Buyers in Bonita Springs/Estero market facing lower inventory

Monday, November 30, 2015   /   by Michael Donovan

Buyers in Bonita Springs/Estero market facing lower inventory

Buyers in Bonita Springs/Estero market facing lower inventory

Submitted By Wbn Marketing
Posted: Yesterday 4:00 a.m
 
 
 

Bonita Springs — The Bonita Springs-Estero Association of Realtors (BEAR) has just posted the October 2015 Monthly Real Estate Market Detail to BonitaEsteroRealtors.com.

In the single-family home market segment, closed sales decreased 27.7 percent versus October 2014. New listings also experienced a decrease of 8 percent over this time last year. The median days moved from stable to a decrease of 20 percent versus October 2014. There were 415 active listings in October 2015, also remaining stable versus October 2014.

In the condominium/town home market segment, closed sales also saw a decrease of 29.9 percent compared to this time last year. New listings decreased slightly and the median days on market continues to decrease with a 64.8 percent decrease over October 2014. The month's supply of inventory saw a 12 percent decrease over prior year.

"The correlation between lower inventory levels and the number of closed sales is very clear." stated Judi Gietzen, 2015 BEAR President and Elite Realty of Southwest Florida broker/owner. "The ever decreasing days on market is evidence of strong buyer activity in the market, but they are still facing some inventory challenges. Homeowners still waiting for January to list are most likely missing a prime opportunity. Additionally, even though inventory is lower, it is a great time to buy, as year-over-year prices are lower now, but not likely to stay that way through January February and March 2016."

BEAR reports monthly real estate statistics on home listings and sales within Bonita Springs and Estero combined market.

The highlights of the October 2015 report include the following:

Single-Family Homes, as compared to October 2014 year over year: Closed sales 73 units — 27.7 percent decrease; New Pending Sales 96 units — 1 percent decrease; New Listings 138 units — 8 percent decrease; Average Sale Price $399,339 — 7.4 percent decrease; Median Days on Market 28 — 20 percent decrease; Inventory of Active Listings 415 units — 1 percent decrease; and the Month's Supply of Inventory 4.6 units — .7 percent decrease.

Condominiums/Townhomes, as compared to October 2014 year over year: Closed sales 54 units — 29.9 percent decrease; New Pending Sales 84 units — 9.7 percent decrease; New Listings 115 units — 10.2 percent decrease; Average Sale Price $286,535 — 5.3 percent decrease; Median Days on Market 19 — 64.8 percent decrease; Inventory of Active Listings 307 units — 22.5 percent decrease; and the Month's Supply of Inventory 3.7 units — 12 percent decrease.

To see the October 2015 market reports, visit BonitaEsteroRealtors.com.

MVP Realty USA
MVP Realty 4851 Tamiami Trail N
Naples, FL 34103

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2020 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Dawn Johnson - MVP Realty IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 9/29/2020 9:50 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Dawn Johnson - MVP Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Dawn Johnson - MVP Realty Data last updated 9/29/2020 9:50 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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