Pelican Landing Market Trends Report November 2023

Pelican Landing Market Trends

PELICAN LANDING MARKET DATA SOURCED FROM LOCAL MARKET MLS STATISTICS. EFFECTIVE DATE NOVERBER 2023

Pelican Landing – All Products

Pelican Landing - Condominium

Pelican Landing – Single Family

Price Distributions

Michael Timmerman, CRE •

Member of the Counselors of Real Estate (CRE)

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40 Years Experience as a Real Estate Economist and Consultant •

Market and Feasibility Studies

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Economic Impact Studies

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New Community Product and Amenity Planning

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Consumer Preference and Engagement Analysis

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Private Club Amenity analysis

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Real Estate Investment Advisory

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20 Years experience using GIS and Data Analytics tools to provide clients with a clear picture of market trends.

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Real Estate and Community Planning education from the Appraisal Institute and Urban Land Institute.

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Frequent Speaker and Lecturer on Economic and Real Estate Trends Analysis.

Contact Information Mike.Timmerman@ResortProperties.com www.ResortProperties.com C. 239.269.0769

Contact Information

What does this data mean AND HOW DO I READ IT TO GET MEANINGFUL INSIGHTS?

Market Reports and Definitions 1. Product Design Filter – Select between Single-Family Homes and Condominiums. 2. Supply and Demand Trends – Light Blue Bars represent each month's active inventory. The dark blue bars represent the cumulative sales that have occurred over the past 12 months. The orange line represents the months supply. Months supply indicates how long it will take to sell the active inventory at the current monthly sales pace. The calculation is as follows: Active Inventory – 2949 divided by Monthly Sales Pace – 822 = Sales per month – 3.59. In other words, it will take 3.59 months to sell the 2949 active listings at a pace of 822 per month. (822*3.59 = 2,949) 3. Average Price Trends – The blue bars represent the average sales price in the current month, the blue line represents the past 12 month average sales price and the orange line represents the past 3 months average sales price. Normalizing the each months sales by looking at the past 12 and 3 months provide long term and short term pricing trends. 4. List Price to Sales Price History – The graph shows the ratio of list price to sales price, or the discount or premium paid above or below the listing price for the current period. 5. Market Summary – This list of variables summarizes the current months trends based on the data from sections one to four.

Data Analysis

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6. Filter Selection – Select variables for geography and property attributes. 7. Year over Year Change Last 12 Months (LTM) – This list shows the Current months market statistics on the top and the Year over Year change for each statistic on the bottom. 8. Properties Display – This map shows the location of each sales that occurred over the past 12 months.

Market Summary Dashboard

Sales Count By Price Distribution This set of graphs show the distribution of sales by price bucket or range. The ranges are; Less than $249K, $250K to $499K, $500K to $999K, $1M to $1.49M, $1.5M to $2.9M and Greater than $3M. The lines show the Median and Average Price of sales within each price range. This information provides insights into what price range is the most demanded in the market. 1. Sales and Pricing Trends by Price Distribution by Product Design (Condominium) – The blue bars show the number of sales that occurred over the last 12 months in each price band. The blue line shows the median sale price for each price bucket. The orange line shows the average sale price for each price bucket. 2. Sales and Pricing Trends by Price Distribution by Product Design (Single Family) – The blue bars show the number of sales that occurred over the last 12 months in each price band. The blue line shows the median sale price for each price bucket. The orange line shows the average sale price for each price bucket. 3. Sales and Pricing Trends by Price Distribution by Product Design (All Product Designs) – The blue bars show the number of sales that occurred over the last 12 months in each price band. The blue line shows the median sale price for each price bucket. The orange line shows the average sale price for each price bucket.

Data Analysis

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Sales Volume By Price Band

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