As of  May 1, 2024, there are 134 active listings in our area multiple listing service (MLS) in Bonita Bay; 14 less than last month.

For comparison, last year on May 1, there were 55 listings in Bonita Bay.

There are 39 single-family homes on the market from $695,000 to $5,895,000. The average list price is $2,225,718 and the average days on the market is 100. The combined days on the market is 128.

There are 59 listings in the carriage, mid-rise, townhouse, and attached villa market with prices ranging from $399,000 to $1,595,000. The average list price is $713,720 and the average days on the market is 75. The combined days on the market is 101.

In the high-rise market, there are 36 active listings in Bonita Bay ranging in price from $999,000 to $5,800,000. The average list price is $2,483,164 and the average days on the market is 135. The combined days on the market is 148.

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

• Within the last 12 months, there were 66 sales with an average sales price of $704,242; these condos were on the market an average of 50 days; combined days on the market is 97.

• During the 12 months previous, there were 69 sales with an average sales price of condominiums was $681,004; these homes were on the market for 16 days; combined days on the market is 62.

BONITA BAY HIGH-RISES

• During the last 12 months, there were 62 sales with an average sales price of $2,357,196; these homes were on the market an average of 108; combined days on the market is 177.

• During the 12 months previous, there were 71 sales with an average sales price of $3,303,296; these homes were on the market for an average of 102 days; combined days on the market is 420.

SINGLE-FAMILY BONITA BAY HOMES

• During the last 12 months, there were 63 sales with an average sales price of $2,007,512; these homes were on the market an average of 36 days; combined days on the market is 100.

• During the 12 months previous, there were 39 sales with an average sales price of $2,146,545; these homes were on the market for an average of 35 days; combined days on the market is 96.

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: GOOD NEWS FOR SUMMERTON BUYERS

“We are now just over four months into 2024,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “We have gone through our winter season (Christmas to Easter) and are now starting to get a read on 2024. What are we seeing? You have to start the assessment by looking at the Downing-Frye’s total inventory of listings. On December 31, 2023, we had 707 total listings, including rental listings. We currently have 868 total listings. This is a 23% increase in all Downing-Frye listings overall. (The number of rental listings has gone up slightly by 6%.) The residential listed properties for sale have increased 33% since the end of 2023. Sellers need to continue to watch this rise in inventory. It is important to have your property priced right to get it under contract in this type of market. Our summer buyers will have considerably more choices to view this summer compared to a year ago. This is good news for summer buyers. The Downing-Frye team is looking forward to the summer season. Summers in Southwest Florida can be pretty special.” 

BONITA / ESTERO: MORE CHOICES FOR BUYERS

The Bonita Springs/Estero Realtors® reported March 2024 figures as compared to March 2023: For single-family homes: new listings were down 13.7% while pending sales were up 23.9%. The median sales price of $711,000 was down 5.8% and the average sales price was down 10.4% to $898,081. Inventory was up 48.4% to 656 single-family homes for a 5.7-months’ supply. For Condominiums: new listings were down 1.9% and pending sales were also down 13.7%. The median sales price was up 9.7% to $525,000 and the average sales price was $608.755, down 10.7% from March 2023. Inventory was up 87.6% to 743 condos for a 7.3-months’ supply. On average, sellers received 95.3% of list price for single- family homes and 96.4% for condominiums. 

NAPLES AREA: VALUES STRONG AS INVENTORY EXPANDS

Positive shifts in the Naples area housing market during March continued to attract buyers and sellers with a 67.6% increase in inventory to 5,283 properties from 3,153 properties in March 2023, while median home prices continued to appreciate steadily, up 6% in March to $649,000 from $612,000 in March 2023. Closed sales in March decreased 14.2% to 893 from 1,041 closed sales in March 2023. The average time to sell a property increased to 68 days in March 2024 compared to 49 days in March 2023. The enduring appeal of Naples to the affluent home buyer, coupled with lower luxury home prices in the Naples area compared to other luxury markets and the steady growth in Naples area property values is driving sales now more than ever. There were 32 homes sold in the $5 million and above price range and 126 homes sold in the $1.5 to $5 million price range in March 2024.

MARCO ISLAND AREA: INVENTORY INCREASES

The Marco Island Area Assoc. of Realtors® reported March 2024 figures as compared to March 2023: The inventory of 652 properties was up 36%; the number of sales (95) was down 10%; the median sales price for homes was $1.6M (down 6%), for condos was $730K (up 11%), and for lots was $1.1M (up 103%). The sales volume was $153M (up 18%). 

FLORIDA: NEW LISTINGS, MEDIAN PRICES UP

In March, closed sales of existing single-family homes statewide totaled 23,435, down 10.4% year- over-year, while existing condo-townhouse sales totaled 9,332, down 16.6% over March 2023. The statewide median sales price for single-family existing homes in March was $420,600, up 3.9% from the previous year, and for condo-townhouse units was $330,000, up 3.1%. On the supply side of the market, inventory (active listings) rose in March as well as for 1Q 2024. Single-family existing homes were at a 4.1-months’ supply while condo-townhouse properties were at a 6.6-months’ supply. 

USA: PENDING HOME SALES CONTINUE TO INCREASE

Pending home sales increased 3.4% in March. The National Assoc. of Realtors forecasts that existing- home sales will rise by 9% in 2024 to 4.46 million (from 4.09 million 2023) and another 13.2% in 2025 to 5.05 million (from 2024). Housing starts are expected to rise by 1.2% in 2024 to 1.43 million (from 1.413 million in 2023) and 4.9% to 1.5 million in 2025 (from 2024). Also expected is that median home prices will increase by 1.8% in 2024 to a record of $396,800 (from $389,800 in 2023) and another 1.8% in 2025 to $403,800 (from 2024). 

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®