Pelican Bay Market Report 1.11.19
Happy Friday Pelican Bay Fans! I have an enormous Pelican Bay market report for you today! Bay Colony will be covered in a future post coming tomorrow!
In This Pelican Bay Market Report:
• Pelican Bay Pre-Season Results.
• Current Pelican Bay Stats.
• Pelican Bay Inventory Levels.
• Pelican Bay Listing Of The Week.
• Pelican Bay Neighborhood Performance.
Pelican Bay Pre-Season Results
Pelican Bay pre-season saw a 22% increase in sales activity compared to last year! Rolling into the season with just six months of inventory was a bit alarming but there’s no reason to fret now. We have some outstanding offerings and some pretty good pricing so both buyers and sellers should be in a pretty great position to buy and sell plenty of Pelican Bay real estate this year.
Pelican Bay didn’t see that typical summer slowdown which helped clear out some huge inventory. Some sellers who went off the market at the end of last season were abundantly surprised to hear they may have missed some selling opportunity this summer. This type of selling traffic is typical during a really hot market but not so much during slower times in the trend.
Pelican Bay Website Statistics
• Traffic on Shannon.com for Pelican Bay search terms are up 11% compared to the same time last year. Buyers are signing up for new listing alerts and market reports.
• Buyers are spending 16% less time checking out what’s for sale which could be a sign the market is cooling a little.
• Pelican Bay villa views are up 95% compared to last year. villas heated up first during the rise of the last trend!
• Pelican Bay condo views are up 69% compared to last year.
• Pelican Bay home views are down 52% compared to last year.
• The most searched neighborhood in Pelican Bay is St. Raphael. Last year it was Avalon.
By the way, Shannon.com is placing on the first page of Google for over 200 Pelican Bay related search terms! Yaaassss!!!
Pelican Bay Stats From MLS
• Pelican Bay price reductions are up 28% compared to last year.
• New listings are up 48%
• Expired listings are up 71%
• ACTIVE: 216 UP FROM 154 Active.
• 36 Pending.
• Sold 328 up from 311 (past 12 mo.).
• Average List Price: $2,180,202 down from $2,292,166.
• Average List/Foot: $666 down from $692.
• Average Pending Price: $2,304,011 up from $1,935,934..
• Average Pending/Foot: $785 up from $667.
• Average List Price on Closed Past Year : $1,410,066 down from $1,445,803.
• Average List Price on Closed/Foot:$556 down from $560.
• Average Closed Price Past Year: $1,327.338 down from $1,357,654.
• Average Closed Price/Foot: $525 down from $528.
• Inventory: 7.0 mo. up from 5 months.
Pelican Bay Inventory Levels
• 51 Pelican Bay neighborhoods (up from 36) are undersupplied.
• 22 up from 11 are stable.
• 12 up from 9 are oversupplied.
• 13 down from 20 have ZERO inventory.
BEST HIGH-RISE DEAL IN PELICAN BAY!
6001 Pelican Bay Blvd. #406 (edited…I already sold it but I have an amazing villa coming! Call me about it!)
Check out the amazing square-footage value on this great sized full 3 bedroom end unit featuring Gulf of Mexico views! This property is perfect for the buyer who wants a great deal of space, loves the Pelican Bay lifestyle and doesn’t want to pay today’s premium for somebody else’s renovation. Lots of natural light, ample lanai space and more view than you will expect from a 4th-floor height makes this one seriously worth your consideration. Amenities in Grosvenor include meeting and social rooms, theater, fitness room, southern exposed updated pool, spa, grill, and 24-hour concierge security with incredibly friendly and helpful staff. Extensive renovations including newer roof, lobby renovation, newer impact resistant front doors. Easy walkway to direct beach club access.
Priced at $54/foot less than any other high-rise unit in Pelican Bay!
Call me today for a tour or to inquire about remodeling estimates.
Pelican Bay Neighborhoods
Avalon
UNDERSUPPLIED
• 2 Active
• 1 Pending
• 10 Sold during the past year.
Avalon continues to see enormous success with only 2 units remaining. Now is a great time to sell!
