Archive for the ‘LAmbiance real estate statistics’ category

2017 YTD LAmbiance Real Estate Statistics

February 11, 2018

LAmbiance – Pelican Bay – Naples FL – We are well into our way into season. Today I saw another car carrier dropping off cars in the Pelican Bay area.  This is one of the busiest seasons I have seen.  My phone has rung more than usual and the number of e-mails I normally receive is up.  This would indicate an active market.

Let’s compare what sold in L’Ambiance in 2017 to what sold in 2016.

FIRST FLOOR GARDEN HOMES

 Average Sales Price  # of Units  CDOM
 2017  $549,800.00  3  190
 2016  $507,378.00  7  179
       

Interesting that we had less than half the sales in first floor garden homes in 2017 than we did in 2016.  Market time has also increased.

SECOND FLOOR GARDEN HOMES

 Average Sales Price  # of Units  CDOM
 2017  $565,750.00  4  78
 2016  $606,200.00  5  143

We saw the prices go down on second floor gardens in 2017. I want to note that of the four sales in 2017; only ONE of the four was totally updated.  This updated unit wasn’t even on the market a week when it came under contract.

FIRST FLOOR COACH HOMES

 Average Sales Price  # of Units   CDOM
 2017  $803,333.00  3  
 2016  $805,000.00  3  82

One of the first floor coach home sales in 2017 was a private sale.  I’m unable to calculate the cumulative days on the market because I am NOT able to obtain this information from tax records.

SECOND FLOOR COACH HOMES

   Average Sales Price  # of Units  CDOM
 2017  $860,000.00  2  163
 2016  N/A  N/A  N/A

When I look at the 2017 YTD figures for condos in the Naples Beach area, I see the median sales price for 2016 was $675,000.00. 2017 saw a 4% decrease to $645,000.00.  Inventory decrease by 5%.  At the end of 2017, the Naples Beach area had an inventory of 8.9 months.  Days of the market had also decreased.

Low-Rise condos in Pelican Bay now have an inventory that could last 6.82 months. That’s just a tad over the normal mark of 6 months for an average market. Low-Rise condos in 2017 in Pelican Bay had an average sales price of $573,280.00 and a median sales price of $540,000.00.  These numbers are down from the 2016 numbers of an average sales price of $589,451.00 and a median sales price of $560,000.00.

Since January 1, 2018 – February 7, 2018 there have been TWO low-rise closed sales in Pelican Bay.  In the same time period Pelican Bay has had 10 low-rises pending sales.

In 2017 there were 126 low-rise listing put on the market. 41 of those listings failed to sell either because the listing expired, terminated or withdrawn.  Roughly 32% of all listings taken did not sell.

What will 2018 hold in store for real estate prices?  Just based on the above numbers, I’d say Pelican Bay low rises are in a normal market. I don’t think we will see huge increases in prices this year and I also don’t think we’ll see huge price drops.

EVEN THOUGH I DO NOT HANDLE RENTALS, I can tell from the “chatter” I hear that there is very little rental inventory.  Owners who bought their units to rent until they could retire are now retiring and occupying units that used. Potential tenants are finding it more difficult to find places that will rent for 30 days. Prices on rental units in Pelican Bay seem to be increasing. If you are looking for a rental, I’d suggest you check out the rental page on our L’Ambiance site at:  https://lambiance.wordpress.com/about-lambiance/lambiance-in-pelican-bay-rentals/   The company I work at, Downing Frye Realty, Inc. has a website where you can search for rentals at: http://downingfrye.com/RealEstate/index/PropertyType/Residential-Rental/  on the right hand side of the screen put in the 1) Neighborhood you want 2) The TYPE you would want is Residential Rental.  This site will give you a good idea of rental prices.

If you own in L’Ambiance, have you joined our L’ Ambiance in Pelican Bay Facebook page yet?  To do so 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 before you are approved for the page.

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.

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 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via       e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

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First Quarter 2017 LAmbiance Sales Statistics

May 18, 2017

LAmbiance – Pelican Bay – Naples, FL – Everyone keeps asking me “How’s the market doing?”  Let’s take a look at the first quarter of 2016’s statistics and compare them with the first quarter of 2017’s statistics.

