04 Jul Shadow Wood at the Brooks Real Estate News | July 2017
As of July 1, 2017, there are 64 active listings in Shadow Wood; 7 less than last month. There are 44 single-family, listed homes ranging from $495,000 to $2,850,000. The average list price is $991,464 and the average days on the market is 139 days. Combined days on the market is 224. In the condo market, there are 20 active listings in Shadow Wood. Ranging in price from $274,900 to $634,900. The average list price is $410,370 and the average days on the market is 153. Combined days on the market is 199.
Whether you are buying or selling, if you are looking for REALTOR® representation, think of me and allow me to share my 30 years of experience putting buyers and sellers together in SWFL
Your Shadow Wood REALTOR®,
Ed Gongola
SUMMARY OF SHADOW WOOD HOME SALES
- Within the last 12 months, there were 23 sales; the average sales price was $390,065; and, these condos were on the market an average of 118 days;combined days on the market is 200.
- During the 12 months previous, there were 22 sales; the average sales price was $367,495; and, these homes were on the market an average of 49 days; combined days on the market is 112.
- During the last 12 months, there were 48 sales; the average sales price was $969,130; these homes were on the market an average of 118 days; combined days on the market is 204.
- During the 12 months previous, there were 48 sales; the average sales price was $971,401; and, these homes were on the market an average of 109 days; combined days on the market is 195.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
Shadow Wood 2017 Tennis & Bocce Events
Be sure to fill your calendar with 2017 tennis and bocce events. Here’s 2017’s schedule:
Click here for membership information.
JULY MARKET UPDATE
“To date, our closings are ahead of last year,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty, Inc. “Home sales during the summer months have become stronger over the past few years. Those who let a listing expire at the end of our winter season are missing a huge opportunity to sell their property during the summer months. We have closed over 1,600 transactional sides this year. This puts us on pace to close over 3,000 transactional sides for 2017. Our closed sales volume exceeds $800 million, and 100+ real estate agents joined our firm this year. We’re in a great position going into summer.”
May 2017 pointed to a market that is heating up, as shown by a 14 percent rise in pending sales. The Bonita Springs/Estero market shows that 18 percent of the inventory experienced a price reduction in the last month. “Sellers must remember that this area is not a seasonal market anymore,” stated Jerry Murphy, Managing Broker, Downing-Frye. “Buyers spend a lot of time online before and while they work with their REALTOR® to watch inventory before they make appointments to see the properties of interest to them.” He added, “Buyers are savvy and will not waste time waiting for a price reduction before they move on to the next property.” The active inventory as of the end of May was 1,566 properties, almost the same number as the end of May 2016.
FLORIDA: BUYER DEMAND FUELS PRICES
Florida’s housing market reported more closed sales, higher median prices, more new listings and more pending sales in May. In May, sellers of existing single-family homes received 96.4 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 94.7 percent. “Closed sales of existing homes in the Sunshine State not only rebounded from a relatively flat April, they positively surged to record highs in May of 2017,” said Florida Realtors® Chief Economist Dr. Brad O’Connor. “To be more specific, May’s sale totals of 27,850 existing single family homes and 11,538 existing condos and townhomes were the most ever recorded (by Florida Realtors) for a single month in either property type category. In both cases, these totals were also markedly higher than the very strong number of sales racked up in May of 2016.”
USA: MEDIAN SALES PRICE AT NEW HIGH
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low. The median existing-home price for all housing types in May was $252,800. This surpasses last June ($247,600) as the new peak median sales price, is up 5.8 percent from May 2016 ($238,900) and marks the 63rd straight month of year-over-year gains. Properties typically stayed on the market for 27 days in May, which is down from 29 days in April and 32 days a year ago; this is the shortest timeframe since NAR began tracking in May 2011. “With new and existing supply failing to catch up with demand, several markets this summer will continue to see homes going under contract at this remarkably fast pace of under a month,” said Lawrence Yun, NAR chief economist.
The inaugural Shadow Wood Charitable Foundation Scholarship Program awarded scholarships to one Shadow Wood Country Club employee and three children of employees.
The inaugural Shadow Wood Charitable Foundation Scholarship Program awarded scholarships to one Shadow Wood Country Club employee and three children of employees.
