Since Pelican Bay dominates 34108, I will assume that you are asking about that community. The market slowed considerably in the last quarter of 2005 but prices were at their highest during that same period from Oct 2005 to Oct 2006.
Here is a comparison of three communities in Pelican Bay from 2006 and 2012.
St Raphael is a newer high rise. Sales in Oct 2005-2006 were between $1,000,000 and $2,400,000 with a median price of $1,520,000 on 13 sales compared to the Oct 2011-2012 sales of $660,000 and $2,500,000 with a median price of $1,200,000 on 14 sales.
Pebble Creek is a mid priced midrise. Sales in Oct 2005-2006 were between $560,000 and $800,000 with a median price of $725,000 on 7 sales compared to the Oct 2011-2012 sales of $390,000 and $575,000 with a median price of $450,000 on 11 sales.
Willow Brooke is a low rise entry level community. Sales in Oct 2005-2006 were between $500,000 and $600,000 with a median price of $537,000 on 5 sales compared to the Oct 2011-2012 sales of $234,000 and $340,000 with a median price of $305,000 on 9 sales.
There is a greater disparity in pricing on the lower priced units because they were in short supply in the 2005-2006 era. High rise units being at the top of the price range did not go up as much as the lower priced units. There are few new high rise buildings being sold with the amenities and views that Pelican Bay has to offer so over the past six years the prices have not change as dramatically. While Pelican Bay still offers a sensational lifestyle, the units were built in the 1980's & 90's. The updated units bring a higher price so the ranges are greater than six years ago.
As properties age, they depreciate in value unless they are updated no matter where they are so getting back to those same prices on the lower priced units is not likely for many years. Again, an update unit in the higher price ranges would be the exception.
I hope this was helpful. If I can be of further assistance, let me know.
Prudential Florida Realty