AUGUST BONITA SPRINGS HOME SALES – 2106

Single-Family Home Sales in Bonita Springs

Activity is starting to pick up as we approach season, based on the latest market figures released by the Bonita Springs-Estero Association of Realtors (B.E.A.R). The number of closed sales in Bonita continued to increase, up 9 percent, when compared to the same time last year.

Pending sales saw double digit increases during the month of August.  Pending sales rose from 90 homes sold in August of 2015 up to 109 in August of this year which is a 21.1 percent increase.

As noted in the graph below, single-family inventory continued its upward trend.  When compared to last year inventory increased 33% percent.

Unlike last month, both the median sales price and the average sales price for Bonita Springs Single Family homes saw a modest increase of 5 percent over last year.

Overall, the increase in inventory and slightly higher prices means the market is beginning to stabilize for single family homes.

August Bonita Springs Home Sales (Single-Family) 2016

Condo Sales in Bonita Springs

The condo market sales activity in Bonita was significantly different than sales of single-family homes in August. Closed sales fell almost 30 percent when compared to last year. Also, pending sales saw a double digit decline down 18.2 percent.

However, a good sign for the condo market in Bonita Springs was the fact that the median sales price for the month of August was up slightly, 1.8 percent, versus last year.

Like last month, condo inventory increased from 250 to 405 units which was a 62 percent increase when compared to the previous year.

For home buyers interested in purchasing a condo in Bonita Springs now is an excellent time to begin your search. There are more condos to chose from and prices have begun to stabalize.

August Bonita Springs Home Sales (Condos) 2016

View Full August Bonita Springs Market Report

More Bonita Springs Market Data August 2016

When you are ready to purchase a single family home or condo in Bonita Springs, let me be your guide!  If you are interested in more information about a specific community, contact me for a free market report – 239-370-0892.

About Matt Klinowski