THE FABULOUS GATED GOLF COMMUNITY OF FIDDLER'S CREEK

Market Update

July 14, 2007

I live in Fiddler's Creek and enjoy the lifestyle of this gated golf community. Nature abounds you when you live at this internationally renowed resort of Fiddler's Creek with its shimmering lakes and lush landscaping. It is not unusual to see the wonderful tropical flora and rare animal life of the Everglades during your walks or just from your lanai. The community boasts the luxurious tropical aura you would expect at a five star Caribbean resort. Fiddler's Creek is situated perfectly between the World Famous 5th Avenue of Naples and the tropical beaches of Marco Island, Florida.

Fiddler's Creek is a community of single family homes and condo villages. Currently, as of this date, there are 338 active resale properties for sale with prices ranging from $4,500,000 to $274,900, 33 closed resale properties since January 1, 2007 and 3 pending resale contracts on the Naples Area Board of Realtors MLS. Watch for my quarterly market updates about Fiddler's Creek. If you do not receive my quarterly magazine that I mail out and would like to receive it, please email me at CRzaca@EliteOneFineProperties.com and I will be sure that you are added to my distribution.

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Carolyn A. Rzaca, Broker/Owner

EliteOneFineProperties.com

Your Source for Naples Homes, Naples Condos and The Golf Course Communities of Fiddler’s Creek, Hammock Bay, Lely Resort and Treviso Bay

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Based on information from the Naples Area Board of REALTORS and the Association of Real Estate Professionals, Inc. These properties were not all listed or sold by EliteOne Fine Properties, LLC REALTORS and are listed by various MLS participating offices, or were the subject of recent sales transactions and were sold by various MLS participating offices. This infomration is deemed to be accurate, but not warranted. Non-MLS properties are not reflected. Carolyn A. Rzaca and EliteOne Fine Properties are independent real estate brokers and are in no way affiliated with, sponsored by, or endorsed by GB 500 Inc., Distinctive Realty of Naples, or the developers of the Fiddler's Creek community.

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. **