Home ownership at 19 year low, 64%

Kayaks and canoes, tennis and golf, these are some of the amenities that my fellow denizens at Pelican Bay know so well.  We know that Pelican Bay is a unique community however NABOR, (Naples Board of Realtors) lumps us in with other zip codes, this blog is created to inform current residents and prospective buyers with current and trending statistics.

Florida: According to Corelogics, results  are as follows for single family prices, excluding distressed, for the period ending May, 2014: 12 month change up 9.6%, 3 month change up 3.5%, 1 month up 1.02%, peak to current down  28.69%, peak date May, 2006. Nationwide peak to current was down 9.3%. 

Pelican Bay:

Some fast statistics:  Condo buyers have few choices this summer, 29 condo developments in PB have no for sale listings, 20 have 1, 11 have 2,  4 have 3, 3 with 4,1 with 5 and 1 with 6.   Most of the listings are located in the high rises.  

Inventory still falling

Kayaks and canoes, tennis and golf, these are some of the amenities that my fellow denizens at Pelican Bay know so well.  We know that Pelican Bay is a unique community however NABOR, (Naples Board of Realtors) lumps us in with other zip codes, this blog is created to inform current residents and prospective buyers with current and trending statistics.

Pelican Bay:

Some fast statistics:  Inventory on the MLS continues to fall to 84 listings from 93 last reported, this fall is consistent for the summer season. There are 45 listed pending sales as of today's date in addition there has been 180 sales over the last 90 days. 

Low, low inventory, will this lead to higher prices?

Kayaks and canoes, tennis and golf, these are some of the amenities that my fellow denizens at Pelican Bay know so well.  We know that Pelican Bay is a unique community however NABOR, (Naples Board of Realtors) lumps us in with other zip codes, this blog is created to inform current residents and prospective buyers with current and trending statistics.

Pelican Bay:

Some fast statistics:  Based on June closings and the MLS inventory as of 7/23, we had a 3.1 months of supply of residences on the market, way below the Naples and National averages.   Total inventory of 93 residences represents approximately 1.5% of total residences in Pelican Bay.   Breaking down this inventory into categories we see a  1.4% figure for high-rises, 1.3% for 1-3 story residences,1.6% for mid-rises, 1.9% for villas and 1.6% for single family homes.  Obviously fairly consistent across the board.  However this is the slow season, I would expect to see inventory to rise as the snow birds return.

What's new in Pelican Bay,Naples

Kayaks and canoes, tennis and golf, these are some of the amenities that my follow denizens at Pelican Bay know so well.  We know that Pelican Bay is a unique community however NABOR, (Naples Board of Realtors) lumps us in with other zip codes, this blog is created to inform current residents and prospective buyers with current and trending statistics.

Pelican Bay:

There were 29 reported closings in June with an average price of $938,603 and a median price of $550,000.  The average days on the market (DOM) was 67. Closing price as a percent of Listing Price averaged 94.7 and we had on property that sold for the listing price, 100% and the low was 89%.