03 Jan Bonita Bay Real Estate News | January 2017
As of January 1, 2017, there are 105 active listings in MLS in Bonita Bay, 6 less than last month. There are 44 single-family homes ranging in price from $500,000 to $4,475,000. The average list price is $1,592,923 and the average days on the market is 139. The combined days on the market is 202. In the carriage, mid-rise, townhouse, and attached villa market, there are 42 active listings in Bonita Bay. Prices range from $189,900 to $695,000. The average list price is $416,724. The average of days on the market is 103. The combined days on the market is 168. In the high-rise market, there are 19 active listings in Bonita Bay ranging in price from $929,000 to $2,599,000. The average list price is $1,714,947 and the average days on the market is 192. The combined days on the market is 201.
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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 $672,446; these condos were on the market an average of 82 days; combined days on the market is 150.
- During the 12 months previous, there were 113 sales with an average sales price of condominiums was $667,692; these homes were on the market for 68 days; combined days on the market is 135.
- During the last 12 months, there were 72 sales with an average sales price of $1,112,750; these homes were on the market an average of 93 days; combined days on the market is 192.
- During the 12 months previous, there were 76 sales with an average sales price of $1,080,675; these homes were on the market for an average of 64 days; combined days on the market is 148.
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REAL ESTATE MARKET REPORT: OPTIMISM FOR 2017
“During 2016, we faced some interesting market challenges,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty. “Even so, we ended the year with over 2,800 closed transactional sides and with a closed sales volume of approximately $1.45 billion. We’re optimistic going into the new year. We had 179 agents join us in 2016, and the company has a listing inventory of over 1,000 properties. Overall, we see 2017 emerging as a solid year for real estate.”
In comparing the month of November 2016 to the month of November 2015, closed sales increased by 3 percent, pending sales increased by 30 percent and the median price increased by 5 percent. “November’s increase in closed and pending sales indicates buyers are ready to move on the properties they want,” said Jerry Murphy, Managing Broker of Downing-Frye’s Bonita Springs office. “Buyers know that homes in Bonita Springs and Estero are value-priced and this is where they want to be. Buyers will continue to purchase homes that are priced to market.”In comparing the 12 months ending November 2016 with the 12 months ending November 2015, closed sales units decreased by 11 percent, pending sales decreased by 8 percent and the median closed sales price went up by 3 percent. As of November 2016, there are 1,572 active listings for a 6-month supply.
November was a busy month for Florida’s housing market with more sales, more new listings, rising median prices and fewer all-cash transactions. Single-family home sales totaled 19,763, up 12.8 percent from November 2015, while townhouse-condo sales totaled 7,794, up 4.1 percent compared to a year ago.The statewide median sales price for single-family existing homes last month was $220,000, up 10 percent from the previous year, and for townhouse-condo properties was $162,000, up 8 percent over the year-ago figure. Inventory dipped to a 4.1-months’ supply in November for single-family homes and was at a 6.1-months’ supply for townhouse-condo properties.USA: SALES FORGE AHEAD
Lawrence Yun, NAR chief economist, says it’s been an outstanding three-month stretch for the housing market as 2016 nears the finish line. “The healthiest job market since the Great Recession and the anticipation of some buyers to close on a home before mortgage rates accurately rose from their historically low level have combined to drive sales higher in recent months,” he said. “Furthermore, it’s no coincidence that home shoppers in the Northeast – where price growth has been tame all year – had the most success last month.”The median existing-home price for all housing types in November was $234,900, up 6.8 percent from November 2015 ($220,000). November’s price increase marks the 57th consecutive month of year-over-year gains. Total housing inventory at the end of November dropped 8.0 percent to 1.85 million existing homes available for sale, and is now 9.3 percent lower than a year ago (2.04 million) and has fallen year-over-year for 18 straight months. Unsold inventory is at a 4-month supply at the current sales pace, which is down from 4.3 months in October.”Existing housing supply at the beginning of the year was inadequate and is now even worse heading into 2017,” added Yun. “Rental units are also seeing this shortage. As a result, both home prices and rents continue to far outstrip incomes in much of the country.”
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
EMPLOYEE SPOTLIGHT: Celia Seifert, Director of Community Services at Bonita Bay Community Association
“I have been working for Bonita Bay for over four years. I attended the University of Miami where I took courses in psychology, business and finance. My career really evolved through the many years of experience working for international financial institutions and international corporations in both Miami and New York. I guess my pivotal moment was when I was promoted to the position of Director of Community Services for Bonita Bay which further enabled me to put into practice all of my previous knowledge and experience into a job that I already loved.” — Celia Seifert —
Find out more about Celia 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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Bobcat Captured in Bonita Bay … on Film
Bonita Bay Club Awarded the 5-star “Platinum Clubs of America”
The “Platinum Club” represents the Top 5% of all private clubs in the nation. Of the 4000+ private country clubs in the US today, only 150 are assigned the Platinum Club designation. For more info, visit bonitabayclub.net
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.