Bonita Springs January Sales Report

Bonita Springs January Sales Report for Real Estate activity showed a significant increase in condo sales and a slight increase in single family home sales according to the Bonita Springs-Estero Association of Realtors (BEAR). Overall, for both single family homes and condos, pending sales and closed sales were up compared to January of last year. And, overall supply of all properties increased modestly during the same time period.

Now that we are in the midst of season, activity is increasing substantially. Buyer traffic has skyrocketed over the past month and analysts continue to predict a very active season this year. Although a majority of homebuyers are paying cash, for those using a mortgage, rates continue to remain at historic lows. Either way, it’s a great time to consider purchasing a home or condo in Southwest Florida.

Bonita Springs January Sales Report for Single-Family Homes:

Year-Over-Year January Highlights – Single Family Homes:

Closed Sales increased 2.8 percent up from 71 homes sold in Jan. 2017 compared to 73 homes sold this year
Pending Sales during January increased from 110 to 121, which is an 10 percent increase
Average Sales price increased 2.3 percent from $490,484 up to $501,938
New Listings increased 19.3 percent from 202 last year up to 241 this January
Overall, inventory decreased 1.1 percent versus January last year, down from 657 to 601 homes available

Ultimately, closed sales for single family homes during the month of January showed a slight increase, up 2.8 percent compared to last January. Additionally, pending sales increased 10 percent during the same time. Also, unlike December, there was only a small decrease of 1.1 percent in inventory of single family homes. The downside is inventory of single family homes continues to decrease month after month which limits the number of options for many home buyers. Instead of making compromises, many buyers are considering new construction as an alternative to re-sale due to the limited inventory. A word of caution, be sure you are represented by a real estate agent if you are considering new construction. The builder’s agent is going to look out for the best interest of the builder, not your best interest. Additionally, it doesn’t cost you anything to work with an agent, the builder pays all realtor fees. In fact, you will find a good agent will save you money or negotiate extras you may not know are available.

Bonita Springs January Condo Sales Report

Year-Over-Year January Highlights – Condos:

Closed Sales increased 61.8 percent up from 55 homes sold in Jan. 2017 to 89 homes sold this year
Pending sales in January increased from 107 to 125 which is a 16.8 percent increase
Average Sales price increased 16.0 percent from $238,631 up to $276,738 during the same time
New Listings increased 13.4 percent from 194 last year up to 220 this January
Inventory increased 5.1 percent versus January last year, up from 565 to 594 homes on the market

Overall, condo sales in the Bonita Springs skyrocketed in January, up 61.8 percent compared to the same month last year. Similarly, pending sales saw a significant increase, up 16.8 percent during the same time period. And, both the average price and median sales price increased by double digits. So, if you are considering selling your home, now is an excellent time. For home buyers, the good news is inventory rose 5.1 percent which means there are more condos to chose from when make a condo purchase.

Bonita Springs January Sales Report Related Articles:

Florida Realtors Market Report January 2018

BEAR Market Data Report January 2018

Nationwide Realtors Confidence Index January 2018

Buying a Property – Begin Your Own Property Search:

So, if you’re ready to begin your property search for your dream home or condo, 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:

If 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!