05 Sep Bonita Bay Real Estate News | September 2016
As of September 1, 2016, there are 67 active listings in MLS in Bonita Bay, same as last month. There are 28 single-family homes ranging in price from $500,000 to $3,252,915. The average list price is $1,582,084 and the average days on the market is 144. The combined days on the market is 194. In the carriage, mid-rise, and attached villa market, there are 22 active listings in Bonita Bay. Prices range from $179,000 to $569,000. The average list price is $377,918. The average of days on the market is 108. The combined days on the market is 194. In the high-rise market, there are 16 active listings in Bonita Bay ranging in price from $695,000 to $2,749,000. The average list price is $1,579,750 and the average days on the market is 189. The combined days on the market is 189.
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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 114 sales with an average sales price of $695,155; these condos were on the market an average of 82 days; combined days on the market is 160.
- During the 12 months previous, there were 126 sales with an average sales price of condominiums was $642,911; these homes were on the market for 69 days; combined days on the market is 129.
- During the last 12 months, there were 68 sales with an average sales price of $1,073,223; these homes were on the market an average of 93 days; combined days on the market is 192.
- During the 12 months previous, there were 81 sales with an average sales price of $1,072,984; these homes were on the market for an average of 64 days; combined days on the market is 160.
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ON-TRACK FOR ANOTHER SOLID YEAR
“We hit two milestones in August,” said Mike Hughes, General Manager for Downing-Frye Realty, 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 2016 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.”
Florida’s housing market reported rising median prices and fewer all-cash closed sales in July. Closed sales of single-family homes statewide totaled 24,083 in July, down 8 percent from July 2015, reflecting the state’s current shortfall in inventory; while the statewide sales of townhouse-condos closed sales totaled 8,934 in July, down 11.5 percent compared with July 2015. Florida Realtors Chief Economist Brad O’Connor said, “Florida continues to suffer from a drought in the supply of affordable housing for sale, resulting from the gradual exhaustion of the state’s inventory of distressed properties and the lack of new construction in these price ranges.”
BONITA /ESTERO: JULY 2016 VS. JULY 2015:
- Overall number of active listings: 895 vs. 532
- Overall closed sales: 124 vs. 165
- Single-family median sale price: $320,000 vs. $344,000
- Multi-family median sale price: $260,900 vs. $285,000
- July 2016 inventory: 6.4 months for single-family, 5.5 months for multi-family
- July 2016 percentage of list price for overall sales: approx. 94.5 percent
Lawrence Yun, NAR chief economist, says existing sales fell off track in July after steadily climbing the last four months. “Although home sales are still expected to finish the year at their strongest pace since the downturn, thanks to a very strong spring, the housing market is undershooting its full potential because of inadequate existing inventory combined with new home construction failing to catch up with underlying demand. As a result, sales in all regions are now flat or below a year ago and price growth isn’t slowing to a healthier and sustainable pace. Furthermore, with new condo construction barely budging and currently making up only a small sliver of multifamily construction, sales suffered in July as condo buyers faced even stiffer supply constraints than those looking to purchase a single-family home.”
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
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EMPLOYEE SPOTLIGHT: Robin Leete, General Manager of Bonita Bay
“I am inspired by the natural beauty of the community and the founding principles on which this community was built. I strongly believe that laughter is the best medicine – and a good sense of humor goes a long way; a magical combination of these factors makes it easy for me to stay motivated and provide the needed support and leadership to my team. Simply stated, our organization is customer-service driven, and I am fortunate to have a team of employees who are self-motivated and believe what they do is important for our residents.” — Robin Leete —
Find out more about Robin as part of a series of the “Meet Your Manage” series of blog posts presented by the Bonita Bay Community Association.
Bonita Bay Featured in Bonita Estero Magazine
Bonita Bay was featured in the August issue of Bonita Estero Magazine. Writer Craig Garrett opens the piece describing Bonta Bay as, “Florida’s gold standard, loaded with natural features, demanding yet fair.” The complete article can be accessed online here.
Bonita Estero Magazine has 34,200 paid subscribers that make up 28% of its subscription base; newsstands in airports, hotel gift shops, independent newsstands, bookstores, drugstores and major grocery and convenience stores make up an additional 16% of distribution with 18,900 copies; and, another 66,900 copies are distributed to Southwest Florida’s best hotels, resorts, rental homes and condos, international and domestic airlines, trade shows, chamber of commerce visitor centers, medical offices, spas and salons.
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.