01 Apr Bonita Bay Real Estate News | April 2025
As of April 1, 2025, there are 179 active listings in our area multiple listing service (MLS) in Bonita Bay; 11 less than last month.
For comparison, last year on March 1, there were 139 listings in Bonita Bay.
There are 43 single-family homes on the market from $699,000 to $6,495,000. The average list price is $2,076,977 and the average days on the market is 110. The combined days on the market is 155.
There are 77 listings in the carriage, mid-rise, townhouse, and attached villa market with prices ranging from $350,000 to $1,425,000. The average list price is $688,597 and the average days on the market is 119. The combined days on the market is 151.
In the high-rise market, there are 59 active listings in Bonita Bay ranging in price from $749,000 to $5,580,000. The average list price is $2,160,485 and the average days on the market is 135. The combined days on the market is 150.
A reminder, you have access to the most comprehensive website devoted to Bonita Bay, BonitaBayRealty.com. I’ve included maps, floor plans, photos, and descriptions of each neighborhood within this desirable community.
Your Bonita Bay REALTOR®,
Ed Gongola
SUMMARY OF BONITA BAY HOME SALES
If you are considering selling your Bonita Bay home, here are some statistics that may help you decide to place your home on the market:
BONITA BAY CARRIAGE, MID-RISE, TOWNHOUSE AND ATTACHED VILLA HOMES
- Within the last 12 months, there were 62 sales with an average sales price of $639,779; these condos were on the market an average of 83 days; combined days on the market is 136.
- During the 12 months previous, there were 69 sales with an average sales price of condominiums was $701,275; these homes were on the market for 50 days; combined days on the market is 95.
BONITA BAY HIGH-RISES
- During the last 12 months, there were 44 sales with an average sales price of $2,173,191; these homes were on the market an average of 104; combined days on the market is 165.
- During the 12 months previous, there were 60 sales with an average sales price of $2,626,319; these homes were on the market for an average of 141 days; combined days on the market is 250.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 92 sales with an average sales price of $2,29,309; these homes were on the market an average of 51 days; combined days on the market is 122.
- During the 12 months previous, there were 54 sales with an average sales price of $1,964,319; these homes were on the market for an average of 41 days; combined days on the market is 104.
For a list of BONITA BAY homes sold in the last 12 months, click here.
For a list of BONITA BAY homes that are pending at the moment, click here.
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April 2025 Market Update
DOWNING-FRYE: BUYERS HAVE MORE CHOICES
“The first quarter of 2025 saw 382 Downing-Frye Realty, Inc. closed transactional sides,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “We also had 479 pending sales transactions. Typically, pending sales take 30-60 days to close. Sellers should note that it is taking longer to get properties under contract in recent years as the Days on Market has shown an upward trend line. However, properties that are priced right and show well still tend to move quickly. Buyers should be happy with the increase in selections as the Downing-Frye listings have grown from 332 residential listings six months ago to 704 residential listings at the end of March 2025. That is a 112% increase in residential listings over the last six months. Downing-Frye agents will be busy over the next 45 days as we are coming into a very active period for sales activity. ”
BONITA / ESTERO: FEBRUARY ACTIVITY
The Bonita Springs/Estero Realtors® reported February 2025 figures as compared to February 2024: For single-family homes: new listings were up 9.7% and pending sales were up by 19.2%. The median sales price of $740,000 was up 5% and the average sales price of $894,297 was down 4.5%. Inventory was up 30.6% to 925 single-family homes for 8.2-months supply. For Condominiums: new listings were down 4.4% and pending sales were down by 8.7%. The median sales price was down 6.6% to $425,000 and the average sales price was $590,311, down 0.4%. Inventory was up 50.5% to 1,130 condos for 12.9-months supply. On average, sellers received 94.3% of list price for single-family homes and 96.2% for condominiums.
NAPLES AREA: MARKET REMAINS COMPETITIVE
In February 2025, Collier County (excluding Marco Island) inventory increased 35.8% to 7,320 properties from 5,389 properties. Overall closed sales decreased 9.5% to 584 closed sales in February 2025 from 645 closed sales in February 2024, but it increased 6% compared to closed sales reported in January 2025 (511 closed sales). And although the overall median closed price in February increased 4% to $650,000 from $625,000 in February 2024, reporting also showed sellers taking action to stay competitive with 2,883 price decreases reported during the month to contend with the growing number of properties on the market. New listings during February barely decreased (0.1%) to 1,710 new listings from 1,711 new listings in February 2024. During February, sellers were getting an average of 94.8% of their asking price. Of those buyers in February, 76.9% of them paid for the purchase in cash.
