Bonita Bay Real Estate News | October 2017

* Ways to Appeal to Next-Gen Buyers Infographic

Bonita Bay Real Estate News | October 2017

As of October 1, 2017, there are 86 active listings in MLS in Bonita Bay; 3 less than last month. There are 25 single-family homes ranging in price from $427,000 to $4,550,000. The average list price is $1,295,538 and the average days on the market is 191. The combined days on the market is 241. In the carriage, mid-rise, townhouse, and attached villa market, there are 31 active listings in Bonita Bay. Prices range from $159,000 to $565,000. The average list price is $371,510. The average of days on the market is 170. The combined days on the market is 280. 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 $1,535,667 and the average days on the market is 250. The combined days on the market is 255.

 

Whether you are buying or selling, if you are looking for REALTOR® representation, think of me.

 

Your Bonita Bay REALTOR®,
Ed Gongola

 

 

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 75 sales with an average sales price of$375,167; these condos were on the market an average of 78 days; combined days on the market is 141.
  • During the 12 months previous, there were 82 sales with an  average sales price of condominiums was $402,442; these homes were on the market for 54 days; combined days on the market is 121.

 

BONITA BAY HIGH-RISES
  • During the last 12 months, there were 25 sales with an average sales price of $1,351,714; these homes were on the market an average of 159 days; combined days on the market is 239.
  • During the 12 months previous, there were 31 sales with an average sales price of $1,472,387; these homes were on the market for an average of 122 days; combined days on the market is 225.

 

SINGLE-FAMILY BONITA BAY HOMES

  • During the last 12 months, there were 75 sales with an average sales price of $1,212,105; these homes were on the market an average of 110 days; combined days on the market is 211.
  • During the 12 months previous, there were 70 sales with an average sales price of $1,071,060; these homes were on the market for an average of 93 days; combined days on the market is 193.

 


For a list of BONITA BAY homes sold in the last 12 months, click here.
For a list of BONITA BAY homes that are pending at the moment, click here.

Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.

 

 

 

unnamedSEPTEMBER MARKET UPDATE

SALES GOOD – INVENTORY GOOD

“We hit two milestones in August,” said Mike Hughes, General Manager for Downing-FryeRealty, Inc. “We now have over 2,000 closings for the year, and we hit the one billion dollar mark in closed sales volume. While it has been a bit challenging this year, we are carving out another solid year for sales. We should close 2017 with over 3,000 closings. One key is our solid listing inventory of over 1,000 available properties. We continue to carry one of the largest listing inventories in Southwest Florida.”

BONITA /ESTERO: MORE SALES THAN LAST YEAR  
Pending units have increased overall by 10 percent in the 12-month ending July 2017 vs. July 2016. “The 12-month year over year increase in pending units is most likely due to the number of price decreases we saw in July 2017,” stated Jerry Murphy, Managing Broker, Downing-Frye. “Those price decreases are now producing offers.” In July 2017, there were 260 price reductions in the Bonita Springs and Estero markets. For the 12 months ending July 2017 there were 3,118 pending sales, 3,086 closed sales and an inventory of 1,440 units, representing a 6.8 month supply. The median closed sales price was $295,000.


FLORIDA:  HOT WEATHER – HOT SALES

Just like the weather, Florida’s housing market was hot in July with more closed sales, higher median prices, increased pending sales and more new listings. The statewide median sales price for single-family existing homes in July was $240,000, up 7.1 percent from the previous year, and the statewide median price for townhouse-condo properties was $170,950, up 6.8 percent over the year-ago figure. The statewide closed sales of townhouse-condos totaled 9,246 in July, up 3.6 percent compared to July 2016. Closed sales data reflected fewer short sales and foreclosures last month: Short sales for townhouse-condo properties declined 39.7 percent and foreclosures fell 47.7 percent year-to-year; short sales for single-family homes dropped 40.2 percent and foreclosures fell 44.2 percent year-to-year. Inventory remained tight in July with a 3.9-months’ supply for single-family homes and a 5.6-months’ supply for townhouse-condo properties.


