Real Estate Market Update...for Pelican Bay & Bay Colony A few months ago I wrote a Blog about no Gloom or Doom In Pelican Bay or Bay Colony and just for curiosity's sake I decided to up date it and it is even better then before! I was just searching the MLS for a couple of buyers of mine and boy was I surprised! Sometimes the media says the market is so bad I think that there are no buyers...but that is not true. There have been 200+ sales so far this year in Pelican Bay as of February 9, 2008. These sales were priced from $350,000 to $16,350,000. There are only 300 properties on the market out of 6500+ residences so that means almost 10% of the properties on the market for sale have sold so far this year in less than 6 weeks. Just looking at the numbers the properties are selling fast. I have several buyers waiting to buy but are afraid to take the final step because of the media reporting that the market and economy is so bad but that isn't true in our beautiful community. There are homes and condos priced from $350,000 to $16,500,000 and prices are the lowest they have been in 3 years! We are not like the rest of the world because we are a waterfront, golfing community on the beach and there is no community like us in SW Florida. Go to www.pelicanbayhomefinder.com to see what makes us so special. Plus most of our buyers pay cash and do not even need a mortgage. There are only 27 single family homes for sale priced from $950,000 to $17,700,000. There are 110 mid-rise condos (2-7 stories high) priced from $320,000 to $1,250,000. Only 133 total high-rise condos (8 stories or more) priced from $410,000 in Chateau- mere Royal (for a small 2bedroom that needs fixing up on the lowest floor) to a $10+million dollar spectacular penthouse in Bay Colony. It is amazing that there are only 30 villa type homes priced from $549,000 to $1,875,000. I think now is the time to buy because there will be less properties on the market next year and the prices are predicted to go up. There are only 2 new high-rise buildings left to be built in all of Pelican Bay and the average price will be $3.5 million. I have a friend who has a beautiful new villa type home in Bristol Pines and he wants to trade for a condo in Pelican Bay. If his home was in Pelican Bay it would sell for $700,000 or more but he would trade it now for under $230,000! If you or anyone you know would like to trade please let me know now because he really wants to move to Pelican Bay as soon as possible. Also if you have friends that want to buy in Pelican Bay please call me on my
Direct line 581-3225 or Toll Free at 888-716-4439 because now is the time to buy and I truly don't believe prices will ever be lower!
Just thougt I would include some pictures so you can see why everyone loves Pelican Bay & Bay Colony.








