Bonita Springs and Estero Home Prices Fall

Sellers have watched Home Prices Fall in March of this year, according to the latest Bonita Springs-Estero Association of Realtors (BEAR) market reports. Both the median sales price and average sales price fell during the month. In fact, in January alone, there were over 1,500 price reductions in the area.

At the same time, inventory is also rising quicker than homes are going pending in all price points. The result is a shift towards a buyers market. The good new is, overall, the Bonita Springs and Estero markets are still offering buyers many lifestyle choices and amenities, as well as pricing that is moving towards realistic expectations.

Single Family Home Sales March 2018

March Single Family Home Real Estate Highlights:

Median Sales Price decreased from $415,000 up to $405,00, or 2.4 percent
Existing inventory increased from 619 condos for sale up to 674 or 8.9 percent
Closed sales decreased from 125 up to 107 condo sales or an 14.4 percent
New pending sales increased 1.9 percent up from 162 units up to 165 for the month

Condo Home Sales March 2018

March Condo Real Estate Highlights:

Median Sales Price increased from $245,000 up to $271,400, or 10.8 percent
Existing inventory increased slightly from 582 condos for sale up to 561 or 3.7 percent
Closed sales increased from 99 up to 117 condo sales or an 18.2 percent
Pending sales increase 35.6 percent up from 118 units up to 160 for the month

Overall, the condo sales fared better than single family homes in Bonita Springs and Estero. While home prices fall for single family homes, condo sales actually increase during the month of March.

March 2018 Market Reports:

March Florida Realtors Report
March 2018 Bonita Springs-Estero Market RPR Report

Lee County Real Estate Transactions Week of Apr. 7th 2018

Lee County Real Estate Transactions Week of Mar. 31st 2018

Begin Your Own Property Search for the Top Golf Properties:

So, if you’re ready to begin your search for your dream home or condo, I encourage you to explore my website to find information about one of these neighborhoods or other communities in southwest Florida. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area to find the top golf properties available. If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs. For more information about the top golf properties in SWFL please reach out to me directly!

Bottom Line:

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

If you’re looking for information about a specific community in Bonita Springs, Estero or Naples, please contact me and I will prepare a custom market report for you. I will provide the market information and insights to help make sure you select your dream home!

Lastly, I will handle all contract negotiations for your property from offer to close!