom of this blog entry. Comments are always welcome.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 31 years of real estate experience and her area expertise have been valuable resources for Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

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Summertime Rains in Pelican Bay

Afternoon tropical storms are typical in Naples, Florida during the Summer. It seems that lately whenever I finally finish with work and head to the beach, the sky opens up, thunder roars and rains pour down. I thought I'd share a couple of videos of my evening at the Sandpiper beach at Pelican Bay in Naples Florida.

Wherever you are this evening, I hope you are staying dry!

Should you be thinking of selling your home in Pelican Bay and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Would you like to own home in our unique beach community? Search here, once at the search page, you can search by development, save your search and new listing updates will be e-mailed to you.

Care to share a comment about living in Pelican Bay with us? Just click on the Add Comment link at the bottom of this blog entry. Comments are always welcome.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 31 years of real estate experience and her area expertise have been valuable resources for Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

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Sell Furnished or Unfurnished: Is That The Question?

Sell Furnished or Unfurnished: Is That The Question?

Should you sell your Pelican Bay home furnished, turnkey furnished or unfurnished? What is the difference between these terms? Will selling your home furnished help you sell your home faster?

The Naples Association of Realtors® allows Realtors® to search the Multiple Listing Service for listings that might meet their clients needs with certain search fields. When an agent takes a listing, they will enter the listing into the MLS and fill out required fields. One of these fields is called FURNISHED.

An agent, who is marketing a home, has a choice to enter in the FURNISHED field one of the following terms:

• Furnished – All furniture stays with the house
  
• Partly Furnished – Only some furniture stays with the house
  
• Unfurnished – No furniture stays with the house
  
• Turnkey – All furniture and furnishings stay with the house
  
• Negotiable – Some furniture may stay, all furniture could stay, everything could stay, no furniture could stay. It will depend on the price.

When an agent obtains a listing, they should speak with the Seller about what term they want listed in this field because the price that is placed on the listing could include all the furnishings in the house, just furniture, some furniture or no furniture at all.

Some Buyers find it easier to make an offer and ask for the unit turnkey furnished. If the Buyer offers the right price, the Buyer will get the house and all the furnishing in it which will include all the pots, pans, linens and kick-knacks. This saves the Buyer an inordinate amount of time buying furniture and decorating the unit. The Buyer, however, will have to have the same taste as the Seller.

It has been my experience that when it comes to furniture, most Sellers over estimate the value of their furniture. Should a Seller desire to sell their furniture with their home, I would advise them to total up what they originally paid for the furniture. A rule of thumb is that most furniture is only worth about a third of what was originally paid.

The market that we are currently in is a price driven market. My advice to all Sellers is to plan on a price that you would want for the furniture. A Seller’s main focus should be on getting the home sold. My philosophy is to price a home as unfurnished. Should a Buyer asked about furniture, the Seller can have a separate price that can be given to the Buyer for the furniture, part of the furniture, or turkey furnished. Sellers, please note that if furniture is sold separately from the sale of the home, tax will have to be paid.

Will selling your home furnished help you sell your home faster? The answer is maybe. More importantly, I believe it is more important to have furniture in the home while it is being sold. Let’s take a look at the following photos:

This is is a living room that is unfurnished. It has been freshly painted and has new carpeting but there is no furniture in this unit.

This unit is the exact same model with furniture.

This is unit is also the exact same model as the two above.

All three of these units are the exact same floor plan but look at the difference paint and furniture can make! If you are a Pelican Bay Seller who is attempting to sell a unit that has no furniture in it, you may want to consider renting some furniture while you are selling your unit. Renting furniture and staging the furniture could help your unit sell faster. In the 31 years I have been selling real estate, I have found that most Buyers have a hard time picturing how furniture can be placed in a home. When a home is void of furniture, it is less "homey" and welcoming to a Buyer. Take a moment to look at these three photos again and think about which photo in more inviting to you.

Thank you for visiting my Pelican Bay Blog. If you are in town during the month of August, you may want to visit Naples Tomato and use this coupon.

Should you be thinking of selling your home in Pelican Bay and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Would you like to own home in our unique beach community? Search here, once at the search page, you can search by development, save your search and new listing updates will be e-mailed to you.

Care to share a comment about living in Pelican Bay with us? Just click on the Add Comment link at the bottom of this blog entry. Comments are always welcome.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 31 years of real estate experience and her area expertise have been valuable resources for Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

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The Allure of Pelican Bay

What drew you to Pelican Bay? My husband, Don and I were attracted to the gorgeous beaches in Pelican Bay. The minute the tram rounded the corner down at the Sandpiper and we saw the beach, we knew we wanted to live here. It was 1992, Hurricane Andrew had struck a few weeks earlier and interest rates were relatively low for that time. I felt that it was a great time to purchase a home in Naples. ( I had been selling real estate in Chicagoland for 14 years by then.) Don's Mom lived out in Golden Gate and we had been coming down to Naples for years to visit her.

Don, I, my sister and now ex-brother-in-law wanted to purchase a place together. We had originally started out looking for a condo under a certain amount. One day, everyone in the family decided to go to Jungle Larry's (now the Naples Zoo) except me. I stayed in the hotel and poured over the MLS book and found some listings in Pelican Bay that were higher than we originally wanted to spend but I thought that if the sellers were motivated we may find a decent buy. Besides, I had heard good things about Pelican Bay.

Our Realtor had the good sense to show us the beach in Pelican Bay because she knew that the beach was important to us. Once we saw the beach set up here in Pelican Bay, it was all over for us. We wanted to buy here. We ended up purchasing a turnkey furnished unit in Glencove.

My nephew, Adam, was 4 years old at the time the four of us purchased the Glencove condo. Adam enjoyed looking for alligators, seashells, and birds along the berm in Pelican Bay. He also loved to play in the sand. He learned to swim in the Glencove pool and in the Gulf of Mexico.

As you can see, Adam enjoyed the Gulf of Mexico! When Don and I moved full time to Pelican Bay 13 years ago, Adam would come down to visit us over the summer. Year later in high school, Adam joined the swim team. I wonder if all those summers in the Gulf contributed to his love of the water and swimming?

Four years before we moved full time to Pelican Bay, I had cut out a section of the Pelican Bay Post that had a picture of the shoreline of Pelican Bay. I pinned this picture to the bulletin board that hung on the wall over the desk from where I made my real estate cold calls. (Yes, I made cold calls.) Every call I made helped me get closer to our goal of moving to Pelican Bay full time.

So, what brought you to Pelican Bay? Was it the beach? Was it the tennis community? Was it the golf course? Was it the restaurants on the beach? Was it the Community Center? Something attracted you to Pelican Bay. Why don't you take a few moments and share what the special feature of Pelican Bay was to you? Just click on the comment link at the end of this entry to tell us what brought you to Pelican Bay.

Should you be thinking of selling your Pelican Bay home and would like a free candid assessment of what it would take to sell your home in today's market, I would be happy to help. Just give me a call at 239-594-2780 or E-mail me at Lynn@NaplesBuys.com.

Are you looking for a home in our unique beach community? Search here for a free list of properties available in Pelican Bay. Once at the search page, you can search by development, save your search and I can send you new listings as they appear. Why not find out what the allure of Pelican Bay is all about?

About the Author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 31 years of real estate experience and her area expertise has been a valuable resourse for Pelican Bay Buyers and Sellers. For more information, please contact Lynn Wilber or call 239-594-2780.

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