03 Apr Bonita Bay Real Estate News | April 2018
As of April 1, 2018, there are 123 active listings in MLS in Bonita Bay; 15 less than last month. There are 39 single-family homes ranging in price from $474,000 to $7,500,000. The average list price is $1,572,921 and the average days on the market is 120. The combined days on the market is 148. In the carriage, mid-rise, townhouse, and attached villa market, there are 43 active listings in Bonita Bay. Prices range from $259,000 to $649,000. The average list price is $396,647. The average of days on the market is 99. The combined days on the market is 196. In the high-rise market, there are 41 active listings in Bonita Bay ranging in price from $549,000 to $2,650,000. The average list price is $1,633,263 and the average days on the market is 216. The combined days on the market is 236.
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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:
- Within the last 12 months, there were 77 sales with an average sales price of$374,783; these condos were on the market an average of 92 days; combined days on the market is 163.
- During the 12 months previous, there were 74 sales with an average sales price of condominiums was $393,322; these homes were on the market for 70 days; combined days on the market is 141.
- During the last 12 months, there were 25 sales with an average sales price of $1,306,890; these homes were on the market an average of 140 days; combined days on the market is 210.
- During the 12 months previous, there were 33 sales with an average sales price of $1,329,958; these homes were on the market for an average of 140 days; combined days on the market is 223.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 67 sales with an average sales price of $1,179,915; these homes were on the market an average of 108 days; combined days on the market is 209.
- During the 12 months previous, there were 81 sales with an average sales price of $1,078,241; these homes were on the market for an average of 97 days; combined days on the market is 193.
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APRIL 2018 MARKET UPDATE
“The real estate market is poised for a good year,” said Mike Hughes, General Manager for Downing- Frye Realty, Inc. “The economy is doing much better and many Americans have seen their financial picture improve, which should translate to increased sales. During March 2018, we had 402 pending sales contracts turned in, which was a 15 percent increase over March 2017 pending sales and a 32 percent increase in pending sales volume. March’s pending sales contracts for high end properties were up 12 percent, the below $250,000 market was up 15 percent, and the $250K-$500K market was up 21 percent. With Downing-Frye’s current listing inventory of over 1,400 properties, one of the highest inventories in the area, we are positioned well for the summer season.”
FLORIDA: MORE SALES & HIGHER PRICES
Florida’s housing market reported more closed sales, more new listings and higher median prices in February. Sales of single-family homes statewide totaled 18,620 last month, up 3.3 percent compared to February 2017. Meanwhile, the statewide median sales price for single-family existing homes was $246,500, up 9.6 percent from the previous year. Looking at Florida’s townhouse-condo market, statewide closed sales totaled 8,457 last month, up 6.4 percent compared to February 2017. “Sales of existing homes rose modestly in February, while sale prices continued to climb at a very brisk pace,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “Year-over-year sales growth for single-family homes checked in at 3.3 percent in February – the largest such gain we’ve seen since last June.
USA: PENDING SALES SNAP BACK
Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago. Lawrence Yun, NAR chief economist, said, “The expanding economy and healthy job market are generating sizeable home buyer demand, but the miniscule number of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.” With the start of the spring buying season in full swing, Yun believes that one of the top wild cards for the housing market in coming months will be how both buyers and potential sellers adjust to the steady climb in mortgage rates since late last year. For the year, Yun forecasts existing-home sales to be around 5.51 million – flat from 2017.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
Bonita Bay Dining Schedule
Lunch Daily: 11:00 a.m. – 2:00 p.m.
Sunday Brunch: 10:30 a.m. – 2:00 p.m.
Tuesday – Thursday à la Carte Dinner: 5:30 p.m. – 8:00 p.m.
Friday – POETS Night 6:00-8:00 p.m.
with live music 10:00-11:00 p.m.
Saturday – Thursday: 11:00 a.m. – 10:00 p.m.
Friday: 11:00 a.m. – 11:00 p.m.
(Food service until 9:00 p.m. nightly)
Live Entertainment on Wednesday Nights
Daily: 11:00 a.m. – 4:00 p.m.
Monday through Friday 8:00 a.m. – 2:00 p.m.
(Food service beginning at 10:30 a.m. Daily)
BONITA BAY CLUB NAPLES
Lunch Daily 11:00 a.m. – 3:00 p.m.
A Word from Downing-Frye Broker & General Manager Mike Hughes: Southwest Florida Named in “25 Healthiest Communities
noticed in a recent AOL article on the 25 Healthiest Communities for Retirement, Collier County was # 4 on the list and Lee County was # 21 on the list. It listed the population of Collier County as 341,091. It also said that the 65 and overpopulation had grown by 3.7% over the past year. It mentioned that 28.8% of the county residents are over 65 years old which is more than double the national rate of 14.1 %. It listed a big perk for Collier County residents is the ” ease of accessibility to opportunities for exercise ” – 91.3% of residents have access to locations for physical activity such as parks and recreational facilities. This was one of the largest percentages nationwide.
