As of  August 1, 2024, there are 85 active listings in our area multiple listing service (MLS) in Bonita Bay; 16 less than last month.

For comparison, last year on August 1, there were 44 listings in Bonita Bay.

There are 24 single-family homes on the market from $920,000 to $5,750,000. The average list price is $2,307,542 and the average days on the market is 117. The combined days on the market is 158.

There are 38 listings in the carriage, mid-rise, townhouse, and attached villa market with prices ranging from $374,900 to $1,200,000. The average list price is $710,666 and the average days on the market is 118. The combined days on the market is 147.

In the high-rise market, there are 23 active listings in Bonita Bay ranging in price from $999,000 to $5,399,000. The average list price is $2,558,739 and the average days on the market is 148. The combined days on the market is 165.

BONITA BAY CARRIAGE, MID-RISE, TOWNHOUSE AND ATTACHED VILLA HOMES

• Within the last 12 months, there were 67 sales with an average sales price of $699,438; these condos were on the market an average of 57 days; combined days on the market is 108.

• During the 12 months previous, there were 56 sales with an average sales price of condominiums was $693,972; these homes were on the market for 30 days; combined days on the market is 75.

BONITA BAY HIGH-RISES

• During the last 12 months, there were 61 sales with an average sales price of $2,180,993; these homes were on the market an average of 100; combined days on the market is 158.

• During the 12 months previous, there were 71 sales with an average sales price of $3,407,148; these homes were on the market for an average of 121 days; combined days on the market is 451.

SINGLE-FAMILY BONITA BAY HOMES

• During the last 12 months, there were 78 sales with an average sales price of $2,121,179; these homes were on the market an average of 37 days; combined days on the market is 109.

• During the 12 months previous, there were 47 sales with an average sales price of $2,173,250; these homes were on the market for an average of 35 days; combined days on the market is 102.

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.

DOWNING-FRYE: POSITIVE NEWS ABOUT JUNE’S SALES

“This has been a year of change for the real estate industry,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “One thing that hasn’t changed is that our agents are selling a lot of properties! As of July 31, 2024, Downing-Frye agents have had 1,112 closed transactional sides. We have proven once again that in a challenging real estate market, we can move properly priced homes. As of August 17, 2024 all buyers looking at properties with a Realtor will be required to sign Buyer Broker Agreements prior to viewing properties. I think this is a win/win scenario for both buyers and real estate agents. We have been preparing our agents for this industry change and look forward to closing the year with a lot more sales!”

BONITA / ESTERO: LISTINGS UP; SALES DOWN

The Bonita Springs/Estero Realtors® reported June 2024 figures as compared to June 2023: For single-family homes: new listings were up 7.3% while pending sales were down only 1%. The median sales price of $732,118 was up 4.6% and the average sales price of $869,704 was up 5.8%. Inventory was up 38.7% to 563 single-family homes for a 5.1-months’ supply. For Condominiums: new listings were equal while pending sales were down 15.8%. The median sales price was up 5% to $462,500 and the average sales price was $552,845, down 1.9% from June 2023. Inventory was up 76.4% to 658 condos for a 6.8-months’ supply. On average, sellers received 95.4% of list price for single-family homes and 95.2% for condominiums.

NAPLES AREA: BUYERS HAVE MORE CHOICES

Despite a 59% increase in overall inventory during June (compared to June 2023), overall closed sales decreased 17.3% to 710 closed sales from 859 closed sales in June 2023. The overall median closed price decreased .8% to $595,000 from $600,000 in June 2023. The June report showed 1,351 price reductions compared to 94 price increases with a 95% list to sale price ratio. In June, the 59% increase in inventory resulted in an available pool of 4,680 properties compared to only 2,943 properties during June 2023. Confidence in the market remains steady with overall new listings in June increasing 1.5% to 896 new listings from 882 new listings in June 2023, with condominium listings increasing 9% compared to a 3.9% decrease in new listings for the single-family home market.

MARCO ISLAND AREA: INVENTORY UP IN JUNE

The Marco Island Area Assoc. of Realtors® reported June 2024 figures as compared to June 2023: The inventory of 578 properties was up 23%; the number of sales (75) was down 4%; the median sales price for homes was $1.8M (up 3%), for condos was $615K (down 18%), and for lots was $473K (down 33%). The sales volume was $114M (down 4%).

FLORIDA: BECOMING A MORE BALANCED MARKET

Sales of single-family homes fell by more than 11% in June compared to the previous year, while townhouse and condo sales dropped by more than 20%. Pending sales for single-family homes were about the same as a year ago, and condo pending sales were a bit less. Year to date, new listings of single- family homes for sale are up over 16%, but in June they were only up by 6% compared to a year ago. New listings of townhouses and condos are up by over 19% year-to-date, but were only up by less than 5% in June.

USA: RECORD MEDIAN PRICE IN AGAIN IN JUNE

Existing-home sales faded 5.4% in June to a seasonally adjusted annual rate of 3.89 million. Sales also slumped 5.4% from one year ago. The median existing-home sales price bounced 4.1% from June 2023 to $426,900 – the second straight month it reached an all-time high. The inventory of unsold existing homes rose 3.1% from the previous month to 1.32 million at the end of June, or the equivalent of 4.1 months’ supply at the current monthly sales pace. “Even as the median home price reached a new record high, further large accelerations are unlikely,” said NAR Chief Economist Lawrence Yun. “Supply and demand dynamics are nearing a balanced market.”