Search waterfront real estate and condos for sale in Pelican Cove, Sarasota, FL. Find your dream property in the condominium community of Pelican Cove.
The Pelican Cove housing market has experienced a significant downturn, with the median sale price dropping 42.8% year-over-year to $309K and the price per square foot falling 31.3% to $205. These steep declines indicate reduced property values and weaker demand, creating favorable opportunities for buyers to enter the market at substantially lower prices compared to last year.
Median Listing Price
Median Listing Price per Sq. Ft.
Total Homes Sold
Days on Market
In June 2025, Pelican Cove home prices dropped sharply by 42.8% year-over-year to a median of $309K, reflecting significant market softening. Homes are taking longer to sell, averaging 59 days on the market compared to 29 days last year, indicating slower buyer activity. However, the number of homes sold remained steady at 10, suggesting that while demand has cooled, transactions continue as buyers take advantage of the lower prices.
The Pelican Cove housing market is slowing down, with homes taking a median of 118 days to sell—an increase from both last month and last year—indicating reduced buyer urgency. Additionally, homes are selling for an average of 4.17% below the asking price, reflecting weaker demand and giving buyers greater negotiating power. Combined with significant year-over-year price declines, the market currently favors buyers looking for value opportunities.
Pelican Cove is a buyer’s market in June 2025, with housing supply outpacing demand, creating favorable conditions for buyers. Homes are staying on the market longer, with a median of 118 days to sell, and are closing for an average of 4.17% below asking price, giving buyers strong negotiating leverage. Combined with significant year-over-year price declines, this market presents opportunities to purchase properties at competitive prices with less competition from other buyers.
Have questions about Pelican Cove or ready to find the perfect property in this sought-after Sarasota neighborhood? Judy is here to guide you. With her local expertise and commitment to helping clients, she’ll ensure you find the home that’s just right for you. Don’t wait—reach out to Judy now and take the first step toward your Pelican Cove dream home!
Curious about what makes Pelican Cove one of Sarasota’s hidden gems? Explore our neighborhood guide to learn about the housing market, local amenities, and the unique lifestyle this community offers. Dive in now and see why Pelican Cove might just be the perfect place to call home!
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An expert guide to a streamlined, top-dollar sale.
Whether she is guiding a buyer through the purchase of their first home or helping out-of-town clients sell their family condo, Judy brings exceptional customer service to every transaction.