USA: EXISTING HOME SALES SLIDE A BIT

Lawrence Yun, NAR chief economist, says the second half of the year got off on a somewhat sour note as existing sales in July inched backward. “Buyer interest in most of the country has held up strongly this summer and homes are selling fast, but the negative effect of not enough inventory to choose from and its pressure on overall affordability put the brakes on what should’ve been a higher sales pace,” he said. “Contract activity has mostly trended downward since February and ultimately put a large dent on closings last month.” The median existing-home price for all housing types in July was $258,300, up 6.2 percent from July 2016 ($243,200). July’s price increase marks the 65th straight month of year-over-year gains.

 

Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.

 

 

Seaglass at Bonita Bay

 

 

Coveted End Units Available At Ronto’s Seaglass High-Rise

As construction continues to progress on schedule for completion and occupancy next summer, the award-winning Ronto Group announced a choice selection of the coveted 01 and 06 end unit residences remains available at the 26-floor, 120-unit Seaglass high-rise tower being built by Ronto within the Bonita Bay community. Seaglass is situated just 600 feet from Estero Bay, making it one of the closest to the water’s edge of the high-rises currently under construction on Southwest Florida’s Gulf coast. Seaglass offers brand new, fully-completed, and ready-for-occupancy residences with designer-selected premium finishes, including flooring, paint, and trim. The space sequences and components found in the kitchens and master baths of the residences will reflect the contemporary flair found in the architectural style of the building. Each residence comes with two protected access under-building parking spaces. Private enclosed two-car garages are available. Ronto has processed sales contracts worth nearly $135 million at Seaglass and the building is now more than 60% sold.

The outdoor spaces in the Seaglass tower residences merge the indoor and outdoor living experience while providing spectacular sunset views. An increasingly limited selection of the 01 and 06 end unit tower residences is available for purchase, including south and north facing residences. The spacious, thoughtfully designed 01 and 06 tower residence floor plans offer 3,421 square feet under air. Units 01 and 06 on level three feature an astounding total of 1,460 square feet of terrace space. The 301 and 306 extended terraces will be wrapped by planters and include curved walls, pavered decking material, a trellis that will provide a shaded seating area, and a gas grill. Residence 301 is priced at $1,510,00 unfurnished. The 306-residence will be one of three furnished models at Seaglass that are expected to be completed by fourth quarter of this year. The 306-model will feature an interior designed by Renee Gaddis, NCIDQ, ASID, GREEN AP, President and Principal Designer at Renee Gaddis Interiors and is priced at $1,825,000 with furnishings.

Four additional unfurnished end unit residences with 525 square feet of outdoor covered terrace space are also available, including residences 401 and 406 priced at $1,535,000; residence 606 offered at $1,720,000; and residence 1506 priced at $2,185,000. From the great room, pocketing sliders will open to a wide terrace where the owners will enjoy the amazing views and a fabulous al fresco Florida lifestyle. This generous space will accommodate a grill zone with a large dining table and chairs for six people as well as a conversation lounge area.

The 01 and 06 residences showcase the light-filled open concept floor plans that are a Seaglass hallmark. The great room plans include three bedrooms plus a den or fourth bedroom, three-and-a-half baths, a large island kitchen and dining area, and a private elevator lobby. From the elevator, a spacious private lobby will provide a grand note of welcome. Double doors will open to the home’s foyer that serves as a gateway to the sweeping expanse of the kitchen, dining room, and great room. The kitchen will present a fresh clean aura and include a large island. The dining area between the kitchen and the great room will comfortably accommodate a dining table with seating for eight. Past the kitchen, a hallway will lead to the den and two guest suites. The den can function as a second gathering area and provide a lounging retreat space for cozy relaxation and television viewing. The two spacious guest suites will each feature a private bathroom and offer a private terrace. Optional features in the great room include a linear fireplace and a dry bar. A short hallway will lead from the great room to the lavish owner’s suite where the home’s restful ambiance will continue. Sliding glass doors will open to the terrace. A hallway past two generous walk-in closets will lead to the spacious owner’s bathroom. The bathroom will include an impressive shower, free-standing tub and ample space for a dressing ottoman.

