01 Feb Bonita Bay Real Estate News | February 2018
As of February 1, 2018, there are 137 active listings in MLS in Bonita Bay; 24 more than last month. There are 42 single-family homes ranging in price from $427,000 to $4,750,000. The average list price is $1,449,757 and the average days on the market is 117. The combined days on the market is 154. In the carriage, mid-rise, townhouse, and attached villa market, there are 48 active listings in Bonita Bay. Prices range from $159,000 to $750,000. The average list price is $400,916. The average of days on the market is 124. The combined days on the market is 213. In the high-rise market, there are 47 active listings in Bonita Bay ranging in price from $499,000 to $2,749,000. The average list price is $1,557,719 and the average days on the market is 174. The combined days on the market is 214.
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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 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 25 sales with an average sales price of $1,363,290; these homes were on the market an average of 136 days; combined days on the market is 223.
- During the 12 months previous, there were 32 sales with an average sales price of$1,244,925; these homes were on the market for an average of 139 days; combined days on the market is 211.
SINGLE-FAMILY BONITA BAY HOMES
- 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.
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FEBRUARY MARKET UPDATE
“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.”
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
Bonita Bay Fall 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 p.m.
with live music and themed buffet
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.
NFL Ticket shown on Sundays for the
1:00 p.m. games.
(Women are invited to attend beginning at noon)
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: A Big “Wow“
We are off to a tremendous start this year! This January, we had 328 pending sales contracts turned in to our Accounting department. This represents a 34% increase in pending sales for this January compared with last January. Let’s take a look at our pending sales for the last three Januarys: January 2018 – 328 contracts – $155 million in pending sales volume; January 2017 – 244 contracts – $139 million in pending sales volume; and, January 2016 – 218 contracts – $101 million in pending sales contracts. Wow!
Visiting Chef Dinner
A Tale of Two Cities
Monday, January 22
6:30 p.m. Cocktails
7:00 p.m. Dinner
$150.00 per person (includes wine pairings)
Join us as Executive Chef Richard Brumm invites Certified Master Chef Kevin Walker into his kitchen for collaborative culinary experience sure to delight.
Bonita Bay FEBRUARY Events Calendar
Feb. 12 | I Will Survive | 5:00 p.m. – Tennis | 6:45 p.m. – Dinner
Feb. 21 | Grand Slam | 4:00 p.m.
Feb. 26 | Mixed Doubles Club Championship Deadline
Feb. 27 | Women’s Night Out | 5:30 pm
Feb. 2 | Women’s Nine Hole Invitational | 9:30 a.m.
Feb. 8 | Men’s Lou Graham Cup Member-Member | Creekside | 8:30 a.m. & 1:15 p.m. Starts
Feb. 9 | Men’s Lou Graham Cup Member-Member | Marsh | 8:30 a.m. & 1:15 p.m. Starts
Feb. 10 | Men’s Lou Graham Cup Member-Member | Cypress & Sabal | 9:00 a.m. Shotgun
Feb. 13 | The Slipper | Marsh | 8:30 a.m. & 1:15 p.m. Shotguns
Feb. 15 | The Slipper | Marsh | 8:30 a.m. & 1:15 p.m. Shotguns
Feb. 17 | Mixed Invitational | All Courses | All Day Tee Times | Practice Rounds
Feb. 18 | Mixed Invitational |Bay Island & Marsh | 12:45 p.m. Shotgun
Feb. 19 | Mixed Invitational | Bay Island & Marsh | 9:00 a.m.
Feb. 26 | Men’s February Member-Guest | Bay Island | 9:00 a.m. Shotgun
Feb. 28 |The Invitational (Women’s) | All Courses | Tee Times all Day | Practice Rounds
Feb. 2 | POETS Night – Italian “Billy Dean & Dawn” | 6:00 – 11:00 pm
Feb. 9 | POETS Night – Seafood “Hot Topic” | 6:00 – 11:00 pm Feb. 12 |Trivia Night | 6:00 pm
Feb. 14 | Valentine’s Day Dance | 6:00 p.m. Reception in Clubroom | 7:00 p.m. Dinner
in Ballroom | $68.00 per person | Upscale Club Attire
Feb. 16 | POETS Night – Turkey “Robert Williamson Duo” | 6:00 – 11:00 pm
Feb. 17 | Woodstock: Crosby, Stills & Nash Tribute Band | 6:00 pm
Feb. 5 | Lose to Win Kickoff- 8 week weight loss program begins (ends March 26) | 11:15 am
Feb. 5 | All Around Fitness for Golf | 3:00 pm
Feb. 7 | Is Stress Sabotaging Your Wellness? | 11:15 am
Feb. 7 | Tai Chi for Beginners Workshop | 2:00 pm
Feb. 7 | Tai Chi Workshop | 3:00 pm
Feb. 14 | A-Fib Lecture | 11:15 am
Feb. 14 | Tai Chi for Beginners Workshop | 2:00 pm
Feb. 14 | Tai Chi Workshop | 3:00 pm
Feb. 19 | All Around Fitness for Golf | 3:00 pm
Feb. 21 | Meal Planning | 11:15 am
Feb. 21 | Tai Chi for Beginners Workshop | 2:00 pm
Feb. 21 | Tai Chi Workshop| 3:00 pm
Feb. 21 | Core Performance for Sports | 4:00 pm
Feb. 26 | Lifestyle to a Better Brain & Memory Screenings with Angel Duncan
| 11:15 am
Feb. 28 | Tai Chi for Beginners Workshop | 2:00 pm
Feb. 28 | Tai Chi Workshop| 3:00 pm
Feb. 28 | Core Performance for Sports | 4:00 pm
December Housing Snapshot.
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.