There is currently a 17 month supply of inventory in the Pelican Bay Naples Florida villa market. Not too long ago the Pelican Bay villa market was the best selling market in Pelican Bay. The real estate market in Naples Florida changes fast and often. That's why it's great to keep up with my Naples, Florida blog or contact me direct.
Currently there are 40 Pelican Bay villas on the market with only 28 Pelican Bay villas sales during the last 12 months. Here's a rundown of each villa subdivision in Pelican Bay:
Hot Pelican Bay Villa Communities:
Bay Villas at Pelican Bay is doing GREAT! 4 villas are currently on the market with 7 sales during the last 12 months. Prices here are definitely on the rise here.
Las Brisas at Pelican Bay has had 2 sales during the last 12 months with 1 currently on the market.
Villa La Palma Bay Colony has had 2 sales during the last 12 months with only 1 currently available!
Villa Lantana at Pelican Bay has 1 pending 2 sales during the past 12 months and 0 available.
Vizcaya at Bay Colony has 3 sales during the past 12 months with 2 currently available. There's a nice deal in here!
Pelican Bay Villa Communities Holding Their Own:
Beauville at Pelican Bay is doing ok. There are currently 2 for sale with 1 under contract and 1 sale during the last 12 months. A quick look makes me question if prices are going up here too.
Lugano at Pelican Bay has 1 for sale and 1 closed. Not much more to report here.
Tierra Mar at Pelican Bay has 2 for sale, 1 pending, 1 closing. According to list prices, it appears pricing here has gone up.
Villas at Pelican Bay has had 3 sales during the past 12 months with 3 currently on the market.
Pelican Bay Villa Communities With An Oversupply Of Inventory:
Bridgeway Villas at Pelican Bay are not having a great year. There are currently 3 for sale with 0 sales during the past 12 months...pricing hasn't changed a great deal although there have been a few price reductions over the past couple of months. Might be a place to make a deal...call me if you're interested in testing the waters.
Carlton Place at Pelican Bay has 3 homes available, 1 pending and only 1 sale during the past 12 months. There have been a few price reductions here but for the most part owners appear to be holding on to their prices...it might be worth a shot to test the waters here.
Cocobay at Pelican Bay has 3 homes available and 3 sales during the last 12 months. If you're not familiar with Cocobay at Pelican Bay and you're interested in a villa, you might check these out. Personally, I think the floor plans are fabulous!
Grand Bay at Pelican Bay has 2 available with 1 under contract. 0 sales during the last 12 months. These offer great floor plans as well. You should check them out!
Sand Pointe at Pelican Bay has 2 for sale and 1 closing during the last 12 months.
St. Andrews at Pelican Bay has 2 for sale 0 pending, 0 sales during the last 12 months.
St. Raphael at Pelican Bay villas has 2 for sale, 0 pending, 0 sales during the last 12 months. One big price increase here...
Pelican Bay Villa Communities With Little To Report:
Chanteclair Manor at Pelican Bay has 1 unit available, 0 pending 0 sold for the year. There just isn't a whole lot going on here.
Interlachen at Pelican Bay has 1 villa unit available with 0 pending 0 sold...not much to report.
If you're thinking about selling your Pelican Bay villa, I would be very strategic in marketing and pricing if I were you. Villas located in areas where there is little product should obviously have a better chance. I definitely see a difference in pricing in some areas and locations where there is ample product and little movement is proof the whole area is overpriced...I'm happy to assist you reach your objective.
If you're thinking about purchasing a Pelican Bay villa, there are some deals to be had out there and there are some overpriced units as well. It's best to work with an agent who can do a comprehensive market analysis for you. Call me and I'm happy to assist you make the right purchasing decision.
Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl
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