Pelican Bay Short Sales & Pelican Bay Foreclosures are just two more topics I've been asked about consistently throughout the last several months.  Let's face it, "Short Sale" and "Foreclosure" are two of the most attractive real estate terms of the moment especially if you are a buyer looking for a deal.

Pelican Bay currently has 9 "possible" short sales listed , 3 pending and 2 closed.

Are short sales all they're cracked up to be in Pelican Bay? According to MLS there are only 2 that have sold in Pelican Bay. 

Here are the stats:

St. Tropez#602 listed for $549,000 sold turnkey closed for $521,000. It had also been remodeled. It was listed February of last year, pended in June and sold in July...not bad. There's only one other one that has closed in St. Tropez as of January 2008.  Unit #203 sold furnished for $410,000 and had been remodeled as well.  There were points to consider including #203 had no view and #602 had a great Gulf of Mexico view.  This is a big factor!

BUT

There's one on the market now for less than the short sale sold just 10 "short" months ago. I'd tell you more but the agent will not allow me to blog about it.  You're welcome to check out the St. Tropez at Pelican Bay portion of my website to see what's currently available. Did that short sale buyer get the deal of the universe?  You tell me...

The next short sale looks a little more like a deal!

700 L'Ambiance #202 sold for $484,000 unfurnished. It was listed for $599,000 in December 2009, went under contract in January and closed in April. It sold for 21,000 less than anything else over the last 17 months but wait there's more! The short sale was actually larger and showed MUCH better than the one that sold for more so in this case, yep, the short sale was the better deal!

It's impossible to guess how lucrative or prevelent Pelican Bay short sales will become.  The best way to determine if a Pelican Bay short sale is in fact a deal is to look at it on a case by case basis.  Do some analysis with your favorite "smart" agent. 

At this time there aren't any foreclosures in Pelican Bay but if there were, you'd be able to check those out along with the 9 available Pelican Bay short sales in my next issue of the Pelican Bay Pink Pages!

It's only available by subscription so don't forget to sign up by shooting me a quick email with your name and email address!

Best Regards,

Your Naples Smart Girl!