05 Sep Shadow Wood at the Brooks Real Estate News | September 2016
As of September 1, 2016, there are 39 active listings in Shadow Wood; same as last month. There are 30 single-family, listed homes ranging from $580,000 to $2,250,000. The average list price is $1,096,773 and the average days on the market is 130 days. Combined days on the market is 187. In the condo market, there are 9 active listings in Shadow Wood. Ranging in price from $284,900 to $385,000. The average list price is $331,911 and the average days on the market is 134. Combined days on the market is 165.
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SUMMARY OF SHADOW WOOD HOME SALES
- Within the last 12 months, there were 29 sales; the average sales price was $384,900; and, these condos were on the market an average of 42 days; combined days on the market is 110.
- During the 12 months previous, there were 22 sales; the average sales price was $331,950; and, these homes were on the market an average of 68 days; combined days on the market is 118.
- During the last 12 months, there were 49 sales; the average sales price was $966,383; these homes were on the market an average of 106 days; combined days on the market is 192.
- During the 12 months previous, there were 61 sales; the average sales price was $958,928; and, these homes were on the market an average of 90 days; combined days on the market is 185.
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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.”
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Shadow Wood Resident Wins Worldwide Audubon Photo Contest
Audubon International’s BioBlitz 2016, a species-counting competition held on golf courses across the world, ran from Earth Day, April 22nd, through International Migratory Bird Day,May 14th. This annual competition demonstrates the large diversity of species that call golf courses home, while engaging local interest and support of the green space and recreational opportunities that golf courses provide to their towns. Thirty-three golf courses across the world participated this year, which was the second year of the event. Participants were challenged to identify species at their course by engaging the community and local wildlife experts.
Courses which showed exceptional participation in BioBlitz 2016 are awarded with a bluebird art print. Venice Gold and Country Club in Venice Beach, FL won first place in the “Most Species Counted” competition for the second year in a row. Volunteers at Venice Beach spotted, identified, and listed 910 species on their course. The Jekyll Island Club in Jekyll Island, GA was recognized for having the most participants with a total of 161 volunteers who assisted in the species count and identification. The final contest was for the “Best Photograph”. With a stunning photo of a Florida Softshell Turtle, Shadow Wood Country Club in Bonita Springs, FL took home first place. Visit https://www.
More Improvements at Shadow Wood in August
New Bocce Courts
New Bocce courts are under-way and near completion.
Renovate North Course Ready
The newly renovated Shadow Wood North Course is looking and playing beautifully.