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Study: Out-of-Town Buyers Have More Money

February 16, 2022 by pelicanbayexpert


Pelican Bay – Naples FL –  Late yesterday I was once again asked when I thought the real estate bubble would burst in Florida. I answered by stating all the reasons I outlined in my previous blog entries. This afternoon I read the article below and thought, “How true!”

Source: Study: Out-of-Town Buyers Have More Money

Within the State of Florida locals are having a hard time competing with out-of-town buyers. Out of town buyers coming into Miami have 25.1% higher budget to spend then the locals. According to the article people coming from States with high income taxes are willing to spend over list for a property because they feel they are getting a deal.

As of this morning, there are only 17 listings in Pelican Bay. There is currently only one listing under 1 million dollars. It was listed late Monday. When I called the listing agent Tuesday morning she told me there were several offers on the unit but nothing had been finalized yet. I am going to guess it will sell over list price.

If you are thinking of selling your Pelican Bay unit, now is the time to do so. The problems of finding another place in Pelican Bay is another issue. While you’ll get a great price for your unit, the cost of what you’d like to buy will have gone up too. There is also the issue of finding a new home. If you sell your place you may have to make arrangements for interim housing until you can find a home you want.

The market here is still strong and with so little inventory, there are few indications that real estate prices will decrease.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, give me a call at 239-641-9081. I have a list of buyers who are looking for specific units in Pelican Bay.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-641-9081.

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COVID Migration: Who’s Moving to Fla. and Why?

February 10, 2022 by pelicanbayexpert


Pelican Bay – Naples, FL – As I was reading through my trade e-mails this morning I ran across the following article I thought you might find interesting:

Source: COVID Migration: Who’s Moving to Fla. and Why?

My first reaction was “YIKES!”.  While this article talks about Florida in general, it also takes a look at Palm Beach County.  I would LOVE to see the stats on Collier County.  Just based on the traffic I’ve been driving through in the last couple of months, I can tell we have an uptick in Collier County residents.

According to the above article, “More than 547,000 people exchanged out-of-state driver’s licenses last year for ones with Sunshine State addresses. ” It appears that residents of New York and New Jersey are leaving and taking up residence in Florida. Taxes up North, being able to work from home and Florida’s beautiful weather are all factoring into why people are moving into Florida.

Lack of inventory and higher prices seem to be a by product of people selling their high priced homes up North and purchasing here.

A couple of weeks ago I wrote an article for my neighborhood blog with my thoughts of the market in Pelican Bay.  You can find that at:  https://lambiance.wordpress.com/2022/01/27/my-crystal-ball/

As of this morning there were only 16 listings in ALL of Pelican Bay. Only 2 of those listings are under a million dollars. In the last 7 days there have been 19 pending sales in Pelican Bay.  17 of those pending listing were all over one million dollars. 6 of those pending listings were over 2 million dollars.

As I read the article I referenced above I kept thinking that all those buyers that are coming out of those expensive homes in high taxing States are definitely pushing the prices up here in Pelican Bay. If you have been toying with the idea of selling your Pelican Bay home, now is the time to do it.

We live in a beautiful place. It’s a joy to go down to our beach and enjoy the sunsets.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, give me a call at 239-641-9081. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-641-9081.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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4 of 5 Consumers Believe in Housing Bubble

February 7, 2022 by pelicanbayexpert


Pelican Bay – Naples, FL – In the course of reading my trade e-magazines this morning I ran across this article that talks about people’s perception of the housing bubble. It’s an interesting article I thought you would enjoy reading. Until we can get some more inventory in Pelican Bay, I don’t see the prices going down anytime soon. As of this morning there were only 17 units for sale in ALL of Pelican Bay. Only 3 of those listings were under 1 million.

Article: https://www.floridarealtors.org/news-media/news-articles/2022/02/4-5-consumers-believe-housing-bubble

Will you be down at the beach in Pelican Bay celebrating Valentine’s Day this year? Wherever you are I hope you have a wonderful day.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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3 in 10 Sellers Say Security Cameras Have Monitored Buyers

August 4, 2021 by pelicanbayexpert


Pelican Bay – Naples, FL – Each morning I read through various trade articles that come my way. Occasionally I share them with you. The one below really hit a cord with me.

Source: 3 in 10 Sellers Say Security Cameras Have Monitored Buyers

Today’s technology makes it possible for Sellers to record showings on their homes. Florida does have rules about recording. If you are a buyer looking at properties remember not to express any opinions about the home you are viewing until you are in the car with your Realtor. You do not want the Seller to know just how much you LOVE their home before you even write an offer.

Sellers, be prepared to hear all sorts of things about your home. The kitchen countertop you agonized picking out until you found the “perfect” one might end up being not so perfect for the buyers coming through your home. Listen to the buyers comments. If every buyer complains about the same thing, you’ll need to change it or offer a credit at closing to compensate. If you do have video and audio recording equipment in your home talk to your Realtor and/or your attorney about the laws involving recording.

As of this morning, there were only 33 listings in the entire complex of Pelican Bay. This should give you some perspective how low the inventory  is in Pelican Bay. Curious about the real estate market? Here are the statistics posted by Naples Board of Realtors for June 2021 . Stats for Pelican Bay would be in the Naples Beach area on page 16.

Wherever you are enjoying your summer, know the beach at Pelican Bay is waiting for your return.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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Can You Afford a New Roof?

July 27, 2021 by pelicanbayexpert


Pelican Bay – Naples, FL – Looking through my trade e-mails this morning, I saw this article and thought I should share it with you. This article discusses how having an older roof may make it harder to find home owners insurance.

