03 Feb Bonita Bay Real Estate News | February 2017
As of February 1, 2017, there are 125 active listings in MLS in Bonita Bay, 20 more than last month. There are 50 single-family homes ranging in price from $519,000 to $4,475,000. The average list price is $1,555,938 and the average days on the market is 116. The combined days on the market is 175. In the carriage, mid-rise, townhouse, and attached villa market, there are 50 active listings in Bonita Bay. Prices range from $159,900 to $910,000. The average list price is $395,750. The average of days on the market is 110. The combined days on the market is 157. In the high-rise market, there are 25 active listings in Bonita Bay ranging in price from $425,000 to $2,598,000. The average list price is $1,631,240 and the average days on the market is 161. The combined days on the market is 169.
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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 108 sales with an average sales price of $646,125; these condos were on the market an average of 84 days; combined days on the market is 154.
- During the 12 months previous, there were 112 sales with an average sales price of condominiums was $698,944; these homes were on the market for 64 days; combined days on the market is 131.
- During the last 12 months, there were 71 sales with an average sales price of $1,082,784; these homes were on the market an average of 88 days; combined days on the market is 185.
- During the 12 months previous, there were 80 sales with an average sales price of $1,102,108; these homes were on the market for an average of 73 days; combined days on the market is 158.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
FEBRUARY MARKET UPDATE
A STRONG START TO THE YEAR
“We are happy to report that activity steams forward,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty. “In 2016 we closed over $1.4 billion in sales volume, and went into the new year with a strong inventory of over 1,300 listings. Through January, we were up 26% in closings over the same period last year. We continue to be optimistic about this year’s activity, especially in light of our recent performance.”
BONITA /ESTERO: BUYER’S MARKET FOR RESALES
December 2016 saw a continuation of closed home sales in all price points with an overall 3 percent increase in the median closed price. “A 3 percent increase in the median closed price shows nice, steady growth for the Bonita Springs and Estero markets,” stated Jerry Murphy, managing broker, Downing-Frye. “This number reflects a healthy, stable market.” The number of overall closed sales, including singlefamily homes and condos, for the 12 months ending December 2016 was 2,904 units as compared to 3,132 units for the 12 months ending December 2015, a seven-percent decrease. Pending sales for December 2016 were at a 9 percent decrease with 2,872 units versus 3,174 units compared to December 2015. The dayson-market was 105 days, which was an increase of 38 percent from 76 days in December 2015. As of Jan. 1, 2017, there were 1,475 units of inventory for single-family homes and condominiums, and the current months of inventory stands at five months.
FLORIDA: TIGHT HOUSING SUPPLY
Home sellers continued to get more of their original asking price at the closing table in December: Sellers of existing single-family homes received 96 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 94.7 percent (median percentage). The statewide median sales price for single-family existing homes in December was $226,000, up 9.2 percent from the previous year. “Florida’s markets for existing homes closed out the year in December with a performance very much in line with what we saw over the previous 11 months of 2016,” said Florida Realtors® Chief Economist Brad O’Connor. “At the local level, single family home sales increased in 15 of Florida’s 22 metro areas, while condo and townhouse sales rose in only five of these markets. And, as has been the case all year, the lack of significant sales growth in much of the state has had a lot more to do with a shortfall of supply in key price tiers than with demand.” Inventory dipped to a 3.9-months’ supply in December for single-family homes and was at a 6-months’ supply for townhouse-condo properties.
USA: 2016 SALES BEST SINCE 2006
Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels. Lawrence Yun, NAR chief economist, says the housing market’s best year since the Great Recession ended on a healthy but somewhat softer note. “Solid job creation throughout 2016 and exceptionally low mortgage rates translated into a good year for the housing market,” he said. “However, higher mortgage rates and home prices combined with record low inventory levels stunted sales in much of the country in December. Given current population and economic growth trends, housing starts should be in the range of 1.5 million to 1.6 million completions and not stuck at recessionary levels.”
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
EMPLOYEE SPOTLIGHT: Elke Kauder, Director of Community Activities at Bonita Bay Community Association
“I have a bachelor’s degree in Hotel Management and Business Management. My background is mainly Food & Beverage and Sales & Catering. Prior to joining Bonita Bay, I worked as Banquet Manager and Senior Special Events Manager for the Ritz-Carlton Hotel company for over nine years. Prior to the Ritz Carlton, I held numerous hospitality positions in locations all over the world: Germany, Africa and Scotland.”
— Elke Kauder —
Find out more about Elke 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.
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Bonita February Events Calendar
Speakers Assembly of Southwest Florida
February 10 – 11a.m. with Warren McFarlan, Professor Harvard Business School, “Can China Lead? Reaching the Limits of Power and Growth.”
All events are held at Hyatt Regency Coconut Point and Quail West Country Club, with networking followed by the presentation, lunch and Q&A. For more information, please call(239) 948-7909 or visit www.speakersassembly.com.
Bonita Historical Society
February 3 – WWII American Red Cross Girl
All events are held at the Lions Club, 10322 Pennsylvania Avenue, Bonita Springs. For more information visit www.bonitaspringshistoricalsociety.org.
Southwest Florida Pancreatic Cancer Research Walk
February 18 – Southwestern State College in Fort Myers. Pre-Registration Fee $50. Walk-In Registration Fee $60. Registration 8:30 am | Walk starts at 10:00 am
Bonita Bay Veterans Council
February 27 – “Proud to be an American” Second Annual Dinner Dance and Auction at Bonita Bay Club. Featuring a live and silent auction. For more information about the fundraiser or to contribute an auction item, please call Nick Romano at: (239) 390-9817. Reservations can be made
by calling Bonita Bay Club concierge at (239) 495-0200.
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.