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!