Posted tagged ‘Lambiance Real Estate News November 2019’

LAmbiance Real Estate News

December 27, 2019

LAmbiance – Pelican Bay – Naples, FL – It’s been a while since I’ve updated this blog. For those of you who live in LAmbiance and know my husband, Don, our last few months have been taken up with Don’s back. He’s feeling better now. He jokes that for a while there he walked like “Grampa McCoy”. Needless to say I am thrilled he is feeling better.

So, what’s been happening with real estate in L’Ambiance? We currently have 4 active listings in L’Ambiance: http://bit.ly/LambForSale Of these four listings, 3 of them are second floor coach homes. These particular models used to be in high demand because of their open floor plans, great square footage and a two car garage. What I am seeing now is that the prices that have gotten so high that the buyers who can afford these units have issues with climbing stairs. The buyers who can climb the stairs find these units out of their price range. The market time on these units have increased.

We currently have two first floor coach homes pending. These first floor 3 bedroom units are in quite the demand. Both these units came under contract within a week! http://bit.ly/LambPending

Since the beginning of January 2019 Lambiance saw eight sales ranging from $490,000.00 to $875,000.00: http://bit.ly/2019LambSales EIGHT of these sales were GARDEN units that sold.

Pelican Bay has seen 82 low-rise sales so far this year with an average sales price of $556,854.00 and a median price of $536,000.00. 2018 saw 100 low-rise sales with an average sales price of $551,866.00 and a median sales price of $525,000.00. We’ve seen a slight increase with less sales.

The Naples Florida November 2019 Statistics: http://bit.ly/NaplesNov2019Stats is a long report that covers the Overall Market, the Single Family Market and the Condo Market. You’ll want to take a look at page 6 of the report that shows the number of condo sales betweeen 500K and 1 million, 440 sales, are down 5.5%. This is along the lines of the number of sales of low-rises in Pelican Bay being down in 2019. Page six also shows us that the number of sales for condos over 1 million total 373 sales. Page 17 shows the Naples Beach condos year to date figures show the average price up 8.9% to $997,441.00 and a median price up 5.5% to $675,000.00.

What will 2020 have in store for the real estate market? My crystal ball is still a bit too cloudy to tell you an answer!

Wherever you are enjoying your New Year, both Don and I wish you all a very happy and HEALTHY 2020.

Have you signed up for our new L’Ambiance Community website?  Because our new LAmbiance site is a secure site, registration is required. Shortly after you submit your registration, you will receive an email with login instructions. You will then be able to choose a password, login and browse the member-only sections of the site. The registration link is: https://lambiancenaples.com/registration

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.

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 41 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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