Bonita Bay Real Estate News | February 2018

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 70 sales with an average sales price of $380,195; these condos were on the market an average of 86 days; combined days on the market is154.
  
• During the 12 months previous, there were 77 sales with an  average sales price of condominiums was $393,816; these homes were on the market for 63 days; combined days on the market is 132.

• During the last 12 months, there were 70 sales with an average sales price of $1,119,457;these homes were on the market an average of 113 days; combined days on the market is 212.
• During the 12 months previous, there were 71 sales with an average sales price of$1,082,784; these homes were on the market for an average of 88 days; combined days on the market is 185.

“Downing-Frye started off the year with a bang. Our January pending sales are over 34 percent higher than last January,” said Mike Hughes, General Manager for Downing-Frye Realty, Inc. “Although we had challenges from Mother Nature, we closed 2017 with over $1.4 Billion in sales volume and went into the new year with a strong inventory of over 1,200 listings. Our agents are optimistic about this year’s real estate market, especially in light of recent sales activity. Our winter season is in full swing.”

FLORIDA: HOMES PRICES CONTINUE TO RISE
Florida’s housing market reported more closed sales and higher median prices in December. The statewide median sales price for single-family existing homes in December was $244,185, up 8 percent from the previous year; and for condos was $180,000, up 7.8 percent from the year-ago figure. “The latest housing data shows that market activity in the final month of 2017 was remarkably normal. On a statewide basis, most of December’s housing metrics experienced similar year-over-year changes to those we saw the prior month,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “The only major exception to this is that Florida homes selling in December largely spent less time on the market compared to those which sold in December of 2016, most likely due to Hurricane Irma effectively shortening the calendar year.

USA: SUPPLY TRYING TO CATCH WITH DEMAND
Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years. Lawrence Yun, NAR chief economist, says the housing market performed remarkably well for the U.S. economy in 2017, with substantial wealth gains for homeowners and historically low distressed property sales. “Existing sales concluded the year on a softer note, but they were guided higher these last 12 months by a multi-year streak of exceptional job growth, which ignited buyer demand,” said Yun. “At the same time, market conditions were far from perfect. New listings struggled to keep up with what was sold very quickly, and buying became less affordable in a large swath of the country. These two factors ultimately muted what should have been a stronger sales pace.”

CLUBROOM
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 p.m.
with live music and themed buffet

55th HOLE
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

MEN’S GRILL
Daily: 11:00 a.m. – 4:00 p.m.
NFL Ticket shown on Sundays for the
1:00 p.m. games.
(Women are invited to attend beginning at noon)

WAVE CAFE
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.