What happened with sales in the first quarter of 2009 in Pelican Bay?  What are the average sales and median sale prices?  Let us compare pending and closed sales from the first quarter of 2008 to the first quarter of 2009 to see what has happened.

Remember, anywhere that you see a high lighted text, you can click on it to be taken to more information.

• Low Rises in Pelican Bay saw a decrease in the number of pending and closed sales comparing the first quarter of 2008 to the first quarter of 2009.  The median sale price fell.  The list to sale differential increased to 10.11%.
• Mid Rises in Pelican Bay had no closed sales in the first quarter of 2009, compared to 5 closed sales in the first quarter of 2008.
• High Rises in Pelican Bay also saw a decrease in both pending sales and closed sales comparing the first quarter of 2008 to the first quarter of 2009.  The median price also saw a decline.  The list to sale differential increased.
• Attached Villas in Pelican Bay saw decreases in both pending and closed sales comparing the first quarter of 2008 to the first quarter of 2009.  Median price also declined. The list to sale differential went from 13.72% in the first quarter of 2008 to 20.38% in the first quarter of 2009.
• Detached Villas in Pelican Bay saw decreases in both pending and closed sales.  Median prices dropped 10.64%.
• Single Family Homes in Pelican Bay saw a decrease in pending and closed sales also.  Median and average prices were skewered by a 9.5 million dollar closed sale.

Note:  List to sale differential is the difference between what a home is listed for and the price at which it sells.

Please keep in mind that these statistics are just a snap shot of what took place in the 1st quarter of 2008 and the 1st quarter of 2009.  The market in Naples is  currently being driven by sales under $300,000.00.

On another note, I recently say a nifty site for coupons for local business and restaurants in Naples.  Click here to find coupons you can use.

More car carriers have been seen packing up cars and leaving Pelican Bay.  The Gulf water temperature has been hovering around 85 degrees this past week.  I have a feeling that Pelican Bay will have a busy Memorial Day weekend.  Will you be here?  In case you can not be here I thought you might enjoy seeing and hearing the waves at the Sandpiper beach in Pelican Bay. 

Should you be thinking of selling your home in Pelican Bay and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation.  Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Looking for a home in our unique beach community?  Search here, once at the search page, you can search by development, save your search and new listing updates will be e-mailed to you.

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About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay.  Her 31 years of real estate experience and her area expertise have been valuable resources for Pelican Bay Sellers and Buyers.  For more information, please contact Lynn Wilber or call 239-594-2780.

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