02 Dec Bonita Bay Real Estate News | December 2016
As of December 1, 2016, there are 111 active listings in MLS in Bonita Bay, 11 more than last month. There are 48 single-family homes ranging in price from $500,000 to $4,475,000. The average list price is $1,570,099 and the average days on the market is 125. The combined days on the market is 175. In the carriage, mid-rise, and attached villa market, there are 42 active listings in Bonita Bay. Prices range from $179,000 to $599,000. The average list price is $390,467. The average of days on the market is 93. The combined days on the market is 149. In the high-rise market, there are 21 active listings in Bonita Bay ranging in price from $425,000 to $2,698,000. The average list price is $1,643,524 and the average days on the market is 162. The combined days on the market is 171.
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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 111 sales with an average sales price of $713,018; these condos were on the market an average of 74 days; combined days on the market is 148.
- During the 12 months previous, there were 120 sales with an average sales price of condominiums was $628,818; these homes were on the market for 66 days; combined days on the market is 127.
- During the last 12 months, there were 74 sales with an average sales price of $1,081,059; these homes were on the market an average of 90 days; combined days on the market is 191.
- During the 12 months previous, there were 74 sales with an average sales price of $1,095,581; these homes were on the market for an average of 61 days; combined days on the market is 149.
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“We’ve seen real estate activity at a consistent level all year long,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty. “As soon as one property is being listed another is being sold. After an unusual year, the reluctance to move forward that many buyers as well as sellers were having is dissipating, and we are seeing good activity in the local market. Part of this is fueled by the number of new communities being built, which is helping to sate the desire for new construction, and part is the new perspective gained post-election. In any event, Downing-Frye is poised for a solid finish to 2016 and a busy start for 2017.”
October saw tight inventory with 756 single family homes and 777 condominiums on the market. Estero is seeing the most inventory shortages, specifically in the $3-500K price point. However, as both markets move into the winter selling season, listings are increasing. “Now that the election is over, we are seeing a notable increase in listings,” stated Jerry Murphy, Managing Broker, Downing-Frye. “Buyers are feeling more at ease and ready, and attending more open houses.”
The number of overall closed sales, including single-family homes and condos, for the 12 months ending October 2016 was 2,798 units as compared to 3,263 units for the 12 months ending October 2015, a 14 percent decrease. Pending sales for October 2016 were at a 15 percent decrease with 2,702 units versus 3,193 units compared to October 2015. The days-on-market was 95 days, which was an increase of 56 percent from 61 days in October 2015. As of November 1, 2016, there were 1,533 units of inventory for single family homes and condominiums, and the current months of inventory stands at four months.
FLORIDA: MEDIAN PRICES STILL RISING Florida’s housing market reported higher median prices and fewer all-cash sales in October. Home sellers continued to get more of their original asking price at the closing table in October: Sellers of existing single-family homes received 96.1 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 94.8 percent (median percentage). The statewide median sales price for single-family existing homes was $220,000, up 11.7 percent from the previous year. Inventory dipped to a 4.2-months’ supply in October for single-family homes and was at a 5.9-months’ supply for townhouse-condo properties.
USA: OCTOBER SALES UP
Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade.
“The ramp-up in housing starts in October is a hopeful sign that overall supply can steadily increase enough to provide more choices for buyers and also moderate price growth,” said Lawrence Yun, NAR chief economist. “A prolonged continuation of the robust single-family starts pace seen last month (869,000) would go a long way in giving homeowners much-needed assurance that they can list their home for sale and find a new home to buy within a reasonable time-frame. As a result of the anticipated economic stimulus in early 2017, mortgage rates post-election have now surged to around 4 percent as investors expect a strengthening economy and higher inflation.”
