Bonita Springs Housing Trends


Bonita Springs Housing TrendsThe latest Estero and Bonita Springs Housing Trends indicate a slight reduction for the month of August according the the most recent data released by B.E.A.R. (Bonita Springs-Estero Association of Realtors).

Overall, in August, the Bonita Springs and Estero markets continued to show the typical decreases in pending sales and closed sales during the off season.  As such, pending sales for both condos and single-family homes decreased 9 percent compared to  August of 2016. Also, the total number of closed sales for the same time period was down 24 percent.

Additionally, the days on market for all properties in the area increased 5 percent.  With inventory remaining consistent with the summer months, and prices remaining relatively stable, now is a good time to purchase a property in the Estero and Bonita Springs area.

Finally, it’s an especially good time of year to purchase new construction.  Builders want to eliminate inventory and models sitting on the market before year end.  Just remember, the builders sales agent is looking out for the best interest of the builder, not your best interest.  There is no cost to you to have a real estate agent represent you.  In fact, we will either save you money or help you negotiate more incentives.  If you are considering buying a new construction home, contact me for a list of communities with new homes or condos.

Bonita Springs & Estero Single Family Market Data – August 2017


Year-Over-Year Bonita Springs Housing Trends for Single Family Homes

  • Closed Sales decreased from 85 in July of 2016 down to 74 in August of 2017 which is a 12.9 percent decrease
  • Pending Sales decreased 20.2 percent down from 109 to 87 compared to August of last year
  • Inventory increased from 470 homes up to 487 during August which is a 3.6 percent increase
  • Average sales price decreased less than 1 percent from $426,203 down to $424,816
  • New Listings decreased 12.2 percent, down from 131 properties to 115 for the month

So, for single family home sales in SWFL, both closed sales and pending sales decreased following the typical pattern of the summer months in our area.  Also, inventory increased slightly compared to this time last year.  With the average sales price staying stable, inventory remaining tight, now is the the time to buy a single-family home.  Prices are just going to continue to rise and there’s no end in sight for the limited inventory.

Bonita Springs and Estero Condo Market Data – August 2017

Year-Over-Year Housing Trends for Condos

  • Closed Sales increased from 45 in July of 2016 up to 52 in August of 2017 which is a 15.6 percent increase
  • Pending Sales increased 37.0 percent up from 54 to 74 compared to August of last year
  • Inventory increased from 405 condos up to 427 during August which is a 5.4 percent increase
  • Average sales price fell from $359,248 down to $276,765 which is a 23 percent decrease
  • New Listings increased 1.2 percent up from 84 to 83 for the month

The condo market in the Bonita Springs and Estero area continues to remain active.  Both closed sales and pending sales continue their upward trend according to the August sales data.  Pending sales showed a significant increase, up 37 percent compared to the same month last year.  Also, closed sales for August were up double-digits during the same time period. If you are thinking of selling your condo, now is a great time.  If you’re considering buying one, the good news is there was a slight increase in inventory which means a small increase in properties to choose from.

Finally, it’s too early to tell how Hurricane Irma will impact the market.  Based on recent activity, local analysts anticipate the impact will be minor. Additionally, based on my personal experience, clients are still headed to town to look at property, they’ve just delayed their trip by a couple of weeks.

Additional Articles for August Housing Trends:

Florida Real Estate Market Report August 2017

BEAR Market Report August 2017

Recent Real Estate Transactions

Begin Your Own Naples 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:

Bonita Golf communitiesIf 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 15 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

October 18, 2017 Posted by Matt