Interior tower residences are also available at Seaglass. Three luxurious Seaglass tower residence great room floor plans beginning at 2,889 square feet under air are priced from just over $1 million. The spacious tower residences will include dual private elevator grand foyers, large island kitchens, three bedrooms and three-and-a-half baths, or three bedrooms plus a den or fourth bedroom and three-and-a-half baths, walk-in closets in the owner’s suite, and sliders opening to multiple outdoor spaces that include a gas grill. Ten-foot ceiling heights are included per plan. Just one residence remains available on floors eight, ten, and 19 and two residences are available for purchase on floors seven, nine, 11, 15, 20, 21, and 22.

As evidenced by the exceptional sales volume processed to date, luxury homebuyers continue to be attracted to the unique value afforded by the Seaglass tower. Whether at the building itself, or by simply enjoying recreational possibilities available throughout the Bonita Bay community, residents at Seaglass will enjoy an amenity rich lifestyle. The Seaglass tower’s second floor will include a news café and connect to a spectacular, award-winning amenity complex previously designed by architect Santiesteban & Associates. An expansive array of amenities already in place includes a theater, guest suites, card and club rooms, a fully-equipped fitness facility that features men’s and women’s spas with steam and massage rooms, a large resort-style walk-in pool and spa, and a deck with a covered and screened cabana that includes a bar and grill.

With full golf and sports membership opportunities available, Seaglass residents will also have access to the amenities available through the Bonita Bay Club. Recognized as one of the ten healthiest clubs in America by Prevo Health Solutions, Bonita Bay’s amenities range from a completed 60,000 square feet Lifestyle Center, to five championship golf courses, expanded tennis facilities, a full-service marina, numerous dining venues, a residents only private beach park, and a network of on-property hiking and biking trails. The prestigious America’s Healthiest Clubs award presented by Prevo Health Solutions is conveyed only to private clubs focused on the cultivation of a healthy environment and lifestyle for its members and staff. The new Lifestyle Center contributed to the Bonita Bay Club being named recipient of the award. The three-story Lifestyle Center includes a nearly 20,000 square feet world-class Fitness Center, a 9,000 square feet spa and salon, and the WAVE Café that serves healthy fast food, freshly made organic juices, and smoothies that can be enjoyed on-site or prepared to go.

In addition to the Seaglass tower, The Ronto Group is developing Naples Square in downtown Naples, the TwinEagles gated golf course community, and Orange Blossom. A new project located on Central Avenue in downtown Naples is in development.

 

Source: Seaglass at Bonita Bay

Contact me to schedule your private visit to The Seaglass: 239.770.0561.

 

 

 

 

 

 

 

Broker's Corner

 

A Word from Downing-Frye Broker & General Manager Mike Hughes: The Real Estate Market After Hurricane Irma

 

Since we returned to the office after IRMA, we have had twenty-three pending sales contracts turned in for the first three days. Last September for the same period, we had twenty-nine pending sales contracts turned in to our accounting department. Not much of a drop off. Ad Miller, a realtor who was an icon back in the sixties and seventies, used to say that Bonita sells itself. Ad was right. I would go a step further and say that Southwest Florida sells itself. Don’t let the hurricane get you down when it comes to real estate. It is amazing to me how well this area overall weathered the storm. As I look out my office window, you would not know that a hurricane was here roughly two weeks ago. Once again, Downing-Frye is leading the way.

 

 

 

 

Bonita Bay OCTOBER Events Calendar

TENNIS
Oct.. 26 | There Is No Place Like Home! | 4:30 pm

GOLF
Oct. 27 & 28 | Men’s Fall Member-Member | 9:00 am

DINING & SOCIAL
Oct. 10 | Women’s Alliance
Oct. 12 | Trivia Night
Oct. 24 | Wine Dinner | 6:30 pm

FITNESS
Oct. 23 | Differential Dementia Diagnosis: Defining the Facts to Memory Loss | 11:15 am
Oct. 23 | Balance for Golf “Hold Your Shot” | 3:00 pm
Oct. 25 | Project Zero Kickoff/Know Your Numbers | 11:15 am
Oct. 30 | Integrative Approach to Sport Performance | 11:15 am
Oct. 30 | Yoga for Golf | 4:00 pm

 

 

 

 

8 Ways to Appeal to Next-Gen Buyers

* Ways to Appeal to Next-Gen Buyers Infographic

 

 

 

Official Bonita Bay Club Brochure

unnamed (2)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.