Mediterra Naples, Florida Update

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Mediterra Naples, Florida Update

Hello Naples Friends! It’s time for the Mediterra Naples, Florida update on the market. There’s quite a buzz right now around Mediterra considering it could take up to 2 years to join the Medittera golf club unless immediate golf membership is available. That’s a serious testament to the allure of the golf amenities here! If you’re a Mediterra resident and missed my message last week, contact me. I’ll send it to you!

Current Mediterra Naples, Florida market:

Active: 80
Pending: 9
Closed Past Year: 55

Excellent News!!! There are 17 months of inventory! Even though 12 months is considered stable,  Mediterra has blown through 13 months of inventory in less than 2 months! April 27th there was 30 months of supply! THAT’S Unprecedented SUCCESS! 13 properties have closed since May while only 7 closed during the same time last year! That’s OUTSTANDING!!! You can check out all of the Mediterra sales!

Some Mediterra residents are doing a phenomenal job pricing their properties right and capturing the attention of ready willing and able buyers!

Market time for active properties is up 40% or 234 days compared to what sold during the past year. This suggests some of the current market could fair well if a price correction was made. You’re going to want to check out where you stand on a subdivision basis to see how your exact location is performing.

List price/sq.ft. is up 32% compared to the past year list price on sales so that is possibly what’s going on with the 40% growth in market time.

Mediterra Neighborhood Break Down

Amarone

  • 1 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Amarone is performing above average with only 1 for sale and barely a month of market time. There are only 12 homes in Amarone so the recent new listing is welcome and warranted! If you have a chance to check it out, you should!

Bellezza

  • 5 Active
  • 0 Pending
  • 3 Sold Past 12 mo.

Belleza is performing below average sitting at 20 months of inventory while average market time is clocking at 297 days. On average Belleza isn’t performing as well as other locations. 4 of the 5 listings here have adjusted their price down in attempts to attract buyers. Average list price per foot is showing +1% from the past year’s sales but if you take a closer look, 3 properties are priced over average while 1 is an absolute DEAL to the tune of 23% off average list! If you like Mediterra, check this one out!

Bello Lago

  • 1 Active
  • 0 Pending
  • 1 Sold

Bello Lago is performing better than average right now with a stable inventory and current market time under the neighborhood average. There are 3 pending sales in the $4,000,000+ price range, a price point that’s been a little tough lately. Right now that inventory in Mediterra is stable! That’s OUTSTANDING! If you’re thinking about buying in Bello Lago, you better get on the one that’s left!

Benvenuto

  • 1 Active
  • 1 Pending
  • 0 Sold

Benvenuto is performing better than average with a market time of 116 days. The price point in Benvenuto has been popular recently! If you’re thinking about buying, better hurry. There’s only 1 left.

Brendisi

  • 4 Active
  • 0 Pending
  • 5 Sold Past 12 mo.

Brendisi is performing better than average with less than 10 months of inventory and shorter than average market time. That hasn’t prevented some sellers from dropping prices to attract buyers. In fact, there’s a noticeable deal in Brendisi right now! The best price per foot deal is located here! 2 of the 4 active listings have dropped their price. Call me to see properties in Brendisi!

Buonasera

  • 0 Active
  • 1 Pending
  • 2 Sold Past 12 mo.

Buonasera is performing better than average with no active listings! In fact, if you’re thinking about selling your home in Buonasera, now is an excellent time to hit the market! Call me for details!

Cabreo

  • 6 Active
  • 0 Pending
  • 2 Sold Past 12 mo.

Cabreo is performing below average with 3 years of inventory and average market time 61% higher than Mediterra’s average as a whole. That is a total downer too because there is a ridiculously amazing deal there right now! The new stuff is actually outperforming the older product but that’s actually no surprise. If you’re thinking about buying in Cabreo you should call me.

Calabria

  • 9 Active
  • 1 Pending
  • 1 Sold Past 12 mo.

Calabria is performing below average with over 4 years of active inventory. Market time is better than the Mediterra average but the amount of listings is an issue regarding the health of the market. 5 of the homes currently on the market have made price corrections.

Caminetto 

  • 1 Pending
  • 1 Sold

We need listings here! Call me!

Celebrita

Who nothing has happened here since 2016! If you’re thinking about selling, call me!

Cellini

  • 1 Active
  • 0 Pending
  • 1 Sold Past 12 mo.

Cellini is performing better than average with one year of active inventory. There’s only 1 left though so if you like Cellini, you better get on it. Call me if you can’t make it down this summer and I’ll walk you through it via skype or facetime!

Cortile

  • 5 Active
  • 2 Pending
  • 2 Sold Past 12 mo.

Cortile is performing below average with 2 years of active inventory and 68% more market time compared to Mediterra as a whole. In all fairness, one of those listings has been on the market for over 1,000 days which drags the whole neighborhood down so it’s hardly fair. There is an absolutely amazing new home on the market so if you’re thinking you want to do something different, it’s worth checking it out!

