Posted on Sunday, March 22, 2015
(folks at the farmers market on a Saturday morning)
Pelican Bay is booming. Readers of the blog will know this particular area continues to see short inventories and rising volumes and seems “hot” in the already booming Naples market. As an example 803 Shadow Lake Lane asking $998,000 is the least expensive single family home for sale in Pelican Bay this morning. Wow. We remember when the first home in Port Royal sold for more than $1,000,000 and now the least expensive homes in Pelican Bay approach that number.
The inventory of homes in Pelican Bay has fallen below five months to a remarkable 4.34 months. If you look at the numbers this morning (Matrix MLS) there are 1116 properties for sale in Pelican Bay (fewer than last month), 107 properties have sold in the last 120 days (more than last month) resulting in a 4+months-inventory supply pace. This inventory level is very supportive of further price increases. Throughout last summer we saw this same trend as the near-north beach access community stood right in the path of eager home buyers.
A visit to pelicanbay.org will teach you a lot about the area and why this neighborhood continues to thrive in the most recent Naples real estate boom. Environmentally focused from its beginnings large tracts are set aside for preservation.
(who doesn’t like the beach life?)
Two wonderful beach access points served by friendly people in golf carts take you to two beach restaurants and spectacular sunsets. The tennis team just beat our club this week (tough to admit!) and you will find the residents very interested in fitness from bikers to joggers to walkers.
Property types range from all manner of condos with some spectacular views as well as the 21 single family homes for sale this morning ranging from $1,185,000 to $19,900,00.
I hope you have an opportunity to visit or live in Naples or Marco Island. If you would like to know more about living here just give us a call at 239.595.3921.
(the Naples Best Addresses Team)
Please also consider reading our book “Understanding Naples Real Estate” to get you started on a real estate search https://www.naplesbestaddresses.com/offer/ or just give us a call about things to do here.
We look forward to meeting and talking with you soon,
Mark Goebel PA, Nan Goebel PA and David Goebel, PA
Co-Founders of the Naples Best Addresses Team
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier Count and The Naples Winter Wine Festival.
Some of the data related to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan and son David. Talk to Mark, Nan and Dave about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Contact us to learn more about Naples real estate trends, the florida rental market, Naples design ideas like coastal contemporary and transitional designs or just get a feel for the place like Naples Florida population trends.