Bonita Springs Area Market Report

Bonita Springs Area Market Report – October

Bonita Springs AreaThe Bonita Springs area showed minimal impact on the real estate market during the month of October.  Even though both pending and closed sales declined for the month, most of the delays were due to repairs following the hurricane during the previous month.

At the same time, the average list price increase 9.4 percent up to $535,000 compared to October of last year.  Additionally the average list price per square foot increased from $231 per sq. ft. up to $236 per sq. ft which is a 2.2 percent increase.

Finally, inventory increased significantly compared to last October.  This is mostly due to homeowners taking their properties off the market during September to clean up and make repairs after the storm.

Bonita Springs Area Highlights:

  • Closed sales decreased from 141 in Oct. 2016 down to 128 in 2017 which is a 9.2 percent decline
  • Pending sales fell from 276 down to 259 compared to Oct. of last year, a 6.2 percent decrease
  • New listings increased 1.4 percent from 299 in Oct. of this year compared to 295 last year
  • Average list price increased from $484,000 up to $535,000 or 9.4 percent compared to Oct. of last year
  • Months of inventory increased from 6.4 in Oct. of ’16 up to 9.9 in Oct. 17 which is a 54.6 percent increase

So, if you’ve been sitting on the sidelines waiting to see how the market would respond to the hurricane, it’s time to move forward.  Thanks to the very stringent building codes in southwest Florida, the hurricane became a non-event for most property owners.  Thus, if you are considering purchasing a home or condo, I recommend you make your move before season kicks into full gear!

Related Articles:

BEAR Market Report October 2017

FAR Third Quarter 2017 Market Report – Lee County

SWFL New Construction Rising

Begin Your Own Property Search:

So, if you’re ready to begin your property search, I encourage you to explore my website to find information about 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.  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.

Bottom Line:

Shadow WoodIf you are buying a home in a golf community, you will find it’s more complex than a typical home purchase.  As you can probably imagine, there are significant differences between golf communities.  There are many different fee structures, membership options, pet restrictions, demographics and many other details that apply to the SWFL golf communities.

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!

About Matt Klinowski

Naples Golf GuyThe above information was provided by Matt Klinowski, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:

or at 239-370-0892

November 13, 2017 Posted by Matt