Archive for the ‘Pelican Bay Naples Florida 2011 real estate statistics’ category

2011 YTD LAmbiance Real Estate Statistics and More…..

February 7, 2012

As you can see in the photo below, it is a beautiful day in L’Ambiance’s neighborhood.

Hopefully you are here in L’Ambiance enjoying the wonderful weather in Naples.  If not, I hope your plans include a trip to L’Ambiance soon.

2012 has started off with a bang!  The last few weeks found me busier with sales than last January.  FYI – I have been inundated with phone calls and e-mails from people looking to rent this year.  If you rent your L’Ambiance unit and have been unable to find a tenant, something is wrong.  Take a moment to look at the comment on the LAmbiance Rentals page.  I do not handle rentals as I devote all my time to sales.  The telephone number for Downing Frye’s Rental Department is 239-261-2244.

What is causing this abundance of seasonal tenants?  I believe these people have chosen to rent instead of buying in the hopes that the market will continue to decline.

Speaking of the real estate market, let’s take a look at what happened in 2011 in the L’Ambiance market.

FIRST FLOOR GARDEN HOMES

  2010 2011
Number of Solds

7

3
Average Sales Price $388,214.00 $397,343.00
Days on Market 71 137
List to Sale Differential 7.28% 3.64%
% of Unsold Units   67%
Average Price Unsolds $488,660.00 $494,100.00

SECOND FLOOR GARDEN HOMES

  2010 2011
Number of Solds 3 3
Average Sales Price $473,667.00 $410,363.00
Days on Market 128 261
List to Sale Differential 6.94% 5.29%
% of Unsold Units 63% 40%
Average Price Unsolds $458,760.00 $517,700.00

FIRST FLOOR COACH HOMES

  2010 2011
Number of Solds 1 6
Average Sales Price $525,000.00 $554,583.00
Days on Market 370 140
List to Sale Differential 8.68% 5.97%
% of Unsold Units 80% 14%
Average Price Unsolds $601,000.00 $554,583.00

SECOND FLOOR COACH HOMES – No Sales in 2010 or 2011.

Just by looking at these charts, you can see that in 2011, first floor garden and coach homes showed a slight increase from prices in 2010.

What happened to low rises in Pelican Bay in 2011?

  2010 2011
Number of Solds 80 94
Average Sales Price $443,215.00 $434,934.00
Days on Market 163 205
List to Sale Differential 8.31% 7.38%
% of Unsold Units 57% 48%
Average Price Unsolds $504,100.00 $448,160.00

While these figures show a decrease in prices and a higher market time, the good news is that the percentage of unsolds has declined.

Pelican Bay currently has a low-rise condominium inventory that could last 13 months. The Naples Beach area has an inventory of condos that could last 15 months.  All of Naples has an inventory of condos that could last 12 months.  A “Normal” market is considered to have an inventory of 6 months.  It is important to note that 76% of ALL CONDO SALES IN NAPLES IN 2011 WERE UNDER $300,000.00.

Will you be here for L’Ambiance’s Paradise Cocktail Party?  The party is being held in the clubhouse on Friday, February 17th from 5:30 PM – 7:30 PM. If you attend please BYOB and an appetizer. Desserts will be provided. Hope to see you there!

Have you activated your ListingBook account yet?  If not, go to www.LynnWilber.ListingBook.comYou’ll need to sign in with the user code and password I e-mailed you. I hope all our neighbors will enjoy using this new service.  Not only will you be able to see the real estate activity in LAmbiance, but you’ll also be able to see all the real estate activity in Collier County!

Should you have an problems with setting up your account, or have forgotten your password, just give me a call at 239-594-2780. 

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 33 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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