2012 Year to Date LAmbiance Real Estate Sales

LAmbiance- Pelican Bay Naples, FL – I’ve been working on the 2012 year to date real estate sales figures for LAmbiance this past week.  It is interesting to note that not one Garden Home sold in 2012!

FIRST FLOOR COACH HOMES

 Year To Date 2011 2012
Number of Solds 6 5
Average Sales Price $554,583.00 $644,080.00
Days on Market 140 165
List to Sale Differential 5.97% 4.27%
% of Unsold Units 14% 17%
Average Price Unsolds $554,583.00 $745,000.00

SECOND FLOOR COACH HOMES

 Year To Date 2011 2012
Number of Solds 0 3
Average Sales Price $794,833.00
Days on Market 91
List to Sale Differential 2.43%
% of Unsold Units 25%
Average Price Unsolds $809.900.00

Note that the list to sale differential has fallen to below 5%! We’ve also seen nice appreciation in the first floor Coach Homes.

As of today’s date there are five properties for sale in LAmbiance; 3 second floor coach homes, 1 first floor coach home and 1 first floor garden home.  We have two pending sales, 1 second floor coach home and 1 first floor coach home. There has been one first floor coach home closed sale since the beginning of the year.  Click here to see the link: Lambiance 2013 Real Estate Activity

LOW RISES IN PELICAN BAY

 Year To Date 2011 2012
Number of Solds 94 108
Average Sales Price $434,934.00 $421,606.00
Days on Market  205 205
List to Sale Differential  7.38% 6.30%
% of Unsold Units  49% 43%%
Average Price Unsolds  $448,160.00 $435,141.00

Sales prices for Low Rises in Pelican Bay decreased 3.064% from 2011 to 2012.  On the flip side, the amount of closed sales increased in 2012 over 2011 and the number of unsold units fell from 49% in 2011 to 43% in 2012. As of today, there are only 66 low-rise units on the market in Pelican Bay.  This is the lowest number for Low Rise inventory that I have seen in a long time.

A “normal” market is considered one that has an inventory that could last six months.  As of today, Low Rises condos in Pelican have an inventory that could last 7 months. It appears that we have pretty much hit the bottom of the market.

Since there are less Low Rise units on the market, I think that we may see more aggressive pricing taking place this year.

Should you be thinking of selling your home in L’Ambiance and want 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 call me at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com

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 or just click on E-mail Subscription to LAmbinace Blog on the right hand side of this blog. Please know that I will keep your e-mail address private. Care to comment about living in L’Ambiance? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no 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 35 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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One Comment on “2012 Year to Date LAmbiance Real Estate Sales”

  1. HowieGail@aol.com Says:

    Excellent information for those of us who are looking to purchase.. Thank you.

    Like


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