Luxury Real Estate Market Report - Mediterra Naples FL by amy.nease_PSIR

MEDITERRA

FIRST QUARTER REVIEW 2024

Presented by Amy Nease for Leonardo and Angelica Washington

To search homes, view all my current listings, recent sales, and more, visit AmyNease.com.

As a Mediterra real estate specialist, I have the marketing and negotiating skills to help position your home above the crowd and achieve the best possible price. Contact me today at 239.910.7267 for your complimentary consultation.

Current Market Activity FIRST QUARTER 2024 MEDITERRA STATUS TYPE ADDRESS BEDS BATHS EST. SQ. FT. LIST PRICE SOLD PRICE SOLD DATE Sold Low Rise (1-3) 16995 Porta Vecchio Way #202 3 3 2,873 $1,350,000 $1,150,000 03/21/24 Sold Low Rise (1-3) 15513 Monterosso Lane #202 3 3 2,685 $2,300,000 $2,160,000 03/15/24 Sold Low Rise (1-3) 17056 Porta Vecchio Way #202 3 3 2,873 $2,195,000 $2,050,000 01/19/24 Sold Single Family 16839 Cabreo Drive 3 4 3,009 $2,395,000 $2,100,000 03/29/24 Sold Single Family 16728 Lucarno Way 3 5 3,323 $3,678,000 $3,698,120 03/27/24 Sold Single Family 16672 Lucarno Way 3 4 3,308 $3,647,000 $3,647,000 03/18/24 Sold Single Family 16037 Trebbio Way 4 6 5,115 $5,695,000 $5,500,000 03/12/24 Sold Single Family 16863 Caminetto Court 3 4 3,867 $4,276,000 $4,000,000 02/28/24 Sold Single Family 15126 Frescott Way 4 5 5,829 $6,350,000 $6,000,000 02/27/24 Sold Single Family 15299 Corsini Lane 4 5 5,572 $5,695,000 $5,290,000 02/02/24 Sold Single Family 16745 Cabreo Drive 3 4 3,101 $3,160,000 $3,212,865 01/08/24 Sold Villa Detached 10826 Est Cortile Court 4 5 4,378 $4,800,000 $4,800,000 03/28/24 12 42 HOMES FOR SALE HOMES SOLD (Closed) 8 2 HOMES PENDING HOMES PENDING w/ Contingencies

Amy Nease and Premier Sotheby’s International Realty are not in any way affiliated with Mediterra Home Owners Association, nor is this in any way an official advertisement or publication of Mediterra. ©2024 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the SWFLAMLS from January 1st through March 31st, 2024. Listings and sales may not be those of Premier Sotheby’s International Realty. The SWFLAMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

ACTIVE PENDING SOLD PENDING w/ Contingencies

This statistical analysis represents the first quarter 2024 market trends in Mediterra. For an in-depth analysis of your home’s value, call me today at 239.910.7267 for a complimentary evaluation.

Q1 2023: $963 ( +5.4% )

2023 Single Family, Villa + Coach Homes Sales 2024 Single Family, Villa + Coach Homes Sales Data based on closed listings from SWFLAMLS only from January 1st through March 31st, 2023 and 2024. Information deemed accurate but not guaranteed.

Q1 2023: 96.7% ( -0.3% )

REAL ESTATE REVIEW

9 118 39 $639

3 AVERAGE PRICE / SQ. FT.

SOLD / LIST PRICE RATIO AVERAGE DAYS ON MARKET – CLOSED SALES MEDIAN SOLD PRICE TOTAL SALES

Q1 2023: 10 ( -10.0% ) Q1 2023: 51 ( +131.4% ) Q1 2023: 96 ( -59.4% ) Q1 2023: $648 ( -1.4% ) Q1 2023: 95.6% ( -4.8% ) Q1 2023: 4 ( -25.0% )

$1,015 96.4%

90.8%

AVERAGE

0 3 2 6 1 0 2 0 1 3 3 2 2 1 $800,000$999,999 $1,000,000$1,999,999 $2,000,000$2,999,999 $3,000,000$3,999,999 $4,000,000$4,999,999 $6,000,000+ $5,000,000$5,999,999

Q1 2023: $3,850,000 (+3.9% ) Q1 2023: $1,685,000 (+15.7% ) Year Over Year Single Family, Villa + Coach Homes FIRST QUARTER 2024 SALES COMPARISON MEDITERRA MEDITERRA SINGLE FAMILY & VILLAS SINGLE FAMILY & VILLAS SINGLE FAMILY & VILLAS SINGLE FAMILY & VILLAS SINGLE FAMILY & VILLAS COACH HOMES COACH HOMES COACH HOMES COACH HOMES COACH HOMES

$4,000,000 $2,050,000

FIRST QUARTER 2024

TOP 1.5% of Real Estate Professionals in the USA PremierSothebysRealty.com *Rankings based off of REAL Trends published information on 6/29/20. Rankings may change. Amy Nease and Premier Sotheby’s International Realty are not in any way affiliated with Mediterra Home Owners Association, nor is this in any way an official advertisement or publication of Mediterra. ©2024 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the SWFLAMLS from January 1st through March 31st 2024. Listings and sales may not be those of Premier Sotheby’s International Realty. The SWFLAMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. SINGLE FAMILY & VILLA MEDITERRA QUAIL WEST TALIS PARK GREY OAKS Active Listings 32 22 4 23 Average List Price $4,530,656 $5,553,182 $7,571,000 $7,083,043 Total Sold 9 8 1 11 Average Sold Price $4,249,776 $5,059,375 $2,150,000 $3,973,182 Average Sale to List Price Ratio 97% 94% 91% 97% CONDOS MEDITERRA TALIS PARK GREY OAKS Active Listings 10 20 5 Average List Price $1,423,800 $1,692,500 $2,416,600 Total Sold 3 2 2 Average Sold Price $1,786,667 $1,775,000 $2,549,500 Average Sale to List Price Ratio 91% 90% 98% COMMUNITY

FIRST QUARTER 2024

COMPARISONS

FEATURED LISTINGS BY AMY NEASE AVAILABLE FOR $1,645,000 AVAILABLE FOR $2,445,000 3 Bedrooms | 3.0 Baths | 2,665 Living Sq. Ft. 3 Bedrooms | 3.0 Baths | 2,206 Living Sq. Ft.

