01 Mar Bonita Bay Real Estate News | March 2019
As of March 1, 2019, there are 152 active listings in MLS in Bonita Bay; 14 less than last month. There are 47 single-family homes ranging in price from $449,000 to $6,750,000. The average list price is $1,638,718 and the average days on the market is 173. The combined days on the market is 190. In the carriage, mid-rise, townhouse, and attached villa market, there are 39 active listings in Bonita Bay. Prices range from $169,000 to $695,000. The average list price is $388,492. The average of days on the market is 127. The combined days on the market is 135. In the high-rise market, there are 66 active listings in Bonita Bay ranging in price from $714,900 to $6,750,000. The average list price is $1,953,862 and the average days on the market is 234. The combined days on the market is 283.
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SUMMARY OF BONITA BAY HOME SALES
If you are considering selling your Bonita Bay home, here are some statistics that may help you decide to place your home on the market:
BONITA BAY CARRIAGE, MID-RISE, TOWNHOUSE AND ATTACHED VILLA HOMES
- Within the last 12 months, there were 83 sales with an average sales price of $373,310; these condos were on the market an average of 106 days; combined days on the market is 182.
- During the 12 months previous, there were 76 sales with an average sales price of condominiums was $380,023; these homes were on the market for 89 days; combined days on the market is 158.
BONITA BAY HIGH-RISES
- During the last 12 months, there were 41 sales with an average sales price of $1,428,207; these homes were on the market an average of 167 days; combined days on the market is 390.
- During the 12 months previous, there were 28 sales with an average sales price of $1,364,188; these homes were on the market for an average of 140 days; combined days on the market is 222.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 75 sales with an average sales price of $1,163,085; these homes were on the market an average of 84 days; combined days on the market is 176.
- During the 12 months previous, there were 73 sales with an average sales price of $1,108,906; these homes were on the market for an average of 96 days; combined days on the market is 195.
For a list of BONITA BAY homes sold in the last 12 months, click here.
For a list of BONITA BAY homes that are pending at the moment, click here.
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- Ocean City, New Jersey ($530 million)
- Miami Beach, Florida ($337 million)
- Hollywood, Florida ($305 million)
- Charleston, South Carolina ($266 million)
- St. Petersburg, Florida ($244 million).
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Source: Omega at Bonita Bay
Contact me to schedule your private visit to Omega: 239.498.2628.
Bonita Bay Club Awarded a Certificate of Recognition
Bonita Bay Club was awarded a Certificate of Recognition from the City of Bonita Springs for being the first private club in Florida to achieve statewide-level sustainability recognition. Dan Miles, GM of Bonita Bay Club, proudly accepted the award at Bonita Springs City Hall.
Bonita Bay Dining Schedule
(Beginning Oct. 15)
Lunch Daily 11:00 a.m.-2:00 p.m.Sunday Brunch 10:30 a.m.-2:00 p.m.Dinner 5:30-8:00 p.m. Tuesday – ThursdayDinner 6:00-8:00 p.m. Friday POETS NightDinner Saturday nights beginning in January
Daily 11:00 a.m.-10:00 p.m.
Daily: 11:00 a.m.-4:00 p.m. NFL Ticket in Men’s Grill
Sundays during Football Season for 1:00 p.m. games
(Women are invited to attend beginning at noon)WAVE CAFEMonday-Friday-8:00 a.m.-2:00 p.m.Food Service beginning at 10:30 a.m. daily
Lunch Daily 11:00 a.m.-3:00 p.m.
BREEZEWAY BAR & CAFE
11:00 a.m.-5:00 p.m.
11:00 a.m. – 10:00 p.m.
Florida’s Housing Market: New Listings, Median Prices, Inventory Up in Jan. 2019
ORLANDO, Fla., Feb. 21, 2019 – Florida’s housing market reported more new listings, higher median prices and increased inventory (active listings) in January compared to a year ago, according to the latest housing data released by Florida Realtors®. However, uncertainty over mortgage interest rates, the stock market and the federal government’s shutdown may have affected home sales, which were lower than the level of sales a year ago. Sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.
“As the new year gets underway, more new listings and gains in inventory (active listings) are positive signs for potential homebuyers in Florida,” said 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach. “Having more homes available for sale in many local markets may start to ease some of the affordability constraints we’ve been seeing for a long time. In January, new listings for existing single-family homes rose 5.6 percent compared to a year ago and new listings for condo-townhouse properties increased 2.5 percent.”
In January, statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year for the 85th month-in-a-row. The statewide median sales price for single-family existing homes was $249,900, up 4.1 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $182,500, up 2.8 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in December 2018 was $255,200, up 2.9 percent from the previous year; the national median existing condo price was $240,600. In California, the statewide median sales price for single-family existing homes in December was $557,600; in Massachusetts, it was $375,000; in Maryland, it was $284,000; and in New York, it was $272,043.
Looking at Florida’s condo-townhouse market in January, statewide closed sales totaled 6,739, down 10.9 percent compared to a year ago. Closed sales may occur from 30- to 90-plus days after sales contracts are written.
“Inventory levels continued to rise across almost every price level in January, while closed sales were down on a year-over-year basis, as price growth continued on a steady path toward moderation,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “At the end of January, there were 13.8 percent more single-family homes listed for sale (active listings/inventory) in Florida than there were a year prior, reaching a statewide level of single-family inventory not seen since March of 2015. The ongoing rise in inventory continues to be rather broad-based – among the price tiers tracked by Florida Realtors, single-family inventory only fell among the small segment of homes priced below $100,000. This is a significant change from a year ago, when much of the state’s mid-tier inventory was still declining.
“Looking at condo-townhouse properties, the statewide count of active listings in January reached its highest level since May of 2012, after rising by 10.1 percent on a year-over-year basis.”
According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.46 percent in January 2019, up from the 4.03 percent averaged during the same month a year earlier.
A Word from Downing-Frye Broker & General Manager Mike HughesA
Some years, it is easier to get a read on the market and yet other years, the market sends mixed signals. Our January 2019 pending sales were down compared with last January. In looking into this, I discovered that in January 2018, we had a high month for pending sales. The only logical conclusion was that Hurricane Irma pushed a number of fourth-quarter pending sales into January 2018. In effect, the hurricane delayed some fourth-quarter, pending sales that ultimately were written in January 2018. I should point out that our two previous January pending sales (for January 2017 and January 2016 ) were much lower than the January 2018 pending sales. So, last years January pending sales number was a bit unusual.
Our February pending sales indicate that we have returned to normal. Actually, it is showing that we are having a very good month for pending sales. Through the first 25 days of February in 2018, we had 246 pending sales. This year, we have 270 February pending sales. This is a 10% increase in February pending sales transactions compared with last February. Our pending sales volume for the first 25 days of February 2018 was $138 million. This February, our pending sales volume for the first 25 days amount to $168 million which is a 22% increase over last February.
So what is my read so far? I think the year started off a little slower than last year but it has accelerated in February. With a strong listing inventory, we are poised for a pretty good season and hopefully a strong year for Southwest Florida real estate.
Bonita Bay MARCH Events Calendar
SOCIAL & DINING
Mar. 6 | Early Detection is Key: Colon Cancer Screening Saves Lives | 11:15 a.m. | Free
Mar. 18 | Simple Tips to Prevent Falls | 11:15 a.m. | Free