Ask me how we hold the record for highest priced sale in Avalon since 2005!
Barrington 
STABLE
• 1 Active
• 0 Pending
• 1 Sold during the past year
This market is stable!
Pretty remodeled and furnished home on the market HERE!
If you’re thinking about selling, call me.
Barrington Club
UNDERSUPPLIED
• 1 Listings
• 0 Pending
• 7 Closed during the past year.
Barrington Club is experiencing a banner year as well!
We need listings here too!
Bay Villas
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 3 Sold during the past year
Pelican Bay villa product was ON FIRE this summer and with low inventories.
Now is a GREAT time to sell!
Beauville 
STABLE
• 1 Active
• 0 Pending
• 1 Sold during the past year.
Beauville is perfectly healthy with a motivated seller right now!
Check out what has recently been reduced!
Breakwater
UNDERSUPPLIED
• 7 Active
• 0 Pending
• 11 Sold during the past year.
Breakwater has had an exceptional year! Market times are increasing a bit. There are great talking points for buyers. Call me!
Bridge Way Villas 
UNDERSUPPLIED
• 1 Active
• 1 Pending
• 2 Sold during the past year.
Good value here!
Bridge Way is doing an amazing job staying on top of the market!
Calais
UNDERSUPPLIED
• 3 Active
• 1 Pending
• 12 Sold during the past year.
Calais is continuing the winning streak with just 3 months of active inventory but pricing may be getting a little out of control here. Call me today so we can help you reap the highest reward for your unit.
Cambridge
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 2 Sold during the past year.
With just a tiny handful of homes and 2 sales in the past year, this location could remain dormant for the next foreseeable future. It might be worth checking out other Pelican Bay home locations.
Cannes 
UNDERSUPPLIED
• 0 Active
• 2 Sold during the past year.
We need inventory here! Call us if you’re thinking about selling.
Cap Ferrat
UNDERSUPPLIED
• 4 Active
• 1 Pending
• 4 Sold during the past year.
Cap Ferrat is stable today but most of the units for sale are low floors. We could use another unit or two on higher floors to market!
Check out our awesome marketing tactics to help buyers find your property!
Carlton Place
UNDERSUPPLIED
• 0 Active
• 1 Pending
• 0 Sold
Areas like Carlton Place are very light with inventory and need listings.
Find out how we can get the attention your home deserves helping you capture the best price possible!
Chanteclair Maisonettes
UNDERSUPPLIED
• 2 Active
• 1 Pending
• 3 Sold during the past year.
Even with the lower inventory, I’m still seeing some softening on prices.
Find out how you can get the biggest bang for your buck!
Chanteclair Manor 
STABLE
• 1 Active
• 0 Pending
• 1 Sold during the past year.
There’s a great opportunity to remodel here Check it out!
Chateaumere
OVERSUPPLIED
• 5 Active
• 4 Sold during the past year.
There’s a great deal in here!!!
Chateaumere Royale
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 3 Sold during the past year.
Now might be a great time to sell your unit. Call us today to see how we can attract buyers to your condo!
Claridge
UNDERSUPPLIED
• 4 Active
• 2 Pending
• 3 Sold during the past year.
Claridge is starting the new year with amazing success and some pretty new offerings!
If you’re in the market for a remodeled high-rise, check out what’s available.
Cocobay
STABLE
• 2 Active
• 0 Pending
• 2 Sold during the past year.
Yes! We finally have inventory in Cocobay! If you’re thinking about listing call us today to find out what you can realistically expect when selling your home.
Coronado
STABLE
• 2 Active
• 1 Pending
• 1 Sold during the past year.
There is a GORGEOUS UNIT available here! You should check it out today!
Crescent
STABLE
• 8 Active
• 0 Pending
• 8 Sold during the past year.
Currently at stable levels, more listing could pose a problem.
Call me to see how to not get stuck holding the property over the summer.
Dorchester 
UNDERSUPPLIED
• 1 Active
• 1 Pending
• 5 Sold during the past year.
Great activity happening in Dorchester right now.
There’s a gorgeous remodel here worth checking out!
