While preparing for a multitude of buyers who are planning a trip to Naples, Florida to purchase property in Pelican Bay, I have been doing quite a bit of research on properties currently available and recently sold listings in Pelican Bay.  It's a known fact we don't know when the bottom has hit until we see prices increase and I must say I am overwhelmed with the sales results of the last 90 days! 

I have been watching the Pelican Bay market very closely.  As of November, 2007 Pelican Bay was showing closed sales prices were down 11% for the last 12 months.  By December Pelican Bay Prices were showing down 12% for the last 12 months and as of today Pelican Bay prices are showing down 9% for the last 12 months.  

If you are considering purchasing in Pelican Bay Naples, Florida.  I encourage you to act now.  There are still some deals to be had but they are in fact disappearing at an accelerated speed.

Here are several examples of recent sales and current active list prices to help you qualify my findings:

 

Barrington Club
A unit closed last October for $216.00 per square foot.  The next one available is $296.00

Bay Colony Shores
Someone snagged an outstanding deal in Bay Colony Shores and scored a contract with a price per square foot of only $568.00.  There's another terrific deal (and I do mean an absolute outstanding deal) for only $675.00 per square foot.  Next one up is listed at $764.00 per square foot. If you are a builder or investor looking for a remodel project, call me immediately for an outstanding opportunity.

Bay Villas
We have another winner who landed their deal in Bay Villas for only $422.00 per square foot that closed on November 1, 2007.  Next one up here is $485.00 per square foot.

Brighton at Bay Colony
There was a unit listed in there for only $814.00 per square foot but it went under contract in October of last year.  Next one available is listed for $976.00 per square foot.

 

Cap Ferrat
A unit here was listed at only $457.00 per square foot.  It went under contract on January 1, 2008.  The next best selection is listed for $492.00 but it's on a lower floor...not as good of a deal compared to the one that's already gone.

Carlysle at Bay Colony
A unit in this building was listed for $871.00 it went under contract on January 2, 2008.  The next and only unit available here is listed for $1,283.00 per square foot. WOW!

Marbella
Two units sold last October at $445.00 per square foot and $475.00 per square foot.  Next unit available is listed for $567.00 per square foot.

Montenero
One unit listed at $542.00 per square foot went under contract on January 7, 2008.  Next one available is listed at $660.00 per square foot.

Pelican Bay Woods
A terrific home sold in here on December 14, 2007 for only $304.00 per square foot. Another home went under contract on December 17, 2007 which was listed for only $263.00 per square foot and another home went under contract on December 12, 2007 that was listed for $378.00 per square foot. 

Pointe Verde
A home in hear sold December 7, 2007 for $573.00 per square foot.  Next one available is listed at $654.00.

Serendipity
511 Serendipity Dr. #511 Went under contract on December 5, 2007 and closed on January 2, 2008 for the terrific price of only $242.00 per square foot.  There is another super deal listed right now for $285.00 per square foot but obviously it is not as good as the deal that is already gone.  To view this home, call me today as it too could end up on the sold list shortly!

 

Toscana at Bay Colony
One sold here on December 5, 2007 for only $611.00 per square foot and there is only one left.  The agent says she's working an offer as we speak.

Villa La Palma at Bay Colony
One sold in here on October 11,2007 for only $620.00.  Next one available is listed for $780.00

Vizcaya at Bay Colony
ONe sold in here on November 5, 2007 for only $530.00 per square foot.  Next one up is listed at $575.00

Windsor at Bay Colony
One sold here for $756.00 on October 1, 2007.  The next one available is listed for $1,068!!!

More Pelican Bay Deals are still available but I have been in contact with several agents in Pelican Bay who are currently experiencing high showing volume and in some cases currently negotiating offers.

Contact me today for the best Pelican Bay deals!