MONTEROSSO LANE

VILLORESI

15516

#201 15655

WAY

FEATURED LISTINGS BY AMY NEASE AVAILABLE FOR $2,745,000 AVAILABLE FOR $3,395,000 3 Bedrooms | 4.0 Baths | 3,505 Living Sq. Ft. 4 Bedrooms | 5.0 Baths | 3,910 Living Sq. Ft. 16643 CORTONA LANE

CELLINI LANE

16540

FEATURED LISTINGS BY AMY NEASE AVAILABLE FOR $4,495,000 AVAILABLE FOR $4,895,000 3 Bedrooms | 5.0 Baths | 5,144 Living Sq. Ft. 4 Bedrooms | 5.0 Baths | 4,840 Living Sq. Ft.

MARCELLO WAY

TERAMO WAY

29130

29100

FEATURED LISTINGS BY AMY NEASE AVAILABLE FOR $5,685,000 4 Bedrooms | 5.0 Baths | 6,014 Living Sq. Ft. 15175 BROLIO WAY THINKING OF SELLING? Your home deserves exceptional listing service, marketing savvy, and negotiation expertise that result in a successful sale. Call me today at 239.910.7267 for a confidential discussion on how my marketing skills can maximize your home’s selling potential.

BY AMY NEASE FEATURED LISTINGS AVAILABLE FOR $2,295,000 3 Bedrooms | 3.0 Baths | 2,665 Living Sq. Ft. 15536 MONTEROSSO LANE #202 PENDING PENDING AVAILABLE FOR $5,295,000 5 Bedrooms | 7.0 Baths | 5,579 Living Sq. Ft. 10842 EST CORTILE COURT

BY AMY NEASE NOTABLE SALES • 3 Bedrooms • 3 Total Baths • 2,873 Living Sq. Ft. • 3 Bedrooms • 4 Total Baths • 3,009 Living Sq. Ft. SOLD FOR $1,150,000 SOLD FOR $2,100,000 16995 PORTA VECCHIO WAY #202 16639 CABREO COURT • 4 Bedrooms • 5 Total Baths • 5,829 Living Sq. Ft. SOLD FOR $6,000,000 15126 FRESCOTT WAY SOLD SOLD SOLD

REALTOR ® | BROKER ASSOCIATE

239.910.7267

Amy.Nease@PremierSIR.com

AmyNease.com

UNDERSTANDING THE 8 MYTHS DEBUNKED ABOUT THE NAR SETTLEMENT

TRUTH

ARE REALTORS® BEING FORCED TO REDUCE THEIR FEES?

No. The settlement in no way establishes any standard or limitation on what Realtors may charge nor the services they elect to deliver. REALTOR® fees have always been fully negotiable and are widely varied across each market.

DOES THE SETTLEMENT ALLOW SELLERS TO OPT OUT OF PAYING BUYER AGENT COMPENSATION FOR THE FIRST TIME?

No. There has never been any obligation for a seller to pay buyer agent compensation at any time.

ARE SELLERS PROHIBITED FROM PAYING COMMISSIONS TO BUYER’S AGENTS POST-SETTLEMENT?

No. The practice of paying a buyer’s agent is completely a seller’s decision and nothing changes in terms of options.

WILL SELLERS NO LONGER BEAR THE FINANCIAL BURDEN OF BUYER AGENT FEES?

Although sellers can elect not to pay a buyer agent compensation, that doesn’t mean they will avoid the economics altogether. Buyers may request certain concessions or contingencies requiring the seller to pay.

DOES THE SETTLEMENT REDUCE THE TOTAL COST OF TRANSACTION SERVICES?

No. Should sellers choose to compensate only the listing agent, buyers will now have to pay for their own representation if they don’t require the seller to pay it as a contingency. Just because two parties may now share the cost of services doesn’t mean the total cost of the transaction has been lowered.

CAN THE SETTLEMENT LEAD TO A MEANINGFUL DECREASE IN REAL ESTATE PRICES AND MAKE HOMEOWNERSHIP MORE AFFORDABLE?

No. General values in real estate are determined by the fundamentals of supply and demand. The real reason home ownership is increasingly less affordable is that homes have risen dramatically in value in recent years.

IS THE SETTLEMENT A SIGNIFICANT WIN FOR BUYERS IN FEE NEGOTIATION?

No. As a buyer having to provide the funds needed for a down payment and closing expenses, you’re more than likely happy to have the commission paid by the seller so you don’t have to come up with additional dollars at closing.

WILL THERE BE A SUBSTANTIAL RESTITUTION TO CONSUMERS FROM THE SETTLEMENT?

No. Dividing the settlement amount by the number of potentially qualifying consumers is negligible. Truthfully, the majority of REALTORS® work incredibly hard and go above and beyond for their clients.