GARDEN HOMES

2016 2017
Number of Sales 5 1
Average Sales Price $624,600.00 $523,000.00
Median Sales Price $639,000.00 $523,000.00

You can see that the first quarter of 2017 had a lot less activity than the first quarter of 2016.  In fact as of today, there are only 2 garden home sales since the beginning of January.

COACH HOMES

2016 2017
Number of Sales 2 4
Average Sales Price $807,500.00 $835,000.00
Median Sales Price $807,500.00 $810,000.00

Coach Homes had a modest increase in their average and median sales prices.

Low Rises in Pelican Bay had an increase in price in the first quarter of Pelican Bay with just a tad more closed sales than the first quarter of 2016.  View 2017 Low-Rise Pelican Bay statistics HERE.   To view the first quarter statistics for the Naples market click HERE.Coach homes saw 4 sales in the first quarter of 2017 with a price increase in both the median and average sale prices.

There is only one unit for sale currently in L’Ambiance.  Pelican Bay has just 53 low rises on the market as of today.  53 low rise units for sale gives us a “normal” market of 6 months of inventory.

Until things become more steady in the world, I don’t think we are going to see the market have sizable increases.  Is it a good time to sell?  Yes, if you are aware of market pricing and don’t try to ask way too much for your residence. While Sellers would like our prices to increase 15% each year, it just is not going to happen at present.

If you are thinking about selling your L’Ambiance unit, please call me before you decide to 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 LAmbiance.  I’d be happy to discuss not only the pricing in LAmbiance but the pricing for low-rises in Pelican Bay and low-rises in Naples to see how your unit fits into the equation.

Looking for a home in LAmbiance or Pelican Bay? Click Here

Would you like to subscribe to LAmbiance updates? E-mail me atLynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

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 Pelican Bay. Her 39 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail atLynn@NaplesBuys.com or call 239-594-2780.

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2016 LAmbiance Real Estate Statictics

February 11, 2017

LAmbiance – Pelican Bay – Naples, FL –  Are you curious as to what happened to real estate prices in LAmbiance in 2016?  Let’s take a look at how 2016 compared to 2015.

First Floor Garden Homes

 Average Sales Price  # of Units  CDOM
 2015  $506,000.00  5  158
 2016  $507,378.00  7  179

First floor garden homes stayed about even in terms of pricing.  Note that the cumulative days on the market did increase.  There were six, 2 bedroom units that sold in 2016 and only one 3 bedroom sale. 

 2016  Average Sales Price  # of Units   CDOM
 2 Bedroom  $478,608.00  6  179
 3 Bedroom  $680,000.00  1  94

SECOND FLOOR GARDEN HOMES

 Average Sales Price  # of Units  CDOM
 2015  $577,257.00  7  131
 2016  $606,200.00  5  143

In 2016, there were two, 3 Bedroom second floor garden units sold with an average price of $659,500.00.  There were also three, 3 Bedroom + Den units sold with an average price of $570,666.00.

FIRST FLOOR COACH HOMES

 Average Sales Price  # of Units   CDOM
 2015  $735,000.00  3  60
 2016  $805,000.00  3  82

 SECOND FLOOR COACH HOMES

 Average Sales Price  # of Units  CDOM
 2015  $847,500.00  2  111
 2016  N/A  N/A  N/A

I have to say that units that have been updated have sold for better prices than the units that have been left in their original state.  Units with water views are also selling for better prices than units without water views.

What I see taking place in the low-rise market in Pelican Bay is an increase in market time, more price reductions coming through and more listings that are failing to sell.  As of today, there are 69 low-rise units on the market in Pelican Bay.  Since January 1st, there have only been 14 Pending sales and 9 Closed Sales reported. We currently have enough low-rise inventory to last 9 months.  A “normal” market is 6 months worth of inventory. I’ll be updating the www.PelicanBayExpert.com site with statistics for low rises in Pelican Bay over the next week or so.

I also see the seasonal rental market in Pelican Bay as extremely competitive.  More owners are deciding to use their units thereby taking their units out of the rental market. Seasonal rental prices have increased.

I had hoped that after the U.S. election that our market would pick up to the speed it was at last season.  Sadly, I have not seen this happen.  The high end of the market seems to be exploding.  Take a look at the CONDO statistics for the Naples area market over 2 million.