MARCO ISLAND AREA: INVENTORY AND SALES UP
The Marco Island Area Assoc. of Realtors® reported February 2025 figures as compared to February 2024: Inventory was up 19%; the number of properties sold was down 21%; the average days on market was down 17%; and the dollar volume sold was $104.4M, up 10% from the year before. In February, the median sales price for homes was $2M and for condos was $1M.
FLORIDA: INVENTORY UP
Closed sales of single-family homes statewide in February totaled 17,698, down 7% from the February 2024 level, while existing condo-townhouse sales totaled 6,503, down 13% year-over-year. Florida Realtors Chief Economist Dr. Brad O’Connor said, “Looking at months’ supply for condos and townhouses, it’s pretty clear we are in a buyer’s market, at least at the statewide level, with 9.7-months of supply. Buyers have gained an advantage here, and sellers increasingly will have to concede on price if they want to move their properties.”
USA: PENDING HOME-SALES ADVANCE
Pending home sales improved 2.0% in February. “Despite the modest monthly increase, contract signings remain well below normal historical levels,” said NAR Chief Economist Lawrence Yun. “A meaningful decline in mortgage rates would help both demand and supply – demand by boosting affordability, and supply by lessening the power of the mortgage rate lock-in effect. Considering the Federal Reserve’s recent forecast for slower economic growth, we expect mortgage rates to slide moderately lower,” said Yun. “But the current high national debt will prevent mortgage rates from falling drastically – and certainly not to the 4%-to-5% range seen during President Trump’s first term.”
Sources: The Bonita Springs-Estero REALTORS®/SWFLMLS, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS® and Marco Island Area Assoc. of REALTORS®
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Open floor plans that make it easy to Love through primary living and entertaining areas have been popular for decades. Open concept floor plans join the dining room, kitchen and living (great) room into a communal space where sight lines are maximized and walls are minimal.
According to JJones Design Co., the origins of open concept floor plans may be traced to the deaf community. An open layout allows for better visual communication and awareness of one’s surroundings, and some deaf individuals modified their kitchen and living spaces to facilitate more room for social gatherings and signing. Nowadays, it’s nearly impossible to find a new construction with closed-off rooms.
Some of the pros and cons of having an open-concept home
Benefit: Open concept plans make small spaces feel bigger. When smaller homes are broken up by walls, they can seem even smaller. By tearing down walls, one can trick the mind into thinking there is more square footage.
Drawback: The space may feel too large. An open concept floor plan in a large home can make interior spaces feel cavernous. A cozy home can be difficult to achieve with fewer walls.
Benefit: Open concept plans facilitate the flow of natural light. Without walls to break up rooms, homeowners can maximize light coming in through their windows. This also may help to brighten darker rooms that do not get as much natural light.
Drawback: Privacy can be hard to achieve. Unobstructed views from windows and doors can make it more challenging to create privacy when desired. When window shades are open, passersby can see into a home. Also, sunlight may end up wearing out flooring and furniture throughout the home.
Benefit: Open floor plans allow more space to spread out when entertaining. One of the biggest pluses of open floor plans is that it makes it easier to host crowds. Guests can enjoy the communal space, while hosts can still interact with friends and family even while preparing meals in the kitchen.
Drawback: Homeowners will likely need to do more cleaning ahead of hosting guests, as multiple rooms will be on display. Also, cleanup afterwards may be more arduous since guests have spent time in multiple spaces.
Benefit: Open concept plans can improve property value. The home renovation experts at The Spruce note open floor plans are desirable and increase the value of a home by up to 7.4% a year.
Drawback: Some homebuyers are beginning to shy away from open floor plans. This may have been prompted by stay-at-home requirements during the COVID-19 pandemic, when multiple family members were working and doing schoolwork at home. In that environment, an open-concept layout didn’t provide the privacy or distraction-free spaces residents may have needed.
Open floor plans have been around for more than 30 years, but they aren’t everyone’s cup of tea. The pros and cons of this design style merits consideration when renovating or shopping for a home.
