Shadow Wood at the Brooks Real Estate News | April 2018

Wine & Fine Dining at Shadow Wood

Shadow Wood at the Brooks Real Estate News | April 2018

As of April 1, 2018, there are 95 active listings in Shadow Wood; 4 more than last month. There are 60 single-family, listed homes ranging from $450,000 to $2,800,000. The average list price is $1,137,303 and the average days on the market is 131 days. Combined days on the market is 184. In the condo market, there are 35 active listings in Shadow Wood, ranging in price from $259,000 to $615,000. The average list price is $391,131 and the average days on the market is 104. Combined days on the market is 139.


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Ed Gongola




  • Within the last 12 months, there were 29 sales; the average sales price was $410,745; and, these condos were on the market an average of 105 days; combined days on the market is 158.
  • During the 12 months previous, there were 26 sales; the average sales price was $409,173; and, these homes were on the market an average of 82 days; combined days on the market is 173.


  • During the 12 months previous, there were 52 sales; the average sales price was $912,526; and, these homes were on the market an average of 108 days; combined days on the market is 193.
  • During the 12 months previous, there were 52 sales; the average sales price was $948,139; and, these homes were on the market an average of 107 days; combined days on the market is 188.



For a list of SHADOW WOOD homes sold during the past 12 months, click here.

For a list of SHADOW WOOD 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.



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Shadow Wood FEBRUARY Events Calendar


April 1 | Easter Brunch
April 14 | Dinner Dance
April 18 | Season End Celebration


April 5 | Men’s Closing Day
April 10 | Ladies’ Closing Day


April 6 | Women’s Tennis “Pot Luck” Mixer
April 7 | Tennis Dinner Dance
April 15 | Bocce Social Mixer
April 21 | Tennis “Mixed Up” Doubles


Click here for membership information.




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“The real estate market is poised for a good year,” said Mike Hughes, General Manager for Downing- Frye Realty, Inc. “The economy is doing much better and many Americans have seen their financial picture improve, which should translate to increased sales. During March 2018, we had 402 pending sales contracts turned in, which was a 15 percent increase over March 2017 pending sales and a 32 percent increase in pending sales volume. March’s pending sales contracts for high end properties were up 12 percent, the below $250,000 market was up 15 percent, and the $250K-$500K market was up 21 percent. With Downing-Frye’s current listing inventory of over 1,400 properties, one of the highest inventories in the area, we are positioned well for the summer season.


Properties in Bonita Springs and Estero that have been updated are seeing more activity, better offers and quicker closings. Homes that have been updated within the last three years are commanding higher prices and are competing against new construction homes. The Bonita Springs and Estero markets are seeing fair market value year over year, with a 3 percent increase in the median price. Single-family homes for February 2018 saw a 14 percent increase in pending sales versus February 2017, while overall closings saw just a 4 percent decrease year over year. The average days on the market were 104, an increase of 6 percent from February 2017 to February 2018. The median closed sales price for February 2018 was $295,000. The average month’s supply of inventory was 3.4 months. “Interest in the Bonita Springs and Estero markets is still high,” stated Jerry Murphy, Broker, Downing-Frye Realty, Bonita Springs.


Florida’s housing market reported more closed sales, more new listings and higher median prices in February. Sales of single-family homes statewide totaled 18,620 last month, up 3.3 percent compared to February 2017. Meanwhile, the statewide median sales price for single-family existing homes was $246,500, up 9.6 percent from the previous year. Looking at Florida’s townhouse-condo market, statewide closed sales totaled 8,457 last month, up 6.4 percent compared to February 2017. “Sales of existing homes rose modestly in February, while sale prices continued to climb at a very brisk pace,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “Year-over-year sales growth for single-family homes checked in at 3.3 percent in February – the largest such gain we’ve seen since last June.



Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago. Lawrence Yun, NAR chief economist, said, “The expanding economy and healthy job market are generating sizeable home buyer demand, but the miniscule number of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.” With the start of the spring buying season in full swing, Yun believes that one of the top wild cards for the housing market in coming months will be how both buyers and potential sellers adjust to the steady climb in mortgage rates since late last year. For the year, Yun forecasts existing-home sales to be around 5.51 million – flat from 2017.


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



2018's Top Trends




Shadow Wood Blog

Most Recent Blog: Wine & Fine Dining at Shadow Wood
Wine & Fine Dining at Shadow Wood“For each wine event, I meet with the wine vendors to hand select wines. Through this process, I determine which wines are best suited for that particular evening.” Said John St. John, Director of Food and Beverage.  “I tend to select wines from the Northwest region, generally from California, Oregon and Washington.


To visit the blog and read more about Shadow Wood Legacy Golf Events, click here.

A Buyer’s Guide to Closing Costs.

A Buyer's Guide to Closing Costs.






Broker's Corner


A Word from Downing-Frye Broker & General Manager Mike Hughes:  Southwest Florida Named in “25 Healthiest Communities”


I noticed in a recent AOL article on the 25 Healthiest Communities for Retirement,  Collier County was # 4 on the list and Lee County was # 21 on the list. It listed the population of Collier County as 341,091. It also said that the 65 and overpopulation had grown by 3.7% over the past year. It mentioned that 28.8% of the county residents are over 65 years old which is more than double the national rate of 14.1 %. It listed a big perk for Collier County residents is the ” ease of accessibility to opportunities for exercise ” – 91.3% of residents have access to locations for physical activity such as parks and recreational facilities. This was one of the largest percentages nationwide.
The same article listed above had the Lee County population at 663,675. It mentioned that Lee County attracts a lot of senior citizens each year. The county’s population of people 65 and over grew by 4.5% last year. The article also said that 25.6% of the Lee County population is 65 and over.

We have had 276 pending sales turned in so far this month which equates to just over $147 million in March 2018 Pending Sales Volume. This certainly is a pretty good month for sales so far..



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