Bay Villas at Pelican Bay Update

WHOA! Bay Villas at Pelican Bay had a terrific year!

Current stats:

• 0 Bay Villas at Pelican Bay villas are for sale
• 4 Bay Villas Sales occurred during the past 12 months
• 0 Pending at this time
  

Not much to report but a big high five to the property owners in Bay Villas for selling all of their inventory. Pelican Bay villas as a whole is doing quite well as you may have read in a recent Pelican Bay blog post with only 8 months of inventory left on the market at this time. 

If you are a Bay Villas buyer you might consider some of the other Pelican Bay villa options still available and be ready to strike.  I had a few buyers interested in Bay Villas last year and nobody struck a deal that stuck.  You may feel hesitant to purchase at or close to asking price in an economy as dark as this may seem but you may also find yourself without a villa as well.  The average list price to sales price ratio in Bay Villas is 95% the best negotiation struck was at 91% of list price.  I also had somebody who wanted to wait til the end of season to make a better deal against my best judgement.  When they called to see review their options at the end of season, they were all gone. I can't imagine for the life of me that there won't be something that pops on the market sometime between now and season but act fast. I know there are already people keeping their eye out with what can be considered now as pent up demand.  To see Pelican Bay villas, contact me direct!

If you are a Bay Villas seller, CONGRATULATIONS!  You're in a super spot provided a bunch of your neighbors don't decide to do the same thing at the same time.  If your unit has been updated and shows well, you can expect to do well on your price.  If your unit needs updating and you want to sell this season, you'll want to be careful not to price yourself out of the market.  Keep in mind just because you may be the only show in Bay Villas, many buyers are flexible enough to look at other Pelican Bay villa communities.  Your best shot is to call me and I can assist you with the details!

I hope you enjoyed your Bay Villas Naples Florida update! For questions about Pelican Bay or to see Pelican Bay homes and condos, contact me direct! See you next time!

Best Regards,

Shannon Lefevre, PA

Bay Villas at Pelican Bayis an attached & detached villa (some are duplexes some look like single family homes on small lots) development located on the south side of Pelican Bay and can be accessed off Crayton Road. Built between 1981 and 1983 units consist of either 2 or 3 bedrooms and range in size starting at 1,540 square feet to over 1,900 square feet. The rental policy for Bay Villas at Pelican Bay allow Bay Villa owners to rent their properties a maximum of two times a year with 60 day minimums. Bay Villas at Pelican Bay are conveniently located next to six tennis courts, St. Williams Church and the Naples Grande hotel. See Bay Villas at Pelican Bay properties for sale!
After completing my preview of all the available Bay Villas at Pelican Bay (six total) I have three note worthy units to talk about.
For the investor, penny pincher, budget conscious or project manager There's a unit available now for $775,000 which is priced over $50,000 less than the next available unit. It was built in 1981 and needs work but the value is certainly there.
There are two more that show considerable well. First one is listed for $865,000. It gets Shannon's BIS (Best In Show) award. It has a tropical feel and has had some great remodeling done.
The second BIS award for Bay Villas at Pelican Bay goes to the one that's listed for $949,000. This one offers bamboo flooring and other nice upgrades.
For more information regarding Bay Villas at Pelican Bay or any other Pelican Bay homes, please email shannon@shannonlefevre.com or call me direct 239-595-6223

Pelican Bay Open House Traffic Down Compared To Last Week.

They say August and September are brutal across the board when it comes to real estate sales and it seems as if we are experiencing some of that right here in Pelican Bay. Pelican Bay's open house traffic is usually quite good even when the rest of the market is dead but when it's SO HOT like it has been and then those torrential downpours come in the middle of them, that will cool traffic off in a hurry. I did see some great product today. There's a 5th floor unit in Pebble Creek that is decorated SO CUTE and offers a great golf course view from the back. When you walk out the front door and gaze west, a picture perfect postcard view of those amazing homes in the Strand with a tiny ocean view can be seen. It's not really an added benefit to the value of the property because it's outside your front door but still a great shot. Then there's a second floor condo in St. Raphael that's decorated in a cool tropical decor. I saw three in Bay Villas. The one on the water was really great and then I saw a cute little villa in Bridge Way Villas. GREAT CEILINGS on that one.
According to the agents holding the homes open, traffic was down a little this week compared to last weekend but it is what is normally the slowest time of the year. Some sellers are motivated, others not so much so if you get a chance, give me a shout and let's see what we can negotiate for you.