The spiders in Pelican Bay have been busy decorating the boardwalk for our Halloween party, October 31st from 5:00 PM - 8:30 PM at the Sandpiper.

I'll be at the party with some friends and I hope to see you there!

Please remember that where ever you see high lighted text in this blog, you can click on that text and be taken to the full report.

LOW RISES in Pelican Bay have shown a slight decrease in price since September.  The good news is that low rises' closed sales our up slightly from December of 2007.  There are currently 90 low rise listings on the market giving us an inventory of 14 months.  Low Rises' list to sales price differential is high at 9.24%.  You should note that the differential between the unsold listings and the closed sales are at 16.65%.  This indicates to me that the unsold listings were way out of whack with the market.

Out of the 63 closed sales for Low Rises, 21 of them were all under $399,999.99.  There were 31 closed sales of 3 bedroom units with an average sales price of $563,016.00.  22 of the 96 unsold Low Rises were priced from $450,000.00 - $499,999.99.  43 of the 90 low rise active listings are under $500,000.00. Of those 90 active listings, 40 of them are 2 bedroom units with an average asking price of $465,565.00.  It is interesting to note that of the 21, 2 bedroom units that did sell, the average closed sale price is $435,125.00.

MID RISES in Pelican Bay have no pending sales at present.  There is currently a 14 month inventory of mid rises on the market.  The closed sale time for mid rises is at 189 days, which is lower than the low rises closed sale time of 240 days.

HIGH RISES in Pelican Bay inventory is hovering around 20 months.  Prices have increased 7.21% since December of 2007.  The bulk of all the closed sales are from $1,500,000.00 - $2,999,999.99.  Of the 109 unsold units, 42 of them are priced from $800,000.00 - $1,499,999.99.  61% of all the high rises listings taken are failing to sell.

Should you have any questions or comments on these statistics, please feel free to leave me a comment at the bottom of this post.

If you are a registered Florida voter, know that Florida has early voting.  Governor Crist extended the early voting hours to 7:00 AM to 7:00 PM through November 1st.    My husband Don and I went to vote Tuesday. The lines at the library on Orange Blossom were horrendous.  We headed over to the Government Center where the line was a bit shorter and seemed to move faster.  All in all we stood in line for a little over an hour.  Florida has a paper ballot and several amendments to vote, which is taking more time than usual.  I would encourage all voters to VOTE EARLY.  I would also encourage you to get a SAMPLE BALLOT and fill it out before you enter the polling place.  I am concerned that lines on Election Day will be worst than what I encountered on Tuesday.

In case you have not heard the news, Linens n Things is having a going out of business sale.  The Linens n Things located at Immokalee and 41 and the one located across from the Coastland Center are closing.  There are a number of items discounted at least 10% right now.  Should you need anything for your home, you might want to check out the sale.

Studio 41 Salon in the Market Place at Pelican Bay has recently changed ownership.  The new owner, Cynthia Sullivan, is hosting an open house on Thursday, November 6th from 5:00 PM to 7:00 PM.  Wine and appetizers will be served and you'll have the chance to win raffles of baskets of products and a  Grand Prize raffle of $250.00 worth of services.  You will also have the opportunity to meet Studio 41's new massage therapist, facial esthetician, stylists and nail tech.  FYI - Studio 41 is now selling OKAb shoes.  Studio 41's address is 8849 Tamiami TRL N.  Their phone number is 239-594-5011.  Come on out to meet the new staff, support a local shop owner, mingle with Pelican Bay neighbors, get a chance to win a prize and have a fun evening!

Just Listed - 300 Lambiance Circle #105 - $474,900.00

L'Ambiance is a gated neighborhood located in the unique beach community of Pelican Bay in Naples Florida.

This lovely unit has an open floor plan that overlooks a peaceful lake view.

The living room, dining area and kitchen all enjoy this lake view.

The master bedroom and the guest suite are separated from each other to provide privacy. 

The master bath has two sink areas plus a luxurious sunken tub.

The guest suite has a large closet and an adjacent guest bath.

L'Ambiance is walking distance to the Community Center of Pelican Bay with its state of the art fitness center,

shopping and the movie theatre at the Pavilion, the tennis courts and the North Tram stop in Pelican Bay that will take you to the beautiful beach at Pelican Bay.  Feel free to walk, jog, roller blade, or bike on the berm in Pelican Bay and enjoy all sorts of wild life!

Owning in Pelican Bay you can enjoy any of the amenities that Pelican Bay has to offer!

300 Lambiance Circle #105 is being offered at $474,900.00.  Taxes are non-homesteaded at $4,887.00 annually.  Condo fees are $1,885.00 and include the Pelican Bay Master Association fee.  There is a tenant in residence at present so appointments need to be made in advance.  Should you like to view this unit, please contact me at Lynn@NaplesBuys.com

8456 Abbington Cir #1722 - $899,900.00

Covington Row  is located in the gated neighborhood of The Crescent in the unique beach community of Pelican Bay.

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There is a private entry to this lovely unit that is lined with lush tropical landscaping.

This beautiful second floor end unit overlooks the spectacular golf course in Pelican Bay.  You can lounge on your lanai and watch the golfers pass by or just enjoy the colorful birds in the trees.

With 2,400 square feet under air, this unit's floor plan has space galore from the spacious living room with a view of the golf course

to the  private master bedroom suite

to the sunny family room.

Did I mention sun?  Sun light streams though this unit making every room sparkle!  Too much sun for you?  Plantation shutter throughout the home make it easy for you to adjust all that sun.

Your guests can enjoy their privacy with their own guest suites and bathroom.

The current owner is using the third guest bedroom as an office.  Each guest bedroom has a walk-in closet with lots of storage.

An extra half bath comes in handy with lots of guests!

The bright, airy kitchen provides loads of cabinets and a roomy breakfast nook that overlooks the golf course.  What a great way to start the day!

You can choose to entertain in your formal dining room

or dine casually on your lanai.

In either case, there is a wet bar that is near all the entertaining areas!

Doing laundry will not feel like drudgery anymore once you do it in this sun drenched laundry room.

Covington Row features pavered driveways

and two car attached garages

Worried about living on the second floor?  Covington Row was built with a closet that can provide space for an elevator!

If you have been thinking about buying a home in a Naples beach community or just moving up to a larger home in Pelican Bay, this could be the home for you!  Just give me a call, I will be happy to set up a showing appointment for you.

You could be enjoying sunsets at the beach in Pelican Bay every night if you owned this lovely home.