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
EMPLOYEE SPOTLIGHT: Jennifer Moening, Assistant Director of Community Activities at Bonita Bay Community Association
“Years ago, I began working in a hotel on the WPAFB in Fairborn, Ohio. I wore many hats including auditor, front desk supervisor and on the side, a banquet server with the Food & Beverage (F&B) department. When I moved to Florida, I became a stay-at-home mom of 2 month old twins. To keep busy (like having twins wasn’t enough!), I joined a “Multiples Mothers Group” and became involved with planning speakers and events for our meetings and outings. After a few years, I helped co-chair our annual Multiple State Convention in Fort Myers. When the time came to join the work force again, I wanted to stay in the hospitality industry, so I began working in various communities and held positions of Activity Director, Outside F&B Sales, Assistant Activity Director, HR Assistant, and New Owner/Rental Administrator. It has been quite a learning experience to wear different hats for these communities, but the hat I wear now at Bonita Bay seems a perfect fit!.” — Jennifer Moeningr —
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Future Seaglass Residents Taking Advantage of Finishing Touches Program
Bleda and Porco’s design will exude sophistication while providing an exceptional level of livability. Set against a background wall tone of soft sandy bisque that runs throughout the home, their color palette will include light creams and whites. Muted accents of frosted glass will be layered with matte gold and silver metallics. Furnishings will be clean lined with fabrics that include leather against cotton and linen. In the living area, a dramatic 10-foot wide fireplace will be installed within a built-out section of wall adorned with glistening wallpaper. On either side of the fireplace, thick glass shelving with the look of seaglass will be lighted from above to create bright display space that can also be muted for softer mood lighting. Two sofas perpendicular to the fireplace will be upholstered in bisque linen. Accent pillows will provide textured contrast while maintaining tone-on-tone elegance. Two easy chairs will face the fireplace, while in the center of the grouping a 60 x 60-inch cocktail table will make a statement with its heavy glass top evoking an affinity with seaglass and the sea shore.
Renee Gaddis, NCIDQ, ASID, GREEN AP of Renee Gaddis Interiors is creating the interior for tower residence 306. The tower residence 306 plan offers 3,421 square feet and 525 square feet of covered terrace space. The great room plan includes three bedrooms plus a den or fourth bedroom, three-and-a-half baths, an island kitchen and dining area, and a private elevator lobby. Gaddis is mixing light and dark wood tones for eclectic charm. The color palette is based on blue-grays. The flooring will be a warm wood tone. The design includes an optional fireplace and a dry bar. The great room will feature a ceiling detail in a checkerboard style and multiple seating areas. A fireplace clad in marble will provide the focus for the television viewing area. A dry bar will create an oasis for wine tasting. A banquette with a diamond tufted back and two chairs will be grouped around a table ideal for playing cards. Sliders will open to a terrace that will accommodate a grill zone with a dining table. The den will be entered through a sliding door that rolls to the side like a barn door. The den will function as a lounging area for television viewing.
Laurie Walter and Diana Hall, IDS are creating the interior for tower residence 605. Walter and Hall will take advantage of the abundance of natural light afforded by the 2,889 square feet under air floor plan’s western exposure and expansive windows. The plan includes 464 square feet of covered terrace space, including a terrace off the owner’s bedroom, dining room, and great room that will host a grill zone, and outdoor dining and conversation areas. Inside, the private elevator lobby will open to a wide gallery hallway leading to a powder bath and a gourmet kitchen with a large island with barstool seating. Beyond the kitchen, the great room will feature an optional fireplace and multiple seating areas. The owner’s suite provides Gulf views, walk-in closets, and a spacious bath with his and her vanities. The guest suites, one of which opens to a covered terrace, include private baths.
Contact me for a private and personal visit to the Seaglass Design Studio located within the Seaglass Sales Center to review their amazing finish selections. With construction well underway, opportunities to specify preferred finishes will become progressively limited. Ronto’s Finishing Touches Program allows future residents to visit the Design Studio and select finishes for their new home’s flooring, cabinetry, countertops, door hardware, plumbing fixtures, and paint colors. To ensure each residence is finished to each owner’s specific tastes, you may also specify finishes from other sources. Construction of the highly anticipated Seaglass tower is on schedule for completion in summer, 2018.
Source: Seaglass at Bonita Bay
Contact me to schedule your private visit to The Seaglass: 239.770.0561.
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.