Mediterra Naples, Florida Real Estate Forecast 2019-2020
Mediterra Naples, Florida Real Estate Forecast 2019-2020
In the sixth edition of my series, The 2019-2020 Naples Real Estate Forecast, I’ll be talking about the Mediterra Naples, Florida real estate forecast for 2019-2020 and what it means to you if you’re thinking about buying or selling Mediterra real estate this year.
Buyers responded well to the changes Mediterra recently made to their clubhouse this past year but not well enough to keep inventory levels stable. The inventory levels didn’t affect owner bottom lines negatively and on average prices increased 6% compared to the year before. Market time dropped 11% compared to the year before and list to sales price ratios stayed the same with a 7% discount on average.
In This Post
- Current Mediterra inventory levels
- Projected inventory levels
- Comparison of last year’s inventory report
- What sellers can expect
- What buyers can expect
Mediterra Inventory Levels
- Current – 14 months
- Projected – 16 months
- Last August Report – 10 months
Mediterra Fast Facts
- Average prices up 6%
- Days On Market Down 11%
- List Price/Sales Price Ratios Same 93%
Selling in Mediterra?
You’re rolling into season with an oversupply of property this year while last year you were undersupplied. This is going to cause some pressure on values. 9 of the 56 properties sold within 30 days of market time during the past year. If the market is on the decline, you’re going to want to price it right or ride the market down.
Smart decision making is going to be key to your success. Be leary of agents promising big returns as this is often how agents compete for your business. It’s normal for sellers to want to go with the agent who suggests the highest price but it can cost you more at the closing table if false hope falls flat. This photo is an example of one of your neighbors chasing the market down. Instead of following suit consider what I have to say next.
Night shots are pretty but WAY overplayed in Mediterra…along with all of those oriental rugs. I am not seeing a great deal of marketing ingenuity when it comes to marketing property in Mediterra. Is it the same agents are doing the same thing on every listing? Probably.
It is EASY to market differently at no additional cost to you. If you want to garner the most attention, to get your home sold fast at a great price, go with an agent who’s already in the mind of your buyer. I’ll make it well worth your time to give me a chat.
If you’ve already moved out of your Mediterra home and you’re planning on hitting the market without furniture, it’s not your fault if your marketing photos show a vacant property. It doesn’t cost you extra money. You just have to pick an agent who knows how to sell real estate. Let’s chat!
Buying in Mediterra?
As I reported last year, those new remodeling choices pulled in 5% more on Mediterra property values during the past year. You’re going to see some sellers overreaching for dollars while others are going to negotiate with the intent to sell.
We will also see more buyers overreaching when it comes to discounts this year which is going to make good offers more desirable. If you didn’t read my post about low-ball offers, you’re going to want to check it out and avoid them at all costs or ruin your chances of getting your favorite property at a great price.
While you’re perusing ways to get your best deal, it’s also a good idea to check out who’s your Naples buyer’s agent, another post I wrote about what the advantages and pitfalls are of working with a great or terrible buyer’s agent.
In Closing
I hope you’re enjoying my series on the Naples Real Estate Market Forecast for 2019-2020. If you’ll allow us to assist you with any of your buying and selling needs in Mediterra or other Naples luxury communities, We’ll take great care of you!
Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223