02 Jan Bonita Bay Real Estate News | January 2018
As of January 1, 2018, there are 113 active listings in MLS in Bonita Bay; 10 more than last month. There are 33 single-family homes ranging in price from $399,900 to $4,750,000. The average list price is $1,363,882 and the average days on the market is 156. The combined days on the market is 198. In the carriage, mid-rise, townhouse, and attached villa market, there are 43 active listings in Bonita Bay. Prices range from $159,000 to $750,000. The average list price is $403,937. The average of days on the market is 141. The combined days on the market is 242. In the high-rise market, there are 37 active listings in Bonita Bay ranging in price from $499,000 to $2,750,000. The average list price is $1,504,646 and the average days on the market is 207. The combined days on the market is 220.
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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 68 sales with an average sales price of$376,223; these condos were on the market an average of 82 days; combined days on the market is 152.
- During the 12 months previous, there were 78 sales with an average sales price of condominiums was $392,101; these homes were on the market for 60 days; combined days on the market is 124.
- During the last 12 months, there were 25 sales with an average sales price of $1,357,910; these homes were on the market an average of 146 days; combined days on the market is 224.
- During the 12 months previous, there were 33 sales with an average sales price of $1,335,079; these homes were on the market for an average of 132 days; combined days on the market is 211.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 71 sales with an average sales price of $1,129,972; these homes were on the market an average of 116 days; combineddays on the market is 213.
- During the 12 months previous, there were 72 sales with an average sales price of $1,112,750; these homes were on the market for an average of 93 days; combined days on the market is 192.
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JANUARY MARKET UPDATE
“2017 was unusual to say the least,” said Mike Hughes, General Manager for Downing- Frye Realty, Inc. “We had multiple challenges from Mother Nature including a direct hit from Hurricane Irma. But despite this, our year-end sales will be very close to what we did in 2016, which is not bad considering that we largely lost a month’s business from the storm. The Downing-Frye family continued to grow as 190 agents joined us in 2017, and we were again voted Best Real Estate Office by the Naples Daily News readers. We also opened an office on Marco island and welcomed 28 Marco agents to our family.”
FLORIDA: HOMES PRICES CONTINUE TO RISE
Florida’s housing market continued its positive track in November, with more closed sales, more new listings, more pending sales and rising median prices. Sales of single-family homes statewide totaled 19,990 in November, up 1.3 percent compared to November 2016. Looking at Florida’s condo/townhouse market, statewide closed sales totaled 8,235 in November, up 5.8 percent compared to November 2016. The statewide median sales price for single-family existing homes was $240,000, up 9.1 percent from the previous year, and for condos was $176,000, up 8.6 percent. November’s for-sale inventory remained tight with a 3.8-months’ supply for single-family homes and a 5.7-months’ supply for condo-townhouse properties.
USA: HOMES-SALES SURGE
Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years. Lawrence Yun, NAR chief economist, says home sales in most of the country expanded at a tremendous clip in November. “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end, as evidenced by a subdued level of first-time buyers and increased share of cash buyers. Move-up buyers with considerable down payments and those with cash made up the bulk of the sales activity in November. Inventory conditions continue to be markedly better at the upper end of the market.”
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 “Thank You”
As 2017 came to a close, I always tend to reflect on the past year. It was an unusual year to say the least. We had one of the largest fires ever to hit Collier County. Lee County had their share of fires as well. Many of your fellow Realtors were in harm’s way with the fires that took place in our counties. Pretty scary experience. Following the fires, Marco Island and Naples took a direct hit from Hurricane Irma. Bonita took a strong hit as well. Irma was a strong, Category-5 hurricane a week before it hit us. We all saw what Hurricane Sandy did to the Northeast as a Category-1 storm. Irma hit us as a Category-3 storm. The ensuing week, we dealt with long gas lines, no power and closed offices. The fourth quarter of real estate was weighed down by the recovery from the storm. Despite our challenges from mother nature, our year-end sales will be very close to what we did in the previous year. That isn’t bad because for all practical purposes, we had an eleven-month year in 2017 as we largely lost a month due to the hurricane. The Downing-Frye family continued to grow as 190 agents joined us in 2017. Once again, we were voted “Best Real Estate Office” by the Naples Daily News readers. In the first part of the year, we opened an office on Marco Island and welcomed 28 Marco agents to the Downing-Frye family. I am very proud of this company and continue to enjoy the many friendships that I have made over the years. Downing-Frye has a big heart. “Yes Virginia, there is a Santa Claus. He is in the hearts and souls of the Downing-Frye family.”
Video Coverage: Bonita Bay Club and Hurricane Irma 2017
Check out the Bonita Bay Club, Community and Staff working hard to get everything up-and-running post Hurricane Irma. Click here for the YouTube video.
Bonita Bay JANUARY Events Calendar
Dec. 22 | POETS Night Turkey – “Robert Williamson Duo” | 6:00 pm
8 Factors that enhance a homes value.
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.