Cannes at Pelican Bay Update

Cannes at Pelican Bay...this Pelican Bay neighborhood has been a bit of a sleeper since inception. Here are the stats:

• 0 Active
• 0 Pending
• 1 Closed during the past 12 months

There just isn't a great deal of activity that goes on in Cannes which has much to do with the fact that Cannes at Pelican Bay units were built in 2005 and there's only 16 of them. Of the 4 recorded Cannes at Pelican Bay closings found in  MLS, the lowest priced unit closed for $1,000,000 in January, 2011.  That was only 71% of list price and while that was a pretty good deal, some of the original units sold for less during 2005.  The lowest recorded sales price was $795,000, a unit that closed on 8/16/2005. 

While we're talking about sales data, I discovered the market time in Cannes at Pelican Bay for the 4 MLS sales is quite high, 334 days on average with 881 days being the most time a unit was on the market.  The unit that sold this year was on the market for well over 200 days which is also high. 

Market time in Naples is a crazy point to factor and here's why. So much of the luxury properties in Naples are not primary homes so the inconvenience factor is relatively low compared to the inconvenience one experiences when selling their primary home. Convenience is a HUGE key in Naples and while in primary markets people tend to allow any and all showings possible, seller and tenants don't always allow showings here...especially if it's inconvenient for them.  I know that sounds crazy but that's just how it is.  Many people come to Naples during high season (January-May) to see and buy real estate and many people come to stay in their luxury homes and condos during the same time.  It can be VERY difficult to show real estate on a short notice during this time because many sellers do a TON of entertaining or simply do not want to be inconvenienced with the process of selling their place. If you are thinking about buying in Naples, it is wise to give me at least 48 hours notice if you want to give yourself a good shot of seeing all available properties.  If you give me more notice, you'll have even a better shot.  If you're a seller, there's no better way to sell a property than to let someone see it so please think twice before you refuse that showing.

If you're thinking about buying in Cannes at Pelican Bay: Call me direct and I will see what I can do to locate a Cannes property for you. 

If you're thinking about selling your Cannes at Pelican Bay unit:  You want to price it right to avoid long market times and negotiating greatly off your price even if you're the only one on the market, history has proven Cannes at Pelican Bay buyers will go outside of the neighborhood to make a purchase compared to overpaying in Cannes.  Call me direct for correct pricing and marketing concepts.

I hope you enjoyed your Cannes at Pelican Bay update.  Please call me if I can be of further assistance.

PS~ There are only 71 days til Winter! Do you have your Naples Florida real estate yet?

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!

Cannes at Pelican Bay is a gated coach home community in Pelican Bay featuring only 4 buildings and 16 units. Built in 2005 these beauties offer primarily lake views and are located on Pelican Bay Boulevard directly in front of Cap Ferrat. Unit sizes begin at 2,902 square feet and end at 3,686 square feet. A community pool is offered along with a walkway to the Pelican Bay beach access tram. Cannes at Pelican Bay property owners may rent their units three times a year with a 30 day minimum. See Cannes at Pelican Bay homes for sale!
There is only one unit available in Cannes at Pelican Bay at this time. It's listed for $1,995,000 features over 3,600 square feet of living space and offers a two car garage. It's currently being offered decorator ready. Many nice interiors have been selected regarding countertops, cabinetry and appliances but it has not had a final clean and does not show as neat as you might expect so be prepared to look past that to determine the value. It will take a little adjusting to accomplish this but once you do, you will see it really is a fabulous unit.

For more information regarding this unit or any property in Pelican Bay or Bay Colony, contact Shannon direct at 239-595-6223 or Shannon@ShannonLefevre.com