There was an article published recently by the Florida Association of Realtors that discussed the nervousness of foreign buyers. Everyone living in Florida know how much foreign buyers contribute to the real estate market.

Hopefully world events will settle down and people will have more confidence in purchasing retirement or second homes. In the mean time, unless you absolutely, positively HAVE TO SELL, I would suggest that you wait to put your property on the market until we see more movement in the market. I would also suggest that before you decide to put your property on the market you consider making some updates to your unit.  If you are undecided on what to do, give me a call, I would be happy to discuss this with you.

Are you thinking of selling your LAmbiance home?  Please give me a call.  I have a list of buyers who are looking for specific units in LAmbiance. ESPECIALLY FIRST FLOOR THREE BEDROOMS UNITS.   I’d be happy to discuss not only the pricing in LAmbiance but the pricing for low-rises in Pelican Bay and low-rises in Naples to see how your unit fits into the equation.

Looking for a home in LAmbiance or Pelican Bay? Click Here

Would you like to subscribe to LAmbiance updates? E-mail me atLynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

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 Pelican Bay. Her 39 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail atLynn@NaplesBuys.com or call 239-594-2780.

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LAmbiance Real Estate Activity

October 30, 2015

LAmbiance – Pelican Bay – Naples, FL –  Have you been wondering what is happening in the real estate market in LAmbiance?  It’s been a busy year, not only for LAmbiance but also for Pelican Bay.

Every once in a while I receive a postcard in the mail from a Realtor® listing real estate activity in LAmbiance.  This card can give you a quick glance at prices; however you are not able to see photos of the units or all the information on the units.

In my LAmbiance blog,  I provide a link to the real estate activity in LAmbiance like this: Click here for: LAmbiance real estate activity. Clicking on this link will give you more information than you will ever obtain from a postcard.  Once you click on the above link, this is what you will see:

LAmbiance Real Estate Activity

I thought you might like to have an explanation of how you get to see the photos and full listing information, including the list price and the sales price of all the listings.

If you want to see full size photos of the listing, click on the icon that looks like a photo. You’ll be taken to a screen that looks like this:

Full photo shot

You can’t see it very well in this photo but there is a carrot symbol > in the middle right and left hand sides of the photo that allow you to scroll through all the photos.

When you are at the original list, you can click on the ML# to be taken to a full information sheet on the listing which will show the sales information.  It will look like this:

Full Information sheet

Note: The sales price list is on the right hand side under the MLS number.  The gray vertical bar on the right hand side of the page allows you to scroll up and down for more information.  If there is a virtual tour for the listing, you will see a link you’ll be able to click on to view the tour.

The letters A, P, PC and S to the right of the MLS# indicate if the listing is Active, Pending, Pending with Contingencies or Sold.

As of today, we have 7 Active listings in LAmbiance showing an average of 123 days on the market.  14 Sales have been reported in LAmbiance showing an average of 55 days on the market. 

The average days on the market for LAmbiance’s active listings does concern me a bit.  As of today in Pelican Bay, there has been 101 Low-Rise listing sold with an average market time of 57 days and an average price of $545,117.00. 

What does this mean? In the past when I have seen market times rise, it usually means that properties are plateauing or overpriced.  I am closely watching market times in relationship to the scarcity of inventory. As of today, there are only 26 low rise listings on the market in Pelican Bay. Scarcity of inventory is certainly helping prices rise.

I hope you find all this information helpful. I try to provide as much useful real estate information to our neighborhood as I can.  If you could care to comment, just click on the comment link at the bottom of this blog entry.

If you are planning on selling your LAmbiance unit, please give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com

Looking to buy in LAmbiance?  Start your search by clicking on Buying in LAmbiance.

Want to buy in Pelican Bay?  Start your search here by clicking on Buying in Pelican Bay.

Would you like to subscribe to Lambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

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 Pelican Bay. Her 37 years of real estate experience and her area expertise have been valuable resources to Pelican Bay 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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2014 YTD LAmbiance Real Estate Statistics

May 15, 2015

LAmbiance – Pelican Bay- Naples FL – Usually by the end of March or April I try to publish the YTD figures for LAmbiance.  This was such an incredibly busy season for me that I am finally getting around to calculating all the statistics! Please note that the prices I reference in the charts are sales prices.

