Pelican Bay Market Report - Q2 2024

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$4.8B+ IN CLOSED SALES VOLUME 23

LOCATIONS FROM MARCO ISLAND TO PINE ISLAND 850+ AGENTS THROUGHOUT SOUTHWEST FL #54 AMONG REAL TRENDS TOP 500 BROKERS (2021)

1958 YEAR ESTABLISHED BY VISIONARY

JOHN R. WOOD

HEADQUARTERED IN NAPLES, FLORIDA

A LOCAL LEGACY OF ACHIEVEMENT

INDEPENDENTLY OWNED & OPERATED; NOT A FRANCHISE

PELICAN BAY

MARKET REPORT - Q2 2024

Data Represented on 12-Month Rolling Basis.

Sale $

12 MONTH NEW LISTINGS AND CLOSED SALES

12 MONTH AVERAGE SALES PRICE

$5,000,000

$4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

SUMMARY

With 17 properties sold, sales were down 26.09% from the preceding 12-month period when 23 properties were sold. New listings were up 15.38%, from 26 to 30. The average sales price, at $5,176,324 was up 21.67% from $4,254,311. As of June 30, 2024, inventory stood at 18 units while months of supply was 12.71 months.

PELICAN BAY VILLAS

MARKET REPORT - Q2 2024

SUMMARY

With 22 properties sold, sales were down 24.14% from the preceding 12-month period when 29 properties were sold. New listings were up 26.47%, from 34 to 43. The average sales price, at $2,344,545 was up 7.56% from $2,179,776. As of June 30, 2024, inventory stood at 9 units while months of supply was 4.91 months.

MARKET REPORT - Q2 2024

MONTH NEW LISTINGS AND

With 94 properties sold, sales were up 5.62% from the preceding 12-month period when 89 properties were sold. New listings were up 51.79%, from 112 to 170. The average sales price, at $2,415,551 was up 1% from $2,391,758. As of June 30, 2024, inventory stood at 66 units while months of supply was 8.43 months.

PELICAN BAY LOW-RISE AND MID-RISE CONDOMINIUMS

MARKET REPORT - Q2 2024

$1,400,000

$1,300,000

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$600,000

$500,000

With 115 properties sold, sales were down 7.26% from the preceding 12-month period when 124 properties were sold. New listings were down 8.24%, from 170 to 156. The average sales price, at $1,019,468 was down 6.37% from $1,088,778. As of June 30, 2024, inventory stood at 43 units while months of supply was 4.49 months.

With 1 property sold, sales were unchanged when compared with the preceding 12-month period. New listings were up 14.29%, from 7 to 8. The average sales price, at $7,500,000 was down 52.83% from $15,900,000. As of June 30, 2024, inventory stood at 10 units while months of supply was 120 months.

BAY COLONY VILLAS

With 2 properties sold, sales were static from the preceding 12-month period. New listings were up 50%, from 4 to 6. The average sales price, at $4,576,538 was up 15.13% from $3,975,000. As of June 30, 2024, inventory stood at 4 units while months of supply was 24 months.

MARKET REPORT - Q2 2024

With 14 properties sold, sales were down 17.65% from the preceding 12-month period when 17 properties were sold. New listings were up 160%, from 15 to 39. The average sales price, at $6,821,786, was up 26.79% from $5,380,288. As of June 30, 2024, inventory stood at 23 units while months of supply was 19.71 months.

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