Pelican Bay Second Quarter 2009 Home Sale Statistics

Are you curious as to what Pelican Bay sales prices were from the second quarter of 2008 to the second quarter of 2009?  Have Pelican Bay Prices gone up, down or stayed the same?  Let's take a look at the statistics to find out.

PLEASE REMEMBER THAT WHERE EVER YOU SEE A HIGH LIGHTED TEXT YOU CAN CLICK ON IT TO BE TAKEN TO MORE INFORMATION.

LOW RISES- Median prices decreased 7.31% and average prices decreased 16.16%.  Closed sales were down from 30 in 2008 to 26 in 2009.  Ten of those twenty-six closed sales were under $399,999.00.  The difference between what a unit was listed and what it sold for rose from 9.83% to 10.88%.  Days on market for closed sales rose from 251 days in 2008 to 263 days in 2009.  While 58% of all low rise listings failed to sell in 2008, 44% failed to sell in 2009.

MID RISES - Both median and average sales prices decreased from the 2nd quarter of 2008 to the 2nd quarter of 2009.  The list to sale differential is up to 12.53% from 6.85%.  72% of all mid rises are failing to sell in 2009, while 56% failed to sell in 2008. Marketing time has increased from 160 days to 339 days.

High Rises - Median and average sales prices both showed a decrease.  Closed sales were up to 23 from 21 closed sales. 7 of the 23 closed sales were between $1,000,000.00 - $1,499,999.00.  In 2008 69% of all high rises failed to sell, while in 2009 the unsold high rises rose to 74%.  List to sale differential rose from 7.02% in 2008 to 11.94% in 2009. Market time has decreased from 293 days to 149 days.

SINGLE FAMILY- Closed sales are up from the 7 in 2008 to 9 in 2009. Both median and average sale prices are down.  List to sale differential went from 11.24% in 2008 down to 10.06% in 2009.  In 2008 57% of all single family homes failed to sell, while in 2009 36% failed to sell.  Marketing time has decreased from 345 days to 159 days.

ATTACHED VILLAS- Closed sales are up from 8 in 2008 to 11 in 2009.  Both median and average sale prices are down.  The list to sale differential rose from 6.69% in 2008 to 8.25% in 2009.  In 2008 43% of all attached villas failed to sell, while in w009, 31% failed to sell.  Market time has increased from 169 days to 222 days.

DETACHED VILLAS - The list to sale differential went from 8.50% in 2008 to 11.19% in 2009. Both average and median sale prices are down. Market time has increased from 216 days to 285 days. In 2008 50% of all Detached Villas failed to sell, while in 2009 21% failed to sell. 

What do all these number and percentages mean?  While the number of unsold listings is decreasing, the marketing time and list to sale differential is increasing in certain categories. It looks as if properties in Pelican Bay may still come down a bit in price.

When you next arrive in Pelican Bay and drive to the North tram station, be aware that the entry to the tram stop has been changed. The old entry is no longer there. A new entry is just North of the old one. Trams will no longer be in the paths of cars entering the parking lot. 

New Entry Way into North Tram Parking North of old entry

Cars won't be able to enter into the Tram turn around

North Tram Stop Turn Around Area

Landscaping Blocks Former Automobile Entry