Posted April 13, 2022 by pelicanbayexpert Categories:Uncategorized
LAmbiance – Pelican Bay – Naples, FL – The other week I was driving down 41 and I saw a car carrier unloading cars near the bowling ally by Pine Ridge. My first thought was, “OMG! If these cars are being unloaded now, these people must be moving here full time!”
In the 26 years my husband, Don, and I have been in Naples, we have never seen a season as busy as this one. The restaurants have been packed and traffic has been busier than usual. I know most of this traffic is snow bird traffic . I am interested to see how traffic is after Easter.
This morning I read the article in the link below. The inventory in all of Naples is up a bit but as of this morning, Pelican Bay only has 20 units for sale. There is nothing for sale at L’Ambiance. The last two sales in L’Ambiance were in the garden homes and they both sold $1,100,000.00. Please take a moment to read this article.
I can see prices eventually start to stabilize. When will that happen? My crystal ball is still too cloudy for me to read it.
If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.
Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.
Please note that I receive not compensation for mention of any businesses or events.
About the author:
Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.
LAmbiance – Pelican Bay – Naples FL – I read the article below this morning in one of my trade e-magazines and wanted to share it with you. It talks about real estate prices. I thought about my last blog posting when I read it. Just click on the link below to read the article.
Will you be celebrating Valentine’s Day this year in LAmbiance? I’m hoping to enjoy sunset at the beach and have Chef Wilber make me a nice dinner. Wherever you are this Valentine’s Day, I hope you have a wonderful day.
LAmbiance is in need of volunteers for the directors positions in Gardens I and Gardens II. If you are interested in becoming a director, please call Eagle Property Management at 239-596-5567 by February 11th. NOTE: If we cannot find volunteers for the job, Gardens I and Gardens II might have to pay for an outside person to fill the position.
If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.
If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.
Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.
Please note that I receive not compensation for mention of any businesses or events.
About the author:
Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.
LAmbiance – Pelican Bay – Naples FL – Years ago I bought a crystal ball as a paper weight. When people asked me about my real estate predictions, I used to joke that my crystal ball is always cloudy.
Since the pandemic started, I must have been asked my opinion of the market hundreds of times. When the pandemic first hit I worried about prices decreasing. As more people came to Naples to enjoy warm weather during the pandemic, I saw more owners pull their rental units off the market to use the units for themselves. Some of these people retired early; others were working from their Florida home.
I then saw the people who started living in the units they used to rent start looking for larger units. Almost every buyer like this that I interacted with wanted a villa in Pelican Bay under a million with a pool. Even in early 2021 this was almost impossible. People were buying larger units and selling their smaller units or keeping them in the family. As 2021 progressed, the inventory in Pelican Bay decreased. As of this morning there were only 19 listings in the entirety of Pelican Bay. Of those 19 listings, only 3 are under 1 million dollars. The least expensive is $725,000.00. In all of Naples there are only 894 active listings. I can remember when we had thousands of listing for sale in all of Naples.
This lack of inventory caused countless multiple offer to happen. Units were selling way over list price. Here’s just one example: a 3 bedroom, 1526 square feet under air, Pebble Creek unit with a one car garage, listed at $799,000.00. It closed on 1/21/22 for $856,000.00.
LAmbiance had 10 sales last year. You can click here to view them: https://bit.ly/3H8ZLvY Note: 3 of the GARDEN HOMES SOLD OVER 900K. There is a 3 bedroom, first floor garden unit that is currently off the market. It will be returning to the market after some work has been done, hopefully before mid-Feb. That unit is currently priced at $950,000.00.
My real estate career has spaned 44 years. During this period of time, I have never seen a market with so little inventory. People who might want to sell their Pelican Bay units to move to bigger units are stuck in place because there is nothing on the market.
So, what do I think is going to happen to the market? Once again, my crystal ball is cloudy. Unless we start getting more inventory on the market, I think we still will be facing multiple offers. Buyers coming into Naples now are facing major sticker shock. If they refuse to buy or the pandemic wans and inventory climbs, we might see the market start to stabilize and prices decrease a bit. I’m thinking maybe a 3-5% decrease. Let’s see what happens as Easter approaches.
LAmbiance is in need of volunteers for the directors positions in Gardens I and Gardens II. If you are interested in becoming a director, please call Eagle Property Management at 239-596-5567 by February 11th. NOTE: If we cannot find volunteers for the job, Gardens I and Gardens II might have to pay for an outside person to fill the position.
If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.
If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.
Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.
Please note that I receive not compensation for mention of any businesses or events.
About the author:
Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.
I’ve recently heard of 3 families cancelling vacations to Florida and a few snowbirds holding off their trips to their Florida residences until the Covid numbers come down. It will be interesting to see what happens this season.
LAmbiance’s units are desirable to many people. Last week we had a second floor garden home come on the market. It was under contract within 3 days. As of today there are no units for sale in LAmbiance. There are only 22 places for sale in all of Pelican Bay.
It’s definitely a Seller’s market. If you are thinking of selling, you can be aggressive with your price. There are so few listings and so much demand your property should sell quickly.
If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.
Downing Frye’s office has moved! Our new office is in the Galleria on Vanderbilt at:
8950 Fontana Del Sol Way Suite 100 – Naples, FL 34109
If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.
Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.
Please note that I receive not compensation for mention of any businesses or events.
About the author:
Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.
LAmbiance – Pelican Bay – Naples FL – I keep wondering what’s going to happen to our real estate prices once the U.S. opens its borders to foreign travelers. The article in the link below is a prediction of what international buyers will do.
There is so little inventory, adding more buyers to the mix can only decrease the inventory even more. The principle of “supply vs demand” leads me to think the prices could go higher. Currently there are no units for sale in LAmbiance and only 32 units for sale in all of Pelican Bay.
I found it interesting that international buyers were purchasing by using Zoom, FaceTime, and WhatsApp to view properties. I’ve used Skype in the past to show properties and I LOVE the new apps available to day to communicate with my buyers and sellers. It would have been nice to have some of this technology when I started out in the business.
LAmbiance is a beautiful place to live. My husband Don and I try to enjoy the beaches in Pelican Bay all summer long. Hopefully you are in town and can enjoy them too.
It’s definitely a Seller’s market. If you are thinking of selling, you can be aggressive with your price. There are so few listings and so much demand your property should sell quickly.
If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.
Downing Frye’s office has moved! Our new office is in the Galleria on Vanderbilt at:
8950 Fontana Del Sol Way Suite 100 – Naples, FL 34109
If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.
Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.
Please note that I receive not compensation for mention of any businesses or events.
About the author:
Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.
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