Pelican Bay Market Update – September 2025
Breaking down the latest price trends, inventory shifts, and re-listing activity in Pelican Bay
In this month’s market update, Elizabeth Hoffmann of Bonnycastle Realty shares valuable insights into what’s happening in the Pelican Bay real estate market, highlighting key trends in pricing, inventory, and activity as we move deeper into the fall season.
In September, the median closed price in Pelican Bay was $1.35M, based on 15 sales. There were 28 new listings, and homes spent an average of 115 to 150 days on the market. Currently, Pelican Bay has 6.8 months of inventory, slightly lower than the overall Naples average of 7.6 months.
What’s particularly noteworthy is that 17 of the 28 “new” listings were actually homes that came off the market at the end of last season or over the summer and have now been re-listed. “It’s a reminder that what looks like new activity isn’t always fresh inventory,” she notes.
As of this week, there are 176 active listings in Pelican Bay: 20 single-family homes, 142 condos, and 14 villas, representing a diverse mix of property types and price ranges. “It’s a dynamic time in Pelican Bay,” Elizabeth adds. “Keeping an eye on how this re-listed inventory performs will tell us a lot about buyer motivation heading into season.”
If you have questions about what these numbers mean for you (whether you’re thinking about buying, selling, or just keeping tabs on the market), reach out to our team at Bonnycastle Realty. We’re here to help you make confident, informed decisions.
