01 Jan Bonita Bay Real Estate News | January 2025
As of January 1, 2025, there are 144 active listings in our area multiple listing service (MLS) in Bonita Bay; 22 more than last month.
For comparison, last year on Jan. 1, there were 93 listings in Bonita Bay.
There are 39 single-family homes on the market from $779,000 to $5,999,000. The average list price is $2,408,179 and the average days on the market is 97. The combined days on the market is 113.
There are 66 listings in the carriage, mid-rise, townhouse, and attached villa market with prices ranging from $374,900 to $1,150,000. The average list price is $682,409 and the average days on the market is 113. The combined days on the market is 149.
In the high-rise market, there are 39 active listings in Bonita Bay ranging in price from $849,000 to $4,900,000. The average list price is $2,194,231 and the average days on the market is 131. The combined days on the market is 131.
In the high-rise market, there are 29 active listings in Bonita Bay ranging in price from $899,000 to $4,999,000. The average list price is $2,509,483 and the average days on the market is 148. The combined days on the market is 148.
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 61 sales with an average sales price of $693,555; these condos were on the market an average of 71 days; combined days on the market is 126.
- During the 12 months previous, there were 66 sales with an average sales price of condominiums was $694,044; these homes were on the market for 39 days; combined days on the market is 86.
BONITA BAY HIGH-RISES
- During the last 12 months, there were 49 sales with an average sales price of $2,226,947; these homes were on the market an average of 112; combined days on the market is 180.
- During the 12 months previous, there were 84 sales with an average sales price of $3,091,954; these homes were on the market for an average of 128 days; combined days on the market is 411.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 81 sales with an average sales price of $2,171,100; these homes were on the market an average of 42 days; combined days on the market is 109.
- During the 12 months previous, there were 54 sales with an average sales price of $2,123,292; these homes were on the market for an average of 37 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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January 2025 Market Update
DOWNING-FRYE: READY FOR AN ACTIVE 2025
“2024 was a year of change for the real estate industry,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “But one thing that did not change is the desirability of Southwest Florida. In 2024, Downing-Frye agents participated in 1,653 closings. Starting in 2025, it’s more important than ever to work with a real estate professional. Buyers purchasing properties will be required to sign Buyer Broker agreements. Sellers will need to correctly price their properties as there is more competion this year, which Buyers are encouraged to hear. Our area’s listing inventory is almost back to pre-pandemic levels, which means that Buyers will have plenty of properties to view as they search for their slice of paradise. Many of the forms that Realtors use in our area have recently changed. For instance, if a Buyer is purchasing a condo, you will notice terms like “Milestone Inspection“ and “Structural Integrity Reserve Study”. Once again, working with a knowledgeable real estate professional is important. All in all, the Realtor community is looking forward to an active 2025 real estate market.”
BONITA / ESTERO: NOVEMBER ACTIVITY
The Bonita Springs/Estero Realtors® reported November 2024 figures as compared to November 2023: For single-family homes: new listings were up 30.7% and pending sales were also up by 43.8%. The median sales price of $685,000 was down only 0.7% and the average sales price of $1,081,246 was up 33.8%. Inventory was up 34.5% to 674 single-family homes for a 6.2-months’ supply. For Condominiums: new listings were up 36.6%, and pending sales were up by 3.9%. The median sales price was down 17.1% to $399,750 and the average sales price was $425,947, down 33.9% from November 2023. Inventory was up 62.8% to 801 condos for a 9.1-months’ supply. On average, sellers received 95.2% of list price for single-family homes and 94% for condominiums.
NAPLES AREA: INVENTORY BOOST
A 23% increase in new listings during November was a welcome addition to the Naples housing market’s overall inventory, which rose 32.4% to 5,368 properties from 4,052 properties in November 2023. Overall median closed price decreased 1.7% to $575,000 from $585,000 in November 2023. This decrease was fueled by the condominium market, which reported a median closed price decrease of 10.8%. Alternately, the single-family home market’s median closed price in November increased 2.8%. Overall pending sales increased 10.7% in November to 732 pending sales from 661 pending sales in November 2023. Overall closed sales decreased 18.4% in November to 448 closed sales from 549 closed sales in November 2023. Days on market increased 40.7% to 83 days from 59 days in November 2023. Incidentally, days on market during November 2019 was 92 days.
MARCO ISLAND AREA: INVENTORY AND SALES, UP
The Marco Island Area Assoc. of Realtors® reported November 2024 figures as compared to November 2023: The inventory of single family homes was up 15%, condo inventory was up 30% and the inventory of lots was down 24%, for a total of 525 listings. Closed sales of single family homes were down 19%, condos were down 54% and lots were up by 300%. The median sales price for homes was up 51%, condos were down 33% and lots were up by 153%. The total sales volume for 2024 was $52M compared to $57M in 2023.
FLORIDA: INVENTORY, UP
Florida’s housing market in November reported more new listings and higher inventory levels compared to a year ago. Closed sales of existing single-family homes statewide totaled 17,095, down 3.5% year-over-year; existing condo-townhouse sales totaled 6,002, down 15.6% over November 2023. The statewide median sales price for single- family existing homes in November was $410,700, down 0.6% from $413,000 one year earlier; and for condo-townhouse units, the median price was $311,000, down 5.8% from $330,000 in November 2023.
USA: PENDING SALES INCREASE AGAIN
Pending home sales in November increased 2.2%. Year-over-year, contract signings grew in all four U.S. regions, with the West showing the biggest jump. “Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” said NAR Chief Economist Lawrence Yun. “Mortgage rates have averaged above 6% for the past 24 months. Buyers are no longer waiting for or expecting mortgage rates to fall substantially. Furthermore, buyers are in a better position to negotiate as the market shifts away from a seller’s market.”
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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“Homebuyers who have been waiting on the sidelines are seeing more opportunities now and more for-sale options available,” said 2024 Florida Realtors President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “New listings were up 7.2% for existing single-family homes year-over-year while new listings for condo-townhouse units were up 5.4% – this is encouraging news for buyers. Home prices are easing, and it appears mortgage interest rates continue to hover at levels lower than they were a year ago, which increases affordability.”
Last month, closed sales of existing single-family homes statewide totaled 17,095, down 3.5% year-over-year; existing condo-townhouse sales totaled 6,002, down 15.6% over November 2023, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations.
The statewide median sales price for single-family existing homes in November was $410,700, down 0.6% from $413,000 one year earlier. For condo-townhouse units, the median price was $311,000, down 5.8% from $330,000 in November 2023. The median is the midpoint; half the homes sold for more, half for less.
According to Florida Realtors Chief Economist Dr. Brad O’Connor, “The story for November is the post-hurricane rebound for new listings and new pending sales. New pending sales were up strongly year-over-year for single-family homes (+12.6%), after falling by 8% in October. That increase, 12.6%, is the most year-over-year growth we’ve seen since April 2021, which was +64% at that time, because we were comparing it to early in the pandemic in April 2020.”
“However, on a cautionary note, I think this is mostly a post-hurricane rebound, with market activity that would otherwise have occurred in October being pushed into November,” he said. “But if there’s real momentum here, it may show up in the December figures.”
On the supply side of the market, Florida had a 4.8-month supply of single-family existing homes last month, up 29.7% year-over-year. For condo-townhouse units, the state had an 8.2-month supply in November, up 64% year-over-year.
November 2024 market data reports (click to jump to data)
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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. |
