Season is coming to a close, this has been the busiest season ever and is expected to continue through May. Property values are still rising but we are seeing more price decreases as sellers realize they overshot the market and didn’t find a buyer in the first few weeks on the market; overall average days on the market for current inventory is only 23 days! Inventory is down 47% from last year this time and the number of sales are suffering due to the lack of supply (closings down 40% compared to 1 year ago).
There are only 302 properties currently on the market over $2M in Naples+Bonita Springs+Estero (216 homes and 86 condos), 346 properties pending and in the last 30 days 125 properties have closed. For perspective, there were 250 properties listed over $2M in March 2022, up from 185 properties in March 2021 so at least there has been an uptick in new listings. There are so many buyers circling this year! Mediterra Newsletter covers March’s Real Estate News Summary, SWFL February Market Reports, as well as this month’s Neighborhood Spotlight on Mediterra, one of Naples top premier golfing communities. Enjoy!
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Mediterra is one of Southwest Florida’s premier private golf course communities with less than 950 residences, more than 1000 acres of preserve and 36-holes of Tom Fazio designed golf. Mediterra is situated in North Naples and covers a total area of 2.5 square miles (1700 acres) from Old 41 and crossing over Livingston Road, Mediterra spans across the Naples and Bonita Springs border. In 15 years, Mediterra has been named ‘Community of the Year’ by the Collier Building Industry Association an unprecedented 11 times. Mediterra has also received the Award of Excellence for Open Spaces from the American Society of Landscape Architects.
The Club at Mediterra is the ultimate private club experience featuring a full social calendar, a recently updated clubhouse, sports center with a pool, 8 tennis courts, 4 bocce courts, 5 pickle ball courts, 2 Tom Fazio golf courses as well as a private beach club with a pool, sundeck and restaurant overlooking 200’ of shoreline.
VIDEO TOUR of the Club at Mediterra (5 mins).
Mediterra Market Stats
SOLD: 94 properties over the last 12 months: 33 condos at an average sales price of $800k ($303/SF) and 61 homes at an average price of $2.6M ($626/SF).
– The most expensive home sold was $7,000,000 ($651/SF), a home built in 2006 on 1.24 acres with 10,746 SF of living; 5 bedrooms+den, 5 full bathrooms, 2 half baths and garage parking for 7 cars.
– The most expensive condo sold was $1,550,000 ($577/SF), a 2685 SF 2nd floor renovated unit with lake views, 3 bedrooms + den and 3 full bathrooms.
PENDING: There are currently 24 properties pending, 8 condominiums and 15 homes.
ACTIVE: There are 6 properties on the market, 2 condos and 4 single family homes
LAND: There were 4 lots sold in the last 12 months and there is 1 currently on the market for $1.275M for 0.694 acres.
For more information, check out my Mediterra neighborhood page.
Filter, view and discover Southwest Florida’s current market inventory (includes Marco Island, Bonita Springs, Estero and Naples properties).
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If you are outside of Southwest Florida and wish Matt’s twin was local in your market, please continue to reach out to Matt Brown Real Estate. Matt has a vast network of other trusted professionals nationwide from his two decades in the business as well as through Christie’s International Real Estate, Leading Real Estate Companies of the World, Who’s Who in Luxury Real Estate and Luxury Portfolio International of which he is affiliated.
If you’re looking for a luxury home Naples, Florida, Matt Brown has the luxury market experience you desire, the in-depth market data knowledge you appreciate, the connections to aid in smooth transactions and the relationships to help find your next luxury home, even before they hit the market. Contact Matt today for advice on the Real estates of Naples. He can be reached at 239-580-8864 or email@example.com.
MATT BROWN REAL ESTATE AGENT
SWFL & Naples Real Estate Agent
If we haven’t connected yet, please reach out. I have built a 19+ year real estate career on integrity, honesty, knowledge and highly ethical practices, which has helped me close over $550 million in real estate sales and skillfully negotiate over 100 multiple-bid situations. I work with buyers and sellers along the Gulf Coast in Naples and Southwest Florida.
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Established in 1974. $9 billion in annual sales. William Raveis Real Estate is the No. 1 family-owned real estate company in the Northeast and Florida and the No. 8 real estate company in the country, according to REAL Trends. As leaders in marketing luxury properties, locally and globally, William Raveis assures customers receive world-class marketing and technology services as well as the additional benefit of direct access to 127 offices and over 4,000 sales associates in the Northeast, where a significantly growing number of buyers are coming from. Recognized as the Top Luxury Brokerage in the United States by Leading Real Estate Companies of the World. 130,000 sales associates • 565 premier real estate firms • Over 65 countries • 1 winner.