Bonita Springs Florida October Real Estate Statistics

According to the Estero and Bonita Springs Florida Realtors Associaiton® (BER), historical numbers from October 2016, 2017 and 2018 show a trend of market stabilization. In particular, October Statistics shows a significant increase in single family homes sales for October 2018 compared to 2017. Additionally, new single-family listings were up 28.6 percent compared to October of last year. Condo activity was also strong for the month of October. Both closed sales and pending sales were up double digits compared to the same time a year ago.

Estero and Bonita Springs Florida Single Family Home Statistics – October 2018

October Single Family Home Highlights:

Closed sales increased from 65 in October of 2017 up to 91 this year which is a 41.5 percent increase
Pending sales increased 2.1 percent from 94 up to 96 compared to last October
Inventory of active listings west up to 585 from 513 which is a 14 percent increase versus last year
Supply of Inventory decreased from 5.9 months down to 5.6 months

Estero and Bonita Springs Florida Condo Statistics – October 2018

October Condo Highlights:

Closed sales increased from 66 in October of 2017 up to 73 this year which is a 3.8 percent increase
Pending sales increased 11.5 percent from 61 up to 68 compared to last October
Inventory of active listings increased to 508 from 469 which is an 8.3 percent increase versus last year
Supply of Inventory decreased from 6.3 months down to 5.7 months

If you are considering purchasing a home in Estero or Bonita Springs Florida, area brokers are recommending you move forward now as residential real estate prices are expected to remain steady going into the first quarter of 2019.

According to Realtor.com’s report for the Bonita Springs and Estero market, there were 8.2 million listing page views for October 2018, over a half million more views than last month. For homeowners who wish to sell, the number of listing page views bodes very well for the market, as local and non-local buyers are actively looking to buy a property. For home sellers, it’s just another reason to list now as opposed to later. Homeowners wishing to sell are urged to take advantage of the current online activity generating around the Bonita Springs and Estero markets.

In addition, the passing of Amendment 2 in Florida is also a big win for investors and homeowners. As of Jan. 1, 2019, annual increases in the taxable value of all non-homestead property will permanently be capped at 10 percent. Non-homestead properties include rental properties, vacation homes, vacant land, and commercial property. In the past, increases were unlimited so it’s a great time to take advantage of the new law.

Begin Your Own Property Search:

So, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, I encourage you to explore my website to find information about communities in the area. 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 Southwest Florida. 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.

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 for 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.

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

Considering Selling your home?

If you are looking to sell a home in Bonita Springs, Estero or Naples, I encourage you to work with a REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 100 other golf communities. Contact me today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in Naples, Estero or Bonita Springs Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Matthew Klinowski, PA