Sales Report YTD (9/4/2014)
We hope everyone had a great Labor Day weekend and with the official start of fall and us inching closer and closer to season here in Southwest Florida would be a great time to provide you with the latest real estate statistics for the luxurious community, Mediterra, located in North Naples, Florida.
Mediterra is a gated, luxury country club community with 950 homes nestled upon 1,697 bountiful acres. Over 1,000 acres have been left untouched in its pristine natural state as nature preserves with scenic vistas and views. Mediterra is comprised of 31 subdivisions consisting of coach homes, villas, and single family estates with stunning Mediterranean architecture. Mediterra amenities include but are not limited to a 32,000 square foot clubhouse, numerous dining options, beach club, fitness complex, championship golf courses and golf pro shop, tennis courts and tennis pro shop, resort style pools with lounge chairs, nature walking trails, and much more! Mediterra is one of Naples highly sought after neighborhoods.
For the first eight months of the year (2014), Mediterra has had 58 closed transactions with the average closed price of $1,262.695. The average list price YTD of Mediterra real estate is $1,342,551. The percentage list price vs. sold price is 94.75%. The average amount of days a property has been on the market YTD has been 218 days. The average closed price per square foot is $348.60.
For comparison purposes, you can see the great strides the market has took in 2014 so far in Mediterra. In 2014 so far, there have been increases in the closing prices, closed price per square foot, and with properties moving quicker on the market compared to the 2013 real estate market. In 2013, Mediterra had 68 closed sales. The average listing price was $1,305,183, the average closed sale price was $1,193,763, the average days on market is 231, and the average price per square foot was $324.
Respectively, the highest sale of the year so far was for $3,827,500. This magnificent estate which was located in Cortile was 5,959 square feet with five bedrooms and 7 bathrooms. The price per square foot for this residence was $803.81. The smallest transaction in Mediterra was for a 2 bedroom, 3 bathroom coach home with 2,206 square feet that was listed in Porta Vecchio for $450,000 and sold for $440,000.
Just to illustrate how quickly homes are moving, YTD there have been 3 homes which have sold in less than a week! In 2013, no homes in Mediterra sold in less than a week. Additionally, in the first 8 months of 2014, there were 4 homes that sold at or over listing price!
Currently (as of 9/4/14), there are 61 properties on the market in Mediterra in Naples, Florida. Currently, the lowest price property in Mediterra is a coach home in Monterosso with 3 bedrooms, 3 bathrooms, and 2,503 square feet which listed for $484,900. Respectively, the highest priced property currently on the market in Mediterra is 5 bedrooms, 7 bathrooms, 7,064 square feet and is listed at $7,995,000 in Treviso.
With the latest market report and statistics showing how the Naples real estate market is heating up, as we are entering into season, with limited inventory, home prices are on the rise. In fact, NABOR reported a 37% increase in sales of homes priced at 2 million and higher in 2014 compared to 2013.
If www.NaplesHomes.com can be of any additional assistance in providing additional comps for Mediterra or any other community, please feel free to reach out to us at 239.244.1559 or via email email@example.com. We would be more than happy to provide additional information on any specific home in Mediterra and give a personal tour of the community, the clubhouse, and any property of interest.
If you are interested in being put on a VIP list to receive the latest listings as soon as they hit the market in Mediterra, please email me and I would be more than happy to set that up for you.