01 Mar Bonita Bay Real Estate News | March 2017
As of March 1, 2017, there are 121 active listings in MLS in Bonita Bay, 4 less than last month. There are 43 single-family homes ranging in price from $519,000 to $4,475,000. The average list price is $1,475,591 and the average days on the market is 136. The combined days on the market is 175. In the carriage, mid-rise, townhouse, and attached villa market, there are 48 active listings in Bonita Bay. Prices range from $159,900 to $615,000. The average list price is $390,685. The average of days on the market is 112. The combined days on the market is 149. In the high-rise market, there are 30 active listings in Bonita Bay ranging in price from $425,000 to $2,750,000. The average list price is $1,546,493 and the average days on the market is 137. The combined days on the market is 144.
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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:
BONITA BAY CARRIAGE, MID-RISE, TOWNHOUSE AND ATTACHED VILLA HOMES
- Within the last 12 months, there were 78 sales with an average sales price of $389,422; these condos were on the market an average of 69 days; combined days on the market is139.
- During the 12 months previous, there were 76 sales with an average sales price of condominiums was $392,720; these homes were on the market for 40 days; combined days on the market is 98.
BONITA BAY HIGH-RISES
- Within the last 12 months, there were 30 sales with an average sales price of $1,264,420; these condos were on the market an average of 134 days; combined days on the market is208.
- During the 12 months previous, there were 30 sales with an average sales price of$1,377,200; these condos were on the market an average of 129 days; combined days on the market is 222.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 73 sales with an average sales price of $1,070,270;these homes were on the market an average of 102 days; combined days on the market is201.
- During the 12 months previous, there were 78 sales with an average sales price of$1,113,291; these homes were on the market for an average of 72 days; combined days on the market is 154.
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MARCH MARKET UPDATE
INVENTORY OF WELL-PRICED OPPORTUNITIES
“Downing-Frye went into the new year with a strong inventory of over 1,300 listings,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty. “2017 is looking very good so far. Our total number of January pending sales contracts was up 12 percent over January 2016. The pending sales volume was up 36 percent and closed sales transactional sides were up 26 percent over last January.”
BONITA /ESTERO: BUYER OPPORTUNITES AS PRICES DROP
January 2017 showed over 1,500 homes with price decreases in the entire Southwest Florida real estate market, including Bonita Springs and Estero. Additionally, inventory is rising quicker than homes are going pending in all price points, which also supports driving the market in favor of buyers. The number of overall closed sales, including single-family homes and condos, for 12-month ending January 2017 was 2,871 units as compared to 3,148 units for 12-month ending January 2016, a 9 percent decrease. Pending sales for January 2017 decreased by 2 percent with 3,008 units versus 3,057 units compared to January 2016. The days-on-market was 97 days, which was an increase of 47 percent from 66 days in January 2016. As of January 31, 2017, there were 1,475 units of inventory for single family homes and condominiums, and the current months of inventory stands at 5 months.
FLORIDA: HOUSING MARKET EXPANDS
Florida’s housing market reported more closed sales, higher median prices, increased pending sales and more new listings in January. Home sellers continued to get more of their original asking price at the closing table in January: 95.6 percent for existing single-family homes and 94.6 percent for townhouse-condo properties. The statewide median sales price for single-family existing homes last month was $220,000, up 10.1 percent from the previous year, and for townhouse-condo properties in January was $161,000, up 6.6 percent over the year-ago figure. Inventory dipped to a 4.2-months’ supply in January for single-family homes and was at a 6.4-months’ supply for townhouse-condo properties. “Florida’s markets for existing homes are off to a good start in 2017,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “New listings of single-family homes were up in January compared to last year, including in the $150,000 to $250,000 range where inventory is sorely needed throughout the state.”
USA: 2017 SALES OFF TO A FAST START
Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade. The median existing-home price for all housing types in January was $228,900, up 7.1 percent from January 2016 ($213,700). Total housing inventory at the end of January rose 2.4 percent to 1.69 million existing homes available for sale, but is still 7.1 percent lower than a year ago. Properties typically stayed on the market for 50 days in January, down from 52 days in December and considerably more a year ago (64 days). NAR’s 2016 Profile of Home Buyers and Sellers – released in late 2016 – revealed that the annual share of first-time buyers was 35 percent. All-cash sales were 23 percent of transactions in January, up from 21 percent in December but down from 26 percent a year ago. Distressed sales – foreclosures and short sales – were 7 percent of sales in January, unchanged from December and down from 9 percent a year ago.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
EMPLOYEE SPOTLIGHT: Bonita Bay Community Association Beach Park Manager Sandy Meyers
“I moved to Bonita Springs 26 years ago and thought, “I’m going to work at Bonita Bay one day” – I have worked at Bonita Bay for 20 years now; it’s a dream come true.The pivotal moment for me was when I was promoted to Beach Park Manager. I began at Bonita Bay in the Grounds Maintenance department as a secretary, then became an Administration Assistant for the Association, and was promoted to Beach Park Manager in 1999..”
Find out more about Sandy 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 March Events Calendar
TENNIS (come to play or come to watch)
Pro Mixed Doubles Series & Grand Slam!
“Tennis Under the Stars”
Time: 3:30 p.m. Member Tennis
5:30 p.m. Drinks
6:00 p.m. Pro Match & Dinner
Week #2: March 2
Week #3: March 9
Week #4: March 16
Week #5: (Semis) March 23
Week #6: (Semis) March 30
Divorce on the Course! | March 23 | Creekside | 1 p.m. Shotgun
Men’s Club Championship | March 30 |Sabal | 8:30 a.m. Tee Times | Champ. Flight Only
Men’s Club Championship | March 31 |Sabal | 8:30 a.m. Tee Times | All Flights
Women’s Night Out
Death By Chocolate | Monday, March 6 | 5:00 p.m.
Casual Dinner Buffet & Trivia | Monday, March 13 | 6:00 -9 p.m.
St. Patrick’s Day
POETS-Themed Irish Buffet with Music | Friday, March 17 | 6:00 – 8 p.m.
After Eagles Concert
Cocktails & Buffet Dinner | Saturday, March 25 | 6:30 p.m.
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.