02 Mar Bonita Bay Real Estate News | March 2018
As of March 1, 2018, there are 138 active listings in MLS in Bonita Bay; 1 more than last month. There are 38 single-family homes ranging in price from $427,000 to $7,500,000. The average list price is $1,494,808 and the average days on the market is 121. The combined days on the market is 154. In the carriage, mid-rise, townhouse, and attached villa market, there are 52 active listings in Bonita Bay. Prices range from $159,000 to $649,000. The average list price is $407,012. The average of days on the market is 104. The combined days on the market is 178. In the high-rise market, there are 48 active listings in Bonita Bay ranging in price from $499,000 to $2,749,000. The average list price is $1,573,048 and the average days on the market is 188. The combined days on the market is 228.
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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 75 sales with an average sales price of$382,224; these condos were on the market an average of 83 days; combined days on the market is 153.
- During the 12 months previous, there were 78 sales with an average sales price of condominiums was $389,422; these homes were on the market for 69 days; combined days on the market is 139.
- During the last 12 months, there were 28 sales with an average sales price of $1,364,188; these homes were on the market an average of 140 days; combined days on the market is 222.
- During the 12 months previous, there were 30 sales with an average sales price of $1,262,420; these homes were on the market for an average of 134 days; combined days on the market is 208.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 71 sales with an average sales price of $1,119,791; these homes were on the market an average of 96 days; combineddays on the market is 194.
- During the 12 months previous, there were 73 sales with an average sales price of $1,070,270; these homes were on the market for an average of 102 days;combined days on the market is 201.
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MARCH MARKET UPDATE
“The hottest segment of our market right now is the $250-500,000 price range,” said Mike Hughes, General Manager for Downing-Frye Realty, Inc. “Our pending sales since the beginning of the year are 21 percent higher than last year – and 42 percent of that activity has been in this price range. Only three years ago, 70 percent of buyers were paying with all cash, and today that number is down to half, indicating that there are more end users these days rather than investors. That speaks well about the continued desirability of living here.”
FLORIDA: ONGOING SHORTAGE OF HOUSING
Sales of single-family homes statewide totaled 16,564 in January, down 1.3 percent compared to January 2017; and for the condo-townhouse market, statewide closed sales totaled 7,634, up 5.9 percent. The statewide median sales price for single-family existing homes was $240,000, up 9.1 percent from the previous year, and for condo-townhouse properties was $179,900, up 11.7 percent. “Florida Realtors’ data shows sales of existing single-family homes in Florida were off to a slow start in the first month of 2018,” said FAR’s Chief Economist Dr. Brad O’Connor. “Lately, condo and townhouse sales growth has been outpacing that of single-family homes, and the reason is that the picture for condos and townhouses has been much more balanced. The single-family home market, by contrast, continues to be held back by inadequate levels of new construction.”
USA: PENDING SALES COOL IN JANUARY
Pending home sales cooled considerably in January to their lowest level in over three years. The number of available listings at the end of January was at an all-time low for the month and a startling 9.5 percent below a year ago. “The lower end of the market continues to feel the brunt of these supply and affordability impediments. Lawrence Yun, NAR chief economist said, “With the cost of buying a home getting more expensive and not enough inventory, some prospective buyers are either waiting until listings increase come spring or now having to delay their search entirely to save up for a larger down payment.” For 2018, Yun forecasts existing-home sales to be around 5.50 million – roughly unchanged from 2017. The national median existing-home price this year is expected to increase around 2.7 percent. In 2017, existing sales increased 1.1 percent and prices rose 5.8 percent.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
Bonita Bay Dining Schedule
Lunch Daily: 11:00 a.m. – 2:00 p.m.
Sunday Brunch: 10:30 a.m. – 2:00 p.m.
Tuesday – Thursday à la Carte Dinner: 5:30 p.m. – 8:00 p.m.
Friday – POETS Night 6:00-8:00 p.m.
with live music 10:00-11:00 p.m.
Saturday – Thursday: 11:00 a.m. – 10:00 p.m.
Friday: 11:00 a.m. – 11:00 p.m.
(Food service until 9:00 p.m. nightly)
Live Entertainment on Wednesday Nights
Daily: 11:00 a.m. – 4:00 p.m.
Monday through Friday 8:00 a.m. – 2:00 p.m.