Georgetown
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 3 Sold during the past year.
There’s a really pretty home available here right now!
Glencove
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 3 Sold during the past year.
WE NEED INVENTORY HERE!
Grand Bay
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 1 Sold during the past year.
WE NEED LISTINGS HERE!!!
Grosvenor
OVERSUPPLIED
• 5 Active
• 0 Pending
• 4 Sold during the past year.
THE BEST HIGH-RISE DEAL IS LOCATED HERE!!!
Heron
OVERSUPPLIED
• 3 Active
• 0 Pending
• 1 Sold during the past year.
Thinking about selling? Avoid lengthy market times by hiring me for my online marketing strategy!
Hyde Park
UNDERSUPPLIED
• 4 Active
• 0 Pending
• 8 Sold during the past year.
There’s an AMAZING UNIT AVAILABLE HERE!
Hyde Park is seeing some amazing success! If you’re thinking about selling, avoid lengthy market times with my foolproof marketing strategy!
Interlachen
UNDERSUPPLIED
• 4 Active
• 0 Pending
• 12 Sold during the past year.
THERE’S ONE WORTH CHECKING OUT HERE!
Isle Verde
OVERSUPPLIED
• 3 Active
• 0 Pending
• 1 Sold during the past year.
If you want to avoid lengthy market times and accomplish a sale this season, call me for my foolproof marketing strategy.
Jamestown
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 0 Sold during the past year.
This place hardly ever has anything going on.
L’Ambiance
UNDERSUPPLIED
• 4 Active
• 0 Pending
• 5 Sold during the past year.
L’Ambiance is approaching stable levels quickly. If you want to avoid a lengthy market time and get that sale this season, call me for an excellent sales strategy!
Las Brisas
UNDERSUPPLIED
• 0 Active
• 1 Pending
• 6 Sold during the past year.
WE NEED LISTINGS HERE!
Laurel Oaks
UNDERSUPPLIED
• 4 Active
• 0 Pending
• 16 Sold during the past year.
THERE’S A DEAL IN HERE!
Laurel Oaks is crushing it this year with just 3 months of inventory!
Lugano
STABLE
• 2 Active
• 0 Pending
• 2 Sold during the past year.
If you’re thinking about selling your Lugano condo call me today to see how you can avoid lengthy market times!
Marbella
OVERSUPPLIED
• 13 Active
• 5 Pending
• 6 Sold during the past year.
Most active building in Pelican Bay right now!
Montenero
OVERSUPPLIED
• 3 Active
• 0 Pending
• 0 Sold during the past year.
WOW! There is an AMAZING UNIT FOR SALE HERE!!!
Oak Lake Sanctuary
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 0 Sold during the past year.
It’s quiet here! Thinking about selling? See how our web traffic can drive a buyer to your property!
Oakmont
OVERSUPPLIED
• 9 Active
• 8 Sold during the past year.
Thinking about selling? Avoid lengthy market times by listing with a marketing expert who also happens to be a neighbor!
Pebble Creek
UNDERSUPPLIED
• 5 Active
• 0 Pending
• 14 Sold during the past year.
Lengthy market times are starting to take over in Pebble Creek. Avoid this by listing with an online marketing boss!
Pelican Bay Woods
UNDERSUPPLIED
• 10 Active
• 18 Sold during the past year.
THERE ARE SOME REALLY PRETTY REMODELED HOMES HERE!
Pinecrest
STABLE
• 2 Active
• 1 Pending
• 3 Sold during the past year.
There’s a GORGEOUS NEW HOME on the market here!
Pointe
OVERSUPPLIED
• 6 Active
• 0 Pending
• 5 Sold during the past year.
It’s slowing a little here. Avoid lengthy market times by listing with a marketing boss!
Pointe Verde
STABLE
• 1 Active
• 0 Pending
• 0 Sold during the past year.
Homes don’t come on the market here very often! If you like the location, it might be worth checking this one out.
Renaissance
STABLE
• 1 Active
• 0 Pending
• 0 Sold during the past year.
Not much happens here but the one that’s been on the market for a while is on at a new lower price!