The same article listed above had the Lee County population at 663,675. It mentioned that Lee County attracts a lot of senior citizens each year. The county’s population of people 65 and over grew by 4.5% last year. The article also said that 25.6% of the Lee County population is 65 and over.
We have had 276 pending sales turned in so far this month which equates to just over $147 million in March 2018 Pending Sales Volume. This certainly is a pretty good month for sales so far.
Bonita Bay Club’s New Pickleball Courts.
April 2 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old | $27.00 per hour
April 4 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old | $27.00 per hour
April 5 | It’s All About the Swing – Farewell Party |5:00 p.m. | Wear tennis clothes
April 6 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old | $27.00 per hour
April 18 | Grand Slam | Grand Slam | 4:00 p.m. – Tennis | 5:45 p.m. – Drinks and Dinner
April 5 | Women’s Club Championship | Sabal | 8:30 a.m. | Championship Flight Only
April 5 | Men’s Club Championship | Cypress | 8:30 a.m. | Championship Flight Only
April 6 | Women’s Club Championship | Sabal | Tee times begin at 8:30 a.m. | All Flights
April 6 | Men’s Club Championship | Cypress | Tee times begin at 8:30 a.m. | All Flights
April 7 | Women’s Club Championship | Creekside | Tee times begin at 8:00 a.m. | All Flights
April 7 | Men’s Club Championship | Cypress | Creekside | 8:00 a.m. | All Flights
April 10 | ( Women’s) The Four Ways | Cypress | 9:00 a.m. Shotgun | Scramble & Chapman Alternate Shot
April 11 | ( Women’s) The Four Ways | Marsh | 9:00 a.m. Shotgun | Shamble & Better Ball of Partners
April 16 | Hal’s Revenge (Couples) | Bay Island | 9:00 a.m. Shotgun | Four-Player Scramble
April 17 | Women’s April Member-Guest | Sabal | 9:00 a.m. Shotgun
April 20 | Women’s Senior Club Championship |Creekside | 8:00 a.m. | 1st Round
April 20 | Men’s Senior Club Championship | Marsh | Tee times begin at 8:00 a.m. | 1st Round
April 21 | Women’s Senior Club Championship | Creekside | 8:00 a.m. | Final Round
April 21 | Men’s Senior Club Championship | Marsh | Tee times begin at 8:00 a.m. | Final Round
April 24 |Women’s Season Finale |Creekside | 9:00 a.m. Shotgun
April 27 |Men’s Spring Member-Member | Sabal | 9:00 a.m. Shotgun | 1st Round
April 28 |Men’s Spring Member-Member | Creekside | 9:00 a.m. Shotgun | Final Round
April 6 | POETS Night – Italian “Kelly & Shelly” | Reservations: 6:00 – 8:00 p.m. | Live Entertainment: 7:00 -11:00 p.m.
April 9 | Bay Singers Concert | 5:15 p.m. Cocktails & Show | 7:00 p.m. Dinner | Club Casual
April 11 | Women’s Alliance
April 13 | POETS Night – Seafood “Cahlua & Cream” | Reservations: 6:00 – 8:00 p.m. | Live Entertainment: 7:00 -11:00 p.m.
April 14 | Song Blast – Dueling Guitars | 6:00 p.m. Cocktails & Dinner Show | Ballroom | $75.00
April 16 | Trivia Night | 6:00 p.m.
April 17 | Wine Dinner
April 20 | POETS Night – Turkey “Manhattan Connection” | | Reservations: 6:00 – 8:00 p.m. | Live Entertainment: 7:00 -11:00 p.m.
April 27 | POETS Night – Prime Rib “Hot Topic” | Reservations: 6:00 – 8:00 p.m. | Live Entertainment: 7:00 -11:00 p.m.
A Buyer’s Guide to Closing Costs.
Official Bonita Bay Club Brochure
Looking for an overview of the Bonita Bay Club for yourself or to send to others? Here’s a quick look at the Bonita Bay Club’s five championship golf courses designed by two legendary architects; an 18-court tennis center; two welcoming clubhouses; Lifestyle Center with a state-of-the-art fitness center and spa; and, a world-class staff — the elements that make Bonita Bay Club South Florida’s premier country club.
Owned and governed by its members since 2010, Bonita Bay Club offers membership levels in golf and sports that suit the preferences of active Bonita Bay residents. In addition, limited golf memberships are available for the the Naples Club only. Download brochure.