07 Dec Bonita Bay Real Estate News | December 2015
Holiday Greetings!
Where an image is known to speak a thousand words, I find it difficult to find the need to embellish, with text, the image below as it clearly tells the story, at least in-part, as to why you and I either are in Bonita Bay now or soon will be. This is the weather forecast for the week of Christmas, 2015.
Whether you are buying or selling, if you are looking for REALTOR® representation, think of me.
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:
- Within the last 12 months, there were 110 sales with an average sales price of$614,524; these condos were on the market an average of 70 days
- During the 12 months previous, there were 156 sales with an average sales price of condominiums was $619,014; these homes were on the market much longer at 131 days
SINGLE-FAMILY
- During the last 12 months, there were 58 sales with an average sales price of$1,231,606; these homes were on the market an average of 67 days
- During the 12 months previous, there were 76 sales with an average sales price of $1,132,924; these homes were, again, much longer on the market for an average of 110 days
For a list of BONITA BAY homes that are pending at the moment, click here.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
Prepare for a Strong Selling Season
“We’ve seen prices edging upward on a consistent basis all year long,” said Mike Hughes, vice president and general manager of Downing-Frye Realty, Inc. and president of the Naples Area Board of Realtors. “That has not stopped sales activity — which remains at a steady clip. My advice to buyers is to move quickly if you find something you like or you may lose it. And to potential sellers, if you’ve been vacillating about selling, now may be the best time to consider listing your property with a Downing-Frye Realtor. Our company carries the largest percentage of listings in SWFL, and our family of agents sells more company listings that those listed by others. Whether you are buying or selling, we can help you be prepared for the season.”
- Overall number of active listings: 722 vs. 815
- Overall closed sales: 127 vs. 178
- Single-family median sale price: $370,000 vs. $305,000
- Multi-family median sale price: $260,500 vs. $230,000
- Months of inventory during October 2015: 4.6 months for single-family, 3.7 months for multifamily
- Percentage of list price for overall sales during October 2015: 95.48 percent
Bonita Bay Club Annual Meeting
Bonita Bay Club President Dave Barry welcomed approximately 200 people to the Annual Meeting. He began by saying that the Club is in a very positive financial position. There have been 151 new members join Bonita Bay Club contributing $5.2 million in initiation fees. Dave went on to say that the Club continues to enjoy sold-out events and robust member participation in golf with 114,411 rounds of golf; close to 28,000 tennis games and about 60,000 visits to the fitness center. The results of the Board elections were also announced:
Bonita Bay Club announced three elected members to the Board at the Annual Meeting on November 18th. They are: (left-toright) Judy Howald, Paul Muehr and Dave Shellenbarger.
For more information regarding Bonita Bay Club membership, click here.
Bonita Bay Community Association Meeting Minutes
THE COMMUNITY ASSOCIATION held its Board of Directors meeting at the Activities Center on November 19th. The meeting was called to order at2:30 by President Dave Eckrich. His opening remarks addressed a recent Leadership Meeting that was attended by approximately 40 representatives of the various neighborhoods in Bonita
Bay who brainstormed issues facing the Community:
- Pickleball: An Ad-Hoc Committee headed by Dave Shellenbarger is working on finding land that can be used as a potential site for a Pickleball facility. The committee expects to report back to the Board within 60 days. BOD member Rod McKenzie recognized the growing sport but expressed his concern about nuisance noise to neighboring communities.
- Community-Wide, Fiber-Optic Cable – Vice President Chris Corrie explained that Summit Corporation offers bundled packages comprised of: premium TV channels, high definition programming, and high speed fiber optic cable service for a bundled fee which could be as low as $50 per household. The Board will continue its due diligence on this proposal.
- Traffic Light at the North Gate – It is recommended by the BBCA Board that the Community move forward with the installation of a traffic light based on an analysis of the traffic volume by the Florida Department of Transportation. The cost to Bonita Bay is approximately $200,000 (which represents half the total cost of the project). The BOD will seek to modify the Articles of Incorporation to allow for the expenditure. The project could take a year to complete.
- Bonita Bay Logo Change – The Leadership Meeting attendees were split on the opinion – no decision has been made.
An audience member expressed surprise when learning that the Annual Dues went up by 10% this year. Dave Eckrich indicated that this was the first time in five years that the BBCA has raised the dues. It was pointed out that in order to stay competitive in the market, employee salaries rose by 3% as well as extra cost for employee medical benefits. A resident expressed concern about committing the community to contracts with fiber optic cable companies — he suggested the BOD use caution when dealing with these options. The comment was duly noted.
CHANGES TO THE LOCAL BUSINESS SCENE
BONITA BAY REAL ESTATE TIP: Why Use a REALTOR®?
When selling your Bonita Bay home, your REALTOR® can give you up-to-date information on what is happening in the marketplace, including price, financing and terms of competing properties. These are key factors in a successful sale of your Bonita Bay property at the best price in the least amount of time. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. They are committed to treat all parties to a transaction honestly. REALTOR® business practices are monitored at local board levels. Arbitration and disciplinary systems are in-place to address complaints from the public or other board members. Your REALTOR® can help you objectively evaluate every buyer’s proposal and then help write an appropriate legally binding sale agreement. Between the initial sales agreement and settlement, questions may arise. For example, unexpected repairs may be required to obtain financing or a problem with the title is discovered. Your REALTOR® is the best person to help you resolve those issues and move the transaction to settlement.
How Buyers Found the Home They Purchased
Important Factors In Choosing A Real Estate Agent
A variety of factors influence a seller’s decision to list with a particular real estate agent.
