Lely Resort Real Estate Sales Update - Jan to Sept 2007

The January thru September real estate market statistics for both Lely Resort home and condominium sales are listed below. Lely Resort is an upscale gated golf community that includes an amenity rich, sophisticated and luxurious style of living and is considered one of Naples' premier communities.

Lely Resort Home Sales Jan-Sept 2007*:

• 45 Closed Sales
• Average Sales Price - $655,902
• Average Days on Market - 189
• Price/Sq. Foot - $283.04

Lely Resort Condominium Sales Jan-Sept 2007*:

• 20 Closed Sales
• Average Sales Price - $370,215
• Average Days on Market - 167
• Price/Sq. Foot - $203.86

In comparison with 2006 sales data, for this same time period, we've seen a 23% decrease in the average price for homes and a 18% decrease in the average price for condominiums. Average days on market rose by 39% for homes and 41% for condominiums.

There are currently 162 homes and 134 condominiums for sale in Lely Resort. In addition to the number of home and condominium choices, prices have decreased substantially. There are 29 homes under $500K and 17 under $400K. The same is true for condos, with 32 currently priced under $300K.

So, if you would like more information on Lely Resort Real Estate, please contact us at Gulf Coast Associates, Realtors® and we'd be happy to assist you.

*Sales Data Statistics from NABOR & SWFL MLS

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