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Mediterra in Naples, Florida: 2010 Real Estate Sales Review

Posted by Benjamin Dona on Monday, January 31st, 2011 at 4:50pm.

Mediterra Beach ClubThe end of year 2010 Mediterra real estate market statistics for both home and condominium sales are listed below. Located in North Naples, it is widely recognized as one of the most premier golf club communities in the area.

Mediterra is completely reminiscent of the authenticity of the Tuscan countryside and is an exquisite upscale gated community that still is offering new construction possibilities. Centered around two Tom Fazio designed championship golf courses and the 25,000 square foot Country Club at the Piazza, residents at Mediterra will enjoy one of the most exclusive lifestyles available on the Southwest Florida Gulf Coast. Residents also enjoy 200 feet of beach shoreline on the famous white sands of Bonita Beach at the community's private Beach Club which includes an elevated swimming pool, full service dining, and changing facilities.

Mediterra Real Estate Sales Data

Mediterra Home Sales End of Year 2010*:
  • 35 Closed Sales (19 in 2009)
  • Average Sales Price - $1,938,414
  • Median Sales Price - $1,600,000
  • Average Days on Market - 235
  • Average Sales Price/Square Foot - $437.19
  • Average List to Sales Price Ratio - 84%
Mediterra Condominium Sales End of Year 2010*:
  • 9 Closed Sales (6 in 2009)
  • Average Sales Price - $565,000
  • Median Sales Price - $551,250
  • Average Days on Market - 188
  • Average Sales Price/Square Foot - $207.44
  • Average List to Sales Price Ratio - 91%

Mediterra Closed Property Sales 2007 - 2010

Mediterra Closed Property Sales 2007 - 2010

In comparison with 2009 sales data, we saw a 84% increase in the number of Mediterra home sales and a 50% increase in the number of Mediterra condominium sales. The average price for homes rose by 3% while the average price for condominiums fell by 12%. Average days on market fell by 44% for homes and rose by 3% for condominiums.

If you're looking for a really good buy right now, there are some terrific condominiums available in Mediterra including a unit in Porta Vecchio for $479,000 and a unit in Calabria for $445,000.

*Sales Data Statistics from Nabor MLS.

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About the Author

Gulf Coast Associates, RealtorsBenjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.

Contact Benjamin Dona at 239-948-3955



6 Responses to "Mediterra in Naples, Florida: 2010 Real Estate Sales Review"

Andrea Guillot wrote:
This area sounds beautiful. You are very fortunate to have done so well in what's been a very down market for a lot of Florida.

Posted on Monday, January 31st, 2011 at 6:42pm.

Tim Ryan wrote:
I think that Naples will always be a fantastic long term investment. It has the most beautiful beaches and sunsets I've ever seen. I don't see much getting in the way of that any time soon.

Posted on Monday, January 31st, 2011 at 9:45pm.

Steve wrote:
Interesting data , hmmm surprised at the stat of 84% increase. Lets see what this year has in store. Good job mate.

Posted on Tuesday, February 1st, 2011 at 1:51am.

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Posted on Tuesday, February 1st, 2011 at 4:13am.

Benjamin wrote:
Quite honestly, a lot of the home sales increase was pent up demand from the fact the community and the developer were in a battle over the ownership of the golf club and other amenities.

It lasted the better part of the year and I think potential buyers waited until the dust settled to move forward.

Now that things have settled in Mediterra, I suspect the uptick in sales volume will continue.

Posted on Tuesday, February 1st, 2011 at 6:44pm.

Pete Deininger wrote:
That's great news for your market. We haven't seen anything like 84% improvement over 2009 home sales here in Breckenridge. However, the last quarter of 2010 did show improvement and early 2011 remains stronger.

Posted on Monday, February 7th, 2011 at 12:45am.



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