(Food service beginning at 10:30 a.m. Daily)
BONITA BAY CLUB NAPLES
Lunch Daily 11:00 a.m. – 3:00 p.m.
A Word from Downing-Frye Broker & General Manager Mike Hughes: An Amazing February 2018
The news keeps getting better. Our closed sales volume for the first nine days of February is UP 73% over the first nine days of February 2017! The weather is great here and yet somewhat miserable up north. I anticipate that this will go down as a pretty good season for us. The February 2017 pending sales contracts (turned in to our Accounting Department ) are up 26% over last February.
Bonita Bay March Events Calendar
Mar. 5 | Road Trip to FGCU | 4:30 p.m. – Leave Bonita Bay Club
Mar. 8 | Pro Mixed Doubles #1 (Semi Finals) | 6:00 p.m.
Mar. 10 | Men’s Member-Guest and Member-Member | 11:30 a.m.
Mar. 15 | Pro Mixed Doubles #2 (Semi Finals) | 6:00 p.m.
Mar. 21 | Grand Slam | 4:00 pm
Mar. 22 | Pro Mixed Doubles – The Finals | 6:00 p.m.
Mar. 24 | Battle of the Bay – Home Game | 3:00 p.m.
Mar. 26 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old
Mar. 26 | Junior Tennis Clinics | 10:30 a.m. to 11:30 a.m. – 5 to 9 years old
Mar. 27 | Miami Open | 8:00 a.m. – Hot beverages and bagels | 9:00 p.m. – The bus leaves
Mar. 28 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old
Mar. 28 | Junior Tennis Clinics | 10:30 a.m. to 11:30 a.m. – 5 to 9 years old
Mar. 30 | Junior Tennis Clinics | 9:00 a.m. to 10:00 a.m. – 10 to 14 years old
Mar. 30 | Junior Tennis Clinics | 10:30 a.m. to 11:30 a.m. – 5 to 9 years old
Mar. 30 | Mixed Doubles Club Championships | 5:00 P.M
Mar. 1 | The Invitational (Women’s)| Bay Island & Creekside | 12:45 p.m. Shotgun |1st Round
Mar. 2 | The Invitational (Women’s) | Bay Island & Creekside | 9:00 a.m. Shotgun | Final Round
Mar. 9 | Women’s 9 Hole Member-Guest | Creekside | 9:30 a.m. Shotgun
Mar. 14 | The Classic (Men’s) | All Courses | Tee Times all Day | Practice Rounds
Mar. 15 | The Classic (Men’s) | Cypress & Sabal | 8:45 a.m. & 1:30 p.m. Shotguns | Matches 1 & 2
Mar. 16 | The Classic (Men’s) | Cypress & Sabal | 8:45 a.m. & 1:30 p.m. Shotguns | Matches 3 & 4
Mar. 17 | The Classic (Men’s) | Bay Island, Creekside, & Marsh | 9:00 a.m. Shotgun | Match 5 & 6
Mar. 22 | Divorce on the Course (Couples) | Bay Island | 1:00 p.m. Shotgun
Mar. 25 | Mixed Member-Guest (Couples)| Marsh | 1:00 p.m. Shotgun
Mar. 2 | POETS Night – Italian “Kelly & Shelly” | 6:00 – 11:00 pm
Mar. 9 | POETS Night – Sea Food “Randy & Lori” | 6:00 – 11:00 pm
Mar. 14 | Women’s Alliance
Mar. 16 | St. Patrick’s Day POETS “Hot Topic” and “Wendy Renee & Co.” | 6:00 – 11:00 pm
Mar. 20 | Heitz Wine Cellars Dinner | 6:30 pm
Mar. 23 | POETS Night – Turkey “Robert Williamson Duo” | 6:00 – 11:00 pm
Mar. 26 | Seafood Extravaganza | 6:00 – 9:00 p.m.
Mar. 30 | POETS Night – Prime Rib “Billy Dean & Dawn” | 6:00 – 11:00 pm
Mar. 5 | Don’t Eat It, Touch It, or Breath It | 11:15 am
Mar. 21 | Victory over Vertigo and Balance Screenings | 11:15 am
Mar. 26 | Nutrition for Life | 11:15 am
The Spring Home Checklist.
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.