09 Aug Bonita Bay Real Estate News | August 2016
As of August 1, 2016, there are 67 active listings in MLS in Bonita Bay, which is 3 less than last month. There are 26 single-family homes ranging in price from $500,000 to $3,246,415. The average list price is $1,600,989 and the average days on the market is 142. The combined days on the market is 162. In the carriage, mid-rise, and attached villa market, there are 22 active listings in Bonita Bay. Prices range from $179,000 to $569,000. The average list price is $382,032. The average of days on the market is 116. The combined days on the market is 190. In the high-rise market, there are 18 active listings in Bonita Bay ranging in price from $695,000 to $2,999,500. The average list price is $1,600,164 and the average days on the market is 173. The combined days on the market is 180.
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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 127 sales with an average sales price of$716,440; these condos were on the market an average of 77 days; combined days on the market is 164.
- During the 12 months previous, there were 131 sales with an average sales price of condominiums was $648,931; these homes were on the market for 72 days; combined days on the market is 134.
- During the last 12 months, there were 67 sales with an average sales price of$1,077,562; these homes were on the market an average of 94 days; combined days on the market is 194.
- During the 12 months previous, there were 87 sales with an average sales price of $1,145,755; these homes were on the market for an average of 64 days;combined days on the market is 157.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
OPPORTUNITIES IN A CHALLENGING MARKET
“Every year presents its challenges,” said Mike Hughes, general manager for Downing-Frye Realty, Inc. “It’s how you meet those challenges that defines your year, and so far our year has been solid with Downing-Frye agents participating in over 1,700 closings through the latter part of July. This year, our cash buyers have been affected by the Canadian exchange rate and January’s volatile stock market. And the whole real estate market seems affected by the wait-and-see presidential election. But, our inventory remains strong (over 1,000 listings) and we are on pace to close over 3,000 transactions in 2016.”
Florida’s housing market reported higher median prices and fewer days to a contract in June. Home sellers continued to get more of their original asking price at the closing table in June: 96.3 percent of original listing price for single-family and 94.6 percent for condos. The statewide median sales price for single-family existing homes in June was $225,000, up 10.8 percent from the previous year; and for townhouse-condos was $164,000, up 8.6 percent. Inventory was at a 4.3-months’ supply in June for single-family homes and at a 6-months’ supply for townhouse-condo properties.
- Overall number of active listings: 900 vs. 538
- Overall closed sales: 158 vs. 202
- Single-family median sale price: $385,000 vs. $379,000
- Multi-family median sale price: $248,000 vs. $257,500
- June 2016 inventory: 6.3 months
- May 2016 percentage of list price for overall sales: approx. 94 percent
Properties typically stayed on the market for 34 days in June, an increase from 32 days in May but unchanged from a year ago. Short sales were on the market the longest at a median of 156 days in June, while foreclosures sold in 49 days and non-distressed homes took 30 days. Forty-eight percent of homes sold in June were on the market for less than a month.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
EMPLOYEE SPOTLIGHT: Rob White, Manager of Community Patrol at Bonita Bay
“Shorty after starting at Bonita Bay, it became apparent the patrol department was not maintaining accurate records that highlighted the daily efforts of the staff. Within my first year, this was changed, and daily counts were maintained and a “Daily Blotter” was introduced that listed the activities of the patrol staff. Over the years, this document has proven invaluable and I cannot count the number of times I have referred the data to justify and qualify the efforts of the Community Patrol Department.” — Rob White —
Find out more about Rob as part of a series of the “Meet Your Manage” series of blog posts presented by the Bonita Bay Community Association. Here’s a link to their blog.
Help Bonita Bay Turn Blue
What began as a New York Times bestseller by National Geographic Fellow Dan Buettner has evolved into a global movement that’s inspiring people to live longer, more active lives with lower rates of chronic disease. A vital part of Southwest Florida’s well-being improvement initiative, Blue Zones Project encourages changes to our community that lead to healthier options. When our entire community participates — from our work-sites and schools to our restaurants and grocery stores — the small changes contribute to huge benefits for all of us: lowered healthcare costs, improved productivity, and ultimately, a higher quality of life.
What does this have to do with Bonita Bay? OUR GOAL: We want to be the LARGEST COMMUNITY in Southwest Florida to be Blue Zones recognized; based on our population, we need 790 residents to join our Blue Zones participation goal. Our self-imposed deadline to reach 790 residents to join the Blue Zones Project isMarch 31, 2017.
Elke Kauder, director of community activities for the Bonita Bay Community Association said, “If you make a few, simple changes and do certain things, you will have a longer, healthier life. Why wouldn’t you want to do that? You may even inspire others to do the same thing. Since I’ve been embracing these healthy habits, I have more energy and am sleeping better, too.”
How Can Your Participate?
Kauder added, “You don’t need a group to do this, you just need to be more conscious of the choices you make. Take the Vitality Challenge and witness how EASY it is to add years to your life!”
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.