FIRST FLOOR GARDEN HOMES

Average Median #of units
2013 $517,000. $485,000. 3
2014 $501,875 $489,000. 4
Jan – May 2015 $538,667. $540,000. 3

SECOND FLOOR GARDEN HOMES

Average Median #of units
2013 N/A N/A 0
2014 $520,000. $502,500. 4
Jan – May 2015 $583,180. $600,000. 5

FIRST FLOOR COACH HOMES

Average Median #of units
2013 $662,500. $670,000. 4
2014 $650,000 $650,000. 1
Jan – May 2015 $772,500. $772,500. 2

SECOND FLOOR COACH HOMES

Average Median #of units
2013 $803,280. $813,500. 2
2014 N/A N/A 0
Jan – May 2015 $847,500. $847,500. 2

You’ll note that there has been price increases in both the coach homes and the garden homes. I want to stress that the units in LAmbiance receiving higher prices are the units that have been updated.  What do I mean by updated?  These units have spent considerable money on updating their kitchens and baths.

There is precious little low rise inventory on the market. As of today, the MLS shows 25 low rise listings on the market in Pelican Bay. Between May 15, 2014 – May 15, 2015 there were 105 low rise sales in Pelican Bay.  This amounts to 8.75 units sold per month.  At this rate, our inventory of 25 listings would only take 2.85 months to deplete.  This creates an environment where Sellers can be more aggressive on their pricing.

Are you thinking of remodeling your LAmbiance unit before you sell it?  Please talk to me.  We can discuss what changes might benefit your unit.

I currently have a backlog of buyers for units in LAmbiance.  If you are thinking of selling, please contact me at Lynn@NaplesBuys.com or by calling 239-594-2780.

Rentals in LAmbiance are at a HIGH DEMAND for season 2016.  I DO NOT HANDLE RENTALS but I receive several calls a week from potential tenants looking for LAmbiance units to rent.  If you are trying to rent your unit yourself and have not placed a tenant for 2016, you might want to send me information on your unit so I can post it on our LAmbiance rental page.  I do this as a service for owners trying to rent their units on their own.  I can not post a unit if that unit is listed with another Realtor.

Looking for a home in LAmbiance? Click Here

Would you like to subscribe to Lambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

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 Pelican Bay. Her 37 years of real estate experience and her area expertise have been valuable resources to Pelican Bay 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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LAmbiance Prepares for the Weather

February 20, 2015

LAmbiance – Pelican Bay – Naples,FL Old Man Winter AKA The Polar Vortex found his way to LAmbiance this morning. Yesterday afternoon our on site manager, Jimmy, was busy covering L’Ambiance’s entry flowers.

Winter comes to LAmbiance

It appears we broke a record low set in 1960 at 39 degrees as we clocked in at 38 degrees this morning.  My husband, Don Wilber, actually turned on the heat.  I think the last time we used the heat was back in January of 2009! Our temperatures should bounce back to the sixties this afternoon.

No matter how cool it gets in Naples, I’d still rather be here than where my sister-in-laws are in Boston.

Boston Feb 2015

Yes, that is Don’s sister standing at her full 5’2” holding up the snow shovel behind the snow bank.  If you look closely at the lower left hand side of the photo you’ll see the pink flamingos they have in the snow on their front porch.  I’m glad they have a sense of humor about their weather.

There has been a flurry of real estate activity in LAmbiance and Pelican Bay this season.  LAmbiance as of today has 3 active listings, 6 pending sales and 3 closed sales since the beginning of the year.  Click here to see LAmbiance real estate information. It is interesting to note that the 3 closed sales all had redone their kitchens.  Two of them had also redone their baths.

Two first floor coach homes came on the market last weekend and they were both under contract by Monday.

Let’s talk about rentals in LAmbiance.  You all know I do not handle rentals. I do have a rental page I set up for LAmbiance owners who rent their units themselves at: LAmbiance Rentals . The number of hits this page has received is astronomical!  Rental prices have increased all over Pelican Bay because of the lack of rental inventory.  If you a LAmbiance owner who has family and/or friends that are looking to rent a place in Pelican Bay for season 2016, they can try:

  • Calling Downing Frye’s Rental Department at 239-261-2244 x795.
  • Going to Vacation Rental By Owner at www.VRBO.com
  • Going to Home Away at www.HomeAway.com

Even using these resources, they still could have a difficult time find a place to rent in Pelican Bay.

