Pelican Landing Real Estate Sales - A Mid Year Update

The mid year real estate market statistics for both Pelican Landing home and condominium sales are listed below. Pelican Landing is an upscale gated golf community with excellent amenities that is considered one of Bonita Springs' premier communities. Its properties are highly sought after for purchase by savvy buyers looking for the best of living in Southwest Florida.

Pelican Landing Home Sales Jan-Jun 2007:

• 24 Closed Sales
• Average Sales Price - $771,600
• Average Days on Market - 174
• Price/Sq. Foot - $313.81

Pelican Landing Condominium Sales Jan-Jun 2007:

• 20 Closed Sales
• Average Sales Price - $367,963
• Average Days on Market - 138
• Price/Sq. Foot - $215.32

In comparison with 2006 sales data, for this same time period, we've seen a 15% decrease in the average price for homes and a 13% decrease in the average price for condominiums. Average days on market rose by 53% for homes and 10% for condominiums year over year respectively.

Like many communities in SW Florida, there is currently an oversupply of properties on the market. There are 47 homes and 63 condominiums for sale in Pelican Landing. The upside to this situation is many properties are being offered at prices not seen since early 2004. Examples include a Pinewater Cove home under $600K and both a Sawgrass Point and Cypress Island condominium for under $300K.

Being Pelican Landing residents ourselves, we are well versed in everything the community offers. So, if you would like more information on Pelican Landing Real Estate, please contact us and we'd be happy to assist you.

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