Mediterra Monthly Market Report

• Amarone
• Bellezza
• Bello Lago
• Benvenuto
• Brendisi
• Calabria
• Celebrita
• Cellini
• Cortile
• Felicita
• IL Corsini
• IL Trebbio
• Lucarno
• Marcello
• Medici
• Milan
• Monterosso
• Padova
• Porta Vecchio
• Positano
• Ravello
• Savona
• Serata
• Teramo
• Terrazza
• Treviso
• Verona
• Villalago
• Villoresi

Coconut Point Press

What happens when you pull together the power and reputations of two of the top agents in the real estate marketplace?  You get incredible leverage for buyers and sellers.

That is what Whitey Phillips and Michael Burke of Keller Williams Elite Realty did for select communities in our area; they joined forces to provide superior customer support and service.  "The market is changing very quickly and we need to stay on top with cutting edge marketing tools enabling us to

Whitey Phillips

reach out to our buyers and sellers, therefore it was a natural fit to partner with Michael Burke of the Coconut Point Team" says Whitey.

With Whitey Phillips’ he has nearly 20 ye

D.Michael Burke

ars of experience in listing and selling residential real estate in Bonita Springs, Naples, and Fort Myers Beach.  Whitey has been a top producer and is highly respected as one of the area’s top producers.  Michael Burke has been launched to the forefront of the real estate market place these last few years with his highly creative and aggressive marketing.  "To be aligned with someone of Whitey’s caliber is an honor, our styles complement each other" says Michael.

Each month we will be bring you our exclusive market report update filled with community rich information whether you are buying or selling.

State of OUR Real Estate Market…. Our market continues to thrive and its upward trend this year.  Sales are on the rise and inventory is being reduced. We have seen the single family market stabilize in some communities and the condo market is still adjusting. 

As we reported last month, the majority of the sales

activity remains to be under $500,000 (85%), while under $250,000 is still the strongest segment of our market at 63%.  This remains to continue.

The successful sellers continue to prosper that understand the difference of being "IN" the market rather just being "ON" the market.  70% of the active listings continue to be overpriced.

We am sorry folks; We are just being brutally honest with you.  Let us try to help you with an analogy:   Let’s say we go fishing…  We can have the best bait, we can have the best boat, and we can have the best fishing equipment, however, if we throw the bait out of the boat and it goes down ten feet and the fish are down at forty feet, they’re not going to bite.  So what happens if we lower another ten feet?  They’re still not going to bite because the fish are down forty feet.   But we can’t see where they are from the boat, can we?  So we fish.  We keep lowering and all of a sudden, guess what, your bait is right in the middle of those fish and you have a feeding frenzy.  Pricing your house in this market is much like fishing—we can’t see the fish so we just keep lowering the bait until they hit.

Mediterra Market Trends