The scholarship program was a new component of the Shadow Wood Charitable Foundation’s annual fundraising activities that helped propel the organization to its best financial year ever with a record-setting $410,000 raised to benefit nine local nonprofits and the new scholarship program.
Members of the Shadow Wood Scholarship Committee worked closely with the Southwest Florida Community Foundation to administer the program, which recognized each of the four deserving students with a $4,000 scholarship.
“I was very impressed with the quality of people who applied, and I was surprised to see the number of applicants who were attending school full time and working full time,” said Tom Nientimp, a member of the Selection Committee. “One essay that really stood out to me described why an employee had developed such a strong work ethic. Another essay explained how the employee’s move to the United States made him the person he is today.”
Austin Boetje
Becky Gilmore (center) and daughters Megan & Jessica.
Scholarship winner Austin Boetje, a server at Shadow Wood Country Club, shared, “It is so nice to know that I work in an environment where the members of the club value their employees and care about us furthering our education and future careers.”
Beojte is a junior at Florida Gulf Coast University studying computer information systems with a concentration in programming.
Three children of Shadow Wood Country Club employees were awarded scholarships.
Becky Gilmore (center) and daughters Megan & Jessica.
Florida State University juniors Megan and Jessica Barry are the twin daughters of Dining Room Manager Becky Gilmore. Megan is majoring in environmental studies, while Jessica is studying clinical psychology.
Gilmore said, “In the six years I have worked at Shadow Wood Country Club, I have been surrounded by the most caring, genuine, wonderful people one could hope to know. The membership is truly a family, and this extends to the staff as well. They exemplify the values I have tried to pass along to my children.”
Scholarship recipient Christopher Ortiz, a sophomore at Florida International University studying sports management, is the son of golf course maintenance department employee Felix Ortiz.
Felix Ortiz (left) and son Christopher.
The Scholarship Committee’s goal was to make it as easy as possible for anyone who needed assistance completing the
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application to do so. Committee member Larry Becker helped coordinate an interpreter for Spanish speaking employees and also assisted candidates in completing their applications.
For the 2018 scholarship season, the committee plans to start the process earlier to offer assistance for employees who need help completing the application and encourage more people to participate.
“I viewed this as a strong first year. Our hope is to continue to improve the program and the process so we get more people applying in the future and can continue to help the employees of Shadow Wood and their families.” said Nientimp.
The Shadow Wood Charitable Foundation is committed to supporting charitable programs that improve the lives of Southwest Florida’s children and families. Supported charities are selected through a grant application process that includes a review of the organization’s budget, programs and services, and level of growth. In addition to the foundation’s financial contributions, the local nonprofits benefit from another resource – Shadow Wood residents who volunteer their time and talents throughout the year. The foundation’s supported charities include Bonita Springs Assistance Office, Cafe of Life, Feeding the 5000, Friends of the Salvation Army, Habitat for Humanity of Lee and Hendry Counties, ICSL Food Pantry and Community Outreach, Literacy Council Gulf Coast, Meals on Wheels of Bonita Springs, and New Horizons of Southwest Florida.
To learn more about how you can support the Shadow Wood Charitable Foundation, please visit their website www.
A Word from Downing-Frye Broker & General Manager, Mike Hughes
The June numbers are starting to roll-in for our company. We now have 1,292 listings. This listing total is among the highest in the area. Our closed sales volume for June was $141 million. The June closed sales volume was down slightly from last June when we closed $163 million. Our year-to-date closed sales volume is now sitting at $870 million. There is a good chance that our Downing-Frye BILLION-DOLLAR PARTY will be held in late July or early August as we throw a party when we hit one-billion in closed sales volume for the year. In some years, this party occurs in November; this year, it will be a summer event!
Pre-Screening Homes for Good Feng Shui
- South-facing windows
- South-facing bed facing, kitchen and dining room on east side of house, living room in the center, and the study on the north
- Water features
- Stones integrated in the landscape
- Uncluttered spaces
- Clutter in any form
- Sharp corners or an excessively odd shaped home
- Glass front doors
- Hills deprived of topsoil of foliage
- Fast-flowing streams
- Yard sloping down toward the road
- Front door aligned with the back door