Source: Can You Afford a New Roof?

Right now properties are selling so fast it makes one’s head spin. Some of these contracts do not include home inspections because Buyers want to make the deal more appealing to the Sellers. I can see a whole lot of unhappy Buyers trying to find home owners insurance on a house with an older roof. If you are looking for a home, it might not be a bad idea to have an attorney explain what will happen if you cannot obtain homeowners insurance under the contract you’ll be using BEFORE you even write a contract.

Inventory still remains low in Pelican Bay. As of this morning there were only 31 active listings in all of Pelican Bay. The Naples Board of Realtors recently released the June 2021 Statistics .  When you click on the link, scroll down to the Naples Beach section. Pelican Bay is part of this section. You’ll be able to see what’s happening with single family homes and condominium sales.

Even though we are going through our rainy season, our Pelican Bay beach is still a beautiful place to enjoy.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 44 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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Helping Clients and Agents in a Low Inventory Market

March 12, 2021 by pelicanbayexpert


Pelican Bay – Naples, FL – I ran across this article in one of my trade emails and thought I’d share it with you. The market has been a Seller’s market in Pelican Bay this season.  When I checked the MLS yesterday for low-rise listings in Pelican Bay, there were only 13 listings available! If you are looking for a home in Pelican Bay, you might want to read the article below.

Prepare buyers for steep competition and what they may need to include in their offer.

Source: Helping Clients and Agents in a Low Inventory Market

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 43 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

Posted in Buying in Pelican Bay, Selling in Pelican Bay | Tagged , , , , , , , , , , , | Leave a Comment »

Naples Daily News: Naples-area home sales took big hit from Irma

June 20, 2019 by pelicanbayexpert


From Naples Daily News

Naples-area home sales took big hit from Irma

http://www.naplesnews.com/story/money/2017/10/27/september-home-sales-naples-area-took-big-hit-hurricane-irma/806687001/

Hurricane Irma put most Naples area Realtors out of circulation for two to three weeks — and it showed in sales statistics for September.Realtors sold 398 existing homes last month, down 30 percent from 566 a year ago, according to a report released Friday by the Naples Area Board of Realtors.The report tracks all sales made by its members in Collier County through the Southwest Florida multiple listing service, excluding Marco Island.Due to the hurricane, pending sales, or the number of new contracts written, also declined, falling 55 percent to 299 from 661 a year ago.More: August home sales show increased consumer confidence

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KABOOM! Price Dropped to $499,000.

May 10, 2019 by pelicanbayexpert


Pelican Bay – Naples, FL – The Sellers of 700 LAmbiance CIR #103 have instructed me to reduce the price of their first floor, three bedroom unit from $549,900.00 to $499,000.00. This unit has an attached one car garage, an open C-1 floor plan, and a peaceful aquascape view.  Please take a moment to view more information and photos of this unit at: https://matrix.swflamls.com/matrix/shared/MRKsMJV3Pwc/700LambianceCIR 

LAmbiance is pet friendly allowing one domesticated pet of any size or weight. LAmbiance is a gated community located in the unique beach community of Pelican Bay that is walking distance to Publix, CVS, the library, Paragon Movie Theater and restaurants.

If you, a friend or a family member has been looking for a 3 bedroom condo with a one car garage in Pelican Bay, please give me a call at 239-594-2780.  I’d be happy to set up a showing appointment.

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 41 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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Willow Brook Open House

March 2, 2019 by pelicanbayexpert


Willow Brook – Pelican Bay – Naples, FL – If you happen to be in Naples and have a family member, friend or are looking for yourself, for a 2 bedroom plus den unit with a spectacular lake view, send them over to my open house today, Saturday, March 2nd between 1-4 PM at 797 Willowbrook DR #207. My partner, Elyse Cheffer, is hosting it and would love to show it to you. The unit is priced at $524,900.00. Hope to see you there! Here’s a link to more information on the unit: https://matrix.swflamls.com/matrix/shared/RJBQHK1xNrc/797WillowbrookDR

When I was at the unit the other night I snapped this photo which is the view from the lanai at sunset.

2019-02-27 18.38.51

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 41 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

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7 Signs of a Market Cooldown

January 25, 2019 by pelicanbayexpert


Pelican Bay – Naples, FL – As I was reading my e-trade magazines this morning I ran across this article and thought I should share it.

How to tell if your market is cooling and the ways you can adjust accordingly on behalf of your clients.

Source: 7 Signs of a Market Cooldown

I’ll be doing the 2018 statistics for Pelican Bay in the very near future.  Some of the things they’ve mentioned in this article I can see happening in Pelican Bay.  The “hot sheet” with the daily changes in the Naples multiple listing service is showing more price reductions coming through in Pelican Bay.  I am also seeing more listings failing to sell. We may be headed for a market cooldown.

thermometer cold temp with snowflake clipart

Would you like to subscribe to Pelican Bay updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I will keep your e-mail address private.

If you are thinking of selling your Pelican Bay unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in Pelican Bay. I’d be happy to discuss not only the pricing in your subdivision but the pricing for condo and homes in Pelican Bay and in Naples to see how your home fits into the equation.

Do you have some photos of Pelican Bay you would enjoy sharing? Are you a member of FaceBook? Login in and join the Pelican Bay Facebook Group. You can post photos, videos and experiences about Pelican Bay on this page.

Care to comment on this post? Just click on the ADD COMMENT link at the end of this entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 41 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Pelican Bay on Facebook

Posted in Selling in Pelican Bay | Tagged , , , | Leave a Comment »

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