Bonita Springs Real Estate Update

May 2019 Estero and Bonita Springs Real Estate Update

The latest Estero and Bonita Springs Real Estate reports show the market has picked back up during May. Especially in the condo market which saw a 24.8 percent increase in closed sales over May of last year. Single family home sales increased slightly up just under 1.0 percent. Additionally, condos are selling faster than they did last May and faster than single family homes.

Also, inventory looks healthy for single family homes. There is currently a 6.4 month supply of homes available on the market which is a very healthy inventory level. A healthy market has an inventory level of approximately 6-7 months of supply. As for condos, the inventory has fallen to 5.8 percent which makes it a seller’s market. So if you currently own a condo in Bonita Springs or Estero, now is a good time to list your property. With less inventory, there will be less competition.

May 2019 Estero and Bonita Springs Real Estate Activity for Single Family Homes

May 2019 Estero and Bonita Springs Real Estate Highlights for Single Family Homes

Closed sales increased 0.7 percent up from 134 to 135 homes sold
Inventory increased 0.7 percent up to 606 compared to May of last year when there were 602 homes for sale
Median days to contract increased to 121 days which represented a 39.7 percent increase over the same time last year
Average sales price decreased from $478,716 down from $559,248 or a 14.4 percent decrease
Total months’ supply of inventory fell 3.0 percent down to 6.4 months supply of inventory

May 2019 Estero and Bonita Springs Real Estate Activity for Condos

May 2019 Estero and Bonita Springs Real Estate Highlights for Condos

Closed sales increased 24.8 percent up from 113 to 141 condos sold
Inventory decreased 2.3 percent down to 500 compared to May of last year when there were 512 condos for sale
Median days to contract decreased to 70 days which represented an 11.4 percent decline
Average sales price increased from $277,842 up to $292,835 or a 5.4 percent increase
Total months’ supply of inventory decreased 4.9 percent down to 5.8 percent

If you are considering purchasing a condo or single family home in Southwest Florida, now is a great time. The market is healthy and provided properties are priced correctly, with the assistance of someone to help you negotiate the terms of the deal, both buyers and sellers are poised to see a win-win result!

View More 2019 Estero and Bonita Springs Real Estate Market Reports

May 2019 Real Estate Summary for Bonita Springs and Estero

Bonita Springs-Estero Association of Realtors May Market Report

Southwest Florida Golf Community Trends

Begin Your Own Property Search:

So, are you ready to begin your search for your Southwest Florida Luxury dream home or condo? We encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate more than 150 different golf communities in our area. If you prefer a more direct approach, we 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, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we 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, Naples or Fort Myers we recommend you work with a real estate professional or consultant 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 150 other golf communities. Contact us 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 southwest Florida who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home or dream home, call us or text us at 239-370-0892 or email Matt@NaplesGolfGuy.com

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