September 2006 Fiddler's Creek Market Report

Since January of this year, there have only been 20 condos sold in Fiddler's Creek. Compare that with 114 that sold the prior year. This is a community that has continually been adding new product, so there is a mixture of developer and resales going on in this community.

I am only reporting what has happened on the Marco Island MLS, there can actually be additional sales that are reported on the Naples MLS, but for the most part they are listed on both MLS systems. Let's look at the Gated Community as a whole.

	Year	# of Units Active	# of Units Pending	# of Units Sold	Average List Price Active	Average List Price Pending	Average List Price of Sold	Average Sold Price
Fiddlers Creek Condos Combined	2007
	2006	114	2	20	$ 610,440	$ 558,500	$ 576,780	$ 542,912
	2005			114			$ 476,339	$ 465,573
	2004			80			$ 338,848	$ 329,216
	2003			33			$ 271,288	$ 262,032
	2002			18			$ 230,267	$ 223,311
	2001			7			$ 200,943	$ 192,782
	2000			1			$ 169,900	$ 159,000

The above represents the average of the various communities that make up Fiddler's Creek. Below find the specific communities vary greatly in prices:

Condo Name	# For Sale	Lowest	Highest	Average
Cascada	13	$ 699,999	$ 999,000	$ 867,738
Cherry Oaks	13	$ 599,000	$ 974,900	$ 865,982
Deer Crossing	16	$ 399,000	$ 579,000	$ 531,031
Hawks Nest	19	$ 369,900	$ 459,000	$ 405,347
Laguna	31	$ 537,000	$ 839,000	$ 666,258
Montreaux	12	$ 599,900	$ 875,000	$ 783,942
Whisper Trace	10	$ 339,000	$ 489,000	$ 384,580

Of the units that have sold:

• 4 Cascada
• 3 Cherry Oaks
• 3 Deer Crossing
• 4 Hawks Nest
• 2 Montreaux
• 4 Whisper Trace

For a more in depth list of current sales and what is for sale in Fiddler's Creek, please feel free to contact me at colleen@paradisereport.com. I look forward to speaking with you!

** All statistical information was gathered from The Marco Island Area Association of Realtors. **