Copyright © 2025 H-D Media Company, LLC
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Overall closed sales decreased 9.5 percent to 584 closed sales in February 2025 from 645 closed sales in February 2024, but it increased 6 percent compared to closed sales reported in January 2025 (511 closed sales). And although the overall median closed price in February increased 4 percent to $650,000 from $625,000 in February 2024, the report also showed sellers taking action to stay competitive with 2,883 price decreases reported during the month to contend with the growing number of properties on the market. “Two years ago we were complaining about having only 2,800 homes in inventory,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “February’s inventory was far from the 12,000 properties we had in inventory during March 2007, but that’s a good thing because the circumstances are very different today.” The lax lending standards that ultimately led to a high number of foreclosures and short sales in 2007 is not occurring in 2025. Hughes and other brokers reviewing the February Market Report say today’s seller is better positioned than a seller in 2007 because most have built substantial home equity. “If you bought a home before the pandemic, you’re in a very good position if you decide to sell today,” said Adam Vellano, Managing Director of South and Southwest Florida at Compass Florida. Diving into the Data“Deceleration was an eventuality,” said Budge Huskey, CEO, Premier Sotheby’s International Realty, “The report shows evidence that our market is self-correcting. Prices are not appreciating at an alarming rate anymore, and sales in 2025 have slowed slightly for a number of reasons like recent economic disruptions and a general lack of buyer urgency.” Broker analysts recommend working with a REALTOR® who understands the Naples market because market conditions vary widely based on home location and home type. For example, the February report shows the overall median closed price for properties in Naples increased 4 percent, but the median closed price for single-family homes in Central Naples [34104, 34105, 34116] decreased 28.7 percent. Conversely, the median closed price of single-family homes in the Naples Beach area (34102, 34103, 34108) increased 82.2 percent. Though this increase was more likely due to the sale of a few very high priced properties that created statistical disparity than actual organic price expansion. Similarly, the median closed price of condominiums decreased .4 percent in February; but in Ave Maria, the median closed price of condominiums increased 13.4 percent. According to Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC, “We are starting to see values declining for homes that were purchased in 2022, especially in markets that are saturated with homes for sale. Selling a home can become especially challenging when the spec home market has produced an oversupply of homes for sale in many popular neighborhoods around Old Naples, Vanderbilt and Lakes Park.” Hughes responded, “Sellers fall into two groups today: those who are inching prices down but not catching up to the market; and those that are making significant cuts to get ahead of the pack.” The NABOR® February 2025 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2025:
Breaking from the Pack Brokers remarked that the Naples housing market is performing much better than other markets in Florida like Sarasota and Palm Beach. Dr. H. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at FGCU’s Lutgert College of Business, added that “Collier County gets lost in the narrative when it comes to the media’s portrayal of housing market performance across Southwest Florida. People are seeing stories about oversupply in Charlotte and parts of Lee County and assume the same is true for Collier County, but that’s not the case.” New listings during February barely decreased (.1 percent) to 1,710 new listings from 1,711 new listings in February 2024. The added competition means sellers must be ready to meet the demand with asking prices that fit today’s market. During February, sellers were getting an average of 94.8 percent of their asking price. Of those buyers in February, 76.9 percent of them paid for the purchase in cash. “Buyers seeking the right home in Naples can afford to be highly selective,” added Huskey. “If you’re a seller and not getting a lot of showings, talk to your REALTOR® about your home’s list price because it’s likely the reason you may miss out on an opportunity to sell during season.” |
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If you are looking to buy or sell a home in Naples, contact a Naples REALTOR® who has the experience and knowledge to provide an accurate market comparison or negotiate a sale. A REALTOR® can ensure your next purchase or sale in the Naples area is a success. Search for your dream home and find a Naples REALTOR® on Naplesarea.com. The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
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Why Chose Me as Your REALTOR®?
To learn more about me and my real estate business and Bonita Bay real estate specifically, I encourage you read the About Ed section as well as the Testimonial section of the site. Over the years, my clients have expressed their satisfaction in my services and I’ve showcased their kind words so you can determine if I am the right REALTOR® to represent you.If you are curious as to my sales success, visit my Sold Homes page. This gives a clear picture of exactly what I’ve accomplished and, more importantly, what I can accomplish for you. |
