As of  January 1, 2024, there are 93 active listings in our area multiple listing service (MLS) in Bonita Bay; 16 more than last month.

For comparison, last year on Jan. 1, there were 34 listings in Bonita Bay.

There are 26 single-family homes on the market from $775,000 to $5,695,000. The average list price is $2,502,385 and the average days on the market is 89. The combined days on the market is 115.

There are 34 listings in the carriage, mid-rise, townhouse, and attached villa market with prices ranging from $500,000 to $1,375,000. The average list price is $768,303 and the average days on the market is 61. The combined days on the market is 71.

In the high-rise market, there are 33 active listings in Bonita Bay ranging in price from $1,199,000 to $5,900,000. The average list price is $2,654,525 and the average days on the market is 138. The combined days on the market is 163.

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

• Within the last 12 months, there were 64 sales with an average sales price of $694,342; these condos were on the market an average of 37 days; combined days on the market is 84.

• During the 12 months previous, there were 77 sales with an average sales price of condominiums was $636,302; these homes were on the market for 13 days; combined days on the market is 55.

BONITA BAY HIGH-RISES

• During the last 12 months, there were 83 sales with an average sales price of $3,090,652; these homes were on the market an average of 128; combined days on the market is 411.

• During the 12 months previous, there were 52 sales with an average sales price of $2,217,998; these homes were on the market for an average of 31 days; combined days on the market is 90.

SINGLE-FAMILY BONITA BAY HOMES

• During the last 12 months, there were 54 sales with an average sales price of $2,132,292; these homes were on the market an average of 37 days; combined days on the market is 104.

• During the 12 months previous, there were 41 sales with an average sales price of $2,157,067; 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: 2023 AVERAGE CLOSED SALES PRICE IS BEST EVER

“Downing-Frye Realty, Inc. had a solid year for sales in 2023,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “While closed transactions were down due to a low listing inventory in Southwest Florida (and higher mortgage interest rates), it was our seventh best year for closed sales volume. Interestingly, it was our best year ever for average closed sales price! For 2023, our average closed sales price was $964,496 which is a 14% increase over the year before. It should be pointed out that 2022 was our second best year ever for average closed sales price. I believe that 2023 will go down as a transitional year for our real estate market. Mortgage interest rates spiked and briefly hovered around 8% for a 30-year fixed mortgage but then started to decline by the end of the year finishing in the mid 6’s. The encouraging news for buyers is that the listing inventory of homes for sale has been steadily rising, leaving buyers with more choices as we start the 2024 year. We look forward to an active real estate market in 2024. Buyers will have more inventory to view and sellers will be happy that the demand is still pretty robust and that the pricing is considerably better than it was several years ago. Happy New Year!” 

BONITA / ESTERO: INVENTORY RISES

Inventory at the end of November 2023 was 1,038 properties, the first time it’s been above 1,000 units since November of 2020. The median price has been about the same since April of 2022. While showing an increase from last November, New Listings, Pending Sales and Average Days on Market all declined from the previous month. New Listings were down 12%, Pending Sales were down 4.3% and Average Days on Market were down 19%. Closed Sales, however, were up 1.4% from a year ago and up 16% from October 2023. The median closed sales price in November 2023 was $577,710. The percentage of cash buyers was 65.7%, and sellers received an average of 97% of the listed price.  

NAPLES AREA: PRICES COOL AS INVENTORY CLIMBS

Overall inventory of homes in Naples for November increased 38.8% to 3,795 properties from 2,734 properties in November 2022. Buyers have not enjoyed this level of choice since September 2020. The month also included 1,080 price decreases resulting in a 3.3% decrease in overall median closed price. Pending sales (homes under contract) in November decreased 13.8% to 661 pending sales from 767 pending sales in November 2022. Closed sales also decreased by 6.1% to 537 closed sales from 572 closed sales. Inventory in the condominium home market in November rose by 74.5% compared to a 17.4% increase in the single family home market. Brokers said the rise in condominium inventory was most likely due to obstacles that prohibited sellers from listing their condominiums if it or the property encountered hurricane damage last year. 

MARCO ISLAND AREA: STEADY SALES

The Marco Island Area Assoc. of Realtors® reported November 2023 figures as compared to November 2022 figures: The inventory of 454 properties was up 83%; the number of sales was consistent at 41 sales; the median sales price for homes was $1.6M (down 18%) and for condos was $670K (down 7%), and the sales volume was $56.8M (down 3%). 

FLORIDA: INCREASE IN NEW LISTINGS

In November 2023, closed sales of existing single- family homes statewide totaled 17,722, up 4.2% year- over-year, while existing condo-townhouse sales totaled 7,108, a slight rise of 0.3% over November 2022. The statewide median sales price for single- family existing homes in November was $413,000, up 3.3% from one year earlier. For condo-townhouse units, the median price was $330,000, up 7.5% from a year earlier. Florida had a 3.7-months’ supply of single-family existing homes in November, while condo-townhouse units reported a 5-months’ supply. 

USA: EXISTING HOME SALES GROW

Existing-home sales edged higher by 0.8% in November to a seasonally adjusted annual rate of 3.82 million, finishing a five-month drop. Sales retreated 7.3% from one year ago. The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month of year-over-year price increases. The inventory of unsold existing homes slid 1.7% from the previous month to 1.13 million at the end of November, or the equivalent of 3.5 months’ supply at the current monthly sales pace.