San Marino
STABLE
• 1 Active
• 0 Pending
• 1 Sold during the past year.
It’s pretty quiet in here right now yet buying traffic for villas is up! Thinking of selling? I may already know your buyer.
Sanctuary
UNDERSUPPLIED
• 2 Active
• 0 Pending
• 3 Sold during the past year.
Sanctuary is still holding strong!
Sand Pointe
UNDERSUPPLIED
• 0 Active
• Pending
• 2 Sold during the past year.
We need listings here!
Serendipity
UNDERSUPPLiED
• 1 Active
• 1 Pending
• 3 Sold during the past year.
Serendipity is performing very well still!
St. Andrews
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 0 Sold during the past year.
Avoid lengthy market times by listing with an online pro!
St. Kitts
STABLE
• 3 Active
• 0 Pending
• 3 Sold during the past year.
St. Kitts is stable but market times are creeping up. Find out how to avoid it!
St. Laurent
STABLE
• 2 Active
• 0 Pending
• 2 Sold during the past year.
St. Laurent is steady for now.
St. Lucia
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 4 Sold during the past year.
St. Lucia is performing well. We need listings here!
St. Maarten
UNDERSUPPLIED
• 3 Active
• 0 Pending
• 5 Sold during the past year.
St. Maarten has had a great year this year!
St. Marissa
UNDERSUPPLIED
• 2 Active
• 0 Pending
• 4 Sold during the past year.
St Marissa doing well with just 6 months of inventory.
St. Nicole
STABLE
• 4 Active
• 1 Pending
• 3 Sold during the past year.
Thinking about selling? List with an online pro!
St. Pierre
UNDERSUPPLIED
• 5 Active
• 2 Pending
• 10 Sold during the past year.
St. Pierre is crushing it this year!
St. Raphael
UNDERSUPPLIED
• 7 Active
• 2 Pending
• 8 Sold during the past year.
St. Raphael has had a great year but inventory is creeping up!
St. Simone
OVERSUPPLIED
• 2 Active
• 0 Pending
• 1 Sold during the past year.
Pricing may be causing a sales stall. Find out how much you can expect if you sell your unit.
St. Thomas
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 2 Sold during the past year.
We need listings here!
St. Tropez
STABLE
• 2 Active
• 0 Pending
• 2 Sold during the past year.
St. Tropez is also seeing some slower market results. Use GREAT marketing tactics to beat your competition!
St. Vincent’s
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 0 Sold during the past year.
It’s quiet here!
Stratford
UNDERSUPPLIED
• 3 Active
• 0 Pending
• 5 Sold during the past year.
Sign up for new listings and market reports here!
Tierra Mar
UNDERSUPPLIED
• 1 Active
• 0 Pending
• 3 Sold during the past year.
We need listings here!
Valencia
UNDERSUPPLIED
• 2 Active
• 0 Pending
• 9 Sold during the past year.
Valencia had an amazing year!
Villa Coronado
UNDERSUPPLIED
• 0 Active
• 0 Pending
• 1 Sold during the past year.
We need listings here!
Village at Pelican Bay 
UNDERSUPPLIED
• 2 Active
• 0 Pending
• 4 Sold during the past year.
Sign up for new listings and market reports here!
Villa Lantana
UNDERSUPPLIED
• 0 Active
• 1 Pending
• 1 Sold during the past year.
We sold our listing here in 47 days. We can help you too!
Villas at Pelican Bay
STABLE
• 2 Active
• 0 Pending
• 2 Sold during the past year.
Pricing might be causing a slow down. Find out how to combat this!
Waterford
STABLE
• 1 Active
• 0 Pending
• 0 Sold during the past year.
Waterford is another area we seldom see listings. If you like what’s on the market, make a run for it.
Willow Brook
STABLE
• 4 Active
• 0 Pending
• 4 Sold during the past year.
Willow Brook is stable which brings new talking points for buyers. Call me to find out the best way to negotiate.
Ok, that’s all I have for you today. If you’re planning on buying or selling property in Pelican Bay, give me a shout!
Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!