Felicita

  • 1 Active
  • 0 Pending
  • 1 Sold Past 12 mo.

Felicita is performing better than the Mediterra average with a stable market but there’s only 1 left so if you like Felicita, you better jump on it.

Il Corsini

  • 1 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Il Corsini is performing below the Mediterra market average but the one on the market is absolutely outstanding! If you like ridiculously amazing craftsmanship and attention to every detail imaginable, you are really going to love this home.  Call me for details.

Il Trebbio

  • 0 Active
  • 0 Pending
  • 1 Sold Past 12 mo.

Il Trebbio is performing above the Mediterra average with nothing on the market and just one sale this year. If you like Il Tribbio let me know and maybe I can find something you will love here!

Lucarno

  • 9 Active
  • 2 Pending
  • 6 Sold Past 12 mo.

Lucarno is performing better than the Mediterra average and is very active compared to other Mediterra communities. Average market time is 23% lower than Mediterra’s average. Some correction has already occurred with 4 of the 7 existing listings dropping price to get eyeballs. If you’re thinking about buying a Lucarno property there are some nice options here! Call me and I’ll show them to you!

Marcello

  • 1 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Marcello is pretty quiet right now with just 1 active listing holding a relatively short market time. If you’ve been waiting for something to hit Marcello, here’s your chance!

Medici

  • 3 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Medici is performing below Mediterra’s average as a whole with no sales success in the past 12 months and 26% higher market time than the Mediterra average. One listing had a substantial price reduction close to the end of season so if you’re looking for a deal, you might check it out!

Milan

  • 1 Active
  • 0 Pending
  • 2 Sold Past 12 mo.

Milan is performing better than Medittera’s average with only one on the market and two sales during the past year. Market time is only 49% of the development average which is all good news. If you’re thinking about buying a home in Milan, here’s your chance. Call me!

Monterosso

  • 5 Active
  • 1 Pending
  • 3 Sold Past 12 mo.

Monterosso is performing above the development average with 20 months of inventory and an average DOM at 167. Pricing has come down here. If you’re considering buying you may find some deals here.

Padova

  • 6 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Padova is performing below the development average but market times are below current Mediterra averages. Considering nothing has sold during the past year and there are 6 on the market suggests you might get a deal here!

Porta Vecchio

  • 4 Active
  • 0 Pending
  • 7 Sold Past 12 mo.

Porta Vecchio is performing above average but prices are beginning to come down here too. There’s nothing like being able to get a better deal than the last guy. Check it out!

Positano

  • 2 Active
  • 0 Pending
  • 2 Sold Past 12 mo.

Positano is performing better than Mediterra’s average with 1 year of inventory. It might be worth it to take a peek at what’s on the market!

Ravello

  • 3 Active
  • 0 Pending
  • 0 Sold Past 12 mo.

Ravello is performing below Mediterra’s average with long market times and no successful market sales since 2015 but if money is no object, you have to check out what’s for sale here! There’s one that will blow you away!

Savona

  • 1 Active
  • 0 Pending
  • 1 Sold Past 12 mo.

Savona is performing better than Mediterra’s average There’s only 1 left so if you like Savona…better get on it.

Serata

  • 2 Active
  • 0 Pending
  • 2 Sold Past 12 mo.

Serata is performing better than the Mediterra average with a stable market. Seriously, who does not love that new home smell! You can find it here! Check it out!

Teramo

  • 1 Sold

Teramo is completely sold out. We need listings here!

Terrazza

  • 0 Active
  • 0 Pending
  • 0 Sold

Terrazza hasn’t had much going on this year...or last year for that fact. 3 sold in 2015 which suggests people really, really, really like it here. You might too! If you want me to see if I can find something for you, call me!

Treviso

  • 0 Active
  • 0 Pending
  • 1 Sold Past 12 mo.

Treviso is performing fabulously There’s no inventory here so if you like it, call me. Maybe I can find one for you!

Verona

  • 1 Active
  • 1 Pending
  • 3 Sold Past 12 mo.

Verona is performing better than Mediterra’s averages not so much in market time which is nearly the same but in sales success. There’s just one property left so if you like Verona, you might want to get on this one.

Villalago

  • 2 Active
  • 0 Pending
  • 3 Sold Past 12 mo.

Villalago is performing better than the Mediterra development as a whole. One of the current listings has been fabulously updated so if you like new but don’t want to pay new prices, you might check this one out!

Villoresi

  • 3 Active
  • 0 Pending
  • 7 Sold Past 12 mo.

Villoresi is performing above the Mediterra average with just 5 months of inventory and an average market time of 163 days. Newer listings are undercutting their competitors so you’ll definitely want to check out what’s on the market here!

Ok, I hope you enjoyed my Mediterra Naples, Florida update today. If you would like to know more about Mediterra homes, Mediterra villas and Mediterra condos or perhaps any other Naples luxury community, give me a shout!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223

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