Bonita Springs Home Sales Report

Single-Family Home Sales Update For Bonita Springs

Season is in full swing in Bonita Springs. Single family homes sales continue to show steady growth which indicates a stable and healthy market. This is clear based on the most recent statistics released by the Bonita Springs-Estero Association of Realtors (B.E.A.R).

During the month of December, the number of closed sales increased slightly, up 3.3 percent, when compared to the same time last year. Also, pending sales saw a significant increase during the month of December. They rose from 57 homes sold in December of 2015 up to 71 in December of this year which is a 24.6 percent increase.

Overall, single-family inventory continued its upward trend with a double-digit increase of 24.2 percent. In addition, during the month of December, 143 new single-family homes were listed which is a 23.3 percent increase versus 2015. And, when compared to last year, pending inventory increased 7.3 percent.

Finally, as a result of the increased inventory, their will be more homes for buyers to choose from. Additionally, the median sales price fell by 4.9 percent. All indications are sellers are beginning to lower their prices which is great news if you are looking to buy a new home in Bonita.

If or when you are ready to look for information about a specific Bonita Springs community, contact me and I will prepare a custom market report for you. With more than 15 years of experience I can help provide the market information and more importantly, provide insights to help ensure you select the best community to match your needs.

Bonita Springs Home Sales Report (Single-Family) December 2016

Condo Sales Update For Bonita Springs

On the condo side, sales fell 45.3 percent while at the same time overall inventory increased almost 50 percent when compared to December of last year. Once again, the good news for buyers is there are more condos to chose from now that inventory has increased.

However, it is still a great time to put your condo on the market if you are looking to sell because prices are still increasing. Both the median sales price and the average sales price increased modestly during December. When you’re ready to sell your condo, call me for a free market analysis and in-depth review of how we’ll market you’re home to sell it as quickly as possible for the maximum return on investment.

Bonita Springs Home Sales Report (Condos) December 2016

Year-Over-Year Highlights for the Past 12 Months:

Overall closed sales decreased 7 percent from 3,132 units down to 2,904 units
Pending sales decreased 9 percent with 2,872 units versus 3,174 units compared to December 2015
Average Days on Market was 105 days, which was an increase of 38 percent from 76 days in December 2015
Overall inventory as of Jan. 1, 2017 was 1,475 units for both single-family homes and condominiums
Current months worth of inventory stands at five months

View Full Bonita Springs Home Sales Report December 2016

New Construction:

As we head into season, builders are offering several incentives to purchase new construction. While this is good news for buyers, it is risky to purchase a new construction home without having a real estate agent to negotiate on your behalf. It’s similar to going to court without an attorney. If you go it alone, you may leave money on the table or miss out on free incentives.

Also, there’s no risk on your end to have an agent represent you. The builder will pay a fee to your agent and since builders rely on us to bring clients to see their properties, they will not discount your price if you do not use one. Thus, if you really want to get the best deal for your money, let me help negotiate your new home or condo purchase. I’ll put your interests first, unlike the builder who ultimately will putt their own interests ahead of yours.

Bottom Line:

Finally, when you are ready to buy a condo or home in Bonita Springs, Estero or Naples, you will find it is more complex than a typical home purchase. Condos have various fees and assessments that are not always obvious when you begin your property search. Also, if you have pets, there often restrictions on what type of pets and how big your pet can be. Lastly, demographics vary significantly in each community.

So when you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you. I can help provide the market information and more importantly, provide insights to help ensure you select the best community to match your needs.