Should you be thinking of selling your home in Lambiance and want to know what your home is worth in today’s Seller’s market, I am happy to give you a free market evaluation. Feel free to call me at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com

Looking for a home in LAmbiance? Click Here.

Would you like to subscribe to Lambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

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 Pelican Bay. Her 37 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | LinkedIn | Website | Twitter | FaceBook

 

 

How LAmbiance Spent Its Summer Vacation!

September 5, 2014

LAmbiance – Pelican Bay, Naples, FL – LAmbiance has been in a flurry of activity this summer. Our new roofs were finished, our buildings have been power washed.  I want to say that I was impressed by the professionalism of Castilla Roofers. The original gutter work has been completed. The LAmbiance Board has asked for additional work to be completed.

LAmbiance Roof Replacement Prior To Completion

In addition to all of the above mentioned work, Summit Broadband was installing their cables for their fiber optic network.

Summit Broadband Installing Cables in LAmbiance

Summit has recently begun installing boxes for the Optical Network Terminals on the coach homes and in the utility enclosures on the garden homes. Yes, it has been a busy summer in LAmbiance.

REMINDER – If you have been using a Comcast e-mail address that was linked to your Comcast service here in Naples, you will lose that address when you switch over to Summit Broadband.  You’ll want to change your e-mail address before the switch over to Summit happens.  Yahoo, Google and Outlook.com offer free e-mail services. Note: If you change your e-mail address, please let me know so I can keep you updated.

What’s been happening in the real estate market?  There are currently only 4 listings for sale in LAmbiance.  We have one pending sale and have had 6 closed sales since the beginning of the year.  To view details of all this information double click on this link: LAMBIANCE REAL ESTATE DETAILS

What’s been happening in the low-rise condominium market in Pelican Bay? As of today, here are the latest statistics. Note closed sales represent closed sales from the period of January 1, 2014 – September 5, 2014.

LOW-RISE CONDO ACTIVITY IN PELICAN BAY

Active Listings Pending
Sales
Closed
Sales
# of Units 27 4 72
Average Price $707,167.00 $456,625.00 $446,434.00
Days on Market 158 230 133

I want everyone to notice the number of active listing on the market —- there are just TWENTY-SEVEN listings. Granted this is the fall but this inventory has been getting lower for awhile.  Also note the average price of the pending sales vs the closed sales. It has been my past experience that when the average price of the pending sales have been higher than the average price of the closed sales, an increase in prices were around the corner.  If you have been thinking about putting your LAmbiance unit on the market, give me a call.

Let’s talk about 2015 seasonal rentals in Pelican Bay. Please remember I do not handle rentals. What I can tell you is that seasonal rentals for the 2015 market are almost non-existent in Pelican Bay. Even though I do not handle rentals, my phone has been ringing off the hook with people looking for 2015 seasonal rentals. The interoffice e-mail I receive has a constant stream of e-mails from agents looking for rentals in Pelican Bay. I have seen the prices of seasonal rentals increasing. The lease expensive rental listing in the MLS as of today in Pelican Bay is a unit in Laurel Oaks for $5,200.00 a month in season. My husband, Don, has teased me that we should rent our unit out and move to Costa Rica for 3 months. I reminded him it would be a bit hard for me to list and sell properties in Costa Rica!

This summer was not only a busy one for LAmbiance but for Naples in general.  I have to say that this August was the busiest August I have seen in the 18 years I’ve lived in Naples! I saw two car carriers in July in Pelican Bay which made me wonder if people were just leaving or coming to live here.  Just this week I saw two car carrier dropping off cars.  Hotels and restaurants in Naples were busy this August.

Don and I have made good use of the South Beach this year.  One of the many things we like about living in LAmbiance and Pelican Bay is the beach in the summertime. Every day after work, rain permitting, Don and I try to get to the beach to relax and enjoy the warm Gulf waters.

If you have been thinking of selling your L’Ambiance unit, please give me a call 239-594-2780 or e-mail me at Lynn@NaplesBuys.com I’d be happy to discuss current market conditions and the price I think your unit would sell.

Do you have your heart set on finding a home in LAmbiance?  Click here—> LAmbiance Homes For Sale.

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 36 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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