April 2022 Real Estate Newsletter

MEDITERRA SPOTLIGHT

April 2022 Newsletter

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!
~Matt

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.

Including previous months published market reports for Naples, Bonita/Estero and Marco Island.

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 desire an equivalent top real estate agent, contact Matt Brown at William Raveis Real Estate. Matt has a vast network of other trusted luxury real estate specialists nationwide from his two decades in the business and through affiliated companies such as Leading Real Estate Companies of the World, Who’s Who in Luxury Real Estate, and Luxury Portfolio International.

Looking for a luxury real estate agent Naples Florida, Matt Brown has the luxury market experience you desire, a vast network of clients and buyers, 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 Brown at (239) 580-8864 or fill out the Let’s Connect form. You can also review his client reviews to get a better understanding of Matt’s qualifications.